Deputy email editor
Good morning, Quartz readers!
Here’s what you need to know
A proposed EU oil ban failed, again. The bloc couldn’t agree on terms of the embargo, but will work on the package ahead of a summit of EU leaders in Brussels today.
US vice president Kamala Harris called for an assault weapons ban. She made the remarks after speaking at the funeral of the oldest person killed in the May 14 grocery store shooting in Buffalo, New York.
Trade talks between China and Switzerland have stalled. Swiss newspapers reported that Beijing’s human rights record is holding up negotiations.
The UK’s new High Potential Individual visa is expected to go live today. The program aims to give British businesses access to an influx of skilled young workers.
Pakistan can’t access the global bond market. The government said it needs an agreement with the IMF to help it finance some $37 billion for its fiscal year starting in June.
What to watch for
Americans took to the road over the Memorial Day weekend, despite record-high gas prices. When the American Automobile Association releases data about how Americans traveled over the holiday, it’ll be a gauge of both people’s waning pandemic fears and their willingness to spend despite high inflation.
Gas prices are way up both because of the war in Ukraine and because of pandemic-related production disruptions. Would electric cars make travel by car a more economic option? Not necessarily. High gas prices are unlikely to push people to switch to electric cars en masse. Besides, prices for e-vehicles are up too, reducing the likelihood that people ditch gas.
It’s not a good time for the food industry
Cracks in the global supply chain, exacerbated by the war in Ukraine, inflation, and climate change, have led prices for foods like wheat to skyrocket. In the US, wheat prices are up 48% year to date. That’s bad news for US restaurants where bread shows up on 62% of menus.
And it’s not just wheat. Here’s a reading list of other food shocks and shortages:
✦ Love stories like these? Support our journalism by becoming a member today.
funny films win awards?
The Palme d’or (Golden Palm) is the highest prize awarded at the Cannes Film Festival. This year’s edition concluded Saturday with the top prize going to Swedish director Ruben Östlund for his satirical comedy Triangle of Sadness. In the movie, a cruise ship for the super-rich sinks, leaving a handful of survivors—social media influencers, a couple who got rich making hand grenades and an app developer among them—trapped on an island. It’s the second Palme d’or for the Swedish director.
The award has been given out since 1955 with the highest number going to the US (13), host country France (7) and Italy (5). Only two women have ever won the award.
Comedies are somewhat unusual among Cannes winners—those awards usually go to dramas—but when comedies do win, one thing is clear: they’re either dark or satirical (or both).
Quartz’s most popular
Traffic jams are just a math problem. The average driver spends three days a year stuck in traffic, but an Israeli AI firm says it doesn’t have to be that way.
Don’t follow the water. When it comes to searching for alien life, astrobiologists say we’re limiting ourselves by looking only for life that mirrors our own.
Out of sight, out of mind? When people do trade in their gas-guzzlers for cleaner alternatives, the old, dirty cars tend to end up in Eastern Europe, Africa, and South America.
The struggle to feed newborns has been around for millennia. Archeologists have found young babies buried with horn-shaped feeding bottles dating back 6,000 years.
Someone buys a bottle of Chanel No. 5 every 30 seconds. At least that’s what the French government claims. Learn how the perfume became “the monster” of the business in this week’s episode of the Quartz Obsession podcast.
Our best wishes for a productive day. Send any news, comments, tips for avoiding traffic, and the name of your first car to email@example.com. Reader support makes Quartz available to all—become a member. Today’s Daily Brief was brought to you by Ciku Kimeria, Francesca Donner, and Morgan Haefner.
- FOUL PLAYPotential pipeline sabotage could extend Europe’s gas crisis by yearsQuartz • September 28, 2022
- MESSAGE DELIVEREDWall Street bigwigs face $1.8 billion in fines over texts and WhatsApp messagesQuartz • September 28, 2022
- GAME ONThis game will show you just how foolish it is to sell stocks right nowQuartz • August 26, 2015
- on the menuRestaurant menu screens are looking at you to decide what you might want to eatQuartz • September 27, 2022
- 👀The unnervingly specific holiday greetings of the Australian Bureau of StatisticsQuartz • September 26, 2022
- IN PLANE SIGHTBiden's plan to eliminate hidden airline fees is taking flightQuartz • September 27, 2022
- THANKS FOR LISTENINGThe Steve Jobs emails that show how to win a hard-nosed negotiationQuartz • May 22, 2013
- just do it onlineNike is minting money in the metaverseQuartz • September 28, 2022