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Hi, Quartz members!
You come back from Labor Day weekend at the beach or the lake to find itās just business as usual. Elon Musk is duking it out with Brazilās Supreme Court, Goldman Sachs sees economic upside in Kamala Harris, U.S. Steel may be blocked from a rescue by Japanās largest steelworks, Google gears up for new scrutiny of its advertising dominance ā and Japanese mathematicians are obsessed with a special brand of chalk.Ā
Here are some of our favorite Quartz reads from the past week to set you up for the week ahead. Happy reading!
5 things we especially liked on Quartz
š Will Trump dump? The six-month lockup period that requires Donald Trump to hold on to his shares in Trump Media and Technology Group is about to expire. Will The Donald cash out? Can he find a buyer? The company, which goes by the ticker symbol DJT, is worth less than half of what it was when it debuted on the Nasdaq in March, and barely a fourth of its peak two weeks later. Rocio Fabbro has the numbers.
š°Goldman Sachs on Harris. The worldās most profitable bank says a Kamala Harris presidency would add up to 30,000 more jobs a month than a Trump presidency, which it says would likely cut growth by a half-a-percentage point in 2025. But Goldmanās biggest fears: Trumpās pledge to impose 50% tariffs on China, and tax cuts that it says would add three times as much debt as Harrisā program. William Gavin has the details.
š“ Late-life weight loss. A new pharma company is developing a weight loss drug for older adults that could also slow the aging process. BioAge has filed to go public and its top drug is azelaprag, a pill that mimics apelin, a peptide that released during exercise and that decreases with age. Bruce Gil has more on the latest insight into the biology of human aging.
āļø Boeingās labor blues. It isnāt easy being Boeing. Doors falling off of planes, astronauts lost in space. Now Americaās largest plane maker is facing the threat of a strike. With its contract expiring, the union representing 30,000 Boeing assembly line workers wants a 40% raise. Melvin Backman has the flight plan.
š°The Great American Crypto-freeze: Has Bitcoin stalled out after its surge earlier this year? Even the bulls are saying Bitcoin is unlikely to hit $100,000 in 2024. Why? Vinamrata Chaturvedi explains that as Bitcoin matures, it is becoming more susceptible to the influences of global market dynamics and economic factors.
1 sneak peek
With crypto theft and scams on the rise, investors are searching for ways to protect their digital assets and prevent financial loss. One solution: cryptoinsurance contracts. Visit qz.com on Monday morning for the story.
šļø What to watch for this week
Hereās what our newsroom will be keeping an eye on:
- Monday: Oracle releases earnings; New York Fashion Week runs through Wednesday; Wholesale inventories and consumer credit reports are released, offering early insights into business stockpiles and consumer borrowing trends; The Goldman Sachs Communacopia & Technology Conference opens in San Francisco.
- Tuesday: Kamala Harris v. Donald Trump in their first presidential debate; GameStop earnings.
- Wednesday: Nvidia CEO Jensen Huang holds a fireside chat at the Goldman Communacopia and Technology Conference; Adobe and Kroger release earnings; Consumer Price Index (CPI) data will be unveiled, shaping expectations around the Federal Reserveās monetary policy.
- Thursday: Oprah interviews OpenAI boss Sam Altman; Consumer Price Index and initial jobless claimsĀ numbers are released.
- Friday: Import Price Index for August and the preliminary Consumer Sentiment Report for September.
Thanks for reading! Hereās to the week ahead, and donāt hesitate to reach out with comments, questions, feedback, and your thoughts on the Trump v. Harris debate. Sunday Reads was brought to you by Peter Green, Audrey McNamara, and Morgan Haefner.