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

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

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.

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.

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