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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

Plus, the chief of the CFPB stepped down at Biden’s request. Biden Asks Consumer Protection Chief Kraninger To Step Down. Monzo Founder Blomfield Steps Down. COVID-19’s Price Tag Leaves Large Hospitals At Financial Risk. Biden Expected To Name Professor Michael Barr To Head OCC. challenger bank.

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Jessica Alba’s Honest Company Faces A Down Round

PYMNTS

The big price tag on Honest Company, however, is as much a limitation as it is an honor. About a year ago, the firm was in negotiations with Unilever about a potential partnership or acquisition, but that price tag pushed them instead to grab up competitor brand Seventh Generation for $600 million. So, is Honest no longer a unicorn?

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The Difference Makers: Key Person(s) Valuation

Musings on Markets

While that effect tends to fade as businesses get larger, the tumult at Open AI, where the board dismissed Sam Altman as CEO, and then faced with an enterprise-wide meltdown, as capital providers and employees threatened to quit, illustrates that even at larger entities, a person or a few people can make a value difference.

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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

The pain started to become very evident on Wednesday (March 18), as the trade group that represents mall owners asked for a government bailout and big retail names started to put a price tag on the revenue losses they expected to incur. Simon closed all of its 209 malls effective Wednesday night. while opening hours will remain unchanged.

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Uber Ups Its Game With Scooters

PYMNTS

For instance, Chinese bikesharing company Mobike , which once attracted billions from big-name investors, said it is closing down all of its operations around the world, to focus solely on China. Laid-off team members were told that Mobike was ramping down its business, but they weren’t told why.

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The Robots Are Coming – And Some Are Already Here

PYMNTS

That’s a big price tag, but it’s not so bad when one considers that doing that using humans to perform that kind of plant surveying work would cost roughly $300,000. CEO Scott Gravelle of Attabotics told PYMNTS in a recent conversation that the company’s robotic wheeled shuttles bring goods to warehouse workers for packing and shipping.

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The Connected Devices We Never Knew We Needed

PYMNTS

And despite the switch of venue to cyberspace, one thing that remained unchanged was the prevalence of surprise appearances — all hoping to be the next big thing that, in the philosophy of Steven Jobs, will step up to the plate and show consumers what they want. So, why not build a better mask? Users will have the choice of 16.8