đ Binanceâs bad day
Good morning, Quartz readers!
Hereâs what you need to know
US regulators sued Binance. The crypto exchange was accused of encouraging customers to buy unregistered commodities, an allegation that knocked the price of bitcoin.
Lebanon backtracked its plans to delay daylight saving time. The population of 6.7 million people were confused as to when to report to work and school.
BioNTechâs revenue dropped as demand for covid shots fizzled. The German biotech company is investing its pandemic windfall into developing oncology products.
Remote work is still very much a thing. Tell us how your company prioritizes Those Who WFH (TWWFH?) by April 14, and maybe itâll end up on our 2023 list of Quartzâs Best Companies for Remote Workers.
Can a billionaire die without anyone noticing?
Something strange happened on Feb. 28, 2023: A deposit of $7 billion was posted by the US Treasury in the category of âestate and giftâ taxes, the highest collection of that kind of tax since at least 2005.
The mystery in US tax data suggests that at least one super-wealthy individual flew under the radar until the very end.
Thereâs about to be a lot more diabetes diagnoses
800 million: Number of people in the world who will have diabetes by 2045, up from more than 500 million today
Diabetes is one of the fastest-growing diseases in the worldâand the market for diabetes drugs is projected to spike even faster, nearly doubling in the next decade. Quartzâs Annalisa Merelli explains how more diabetes diagnoses will be a boon for diagnostic companies, too.
⊠Love stories that help you understand the interaction between health and the global economy? Help keep our content free and accessible to all by becoming a member. Daily Brief readers get 50% off.
Switzerland is past its business hub prime
Even though it feels like a billionaire canât even skip Davos without people noticing, the demise of Credit Suisse has left Switzerlandâs future as a global financial capital hanging in the balance.
Quartzâs Clarisa Diaz explains which countries in the Middle East and Asia are looking like much more attractive business hubsâmaybe thereâs a reason Elon Musk conferenced in Dubai instead of Davos?
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Surprising discoveries
The mansion in Successionâs season 4 premiere belongs to a real-life billionaire. But the view from the glass-enveloped home is much brighter than the outlook for its ownerâs company.
The Mediterranean Sea may have goblin sharks. Or the first sighting of its kind could have been a plastic toy, itâs hard to say.
An ammo manufacturer is having trouble keeping up with Ukraineâs orders. It doesnât help that it has to compete for energy with a data center that services TikTok.
Luxury gyms donât want you if youâre not cool. Lengthy application processes create an exclusive atmosphere that only heightens the appeal.
Leather is one of the hardest items for the fashion industry to greenify. And considering fashion is one of the most polluting industries on Earth, thatâs pretty bad. But fungus is among us, and itâs here to help.
đ Listen to âMushroom leather: Fungi saves fashionâ on: Apple Podcasts | Spotify | Google | Stitcher
đ Or, read the transcript!
Our best wishes for a productive day. Send any news, comments, goblin sharks, and courage to quit the gym to [email protected]. Reader support makes Quartz available to allâbecome a member. Todayâs Daily Brief was brought to you by Morgan Haefner and Susan Howson.