Good morning, Quartz readers!
Here’s what you need to know
Derek Chauvin was found guilty of the murder of George Floyd. The former Minneapolis police officer awaits sentencing for all three counts.
India’s hospital beds are in desperately short supply. With the Covid crisis continuing to escalate, Indians are resorting to connections and clout to get ICU treatment, while the banking system is set to struggle further.
Soccer’s controversial European Super League fell apart. All six English teams withdrew last night; the league would have had a US-style financial structure, with wage caps and revenue-sharing, the FT reports.
Xi Jinping is attending Joe Biden’s climate summit tomorrow. It will be the first meeting between the Chinese and US leaders since Biden took office.
Netflix shares fell as people chill outside. The company was well short of its goal of 210 million subscribers, but beat first-quarter earnings predictions by a dollar a share.
What to watch for
The Shanghai Auto Show’s opening day offers two glimpses into the future: Its hundreds of booths depict an automotive world defined by electric vehicles and self-driving technology, and the show itself is an example of the large-scale in-person events that have returned in China.
It’s just as interesting by the numbers:
$4,230: The sticker price of the Hongguang Mini, China’s best-selling EV last year after the Tesla Model 3
605: The range in kilometers of BYD’s Han, named after China’s eponymous dynasty
3: Separate firms, Alibaba, SAIC, and Zhangjiang Hi-Tech Group, that collaborated to create the Zhiji IM Airo Concept vehicle.
33: Sensors on the Nio ET7’s autonomous driving model
10%: EV car sales in China during March, a first
2023: The year by which Xpeng predicts the EV market will enter a phase of rapid expansion
$87 billion: XPeng’s market value, which has been helped as of late by enthusiastic investors and grand promises it will soon produce 1 million electric cars a year, despite the fact that it has never delivered a single vehicle.
Charting data security trust in India
The Indian government’s track record with data security is abysmal, yet citizens have a lot of trust in it.
According to a YouGov online survey, as many as 35% of urban Indian respondents said they trusted government departments the most with the safety of their personal data. In comparison, just 14% said they trusted e-commerce sites, while only 7% have faith in social media platforms, writes Niharika Sharma.
A new era for amateur stock traders
It’s not just GameStop—retail trade is booming. With fewer barriers to entry and more time and cash on hand, a slew of non-professional traders are betting on the stock market. But some worry that the volatility they’re causing is bad news in the long run. Get into this and more in our most recent presentation: The retail trading boom and why it matters.
✦ Whether you’ve made enough to retire from crypto and IPOs, or the first portion of this sentence was gibberish to you, a Quartz membership can help you make sense of the market. Try it for free!
🎮Why Amazon keeps failing at video games
🚴Why it’s so hard to get a new bike right now
💼How to manage up and across in the workplace
💻Boris Johnson’s canceled India trip is a reminder that statecraft is impossible over Zoom
🚘Tesla stole the spotlight at China’s premier auto show for all the wrong reasons
Venmo will let you buy and sell crypto. You won’t be able to use bitcoin to pay your friend back for 🍕 just yet, though.
Reddit’s got a new audio feature. The social media industry is taking Clubhouse very seriously.
There’s a new power washing simulator. It’s as satisfying, if not more so, as popping virtual bubble wrap.
The Swiss blew up a snowman. OK, the pitchfork-wielding Boeoegg is destroyed with fireworks every year, but only this year did he meet his end on Devil’s Bridge.
Amazon is getting into barbering. Londoners can try out new looks with augmented reality, commit to them with real-life stylists, and, of course, order products instantly.
Our best wishes for a productive day. Please send any news, comments, dirty houses, and Amazon haircut appointment requests to firstname.lastname@example.org. Get the most out of Quartz by downloading our iOS app and becoming a member. Today’s Daily Brief was brought to you by Hasit Shah, Mary Hui, Tripti Lahiri, Nicolás Rivero, Jordan Lebeau, and Susan Howson.