Adobe Analytics says Cyber Monday online sales have dropped by 1.4% from last year

• According to information from Adobe Analytics, this year’s Cyber Monday sales marked a 1.4% decrease from 2020 to $10.7 billion 
• So far, from Nov. 1 through Cyber Monday, consumers in the United States have spent $109.8 billion online, which is up 11.9% year over year
• Adobe anticipates digital sales from Nov. 1 to Dec. 31 will hit $207 billion, which would represent record gains of 10%

SpaceX staff told that Starship crisis creates bankruptcy risk by Elon Musk

• In a company-wide email, Elon Musk wrote, “The Raptor production crisis is much worse than it seemed a few weeks ago,”
• These raptor engines that are in development will power the company’s Starship rocket but if they are not developed in time, Musk says that the company faces a “genuine risk of bankruptcy…”

BMW unveils its XM hybrid-electric concept vehicle aimed towards high-performance 

• On November 29, BMW unveiled its high-performance concept vehicle that showcases an electrified crossover 
• The vehicle is expected to begin US production as soon as late 2022 in South Carolina
• This new vehicle is called the BMW XM and will be available exclusively as a plug-in hybrid electric vehicle 

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• 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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• For the first time in the history of the company and the world, Elon Musk’s SpaceX prepares to launch 4 civilians into space
• The mission is named Inspiration4 and scheduled to lift off on Wednesday nit opening at 8:02 p.m ET

Ford and Argo AI have scheduled testing with Walmart for self-driving cars in major cities

• Walmart is expanding its partnerships with self-driving vehicle companies which included Argo AI and Ford Motor
• On September 15, the companies said that the collaboration will utilize Ford’s Ford Escape hybrids along with Argo AI technology for Walmart deliveries in DC, Austin. Texas, and Miami, Florida

Pfizer claims that side effects from COVID vaccine boosters are similar to second dose

• According to new data submitted to the FDA from Pfizer, side effects from their Covid-19 vaccine booster shots are very similar to those of the second dose
• The research also found that the side effects are more likely to affect “younger people” 
• In the “phase 4 study”,  Pfizer found that out of 300 participants from ages 18 to 55, 63.7% experienced fatigue after getting their boosters, 48.4% had headaches and 39.1% felt muscle pain

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• On November 3, Democratic lawmakers unveiled their new social spending and climate provision that increases the EV tax credit of up to $12,500 for higher prices vehicles
• According to this new update, vans, SUVs, and trucks prices up to $80,000 will be eligible for the full tax credit

Kroger to use automated robots to get groceries to customers

• With the help of UK based company Ocado, Kroger is opening automated warehouses across the United States
• According to Kroger, the robots will help to retrieve bags of items like fruit, meat, and more to speed up the fulfillment of customers’ grocery orders
• Once the groceries are gathered for an order, Korger will have their fleet of delivery drivers drop off the bagged groceries to the customer

NASA wins lawsuit against Blue Origin over SpaceX lunar Lander contract

• According to the US Court of Federal Claims, Jeff Bezos’s Blue Origin lost against NASA over $2.9 billion lunar lander contract awarded to SpaceX
• In a statement in defense of Blue Origin, its spokesperson said that the company’s lawsuit “highlighted the important safety issues with the Human Landing system procurement process that must still be addressed’

WHO says that Europe is the center of the COVID-19 pandemic once again

• According to the World Health Organization, Europe is facing another spike in COVID-19 cases
• The WHO has two main reasons for Europe’s soaring case numbers which are low vaccination coverage and less strict public health and social measures

Google invests $1 billion into CME, as both sign cloud deal

• Two large tech companies CME Group Inc. and Alphabet Inc.’s Google have made a deal to move Google’s core trading systems to the cloud
• Google will invest a total of $1 billion into this project 

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• Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on October 21
• SpaceX is preparing for the rocket’s first orbital launch while the Federal Aviation Administration reviews its license request

GMC Sierra Denali and AT4X pickups unveiled by General Motors

• General Motors is transitioning its GMC Sierra 1500 pickup truck upmarket with two high-end models which include the Denali Ultimate starting at $80,000+
• The other new model is called the AT4X, which is a more luxurious and off-road capable pickup  than the current AT4, which starts at $74,995

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• The prices of power and natural gas in Asia and Europe have reached the highest recorded, with U.S. prices having doubled in 2021
• According to the head of global commodities research at Bank of America, Merrill Lynch says, “The U.S. is much more insulated from this global energy trend than the rest of the world”

U.S. COVID-19 cases now below 100,000 per day as winter approaches

• Since the United States’ recent peak of around 172,500 average daily infections on September 13, cases have steadily declined
• Currently, around 69,000 Americans are receiving Covid-related care in hospitals which is a large decrease from almost 104,000 hospitalized on September 1

Elon Musk’s SpaceX has a new valuation of more than $100 billion

• Following a secondary share sale, the valuation of SpaceX has gone past $100 Billion 
• Recently, SpaceX made an agreement with new and existing investors to sell up to $755 million in company stock from insiders at $560 a share
• Back in February 2021, SpaceX’s valuation was at$74 billion and is now at $100.3 billion 

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• Elon Musk’s SpaceX has disclosed new details about their plan for the next generation Starlink satellites on August 18 in federal filings
• SpaceX also want to use their Starship rocket as the primary vehicle to deliver the spacecraft into Earth’s orbit
• This new design will add a significant amount of weight to the satellites and be able to generate more power than it had been able to initially

Covid antibody treatment centers open in Texas and Florida

• Regeneron’s treatment was granted an FDA emergency use authorization in November
• Regeneron claims it was able to reduce Covid hospitalizations “in patients at high risk for disease progression within 28 days after treatment.”
• GlaxoSmithKline has won emergency approval for its treatment with Vir Biotechnology in May, reporting that they reduced hospitalizations and death in high-risk patients by 85%

AT&T’s 5G connectivity to come to GM vehicles in 2023

• General Motors has plans to sell vehicles equipped with AT&T’s 5G cellular connectivity starting in 2023
• The higher speed network is expected to enable greater connectivity for in-vehicle systems such as infotainment, navigation, and most importantly, over-the-air software updates.
• The automaker expects 5G to be in millions of its vehicles in the next decade

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• Boston Beer and PepsiCo are going on a joint-venture to create an alcoholic Mountain Dew which is expected to reach shelves by early 2022
• These new drinks are a part of Pepsi’s effort to use the popularity of the Mountain Dew name to move the soda into new categories

Beyond Meat’s meatless pepperoni to be offered by Pizza Hut in 5 markets

• Pizza Hut is now offering meat-free pepperoni by Beyond Meat as a topping in 5 cities in the United States
• Customers will be able to find the topping in 70 locations across Houston; Albany, New York; Macon, Georgia; Columbus, Ohio; and Jacksonville, Florida

NASA is offered next-generation spacesuits by SpaceX

• NASA has been offered next-generation spacesuits by Elon Musk’s SpaceX after a response to a report by NASA’s inspector general on spacesuit development
• Since 2007, NASA has spent more than $420 million on spacesuit development but even with another $625 million in spending planned, the suits will not be ready for flight until April 2025

Canada and Moderna reach deal to construct vaccine manufacturing plant after shortages

• Moderna has announced that they have reached a deal with the Canadian government to construct a vaccine manufacturing plant to supply the country 
• Earlier in 2021, Canada has had difficulties with Covid vaccine supply shortages 

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• Elon Musk’s SpaceX and its Starlink satellite internet service now serves about 90,000 users around the globe
• According to an update by the company on July 29, they say that the service has users in 12 countries 
• Starlink’s new user total, which appears to count the number of households with a dish, marks the addition of about 20,000 users in the past month

CEO of Delta reports vaccines are hard to require if they aren’t fully approved

• The CEO of Delta Airlines Ed Bastian has reported that the company will not be requiring Covid vaccines for domestic passengers 
• Delta Air Lines is bouncing back from pandemic-induced bookings losses, saying more than 90% of the airline was fully booked in the past week

Tyson Foods to mandate their entire U.S. workforce to get vaccinated

• Tyson Foods has recently reported that less than 50 percent of their employees in the U.S. have received the vaccine and they plan to give those workers who receive the vaccine a $200 bonus
• The Covid-19 pandemic has caused many closures of meat and poultry packing facilities and has caused at least 132 worker deaths

PepsiCo’s Tropicana, Naked, and other juice brands to be sold for $3.3 billion 

• PepsiCo has agreed to sell Tropicana, Naked, and other juice brands for pre-tax cash proceeds worth $3.3 billion
• Pepsi has reported that they will use the proceeds to strengthen their balance sheet and invest back into other aspects of the business

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• For SpaceX’s 20th mission, they were only seconds away from launching when they were stopped due to an aircraft entering launch range
• On Twitter, Elon Musk voiced his feeling about the situation and criticized the regulations around business launched rockets

• Owned by Berkshire Hathaway, Brooks Running Company has committed to achieving net zero carbon emission by 2040
• The CEO of Brooks Running, Jim Weber has reported that their best selling shoe will soon be made by recycled materials to help the environment

Shares of Moderna have risen due to Covid vaccine being promisingly effective against variants

• Today (Tuesday) Moderna has said that their Covid-19 vaccine in a lab setting was quite promising against coronavirus variants along with the delta variant
• Moderna’s new two-dose mRNA vaccine has been able to neutralize antibodies against the delta variant, beta, and eta as well

Over The July 4rth weekend, Southwest Airlines urges their employees to work extra shifts for more pay

• Southwest is currently offering their flight attendants double pay if they take extra shifts during July 4
• The Airline along with many others are suffering from the worker shortage in the airline industry and are coming up with incentives for their current employees to work extra shifts to somewhat compensate for the shortage

Travel insurance for Royal Caribbean is now required for unvaccinated travelers

• vaccinated except those in Florida 
• Starting August 1, the rule will also apply to those over 12 years of age
• Those passengers who are leaving from Florida on the Cruise line form August 1 to December 31 who are unvaccinated must have travel insurance
• Today (Tuesday) 6 simulation cruises have been approved by the CDC (Center for Disease Control)

• Those who are fully vaccinated against Covid-19 now have the option of not wearing face masks
• Employees for the companies which include those who are non-salaried workers, will not have to show proof of vaccination 

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