• On November 10, SpaceX will launch the Crew-3 mission for NASA which marks the company’s 5th crewed mission in the past 18 months
• The crew are set for liftoff at 9:03 om ET at NASA’s Kennedy Space Center in Florida with the astronauts set to arrive at the International Space Station on the evening of November 11

GM CEO says Rivian IPO proves that company stock is undervalued

• The CEO of General Motors, Mary Barra on November 10 said that the valuations of electric vehicle start-ups such as Rivian prove that GM’s stock is undervalued
• Initially, Rivian’s stock traded at $106.75 a share, which is a 37% increase from its IPO price of $78 a share with a market valuation of $91 billion
• Currently, General Motors trades around $60 a share with a market cap of $86.4 billion

To integrate Workplace interaction, Meta and Microsoft announce a partnership

• Microsoft and Meta, the company formerly known as Facebook announced a partnership that will allow customers to integrate Workplace with Microsoft teams
• This integration gives customers access to Workplace content inside the Teams app, and users can use Teams video meetings in the Workplace app

Pilots at American Airlines union reject holiday bonus pay and seek change

• To avoid more mass cancellations, American Airlines is offering bonus pay for its branches for working during holidays
• For working holiday trips, Flight attendants could get up to triple pay for working and having a perfect attendance
• An offer of 50% more pay for pilots was turned down for peak trips and they say the airline needs to make more permanent changes to scheduling

British Airways and Southwest fuel deals result in shares of Velocys surging 40%+

• On November 10, shares of Fuels technology firm, Velocys rose by more than 40% just after its announced two deals that related to aviation fuel supply
• These new deals are related to a planned biorefinery plan in Missisippiwith Southwest and are set to buy about 219 million gallons of sustainable aviation fuel across 15 years

Beyond Meat sale in US are disappointing and causes the stock to plummet

• In an announcement on November 10, Beyond Meat reported a deepening loss in its 3rd sales quarter as US demand for its meat substitutes went down 
• Investors in the company were also disappointed with Beyond Meat’s 4rth quarter outlook, which indicates that sales are not expected to come back to normal levels

Royal Caribbean CEO reports considerably strong summer booking and Covid debt plans

• In an interview with a media company, the CEO of Royal Caribbean, Richard Fain said that the company is seeing historically strong bookings for the summer of 2022
• Fain also said that the cash flow will be needed to pay down the debt that was built during the pandemic, to reinvest in their technology, and reinvest in their sustainability efforts

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• Microsoft expects the Nuance deal to expand its market opportunity in health care
• Nuance’s CEO will report to Microsoft cloud chief Scott Guthrie, who says both companies want to target software developers, not health-care providers themselves

• Moderna said Tuesday its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17
• The company said it plans to ask the FDA to expand the emergency use of its Covid vaccine for teens early next month
• It is the second vaccine behind Pfizer’s to demonstrate high efficacy in younger age groups

• Shares of Lordstown Motors have tumbled after the company cancelled its production guidance for the year and says it needs to raise additional capital
• Lordstown CEO Steve Burns said the company has “encountered some challenges” as it prepares to begin producing its Endurance electric pickup truck in late September
• Lordstown said it expects to produce only about half the number of vehicles it previously forecast for this year, while increasing its planned expenses to between $335 million and $350 million

• Domestic leisure yields for tickets issued in May surpass 2019 levels, United said
• It expects that trend to continue through the summer
• Higher revenue compared with its capacity is helping the carrier narrow its losses

Amazon’s ad revenue has now become twice as big as 4 large companies combined

• The major growth in Amazon’s advertising unit means its revenue contribution is now 2.4 times larger than Snap, Twitter, Roku and Pinterest combined, and it’s growing 1.7 times as quickly, according to Loop Capital
• Amazon’s “Other” unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue a massive 77% year-over-year to more than $6.9 billion in the first quarter, the company reported last month

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