šŸŒ India signs $100 billion trade deal

Plus: Gold prices are coasting on fear.

Image for article titled šŸŒ India signs $100 billion trade deal
Photo: Amit Dave (Reuters)

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Hereā€™s what you need to know

India signed a $100 billion trade deal with four European countries. The agreement with Iceland, Liechtenstein, Norway, and Switzerland aims to create 1 million jobs in India over the next 15 years.

Gold is riding a wave of global uncertainty to record highs. The precious metal hit $2,165 a troy ounce in Friday trading, making for its highest close ever (more on that below).

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OpenAI reinstated CEO Sam Altman to its board of directors. The ChatGPT owner made the announcement Friday after an external review of the events that led to his firing and rehiring last November.

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Aramco made a $121 billion profit last year. The Saudi oil giantā€™s bottom line was lower than the record it hit in 2022 as energy prices dropped, but itā€™s still its second-highest earnings ever.

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The race to make the next Ozempic

Surging demand for Ozempic, Wegovy, and Zepbound medications have created a weight loss drug duopoly. Novo Nordisk and Eli Lilly currently dominate the market, but others want a slice of the success the two pharmaceutical companies are basking in.

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Drugmakers are racing to develop their own weight loss competitors. Weā€™ve rounded up six new drugs that companies are working on right now.


Gold prices are coasting on fear

Gold is weird. You canā€™t really do much with it, and itā€™s not the kind of commodity thatā€™s top-of-mind for many industries. But itā€™s shiny! And people have dug shiny stuff for centuries.

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Gold has come to serve as a sort of last-resort investment the world over. Fears about the strength and sovereignty of your countryā€™s currency? Gold. Having a hard time getting rich using your countryā€™s financial system? Gold. Facebook ads making a convincing case for a spot in your retirement portfolio? Gold.

Image for article titled šŸŒ India signs $100 billion trade deal
Graphic: Quartz
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Here are the fears that are fueling this latest uptick.


One big number: 60%

Share of bonuses for Boeing employees that will be tied to safety and quality metrics.

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In light of everything thatā€™s been going on in its commercial aviation division, the aircraft manufacturer is shifting the driver of bonuses for those workers from financial considerations to safety ones ā€” and it could solve a couple problems.


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7ļøāƒ£ Nvidia stock tumbled and Apple climbed in a ā€˜Magnificent Sevenā€™ shakeup

šŸ§  Eli Lillyā€™s new Alzheimerā€™s drug just hit an unexpected snag with the FDA

šŸ•µļø Microsoft says Russian hackers are trying to get into its source code

āš” GM is bringing back its electric Chevy Blazer ā€” with cheaper prices

ā˜€ļø The business of Daylight Saving Time, from golf to oil


Surprising discoveries

The number of inventors that are women is growing. Data from the U.S. Patent and Trademark Office show that growth was highest in chemistry inventions.

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A new star is about to drop. T Coronae Borealis will shine bright in the sky for about a week then fade back into darkness for another 80 years.

And a distant planet is about to boil over. An exoplanet in deep space could be covered completely by an ocean thatā€™s as hot as 100Ā°C (212Ā°F).

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SpaceX photobombed the Moon. The person who captured the moment won the top prize in Sonyā€™s World Photography Awards 2024.

ChatGPT is pretty good at recommending birthday presents. Itā€™s just one of the things you can actually use the AI text generator for in your daily life.

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Our best wishes for a productive day. Send any news, comments, star watching parties, and noodles to boil on the hot planet to talk@qz.com. Todayā€™s Daily Brief was brought to you by Melvin Backman and Morgan Haefner.