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european business leaders face productivity gap with united states

Ana Botín highlights a significant productivity gap between Europe and the U.S., urging for a cultural shift that embraces innovation and smart risk-taking. She calls for reducing regulatory complexity and establishing a new social compact between business and society. Meanwhile, Santander reports a profit of €12.6 billion, benefiting from higher interest rates and a focus on digital banking.

construct capital raises 300 million for third fund focused on early stage investments

Construct Capital, a Washington, DC-based venture capital firm, has successfully closed its third fund, raising $300 million in capital commitments. The firm specializes in early-stage investments in manufacturing, transportation, and defense technology. Founded in 2020 by Dayna Grayson and Rachel Holt, Construct Capital has previously invested in companies like Hadrian and Veho.

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