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Silicon Valley Tech to Move Over Hospitable Tax Regulatory State


HEADLINES & GLOBAL NEWS
By  
Jan 24, 2021 12:36 PM EST
Silicon Valley Tech has decided to head on to Miami and Austin, Texas. Mayor seeks to persuade them to a more business-friendly climate promised in Miami.
Inhospitable regulatory and tax environment
In recent weeks, Mayor Francis Suarez of Miami has asked numerous questions from top managers in the tech world, from Tesla CEO Elon Musk to Twitter CEO Jack Dorsey. He also recently met with former Google CEO Eric Schmidt and Chairman Peter Thiel of Palantir.
There is no other secret sauce other than my Twitter account,  Suarez said as he shaved and prepared messages from technical managers for another day. There is absolutely no doubt that a significant part of the reason they are moving is that they feel there is an inhospitable regulatory and tax environment. ....

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Oracle Joins HPE, Tesla In Moving HQ To Texas


Oracle Joins HPE, Tesla In Moving HQ To Texas
“The California companies are not moving operations to Texas, but instead are mainly moving their headquarters. This seems to be mainly for taxes, or maybe for cheaper talent. But Silicon Valley has a reputation for talent,” says John Woodall, vice president of engineering west at General Datatech and long-time Silicon Valley resident.
By
Joseph F. Kovar December 14, 2020, 08:53 AM EST
Software vendor Oracle is following a couple of its high-tech peers, including Hewlett Packard Enterprise and Tesla, in uprooting its headquarters from California’s Bay Area.
Oracle, currently based in Redwood City, Calif., on Thursday officially changed its corporate headquarters location to Austin, Texas, as part of a flexible employee work location policy, a company spokesperson said via a statement emailed to CRN. ....

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MindMed Surges, Putting It at Forefront of Psychedelic Euphoria


MindMed Surges, Putting It at Forefront of Psychedelic Euphoria
Michael Bellusci, Bloomberg News
BC-MindMed-Surges-Putting-It-at-Forefront-of-Psychedelic-Euphoria
, Michael Bellusci
(Bloomberg) MindMed Inc. is leading the recent surge in psychedelic stocks as investors seek to capitalize on potential decriminalization in some jurisdictions.
Canadian-listed shares of MindMed have surged over 50% since the beginning of the month and have more than tripled since the end of October. Its market capitalization of over C$1 billion puts the company ahead of at least eight companies in Canada’s benchmark S&P/TSX Composite Index, according to data compiled by Bloomberg.
Psychedelic stocks have garnered more attention this year after Oregon became the first state to legalize medical use of psilocybin, the active ingredient in magic mushrooms, in November. ....

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