Business

Plus: VC deals retreat | Saturday, July 29, 2023   Open in app View in browser     Axios Pro Rata By Kia Kokalitcheva · Jul 29, 2023 Hello Saturday. I'll be off next week to drink sangria for my birthday! 🍷 🤫 Reminder: Feel free to send me tips or comments by replying to this email or on Twitter @imkialikethecar (or ask me for my Telegram or Signal number). Today's Smart Brevity™ count is 893 words — a 3½-minute read.     1 big thing: Judiciary fight chills Israel's startup-land Illustration: Natalie Peeples/Axios   With the Israeli government this week passing the first in a series of significant changes to its judicial system, the country's startups and investors are bracing themselves for turbulence. Why it matters: Israel may have less than a quarter of California's populatio...

Plus: Biogen spends big | Friday, July 28, 2023   Open in app View in browser     Axios Pro Rata By Kia Kokalitcheva · Jul 28, 2023 Congrats, we made it! You'll see me one more time in your inbox, tomorrow, before Dan returns as your news captain for Monday's newsletter.     Top of the Morning Illustration: Sarah Grillo/Axios   The IPO window is still only slightly cracked open , but aviation travel company Surf Air debuted on the New York Stock Exchange yesterday via direct listing. Why it matters: Direct listings are still few and far between, so Surf Air's came with its own unique set of circumstances, including an opening trade nearly 75% below its reference price, and a simultaneous merger with another company. Zooming in: Surf Air began trading at $5 — far below its $20 reference price...