• According to an SEC disclosure on September 7, from between 2013 and 2020, Khosla Ventures had invested $28.2 million into Rocket lab through several funding rounds
• The firm now holds over 115 million shares of Rocket Lab’s stock which is worth $1.67 billion at the September 7 closing price

WHO urges world leaders to stop Covid booster administration until the end of 2021

• According to the World Health Organization, they have called on world leaders to start a Covid-19 booster moratorium until the end of 2021
• About 5.5 billion vaccine doses have been administered globally, but 80% have been given out in high or upper-middle-income countries

• With total box office earnings of $75.5 million over September 3, 4, and 5, Disney’s “Shang-Chi and the Legend of the Ten Rings” has given the movie industry confidence in recovering from pandemic losses
• The success of the film had also urged Sony to push its release of “Venom: Let There Be Carnage” to October 1 from October 15

The post Business News – 09-08-2021 appeared first on Easy Ad - Local Small Business Resources.

• 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

The post Business News – 08-11-2021 appeared first on Easy Ad - Local Small Business Resources.