🌎 Stricter rules for EV tax credits

Good morning, Quartz readers!

Here’s what you need to know

Only US electric vehicle brands now qualify for tax credits. The US Treasury’s stricter requirements on the sourcing of battery components came into force today.

Fewer weddings have led David’s Bridal to declare bankruptcy in the US. The wedding dress retailer seeks a buyer to say “I do,” but 9,000 workers already face not-so-happy endings.

Elon Musk confirmed he’s working on a rival to ChatGPT. TruthGPT will focus on “understanding the nature of the universe” so it’ll be unlikely to “annihilate humans.”

A historic strike could be coming to Hollywood. Members of the Writers Guild of America voted by a record margin—98% to 2%—to authorize a walk out. In other strike news, workers at one of Coca-Cola’s biggest US bottling plants voted to go on the picket line after 18 rounds of bargaining.

What to watch for

Wall Street will get an update on how Netflix’s password sharing crackdown is going when the streaming giant reports earnings today after the bell. There’s one metric investors will be honing in on: signups for Netflix’s $6.99 ad-supported tier. The tier is a litmus test for the company’s password-sharing clampdown, and it already seems to be growing in popularity.

Apple is planting roots in Mumbai

It’s been seven years since Apple first said that it’d open a retail store in India, and today it’s actually finally really happening.

The storefront, located in a Mukesh Ambani-owned upscale commercial hub, represents more than just an expanded retail footprint for the tech giant. It’s part of a larger strategy to lessen its business reliance on China.

We put together a reading list to catch you up on Apple’s blossoming courtship with India.

☀️ How Apple made its first India store carbon neutral

🤨 Will India ever make new iPhone models before China does?

🍎 Apple wants to move its manufacturing out of China

🔌 Foxconn plugs into India

The pound’s wild ride

Unlike the wilted head of lettuce that outlasted former UK prime minister Liz Truss, the pound is turning a new leaf. Truss’s disastrous “mini-budget” triggered the currency’s slide last September, but with the economy in different hands, it’s at a cheerier 10-month high against the US dollar. But as Quartz’s Cassie Werber explains, that’s not the only thing fueling the rise.

Quartz’s most popular

✊ Macron won the battle for the pension reform, but at what cost?

⚡️ Germany ditched nuclear power while other countries are embracing it

🕳️ The share of VC deals that are done in Silicon Valley is at an all-time low

🏉 Why teams like the Washington Commanders make for a good investment 

🇸🇩 Millions of Sudanese are facing an acute shortage of food and medicines

🙃 There’s a biological reason you feel down after having the time of your life

Surprising discoveries

IKEA’s replacement is taking hold in Russia. It’s safe to call Swed House a doppelgänger.

An AI-generated photo won a prize at the Sony World Photography Awards. The German photographer who submitted the piece refused the honor.

Coastal species are climbing aboard the Great Pacific Garbage Patch. They’ve created entire communities that are thriving.

A stranded Russian cargo plane is racking up a mega parking bill. A year in Toronto has cost it a penny a second, or $330,000 and counting.

An elaborately lavish Roman winery was found. It had fountains that gushed with the juice of young grapes, as we gush with the realization that we were born a couple of millennia too late.

Our best wishes for a productive day. Send any news, comments, a giant ocean home, and doppelgänger photos [email protected]. Reader support makes Quartz available to all—become a member. Today’s Daily Brief was brought to you by Sofia Lotto Persio, Morgan Haefner, and Susan Howson.