If you were on social media at all yesterday, you couldn't miss the shocking photos of rioters storming the US Capitol building in Washington D.C. Here's what happened.

Save America: Yesterday, thousands of President Trump's supporters congregated in Washington to protest Congress' certification of the presidential election.

The storm is coming: As debate was being held, rioters started to storm their way into the Capitol building. Supporters of the President got as far as onto the House and Senate floors, as well as the office's of legislators.

Later in the day, the FBI and Virginia National Guard arrived on-site to clear rioters from the premises. The site was secured at around 6:00pm.

Bottom line: The siege on the US Capitol is unprecedented and a vivid reminder of the fractured American democracy that President-Elect Joe Biden is inhereting as he prepares to take office.

Is it a bird? Is it a plane? Yes... well kind-of, it's a new supersonic passenger aircraft. Yesterday, the FAA issued new rules that pave the way for the reintroduction of supersonic commercial flight.

What's happening: The updated regulations provide guidance for companies looking for regulatory approval for a modern supersonic aircraft that could transport passengers faster than the Concorde.

Too fast too furious

A number of startups, like Boom Supersonic and Heremeus, are working to develop a new commercial supersonic airliner. Their thesis is that advancements in technology now make it possible to build supersonic aircraft that can operate at a profit for airlines.

Looking forward: Boom Supersonic recently announced that it completed construction of the first independently developed supersonic aircraft and it plans to begin test flights later this year.

Zoom out: Mass market supersonic air travel is closer than we think and the FAA's updated guidelines get us one step closer.

Saudi Arabia announced that they'll cut oil production by 1 million barrels per day starting next month.

The backstory: In March of last year, Russia and Saudi Arabia got into an old fashioned price war that saw oil prices plunge to their lowest levels in years.

The deal: Earlier Tuesday, that war came to an end when OPEC (a consortium of oil producing countries) agreed to output levels that would stabilize prices.

The moves reflect new fears that the COVID-19 pandemic could further hit the global economy and drive down oil prices.

The result: Global oil benchmark Brent crude futures jumped 4.9 percent to settle at $53.60 a barrel.

Why does it matter: Canadian oil, already more expensive and difficult to produce, was hit particularly hard by the price war. OPEC's deal gives Canadian producers some breathing room and the Canadian Association of Petroleum Producers (CAPP) forecasts companies will increase their capital expenditures by 12 per cent this year to almost $27 billion.

Mississauga-based software company Prophix announced it is being acquired by UK private equity giant HG Capital for $500mil USD.

What's happening: Feeling the effects of the pandemic on their business, the Prophix team chose to sell to a third party investor rather than raise outside capital. President and CEO of Prophix Alok Ajmera said they went with HG because of their experience with similar businesses and commitment to support current employees.

What's Prophix Software: The company makes a suite of software that mid to large companies use for budgeting, forecasting and automating financial reports.

Zoom out: Prophix is part of a trend of businesses reevaluating their post-pandemic outlook and, in some cases, choosing to sell rather than wait out the uncertainty.

The New York Times declared Jon Ossoff the winner of the second Georgia Senate seat, ensuring Democrats control the Senate and that President-Elect Joe Biden will have an easier time enacting his agenda.

Canadian health tech company Point Click Care was valued at $4 billion as a California growth equity firm sold most of their position.

US officials are considering prohibiting Americans from investing in Chinese companies Alibaba and Tencent, two of the most-valuable publicly listed companies in the world.

Amazon said it's committing to $2 bil worth of affordable housing in Arlington, Virginia and Nashville – three areas where the company expects to have 5,000 employees each in the coming years.