Axios

Netflix released its first-ever global engagement report, Hope writes with Axios' Rebecca Falconer and Tim Baysinger.

• It features more than 18,000 titles, representing 99% of all content viewed on the platform between January and June.

The intrigue: Though nearly 100 billion hours of viewing took place, more than half of Netflix's titles drew less than 1 million hours.

• Almost 4,000 drew less than 100K hours.

Elon Musk plans to launch a university in Austin, according to tax filings first reported by Bloomberg.

Driving the news: The filings for the billionaire's new charity, "The Foundation," lay out Musk's plans, starting with a donation of just over $100 million to create a STEM-focused K-12 school in Austin.

Time is running out to ship gifts and have them delivered by Christmas morning.

Why it matters: Some holiday shipping deadlines are slightly earlier than last year because Christmas falls on a Monday.

The Los Angeles Dodgers this week signed two-way phenom Shohei Ohtani to a 10-year, $700 million contract that's the largest ever in pro sports. For context, the sad-sack Oakland Athletics paid less for their entire roster over the past 10 years.

Why it matters: If such contracts become the norm, they could become a liability drag on future Major League Baseball team sale prices.

The new Wizards and Capitals arena would be set on the banks of the Potomac River within a new entertainment campus, according to plans unveiled by the teams.

The big picture: The plans envision the teams relocating from downtown D.C. to the Potomac Yard neighborhood in Alexandria.

Forget quiet quitting, employers are doing quiet layoffs now amid a slowing job market for white-collar workers.

What's happening: Workers get advance notice that they're being laid off — so they're working for additional weeks or even months for an employer who's told them the end is nigh, the Wall Street Journal reports.

Despite "tipflation" and "tipping fatigue," most Americans are planning to be as generous in holiday tipping this season as they were last year — if not more.

Why it matters: Tipping has become a fraught issue as the pandemic — and point-of-sale tip screens — pushed up the amounts we pay service workers and the number of times we're asked to tip.

Netflix has for the first time released an engagement report detailing viewing data for thousands of shows and movies.

Why it matters: The streaming giant has long faced criticism about transparency, and this emerged as a key issue during this year's Hollywood strikes.

The sudden collapse of SmileDirectClub has stranded users of its clear-plastic, removable teeth aligners — in some cases just weeks after they were given a discount for paying up front.

Why it matters: Customers experiencing problems with their treatment will not be able to get new aligners, treatment, or other support from the company.

Zulily, an online retailer owned by private equity firm Regent LP, is shutting down and blaming Amazon via an antitrust lawsuit.

Why it matters: This isn't the first time that an e-commerce company has accused Amazon of abusing its market power, although it's the first to leverage information contained in the FTC's recent lawsuit.

The largest pharmacy chains in the U.S. give patients' medical records to law enforcement without warrants, a new congressional investigation found.

Why it matters: Legislators urged the Department of Health and Human Services — for the second time this year — to revise HIPAA regulations to protect Americans' medical records.

The New York Times has hired an editorial director of artificial intelligence initiatives.

Why it matters: The new position comes as media organizations look to leverage artificial intelligence in the newsroom and experiment with the technology, while still grappling with ethical choices to protect public trust.

U.S. shale oil deals are booming, in defiance of the broader M&A slowdown and talk about an energy transition.

Driving the news: Occidental Petroleum yesterday said it would pay around $12 billion to buy CrownRock, an energy producer focused on the Permian Basin in West Texas.

French pharma company Sanofi scrapped a $750 million drug licensing deal with California-based Maze Therapeutics, just hours after the FTC sued to block the arrangement.

Why it matters: This is a significant, and de facto successful, expansion of the Biden administration's "killer acquisition" theory, to a drug that's still in the early stages of development.

KuCoin, a Seychelles-registered cryptocurrency exchange, has settled with New York State for $22 million over operating an unregistered exchange.

Details: New York Attorney General Letitia James announced the settlement today, detailing $16.7 million in refunds to residents of New York State who used the site and $5.3 million in fines.

The S&P 500 gains for the year pushed past 20% on Monday.

Why it matters: The broad market is on pace for its best performance since 2021, when it climbed almost 27%. Last year it shed 19.4%.

A Philadelphia-based mall owner's 2020 bankruptcy deal was supposed to provide a bridge to better times. But then the Federal Reserve started raising interest rates.

Driving the news: Pennsylvania Real Estate Investment Trust, or PREIT, filed for Chapter 11 bankruptcy late Sunday. The filing is effectively a "Chapter 22" — industry slang for a repeat filer.

Hasbro is laying off some 1,1000 employees, the toymaker announced Monday in a memo to staff that was shared in an SEC filing.

The big picture: The maker of children's favorites like Peppa Pig and Transformers action figures, along with Monopoly and the Dungeons & Dragons fantasy game has already laid off 800 workers, according to the memo.

Google's Play Store violates antitrust laws, a federal jury found Monday, deciding a lawsuit filed by Epic Games.

Why it matters: For years, Google and Apple have argued that their app stores' rules and restrictions exist to benefit consumers. This decision, if it survives the appeal process, could upend how the two major mobile operating systems control the distribution of third-party apps on devices.