Trump Hotel Sale | Bilbo Bags A Billion | America’s Top 100 Small-Cap Stocks

Plus: The Billionaire Chairman Of Vaccine Maker Moderna Wants To Reinvent Scientific Entrepreneurship

Good morning.

The Trump Hotel in Washington D.C. is back in the news as the Wall Street Journal reports a deal was reached to sell the rights of the property for $375 million. We’re also looking into Lord Of The Rings director Peter Jackson’s new billionaire status, and the 100 top small-cap stocks offering big returns. Finally, don’t miss this story about how the billionaire chairman of vaccine maker Moderna built a fortune pushing scientists to investigate seemingly unreasonable ideas.

In The News Today

Nine-year-old Ezra Blount became the tenth person—and the youngest—to die following a crowd surge at the Astroworld Festival in Houston earlier this month.

Austria has sent millions of unvaccinated people into a 10-day lockdown as it battles to contain record levels of Covid-19.

Top Take-Aways

As U.S. President Joe Biden and China’s President Xi Jinping prepare to gather virtually today, a recent opinion poll indicates how wary Americans have become of China in the past few years and the complex environment businesses in both countries face.

The final gavel fell at COP26, but the text of the Glasgow Climate Pact, watered down at the last minute, leaves much to be desired in the eyes of those for whom a rapidly warming plant is an urgent matter of life or death. 

The Trump Organization has reached an agreement to sell its International Hotel in Washington D.C. for $375 million, according to the Wall Street Journal—slightly more than what was first reported last month.

A retired two-star general is taking Rep. Patrick Fallon (R-Texas) and his wife to court over potential claims that may include fraud, breach of fiduciary duties and interference with contractual relationships.

Lord of the Rings director Peter Jackson’s foray into visual effects through his shop Weta Digital has paid off big time. Last week, Weta sold a chunk of its assets for $1.6 billion to Unity Software, which makes software for video games. Forbes conservatively estimates the deal officially makes Jackson a billionaire.

Mega-caps, like Tesla and Apple, continue to rule the stock market. But over the long term, small-caps offer investors more bang for their buck. Here are your best bets for 2022. 

Today's Must Read

In Case You Missed It

Dozens of U.S. lawmakers are asking President Biden to apply the same requirements imposed on foreign travelers entering the country—namely, proof of Covid-19 vaccination and proof of a negative Covid-19 test—to domestic air travel.

Tips You Can Trust

Predicting which careers will flourish in a post-pandemic world isn’t easy, but some definite trends have emerged. If you are considering a career change, here are the top five growing fields in the years ahead. 

When presented with a salary offer for a new job, it may be tempting to just accept—but first, consider these five signs that you should ask for more money before doing so.

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