Good morning, Quartz readers!
In case you missed it—we’re lifting our paywall, making the vast majority of our journalism free for everyone to read! It’s all part of our mission to make business better.
Ukrainian soldiers at a Mariupol steel mill refused to surrender to Russian forces. Troops remain at the giant Azovstal steelworks despite an April 17 deadline set by the Russian military to surrender.
The Pope decried the “cruel and senseless” war in Ukraine during his Easter address. He also voiced concerns about the threat of nuclear war.
A judge ruled in favor of Tesla shareholders seeking billions of dollars in damages from Elon Musk’s tweet about taking Tesla private in 2018. A federal judge found any reasonable jury would find the Tesla CEO’s statements “misleading” as the case heads to trial.
Some 40% of US taxpayers were unaccounted for ahead of the April 18 filing deadline. The IRS said it had processed more than 103 million returns as of April 8. Last year, more than 169 million taxpayers filed returns.
Chinese ride-hailing giant DiDi will vote next month to delist from the New York Stock Exchange. The company said it will meet on May 23 to vote on delisting amid Beijing’s regulatory crackdown on big tech.
China’s 5.5% GDP target for 2022 is the least ambitious goal the country has had in three decades, but it’s already looking challenging in the face of ongoing lockdowns and the Russian invasion of Ukraine.
Tech hub Shenzhen underwent a one-week lockdown in March, while financial capital Shanghai is under an indefinite one that has slowed or halted production at firms including Tesla. Last month, French investment bank Natixis predicted the sharp reduction in mobility in China from lockdowns could shave off 1.8 percentage points from its first-quarter growth, due today.
The strongest warnings about China’s economy, however, are coming from premier Li Keqiang. Li said at a seminar last week that downward pressure on growth has intensified, and that local officials must move with “a sense of urgency” on stimulus measures such as infrastructure projects and tax reductions.
The alarm goes off, and you grab your phone to place a food order—carrots, chicken, greens, anything—using a delivery app. Within minutes, you get a message that all the day’s slots are booked. So you open another app and start again. And again. This is life in 2022 in China’s most sophisticated city. Our latest Weekend Brief tackles the difficulties of living in Shanghai during a lockdown. ✦ Members receive the Weekend Brief right in their inboxes—that could be you, for half the price! Use code MAKEBIZBETTER to take 50% off.
Twitter may now need to deal with more than one more potential acquirer. What started off as an amicable partnership after Elon Musk said he would be joining Twitter’s board has devolved into a hostile takeover attempt. Twitter has reportedly adopted a “poison pill” strategy to fend off the acquisition (Musk holds 9.2% of the social media company), but new suitors such as private equity firm Thoma Bravo and others could start a bidding war. Vanguard Group recently dethroned Musk as Twitter’s largest shareholder after increasing its stake to 10.3% of the company.
Here are our best stories from over the weekend.
✦ Love stories like these? Support our mission by becoming a member—use code MAKEBIZBETTER to take 50% off.
The New York Public Library is making banned books available to most readers. The new initiative allows readers 13 and older to access commonly banned books through NYPL’s app for free, even if they’re not members.
Popular computer fonts like Times New Roman have been blocked in Russia. The US company Monotype Imaging, owner of fonts including Arial and Helvetica, confirmed it blocked its font catalog for Russian users.
The key to being more than a one-hit-wonder may be novelty. New research by a Stanford psychologist examined the difference between Blind Melon’s one-hit-wonder “No Rain” and Shania Twain’s consistently successful music catalog.
Condors will return to northern California’s skies for the first time in over a century. The endangered bird will be reintroduced into the wild as part of an initiative led by the Yurok Tribe.
Gut bacteria have a direct line to animals’ brains. A study by the Institut Pasteur found evidence gut bacteria can modulate animals’ appetite and temperature through molecules in the bloodstream.
A new study offers hope to multiple sclerosis patients. US scientists found immune defenses known T-cells appear to stop or even reverse MS symptoms according to a small study of MS patients’ brains.
Our best wishes for a productive day. Send any news, comments, condor sightings, and pop music hits 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 Jane Li, Courtney Vinopal, and Michael Coren.