Isomorphic Labs raised $600 million in its initial external funding round to enhance artificial intelligence applications in drug development. Thrive Capital led this round, supported by Google Ventures and existing investor Alphabet. Isomorphic Labs, formed from Google DeepMind in 2021, aims to advance its AI drug design engine and clinical programs. This funding follows significant raises in the AI-driven biotech sector, including Xaira Therapeutics, which secured $1 billion, and Formation Bio, which raised $372 million. Thrive Capital, co-founded by Joshua Kushner, has also led major investments in Databricks and OpenAI.

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The French Competition Authority fined Apple 150 million euros (about 162 million dollars) due to the implementation of its App Tracking Transparency feature. This feature, launched in April 2021, requires apps to obtain user consent before collecting data for personalized advertising. The authority found the rollout overly complex, overwhelming users with numerous consent requests and adversely affecting smaller app developers. The fine covers the period from April 2021 to July 2023, representing a small fraction of Apple's revenue, which reached 124 billion dollars in a single quarter last year. Apple stated that it seeks to offer clearer privacy choices but expressed disappointment with the ruling, noting that no changes to the system were mandated by the authorities.

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Seven startups raised over $100 million in funding during the week of March 28, 2025. Fleetio, a fleet management software provider, secured $450 million, valuing it at over $1.5 billion. Mercury, a fintech company, raised $300 million, increasing its valuation to $3.5 billion. Island raised $250 million for its enterprise browser, reaching a valuation of $4.8 billion. Aura, focused on consumer cybersecurity tools, secured $140 million, valuing it at $1.6 billion. Supira Medical raised $120 million for medical devices, while Nexthop AI secured $110 million for AI infrastructure solutions. Additionally, the electric mobility company Also raised $105 million, Heartflow raised approximately $98 million for coronary care technology, Character Biosciences obtained $93 million for drug development, and Omaha Productions secured $80 million for media production. The largest round this week came from the U.K.-based Level, which raised nearly $136 million for financial services.

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President Trump announced new tariffs on auto imports, aiming to reshape labor politics and influence voter loyalty ahead of future elections. The proposed 25% tariffs on imported vehicles and additional tariffs on products from Canada, Mexico, and China have received mixed reactions. A prominent auto worker union leader, previously critical of Trump, shifted support based on these tariffs, while some Democrats in auto-producing states view the tariffs as beneficial for U.S. jobs. Conversely, other Democrats warn of potential inflation and increased consumer costs. Union leaders, including United Auto Workers President Shawn Fain, express concerns about union rights, Social Security, healthcare, and job dignity, while remaining politically independent. Many Republicans favor the tariffs, leading to divisions within the political landscape regarding their long-term implications. Learn more on this news visit us at: https://greyjournal.net/news/

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President Trump proposed tariff reductions on Chinese goods in exchange for cooperation on a deal regarding TikTok, as the April deadline approaches. He suggested that the current 20% tariff could lower if it aids in resolving the TikTok sale. TikTok must find a new owner or face a potential ban; the deadline was initially set for January but extended to April 5. Various parties, including Kevin O'Leary and Frank McCourt, have expressed interest in purchasing TikTok, with an offer of $20 billion. Analysts estimate TikTok's value at over $100 billion due to its large user base of 170 million in the U.S. A ban on TikTok could impact U.S. small businesses and creators, leading to potential revenue losses exceeding $1 billion within a month. Learn more on this news visit us at: https://greyjournal.net/news/

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The U.S. economy showed a growth rate of 2.4% in the fourth quarter of 2024, driven by increased consumer spending. The Commerce Department revised its previous growth estimate for this quarter. For context, the economy grew at 3.1% in the third quarter of 2024. The overall growth for the entire year of 2024 reached 2.8%, reaffirming the U.S. as the largest economy globally.

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The U.S. Education Department reopened applications for income-driven repayment plans for student loan borrowers after a court ruling previously halted them. The ruling blocked the Biden administration’s Savings on a Valuable Education Plan, complicating renewals for borrowers. The American Federation of Teachers filed a lawsuit to expedite processing. These delays impacted the relief available to borrowers, particularly those in the Public Service Loan Forgiveness program. The Student Borrower Protection Center noted that unprocessed applications hinder support. While online applications were unavailable, the department continued processing paper applications. Income-driven repayment plans adjust monthly payments based on income and family size, requiring periodic eligibility verification. Advocates recommend borrowers prepare for potential delays and select appropriate repayment plans. The Federal Student Aid office faced staffing reductions, raising concerns about support levels, though the administration claims service delivery remains unaffected.

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Warren Buffett's Berkshire Hathaway announced the winner of their March Madness bracket contest after over a decade. This individual predicted the outcomes of all 63 NCAA tournament games, a first in the contest's history. The contest highlights the blend of sports and financial incentives, attracting numerous participants each year. The $1 million prize generates excitement for basketball fans and fosters community spirit during the tournament.

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Dollar Tree sold its Family Dollar chain to Brigade Capital Management and Macellum Capital Management for over $1 billion, marking a shift to private ownership. The sale is set to close in the upcoming quarter, separating Family Dollar from the public Dollar Tree company. Dollar Tree acquired Family Dollar for $8.81 billion a decade ago but encountered challenges in integrating the two businesses. Analysts point out that Dollar Tree and Family Dollar serve different markets: Dollar Tree operates mainly in suburban areas while Family Dollar focuses on urban regions. Family Dollar faced issues including inflation and theft, struggling to compete with larger retailers like Walmart and Amazon. In light of financial difficulties, Dollar Tree planned to close around 1,000 underperforming Family Dollar stores. The previous year brought significant financial losses and a fine from the U.S. Justice Department for food safety violations.

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The U.S. has added over 50 Chinese companies to its export control list due to military concerns, targeting firms involved in supercomputing, artificial intelligence, and quantum technology. In total, around 80 companies from various countries, including Taiwan, Iran, Pakistan, South Africa, and the UAE, are affected. The Inspur Group and the Beijing Academy of Artificial Intelligence are among those listed, with the latter expressing strong opposition. China's Foreign Ministry condemned the U.S. action, claiming it violates international law and seeks to suppress Chinese enterprises. The U.S. aims to restrict China's access to advanced supercomputers and military technologies. The new measures coincide with increased tariffs on Chinese imports, which currently stand at 20%, with an additional 25% tariff on nations importing oil or gas from Venezuela. In retaliation, China has implemented new tariffs on American goods and initiated investigations into companies like Google.

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