🌎 Twitter faces the music

Plus: Why the Fed hit skip

Twitter owner Elon Musk
Photo: Ludovic Marin/Pool via REUTERS (Reuters)

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Music publishers are suing Twitter over copyright infringement. They seek $250 million in damages from violations affecting 1,700 songs.

Google is making money from ads for fake abortion clinics. The search engine giant minted more than $10 million from ads seeking to mislead people looking to get an abortion.

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Apple is standing in the way of Jack Dorsey’s new messaging app. Damus says Apple could remove it from the App Store within 14 days because an in-app payment feature violates Apple’s terms and conditions.

The US Federal Reserve hit “skip.” No rate hikes were implemented this month, but that doesn’t mean they’re over—in fact, that’s why it’s called a skip.

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Paris is trying to get its Olympics LVMH-branded. But if a partnership happens, it might not involve some of the brands in the French luxury goods company’s portfolio.


In India, stocks of a 77-year-old tire company are higher than Google’s

Maybe MRF is a new name to you, but it just became the first stock on India’s exchanges to hit a record 100,000 Indian rupees ($1,220), eclipsing some of the world’s biggest brands.

Image for article titled 🌎 Twitter faces the music
Graphic: Mimansa Verma

MRF started as a small toy balloon manufacturing unit in 1946, and has since grown into a prominent tire maker with more expensive stock than Google, Apple, Amazon, and even the global tire giant Goodyear. We looked into why.

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Samsung will try a four-day work week—once a month

1,910: Annual hours worked by a South Korean worker on average in 2021, ranking them among the world’s most overworked.

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Pressured by its labor union, Samsung is letting its workers take off one Friday each month. It’s the latest move the tech giant has taken to loosen its military-style corporate culture, and it’s not the first South Korean company to try out the setup. But as interest explodes, can the four-day work week live up to its hype?


The Russian Davos may be the world’s least attended event

To gauge Russia’s standing in the international business community, look no further than the 26th edition of the St. Petersburg International Economic Forum.

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Attendance at the Kremlin’s flagship finance summit, which kicked off yesterday, already plummeted in 2022, after Russia invaded Ukraine. It’s looking even sparser this year. International leaders have snubbed Vladimir Putin’s invites, and others have outright boycotted the event. Read about what to expect—and who you won’t see—at this year’s SPIEF.


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Starbucks was ordered to pay $25 million to an ex-manager who claimed she was fired for being white

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🔍 What Twitter’s new CEO was really saying in her memo to staff

🚘 Nasdaq is officially dropping Rivian for an auto industry chip maker

🔮 The Fed now predicts a soft landing and no recession

👟 This is what actually happens to the most common things you throw away


Surprising discoveries

The US has a new best-selling beer. It overtook Bud Light, it’s a supporter of LGBTQ rights, and it wasn’t even among the top 10 best sellers a decade ago.

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Hire Goldman Sachs’ CEO for your next party. David Solomon’s side gig as a DJ is spinning up some controversy among bank leaders.

Monday really is the worst day for heart attacks. The start of the work week isn’t entirely to blame, but it’s not not to blame.

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The US approved the first over-the-counter gel for erectile dysfunction. The gel treatment has been found to work similarly to prescription pills.

A black bear was hanging out in the waves at a Florida beach. Look, everyone needs a vacation, especially when the water’s just right.

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