Good evening!
Good funding news for early-stage startups today.
Here are the 7 things you missed today:
1. 🇨🇳 U.S. & China Tariffs Are Slashed For 90 Days
In a surprising twist, the U.S. and China agreed to a 90-day tariff reduction, slashing U.S. tariffs on Chinese goods from 145% to 30%, and China's tariffs on U.S. goods from 125% to 10%. Markets reacted today just as enthusiastically as you might expect. (CNBC)
2. 🤷 Struggling with tariffs?
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3. 🦾 Google Launched an AI Startup Fund
Google launched the AI Futures Fund, aiming to back startups that leverage its latest AI tools. Eligible startups will get capital, early access to cutting-edge models, and hands-on support from Google employees. (CNBC)
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5. 💰 Mercury’s CEO is Launching a $26M Fund
Immad Akhund, co-founder and CEO of fintech firm Mercury, has formalized his extensive angel investing experience by launching a $26 million fund targeting early-stage startups. The fund focuses on founders with “a track record of impactful products,” aiming to support ventures that advance humanity in markets valued at $10 billion or more. (TechCrunch)
6. 🪒 Philips Will Fix Your Razor With 3D Printables
Philips announced “Fixables,” a new sustainability initiative allowing consumers to 3D print replacement parts for personal health devices like the OneBlade trimmer. By providing downloadable files through the Printables platform, Philips aims to reduce e-waste and extend product lifespans, starting with an adjustable comb and plans to expand the range. (The Verge)
7. 🍔 McDonald’s Plans to Hire 375k Workers
McDonald's has announced plans to hire 375,000 workers across the U.S. this summer, coinciding with new U.S. labor policies. The fast-food giant's hiring spree reflects both higher seasonal demand and adjustments to the evolving labor landscape. (CNBC)
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