Dear Inside Community, May is here, which means Meet Our Fund 3 is only a few weeks away. This is the latest installment in our most popular event series where some of the most dynamic venture funds in the industry reverse-pitch themselves to thousands of founders. Register today. We want you to have a free, front-row seat to this virtual event. This is your chance to pose questions directly to investors. Understand what they look for in portfolio companies and how they distinguish themselves when they invest. Don’t miss out when MOF3 goes live on May 24 and 25. —The Inside Team | |  Daniel |  |
| |
 According to a draft majority opinion obtained by Politico, the U.S. Supreme Court is making preparations to overturn Roe v. Wade, a decision that would allow states to severely restrict abortion rights. The 93-page majority opinion draft authored by Justice Samuel Alito in the Dobbs v. Jackson Women's Health Organization case purportedly shows that the conservative majority at the Supreme Court is poised to end federal protection of abortion rights. More: - Several media outlets stressed that the leaked document is labeled as a "draft" opinion, meaning that justices could potentially change their votes since they are not expected to issue a ruling until late June or early July.
- As well as Roe v. Wade, justices seem poised to overturn the Planned Parenthood v. Casey 1992 decision that largely upheld the right to abortion, the document suggests.
- The opinion concludes that "the Constitution does not confer a right to abortion. Roe and Casey must be overruled, and the authority to regulate abortion must be returned to the people and their elected representatives."
- Justices Brett Kavanaugh, Clarence Thomas, Amy Coney Barrett, and Neil Gorsuch — all of whom were appointed by Republican presidents — also endorsed the majority opinion, an unnamed source told Politico.
- While there is some historical precedent, it is extraordinarily rare for a Supreme Court opinion draft — which might typically be circulated among a handful of legal clerks and others close to the Supreme Court — to be leaked to the press.
- Click here to read the majority opinion.
| |
 A unionization vote at an Amazon warehouse in New York failed on Monday, just weeks after workers at a nearby facility voted to create the first Amazon union in the U.S. Plans to join the Amazon Labor Union (ALU) were rejected in a 618-380 vote, meaning that just over two-thirds of the ~1,600 workers eligible to vote casted ballots. More: - Senator Bernie Sanders (I-VA) and Rep. Alexandria Ocasio-Cortez (D-NY) spoke to workers at the LDJ5 sorting center in Staten Island last week ahead of the union election.
- In late March, Amazon employees at the nearby JFK8 warehouse facility voted to form the ALU, with 55% of the votes in favor of the unionization drive.
- Amazon has filed a challenge to overturn the results of that election, alleging that the National Labor Relations Board (NLRB) "failed to protect the integrity and neutrality of its procedures" by turning away voters and allowing union representatives and media to stay too close to the voting site.
- If either Amazon or the ALU want to challenge the results of the latest election, they have until Monday to file complaints with the NLRB.
| |
 A message from CONNECTEAM See Why 90 Different Industries Use Connecteam to Manage Their Employees Connecteam is an all-in-one employee management software solution designed for deskless teams and remote workers. This simple, easy-to-use business tool boasts a wide range of features, from time tracking and shift scheduling to internal communication and employee training. Its simple user interface makes it super easy for your team to handle virtually every aspect of their day-to-day, regardless of their location. Connecteam supports many useful integrations across its most popular features. Integrate your employees’ schedules with Google Calendar or employee timesheets with payroll software such as Quickbooks Online. Future payroll integrations will include Gusto, Xero, and ADP. Manage your employees efficiently and eliminate paper-based workflows with one solution - Connecteam. Connecteam is 100% free for your first 50 users. Paid plans start from $39/month and come with a 14-day free trial. Start your Free Trial
| |
 EV-maker Rivian is set to receive $1.5B in incentives and tax credits for building an assembly plant near Atlanta, Georgia. In exchange, Rivian has agreed to create 7,500 jobs and invest $5B by 2028. More: - A Rivian spokeswoman said the company aims to open the plant in late 2024.
- Georgia's Department of Economic Development said that workers at the plant will earn an average of $56,000 a year.
- The plant will include a battery cell production site.
- Georgia economic development commissioner Pat Wilson said that this will put Georgia "at the forefront of the electric vehicle revolution."
- Rivian, which currently has just one manufacturing plant in the U.S. (in Normal, Illinois) has launched three EV models but has struggled to boost output amid supply chain issues.
- The company's stock is down more than 75% since its IPO in November.
| |
 GOOD NEWS: A set of rare medieval manuscripts has been digitized and made available online. The documents, which include a set of rules for the medieval order of the Knights Templar, can now be viewed on the National Library of Scotland's website. More: - The collection contains 240 documents, some of which date back as early as the 9th Century.
- They include:
- a 12th-century manuscript of the Rule of the Knights Templar Order featuring advice on facial hair for initiates.
- a 15th-century foldable almanac that could be worn on a belt.
- a selection of historical doodles.
- Many of the manuscripts come from Scotland but the collection also includes documents that originated in England, France, Italy, and north-western Europe.
- Click here to view the manuscripts.
| |
 A message from MAGIC MIND Magic Mind is a 2oz shot that gives you 7 hours of creative, productive flow-state. Magic Mind's science-backed blend of matcha, honey, nootropics, and adaptogens work together to get you “dialed-in”, not “wired”. No anxiety, no jitters, just focus and productivity so you can crush that to-do list faster. Our founder, James, wrote a best-selling book on nootropics after a visit to the ER made him realize how counterproductive caffeine was for his health and productivity. Nearly a decade later, after 70+ formulations all backed by a star-studded scientific advisory board, and we bring you Magic Mind: what Forbes called, "Silicon Valley's new morning elixir." Try Magic Mind risk free (we’ll refund your first purchase no questions asked if it doesn’t work for you), and see why creators like Justin Kan are calling it their “favorite product discovery”. Enter code INSIDE15 for 15% off your first purchase. Claim Your Discount
| |
 The Italian government unveiled policies to reduce the burden of rising energy costs. The €14B ($14.7B) program will be combined with €15B ($15.8B) in federal spending that has been announced in recent months to help Italians cope with rising fuel costs. More: - The package, which has been approved by decree, also includes €200 in stimulus checks for low- and middle-class Italians.
- ~€6B of funding for the policies will come from taxing the "extra" profits of energy firms.
- Economy Minister Daniele Franco said the current 10% one-off tax on energy and fossil fuel companies will be raised to 25%.
- The Italian government expects to collect €10B from this windfall tax in 2022.
- The government also plans to extend an existing fuel tax cut until July and plans to offer grants and state guarantees on bank loans to firms negatively impacted by sanctions on Russia.
| |
 The Facility for Rare Isotope Beams (FRIB), a long-awaited accelerator capable of producing rare isotopes for study by nuclear physicists, was officially opened on Monday. The first-of-its-kind accelerator will allow nuclear physicists to conduct experiments that were previously impossible. More: - FRIB is located on the Michigan State University Campus in East Lansing, Michigan.
- The 450-meter accelerator snakes through the facility's basement, producing isotopes that can be sent throughout the lab into experimental chambers.
- FRIB has a second accelerator that can smash rare isotopes in a way that can simulate the high-energy collisions that take place within stars or supernovas.
- According to experimental nuclear physicist Ani Aprahamian, the facility is "the realization of a dream of the whole community in nuclear physics."
- Most of the funding needed to build the $942M facility came from the U.S. Department of Energy.
Zoom Out: - The facility will allow for unprecedented experiments and exploration into the world of isotopes.
- Similar accelerators are in operation in Japan and Russia, and the atom-smashing Facility for Antiproton and Ion Research (FAIR) in Germany is scheduled to be completed in 2027.
| |
QUICK HITS - B2B businesses are switching to ecommerce. Now, it’s your turn. Learn three persuasive approaches that communicate the value of digital to decision-makers.*
- Goldman Sachs reduced its total credit exposure to Russia from $650M at the end of 2021 to $260M in March, according to a regulatory filing. CEO David Solomon last month said that the Russian invasion of Ukraine cost the bank $300M in Q1 2022.
- A grand jury was convened in Georgia to assess evidence on "whether there were unlawful attempts to disrupt" the 2020 election by former President Trump and his allies.
- Cambridge University researchers who analyzed more than 2,000 skeletons from the Middle Ages found that Anglo-Saxon kings had the same largely vegetarian diets as peasants. The findings offer evidence against the long-standing belief that Anglo-Saxon elites ate meat-rich diets.
- Bill Richardson, former U.S. Ambassador to the United Nations and international hostage negotiator, has agreed to help in efforts to free WNBA star Brittney Griner from Russian detention.
- SeedInvest launches a pitch competition for historically underrepresented founders. Over $40,000 in prizes. Pitch to Baron Davis and Jesse Draper. Learn More.*
*This is sponsored content.
| |
 Mount St. George by Konstantin Bogaevsky. 1911
| |
UPCOMING EVENTS - May 05 - [Live Webinar] Women in Sales: How to Build Your Personal Brand to Drive More Sales presented by Introhive (Register Here) *
- May 10 - Giving Voice and Intelligence to Digital Characters with David Colleen (SapientX) (Register Here)
- May 12 - Making Metaverse Dating a Reality (Register Here)
- May 18 - Need To Know NoCoder: Jatin Arora (Utilize) (Register Here)
- May 19 - Understanding Fractionalization (Register Here)
- May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 22 - The Future of Open-Source Software Security (Register Here)
- July 28 - HR Strategies to Retain Remote Employees (Register Here)
* This is a sponsored event.
| |
 |  | Daniel Smith is an Inside Analyst who currently resides in Miami, Florida. A native of Brooklyn, New York, Daniel spent the last four years as a PhD candidate in Politics and International Studies at Cambridge University in the United Kingdom. He is fascinated by tech, business, politics, venture capital, and everything in between. When he’s not writing for Inside he can be found kicking a ball on the nearest rugby pitch. Follow him on Twitter @DanSmithInside. | | | | Editor | Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Connecteam is the all-In-One Employee Management Software. Time Tracking, Shift Scheduling, Communication, and Much More. | |
| |
Comments
Post a Comment