Quartz

Meta's antitrust trial heats up: Here's what we learned in week one

found 18 Apr Quartz

qz.com › meta-ftc-antitrust-trial-week-1-zuckerberg-1851776650

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In week one of the Federal Trade Commission’s blockbuster monopoly trial against Meta (META), CEO Mark Zuckerberg spent around 10 hours on the stand as the agency questioned him about revealing emails from another era.

Eli Lilly promises to make new weight-loss pill in the U.S.

found 18 Apr Quartz

qz.com › eli-lilly-dave-ricks-orforglipron-tariffs-us-1851776807

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Eli Lilly (LLY) CEO Dave Ricks said Friday that the company will make its planned GLP-1 weight-loss pill in the U.S. amid President Donald Trump’s sweeping tariffs and his push to get companies to move production inside the country’s borders.

LVMH CEO says to blame Brussels for U.S.-EU tariff tensions

found 18 Apr Quartz

qz.com › bernard-arnault-lvmh-brussels-eu-trump-tariffs-1851776780

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Bernard Arnault, the chairman and CEO of French luxury conglomerate LVMH, says to blame Brussels — the location of the EU headquarters — if tariff policies can’t be worked out with the U.S.

Binge this: Netflix's Q1 hits blockbuster levels

found 18 Apr Quartz

qz.com › netflix-q1-most-watched-earnings-beat-1851776741

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“No entertainment company has ever programmed for so many tastes, cultures and languages.”

DOGE is gutting the watchdog created to protect consumers from financial fraud

found 18 Apr Quartz

qz.com › cfpb-trump-90-percent-cut-doge-1851776761

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The Trump administration is all but eliminating the Consumer Financial Protection Bureau (CFPB), firing nearly 90% of its employees, according to several reports.

6 cities where workers are returning to the office

found 18 Apr Quartz

qz.com › cities-where-workers-are-returning-to-office-1851775749

The long shadow of the pandemic still looms over the workforce, with many still working from home. But office buildings and downtown parking garages are slowly filling up as people return to their cubicles.

The wine industry is getting crushed like grapes, thanks to tariff uncertainty

found 17 Apr Quartz

qz.com › wine-industry-crushed-tariff-uncertainty-trump-1851776689

This story seems to be about:

US ★

Wine is more than just about what is in the bottle. For someone in the business, it’s also the bottle, the cork, the label, the distributor, and dozens of other moving parts. While, in theory, tariffs could help the U.S. wine industry (i.e. more locally sourced vino), many say that the business is more complicated…

Nvidia has lost $250 billion worth of market cap in almost an instant

found 17 Apr Quartz

qz.com › nvidia-market-cap-h20-chips-jensen-huang-trump-1851776659

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Nvidia (NVDA) stock continues to fall after the company reported that it would take a $5.5 billion hit due to export controls implemented by the Trump administration. After Thursday’s stock drop, Nvidia has lost more than $250 billion in market cap value since Tuesday.

U.S. shoppers flock to Chinese apps as Trump’s tariffs threaten purchases

found 17 Apr Quartz

qz.com › china-tariffs-dhgate-taobao-us-shopping-1851776631

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Hermès handbags and Lululemon (LULU) yoga pants — but for a fraction of the price? Savvy U.S. shoppers looking for workarounds for tariff hikes have turned their attention directly to China, where they’re being introduced to alternative markets.

A rival to Elon Musk's Neuralink scored a big win

found 17 Apr Quartz

qz.com › precision-neuroscience-neuralink-elon-musk-fda-approval-1851776651

This story seems to be about:

Elon Musk’s Neuralink has been a trailblazer in brain chip implant technology. But today, rival company Precision Neuroscience announced that a core component of its brain implant system has been approved by the U.S. Food and Drug Administration.