Morning Brew Daily DOJ Accuses Visa of Being a Monopoly & Ozempic Prices Grilled by Congress
Sep 25, 2024
The DOJ takes on Visa, accusing it of monopolizing the debit card market. Caroline Ellison from FTX gets a two-year sentence as she cooperates with the courts. Congress grills the CEO of Novo Nordisk over the sky-high prices of Ozempic. A looming port strike threatens to disrupt supply chains across the East Coast. Meanwhile, tech reviewer MKBHD ventures into product creation amidst a landscape of rising competition. And sadly, the Chicago White Sox teeter on the brink of baseball history, but not in a good way!
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Mini-Moon
- Earth's moon will get a temporary companion, asteroid 2024 PT-5.
- It will orbit Earth for two months before returning to its solar orbit.
DOJ vs Visa
- The DOJ is suing Visa for allegedly monopolizing debit card transactions.
- They claim Visa penalizes merchants using alternatives and restricts fintech rivals.
Ellison Sentencing
- Caroline Ellison, former Alameda Research CEO, received a two-year prison sentence.
- Despite cooperating extensively, her role in the FTX fraud warranted jail time.