Forbes Daily: Government Shutdown Looms As House Rejects Funding Bill

Friday's edition of Forbes Daily covers Rumble's financial struggle, the Fed's warning hits biotech, MacKenzie Scott's year of giving, a drone detection startup and more.
Zachery Lindgren · 3 days ago · 3 minutes read


Stay Ahead of the Holiday Travel Rush

Travel Tips

With the TSA expecting a surge in travelers over the next two weeks, it's crucial to prioritize patience.

Today, along with December 27 and 30, will see some of the highest passenger volumes at airports. Avoid potential delays and cancellations by preparing for crowds.

Monitor NOAA's National Forecast Map to stay informed about potential weather disruptions.

For a smoother security line experience, leave gifts unwrapped.

Robin Radar Detects Drones

As drone sightings increase across the eastern U.S., Robin Radar offers a solution. Its radar can detect incoming drones more effectively than traditional military-style systems.

Funding Bill Impasse

The House rejected a funding bill proposed by President-elect Donald Trump. Without approval by Friday midnight, a government shutdown could occur, leading to potential delays in healthcare services, furloughs, and staff shortages at airports and security agencies.

MacKenzie Scott's Philanthropy

Billionaire philanthropist MacKenzie Scott continues to give generously. She recently announced $2 billion in grants to 199 organizations, bringing her total giving to $19.3 billion.

Biotech Stocks Face Headwinds

Elevated interest rates projected by the Federal Reserve have hurt biotech stocks and startups. Investors seek more stable returns, diverting capital away from innovation and potentially leaving patients with fewer treatment options.

Rumble's Profitability Woes

Rumble, a video platform alternative to YouTube, has struggled financially despite its prominent backers. The company faces industry challenges and has lost significant funds.

Fulton County DA Disqualified in Trump Case

In a setback for Trump, Georgia's appeals court has disqualified Fulton County District Attorney Fani Willis from overseeing a criminal case against him and his allies due to a conflict of interest.

NHL Franchise Values Surge

The NHL has seen a surge in franchise values in 2024. The Toronto Maple Leafs remain at the top, despite falling behind NFL, NBA, and MLB teams in overall value.

Search for MH370 to Resume

Malaysia has initiated a new search effort for the missing Malaysian Airlines MH370 flight, which disappeared over a decade ago.

Charged in Murder of Health Insurance CEO

Luigi Mangione is facing federal charges in the murder of UnitedHealthcare CEO Brian Thompson. This move could open the door to the death penalty.

Corporate Transparency Act Injunction Upheld

A nationwide injunction halting the Corporate Transparency Act remains in effect while the government's appeal is pending.

The Power of Tequila: Clase Azul's Authenticity

Arturo Lomeli has built Clase Azul into a thriving tequila brand by focusing on authenticity and long-term investments.

With an estimated revenue of $150 million and a potential valuation of over $1.5 billion, Clase Azul defies the trend of tequila acquisitions.

Lomeli emphasizes the importance of remaining independent and 100% Mexican-owned.

Health and Science

Cold-Weather Deaths on the Rise

Research reveals a concerning increase in cold-weather-related deaths since 1999, linked to extreme weather events caused by climate change.

Career Advancement

Mastering the Art of Asking for a Raise

Asking for a raise is crucial for career development. Research your market value, evaluate your performance, and communicate your worth effectively.