Here's your Forbes daily briefing for Wednesday, January 21st. Today on Forbes, meet the former banker,

who is now a private defense billionaire. On a Saturday last June, hundreds of protesters marched

to an immigration and customs enforcement, or ICE, detention facility in Portland, Oregon, and gathered outside

the center. Then federal agents outfitted in tactical gear fired tear gas to disperse the crowd.

Four months later, in late October, a similar scene played out in Alameda, California, with agents

firing stun grenades at a crowd of people

protesting against the arrival of border patrol agents in the San Francisco Bay Area.

Similar brutal scenes have been playing out almost every day in recent weeks in Minnesota.

All of these confrontations have made national news for the use of force and continuing questions

of federal overreach orchestrated by President Donald Trump.

Incidents like these are happening more often as tensions rise throughout the country.

Whether it protests and riots or in military, and when responding to active shooters,

local, state, federal, and international governments are all boosting their spending on body armor

and so-called crowd control products to equip their forces.

Not surprisingly, the private sector is stepping up to the task.

One such company is Jacksonville, Florida-based Cadre Holdings,

which supplied the tear gas used in Portland in June,

and the stun grenades used in Alameda in October.

Its tear gas has also been used against civilians in places from Mexico to Palestine.

Its body armor, meanwhile, is worn by thousands of

police, military, and federal agents, ranging from the Danish Army to the West Virginia National

Guard. The person behind all this is Warren Canders, a former Morgan Stanley banker, who

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