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INX:GS, Oct 17, 01:48 UTC

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EVERFI CEO Tom Davidson Honored by Goldman Sachs for Entrepreneurship

GS

Davidson is the founder and CEO of EVERFI, Inc., the leading provider of educational technology for some of society’s most pressing challenges. Since starting the company in 2008, Davidson has led EVERFI from a startup in a D.C. apartment to an international organization with more than 4,300 customers comprised of Fortune 500 companies, top financial institutions, sports leagues, and highly-regarded colleges and universities. This marks the third time that Davidson has received this recognition from Goldman Sachs. “I am honored to be recognized among such an accomplished group of entrepreneurs,” said EVERFI Founder and CEO, Tom Davidson. "Our Builders + Innovators Summit brings together a collective of impressive future leaders who are striving to drive meaningful change. For 150 years, Goldman Sachs has supported entrepreneurs as they launch and grow their businesses. That’s why we are pleased to recognize Tom Davidson as one of the most intriguing entrepreneurs of 2019."

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League Honored by Goldman Sachs for Entrepreneurship

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SANTA BARBARA, Calif. , Oct. 16, 2019 /CNW/ -- Goldman Sachs (GS) is recognizing Mike Serbinis, League Inc. Goldman Sachs selected Serbinis as one of 100 entrepreneurs from multiple industries to be honored at the three-day event. "Our Builders + Innovators Summit brings together a collective of impressive future leaders who are striving to drive meaningful change. For 150 years, Goldman Sachs has supported entrepreneurs as they launch and grow their businesses. That's why we are pleased to recognize Mike as one of the most intriguing entrepreneurs of 2019." In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders, as well as resident scholars. For more information on how League can provide your company an enhanced employee experience, click here.

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'The plumbing isn't broken': Goldman Sachs' CEO says WeWork's failed IPO could improve private markets

GS WEW

WeWork's collapsed initial public offering isn't proof that private markets are broken, and it could even change them for the better, Goldman Sachs CEO David Solomon said on the bank's third-quarter earnings call. "I think the IPO process is alive and well in the United States." Solomon predicted the WeWork fiasco could fuel a shift towards smaller investments, faster flotations, and greater transparency in private markets. "We are going to see a rebalancing of this process of private capital formation, the size and the magnitude of that private capital formation and the period of time with respect to which people get to the public markets," Solomon said. Goldman Sachs — one of the top underwriters for WeWork's IPO — revealed an $80 million write-down on its stake in the company this week. However, the bank said the investment remains profitable.

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Karen Behnke, Juice Beauty's Founder Honored by Goldman Sachs for Entrepreneurship

GS ULTA

In 2018, Behnke took her vision of "Farm to Beauty" even further by purchasing a 20-acre farm located in the heart of the Sonoma Wine Country in Healdsburg, California and the farm will further bring to life Juice Beauty's mission and values, and will grow their antioxidant-rich ingredients including organic grape and organic olive. "I started when women in business weren't widely accepted and I am proud that I've broken barriers not only for women, but in industries that I've helped pioneer - from corporate wellness in the early 1980's to now organic beauty! I set out to radically transform the beauty industry and it is such an honor to be recognized by such a reputable company as Goldman Sachs." "Our Builders + Innovators Summit brings together a collective of impressive future leaders who are striving to drive meaningful change. For 150 years, Goldman Sachs has supported entrepreneurs as they launch and grow their businesses. That's why we are pleased to recognize Karen Behnke as one of the most intriguing entrepreneurs of 2019." "We spend a lot of time interviewing our peers, women who have built careers on Instagram, throwing themselves into building online engagement and great digital branding. But today, we have the pleasure of introducing a woman who got there first, breaking boundaries, pushing limits, and embracing the tenets of organic and sustainable goods long before hashtagging was a thing. Meet Karen Behnke, a beauty industry pioneer who, since the 1980s, has dedicated her life to knowing exactly what we're putting in, and on, our bodies."

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Illumio CEO Honored by Goldman Sachs for Entrepreneurship

GS ILL

Goldman Sachs selected Andrew as one of 100 entrepreneurs from multiple industries to be honored at the three-day event and has previously awarded him with this recognition in 2015, 2016, and 2017. "Our Builders + Innovators Summit brings together a collective of impressive future leaders who are striving to drive meaningful change. For 150 years, Goldman Sachs has supported entrepreneurs as they launch and grow their businesses. That's why we are pleased to recognize Andrew as one of the most intriguing entrepreneurs of 2019." With expertise in the areas of network security and compliance management and a list of impressive mentors, Andrew founded Illumio – a cybersecurity leader delivering security segmentation – in 2013. Despite Andrew's lack of Silicon Valley experience and background, he built a robust list of investors and advisors for Illumio, including Microsoft Chairman John W. Thompson, Salesforce CEO Marc Benioff, and Yahoo Co-Founder Jerry Yang, along with institutional investments from J.P. Morgan Asset Management, Andreessen Horowitz, General Catalyst, Formation 8, BlackRock Funds, Accel Partners, and Data Collective. As of this year alone, Andrew oversaw year-over-year growth that includes a 120 percent increase in customers outside of the U.S., an 80 percent increase in overall customers, and an 81 percent increase in protected workloads.

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Tuesday, October 15


News

Apple and Goldman Sachs are being picky about who gets an Apple Card

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"The approval rates early on have been lower," Goldman CEO David Solomon said on the bank's third-quarter earnings call, adding that the bank is favoring applicants with excellent credit scores. "That's a decision Goldman Sachs is making as the bank, but we're doing that in concert with Apple." "They are keeping their underwriting standards high, and are able to be picky about who to approve, because there is so much demand for the branding, convenience, and new features of the Apple Card," Benjamin Keys, an associate professor at the University of Pennsylvania's Wharton School, told Markets Insider. "Keeping approval rates low suggests that at least initially Apple wants to focus on low-risk (higher credit score) customers who will use the card transactionally and generate interchange fees, rather than catering to higher-risk customers who may be charged high interest rates but also default at an elevated rate," he added.

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JNJ, JP Morgan and UnitedHealth all Beat, Goldman Sachs Misses

JNJ UNH +1 more JNJ UNH GS

The broad US equity markets rallied to within about 1% of all-time record highs last seen in July on Tuesday as earnings season got rolling with solid beats from JP Morgan Chase (JPM), Johnson and Johnson (JNJ) and UnitedHealth Group (UNH). The world’s largest drug maker Johnson and Johnson largely shrugged off concerns about product liability legal troubles, posting strong revenue growth in several of its prescription drugs and net earnings of $2.12/share. Though thousands of lawsuits are pending because of safety issues with the prescription antipsychotic drug Risperdal as well as talc and opioids, Tuesday’s report demonstrated that JNJ’s core businesses in pharmaceuticals, consumer goods and medical devices remain strong. Click to get this free report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Coca-Cola Company (The) (KO) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Goldman Sachs announces $80m loss on WeWork investment

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Goldman Sachs has so far lost $80m on its investment in WeWork, the troubled office rentals group, the bank said on Tuesday. The valuation of its stake in WeWork fell after We, as the company is known, was forced to pull plans for an initial public offering that would have been led by Goldman and JP Morgan. Goldman initially declined to break out its losses on WeWork, but on a conference call with analysts, Stephen Scherr, the chief financial officer, said Goldman had decided to make the loss public because it had “got quite a bit of notoriety in the press”. Once the world’s US’s most highly valued private company, WeWork is now facing a cash crunch as it burns through its remaining money.

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Goldman Sachs' quarter soured by disappointing banking revenue, write-downs for Uber and other investments (GS)

GS UBR

Goldman Sachs' quarter soured by disappointing banking revenue, write-downs for Uber and other investments (GS). The bank traded as much as 1.9% lower after missing analyst estimates for quarterly earnings per share. Goldman Sachs reported third-quarter earnings that missed analyst estimates on Tuesday morning. The investment bank also took a $267 million markdown on public investments in companies like Uber and Tradeweb Markets.

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