Here’s our weekly pick of news items impacting the innovation ecosystem:

Hoodies at Goldman

Luring engineering talent to choose Wall Street over Silicon Valley has been a constant struggle — after all, the cultures couldn’t be further apart. This week, Goldman Sachs announced they hired former Square exec Andrew Tout to lead the charge. His mission: Hire engineers to make Goldman Sachs the Google of Wall Street. Specifically, the investment bank is staffing up its engineering team at Marquee, its platform that provides clients access to the bank’s analytics, data, content via a browser that plugs into an API.

The takeaway: It takes more than a seasoned Silicon Valley exec and a more relaxed dress code to attract talent. Bloomberg’s Dakin Campbell reports that Goldman is boosting salaries, too. As fintech continues to disrupt the financial services industry, tech is becoming mission critical in order to compete.

Fortune’s Under 40 Overachievers

Each year, Fortune ranks the 40 most influential young people in business. Not surprising, executives from Facebook, Airbnb, Didi Chuxing and the President of France top the ranks. But also two congressmen, a beauty upstart, a comedian and a health IT company also made the list.

The takeaway: According to Business Insider, for the most part, companies whose CEO appeared on the Fortune list fared better than the general market. On average, companies grew 42.83% in 2017 under the direction of their influential heads, compared to an 8.63% gain for the S&P 500.

Non-Tech Investing in Tech

We end this week with confirmation of our suspicions that tech is becoming more and more important to all business models — including healthcare, financial services and retail. According to CB Insights, tech investments by non-tech companies are on pace for a new annual high. Between 2013 and 2016, private tech investment by non-tech Fortune 500 corporations grew 149% with Goldman Sachs is the most active non-tech investor.

The takeaway: Data shows that 51% of Fortune 500 investments into private tech companies have come from non-tech corporations in 2017 YTD, up from 29% in 2014. Are these Johnny-come-lately FOMO investments or a smart way to diversify?

Enjoy the weekend!

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