Jyoti Bansal, who previously sold his software company AppDynamics to Cisco for $3.7 billion, is now leading two startups – Harness and Traceable – which are set to merge. The combined company will have 1,100 employees, $250 million in expected 2025 revenue, and a valuation of $5 billion. Bansal’s goal is to have an active stock ticker this time, as he felt unfulfilled after selling AppDynamics and started Big Labs to explore new startup ideas.
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Higher U.S. tariffs officially in effect on dozens of nations
President Trump initiated higher import tariffs on over 60 countries, with rates of 10% or more beginning Thursday, as the U.S. economy showed signs of strain from previous tariff threats, including stalled hiring and inflation. While Trump touted the tariffs as a means to boost manufacturing and reduce the trade deficit, economists warn of potential long-term economic erosion and uncertainty surrounding their impact. Want More Context? 🔎
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