Good Afternoon, it’s Monday, November 8th. And you’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.

According to Bloomberg, Elon Musk asked his Twitter followers if they thought he should sell 10% of his Tesla stock. Approximately 58 percent of the 3.5 million respondents supported the hypothetical transaction, which Musk promised to uphold. According to KoGuan's research, Musk has millions of Tesla stock options that must be exercised by next year or face a 53 percent income tax and a $15 billion penalty. Instead, selling 10% (worth about $21 billion) would result in a lower, 20% long-term capital gains tax.

In response to the poll, the Financial Times adds, Tesla shares, which have risen about 70% this year, pushing the company's valuation beyond $1 trillion, were down 5% in early trade. The online survey resulted in a split of opinions. Some lauded the potential advantages of Musk's sale, while others believed that Musk, whose Twitter following surpasses that of other corporate leaders, was just looking for support for a sale he might have intended to make anyway.

According to The Guardian, Barack Obama has urged world leaders to "stand up and step up swiftly" to avert a climate calamity, explicitly targeting China and Russia for failing to decrease emissions quickly enough. Obama also blames the Covid-19 pandemic, the rise of nationalism in countries such as the United States, and disinformation spread via social media that all damaged the global effort to tackle climate change. However, concluding that "cynicism is the refuge of cowards, and we can't afford pessimism."

The Washington Post reported that today, the House Jan. 6 panel

subpoenaed six senior aides to former President Donald Trump, including two who were involved in the Willard hotel "command center," where Trump's close allies watched efforts to overturn the 2020 election. Among them are professor John Eastman and former New York City police commissioner Bernard Kerik.

The Independent reported that Travis Scott has offered to pay for the funerals of the Astroworld Festival victims. The rapper and the festival's organizers are facing more than a dozen lawsuits and at least two criminal investigations in connection with the catastrophic stampede, which killed eight people and wounded 300 more.

Business Insider reported that the housing scarcity has put homebuilders under unprecedented strain. The South accounts for 54% of new starts, leaving purchasers on both coasts with little new supply. Contractors, unsure what to do, are targeting the most affluent buyers: those who can afford a higher-end home, resulting in Millennials and baby boomers competing for a limited number of starter houses. Even in the South, builders are having difficulty locating a property to build on. According to BofA, land constraints will limit future building more than cost or manpower problems.

According to TechCrunch, Apple has stated that it would not close the App Store to developer submissions over the holidays. The regulation change will be appreciated by developers, who are frequently concerned that they would be unable to submit apps. Apple may have also understood that the holiday season is the worst time to close its doors.

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Good Morning, it’s Monday, November 8th. And You’re listening to Ausum’s Morning News Briefing, where we round up the top latest articles that everyone is talking about.

Tens of thousands of protesters gather in Glasgow, where the COP 26 climate conference is taking place. Forbes reports the protesters are demanding bolder action from governments to tackle the climate crisis.

A Washington Post investigation has found that many of the climate pledges made at COP 26 are based on flawed data. This examination has exposed a giant gap between countries' reported emissions and the greenhouse gases they are sending into the atmosphere.

US households will have to deal with the expected rise in winter heating bills. The New York Times announced that this is the next inflation threat.

On Saturday, Biden signed a $1 trillion infrastructure bill into law. Inc states this has led the way for the single largest public works deal since 1956. The bill will benefit small businesses by improving aspects like US transportation and broadband.

Israel has escalated it’s surveillance over Palestinians. The Washington Post reported that the Isreali Military is now using facial recognition to monitor Palestinians. This has been said to raise privacy concerns as well as fear that inaccuracy could lead to people being misidentified.

Xi Jinping spoke at a key meeting in front of China’s political elite, The Guardian states Xi set out the vision for China’s future. Within this he vowed for the “unification” with Taiwan.

Elon Musk used a Twitter poll to determine whether he would sell 10% of his Tesla stock. The Verge announced that Musk claimed selling his stock would be to pay more tax; the poll resulted in the majority of people saying yes to selling stock.

Following the deadly Texas Astroworld concert where eight people were killed and dozens injured, The Guardian states rappers Travis Scott and Drake are being sued for having “incited mayhem”.

Forbes has announced that bomb threats have recently led to evacuations in several Ivy League Universities including Brown and Columbia. The Police have not yet noted who was behind the threats.

Finally, The New York Times reports that the US has lifted its travel ban on fully vaccinated foreigners. This comes after 18 months of restrictions on international travel which separated families and cost the global travel industry.

That’s all for today. For the full Ausum experience, make sure to download the Ausum app. Catch us, every weekday, morning and afternoon.

Good Afternoon, it’s Friday, November 5th. And You’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.

According to Bloomberg, the October employment report revealed a stronger-than-expected increase in hiring in the United States.  The labor-force participation percentage for employees aged 25 to 54 increased to 81.7, which is much higher than the pandemic low. Still, participation is much below pre-pandemic levels. Employers will need to continue increasing pay and other incentives to get employees to return.

According to the Financial Times, in a late-stage experiment, Pfizer's Covid-19 oral antiviral medication reduced the risk of hospitalization or death by 89%. The company concluded the experiment due to "overwhelming effectiveness."  The medicine is intended to inhibit an enzyme required by the virus for replication. The antiviral might be provided as an at-home therapy as an oral medication. Pfizer has committed to selling 500,000 pills to Australia, 250,000 doses to the United Kingdom, and 70,000 doses to South Korea.

More on the spending package, Washington Post on Friday, moderates and liberals clashed in the House over whether or not to approve President Biden's $3 trillion spending proposals. Party legislators hoped for two major victories: the first, a $1.2 trillion bill to restore the nation's infrastructure, and the second, a nearly $2 trillion package to restructure the nation's health care, education, environment, immigration, and tax laws. Democrats can only afford to lose three votes in the tightly split Senate, or else a key portion of the president's program would collapse.

According to the Wall Street Journal, employer vaccination and testing regulations go into effect 4th of January. Many firms will be required to guarantee that their employees are vaccinated or tested for Covid-19 every week under the Biden administration's new vaccine regulations, which will encompass more than 80 million people.

The Independent reported that four Americans were hurt in a beachside shootout between Mexican gangsters in Cancun, which killed two suspected drug traffickers and sent visitors fleeing for safety. A US official informed on the event confirmed to ABC News that the Americans had been injured, with one apparently wounded but recuperating well in hospital and the other three suffering minor injuries.

According to TechCrunch, the section 1045 rollover can salvage QSBS before five years. Qualified Small Business Stock (QSBS), also known as Section 1202 stock, allows you to avoid paying capital gains tax entirely provided certain conditions are satisfied. The House Ways and Means Committee's draft legislation contains a proposal to reduce the 100 percent exclusion for profits realized on the sale of QSBS to a 50 percent exclusion. A 1045 rollover allows founders and investors to take advantage of a variety of tax advantages and possibilities. By spreading the QSBS exclusion across many new investments, stockholders can compound — or "stack" — the advantage of a 1045 rollover.

Business Insider covered Zillow's massive losses, laying off 2,000 people and losing $10 billion in value. Rich Barton, CEO of Zillow, originally claimed that the company will generate $20 billion in sales each year. Internally, Zillow was facing massive losses on hundreds of properties that it had acquired to resell for a profit later on. Barton said that the company's iBuying segment, which specializes in buying properties online with all-cash, will be closing and laying off around 2,000 employees. The announcement kicked off a two-week roller-coaster ride for the real-estate website.

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.

Good Morning, it’s Friday, November 5th. And You’re listening to Ausum’s Morning News Briefing, where we round up the top latest articles that everyone is talking about.

The Guardian has reported that the ‘luxury carbon consumption’ of the top 1% is threatening the global heating limit of 1.5C. This consumption includes space travel and the use of private jets.

The top EU negotiator has said he expects tensions with China to rise as the COP 26 climate talks heat up, Axios announced.

The Trump organization is facing a new grand jury in Manhattan. Bloomberg states the jury is to continue looking into the financial practices of the former president.

The Washington Post noted that US mortgage rates fell for the first time in a month. However, they are expected to continue their climb.

The Federal Aviation Administration has referred 37 of what they called their "most egregious" unruly passenger cases to the FBI. Axios stated this was for the purpose of potential criminal persecution.

Digital Trends reported that Samsung is working on a new Exynos 1280 chipset for their budget phones.

Peloton Interactive Incorporated has plunged, Bloomberg reports that the Peloton pandemic phenomenon has reached a limit and sales have fallen.

Starbuck workers have filed a complaint claiming the company used “a campaign of threats, intimidation, surveillance” to eliminate the drive for unionization. Forbes noted that despite Starbucks operating over 8000 stores in the US, none are unionized.

That’s all for today. For the full Ausum experience, make sure to download the Ausum app. Catch us, every weekday, morning and afternoon.

Good Afternoon, it’s Wednesday, November 3rd. And you’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.

According to Bloomberg, The longest delay in modern history for news on who would lead the Federal Reserve is sparking discussion. According to a Bloomberg poll, economists continue to perceive Powell as the overwhelming choice. However, Roberto Perli, a former Fed official now at Cornerstone Macro LLC, noticed hints of worry over his succession in Treasuries market movements last week. Given how well stocks have performed under Powell, market watchers believe a replacement might spark an instant reaction, at least for a short period.

According to the Financial Times, Opec and its allies oppose US proposals to expand oil production more quickly. The decision enhances the likelihood of a retaliatory response by the United States. The Opec+ group announced on Thursday that it will continue to the strategy devised this summer of progressively raising oil output by 400,000 barrels per day each month since June. It comes amid concerns of a widening supply-demand imbalance.

More on the spending package, Washington Post reveals a new study analyzing the $1.75 trillion plan, supports Democrats' claim that it is adequately funded. House Democrats want to vote on the idea as soon as Thursday. The bill overhauls health care, education, environmental, immigration, and tax legislation.

According to the Wall Street Journal, employer vaccination and testing regulations go into effect 4th of January. Many firms will be required to guarantee that their employees are vaccinated or tested for Covid-19 every week under the Biden administration's new vaccine regulations, which will encompass more than 80 million people.

The Verge reported that customers will no longer be required to wear masks at certain of Apple's retail locations. The company informed staff about the move on an internal note. The decision was made in response to a decrease in coronavirus cases and an increase in vaccination rates. Apple store personnel will continue to be required to wear masks.

According to TechCrunch, Nadine Dorries, the UK's newly appointed secretary of state for digital, is considering speeding up the implementation of criminal punishments targeting social media giants. The draft Online Safety bill featured a provision to hold identifiable persons legally liable for failing to address illegal or dangerous information spreading on their platforms, but it was postponed for two years. The measure was released in draft form in May and is expected to go into effect next year.

Business Insider talked with over a dozen people who had firsthand contact with Dave Portnoy, creator of Barstool Sports, and how operations run at the firm, including eight current or former workers. Some women, as young as 19, who had no professional ties to Portnoy, described having sexually explicit online discussions with him. Three of these women stated they had intercourse with Portnoy, now 44, and that the encounters were terrifying and humiliating, negatively impacting their mental health.

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.

Good Morning, it’s Thursday, November 4th. And You’re listening to Ausum’s Morning News Briefing, where we round up the top latest articles that everyone is talking about.

Regarding the COP 26 climate conference, The Guardian announced that over 40 countries have agreed to phase out coal-fired power. This includes major coal using countries such as Canada and Poland.

Yesterday, the US hit the shocking milestone of 750,000 Covid-19 deaths, The Washington Post reports.

Within the US, The New York Times states that The Federal Reserve has taken its first step towards the end of pandemic measures. The Fed will withdraw its support for the American Economy despite prices still rising at an uncomfortable pace.

Following the Democrats disappointing election results, The Washington Post noted that Biden has urged Democrats to swiftly pass his domestic agenda.

Bloomberg reports that within the US elections, Phil Murphy narrowly managed to become the first Democrat in four decades to win a second term as New Jersey’s governor.

A former Facebook advisor has come forward to say that democracy is at risk if Facebook does not change. The Guardian notes the former advisor also said that the misuse of users data is as unethical as child labour.

Twitter is expanding its Application Programming Interface, Tech Crunch announced the API would include deleting tweets and super follows.

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Good Afternoon, it’s Wednesday, November 3rd. And you’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.

Iranian military hijacked an oil ship in the Sea of Oman, according to a US defense officer who spoke to Newsweek. According to the official, US Marines only observed the incident and did not engage the Revolutionary Guard. U.S. forces confiscated a tanker carrying Iranian oil in the Sea of Oman and then transferred it to another tanker.

Bloomberg reported that after the start of cutting bond purchases, Federal Reserve Chair Jerome Powell said policymakers may be conservative in raising interest rates, but won't hesitate to act if inflation warrants it. Beginning in November, the Fed will reduce its monthly bond purchases by $15 billion. The speed put them on target to complete the process by the middle of 2022. The FOMC voted to keep its benchmark policy rate target range at zero to 0.25 percent.

The Financial Times added, the US Federal Reserve is likely to announce that its $120 billion monthly bond-buying programs will be phased off. The Fed has indicated that it will likely lower its monthly purchases of Treasury securities by $10 billion and mortgage bonds by $5 billion. Economists predict that the Fed will declare that it has made "substantial further progress" toward its goals of 2% inflation and full employment and that it will begin to reverse the emergency policy settings put in place last year to mitigate the economic damage caused by the coronavirus.

According to The Washington Post, Democratic losses in Virginia and New Jersey all but confirm the disintegration of the coalition that catapulted Democrats to power in the first place. In Virginia, an estimated 3.3 million people voted, outnumbering the previous two gubernatorial elections. A new bout of turmoil over the party's aims and methods seemed to be on the horizon.

Business Insider reported that it was revealed in October in a Peleton slack group called "Black@Peloton" that black employees have been questioning the company's executives about their compensation. Some shared salaries of $45,000, $51,000, and $57,000 for full-time staff, a lower amount than other "races." Peloton asserted that it never paid less than the going rate and claims to be making strenuous efforts to become an "anti-racist organization." The corporation has commissioned a "pay-equity study," for which an independent expert has been hired.

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.

Good Morning, it’s Wednesday, November 3rd. And You’re listening to Ausum’s Morning News Briefing, where we round up the top latest articles that everyone is talking about.

Virginia’s race for governor has been won by republican Glenn Youngkin. The Guardian reports this is a blow to Biden as democrats went down in a shock defeat.

Within the US mayoral races, The Washington Post states that voters are divided on public safety and police reform.

Water utilities and regulators in the US have discovered 56 new chemicals in water supplies. The Guardian noted among these were radioactive materials and pesticides.

The Washington Post announced that in Biden’s closing remarks at the COP26 climate conference yesterday, the US president pitched a $1.75 trillion spending package. Biden said in his speech that the fight against climate change was “not just a moral imperative but an economic imperative as well.”

The United Nations Food Agency referenced the drought in Madagascar as an example of the future with climate change. News Week noted that the World Food Programme believes some 30,000 people within Madagascar will be close to famine by the end of this year.

Regarding the Coronavirus Pandemic, The New York Times reports that young children are lining up for their vaccine.

Following the US staff shortages, Axios announced that immigrants may be the solution. As pre-pandemic levels of immigrants return America’s millions of job openings could start to be filled.

Forbes reported that a UN lawmaker stated that social media whistleblowers, like Frances Haugen, highlight the need to regulate online political advertising.

That’s all for today. For the full Ausum experience, make sure to download the Ausum app. Catch us, every weekday, morning and afternoon.

Good Morning, it’s Tuesday, November 2nd. And You’re listening to Ausum’s Morning News Briefing, where we round up the top latest articles that everyone is talking about.

Regarding the ongoing COP 26 climate conference, The Guardian reports that the US has rejoined the High Ambition Coalition. This coalition is a group of developed and developing countries focused on limiting temperature rises to 1.5C.

Furthermore, Axios has stated that progress with methane limits may be the real legacy of COP26. Today, leaders from over 90 countries will sign the EU and US Global Methane Pledge.

Business insider announced that a New Zealand tech company rewards employees with $7,000 bonuses after it was named New Zealand’s fastest-growing company. This follows a trend of companies giving employees cash bonuses after reporting strong financial results.

Amazon has acquired the exclusive US rights to a TikTok connected TV App, Forbes noted.

Following difficulties in the auto industry, The New York Times states that this threatens the global economy as communities and jobs rely on the car industry.

Frances Haugen, the Facebook whistleblower, has said that Mark Zuckerberg should resign as CEO of Meta. Business Insider reported Haugen’s claim the company would be unlikely to change under its current CEO.

The Washington Post reported that after the Squid-Game inspired cryptocurrency soared by 23 million per cent, the crypto was deemed worthless after an apparent scam.

A new poll announced by News Week states that 47% of Americans believe that the economy will worsen, an intense downturn from earlier in the year.

Two more Mexican journalists have been killed, The Guardian states that this is after reporters condemn the worsening violence occurring.

That’s all for today. For the full Ausum experience, make sure to download the Ausum app. Catch us, every weekday, morning and afternoon.

Good Afternoon, it’s Monday, November 1st. And you’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.

Newsweek updates us live as the COP26 climate change meeting is underway in Glasgow. The goal is to reach an agreement that significantly reduces emissions while increasing the use of renewable energy. Many nations have voiced skepticism about reaching an agreement, with many promising actions but hesitating to make precise pledges.

According to the Guardian, As uncertainties persist over the US president's capacity to execute this goal at home, President Joe Biden has warned that the climate problem posed an "existential threat to human life as we know it" and encouraged other world leaders to begin on a revolutionary shift to clean energy. The UN climate negotiations in Glasgow must serve as the "starting point for a decade of ambition and creativity." After Donald Trump's decision to withdraw from the Paris climate deal and his denial of climate science, Biden's administration is seeking to reestablish America's reputation.

According to Bloomberg, Manchin has refused to say if he supports President Joe Biden's $1.75 trillion tax and spending package on the economy and the national debt, presented last week. He claims he needs a "full examination" of the Biden proposal to determine its exact cost. Manchin also attacks progressive Democrats for delaying infrastructure legislation until after the economic package is passed.

The Wall Street Journal reported that with the machinery of international commerce halted, company executives are abandoning, at least temporarily, abroad partners and global economic common wisdom in favor of dependability, even if it costs more. Some companies are transferring staff and production facilities closer to home, while others are relocating factories closer to suppliers. Others are purchasing their suppliers or bringing in-house past contract work.

The Washington Post just reported that the Supreme Court appears willing to hear a challenge to Texas' abortion legislation. Arguments that the limited statute unjustly obstructed the essential judicial review when constitutional rights are at risk appeared to influence Justices Brett M. Kavanaugh and Amy Coney Barrett. The court is still contemplating whether relgious groups' health insurance will be mandated to cover abortions.

Forbes is compiling breaking news on a 25-year military veteran, James Verl Barlow, who quietly became one of the most successful dark web drug marketers in history. According to informants and court documents reviewed by Forbes, if the government's account is correct, one of the US Army's own was one of the more successful dealers to grace the internet underworld. Prosecutors are still calculating the 44-year-old Las Vegas resident's criminal winnings, but expect them to be between $12 million and $15 million in assets, spread across expensive property, luxury cars, jet skis, mountains of cryptocurrency, and loaded fiat currency bank accounts.

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.