Inside Daily Brief (Sep 30th, 2020)
Gabrielle Union and NBC settle dispute / Moderna's COVID vaccine tests / Shell to cut up to 9,000 jobs
Subscribe to Inside Daily Brief
Inside Daily Brief. ###PIXEL:IMG###
Gabrielle Union and NBC settled a dispute over her dismissal as a judge from "America's Got Talent." She had accused NBC of firing her after she spoke out against sexism and racism on the show's set.
Union appeared on "America's Got Talent" for one season before her contract wasn't renewed.
In June, Union filed a complaint with the California Department of Fair Employment and Housing in which she provided accounts of racist comments made by producers about her hair.
NBC said a third-party investigator determined in May that her allegations weren't true and they played no role in her termination.
Union accused fellow judge Simon Cowell of smoking on set and guest star Jay Leno of making derogatory comments about Korean food.
Both Union and NBC released a joint statement saying they reached an "amicable resolution," however additional details weren't provided.
Preliminary results of Moderna's COVID-19 vaccine candidate suggest it is effective in older adults. The study results showed that it was capable of producing necessary antibodies at levels akin to those found in younger adults.
Older adults are considered more vulnerable to the negatives effects of COVID-19.
The vaccine candidate produced side effects such as headaches, chills, and fatigue on par with high dose flu shots.
The side effects were considered mild to moderate with patients recovering quickly. Two patients experienced severe side effects.
The trials consisted of 20 adults aged 56-70 and 20 more aged 71 and up.
Moderna is currently testing a higher dose of the vaccine in a larger Phase III trial.
Oil and gas company Royal Dutch Shell plans to cut between 7,000 and 9,000 jobs as it moves away from fossil fuels. The cuts will come by the end of 2020 and account for more than 10% of its workforce. In June, Shell decreased the estimated value of its assets by $22b as the price of oil and gas plummeted.
The company estimates the cuts will save $2.5b by 2022.
1,500 employees have already agreed to voluntary leave packages that come into effect at the end of 2020.
Shell plans on becoming carbon neutral by 2050, shifting its business from oil and gas production to low-carbon electricity, biofuels, and hydrogen.
The company's strategy is to become "a simpler, more streamlined, more competitive organization" which will use its oil and gas business to fund lower carbon products, according to CEO Ben van Beurden.
BP previously announced that it would lay off 10,000 workers (15% of its workforce) as it also restructures.
This story first appeared in Inside Business. You can read the full issue here.
Bed Bath & Beyond announced Tuesday it would start offering same-day delivery to meet growing demand during the pandemic. Bed Bath & Beyond and its subsidiary buybuy BABY will be teaming up with Shipt and Instacart to make this feature available in 48 states.
There are currently 955 Bed Bath & Beyond and 155 buybuy BABY locations across the United States.
Earlier this year, Bed Bath & Beyond introduced buy online, pickup in-store, and contactless curbside pickup options to service customers who were hesitant to shop in-store due to the pandemic.
Bed Bath & Beyond reported that its online sales increased by 82% for the quarter ending on May 30, with a greater than 100% increase in April and May.
To be eligible for same-day delivery, a customer must spend at least $39, and they will be charged a delivery fee of $4.99.
This story first appeared in Inside Business, you can read the full issue here.
The first game of the NBA Finals between the Los Angeles Lakers and Miami Heat is tonight.
TV ratings for the presidential debate last night were down by 35% from the first presidential debate in 2016.
Peter Thiel's Palantir went public today at $7.25 per share.
Learn how to achieve powerful results from SMS—like 25x+ ROI—with 6 SMS marketing campaigns from leading brands.*
*This is sponsored content.
We're hiring! Check out our available positions:
Growth Marketing Manager
Business Researcher
Michael Tant is a Business Researcher at Inside. He's passionate about economics, technology, crypto, and investing.
Jigney Pathak is a Business Researcher at Inside who loves technology, finance & sports. He has a Bachelor of Business Administration with a finance specialization & has previously worked at Salesforce.
Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What's Trending.
You received this email because you subscribed to Inside Daily Brief. Click here to unsubscribe from Inside Daily Brief list or manage your subscriptions.
Inside Streaming
News, updates, reviews and analysis of industry and consumer trends in the world of streaming
Inside Electric Vehicles
Electric vehicles, self-driving automobiles, smart cars and the people making it happen
Inside Ecommerce
The news, trends, and tech that are reshaping the rapidly changing world of ecommerce