On PR Newswire: GM Plans to be Carbon Neutral by 2040, Wages Grew in Q4, Taboola to go Public via SPAC
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy:
Today (Jan. 28), GM announced that it plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targets to achieve carbon neutrality. The company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action from a global coalition of UN agencies, business, and industry leaders.
U.S. Wages Grew 4.4% in Fourth Quarter 2020 Due to Low Wage Job Loss as COVID-19 Continues to Disrupt Labor Market
Wages for U.S. workers grew 4.4% over the last year, increasing the average wage level by $1.27 to $30.19 an hour, while employment growth demonstrated a continued downward slide by -7.9%, according to the ADP Research Institute Workforce Vitality Report (WVR) released Jan. 27. The average wage growth is higher than expected as a result of significant job losses among low wage earners, which increased the average. However, higher-income groups experienced flat wage growth compared to lower-income groups, as most of the job losses came from low wage jobs.
Taboola to Become NYSE-Listed at an Implied $2.6 Billion Valuation via a Merger with ION Acquisition Corp. 1 Ltd.
Taboola, a global leader in powering recommendations for the open web, helping people discover things they may like, on Jan. 25 announced it has entered into a definitive merger agreement with ION Acquisition Corp. 1 Ltd., a special purpose acquisition company. The combined company will operate under the Taboola name and will trade on the NYSE under the new symbol “TBLA.” The transaction is expected to close in Q2 of 2021.
The car shopping experts at Edmunds say that the auto industry is on track for greater stability and healthier sales this year, forecasting that 15.5 million new cars will be sold in 2021. Edmunds analysts note that this would represent a 6.5% lift compared to last year.
American Masters Releases Hundreds of Never-Before-Seen Interviews from 34-Year Archive, Now Available to Stream with Searchable Transcripts
Today (Jan. 25), THIRTEEN’s award-winning PBS documentary series American Masters released 500 videos from its robust archive, making a collection of interviews from the last four decades of American Masters films available and fully searchable for the first time at pbs.org/americanmasters. The American Masters digital archive includes over 1,000 hours of footage from more than 1,000 original, never-before-seen, full, raw interviews: a treasure trove of the movers and shakers of American culture, including Maya Angelou, Patti Smith, Mel Brooks, Carol Burnett, Matthew Broderick, Carl Reiner, Joan Rivers, Audra McDonald, Lee Grant, Patricia Bosworth, Sidney Lumet, William Buckley, and many others.
Tripadvisor today (Jan. 21) released the findings of a new research report based on the platform’s unique insight into shifting traveler trends, revealing how consumers are planning to travel in 2021 and what impact the ongoing pandemic has had on their trip planning habits. The report, which analyzed first-party search data as well as traveler sentiment across six major markets (the U.S., United Kingdom, Australia, Italy, Japan, and Singapore), identified consumers’ increasing confidence that they will travel abroad in 2021, particularly in the second half of the year.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.