Amazon's Cloud King | Alphabet’s Booming Growth | Cannabis' Beast Mode

Plus: Elon Musk’s Ex-Chief Engineer Creates A New Car—And Says It Beats Tesla

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Andy Jassy’s appointment as Amazon CEO is a clear sign of what’s to come for the online behemoth. We also look at how Alphabet’s latest results impact Google cofounders’ net worth and at the latest player to join the booming legal cannabis market. 

In The News Today

Myanmar's military blocked access to Facebook in an attempt to crack down on protests against their coup.

McKinsey has reportedly agreed to pay $573 million to 47 states and five territories over its role in the opioid crisis as advisor to OxyContin maker Purdue Pharma.

Top Take-Aways

Andy Jassy’s appointment as Jeff Bezos’ successor serves as a clear view into Amazon’s future—and that of the tech industry—its way forward lies in the cloud. Fun fact: Jassy owns more Amazon stock than any employee except Bezos, but he’s still not a billionaire.

Google parent company Alphabet reported booming growth in quarterly earnings on Tuesday, increasing the fortunes of the search engine cofounders Larry Page and Sergey Brin by $14 billion.

The Justice Department withdrew a suit brought by the Trump administration against Yale alleging discrimination against white and Asian American applicants. But the fight over affirmative action continues, with a similar case involving Harvard heading to the Supreme Court.

Healthcare provider One Medical has been administering Covid-19 vaccines to people who did not prove they qualified. The company’s policy is to not turn people away, even if state guidelines in California require verifying a patient’s status.

Responses collected by the For(bes) The Culture’s inaugural survey of 450 Black and Brown professionals tell a story of inequity at the heart of corporate America. Mentorship, executive sponsorships, and career development programs offer a way forward.

Canada’s privacy watchdog has ruled against the use of facial recognition company Clearview AI’s software, which allows users to match photographs against the company’s database of more than three billion images scraped from social media profiles.

NFL running back Marshawn Lynch retired from the sport for the third time after the 2019 season. His time off the pitch has been anything but idle—the former athlete is launching a new business venture, tapping into the growing legal cannabis market.

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Rent-to-own startup Divvy Homes has raised $110 million in Series C financing led by Tiger Global. The funding comes despite negative sentiment around the industry, which caters to aspiring homeowners who can’t qualify for a standard mortgage. Using Divvy, buyers can choose the home they want and move in with just a 1% to 2% down payment.

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