🌍 Trump Media stock shock

Plus: Boeing’s 1.5 billionth reason.

Image for article titled 🌍 Trump Media stock shock
Illustration: Anna Barclay (Getty Images)

Good morning, Quartz readers!


Here’s what you need to know

Trump Media shares fell below a key level for the first time. Investors don’t want to be on the rump end of the presidential candidate’s post-lockup stock dump.

OpenAI is toying with changing its not-for-profit status. We’ll give you one guess as to which of those three words it wants to drop.

Advertisement

The Ozempic shortage is getting worse. Novo Nordisk says that amid capacity constraints, the supply situation has deteriorated.

Advertisement

HP still wants its money back from a dead billionaire. The computer company is pursuing a $4 billion claim against the late Mike Lynch’s estate.

Advertisement

A $100,000 Bitcoin is probably not happening. Experts think the “halving” might make it too hard for the cryptocurrency to continue rallying.


Why did Brazil x-out X?

Over the weekend, Brazil began blocking its citizens’ access to Elon Musk’s X social media platform.

Advertisement

The action is the latest consequence of Musk’s distaste for Brazil’s investigation. His companies have been accused of obstructing justice as the country tries to get to the bottom of a 2022 coup attempt.

Quartz’s William Gavin broke down why relations between Brazil’s Supreme Court and one of the wealthiest people in the world have gotten so frosty lately.

Advertisement

One big number: $1.5 billion

A Jeffries analyst thinks that Boeing’s acquiescing to its machinists’ demand for a 40% raise could cost it $1.5 billion.

Advertisement

However, the machinists have said they are more than happy to go on strike to get what they want.

Quartz’s Melvin Backman explains what’s feeding into the stakes behind an upcoming contract vote that Boeing management is desperately hoping goes its way.

Advertisement

More from Quartz

A James Bond watch, a Rolling Stones set list, and other big-ticket items hitting auction blocks this week

Advertisement

🪧 More than 9,000 hotel workers are on strike in the U.S.

🛩 Southwest Airlines just reached a new stage in its showdown with Elliott Management

Advertisement

🍻 Americans bought a lot less booze this summer

📽️ TikTok is boosting sales at movie box offices 


Surprising discoveries

A lost bronze statue onboard the sunken Titanic was found. “Diana of Versaille” was last seen in 1986.

Advertisement

The biggest winner of the U.S. Open is a $10 million cocktail. Honey Deuce sales are expected to surpass the prize money for this year’s winners.

The 9-to-5 traffic rush is now the 10-to-4 rush. Dolly Parton, it’s time for a rewrite.

Advertisement

People are so curious about whether their plastic is actually being recycled that they’re using AirTags to track it. Unsurprisingly, the plastic is not being recycled.

“Maybe It’s Maybelline” is back. Was it gone?


Did you know we have two premium weekend emails, too? One gives you analysis on the week’s 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!

Advertisement

Our best wishes on a safe start to the day. Send any news, comments, waterlogged statues, and plastic journeys to talk@qz.com. Today’s Daily Brief was brought to you by Melvin Backman and Morgan Haefner.