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In recent news, Live Nation and Ticketmaster are facing an antitrust lawsuit in the U.S. The Department of Justice has been investigating allegations of ticket-selling monopolies since the Taylor Swift ticket controversy in late 2022. Tesla has shared new data on its Autopilot technology, claiming cars with Autopilot are 11 times safer than those without, although data comparisons have questioned the accuracy of this claim. Oreo maker Mondelēz has been fined $366 million by the European Union for limiting cross-border sales of its products. Additionally, Big Tech has pledged to eliminate as much carbon as the state of California, but this is only a fraction of what is needed to achieve net-zero emissions globally. The number of 401(k) millionaires has hit a record high due to increased contributions and a strong stock market.
In a significant development, Google’s parent company Alphabet is pursuing the acquisition of marketing software company HubSpot, valued at $30 billion, in what would be Google’s largest acquisition to date. This move is part of Google’s strategy to compete with Microsoft in the cloud applications market, where Google currently trails behind.
Boeing’s CFO, Brian West, spoke at a conference in New York City, acknowledging the ongoing financial challenges facing the company due to the continued issues with the 737 Max, which are expected to outweigh aircraft sales by 2024.
In the world of discoveries, astronomers have measured the spin of a black hole and found a planet with an incredibly short orbit around its sun. Crows have been found to count out loud, and a forecast projects an active hurricane season in 2024. Additionally, the fossil of a carnivorous worm was discovered in England.
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For any news, feedback, or comments, you can reach us at talk@qz.com. Today’s Daily Briefing was prepared by Morgan Haefner.
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