The Pentagon is reportedly canceling a $10 billion cloud computing contract that had been awarded to Microsoft over Amazon during the Trump administration. The Department of Defense released a statement on Tuesday stating that it is canceling the Joint Enterprise Defense Infrastructure contract that had been awarded a number of years ago to Microsoft. It will instead seek new solicitations for an updated Joint Warfighting Cloud Capability contract from Amazon and Microsoft. …

Hold onto your DeLorean seats because we’re going back in time. The year is 1988 and Wall Street’s entered a new golden age with wild bets being made on such an unprecedented scale — not seen since the eve of the gilded age of the 1920’s. KKR is about to tenure the largest management buyout in history with a market that has an insatiable demand for cheap debt and high yields. In short, it was a time in finance wilder than the O.K. Corral.

Ringlight (Credits: Getty Images)

In this new wild west, something darker had become the hallmark of the age — greed…

Congress is pushing to move forward with a number of potentially highly impactful bills meant to rein in big tech companies, and the process has been creating new questions about the future of the digital economy in the United States.

Washington DC (Credits: Getty)

The push comes as current antitrust laws are also being tested against several of the biggest companies in ongoing court battles across the country and the world at large. As lawmakers prepare to advance the bills out of committee on Wednesday, the challenge now is understanding what the new legislation may mean for the products and services consumers use on…

As the world decides to move forward new setbacks continue to present themselves. In a world inextricably linked through complex globalized supply chains finely balanced on the razors edge of the just in time economy we find ourselves dangerously vulnerable to disruption.

Port of Guangzhou (Credits: AJOT)

If TSMC the world’s most critical semi-conductor manufacturer loses a day to a week in production prices can skyrocket, when a ship gets stuck in a canal prices skyrocket.

Now another crisis is at our doorstep. The Chinese providence of Guangdong has presumably seen a spike in COVID-19 cases leaving businesses and local governments scrambling causing massive shipping…

The job market throughout the United States is on fire, soaring to nearly a million job openings in April, which set a record for the highest overall number recorded in a single month since the Bureau of Labor Statistics started tracking this data in 2000 at 9.3 million new positions.

Glassdoor Page (Credits: Glassdoor)

The demand for workers is higher than ever as companies continue to brace themselves for a busy summer. Despite the uptick in new job openings, however, many workers don’t exactly seem ready to come back to the workforce. Although job openings have risen, American employers hired just 6.1 …

Less than a month after the Colonial Pipeline was hit with one of the most disruptive ransomware attacks in history, JBS — the world’s largest meat plant — was forced to shut down 9 plants due to a cyberattack. The disruption ended today with plants opening today. While the disruption was short-lived analysts have reported that meat markets could still face price volatility and supply chain disruption.

Meat (Credits: Chicago Magazine)

In a global just in time economy even the shortest-lived disruption can have rippling effects through supply chains as was made evident with skyrocketing prices and fuel shortages at the pump in the…

The EU is closing in on its first formal antitrust investigation with its eyes set on the social media giant, Facebook. The EU has been vamping up its enforcement of regulations with big tech companies in recent years, and the European Commission is reportedly set to open formal antitrust proceedings against Facebook after many long and intensive investigations into the company.

The investigation in question is set to dive into how Facebook allegedly favors Marketplace, the company's own market service, at the expense of other companies that attempt to sell their products via Facebook. …

In the wake of the Covid pandemic electric vehicle upstarts like Canoo, Rivian, Lucid, and Fisker are find themselves under the gun do to mounting supply chain pressure and labor shortages — what’s more the entire auto industry is missing production goals because of the global chip shortages. For EV upstarts, the timing couldn’t be worse. Last year many of these EV upstarts found themselves awash in private equity and institutional cash and debt, many of these companies opted to go public through special purpose acquisition companies, making them attractive wagers for large investors. …

A hacking group that is believed be based out of Eastern Europe has been involved in a cyberattack that resulted in the shutdown of the main pipeline that supplies gasoline and diesel fuel for the Eastern Coast of the United States. The Biden administration and other officials in the U.S. and globally condemned the attack and acknowledged cybersecurity as an increasing problem globally.

The Colonial Pipeline was forced to halt the company’s operations after the hackers gained accessed to its computer systems. …

Happy Cinco de mayo, today was Jessica Alba’s The Honest Company’s IPO debut and has hit a market value of $2.2 Billion (HNST). Marking another great day for female founders. The company sold 6.5 million shares opening up at $21.22 above its $16 pricing ask raising $413 million. The company’s 2020 revenues were in excess of $300 million a 28% increase over 2019. It lost $14.5 million in 2020. Diapers and wipes accounted for 63% of last year’s sales.

The Honest Company (Source: Brookfield Brief)

The personal care products brand has made a strong bet on developing good clean sustainable products highlighted in an investor letter…

Brookfield Brief

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