Good morning, Quartz readers!
Here’s what you need to know
Softbank made it clear Arm is front and center in its portfolio. Rene Haas, the CEO of the British chip designer, was named to Softbank’s board ahead of Arm’s landmark IPO.
Chinese police made an unannounced visit to Bain & Co’s Shanghai hub. It’s really just business as usual though, as the country heightens its scrutiny of foreign firms.
Kenyan stocks, on the other hand, would like more involvement from foreign firms. The Nairobi Securities Exchange saw its lowest level of outside investment in six years last month at just 30.1%.
US GDP grew by 1.1% in the first quarter of this year. That might look bad on the surface, but it doesn’t tell the whole story.
Twitter censorship is worsening around the globe
Elon Musk’s views on censorship are complicated and oftentimes erroneous, but the social media company he now runs is surely seeing a lot of real censorship from countries around the world.
In the first half of 2022, before the chief twit took over, Twitter got around 53,000 legal requests from governments to remove content from its site. India led the way—and its censorship efforts are only on the rise.
The EVs are coming, even if you can’t hear them
“The internal combustion engine has gone unrivaled for over a century, but electric vehicles are changing the status quo. By 2030, they will avoid the need for at least five million barrels a day of oil. Cars are just the first wave: electric buses and trucks will follow soon.”
—Fatih Birol, the executive director of the International Energy Agency, talking about a new IEA report that found a fifth of all global automobile sales will be electric this year, up from just 4% in 2020. One country will be a clear front-runner.
The activists are coming for BP, and you can hear them, loud and clear
“Do you like wildfires? Do you like the natural world? Do you want to see it destroyed?”
Those were just some of the questions—sprinkled among the expletives—thrown at BP executives during their annual shareholder meeting yesterday. The oil giant’s chairman Helge Lund wasn’t amused. We’ve got the full recap.
Quartz’s most popular
🚀 The FAA let SpaceX launch Starship without the usual pad protections
🚩 Russia’s seizure of two foreign firms’ assets is a warning shot to the West
⚡ Why General Motors is pulling the plug on the Chevy Bolt
👻 Another US Supreme Court justice obscured a real estate deal
🌝 ispace’s missing lander shows how hard it is to touch down on the Moon
🤩 A look back at BTS as it became the world’s top-selling act
Bamboo is just rayon. That super-soft material isn’t new, and companies don’t want you to know that.
A ’90s hip hop artist, a Malaysian businessman, and Leonardo DiCaprio were entangled in a weeks-long criminal trial. Martin Scorsese’s The Wolf of Wall Street was why Leo was there, but that probably doesn’t clear anything up.
The 45-year-old Voyager 2 will live a bit longer. NASA’s scientists had a clever power hack up their sleeves.
Farmers in Colorado can now repair their own tractors and combines. It wasn’t a question of ability, it was a question of the law.
Get ready for the ocean census. Organizers believe there’s more than 100,000 species to be discovered.
Our best wishes for a productive day. Send any news, comments, clever power hacks, and tractor manuals to email@example.com. Reader support makes Quartz available to all—become a member. Today’s Daily Brief was brought to you by Morgan Haefner.