Hello everyone! Welcome to this weekly story summary by Insider co-editor-in-chief Matt Turner. Sign up here to receive this newsletter in your inbox every Sunday.
Read on to learn more about Trump administration officials being snubbed while looking for jobs, Cathie Wood’s 2021 predictions and tension in The New York Times.
Reading time: 5 minutes.
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The United States developed vaccines against coronavirus in record time last year.
But, as Hillary Brueck reported this weekend, the process of putting these vaccines in people’s arms is terribly slow – just as more Americans are dying from the virus than ever before. As she reported:
There are promising signs that this vaccination campaign will accelerate soon. But the delay has already caused thousands of deaths, and it will be a challenge to go back.
Read the full story here:
Trump’s management team is being despised
From Claire Atkinson and Sean Czarnecki:
Former White House employees can often reach senior positions after years of dealing with some of the most difficult crises in government.
But as companies start avoiding Trump companies, the group that leaves 1600 Pennsylvania Avenue is already suffering.
A public relations recruiter told Insider that they had received inquiries from at least 15 White House people looking for jobs. The recruiter hired six people as clients, but none even managed to secure an interview with the companies for which they had applied.
“It is very difficult,” said the recruiter. “You should put anyone in front of a job that has credentials. Morally, it is difficult for people to want to work with them.”
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Cathie Wood predictions
From Vicky Ge Huang:
By all accounts, Cathie Wood’s ARK Invest had a successful year.
Ark Innovation ETF (ARKK), Ark Innovation ETF (ARKK), $ 6 billion ARK Next Generation Internet ETF (ARKW) and $ 9.4 billion ARK Genomic Revolution ETF (ARKG) returned 153%, 157 % and 181%, respectively. beating 99% of its category peers, according to data from Morningstar.
These incredible gains helped ARK raise more than $ 20 billion in less than four months, bringing the company’s total assets under management to $ 50 billion in mid-December, from $ 28.4 billion in early September.
To be sure, ARK’s chance for fame made so much noise last year that some investors are skeptical about whether the company can continue its impressive tide.
However, Wood looked unperturbed at a Tuesday update of the markets’ webinar.
“The V-shaped recovery that we talked about some time ago may have experienced a slight fluctuation in some of the statistics coming out today,” she said, referring to the surprise drop in payroll in December. “But it was all about leisure, hospitality and more for small businesses.”
While the V-shaped recovery may be somewhat moderate, Wood sees “explosive gains” ahead, driven in part by potential bipartisan action on infrastructure, health and clean energy.
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Tension in The New York Times
From Steven Perlberg:
The revelation of The New York Times podcast “Califado” was a big black eye for the newspaper’s prestigious and profitable audio unit, triggering a broader review within the newspaper.
Several Times officials told Insider that there was a growing feeling within the broader newsroom that the institution handled the consequences poorly and did not hold enough people accountable.
In the meantime, the Times’ internal standards team is cracking down on practices such as using anonymous sources. “They are repressing everything and making life difficult for everyone,” said a Times reporter.
The incident, in which The Times was misled by the source that supported the narrative in the “Caliphate” story, marked a major constraint for an audio division that has become the envy of the media industry thanks to “The Daily,” head of the podcast newspaper presented by Michael Barbaro.
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ICYMI: GitHub faces negative reaction from employees
From Rosalie Chan:
Microsoft-owned GitHub is facing negative employee reaction after a Jewish employee was fired. The official was fired two days after suggesting in an internal chat room that there were “Nazis” among the United States Capitol rebels.
Employees circulated an internal letter with about 200 signatures on Monday asking the company to denounce white supremacy and the Nazis and demanding responses to the termination.
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INVITE: How to invest in the real estate market in 2021
We are mapping the way forward for the real estate sector in 2021, including which towns, cities and states to look at, how to deal with high housing prices and low mortgage rates and why Americans’ housing preferences are changing as a result of the pandemic .
On January 20th at 1 pm ET, Libertina Brandt will moderate a panel on how to invest in real estate next year, featuring R. Donahue Peebles, founder, president and CEO of Peebles Corporation, and Daryl Fairweather, chief economist at Redfin.
Sign here.
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Here are some headlines from the past two weeks that you may have missed.
– Matt
Five major revelations in SoFi’s plans to go public, including how fintech is thinking about the future of student debt and the importance of a bank contract
Here are the 26 hottest cannabis startups that are set to take off in 2021, according to leading investors
Leaked slides from a recent Instagram presentation reveal advice that gives creators what to post
Morgan Stanley has just promoted 171 people to managing director. Here is an analysis of the last class.
Meet the top executives who lead the turnaround of advertising giant Publicis as they face off against rivals WPP and Omnicom
Here is the pitch that Clark used to persuade Chinese tech giant Tencent to lead his $ 85 million round
Walmart is working on a stealth healthcare technology venture that could change the way you shop
Robinhood reinforced his legal firepower with these 11 lawyers, while looking at a successful IPO, including SEC veterans and an internal lawyer at Goldman Sachs
Read the original article on Business Insider