The Daily Upside

Healthcare

Moderna Is Still Stuck in Post-COVID Limbo

Photo by Mufid Majnun via Pexels

Moderna walked a tightrope trying to convince shareholders it can both develop a new portfolio of drugs and keep costs down in the process.

2 min read

Today’s Upside

Recent News

Media & Entertainment

Sports Team Ownership May Be Overrated. Just Ask European Soccer Owners.

Photo by Tom McAtee via iStock

With rising valuations, sports team ownership should be a slam dunk. But it’s also possible those valuations are a little rich.

2 min read
Finance

PwC Slashes 1,800 Jobs in First Mass Cuts Since 2009

Photo by Wirestock via iStock

PricewaterhouseCoopers said it will lay off 1,800 staff members at its US unit next month. It will impact 2.5% of the unit’s employees.

1 min read
Industrials

Southwest Airlines Bends to Activist Pressure

Photo via Tomás Del Coro

Elliott Management ousted much of the board at Southwest Airlines, with Gary Kelly announcing his retirement amid broader board turnover.

1 min read
Big Tech

EU Fines Finally Catch Up to Big Tech

Photo by Georges Boulougouris via CC BY 4.0

Apple lost a court case over a €13 billion EU tax bill, and on the same day Google lost an appeal against a €2.4 billion antitrust fine.

1 min read
Banking

Fed Majorly Backtracks on Proposed Bank-Capital Hike

Photo by Thomas Belknap via CC BY-SA 1.0

The proposal to hike holdings for the biggest lenders to buttress market shocks was sliced more than in half.

2 min read
FA Upside

Hedge Funds Are Falling out of Favor with the World’s Wealthy

Photo by JaysonPhotography via iStock

New research has found a growing number of family offices and high-net-worth clients are kicking their traditional hedge funds to the curb.

2 min read
Media & Entertainment

Ubisoft Shares Take a Hit Over Investor Unease

Photo by Thibaut Broggi via CC BY 2.0

Shares in major video game publisher Ubisoft took an over 7% hit on Monday after a minor investor’s letter.

1 min read
FA Upside

Morgan Stanley Converts Mutual Funds into First ‘Pathway’ ETFs

Photo by Hapabapa via iStock

Morgan Stanley is bolstering its ETF suite by converting two mutual funds into exchange-traded funds under the Morgan Stanley Pathway brand.

1 min read
Media & Entertainment

Activist Investor Calls Out Murdoch Family Drama

Photo by via CC BY 2.0

On Monday, the Murdoch family was once again asked the $15 billion question: Who will take over the company after Rupert is no longer around?

2 min read
FA Upside

Active ETFs Approach $1 Trillion in Global Assets

Photo by Tima Miroshnichenko via Pexels

The actively managed investment vehicles have quickly gained momentum after a Securities and Exchange Commission rule change in 2019.

2 min read
International Economics

Prices in China to Fall into 2025 Amid Deflationary Sputters

Photo by Gary Lerude via CC BY 2.0

China will see middling returns into 2025 according to new data and a bank analyst report, which paints a grim future for its consumer sector.

2 min read
Patent Drop

Amazon Patent Highlights Double-Edged Sword of Personalized AI

Photo via U.S. Patent and Trademark Office

A recent Amazon patent may seek to make Alexa smarter and more personalized — but it could have the opposite effect

2 min read
Industrials

Boeing Dodges a Work Stoppage in Washington

Photo by Sven Piper via Unsplash

Boeing reached a tentative deal with the union representing its production workers in Washington state, likely dodging a strike.

1 min read
Patent Drop

Ford Patent May Bring In-Car Advertisements on Your Road Trip

Photo via U.S. Patent and Trademark Office

While this could create a lucrative new revenue stream for Ford, it also presents a privacy conundrum, one expert said.

2 min read
Investments

White House Readying US Sovereign Fund Proposal

Photo by Andy Feliciotti via Unsplash

White House officials are drafting plans to start a sovereign wealth fund that could invest in national security interests.

2 min read
Patent Drop

PayPal Patent Cuts Blockchain Energy Costs as it Ups Crypto Chops

Photo via U.S. Patent and Trademark Office

PayPal’s patent figures out when to use (and not use) blockchain for crypto transactions.

2 min read
Politics

The Ever-Trickier Geopolitics of Being Elon Musk

Photo by Ministry of Communications of Brazil via CC BY 2.0

Elon Musk’s fight with Brazil has highlighted how his interlocking array of companies can put him in a difficult geopolitical spot.

2 min read
Markets

Can a Texas Stock Exchange Really Lock Horns with Wall Street?

Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

The Texas Stock Exchange is hoping to become the center of a new financial mecca in the Lone Star state when it launches next year.

4 min read
Autos

Tens of Thousands of Yellow Cabs in Jeopardy as NYC’s Biggest Taxi Insurer is Insolvent

Photo by Mateusz Walendzik via Pexels

American Transit Insurance Company (ATIC) insures over 60% of 117,000 taxis and for-hire vehicles. And it’s insolvent.

1 min read
Media & Entertainment

UK Antitrust Watchdog Launches Probe into Ticketmaster

Photo by Drew de F Fawkes via CC BY 2.0

Some fans found that while they were waiting to buy Oasis tickets, the prices had quietly crept up from £135 ($177) to £350 ($460).

1 min read