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Here’s what you need to know
Boeing plans to plead guilty for conspiring to defraud federal regulators. The beleaguered company will need to pay over $243 million for two deadly crashes involving its jetliners.
Eli Lilly wants to tackle digestive drugs next. The pharma giant is buying the drug-maker Morphic for roughly $3.2 billion to help make inflammatory bowel disease medications.
Microsoft thinks iPhones are the way to cybersecurity nirvana. The tech giant wants its staff in China to abandon Androids for the Apple-branded phones.
Wind is America’s biggest power source. For the first time ever, wind is overtaking coal as the nation’s leading electricity provider.
Nearly 1,400 flights were canceled because of Hurricane Beryl. The destructive storm made landfall in Texas on July 8.
Google is keeping its crown from ChatGPT
Just as online search engines took our curiosities from the shelves of libraries and onto computer screens, ChatGPT has indisputably reshaped how people across the globe seek answers to their questions.
Since its debut in 2022, OpenAI’s generative artificial intelligence chatbot ChatGPT has popularized AI. Similar chatbots from different companies were born: Anthropic’s Claude, Google’s Gemini, Microsoft’s CoPilot. Anyone who’s anyone in Silicon Valley has either invested in, developed, or integrated AI in their work.
But it appears that ChatGPT won’t be dethroning “classic” internet search engines — namely their king, Google Search — anytime soon. While analysts worried that generative AI would be Google Search’s undoing, quite the opposite has been true. Quartz’s Laura Bratton has more.
A modest $370,000 for their troubles
At least that’s what members of the legal team who quashed Elon Musk’s hopes of a $56 billion payday want from the eccentric CEO — per hour.
Should the 37 legal professionals — who represented a Tesla stockholder’s 2018 case against Musk — have their new (pricier) demands met, they’d get legal fees worth a cumulative $7.2 billion from the EV company. The legal team argued that they deserve such a large sum because of the “massive” returns Tesla and Musk have reaped over the years. A final ruling has yet to be determined, but once it is, Musk will only have a month to appeal it. Quartz’s Will Gavin has the story.
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Surprising discoveries
A NASA crew that went to Mars (in Texas) is free. The four-person team finally emerged from the Houston-based spacecraft after more than a year inside of a 1,700 square foot simulation.
There are two world UFO days. The day to celebrate flying alien objects is recognized on June 24 and July 2.
The U.S. berry market is worth almost $9 billion. Hopefully your strawberries are worth it, because berries cost 40% more than they did five years ago.
The feds are coming for off-brand Viagra sellers. A Florida vape shop mislabeled a bunch of the little blue pills.
Women are more than twice as likely as men to wear sunscreen. A lot of them are 75-year-olds who probably regret wearing baby oil in the 1980s.
The next intergenerational culture war is over socks. Hanes is selling a lot more above-the-ankle socks that have fallen into favor with younger generations, and trendy Quartz reporters like Laura Bratton and Francisco Velasquez can attest to the fad.
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Our best wishes on a safe start to the second week in July. Send any news, comments, UFO sightings, and above-the-ankle socks to talk@qz.com. Today’s Daily Brief was brought to you by Francisco Velasquez and Laura Bratton.