DAILY DOSE: November 19, 2020
Posted on 11/19/2020
1. Muddy Waters Research, the famous short-seller research company, says China-based JOYY Inc. is a fraudulent tech company, claiming the live streaming company is guilty of using bots and having fake users.
2. President Trump’s campaign is still contesting the results of the unprecedented long-voting season of the U.S. presidential election. Former New York Mayor Rudy Giuliani has a large number of sworn affidavits from various swing states claiming voter fraud, such as mismarking ballots, accepting ballots past the due dates, and not asking for ID verification when voting in person. Public polling shows are large number of Americans do not trust the integrity of the vote of this election, mostly along party lines. Furthermore, a large number of U.S. ballots are being counted outside of the U.S. The major U.S. media networks have focused their cameras on Joe Biden and information regarding his transition team. The question comes down to vote certifications by state.
3. U.S. tariffs are poised to be hitting India, Italy, Austria on digital tax.
4. The United States imposed North Korea-related sanctions.
5. SEC Chairman Jay Clayton is considering SEC guidance for SPAC disclosures as the number of SPAC offerings continues to grow.
6. U.K. Prime Minister Boris Johnson wants to restore Britain’s position as the foremost naval power in Europe. Johnson ads the era of cutting defence spending ends now.
7. Without bailout, MTA budget would lop off 9,367 workers and reduce 40% of subway service.
8. U.S. Congress goes on vacation next week.
9. San Francisco-based Affirm, a provider of personal installment loans for online purchases, filed for an IPO.
10. Republican members of Michigan’s House of Representatives introduced a resolution for the impeachment of Democratic Governor Gretchen Whitmer.
11. Activist Erin Brockovich, famous for her documentary on Pacific Gas and Electric Company of California impacting a community, is taking it to the media against Joe Biden for naming a DuPont consultant to his Environmental Protection Agency transition board. This consultant helped DuPont, the toxic chemical company, combat regulations over discharging cancer-causing PFAs.