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A fiery, lethal Tesla crash outdoors of Houston over the weekend is prompting a federal probe of the corporate’s self-driving autonomous mode for “potential gaps in self-driving automotive expertise.” Elon has already weighed in, in fact, and claimed that the automotive’s autopilot mode was not engaged on the time of the crash – Law360 and WSJ and NYTimes and Bloomberg and MarketWatch
Canadian Nationwide Railway is taking a run at Kansas Metropolis Southern with a reported $30 billion supply meant to wrest the rail firm away from rival Canadian Pacific. CanPac made (and KC Southern accepted) a $25 billion bid final month, however that additional $5B is very arduous to cross up – Bloomberg and WSJ and MarketWatch
What angle, it’s possible you’ll ask, did we discover to work point out of the Super League into the Each day Dose? Why, JPMorgan, in fact, which is now dealing with the unwelcome ire of a legion of European football fans for its function in bankrolling the proposed breakaway league – NYTimes and Bloomberg and WSJ and MarketWatch
We’ve tracked Argentina’s debt disaster and negotiations with collectors and the IMF right here lately, together with the Fund’s $57 billion bailout of the nation in 2018. Because the Occasions paperwork, the pandemic has managed to make an almost unimaginable state of affairs even worse, particularly for Argentina’s inhabitants, which is dealing with troubling inflation that’s protecting an financial restoration from gaining wanted momentum – NYTimes
Talking on the Boao Discussion board on Asia, Chinese language President Xi Jinping “known as for better international financial integration and warned towards decoupling.” He additionally labored in a shot on the U.S. for “bossing others round” – Bloomberg and NYTimes
Subsequent up within the IPO circus is the Oprah-backed Oatly, the Swedish vegan food and drinks maker and oat-milk pioneer that’s hoping for a $100M providing – Bloomberg and WSJ
Netflix has kicked off what would be the subsequent chapter of its quest for Hollywood disruption with its almost-$500M deal for 2 sequels of Rian Johnson’s “Knives Out” flick, positioning itself as a franchise-maker that’s prizing relationships with artistic stars as a lot as current blockbusters – NYTimes
A gaggle of Credit Suisse traders is suing the financial institution in NY federal courtroom over allegedly “deceptive the general public about its oversight of ‘high-risk purchasers’ Greensill Capital and Archegos Capital Administration, whose current implosions have price the financial institution billions of {dollars}” – Law360
Latest and previously uncommon forays by the Federal Reserve into the problems of local weather change and racial financial inequality are ruffling some feathers. However the notoriously politically unbiased physique has a reasonably sturdy case to make that it merely can’t ignore points that threaten, if left unaddressed, to “maintain the economic system again” – NYTimes
Union officers that pressed to prepare staff at an Amazon warehouse in Bessemer, AL have filed a problem over the current vote, “saying the corporate violated authorized restrictions all through the election” – WSJ
From streaming leisure to journalism to high-end pet food—digital subscription providers have soared lately. However for all that target the brand new, “outdated, retro promoting” has exploded “on just about each platform,” however particularly in digital media – NYTimes
Coke’s feeling the financial rebound love, because the stable vaccine rollout helps open the “stadiums, cinemas and different venues” whose closure had taken a chunk out of the corporate’s backside line over the previous 12 months – WSJ
We pause to recollect and recognize a good and decent public servant. Walter Mondale was a legend in these components, and rightfully so – StarTribune and NYTimes
Keep secure.
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