Hi and welcome to Insider Advertising for February 22. I'm senior advertising reporter Lauren Johnson, and here's what's going on:Prudential looks for a new ad agency.The Independent eyes acquisitions.Facebook negotiates with Australia.If this email was forwarded to you, sign up here for your daily insider's guide to advertising and media.Tips, comments, suggestions? Drop me a line at [email protected] or on Twitter at @LaurenJohnson.
Charles Lowrey, CEO and chairman of Prudential.
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Prudential looks for a new ad agency
-
Buy stocks and sell bonds as a new secular bull market delivers double-digit returns, Ned Davis Research says
Xinhua/Wang Ying/ Getty ImagesStocks are in a secular bull market that should deliver double digit returns going forward, Ned Davis Research said in a note on Thursday.To take advantage of the environment, investors should sell bonds and buy stocks, NDR advised."We've seen a reset of the secular bull market that started in 2009," NDR said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Investors should reduce their allocation to bonds and use those proceeds to buy stocks -
Trump and Pence 'departed amicably' and 'they've spoken since' leaving office, former Pence chief of staff says
Then-Vice President Mike Pence and then-President Donald Trump in the Rose Garden on March 29, 2020.
Tasos Katopodis/Getty Images
Marc Short said that Trump and Pence "departed amicably" from the White House last month.
While Trump is slated to speak at CPAC this week, Pence reportedly declined to attend.
"The President told the Vice President he did a great job for him," Short said.
Visit the Business section of Insider for more stories.
Marc Short, who served as chief of staff to former Vice -
United just sent JetBlue a shot across the bow with a new route to London on its ultra-premium jet
A United Airlines Boeing 767-300ER.
Lukas Wunderlich/Shutterstock.com
United Airlines is adding a new route between Boston and London later this year.
The start date is still unknown as travel between the countries is restricted due to the pandemic.
JetBlue Airways, which just expanded a partnership with American Airlines, will also fly to London this year from Boston.
Visit the Business section of Insider for more stories.
United Airlines is growing its transatlantic presence later this -
Arkansas Gov. Asa Hutchinson said letting Trump 'define' the future of the Republican party will 'just further divide our country'
Arkansas Gov. Asa Hutchinson speaks at a news conference at the Arkansas state Capitol in Little Rock, Ark., Tuesday, Aug. 4, 2015.
AP Photo/Danny Johnston
Arkansas Gov. Asa Hutchinson said the GOP "can't" let former president Donald Trump define the future of the GOP.
"He will define our party if we let him define our party," Hutchinson said in an interview with CNN.
Trump is slated to speak at CPAC about the future of the party in Florida.
Visit the Business section of Insider for -
American and JetBlue just unveiled a new partnership with 33 new routes combined- here's what it means for travelers
American Airlines and JetBlue Airways aircraft.
NYC Russ/Shutterstock.com
American Airlines and JetBlue Airways are moving forward with a partnership in the Northeast US.
The two will better coordinate in the region and add a total of 33 domestic and international routes.
Elite status holders will also be able to earn and redeem miles on each airline.
Visit the Business section of Insider for more stories.
American Airlines and JetBlue Airways are joining forces in the Northeast as -
An Oath Keepers leader arrested for participating in the Capitol riot said she met with Secret Service and was providing 'security' to legislators and other key figures
Jessica Marie Watkins (2nd from L) and Donovan Ray Crowl (Center), both from Ohio, march down the east front steps of the U.S. Capitol with the Oath Keepers militia group among supporters of U.S. President Donald Trump in Washington, U.S., January 6, 2021. Both have since been indicted by federal authorities for their roles in the siege on the U.S. Capitol. Picture taken January 6, 2021.
REUTERS/Jim Bourg/File Photo
Jessica Watkins of the far-right militia Oath Keepers said she was protecting l -
Trump's DC hotel restaurant had a seven-step process for serving him a Diet Coke: report
Donald Trump drinks a Diet Coke at the Al Smith Memorial Foundation Dinner in New York in 2016.
BRENDAN SMIALOWSKI/AFP via Getty Images
When dining at the BLT steakhouse in Washington DC, Trump was served with precision.
Waiters had to follow a seven-step process for serving Diet Cokes, according to Washingtonian.
Trump reportedly ate the same meal every time he visited the restaurant.
Visit the Business section of Insider for more stories.
When former President Donald Trump ventured outside of -
Kroger says some HR data and pharmacy records were possibly compromised in data breach
SOPA Images / Contributor
The data breach was caused by a vulnerability in the Accellion file-sharing system that Kroger used.
Kroger discontinued using Accellion and reported the incident to federal law enforcement.
Certain HR data, money service records, and pharmacy records were affected.
Visit the Business section of Insider for more stories.
Kroger was among the companies affected by a data breach caused by a weakness in a product offered by Accellion, a third-party company that the retaile -
The rise and fall of Pan Am
Pan Am was once the largest international airline in the United States.
In 1970 alone, it carried 11 million passengers to 86 countries worldwide.Pam Am still holds cult status for its iconic aviation style. Visit the Business section of Insider for more stories.
Following is a transcript of the video.Irene Kim: Pan Am was once the largest international airline in the US. In 1970 alone, it carried 11 million passengers to 86 countries worldwide. Pan Am is also known as the pioneer of multi -
How to find water when you're stuck in the desert
The human body can survive for about three days without water, which can be extremely hard to find in hot desert climates.If you're ever lost in a desert, knowing how to quickly find water is key to your survival. Water flows down, so check low terrain. Canyons and mountain bases could be home to a water source.Fruits, vegetables, cacti, and roots all contain water and mashing them with a rock will release some liquid.Visit Business Insider's homepage for more stories. Following is a t -
An Arkansas man stormed the Capitol waving the US flag and used its pole to beat a police officer, said a federal grand jury. He faces up to 40 years in prison.
Peter Francis Stager, 41, is filmed in front of the Capitol building in Washington DC, on January 6, 2021.
Eric Feigl Ding/Twitter
Peter Stager was among a group of Trump supporters who were dragging an officer down the Capitol stairs.
A federal jury indicted Peter Stager of Conway, Arkansas on a total of seven charges.
Stager is accused of using a dangerous or deadly weapon to "forcibly assault, resist, impose, impede, intimidate and interfere with an officer."
Visit the Business section of In -
The black-footed ferret was believed extinct until 18 were discovered on a Wyoming ranch. Now scientists have cloned one using 33-year-old DNA.
Elizabeth Ann, the first ever cloned US endangered species at 50 days old.
USFWS National Black-footed Ferret Conservation Center
Elizabeth Ann was born using the frozen cells of a black-footed ferret called Willa that died in 1988.
She will be raised in the National Black-footed Ferret Conservation Center in Colorado.
The species was considered extinct until seven were found in 1981.
Visit the Business section of Insider for more stories.
Scientists successfully cloned a black-footed ferret us -
'Slavery ended over 130 years ago': Former NFL player Herschel Walker says Black Americans shouldn't get reparations
Former NFL player Herschel Walker.
AP Photo/Butch Dill
Herschel Walker said during a US House hearing that Black Americans should not receive reparations.
"Reparations teach separation," Walker argued. "Slavery ended over 130 years ago."
The Democratic-led House is poised to create a commission to study reparation proposals.
Visit the Business section of Insider for more stories.
Former NFL player Herschel Walker last Wednesday said that Black Americans should not receive reparations for slaver -
Thousands of COVID-19 long-haulers have been crippled by months of physical pain and mental anguish, but recovery clinics are springing up, offering hope
Amy Watson.
Amy Watson
Many COVID-19 long-haulers are still experiencing debilitating symptoms.
But new recovery clinics that are now opening up across the country are offering them hope.
Insider spoke to long-haulers and doctors running the programs to see how successful they've been.
Visit the Business section of Insider for more stories.
Amy Watson has had a chronic fever for 344 days. Almost a year after she was diagnosed with COVID-19, the schoolteacher from Portland, Oregon, is still -
Apple is reportedly talking to lidar suppliers for its self-driving vehicle project
Apple CEO Tim Cook at Apple's headquarters.
Apple/Business Insider screen capture
Apple was talking with lidar suppliers about its electric vehicle project, Bloomberg reported.
Used on self-driving prototypes, lidar sensors determine a car's distance from objects and people.
Visit the Business section of Insider for more stories.
Apple has reportedly begun talking to suppliers of lidar self-driving car sensors, as part of its effort to build an electric vehicle, according to Bloombe -
Gen Z is already shaking up the venture-capital industry. Meet 29 up-and-coming investors.
Hello everyone! Welcome to this weekly roundup of stories from Insider from Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for more on Gen Z VCs, Citigroup's $900 million blunder, Walmart slowing its healthcare ambitions, and what happened next at yoga brand GaiaRead time: 5 1/2 minutes.
Nik Sharma, Sujude Dalieh, Josh Richards, and Rahul Rana
Courtesy of Nik Sharma, Sujude Dalieh, Josh Richards, Rahul RanaHello!Former Presi -
NASA says its Ingenuity Mars helicopter sent a positive status update. As it prepares for the flight, the agency is thinking about future crewed flights to the Red Planet.
This artist's concept shows the Ingenuity helicopter on the Martian surface.
NASA/JPL-Caltech
NASA said it received a positive first status update from its Ingenuity Mars Helicopter.
Simi liar flying robots "might be part of future robotic and human missions to Mars," NASA said.
When Ingenuity takes off, it'll be an event like the Wright brothers flying on Earth, NASA said.
Visit the Business section of Insider for more stories.
Scientists at NASA's Jet Propulsion Laboratory said they'd h -
Why some Texas residents are ending up with $5,000 electric bills after the winter storms
A vehicles drives on snow and sleet covered roads February 15, 2021, in Spring, Texas.
David J. Phillip/AP
Some Texans were billed $1,000 per day for electricity during last week's frigid weather, The Dallas Morning News reported.
The wholesale price of electricity surged 10,000% as demand increased and supply fell offline.
Some state residents have their home and office bills tied to wholesale electricity prices.
Visit the Business section of Insider for more stories.
Texas residents who -
It's not just Ted Cruz, Americans have been escaping to Mexico since the beginning of pandemic - here's why
Cancun, Mexico is one of the few international tourist destinations still open to Americans.
Edgard Garrido/Reuters
Senator Ted Cruz of Texas was embroiled in a scandal last week after fleeing the cold for Cancun, Mexico.
Americans have been flying to Mexico during the pandemic thanks to cheap flights and lax entry requirements.
A negative COVID-19 test is not required to enter Mexico but the CDC requires one to enter the US.
Visit the Business section of Insider for more stories.
Ted Cru -
Texas army veteran faces $16,000 bill due to rocketing energy prices as billionaire gas producer and Dallas Cowboys owner stands to profit from it
Pike Electric service trucks line up after a snow storm on February 16, 2021 in Fort Worth, Texas.
Ron Jenkins/Getty Images
Some Texans are facing a steep increase in energy bills in the wake of the winter storm.
One man told The New York Times he'd received a $16,000 electricity bill.
The president of shale drilling company was heard referring to the price hikes as "hitting the jackpot."
Visit the Business section of Insider for more stories.
Texans who were able to use electricity -
Elon Musk set up a COVID-19 antibody study at SpaceX and got 4,300 employees to take part, according to reports
SpaceX CEO Elon Musk.
Yichuan Cao/Getty Images
Elon Musk's company SpaceX has been regularly testing a group of employees for COVID-19 antibodies.
4,300 employees signed up for a study looking at possible links between antibodies and immunity.
"People can have antibodies, but it doesn't mean they are going to be immune," said one of the study's authors.
Visit the Business section of Insider for more stories.
Elon Musk's space exploration company SpaceX has been using its employees to run a COVI -
Inside the rise of Cathie Wood, the rockstar stock-picker whose ETFs are dominating 2021
Ark Invest's Cathie Wood
David McNew/AFP via Getty; ARK Invest; Patricia De Melo Moreira/AFP via Getty; Bitcoin; Samantha Lee/Insider
Cathie Wood has reached a cult-like status with day traders and professional investors alike.
In 2020, ARK's ETFs grew at the fastest proportional rate of any ETF or mutual-fund manager.
Insider spoke with investors, analysts, and fans about whether ARK's rise is sustainable.
Visit the Business section of Insider for more stories.
So far, this year has belon -
6 reasons the Battle of Iwo Jima is so important to US Marines
Marines on the beach at Iwo Jima.
U.S. Marine Corps Photo
The Pacific War was one of the most brutal in history, nowhere more so than on Iwo Jima in February 1945.
But the battle had significance for the Marine Corps for more than just its brutality.
Visit the Business section of Insider for more stories.
No historical account of World War II would be complete without covering the Battle of Iwo Jima.At first glance, it seems similar to many other battles that happened late in the Pacific War: A -
Despite trillions in coronavirus aid, many US families are still struggling to pay for basic necessities like food and rent
Research show that the first round of pandemic aid barely helped many families in need.
Owen Humphreys/PA Images via Getty Images)
Americans are still financially struggling during the pandemic despite aid from the government.
A new study suggests further government aid is needed on a larger scale to help tens of millions of families.
Low-income Black and Latino households may need more than others.
Visit the Business section of Insider for more stories.
As Congress prepares another injection o -
I help Hermès collectors buy and sell used Birkin bags. They're almost impossible to get in stores, but I've sold nearly $2 million worth through eBay and online.
"It's a handbag, a piece of art, and an investment all rolled into one," says Caroline Bui, aka The Birkin Fairy.
Caroline Bui
Caroline Bui is the founder and owner of 'The Birkin Fairy,' a luxury consignment shop for Hermès products.
After working at Hermès for 12 years, she launched the online shop and has since sold nearly $2 million of used Hermès items.
This is her story, as told to freelance writer Jenny Powers.
Visit the Business section of Insider for more sto -
This is how we got married with 100 guests in Singapore while painstaking COVID-19 restrictions are in place
Gina Loh, 33, and Shoshi Kudo, 34, walk down the aisle.
Bottle Groove Photo
Gina Loh and Shoshi Kudo got married in Singapore where COVID restrictions permit up to 100 guests.
But strict rules meant no live music, no noisy toasts, and 'zoning' to keep guests apart.
Guests toasted the couple in silence as rules forbade raucous cheers traditionally given.
Visit the Business section of Insider for more stories.
Shoshi Kudo and Gina Loh had visions of a big white wedding with 180 guests, including -
Virtual reality is offering timely narratives on race, diversity and culture by centering the perspectives of people of color
An image from Blood Speaks: Maya - The Birth of a Superhero.
Just Another Production Company
Developers are using virtual reality to recreate both historic and everyday events, and allow users to hear and experience different perspectives.
Some experiences are designed to encourage people to look at their own behavior, while others tell lesser-heard stories.
One takes users back to the civil rights movement of the 1960s, while another documents the discrimination experienced by a Black ma -
COVID relief checks are only controversial in Congress. Americans overwhelmingly support bigger stimulus checks.
Protesters rally demanding economic relief during the coronavirus pandemic in New York City on August 5, 2020.
Angela Weiss/AFP via Getty Images
Voters are clear: Americans need $1,400 now. The only place this is controversial is Washington.
72% of voters in four key states with moderate senators support the payments, a new poll shows.
Putting money into peoples' pockets is wildly popular. Politicians who oppose increased relief could pay a political price.
Carrie Joy Grimes is chie -
Trump offered Kim Jong Un a ride home on Air Force One after their second summit, new series reveals
President Trump and North Korean leader Kim Jong Un meet at the Korean Demilitarized Zone in Panmunjom, South Korea, on June 30, 2019.
Reuters
Trump offered Kim Jong Un a ride home on Air Force One, a new BBC series has revealed.
The two had met for their second negotiations in Vietnam in 2019, which eventually broke down.
Trump said he could get Kim home in two hours, but the former declined the invitation.
Visit the Business section of Insider for more stories.
Former President Donald Trump o -
Pointless infighting among progressives is becoming exhausting and harmful
Bernie Sanders is making money for charity thanks to his virtual inauguration meme.
Brendan Smialowski/Getty Images
A disagreement over Medicare For All has pit influential progressives against Rep. Alexandria Ocasio-Cortez.
It's the latest example of progressives engaging in dumb, line-drawing battles against each other.
Debate is healthy, but shunning people who want the same things is counter-productive.
This is an opinion column. The thoughts expressed are those of the author.
Visit the Bus -
Haunted by unfounded fears for their fertility, British Indians are more likely to resist getting COVID-19 vaccine
Patients waiting at the COVID-19 vaccination centre at the Indian Muslim Welfare Society (IMWS) Al-Hikmah-Centre in Batley, UK on February 1, 2021.
Jon Super/AP Photos
A 1928 Institute report found 56% of British Indians weren't willing to take the vaccine or were unsure.
"There is absolutely no evidence that COVID-19 vaccines can affect the fertility of women or men," the BMJ reported.
More than 1.4m British Indians are the largest minority group in the UK, according to the 2011 -
5 lessons business leaders can learn from Jeff Bezos' handoff to incoming Amazon CEO Andy Jassy
Andy Jassy is set to succeed Jeff Bezos as Amazon CEO later this year.
Mike Blake/Reuters; Mark Ralston/AFP/Getty Images
Peter Cohan is an author, strategy consultant, and startup investor.
He says company leaders can learn a lot from Jeff Bezos' succession planning with incoming CEO Andy Jassy.
To find the best successor, plan ahead, set clear criteria, and time the announcement carefully.
Visit the Business section of Insider for more stories.
Earlier this month, Amazon CEO Jeff Bezos&nb -
The top 9 shows on Netflix this week, from 'The Crew' to 'The Vanishing at the Cecil Hotel'
"Crime Scene: The Vanishing at the Cecil Hotel"
Netflix
The true-crime series "Crime Scene: The Vanishing at the Cecil Hotel" was the most popular Netflix series this week.
Streaming search engine Reelgood keeps track of Netflix's daily top 10 lists.
It provides Insider with a rundown of the week's most popular TV shows on Netflix.
Visit the business section of Insider for more stories.
The new Netflix true-crime docuseries "Crime Scene: The Vanishing at Cecil Hotel" surged its -
A 24-year-old who got laid off from Disney turned his art side hustle into a 6-figure income and is doing business almost entirely on Instagram
Isaac Pelayo
Pietro Arredondo
Isaac Pelayo, 24, is a Los Angeles-based artist who made over six-figures last year.
After being laid off from Disney, he had to turn his artistic passion into a full career.
To Insider, he breaks down how he did it.
Visit the Business section of Insider for more stories.
When Isaac Pelayo was just two years old, his father gave him a Sharpie and some paper and told him to go draw. By age 11, Pelayo won first place in his school's art competition; -
Wall Street is beginning to say stimulus probably won't spark dangerous inflation
Samuel Corum/Getty Images
Republicans argue Biden's stimulus plan will fuel runaway inflation. Wall Street isn't so concerned.
Economists at major banks see new aid only modestly lifting inflation while aiding the US recovery.
Here's how UBS, BofA, Goldman Sachs, and Deutsche Bank see stimulus affecting inflation in 2021 and beyond.
Visit the Business section of Insider for more stories.
The debate around passing President Joe Biden's $1.9 trillion aid proposal is a simple one.Democrats argue th -
This California company makes smart, off-the-grid, and 'healthy' prefab homes for up to $670,000 - see inside and how they work
A home from Dvele.
Dvele
Dvele builds smart self-sustaining prefab homes that use AI to create a healthy home environment.
The "software-defined" homes use DveleIQ and 300 sensors to monitor itself and its occupants.
Dvele's lineup includes both homes over 3,000 square-feet and tiny homes for $150,000 to $670,000.
Visit the Business section of Insider for more stories.
California-based Dvele is creating smart prefab homes with integrated artificial intelligence programs to make the homes health -
A simple regulation would save American car buyers $5 billion and help boost the US economy
New Chevys for sale fill the lot at Raymond Chevrolet in Antioch, Illinois, July 17, 2014.
John Gress/Corbis/Getty Images
One of the most significant purchases for any household is their car.
While car prices are transparent and easily negotiable, financing deals are not. Dealers typically mark up financing offers to earn additional revenue.
Lawmakers need to ban mark ups on auto financing and save consumers hundreds of dollars.
Jonathan Gruber, Ph.D, is a professor of Economics at -
Why Democrats want to gradually raise the minimum wage to $15 by 2025
Sen. Bernie Sanders (I-VT) speaks during an event to introduce the Raise The Wage Act in the Rayburn Room at the Capitol January 16, 2019. in Washington, DC.
Photo by Chip Somodevilla/Getty Images
Democrats are proposing raising the federal minimum wage from $7.25 to $15 by 2025.
The gradual increase would help businesses and lower-wage areas adjust to a higher minimum.
In some states, $15 is more than double the current rate — just 29 states have rates above the federal minimum.
Visit th -
Read urbanism expert Richard Florida's response on how big cities will thrive during the new era of remote work
Are big cities dead? Urban studies theorist Richard Florida doesn't think so.
Alexander Spatari/Getty Images
Urban studies theorist Richard Florida spoke to Insider about remote work and its impact on big cities and the economy.
He said things will likely look as they did pre-pandemic, with a few key changes.
This is his response, edited for length and clarity, as told to correspondent Hillary Hoffower.
Visit the Business section of Insider for more stories.
Remote work is probably the biggest -
Americans are becoming increasingly bullish on cryptocurrency as bitcoin soars to new records
Bitcoin miners are seeing gold despite the cryptocurrency's recent fall.
NurPhoto/Getty Images A new study of 30,000 Americans reveals 50% view cryptocurrencies as safe investments.The survey also revealed 57% of investors think companies should accept crypto as payment.Though crypto enthusiasts have mixed opinions on whether bitcoin will ultimately serve as a medium of exchange or simply a store of value. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin's r -
This company created a $25,000 RV travel trailer designed to be towed by an EV like a Tesla
The P17A travel trailer.
Polydrops
Polydrops unveiled the P17A, a travel trailer that can be towed by electric vehicles like Teslas.
The P17A has been an enormous hit since before it was publicly unveiled.
The trailer ranges from $24,990 to $36,140 depending on the add-ons, which includes a kitchen module.
Visit the Business section of Insider for more stories.
Travel trailer maker Polydrops - which designs its tiny homes on wheels to look like spaceships - has taken a new approach to road trav -
See inside Larry Ellison's Hawaiian island wellness retreat, a $1,200-per-night luxury spa where guests track their health data and learn how to live longer lives
Sensei Retreats in Lanai, Hawaii.
Robb Aaron Gordon
Oracle billionaire Larry Ellison owns an ultra-luxury wellness retreat in Lanai, Hawaii.
Called Sensei Retreat, the spa uses data to track and improve guests' nutrition, sleep, and fitness.
The spa partnered with fitness-tracking firm Whoop to offer a new $1,185-per-night wellness program.
Visit the Business section of Insider for more stories.
On the island of Lanai, Hawaii, nine miles off the coast of Maui, sits an ultra-luxe retreat, the br -
Will the Biden spending package result in runaway inflation? No!
President Joe Biden speaks after signing an executive order related to American manufacturing in the South Court Auditorium of the White House complex on January 25, 2021 in Washington, DC.
Drew Angerer/Getty Images
Economists like Larry Summers are worried the Biden fiscal stimulus plans will result in runaway inflation.
Both the COVID relief package and the infrastructure stimulus will not result in high inflation.
There's no reason to fear overheating of the economy.
Dan Alpert is an adjunct -
I flew on the 2 largest US airlines in 2021 and couldn't believe how much better Delta was handling the pandemic over American
Flying on American Airlines and Delta Air Lines during the pandemic.
Thomas Pallini/Insider
American Airlines and Delta Air Lines have taken two very different approaches to the pandemic.
Delta has been blocking middle seats since April 2020 while American never embraced the policy.
I took three flights on both airlines in 2021 to see how the two were handling social distancing in the skies.
Visit the Business section of Insider for more stories.
American Airlines and Delta Air Lines were the t
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