Krispy Kreme on Monday announced that it's launching a year-long promotion to give a free donut to anyone who's received a COVID-19 vaccine.
Why it matters: Although most people won't change their mind on the vaccine solely because of a donut, promotions like this could help build enthusiasm around the vaccines overall.
A fire at a semiconductor chip plant in Japan threatens to make life worse for automakers already struggling to get critical chips amid a global shortage.
The big picture: The chip industry was already facing its biggest supply challenge in years amid unexpectedly strong demand, exacerbated by an earthquake in Japan and snow storm in Texas.
The next batch of direct payments from the $1.9 trillion COVID-19 relief package will be sent this week, and Americans who don’t receive a direct deposit by March 24 will get the money via a check or a prepaid debit card in the mail, the Treasury Department announced in an update Monday.
The big picture: Some people will see the money in their accounts earlier, either as a provisional or pending deposit. The Treasury said last Wednesday it had sent $242 billion worth of payments to 90 million Americans.
DoorDash has launched a new initiative to provide same-day on-demand delivery of FDA authorized COVID-19 test collection kits, it announced in a statement Monday.
Why it matters: The initiative could go a long way in helping make at-home COVID-19 testing more accessible, as many Americans prepare to reenter workplaces and schools.
Apple CEO Tim Cook and other top Apple executives are expected to be among the witnesses when a trial begins in the company's legal battle with Fortnite creator Epic Games, according to an initial witness list Apple released late last Friday.
Why it matters: The lawsuit is with Epic, but at stake is Apple's way of doing business in the App Store, including its 30% cut and requirement that developers use only Apple's in-app payment system for digital goods.
In a semiannual economic-policy survey by the National Association for Business Economics, more than two-thirds of the 205 respondents said U.S. policy should do more to mitigate climate change.
The big picture: “Seventy percent of respondents believe that economic policy should do more to mitigate climate change, while 55% believe that the federal government should enact a broad-based energy or carbon tax to boost government revenue,” NABE survey chair Ilan Kolet, Institutional Portfolio Manager at Fidelity Investments, said in a statement.
The value of the Turkish lira fell by more than 15% against the dollar, reaching 8.48 lira per dollar after President Recep Tayyip Erdoğan fired yet another central bank governor over the weekend.
What happened: Now ex-governor Naci Ağbal was relieved of his duties after a surprise 200 basis point increase of Turkey's interest rates last week as part of an effort to restore the credibility of the country's monetary policy and bring down inflation.
Money is flooding into U.S. equities, stock mutual funds and ETFs as more traders and investors follow the bullish calls from Wall Street banks and the Fed.
Why it matters: The flows to equities mark a sea change in psychology from recent years when money consistently flowed out of equity funds as investors sought safety in bonds and money market funds even as stock indexes raced to record highs.
Leon Black is out at Apollo Global Management, the private equity and debt giant he co-founded in 1990, just two months after the conclusion of an independent investigation into his interactions with Jeffrey Epstein.
Why it matters: Black is one of the fathers of the modern private equity industry, making this arguably the most significant private equity retirement ever.
Top executives at large health care companies have been registering more money during the 2020 pandemic year than before, new company filings show.
Why it matters: The coronavirus upended how and when people sought care, but it didn't change the stock-heavy nature of how the industry's power brokers get paid.
David Dobrik, the YouTube star who also co-founded buzzy photo app Dispo, is stepping down from its board and leaving the company, the startup told Axios.
Why it matters: Earlier on Sunday evening, venture firm Spark Capital announced it was stepping off Dispo's board and severing ties with the company in light of recent accusations of sexual assault against members of Dobrik's entourage. Some sponsors have also cut ties with Dobrik in the last several days.
