Good morning. Sending positive vibes to all the college students taking final exams this week. If it's any comfort, we also don't prepare for the newsletter until the day before, and it turns out just fine. —Neal Freyman | | | READ THIS TO REMAIN A SUBSCRIBER Want to keep receiving Morning Brew? Clicking on newsletter links is the only way for us to know you are reading (and enjoying) Morning Brew. If you don't click by next month, you will stop receiving this newsletter. Click here to let us know that you're still an active subscriber. Thanks! | | | |  | Nasdaq | 15,630.60 | | | | | S&P | 4,712.02 | | | | | Dow | 35,970.99 | | | | | 10-Year | 1.499% | | | | | Bitcoin | $48,831.10 | | | | | Oil | $72.85 | | | | *Stock data as of market close, cryptocurrency data as of 10:00pm ET. Here's what these numbers mean. | - Markets: The S&P begins the week after closing at an all-time high last Friday. The index has closed at a record more times this year (67) than in any other year since 1995. It needs 10 more to tie the mark.
- More S&P fun facts: Microsoft, Alphabet, Apple, Nvidia, and Tesla alone account for over a third of the S&P's gains this year.
| | Justin Sullivan/Getty Images When Texas passed an abortion law that leaves enforcement authority in the hands of private individuals, experts predicted this unusual structure could become a model for other legislation. They were right. California Gov. Gavin Newsom said this weekend that he's crafting a law that bans assault-style weapons using an enforcement approach similar to that of Texas's abortion bill. It would allow private citizens to sue anyone who manufactures, distributes, or sells those weapons for up to $10,000 (Texas's law empowers individuals to sue abortion clinics.) - Some context: California had previously banned assault weapons for 32 years, but that was overturned this summer by a federal judge. Newsom ripped the judge following the ruling and began looking for alternative ways to enforce an assault weapons ban.
Enter: Texas Newsom, a Democrat, is no fan of Texas's law that bans most abortions—he's even pledged to make California an abortion "sanctuary" should Roe v. Wade get upended by the Supreme Court. So far, Texas's law is holding up in court despite a barrage of legal challenges, and last week the Supreme Court allowed it to remain in effect. Newsom thought, "Hey, if they can do it to advance their policy goals, so can I." - Gun rights advocates saw this coming. One nonprofit even filed a brief with the Supreme Court opposing Texas's abortion law because of the potential consequences for the second amendment.
Big picture: Republicans in California say Newsom's announcement is just "grandstanding" in order to pad his presidential resume, should he decide to run. But it's still a sign that other states aiming to ramp up gun control may take their cue from Texas. | | Scott Olson/Getty Images A series of tornadoes flattened communities in Kentucky and other Midwestern states on Friday night. Kentucky Governor Andy Beshear said more than 80 people were killed in his state, but expected the death toll to rise to over 100. It is the deadliest tornado event in the state's history, Beshear said. Twisters are rare for December, but atypical hot and humid weather contributed to a remarkably powerful storm cluster. - A single tornado traveled 250 miles, which, if initial reports are confirmed, would break the record for the longest tornado track.
- Debris were hurled up to 30,000 feet in the air, or as high as commercial jets fly.
Factories where workers were busy prepping products ahead of the holiday season became the sites of numerous fatalities. - The large Mayfield Consumer Products candle factory in Mayfield, KY, was destroyed by a tornado. Eight people have been confirmed dead and another eight are missing.
- Six people were killed when an Amazon distribution center in Illinois collapsed.
Here are ways to help the tornado victims, and here is drone footage showing the damage in Mayfield. | | Boosters work: New data from Israel showed that a third shot of Pfizer-BioNTech's vaccine effectively prevents serious illness from the Omicron variant, but two doses doesn't do the trick. A Pfizer study from last week revealed similar results. NY masks up: All public indoor places that do not require proof of vaccination will need to mandate mask-wearing starting today, per an order from Gov. Kathy Hochul. The move is intended to tamp down the state's worst Covid surge in more than six months. Return to office on hold: Companies including Meta, Ford, Alphabet, and Lyft have all recently pushed back their return-to-office dates or expanded remote work options for employees. Jefferies, the investment bank, canceled its holiday party and in-person client meetings after a spike in cases at the firm. The UK raises alert level: Prime Minister Boris Johnson said a "tidal wave" of Omicron cases would hit the country and that he'll open up booster shots to all adults before the end of the year. | | | When you're trimming your tree this holiday season, make sure MANSCAPED is in your bag of toys. And if you don't have any MANSCAPED products to spread holiday cheer across your nether regions this year, we bring good tidings: Their Holiday Sale is on, which means 20% off and free shipping sitewide. MANSCAPED has been pulling double shifts in the workshop crafting products that'll have your jingle bells ring-ting-tingling with good-looking cleanliness, like: - The Lawn Mower® 4.0 SkinSafe™ electric ball hair trimmer
- The Weed Whacker® nose and ear hair trimmer
- The Crop Reviver® travel-size ball refreshing spray
And there's ho ho ho so much more where that came from—anti-chafe boxers, water-resistant travel bags, moisturizing body wash, and more. Pull your sleigh up to the MANSCAPED Holiday Sale here before it ends. | | Hormel Stat: Canned meat is the food trend you've been sleeping on. Spam sales hit a record high for the seventh year in a row, the CEO of parent Hormel said. Quote: "I want to try something new, to go beyond politics to all the things I'm interested in; I'm ready for a new adventure." Fox News Sunday host Chris Wallace announced he's leaving the network after 18 years in a surprise announcement. Early next year he'll begin hosting a weekly show for CNN+, CNN's new streaming service. Read: What if people don't want a "career"? (Galaxy Brain) | | Alex Wong/Getty Images All eyes on Powell: The final Fed meeting of the year should be action-packed, as Jerome Powell and his central bank pals try to tame the highest inflation rate in 39 years. What investors want to know: 1) Whether the Fed will unwind its stimulus measures more quickly than planned and 2) How many rate hikes they should expect for next year. Earnings: The electric automaker Rivian will report earnings for the first time as a public company on Wednesday. FedEx also drops its quarterly numbers this week. Everything else: - Spider-Man: No Way Home hits theaters on Friday.
- Closing arguments for the Elizabeth Holmes trial begin on Thursday.
- Tiger Woods will play alongside his son at the PNC Championship on Saturday, the first time he's competed since a brutal car crash 10 months ago.
| | - Blue Origin's launch on Saturday, carrying Michael Strahan and five others, was the thirteenth human space mission this year. That's the most such missions in any year in history (second place is 1985, with 11 launches).
- West Side Story brought in an estimated $10.5 million at the domestic box office, a disappointing result.
- Alibaba fired an employee who accused her former boss of sexual assault earlier this year, according to a Chinese state-backed newspaper.
- Exchange-traded fund inflows hit $1 trillion for the first time this year. In 2020, ETFs brought in $735.7 billion.
- Max Verstappen won his first ever F1 championship in a highly controversial finish at the Abu Dhabi Grand Prix.
| | | The gift of cozy toesies. Pick out merry and bright socks fit for the whole fam from the Bombas holiday collection. They come in festive gift boxes—AKA, no wrapping required. You can save up to 15% on packs and feel jolly knowing each item you buy = one equal item donated. Shop here. | | Business education without the BS. MB/A, our virtual 8-week program, is designed to accelerate the careers of top professionals by giving you skills you can apply directly at work. We have a few more spots left in our 2022 winter cohort, and, if you apply before Sunday (December 19th) you'll save $100. Fill out the application today. We have confirmation: Students do not read syllabi. Dive back into the week: | | Turntable: Here's a fresh serving of your new favorite Monday morning tradition. Name That Movie Can you name the movies that contain the following quotes? - "I'll be back."
- "That rug really tied the room together."
- "Honey, where's my super suit?"
- "Here's looking at you, kid."
- "Tina, you fat lard, come get some DINNER!"
- "I ate his liver with some fava beans and a nice Chianti."
- "I fart in your general direction!"
| | - The Terminator
- The Big Lebowski
- The Incredibles
- Casablanca
- Napoleon Dynamite
- Silence of the Lambs
- Monty Python and the Holy Grail
| | HOW WAS TODAY'S NEWSLETTER? | | | Written by Neal Freyman Was this email forwarded to you? Sign up here. WANT MORE BREW? Industry news, with a sense of humor →  Podcasts → Business Casual and Founder's Journal Accelerate Your Career → - MB/A: virtual 8-week program designed to broaden your skill set
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