šŸŒ Twitter is X Corp

Plus: How the death of a CEO affects stock prices
šŸŒ Twitter is X Corp

Good morning, Quartz readers!


Hereā€™s what you need to know

Elon Musk rebranded Twitter as X Corp... The name change is part of the billionaireā€™s goal to make an ā€œeverything app.ā€

ā€¦and former executives sued Twitter over delays in reimbursing legal bills. Ousted CEO Parag Agrawal is one of the three plaintiffs claiming the company owes them more than $1 million.

The government of Kenya isnā€™t paying its employees. Ministers, legislators, and civil servants are yet to receive their March salaries, and some workers havenā€™t been paid since January.

Junior doctors in the UK started a 96-hour strike over pay yesterday. The National Health Service expects the walkout will be one of the most disruptive in the past 75 years.


How the death of a CEO affects stock prices

Image for article titled šŸŒ Twitter is X Corp
Photo: Macall B. Polay / HBO

By now, it is surely no spoiler to discuss the death of Logan Roy, the fictional media titan whose dynasty is at the heart of the HBO drama Succession. How does the market react offscreen, though, when the leader of a company suddenly dies?

Well, it can definitely be bad for business: Appleā€™s stock fell 6% after it announced that Steve Jobs was taking an indefinite medical leave, and Bed, Bath & Beyondā€™s stock dropped 15% after the sudden death of its CFO. But thatā€™s not the full story. In fact, shares can rise sharply.


Fun factā€¦ about Tupperware?

Founder Earl Tupper was so annoyed with the hype surrounding single mom Brownie Wiseā€”whose houseparty model for selling his new polyethylene stay-fresh kitchenware touched off a whole business modelā€”that he kicked her out and sold the company to Rexall in 1958. Women stayed the prime sellers of the stuff for decades, though, and the fact that one could only purchase the burpy bowls at an official Tupperware party gave it an air of exclusivity.

Now, there are virtual smorgasbords of imitators available with no face-to-face interaction needed, and Tupperwareā€™s sales arenā€™t staying quite as fresh as they used to.

Image for article titled šŸŒ Twitter is X Corp
Graphic: Ananya Bhattacharya

China has been quick to regulate AI chat bots

Chinese AI bots looking to rival OpenAIā€™s ChatGPT will need to study up on ā€œsocialist values.ā€ Thatā€™s part of new rules drafted by the Cyberspace Administration of China requiring AI products to undergo a security review before being released to the public.

Quartzā€™s Michelle Cheng explains what this means for Baiduā€™s Ernie bot and how other big tech giants in China will train their AI models in the future.


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Mexico made a tortilla taskforce... Itā€™s all in the name of investigating the health effects of US-grown GMO corn.

ā€¦and France celebrated the omelet by making a giant one. Festival goers in BessiĆØres enjoyed a bite of the 15,000-egg dish.

Someone paid $15 million for a car license plate in Dubai. It simply reads: P 7.

The poop emoji is increasingly showing up in court documents. But how do lawyers read šŸ’©outloud?


Our best wishes for a productive day. Send any news, comments, fresh tortillas, and eggs to put inside them to talk@qz.com. Reader support makes Quartz available to allā€”become a member. Todayā€™s Daily Brief was brought to you by Morgan Haefner and Susan Howson.