Izzy Schwab, the founder and chairman emeritus of D&H Distributing, has died at 90. Industry partners credit the ‘people-customer-first’ culture he built as the key to the company’s resilience and massive growth.
Peloton has laid off 11% of its global workforce in a bid to reduce costs. The cuts, confirmed by the company, are part of CEO Peter Stern’s ongoing efforts to steer the company back to growth.
Solv Energy Inc. has filed for an IPO to raise over half a billion dollars. The firm, specializing in solar and battery storage, is riding a wave of demand from tech companies needing power for AI. Its backlog is a massive $6.7 billion.
European banks are sending mixed signals. Deutsche Bank met its 2025 goals and got a 1 billion euro buyback okay, but some analysts call its 2026 outlook “disappointing.” Meanwhile, 3i Group’s fate is tied to discount chain Action, which faces a tougher European market.
Liftoff Mobile, a mobile app marketing company, has announced its plans to go public. The IPO could raise up to $762 million and value the company at nearly $5.2 billion.
Elon Musk’s SpaceX is reportedly in talks for a potential merger with either Tesla or his AI startup, xAI, before a planned initial public offering. The IPO is targeting mid-June, coinciding with a celestial event near Musk’s birthday. This move could let Musk beat Sam Altman’s OpenAI to Wall Street
According to Fortune, over 1,200 AI-related bills were introduced in states last year, with 145 becoming law. This creates contradictory rules that add a 17% overhead cost to AI systems and can turn a startup’s profit into a loss. The White House has taken a first step, but critics say only Congress
Starbucks held a pivotal investor day, projecting growth through 2028 and a revamped rewards program. The numbers show progress, but the stock’s recent surge has already priced in much of the good news.
South Africa’s Competition Commission has recommended unconditional approval for Cennergi Holdings and Cennergi Services to acquire AESA and O&M Company. The deal consolidates key renewable energy projects under Exxaro’s control. The commission found no significant competition or public interest con
Hanno Renner, co-founder and CEO of Personio, sat down with the EU-Startups Podcast to discuss the company’s ten-year journey. He covers the shift from survival to scale, leadership lessons from sailing, and the company’s massive $724 million in funding.
