Tiger Global Management, the New York-based hedge fund turned venture investor, has hired an advisor to help it sell off some of its startup stakes, a process known as a seconary sale, the Financial Times reported . Selling positions in portfolio companies like ByteDance and OpenAI could help the firm return capital to its backers. Tiger has been on the hunt for secondary market opportunities...
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The Electric: Congress’ Move on Permitting Reform Leaves Industry Wanting More
Congress appears poised to shrink a key obstacle to the creation of a competitive U.S. electric vehicle battery industry—the agonizing, often yearslong wait to obtain permits to mine for battery metals such as lithium and nickel. On Wednesday night, the House approved small but important changes to the permitting process as part of a bill to lift the federal debt ceiling. Now the Senate takes...
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