⏱Texas is taming the sun

90 Second News Issue #34

Good morning everyone. Sit back, drink your coffee, and relax. You deserve it after this holiday weekend.

0:05- E-Commerce pioneer dies after house fire

• Tony Hsieh (pronounced as “shay”), CEO of Zappos, died yesterday due to complications from a house fire on November 18th. He was regarded as one of the gurus of e-commerce after successfully investing in Zappos and bringing it all the way to a $1bn valuation when they were purchased by Amazon in 2009. He was well regarded for his quirkiness and leaves behind an alpaca named Marley and a dog named Blizzy.

0:23- Ready, set, (we’re waiting on the approval for go)

• United Airlines began chartering flights on Friday to various locations around the country to distribute the Pfizer vaccine for rapid distribution if it’s approved by the FDA. Logistics has been a key concern for vaccine makers, and special considerations (such as being able to carry 5x as much dry ice as normal) have been made by various regulators in an effort to speed up the process.

0:41- McKinsey advised offering rebates when Purdue drugs caused overdoses 

• The NYT discovered yesterday that McKinsey & Company, one of the biggest consulting firms in the world, had played a massive role in Purdue Pharma’s distribution of Oxycontin and the resulting opioid epidemic. Court filings revealed that the firm had suggested paying distributors a “rebate” for every overdose they caused with the drugs. The documents also revealed internal documents from McKinsey suggesting that they should consider “eliminating all our documents and emails” related to Purdue.

1:01- Iran vows revenge for the death of Fakhrizadeh

• After Iran’s top nuclear scientist was killed on Friday, the response by Iran was quick. Their Supreme Leader, Ali Khamenei, vowed quick revenge, and appeared to blame Israel for the death, but no official evidence was presented.

1:11- Renewable energy charge is being led by .... Texas?

• Texas, the United State’s leading renewable energy producer, built that title on wind power, but is now turning to solar. Currently, Invenergy LLC is building a $1.6bn solar farm which will become the nation’s biggest solar energy source when it is finished in 2023. It will cover an area equivalent to more than 13k football fields, and provide electricity to more than 300k homes. 

Have a great rest of your day, and we’ll see you tomorrow bright and early!

-The 90 Second News Team

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