If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to the customers that originally paid the tariffs. The refunds
Only about 12% of family-owned businesses make it to a third generation still under family control, according to a new Goldman Sachs playbook aimed at the founders and dynasties the bank counts among its most prized clients. It’s a statistic Goldman itself put in print in “Honoring Legacy and Positioning for the Future,” a paper
➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. IT’S HAPPENING! Anthropic targets $2 trillion IPO in October—largest ever public float Anthropic will stage an IPO in October at a predicted valuation of $2 trillion, even
Steve and Connie Ballmer have given away more than $8 billion during the past two decades, and founded the Ballmer Group in 2015. Now they’re changing who gets to decide where the next donations go. The couple’s economic-mobility philanthropy, Ballmer Group, is spinning its three regional offices into separate, independent nonprofits for their regional grantmaking.
To engineer-turned-corporate executive Guillaume Lucci, there’s a straightforward solution to the Philippines’ ongoing energy emergency. “What we need is more energy of all sorts, not only more renewable energy,” Lucci, the CEO of Filipino infrastructure firm Prime Infra, tells Fortune at the firm’s headquarters in Pasay City, Manila. “We don’t see energy reliability and affordability
Most American private schools still raise money the old-fashioned way—silent auctions, annual giving, and a yearly gala with mixed drinks and canapés. Crystal Springs Uplands School, a 569-student private day school located on the peninsula between San Francisco and Silicon Valley, still plans to throw a gala this year, but it isn’t the main draw