Happy Monday, wealth Technical editor Alexei Oreskovic is here today, nailing Leo. As Americans celebrate a long Independence Day weekend, they are seen as some notable festivals and fireworks show in the constant relationship between Silicon Valley and Washington, D.C.
On the festival side, Venture investors Startup founders provide a provision for the Trump Tax and Spends Act that expands capital tax exemptions for stock sales of certain small businesses. Changes in qualified small business stock plans mean that the assets of domestic “C” owners and investors of domestic “C” companies will gain more ways to take advantage of the benefits. Wealth Program Advisor Tell CNBC Now, if an investor puts $74.9 million into a small business, if the original basis sold is more than 10 times, it is exempt from $749 million of capital gains. ”
“We will see more founders/early employees selling middle schools, but hopefully we will see more people wanting to join a startup!” Posted Deedy Das of Menlo Ventures.
An unimpressed entrepreneur: Elon Musk, who announced on the weekend that he was Initiate the American PartyThis is a new party that can “fight unilaterally against the Republican/Democratic United Nations” after the bill passes through Congress. “If he just wants to increase debt by $5 trillion, what’s the point of @doge?” Musk Post On Sunday.
As expected, Trump responded with sulfuric acid, calling Musk a “train wreck” and he “off the track.”
It is unclear whether Musk has taken any specific steps to prove the U.S. party (as of Saturday night, there was no paperwork. New York Times). But the real problem is that Trump can try to identify specific retribution for his former political allies and campaign donors. Trump used to have threaten Cut federal contracts and subsidies to Musk’s various operations, including SpaceX and Tesla (Tesla’s stock often tracks the ups and downs of Musk’s political wealth) and even ponders the potential Musk was expelled from the country.
In short, this oversized Donnybrook seems unlikely to calm down anytime soon.
There is one more thing. Speaking of Trump and Silicon Valley, what the president wants is not a secret apple Making iPhone on American soil. I highly recommend this Works by My colleague Verne Kopytoffwho saw the last thing that happened when a big tech company (Google) tried to build a smartphone in the United States
Return to the regular term programming with Allie tomorrow,
Alexei Oreskovic
X: @lexnfx
e-mail: Alexei.oreskovic@fortune.com
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Allie Garfinkle curates the trading part of today’s newsletter.
Risk Trading
– Nordic air defenseA Stockholm-based defense technology startup has raised $3 million in strategic funding. inflection point Lead this round.
quit
– This is an investment Agree to acquire a majority stake Authorized study groupa school service provider from the UK, from Graphite Capital. Financial terms are not disclosed.
other
– Danson Obtained the Netherlands-based Netherlands Axia vegetable seedsdevelopers of various high-performance tomato seeds are known for their high disease resistance, good taste, quality and high yield. Investors include smaller Perkins, theme, and WP Global Partner.
