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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