Hi there everybody! Welcome to this weekly roundup of Enterprise Insider tales from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.
Learn on for extra on how a Joe Biden-Kamala Harris administration might influence every little thing from healthcare to energy to tech, allegations of misleading sales tactics at fast-growing energy firm Powerhome Solar, and how family offices are recruiting.
The nation has determined.
The AP, NBC, CNN, The New York Instances, and The Washington Submit called the presidential election for Joe Biden shortly after 11 a.m. ET Saturday, following Insider in calling the result. Biden and Vice President-elect Kamala Harris took to the stage final night time to ship their victory speeches, emphasizing hope and unity.
It has been a fractious election race, and President Donald Trump is but to concede, although pressure for him to do so appears to be building. In a stark reminder of the problem Biden will face as president, the world this morning surpassed 50 million confirmed coronavirus cases.
We’ll proceed to cover the races that have yet to be called, and the Trump marketing campaign’s authorized challenges. For now, here is a breakdown of what the election outcomes means for Trump, Biden’s potential cupboard, healthcare, tech, hashish, vitality, entrepreneurs, markets, and extra.
Powerhome Photo voltaic makes use of deceptive ways, insiders recommend
From Benji Jones:
For years Jim and Beth Rickenbaugh had resisted placing photo voltaic panels on high of their brick dwelling in Charlotte, North Carolina. They needed to wipe out their utility invoice, however the value appeared too steep.
Then, in late 2016, the couple got here throughout a deal they felt they could not refuse.
A salesman from Powerhome Photo voltaic, an vitality firm headquartered in close by Mooresville, visited their dwelling and supplied them a solar-energy system for no upfront value that he mentioned would almost erase their utility invoice, in keeping with the Rickenbaughs.
They’d simply must make month-to-month funds for the panels that might be not more than the financial savings on their electrical energy invoice from Duke Power, they mentioned.
In 2017, the Rickenbaughs signed up, agreeing to pay greater than $15,000 for his or her system. Paperwork present they signed a 20-year mortgage with a 6% rate of interest, which means they’re going to pay a further $11,765 in curiosity.
Then they waited for his or her invoice to plummet. It did not.
Learn the total story right here:
Household workplace hiring
From Rebecca Ungarino:
Many banks and asset managers are slowing hiring or laying off staff in the course of the pandemic. Or each. However household workplaces, the hush-hush, loosely regulated wealth managers for the world’s richest clans, are outliers.
After pausing searches for transient durations earlier this 12 months, many have resumed hiring for largely funding roles in latest months, six recruiters mentioned in interviews with Enterprise Insider.
They’re wanting in lots of circumstances to attract in expertise from non-public fairness corporations and elite wealth managers, recruiters mentioned, and persevering with to type operations that resemble established establishments with refined capabilities.
Learn the total story right here:
Invitation: How marijuana’s election triumph is reshaping the US hashish business
After the outcomes of Tuesday’s vote, one factor is obvious: Americans overwhelmingly support cannabis reform.
Be part of Enterprise Insider hashish reporters Jeremy Berke and Yeji Jesse Lee in dialog with healthcare editor Zachary Tracer, who shall be breaking down what the poll initiatives imply for hashish corporations, customers, and the way forward for hashish coverage within the US at 3:00 PM EDT on Tuesday.
Listed here are some headlines from the previous week you may need missed.
Jen Sey was a champion gymnast before ascending to become global brand president of Levi’s. Here’s how her experience competing — and speaking out about abuse in the sport — has influenced her leadership style.