Elon Musk's Tesla Sued, 'Black Swan' Author Calls Bitcoin Tumor, FDA Okays Most-Expensive Drug And More: 5 Key Stories You May Have Missed From The Weekend

Zinger Key Points
  • Fed rate concerns are dominating the market as fresh week begins.
  • Elon Musk is yet again in the spotlight, both for the right and wrong reasons.
Elon Musk's Tesla Sued, 'Black Swan' Author Calls Bitcoin Tumor, FDA Okays Most-Expensive Drug And More: 5 Key Stories You May Have Missed From The Weekend

As the market looks ahead to the Federal Open Market Committee meeting, discussions over the weekend centered around the Fed decision and its implication for growth and the financial markets.

Here's a recap of a few major headlines that hit the wire over the weekend:

Black Swan Author Slams Fed, Bitcoin: Nassim Taleb renewed his Bitcoin BTC/USD bashing and also criticized the Fed for maintaining interest rates at extremely accommodative levels. “Zero interest rate for a long period of time, you are hurting the economy, you are creating a bubble, creating tumors like Bitcoin,” he said. He renewed his call for the apex crypto going as low as 0.

Disney-Comcast Lock Horns Over Hulu: Streaming platform Hulu is majority owned by Walt Disney Company DIS, while Comcast Corporation CMCSA holds a 33% stake in the platform. Both companies have a deal in place to transfer full ownership in Hulu to Disney in 2024.

Disney’s CEO Bob Chapek has recently sounded out his intention to push forward the timeline for the acquisition of the remaining stake in Hulu. While Chapek suggested a lower price could be renegotiated, Comcast CEO Brian Roberts ruled out any such move.

Tesla Sued Over Deceptive FSD Advertising: A Tesla Inc. TSLA owner has sued the company and its CEO Elon Musk for deceptively advertising the full-self driving software tech as fully functioning or “just around the corner” despite knowing that it did not work or was non-existent and made vehicles unsafe. He had reportedly paid a $5,000 premium for his 2018 Model X to get “Enhanced Autopilot,” which was sold as a precursor to the FSD software suite.

See Also: Rich Dad, Poor Dad Author Warns Of 'US Dollar Dying' Yet Gain; 2 Commodities And 1 Crypto Robert Kiyosaki Recommends

Bluebird bio Receives Back-to-Back Nod: bluebird bio Inc. BLUE announced that the FDA approved its gene therapy to treat a rare, inherited neurodegenerative condition called cerebral adrenoleukodystrophy, which affects young boys, between the ages of 4 and 17 years. The wholesale price of the drug is fixed at $3 million, making it the most expensive drug to date.

Elon Musk Gets Pat On The Back: Tesla CEO Elon Musk received praises from Eric Schmidt, who formerly served as Alphabet Inc. GOOGL GOOG unit Google’s chairman and CEO, for providing Ukraine with SpaceX’s Starlink terminals.

“Elon is a real hero in the story,” he reportedly said, praising him for the speed of the internet Starlink provided while he was traveling by train in Ukraine.

What Else: U.S. President Joe Biden signaled that he isn’t yet decided on running for office in 2024. It’s an intention to run again, he said, adding that it remains to be seen whether it is a firm decision to run.

Russian President Vladimir Putin said if Europe wants more gas, it should lift sanctions on the Nord Stream 2 pipeline. He denied Russia’s role in Europe’s current energy crisis and blamed the predicament on the continent’s “green agenda.”

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11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.


Featured image sourced from Shutterstock

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