This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, October 26th, 2022. 
 
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https://thepostmillennial.com/hundreds-of-employees-leave-twitter-for-jobs-with-meta-google-as-musk-deal-approaches?utm_campaign=64487
 
Hundreds of employees leave Twitter for jobs with Meta, Google as Musk deal approaches
 
Twitter employees are leaving at rates not seen before as a result of Tesla and Space X CEO Elon Musk's takeover, Business Insider reports.
 
Several hundred employees have left the media giant in 2022, with 530 leaving in the last three months. Many have left to competitors such as Meta and Google, the outlet reports
 
This may not be bad news for Musk, however, as the multibillionaire reportedly has intentions of cutting staff by up to 75 percent, according to a report. Musk is set to close the deal on Friday.
 
Musk offered to buy Twitter in April but then sought to end the acquisition a few months later, which resulted in a legal battle between him and the company.
 
Earlier this month, Musk announced he would go through with the original offer. 
 
The Delaware Court of Chancery has given Musk until Oct. 28 to close the deal, otherwise, the matter will go to trial in November.
 
According to Fox News, on Tesla’s earnings call last week, Musk said he was "excited about the Twitter situation."
 
 
 
https://www.reuters.com/markets/us/us-mortgage-interest-rates-jump-716-highest-since-2001-2022-10-26/
 
U.S. mortgage interest rates jump to 7.16%, highest since 2001
 
The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data from the Mortgage Bankers Association (MBA) showed on Wednesday.
 
The average contract rate on a 30-year fixed-rate mortgage rose by 22 basis points to 7.16% for the week ended Oct. 21 while the MBA's Market Composite Index, a measure of mortgage loan application volume, fell 1.7% from a week earlier. Mortgage application activity is at its slowest pace since 1997.
 
Mortgage rates have more than doubled since the beginning of the year, as the Federal Reserve pursues an aggressive path of interest rate hikes to rein in stubbornly high inflation.
 
The central bank is expected to raise rates by 75 basis points for a fourth straight time at the conclusion of its next policy meeting on Nov. 1-2.
 
Those actions, designed to cool the economy sufficiently to curb price pressures, have weighed heavily on the interest-rate-sensitive housing sector as expectations for Fed tightening have led to a surge in Treasury yields.
 
The yield on the 10-year note acts as a benchmark for mortgage rates.
 
https://www.foxnews.com/politics/biden-warns-most-covid-related-deaths-this-year-result-people-not-being-updated-their-vaccines
 
Biden warns most COVID-related deaths this year will be result of people not being updated on their vaccines
 
President Biden on Tuesday warned the American people that nearly every COVID-related death this year will be because people have not received the updated vaccine.
 
Biden also called on Congress to provide the billions of dollars the administration has requested to buy additional vaccines, tests and treatments.
 
The president’s comments come ahead of the holiday season when the weather is colder and more people are spending time