Tesla’s Dented Shares | The $1 Million Airbnb Fraudster | A Nasal Spray Against Covid-19

Plus: Robotrucks Make Walmart Delivery Runs Without Humans At The Wheel

Good morning.

Tesla's stock price was dented by its CEO Elon Musk's promise to abide by the result of a Twitter poll and sell 10% of his shares in the electric automaker. We’re also covering a $1 million scam involving pre-emptive right of shares of Airbnb, a promising nasal spray against Covid-19, and Walmart's trial of fully autonomous delivery trucks.

In The News Today

Bitcoin and ether both soared to new highs, as investors drive surges in most major tokens and push the overall crypto market above $3 trillion.

General Electric shares jumped 15% on the news it plans to split into three separate companies splintering the massive conglomerate built by former CEO Jack Welch. 

Top Take-Aways

Tesla shares fell sharply Monday morning after CEO Elon Musk, the world's richest person, said he would abide by the results of his Twitter poll and sell 10% of his stake in the electric-carmaker.

Robinhood disclosed that the personal information of around 7 million customers had been compromised after an attacker was able to access interal systems at the stock trading app after they "socially engineered" call center staff.

Former President Barack Obama criticized the GOP and the Trump administration for their hostility to climate science in his speech to COP26, which is seeing a robust showing of U.S. politicians. Later today, House Speaker Nancy Pelosi will hold a press conference.

A fraudster posing as an employee of an international asset management company swindled an investor of more than $1 million by offering the opportunity to buy pre-emptive right of shares of Airbnb—three years before the vacation rental marketplace actually went public.

pHOXBIO, a subsidiary of Irish company Raphael Labs, has submitted its herb-based nasal spray for emergency use authorization in India, where it conducted clinical trials earlier this year that showed promising results in protecting against Covid-19.

As the CDC monitors Covid-19 levels around the world, it continues to add countries to its “avoid travel” list. Last week, Belgium, Russia and Slovakia were upgraded to Level 4—ironically, the same alert level as the U.S. 

Today's Must Read

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