Your Evening Briefing
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Good afternoon. There are lots of questions surrounding Tesla’s first all-electric heavy-duty truck. “This will blow your mind clear out of your skull and into an alternate dimension,” CEO Elon Musk wrote on Twitter this week. We’ll see if that’s the case when the company unveils its Semi Thursday night in California. But even if it’s a “Beast” on the road, does it have what it takes to sell? —Megan Hess
House Republicans passed their version of a tax bill, the first step in what would be a historic overhaul of the U.S. tax code by slashing the corporate rate, lowering tax burdens for most individuals and adding an estimated $1.4 trillion to the deficit over the next decade. The Senate is debating its own plan, though it’s not yet clear whether the chamber will have enough votes to pass it.
Al Franken apologized after a radio news anchor said he forcefully kissed and groped her without consent when they were on a USO tour to the Middle East in 2006. A number of Franken’s fellow Democratic senators condemned his conduct, and Republican Senate Majority Leader Mitch McConnell said the ethics committee should review the matter.
What to watch for in Tesla’s big rig reveal. The project, in the works for two years, is aimed at killing the diesel engine. Tesla will show off its Semi on Thursday at 8 p.m. on the West Coast. Musk promised it will “out-torque any diesel semi” and drive “like a sports car.” But it has some high bars to meet before it can be considered a viable alternative to its fossil fuel rivals.
The best place to get an MBA. Harvard Business School was ranked the best business school for the third straight year, according to Bloomberg Businessweek’s 2017 list. Each school’s ranking is based on surveys of recruiters, alumni and students, as well as recent graduates’ success at landing jobs and securing high salaries. Here’s how the rest of the 85 best U.S. business schools stack up this year.
Airlines have your personal data, and they’re using it. The industry has long dreamed of a day when it could use all the information it’s collected on you. That data has traditionally been segregated in various IT systems, but now many carriers are funneling it into a customer service strategy—with flight attendants becoming the face of hyper-personalized service. But trying to make you feel special risks things getting creepy.
Goldman’s top trades for 2018. “Late-cycle optimism” is the chief theme underpinning the bank’s seven top trade theses, as outlined in a note by the Goldman Sachs co-head of global macro and markets. Its stance is far from “America First,” contrasting with last year’s trade ideas, which were dominated by worries about the potential of President Donald Trump to disrupt global commerce.
The 48 most luxurious gifts for the holidays. Whether you’re looking for a children's toy that costs $16 or a pair of alligator-skin boots for $16,000, we’ve started your holiday list-making for you. You’ll find inspiration for all your loved ones, organized by price point.