🌎️Trump Threatens Tariffs

☀️Good morning. It's Tuesday, Nov. 26, and we're covering, Trump Threatens Tariffs On Canada, Mexico, And China, Tesla Is Developing A Teleoperations Team For Robotaxi Service, Israel Cabinet To Discuss Lebanon Ceasefire Agreement, and much more. First time reading? Sign up to get this newsletter: Sign up here. 

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.25 Trillion, a 2.57% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $240.8B, which makes a 20.79% increase.

• The total volume in Defi is currently $15.77B, 6.55% of the total crypto market 24-hours.

• The volume of all stablecoins is now $219.32B, which is 91.08% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 57.42%, a decrease of 0.57% over the day.

MicroStrategy Buys $5.4 Billion Worth Of Bitcoin, Shares Fall

MicroStrategy announced its purchase of 55,000 bitcoins for $5.4 billion between November 18 and 24, at an average price of $97,862 per bitcoin, according to an SEC filing. This acquisition was funded through convertible notes and share sales. The company's stock fell 4% following the news, closing at $403.45, and continued to slide after hours. (Read Deeper)

BUSINESS & FINANCE

Trump Threatens Tariffs On Canada, Mexico, And China

President-elect Donald Trump has announced plans for sweeping tariffs on the U.S.’s largest trading partners, targeting Canada, Mexico, and China. A 25% tariff on Canadian and Mexican imports is tied to demands for stricter controls on drug trafficking, particularly fentanyl, and illegal immigration. Additionally, a 10% surcharge on Chinese goods would punish Beijing for its perceived inaction against the opioid crisis.

Takeaway: These moves could violate the U.S.-Mexico-Canada Agreement (USMCA), which guarantees duty-free trade. Economists and officials warn that such tariffs would strain trade relations, disrupt supply chains, and raise consumer costs, potentially igniting trade wars. Global markets reacted sharply, with currencies and equities showing volatility. Trump’s proposals are part of his "America First" agenda, though critics argue they risk harming the U.S. economy and global trade stability. (Read Deeper)

Rivian Secures $6.6 Billion Conditional Loan To Build Georgia Factory

Rivian has secured a $6.6 billion conditional loan from the U.S. Department of Energy to restart construction on its Georgia factory, which will employ 7,500 people by 2030. The loan is part of the Advanced Technology Vehicle Manufacturing Loan Program. Initially planned to produce 400,000 vehicles annually, the factory's operations will now begin in 2028, four years later than originally anticipated.

Takeaway: The delay was due to a cash crunch, and Rivian shifted production of its R2 SUV from Georgia to its existing Normal, Illinois plant, saving $2.25 billion. Rivian also secured $827 million in incentives from Illinois for the shift. This loan is part of a broader effort to support U.S. electric vehicle and battery production, following similar federal loans for Tesla, Ford, and Redwood Materials. (Read Deeper)

TECHNOLOGY & SCIENCE

Tesla Is Developing A Teleoperations Team For Robotaxi Service

Tesla is ramping up preparations for its robotaxi service by developing a teleoperations system, as revealed in a job listing for a software engineer. The role will involve designing software that enables human operators to remotely assist Tesla’s robotaxis and Optimus humanoid robots during complex situations. This approach aligns with industry standards, as companies like Waymo use similar systems to support autonomous operations.

Why It Matters: Decisions made by remote operators can feed valuable data back into training AI systems for Level 4 autonomy, where vehicles can operate without human input in specific conditions. While the current focus is on robotaxis, Tesla has already showcased teleoperations with its Optimus robots, as seen during the "We, Robot" event. (Read Deeper)

NASA Satellites Reveal Earth’s Freshwater Supply Is Declining

NASA satellites have revealed a significant decline in Earth’s freshwater supply over the past decade. Using data from the Gravity Recovery and Climate Experiment (GRACE) satellites, scientists found that global freshwater levels began to drop in May 2014 and have not recovered since. The data indicates that the total amount of freshwater combining liquid surface water, lakes, rivers, and groundwater has decreased by 290 cubic miles (1,200 cubic kilometers), a volume equivalent to more than twice the size of Lake Erie.

Takeaway: The decline has been especially pronounced in areas experiencing extreme droughts. Since 2015, 13 of the 30 most severe droughts on record have occurred across regions such as northern and central Brazil, Australasia, North America, Europe, and Africa. Researchers caution that unless conditions change, the global freshwater supply could continue to decline, with further challenges for communities, agriculture, and ecosystems relying on these vital resources. (Read Deeper)

AROUND DE WORLD & POLITICS

Israel Cabinet To Discuss Lebanon Ceasefire Agreement

Israel's cabinet will soon vote on a proposed ceasefire with Hezbollah to end the conflict in Lebanon. The agreement includes a 60-day truce, the withdrawal of Israeli forces, and the deployment of Lebanese Army troops south of the Litani River to replace Hezbollah fighters. The deal would also involve U.S.-led oversight and recognize Israel's right to act if Hezbollah violates the terms. Despite reports suggesting that a deal is close, fighting continues, with airstrikes from Israel killing at least 31 people in southern Lebanon, while Hezbollah retaliates with rocket fire into Israel.

Takeaway: Israeli Prime Minister Benjamin Netanyahu has tentatively agreed to the deal, but some Israeli officials, particularly from the far-right, oppose the ceasefire, pushing for continued military action. The Lebanese government has insisted that any ceasefire agreement should adhere to UN Security Council Resolution 1701, which ended the 2006 conflict between Israel and Hezbollah. (Read Deeper)

Abaribe Criticizes Tinubu's Nepotism, Says Nigeria Would Be Better Under Peter Obi

Senator Enyinnaya Abaribe criticized President Bola Tinubu's government, claiming that Nigeria would be in a better state if Peter Obi, the Labour Party's 2023 presidential candidate, had won. Abaribe accused Tinubu of nepotism, citing the disproportionate number of ministers from Ogun State as an example. He argued that Obi would have been more inclusive and less biased. Abaribe also called for the people of the southeast to take charge of improving their region instead of relying on presidential fairness. He commented on the arrest of Simon Ekpa, a Biafran separatist leader, welcoming it as a necessary step to curbing violence in the southeast, which he attributed to criminals misusing the Biafran cause.

Why It Matters: Abaribe's comments reflect deep dissatisfaction with the current state of governance in Nigeria, particularly concerning issues of regional inequality and security. His call for a shift in leadership comes amid growing discontent in parts of the country, with many Nigerians looking for change and solutions to the nation’s persistent challenges. (Read Deeper)

ENTERTAINMENT & SPORTS

West Ham Win 2-0 At St. James' Park As Newcastle Struggle To Find Form

West Ham secured a clinical 2-0 victory over Newcastle at St. James' Park on Monday, marking their third win in their last 10 Premier League matches. Tomas Soucek opened the scoring in the 10th minute with a header from a corner, a rarity for West Ham this season. Despite Newcastle dominating possession, they failed to create significant chances, with key players like Anthony Gordon and Joe Willock unable to break down West Ham's defense. (Read Deeper)

Elon Musk Jokes About Buying MSNBC

Elon Musk has fueled speculation about purchasing MSNBC after a series of provocative posts on X, including a query about the network’s price. While some see it as a joke, it highlights growing concerns about "media capture," where politically aligned billionaires control media outlets. Musk’s comments come as Comcast plans to spin off MSNBC and other cable channels into a new entity called “SpinCo” to streamline operations and attract investment. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Kyle Grieve shares key insights from the book The Warren Buffett Portfolio by Robert G. Hagstrom, which examines Warren Buffett's investment approach and how it has led to remarkable long-term success. (Listen)

EXTRA BREVITI

• Warren Buffett, 94, shared his most detailed plan yet for the distribution of his fortune after his death, emphasizing his commitment to philanthropy. (Read More)

• Rocket Lab achieved a major milestone by completing two successful Electron launches within 24 hours, one from each hemisphere a first for any space operator. (Read More)

• Google and Meta Platforms have called on the Australian government to delay a proposed bill that will ban most forms of social media for children under 16. (Read More)

• Namibia may elect its first female president in this week's elections, with Vice-President Netumbo Nandi-Ndaitwah representing the long-governing SWAPO party. (Read More)