Good Afternoon, it’s Friday, November 12th. And you’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.
Bloomberg reported that in September, a record 4.4 million Americans quit their positions, undermining companies' efforts to fill a near-record number of openings. Meanwhile, the number of open vacancies has fallen to 10.4 million. The quits rate, or the number of quits in a given month as a percentage of total employment, rose to 3% in September, setting a new high in data dating back to 2000.
The Washington Post reported that right after the Virginia race, parents in Spotsylvania County rushed to the school board, to remove novels like "Call Me By Your Name," a popular book about a gay romance, and "33 Snowfish" about three homeless teenagers. The claim was that these types of books are exposing children to sexual assault and child pornography. The board decided unanimously to withdraw all "sexually explicit" books for review from the district's libraries. Currently, all 29 of the district's librarians are combing through tens of thousands of volumes.
The Financial Times covered that over a four-year span, Jes Staley exchanged 1,200 emails with Jeffrey Epstein. According to those acquainted with the contact between the former Barclays CEO and the convicted sex offender, the content featured inexplicable phrases such as "snow white." Staley resigned from Barclays this week following an investigation by UK authorities on whether he mischaracterized his relationship with Epstein as solely professional. He has said that he will appeal the results.
Wired took a deep dive into chip shortages, stating that the semiconductor supply chain has been strained in new and difficult-to-resolve ways. Demand is outpacing chipmakers' ability to provide it, particularly for basic-yet-common components. According to the Semiconductor Industry Association, global chip shipments declined 12% in 2019. However, the firm anticipated in December 2019 that worldwide sales will climb 5.9 percent in 2020 and 6.3 percent in 2021.
According to the Wall Street Journal, Johnson & Johnson plans to split into two companies, separating its $15 billion-a-year segment, its high-margin but less predictable prescription-drug and medical-device businesses, from its storied but slower-growing consumer group, resulting in two publicly traded companies. Band-Aid bandages, Tylenol medicines, and Johnson’s Baby Powder distributer's shift indicate how much healthcare has changed since the company helped pioneer the industry.
According to The Verge, A Tesla Model Y in "Full Self-Driving" (FSD) beta mode apparently crashed on November 3rd in Brea, a city southeast of Los Angeles, marking the company's controversial driver aid feature's first incident. The incident did not result in any injuries, although the car was apparently "severely damaged."
Today, Entrepreneur is celebrating the 28th anniversary of the Ultimate Fighting Championship, the most well-known MMA league. UFC began as an experimental competition to determine the best effective fighting method and has now grown to become a sporting event that reaches over 800 million people in over 128 countries. It has staged 268 editions, which, when combined with fight nights, totals around 586 events.
Techcrunch announced that Weflow, a Berlin-based business, secured $2.7 million in pre-seed investment led by Cherry Ventures to bring its solution to market. Weflow, which is still in private beta, speeds up Salesforce updates and reduces much of the busy work that consumes salespeople's time, which is used by 83 percent of Fortune 500 companies to improve sales productivity. Users may join up using their Salesforce account and quickly access deals, tasks, notes, and activities.
That’s all for today. Be sure to download the Ausum app to get the full Ausum experience. Catch you next time for the Ausum News Briefing every weekday, morning, and afternoon.