Vertical Farms Bet on Berries, Microgreens After Bankruptcies
Welcome to The Brink. I'm Georgia Hall in New York, where I looked at vertical farming companies bouncing back after a string of financial debacles. We also have news on Southern European banks, Essity and New World. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
After a spate of bankruptcies, the high-tech vertical farming industry is turning to trendy microgreens and berries to make their operations profitable.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
12 minutes ago
- Wall Street Journal
Private Credit and Wealth Strategies Boost Blackstone's Growth
Blackstone is betting its private-credit strategies and funds tailored to wealthy investors will continue to boost its earnings, as the asset manager reported strong returns for this year's second quarter. During a Thursday analyst call to discuss the results, Blackstone's leaders highlighted the fast expansion in the assets the New York-based firm manages across credit and insurance strategies, which as of June 30 totaled about $407.3 billion, a 23% increase from a year earlier. That made credit and insurance the fastest-growing of Blackstone's four broad investment segments, which also include real estate, private equity and multiasset investing. Blackstone at the end of June managed more than $250 billion for insurers alone across strategies such as investment-grade private credit and liquid credit, 20% more than a year earlier, President and Chief Operating Officer Jonathan Gray said on the call.
Forbes
an hour ago
- Forbes
Onward! A Personal Tribute To Ed Feulner (1941-2025)
Ed Feulner and three of his main intellectual inspirations: G.K. Chesterton, Russell Kirk, and F. A. ... More Hayek painting by Deborah Melvin Beisner. Photo of a copy of the painting in the author's possession Dr. Edwin J. Feulner Jr. was such a significant policy player for over 50 years that, although numerous leaders have already shared memories of how he influenced their lives, there is ample room for further tributes. I first heard of Ed, as he liked to be called, as an immigrant from Argentina in the late 70s. For me Ed was an immense inspiration and later an extremely generous mentor and advisor. I came to the United States in 1978 to study under Dr. Hans F. Sennholz at Grove City College. Sennholz had been a disciple of Ludwig von Mises and, though of course primarily a teacher, was very active as a speaker in conservative free-market circles. He introduced me to the work of Feulner at the Heritage Foundation. I finally met Feulner in September 1980, when I was invited to the Mont Pelerin Society (MPS) meeting held at the Hoover Institution. Feulner became a key member of the MPS, occupying several leadership positions. My acquaintance with Ed deepened starting in 1985 when I joined Antony Fisher, the founder of the Institute of Economic Affairs in London and later founder of the Atlas Economic Research Foundation. Fisher attempted to hire Feulner to lead the International Center for Economic Policy Studies (ICEPS, today the Manhattan Institute). In 1978, Fisher had been discussing the creation of a New York-based think tank with his friend William J. "Bill" Casey, then a New York lawyer. Just as Feulner was about to start his new job, the recently established Heritage Foundation made him a much better offer, and the rest is history. Although disappointed at not being able to hire him, Fisher remained friends with Feulner and invited him to speak at Atlas events. As in its early days Atlas was located in San Francisco, far from Heritage, at first, I mostly saw Feulner at the meetings of the Mont Pelerin Society. At one of those meetings, in Guatemala, I as a member of the program committee was able to invite Fr. Robert Sirico to speak. Sir John Templeton, who worked closely with Antony Fisher, attended the meeting as well. Following conversations during the meeting, Fr. Sirico decided to establish the Acton Institute for the Study of Religion and Liberty, and both Feulner and I were asked to be on Acton's founding board. At the end of our first Acton board retreat, I drove to the airport together with Ed. When I am with influential people, I ask the same questions: Whom do you always read? Who is doing great work, and should we support them more? And: What is the biggest problem we face today in our battle for freedom? I recall his answer to the latter vividly. It was in the mid 90's and Ed said: 'The young people who are joining the movement have a very shallow and superficial understanding of the principles of the free society. They join our think tanks, but they never went through the process of studying all the main works, the Founding Fathers, the great economists, Mises, Hayek, Friedman, conservative thinkers like Russell Kirk.' Feulner invested his time in organizations such as the Intercollegiate Studies Institute (ISI), where he served as a long-standing trustee and chairman. ISI aims to fill the void Feulner spoke of by creating fellowships and academic programs for talented young people. In addition to his role as a think tank leader, Ed Feulner also played a significant role in grant-giving foundations such as the Sarah Scaife Foundation, which supports dozens of policy think tanks. He also served as an inspiration for other foundations. A little-known fact is that Sir John Templeton, in starting his organization, included Feulner on its charter as one of the authors who should serve as a guide for its grants in the realm of free enterprise. The other authors who preceded him are Adam Smith, Ludwig von Mises, F.A. Hayek, Milton Friedman, William E. Simon, and Antony Fisher. Ideas never die, and Ed Feulner's views and legacy will continue to inspire many of us. In addition to his leadership at think tanks and philanthropic organizations, Dr. Feulner played a role in various political campaigns. He worked alongside Jack Kemp when he was vice presidential candidate with Bob Dole. He also joined the campaign for Trump's 2016 presidential run. In 2016, at a private meeting with freedom fighters from around the world, Ed told us: 'Trump put one condition, that if we disagree with a policy, like I did on tariffs, we keep our disagreement private.' Dr. Ed Feulner being recognized for his service to the Mont Pelerin Society during the Hong Kong ... More general meeting in 2014. Dr. Allan H. Meltzer (1928-2017), then president of the Society, at his side When in 2014 the Mont Pelerin Society asked me to help choose a gift for Ed Feulner, I had a unique opportunity to learn about what inspired him. Without revealing my intention, I asked him during a private meeting at his office which intellectuals had had the greatest impact on his life. He was quick to answer G.K. Chesterton, Russell Kirk, and F.A. Hayek. An artist who knew him well, Debby Beisner, captured his response in a beautiful painting. Books will be written about Ed Feulner and his legacy. For now, one of his favorite words suffices to remember his spirit: Onward!
New York Post
3 hours ago
- New York Post
Privateer Rum CEO Andrew Cabot was on an overseas work trip when Coldplay 'kiss cam' scandal broke: source
Privateer Rum CEO Andrew Cabot was on an overseas business trip when his wife Kristin Cabot was caught canoodling at a 'Coldplay' concert – and the couple's relatives were likewise blindsided by the scandal, a source close to the situation told The Post. The tipster said Cabot, the founder of the Massachusetts-based, high-end liquor maker, had been on a work-related trip to Japan and returned to find himself and his family in the middle of social media firestorm. [Andrew] was in Asia for a few weeks and returned on Saturday, so he was gone while all this went down,' said the source, who requested anonymity to discuss the situation. 'Poor guy.' Advertisement 5 Kristin Cabot pictured with Andrew Cabot in 2024. Maud Cabot/Facebook Multiple attempts to contact Andrew Cabot and Privateer Rum went unanswered. When The Post called Privateer Rum, the company's voicemail box was full. Kristin and Andrew Cabot married sometime after her previous divorce was finalized in 2022. The source said there had been little indication of any trouble in paradise before the Coldplay concert video went viral. Advertisement 'The family is now saying they have been having marriage troubles for several months and were discussing separating – which I find interesting since as of a month ago they were saying how in love they are,' the source added. 5 Andrew Cabot is part of one of the oldest and wealthiest families in Massachusetts. Boston Globe via Getty Images The Post was first to report that Kristin Cabot, whose maiden name in Stanek, was married to Andrew Cabot and that the pair had purchased a $2.2 million mansion in Rye, New Hampshire just five months before the scandal broke out. The Cabots were seen smiling and wearing wedding rings alongside two young kids in a Facebook post from May 2024. Advertisement Andrew Cabot is a member of one of the oldest and wealthiest families in Boston. The Cabots are one of the original 'Boston Brahmin' clans that controlled New England for centuries. 5 The home of Andrew and Kristin Cabot in Rye. LP Media A bio on Privateer's website says his 'ancestor, the original Andrew Cabot (1750-1791), was a merchant, rum distiller and successful American privateer during the American Revolution.' The brand — whose high-end bottles can retail for upwards of $100 each — touts its strict use of authentic ingredients and 'Made in the USA' pedigree. Advertisement 'One thing is certain,' one ad advises. 'Privateer advocates transparency, honesty and purity.' 5 Andy Byron (3rd from left) and Kristin Cabot (far right) in an undated photograph. Bain Capital Ventures Kristin Cabot's now-deleted LinkedIn account showed that she has served as an 'advisory board member' at Privateer Rum since September 2020. Andy Byron, the now-ousted CEO of New York-based software firm Astronomer, was caught canoodling on the jumbotron 'kiss cam' at Gillette Stadium. wit Kristin Cabot, the company's head of HR. Both scrambled to get out of sight, prompting Coldplay frontman Chris Martin to joke, 'Either they're having an affair or they're just very shy.' 5 Andy Byron and Kristin Cabot were caught canoodling at a Coldplay concert. Grace Springer via Storyful Astronomer placed both Kristin Cabot and Byron on leave while they investigated the incident. By last Saturday, Byron had resigned, with Astronomer cofounder Pete DeJoy taking over as the new interim CEO. So far, Kristin Cabot has yet to be fired.
