US coronavirus cases and hospitalizations continued to climb over the weekend. Meanwhile, DoorDash released its paperwork to go public on Friday, and Airbnb's S-1 is expected to drop this week. If you're not yet a newsletter subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. We're also launching a new newsletter — 10 things in Politics You Need to Know Today — later this month. Sign up here. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. Click here to read the entire story. Yoonji Han spoke to securities lawyers to understand what Gary Gensler, President-elect Joe Biden's pick for leading his financial policy transition team, means for Wall Street. Gensler, who spent 18 years at Goldman Sachs, is no stranger to public office, having served as chairman of the CFTC. Read the whole story here. Bitcoin is back. Paul Tudor Jones is up this year thanks to investments made in the cryptocurrency. Bradley Saacks has the full story. Read more here. Speaking of Goldman's partners, the bank's technology, media, and telecommunications (TMT) investment-banking group had a big day on Thursday, adding seven new partners from the group. Meet the seven new partners from the team. As Dan Geiger reported on Saturday, Ralph Lauren has agreed to sublease a large store formerly occupied by its Polo brand on Fifth Avenue for just a fraction of the astronomical rent the fashion label pays for the space. The deal offers a stark data point that illustrates the sharp decline of the brick-and-mortar store retail market amid the Covid pandemic and the yearslong advance of e-commerce. Read the full story here. The San Francisco-based delivery startup DoorDash on Friday filed paperwork to go public, detailing its investors shedding more light on who is set to benefit from its initial public offering. Giant institutional investors with stakes include Fidelity, through funds like its $125 billion Contrafund, and T. Rowe Price, through funds including its $61 billion Growth Stock Fund. Read the full story here. Odd lots: |
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