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Showing posts from May, 2023

POLITICO California Playbook PM: Newsom opens a new chapter in culture wars

Your afternoon must-read briefing on politics and government in the Golden State May 31, 2023 View in browser   By Blake Jones and Jeremy B. White BOOK CLUB: Until recently, California Democrats had been sitting out the culture wars raging in Florida and elsewhere over what kids learn in school. Now, worried that red-state content restrictions could filter into the state’s curriculum, they’re jumping in. Gov. Gavin Newsom made the first move earlier this month. He directed staff...

Soda ash giant eyes London targets $7.5B valuation / Intel fights for survival in toughening market / Pear scores $432M for VC fund

Plus, Container output drops amid low demand for products Inside Business For May 31, 2023 Thank you to our sponsor 1 WE Soda, the world's largest natural soda ash producer, plans to go public in London at a $7.5B valuation. Despite declining IPO proceeds, London's Europe-centric focus and U.K. base persuaded the company to choose it over New York. More: WE Soda believes there are advantages to attracting attention by going public while others are not, despite current worries about the London market. The Ciner Group's wholly-owned WE Soda produced $838M in core adjusted earnings on $1.8B in revenue in 2022. After the IPO, Turgay Ciner will keep around two-thirds of the company, and it has plans to invest $5B to increase manufacturing capacity and keep up with demand. Due to the demand for solar panels and the manufacturing of lithium carbonate, soda ash consumption is anticipated to rise to 81 million tonnes by 2030, favo...