The Wednesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Xero Drops $2.5B to Snag Melio

Xero’s going all-in on the US market, buying NYC-based payments startup Melio for $2.5 billion. It’s part cash, part stock, and a power move to grow beyond bookkeeping into payments.

Melio was once valued at $4B back in the 2021 boom, so this is a bit of a markdown. Still, Xero’s betting big on Melio’s tech and keeping its CEO, Matan Bar, to run US ops.

Source: theinformation 

💎 What’s poppin in accounting

GOP Shrinks $4T Tax Bill With Creative Math

Senate Republicans are trying to push through a massive tax bill, but instead of showing the real $4 trillion price tag, they’re using a brand new accounting method that magically shrinks the cost to just $441 billion. The trick? Pretend Trump’s tax cuts were never going to expire, so extending them doesn’t “count” as new spending.

If this goes through, it could reshape how future bills get scored, or spark a major political blowup.

Source: politico 

 📊 Weekly Trend Chart

Amazon Tightens Its Grip on Whole Foods

After 8 years of letting Whole Foods do its thing, Amazon’s stepping in. It’s rolling Whole Foods staff into Amazon’s system and shaking up leadership.

The goal? One big grocery game plan to stop falling behind Walmart, which is crushing it online. Right now, Amazon’s still a small fish in groceries, but this move says one thing loud and clear…it’s go time.

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