Dow Jones 30k | A $2 Billion Handshake | The Worst Deal Ever Returns

Plus: No, Elon Musk Is Not The Second Richest Person In The World -- Here's Why

Good morning.

The recent stock market rally has helped the Dow Jones Industrial Average crack 30,000 points for the first time on positive news about vaccine research, and the presidential transition, meanwhile President-Elect Joe Biden revealed his priorities for the start of his administration and shot down claims that this would be a “third Obama term.” 

The Daily Dozen will be taking a Thanksgiving break on Thursday 26, and Friday 27, and will return on Monday 30 November. Have a safe, and thankful holiday. 

In The News Today

President-elect Joe Biden outlined his plans for his first 100 days in office in an interview with NBC News promising a new immigration bill, a rollback of Trump’s environmental executive orders, and more financial support for states to fight the pandemic. 

The Duchess of Sussex revealed her “almost unbearable grief” after having a miscarriage in July in an op-ed that calls for people to ask others “are you ok?” over Thanksgiving. 

Top Take-Aways

President Donald Trump claimed credit for the Dow Jones Industrial Average hitting 30,000 during a brief news conference on Tuesday, citing progress on a Covid-19 vaccine, though the stock market spike also came just one day after his administration authorized the Biden transition.

Federal health experts could start asking people exposed to the coronavirus to stay at home for just seven to 10 days, down from the two-week quarantine that’s currently recommended by the CDC. 

Kazakh fintech Kaspi was the toast of London with its IPO earlier this year valuing the business at $6.5 billion. Now it faces questions over a confusing deal that saw one of its executives pick up a $2 billion stake in the business. 

It was branded the worst deal ever. Now, the tangled saga of Stubhub’s $4.05 billion bid to acquire rival ticketing marketplace Viagogo just as the pandemic virtually shuttered all live events has become even more complicated with one of the cofounders mounting a rival bid.

Ransomware attacks, where hackers steal computer files and demand money in return, have exploded during the pandemic and have helped cybersecurity startup Coalition to double revenues to $100 million.

Federal prosecutors have indicted two Houston men over an alleged scheme to charge a foreign government $300 million for a huge order of N95 masks they did not possess. 

Scotland has become the first country in the world to make period products free as a part of a campaign to eliminate “period poverty”.

Today's Must Read

In Case You Missed It

In some welcome good news, insurers Cigna and Humana have announced that they will waive cost-sharing and co-payments for patients diagnosed with Covid-19. The move comes amid a new spike in coronavirus cases, and reports that some hospitalized patients were hit with seven figures bills for their treatment.

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