Good morning, Quartz readers!
Hereās what you need to know
Novo Nordiskās latest bet is on heart treatments. The Danish drugmaker is buying Germanyās Cardior Pharmaceuticals in a $1.1 billion deal.
Saudi Arabia is investing more in EV startup Lucid. The oil-rich country is looking to cash in on the renewed interest in cleaner car alternatives, namely electric vehicles. In other electric news, Nissan wants to launch 16 EVs in three years.
Bitcoin is back up. The cryptocurrency broke $69,000 yesterday, rebounding from a week of price correction as miners gear up for the approaching halving event.
Nelson Peltz says the fight heās waging against Bob Iger isnāt about Bob Iger. Instead, his firm says its months-long proxy battle is with Disneyās board of directors.
A detained Binance exec reportedly escaped Nigerian authorities with a fake passport. No, that isnāt the script of an upcoming crypto-crime thriller.
Boeing without Calhoun
As Boeing navigates the fallout from a near-disastrous incident involving a 737 Max jet earlier this year and other safety issues it revealed, it will do so without its CEO Dave Calhoun (hereās his resignation letter in full).
Boeing stock may have bumped up a bit yesterday on the news, but a lot of questions still swirled, one of them being whether the planemaker would go through with its plan to acquire its embattled fuselage supplier Spirit AeroSystems. Calhoun said the dealās still on ā but he wonāt have much say over the matter for much longer.
Charted: Sam Altmanās Reddit windfall
One of the biggest benefactors from Redditās smash IPO last week? None other than Sam Altman.
The OpenAI CEO isnāt just a fan of the newly-public social platform (although heās written before about how he used the site daily for nearly a decade). Heās also a major investor in it.
If you think his $30 million windfall is impressive, look at how much that goes up when you take into account the stake that Altmanās companies also have in Reddit.
More from Quartz
š The rise and fall of Sam Bankman-Fried, from crypto stardom to a prison sentence
š California fast food joints are laying off workers before a new law hikes pay
š« Intel stock is slipping because China wants to ban Intel chips from its computers
š Chick-fil-A says itās going back to antibiotics in chicken, after all
š„½ Appleās Vision Pro headset is coming to China, Tim Cook says
š The EU is investigating Apple, Google, and Facebook under a sweeping new tech law
Surprising discoveries
Beloved ketchup maker Kraft Heinz is going green ā but thankfully not in color. Donāt worry, those days are over, at least for now.
Trader Joeās didnāt raise the price of its bananas for 20 years. At least until this week.
Dallas is seeking public infrastructure thatās less lonely. A new design competition aims to revamp a 1970ās square into a more welcoming place.
More than 4,400 brains dug up by archeologists are being studied for clues on mental illness. Interestingly enough, brains are quick to liquify postmortem!
Behold: the $1 billion paycheck. Broadcomās CEO Hock Tan got a $161 million stock award that could cross that threshold if the companyās stock keeps surging.
Did you know we have two premium weekend emails, too? One gives you analysis on the weekās news, and one provides the best reads from Quartz and elsewhere to get your week started right. Become a member or give membership as a gift!
Our best wishes for a productive day. Send any news, comments, green ketchup, and the last $0.19 bananas to talk@qz.com. Todayās Daily Brief was brought to you by Morgan Haefner.