Romain Grosjean hails halo as the 'greatest thing' in F1 after horrific crash at Bahrain GP
- The incident occurred on the first lap of Sunday's race as Grosjean plowed into the barriers following contact with Daniil Kvyat on the third corner.
- A titanium protection device that is mandatory on all F1 cars, the halo was introduced to the sport in 2018 and split opinion across the paddock at the time.
- Grosjean is expected to be discharged from hospital on Tuesday, according to Haas.
- Bahrain is hosting F1's third double-header of the 2020 season.
- Meanwhile Renault driver Daniel Ricciardo voiced strong criticism of the way Grosjean's crash was broadcast as drivers waited to return to the track.
- On Monday, Steiner spoke of his relief and surprise when he saw Grosjean emerge from the crash.
- Like his driver, Steiner also said he initially had his doubts about the halo device when it was first introduced.
Five Biggest Stocks Are 23% of S&P; 500 Market Cap
- Enjoy The Sounding Line?
- Click here to subscribe.
- In a reminder of just how concentrated the S&P 500 has become, the following chart, via ISABELNET and from Goldman, shows the top five largest stocks as a percent of S&P 500 market cap.
- Even with the historic value rotation in recent days, the ‘Masters of the Universe’ totally dominate the capitalization of US markets and that’s not even counting giants like Facebook.
- Would you like to be notified when we publish a new article on The Sounding Line?
- Click here to subscribe for free.
Protests take place across France against proposed security law
- Arie Alimi, a lawyer representing a collective opposed to the law, called on Twitter for a march between Place de la Republique and Place de la Bastille, two central squares known for protests.
- They also call for the suppression of the so-called "New National Policing Scheme," announced in September by Minister of Interior Gerald Darmanin, which forces journalists to disperse during demonstrations when ordered to do so by the police, thus preventing them from covering the aftermath of protests, often stormy in recent years.
- At a news conference on Wednesday, Darmanin, the French interior minister, was asked about the police response to the protests, and video of one journalist who claimed police threatened him with arrest despite his showing his press card.
- The video has been watched over 13 million times on Twitter, with many public figures, including international soccer players Antoine Griezmann and Kylian Mbappe, calling out the police violence.
Slack shares soar following report of possible Salesforce acquisition
- Shares of Slack rose as much as 32% Wednesday following a Wall Street Journal report that Salesforce held talks to buy the company.
- The deal would likely value Slack at more than its market cap of $17 billion, according to the report.
- However, Slack's market cap ballooned to more than $20 billion following the WSJ report.
- Salesforce has been on an acquisition spree, taking advantage of its market cap growth in recent years to buy growing companies.
- It acquired MuleSoft for $6.5 billion in 2018, the company's biggest deal ever at the time, to help connect cloud applications.
- The following year it spent more than twice that amount on Tableau, acquiring the data visualization company for $15.3 billion.
- Shares of Microsoft, which competes with Slack through its Teams offering, also dipped slightly on the report.
- Microsoft reportedly looked at buying Salesforce but no deal came about.
Thanksgiving could be the 'mother of all superspreader events,' health expert warns
- Americans have been clamoring for Covid-19 tests before they travel, but Assistant Secretary for Health Adm. Brett Giroir said during a press conference Tuesday don't bother, that a test isn't necessarily a good way to gauge whether an individual is fine to travel, unless they test positive, which in that case means stay home.
- A Covid-19 test before traveling is a benefit in the sense that it could alert a person to a positive result, "and that's a good thing," he said, but it's not necessarily an indication of whether someone is infected at that moment.
- So, testing as a litmus for traveling won't work, unless it reveals a positive result and the person stays home as a result, Reiner said.
- Public health officials, including Giroir, have stressed continued mitigation efforts, such as mask usage, social distancing, avoiding crowded places and frequent hand washing as a means of controlling the spread of Covid-19 and eventually bringing down the curve.