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Bloomberg

Neither Party Benefits from Redistricting Fight, Says Strategist Alex Conant

Alex Conant, Partner at Firehouse Strategies and Republican Strategist says that as states finalize new Congressional districts neither party seems to be getting an advantage nationally. Virginia voters backed a Democratic plan to redraw the state's congressional districts in a way that could net them as many as four more US House seats in November's midterm elections, according to multiple projections.  With about 99% of the ballots in Tuesday's referendum counted, the "Yes" vote led the "No" side by 51.5% to 48.6%.  The vote marked one of the final acts in a yearlong national battle sparked when Republicans moved to change voting boundaries in Texas, in an effort to keep GOP control of the US House in the midterms. It also served as an early test for Democratic Governor Abigail Spanberger, who supported the referendum as a response to Republican moves in other states.

Read more: Neither Party Benefits from Redistricting Fight, Says Strategist Alex Conant
Bloomberg

Rivian CEO Says $45,000 R2 Option Is Coming Next Year

Rivian's new R2 model has begun rolling off the manufacturing floor in Normal, Illinois, despite damage to the factory from a tornado over the weekend. The smaller, more affordable SUV is seen as crucial to driving profitability for the electric vehicle maker. Rivian CEO RJ Scaringe joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Read more: Rivian CEO Says $45,000 R2 Option Is Coming Next Year
Bloomberg

Revolut Spent Zero on Marketing in Beginning, CEO Says

Revolut CEO and co-founder Nik Storonsky says the company didn't spend any money on marketing in its first five to seven years, relying entirely on word of mouth. He also discusses efforts to acquire a US banking license and Revolut's business today. This interview was recorded on April 14 at the Johns Hopkins Bloomberg Center in Washington, D.C.

Read more: Revolut Spent Zero on Marketing in Beginning, CEO Says
Bloomberg

Private Equity Enters a New Era, Sotir Says

Private equity is entering a new era according to Mark Sotir, the President of Equity Group Investments, He joins Bloomberg Open Interest to break down why founders are rushing for stability, how AI is boosting productivity, not replacing jobs, and why rising interest rates and competition are making it harder than ever to generate returns.

Read more: Private Equity Enters a New Era, Sotir Says
Bloomberg

A Private Equity Reset

Private equity is entering a new era according to Mark Sotir, the President of  Equity Group Investments, He joins Bloomberg Open Interest to break down why founders are rushing for stability, how AI is boosting productivity, not replacing jobs, and why rising interest rates and competition are making it harder than ever to generate returns.

Read more: A Private Equity Reset
Bloomberg

United CEO Eyes Assets, But Won't Say From Which Airline

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped a question about if he's interested in buying rival American Airlines. But he did say discussions have been held with one airline about buying some assets. He also spoke to Lisa Abramowicz in Chicago about jet fuel prices, earnings and travel demand.

Read more: United CEO Eyes Assets, But Won't Say From Which Airline
Bloomberg

United CEO Won't Comment on Possible Merger With American Airlines

Scott Kirby, the chief executive officer of United Airlines Holdings Inc., said he wouldn't comment when asked if his company would be buying American Airlines. Kirby did say he is focused on leveling the playing field with foreign airlines and building a "great global airline that all US citizens can be proud of." He speaks with Bloomberg's Lisa Abramowicz from the company headquarters in Chicago.

Read more: United CEO Won't Comment on Possible Merger With American Airlines