5th January 2021

China is always involved in the news.

Dear Reader,

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, compiled by hand to exclude the clutter and ensure you get up to speed in under a minute.

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[Health] A health-care venture launched by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. called Haven Health, to much fanfare three years ago is shutting down. The venture sought to transform health care for the three companies by pooling resources and technology.

Over60: WSJ, CNN

[M&A] Mondelez, the maker of Oreo cookies and Ritz crackers, is close to acquiring the rest of paleo chocolate-bar maker Hu Master Holdings. The move suggests that the snack-food giant is trying to tap into the growing demand for healthier snacks.

Over60: WSJ (Exclusive)

[Coronavirus] The UK has entered into its third national lockdown from today, with lockdown measures expected to continue till mid-February. Despite the disproportionate effect of the virus on various businesses, fashion retailer Next announced that it expects profits to return to pre-pandemic levels in the coming financial year. 

Over60: The Guardian, BBC

[Markets] In a surprise move, the NYSE has decided to reverse its earlier decision to delist three prominent Chinese telecom companies from its stock exchange. NYSE on Monday made the decision following discussions with “relevant regulatory authorities.”

Over60: WSJ, CNBC

[Labour] A group of Google workers has announced plans to unionize with the Communications Workers of America (CWA). The new union, Alphabet Workers Union, will be open to all employees and contractors at Google’s parent company.

Over60: The Verge


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