Bill Gates' Covid-19 Warning | Cyberpunk's Crashing Reality | The Fiskers Take On Tesla

Plus: ESG Investing: A Sizzling Sector That Will Get Even Hotter Under President Biden

Good morning.

Bill Gates warned the worst of the pandemic is yet to come. We also look at the rise and fall of the fortunes of the Polish founders behind the Cyberpunk 2077 video game, and whether power couple Henrik Fisker and Geeta Gupta-Fisker can successfully take on Tesla.

In The News Today

The latest espionage attack on the U.S. government is not limited to the Treasury and Commerce departments—the breach could go right to the heart of America’s national security apparatus.

Disgruntled workers trashed an iPhone manufacturing facility in the southern Indian state of Karnataka demanding to be paid their wages and better work hours.

Top Take-Aways

Bill Gates urged us not to get carried away with enthusiasm at the news of the FDA granting Emergency Use Authorization to Pfizer and BioNTech’s Covid-19 vaccine. The billionaire philanthropist warned that the deadliest period of the pandemic is yet to come.

New week, same stalemate over the stimulus package. Key point of contention is the inclusion of more federal aid to state and local governments, wanted by Democrats but opposed by Republicans—meanwhile, President Trump has called for a new round of stimulus checks.

CD Projekt cofounders Michał Kiciński and Marcin Iwinski became billionaires this year thanks to the hype surrounding their new video game release, Cyberpunk 2077. But as reality failed to meet expectations, the Polish entrepreneurs’ net worth nosedived by hundreds of millions as grumbles from gamers and investors saw the game studio's share price tank by 35.8%

Famed car designer Henrik Fisker is mounting a comeback seven years after his pioneering electric vehicle company collapsed. This time he has a secret weapon: Geeta Gupta-Fisker, his cofounder, CFO–and wife.

Diagnostic firm Fluxergy’s pivot to Covid-testing was supposed to give it a huge boost–but even with generous backing from Kingston Technology’s John Tu, it’s stuck in limbo.

Reddit has acquired video social media app Dubsmash. Known mostly for its online communities where users trade messages and pictures, the deal allows Reddit to add a new arrow to its bow and compete against TikTok, Snapchat and Instagram.

This fast-selling line of pantry staples is helping culinary brand Momofuku survive the pandemic, taking inspiration from the fashion world for its successful tactic of dropping small-batch and surprise releases.

Today's Must Read

In Case You Missed It

As Indonesia’s Covid-19 cases crossed the half-million mark—the biggest outbreak among Southeast Asian countries—the country slipped into its first recession since the 1997 Asian financial crisis. Over half of the nation’s 50 richest saw their fortunes decline from a year ago—but, despite these downdrafts, the collective wealth of Indonesia’s super wealthy was down only 1.2% from last year’s list to $133 billion.

Tips You Can Trust

4 Out Of 10 Things You Do Every Day Are Mindless: Here’s How To Choose The Other 6

9 Surprising Things Holding You Back From Being Successful

Across Forbes