Trump’s Tax Bombshell | America's Latest Billionaire? | TikTok’s Lifeline

Good morning.

Before the
New York Times renewed the spotlight on the president’s tax records, the most consequential news this weekend involving Trump was his confirmation of a Supreme Court pick to take the seat left vacant by the death of Justice Ruth Bader Ginsburg—in so doing, ignoring her last wish that her replacement would be chosen after the November 3rd election, as well as the opinion of a majority of Americans.

Trump announced Seventh Circuit Court of Appeals Judge Amy Coney Barrett as an “uncontroversial” pick but her ties to the Christian group
People of Praise is unlikely to make her palatable to those who fear that a heavily conservative Supreme Court may recede the right to abortion enshrined by the 1973 case Roe v Wade.

Of her judicial philosophy
, 48-year-old Barrett said: “I clerked for Justice Scalia more than 20 years ago, but the lessons I learned still resonate,” adding “a judge must apply the law as written.

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

What Else To Know Now

Trump’s former campaign manager Brad Parscale was reportedly detained and hospitalised overnight after he threatened to self-harm.

Embattled social media platform TikTok was thrown another lifeline when a federal judge issued a preliminary injunction against the U.S. government’s decision to ban downloads of the app. 

Top Take-Aways

Are you finding the New York Times’ mammoth report on Trump’s income tax filings a little hard to digest? This helpful guide will clarify some frequently asked questions. 

Today could see the crowning of
America’s youngest self-made billionaire if the acquisition of Austin-based heavy-duty electric truck Hyliion is approved by shareholders of publicly traded Tortoise Acquisition Group.

In other transport news, Brightline, the only 
private passenger rail service in the U.S., is moving ahead with an offering of up to $3.2 billion of tax-exempt bonds for a high-speed train line connecting Las Vegas to Southern California.

Meanwhile, the coronavirus-hit aviation industry is awaiting the Treasury’s allocation of extra funds under a
$25 billion loan package for airlines. American Airlines has already received a $5.5 billion loan and could get up to $2 billion more next month.

For private American citizens, time is running out to
claim their $1,200 stimulus check—here’s a handy guide to remind you of the deadline and other eligibility criteria.

Infection rates in the U.S. continue to hit new records, with thirty-seven states experiencing
increases in coronavirus cases over the past two weeks as the country posted its highest-average number of cases over a seven-day span since August on Saturday.

The pandemic’s impact on families’ budgets is felt even among the ultrarich, as the
British monarchy hinted at belt-tightening years ahead, after revealing a potential $45 million shortfall on its balance sheet due to the impact of coronavirus on its income and on the cost of Royal travel.

One market that is seeing a boost from the pandemic is the one for
sports memorabilia, fueled by fans’ nostalgia and disposable income usually directed towards live events—NFL stars like Dalvin Cook and J.K. Dobbins are seizing the opportunity.

Today's Must Read

 
How Food Delivery App Phenom Jason Wang Is Reinventing Fast-Casual Dining
 
 
 
How Food Delivery App Phenom Jason Wang Is Reinventing Fast-Casual Dining

As founding CEO of Caviar, a delivery app for fine dining with a hungry user base, Jason Wang helped make it radically easier for high-end restaurants used to white tablecloth customers to digitize for delivery before selling that business.

Now he’s on the other side, operating restaurants and working with his former competitors, DoorDash and Uber Eats, as well as Caviar.

Read The Full Story →
 

Across Forbes

 
Ruth Bader Ginsburg’s Indelible Mark On American Business
 
 
 

ForbesWomen

Ruth Bader Ginsburg’s Indelible Mark On American Business

Over the course of a legal career that spanned more than six decades, the second-ever female Supreme Court Justice worked tirelessly to break down gender discrimination in American life and work, and to bring fairness to business. Here’s a look at some of her most influential cases.

Read The Full Story →
 
Patreon's Founder On How To Structure Your Pitch To Investors
 
 
 

ENTREPRENEURS

Patreon's Founder On How To Structure Your Pitch To Investors
 

Jack Conte is the CEO and Cofounder of Patreon, an online platform for content creators to earn money from fans through a subscription model. Inspired by his own struggles to earn a living while making YouTube and music videos with his wife Nataly Dawn, Conte founded Patreon in 2013 with Sam Yam. We sat down and talked about how his strategy of pitching VCs and investors evolved over time after a series of unsuccessful pitches.

Watch
 
 
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