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IKEA prices are coming down. The Swedish budget furniture retailer pointed to cooling inflation and the declining cost of raw materials as key drivers of the markdowns.
Japanese automakers are having a tough go of it in China. Nissan and Honda are planning on reducing their presence in China as local rivals surge ahead in the EV race.
Giga Berlin is back. Production is resuming at the German Tesla factory just shy of a week after an arson attack on a nearby electricity transmission tower cut off its power.
Boeingās bad days keep coming. In a recent safety audit of the planemaker, the Federal Aviation Administration found that dish soap and hotel key cards were used on parts of Boeing planes.
A need for EV speed
The Chinese tech giant Xiaomi may be best known for its smartphones, but it wants to be known for another thing: outracing a Tesla.
The company said itāll start selling its electric SU7 four-door sedan in China for a currently undisclosed price on March 28. That news sent Xiaomiās shares soaring as investors geared up for a vehicle that is expected to accelerate faster than Tesla and Porscheās respective EV offerings.
But will Xiaomi end up succeeding where Apple failed? For now, the market is buckling up for a speedy ride.
You know whoās about to make a whole lot of money in the Reddit IPO?
Sam Altman, thatās who.
Reddit and its shareholders are looking to offer 15 million shares for between $31 and $34 per share. At that share price, Altmanās stake in Reddit ā who is the companyās third-largest shareholder ā could be worth between $51.4 million and $56.4 million.
āAmycretinā is a name youāre going to hear a lot
By now, Ozempic and Wegovy have become part of the average personās lexicon āand another weight loss drug is about to join them.
Danish pharma giant Novo Nordisk and maker of Ozempic and Wegovy teased promising early-stage trial results of its experimental weight loss pill amycretin last week.
How is amycretin different from Wegovy? How effective is it? And why are investors so excited? We answered these questions and more for you.
More from Quartz
šŗ Frontier Airlinesā new flight perk lets passengers sit next to an empty seat
š¬ Tesla, Ford, and Mercedes all flunked safety tests for their driver-assist tech
š«§ The AI frenzy is a ābubble within a bubble,ā a top investor says
š Itās not just Bitcoin: 5 āaltcoinsā riding the cryptocurrency wave
š Jamie Dimon says the recession heās been predicting could still happen
āļø A mysterious United Airlines āmaintenance incidentā was its 6th problem flight in a week
Surprising discoveries
Cars may be reporting driving data into insurance companies. All that unsecured data is likely being used to generate premiums.
A 2.9-ton pallet of used batteries has been tumbling uncontrolled toward Earth since March 2021. It finally made its re-entry over the Gulf of Mexico.Ā
Irish coffee was created in an airport. Weary travelers back in 1943 were in for a sweet treat.
Climate change will make bananas more expensive. And the World Banana Forum met in Rome yesterday to talk about it.
Males are bigger than females in fewer than half of mammal species. Sexual size dimorphism is actually much more complicated than most think.
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Our best wishes for a productive day. Send any news, comments, three years to bop around space, and your best take on Irish coffee to talk@qz.com. Todayās Daily Brief was brought to you by Morgan Haefner.