Morning Brew Daily Biden Wants to Cap Rent Nationwide & Why Kids Aren’t Watching Disney
Jul 17, 2024
President Biden proposes a nationwide rent cap to tackle the housing crisis, stirring debate among economists. Meanwhile, crypto moguls are cozying up to Trump as nicotine products like Zyn soar in popularity. In a surprising twist, Disney struggles to keep kids engaged amidst fierce competition from YouTube, raising concerns for its future. Additionally, a small diaper brand is struggling due to Amazon's practices. Finally, high schoolers reveal their job preferences, leaning away from tech careers for more stable fields.
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Biden's Rent Cap Proposal
- President Biden proposed a 5% rent cap to address rising housing costs, but it faces opposition.
- Economists argue rent control discourages new housing construction, worsening the supply shortage.
Crypto's Surprising Political Shift
- Crypto leaders, including investors like Mark Andreessen and Ben Horowitz, are supporting Trump's 2024 campaign.
- This is a shift as Trump previously criticized cryptocurrency, but now sees an opportunity with crypto enthusiasts.
Zyn's Production Expansion
- Zyn, the nicotine pouch, is experiencing high demand, prompting Philip Morris to invest $600 million in US production.
- Despite its popularity, Zyn faces potential regulatory challenges similar to Juul.