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To:Brew Readers
China’s AI is catching up to stalled-out US models…
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Buongiorno. Over 10,000 Vespas buzzed around Rome on Saturday to celebrate the iconic scooter’s 80th anniversary. Fun fact: Vespa is Italian for “wasp.” You can see an encore swarm this week here in the States by leaving the watermelon uncovered outside for five seconds.

Holly Van Leuven, Brendan Cosgrove, Neal Freyman

In today’s newsletter, we’ll get into:

  • International drama brewing over AI models
  • Medicare expanding access to weight loss drugs
  • The guy who made aging well a laughing matter

MARKETS: YEAR-TO-DATE

Nasdaq

25,297.62

S&P

7,354.02

Dow

51,876.11

10-Year

4.372%

Bitcoin

$59,982.14

Alphabet

$334.69

Data is provided by

*Stock data as of market close, cryptocurrency data as of 11:00pm ET. Here's what these numbers mean.

  • Markets: It may be a holiday-shortened week on Wall Street, but don’t fire up the grill just yet. Jobs data and continued unrest in the Middle East could weigh on investors in the coming days (more on that below).
  • Stock spotlight: Alphabet may have lost some AI talent recently, but it’s gaining a spot in the Dow Jones Industrial Average today, taking Verizon’s place.
 

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