Tuesday - 02/23/21
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Welcome to Bullet Points by News Bling where we give you a well-rounded dose of bias-free news in the fewest words possible so you can start your day smart. 🧐


New York Attorney General says Trump Supreme Court ruling won’t affect her investigation

  • NY Attorney General Letitia James has stated that she will continue actively investigating the Trump Organization’s supposed inflation and deflation of property values to avoid taxes and receive other financial incentives
  • The US Supreme Court’s ruling to allow the Manhattan District Attorney’s office to investigate 8 years of Trump’s tax returns and financial records will not affect her civil probe according to James
  • The two ongoing investigations are studying how the Trump Organization valued real estate assets for various transactions


EU to sanction four Russians over Navalny arrest

  • EU foreign ministers have agreed to place sanctions on four senior Russian officials close to President Putin as a response to Kremlin critic Alexei Navalny’s jailing
  • The agreement, which is planned for formal approval by the EU in early March, was brought forward after France, Germany, Poland, and the Baltic states convinced the EU to make a statement on allowing debate and protest in Russia
  • Navalny was arrested on his return to Moscow last month after returning from Germany where he was recovering from a near-fatal poisoning


Jay-Z sells half of his Champagne brand to LVMH

  • LVMH has purchased a 50% stake in Jay-Z’s Champagne brand Armand de Brignac, aka ‘Ace of Spades’
  • The partnership is a move by LVMH to appeal to a more diverse client base as the luxury section has been criticized for cultural appropriation, racist gaffes, and a lack of runway diversity
  • LVMH recently announced tennis superstar Naomi Osaka as its new brand ambassador, who was recently praised for supporting the Black Lives Matter protests


Tesla stock drops 8%

  • Tesla shares dropped 8.55% on Monday after investors pulled out of Big Tech and invested in cyclical stocks
  • The drop was Tesla’s biggest since Sept. 23, 2020, at which point the stock was down 10.34% for the day
  • Shares of other Big Tech companies also dropped on Monday as the overall Nasdaq Composite fell 2.5%

US 🦅

Texans hit by massive electric bills await details of Gov. Greg Abbott's promised relief

  • Texas lawmakers have promised aid for Texans hit with huge electric bills following a winter storm that overloaded the state’s power grid
  • The exact details of how the state will help those impacted remains unclear as the state’s deregulated electricity market allows for price spikes
  • Some Texans are on a “fixed rate” electricity plan, but others pay rates tied to the spot price of wholesale electricity which saw a huge spike during the storm


The US has lost 500,000 lives to Covid-19

  • The US Covid-19 death toll has crossed 500,000, which is more than the number of Americans killed during WWII
  • President Biden spoke at a candle lighting ceremony to emphasize the grim statistic
  • The flag atop the White House along with flags at the US Capitol were lower to half-staff on Monday


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