White House reports that 90% of federal workers have received dose of COVID-19 vaccine

• A senior administration official from the White House has said that approximately 90% of federal employees are vaccinated
• The White House also reports that the federal workforce has reached 95% compliance with the vaccination mandate 
• The federal guidance states that Federal personnel who have not been immunized or submitted proof of vaccination may eventually be terminated

UK government says new homes in England must have EV charging points

• Authorities in the United Kingdom have announced plans that will require new homes in England to have charging points 
• During the Confederation of British Industry’s annual conference, Prime Minister Boris Johnson stated his remarks on the new regulations which will allow 145,000 new charging points to be installed

The US National Guard has helped combat the labor crisis 

• As employers across the US are experiencing a substantial labor shortage, with slowdowns in the supply chain, politicians have looked to the US military for support’
• So far, the US has used the National Guard to help fill in gaps in the healthcare sector, and in schools as well

Target to keep its stores closed on Thanksgiving going forward

• In an announcement from Target, the company will no longer open its stores on Thanksgiving Day and will make a permanent shift to the unofficial start of the holiday season
• On November 22, Target said its distribution and call centers will have some staff on thanksgiving Day but stores will remain closed

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• Shares of Disney have continued to be negative for this year in 2021 and remain behind the S&P 500 Index Return
• As Disney’s3rd quarter earning swerve announced, it shows that streaming subscriber additions slowed down and costs for its content and Parks business rise

GM aims to produce vehicle-based on Hummer EV for the US military in 2022

• According to company officials from General Motors, the eLRV from GM Defense is expected to be based on the company’s Hummer EV
• The new vehicle will use and change components of the Hummer EV like the motors, frame, and the automaker’s “Ultium” batteries starting in 2022

Major fast-food restaurants affected by labor shortages 

• For the entire fast-food industry, the unemployment rate fell by 7% in September 2021, while food services and drinking establishments added almost 120,00 new jobs during the same month 
• Fast-food chains like Burger King and Taco Bell have reported that the lack of workers is causing restaurants to cut back open hours and some menu items

Past GM factory of Lordstown Motors bought out by Foxconn for $230 million

• By the end of April 2022, Foxconn plans to sign a contract to assemble Lordstown Motors’ first vehicle, an all-electric pickup truck named the “Endurance”
• Both companies benefit as EV start-up Lordstown Motors get desperately needed capital, and Foxconn gets to go into the EV space by producing fully electric trucks
• After the news, shares of Lordstown rose more than 13%

Elon Musk has sold more than 3.5 million shares of Tesla stock valued at over $3 billion

• In a series of trades that happened on November 8 and 9, Elon Musk sold more than 3.5 million shares that are worth over $3.88 billion
• Filings show that Musk had planned to sell a block of Tesla shares set in motion on September 14, 2021
• Musk still currently holds over 166 million shares in Tesla 

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• The labor shortage has allowed many lower-wage workers to have an advantage over their employer
• Companies such as Target, McDonald’s, and Walmart are offering more pay or new perks in an effort to recruit and keep employees

Varda Space Industries and Rocket Lab announce deal for three spacecraft

• Rocket Lab announced a deal with Varda Space Industries on August 11, to create three Photon spacecraft to support the first in-space manufacturing missions for the start-up
• Rocket Lab will deliver the first Photon spacecraft for Varda in the first quarter of 2023 and the next two spacecraft will be expected to deliver  in 2024

Meatless sausage from Impossible Foods is coming to grocery stores

• More than a year ago, the company launched the sausage alternative nationwide at restaurants and now Impossible Foods is bringing its product to U.S. grocery stores
• The Impossible Sausage is expected to be 25% to 35% more expensive than animal-based sausage and also has plans to release meat-free chicken nuggets

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