NEWS THAT MATTER

Georgia is one of the few states in the United States with a ‘production-friendly’ tax incentive program, and many projects get filmed in the Peach State. From 2020 to 2021, productions such as Marvel Studios’ Black Panther, Sony’s Spider-Man: No Way Home, and Netflix’s Ozark filmed in the state. In 2020, Georgia was home to an estimated 242 film productions amid a pandemic. In FY 2020, that added $2.2 billion to the state’s economy. In FY 2019, Georgia was home to 399 productions, raking in $2.9 billion.

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As supply chain chaos causes shipping delays this holiday season, experts say Amazon’s logistics empire and predictive analytics will allow it to avoid the worst of it. Amazon leased long-haul planes to get goods from China to the U.S. faster, and its been making its own containers and chartering private cargo vessels for years. Now retailers like Walmart, Home Depot, Target, IKEA and Costco are trying out the tactic, chartering smaller vessels to bring goods to less congested ports.

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In September 2021, AMC CEO Adam Aron sat down with CNBC’s Melissa Lee to discuss the “ape movement” and what the future holds for the movie theater chain.

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In 2021, Ford stopped making cars in India. With the market there being mostly dominated by two-wheelers, Ford lost approximately $2 billion in its India business, prompting the company to begin slowing down its operations. General Motors has also experienced similar issues finding success in the country. These problems are due in large part to different needs in the market and predictions not panning out as anticipated, which leads companies like Ford and GM to pull back and focus more on profitability.

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For years, Exxon Mobil was one of the largest publicly-traded companies in the United States. Coming climate legislation may target the core of the oil and gas giant's operation: production and exploration. The company says it will pivot. But the plan relies on capturing carbon from the oil it will keep pumping in the future. Watch the video to see what experts think of Exxon's green economy plans.  Oil giant Exxon Mobil, once the most valuable company in the U.S., is fighting for its future.  Over the summer, investors forced a change on Exxon’s board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage.  Carbon capture is the process of capturing CO2 at its source. Companies can store the carbon dioxide permanently, but it is more profitable and common to use the captured carbon in further fossil fuel production.  Congressional researchers say U.S. companies have pioneered the technology worldwide, injecting roughly 68 million metric tons of carbon dioxide back into the ground every year.  Exxon Mobil recently announced a plan to increase the amount of carbon it captures from its refineries near Houston, Texas. The company says it has captured 40% of the world’s captured carbon to date.

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The rocket business is heating up and one startup has grand ambitions of following SpaceX to orbit. With a team comprised of industry veterans, Firefly Aerospace wants to be a dominant launch provider in the growing small satellite market. While the rewards are great, the risk are high. The company already suffered through a bankruptcy and is still trying to reach orbit. Does it have what it takes to become the next SpaceX?

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Cobalt has been getting a lot of attention lately because it is one of the most expensive materials found in lithium-ion batteries, which power everything from laptops and cell phones to electric veh

icles. Cobalt extraction is largely concentrated in the Democratic Republic of Congo, where it is linked to human rights abuses and child labor, while cobalt refinement is almost exclusively done in China, making cobalt part of a tenuous supply chain. These are some of the reasons why battery manufacturers like Samsung and Panasonic and car makers like Tesla and VW, along with a number of startups are working to eliminate cobalt from lithium-ion batteries completely.

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Elon Musk announced that Tesla was getting into the energy business in 2015 and now it’s betting that it will become increasingly important for the company. In 2020, it surpassed 3 gigawatt hours of energy storage deployments in a single year, largely due to the popularity of Megapack, its utility-scale battery product. CNBC visited PG&E’s Tesla Megapack site in Moss Landing, California and learned why energy storage systems like Tesla’s could be everywhere in a future of renewable power.

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The recent debt ceiling standoff gave a glimpse into how catastrophic a federal default would be for the U.S. economy. While a bipartisan agreement is the easiest solution to the crisis, there are other possible solutions to breaking the standoff, including a $1 trillion coin that has gained traction in recent years. So what exactly would happen if the U.S. government fails to raise the debt ceiling, and can a $1 trillion coin really put a stop to the crisis?  Despite the short-term deal struck between the Republicans and the Democrats in early October, the debt ceiling crisis is far from over.  Congress needs to decide by Dec. 3 if the U.S. government will raise the debt ceiling or default on its loans. But there are other possible solutions besides bipartisan agreement.  The debt ceiling can also be raised by a process known as budget reconciliation. First introduced in 1974, this process can expedite the passage of certain tax, spending and debt-limit legislation. What would otherwise require a 60-vote majority in the Senate to pass would only require 51 votes or 50 votes plus the vice president as the tie-breaker.

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The more than 100-year-old movie theater chain, AMC Entertainment, has been on a wild ride this year after losing $4.6 billion dollars in revenue in 2020. The pandemic pushed the company to the brink of bankruptcy, but in October 2021 its market cap was higher than $18 billion thanks, in part, to a group of 4.1 million retail investors who now own 80% of the company.  Some of these retail investors call themselves "apes," a play on Wall Street referring to them as "dumb money." In a digital uprising on Reddit, Twitter and YouTube, they have jumped into the stock giving AMC a billion dollar lifeline.    The company's CEO, Adam Aron, is one of the most interesting characters in this whole drama because he has leaned into AMC's "meme stock status."   Aron communicates with retail investors directly on social media and he's incorporating their ideas for the company, like accepting crypto at AMC theaters, into his strategy.

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