Economic leaders around the globe ask for $50 billion from wealthy nations to combat COVID
The leaders of World Bank, WHO, IMF, WTO have all published a plea in newspapers across the globe that urges all wealthy nations to contribute to the $50 billion to fight COVID
These agencies have planned to make $9 trillion in addition to the global output by 2025
And have the goal of vaccinating 20% of the world population by 2021
AMC CEO plans to use meme frenzy as a launchpad for growth
AMC has pivoted back to an offensive strategy on a bet that its retail investors will stick with the company long enough for it to recoup its pandemic losses
Since the January stock surge, some retail investors have used social media to attack anyone who shares negative opinions of AMC
Biden proposes increased top tax rate which affects these levels of income
President Biden has proposed a top marginal income ta rate of 39.6% which is 2.6% up from the 37% before to help fund the American Families Plan
This rate affects those single Americans who have a taxable income of more than $452,700 and those married couples who file together with income over $509,300
After 2025, this rate is expected to increase to this 39.6% even if Congress does not approve Biden’s proposal
Electric car Company Nio sees decreased deliveries in May due to chip shortage
This Chinese electric car company Nio has seen deliveries decrease in May due to the shortage of semiconductors and it has had a huge impact on their business
Other Global automotive companies have also had to deal with this worldwide chip shortage but another Chinese car company named Xpeng reports that their deliveries have been 5,686 in May which is a 483% on-year increase and a 10% from the previous month
Memorial day weekend has shown a revival for Movie theaters
All Domestic Cinemas (at least here in the US) have reported $100 million in ticket sales over the four-day Memorial Day weekend
“A Quiet Place Part II” by Paramount has bragged a total revenue of $48.4 million over three days and is the highest film debut of the pandemic
“Cruella” by Disney also saw a large amount of revenue of $27 million during the 4 day weekend
Ticket sales for Cirque du Soleil are now double-digits above pre-pandemic levels
The CEO of Cirque du Soleil Daniel Lamare reports that ticket sales have reached double digits higher than how it was pre-pandemic
For highly vaccinated markets, International shows will be scheduled
The company plans to rehire about 95% of its artist for their shows around the globe
Krispy Kreme reports that their vaccine incentives have helped
Krispy Kreme says that giving away 1.5 million doughnuts has deemed successful as an incentive for getting the vaccine
In all markets around the U.S. in concerns to the Food industry, companies and community groups are experimenting with all sorts of incentives for others to get fully vaccinated
Among certain groups, studies have shown to be more effective than others
By K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.
