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Disney has strongly rejected activist investor Nelson Peltz’s board bid. The entertainment giant doesn’t think he has what it takes. Meanwhile, China has approved the release of two major Marvel titles.
Ukraine’s interior minister was killed in a helicopter crash. Denys Monastyrsky was one of 18 victims of the incident.
The US imposed chip curbs on Macau. The Biden administration seeks to prevent the export of technology from the region to other parts of China. Meanwhile, treasury secretary Janet Yellen held a first face-to-face meeting with her Chinese counterpart Liu He.
FTX admitted $415 million were stolen in a cyber attack. The hack happened two days after the crypto exchange declared bankruptcy.
A 2016 Tesla video displaying one of its cars in self-driving mode was staged. A senior Autopilot engineer made the statement as part of the lawsuit related to Walter Huang’s 2018 fatal Model X crash.
Moderna said it will seek regulatory approval for its vaccine against respiratory syncytial virus. Results from a clinical trial showed the vaccine had 83.7% effectiveness in preventing the disease in subjects aged 60 or older.
What to watch for
Elon Musk’s tweeting choices are about to face the judgment of a jury of his peers. In 2018, the Tesla CEO tweeted he intended to take the company private, causing wild swings in its share price that ultimately cost shareholders millions when it became clear the deal wasn’t happening.
Now, Musk could pay millions of dollars in damages if he loses in a trial that started yesterday (Jan. 17) in San Francisco.
Here are some figures about the case.
$420 per share: Price at which Musk claimed he was taking Tesla private—almost a 20% premium on its trading price at the time
$40 million: Total fines Musk and Tesla agreed to pay in a settlement with the Securities and Exchange Commission, which found the tweets lacked “an adequate basis in fact”
82%: Share of the 200 jury candidates who said they had an unfavorable opinion of Musk in a pre-trial questionnaire
Your dog and cat can finally help pay rent
PetSmart is on the prowl for a pooch and a cat that have “an immense dedication to play, rigorous toy reviewing abilities, and a willingness to sample the newest of culinary treats.”
A pet with such traits perfectly matches the job description for the American pet store chain’s first-ever chief toy tester, which, at its core, is a glorified advertising gig for pet owners.
One dog and one cat will be selected to hold the title for one year, each with a take-home pay of $10,000 and a plethora of toys and treats. In exchange, owners of the chosen chief toy testers will be required to create and upload product content and videos. Think unboxing Instagram reels, just with a lot more fur.
“It’s a ruff job, but someone has to do it,” the retailer said.
Davos dispatch: The Mooch vs. SBF
At the World Economic Forum’s blockchain hub, a pavilion on Davos’s promenade, a fireside chat had barely begun when Anthony Scaramucci brought the fire.
“Are we gonna talk about FTX?” asked Scaramucci, the founder of SkyBridge Capital and, for 10 days in 2017, the Trump White House’s spokesperson. “Someone was calling it FUX.”
Last September, FTX Ventures, run by Sam Bankman-Fried, bought a 30% stake in SkyBridge for $50 million. Scaramucci, who considered Bankman-Fried a friend, said the downfall of FTX underlined the need for more regulation of the industry, but did not spell the downfall of blockchain or crypto.
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Correction: In Monday’s Daily Brief, we erroneously referred to Uganda as a West African nation. It is indeed in the east, and we’re going back to geography 101.