Mar. 10, 2021: Marcia Fudge Confirmed by Senate, Roblox Stock Jumps After Listing and More
Welcome to Word on the Street where we discuss the top five most interesting links of the day. Here is what’s hot for Wednesday, March 10, 2021:
Marcia Fudge Confirmed as Housing and Urban Development Secretary: Marcia Fudge has been confirmed by the United States Senate with a 66-34 vote to become the housing and urban development secretary in President Biden’s cabinet. Fudge will be the second Black woman to lead the department, and the first since the Carter administration.
Roblox Jumps to $38 Billion Market Cap After Public Listing: Roblox, the video game platform popular among children, has debuted on the stock market with the symbol RBLX. In its first day of trading, its market cap has jumped to $38 billion.
Senate Confirms Merrick Garland as Attorney General: Merrick Garland, previously a Supreme Court nominee under former President Obama, has been confirmed by the United States Senate for attorney general. He will lead the Justice Department as the prosecution of those involved in the January 6th insurrection ramps up.
COVID-19 Stimulus Signed Into Law: The $1.9 trillion American Rescue Plan has been passed in both chambers of Congress and signed into law by President Biden, solely with Democratic support. The bill contains direct stimulus to many Americans as well as relief to state and local governments who have suffered revenue loss due to the pandemic.
Unilever to Stop Using “Normal” on Beauty Products: In an effort to be more inclusive, Unilever will stop using the descriptor “Normal” on any of its beauty products and will cease digitally altering its models’ shape, size, or skin color.