đ Shoo to bird flu
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Hereâs what you need to know
Teslaâs stock is turning around. Its share price is up after selling more EVs than expected in the second quarter of this year.
Qatar Airways posted its biggest profit ever. The airline is thriving as its rivals struggle to grapple with supply chain issues.
The U.S. government gave Moderna $176 million. Itâs funding the development of a bird flu vaccine for humans, after the H5N1 virus infected three people in the U.S. in May.
A Microsoft partnership raised national security concerns. The Pentagon is worried about Microsoftâs $1.5 billion deal with a United Arab Emirates AI firm thatâs linked to China.
Joe Biden and Bernie Sanders want pharma giants to lower weight loss drug prices. The U.S. president and senator called out Novo Nordisk and Eli Lilly for the high costs of Wegovy and Ozempic.
The U.S. Federal Reserve said interest rate cuts are on hold. Chair Jerome Powell said the central bank wants to see inflation cool off more before cutting its benchmark rate.
Grubhub is catching the big fish
Bigger isnât always better, at least when it comes to whoâs delivering your takeout. While DoorDash and Uber Eats dominate the market for food delivery, Grubhub is on the come up.
The food delivery market exploded during the COVID-19 pandemic. And though Chicago-based Grubhub currently holds less than 10% of the food delivery market, itâs recently secured major contracts. That includes deals with Starbucks, Albertsons, and Amazon. Its success is part of a growing trend in the takeout delivery space, in which smaller players are succeeding over big wigs.
That doesnât mean food delivery giants arenât doing their darnedest to maintain their dominance. Uber Eats and DoorDash are still vying for partnerships with retailers. But less flexibility and higher fees mean they may not always succeed. Quartzâs Francisco Velasquez has the story.
The Supreme Court is being conflict-avoidant
The Supreme Court is exercising its right of indecision. The high court said yesterday that it wonât hear a case that would determine the future of the U.S. Occupational Safety and Health Administration, the countryâs labor rights enforcement agency. Also this week, SCOTUS declined to rule in two cases between southern states and social media that would set a precedent for how the First Amendment is applied in the digital age.
Hereâs Quartzâs reading list on the cases:
âď¸ SCOTUS declined to hear a case that could have destroyed OSHA
âď¸ The Supreme Court wonât decide Big Techâs free speech fight with Florida and Texas
âď¸ Supreme Court arguments over social media laws and free speech are defining social media itself
âď¸ SCOTUS arguments on social media laws featured some really strange comparisons
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Surprising discoveries
Greece is introducing six-day work weeks. Itâs going in a different direction from other European countries experimenting with a four-day work week as it grapples with a dearth of skilled workers and an aging population.Â
A loose bear was jumping fences in Los Angeles. The 5- or 6-year-old female black bear was captured after roaming free through LAâs suburbs for 24 hours.
Wimbledon is the single biggest annual catering operation in Europe. Fifty tons of strawberries and over 102,000 scones were served at last yearâs global tennis tournament.
At least a third of American workers have signed NDAs. And some non-disclosure agreements can last forever, The Cut reports.
Vintage CD players are a good investment. Weâre in a similar environment to the 1990s âpre-vinyl-revival era,â and CDs and players are going to get more expensive soon.
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Our best wishes for a productive day. Send any news, comments, bear catchers, and old ABBA CDs to [email protected]. Todayâs Daily Brief was brought to you by Laura Bratton and Morgan Haefner.