Under60 Daily | 9 December 2020

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

[Markets] DoorDash unveiled the company would go public at $102 a share, valuing the company at $39 billion. This year, the company was privately valued at $15 billion, up from $1.4 billion in x2014.

Over60: ,,WSJ, ,,CNBC

[Oil] OPEC and its allies have agreed to increase their collective output by 500,000 barrels a day in January. The move affirms the world's top oil producers' belief that the worst of a pandemic-inspired shock to demand is behind them.

Over60: ,,WSJ, ,,Mint

[M&A] The German government blocked a deal the takeover of satellite and radar technology firm IMST by a subsidiary of state-controlled missile maker China Aerospace and Industry Group (CASIC) due to national security concerns.

Over60: ,,Reuters

[Trade] The British government has broken rank with the EU by announcing that it will suspend punitive tariffs against Boeing Co. The move is expected to pave the way for a post-Brexit deal with the United States.

Over60: ,,FT, ,,The Guardian

If this was useful to you, subscribe here. We thrive on subscriber feedback. Feel free to reach out to us here.

Team Under60,