Daily Update

Daily Brief 12/31 – UK Strain in the US and Amazon Wondery

California reports UK strain: California has reported the first case of the more contagious Covid-19 strain first found in the UK and a day following Colorado’s discovery. During a virtual conference, Dr. Anthony Fauci told California Governor Newsom, “I’m not surprised that you have a case .. We likely will be seeing reports from other states too.”

Luckily it will have no effect on the vaccine according to the WHO. Maria Van Kerkhove, WHO technical lead on COVID-19, said that U.K. officials have informed the group that they don’t believe the new variant will have an impact on vaccines. “That’s good news,” Van Kerkhove said. “But again, there is a lot of information coming out and there’s a lot of studies that are ongoing.”

Amazon acquires Wondery: According to Variety, “Terms of the deal, under which the Wondery team will join the Amazon Music group, were not disclosed. Earlier this month, the Wall Street Journal reported that Amazon was in talks to buy Wondery in a deal worth over $300 million.”

“This is a pivotal moment to expand the Amazon Music offering beyond music as listener habits evolve,” the Seattle- based retail and media giant said in a statement Wednesday. Amazon already has a dominant position in audiobooks through its Audible arm, so its interesting that they are offering Wondery through Amazon music. Perhaps they are aiming squarely at a Spotify-type experience.

Amazon has also commissioned programs from best-selling authors and celebrities, emerging as one of the biggest backers of original audio shows. We look forward to how Amazon continues to try to carve out its own niche in entertainment and experiences.

What we’re reading:

Tweets and Charts we like:

Interesting from Interactive Brokers, we assume he means selling calls

That’s your millennialmkts update! Thanks for reading, if you like this content please consider following this blog and following us on twitter @millennial_mkts

Posts are not investment advice or endorsements.

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