In his initial acts as the 46th US president, President Biden signed 15 executive orders - the first to boost the federal response to the coronavirus crisis.
Other orders reversed the Trump administration's stance on climate change and immigration.
ARK Investment Management, the firm run by Cathie Wood, is joining the financial industry’s shift south to Florida.
ARK is closing its New York office permanently at the end of October and relocating its corporate headquarters to St. Petersburg,
The firm, will build an innovation center meant to “retain and attract top talent” in the Tampa Bay region.
Florida has seen a burst of interest from investment firms since the start of the pandemic as the work-from-home revolution pushes companies to reconsider their presence in pricey business hubs such as New York and San Francisco, with much of that interest in Palm Beach and Miami.
Florida’s lower taxes have proved popular for the finance industry, particularly after Covid-19 walloped New York. So far, many of the moves tend to be satellite or second offices, with relatively few headquarters.
ARK joins Paul Singer’s Elliott Investment Management in setting up a Florida headquarters. The hedge fund is moving to West Palm Beach from Manhattan. Just a "high Tax" thought.
Although employers have a free hand to divide workers because vaccination status isn’t a legally protected category, such a policy would be burdensome to administer and likely generate resentment among workers on a topic that’s become politically charged, attorneys said.
Segregating workers also raises potential legal risks, as some workers can’t get vaccinated due to health conditions or religious objections. Workers can refuse the jab based on disability or religious belief, so employers could then face allegations of bias against those workers if they suffer negative consequences as a result of being segregated.
Letting go of Healthcare workers who carried the country through its darkest time with no PPE, no vaccines, and now come up with that is unfair and un-Ethical.
Just a thought.
