📺 Be sure to watch "Axios on HBO" this Sunday at 6:30 p.m. and 11:30 p.m. ET/PT, including for my discussion of legalized sports betting with NBA Commissioner Adam Silver.
When fuel cell maker Bloom Energy went public back in July, its IPO prospectus included at least 35 mentions of a utility-scale deployment of Bloom "boxes" in Delaware, the company's largest single project. But none of them noted that those boxes need to be replaced, at a cost to the company that Axios has learned will be between $100 million and $150 million.
BlackBerry (TSX: BB) agreed to buy Irvine, Calif.-based cybersecurity company Cylance for $1.4 billion in cash.
Why it's the BFD: Because it's a reminder of how BlackBerry is trying to become more of an enterprise software company than a keyboarded smartphone maker.
Go deeper: Axios' Courtenay Brown writes that oil's recent rout comes at the perfect time for much of Corporate America.
With a tight labor market that's forcing companies to pay more to attract workers, plus the costs of tariffs from President Trump's trade war, oil is one less expense that will cut into companies' profits.
Take Walmart, whose CFO, Brett Biggs, told analysts in October that the high fuel prices at the time — which played a role in pushing up transportation costs — were a 'challenge' for the company this year.
🎧 Podcast: Our new episode focuses on forced arbitration in Silicon Valley, particularly when it comes to employee claims of sexual harassment. Listen here.