Autonomy🪬: Bieber Sells

🌞GM🌞

Recession special this morning. No one knows if one is coming or not— mixed signals 🚦

Business 💼

Justin Bieber sells songs rights for $200m (BBC)

Autonomous Note 🪬: Artists can sell their intellectual property (IP) in various ways. Artists (JT, Bon Dylan) have done this lately for sums that I humbly think are too low. Music is forever. 

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Rupert Murdoch called off a merger between Fox and News Corp. The media mogul finally accepted the deal would not bring value to shareholders. (NYT)

Autonomous Note🪬: Proof is in the pudding. No value, no merger… unless there was regulatory fear, which makes sense given how US regulators are actively going after monopolies. 

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Economy 🧮

Predicting a recession this economic cycle is proving to be more confounding than ever. Sectors such as manufacturing, housing and technology are probably already in recession, while industrial and construction employment remains elevated.

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A US senator called on regulators to probe the egg industry for price gouging. Senator Jack Reed (D-R.I.) wants to know why egg prices are so high. 🍳 (AP)

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Trends 🕺🏻

Big Tech layoffs are hitting diversity and inclusion jobs hard. (BBG)

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The US sued Google (again). The Justice Department and several states accused the tech giant of abusing its dominance in digital advertising. (QZ)

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Amazon will offer a $5/month subscription plan for US Prime members that will cover generic drugs and their doorstep delivery (RT)

Meme Digestif ☕️

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