🌏 Trump 2.0 is here

Good morning, Quartz readers!

HERE’S WHAT YOU NEED TO KNOW

Donald Trump won the presidency. Here’s what that means for everything from tariffs to immigration.

Wall Street was exuberant at the Republican’s win. Markets soared the day after the election was called.

One stock in particular took the news especially well. Trump Media shares skyrocketed after the company’s namesake was elected to the highest office in the land.

Cryptocurrency investors also got in on the celebratory mood. Bitcoin hit a record high after polls closed and the results put Trump in power.

Business leaders lined up to congratulate Trump. Mark Cuban, Sam Altman, and Jeff Bezos were all among the CEOs and bold-faced names who extended their well-wishes.

Megabanks getting mega-lucky with Trump 2.0

One sector of the economy that is salivating at the idea of a Donald Trump presidency is banking. Analysts at Wells Fargo have even gone so far as to call Trump 2.0 a “regulatory game changer.”

Fewer restrictions and more tax cuts are among the many friendly policies that America’s lenders are looking forward to. The Wells Fargo team summed up the vibe as “more free markets, less harsh oversight.”

How else are big banks expecting to benefit from another Trump White House? Quartz’s Rocio Fabbro spells out the capital implications of his return.

Tesla’s Musk plugged in with new president

Elon Musk placed a pretty big bet — to the extent that he tossed millions of dollars at a quasi-lottery of dubious legality — that the 45th president would come back as no. 47. And he won.

Now, investors are pumping up Tesla stock as they see a brighter future for a company whose CEO spent the last few months cozying up to Donald Trump. They see his possible policy influence as a positive development for his electric car company.

What role is Musk expected to play in a second Trump administration? Quartz’s William Gavin lays out the chatter around the tech billionaire’s potential portfolio.

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😬 Super Micro Computer shares tanked because it can’t produce an earnings report

☕ The CEO of Starbucks thinks the key to its business is selling coffee 

🥃 A very fancy bottle of scotch just sold for $67,000

SURPRISING DISCOVERIES

There’s a website that will dox voters upon request. The Voter Reference Foundation’s VoteRef platform digs up public election data to reveal more information than people realize is out there about them. (paywall)

Islamic finance is a $6.5 trillion industry. The religious banking practice, which is less frothy than its western counterpart, is a growing force in the investing world.

The oil industry makes up 90% of Nigeria’s exports. A lot of bad things had to happen for fossil fuels to achieve that share. (paywall)

One state has been dominating the Bureau of Land Management’s annual bat beauty contest. “Hoary Potter” extends Oregon’s reign in the competition to three years running (or flying).

Poland had a bear conscript during World War II. It loved beer, cigarettes, and occasionally carried artillery shells during combat.

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Our best wishes on a safe start to the day. Send any news, comments, beautiful bats, and laissez faire economy survival techniques to [email protected]. Today’s Daily Brief was brought to you by Melvin Backman and Audrey McNamara.