Friday, November 7
Headlines
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Elon Musk gets his $1 trillion Tesla pay package. Tesla shareholders voted to approve the CEO’s controversial pay package at the company’s annual meeting yesterday, with 75% support, CNBC reported. The package can net Musk—already the richest person in the world—up to $1 trillion if the company meets certain goals over the next decade. Some major investors and proxy firms had urged investors to reject the astronomical package, but it was expected to pass after Musk threatened to leave the company if it wasn’t approved. The package also gives Musk more voting power over the company, whose stock has recovered this year despite flagging sales and worries over the EV market now that the $7,500 US tax credit has expired.
Eli Lilly, Novo Nordisk make deal with Trump admin to lower weight loss drug prices. In a press conference at the White House yesterday, President Trump announced a deal with the two pharma giants to lower the cost of their popular obesity drugs for Americans on Medicare and Medicaid as well as those who pay out of their own pockets. Starting next year, Lilly’s Zepbound and Novo’s Wegovy will cost $245 through Medicare and Medicaid and $350 for those paying directly (they currently cost ~$500 a month). In exchange for lowering the prices, the companies will be exempt from Trump’s planned tariffs on the pharmaceutical industry. Pfizer and AstraZeneca have already made similar deals with the White House.
Nancy Pelosi announces she will retire from Congress in 2027. The 85-year-old former House speaker—the first and only woman to hold the position—announced yesterday that she will not seek reelection after nearly 40 years in the legislative chamber. In separate statements, former presidents Biden and Obama each thanked Pelosi and applauded her ability to unite different factions to advance the Democratic Party’s agenda. First elected to Congress to represent the San Francisco area in 1987, Pelosi became speaker in 2007, helping to pass the Affordable Care Act, Dodd-Frank Wall Street reform, and several other landmark bills. She also led the impeachments of President Trump in 2019 and 2021. Trump called Pelosi “evil” and said her retirement is “a great thing for America.”—AE
Robert Reich
Office Hours: How will Democrats deliver on the “affordability” agenda?
It’s the biggest political and economic question aheadFriends,
Everywhere Democrats won this week, they won because they focused on the “affordability crisis” facing average working Americans — the soaring prices of housing, food, health care, energy, transportation, and child care.
The biggest political-economic question between now and next year’s midterms is what those newly elected officials, and other Dems and progressives who’ll be running in 2026, will actually do (and propose to do) about this crisis.
My survey of Democrats and progressives at this point in time shows four basic approaches.
At A Glance
The history of performance reviews.
Chinese humanoid robot will greet shoppers in 2026.
Louvre's video surveillance password was reportedly "Louvre."
The Beatles sued Apple ... almost 50 years ago. (w/video)
See Starbucks' 2025 holiday cup designs.
Slime, Battleship, and Trivial Pursuit are inducted into Toy Hall of Fame.
Six-pound steel phone case aims to reduce phone usage.
Paris cemetery launches lottery for a burial space near Jim Morrison.
Clickbait: The Collins Dictionary word of the year is "vibe coding."
Historybook: Nobel Prize-winning physicist and chemist Marie Curie born (1867); Jeannette Rankin becomes first woman elected to US Congress (1916); Evangelist Billy Graham born (1918); Former first lady Anna Eleanor Roosevelt dies (1962); Earvin "Magic" Johnson announces HIV-positive diagnosis (1991).
In The NEWS
Sports, Entertainment, & Culture
> Dame Helen Mirren, British actress whose career spans over six decades, to receive Golden Globes' lifetime achievement award; previous recipients include Walt Disney, Elizabeth Taylor, Meryl Streep, and Tom Hanks (More)
> FIFA announces new peace prize, with inaugural award to be presented Dec. 5 during 2026 World Cup draw in Washington, DC (More)
> Tennis great Venus Williams, 45, to play 33rd straight season on the Women's Tennis Association Tour, starting with January tournament in New Zealand (More)
Science & Technology
> Google introduces Gemini AI chatbot to Maps, enabling users to have voice conversations about businesses, landmarks, and hazards along routes (More)
> Three Chinese astronauts' return to Earth is delayed after spacecraft possibly hit by debris (More) | What will it take to clean up space trash? (1440 Topics)
> Researchers create injectable microscopic chips capable of delivering targeted electrical stimulation to the brain, offering potential alternative to surgery (More) | Scientists complete first maps of mammalian brain development, revealing insights into the origins of brain disorders (More)
Business & Markets
> US stock markets close up (S&P 500 +0.4%, Dow +0.5%, Nasdaq +0.7%) (More) | Want to learn how markets work, and much more? Sign up for 1440 Business & Finance (More)
> Snap shares rise over 14% in after-hours trading on news of Perplexity AI paying the social media company $400M over one year to integrate the AI-powered search engine into Snapchat (More)
> Supreme Court justices appear skeptical about the legality of sweeping tariffs imposed by President Donald Trump under a 1977 federal law (More) | See previous write-up (More)
Politics & World Affairs
> Department of Homeland Security ends deportation protections for South Sudanese nationals; announcement comes as Temporary Protected Status lapsed earlier this week and despite UN warnings of renewed conflict (More)
> President Donald Trump renominates billionaire Jared Isaacman to lead NASA after pulling the nomination months ago (More) | See previous write-up on Isaacman's spacewalk last year (More)
> Driver rams vehicle into crowd of pedestrians on France's western island of Oleron, wounding at least nine people; French police have arrested a suspect and have not publicly identified a motive as of this writing (More)
SOURCE: 1440 NEWS
Elections Have Consequence
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We experienced a flood of illegal immigrants into this country, the likes of which we had never seen before.
We also experienced a second time when Trump won re-election and again UNDID everything that Biden had done, including the removal of illegal immigrants which will be ongoing until Trump leaves office.
Currently, we have a chance to experience these consequences up in New York City with the election of Mamdani to Mayor. Mamdani boasts of being a Democratic Socialist, but his views actually lean closer to communism that democratic socialism.
I say this because the USA already incorporates numerous SOCIALISTIC PROGRAMS such as:
AI OverviewExamples of socialism in America include government-run programs and social services like Social Security, Medicare, public schools, and the U.S. Postal Service. Other examples are municipal services such as public water systems, parks, and infrastructure projects, as well as historical examples like the Tennessee Valley Authority.
Many Americans don't realize we are already living with a great deal of Socialism... so, what do you think a Democratic Socialist wants that we do not already have?
Mamdani wants:
Government to own the means of production and distribute it equally among all the citizens.
What does that mean in NYC?
- Have the government own ALL rental property and manage that property.
- Have the government own ALL grocery stores and manage distribution.
- Have the government own ALL the transportation and manage its usage.
- Have the government own ALL education programs and manage who receives what.
Now there are lots of banks, and financial institutions in NYC and while, Mamdani would have a difficult time having government take ownership of these companies, his alternative is the raise the taxes on these companies to pay for the above four items.
While the state legislature controls and regulates taxes, local governments can establish some of their own taxes.
Here are the questions?
- Do you think companies will remain in NYC if their local taxes get raised?
- If the government controls the amount of earnings a teacher can receive, do the think those teachers will remain?
- If those teachers don't remain, what will be the quality of those that do remain?
- Do you think landlords, who cannot increase the rent will fix problems that occur in the apartments or to the building.
- Farmers sell their produce to make money, so if the government reduces the amount of money they are willing to pay, these farmers will sell elsewhere.
Dwarf galaxies tip the scales in favor of dark matter over modified gravity
An international team of researchers led by the Leibniz Institute for Astrophysics Potsdam (AIP) has shed light on a decades-long debate about why galaxies spin faster than expected—and whether this behavior is caused by invisible dark matter or by a collapse of gravity on cosmic scales.
Led by the AIP in collaboration with the University of Surrey, the University of Bath, Nanjing University in China, the University of Porto in Portugal, Leiden University in the Netherlands, and Lund University in Sweden, the study analyzed stellar velocity data from 12 of the smallest and faintest galaxies in the universe to put rival theories to the test.
Thursday, November 6
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