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Axios

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Canva raises $200 million at $40 billion valuation

Canva, an Australian design software company, raised $200 million at a $40 billion valuation led by T. Rowe Price.

Producer prices are still moving up as inflation concerns linger

Producer prices increased by more than expected in August, a reminder that inflation pressures continue to linger in the economy.

Defense contractors generated $7.35 trillion since 9/11

Like many human tragedies, 9/11 was great news for defense contractors. Over the course of the past 20 years, they've brought in a stunning $7.35 trillion in revenue, according to a Defense News database. The overwhelming majority of that money came from the Pentagon.

PayPal to acquire Japanese “buy now, pay later” firm Paidy for $2.7 billion

Nasdaq: PYPL) agreed to acquire Paidy, a Japanese installment payments enabler, for around $2.7 billion.

More than 7 million people lose unemployment benefits on Labor Day

More than 7 million unemployed people will lose their jobless benefits on Monday after federal programs expire, according to the Washington Post.

Chip shortage forces General Motors to idle North American plants

General Motors will temporarily shut down eight of its 15 North American assembly plants for a week starting Monday because of a worsening global microchip shortage, according to ABC News.

Biden’s issues order on declassification review of 9/11 documents

President Biden signed an executive order on Friday directing the Department of Justice and other relevant agencies to pursue a declassification review of documents related to the FBI's investigations of the 9/11 attacks.

Podcasting app Callin raises $12 million in Series A funding

Callin, a San Francisco-based social podcasting app, raised $12 million in Series A funding co-led by Sequoia Capital, Goldcrest Capital and Craft Ventures (which incubated the company).

Intuit in talks to buy Mailchimp for more than $10 billion

Intuit, the maker of TurboTax and QuickBooks, is in talks to buy Mailchimp, an Atlanta-based email marketing company, for more than $10 billion, per Bloomberg.

China takes aim at private funds

China's increased scrutiny of capital markets isn't restricted to tech IPOs. It's also taking a harder look at private funds.

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