Happy Thursday.
Here’s today’s ITK Daily.
To be ITK, know this:
China, Russia, Iran hold joint military drills in Gulf of Oman: WSJ reports growing cooperation between the three countries presents a challenge to US interests in the Middle East.
US vs. China: How China is playing catch-up on nuclear-submarine tech: Can China’s new JL-3 missile and Type 096 submarine compete with US Navy’s technology? WSJ
Analysis: Heavyweight Xi Jinping gives himself a lightweight cabinet: Economic ministers are marginalized as the CCP takes over policymaking. Nikkei
Joint patents with China pose pitfalls in US-led decoupling: American, Japanese filings on EV tech exposed to Beijing's leverage in trade battle. Nikkei
After South Korea’s icebreaker, its president is welcomed to Tokyo: NYT reports the first such visit to Japan by a South Korean president in 12 years is a tangible step toward thawing relations, but both leaders face challenges.
Yoon seeks to hasten military, supply chain cooperation with Japan: Nikkei reports South Korean president says the US allies are in talks to lift export controls.
WP: Senate confirms Eric Garcetti as ambassador to India
NYP: Newark duped in ‘sister city’ scam by nonexistent Hindu nation Kailasa
How a penny-stock company sold the Pentagon on small drones for Ukraine: Cyberlux CEO’s trip to Kyiv helps short-circuit Defense Department’s lumbering procurement system. WSJ
War in Ukraine becomes an issue in Republican presidential primary: Le Monde reports from Donald Trump to Nikki Haley to Ron DeSantis, the declared or potential candidates have disparate views on the conflict in Europe.
Macron and Africa, a relationship proving tough to rebuild: On the occasion of a quick trip to Gabon, Angola, Congo, and DRC, the French president aimed to restore relationships between France and the continent, but has little to show. Christophe Châtelot
Bin Laden? Never trust a man with a beard like that, Saddam Hussein told FBI: Toppled president had contempt for al-Qaeda leader and said Iraq’s weapons claims were a bluff to deter Iran, reveals special agent George Piro. The Times
Mike Pence is warning us about Trump: But we’re too complacent to hear it. Tom Nichols
Steps from the Capitol, Trump allies buy up properties to build MAGA campus WP
The Times: Credit Suisse shares fall by over 30% in European banking sell-off
Swiss National Bank will provide Credit Suisse financial support ‘if necessary’: WP reports the Swiss central bank signals that Credit Suisse is not in immediate danger, but the announcement adds uncertainty about global bank stability in the wake of Silicon Valley Bank’s collapse.
At what point can Credit Suisse no longer be able to use the Matterhorn? 🇨🇭
How Washington decided to rescue Silicon Valley Bank’s depositors: Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly. NYT
The 72-hour scramble to save the United States from a banking crisis WP
What the loss of Silicon Valley Bank means for Silicon Valley: Regulators prevented a cash crunch—but venture capital has not emerged unscathed. Economist
WSJ: There’s a run on Silicon Valley Bank swag
AI is reviving San Francisco’s tech scene. Welcome to ‘Cerebral Valley.’: The money and power flooding into AI are warping and intensifying the typical Silicon Valley gold rush, now set to explode with the launch of GPT-4. WP
NASA unveils a new spacesuit astronauts will wear on the moon: WP reports developed by Axiom Space, the suits would be an upgrade from the ones used during the Apollo era.
New Moon suit for NASA’s Artemis astronauts unveiled: Axiom Space is building the new spacesuits in a commercial partnership similar to the one between the space agency and SpaceX. NYT
Drugs in orbit: One startup’s big idea for microgravity: Varda Space Industries has built a lab to make novel pharmaceuticals in a space capsule, then drop them into the Utah desert. Bloomberg
EVs finally land at North America’s biggest machinery conference: The move to electric has been incredibly slow for equipment producers in the US but that’s changing. Bloomberg
Why Spotify wants to look like TikTok, with co-president Gustav Söderström The Verge
Can Apple really start a classical-music revolution? The tech giant is about to launch the world’s largest classical streaming service on its new app. But how will it work? Telegraph
Who is still inside the metaverse? Searching for friends in Mark Zuckerberg’s deserted fantasyland. Paul Murray
Mark Zuckerberg on how to run a company in 2023: Meta CEO outlines his management vision in a memo to employees: ‘Flatter is faster.’ WSJ
Meta layoffs reveal a deeper truth: Tech exceptionalism is dead: Silicon Valley for too long equated rapid head-count growth with success. Beth Kowitt + Parmy Olson
‘Iger is stuck’: Disney chief debates future of Hulu and ESPN: Selling off streaming service or sports network would sharpen focus on superbrands such as Marvel and Star Wars. FT
@samueljrob: Imagine a Michigan/Detroit where all the talented graduates never left
What’s Kellanova? How Kellogg’s snack company got its new name: WSJ reports the maker of Cheez-It and Frosted Flakes is splitting its business in two—a snacks business and one for North American cereals.
Kellanova.
😳
This is so beautifully Michigan... "It incorporates the Latin word 'nova.'meaning new, the name reflects the company’s past and its future, according to Kellogg."
“It was such a daunting task because you’re renaming something that is a household name,” Kellogg’s Chief Executive Steve Cahillane said in an interview.
😳
Plus, I can't stop seeing Heluva Good!
Three questions:
How big was the committee?
How many other exciting names got scratched?
How much was the spend?
WSJ: Ryan Reynolds sells Mint Mobile for $1.35 billion to T-Mobile
I'm sooo happy for Ryan...
USC buys home for a new campus in Washington: WP reports the $49.4-million purchase of a building near Dupont Circle gives the University of Southern California a significant site in the capital.
Quentin Tarantino’s final film: Hollywood awaits The Movie Critic: Insiders speculate Pauline Kael of The New Yorker is cult director’s inspiration. The Times
Soccer’s perpetual president: Why Gianni Infantino can’t lose: Infantino has all the support he needs to sweep to another term leading the world’s most popular sport. That is precisely the problem, critics of his leadership say. But they don’t get to vote. NYT
Champions League - Quaterfinalists:
Bayern
Benfica
Chelsea
Inter
Manchester City
Milan
Napoli
Real Madrid
Enjoy the ride + plan accordingly.
-Marc
Marc A. Ross | Chief Communications Strategist @ Caracal
Caracal produces ITK Daily.
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