Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.
Palantir Technologies is one of the oldest unicorn startups in Silicon Valley. It’s now preparing to step out of the shadows and enter the public markets, as Becky Peterson reported this week.
It’s known around the world as a magical enabler of government surveillance thanks to its close relationships with contentious agencies like US Immigration and Customs Enforcement, various police forces, and the military. Its founder Peter Thiel’s close relationship with President Trump has only intensified fears around its technology.
But this reputation doesn’t tell the full story. Behind the scenes, much of Palantir’s work is par for the course in enterprise software, and the company has struggled to build a business model that matches its outsized reputation.
You can read her story in full here:
- Palantir Technologies could be the next company to go public in a direct listing. Spotify and Slack give clues to what that could look like.
- These 11 people should grow from rich to richer if Palantir has a successful IPO
Hot biotech startups
It’s a critical time to be in the biotech business, as companies race to find new ways to treat and prevent the novel coronavirus. With all eyes on the industry, Andrew Dunn and Lydia Ramsey Pflanzer asked 12 top biotech venture capital investors which startups they think are poised to take off in the next year.
They asked the investors to name startups from their firms’ portfolios, and ones they haven’t invested in. For some, that meant looking outside of drug development entirely to diagnostic companies testing for conditions including COVID-19, like Sherlock Biosciences. Others opted to pick companies finding new ways to tackle untreatable conditions, like Dewpoint Therapeutics.
You can read the list in full here:
- 10 healthcare startups that could be M&A targets after Teladoc’s record-breaking $18.5 billion deal for Livongo
- Subscribe to Dispensed, our daily healthcare newsletter, for more dispatches from the team.
A rare look at pay and wrangling over clients at a Big 4 firm
PwC has been hit with a $15 million lawsuit that provides a rare look behind the curtain on partner compensation and disputes over credit, writes Jack Newsham.
John Cahill, a former tax partner based out of the Big Four firm’s Minneapolis office, said he was recruited from a senior role at an asset management firm and soon brought in a client worth $10 million in annual business to PwC, smashing the performance goals that had been set for him. But Cahill claims he was forced to share credit for the job with other partners and ultimately was pushed off the engagement.
He claims in his lawsuit that he’d originally been told that he was the most successful “catalyst partner” PwC had ever hired, but was ultimately forced to leave the firm this summer. PwC has denied the claims and has asked a New York court to make Cahill arbitrate them privately.
You can read the story in full here:
Twice a month, we take an expansive look at how your gender identity informs your career. Recent editions have covered the future of working parenthood and the path to pay equity. (Spoiler alert: This week we’ll talk about Kamala Harris’ spot on the Democratic ticket.)
Second, I want to highlight the work of our parenting editor Eleanor Goldberg. Like many of you, I’m a working parent currently struggling to juggle the two. I’ve found Eleanor’s stories enormously helpful, so I hope you do too.
- How to start an education ‘pandemic pod’ for less than $100
- Parents are clamoring to send their kids to outdoor schools that could be safer than indoor classrooms
- The YMCA provided childcare to 40,000 kids during lockdown and said it didn’t see any coronavirus outbreaks. Here are 11 precautions it took that worked.
As always, please get in touch with any feedback, on the Gender at Work newsletter, our parenting coverage, or anything else. I’d love to hear from you. Just reach out at email@example.com
Below are headlines on some of the stories you might have missed from the past week.