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‘I was really, really shocked’: Shark Tank investor Kevin O’Leary told us how a rude awakening during the pandemic led him to build a new investing app — and shared 2 concrete strategies for building wealth over time

Summary List PlacementKevin O'Leary was in for a rude awakening when the COVID-19 crisis hit the companies he had invested in throughout the years.  O'Leary, known for being a tough judge and prolific investor on the venture capital reality TV show Shark Tank, was helping his companies apply for the Paycheck Protection Program loans for small businesses when he came across a big problem. "We were scrambling, it was total chaos as it was for most companies," he recalled. "And you needed to get your payroll records as of February 15 and prepare to compare them to your payroll records June 30. That's how the original loan structure was going to be set up." And that's when O'Leary discovered that the majority of his employees, thousands of young people in their late 20s and early 30s, did n...

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‘He’s the majority-maker’: It’s Joe Manchin’s moment and he’s seizing it as the West Virginia Democrat becomes one of the most important people in the fast-approaching Biden era

Summary List PlacementSen. Joe Manchin is well on his way to becoming one of the most powerful people on Capitol Hill. And he knows it. The conservative West Virginia Democrat has seized his moment in the spotlight to establish himself as one of the most important brokers in Washington, a place he has long despised.  In the weeks following the November election, he has come out of the shadows and taken the lead on negotiating an alternative bipartisan stimulus bill that has put both House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell on the spot. He's making the media rounds, including an exclusive interview with The New York Times and an appearance on CNN's show Cuomo Prime Time where host Chris Cuomo invited him back on to give weekly updates on the state of play ove...

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Here are 9 executives leading the $100 billion pet care industry at companies like Mars and Chewy

Summary List PlacementFor the world's largest pet care companies, 2020 proved to be a year of opportunities. With more consumers adopting pets and spending money on food, toys, and vet check-ups, brands like Nestle's Purina and retailers like Chewy suddenly found themselves with legions of new customers. And unlike other pandemic-prompted trends, this one involves animals who will have lifespans of years or even decades. Sales of pet products are forecast to reach nearly $100 billion this year. At the same time, consumers are purchasing more outside of traditional stores, with 27% of sales expected to happen online, according to Packaged Facts.  Read more: These 10 companies are the fastest-growing DTC pet care brands by website traffic. They're competing with Nestle's Purina and Mars's...

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Pfizer’s chairman says it’s not clear whether people who are vaccinated can still spread COVID-19

Summary List PlacementThe chairman of Pfizer said it's not clear whether people who have taken the company's coronavirus vaccine will still be able to spread the virus to other people. Albert Bourla told NBC's "Dateline" that more studies had to be done into whether someone who had been vaccines could still transmit the coronavirus. Host Lester Holt asked Bourla: "Even though I've had the protection, am I still able to transmit it to other people?" Bourla then responded: "I think this is something that needs to be examined. We are not certain about that right now with what we know." They’re in the biggest race of our time -- the race to make a Covid vaccine. Tonight, @LesterHoltNBC sits down with the heads of @pfizer, @moderna_tx, and @JNJNews at 10/9c on a special edition of #...

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China is massively expanding its weather-modification program, saying it will be able to cover half the country in artificial rain and snow by 2025

Summary List PlacementChina is massively expanding its weather-control project, and is aiming to be able to cover half the country in artificial rain and snow by 2025, the government said Tuesday. The practice of "cloud seeding" was discovered in the US in 1946 by a chemist working for General Electric. China launched its own similar program in the 1960s. Dozens of other countries — including the US — also have such programs, but Beijing has the world's largest, employing around 35,000 people, The Guardian reported. In a statement, China's State Council said that the country's cloud seeing project will expand fivefold to cover an area of 2.1 million square miles and be completed by 2025. (China encompasses 3.7 million square miles, meaning the project could cover 56% of the country's s...

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Trump praised QAnon followers in a White House meeting, calling them people who ‘believe in good government,’ report says

Summary List PlacementPresident Donald Trump in a White House meeting praised the far-right QAnon movement, describing it as people who "believe in good government," reported The Washington Post Thursday.  The movement believes, groundlessly, that a cabal of Satanic child abusers secretly manipulates the world. It first emerged on messaging boards, but has in recent months been embraced by some pro-Trump lawmakers, while its conspiracy theories and slogans have been used by the Trump campaign.  According to the Post, Trump was in a recent meeting with figures including chief of staff Mark Meadows and Senate Majority Leader Mitch McConnell, when he brought up Marjorie Taylor Greene. In November, Greene became the first candidate who openly advocates the conspiracy theory to win election...

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Athleta CEO reveals plan to turn 2 million new customers into brand loyalists after the activewear company pivoted to selling masks during the pandemic

Summary List PlacementThough it's been an especially challenging year for Gap Inc., Athleta is proving to be a bright spot amid its pandemic woes.  Athleta reported a whopping 35% increase in sales, to $292 million, in the third quarter of 2020 — solidifying itself as its parent company's "fastest growing brand," Gap Inc. CEO Sonia Syngal said on a call with investors last week. Company-wide net sales at Gap Inc. were flat year-over-year. While the athletic wear subsidiary has long been a source of growth for its parent company, posting several consecutive quarters of sales gains in recent years, revenue has soared to new levels thanks in large part to the rise in popularity of its masks during the coronavirus pandemic.  Athleta CEO Mary Beth Laughton told Business Insider that since it...

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Biden asked Fauci to be his chief medical advisor, and Fauci said yes ‘on the spot’

Summary List PlacementDr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, will be President-elect Joe Biden's chief medical advisor once Biden enters the White House in January. Biden on Thursday asked Fauci to take up the role, he told CNN Thursday. Fauci told NBC's "Today" show Friday that he had said yes "on the spot."  Biden's COVID-19 team met with Fauci for the first time on Thursday. "I asked him to stay on the exact same role he's had for the past several presidents, and I asked him to be a chief medical adviser for me as well, and be part of the COVID team," Biden told CNN. Biden unveiled his 13-person COVID-19 advisory board in November. The panel will be led by three chairs: Vivek Murthy, a former surgeon general; Marcella Nunez-Smit...

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Here are the 17 stocks best-positioned to benefit from a booming supersonic jet industry that will be worth $340 billion by 2040, UBS says

Summary List PlacementBy 2040, UBS envisions business travellers will once again be jetting around the globe faster than the speed of sound. A recent UBS evidence lab survey found around 25% of over 6,000 respondents would be willing to pay for speed. The last time passengers could travel at supersonic speeds was in 2003 when Concorde made its final flight. However, UBS is predicting a return to supersonic travel. In a new evidence lab report released on December 1, UBS equity analysts take a deep dive into the current, and future, state of the industry. "We  see  supersonic  bizjets  viable  in  the  late-'20s  and  supersonic  commercial  jets  in  the  mid-to-late-'30s with  hypersonic  travel  a  decade  later," UBS equity analyst Myles Walton said. " Implications beyond aero/airlin...

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Razer’s Ornata V2 is a great gaming keyboard for those who want the mechanical feel without the high price

  Summary List Placement With customizable lighting, dedicated media controls, and a plush detachable wrist rest the Razer Ornata V2 improves on its predecessor. The idea behind hybrid keyboards is to bring a mechanical key feel and sound to a cheaper membrane design. This is a comfortable and accurate keyboard for gaming or work-related typing. You may also be interested in our picks of the best keyboards, the best gaming keyboards, or the best ergonomic keyboards. Sign up for Insider Reviews' weekly newsletter for more buying advice and great deals. Table of Contents: Masthead Sticky If you can't decide between the clickety-clack of a mechanical keyboard and the softer feel of membrane keys, then the Razer Ornata V2 might be the perfect middle ground  Razer has managed to pack a lot in

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[FREE SLIDE DECK] Accelerator Snapshot: Wells Fargo

Summary List PlacementA number of major banks have launched fintech accelerator programs in recent years, likely in response to the need to introduce new digital financial services. In accelerator programs, banks provide startups with access to mentorship, development resources, and sometimes funding opportunities. In return, banks can leverage the innovative solutions that fintech startups offer to support their own digital transformation efforts and remain competitive. In 2014, US-based bank Wells Fargo, which spends billions of dollars on technology initiatives annually, launched the Wells Fargo Startup Accelerator. In this Accelerator Snapshot, Insider Intelligence details the goals, operations, and notable participants of Wells Fargo's accelerator program. This exclusive report can b

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10 things you need to know before the opening bell

Summary List PlacementWelcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon! Here's what you need to know before markets open. 1. Global stocks gain as lawmakers inch toward compromise on relief. See what markets are doing today. 2. Oil nears $50 after OPEC+ agrees to raise supply in January. Producers agreed to cautiously raise output by 500,000 barrels per day, well below the expected 2 million barrels per day. 3. Stimulus compromise backed by top Democrats scraps $1,200 direct payments. Absent from the package is another wave of relief payments that economists say is critical to aid the virus-slammed economy. 4. Paul ...

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Trump is reportedly furious with officials because the UK approved a coronavirus vaccine before the US

Summary List PlacementPresident Trump's is reportedly angry with the US vaccine approval agency after the United Kingdom became the first country to approve a coronavirus vaccine. Trump has repeatedly expressed his frustration with the Food and Drug Administration (FDA) over what he perceives to be a delay to its vaccine approval process. Publications including CNN reported that "agitation" among White House officials increased when the UK on Wednesday approved the Pfizer vaccine, becoming the first country in the world to do so. Antony Fauci, the top US infectious disease expert, on Wednesday said the UK's vaccine approval process had not been as "careful" as the FDA's but later apologised and suggested his comments had been misinterpreted. The president tweets frequently about the Pf...

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Trump is holding out on supporting the $908 billion COVID-19 stimulus bill despite more lawmakers rallying round it

Summary List PlacementPresident Donald Trump does not support the $908 billion compromise COVID-19 stimulus bill, presenting a significant barrier event as it gains momentum with lawmakers.  The plan, written by a group of lawmakers from both parties, has gained support from leading Democrats and some GOP senators as pressure builds to provide a second round of relief in the pandemic.  It stands in contrast to a much more restrictive bill preferred by Senate Majority Leader Mitch McConnell, who is leading the negotiations from the GOP side. Trump appeared to offer some hope on Thursday, but his officials later poured cold water on the idea that he could be brought to accept the $908 billion plan. Asked whether he supports "this bill" at a press conference Thursday, Trump said: "I will, ...

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