🌍 Optimism over US jobs data

🌍 Optimism over US jobs data

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Here’s what you need to know

Economists are optimistic about the latest US jobs data. The monthly figures are released at 8.30am US eastern time, and up to 400,000 jobs may have been added, a survey suggests, compared to 210,000 last month.

GameStop is reportedly getting into NFTs and crypto. According to the Wall Street Journal, last year’s favorite meme stock is planning to consolidate its comeback with a foray into new tech.

Samsung expects fourth-quarter profits to jump more than 50%. The world’s biggest chip maker thinks it has recovered, and estimates it made $11.5 billion in that period.

The Philippines threatened to arrest unvaccinated people. President Rodrigo Duterte said he is “appalled” at the number of Filipinos who have not taken the jab.

Australia is investigating more tennis players’ visas. While Novak Djokovic awaits a court hearing on Monday, officials are checking others who may not have met vaccine-related requirements ahead of the Australian Open.

Coca-Cola knows you like Fresca with booze. A new line of increasingly popular canned cocktails, made in partnership with Constellation, is another step away from the “too-sweet, neon-colored offerings” of yore.


What to watch for

The US Supreme Court will hear oral arguments today against two covid vaccine mandates. One requires companies with 100 or more workers to ask for proof of vaccination or test employees weekly, and another mandates vaccination for workers at healthcare organizations that get government funds.

Challenges against the mandates come from business and religious groups, as well as Republican-led states, that argue the rules are an overreach of power. But most Americans support vaccine mandates, and other countries are taking even stronger actions (just look at Australia and the Philippines above). Here’s a reading list to catch you up:

1️⃣  Emmanuel Macron wants to exclude the unvaccinated from nearly everything

2️⃣  Almost 70% of Americans want vaccine mandates

3️⃣  New York City’s new vaccine mandate is the US private sector’s strictest yet

4️⃣  A history of legal vaccine mandates shows they are successful

5️⃣  How to take the politics out of vaccine mandates in the workplace


Is the Amazon-Rivian deal still on?

Amazon is giving investors in electric vehicle maker Rivian reason to be a lot more incredulous. The e-commerce giant said it would be the first commercial customer for the Ram ProMaster electric van, which Stellantis plans to launch in 2023.

Amazon said it plans to put thousands of the Stellantis vans on the road as part of the long-term agreement. If you think that sounds an awful lot like Amazon’s order for 100,000 electric delivery vans from Rivian, so do investors.

Amazon and Rivian both insist their deal, which Amazon is not obliged to keep, is still on. But that didn’t keep Rivian’s stock from falling by 11% when the Stellantis order was announced on Jan. 5.

A line graph showing how Rivian's stock has changed since November 2021 to January 2022. The stock was around $100 in November 2021, then jumped to more than $170 following its IPO, then fell below $90 after the Stellantis deal was announced.

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🎾  Novak Djokovic is spending the weekend in an immigration detention center

⚽️  How covid-19 could disrupt the Africa Cup of Nations


Surprising discoveries

A South Korean presidential candidate has promised government payments for hair loss treatment. The platform is very popular with bald voters.

A hand-drawn map shared on social media helped a man find his birth mother. Li Jingwei was abducted at age 4 but still remembered details of his village.

Psychedelic Southern Comfort posters mailed in 1971 finally arrived. A Florida family tracked down their home’s previous owner with the affinity for the sweet spirit.

Azteca ants repair holes in their trees. Researchers speculate it’s a selfish behavior to protect the colony’s young.

A few prehistoric geniuses created many of humanity’s big technological innovations. And not all of them were Homo sapiens.



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