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

Consumer

Is Peloton’s Turnaround Plan Finally Working?

Photo by Phillip Pessar via CC BY 2.0

Peloton reported sales growth of 0.2% in the latest quarter, its first quarter of year-over-year revenue growth since late 2021.

1 min read
Banking

The EU Wants to Make Its Bankers More Fireable

Photo by Kremlin.ru via CC BY 4.0

The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.

1 min read
International Economics

Canadian Railway Shutdown Threatens US Supply Chains

Photo by Sangkeun Park via CC BY-SA 4.0

Canadian National Railway and Canadian Pacific Kansas City came to a halt after locking out 9,300 employees over a contract dispute.

2 min read
Patent Drop

Electronic Arts’ Patent Highlights Risks and Rewards of AI in Game Development

Photo via U.S. Patent and Trademark Office

Though generative AI could make game development faster and easier, the industry is divided on where AI fits into the picture.

2 min read
Patent Drop

Philips Patent Predicts ER Delays Amid Healthcare Staffing Shortage

Photo via U.S. Patent and Trademark Office

Philips’ latest patent could predict how long you’ll be in the waiting room.

2 min read
Patent Drop

Meta Glucose Measurement Patent May Face Data-Collection Obstacles

Photo via U.S. Patent and Trademark Office

A recent Meta patent aims to measure your glucose through light reflections in your eyes.

2 min read
FA Upside

China Wants International Investors Kept in the Dark

Photo by N509FZ via CC BY-SA 4.0

Authorities in Beijing have begun hiding daily investment data from foreign investors looking to gain insights into the market.

1 min read
FA Upside

State Street to Tokenize Real-World Assets for Institutional Investors

Photo by Pierre Borthiry via Unsplash

Legacy firms are recognizing the importance of crypto and diving deep into blockchain technology to help institutional investors.

2 min read
FA Upside

This ETF Is the Most Volatile in the US

Photo by MicroStrategy via CC BY 2.0

A new exchange-traded fund that tracks a stock closely correlated to Bitcoin has just become the most volatile in the US.

2 min read
Energy

US Coal Miners Arch and Consol to Combine Into $5.2 Billion Giant

Photo by Elimende Inagella via Unsplash

Arch Resources and Consol Energy announced plans for a merger to create a new $5.2 billion coal giant called Core Natural Resources.

1 min read
Consumer

Target and TJ Maxx Win Big By Keeping Prices Low

Photo by Ajay Suresh via CC BY 2.0

Both Target and TJ Maxx posted stellar earnings results on the strength of the incredibly resilient US consumer.

1 min read
Big Tech

Big Tech’s AI Fever Could Kill Its ESG Credentials

Photo by Tim van der Kuip via Unsplash

Big Tech companies have reportedly found a workaround in the carbon credit system to downplay their greenhouse gas emissions.

2 min read
Banking

Wells Fargo Sells Most of Its Commercial Real Estate Servicing Business

Photo by NoeHill via CC BY-SA 3.0

Wells Fargo said Tuesday that it will sell most of its commercial mortgage servicing business to Trimont, a global loan services provider.

1 min read
Media & Entertainment

Disney Faces Regulatory Roadblocks in Global Sports Push

Photo by Mika Baumeister via Unsplash

Antitrust regulators in India flagged Disney’s $8.5 billion merger with Reliance for competition concerns in cricket broadcast rights.

2 min read
Autos

The EU’s EV Tariffs Favor Tesla, But Maybe Not Enough

Photo by Ganesh Mohan T via CC BY-SA 4.0

The European Commission on Tuesday solidified new tariffs for electric vehicles imported from China. The actual numbers aren’t harsh.

2 min read
FA Upside

SEC Sends Message Over Off-Channel Communications

Photo by Anton via Pexels

Advisory firms are having to pay hefty fines if they get caught discussing business matters on personal devices.

1 min read
FA Upside

Rob Arnott Doesn’t Like ‘Getting Dumped,’ But These Stocks Do

Photo by Gage Skidmore via CC BY-SA 2.0

Arnott is launching a new index, called NIXT, that targets small-cap value companies that have been dropped from other indexes.

2 min read
FA Upside

Citi’s Sweeping Changes to Wealth Unit Still a Work in Progress

Photo by Uris via CC BY-SA 3.0

America’s fourth largest bank has decided to double down on wealth management, which has resulted in plenty of new faces.

2 min read
Regulation

Carl Icahn Settles SEC Charges He Hid Billions in Loans Backed by Company Stock

Photo by Ablokhin via iStock

Famed activist investor Carl Icahn agreed to pay $500,000, and his Icahn Enterprises $1.5 million, to settle civil charges from the SEC.

1 min read
Autos

GM Makes Cuts to Software Division

Photo by JHVEPhoto via iStock

GM is cutting over 1,000 workers, equivalent to roughly 1.3% of its total workforce, from its software and services division.

1 min read