Good morning, Quartz readers!
WHAT YOU NEED TO KNOW
OpenAI says its products will soon start thinking. The company’s latest models will pause for a while to spit out answers to increasingly complex queries.
Campbell’s wants soups without the label “Soup.” That is why analysts think it is probably good that the company is considering removing the word from its name as part of a rebranding exercise.
Another no-name product, Ozempic, comes onto the market. Psychiatry-focused company Noom has started selling GLP-1 at rock bottom prices – at least compared to Novo Nordisk.
JPMorgan Chase wants its employees to finish work earlier. The bank limits the working week to a relaxed 80 hours in order to help young talent avoid burnout.
Larry Ellison gets very rich very quickly. The Oracle co-founder’s fortune rose by more than 50% this year to almost 200 billion dollars.
Walmart remains unaffected by strange economic sentiments
Although Americans’ wallets are currently in many different places, their money continues to flow steadily out, even as there is uncertainty about how much money is coming in.
And when one group of consumers is in distress, there is still another group contributing to the bottom line of corporate America.
Quartz’s Andy Mills spoke with Wall Street Horizon analyst Christine Short about the current retail environment and why Walmart seems to be successful where Dollar General is struggling.
Someone has been googling “Monopoly” a lot lately
Google is back in court as the Justice Department hears a lawsuit against the company, this time over its dominance in the advertising technology market.
Jeff Green, CEO of The Trade Desk, one of Google’s biggest adtech competitors, believes the search giant should be broken up in the interest of market fairness.
Rocio Fabbro from Quartz analyzes Green’s comments and how they reflect the mood regarding antitrust.
A FRIDAY MARKET HAIKU
A need, not a desire:
The bag of life with eggs, milk and bread …
Kroger, the giver.
Kroger’s stock price rose after the grocery giant reported strong second-quarter results, showing that customers are still flocking to Kroger for groceries and essentials despite the shaky economy and ongoing regulatory disputes. Francisco Velasquez of Quartz has the latest.
MORE FROM QUARTZ
💣 A startup named after Lord of the rings just fired a cheap missile at the global arms markets
📈 Chubb leaves, Apple leaves: Warren Buffett’s portfolio in focus
🔗 WeWork founder Adam Neumann pays back investors in his failed blockchain startup for emissions rights
🍊 Trump media shares have fallen 33 percent in one month
🍔 McDonald’s extends its $5 menu offer
💸 American Airlines flight attendants received a hefty pay raise following the ratification of a new collective bargaining agreement
⚡ A group of AI leaders met with a number of energy companies at the White House to discuss the sector’s energy crisis
SURPRISING DISCOVERIES
In space you can hear a billionaire screaming. Polaris Dawn promoter Jared Isaacman cheated; he had a microphone with him when he attended the very first private spacewalk.
Lando Norris can drive a McLaren slowly. The F1 driver piloted a P1 made of Legos around England’s famous Silverstone Circuit.
The skin care business is really rocky right now. The latest product wave revolves around Minerals as main components. (Paywall)
They have a good chance of surviving the tree further down the street. The average lifespan of an urban street tree is only 19 to 28 years.
A Ukrainian in a van is one of the war’s leading drone experts. Serhii “Flash” Beskrestnov has become a minor celebrity for his Military technology research at the forefront.
Did you know we also have two premium emails on the weekend? One contains analysis of the week’s news and the other the best articles from Quartz and other media to help you start your week off right. become a member or Give a membership as a gift!
We wish you a safe start to your day. Send all news, comments, timesheets from JPMorgan Chase and Rocky Skincare to [email protected]Today’s Daily Brief was brought to you by Melvin Backman and Morgan Haefner.
