Breakthrough At Tiffany's | Generation Side Hustle | Utah Jazz New Billionaire Owner

Plus: How Trump Has Quietly Paid Down $67 Million In Debt While In Office

Good morning.

Tragic news from France this morning, where at least three people have died in a terrorist attack in Nice. We take a closer look at the $1.66 billion purchase of NBA team Utah Jazz and we hear some entrepreneurial advice from star athlete Venus Williams.

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In The News Today

A knife-wielding attacker killed at least three people in France’s southern city of Nice in what authorities called a terrorist attack, the second this month to target the European country.

The Trump administration has proposed a new rule to replace the H-1B visa lottery with a wage-based selection process prioritizing higher salaries. Here is how it would work.

Top Take-Aways

The high-profile dispute between LVMH and Tiffany over a proposed $16 billion takeover has been settled with Bernard Arnault, Europe's richest person, snagging a $400 million discount for the U.S. jeweler.

Stocks posted their worst day since early June—but with just six days to go until the election, the height of volatility could be yet to come.

If you really want to know who holds financial leverage over the president, focus on the big organizations renting space inside Trump’s commercial buildings.

San Francisco’s iconic Transamerica Pyramid changed hands for the first time on Wednesday in  the largest commercial transaction in the U.S. since the onset of the Covid-19 pandemic.

Qualtrics CEO and cofounder Ryan Smith isn’t just a basketball junkie—he’s now also a NBA team owner after paying $1.66 billion for a majority stake in Utah Jazz from Gail Miller, the billionaire businesswoman who oversees the LHM Group.

New milestones in the race to develop treatments for Covid patients: Regeneron posted positive clinical trial data for the monoclonal antibody cocktail, used to treat President Trump for Covid-19, while Ely Lilly signed a $375 million government deal for its experimental antibody treatment.

Today's Must Read

In Case You Missed It

Venus Williams has some advice for the more than 30 million small business owners and entrepreneurs across the U.S. struggling to find their footing in the new normal: Don’t let fear take over.

What Else To Know

You may not develop any Covid-19 symptoms while infected. What happens if you know you were exposed?

Interest in side hustles continues to grow. Stephanie Burns, Forbes contributor, saw many people wondering how to start a business, so she's put together a handy guide. Plus, the majority of freelancers want to stick with it long-term. This is why.

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