Amazon Deal For MGM Could Come Be Announced In Less Than 24 Hours -- Apple Continues To Think Different -- May 24, 2021

See this post from May 2, 2021.

My concluding paragraph:

That's the problem with Apple TV. It has no content. I subscribe to Apple TV (still for free. Well, almost free: one cent per month). Apple needs to do something and needs to do something this year if it wants to "save" Apple TV. Every month it waits, the gap between Apple and Amazon, and the gap between Apple and Netflix widens. At some point the moat may be too big for Apple to bridge. Especially if Amazon acquires the MGM catalogue. 

So, today we learn: Amazon deal to acquire MGM to come as soon as tomorrow, Tuesday, May 25, 2021.

One wonders if Apple even considered going after MGM. If not, it confirms that Apple continues to "think different.

It certainly seems Apple has no desire to be seen as simply airing reruns along with other streaming networks. Having said that, I watch Hulu "all the time," and haven't watched a thing on Apple TV+.

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Glut Of Cash Complicates Things;
Short Term Interest Rates Have Plummeted To Historic Lows

Glut of cash. Link here. Six-month treasury at .... drum roll ... 0.02% -- that's not 2%. That's not even 0.2%. It's 0.02%. A year ago, it was almost 0.2%. Life insurance companies must be having a heck of a time.

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Electric Truck Startup Lordstown Starting To Look Down

Lordstown Motors will sharply cut back its production outlook for its electric truck and still, it needs to raise more capital. 

Just-in-time inventory generally means that companies have two weeks worth of inventory parts on hand. Lordstown Motors says it has all the semiconductor chips it needs to meed met production goals for the year. 

Link here.  

The company posted a loss of 72 cents a share, incredibly worse than the consensus 25-cent-loss, and almost five times worse than the 16-cent-loss one year ago. 

RIDE's year-end liquidity went from an expected $200 million two months ago to just $50 million announced today. Lordstown is burning through cash at a stunning rate. Forecast revenue for 2021E down to basically $0 and CAPEX + OPCOSTS surging. 

Didn't they say that about Tesla years ago?

But backed by GM, the company has very, very deep pockets. Not to worry.

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PG&E To Move Out Of San Francisco

Will move across the bay to Oakland. 

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"202One?"
CDC, US SecState: "Here, Hold My Flag"

CDC and State Department: highest-level warning -- Americans should not visit Japan. At this level everything is political. 

Did either clear this with President Biden? Was Japan called before this announced?

Japanese Olympics in July. This is almost June. 

More and more Japanese businesses say "NO" to "202One."