China’s New Billionaire Family | GM’s Plan For EV Dominance | Coronavirus Restrictions' Guide

Plus: Mortgages, Fraud Claims And ‘Dumb Dolphins’: A Tangled Past Haunts Better.com CEO Vishal Garg

Good morning.

It could be difficult to keep track of coronavirus restrictions in every U.S. state, so we compiled a handy guide. We also take a look at General Motors’ plan to compete with Elon Musk’s Tesla, and lessons for entrepreneurs from Estee Lauder’s scion Leonard Lauder’s newly released memoir.

In The News Today

A planned six-day Covid-19 lockdown in South Australia has been cut short after discovering that a pizza shop employee had lied to contact tracers about how he had been exposed to the virus.

As the Covid-19 pandemic continues across the U.S., here’s a guide to each state’s strategy to reopen—or shut down—businesses and gatherings in response to its case counts and health metrics.

Top Take-Aways

Treasury Secretary Steven Mnuchin said Thursday that he would not extend a handful of Federal Reserve emergency pandemic programs and asked for the central bank to return unused CARES Act funds to the Treasury so Congress can reappropriate the money.

Matt Moulding, the Lamborghini-driving founder of The Hut Group e-commerce empire, has successfully passed the test he set for himself to award himself a bonus—worth an estimated $1.1 billion based on today’s share price—in the form of company stocks.

General Motors’ plans to overtake Elon Musk’s Tesla in the electric vehicle market include dozens of new models, redeployment of engineers to a dedicated electric vehicle division, and committing $27 billion for battery and autonomous technology development.

The start of Hong Kong trade on Wednesday by real estate developer Shinsun Holdings Group has formally minted a new China real estate billionaire family. The 79% stake held by a family trust (which is controlled by Shinsun’s chairman Chen Guoxiang and his family) was worth $1.7 billion today.

Leonard Lauder spent three decades running his family's publicly traded cosmetics giant, Estee Lauder. His newly released memoir, The Company I Keep, takes readers on a multigenerational trip starting in the 1940s, and it’s a playbook for aspiring entrepreneurs.

In the social media world, only the most-popular creators—often young and white—tend to amass any sort of earnings. Dubsmash, a short-form video app widely popular among Black and Latino teens in the U.S., is rolling out a new feature to help fix those discrepancies.

A tiny owl was discovered huddled inside the Rockefeller Center Christmas tree that had been transported to Manhattan from Oneonta, New York. The owl is now recovering from the unexpected three-day journey in the care of Ravensbeard Wildlife Refuge.

Today's Must Read

In Case You Missed It

Healthcare.gov officially opened on November 1, and will stay open until December 15. Choosing a plan is a stressful process, and you may be looking for ways to avoid it. But don’t just automatically re-enroll in last year’s option. Instead, use these tips to make the task a bit easier and make the most of your health insurance options.

Tips You Can Trust

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