Jared And Ivanka’s New Neighbors | Virgin Orbit’s Milestone | The Meaning Of MLK Day

Plus: How Much Money Will The Capitol Riot Cost Trump?

Good morning.

To mark Martin Luther King Jr. Day, we explore the holiday’s significance in 2021. We also look at Jared Kushner and Ivanka Trump’s new neighborhood and report on the latest developments in the billionaire space race.

In The News Today

Following concerns about a possible insider threat from among the troops, the FBI is vetting all of the 25,000 National Guard troops who will be stationed in D.C. for President-elect Joe Biden’s inauguration.

The FBI is also investigating whether a Pennsylvania woman, who is seen in videos inside the Capitol during the riots, stole a laptop or hard drive from Speaker Nancy Pelosi’s office to sell it to Russia.

Top Take-Aways

Kremlin dissident Alexei Navalny was arrested soon after landing in Russia from Germany, where he was recovering from a poisoning attempt. The move may be buying President Vladimir Putin some respite from criticism at home—but not from abroad.

Samsung vice chairman Jay Y. Lee, the heir to South Korea’s largest conglomerate, was sentenced on Monday to two-and-a-half years in prison in relation to the 2017 bribery conviction.

In D.C., Jared Kushner and Ivanka Trump counted the Obamas among their neighbors. In their newly acquired $32.2 million property in Florida’s Indian Creek, a luxury island community, they’ll join a concentrated brew of wealth and influence.

Sir Richard Branson has officially joined fellow billionaire Elon Musk in the space race after his Virgin Orbit achieved the long-anticipated milestone of actually reaching orbit—a success that came at a $1 billion cost.

Bumble Inc. filed for an IPO on Friday. Notably absent from the company’s history in the prospectus: Russian billionaire Andrey Andreev, a founder who provided the technical support behind the company’s two dating apps, Bumble and Badoo.

Billionaire Mark Cuban’s latest venture focuses on tackling the high cost of prescription drugs in the U.S. The Mark Cuban Cost Plus Drugs Company launched out of stealth last week and aims to sell 100 different generic drugs at transparent prices by the end of year.

In honor of Martin Luther King Jr. Day, Forbes contributor Douglas Haynes discusses the meaning the holiday holds in 2021.

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