D.C.’s Darkest Day | Family Video Folds | Breaking Down The Kimye Divorce

Good morning.

Yesterday proved to be a big day for democracy in America, but one surrounded by dark clouds following the
storming of the U.S. Capitol by pro-Trump supporters. Scroll down for our analysis of the events and their consequences. We also look at the latest updates from the SolarWinds hack and break down the numbers of the rumored divorce between billionaire Kanye West and his wife Kim Kardashian West.

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

In The News Today

Despite the unrest in D.C., the Dow Jones Industrial Average closed at an all-time high on Wednesday.

Georgia’s runoff elections hand Democrats control of the Senate—here’s what they’ll likely tackle first

Top Take-Aways

The outcome of the vote in Georgia tanked shares of a slew of big tech companies, a sign of concern over possible regulatory scrutiny under a Biden presidency.

The NYSE has once again changed course over
delisting three Chinese telecommunications companies affected by President Trump’s executive order, after reviewing its initial decision to delist them last week. 

The Department of Justice has confirmed it was affected by
the massive SolarWinds hack, upon discovering that a small percentage of its Microsoft Office 365 email had been compromised.

With not enough vaccines to meet demand, scientific debate is now focusing on whether to
prioritize giving a first dose of the two-shot Covid-19 vaccine to everyone possible to build some resistance in the population—the FDA, among others, are not convinced.

Humans aren’t the only focus
of Covid-19 vaccination efforts. Italian startup Takis Biotech’s veterinary arm EvviVax, in partnership with New York-based Applied DNA Sciences, are starting clinical trials on cats this month in New York.

One of the world’s most
famous and richest couples are rumored to be getting a divorce. Here’s a look at how Kanye West and his wife Kim Kardashian West may be dividing their fortunes following a split.

It outlived Blockbusters by a decade, but the bell ultimately tolled for
video rental company Family Video too. The company announced it will close its several hundreds locations, but not all is lost for its owners, who retain the real estate underpinning those stores. 

Today's Must Read: What Happened In D.C.?

A procedural Congress vote to confirm the result of the presidential election was disrupted when a mob of supporters of President Donald Trump stormed the U.S. Capitol building on Wednesday to demand the overturn of the election.

The building, a powerful symbol of American democracy recognisable across the world, has seen violent scenes in its 220-year history, but not on this scale—there was looting, there was vandalism, and a shooting resulting in the death of a woman. At least three other people died following medical emergencies on the Capitol grounds, and more than 50 people were arrested. Tense protests also forced the shutdown of state houses across the country, including in Georgia, where Democrats won Tuesday’s two Senate election runoffs.

Lawmakers returned to the Capitol building as soon as it was secured to continue with the vote, which
concluded in the early hours of Thursday morning and formally approved the victory of President-elect Joe Biden. But Wednesday’s events have marked a dark day in America's history, and showed the real world consequences of stocking the flames of populism and extremism, while undermining the democratic process and its institutions.

What Next For Trump

President Trump’s role in this attack on democracy is now under the spotlight. While various world leaders expressed dismay and called for a peaceful transition of power, German Chancellor Angela Merkel specifically called out Trump for refusing to concede defeat, adding: “doubts about the election outcome were stirred and created the atmosphere that made the events of last night possible.”

Trump
reportedly resisted calls to dispatch the National Guard to the Capitol, a decision ultimately made by Vice President Mike Pence. Instead of making a formal address to the nation, Trump appeared in a video published via his social media accounts, reiterating the baseless claims of election fraud and expressing sympathy for his supporters rioting in D.C. before finally urging them to go home. Twitter and Facebook flagged posts from Trump before temporarily blocking his accounts, but the incident has reopened questions about how the social media giants police their platforms, and enabled the president's behavior.

On Thursday morning,
Trump released another statement, this time via the White House Deputy Chief of Staff Dan Scavino’s Twitter account, saying: “There will be an orderly transition of power on January 20,” referring to the date of Biden’s inauguration, but still refusing to acknowledge the result of the election.

The president’s stance is
losing him political allies. Before the vote was disrupted, Senate Majority Leader Mitch McConnell refused to support fellow Republican lawmakers’ objection to the electoral college vote, saying: “the voters, the courts and the states have all spoken.” While a majority of House Republicans objected to the results in Arizona and Pennsylvania after Congress returned in session, Senate Republicans refused to support objections to Biden’s wins in Georgia, Michigan and Nevada. Republican Senator Tom Cotton of Arkansas, who wrote an inflammatory New York Times op-ed in June backing the use of the military against Black Lives Matter protesters, called on Trump to concede and to “quit misleading the American people, and repudiate mob violence.”

At least
four White House officials, including Stephanie Grisham, First Lady Melania Trump’s chief of staff and President Trump’s former press secretary, have resigned in the aftermath of the unrest.

Meanwhile, the nation’s largest industrial trade association, Democratic members of Congress and a handful of Republican politicians were among those who
called for removing the president under section 4 of the 25th amendment, an unprecedented step that was reportedly being discussed among Cabinet secretaries.

In Case You Missed It

 
The Firsts: Here’s Who Is Making History In The 117th Congress
 
 
 
The Firsts: Here’s Who Is Making History In The 117th Congress

The 117th Congress was sworn in over the weekend, ushering in a record-setting number of women, people of color, and members who identify as LGBTQ. Here’s a look at the 10 members redefining what leadership looks like.

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Across Forbes

 
Forbes Diversity & Inclusion Awards 2020: The 2% Solution To Racial Inequality
 
 
 

Diversity & Inclusion

Forbes Diversity & Inclusion Awards 2020: The 2% Solution To Racial Inequality

The summer’s widespread protests forced corporations and small businesses alike to denounce systemic racism and pledge to address pressing equity issues. Here are the year’s most intriguing people and most encouraging trends from the social justice frontlines.

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How Lady Gaga Made Her $150 Million Fortune
 
 
 

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How Lady Gaga Made Her $150 Million Fortune
 

Lady Gaga rose to fame in 2008 with her debut album "The Fame." Her next five studio albums debuted at the top of the Billboard 200 chart. She's collected 11 Grammy awards, as well as an Academy Award. In 2019, she launched makeup line Haus Laboratories, which has raised over $10 million in venture funds. Gaga helped organize April's One World: Together at Home virtual concert, raising about $130 million for Covid-19 relief.

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