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Stellantis CEO Carlos Tavares resigned unexpectedly due to “different views” with the board.
Baidu received Hong Kong's first autonomous vehicle testing license, valid through 2029.
Intel faced criticism over 4% employee pay growth after a 15% workforce reduction and AI pivot.
Volkswagen workers launched warning strikes across Germany, their first major walkout since 2018.
CVS announced 796 new layoffs as part of its plan to cut 2,900 jobs.
🌍 Global Perspectives
🇮🇱🇵🇸 Israeli strikes killed 200 Palestinians in Gaza as the UN halted aid deliveries after trucks were stolen.
🇸🇾🇷🇺 Syrian and Russian forces launched airstrikes across northern Syria after insurgents seized Aleppo.
🇧🇪 Belgium became the first country to grant sex workers official employment rights.
🇨🇳🇹🇼 China condemned the US over Taiwan President Lai's Hawaii transit.
📊 Crypto
Crypto losses dropped to $71 million in November 2024, down 79% from last year.
BounceBit launched CeDeFi V2 platform after raising $6 million from Binance and Blockchain Capital.
Amazon Bets Big on Smart Homes, You Can Too
VCs know how difficult it is to spot promising early investment opportunities. Even the Sharks from Shark Tank declined the offer to buy 10% of Ring for $700,000 – a decision they would regret when Amazon acquired Ring, turning the $700,000 into $10M!
RYSE is the smart-home brand poised to follow a similar trajectory. The founder pitched on Canada’s version of Shark Tank, Dragons’ Den and received two offers – it seems the Dragons’ learned from the Sharks’ mistakes. Don’t make the same mistake the sharks did.
