What insiders know 📶
Improvising: JPMorgan is exploring a blockchain-based token for speeding up payments and settlement.
Drug: JPMorgan is suggesting Novo Nordisk’s new obesity drugs could have sales potential of $33 billion.
Charge up: Reportedly Tesla will install 20,000 EV chargers at 2,000 Hilton hotels.
Private funding: 5C Investment Partners aims to capture a slice of the private credit market, where alternative asset managers are increasingly displacing banks by providing multi-billion financings to companies.
The cut: Goldman Sachs plans to dismiss 1-5% of its workforce as soon as October 2023 as part of the firm’s annual evaluation of staff.
Double-checking: US government investigates the modern 7nm made-in-China chip.
Sentenced: Head of crypto firm Thodex, Faruk Fatih Ozer gets 11,196-year prison sentence.
Tomato news: In the long term, as temperatures rise and water supplies get constrained, researchers expect further tomato yield loss.
On hold: China has asked some fertilizer producers to pause urea exports after domestic prices jumped.
Hold on: India, the world’s top rice shipper has placed restrictions on all of its exports.
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