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Daily QuickWit (6.16) – Yesterday’s Top Stories

  • Boxed to go public in SPAC deal valuing online grocer at $900M Another beneficiary of the ecommerce boom during the pandemic, but one not covered as much, was Boxed.  The new company will be led by Boxed’s existing CEO Chieh Huang while Gary Matthews, Seven Oak’s chairman and CEO, serve as board chairman.  It is important to note, Boxed is still not making a profit.
  • Amazon & Metro to partner on affordable housing – Amazon and Metro Announce a $125 Million Commitment to Create 1,000 Affordable Housing Units at Metro Stations in the Washington, D.C. Metropolitan Area
  • Employees are still skipping lunch despite working from home, new Tork survey finds.  Despite 91% of people surveyed working just as much, if not more, during the COVID-19 pandemic, a majority of workers are still skipping their lunch break. A recent survey by Tork shows taking a lunch break, particularly with takeout, has positive effects on employee happiness, engagement, and productivity – and helps support local restaurants.
  • What companies have the best reputation?  The answer is in the most recent Reputation Quotient Study from Axios and Harris Poll.  Spoiler Alert! 4 of the top 10 are retailers!
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