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The US wants to break up Facebook. Antitrust lawsuits filed against the company by the US Federal Trade Commission and attorneys general from 46 states could force it to sell off WhatsApp and Instagram in the most extreme outcome.
Covid-19 vaccines come to more countries. Canada authorized the Pfizer-BioNTech vaccine, while the UAE approved China’s Sinopharm vaccine for sale. Pfizer’s vaccine faces its final FDA panel today on its way to becoming the first shot available to Americans.
DoorDash delivers for investors. The delivery app soared in its stock market debut, closing 86% higher than its $102 IPO price. Airbnb, which starts trading today, sold its IPO shares at $68, above its pricing range.
The European Central Bank releases details on a new stimulus. The bank hopes to maintain its recovery for years by keeping borrowing rates ultra-low. Meanwhile, the status of the UK-EU relationship in 2021 is to be revealed on Sunday.
SpaceX’s Starship rocket prototype exploded during landing. The vehicle’s three main engines cut off after it climbed to its target altitude during a test launch in Boca Chica, Texas.
Sony will buy AT&T’s anime business for around $1.2 billion. The deal will give the Japanese electronics giant access to the 3 million paying subscribers of Crunchyroll, part of AT&T’s WarnerMedia segment.
Federal prosecutors are investigating Hunter Biden’s business ties to China. The president-elect’s son reportedly had dealings with people who raised flags at the FBI.
Apple this week announced plans to release its first-ever wireless over-ear headphones, the AirPods Max, at a hefty price tag of $549. It’s the latest indicator that the company, for whom AirPods have generated a ton of cash, will continue to roll out new options on an iPhone-like cadence:
December 2016: First-generation AirPods
March 2019: Second-generation AirPods
October 2019: AirPods Pro
December 2020: AirPods Max
Ironically, releasing pricey headphones on Dec. 15—just ahead of holiday season—is likely to boost sales of Apple’s regular AirPods. Research shows that introducing a more lavish option of a product makes the first option look like a relative bargain.
Importing cheap, second-hand vehicles from Japan is big business across many African countries whose citizens cannot afford new ones; Japan produces some of the most popular car models driven on the continent.
However, environmentalists worry that exporters of high carbon-emitting used cars are dumping the automobiles in Africa that they can’t sell in their home countries. Tawanda Karombo explains why Zimbabwe has just joined countries including Zambia, South Africa, and Uganda in cracking down on the practice.
Research has shown there needs to be a critical mass of women—at least three—on a company’s board in order for the rest of the members to accept them as equals. To make that happen at New Zealand telecommunications company Spark, Justine Smyth accepted a position as board chair in 2011 only “on the condition that the next director would also be female.” Spark’s board is now 50% women, including its executive chair and CEO.
One needn’t be a woman or member of a racial or ethnic minority in order to make this kind of impact; as Sarah Todd writes for Quartz at Work, one need only be an ally. To read about other tactics for combating injustice in the workplace, check out our recent field guide on how to build an anti-racist company.
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After the TikTok ban, Indians cut their video app use. Homegrown rivals have only managed to pick up 40% of the time Indians were spending on the Chinese platform.
Manmade materials now weigh more than all living things. The discrepancy is only likely to get worse.
More people are cheating at online chess. It was checkmate for the 18,500 users who Chess.com caught violating fair play rules in November.
Pandas smear themselves with horse manure to keep warm. Chinese scientists spent more than 10 years (really) figuring this out.
NASA has selected 18 astronauts who will head to the moon. The group, which will blast off in 2024, includes the first woman who will set foot on the lunar surface.
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