The Daily Upside

Big Tech

Amazon Doubles Down on AI Processor Bet

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Amazon wants to reduce its reliance on Nvidia and offer an alternative to Nvidia for Amazon Web Services clients in the process.

2 min read
Finance

Klarna Files for a US IPO

Photo by Cherubino via CC BY-SA 4.0

Looser regulations might be leading Swedish buy-now-pay-later firm Klarna to choose the US over the UK to host its IPO.

2 min read
Industrials

Activist Investor Elliott Reveals Surprise $5 Billion Stake in Conglomerate Honeywell

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Honeywell may just be the next conglomerate to split into various pieces. At least if Elliott Investment Management has its way.

2 min read
Healthcare

23andMe Gives Up on its Drug Development Dream

Photo by Mike Mozart via CC BY 2.0

A treasure trove of genetic data may hold the key to a revolution in drug development, but it offers no clues for building a business.

2 min read
Energy

Shell Strikes a Blow For Fossil Fuel Industry in Climate Litigation — For Now

Photo by Krish Parmar via Unsplash

Shell managed to overturn a Dutch legal order made in 2021 that had mandated the company cut its emissions 45% from 2019 levels by 2030.

2 min read
Advisor Upside

Can ETFs Break Into the $7.4T 401(k) Industry?

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More than 30 asset managers are asking regulators for permission to offer mutual fund share classes that can fit into retirement accounts.

2 min read
Advisor Upside

Rich Clients Stick With Their Advisor. Their Children? Not So Much

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With the Great Wealth Transfer in full swing, advisors need to be ready for younger clients who are more mobile, according to a survey.

1 min read
Advisor Upside

SEC Fines Robo-Advisor for Athlete Endorsement Violations

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The Shariah-compliant robo-advisor Wahed Invest allegedly violated advertising rules and agreed to a $250,000 fine.

1 min read
Consumer

Nestlé Tries to Hitch a Ride with Formula 1

Photo by Justin via Unsplash

Nestlé and Formula 1 announced on Monday that starting with the upcoming 2025 season KitKat will be the sport’s “official chocolate bar.”

1 min read
Healthcare

Abbvie Shares Sink Following Two Poor Trials

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Dissapointing results for two mid-stage trials strikes a blow in Abbvie’s expensive pipeline-via-M&A strategy.

2 min read
International Economics

China’s Trade Surplus Closing in on $1 Trillion, Bolstering Trump’s Tariff Pledge

Photo by Eilis Garvey via Unsplash

Just in time for Trump 2.0, China is on pace for history’s first $1 trillion trade surplus by a single nation, according to Bloomberg.

2 min read
Semiconductors

TSMC To Halt Shipments to China

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Imposing export controls on high-powered computer chips is easy, but enforcing them is much harder. Just ask TSMC.

2 min read
Policy & Power

The Search for America’s Next Treasury Secretary is On

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If the President is America’s CEO, the CFO is the Treasury Secretary. Soon, the country will have a new one in its metaphorical c-suite.

2 min read
Social Media

Australia Wants to Boot Kids off Social Media. Meta Says: Make Apple and Google Do It.

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Last week, Australian Prime Minister Anthony Albanese announced the government plans to introduce a law banning children from social media.

2 min read
Analysis

Wall Street Does DeFi

Photo illustration by Connor Lin / The Daily Upside

New digital-asset funds from BlackRock and WisdomTree are bypassing traditional systems and issuing assets directly on the blockchain.

3 min read
Artificial Intelligence

AI Startup Anthropic to Partner With Palantir, AWS to Sell to Intelligence and Defense Agencies

Photo by TechCrunch via CC BY 2.0

AI startup Anthropic is teaming up with Palantir and Amazon Web Services to get its wares into the intelligence and military market.

1 min read
Healthcare

Novo Nordisk’s Doing Brilliantly, Just Not Brilliantly Enough

Photo via Novo Nordisk

Novo Nordisk reported earnings, posting some chunky year-over-year growth and far outperforming its only real rival at the moment, Eli Lilly.

1 min read
Economics

The Fed Cut Interest Rates Exactly as Planned. But What’s Next?

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

The US Federal Reserve continued its interest rate deescalation with a 25 basis point cut — exactly in line with consensus expectations.

2 min read
Patent Drop

Oracle’s Cloud Business is Along for the AI Ride

Photo via U.S. Patent and Trademark Office

Oracle probably won’t beat out major cloud companies. But it doesn’t have to in order to benefit from the AI wave.

2 min read
Patent Drop

IBM May Pay Closer Attention to AI Risk Amid Model Boom

Photo via U.S. Patent and Trademark Office

The context in which an AI model is used can change how much risk it presents, and who it affects.

2 min read

FA Upside

Financial advisor news, market insights, and practice management essentials.

OPEC+ Once Again Moves to Cut Production

Photo by Tony Wu via Pexels

1 min read
Natural Disasters Cost the Insurance Industry $135 billion this year

Photo by Library of Congress via Unsplash

1 min read
Abu Dhabi’s Mubadala Capital Takes Big Step Into US Credit Market

Photo by Web Summit via CC BY 2.0

2 min read