š An IPO that delivers
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Instacart priced its IPO at $30 a share. The grocery delivery company has a market value of about $10 billion following its Nasdaq debut.
Norfolk Southern announced its plan to compensate homeowners in East Palestine. The railway said it will help make up for lost property value after a train derailment spewed toxic chemicals in the Ohio town in February.
Microsoftās chief product officer is leavingāfor Amazon. After nearly 20 years at the firm, Panos Panay is set to head Amazonās devices division, Bloomberg reported.
Tesla is reportedly in talks to build an EV factory in Saudi Arabia. The Wall Street Journal broke the news, but CEO Elon Musk denied its veracity in a tweet.
Turkey responded to a Starlink request with a Tesla request
Yesterday, during a sit-down meeting on the sidelines of the UN General Assembly in New York, Turkish president Recep Tayyip ErdoÄan asked Elon Musk to build a Tesla factory in Turkey.
The picture above shows ErdoÄan, Musk, and a little Musk. The other executives in the room were not from Tesla, but from StarlinkāMuskās satellite networkāand SpaceXāthe rocket maker that puts those satellites into orbit.
Judging by the official communiquĆ© from the Turkish government, ErdoÄanās request for an electric car factory came in response to Musk asking for permission to operate Starlink in Turkey, which currently is a dark spot in Starlinkās global network. Itās a quid pro quo that Musk is becoming accustomed toānegotiating with foreign governments who can play his various companies against each other. Just look at his relationship with China.
Can factory workers change the shape of the work weekāagain?
Ford Motor founder Henry Ford may have been one of the earliest adopters of the five-day work week, but now Fordās workers want more.
The United Auto Workers (UAW) began a historic strike last week against the āBig Threeā US carmakersāFord, General Motors, and Stellantisāwith a list of demands that included a four-day work week.
The idea has become a reality for some office workers but has yet to make it to the assembly line. As Quartzās Julia Malleck writes, the unionās precedent-setting demand could rev up the four-day work weekās engine. Read the full story here.
Pop quiz: The future of ABC
Which of the following is true about Nexstar Media, the little-known TV broadcaster that could buy Disneyās ABC network?
A. It controls 200 local broadcast stations
The correct answer is, well, all of them. Disney is reportedly looking to spin off ABC as it no longer sees the broadcast and cable TV business as part of its core operations, and Nexstar is the most likely inheritor. But other outlets and media tycoons are tuning in.
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Surprising discoveries
Song choruses are moving closer to the start. To count as a listen on streaming services, tunes have to play for at least 30 seconds.
The US lost a $100 million fighter jet and wants your help finding it. The F-35 was misplaced after a pilot ejected from the aircraft.
A dinosaur skeleton is going up for auction in Paris. āBarry,ā as the Camptosaurus is known, could fetch more than $1 million.
Watering holes in England and Wales are disappearing. Two pubs a day have been shuttering since the beginning of the year.
This yearās Ig Nobels were announced. Highly impactful works on counting cadaver nose hairs, repurposing dead spiders, and rock-licking scientists were among the winners.
Our best wishes for a productive day. Send any news, comments, 30-second songs, and tickets to a disappearing pub crawl to [email protected]. Reader support makes Quartz available to allābecome a member. Todayās Daily Brief was brought to you by Morgan Haefner, Susan Howson, and Julia Malleck.