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Junk Food, Internet and Blacklists

If you had to pick: Junk Food or Uncensored internet?

Junk food is an addictive money maker,

the internet is at the mercy of the Supreme Court,

and the economic warfare rages on.

Let's jump in 🤾‍♂️

BIG PICTURE 🌎

The US added 37 Chinese companies to its trade blacklist. The move will make it harder for those entities to access US goods, and is likely to increase tensions between Washington and Beijing. (RT)
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Nordstrom is exiting Canada. The US retailer is closing down 13 locations and expects 2,300 people to lose their jobs.

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Foxconn plans a $700 million plant in India to ramp up iPhone production. (BBG)

🧿 One of our Five Themes we published last week. We think India will absorb a lot of global business outflow from China.

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Silvergate Capital, a publically traded crypto bank just reached an all time low amidst investigations into capital controls and dealings. (QZ)

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TRENDS

Big food brands are struggling to kick a junk food addiction. (BBG)
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Internet freedom is at risk: Last week the Supreme Court heard arguments in the case of Gonzalez v. Google and Twitter v. Taamneh. Broadly speaking, the plaintiffs want social media companies held responsible for content posted on their sites.

Under a 1996 law – specifically Section 230 of the Communications Decency Act – service providers and publishers can’t be sued as a result of content shared by users. With these cases, the Supreme Court is considering that premise for the first time. Here’s more from both sides. (TF)

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DIGITAL ASSETS ⚡️

Silvergate Capital, a publicly traded crypto bank just reached an all time low amidst investigations into capital controls and dealings.

The crypto bank’s stock, which has plummeted from an all-time high of $220 in 2021, just reached an all-time low of less than $8. Why? Well, it doesn’t help that the US Department of Justice may be investigating its dealings with a house it probably shouldn’t have gotten mixed up with. (QZ)

Chart Du Jour 👨🏻‍🍳

Meme Digestif ☕️

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