Tuesday☕️

Jul 16, 2024 • 4 min read

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Donald Trump Selects VP:

Donald Trump has selected Sen. JD Vance of Ohio as his vice-presidential running mate, ending months of speculation and making a significant political shift given Vance's past criticisms of Trump. The announcement comes just days after a campaign rally in Butler, Pennsylvania, where Trump was shot at, resulting in injuries to his ear, the death of one spectator, and critical injuries to two others. The shooter, firing from an elevated position outside the venue, was neutralized by U.S. Secret Service personnel and later confirmed dead.
President Joe Biden expressed relief that Trump was safe and condemned the violence, emphasizing that such acts have no place in America. Trump thanked the Secret Service and law enforcement for their swift response and offered condolences to the victims' families, recounting the moment he was shot. The FBI is leading the investigation, with high-profile political figures, including House and Senate leaders, condemning the attack.
The selection of Vance, who previously criticized Trump but has since become a supporter, underscores the strategic alliances forming within the Republican Party as the 2024 election approaches. This move aims to strengthen Trump's challenge against President Joe Biden and Vice President Kamala Harris, highlighting the loyalty Trump has garnered from former critics within the party.

Recent Stripe Valuation:

Stripe's valuation has recently risen to $70 billion, driven by Sequoia Capital's initiative to buy shares from investors seeking liquidity. Sequoia is offering $27.51 per share, focusing on limited partners from funds raised between 2009 and 2012, aiming to acquire up to $861 million in shares. This follows Stripe's earlier valuation of $65 billion in February, which had increased from $50 billion last March but remained below the $95 billion peak in 2021.
Founded by John and Patrick Collison, Stripe is a leading fintech company that provides merchants with tools to process online payments, manage their businesses, and streamline financial operations. Stripe's services include payment processing, billing, fraud prevention, and financial reporting, catering to businesses of all sizes globally. Sequoia's purchase highlights confidence in Stripe's sustained growth and market potential. This move not only provides liquidity for early investors but also reinforces Stripe's valuation amidst a competitive fintech industry.

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