• A 5.8% decrease in avocado shipments is what the Hass Avocado Board expects during the third quarter in comparison to the year prior
• The price of avocados are expected to rise by 10% and decrease Chipotle’s earnings by 10 to 12 cents a share

• Peloton exercise equipment has recently ended their free running feature for users of their Tread and Tread+ treadmills leaving their customers very upset
• The feature was named “Just Run” and was free to users who spent the $4000 on the product to have the digital workout content
• The new subscription for the feature will cost $40 a month

• Yesterday (for India), their data shows that over 24 hours, the country had seen 50,848 new infections which now brings the total cases in the country to 30.02 million
• In the US, the decrease in case rates have led states to reopen and lessen their restrictions but many believe could be a bad idea

• A new bill has been created ad if passed it will allow for any new child born to have a savings account with a minimum of $1000
• Based on how much money a family makes, each child will receive an annual deposit of at least $1,000 every year until age 18
• For those lower income families, the money could be upwards of $2,000
• When the child turns 18, they will have almost $50,000 in the savings account
• Those Wealthier families will not receive annual payments and will have less in their savings account

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• Fast casual restaurant Chipotle Mexican Grill has now raised prices by about 4% in order to compensate for the cost of raising their worker’s wages
• This may, Chipotle has reported that they would raise hourly wages for their restaurant workers into reach their average of $15 an hour towards the end of June

• Customers of Starbucks are now allowed to use their own personal reusable cups again at all Starbucks location in the US starting June 22
• Other restaurants including Starbucks are now making efforts to returning their businesses back to normal after changing many policies due to COVID-19
• Back in March of 2020, Starbucks had paused their reusable cup program

• Boeing has logged 20 net orders for a new aircraft in may
• This was the company’s 4rth consecutive month to have positive orders
• The deliveries for the Boeing Dreamliner still remain suspended 

• Ford has recently unveiled their all new compact pickup today (Tuesday) which is their smallest vehicle in their pickup truck lineup
• This truck marks the first time a truck in America with a standard gas-electric hybrid engine ever to go on sale and wills start at $19,995

•  Relativity Space has raised $650 million from contributors known as Fidelity and other investors such as Blackrock and Tiger Global
• The company plans to work on a fully reusable rocket that will attempt to go against SpaceX’s rocket of similar goal in less than 3 years

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• Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month
• The space tourism company reported an adjusted EBITDA loss of $55.9 million, down from a loss of $59.5 million in the previous quarter
• The stock has fallen 24% year to date – having dropped more than 70% from highs above $60 a share hit in February

• NBC is pushing the Hollywood Foreign Press Association, which hands out the awards, for quicker changes to boost diversity within its ranks
• WarnerMedia, Netflix and Amazon Studios have refused to participate in any more HFPA events until the organization demonstrates it is heading toward real and lasting reform

• Ford’s upcoming all-electric F-150 pickup truck will be called Lightning and the name was used by the automaker for street performance trucks in the 1990s and early 2000s
• The F-150 Lightning will be unveiled at 9:30 p.m. EDT on May 19 at the company’s world headquarters in Dearborn, Michigan

FDA permits use of the Pfizer-BioNTech Covid vaccine in kids ages 12 to 15

• The FDA approved Pfizer and BioNTech’s request to allow their Covid-19 vaccine to be given to kids ages 12 to 15 on an emergency use basis
• The agency granting use of the shot in younger age groups will accelerate the nation’s efforts to drive down infections, experts say
• It will also allow middle school-aged students to get vaccinated before school starts this fall

• Ford Motor is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators
• Retention pins could loosen and allow roof rail covers to detach from the vehicle and the recall covers 2016 through 2019 model year vehicles

• The U.S. government’s auto safety agency is investigating multiple complaints about steering failures that could affect more than 1.1 million Honda Accord sedans
• Owners complained about a loss of steering control and the cars veering from their intended travel path. Two crashes and two injuries were reported
• In documents posted Monday, the National Highway Traffic Safety Administration says it received 31 complaints about the problem, and Honda has 77 more
• Owners complained about a loss of steering control and the cars veering from their intended travel path

• The rate of average daily new Covid cases in the U.S. fell to below 41,000 over the weekend, down 30% from two weeks ago and the lowest level since September
• CDC data shows that the country is averaging 2 million vaccinations per day over the past week, down from the peak level of 3.4 million daily shots on April 13

• Roku’s riveting earnings report has some traders doubling down on the streaming stock
• Roku in the first-quarter report posted its highest revenue growth rate since its 2017 IPO
• Loop Capital Markets upgraded the stock to a buy with a $450 price target after the results, citing its impressive platform growth, increasing market share and the overall shift to digital streaming

• Chipotle said it will increase restaurant wages resulting in a $15 average hourly wage by the end of June, as it looks to bring on 20,000 workers
• Starting pay for hourly crew members will range from $11 to $18 an hour and there are opportunities to advance to general manager positions with average annual pay of $100,000
• Chipotle CEO Brian Niccol said the current labor market is among the most challenging he’s seen in his career in the restaurant industry
• The company has also introduced employee referral bonuses of $200 for crew members and $750 for apprentices or general managers

• White House chief medical advisor Dr. Anthony Fauci said Sunday that people may wear masks during certain seasons when respiratory illnesses are more prevalent
• “We’ve had practically a non-existent flu season this year […],“Fauci said
• His comments come less than a month after the Biden administration announced a relaxation of federal guidance on wearing masks outdoors

• Elon Musk’s SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, with the company accepting the meme-inspired cryptocurrency as payment
• Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with DOGE-1 representing a 40 kilogram cube satellite flying as a payload on a Falcon 9 rocket
• SpaceX vice president of commercial sales Tom Ochinero said in a statement that DOGE-1 “will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce”

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