Goldman Sachs’ Stimulus Prediction | Billion-Dollar Bitcoin Giant | America’s Unusual 399th Thanksgiving

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Good morning.

With Congress out of session for the Thanksgiving holiday,
Goldman Sachs looks at the prospect of a stimulus bill. A new bitcoin unicorn is about to be created as the cryptocurrency’s price hits a three-year high, and we look at the numbers behind America’s first pandemic Thanksgiving—the 399th in its history.

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

In The News Today

Interim analysis of the Phase 3 clinical trial by pharmaceutical giant AstraZeneca, which involved over 24,000 participants, showed the vaccine to be 70% effective with no severe side effects.

The Trump administration is reportedly preparing to blacklist 89 Chinese aerospace and other companies, due to their alleged ties to their country’s military.

Top Take-Aways

The longer it’ll take for lawmakers to agree on a stimulus bill, the smaller it will be. This was the conclusion of Goldman Sachs’ latest analysis, noting that the investment bank expects Congress to pass a stimulus bill with a price tag of about $700 billion.

During his presidential campaign, Joe Biden said he would
cancel student loans for every borrower. Will he follow through with it, and how would it all work? Here are answers to the most popular questions about student loans and student loan forgiveness.

Self-driving tech startup Zoox has gone through a big management shakeup and surprise sale to Amazon in the past two years. But with the acquisition complete the secretive Silicon Valley firm is ready to reveal its electric robotaxi and updated plans.

Roblox, the online platform where kids build Web-based games,
is going public. To become a billionaire, its cofounder Dave Baszucki would need the company’s valuation to hit $8 billion on the public market. He may just be able to pull it off.

As bitcoin passed $18,600, its highest point in nearly three years,
a new billion-dollar cryptocurrency company is about to be born: investigation firm Chainalysis confirmed it expects to raise $100 million venture capital at a $1 billion valuation as soon as this week.

The pandemic-induced downturn is hurting state tax revenues across the board. But just as it has affected workers unevenly,
it has not treated all tax streams equally: here’s how the K-shaped recovery plays out in the taxes we pay.

There is very little that is typical about
Thanksgiving 2020, including the holiday’s star attraction: the turkey, whose supermarket sales are surging compared to 2019. Here’s a look at America’s 399th Thanksgiving by the numbers. Plus, 29 festive recipes from the world’s top hotels.

Today's Must Read

 
With Toyota's Help, This Secretive Entrepreneur May Finally Give Us Flying Cars
 
 
 
With Toyota's Help, This Secretive Entrepreneur May Finally Give Us Flying Cars

Joby Aviation is the best-funded and most valuable of an explosion of startups leveraging advances in batteries and electric motors to try to wean aviation off fossil fuels and create new types of aircraft, including autonomous ones, to serve as air taxis.

It’s also the only startup to commit to Uber’s ambitious timeline of launching an urban air-taxi service in 2023.

Read The Full Story →
 

In Case You Missed It

Elon Musk had a very good week as Tesla’s stock skyrocketed off the back of the S&P 500 indexing news, but 9 other billionaires made big gains, adding a combined $46.3 billion to their net worths.

Tips You Can Trust

Across Forbes

 
2020 Forbes Power Women’s Summit
 
 
 

ForbesLive

2020 Forbes Power Women’s Summit

Join us for this year’s Forbes Power Women's Summit on Dec. 9, as we spotlight women leaders on the frontlines of progress who are using their power and influence to solve for society’s most urgent challenges. Speakers include Melinda GatesTracee Ellis RossTory BurchSimone BilesArianna Huffington and more.

Register For Free →
 
These Coronavirus Relief Programs Expire At The End Of 2020
 
 
 

Forbes Reports

These Coronavirus Relief Programs Expire At The End Of 2020
 

As coronavirus cases surge across the country and new stay-at-home orders threaten further damage to an already fragile economic recovery, millions of Americans will lose crucial federal benefits if Congress can’t come to agreement on a new round of stimulus legislation.

Watch
 
 
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Rockefeller Tree’s Christmas Surprise | Old Dog’s New Trick | Diversity Pays Off

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Forbes | Under 30 Things kicked off this week similarly to last – with more vaccine news. Moderna announced that its vaccine is also 94.5% effective. Pfizer's vaccine has been found to be 95%

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Plus: Thanksgiving travel precautions Forbes | Coronavirus The numbers keep rising in the US Yesterday, more than 2000 people were reported to have died of Covid-19, and about 80000 are hospitalized

Vaccines Seek Emergency Approval | 2,000 People Died Of Covid-19 In The U.S. Thursday

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