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

Finance

Keith Gill Briefly Faces Legal Heat Over His GameStop Shares

Photo by Will Buckner via CC BY 2.0

Keith Gill — a.k.a. Roaring Kitty — got slapped with a lawsuit alleging a pump-and-dump scheme involving his GameStop shares.

1 min read
M&A

Parts and Reputation: Boeing to Buy Supplier After Quality Control Issues

Photo by Dan Bennett via CC BY 2.0

Boeing has agreed to buy one of its biggest suppliers, Spirit AeroSystems, for $4.7 billion, about 20 years after selling it.

2 min read
Big Tech

The EU Thinks Meta’s Ad-Free Service Is Illegal

Photo by Anthony Quintano via CC BY 2.0

The European Commission said it believes Meta violated the new Digital Markets Act by implementing a monthly subscription to escape ads.

2 min read
FA Upside

Supreme Court Ruling Minimizes SEC’s Enforcement Power

Photo by Ian Hutchinson via Unsplash

2 min read
FA Upside

UBS Shake-Up Aims to Court the Richest of the Rich

Photo by Claudio Schwarz via Unsplash

The Zurich-based bank joins a growing list of wealth management’s elite, including JPMorgan and Goldman, to focus on the wealthiest investors.

1 min read
FA Upside

BlackRock Pushes Into Private Markets With $3.2B Deal for Preqin

Photo by Hapabapa via iStock

The BlackRock deal highlights a move by some of the world’s largest asset managers into the very private world of private markets investing.

2 min read
Patent Drop

Shopify Gaze-Tracking Tech May Signal Sights Set on an AR Future

Shopify wants to track your depth perception.

2 min read
Consumer

Reynolds American Launches a Nicotine-Free Vape Line

Photo by Vaping360 via CC BY 2.0

Reynolds American is launching a new line of nicotine-free flavored vapes. But can Big Tobacco really ditch nicotine?

1 min read
Patent Drop

Amazon Patent May Help Models Unlearn Biases, Inaccuracies

Photo via U.S. Patent and Trademark Office

And Amazon wants to help machine learning models unlearn bad data.

2 min read
Energy

Greenwashing Is Becoming a Bigger Legal Risk

Photo by Markus Spiske via Unsplash

A report from the London School of Economics shows climate litigation is on the rise, although the cases filed each year may be stabilizing.

2 min read
International Economics

Will Cod be King Again After Newfoundland Moratorium Lifted?

Photo by Phillip Meintzer via CC BY-SA 4.0

Last week, the Canadian government lifted a 32-year moratorium on the commercial fishing of cod in the country’s easternmost province.

2 min read
Patent Drop

Intel’s Clean Computing Patent Signals AI’s Power Problem

Intel’s latest patent to clean up data centers could help minimize the climate impacts of tech’s hunger for AI.

2 min read
Artificial Intelligence

AI Could Upend Electricity Demand

Photo illustration by Connor Lin / The Daily Upside

AI’s energy needs are enormous, and could have a once-in-a-generation impact on the electricity market.

5 min read
Healthcare

Walgreens Plans to Shutter Stores and Refocus after Weak Earnings

Photo by Sachina Hobo via Unsplash

Walgreens’ new leader is planning a rebound for the chain, starting with shuttering a substantial, if unspecified, number of US locations.

1 min read
Economics

Teens Get Subpar Grade on Financial Literacy from OECD

Photo by Josefa nDiaz via Unsplash

Nearly a fifth of teenagers in advanced economies lack the baseline financial literacy and math chops to make everyday money decisions.

2 min read
Consumer

Amazon Sets up a Rival to Shein and Temu

Photo by Andrew Stickelman via Unsplash

Amazon’s setting up a discounted shop that will fly products to consumers from China. It’s meant to copy Shein and Temu’s business models.

2 min read
FA Upside

Morgan Stanley Clients Earned .01% on Cash. Now, They’re Suing

Photo by Ajay Suresh via CC BY 2.0

A class-action lawsuit filed by a former Morgan Stanley customer revolves around cash sweeps that earn additional income on uninvested cash.

2 min read
FA Upside

JPMorgan Takes on Goldman with Eye Towards The Uber Rich

Photo by Ikechukwu Julius Ugwu via Unsplash

JPMorgan’s new push for the upper crust is bringing in billions of dollars and putting it toe-to-toe with Goldman Sachs.

1 min read
FA Upside

Will Investors Bet on Economic Data? Interactive Brokers Is All In

Photo by Chris Liverani via Unsplash

The online brokerages launched a new platform to allow investors to invest in yes-or-no trades on upcoming events.

1 min read
Energy

Oil Executives Predict US Production Dip If Acquisition Spree Continues

Photo by Jeff W via Unsplash

A quarterly survey by the Federal Reserve Bank of Dallas polls around 140 energy firm executives in Texas, Louisiana, and New Mexico.

1 min read