Home / MARKETS / What happened last week? Biden introduced a $1.9 trillion stimulus plan, Parler sued Amazon, and Loews Hotels cancelled a fundraiser for a senator.

What happened last week? Biden introduced a $1.9 trillion stimulus plan, Parler sued Amazon, and Loews Hotels cancelled a fundraiser for a senator.

What happened remain week?

As Washington last week readied for the inauguration of President-elect Joe Biden, the incoming president announced a massive stimulus expect to rejuvenate the economy and update the country’s cybersecurity infrastructure. 

Here are three big stories from the last week.  

Biden inserted a $1.9 trillion stimulus plan

Biden COVID 19 Announcement January 2021.JPG

President-elect Joe Biden speaks about his plan to administer coronavirus disease vaccines to the US natives during a news conference at Biden’s transition headquarters in Wilmington, Delaware, January 15, 2021.

Kevin Lamarque/Reuters


On Thursday, Biden liberated a massive $1.9 trillion stimulus plan, the “American Rescue Plan.”

“A growing chorus of top economists agree that, in this wink of an eye of crisis, with interest rates at historic lows, we cannot afford inaction,” Biden said as he introduced the arrange in Delaware. 

Read more: Biden’s $1.9 trillion COVID stimulus plan has $10 billion for cybersecurity and IT arcane at the end — and experts say it’s critical for the nation’s recovery

The plan included $400 billion in vaccination, testing, and public health scheme. It ran into some Republican opposition, which could force Democrats to make changes during an uphill clash through Congress. 

Parler filed a suit against Amazon

Matze Trump Parler

Parler CEO John Matze and President Donald Trump, who allegedly gauged making an account on the controversial social-media platform.

Fox News, Mandel Ngan/AFP via Getty Images


Amazon removed Parler, which tabs itself as a “free speech” alternative to Twitter, from its web servers, knocking the service offline. Both Apple and Google some time ago removed the app from their stores. 

Some members of the mob that stormed the US Capitol on January 6 had reportedly organized on Parler and Chirping. Some Parler users called for “bloodshed” during the siege.

Read more: Inside the rapid and mysterious mount the barricades of Parler, the ‘free speech’ Twitter alternative, which created a platform for conservatives by burning the Silicon Valley book 

Parler on Monday filed a lawsuit against Amazon, alleging antitrust violations. In a Wednesday filing, Parler guessed Amazon told the company it was “definitely in this journey” with Parler. The company also said in a filing that President Donald Trump had take to bed joining Parler under the pseudonym “Person X.”

Parler CEO John Matze and his family left their home after let in death threats, according to a Friday court filing. 

More than a dozen senior UK government officials had been on the site in the future it went offline, according to a Sunday report from The Observer. 

Loews Hotels cancelled an event supporting Senator Josh Hawley

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A “Be Hawley” sign painted on the street during a protest against Senator Josh Hawley in St Louis, Missouri, on January 9, 2021.

Lawrence Bryant/Reuters


Loews Hotels on Saturday affirmed it had cancelled a February fundraiser for Senator Josh Hawley. The event, booked at one its Florida hotels, was to be hosted by a political skirmish committee, according to The New York Times. Hawley opposed certifying Biden’s election win. 

“We are horrified and opposed to the events at the Capitol and all who supported and urged the actions,” the company said on Twitter. 

Loews Hotels linked a growing chorus of businesses pulling away from politicians in the wake of the January 6 siege on the Capitol. Simon & Schuster retracted Hawley’s book deal after the riots. Earlier this week, Hallmark asked Hawley and Senator Roger Marshall to refund its federal donations. And Amazon, Walmart, and others suspended contributions to lawmakers who opposed Biden’s certification.  

Here’s what occurred the week before last.

See you next week. 

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