Morning Brew Daily AI-Powered Weapons Startup Raises $1.5B & Mounjaro Soars Past Wegovy
Aug 9, 2024
Get ready for a wild ride through the latest in tech and finance! A startup revolutionizing autonomous weapons has raised a staggering $1.5 billion, sparking debates over warfare's future. Meanwhile, political unrest in Bangladesh poses challenges for the fashion industry. Eli Lilly's weight-loss drug Mounjaro is dominating the market, leaving Novo Nordisk's Wegovy in the dust. Plus, Coca-Cola is facing a hefty $16 billion tax bill, and a billionaire's estate plans are complicated by local wildlife. It's a whirlwind of innovation and intrigue!
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Costco Membership Crackdown
- Costco is cracking down on membership sharing, similar to Netflix's password-sharing crackdown.
- This is likely due to the significant revenue generated from memberships, totaling $4.6 billion in 2023.
Anduril's Ambitious Plan
- Anduril Industries, a defense tech startup, raised $1.5 billion to build Arsenal One, a mega-factory for autonomous weapons.
- This aims to address concerns about declining U.S. defense production capabilities and compete with China and Russia.
Bangladesh's New Leadership
- Bangladesh appointed Muhammad Yunus, a Nobel laureate, as caretaker prime minister after unrest.
- Yunus, known for pioneering microfinance, faces challenges like economic instability and a reliance on the textile industry.