Good Wednesday. (Was this email forwarded to you? Sign up here.)What to watch for at today’s DealBook Conference
Some of the biggest newsmakers at the intersection of business and policy will join Andrew onstage today for candid conversations focused on the hot-button issues of our time: inequality and corporate America’s role in society, the challenges of Silicon Valley’s scale, the streaming wars, the upcoming presidential election, the trade war with China, the future of I.P.O.s, the influence of “influencers” and the crisis at Boeing.
You can find updates from the conference on our live briefing all day long. But first, here are some of the biggest names we’ll hear from over the course of the day:
• Dennis Muilenburg, the Boeing C.E.O., will be asked about the decisions that preceded the crashes of the company’s 737 Max jets, whether he can regain the trust of regulators and the public, and what happens next. (More news about Mr. Muilenburg below.)
• Dara Khosrowshahi, the C.E.O. of Uber, will talk about the shifting landscape in Silicon Valley and the revaluing of its so-called unicorns.
• Kris Jenner and Kim Kardashian West will discuss new power influencers and individual brands on social media.
• Bill Gates, the software pioneer-turned-philanthropist, will discuss climate change and the political debate on wealth, inequality and capitalism.
• Reed Hastings, the Netflix C.E.O., will talk about how he thinks the streaming wars will transform the TV and movie industry.Xerox considers a takeover of HP
The copier maker Xerox is considering a cash-and-stock bid for the computer company HP, a move that would unite two fading tech giants that are scrambling to restore their luster, reports Cara Lombardo of the WSJ, citing unnamed sources.
With a market value of $27 billion, HP is more than three times the size of Xerox. Any bid would be at a premium to HP’s current stock price, sources said. Xerox’s board reportedly discussed the potential deal yesterday.
Bolstering its chances, Xerox expects a $2.3 billion payout from the sale of its 25 percent stake in a joint venture with Fujifilm. Its stock rose about 5 percent yesterday on news of the deal with Fujifilm. And Xerox has received an informal funding commitment from a major bank, Ms. Lombardo reports. HP shares are down 10 percent this year.
Both companies are in cost-cutting mode, Ms. Lombardo writes, and a merger could afford new opportunities to shed expenses, by as much as $2 billion, according to her sources.
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