Trump-Touting Tycoons | Boeing’s New Blow | The $2.1 Billion Kimye Divorce

Plus: College Financial Grades 2021: Will Your Alma Mater Survive Covid?

Good morning.

A new incident involving a Boeing aircraft put the airplane manufacturer under FAA’s scrutiny. We also take a deep dive into the billionaires who backed Donald Trump’s 2020 presidential campaign and at how one of entertainment’s power couples may be splitting their $2.1 billion assets in their upcoming divorce.

In The News Today

UN Secretary-General Antonio Guterres warned white supremacist and neo-Nazi groups, already deemed a domestic security threat in several countries, risked becoming a “transnational threat.”

Boeing recommended airlines ground its wide-body 777 jets equipped with a particular engine, after one broke apart mid-flight on Saturday. 

Top Take-Aways

In the third instalment of our series on billionaires’ 2020 political donations, we look at the 133 superrich donors who pitched in for Donald Trump’s presidential campaign: they collectively make up about 14% of all American billionaires and tend to fall in a few specific categories.

Gig companies in California claim additional small fees are needed to pay for Proposition 22, which sees gig workers as entitled to some benefits even if they are independent contractors. Labor advocates say the price hike is a “corporate bait and switch.”

Evidence of Covid-19 inoculation increasingly looks set to become a travel must-have, with Crystal Cruises imposing a vaccination requirement for passengers and Hawaii is working to develop a vaccine passport.

After months of speculation, Kim Kardashian has filed for divorce from her husband of seven years, Kanye West. A prenuptial agreement should make dividing their $2.1 billion combined assets much easier. Here’s a look at how they will likely be split. 

Between 2012 and 2020, Instagram influencer Ramon "Hushpuppi" Abbas flaunted his riches online—but all that glitters isn't gold. According to the U.S. Department of Justice, Abbas was involved in various scams, including one working with North Korean hackers.

Supplemental federal unemployment benefits are set to expire in mid-March. But when they do, those who still qualify may actually see their benefits climb, as proposed in the “American Rescue Plan Act of 2021.” For those concerned more government support will lead to inflation, a reminder that debates over what is supposed to happen miss the real issue.

In newly released guidance on new flexible rules for healthcare and dependent care FSAs, the Internal Revenue Service has included a new Covid-19-relief surprise: Employers can allow employees to make changes prospectively to healthcare coverage for 2021. 

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