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

The post Business News – 11-17-2021 appeared first on Easy Ad - Local Small Business Resources.

• Officials from the World Health Organization have warned countries around the world against the full lifting of public health measures
• These warnings come after the region of Europe has seen an increase of 33% in Covid cases last week
• Even with highly vaccinated regions or countries, WHO cautions against the easement of mask mandates, and social distancing protocols

Marvel Movie Black Widow had promising pandemic opening with rise in pre-ticket sales

• Arriving in theaters and Disney+ Premiere Access on July 9, Marvel’s Black Widow is a highly anticipated film 
• Over the upcoming weekend analysts have estimated that the film will gather somewhere between $80 million to $110 million in the box office
• If this estimate is correct, this film would surpass F( a film that debuted about two weeks ago with $70 million

Delta variant of Covid is now dominant in US says CDC data

• According to information gathered by the CDC, the Delta variant of Coronavirus has surpassed the previous strain (alpha variant) in case amount
• The variant had been first discovered in India but now affected around 104 countries and represents more than half of new Covid cases at 51.7%

To service Northeast, Amtrak plans investment of $7.3 billion in modern trains

• Today (Wednesday), Amtrak has announced that they will be investing a total of $7.3 billion into a group of 83 modern trains
• The manufacturer that Amtrak will use to build these new trains will be Siemens Mobility’s rail manufacturing facility
• According to Amtrak’s predictions, they think that their investment will add 1.5 million or more train riders annually to their services 

• In rural areas, Dollar General has plans to become a health-care staple with hiring a chief medical officer to help them aim their products towards this new target
• I the future, customers will progressively see more health care products in Dollar general along with dental supplies and other medications
• The CEO of Dollar General says that he was inspired by customers who said they have a desire for health-care products and services at a more affordable price

• In their initial public offering in the US, the Greek-yogurt maker Chobani has potential to be valued at upwards of $10 billion according to the company’s estimations
• Currently, Chobani has factories in Idaho, Australia, and New York and does not have any plans yet on how many shares there will be for sale or the price range for its offering

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