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Good morning, Quartz readers!
What to watch for today
Sheryl Sandberg does damage control in DC. Facebookâs COO will meet lawmakers investigating Russiaâs Facebook ads and give the companyâs first [public interview]( from a senior executive involved in the probe. Sandberg will also [discuss racially inflammatory ads]( with members of the congressional black caucus.
Donald Trump moves to unwind the Affordable Care Act. The president will sign an executive order [instructing federal agencies]( (paywall) to start easing insurance rules, say senior White House officials. Critics say killing the ACA will make health insurance more expensive, especially for older or sicker people.
Wall Street reports earnings. JPMorgan Chase and Citigroup kick off [third-quarter earnings season]( (paywall). Big banks have signaled that trading revenues will be down by 15% to 20% from this time last year.
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While you were sleeping
Trump twice threatened to shut down media outlets. After posturing to pull [NBCâs broadcast license]( on Monday, the president sent [another tweet]( saying network news licenses âmust be challenged and, if appropriate, revoked.â An [NBC report]( about Trump reportedly wanting a tenfold increase in the countryâs nuclear arsenal was what provoked his ire.
Gucci shed its fur. The Italian fashion brand, part of the Kering luxury group, said it will no longer use [mink, coyote, raccoon dog, fox, rabbit,]( and other animals bred for their fur from 2018 onwards. It will auction off the remainder of its furs. The Humane Society International called the decision âa huge game-changer.â
Lufthansa clinched a deal with bankrupt Air Berlin. Germanyâs flag carrier said it will sign the agreement today to [buy a large part]( of what was the countryâs second largest airline until it went bust in August. EasyJetâs plans to buy a bunch of Air Berlinâs planes are still up in the air.
SoftBankâs shopping spree drove its stock to a 17-year high. The Japanese firm surged around 3.6% in Tokyo as [investors salivated]( over the deals itâs negotiatingâincluding a big stake in Uber and the Softbank-controlled Sprint merger with T-Mobile US. A PwC report found SoftBank was behind four of the five [biggest venture capital deals]( globally in the third quarter of 2017.
Colombiaâs peace accord with the FARC got constitutional protection. A constitutional court in Bogota ruled that the 2016 accord between the government and the rebel group [cannot be modified for 12 years.]( It protects the deal from potential changes should right-wing opponents of president Juan Manuel Santos take power after the election in 2018.
Quartz obsession interlude
Zheping Huang on how news from China depends on anonymous local journalists. âMost foreign news organizations in mainland China rely heavily on Chinese nationals to navigate the countryâs complex bureaucracy, flag important developments, and find people willing to be quoted in a foreign paper. But China bans its citizens from working as full-fledged journalists for these publications. Instead, they are only allowed to offer âassistance,â after they sign employment contracts with agencies affiliated with the Chinese foreign ministry.â [Read more here](.
Matters of debate
Suburban offices are hip again. As [millennials move out]( of city centers, companies are starting to follow the talent.
âIntelligentâ means different things in different cultures. IQ tests created in predominately [white, Western societies]( can make global comparisons problematic.
SoftBankâs master plan is aimed at a robotic future. The seemingly random investments by Masayoshi Sonâs [$100 billion Vision Fund]( (paywall) all have a common thread.
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Surprising discoveries
A fake story about Google buying Apple briefly roiled the stock market. The Dow Jones article was meant to be [an internal technology test]( (paywall).
The Swiss sewage system is clogged with gold. Researchers say gold flecks [worth an estimated $2 million]( have been flushed by refineries and Swiss watch firms.
Leonardo da Vinciâs last painting once sold for $60. Salvator Mundi [could make]( $100 million at auction next month.
A court in Australia recognized an unsent text message as a valid will. Instructions included âput my ashes in the back garden,â along with a [smiley face](.
New Zealand police apologized for posting a meme about traffic deaths. âWhen you have to tell someone their family has diedâ was [accompanied by a GIF from The Office.](
Our best wishes for a productive day. Please send any news, comments, priceless paintings, and inappropriate GIFs to hi@qz.com. You can follow us[on Twitter]( for updates throughout the day or download[our apps for iPhone]( and[Android](.
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