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- Thursday, November 14
Thursday, November 14
What you missed today
Good evening!
Lots of shake-ups today.
Here are the 7 things you missed today:
1. 💸 EV Tax Credit Is Going Away
TL;DR: President-elect Donald Trump’s administration is expected to kill the $7,500 consumer tax credit for electric vehicle purchases as part of broader tax-reform legislation – a move supported by EV maker Tesla.
Why you should care: Ending this consumer tax credit could have major impacts on EV production and sales in the US while also signaling similar tax reforms to come.
2. ⚠️ Web Traffic ≠ Sales
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3. 💶 Europe Fined Meta $840M For Antitrust Breach
TL;DR: The European Union fined Meta €798 million ($840 million) for tying its classified ads Facebook Marketplace service to its personal social network Facebook and imposing unfair trading conditions on other online classified ads service providers.
Why you should care: The EU is finally taking action on concerns and investigations it’s raised on tech companies over the past few years, so know that they’re not messing around about antitrust and consumer protections.
4. 🛠️ Things Worth Checking Out
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5. 💉 Vaccine Maker Stocks Fell With RFK Jr. Nomination
TL;DR: President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services – a move that has sent shares of vaccine makers Moderna and Pfizer falling.
Why you should care: Changes in administration are expected to bring more volatility to share prices and industry-wide financial expectations – and we’ll see what industry is affected next.
6. 📰 The Onion Acquired Infowars
TL;DR: Satirical news outlet The Onion has acquired right-wing site Infowars as part of Alex Jones’ bankruptcy auction, which occurred after Jones was sued for spreading disinformation about the victims of the Sandy Hook Elementary School shooting.
Why you should care: This is a major acquisition of one niche media network by another niche media network, and it’ll be interesting to see what The Onion does with the site and its audiences.
7. ☕️ Starbucks Is Bringing Back Self-Serve Milk & Sugar
TL;DR: Starbucks locked away milk and sugar from guests early in the Covid-19 pandemic, but they’re finally bringing the self-serve stations in all stores by early next year as part of new CEO Brian Niccol’s push to turn the company around.
Why you should care: This may seem like a small thing, but these gradual actions can make a major impact in bringing customers back to stores by providing a commonly asked for accommodation – not a big flashy new thing.
Bonus. CEO Tip Of The Day
Here’s a hard pill to swallow: Sometimes great execution isn’t good enough. Sometimes, to make something magical – like a great new product – it’s more a feeling, rather than an objective end goal.
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