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Looking for you daily scoops? Find us on the Scoops app! It’s a way better experience, with more scoops, stuff to learn, companies to explore, and better voting. We’re not on the App Store yet, so it’s invite-only. But signing up is easy:

Security Negligence Morgan Stanley's wealth management division, which accounts for nearly half its revenue, is under investigation for poor client vetting, leading to illegal activities like money laundering. buff.ly/3CJpDRU

Electric Boost Rivian secured a crucial $6.6B US government loan to build a factory in Georgia and boost its electric vehicle output amid financial and production challenges at its factory. The EV startup expects the factory to start operations in 2028. buff.ly/3ZmNCPC

Today's Scoop = Drowsy The market drifted lower on Wednesday as investors signed off for the Thanksgiving holiday. Markets will be closed on Thursday and end early on Friday. Economic data this week pointed to steady shopping and low layoffs. S&P 500: 5,998.74 ⬇️-0.4% 11/27/24

Stream Manipulation Spotify is facing legal action from artist Drake, who claims the streaming service artificially boosted rival Kendrick Lamar's song. The streaming platform denies allegations that it used bots and pay-to-play tactics. buff.ly/498kiQ4

Dim Prospects Best Buy expects lower sales this year as shoppers pull back from electronics purchases. New products like AI-enabled laptops and iPhones weren't enough to boost sales. The retailer reported sales declines in appliances and home theater. buff.ly/4i50IIx

Today's Scoop = Calm The market rose to a new record high on Tuesday as investors worked past initial worries about future President Trump's proposed tariff policies announced the night before, possibly assuming it to be a negotiating tactic. S&P 500: 6,021.63 ⬆️+0.6% 11/26/24

Not Just Video Zoom continues to deliver steady sales and profit growth as it leans more heavily into AI-powered work collaboration software from the video conferencing foundation it became famous for. The tech company removed Video from its name. buff.ly/4i2853t

Wealth Overhaul Citigroup's new wealth management head is revamping the division to compete with rivals and attract ultra-rich clients. The bank is offering retention bonuses to prevent staff departures during the transformation. buff.ly/4fIcxCY

Today's Scoop = Stable The market continued climbing on Monday as investors responded positively to President Trump's newest cabinet appointments, particularly his pick for the Secretary of Treasury. He is an experienced hedge fund manager. S&P 500: 5,987.37 ⬆️ +0.3% 11/25/24