🌍 Rivian prices its IPO

Plus: Teens are filling US labor shortages [Quartz]( Sponsored by Good morning, Quartz readers! Was this newsletter forwarded to you? [Sign up here](. Forward to the friend who’s wondering [what happened to that Squid Game meme coin](. Here’s what you need to know Electric-vehicle maker Rivian prices its IPO today. The Amazon-backed company’s [public listing is imminent](—it seeks to raise $10 billion, according to Bloomberg, and reach a valuation of $70 billion. Elon Musk still hasn’t honored his own Twitter poll. Tesla’s stock slid after [he let his followers vote]( on whether he should sell $21 billion in shares—the episode also illustrates [how US Democrats’ “billionaire tax” could work](. Robinhood experienced a data breach affecting the personal information of millions. [These are the types of customer data]( that were exposed, according to the company. Evergrande scraped some money together. The Chinese real estate developer may be able to make some of its bond payments this week after it [sold a portion of its stake]( in a film production and media company. Joe Biden gets another Federal Reserve seat. In addition to choosing a new chair when Jerome Powell’s term is up in February, the US president will [replace resigning Fed governor Randal Quarles](. There’s a desperate situation unfolding at an EU border. [Thousands of migrants]( are trying to enter Poland from sanction-hit Belarus, which is accused of orchestrating the surge and provoking violence. Sponsor content by JobsOhio Bring your business to Ohio and join the 7th largest economy in the nation. By Q2 of 2021, Venture Capitalists made $1.2B in investments in the Buckeye State, and over 126,000 new businesses were created in the first seven months of 2021 alone. [Ohio is better for business.]( What to watch for Hertz, the US rental car giant that has [whipsawed between bankruptcy and a resurgent $16 billion valuation](, plans to [list on the Nasdaq this week](. But all eyes have been on the splashy deal Hertz struck to [buy 100,000 electric cars from Tesla]( and [rent half of them to Uber](. With conflicting reports, we’ve summed up two truths and a lie: Truth: Hertz [ordered 100,000 cars from Tesla](, sending the stock prices of both companies soaring. Truth: Tesla has begun delivering cars to Hertz. Hertz revealed it had [already started receiving deliveries from Tesla]( on Nov. 2. Lie: Tesla signed a contract with Hertz to deliver all those cars by the end of 2022. Hertz’s original announcement [included the end-of-2022 timeline](, but the Wall Street Journal reports that the two sides are still hammering out terms and [Hertz isn’t getting any special treatment](. Thank the teens Businesses are still reeling from [labor shortages](. But industries as varied as restaurants and trucking have started [filling the gap with an unlikely labor force](: teens. [A line graph showing how the youth unemployment rate changed from January 2019 to July 2021. The unemployment rate was less than 15% in January 2019, grew to more than 30% in April 2020, and fell down below 10% by July 2021.] In the US, 16- to 19-year-olds are employed at the highest rates for decades, according to data from the Bureau of Labor Statistics. As of July 1, the youth unemployment rate was 9.6%, down from a pandemic peak of 32%. But there’s concern that working too many hours can have [negative effects]( on adolescents’ academic performance, participation in extracurricular activities, and getting enough sleep. And [some fear that]( since white teens are [employed at higher rates]( than their nonwhite peers, not all teens will reap the benefits of work experience. Step aside, QVC Livestream shopping is big business—at least in China, where what was only a $3 billion industry in 2017 has quickly ballooned, and is expected to take in [$423 billion]( by 2022 across products. [Livestream shopping product categories in China] Part of the reason livestream shopping has taken off in China is because social media, e-commerce marketplaces, and payment options are often integrated in one app. Were there a Facebook-Amazon-PayPal integration, Americans might be doing the same. The future of the shopping experience was the topic of our latest [Forecast email](, which gives Quartz members insight into emerging trends in retail and beyond. ✦ Try a [free seven days]( to get a full week of our member-only content. Handpicked Quartz 🔌 [Cadillac is dropping hundreds of dealers who aren’t ready for electric cars]( 🏗 [What the $1.2 trillion US infrastructure bill is doing for construction stocks]( 🛍 [The metaverse can’t go mainstream without brick-and-mortar stores]( ⛏ [How economic sanctions drove money transfers in west Africa underground]( 💵 [Demonetization didn’t go as planned in India]( 🏠[A surge in the US affordable housing supply is coming]( Sponsor content by JobsOhio Bring your business to Ohio and join the 7th largest economy in the nation. By Q2 of 2021, Venture Capitalists made $1.2B in investments in the Buckeye State, and over 126,000 new businesses were created in the first seven months of 2021 alone. [Ohio is better for business.]( Surprising discoveries Eight camels and one llama had a night out in Madrid. The circus they escaped from [blamed animal-rights activists](. A pair of bionic gloves helped an injured pianist get back to it. Their [innovative design]( was inspired by Formula 1 cars’ rear suspension mechanism. Head-tilting is the sign of a gifted dog. Also, each dog has [a tilt-side preference](. A South Carolina recycling bin washed up in Ireland. [Myrtle Beach authorities]( said surely a major weather event sent it on its transatlantic journey. Nintendo promised a new console before 2100. At least the [Japanese video game icon]( wasn’t willing to [overpromise and underdeliver](. SPREAD THE WORD Over 500k readers and counting. You already know why half a million people read the Daily Brief, so why not spread the word? [Share the Daily Brief today]( and get rewarded. Our best wishes for a productive day. Send any news, comments, long-lost sea treasures, and your best dog tricks to hi@qz.com. Get the most out of Quartz by [downloading our iOS app]( and [becoming a member](. Today’s Daily Brief was brought to you by Hasit Shah, Nicolás Rivero, Alexandra Ossola, Scott Nover, Susan Howson, and Morgan Haefner. 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