Trade and Commerce
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How a $24 million price gap ended Covenant’s 24-year run screening passengers at SFO
Federal contract records, a state layoff notice and a rejected bid protest show how the Transportation Security Administration chose a new screening contractor for San Francisco International Airport, and what the Dec. 1 handoff means for…
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Marvell agrees to buy Lumentum in an all-stock deal valued at about $115 billion
The Santa Clara chipmaker is betting that pairing its electrical connectivity chips with San Jose-based Lumentum’s lasers and optics will win the next phase of the AI data center buildout, but investors sent both stocks sharply…
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Anthropic’s IPO filing shows $16.3 billion in half-year revenue and an $80.7 billion net loss
A close read of the San Francisco AI company’s S-1 finds revenue up 1,300 percent, a loss driven by noncash charges and a trust that elects most of the board.
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The AI super PAC Greg Brockman helped launch has taken in no new donations since February, filings show
Leading the Future, which received $25 million from the OpenAI president and his wife, reported no contributions for the second and third quarters and is heading into Election Day with about $23.8 million unspent, according to…
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Joe Gebbia’s Eames museum plan for Novato puts a quiet patron in the spotlight
The Eames Institute, which counts the Airbnb co-founder as a founding donor, has filed plans for a 185,000-square-foot design museum on the former Birkenstock campus while saying little about how much of its money comes from…
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Dropbox and Front file notices for 110 San Francisco layoffs as Bay Area tech cuts outpace 2025
State filings show 57 Dropbox jobs and 53 at the customer-service software maker Front ending in the city, part of a wave of tech cuts that by one count has already passed last year’s total.
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Netflix files to lay off 227 at its Los Gatos headquarters as eBay cuts 229 in San Jose
State layoff notices put the first hard Bay Area numbers on two companywide cuts of roughly 1,000 jobs each, at companies that say their businesses are growing.
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Max Levchin’s Affirm becomes Sam’s Club’s exclusive pay-over-time provider
The San Francisco lender, founded and run by Max Levchin, returns to the Walmart family of stores 19 months after losing Walmart’s own business to Klarna.
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The Baszuckis’ $20 million bet on metabolic psychiatry
The philanthropy of Roblox founder David Baszucki and author Jan Ellison Baszucki is paying for a new McLean Hospital center built around a treatment the couple credits with their son’s recovery.
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Chris Larsen has put $2.1 million into San Francisco’s November ballot
Ethics Commission filings show the Ripple co-founder bankrolling Mayor Daniel Lurie’s charter overhaul and a District 10 candidate, while his company backs a Muni parcel tax.