🌍 Novo Nordisk’s heart bet

Plus: Boeing without Calhoun.

Image for article titled 🌍 Novo Nordisk’s heart bet
Photo: Tom Little (Reuters)

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Here’s what you need to know

Novo Nordisk’s latest bet is on heart treatments. The Danish drugmaker is buying Germany’s 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.

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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.

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Nelson Peltz says the fight he’s waging against Bob Iger isn’t about Bob Iger. Instead, his firm says its months-long proxy battle is with Disney’s board of directors.

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A detained Binance exec reportedly escaped Nigerian authorities with a fake passport. No, that isn’t 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 (here’s his resignation letter in full).

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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 deal’s still on — but he won’t have much say over the matter for much longer.


Charted: Sam Altman’s Reddit windfall

One of the biggest benefactors from Reddit’s smash IPO last week? None other than Sam Altman.

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The OpenAI CEO isn’t just a fan of the newly-public social platform (although he’s written before about how he used the site daily for nearly a decade). He’s also a major investor in it.

Image for article titled 🌍 Novo Nordisk’s heart bet
Graphic: Quartz
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If you think his $30 million windfall is impressive, look at how much that goes up when you take into account the stake that Altman’s companies also have in Reddit.


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🎭 The rise and fall of Sam Bankman-Fried, from crypto stardom to a prison sentence

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🍕 California fast food joints are laying off workers before a new law hikes pay

🚫 Intel stock is slipping because China wants to ban Intel chips from its computers

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🐔 Chick-fil-A says it’s going back to antibiotics in chicken, after all

🥽 Apple’s Vision Pro headset is coming to China, Tim Cook says

🔎 The EU is investigating Apple, Google, and Facebook under a sweeping new tech law

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Surprising discoveries

Beloved ketchup maker Kraft Heinz is going green — but thankfully not in color. Don’t worry, those days are over, at least for now.

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Trader Joe’s didn’t raise the price of its bananas for 20 years. At least until this week.

Dallas is seeking public infrastructure that’s less lonely. A new design competition aims to revamp a 1970’s square into a more welcoming place.

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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. Broadcom’s CEO Hock Tan got a $161 million stock award that could cross that threshold if the company’s stock keeps surging.

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