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Here’s what we got today:

• 🚗 Tesla Stock Jumps 15% After U.S. Election Results

• 🔍 Googlers Navigate Political Guidelines with Creative Memes

Tesla Stock Jumps 15% After U.S. Election Results

Musk has a new Trump card and wasn't afraid to use it. Tesla's ($TSLA) stock surged 15% Wednesday after Donald Trump's presidential election win. The billionaire's 13% stake in the EV automaker makes his net worth jump to $284.3 billion, a 20 billion increase in one day. The SpaceX founder contributed at least $118 million to Trump's campaign, being the second largest donor behind Timothy Mellon. Wedbush Securities analyst Dan Ives suggested that Trump's presidency might negatively affect the EV industry but could still help Tesla with import tariffs on Chinese EVs from manufacturers like BYD ($BYDDF) and Nio ($Nio).

• Tesla's stock hit a new 52-week all-time high

• Trump promised Musk leadership of a government efficiency commission

Googlers Navigate Political Guidelines with Creative Memes

Google's internal meme culture is having its own election season - minus the politics. CEO Sundar Pichai has instructed employees to maintain workplace neutrality and avoid political discussions, leading to creative responses across the company. Using Memegen, Google's ($GOOG) internal meme platform, employees are finding subtle ways to address the election while respecting new guidelines on political expression. Popular posts reflect this careful balance, with one reading "Nothing Happened. For the first time in history nothing happened for a whole day," while another notes "It's not a permitted personal political opinion at the workplace unless it comes from the C-suite."

• The policy came after employees shared their thoughts about the Gaza conflict earlier this year

• Memegen has been a crucial internal communication tool since 2010

Markets

Futures, dollar and Bitcoin spike as Trump wins presidency - what's moving markets. Following Donald Trump's 2024 White House win, US stock futures jumped up to 2.4% while the dollar recorded its largest single-day gain since March 2020. The markets now turn their attention to the next Fed meeting. [Read]

New trade tariffs could lead to vicious circle of trade war, ECB warns. European Central Bank Vice President Luis de Guindos warned that new tariffs could be detrimental to global growth and lead to a retaliation and a trade war after Donald Trump won the U.S. presidential election. [Read]

US fiscal strain looms as key challenge for newly elected Trump. The prospect of rising government debt sent Treasury yields jumping as high as 4.479% amid worries about upcoming debt ceiling negotiations. [Read]

Business

Nintendo jumps 6% as it says current Switch games will be playable on the console’s successor. Nintendo ($NTDOY) shares surged 6% as the Japanese video game console manufacturer announced that the current Switch games will be playable on its upcoming console. [Read]

Qualcomm Stock Pops on Better-Than-Expected Earnings, $15B Buyback. The semiconductor giant reported fourth-quarter revenue of $10.24 billion, up 19% year-over-year and above analyst consensus. The company also announced a $15 billion share repurchase program. [Read]

Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating. Aircraft parts supplier Spirit AeroSystems ($SPR) said there was "substantial doubt" about its ability to keep running amid losses, debt, and ongoing difficulties at Boeing. [Read]

Trump's economic plan hinges on tax cuts, tariffs, immigration crackdown. Reuters

DJT stock jumps after Trump clinches election win. Yahoo Finance

For Europe's markets, Trump's return spells euro pain but bond gains. Investing.com

Bankrupt TGI Fridays has $50 million in unused gift cards. Quartz

Trump 'won fair and square': Business leaders react to election result. BI

China's Xi called Trump to congratulate on election victory. CNN reports. Reuters

Canada orders wind up of TikTok's Canadian business. Reuters

BMW Posts Sharp Fall in Automotive Profitability. WSJ

China says it hopes for ‘peaceful coexistence’ with U.S.. Fortune

Toyota’s Bet on Hybrids Looks Even Better Under Trump. WSJ

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.