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Visa Looks to Up Its Game on Diversity: Equality Summit Update

Vaccine Gaps, Hiring Goals Lead Concerns: Equality Summit Update
Bloomberg
4 days ago
© Photographer: Matt Winkelmeyer/Getty Images
Calvin McDonald
(Bloomberg) A year into the global pandemic, key decision-makers at Bloomberg’s Equality Summit painted a sober picture of how the virus has compounded inequality, and reinforced that efforts to narrow the gaps remain a work in progress.
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Among the concerns is that the hoarding of vaccines by rich nations threatens the World Health Organization’s goal of getting 2 billion doses to poorer countries by the end of the year, according to the head of the world’s largest vaccine maker. On the corporate front, companies are still working on hiring policies that will help their workforces reflect the diversity of the U.S. And the shooting deaths of Asian women in Atlanta this week brought fresh focus to the rise in violence against Asian Americans. ....

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Visa, Plaid Scrap $5.3 Billion Deal Amid U.S. Antitrust Suit

Visa, Plaid Scrap $5.3 Billion Deal Amid U.S. Antitrust Suit
Bloomberg
1/12/2021
Jenny Surane
© Bloomberg
A Visa Inc. credit card is arranged for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, Sept. 18, 2018. Visa and Mastercard agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case.
(Bloomberg) Visa Inc., facing a prolonged antitrust fight with the U.S. Justice Department, walked away from a proposed $5.3 billion acquisition of Plaid Inc. aimed at expanding the card network’s services.
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The department sued to block the deal in November, accusing Visa of trying to buy the financial-technology firm to eliminate an emerging threat to its online debit business. Visa has said the government failed to provide “a shred of detail” about how Plaid’s products would ultimately compet ....

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