Starboard Value sees big return in this infrastructure play

Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP.

Chris Goodney | Bloomberg | Getty Images

Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM board in protest of CFO Troy Rudd’s promotion to chief executive officer in June.

That snag, however, has not dented Starboard’s overall return on its AECOM investment. Since taking a stake in the company, AECOM shares are up more than 40%, easily outperforming the broader

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Israel Fintech Startup Nayax Looking At $1 Billion Valuation With TASE IPO – Jewish Business News

Israel Fintech Startup Nayax Looking At $1 Billion Valuation With TASE IPO

Nayax joins a number of other Israeli fintech success stories.

From Natax Website

Nayax Ltd., an Israeli Fintech firm is undergoing plan for an initial public offering on the Tel Aviv Stock Exchange (TASE) in the second quarter of 2021. The IPO is expected to give Nayax a valuation of $1 billion, reported Calcalist citing an anonymous source.

Founded in 2005 by CEO Yair Nechmad and CTO David Ben-Avi, Nayax is still privately owned and all of its shares are still held by its founders.

Fintech refers

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Charity CEO warns of the impact of Covid on conservation in Africa

The co-founder and CEO of charity Tusk has told CNBC that the shutdown of the tourism industry in Africa due to the Covid-19 pandemic has caused an economic crisis which is impacting conservation in the region.

Charles Mayhew, who is based in the U.K., co-founded the charity in 1990, with a mission to “amplify the impact of progressive conservation initiatives across Africa.” It was started in response to the poaching crisis throughout the 1980s which saw up to 100,000 elephants killed annually, and Prince William, the Duke of Cambridge, became the charity’s Royal Patron in 2005.

Tourism and safaris play

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Scientists find a drug that quickly blocks the transmission of COVID

Image Credit: Pixabay

The antiviral drug Molnupiravir prevents the coronavirus from progressing to severe disease.

Scientists from the Institute for Biomedical Sciences, Georgia State University, have found a means to block the transmission of coronavirus.

A team of experts led by Professor Richard Plemper, have analyzed the effect of the antiviral drug MK-4482 / EIDD-2801 or Molnupiravir on SARS-CoV-2, which is effective against influenza viruses and has a broad spectrum of action against RNA-containing viruses.

This is the first demonstration of an orally available drug to rapidly block SARS-CoV-2 transmission. MK-4482/EIDD-2801 could be game-changing.”

says Dr. Plemper.

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Dow futures rise more than 100 points ahead of November jobs report

Stock futures rose early Friday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic.

Futures on the Dow Jones Industrial Average were up by 108 points, or 0.4%. S&P 500 and Nasdaq 100 futures advanced 0.3% and 0.4%, respectively.

The rate of job gains likely slowed in November due to the spike in new coronavirus cases that led to fresh lockdown restrictions. The U.S. economy is expected to have added 440,000 jobs, compared 638,000 new payrolls added in October, according to Dow Jones. The unemployment rate

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3 Easy-to-Access Small Business Financing Alternatives

If you are a small business owner looking to expand your established business, finding financing solutions is the biggest challenge. While small business owners should always be on the lookout for alternative sources of finance, opportunities may be far and few.

Most business owners have heard of “alternative” financing solutions like seeking investors who are willing to put their money in a young company in exchange for profit shares, the Shark Tank style. However, the fact remains that it is extremely difficult for small businesses to approach these sources. As a result, seeking traditional loans from banks is still

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