Trendy eyewear-maker (and Daily Dose fave) Warby Parker revealed plans on Tuesday to go public via direct listing—the latest in a series of companies in recent months to sidestep the traditional IPO process in favor of the i-bank-avoiding alternative - WSJ and Bloomberg
The House has advanced a nearly $3.5 trillion budget blueprint, a move that locks in a “late September vote on a roughly $1 trillion infrastructure bill” that was the product of a bipartisan compromise in the Senate - WSJ and Bloomberg and MarketWatch and NYTimes
Goldman Sachs is the latest big U.S. company to mandate vaccines for workers (and visitors to its offices) on the heels of the FDA’s full approval of the Pfizer BioNTech vaccine - NYTimes and Bloomberg
In related news, Disney has reached a deal with unions representing its workers at Disney World “that will require workers to show proof of Covid-19 vaccinations, among the first private-sector unions to reach such a deal” - WSJ
Union workers at the giant bakeries in five states that supply “Oreos, Chips Ahoy!, Newtons and other Nabisco snacks” for Mondelez International went on strike this week after rejecting management’s “call for changes in shift lengths and overtime rules.” The workers are also pushing for restoration of their pension plan, which Mondelez swapped out for a 401k program in 2018 - NYTimes
A surfeit of customer cash and a lack of loan requests means that banks are piling into low-yield government debt almost by default—a reality that’s helping keep bond rates low and could do so “for some time to come” - NYTimes
Google pushed back hard on its employees’ desire to influence the company’s choice of clients, telling “a judge weighing the U.S. government’s allegations that its firing of activists violated the National Labor Relations Act” that its employees “have no legal right” to do so - Bloomberg
TikTok has struck a deal with Shopify that will add in-app shopping to its platform for the first time. Under the partnership, “Shopify merchants that participate in a pilot program will be able to add a shopping tab to their profiles and link to products within TikTok posts” - NYTimes and TechCrunch
Yes, incredibly enough, corporate culture can happen in our current WFH environment. Here’s the way three small businesses are tackling the challenge - NYTimes
There’s thinking outside the box, and there’s buying a big concrete box just to play with. Not bad if you can swing it - NYTimes
Stay safe, and get vaxxed,
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