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Debates and No More Quibi: News Flash for 10/23/20

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  • President Trump and former Vice President Joe Biden held their second and final debate last night at Belmont University in Nashville, Tennessee. Kristen Welker of NBC News moderated the event, with new CPD guidelines allowing her to mute either of the candidates if one began speaking over the other, a common trait of the previous debate. Both candidates discussed the coronavirus and Trump’s response to it, the economy, race relations in America, and the faults of the other candidates. President Trump made more controversial statements last night about the coronavirus and race relations in America, while Joe Biden made comments about shutting down the oil industry, which has brought a backlash against the former Vice President.
  • Quibi, an online streaming service that debuted in April, has announced that it will be shutting down after 6 months of operation. The short-form content company was the brainchild of Jeffrey Katzenberg, the former chairman of Walt Disney Studios and former CEO of Dreamworks. The downfall of the company is related to the poor reception from consumers and the highly-saturated methods of marketing employed by the company. Despite several original shows with star-studded casts, the company did not make back the $1.75 billion they received from several companies.