đ Itâs quitting time
Good morning, Quartz readers!
HEREâS WHAT YOU NEED TO KNOW
Ozempic might make people eat and drink less. Survey respondents said GLP-1 medications reduced their alcohol intake.
Black Friday was bigger than ever this year. Adobe says online retail sales for the shopping day rose more than 10% to a record $10.8 billion.
Intelâs CEO is out of a job. Pat Gelsinger announced that he will retire as his company struggles to keep up with Nvidia.
The CEO of Stellantis also handed in his resignation papers. Things have gotten so bad at the carmaker that Carlos Tavares is stepping down.
A special investigatory committee said Super Micro Computer did nothing wrong. Now the company can focus on rebuilding its c-suite after a string of departures.
Biden gets chippy with China
Americaâs AI future canât happen without computer chips, and neither can Chinaâs. So Joe Biden is spending the waning days of his presidency making sure that the U.S.âs biggest economic rival wonât have the materials needed to assert itself in the rapidly developing technology field.
As part of a steadily escalating computer chip war with China, the Commerce Department just unveiled a new list of restrictions around which entities are allowed to purchase the hardware and software tools used to build semiconductors. Surprise, surprise: That someone is China.
Whatâs so bad about China building out its AI capabilities? Quartzâs Britney Nguyen dives into Americaâs rationale for its latest wave of China-facing sanctions in the space.
Workers prepare to slam Volkswagenâs brakes
Amid Volkswagenâs massive financial woes and looming job cuts, its workers are on the verge of their first major strike in years. A series of short-term work stoppages Monday could yield to bigger shutdowns if negotiations donât prove fruitful.
IG Metall, the union representing the workers, is pressing Volkswagen not to proceed with its plans to close factories while figuring out how to overcome a big drop in demand. The company has rejected that plan, seeking instead to cut costs in ways that would be big and permanent.
How close are Volkswagen workers to walking off the job? Quartzâs William Gavin breaks down where things stand in the labor dispute.
MORE FROM QUARTZ
đ°Jeff Bezos is betting millions on an Nvidia rival
⥠These are the states where data centers use the most electricity
âď¸ Southwest Airlines is making a change to its flight because of turbulence
đCheck out these spectacular European Christmas markets
đ Tesla competitor BYD is building iPads for Apple
đ Sam Altman has a Donald Trump and Elon Musk problem
SURPRISING DISCOVERIES
Itâs definitely worth it to hire that workersâ compensation lawyer. One estimate finds that the involvement of an attorney can more than double workplace injury awards.
Someone in England is spreading a bit of holiday jeer. A vandal knocked over the fake headstone used in a 1984 adaption of âA Christmas Carolâ that had become a tourist attraction.
India might be luxuryâs new China. The CEO of jewelry brand Buglari is looking across the border for a new growth engine.
The publisher of the Oxford English Dictionary has âbrain rotâ in its thoughts. Oxford University Press named the phrase as its word of the year.
Smarties wasnât dumb to stick to making one candy for 75 years. The candy company said 2024 is shaping up to be a record year for sales.
Did you know we have two premium weekend emails, too? One gives you analysis on the weekâs news, and one provides the best reads from Quartz and elsewhere to get your week started right. Become a member or give membership as a gift!
Our best wishes on a safe start to the day. Send any news, comments, decompositions of the mind and CEO job postings to [email protected]. Todayâs Daily Brief was brought to you by Melvin Backman and Kevin Ryan.