Biden’s Infrastructure Bonanza | JPMorgan Chases Tesla | ‘Avoid Travel’ List’s New Entries

Plus: Video Game Billionaire: Soaring Stock Makes Unity Software CEO Super Rich

Good morning.

The $1.2 trillion infrastructure package, one of the largest in U.S. history, is now law—we take a closer look at what is in it. We’re also covering JPMorgan Chase’s lawsuit against Tesla, and the latest destinations ending up on the CDC’s “avoid travel” list. Don’t miss this story on the latest video game CEO joining the billionaire ranks. 

In The News Today

The first of two auctions to unload the art collection of New York real estate tycoon Harry Macklowe and his ex-wife Linda fetched $676 million and is on track to set a new record.

Polish security forces used water cannons against migrants who had gathered at the country's border with Belarus, seeking passage into the European Union. 

Top Take-Aways

President Joe Biden has signed into law one of the largest infrastructure packages in U.S. history after months of bipartisan negotiations and tense political infighting. Here's what you need to know about where the massive new spending will go.

JPMorgan Chase sued Tesla for $162 million, accusing the carmaker of breaching a contract over stock warrants after CEO Elon Musk tweeted about taking the company private in 2018. Shares of the company are still down following Musk’s latest controversial tweeting.

Pfizer and Ridgeback Therapeutics signed a deal with the United Nations-backed Medicines Patent Pool (MPP) that will allow manufacturing of their Covid-19 antiviral treatment Paxlovid in 95 low and middle income countries around the world.

Shares of Rivian, the best-funded electric vehicle startup in U.S. history, continued to gain momentum, so much so that the California company currently ranks as the world’s third most valuable automaker.

A new collaboration between Nike and rapper Travis Scott planned to drop on December 16 has been postponed after dozens of people were killed or injured due to a crowd surge at his Astroworld concert earlier this month.

The CDC added four more European destinations to its Level 4 “avoid travel” advisory risk, which denotes an area reporting more than 500 new Covid-19 infections over 28 days per 100,000 people.

Today's Must Read

In Case You Missed It

Biotech R&D company Benchling joins the ranks of unicorn startups after raising a $200 million round led by Sequoia Capital Global Equities at a $4 billion valuation—nearly five times what it was worth last May. 

Tips You Can Trust

These six work-related traits are usually praised and celebrated as critical markers of human talent or potential, but there’s little evidence of their impact on high job performance or productivity.

Thanksgiving is approaching, but gratitude can be practiced any time of year—all it takes are two simple steps.

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