Biden’s Stimulus Unpacked | JPMorgan's Profit Record | Bill Gates: Top Farmland Owner

Plus:  Another Tenant Wants Out Of Donald Trump's Wall Street Skyscraper

Good morning.

We look inside President-elect Joe Biden’s “America Rescue Plan.” We also cover what’s at stake for Virgin Orbit’s next launch—serving its “first customer,” NASA—and talk to Airtable CEO Howie Liu about his company’s massive 2020 hiring spree.

In The News Today

Corey Johnson became the 12th death-row prisoner to be executed since President Donald Trump ended a 17-year hiatus on federal executions in July.

JPMorgan Chase's fourth-quarter earnings shattered Wall Street expectations, posting a record $12.1 billion profit.

Top Take-Aways

President-elect Joe Biden unveiled his $1.9 trillion “America Rescue Plan.” Here’s an overview of the stimulus package, and we also look at its tax aspects and why it does not include student loan forgiveness.

Bill Gates may be known more for his programming skills than his love for the outdoors, but the world’s fourth-richest person has been purchasing agricultural land for years, and he’s now become the top private farmland owner in America.

Virgin Orbit, billionaire Sir Richard Branson’s small satellite launch startup, is planning to make its second launch attempt this Sunday, carrying a payload for NASA. However, the deepening relationship between Virgin and NASA comes with increased risk.

After the storming of the U.S. Capitol last week, many ad campaigns were suspended. While some are resuming, many advertisers are still in “wait and see” mode as they balance business goals navigating the current political climate.

The pharmaceutical industry is preparing for the Covid-19 line of business to be recurring and long-lasting. On the vaccine front, a coalition pushes to make digital vaccine ID cards a reality, while a number of companies announced financial incentives to get their frontline employees vaccinated.

Private equity giant TPG has closed on a $500 million investment into HR software startup Greenhouse, taking a majority stake in the company. It’s a loud endorsement of the startup, following a turbulent year in which it both laid off employees and reported surging revenue.

Cloud software company Airtable’s head count has tripled over the last year to more than 300 people. CEO Howie Liu shares his strategy, thinking, and process behind the hiring spree, which includes a new C-suite. 

Today's Must Read

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Shares of online thrift store Poshmark soared 142% on its first day of trading on Thursday, pushing its valuation above $7 billion. The company, which listed its shares on the Nasdaq under the ticker symbol “POSH,” raised more than $277 million in the offering.

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