Images: Kevin Dooley | Jennifer Smith | Hira Punjabi | Belva Hayden

BUSINESS & MARKETS

in partnership with Tuft & Needle

  • 💰 US markets rose slightly (S&P: +0.02%; Dow: +0.1%; Nasdaq: +0.3%). | ⚒️🏘️ M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and is close to a record in the number of deals, per CNBC. | ✈️ Spirit Airlines shares fell 59% yesterday; the company is reportedly prepping a bankruptcy filing.
  • 📝 BNPL provider Klarna filed for US IPO; analysts recently valued the company at ~$15 billion. | 🍕 Grubhub is being purchased by the Wonder Group for $650 million; Grubhub was valued at $7.3 billion in 2020.
  • 🤖💼 AMD is laying off 4% of its workforce, or ~1,000 employees.

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SPORTS, MEDIA & ENTERTAINMENT

  • 📺 Freevee, Amazon’s free ad-supported streaming service, will be shut down over the following weeks; Freevee’s content has already been migrated onto Prime Video, where it will remain. | 📺 Diamond Sports reached a deal with Amazon’s Prime Video that will see its 16 regional sports networks offered on the streaming platform.
  • 📖 The 2024 Booker Prize – considered the most prestigious literary award for English fiction published in the UK and Ireland – was awarded to Samantha Harvey for her sci-fi novel Orbital.
  • 🏆 John Krasinski was named People’s Sexiest Man Alive for 2024.

SCIENCE, SPACE & EMERGING TECH

in partnership with The Commons

*From our partners: 🌎 The Commons’ Community Exchange starts tomorrow!. Join a global weekend of community events with yard sales, swaps, and buy-nothings on November 15, 16, and 17. Lean on friends and community to find second-hand treasures. Find an event near you or sign up to host here.

MISCELLANEOUS

  • 🚫🏫 Lunchables will no longer be in school lunches nationwide, with Kraft Heinz attributing the move to weak demand.
  • 🏛️ Republicans have won a majority in the House after winning their 218th seat, per the AP, clinching their hold on both chambers of Congress and the presidency. | 🏛️ Sen. John Thune (R-SD) was elected Senate majority leader for the next term; he’ll replace retiring Sen. Mitch McConnell (R-KY) at the head of Senate GOP leadership.
  • ⚖️📝 Jack Teixeira, the former Massachusetts Air National Guard member who was arrested last year for leaking classified US military documents via Discord, was sentenced to 15 years in prison. | ⚖️ A US jury ordered American defense contractor CACI Premier Technology to pay $42 million to three former Iraqi detainees for the company’s role in torture at the Abu Ghraib prison outside Baghdad. | 📲 President-elect Trump is expected to stop a potential TikTok ban before it goes into effect next year, per a Washington Post report.

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