Good morning, Quartz readers! Here’s what you need to know.
The US takes a new step in the chip war with China. The Commerce Department has expanded on last year’s export controls to prevent China from accessing advanced semiconductors.
General Motors slows down production of electric pickups, while Stellantis cancels its January CES appearance. GM blames a decrease in US demand, not the UAW strike, while Stellantis says the strike is the reason for its news.
Goldman Sachs reports a 33% drop in profit in Q3. The bank faces losses from selling parts of its consumer lending business, but its core businesses remain steady.
A Moon rush is underway as the US, Europe, and China invest billions in returning humans to the Moon. NASA plans for long-term exploration this time. The question remains—how will government agencies and private companies fulfill the needs and wants of this new lunar economy?
At Quartz, we have always been focused on the global economy. Now, it’s time to think bigger. The Moon rush has begun. Quartz’s Tim Fernholz spoke with Michael Nayak, a planetary scientist and former Air Force test pilot, who now works at DARPA. Nayak and his team are developing a framework for a new lunar economy, starting with the basics.
Wildfires cost the US more than national defense. A report estimates that wildfires cost between $394 billion and $893 billion annually, impacting people’s lives, wildfire smoke mitigation, and more.
US president Joe Biden announces a $7 billion program to grow the hydrogen market. However, environmentalists argue that the program only benefits companies contributing to global warming. Let’s take a look at the numbers: 7 regional hydrogen hubs would produce 3 million metric tons of hydrogen and eliminate 25 million metric tons of carbon emissions annually, the equivalent of 5.5 million gas-powered cars.
In surprising discoveries, a romance novel’s level of intimacy can be inferred from its cover. The popularity of diabetes and weight loss drugs has made Novo Nordisk the most valuable company in Europe, affecting Denmark’s economy. Additionally, Halloween spending is expected to reach a record $12.2 billion in the US this year.
Consider leaving a random giant tip to bring joy. Enjoy breakfast and share good news.
Brutalism is making a comeback in architecture. Raw materials like concrete and steel with a patina finish evoke a Cold War-era Berlin aesthetic.
Did you know we have two premium weekend emails too? One provides analysis on the week’s news, while the other curates the best reads from Quartz and other sources for a great start to your week. Become a member and get 20% off. Have a productive day! Send news, comments, and compliments to [email protected]. Today’s Daily Brief is brought to you by Susan Howson.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
