Biden Handover Begins | Lockdown Breakdown | Vaccine Race Heats Up

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Good morning.

President Donald Trump has finally allowed federal officials to work with Joe Biden’s transition team, while Utah Governor Gary Herbert has become the latest official to say he will allow Thanksgiving celebrations to go ahead in-person despite CDC warnings. Across the pond, a $1.1 billion bonus for the British founder of newly-listed The Hut Group has sparked grumbles from investors. 

In The News Today

The Biden transition team has finally got access to a .Gov domain and access to federal cybersecurity support after weeks of working off a Google Workspace account.

Top Glove, the world’s largest manufacturer of latex gloves, has been one of the biggest winners of the pandemic but now it has had to shutter more than half of its factories after 2,500 of its workers tested positive for coronavirus. 

Top Take-Aways

Apple’s head of global security was indicted by a grand jury Monday for attempting to bribe law enforcement officers with iPads for concealed firearm permits, the highest-profile tech executive so far roped into the widening Santa Clara Sheriff’s Office scandal.

Utah Gov. Gary Herbert lifted a restriction on social gatherings meant to curb the spread of coronavirus in the state just days ahead of Thanksgiving, becoming the latest elected official who says they’ll allow in-person holiday celebrations that health authorities say will likely spur a surge of new coronavirus cases.

Online underwear brand MeUndies has raised $40 million echoing other big fund rounds from direct-to-consumer brands. Rather than joining the advertising arms race, MeUndies plans to buy out its early investors.

A startup thinks a form of Hawaii seaweed could tackle one of the biggest sources of global greenhouse gases - methane from beef and dairy cows. Symbrosia’s plan to pep up cattle feed with Asparagopsis taxiformis could slash methane emissions by 90%.

As the race to rollout a coronavirus vaccine heats up here is what you need to know about the latest research from AstraZeneca-Oxford, and why this vaccine’s ability to withstand higher temperatures could speed inoculations around the world.

The British founder of The Hut Group, a protein powder and beauty products e-commerce powerhouse, has scored a $1.1 billion share grant just months after its IPO. Matt Moulding now faces grumbles from investors over governance and his generous stock price-linked bonus plan.

Two apps developed by Chinese tech giant Baidu were leaking “sensitive” user data that potentially left as many as 1.4 billion users open to surveillance or cybercrime, according to cybersecurity researchers Unit42.

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In Case You Missed It

In-N-Out Burger plans to open eight new locations this year, and has continued hiring, despite the pandemic shuttering scores of rival restaurants and disrupting supply chains across the industry. The cult burger chain’s drive-throughs and its ownership by the Snyder family helped it steer through the storm.

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