🌎 TikTok's ultimatum

Plus: Ryan Reynolds on T-Mobile vs. his mom Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/7Rv0hReU6uojmqSpr0K2_rX8Q1jGZXjtEo29ort6KRc=292) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850231743%2Ftiktoks-ultimatum%2F/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/igHklcyweMORJvlG32zqasRfDHsvDnTWAOn_CP4mdtE=292) March 16, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850231743%2Ftiktoks-ultimatum%2F/2/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/nkdHF3HnBZ5ycZrP795rNi4zLbJv5YWhx4fkz5moGuU=292) Sponsored By Good morning, Quartz readers! Here’s what you need to know The US gave TikTok an ultimatum. China-based parent company ByteDance [must sell TikTok or face a ban](%2F%2Fqz.com%2Ftiktok-us-ban-china-owners-bytedance-sale-1850231740%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1678960919200/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/SC2hWBBjzYOn0VvojPMXW2e1hdukbThVQHxHu3B8eDk=292). Credit Suisse got a financial lifeline... The Swiss central bank offered financial support after the bank’s shares [hit an all-time low](%2F%2Fqz.com%2Fcredit-suisse-svb-bank-fail-interest-rates-central-bank-1850229886%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1678958009710/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/i2IChCI4TyBX7GSntIHVyarvhP-rJicUgxTwJP8NNXI=292) amid the fallout of two [US bank closures](%2F%2Fqz.com%2Fsilicon-valley-bank-collapse-affected-countries-svb-1850219546%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/1VmCYCWYmEoQucZTEALvgoV4ZVhepYpWsFYM5gXir3c=292). …and so did Nigerian startups. Nigeria [has launched a $672 million fund](%2F%2Fqz.com%2Fnigerias-launches-672-million-fund-for-startups-1850231603%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/FQ0iE9TbHyOk1UBj1lIjb_ngQ02hz8kMrud-WrVqoLA=292) to support its tech startups after the collapse of major US lenders. Toys “R” Us has shut down one of its India stores 24 hours after it opened. The American toy giant’s re-entry into the country hit a snag in the form [of a non-compete clause](%2F%2Fqz.com%2Ftoys-r-us-shut-down-its-store-24-hours-after-its-re-ent-1850227232%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/BMY12JswOaw-hXAVoRMdwthnUOohZcPNVbZ6MA0Wfvg=292). Sponsor content by ADP While business today is more unpredictable than it was yesterday, the possibilities for success are endless. At ADP, we turn unpredictability into an advantage using data driven insights to design HR solutions to help businesses of every size work smarter, so they can think beyond today and find even more success tomorrow. Learn more at Why ADP. [Learn More]( Ryan Reynolds on T-Mobile vs. his mom “We are so happy T-Mobile beat out an aggressive last-minute bid from my mom Tammy Reynolds as we believe the excellence of their 5G network will provide a better strategic fit than my mom’s slightly above-average mahjong skills.” — Ryan Reynolds, Mint Mobile minority owner, [in a statement](%2F%2Fqz.com%2Ftmobile-mint-ryan-reynolds-budget-wireless-1850228610%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/23y3NZuN2HZ4KyHHNi_p_zusrYsJVZJCikbeVbhrplw=292) announcing the $1.35 billion sale that will give T-Mobile more access to low-income customers FedEx in one big number $22.8 billion: Amount that global shipping giant FedEx is expected to report tomorrow (March 16) as its third-quarter revenue, down 3.6% from last year’s numbers. Many look to FedEx as a [bellwether of the global economy](%2F%2Fqz.com%2Femails%2Fquartz-obsession%2F1849832794%2Fbellwether-that-sound-you-hear/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/w3FW8RZ4LssEm-qgRMsRTvAnGkVuOEn9PVgFy9EH74o=292), so, fair warning, there might be a lot of 😬 around the office. Quartz’s Julia Malleck [rounds up a report card](%2F%2Fqz.com%2Ffedex-q3-2023-earnings-report-1850228442%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/MlcGPGrfMs5eGoIuVzGi7T7eyfMGLQNvK59cq-RJZjU=292). The Federal Reserve is getting egged Speaking of bellwethers, eggs have hatched into a [rather surprising indicator](%2F%2Fqz.com%2Fwhy-egg-prices-so-high-bird-flu-inflation-1850024512%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/Tp5m-ncGAaNU0Suic-IWPAaWqmmQXpBlr4tsUhUFNPA=292) of consumer prices in the US. [Quartz’s Nate DiCamillo asks how](%2F%2Fqz.com%2Famerican-egg-prices-are-sending-a-signal-to-the-federal-1850227601%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/aXN7Xbmjfq8Boooa0AXy2CQxKzJ_EHzi9RmUwULutMw=292) companies paying 41.3% less for eggs last month than they did in January will scramble the [Fed’s rate-hiking regime](%2F%2Fqz.com%2Fwhat-the-silicon-valley-bank-fallout-could-mean-for-the-1850221499%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/XtoJC0rcpwzjGEAIT5BzsFaFI_cgJ8EQeQdvD7Rf-dw=292). [A line chart showing average US producer prices on an annual basis.](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850231743%2Ftiktoks-ultimatum%2F/3/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/BpzPnuYnNELDmwjpU03yxkqkBjWNBPnyEgLgt1Y58Vc=292) Graphic: (Nate DiCamillo) ✦ Love our email? 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At ADP, we turn unpredictability into an advantage using data driven insights to design HR solutions to help businesses of every size work smarter, so they can think beyond today and find even more success tomorrow. Learn more at Why ADP. [Learn More]( Surprising discoveries The donkey’s family tree has officially been mapped. Wild asses were [likely domesticated just once](%2F%2Fwww.nytimes.com%2F2023%2F03%2F14%2Fscience%2Fdonkeys-genetics-archaeology.html/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/oX7iziKf078Iux5juMqTUPV8p4xB5sECrQbyd43Mb18=292) in Africa around 5,000 B.C.E., whereas smart asses have been around since the dawn of time! Nothing kills the vibe like smog... Fruit flies [don’t like to get it on](%2F%2Fwww.france24.com%2Fen%2Flive-news%2F20230315-smog-a-major-buzzkill-for-insect-mating/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/emlHg1BUVKDOAcWFYmpjvKctr_2pFU0F79-8NR_duEU=292) in polluted air. … and nothing mends geopolitical ties like omelet rice. South Korean president Yoon Suk Yeol and his Japanese counterpart Fumio Kishida hope [omurice will break the ice](%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-03-14%2Fjapan-to-treat-south-korean-leader-to-omelette-rice-report-says/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/h7h-G4E2QKOePQoSeR0PgwH_OCAohIFpIoZHJfIrcO4=292). Pro golfers have gotten too good. A [proposal to change balls](%2F%2Fgolf.com%2Fgear%2Fgolf-balls%2Fusga-rollback-bifurcation-announcement%2F/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/cI3A45WNsi8sPbYxfrgXwxIqrF7eibnD8UjE2oVMXy4=292) is aimed at making them travel shorter distances. A shoebox-sized satellite developed for a college class experiment is changing our lives. You can’t see them from the ground, but CubeSats have revolutionized how the space industry thinks about satellites. 🎧 Listen to “[Earth observation: Taking the long view](%2F%2Fqz.com%2Fearth-observation-satellite-space-business-1850221565%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/bjgarG59E0VzgeyhyeltqCJkJ8G-FZcaSlTWTzm0tRo=292),” the latest episode of the Quartz Obsession podcast [Apple Podcasts](%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fquartz-obsession%2Fid1587735076/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/FKzp4vUbMAPdg-2UeCJXnbgDNE5iA_I-Kj2MqIYUJTo=292) | [Spotify](%2F%2Fopen.spotify.com%2Fshow%2F6yEQvRgukZ7LJGdGXNi1BT/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/GLndGBPFp6ffu4fenOxonjxs3MBt36Eo2BTEWWHy7Os=292) | [Google](%2F%2Fpodcasts.google.com%2Ffeed%2FaHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vcXVhcnR6b2JzZXNzaW9ucG9kY2FzdA/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/hABEbptd7Cdf3cSTMxbmWfM2auilBD0xqtpk2zcJMzI=292) | [Stitcher](%2F%2Fwww.stitcher.com%2Fshow%2Fquartz-obsession/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/WEUa7zAzrvuCevB2Uo41F0EUVbdklQmiHpk8GUbPjIw=292) Our best wishes for a productive day. Send any news, comments, omurice recipes, and mini golf tips to hi@qz.com. Reader support makes Quartz available to all—[become a member](%2F%2Fqz.com%2Fsubscribe%2F/1/01000186ea0fefa0-5740ddd2-f164-422b-9d85-99c2605df676-000000/8MHRRrDUj5i0QGK15A2xTPiKJVoGVShmugR2KCKf33g=292). Today’s Daily Brief was brought to you by Nate DiCamillo, Sofia Lotto Persio, and Morgan Haefner. 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