Rivian revealed the specs and pricing details for its pivotal R2 SUV on Thursday, and the company also finally answered a long-burning question: When will customers be able to buy the promised $45,000 base model' That answer is 'late 2027,' according to the company's press materials. And there's a catch. The language Rivian uses now is that the base model R2 will be 'starting around $45,000.' That's a notable change from how the company was recently promoting that the R2 would be 'starting at $45,000' on its website. (Emphasis mine.) Also, a lot has changed since Rivian first revealed the R2 in March 2024. The $7,500 federal EV tax credit is gone. Legacy automakers have stopped buying regulatory credits from companies like Rivian, effectively ending a stream of what was ostensibly free money pouring into its coffers. President Trump's chaotic tariffs have increased the cost of components and materials Rivian uses to make its EVs. Sales of its R1T pickup truck and R1S SUV declined in 2025. Rivian is about to start constructing a giant factory in Georgia where it expects to build hundreds of thousands of R2 SUVs (and, eventually, R3 hatchbacks)....
Zohran Mamdani ran for mayor of New York City as a relentless champion of tenants, promising to freeze rents and attack bad landlords. For his fellow members of the Democratic Socialists of America, advocating for tenants means something more radical: maligning homeownership as capitalistic and inherently inequitable. Cea Weaver, the new director of the Mayor's Office to Protect Tenants, once declared it 'a weapon of white supremacy.' (She apologized, sort of. That's not 'how I would say things today,' she said after getting appointed.) Mamdani has pointedly distanced himself from such statements. He has noted that he once worked as a foreclosure-prevention counselor at a nonprofit, where 'my job each and every day was to keep low-to-middle-income homeowners in Queens in their homes,' he said, adding that homeownership is a 'critical pathway' to financial stability. The question is what policies he will pursue. In a move that seems intended as a bargaining chip with the state legislature, he recently floated a property-tax increase that would fall heavily on homeowners....
Soar, who previously led EY's global law practice, has recruited 10 partners ahead of the launch and plans to scale the firm rapidly. WTS UK aims to reach around 100 partners within five years, equivalent to roughly 60% of EY's UK tax practice. The business forms part of the international WTS network of tax advisory firms. EQT invested in the platform last year and is expected to provide more than '500m, approximately $540m, to support its expansion. Private equity investment in professional services has accelerated in recent years. Cinven acquired a majority stake in Grant Thornton UK in 2024, while Warburg Pincus pledged $300m to back the launch of advisory platform Unity Advisory. The launch highlights how private capital is reshaping professional services, historically dominated by partner-owned firms, as investors fund new platforms designed to compete with the industry's largest players. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
Sundar Pichai's new pay package could be worth $692 million. Per a filing first spied by the FT, Alphabet has structured a three-year deal for its Google CEO that could make him one of the highest-paid executives on the planet ' but most of it is tied to performance, including new stock incentives linked to Waymo and Wing, its drone delivery venture. What's striking is how little public fascination Pichai attracts compared to Google's founders. Larry Page and Sergey Brin ' the second- and fourth richest people in the world ' have lately captured headlines for a different reason entirely; both have been snapping up lavish Miami properties, widely seen as a response to California's proposed Billionaire Tax Act ' a ballot initiative targeting the state's roughly 200 billionaires with a one-time 5% levy on net worth exceeding $1 billion. Page reportedly spent over $173 million on two mansions in Coconut Grove, Florida, recently, while Brin was just linked to a $51 million megamansion 14 miles away, atop two earlier purchases totaling $92 million....
