🌎The headset that isn't

Plus: Crypto funding is drying up like lakes!
🌎The headset that isn't

Here’s what you need to know

Apple announced its $3,500 Vision Pro, due out next year.  But the company would rather not call it a “headset—or, for that matter, say it is for “virtual reality” or the “metaverse.”

US regulators are suing Binance. The SEC is accusing the world’s largest crypto exchange by volume of selling unregistered securities in the US.

Oklahoma greenlit the first taxpayer-funded religious school in the US. The state’s attorney general called the newly approved St. Isidore of Seville Catholic Virtual School unconstitutional.

Mike Pence threw his hat into the 2024 presidential race. Donald Trump’s vice president filed his candidacy paperwork, and will formally launch his bid at a rally in Iowa on Wednesday.

Crypto VC funding has all but dried up

Fundraising for the cryptocurrency world has slowed to a crawl in the first half of this year. Julia Malleck explains why, in non-cryptic fashion.

Image for article titled 🌎The headset that isn't
Graphic: Julia Malleck

One big number: 40%

Apologies if you’re reading this over breakfast, but the US Centers for Disease Control and Prevention said last week that around 40% of food poisoning cases with a known cause can be traced back to restaurant workers showing up sick.

One way to majorly reduce this number is to provide the folks who make your food with paid sick leave. Annalisa Merelli gets to the meat of the problem.

🤢 Bonus tip: Another way to avoid a debilitating stomach illness is to not go on a cruise.

Spotify’s podcast journey, by the digits

$1 billion: Spotify’s reported investments in podcast production and development, from 2019-2022

$461 million: Net loss reported by Spotify last year due to production costs, despite adding 83 million users

<2%: Share of Spotify’s total 2021 revenue that can be attributed to podcasts

200: Number of employees being laid off from Spotify’s podcast division. Read more about how the changing podcast landscape is affecting even the US’s top podcast publisher

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Surprising discoveries

Japanese seaweed is drying up.... Bad weather and an algae bloom are taking a record-setting toll on the nori industry, which will raise consumer prices on Japanese cuisine and groceries.

… And so is Gatun Lake. You may not recognize the name, but its dropping water levels do not spell good news for the Panama Canal—and thus the global economy.

So it’s a good thing French public television is giving its weather forecasts some climate context. France Télévisions figures it’s time to turn “Today will be a real scorcher!” into “Today will be a real scorcher, and here’s why.”

Making memes could improve your grades. It’s worth a shot, anyway.

Hayao Miyazaki’s final film will drop with no trailers or promotion. You’ll have to just take the Studio Ghibli movie on faith.

Our best wishes for a productive day. Send any news, comments, Miyazaki sneak peeks, and forecasts of hope to talk@qz.com. Reader support makes Quartz available to all—become a member. Today’s Daily Brief was brought to you by Susan Howson and Samanth Subramanian.