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Ken Griffin, founder of Citadel, expressed his anxiety regarding Donald Trump"s potential tariff policies during a speech at the Oxford Union. He described tariffs as a "long, slippery slope" that may yield short-term profits but could ultimately harm the competitiveness of US companies in the global market.
Billionaire Ken Griffin's departure from Chicago has left behind $94 million in luxury condos and penthouses, once symbols of his wealth. This exodus of the affluent has triggered a wave of bargain hunters, as the value of the city's most expensive properties plummets.
Citadel has issued a warning to external recruiters against promoting fake job opportunities after allegations surfaced that a prominent headhunter misled traders from major banks into sharing confidential information. The firm has reminded recruiters to refrain from soliciting sensitive data from its employees.
The Biden administration plans to triple the US nuclear power capacity by 2050, aiming for an additional 200 gigawatts through new reactors and upgrades. This initiative responds to rising demand for carbon-free energy, with bipartisan support and a focus on overcoming regulatory and labor challenges. Key recommendations include accelerating federal licensing and exploring new reactor deployments at existing plants.
In the recent elections, Arizona voters favored stricter immigration enforcement, while several states, including Republican-leaning ones, enshrined abortion rights in their constitutions. California saw a backlash against progressive criminal justice reforms, leading to the ousting of District Attorney George Gascón. Additionally, Florida's attempt to legalize recreational marijuana fell short, and most states opted to maintain their existing electoral processes.
The $32 billion cannabis industry in the US is poised for growth, particularly in states like Florida, where it faces significant competition. However, this expansion raises concerns about the environmental impact of increased weed production, highlighting the urgent need for growers to reduce emissions and resource use, while retailers must adopt more sustainable packaging practices.
In Florida's ongoing battle over cannabis legalization, Governor Ron DeSantis faces significant opposition from billionaire Ken Griffin, who has contributed $12 million to the campaign against a recreational marijuana referendum. DeSantis' attempts to secure additional funding for his anti-cannabis efforts have not gained traction.
Illinois politicians are considering a new tax on the wealthiest residents, reminiscent of Governor JB Pritzker's previous attempt during the pandemic, which was thwarted by billionaire Ken Griffin. Despite Griffin's departure to Florida, the proposal could further strain relations with affluent individuals in financially struggling Chicago.
Pacific Fusion Corp., a startup focused on nuclear fusion energy, has successfully raised over $900 million in a Series A funding round. The investment was led by General Catalyst, with notable participation from Breakthrough Energy Ventures and prominent individual investors, including Ken Griffin and Patrick Collison. Key figures such as Hemant Taneja and Eric Schmidt have joined the company's board of directors.
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