🌎 The world's first $3 trillion-dollar company

Plus: America’s EV industry is bigger in the south Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/E0OWHJoQYNwdEo3gUPN-9ZiCDzvx5Vibw-MYb9BwcPo=307) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850600816%2Fthe-worlds-first-3-trillion-dollar-company%2F/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/HmrP9YXmpK5AQk2zliadkVTOpXMASK0fA4mF40SbX3M=307) July 3, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850600816%2Fthe-worlds-first-3-trillion-dollar-company%2F/2/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/fspJf6ELJBeJdGl285HktKOnf-wqPppPotPIrYTZwwk=307) [Apple CEO Tim Cook arrives at the White House on June 22, 2023](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850600816%2Fthe-worlds-first-3-trillion-dollar-company%2F/3/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/lEdLicMWKdmYoYSh7Hlb1VUae1yj82VQw5JQ8CZX3gI=307) Photo: Getty Images (Tasos Katopodis/Getty Images) Good morning, Quartz readers! Here’s what you need to know Apple has become the first company in the world to reach a $3 trillion valuation. The tech giant [officially hit the milestone](%2F%2Fqz.com%2Fapple-s-valuation-tops-3-trillion-1850595210%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/gWP6Wik7HJncxkJBDTL3pK2ae0HmUXg3euOhWx2CEFg=307) on June 30. Elon Musk is making the job of Twitter’s CEO Linda Yaccarino even harder. His announcement of [daily tweet view limits](%2F%2Fqz.com%2Felon-musk-daily-tweet-limit-twitter-ceo-linda-yaccarino-1850600815%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816%26rev=1688372342331/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/0-rGpdEg1cET41DReTTNh9GBe26f648r9qklB8ExJHE=307) will not go down well with advertisers and corporate accounts. The Reddit “Ask Me Anything” as we know it is dead. Moderators of the r/IAmA subreddit are [no longer going to organize](%2F%2Fqz.com%2Freddit-amas-r-iama-protest-api-changes-steve-huffman-1850600843%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/35XFGdTu1gVCNBl5d6HXG8Zej1kwoFpkU3U9D7cVbD4=307) the popular Q&As. A Brazilian court barred Jair Bolsonaro from running for office until 2030. The former president was found guilty of [abuse of power](%2F%2Fedition.cnn.com%2F2023%2F06%2F30%2Famericas%2Fbolsonaro-court-abuse-of-power-ruling-intl-latam%2Findex.html/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/O-nX2fFs3oI9U5Dt37vCEmWZzquP3r_qGW_6KgQU4lU=307) during last year’s election campaign. Why America’s EV industry is bigger in the south The Midwest region of the US may be home to automobile trail blazers like Ford and General Motors, but the next generation of EVs will likely come from the country’s south. The geographical shift in manufacturing has been years in the making, as foreign transplants like Toyota and Volkswagen have poured investments into southern states. But one big employment trend can’t be ignored, and that’s unionization—or lack thereof—[that’s making labor cheaper](%2F%2Fqz.com%2Fwhy-america-s-biggest-ev-projects-are-in-southern-state-1850588290%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/DC5YcZtb5snDS7PbxQ9cbDw_9Xl1B1pSuVP3-G-0syA=307). %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850600816%2Fthe-worlds-first-3-trillion-dollar-company%2F/4/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/gGuWviIPPbECKacBl_bE5GJiMPmPDmmt8PMlBUsxUb4=307 Graphic: (Clarisa Diaz) Doing business in China just got even riskier Beijing has a newly amended counterespionage law that’s poised to present new uncertainties and legal risks for international firms. The law, which took effect July 1, vastly expands the definition of espionage. Criminal cases of espionage already risk life imprisonment. For foreigners, the new law threatens exit and entry bans, as well as deportation. Quartz reporter Mary Hui explains why the catch-all phrasing can encompass [even the most mundane business activities](%2F%2Fqz.com%2Fchina-is-sharpening-its-lawfare-weapons-to-target-forei-1850596198%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/FWwJyFpfHc7ODnYZ9ZAx9Kd91xcVPqvJ7v88KgdZuPs=307). Three recent SCOTUS rulings, by the numbers The end of last week brought with it a barrage of high-profile rulings from the US Supreme Court that have wide-ranging implications for Americans. [$430 billion:](%2F%2Fqz.com%2Fbiden-supreme-court-ruling-student-debt-forgiveness-1850564245%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/wbeonTWBPIvfB800apguciIszOOKftg8QozR6bTPFLE=307) Amount of student loan debt that the court ruled the Biden administration can’t cancel. The White House [unveiled its plan B](%2F%2Fqz.com%2Fbiden-is-attempting-to-cancel-student-debt-again-with-a-1850597242%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/YdK4SOOmrAo8G1VgLAIjHviNLqsGs1OXd1txFzhVNas=307) following the ruling [6-3:](%2F%2Fqz.com%2Fsupreme-court-303-creative-elenis-ruling-colorado-lgbtq-1850595129%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/4TgrKHi8EQRu1vODzh2htwxrB_OCW_THUDKjUxYwTM0=307) Majority ruling in 303 Creative v Elenis, which states that a wedding web designer can refuse to work on same-sex weddings [45:](%2F%2Fqz.com%2Fsupreme-court-ruling-affirmative-action-harvard-unc-1850569256%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/KiLyVTuleHxkTiH5gwRrERW8hZZmDwW2St_aY7nKYYY=307) Years of precedent the court’s decision to end affirmative action wiped out Quartz’s most popular 🛏️ [Overstock is changing its name to Bed Bath & Beyond](%2F%2Fqz.com%2Foverstock-is-changing-its-name-to-bed-bath-beyond-1850595528%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/6Qic13ON0JaadkXTHQCBowVaDuW6VhiXNu628GnCq-M=307) 🤖 [Forget machine learning. Google now wants to crack machine unlearning](%2F%2Fqz.com%2Fgoogle-ai-machine-unlearning-challenge-data-privacy-1850594580%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/i6_Nrayel4go7zn_OPiUS5cSNhROVLLC8p_EDjxW9rw=307) 🏦 [A newly merged Indian bank is set to become bigger than HSBC and Citigroup](%2F%2Fqz.com%2Fa-newly-merged-indian-bank-is-set-to-become-bigger-than-1850594654%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/z6-Rr4g9Q2zx7YjyqC7apy7rpZ6VZzfy4duRqHJp-Rk=307) 🌱 [Everything you need to know about potash, the age-old trick for healthy soil](%2F%2Fqz.com%2Femails%2Fquartz-obsession%2F1850585244%2Fpotash-the-age-old-trick-for-healthy-soil/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/ZfHCvg0FdbDrf_W-57CSacueX_bFOLqwVW0XVDGZtrE=307) 🔑 [The password game is playing on the nightmarish hellhole of internet security](%2F%2Fqz.com%2Fpassword-game-internet-security-neal-agarwal-1850590337%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/qwaUPnWJTokLcglm2aE6EEVOcWL_0Ubj5tGWSsPBoJ0=307) 💡 [Nestlé has changed its mind about using offsets to become carbon-neutral](%2F%2Fqz.com%2Fnestle-has-changed-its-mind-about-using-offsets-to-beco-1850592939%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/5fvU4OP_xrz3aav4G-EESgbUEkL2PMf4wdppoO_4Pzk=307) Surprising discoveries The road to Florida is paved with radioactive waste. The US state is allowing [uranium runoff](%2F%2Fqz.com%2Fflorida-will-allow-radioactive-waste-in-road-constructi-1850596975%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850600816/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/1_RUawGVfnMEghnKEbpEJWZpxp4ha1qLQiy01hu4R9M=307) to be used in the construction of new roads. A common blood condition can lower the risk of Alzheimer’s disease. But [clonal hematopoiesis of indeterminate potential](%2F%2Fwww.sciencealert.com%2Fcould-this-common-blood-condition-could-protect-against-alzheimers/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/Y2BidMikwh3ZRzNIOKvUAdLm8IahGhGg-_1JoOVwX6Q=307) is tied to blood cancer and heart disease. No one wanted Princess Leia’s iconic white gown from 1977. Auctioneers were [hoping to get $2 million](%2F%2Fwww.dw.com%2Fen%2Fstar-wars-princess-leia-gown-fails-to-sell-at-auction%2Fa-66064436/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/ItQUA7zsHrfoKLN43dhCe6qn3SAYW81QxywVL4w3SPo=307) for it. We’re about to learn more about dark energy. The European Space Agency’s Euclid spacecraft is off to discover [why the universe is expanding](%2F%2Fwww.nasa.gov%2Ffeature%2Fjpl%2Fesa-s-euclid-mission-launches-to-explore-dark-universe/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/Eq_y0H1lm02NbizyQYqawDwna4KPxGhByB4733kBxKM=307) at an accelerated pace. Not all frog croaks signal mating. In fact, some of the guttural noises are [trying to stop it](%2F%2Fwww.newscientist.com%2Farticle%2F2380288-female-frogs-may-croak-to-deter-males-from-mating-with-them%2F/1/010001891b2fc8d4-4cb2188c-cd47-4ba9-bcfb-ec8633bc1543-000000/RVjRSwc5ldwqlvwcR2Bh7N_Bz4iNNeyfHqD6zqFiicc=307). Our best wishes for a productive day. 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