Your Daily Brief

November 2nd, 2022

Good morning, and happy Wednesday! Did you know that, as you read this, we are in the middle of a wellness week for all of Spotify’s over 6,000 workers? Apparently, the music streaming service shut down all of its offices this week and gave its employees a paid week off of work to recharge. Those are the kind of perks we can get behind! We’re hoping Spotify’s move starts a trend for years to come…but in the meantime, here’s what we have for you:

In Today’s Brief

  • Brazil: Bolsonaro agrees to power transition
  • Lindsey Graham: Supreme Court rejects petition
  • Brooklyn Nets: Steve Nash leaving
  • Amazon: Loses $1T market cap
  • Call of Duty: New game sets sales record
  • Top Tips: Salary info now included in NYC job postings, member of Migos shot and killed, former boxer charged with cocaine trafficking

New York City employers must now add salary information to job postings

As of yesterday, most businesses in New York City are required by law to add salary ranges to job postings.

The new law will affect roughly 4M New Yorkers and applies to businesses with four or more employees (including the owner or individual employer) where at least one person is working in New York City. According to an NYC government statement on the legislation, “Employers must state the minimum and maximum salary they in good faith believe at the time of the posting they are willing to pay for the advertised job, promotion, or transfer opportunity.”

Per the legislation, salary ranges must be included in advertisements for full-time and part-time employment opportunities on every platform that houses information on jobs, including on companies’ websites as well as external job boards like Indeed, LinkedIn, and Glassdoor. It also applies to independent contracts, internships, and any other type of work covered under New York City Human Rights Law.

Takeoff from rap trio Migos fatally shot at Houston bowling alley

Takeoff, the third member of the rap trio Migos alongside Quavo and Offset, was shot and killed at a bowling alley in Houston, Texas early yesterday morning.

Law enforcement responded after 2:30 AM to reports of a shooting at 810 Billiards & Bowling. According to police, the 28-year-old rapper (real name Kirshnik Khari Ball) suffered gunshot wounds at the establishment where he and his uncle Quavo (Quavious Keyate Marshall) were playing dice at the time. Ball was pronounced dead at the scene, according to an attorney for the group, while two other individuals were injured and taken to the hospital. As of yesterday evening, no arrests have been announced and the events that led up to the shooting remain unclear.

Ball was born in Lawrenceville, GA in 1994, and began rapping with Marshall and his cousin Offset (Kiari Kendrell Cephus) in 2008. Originally called Polo Club, the trio changed their name to Migos and released their first mixtape, Juug Season, in 2011.

Former boxer charged with trafficking over 22 tons of cocaine through the U.S.

A former heavyweight boxer named Goran Gogic from Montenegro was charged with trafficking 22 tons of cocaine worth more than $1B from Columbia to Europe through the United States.

According to a press release from the Justice Department, the charges that the 43-year-old Gogic faces stem from three seizures of cocaine at three different ports in 2019, including about 19.8 tons from the cargo ship MSC Gayane while it was docked at the Port of Philadelphia on June 19, 2019. In its filing, the Justice Department called the MSC Gayane seizure “one of the largest seizures of cocaine in United States history” and said the cocaine retrieved was worth over $1B.

Per the Justice Department, prosecutors charged Gogic with three counts of violating the federal Maritime Drug Law Enforcement Act, and one count of conspiracy. Each count carries a mandatory minimum prison term of 10 years and a possible life sentence.

Around the Globe

  • Brazilian President Jair Bolsonaro agreed to a transition of power yesterday without contesting the election’s results or directly conceding to President-elect Luiz Inácio Lula da Silva
  • Former Prime Minister Benjamin Netanyahu appeared to hold a narrow lead as of this morning (local time) in Israeli elections, according to exit polls; Netanyahu needs to capture at least 61 seats to earn the majority in Israel’s 120-seat parliament needed to govern and unseat current Prime Minister Yair Lapid
  • Russian defense minister Sergei Shoigu said yesterday that 87,000 Russians have been sent into the ongoing conflict with Ukraine since Russian President Vladimir Putin announced a “partial military mobilization” of 300,000 reservists in September

On the Homefront

  • The Supreme Court rejected South Carolina Senator Lindsey Graham’s petition to temporarily block a subpoena seeking his testimony before a grand jury investigating 2020 election interference in Georgia
  • Two Newark police officers were shot yesterday by a gunman perched on a rooftop in Newark, NJ, according to remarks from State Assemblyman Ralph Caputo; per Caputo, the injured officers were taken to University Hospital in Newark for treatment
  • SpaceX’s Falcon Heavy rocket, which consists of three of the company’s modified Falcon 9 first-stage boosters strapped together, lifted off yesterday from Pad 39A at NASA’s Kennedy Space Center; yesterday’s launch was the fourth for the SpaceX Falcon Heavy overall and its first since June 2019

Glitz & Games

  • The Brooklyn Nets announced that the team has parted ways with head coach Steve Nash; Nash retired as a player in 2014 and took over the team for the 2020-2021 season in his first tenure as a head coach - see his statement that he posted about the decision here
  • Following the release of Midnights, Taylor Swift announced a stadium tour dubbed the Eras Tour that will run from March-August 2023; planned guests include Phoebe Bridgers, Haim, Paramore, Beabadoobee, Gayle, Girl in Red, Gracie Abrams, Muna, and Owenn
  • The Philadelphia Phillies defeated the Houston Astros in Game 3 of the World Series with a final score of 7-0 last night; Phillies lead the series 2-1

Business & Markets

  • Major indexes in the stock market closed lower ahead of this week’s scheduled Federal Reserve meeting (Dow -0.24%, Nasdaq -0.89%, S&P 500 -0.41%)
  • Elon Musk said in a tweet that Twitter will begin charging $8 per month for its Blue service, which includes its “verified” badge, and added that the price will be “adjusted by country proportionate to purchasing power parity” - see Musk’s tweet here
  • Amazon stock (NASDAQ: AMZN) fell for its fifth straight day and closed down at $96.79; yesterday’s closing price marks the first time Amazon’s market cap has dropped below $1T since April 2020

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Tip & Tricks

  • Bump This: Sam Fender’s new track “Wild Grey Ocean” evokes some heavy nostalgia and may make you want to take a long walk with your morning coffee - listen on Apple Music and Spotify
  • Game On: Opening weekend sales of Activision Blizzard’s latest release Call of Duty: Modern Warfare II surpassed $600M, making it the fastest-selling entry in the Call of Duty franchise since it launched in 2003
  • Cash Grab: The Powerball jackpot rose to $1.2B yesterday–its second-largest prize ever and the fourth-largest in U.S. history–after none of the tickets sold matched the winning six numbers; the next drawing is tonight
  • Go Deep: Read through findings in a new paper published in the journal PaleoAnthropology that suggests a whole new theory behind why the Neanderthals went extinct 
  • Say What: “Wings are dead to me. I do not eat wings off the clock,” Hot Ones co-creator and host Sean Evans said in a Vanity Fair profile detailing the first-of-its-kind talk show’s success (if we had to eat over 2,000 spicy chicken wings on camera, we’d probably feel the same way)
  • Hot Goss: Singer Billie Eilish, 20, has confirmed her relationship with Jesse Rutherford of alternative rock band The Neighbourhood, who is 11 years her senior 
  • Life Hack: If you’re feeling the mid-week blues and find yourself a bit laggy on hump day, check out this list of healthy ways to boost your energy and help carry yourself past the proverbial 50-yard line

Looking Back…

On November 2nd: Marie Antoinette, queen consort of King Louis XVI of France, is born (1755); Jimmy Carter is elected the 39th President of the United States (1976); the first resident crew of astronauts–including one American and two Russians–arrive at the International Space Station (2000); American actor David Schwimmer is born (1966).

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