Good morning, Quartz readers! Here’s the latest news you need to know:
1. The US is investing $3.5 billion in upgrading the electrical grid to withstand extreme weather events like wildfires.
2. US president Joe Biden met with Israeli leaders but did not meet Arab leaders as planned, leaving questions about relief supplies entering Gaza.
3. United Airlines is experiencing a decline in shares due to rising jet fuel prices and potential continued suspension of flights to Tel Aviv.
4. China is lifting restrictions on foreign investment in domestic manufacturing as a symbolic gesture to attract overseas businesses.
5. Tesla’s net income declined 44% from the previous year, despite increasing sales.
6. Mortgage applications in the US have significantly decreased, signaling low demand for home loans.
7. Elon Musk’s investment in Twitter has seen a decline in web traffic, while his own profile and posts have seen a significant increase in traffic.
8. Casino workers in Detroit are on strike, demanding better pay and job security in the age of technology.
9. France has surpassed Italy as the world’s top winemaker, thanks to climate change favoring its vineyards.
10. Goldman Sachs’ CEO, also known as DJ D-Sol, has retired from his DJ-ing activities to focus on his role at the bank.
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