Biden Administration holds oil and gas lease sale in the Gulf of Mexico

• On November 17, the Biden Administration opened more than 80 million acres to auction for oil and gas drilling in the Gulf of Mexico
• This sale is a major reversal of Biden’s commitment to shut down any new oil and natural gas leases on public lands or waters

Lakers’ Staples Center naming rights now belong to Crypto.com in a $700M deal

• In December, the Staples Center will be renamed for Crypto.com in a $700 million deal for the naming right to the home arena of the Los Angeles Lakers
• This change is expected to come on Christmas Day and Crypto.com wanted this deal to increase brand awareness as the platform positions itself to capture market share in the growing digital currency space

Yogurt sales rise as Chobani filed to go public through IPO

• On November 17, Chobani, a Yogurt and oat milk manufacturer filed to go public on the Nasdaq exchange under the symbol “CHO”
• According to Chobani, the company’s revenue has grown 5.2% to $1.4 billion from 2019 to 2020

Labor market fins that more retirees are “unretiring” and coming back into the workforce

• The rate at which retirees switch from retirement status to employment has been increasing, according to an economist named Nick Bunker at Indeed
• Early retirements had increased during the pandemic but it isn’t clear if this will be permanent or temporary

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• According to an introduction of a bill on September 21, many progressive lawmakers are trying to reimpose a nationwide eviction moratorium 
• The conservative majority on the Supreme Court permitted evictions to begin across the United States at the end of August, preventing the Biden administration from enforcing a temporary ban

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• In a sales report from Ford, its vehicle sales in October were down by 4% from the year prior at only 175,918 vehicles
• According to Cox Automotive, new US vehicle sales are down by approximately 21% in October in comparison to a year prior
• Ford said vehicle inventories, which have been at record lows due to the chip shortage, increased by 7,000 units from a month earlier to 243,000 cars and trucks

Ford sales in US market continue to recover from October losses

• In a sales report from Ford, its vehicle sales in October were down by 4% from the year prior at only 175,918 vehicles
• According to Cox Automotive, new US vehicle sales are down by approximately 21% in October in comparison to a year prior
• Ford said vehicle inventories, which have been at record lows due to the chip shortage, increased by 7,000 units from a month earlier to 243,000 cars and trucks

BMW’s electric car sales to increase by double by end of 2021

• The sales of BMW’s fully electric cars have grown by 121.4% in the first 3 quarters of 2021, with 59,688 units
• Between January and September 2021, the company sold 213,575 all-electric and plug-in hybrid vehicles which is a 98.9% increase 

Ford unveils custom 1970s F-100 pickup truck with redesigned interior and electric motors

• Based on the Mustang Mach-E, Ford has unveiled its F-100 Eliminator concept truck that features retro styling of a 1978 F-100 but with electric motors and batteries
• Ford built this vehicle to showcase its new “e-crate motor” that is on sale at its dealerships and online
• The e-crate motors produce 281 horsepower and 317 foot-pounds of torque and will sell for $3,900

Job listings across the US show vaccine mandates

• In October 2021, the number of job listings requiring candidates to have a COVID-19 vaccine has doubled 
• According to the Biden Administration has said that it will be soon issuing a rule that requires larger-sector employers to mandate vaccines for workers

Hertz Global Holdings announces 37 million share offering by stockholders

• On November 3, Hertz Global Holdings announced that certain shareholders of the firm will launch a public offering of 37.1 million common shares 
• The launch of the shares will be at a discount price of $25 compares to $29 a share and hertz said it intends to purchase between $250 million and $500 million of the shares

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• According to the White House coronavirus response coordinator, Jeff Zients, the kid’s vaccination program will be “fully up and running” beginning on the week of Nov. 8
• The kid’s vaccination program is intended for those ages 5 to 11 years old

Project Kulper: Amazon’s first internet satellites to launch in late 2022

• On November 1, Amazon announced its plans to launch its first internet satellites in the 4rth quarter of 2022 
• Amazon also states that the satellite program (Project Kulper) will launch with ABL space on its RS1 rocket
• This network will contain 3,236 satellites in low Earth orbit in order to provide high-speed internet to anyone in any part of the world 

Celebrity Chef Bobby Flay transitions to cat food industry

• Early in 2021, American Celebrity Chef, Bobby Flay, launched his own cat food brand named “Made by Nacho”
• Over the course of the COVID-19 pandemic, pet ownership and spending have increased allowing the pet food and treat market to grow to more than $42 billion in value

Details on Covid vaccine mandate for businesses to be published by Biden Administration soon

• According to to the Department of Labor, on November 1, the Biden Administration will publish details in the coming days about the vaccine mandate for businesses
• Currently, the mandate would apply to businesses with 100 or more employees which are estimated to cover about ⅔ of the private sector workforce

Travel continues to be disrupted by staffing challenges despite reduced cancellations

• As of October 31, more than 136,000 airline customers were affected by disruptions and a lack of staff was listed as the reason, according to American Airlines
• On November 1, American Airlines canceled more than 460 flights or 16% of its normal schedule 
• Southwest Airlines reported that flight cancellations early in October cost the company $75 million and Spirit Airlines reported similar issues that cost the company $50 million

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• BioNTech and Pfizer have announced their submission of their early-stage clinical trial data to the FDA as they seek authorization for a Covid-19 booster shot in the US
• Currently, Federal health officials are not recommending any type of booster doses for the general public 

Taliban takeover causes airlines to reroute planes near Afghanistan

• All aircraft have been warned that Afghanistan air traffic control was given to the Taliban and the airspace would be uncontrolled
• Singapore Airlines, United, and British Airways along with others have rerouted their flights near Afghanistan

Disney’s “Free Guy” goes above $28 million at the box office

• Free Guy, one of Disney’s latest films has tallied more than $28 million at the domestic box office during its opening the weekend of August 14 
• Heading into the weekend, analysts were eager to see whether fears over the Covid or the availability of films on streaming has caused a slowdown in box office sales but sales show otherwise

Large increase to food stamp system announced by Biden administration

• Beginning in October, food assistance benefits will see an increase by an average of 25% above pre-pandemic levels
• Under the new policy, the average benefit will increase by $36 a month and could impact as much as 42 million Americans according to the USDA

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• On July 28, 2021, the Senate GOP has reached an agreement with Democrats over the many issues surrounding the $1 trillion infrastructure package
• This bipartisan package includes government spending of $600 billion which will go to highways, bridges, transit, waterways other public works projects, and broadband 

Biden Administration to better cybersecurity defenses for infrastructure improvements

• For critical infrastructure, the Biden Administration is trying to improve their cybersecurity defenses 
• In an order from President Joe Biden, he addresses the vulnerabilities of critical industries to cyberattacks 
• The actions outlined in the order are also meant to continue partnerships among private companies to greater improve cybersecurity 

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• In the coming quarters for Lowe’s and Home Depot, their biggest business opportunity will come from the sales to home improvement professionals 
• During the pandemic, customers had utilized DIY projects but are now starting to hire contractors again to do home improvements 
• The retailers have begun talking with woo commerce professionals about services like perks with bulk discounts and tool rentals 

Subway’s mobile app and menu have seen new improvements to bring back customers

• In an effort to bring back lapsed customers, Subway is improving their ingredients and mobile app
• Beginning on July 13, Subway’s restaurants in the US will offer almost 12 new or improved ingredients
• Through the upgrade of their mobile app and ingredients, the company plans to better compete with other chains in the country 

Covid-19 funeral reimbursement is now easier to qualify for by Biden Administration

• For deaths related to Covid-19, the Federal Emergency Management Agency has loosed rules for their funeral reimbursement program for costs up to $9,000
• In the beginning of the pandemic, coronavirus may not have been listed on cause of death as there was limited availability in testing 
• The Agency’s change offers funds to families in some cases without having an amendment tot the death certificate

Closed fitting rooms for retailers have angered shoppers and boost returns 

• During the pandemic, returns of clothing have spiked as many fitting rooms in clothing retailers remain closed 
• Coresight research have conducted a survey that have found that 42.4% of US consumers have returned unwanted products starting March 2020 and ending in March 2021
• These clothing retailers have got a wake-up calf from this problem and are booking for new solutions to combat the fitting room dilemma 

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• This new deal that SpaceX and Axiom Space have announced will add three more crewed flights to the ISS (International Space Station) which brings the amount of planned missions to four
• Previously, Axiom Space have announced it Ax-1 mission to launch with SpaceX’s Falcon 9 rocket and Crew Dragon 

• As the retailer launched store brands ahead of schedule, Bed Bath & Beyond stock has risen 50% 
• Within the coming months, the new products will come to shelves which will be right on time for back to school shopping
• As a key part of the company’s turnaround plans, store brands are a way to reel in shoppers with “exclusive items”

• Rent the Runway is a Fashion rental platform where no membership will be required for customers to shop its site
• Covid-19 has caused devastating effects for Rent the Runway but the company is slowly coming back
• The company reports that their memberships are coming back up as women look to showy women’s clothing

• 12 U.S. states have now reported 70% partial vaccination with adult residents as published by Centers for Disease control and Prevention
• The most recent seven-day average of U.S. Covid-19 cases is at 17,289
• The reporting average in the U.S. i san average of 1.2 million vaccinations per day over this past week
• The states involved in this vaccination census are: California, Hawaii, Massachusetts, Connecticut, Maine, New Jersey, Rhode Island, New Mexico, Pennsylvania, and New Hampshire

• For a 30-year fixed-rate mortgage, the average rate has decreased to 3.17% from the 3.18% last week
• Applications for mortgages to purchase a home have also fell 3% and were 2% lower than the same week a year ago

• Tesla is now recalling 5,974 of their electric vehicles over concerns that their brake caliper bolts could be loose
• This loose bolt issue could cause a potential loss in tire pressure 
• Vehicles that are included in this voluntary recall include select 2019-2021 Model 3 vehicles ad 2020-2021 Model Y vehicles 

• Today (Wednesday) President Biden reports is plans to “double down” on his administrative efforts in getting more Americans vaccinated by July 4
• Biden plans to get 70% of all U.S. adults to receive at least a partial vaccination (meaning 1 dose) and 160 million adults fully vaccinated

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• There are thousands of Southern Californians who breathe higher levels of air pollution and face increased risk of illness from living near warehouse distribution centers
• Southern California air quality officials are set to vote on rules that for the first time would hold warehouses in the nation’s smoggiest region accountable for pollution from the diesel trucks they attract
• Approval of the measure would mark a big step toward curbing the environmental impacts of a booming goods-movement industry

• In another dramatic sign of how rapidly California is recovering from COVID-19, the state recorded its lowest hospitalization rate since the first few weeks of the pandemic
• Across the region, COVID-19 has receded rapidly which has allowed for large a large reopening of the economy and hope of returning to some kind of normalcy 
• California is now a the bottom of the nation when it comes to Coronavirus case rates 

• The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines
• The waiver could remove obstacles to ramping up the production of vaccines in developing countries
• The move comes as coronavirus infections surge to their highest levels in countries that have struggled to procure or distribute vaccines
• The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to manufacture the life-saving doses
• Stocks of major pharmaceutical companies that have produced vaccines, including Moderna, BioNTech and Pfizer, dropped sharply after news of the potential waivers first broke
• The Pharmaceutical Research and Manufacturers of America expressed pointed opposition to the Biden administration’s support for waiving IP protections

• Scientists experimenting in the lab have found that the coronavirus that causes COVID-19 is capable of infecting two types of brain cells — neurons and astrocytes.
• COVID-19 is best known as a respiratory disease, but for many victims, it also triggers an array of problems including memory lapses, fatigue and a certain sluggish, fuzzy feeling often referred to as “brain fog”

• A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to 164 million, or about $386 billion
• The new payments mark the eighth batch sent since Congress approved the checks in March
• Payments are for up to $1,400 per individual, as well as $1,400 per eligible dependent, so long as recipients fall under certain income thresholds and meet other requirements

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