- Hedge fund Alden Global is buying newspaper chain Tribune Publishing (CNN) - Where newspapers go to die. The acquisition has long been expected and feared internally after the hedge fund became the company's largest shareholder in 2019 with about 32% ownership. Hundreds of Tribune employees signed a letter to protest the ownership, citing the hedge fund's "well-documented history of extracting short-term profits from already-lean operations by cutting newsroom jobs and denying fair wages and benefits."
- Bill Gates says he's not 'a Mars person' like Elon Musk and would rather spend his money on vaccines than a trip to space (Yahoo! News) - Gates said he's interested in using his wealth and foundations to directly address some of humanity's greatest challenges. "I'm not going to pay a lot of money because my foundation can buy measles vaccines and save a life for $1,000," Gates said. "Anything I do, I always think, 'OK, I could spend that $1,000 buying measles vaccine.'"
- Arne Sorenson, CEO who grew Marriott into world’s largest hotel chain, dies at 62 (Washington Post) - Mr. Sorenson had been diagnosed with pancreatic cancer in 2019 and cut back on full-time oversight of Marriott two weeks ago to undergo “more demanding treatment,” the company said.
- Tesla May Have Already Made More In Profits From Bitcoin Than Electric Vehicles (Benzinga) - Bitcoin hit $50,000 for the first time ever on Tuesday, continuing a 2021 rally that has sent the largest cryptocurrency higher on increased adoption and public companies placing bets on the future.
- Microsoft releases new all-in-one Office app for iPads (Ars Technica) - The app combines Word, Excel, PowerPoint, and a number of mobile device-specific features, including PDF management tools and a file browser.
- Written by Herb Scribner
- Category: Business