Bill Gates’ Climate Plan | The GameStop Billionaire | American Malls’ Epic Makeover

Plus: Biden Beats Trump In Another Demographic—Billionaires

Good morning.

Bill Gates wants you to know two numbers as a starting point to tackling climate change. We also look at how one subprime-lending billionaire cashed in on the GameStop rally and at what Epic Games’ acquisition of a 980,000-square-foot mall means for dying retail properties.

In The News Today

Two of the three Covid-19 cases that forced New Zealand’s capital into lockdown were confirmed to have been infected with the U.K. variant known as B.1.1.7.

As European Union lawmakers consider introducing new rules governing gig economy platforms, Uber has urged them to look to recently enacted regulation in California.

Top Take-Aways

Bill Gates lays out his plan to tackle climate change in a new book. Speaking to Forbes, the world’s fourth-richest person shares how much he’s invested in zero-carbon companies, which ones he’s most excited about, and what he’s likely to invest in next.

Lawmakers on both sides of the aisle are calling for the creation of a congressional commission to investigate the January 6 riot at the U.S. Capitol, after former President Donald Trump was acquitted of inciting the insurrection in his second impeachment trial.

After focusing on retail, Reddit day traders focused on weed stocks. In a matter of days, the stock prices of Canadian cannabis producers listed in the U.S. shot up by hundreds of percentage points. Yet, a steep reversal came Thursday as traders cashed in on gains.

An undisputed winner of the so-called meme stock rally saga is Donald Foss, a subprime-lending billionaire and previously one of GameStop's biggest shareholders, who cashed in big at the end of 2020. Other key players will instead testify before Congress this week.

Walgreens Boots Alliance was revealed to be an investor in SeekMedicare, a subsidiary of Clover Health that Walgreens was promoting to its customers age 65 and older. SeekMedicare is one of twelve Clover Health-related issues currently under federal investigation.

Talk show host Jeannie Mai is among a number of celebrities and activists—including actors Daniel Dae Kim and Daniel Wu—who are drawing attention to a string of racially motivated attacks against Asian Americans. She speaks to Forbes about her advocacy.

Epic Games, maker of the Fortnite video game franchise, is acquiring a 980,000-square-foot mall in Cary, North Carolina, which it will refashion as its new headquarters by 2024. It’s one of many examples of how dying retail properties have been given a new lease of life.  

Today's Must Read

In Case You Missed It

The $2.2 billion initial public offering of dating application Bumble on Thursday went off like so many before it. However, instead of generating yet another big haul for a handful of Sand Hill Road venture capital firms, it was Blackstone Group, the world’s largest private equity firm, that also hit the jackpot on the IPO. 

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