Data: AlphaWise, Morgan Stanley Research; Chart: Axios Visuals
Fresh survey results from users of so-called GLP-1 weight loss drugs provided a projection for some changes to what people will be eating in the future.
That includes less ice cream and cookies, but more protein bars and trail mix.
Between the lines: Morgan Stanley surveyed 300 people in February currently taking GLP-1 drugs, such as Ozempic, Wegovy and Mounjaro/Zepbound.
71% of those surveyed reported consuming less ice cream (4% reported eating more), the biggest change in an single category tracked in the survey.
African pop star Davido is moving to exec mode with the launch of his new label, Nine+ Records.
Why it matters: The label will allow new artists to own their masters, pocket all of their royalties and release music to fans when they want.
Catch up quick: David Adeleke, known as Davido, is one of the pioneers of the Afrobeats subgenre in the U.S., and was a nominee for the very first best African music performance award at this year's Grammys.
State of play: Davido is partnering withUnitedMasters CEO Steve Stoute on the deal, which covers genres beyond Afrobeats.
Artists will have access to UnitedMasters' platform and get help with distribution, promotion and marketing.
Context: Traditionally, musicians signed to a major music label like Sony or Columbia Records abide by a schedule to release music.
What they're saying: "The ability for artists to create with the sense of freedom that they're not making [music] for anything other than what is pure to their heart, soul and creativity comes from a structure of independence," Stoute told Axios.
"I'm trying to teach these new artists that [they] don't have to do what I did," said Davido. "This is a platform where [the artists] are free. I give them 100% creative control."
Manish Lachwani is co-founderand former CEO of mobile app-testing company HeadSpin, which once was valued at more than $1 billion by venture capitalists. He's also about to become a federal inmate.
Why it matters: This is a stark reminder that "fake it 'till you make it" cannot include providing false information to investors, even if those investors are later made whole.
London-based private equity firm CVC Capital Partnershas set an IPO range that could value it at up to $16 billion, with plans to begin trading Friday in Amsterdam.
Why matters: This would be the largest private equity firm to go public since TPG in early 2022, and comes ahead of an expected listing later this year from General Atlantic.
As the Arizona Coyotes decamp to Utah, the team's fraught history in the Phoenix area illustrates a pattern in big-league sports: A city can't get a team without public money, but taxpayer support is no guarantee they'll stay.
Why it matters: Salt Lake City is considering a sales tax hike to cover up to $1 billion in bonds for downtown renovations, including stadium space, for the new hockey team.
Amazon's grown so large that it's causing price inflation online, writes Wall Street Journal reporter Dana Mattioli in "The Everything War," out Tuesday.
Why it matters: The book chronicles the Seattle company's rise from scrappy underdog to a massive conglomerate — and suggests that it has hurt other businesses and consumers.
Commerce Secretary Gina Raimondo said in an interview airing Sunday she's focused on preventing the governments of China and Russia from obtaining U.S.-designed advanced microchips due to national security concerns.
The big picture: "If you think about national security today in 2024, it's not just tanks and missiles; it's technology. It's semiconductors. It's AI. It's drones," she told CBS' "60 Minutes." "And the Commerce Department is at the red-hot center of technology."
In what is being called a "monumental" and "historic" win for local news, New York lawmakers have approved $90 million worth of payroll tax credits to hire local journalists in the state's fiscal year 2025 budget.
Why it matters: It's the largest sum any state has devoted to local news.
