Plus: Obesity drugs may be about to get cheaper.
| Photo: Reuters (Brendan McDermid) |
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Good morning, Quartz readers! |
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Macy's got offered a $5.8 billion buyout. Investor group Arkhouse Management and Brigade Capital Management is looking to take the US department store chain private, according to The Wall Street Journal. |
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The EU's proposal to tax emissions from imports sparked debate at the UN's climate conference. Poorer countries fear the levy would hurt their economic growth. |
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Conspiracy theorist Alex Jones is back on X (Twitter). It's another move that'll put the platform's already weary advertisers even more on edge. |
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The sticker shock for weight-loss drugs could become a little less, well, shocking. Eli Lilly's new weight-loss drug that just hit the market has a lower monthly sticker price than rival drug Wegovy's $1,350— Zepbound is listed at $1,060. |
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While list price is usually higher than what's paid by patients at pharmacy checkouts, the lower list price for Zepbound signals that US-based Eli Lilly may engage in price competition with its Danish rival Novo Nordisk, the pharmaceutical company that makes Wegovy. And that could be the first step to bringing down the prices of several obesity and diabetes medicines, like the ones listed below: |
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Amid gift-buying season and inflation in the US, a record number of Americans are using buy now pay later (BNPL) plans to avoid paying the full cost of items upfront. |
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Some companies are billing the payment method as a way to build credit. But experts say BNPL's relationship with credit is more complicated. Sure, it can improve their scores in some cases… but it can also really hurt them. Some pros and cons:
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👍 Paying off four, interest-free BNPL installments usually is much cheaper than paying off a credit card bill
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👍 BNPL services can also help consumers maintain lower balances on their credit cards |
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👎 If customers take too long to pay BNPL installments, they can be turned over to a debt collector |
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👎 If credit bureaus include BNPL information on consumer credit reports in the future, the balances could pollute someone's credit score by lowering the average age of their accounts |
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The skull of a giant sea monster was found in the UK's Dorset cliffs. The 150 million-year-old bones belonged to a pliosaur. |
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There are dueling Christmas tree trade groups in the US. One is all for chopping down a fresh one, and the other is all about artificial. |
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Floating farms may be the agriculture of the future. On one in a Rotterdam harbor, cows happily graze, poop, and produce milk. |
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A Mao Zedong-signed menu fetched $275,000 at an auction. Five other influential Chinese leaders also put their names on the menu next to items like "shark's fin in brown sauce" and "fried spiced chicken." |
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Our best wishes for a productive day. Send any news, comments, pliosaur flippers, and floating cows to talk@qz.com. Today's Daily Brief was brought to you by Morgan Haefner. |
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