Lauren Hirsch Profile Banner
Lauren Hirsch Profile
Lauren Hirsch

@LaurenSHirsch

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Reporter at @DealBook for the @NYTimes . Formerly @CNBC @Reuters . @Cornell alum & @TuckSchool MBA. lauren.hirsch @nytimes .com

New York, NY
Joined February 2014
Don't wanna be here? Send us removal request.
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@LaurenSHirsch
Lauren Hirsch
2 years
Elon Musk speaking at Baron Investment Conference Re Twitter, as we know: "I tried to get out of the deal!"
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@LaurenSHirsch
Lauren Hirsch
1 year
Per new bankruptcy filing, BlockFi has $227m in Silicon Valley Bank. The bankruptcy trustee warned them on Mon that bc those funds are in a money market mutual fund, they’re not FDIC secured — which could be a prblm w/ keeping in compliance of bankruptcy law
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@LaurenSHirsch
Lauren Hirsch
3 years
Charles Schwab is discontinuing its PAC. It will donate all remaining funds to The Boys & Girls Club of America and Historically Black Colleges and Universities. Will others follow?
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@LaurenSHirsch
Lauren Hirsch
2 years
Musk on loss of advertisers: "We've done our absolute best to appease them. And nothing has worked."
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@LaurenSHirsch
Lauren Hirsch
4 years
New: IBM CEO Arvind Krishna sent a letter to Congress Monday advocating for policies tackling racial injustice - and announcing some news: The comp is getting out of the facial recognition business, after criticism the tech has racial and gender bias.
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@LaurenSHirsch
Lauren Hirsch
3 years
“The main problem with moving to Florida is that you have to live in Florida,” said Jason Mudrick, who oversees $3 billion at Mudrick Capital Management and has resided in Manhattan for more than two decades.
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@LaurenSHirsch
Lauren Hirsch
2 years
Musk on Twitter:" "Given how the market has evolved this year, the price is on the high side" He thinks it can ultimately be "one of the most valuable companies in the world"
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@LaurenSHirsch
Lauren Hirsch
2 years
Musk on multiple job responsibilities. Once Twitter is set on the right path, I think its much easier to manage than SpaceX
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@LaurenSHirsch
Lauren Hirsch
2 years
You would not believe how many corp law professors are free to talk on a Friday night
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@LaurenSHirsch
Lauren Hirsch
2 years
Musk: "It is not okay to engage in hateful conduct on Twitter"
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@LaurenSHirsch
Lauren Hirsch
2 years
Musk on layoffs: "To be frank, Twitter was having pretty serious revenue challenges and cost challenges before the acquisition started. "
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@LaurenSHirsch
Lauren Hirsch
2 years
NEW: McDonald's is leaving — not pausing — its Russian operations. It plans to sell its Russian business to a local buyer. It will “de-arch” those restaurants, meaning they will no longer use the McDonald’s name, logo or branding. $MCD
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@LaurenSHirsch
Lauren Hirsch
3 years
You can now use dogecoin to pay for tickets and merchandise for the Dallas Mavericks. @el72champs @dealbook Why? “Because we can!” Mark Cuban says.
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@LaurenSHirsch
Lauren Hirsch
2 years
Per newly public court filing, Elon Musk had cancelled his Sept 28 deposition bc of “Covid exposure risk”
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@LaurenSHirsch
Lauren Hirsch
4 years
Brooks Brothers began to evaluate which of its roughly 250 North American stores to close in early April. It has already decided to close about 51.
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@LaurenSHirsch
Lauren Hirsch
3 years
The FDA is pushing to approve Pfizer-BioNTech’s two-dose Covid-19 vaccine on Monday.
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@LaurenSHirsch
Lauren Hirsch
3 years
Per internal memo on Fri, Citi will pause all campaign contributions through its PAC this quarter. The bank says it gave $1,000 Sen. Hawley “who represents a state in which we have a significant employee presence.” $C “We will not support candidates who do not support the law.”
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@LaurenSHirsch
Lauren Hirsch
4 years
I am *so* excited to share that today is my first day at the @nytimes , where I'm joining the amazing team at @dealbook - @m_delamerced @jkaraian @andrewrsorkin You should definitely sign up:
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@LaurenSHirsch
Lauren Hirsch
2 years
Letter from Wachtell to Musks lawyers yesterday
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@LaurenSHirsch
Lauren Hirsch
3 years
Visa spokesperson: “Last week the Visa PAC temporarily suspended all political donations as we review our candidate contribution guidelines.”
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@LaurenSHirsch
Lauren Hirsch
4 years
There’s growing concern debt collectors could come for the direct payments when they start to go out. ⁦ @HawleyMO ⁩ & ⁦ @SenSherrodBrown ⁩ want the Treasury to step in before that happens.
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@LaurenSHirsch
Lauren Hirsch
2 years
President Biden will announce new steps on Tuesday to fight COVID including: - Readying 1K military medical professionals to help at overburdened hospitals - New federal testing sites - Buying 500 million rapid tests to distribute free to the public.
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@LaurenSHirsch
Lauren Hirsch
2 months
One of my biggest life accomplishments !
@ratemyskyperoom
Room Rater
2 months
Love the couch. Strong pillow game. Good mirror work. Nice lamps. 10/10 @LaurenSHirsch
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@LaurenSHirsch
Lauren Hirsch
1 year
Carl Icahn, who is pushing for 3 seats on the board of Illumina, told board he “would not even support Jesus Christ” as an independent candidate over an Icahn Nominee, as “my guys answer to me,” per new filing.
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@LaurenSHirsch
Lauren Hirsch
2 years
Twitter's lawyers read a text from Musk to his MS banker Michael Grimes in May, shortly before a Putin speech "It won't make sense to buy Twitter if we are headed into WWIII"
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@LaurenSHirsch
Lauren Hirsch
2 years
Twitters board out w new statement that feels like fighting words
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@LaurenSHirsch
Lauren Hirsch
4 years
New: Guitar Center has begun to prepare for a potential bankruptcy filing that could come as soon as next month, sources tell me. It missed an interest payment of roughly $45m earlier this month.
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@LaurenSHirsch
Lauren Hirsch
2 years
Twitter is sending out dozens of subpoenas to banks, investors, and others. It wants to know if Elon Musk quietly abandoned his deal to acquire Twitter even before he told the company that's what he was planning to do.
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@LaurenSHirsch
Lauren Hirsch
4 years
“Will you go on that trip you didn’t really need to take - that’s what’s going to change” @ScottGottliebMD
@SquawkCNBC
Squawk Box
4 years
"The marginal activity that involves crowding into theaters, airports, small venues inside where there is spread is going to change," says @ScottGottliebMD . "We are going to have to do things differently with the #coronavirus ...this is a fearsome pathogen."
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@LaurenSHirsch
Lauren Hirsch
2 years
The federal court ruling reinstating Biden's vax or test mandate cites "the possibility of new variants" to support the argument that the current situation is an emergency. It adds in a footnote: "This possibility has borne out with the Omicron variant"
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@LaurenSHirsch
Lauren Hirsch
3 years
Guitar Center filed for bankruptcy last night, citing its significant debt burden and the "economic upheaval created by the persistence of the Covid-19 pandemic."
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@LaurenSHirsch
Lauren Hirsch
3 years
“Topps co-owner Michael Eisner on Thursday afternoon had a brief, heated call with MLB commissioner Rob Manfred asking why he hadn’t been given a heads-up or a chance to counter, a person familiar with the discussion said.”
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@LaurenSHirsch
Lauren Hirsch
2 years
No one really knows what to make of yesterday's story. But if Musk does sue to get out of the deal, Twitter is ready to go to court. It could be costly and potentially timely - but the most valuable part of Twitter right now is its deal with Musk.
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@LaurenSHirsch
Lauren Hirsch
4 years
👋🏻
@NYTimesPR
NYTimes Communications
4 years
We are thrilled to welcome @LaurenSHirsch to the @dealbook team to report on the intersection of business and policy. Read more:
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@LaurenSHirsch
Lauren Hirsch
5 months
New from me: the presidents of UPenn and Harvard were roundly criticized for their testimony at the hearing on antisemitismthis week. They were both prepped by the same law firm. ⬇️
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@LaurenSHirsch
Lauren Hirsch
3 years
First stop as a fully vaccinated person: checking out my first A1 (w @gillianreporter )
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@LaurenSHirsch
Lauren Hirsch
4 years
What does “back to work” look like? As alway, ⁦ @ScottGottliebMD ⁩ has insightful thoughts
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@LaurenSHirsch
Lauren Hirsch
7 months
NEW: WeWork is skipping about $95 million in interest payments due today, kickstarting a 30-day grace period. Negotiations w/ landlords continue.
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@LaurenSHirsch
Lauren Hirsch
3 years
SCOOP: Private equity is getting "crafty."  Apollo and at least one other private equity firm have expressed interest in acquiring Michaels, sources tell me. The retailer has boomed as people have turned to arts & crafts during the pandemic. 🧵🪡 $MIK
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@LaurenSHirsch
Lauren Hirsch
3 years
The new CDC guidance raises a host of questions for businesses: - Do frontline workers need to verify whether customers have been masked? - How do companies work new guidance into policies for workers returning to the office?
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@LaurenSHirsch
Lauren Hirsch
4 years
SCOOP: Dunkin Brands is nearing a deal to go private.
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@LaurenSHirsch
Lauren Hirsch
3 years
An exclusive for @dealbook readers this AM The day after Senate Dems passed their $3.5 trillion budget blueprint, @VP is bringing biz leaders to the White House to build support for one of the plan’s key pillars: child care.
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@LaurenSHirsch
Lauren Hirsch
4 years
In case you were wondering - this was all a “purely technical decision” based on Zoom’s recent success w Oracle.
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@LaurenSHirsch
Lauren Hirsch
5 years
Untuck this: Untuckit, the company known for its untucked shirts, is looking to raise money at a valuation greater than $600 million. w @laurenthomasx3
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@LaurenSHirsch
Lauren Hirsch
2 years
It’s Howard Schultz first day back at Starbucks. His first big move is suspending stock buybacks ☕️ $sbux
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@LaurenSHirsch
Lauren Hirsch
3 years
. @DealBook subscribers: check your inbox for the latest update on our DealBook Online Summit lineup 👑
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@LaurenSHirsch
Lauren Hirsch
3 years
Jamie Dimon’s annual letter is OUT. And it’s more than 66 pages. So @dealbook pulled some key parts we thought you’d want to know about.
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@LaurenSHirsch
Lauren Hirsch
3 years
New: Tyson was criticized for failing to do enough to protect its workers from Covid. It's now become a leader on corporate mandates. @mcorkery5 and I take you inside its decision to mandate vaccines - and how it got 96% of its workers vaccinated.
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@LaurenSHirsch
Lauren Hirsch
3 years
BIG news in antitrust: The White House will nominate Jonathan Kanter to be the top antitrust official at the Department of Justice. Kanter has built his career largely around working for the rivals of Google, Facebook, Amazon and Apple.
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@LaurenSHirsch
Lauren Hirsch
2 years
When asked by @andrewrsorkin to respond to this tweet, @SecYellen says: 1) Yes, I know who cardi b is ("I don’t have a lot of time for her, but I am alive!") 2) I don't think there's going to be a recession #dealbook
@iamcardib
Cardi B
2 years
When y’all think they going to announce that we going into a recession?
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@LaurenSHirsch
Lauren Hirsch
3 years
President Biden traveled to Chicago today to appeal to private companies to mandate coronavirus vaccinations for employees “Businesses have more power than ever before to change the arc of this pandemic and save lives," he said. w/ @katierogers
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@LaurenSHirsch
Lauren Hirsch
2 years
Twitter just dropped its response to Musk, again making its case for an expedited trial. “Musk’s alleged core issue—the number of spam Twitter accounts—is a contractually irrelevant sideshow that Musk wants to use to disparage Twitter and prolong this litigation”
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@LaurenSHirsch
Lauren Hirsch
1 year
New: Turns out the banks may not be the only ones stung by the $44 billion Twitter deal. Advisory firm Innisfree M&A sued Twitter today for nearly $2 million in what it says are unpaid bills in connection with work it did on the deal
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@LaurenSHirsch
Lauren Hirsch
2 years
Tune in!!!
@dealbook
DealBook
2 years
We hope you can join us for the first day of the #DealBook Online Summit. The sessions start today at 10 a.m. Eastern with Tim Cook of Apple, and there is still time to register to attend.
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@LaurenSHirsch
Lauren Hirsch
2 years
Gotta wonder how this jives w the non disparagement clause of the deal
@elonmusk
Elon Musk
2 years
@PPathole @Twitter Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100! This actually happened.
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@LaurenSHirsch
Lauren Hirsch
3 years
The S.E.C. put out two notes about SPACs today. The main thrust of both is that companies considering SPAC deals should ensure they're actually ready to be public companies. 1) 2)
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@LaurenSHirsch
Lauren Hirsch
5 years
Barneys has filed for bankruptcy. Rent is an issue, but so is the business model. CEO Daniella Vitale previously told employees “the entire industry is in survival mode.”
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@LaurenSHirsch
Lauren Hirsch
2 years
One of Twitter’s concerns in sharing the info Musk wants re bots is he has said he was considering starting a rival social media service, sources tell me (Usually you can address those kinds of things with guardrails, negotiated prior to striking a deal)
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@LaurenSHirsch
Lauren Hirsch
4 years
Debt collectors are coming for the stimulus checks, as @SenSherrodBrown & @HawleyMO feared they would
@byHeatherLong
Heather Long
4 years
Important news not about oil: Bank and creditors are seizing people's $1,200 stimulus checks. Amid bipartisan criticism, Treasury Department attorneys are reviewing whether that's legal. Of course, Congress could also fix this w/new law by @JStein_WaPo
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@LaurenSHirsch
Lauren Hirsch
2 years
This was just uploaded by the SEC. They sent Elon a comment in early June saying his lawyer never responded to their questions about his “this deal cannot move forward” tweet. It is unclear whether Elon’s team has since responded.
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@LaurenSHirsch
Lauren Hirsch
2 years
This is a leveraged buyout deal with a venture capital mentality. Elon Musk is making Big Promises — and investors are backing him because, basically, he is Elon Musk. lots of scoopy details w/ @eringriffith @PreetaTweets @MikeIsaac
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@LaurenSHirsch
Lauren Hirsch
3 years
SCOOP in today's @DealBook : L Brands has decided to spin off Victoria's Secret rather than sell it, sources tell me. It received bids for more than $3 billion — but expects to be valued between $5 and $7 billion as an independent public company. $LB
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@LaurenSHirsch
Lauren Hirsch
11 months
New from me ⁦ @alanblinder ⁩ and Kevin Draper The PGA Tour board had its first in person meeting since announcing the Saudi deal. Here’s how it all went down. …And stay tuned for more in ⁦ @dealbook ⁩ tomorrow.
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@LaurenSHirsch
Lauren Hirsch
3 years
At last!
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@LaurenSHirsch
Lauren Hirsch
2 years
The NFL's decision to move *away* from testing reminds me of a conversation I had with @j_g_allen a few days ago about the fact that companies may need to — once again — readjust their playbook. What is the new normal? And what is the goal?
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@LaurenSHirsch
Lauren Hirsch
3 years
A @dealbook scoop w/ @brooksbarnesNYT 🎥🎞️ Mark Cuban’s Magnolia Pictures is exploring a sale. It was once part of a bigger play to bring big-media style vertical integration to the art-house world — but Netflix has emerged as an art-film superpower
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@LaurenSHirsch
Lauren Hirsch
3 months
Spoke to the TaylorMade CEO about Tiger’s new brand - Sun Day Red. (Including why there’s a space between “sun” and “day”) 🐅 W ⁦ @VVFriedman
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@LaurenSHirsch
Lauren Hirsch
3 years
Somehow, it's been exactly a YEAR since I joined @dealbook - and I still can't believe I got the job! I couldn't be more grateful to @andrewrsorkin & @jkaraian for the opportunity, & proud of what we've accomplished as a team. Also, you should subscribe:
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@LaurenSHirsch
Lauren Hirsch
2 years
Update from me and @MikeIsaac Twitter and Elon are still negotiating — and talks are advanced. But, as always, could still fall apart...
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@LaurenSHirsch
Lauren Hirsch
1 year
Bed Bath and Beyond says it has concluded there is substantial doubt about its ability to continue as a going concern. It continues to explore all alternatives, including bankruptcy. $bbby
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@LaurenSHirsch
Lauren Hirsch
2 years
Some big businesses have been snapping up Covid tests, while smaller firms are struggling to find them. This highlights what critics say is a weakness in the federal gov's approach to to rapid testing which, unlike vaccines, has not been centralized.
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@LaurenSHirsch
Lauren Hirsch
2 years
The OSHA rule requiring workers to vax or test is back on (for now), but the deadline is delayed. Tests are running short. Omicron is spiking. The meaning of fully vaccinated is unclear. Inside the latest whiplash facing CEOs w/ @emmabgo @charlie_savage
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@LaurenSHirsch
Lauren Hirsch
2 years
Twitter/Elon merger agreement out
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@LaurenSHirsch
Lauren Hirsch
2 years
Fun tidbit from me and @MikeIsaac in this mornings @dealbook - guess who was in Twitter’s SF office last Friday?
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@LaurenSHirsch
Lauren Hirsch
2 years
McDonald's CEO Chris Kempczinski: "Some might argue that providing access to food and continuing to employ tens of thousands of ordinary citizens is surely the right thing to do. But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine."
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@LaurenSHirsch
Lauren Hirsch
6 years
If your pitch has "retail apocalypse" in the subject, I will delete before opening.
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@LaurenSHirsch
Lauren Hirsch
2 years
Morning 🌅
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@LaurenSHirsch
Lauren Hirsch
3 years
I know "F/U" means follow up, but that's not how it *feels* when you put it in the subject of your pitches
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@LaurenSHirsch
Lauren Hirsch
3 years
Schulman told analysts he envisioned PayPal becoming a “super app” that folds in numerous services and functions, like some apps in Asia. He outlined a “huge road map” for tools related to shopping, including “universal shopping carts." W/ @eringriffith
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@LaurenSHirsch
Lauren Hirsch
1 year
Thrive is in talks to invest $1 billion in Stripe as part of a broader fundraising round. The deal values Stripe sharply less than its valuation two years ago — but could allow Stripe employees to sell their company shares. W @maureenmfarrell
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@LaurenSHirsch
Lauren Hirsch
3 years
“I’d like to criticize business for a second,” Jamie Dimon tells @andrewrsorkin
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@LaurenSHirsch
Lauren Hirsch
3 years
Did the unnamed spokespeople for Citi, Goldman and Morgan Stanley say this together on the count of three?
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@LaurenSHirsch
Lauren Hirsch
5 years
Hudson's Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote. Like many of Hudson's Bay's deals, this one comes with some twists. What do you think it says about the future of retail?
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