Goldman Sachs’ 2021 Forecast | Giant Leap For Elon | Diamonds Of Record

Plus: Rise Of The Recycling Robots

Good morning.

Today we look forward to 2021, with an eye on Goldman Sachs’ forecast for next year, and at expected IPOs in the fintech space. We’re also reporting on Alibaba’s most successful Singles' Day to date and some record-breaking diamonds.

In The News Today

Alibaba reported record sales for its Singles' Day, the world’s largest online shopping event.

The State Department is reportedly withholding dozens of official messages sent by world leaders to President-elect Joe Biden.

Top Take-Aways

Billionaire Elon Musk has hit one milestone in the billionaire space race, creating a commercial spacecraft system trusted to send humans to and from the International Space Station.

Goldman Sachs released a 39-page report outlining the firm’s outlook on everything from stocks and the economy to the Georgia Senate runoffs and monetary policy. These are some of the highlights.

Add two more fintech unicorns to the list of 2021 expected IPOs: AvidXchange, a company that lets businesses pay their bills online, and Flywire, a startup that helps organizations receive digital payments in foreign currencies.

Canadian startup Cybin Inc. plans to bring to market a dissolvable oral strip dosed with the psychedelic compound found in “magic mushrooms,” to help treat major depressive disorder. Its stock jumped 23% during the first two days of trading on Toronto’s NEO Exchange.

Face masks protection works both ways. The CDC has published new research showing that wearing a mask reduces the emission of virus-laden droplets and also reduces the inhalation of the droplets by the person wearing the mask.

Not all business class experiences are created equal. While the Covid-19 pandemic has spurred airlines into adding benefits for booking economy tickets, some carriers are also experimenting with creating new categories of business class.

A Botswana mine has once again produced a record-size diamond—the 998-carat diamond, the second 500-plus carat diamond recovered from the mine this year, could be the fourth largest gem quality diamond ever discovered. In more record-breaking diamond news, this 14.83 carat pink diamond fetched more than $26.6 million at Sotheby’s.

Today's Must Read

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