Iconic Producer Quincy Jones Lends His Expertise to the Quincy 100 Index
Iconic music producer Quincy Jones is lending his expertise to a new index, the Quincy 100 Index. The fund is made up of 100 companies will focus entirely on music streaming companies and businesses.
Donna Nairi is the founder and CEO of Iconicbeta, the group behind the development and licensing of the Quincy 100 Index. Nairi joins Cheddar to explain why they wanted to pursue a music streaming index. Nairi and Quincy Jones are both bullish on the field and see it as the future of music.
To be included in the index the international companies have to have at least $1 billion in market value. Nairi says while she cannot talk about it, future opportunities to invest and get involved in the Index should be available sometime soon.
Cloud contact center software company Five9's shareholders voted against the $14.7 billion all-stock acquisition deal from Zoom. A return to offices and in-person meetings have been cited for at least some of the reasons the deal ultimately fell through.
Autonomous car companies Waymo and Cruise are one step closer to offering driverless ridesharing in California after receiving approval from the state's DMV to begin charging fees for their services. Both companies still need approval from the California Public Utilities Commission before offering rides to the public.
Honda is looking to get more futuristic. The automaker announced a $45 billion, six-year investment into developing rockets, robots, and flying cars, noting that these areas of R&D are extensions of their core business.
The FAA has completed its investigation of Virgin Galactic’s Unity 22 test flight on July 12 after the aircraft flew out of protected airspace on its descent back to Earth. Virgin Galactic has been given the green light to resume flights but must request a larger share of protected airspace for future missions.
