July 4, 2024
Funds

Texas orphan well backlog grows, even as federal funds flow

An old oil well leaks salt water and oil on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer Hawk Dunlap shows a stick, reeking of crude oil after dipping it until an improperly plugged well on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer That should have been enough to plug an additional 800 oil wells beyond

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Crypto

Crypto ‘dark money’ lobbies as industry aims to influence 2024

Jtsorrell | Istock | Getty Images A new mysterious nonprofit group backed by the crypto industry has set up a mailing address about 100 miles away from Washington, D.C., and is making movies to exert power in the nation’s capital. The Cedar Innovation Foundation, a 501(c)(4) that was incorporated in Delaware in April, has launched

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Investment

Goldman Sachs Closes $650M Fund to Invest in ‘Golden Era’ of Biotech Innovation

Goldman Sachs Asset Management has expanded to biotech investments in recent years. The investment firm is now preparing to ramp up its investment activity in the sector with a new $650 fund, its first one dedicated to the life sciences. Goldman on Wednesday announced the final close of the new fund, called West Street Life

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Investment

What Will Digital Health Investment Look Like in 2024?

The healthcare sector’s share of the global private equity and venture capital deal count is likely to continue decreasing in 2024, according to a new Pitchbook report. Healthcare’s share of the global private equity deal count reached its peak in 2020 at 13.7%. This year, it fell to 10.8%, its lowest level since 2015. The

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