🌍 Toyota overtakes GM

Plus: CES is forging ahead. [Quartz]( Good morning, Quartz readers! Was this newsletter forwarded to you? [Sign up here](. Forward to the friend who’s always [wondering what could have been](. Here’s what you need to know GM’s 90-year reign as the best-selling car maker in the US is over. [Toyota finally overtook]( the Detroit giant in 2021. China Mobile’s Shanghai listing raised $7.7 billion. [China’s biggest IPO in a decade]( came a few months after the world’s largest mobile network operator was forcibly delisted in New York. Elsewhere in China, covid lockdowns intensified. Thirteen million Xi’an residents have been home-bound since Dec. 22, and are [having trouble getting food]( and medical care. Meanwhile, another [1.1 million people in Yuzhou]( face similar shutdowns. Delhi and Mumbai brought back curfews. [The Indian cities](, home to more than 30 million people, are the centers of the country’s [third wave]( of covid-19. French president Emmanuel Macron is going in harder on the unvaccinated. “We will continue to do this, to the end. This is the strategy,” [he told Le Parisien](, “limiting as much as possible their access to activities in social life.” What to watch for Omicron, you may have heard, is raging. But that hasn’t stopped the annual Consumer Electronics Show (CES) from plowing forward. After a completely virtual 2021 event, it expects its in-person comeback to host [75,000 attendees]( and 2,200 exhibitors, even with a long list of companies that have [opted to pull out](, including Meta, Amazon, and Twitter. Conference-goers can expect the on-stage conversation to hit on some familiar themes: 🚗 Electric and autonomous vehicles (GM, John Deere, [Sony]() 🕵️‍♂️ Crypto and NFTs (Coinbase, UTA) 📶 5G (Verizon, Oracle) 🔮 Future of the workplace (Citrix, HTC) 🦾 Cybersecurity (USTelecom, Samsung) And, of course, [the metaverse]( and [web3]( will be unavoidable buzzwords during the event—popping up in conversations around virtual reality (VR), augmented reality (AR), cloud technology, computing power, broadband, and crypto. Americans will be swimming in rapid covid tests The scarcity of rapid tests in the US, paired with the super-contagious omicron variant, has touched off a [bullwhip effect]( in the testing supply chain. Unfortunately, at-home covid tests are likely to flood pharmacy shelves and Americans’ mailboxes [just after the first omicron wave has passed](. Abbott, the maker of BinaxNow rapid covid tests, saw a slump in sales after vaccinations took off last spring. So it shut down one of its factories, laid off thousands of workers, and directed its remaining workers to destroy 8.6 million unused test cards. [A line chart showing quarterly revenue of US rapid covid diagnostic test maker Abbott Laboratories. It peaks in the fourth quarter of 2020, slides down in spring of 2021, and then surpasses its previous peak in the fall of 2021.] Well, at any rate, the lessons learned from this particular supply crisis shouldn’t be wasted. During the next pandemic, Americans just might be able to expect a better testing infrastructure. Tell us your perspective We’re on a mission to help readers navigate the global economy and deliver perspectives you won’t find anywhere else. How are we doing? [Complete our survey](, and you’ll be entered for a chance to win a $250 Amazon gift card. Handpicked Quartz 📈 [The US quits rate returned to a record in November—and that was before omicron…]( 📈 📈 […But this year, minimum wages are going up across the US]( 🤑 [How you could have made $1.3 trillion by perfectly trading the S&P 500 in 2021]( ⛔️ [The US has removed three African countries from a tariff-free trade program]( 🆙 [The real enemy in Don’t Look Up is Big Tech]( Surprising discoveries Taiwan’s government is sharing rum recipes with the public. It has to use the [20,400 bottles]( it bought from Lithuania that China was going to block. The hottest commodity of 2021 was lithium. We [expected it to be coffee]( too. Good luck getting a colored tattoo in the EU. Thanks to a new ban, the [ink became much tougher]( to come by. A Paraguayan presidential aide died in a deer attack. The animal [ran an antler]( through the man’s chest. Crystal Pepsi is back (kind of). If you have [a bad photo from the 1990s](, it could win you some of the clear cola no one wanted. SPREAD THE WORD Over 500k readers and counting. You already know why half a million people read the Daily Brief, so why not spread the word? [Share the Daily Brief today]( and get rewarded. Our best wishes for a productive day. Send any news, comments, government-sponsored cocktails, and regular Pepsi to hi@qz.com. Get the most out of Quartz by [downloading our iOS app]( and [becoming a member](. Today’s Daily Brief was brought to you by Hasit Shah, Scott Nover, Morgan Haefner, and Susan Howson. [facebook]( [twitter]( [external-link]( Enjoying Quartz Daily Brief? Forward it to a friend! They can [click here]( to sign up. If you’re looking to unsubscribe, [click here](. Quartz | 675 Avenue of the Americas, 4th Fl | New York, NY 10010 | United States Copyright © 2022 Quartz, All rights reserved.