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.
*From our partners: 😴 The perfect place to rest your head… The Original Foam Pillow from Tuft & Needle stays cool and conforms to your head and neck for a better night’s sleep. Soft and squishy, yet supportive and breathable. Save 20% on The Original Foam Pillow here.
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.
CLICKBAIT