DoorDash’s Great Expectations | Elon Musk’s New Home | Bill Gates’ Recommended Readings

Plus: NHL Team Values 2020: Hockey’s First Decline In Two Decades

Good morning.

DoorDash is debuting on the New York Stock Exchange today in what some expect to be yet another blockbuster IPO. We also look at a new stimulus bill proposal, and at Bill Gates’ top book picks for 2020.

In The News Today

United Arab Emirates health officials have announced China’s Sinopharm Covid-19 vaccine has 86% efficacy, but didn’t supply any data from the trial to validate the claims.

A case of Covid-19 on board a Royal Caribbean cruise in Singapore, one of the only countries currently allowing cruises, has forced 2,800 passengers and crew into their cabins ahead of disembarking the ship.

Top Take-Aways

The Trump administration has announced a new stimulus package proposal worth $916 billion, separate from the bipartisan $908 billion proposal and Mitch McConnell’s much smaller plan. Confused about what’s happening? Here’s a breakdown of the roadblocks.

Last-minute donations to joint fundraising committees supporting Joe Biden and the Democratic National Committee included six-figure checks from a small group of billionaires and spouses of billionaires, including former Donald Trump supporter Jennifer Pritzker.

Texas is the new California, at least for Elon Musk. The billionaire—who now ranks as the world’s second richest person—confirmed he’s moved to the Lone Star state.

DoorDash is set to float on the NYSE today in what’s expected to be one of this year’s final blockbuster IPOs. But some analysts don’t share the markets’ enthusiasm for the food delivery app’s shares.

Not every entrepreneur is joining the IPO rush. Gotham Greens cofounder and CEO Viraj Puri, for instance, focused instead on private investment for the next stage of expansion of his firm’s greenhouse network, raising $87 million.

The 3D printing space is consolidating. Pioneering company Stratasys has agreed to buy startup Origin in a $100 million cash-and-stock deal that Stratasys hopes will help fortify its existing market position—expanding Origin’s reach in the process. 

Bill Gates shared his top five favorite books of 2020 in the hope that readers can end "a lousy year" on a good note.

Today's Must Read

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2020 may prove to be a year that Crocs remembers for a long time. Though the brand was forced to close many of its retail locations earlier this year due to the pandemic, sales are slated to be higher than ever, partially thanks to a series of shrewd collaborations with its celebrity fans.

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