The monopoly trial of the century is about to begin...
September 11, 2023 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [LiquidPiston]( Good morning (phew, itâs still the morning). Apologies for the lengthy delayâI probably shouldnât have let Daniel Jones press the send button. What actually happened: We got hit with a rare technical issue. Our team is working it out so that the newsletter will hit your inbox right on time tomorrow. As always, thanks for reading, even if it is over a lunch martini rather than coffee. Have a great day. âNeal Freyman MARKETS: YEAR-TO-DATE Nasdaq 13,761.53 +32.49% S&P 4,457.49 +16.56% Dow 34,576.59 +4.35% 10-Year 4.271% +39.1 bps Bitcoin $25,844.92 +56.19% Canopy $0.93 -59.66% *Stock data as of market close, cryptocurrency data as of 3:00pm ET. [Here's what these numbers mean.]( - Markets: All three major indexes fell last week, but if youâre looking for a sector thatâs displaying green shoots, check outâ¦well, cannabis. Though down significantly for the year, cannabis stocks like Canopy Growth have [surged]( in the past week following moves by the government to bring more financial transparency to the sector. Last Wednesday, Senate Banking Chair Sherrod Brown said an agreement over cannabis banking legislation was âimminent.â  TECH [The US government takes on Google in historic trial](
[The Google logo in pieces]( Francis Scialabba When Google was founded 25 years ago, the startup was a small fish in a big pond of possible ways to search the web. Fast forward to today, and Google controls 90% of the search engine market. Whether or not it achieved this monopoly status through illegal means is at the heart of a blockbuster antitrust trial that begins tomorrow. U.S. et al. v. Google is the US governmentâs [biggest monopoly trial]( since 1998, when Bill Gatesâs Microsoft empire was taken to court over anti-competitive behavior. What happens in this trial could shake up the power dynamics of Silicon Valley, where tech companies are already figuring out how to manage the once-in-a-generation disruption of AI. Dramatic stuff! The governmentâs argument The Department of Justiceâs case focuses on Googleâs agreements with hardware companies like Apple that make Google search the default option on iPhones and other devices. The DOJ says such dealsâworth billions of dollars each yearârepresent an illegal abuse of monopoly power by Google to quash rival search engines. As any student of behavioral economics knows, it requires a lot of effort for someone to opt out of the default option. - An exec at the privacy-focused search engine DuckDuckGo said an Android smartphone user would need to take 15 steps to select DuckDuckGo as the phoneâs default search engine. Still, Google claims that its agreements with other tech companies are not anti-competitive because, even though it may take a few clicks, a user is not blocked from selecting another default search engine. What to expect Over the 10 weeks of the trial, business A-listers such as Google CEO Sundar Pichai and Apple execs will dish piping-hot tech tea from the witness stand. Even if Google ultimately defeats the governmentâs challenge (like Microsoft and IBM before it), donât expect Pichai to wish anyone well following the verdict. The trial is a costly distraction that may dent Googleâs long-term growth trajectory. Have you ever gotten a lot of work done with someone looking over your shoulder? Â Â PRESENTED BY LIQUIDPISTON [Not your grandfatherâs engine](
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[A man carries a blanket as he walks over the rubble of buildings destroyed in yesterday's earthquake, on September 10, 2023 in Ouirgane, Morocco.]Carl Court/Getty Images Death toll from Morocco quake surpasses 2,100. The search for survivors [ramped up]( this weekend after a 6.8-magnitude earthquake struck Morocco Friday night, killing more than 2,100 people in the countryâs deadliest quake in 60 years. Rescue efforts focused on remote mountain villages near the epicenter of the earthquake while in the historic city of Marrakech, many residents concerned about the safety of their damaged homes slept outside for three straight nights. Countries around the world said they were prepared to send aid. Escaped murderer is still on the lam in Pennsylvania. The prison-break story captivating the nation took another turn this weekend when Pennsylvania State Police said the convicted murderer who escaped from prison last month stole a refrigerated van and [changed his appearance]( to evade authorities, which heâs been doing successfully for the past 11 days. Despite a convicted murderer sneaking around the area, the famous Kennett Square Mushroom Festival [went on as planned]( this weekend. Fun fact: Chester County, PA, accounts for half of US mushroom production. Djokovic, Gauff take home US Open trophies. Novak Djokovic [won his 24th major]( yesterday at Flushing Meadows, getting revenge on Daniil Medvedev, who beat him in the 2021 final. With his victory, Djokovic became the first player in the Open Era (beginning in 1968) to win 24 Grand Slams. On the womenâs side, American teen sensation Coco Gauff lifted her first Grand Slam trophy with a come-from-behind win against Aryna Sabalenka. Watch an eight-year-old Coco [dance]( in the same stadium where she would win the biggest match of her career 11 years later. TOGETHER WITH HEAR.COM
[Hear.com]( The ultimate conversation starter. The worldâs first-ever hearing aid with dual processing just hit the market, and itâs a game changer for anyone looking to hear more clearly in conversation. Itâs called [Horizon by hear.com](. See why audiologists are raving about this powerful German technology and [start your no-risk trial today](. TRADE [Why Bidenâs first Vietnam visit was a BFD](
[US President Joe Biden attends a welcoming ceremony hosted by Vietnam's Communist Party General Secretary Nguyen Phu Trong (2L) at the Presidential Palace of Vietnam in Hanoi on September 10, 2023. ]( Saul Loeb/AFP via Getty Images On his first visit to Vietnam on Sunday, President Biden was greeted by school kids waving American flags and flattery from General Secretary Nguyá»
n Phú Trong, who told Biden, âYou have nary aged a day.â A lot has changed since the Communist Partyâs victory in the Vietnam War in 1975 led to decades of ice-cold relations. These days, both countries see opportunity in becoming better friends and business partners: The US wants to strengthen its ties in Southeast Asia to counter Chinaâs influence in the region, and Vietnam wants to sell more stuff to the US, which is already its [biggest export market](. How we got here: Thanks to economic reforms in the 1990s, Vietnam has emerged as a global manufacturing hub. And with the USâChina relationship looking like a late-stage Jenga game, American companies have started to shift production there. Apple, Nike, Google, Dell, and Microsoft are among the multinationals that are moving to or expanding in Vietnam to reduce their reliance on Chinaâs factories. So, donât be surprised to see more âMade in Vietnamâ tags. Annual trade between the US and Vietnam has [more than doubled]( in just five years, per the WSJ.   CALENDAR [The (busy) week ahead](#)
[UAW President Shawn Fain]UAW President Shawn Fain. Jeff Kowalsky/AFP via Getty Images Auto strike looms: On Friday, production at the Big Three Detroit automakers could come screeching to a halt if a new contract between the companies and the United Auto Workers union isnât finalized by an 11:59pm Thursday deadline. Even a 10-day strike would likely send Michigan into a recession, per estimates from Anderson Economic Group. Apple set to unveil the iPhone 15: At its big hardware event tomorrow, Apple is expected to announce [the iPhone 15]( (in four new models). The charger situation at your home could get complicated because these new phones will have a USB-C charging port instead of the Lightning port Apple used previously. On behalf of all Android users, Iâd like to welcome Apple to the club. Elon Musk hits bookstores. Walter Isaacsonâs biography of the mercurial billionaire will be released tomorrow, and itâs sure to become a staple of fall book clubs. The book has already stirred geopolitical controversy from an excerpt about Muskâs involvement in Ukraine, but Isaacson tried to â[clarify]( this story on social media on Friday. Everything else⦠- Aaron Rodgers makes his debut for the NY Jets tonight. Spectrum cable subscribers may [not be able to watch it](.
- The MTV Video Music Awards are tomorrow night.
- Rosh Hashana begins Friday night. Shanah tovah!
- Lagers and dirndls will take over your Instagram when the 188th Oktoberfest festival starts Saturday in Munich. GRAB BAG [Key performance indicators](#)
[Justin Bieber drinking water]Guyism via Giphy Stat: ChatGPT is a literal thirst trap. OpenAIâs large language model [consumes 500mm of water]( (about the volume of a 16-ounce bottle) for every series of 5â50 prompts or questions due to the vast amount of water needed to cool the supercomputers that train the chatbot. That finding from the University of California, Riverside, researcher Shaolei Ren largely explains why tech giants have been using so much more water recently: AI data center investments. Microsoftâs global water consumption jumped 34% between 2021 and 2022, and Googleâs grew 20% in the same period, per the AP. Quote: âWe are aware of the pain that has been caused by the character letters that we wrote on behalf of Danny Masterson.â Another day, another awkward celebrity apology video. Ashton Kutcher and Mila Kunis, the power couple who starred alongside Danny Masterson in That â70s Show, tried to tamp down public outrage over [character letters]( they wrote for Masterson, who was sentenced to 30 years in prison for rape last week. In an Instagram video, Kutcher and Kunis stressed that they support victims of sexual violence and wrote the letters defending Mastersonâs character to a judge a âcouple of months agoâ at the request of Mastersonâs family. Read: The inside story of how the Navy spent billions on the âLittle Crappy Ship.â ([ProPublica]( NEWS [What else is brewing](#) - [Michigan State]( football coach Mel Tucker was suspended without pay amid an investigation into claims he sexually harassed a rape survivor and sexual violence educator.
- [Luis Rubiales]( who was criticized for kissing Spanish player Jenni Hermoso in a post-World Cup victory ceremony, resigned as president of the Spanish Football Federation.
- [The G20 meeting]( wrapped up in New Delhi with a statement that did not explicitly condemn Russian aggression against Ukraine, pleasing Moscow and upsetting Ukraine.
- [After the summit]( Canadian Prime Minister Justin Trudeau couldnât leave India because his plane had technical issues. Been there.
- [Treasury Secretary Janet Yellen]( said she is âfeeling very goodâ that the economy wonât enter a recession as inflation recedes.
- [Phoenix, AZ]( temperatures topped 110 degrees Fahrenheit for the 54th day this year, a new record. RECS
[Monday to-do list image] Travel from your desk: With the [Rare Earth channel]( on YouTube. Watch: The [real reason]( NFL stadiums have so many luxury suites. Cook smarter: A library of [food tips](. Cook even smarter: Hereâs a [visual guide]( to the cuts of beef. Improve confidence in bed: MysteryVibeâs [Tenuto 2]( is a game changer for male sexual stamina and performanceâand designed to stimulate her. [Get 20% off]( *A message from our sponsor. GAMES [The puzzle section](#) Turntable: Cure your Week 1 NFL hangover (especially if youâre a Steelers fan) by [playing todayâs Turntable](. Common words Someone asked Duolingo, âAre there any words that all languages have in common?â Researchers at the language app looked into it and identified two words that sound remarkably similar across all languages. Can you identify those two words? Of course, even one would be impressive. SHARE THE BREW [Share Morning Brew]( with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. Weâre saying weâll give you free stuff and more friends if you share a link. One link. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others:
[morningbrew.com/daily/r/?kid=4904f90a]( ANSWER Coffee (originating from the Arabic word ÙÙÙØ© qahwah) and chocolate (based on a Nahuatl word or phrase for a drink made of ceiba and cocoa). [Read the blog](. Word of the Day Todayâs Word of the Day is: on the lam, meaning âin flight, especially from the police.â Thanks for the suggestion, Janet from Springfield, MO. [Submit another Word of the Day here](. ⢠A Note From LiquidPiston This is a paid advertisement for LiquidPistonâs Regulation A+ Offering. Please read the offering circular at [invest.liquidpiston.com](. Written by [Neal Freyman]( Was this email forwarded to you? Sign up [here](. Take The Brew to work - Marketers: [Marketing Brew](
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