Buffett’s Milestone | Rivian And Tesla Stock Skid | Omicron’s Impact On Children

Plus: Top-Earning TikTokers 2022: Charli And Dixie D’Amelio, and Addison Rae Expand Fame—And Paydays

Good morning.

Shares of electric vehicle companies such as Tesla and Rivian have come under intense pressure this week as investors appear to cool on sky-high valuations amid uncertainty over profitability and increased competition from legacy car-makers. We’re also covering Warren Buffett’s Berkshire Hathaway soaring instead to new heights, and what is driving high numbers of children requiring hospitalization due to Covid-19. Finally, we unveil how TikTok’s top-earning stars have expanded fame and paydays.

In The News Today

Trump Media and Technology Group, former President Donald Trump’s new company, indicated it’s planning to launch its social media platform on February 21.

Czech tennis player Renata Voracova is reportedly facing expulsion from Australia on the same grounds as Novak Djokovic.

Top Take-Aways

Having started the year on a high, shares of electric vehicle maker Tesla dived 11% from their Monday peak. Electric truck startup Rivian has also seen its shares plunge 15% after Amazon, one of its largest shareholders, placed a large order with a competitor.

Shares of billionaire Warren Buffett’s investing conglomerate, Berkshire Hathaway, continued their new year rally on Thursday, bringing the company’s market value to a new high of over $700 billion—and putting it within reach of the trillion-dollar milestone.

Scammers convinced a North Carolinian to cash in his savings and transfer the money into bitcoin held in a Coinbase account. The banks didn’t block the suspicious transactions, but the crypto exchange froze the funds.

Experts believe record high numbers of children hospitalized with Covid-19 in the U.S. are driven by low vaccination rates and the contagious omicron variant. The worrying trend could also be worsened by unique complications related to how the strain infects the lungs. 

Metrics-based return to office plans, digital whiteboards, and an enduringly hot job market are among the main themes corporate leaders, human resources advisers, and technology experts predict will dominate the world of work in 2022.

Caesars Sportsbook, DraftKings, FanDuel and Rush Street Interactive won approval from New York gambling regulators to launch the state’s online sports betting market this weekend, which some analysts estimate to hit $1 billion in annual revenue.

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