Thursday, June 14th, 2018

Comcast Makes a Bid for Twenty-First Century Fox
Company Press Release

Comcast sent a letter to the Board of Directors of Twenty-First Century Fox, proposing to acquire the company for an all-cash bid of $65 billion.

Today’s proposal challenges Disney’s previous bid back in December who looked to acquire the assets of the company for $52.4 billion.

The move by Comcast comes a day after AT&T was given the clear to acquire Time Warner.

Gap Inc. Announces a New CEO for the Gap Brand
Company Press Release

The company announced on Wednesday that it has appointed Neil Fiske as president and chief executive officer of Gap brand.

Fiske served as chief executive officer at Billabong International, where he restored and led the brand to a position of market leadership and multi-year share growth. Prior to that, he five years as president and CEO at Eddie Bauer.

He begins his new role on June 20th, 2018.

RBC and Westjet Rollout a New Loyalty Platform
Company Press Release

Both companies announced on Wednesday that they are launching a loyalty platform called Ampli. It will provide members with merchant offers, rewards and exclusive bonuses.

The new platform looks to compete against other loyalty programs such as Aeroplan.

Merchant partners are expected to be announced over the coming months.

The US Federal Reserve Raises the Interest Rate
Press Release
Chairman’s FOMC Press Conference Materials

The Fed raised its benchmark interest rate by a quarter point from 1.75 to 2 percent.

It also signaled that it may potentially boost the pace of further rate increases.

Tableau Acquires an Artificial Intelligence Startup
Company Press Release

The company announced on Wednesday that it has acquired Empirical Systems, an artificial intelligence startup originating from the Massachusetts Institute of Technology.

The acquisition will help its customers with deeper insight into their data, without needing to manually build complex data models that would typically require a trained statistician.

Terms of the deal were not disclosed.

Elon Musk’s Boring Company Will Operate an Express Train in Chicago
Chicago Tribune
The Verge

According to a report by the Chicago Tribune, the Boring Company, a company owned by Elon Musk, has won against four other competing bids to provide high-speed transportation between the Chicago downtown core and Chicago’s O’Hare International Airport.

According to the Mayor’s office, as reported by the Verge, each vehicle will carry up to 16 passengers and will depart as frequent as every 30 seconds.

The final route, timeline, and cost were not disclosed, however, it’s noted that the Boring Company is said to be reportedly covering all costs associated with the project.