is on the rise and many pills adopted by companies early in the pandemic are coming up for renewal by shareholders.

Deals

  • Jack Dorsey’s payments company, Square, is buying a majority stake in Jay-Z’s music streaming company, Tidal, for $297 million, and the rapper will join Square’s board. (NYT)

  • In SPAC news, the online insurance seller Hippo is merging with a blank-check firm run by Reid Hoffman and Mark Pincus in a deal worth $5 billion; the photo-sharing service Shutterfly is reportedly in talks with a SPAC at a valuation of up to $5 bil­lion; and Chamath Palihapitiya sold all of his $200-million-plus personal stake in Virgin Galactic, which merged with one of his SPACs in 2019. (Reuters, WSJ, Business Insider)

Politics and policy

  • The S.E.C. created a task force to take a closer look at companies’ disclosures about climate change and social issues. (Reuters)

  • The U.S. temporarily suspended tariffs on Scotch whisky. (NYT)

  • The E.U. proposed a law that would require companies to disclose gender pay gaps. (NYT)

Tech

  • Amazon has spent the pandemic embarking on a warehouse shopping spree in New York. (NYT)

  • Reddit has hired its first C.F.O., a clear sign that it’s preparing to go public. (NYT)

  • Twitter is reportedly testing an “undo send” button. (Engadget)

Best of the rest

  • Black representation in the fashion industry has been lacking. Is that changing? (NYT)

  • A new supersonic jet claims to carry up to 18 passengers from New York to London in one-and-a-half hours. (Telegraph)

  • The clothing company Suitsupply has an, erm, interesting idea of what post-pandemic life will be like. (AdAge)

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