DAILY DOSE: December 12, 2020

Posted on 12/12/2020


1. Oracle Corporation is packing up its bags and leaving Redwood Shores, California, for Austin, Texas, in another move form Silicon Valley to Texas.

2. Switzerland has frozen the financial assets of the Belarus President Alexander Lukashenko. Lukashenko and son Viktor are among 15 people banned from entering or travelling through Switzerland.

3. AstraZeneca PLC said it agreed to buy Boston-based Alexion Pharmaceuticals Inc. for US$ 39 billion in cash and stock.

4. Northwest Hardwoods, Inc. has filed for Chapter 11 bankruptcy, seeking to eliminate US$ 270 million in debt and financially restructure the company.

5. Exxon Mobil Corporation will lay off more than 700 workers in the Houston area.

6. U.S. Supreme Court (9-0) on Friday tossed a last-minute bid by the state of Texas to overturn the 2020 election by challenging the results of four battleground states. Citing a lack of standing, Justice Samuel Alito wrote in a brief order that the state “has not demonstrated a judicially cognizable interest in the manner in which another State conducts its elections,” adding “All other pending motions are dismissed as moot.” To show the distrust in the U.S. election, a Fox News poll from December 6-9, 2020, showed 36% of all voters believe the “Election was Stolen from Trump.” 68% Republicans, 77% Trump voters, 26% Independents, and 10% Democrats believed the election was stolen, thus highlighting an upcoming contentious transition. No sample size was given.

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