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Norway wealth fund posts record $213 billion profit: A lesson in investing

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Norway wealth fund posts record profits. Making it the largest stock fund in the world. Norway’s sovereign wealth fund owns 2% of the world’s stocks (no joke) and just had a record year… thanks to oil and oranges (we’ll explain)

Plus Zum’s smart school buses and 23AndMe’s downfall.
Zum just hit a $1.3B valuation for reinventing the school bus: Electric and smart — but since kids are involved, they’re facing some speed bumps.
23andMe's Fall From $6 Billion to Nearly $0: 23&Me pioneered the home DNA test, but now they’re close to bankruptcy — because of the “The Macarena Problem”: One-hit-wonder”

$ME $TSLA $UBER
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0:00 - Intro
0:53 - EE Ward Moving: The Oldest Black Owned Business
3:09 - Zum Smart Bus
7:40 - 23andMe's Fall
11:25 - Norway wealth fund
15:50 - What else you need to know
16:32 - Outro
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About Us: The daily pop-biz news show making today’s top stories your business. 15 minutes on the 3 biz stories you need, with fresh takes you can pretend you came up with — Pairs perfectly with your morning oatmeal ritual. Hosted by Jack Crivici-Kramer & Nick Martell.
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NORWEGIAN NEWS
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