Congressional leaders have reportedly reached a last-minute short-term deal to “avert a government shutdown” before today’s midnight deadline. Plenty of issues—including the need to raise the debt ceiling and the status of the administration’s massive bipartisan infrastructure bill—remain, but a deal would at least keep the wheels of government grinding along in the meantime - NYTimes and WSJ and Bloomberg and MarketWatch
Wednesday’s resignation of former BBC One star Katty Kay from Ozy Media following the Times’ weekend report that a company co-founder “had apparently impersonated a YouTube executive during a conference call with Goldman Sachs in February” is the latest blow to the 8-year-old media company that has also lost backers and a partnership with A&E in recent days - NYTimes and WSJ
United Airlines confirmed this week that it is firing roughly 600 employees for “refusing to comply with its vaccination requirement.” The company stressed that the terminations make up “less than 1 percent of the airline’s U.S. work force of 67,000” - NYTimes
Even as Delta variant-driven Covid cases continue to surge, most economists expect that “the recovery from the pandemic to reaccelerate as the virus’s toll eases.” That optimism comes with lowered forecasts for Q3 economic growth based on the effects of the DV on the hospitality and travel industries as well as shifting return-to-work plans - WSJ
Supply-chain issues are a potential additional wrinkle in that recovery, and they’re also prompting Fed Chair Powell to warn that the transitory inflation we’re experiencing now could be with us for longer than first expected - WSJ
The SEC has accused a former Goldman Sachs analyst of insider trading and “obtained an emergency order to freeze” his assets. Authorities alleged that the analyst made nearly $500k “using nonpublic information that he had access to as a senior compliance analyst at the bank’s Warsaw, Poland, office” – Law360
Which means this Bloomberg piece on the ubiquity of insider trading (and the resulting “rigged” stock market) couldn’t be timelier - Bloomberg
Day 1 of Warby Parker’s direct-listed offering led to a pretty consistent $53/share and a new market value of $6.1 billion for the popular eyeglasses company that’s yet to make a profit - Bloomberg and Marketplace
Because there’s nothing like a bit of brick-and-mortar vs. online upstart bickering, Macy’s and Amazon are heading to court over Bezos & Co.’s plan to stick a thumb in the eye of the department store giant by advertising on the “2,200-square-foot perch the wraps itself around the corner” of Macy’s flagship store in Herald Square - NYTimes
The latest from week three of the Elizabeth Holmes criminal fraud trial, including testimony from a former Theranos lab director - WSJ and Law360
Goldman Sachs economists are out with a new report that suggests that China’s hidden debt—buried off the official registers in local government financing vehicles—has hit a staggering new high and now accounts for “more than half the size of the economy” - Bloomberg
The National Labor Relations Board’s general counsel issued a memo on Wednesday finding that “student athletes at private universities should be considered employees under federal labor law,” a decision that expands “the ability for athletes to advocate for improved conditions and perhaps clear[s] the way for them to unionize” – Law360
Walmart revealed plans to hire up to 150,000 seasonal employees in anticipation of the upcoming holiday shopping season, “another sign that retailers are rushing to staff stores and warehouses in a tight U.S. labor market” - WSJ
Your official “stalkerware” warning, courtesy of the Daily Dose. Be smart with your downloads, people - NYTimes
Does a resurgent “Sopranos” among millennials and even Gen Zers mean that a new audience is searching for creative content to grapple with America’s decline? Or has the search for content just driven the youngs to early aughts fare? Some thoughts - NYTimes
Stay safe, and get vaxxed,
MDR
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