Amazon completed its $3.9 billion acquisition of one medical after the federal trade commission said it would not challenge the deal. Amazon also made the news for its return to office mandate that requires corporate workers to come in three days a week. More than 20,000 employees joined a remote work advocacy Slack channel to voice their concerns. McKinsey is cutting 2,000 jobs, one of its biggest layoffs ever.
This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what it means that Mexico is nationalizing lithium.
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