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Musk needs to raise another $6 billion for Twitter
Elon Musk has pledged to take more money out of his pocket — or gather more money from other investors — to pay for the purchase of Twitter.
Understand: this is the amount the billionaire needed not to depend on financing guaranteed in Tesla shares that he owns.
In short: Musk needs to take off $33 billion out of pocket, not to mention the loan of $13 billion next to banks.
- Discounting the Tesla shares he sold, the stake he already has on Twitter, and what he’s got from investors, Musk still needs to get around $20 billion – if the deal comes out at the agreed price.
On hold: the owner of Tesla stated about ten days ago that the purchase had been suspended until Twitter proved to him that the number of bots (robots) on the platform is actually less than 5%, as she claims.
Impact on the Stock Market: The document released on Wednesday sent Twitter shares up more than 5% in post-market trading to $39.25. Tesla’s shares barely fluctuated.
Share of foreign investments increases
Foreigners participated in 39% of investments in Brazilian startups from January to April this year.
It’s a rise against the 33% registered in the same period of 2021. Data are from the Distrito innovation platform.
In numbers: in the largest collections, in which the values surpassed $50 million (R$ 250 million), the gringos were responsible for 90% of the total. At least two-thirds of the capital invested in the last five years came from abroad.
- The sectors most sought after by foreign funds are fintechs (26% of rounds), retailtechs (12%) and healthtechs (10%). USA, Germany and Japan are the countries with the most managers investing in startups in the country.
What explains: The inflow of foreign money is a trend in the Brazilian startup market in recent years, marked by high liquidity and a devalued real.
- Even so, the interest rate hike is just beginning abroad, while in Brazil it is reaching the end of the cycle. This may explain the increase in the flow of dollars at the beginning of the year here.
Hunger in Brazil doubles in 7 years
Food insecurity in Brazil reached a record level at the end of 2021 and surpassed, for the first time, the global average.
In numbers: the rate jumped from 17% in 2014 to 36% at the end of 2021 – the global average is 35%. The data are from the Gallup global survey, carried out in 160 countries with 125,000 questionnaires and were analyzed in Brazil by FGV Social.
- Among the poorest 20% of Brazilians, 75% said they had run out of money to buy food in the 12 months prior to the survey.
- In terms of women, the rate reached 47%; and 45% for people aged between 30 and 49 – groups that generally have more children.
What explains: the increase comprises the period in which the country entered a recession under Dilma Rousseff (2011-2016) and which was followed by mediocre growth.
Inequality: among the poorest 20% in Brazil, the level of food insecurity is close to the countries with the highest rates, such as Zimbabwe (80%).
- At the other end, the richest 20% have a rate of 7%, close to the level of countries like Sweden.
Ceiling on ICMS on energy advances
The Chamber of Deputies approved this Wednesday the project that limits the ICMS (Tax on the Circulation of Goods and Services) on energy and fuels.
With a score of 403 to 10, the proposal now goes to the Senate, where it is likely to face greater resistance. The states also intend to bar the measure in the STF.
Understand: the text provides that the state tax rate on fuels, natural gas, electricity, communications and public transport cannot exceed a range of 17% to 18%.
Compensation: The proposal provides for a refund from the Union for states in a tax recovery regime and a debt reduction for indebted entities that have a loss of revenue greater than 5% in relation to 2021.
- Municipalities (which receive a share of ICMS) will also be compensated for the losses.
In numbers: states claim that they will have an impact between BRL 64.2 billion The BRL 83.5 billion per year in the collection, while the municipalities calculate that they will lose BRL 21 billion.
What explains: the measure is sponsored by the president of the Chamber, Arthur Lira (PP-AL), to reduce fuel and energy prices in the election year. Some states have readjustments above 20% in the electricity bill.
More from the proposal: the text approved in the Chamber also changes the complementary law that deals with the levy of ICMS on diesel.
- By the text approved this Wednesday, the tax calculation basis will be, until December 31 of this year, the average prices of the last five years.
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
