My back-to-work morning practice WFH reads:
• The Battle Over TikTok Is Simply Beginning. Right here Are the Potential Outcomes—and the Most Seemingly Winners. Individuals spent 53 billion hours on TikTok final 12 months, in keeping with one Wall Road estimate. If the service is banned within the U.S., a lot of that point might go to Meta, YouTube, and Snap. What all of it means for shares. (Barron’s)
• Silicon Valley Financial institution’s threat mannequin flashed purple. So its executives modified it. Centered on income, leaders made choices that foreshadowed the financial institution’s shock failure. (Washington Post)
• The Purple Sizzling Rubble of East New York: One of many poorest neighborhoods in Brooklyn is instantly the main target of each non-public speculators and Metropolis Corridor, which desires to construct 1000’s of models of inexpensive housing there — and by asserting its plans is fueling a land rush. (New York Magazine)
• What Is ChatGPT Doing … and Why Does It Work? The very first thing to elucidate is that what ChatGPT is all the time essentially attempting to do is to provide a “cheap continuation” of no matter textual content it’s acquired to date, the place by “cheap” we imply “what one would possibly count on somebody to put in writing after seeing what folks have written on billions of webpages, and many others.” (Stephen Wolfram)
• ‘This is sort of a film’: Ukraine’s secret plan to persuade 3 Russian pilots to defect with their planes: their planes (Yahoo News)
• Your Mind May Be Controlling How Sick You Get—And How You Get well: Scientists are deciphering how the mind choreographs immune responses, hoping to seek out therapies for a spread of illnesses. (Scientific American)
• The Twitter I Love Doesn’t Exist Anymore: At its greatest, the platform was a reminder that there are quick-witted and even clever folks on the planet with concepts to share. (The Atlantic)
• A Dumpling Could Be Taiwan’s Most Potent (and Scrumptious) Mushy Energy Weapon: The restaurant chain Din Tai Fung’s founder created a world phenomenon, one serving of “xiao lengthy bao” at a time. (Bloomberg)
• How Alvin Bragg Resurrected the Case Towards Donald Trump: A 12 months in the past, the investigation into the previous president appeared from the surface to be over. However a collection of essential turning factors led to this week’s indictment. (New York Times)
• Dungeons & Dragons’ Epic Quest to Lastly Make Cash: With Honor Amongst Thieves quickly to hit theaters, can Hasbro overcome 50 years of D&D enterprise disasters with out enraging its fan base? (Businessweek)
Remember to take a look at our Masters in Business interview this weekend with Ken Kencel, founder and CEO of Churchill Asset Management. The non-public credit score agency manages $46 billion in non-public capital and is an affiliate of Nuveen, the $1.1 trillion asset supervisor of TIAA. Churchill was the highest U.S. non-public fairness lender in 2022 and was “Lender of the 12 months” in keeping with M&A Advisor. Kencel was named one in all non-public credit score’s 20 energy gamers.
Small Banks Are Dropping to Massive Banks. Their Clients Are About to Really feel It
Supply: Wall Street Journal
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