Good morning, Quartz readers!
HERE’S WHAT YOU NEED TO KNOW
Donald Trump’s tax plan has top-heavy benefits. The Republican candidate would have the top 5% of U.S. households paying less and everyone else paying more.
Elon Musk likes those odds. He rallied with Trump on Saturday at the site of the former president’s near-assassination.
Panera settled a lawsuit over its “charged” lemonade. Still, it’s not the last of the litigation linked to the caffeine-boosted beverage.
The oil industry likes one aspect of Joe Biden’s energy policy. No matter who wins in November, Big Oil wants to keep the Inflation Reduction Act’s carbon capture research subsidies.
Boeing returned to the bargaining table with its striking machinists. The impact work stoppage is compared by some to that of Hurricane Helene.
Is Bitcoin’s final boss about to be revealed?
A new HBO documentary teases that it may have solved one of the biggest mysteries in the world of cryptocurrency. Money Electric: The Bitcoin Mystery suggests that it will finally unveil the true identity of Satoshi Nakamoto.
The director behind the film, Cullen Hoback, also de-anonymized the leader of the Q Anon conspiracy movement. He promises that a specific name will be exposed for the nom-de-chain of Bitcoin’s inventor as well.
Will one of the biggest figures in cryptocurrency become a little less cryptic? Quartz’s Vinamrata Chaturvedi breaks down what we know about Money Electric.
Giving away free food costs eventually somebody
It turns out that all-you-can-eat shrimp is not a good idea for a seafood restaurant chain. New Red Lobster CEO Damola Adamolekun castigated the idea behind the erstwhile promotion, calling it a “big mistake.”
Between the huge wait times it created and the “chaos” it unleashed on the company’s kitchens, nothing about it made sense, he said in a recent interview. Now, he wants to put his company’s past behind it and focus on its “tremendous future.”
Quartz’s Francisco Velasquez cracks open the Red Lobster leader’s comments and explains how they track with a formerly bankrupt business trying to stage a comeback.
MORE FROM QUARTZ
🏡 A Hamptons home and Beverly Hills bungalow are among this week’s most fabulous real estate listings
💸 The Supreme Court won’t let Martin Skhreli appeal his nearly $65 million fine
🛻 You definitely, for sure don’t have to worry about Geico canceling your Cybertruck insurance policy
📈 Goldman Sachs thinks the S&P 500 could still rise another 5% this year
🍽️ JetBlue is freezing out non-premium transatlantic fares from hot food service
🪙 Sui, Aptos, Popcat, and more cryptocurrencies to watch this week
SURPRISING DISCOVERIES
Hurricane Milton became one of the most powerful storms in history almost overnight. It went from tropical storm to category 5 in just over 24 hours.
People are sleepwalking into the latest trends. Pajama bottoms are rapidly becoming a part of mainstream, everyday wardrobes. (paywall)
Businessmen in 16th century Venice didn’t want anybody to know their business. The city-state had a booming industry of cryptology.
American restaurants are seeing red. Hibiscus shows up on 1 in 10 U.S. dining menus.
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Our best wishes on a safe start to the day. Send any news, comments, Satoshi Nakamoto name guesses, and hibiscus recipes to talk@qz.com. Today’s Daily Brief was brought to you by Melvin Backman and Sarah Douglass.