• Built Rewards, the credit card for points back on rent, was in fact too good to be true. Wells Fargo is losing $10M per month in its partnership and will continue to do so through 2029 (WSJ).

• Fisker electric SUV maker filed for bankruptcy (CNN).

• SpaceX will release a backpack-sized ‘Starlink Mini’ satellite internet antenna for $599 (CNBC).

• McDonald’s released a $5 value meal, intensifying the fast food price war (YAHOO).

• London leads in the # of AI startup investments in Europe, while France leads in the total amount of $ raised (TC).

• Netflix will launch mega experience stores in two U.S. malls (AXIOS).

• Birth rates in rich countries halved to hit record lows (REUTERS).

• UAE is now the top destination for millionaire migration in 2024 (BI).

• McDonald's is killing its AI drive-thru ordering after snafus (AXIOS).

• Apple’s slow rollout of intelligence features will stretch into 2025 (BBG).

• Israel warns of escalation from cross-border fire from Hezbollah (REUTERS).

• Former NSA head joined OpenAI’s board (CNBC).

• Why the Olympics are so expensive (SUBSTACK).

• Ukraine has a navy that needs no sailors (ECONOMIST).

• Forerunner Ventures’ Kirsten Green on Consumer VC (TWIST PODCAST).

• Perplexity AI’s CEO on the future of AI and search (LEX FRIDMAN PODCAST)

• The CEO of cold emails speaks out (C&S PODCAST).

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