A little pick me up

[The beef 675] [I'm an image] “Welp, guess Blade it is.” - Jeff Hey there carnivores, Markets were up despite lackluster weekly unemployment numbers. Today we’re talking Uber and Lyft’s big W. Keep raging, Jeff & Jason [Image] [I'm an image] A little pick me up Uber and Lyft get to delay the inevitable as a California appeals court extended the length of time the ride-sharing companies have before they have to classify their drivers... as... actual employees. The nerve. The original injunction [was supposed to begin]( this morning at 12 AM PST but has been pushed back to 5 PM PST on August 25th. Both companies will have to file written statements agreeing to expedite procedures (to treat their drivers like actual people). If they don’t comply, they can’t operate. Uber’s stock jumped almost 7% on the day, and Lyft’s rose 6%. You shall not pass The injunction comes after both companies threatened to suspend service in the Golden State. Lyft even went as far as planning to suspend service at 12am this morning but [pulled back when the extension was provided.]( California AG Xavier Becerra put forth the injunction as part of Assembly Bill 5 (AB5) which would guarantee gig workers benefits like healthcare, minimum hourly wages, and workers’ compensation. Oh, and did I mention the state would have the opportunity to collect payroll taxes and unemployment insurance from the companies. But nobody will be getting anything if they pack up their sh*t up and leave. As of October 1, Lyft had roughly 305k drivers who had completed a trip in Cali in the last year, and Uber had 209k according to a recent blog post. Uber looking like a simp in its home state. Not all rides are created equal As far as the two competitors go, Uber is in a much better position. Why? Diversification. The injunction only aimed its crosshairs at ride-hailing drivers, so have no fear the UberEats driver bringing your In-N-Out (animal style) at 3 AM is still barely putting food on the table. But that won’t last long, delivery is the next phase to be scrutinized under AB5. Dara K. [also made a change to Uber’s software]( only in California that he is hoping will show the state that drivers can work when they want (and thus, not get benefits). Specifically, drivers would have more access to see upcoming rides and therefore be selective on where/when they want to drive. The bottom line... Despite the injunction, both Uber and Lyft’s stock prices were up on Thursday. Why’s that? Because they always win. Remember Austin? Yeah, like Texas. McConaughey country. The city required Uber and Lyft drivers to complete background checks in order to begin picking up passengers, and both platforms boycotted the city. Then guess what happened? Eventually, Austin backed off and both ride-hailers came back to the market. Moral of the story: what Dara wants, Dara gets. [Image] There Are 252 Trading Days In A Year Jason Bond Wants To Give You His Best Trade Idea For Each Of Them [Alternate text]( Learn How To Attack The Market Every Trading Day With The Rooster Report [Join Now]( [I'm an image] ☑️Let’s settle this. Bayer [will pay $1.6B]( to settle 39k claims that its birth control device causes health complications. Essure, which is a fallopian tube implant that prevents pregnancies, has caused numerous reactions, such as allergies, chronic pelvic pain, and death. Really stepped it up a notch on that last side effect. Of course, Bayer did not have to admit any liability or wrongdoing as part of the settlement. And it should be noted that Essure was taken off the shelf in 2018. ☑️Unphased. *New level unlocked* Johnson & Johnson’s COVID-19 vaccine [will move on]( to phase three of testing in September. 60k people will be enrolled to test whether the potential vaccine can protect against not-quite-as-novel-anymore coronavirus. Always the one upper (think: more asbestos, more cancer), J&J’s trial size is twice that of other company’s. Moderna, Pfizer, and AstraZeneca. Moderna and Pfizer are testing 30k individuals, meanwhile, AstraZeneca's figure is somewhere in the tens of thousands. And Russia’s vaccine? [76 people](. As in less than 100. ☑️Back again. Zuck was [back on the hot seat this week](, testifying in front of the FTC as the organization investigates antitrust claims against the social media company. It's unclear if he was able to drink water this time around. Mark is hoping to keep the wolves at bay after Facebook and other tech companies came under fire from the House Antitrust subcommittee. It's unclear exactly what the testimony included but probably was a continuation of Zuck's $1B purchase and his general continued plans for world domination. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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