What I read this week.
Here are a few things I found interesting this week on the web.
Microsoft Surface and Copilot Event - Microsoft's recent event unveiled AI-powered Copilot+ PCs, requiring high performance specs, and new Surface models featuring Qualcomm Snapdragon X Elite chipsets for improved efficiency. Windows 11 received updates to better support AI and Arm-based systems, introducing features like Recall and enhanced native app support.
The Highest Paid CEOs of 2023- In 2023, CEO pay reached new heights, with half of the top executives earning at least $15.7 million. Broadcom's Hock Tan led with $162 million, primarily in equity tied to long-term performance. Other top earners included Nikesh Arora of Palo Alto Networks ($151 million) and Stephen Schwarzman of Blackstone ($120 million). The median pay increase for S&P 500 CEOs was over 8%, reflecting strong shareholder returns.
Shares of Hims & Hers Health surge 27% after startup says it will offer GLP-1 injections -Hims & Hers Health is introducing compounded GLP-1 weight loss injections, starting at $199 per month. These injections will be available through prescriptions from licensed healthcare providers on their platform. The company plans to offer branded GLP-1 medications once supply stabilizes. Despite recent supply constraints, CEO Andrew Dudum is confident in maintaining consistent supply through partnerships with major generic manufacturers. Shares of Hims & Hers rose over 27% following the announcement. The company expects its weight loss program to generate over $100 million in revenue by the end of 2025.
Vanderpump Rules shows the limits of making money on reality TV - Reality TV stars on Bravo, including those from "Vanderpump Rules," often struggle financially despite their fame. The Scandoval scandal, where Tom Sandoval cheated on Ariana Madix, brought temporary financial gains and visibility to the cast, but many still face monetary challenges. Even with increased sponsorships and business ventures, they often lack financial stability, highlighting the limited economic mobility for reality stars.
The Fed probably won’t be delivering any interest rate cuts this summer-Investors are likely facing a summer without Federal Reserve interest rate cuts due to strong economic data and cautious policymaker comments. Traders now expect only one rate cut by year-end. This has resulted in stock market declines and a shift in futures pricing. The Fed remains concerned about persistent inflation and stable economic growth, with some members even considering further hikes if inflation worsens. The upcoming personal income and spending report will be critical in shaping future Fed decisions.
Other things to check out:
Things to stream
Books
Rocky Mountain High: A Tale of Boom and Bust in the New Wild West by Finn Murphy
Dopamine Nation: Finding Balance in the Age of Indulgence by Anna Lembke, MD
Build: An Unorthodox Guide to Making Things Worth Making by Tony Fadell
Found on X…
