June 26, 2024 4:44 AM
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dailydozen@email.forbes.com
Walmart's China Play
Forbes reports on Fantasy Chess's fundraising and alliances in the EV sector between Rivian and Volkswagen, along with various business and tech updates.
Plus: ByteDance Doubles Down On TikTok Shop, Despite Threat Of A U.S. Ban ADVERTISEMENT BECOME A MEMBER • Newsletters • MyForbes Good morning, Here's a new option for fantasy sports fans—chess. Spearheaded by grandmaster Magnus Carlsen, the N
June 26, 2024 4:44 AM
-
dailydozen@email.forbes.com
Walmart's China Play
Forbes reports on Fantasy Chess's fundraising and alliances in the EV sector between Rivian and Volkswagen, along with various business and tech updates.
Plus: ByteDance Doubles Down On TikTok Shop, Despite Threat Of A U.S. Ban ADVERTISEMENT BECOME A MEMBER • Newsletters • MyForbes Good morning, Here's a new option for fantasy sports fans—chess. Spearheaded by grandmaster Magnus Carlsen, the N
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text-transform:uppercase; font-family:Work Sans,Arial,Helvetica,Sans Serif; color:#000000; font-size:12px; line-height:16px; letter-spacing:0.5px"><a href="#" style="color:#000000; text-decoration:none; white-space:nowrap">BECOME A MEMBER</a> • <a href="#" style="color:#000000; text-decoration:none; white-space:nowrap">Newsletters</a> • <a href="#" style="color:#000000; text-decoration:none; white-space:nowrap">MyForbes</a></td></tr></tbody></table></div><div><table align="center" width="100%" cellspacing="0" cellpadding="0" style="background:#ffffff; width:100%; max-width:600px"><tbody><tr><td colspan="2" align="center"><img src="https://sli.forbes.com/imp?s=887249&li=1719402253&e=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot&stpe=static" border="0" style="max-height:12px"></td></tr><tr><td colspan="2" align="left" valign="top" style="padding:0px"><a href="#"><img src="https://sli.forbes.com/imp?s=887245&li=1719402253&e=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot&stpe=default&li_coord=desktop&collapse_width=600" width="600" border="0" alt="" class="lihide" style="display:block; 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max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif">Good morning,<p>Here's a new option for fantasy sports fans—chess. </p><p>Spearheaded by grandmaster Magnus Carlsen, the <a href="#">Norway-based Fantasy Chess has raised $3 million from high-profile investors</a>, including billionaires Yuri Milner and Peter Thiel. <strong data-crdl-plugin="bold">“We’re trying to do more than just building a fantasy game,”</strong> says Carlsen.</p><p>Even though the chess startup is a novice, has no official product and just six employees, Carlsen has his eye on more than just fantasy. It’s looking to capitalize on pop culture, from Netflix’s <em data-crdl-plugin="italic">The Queen’s Gambit</em> to Twitch stars like U.S. grandmaster Hikaru Nakamura, the company wants to expand tournament streaming capabilities for elite players and even host events.</p><p>Let’s get into the headlines,</p></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-1"></div><div><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" style="width:100%; max-width:600px; background:#ffffff"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" valign="top"><p style="color:#333333; margin:0; padding:0; font-size:14px; font-family:Work Sans,Arial,Helvetica,Sans Serif; line-height:22px; letter-spacing:-0.2px"><strong>Danielle Chemtob </strong><a href="#" style="text-decoration:none"><span style="color:#737373; font-size:14px; font-family:Work Sans,Arial,Helvetica,Sans Serif; line-height:22px; letter-spacing:-0.2px">Staff Writer, Newsletters</span></a></p><p style="color:#737373; margin:0; padding:0; font-size:12px; font-family:Work Sans,Arial,Helvetica,Sans Serif; line-height:22px; letter-spacing:-0.2px">Follow me on <a href="#" style="color:#c41a23"><span style="color:#737373">Forbes.com</span></a></p></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-begin-section-2"></div><div data-crdl-tags="sculpt-block-daily-headline"><table class="mobile" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>FIRST UP</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table width="100%" border="0" align="center" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td style="padding-bottom:13px"><table class="mobile-padding" align="center" valign="top" width="100%" border="0" cellspacing="0" cellpadding="0" style="max-width:504px"><tbody><tr><td align="center" valign="top"><a href="#" style="text-decoration:none"><img width="100%" src="https://specials-images.forbesimg.com/imageserve/667bf6e0da4faf2d1f4e62b9/Volkswagen-Group-CEO-Oliver-Blume--left--and-Rivian-founder-and-CEO-RJ-Scaringe/960x0.jpg?cropX1=0&cropX2=1958&cropY1=40&cropY2=1141" style="width:100%; display:block; max-width:504px"></a></td></tr><tr><td align="left" valign="top" style="padding:8px 0 0 0; color:#737373; font-family:Work Sans bold,Arial,sans-serif; font-size:12px; line-height:16px; letter-spacing:0.2px"><a href="#" style="text-decoration:none"><span style="color:#737373">Volkswagen Group CEO Oliver Blume, left, and Rivian founder and CEO RJ Scaringe </span><span style="text-transform:uppercase; color:#737373; font-size:10px">RIVIAN</span></a></td></tr></tbody></table></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif">Upstart <a href="#">electric vehicle maker Rivian said Volkswagen is investing up to $5 billion in the firm</a> and that the two companies are forming a joint venture to develop an automotive software platform based on Rivian technology. The partnership <strong data-crdl-plugin="bold">positions Rivian to better compete with the leading EV maker Tesla</strong>, and Rivian shares jumped 50% in after-hours Nasdaq trading.<p>A Federal Reserve official known for having a more hawkish stance said <a href="#">she doesn’t expect an interest rate cut in 2024</a>, dousing optimism among the Biden Administration for a cut ahead of the presidential election. Michelle Bowman, one of the Fed’s seven governors and one of the 12 voters on the Federal Open Markets Committee, <strong data-crdl-plugin="bold">went against median projections for a single cut this year</strong>, saying she doesn’t expect lower interest rates until “future years.”</p></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-2"></div><div class="glueletter-begin-section-3"></div><div data-crdl-tags="sculpt-block-daily-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>BUSINESS + FINANCE</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table width="100%" border="0" align="center" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td style="padding-bottom:13px"><table class="mobile-padding" align="center" valign="top" width="100%" border="0" cellspacing="0" cellpadding="0" style="max-width:504px"><tbody><tr><td align="center" valign="top"><a href="#" style="text-decoration:none"><img width="100%" src="https://specials-images.forbesimg.com/imageserve/667bf7a341e348a7f83641d4/A-photo-illustration-of-the-Walmart-logo-on-a-screen-with-Chinese-characters-on-it-/960x0.jpg?cropX1=0&cropX2=1957&cropY1=97&cropY2=1198" style="width:100%; display:block; max-width:504px"></a></td></tr><tr><td align="left" valign="top" style="padding:8px 0 0 0; color:#737373; font-family:Work Sans bold,Arial,sans-serif; font-size:12px; line-height:16px; letter-spacing:0.2px"><span style="text-transform:uppercase; color:#737373; font-size:10px">SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES</span></td></tr></tbody></table></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>Walmart is </span><a href="#">encouraging sellers based in China to sell directly to U.S. customers through Walmart.com</a><span>, a major shift for the retail giant that used to only allow American-based companies to sell on its third-party marketplace. It’s a </span><strong data-crdl-plugin="bold">result of pressure from Amazon and fast-growing Chinese e-commerce companies</strong><span> Temu and Shein. "That’s [what] Amazon looks like, that’s the direction Walmart is going …There is no massive pool of international sellers elsewhere,” Juozas Kaziukėnas, Marketplace Pulse’s CEO, tells </span><em data-crdl-plugin="italic">Forbes.</em><p></p><p>Nvidia’s stock slightly recovered Tuesday, <a href="#">closing up more than 6% after a massive three-day selloff</a> that ended its brief standing as the world’s most valuable public company. Nvidia’s market cap jumped back above $3 trillion <strong data-crdl-plugin="bold">after falling Monday in a dip that didn’t appear to have a clear catalyst</strong>. The company’s share price, fueled by the AI craze, is still up more than 150% since the start of the year.</p></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-3"></div><div class="glueletter-begin-section-4"></div><div class="glueletter-end-section-4"></div><div class="glueletter-begin-section-5"></div><div data-crdl-tags="sculpt-block-daily-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>TECH + INNOVATION</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif">Venture capital <a href="#">plays a crucial role for the highest growth startups</a>, plus they receive benefits like alternative funding sources, valuable mentorship and industry connections. But, as highlighted by the speakers at the ForbesBLK Summit, <strong data-crdl-plugin="bold">Black founders struggle to receive a slice of that funding</strong>:<strong data-crdl-plugin="bold"> </strong>Startups run by Black women received just 0.34% of U.S. venture capital dollars in 2022.<p>A fund that <a href="#">seeks to profit from the Solana Foundation’s recently outsourced engineering</a> and product-design competitions has<strong data-crdl-plugin="bold"> raised $60 million that could help the blockchain attract new developers. </strong>Solana only has about 20% of the development resources that rival Ethereum has working on projects based on their respective blockchains, venture capital firm Electric Capital estimates. </p></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-5"></div><div><table align="center" width="100%" cellspacing="0" cellpadding="0" style="background:#ffffff; width:100%; max-width:600px"><tbody><tr><td align="center" valign="top" style="padding-top:15px; padding-bottom:15px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" data-lt-version="3.0.0" style="width:100%; max-width:552px"><tbody><tr><td colspan="2" align="center" style="line-height:1px"><a href="#"><img src="https://sli.forbes.com/imp?s=841384&li=1719402253&e=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot&stpe=static" border="0" style="display:block; max-height:12px"></a></td></tr><tr><td colspan="2" style="line-height:1px"><a href="#"><img src="https://sli.forbes.com/imp?s=841380&li=1719402253&e=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot&stpe=default&li_coord=desktop&collapse_width=552" width="600" border="0" class="lihide" style="display:block; width:100%!important; max-width:600px!important"></a></td></tr><tr class="lishow" style="display:none"><td colspan="2" style="line-height:1px"><a href="#"><img src="https://sli.forbes.com/imp?s=841380&li=1719402253&e=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot&stpe=default&li_coord=mobile&collapse_width=475" border="0" width="475" style="display:block!important; width:100%!important; max-width:475px!important"></a></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-begin-section-6"></div><div data-crdl-tags="sculpt-block-daily-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>MONEY + POLITICS</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table width="100%" border="0" align="center" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td style="padding-bottom:13px"><table class="mobile-padding" align="center" valign="top" width="100%" border="0" cellspacing="0" cellpadding="0" style="max-width:504px"><tbody><tr><td align="center" valign="top"><a href="#" style="text-decoration:none"><img width="100%" src="https://specials-images.forbesimg.com/imageserve/667b75bc0bd09e62ad540207/House-Democrats-Hold-A-News-Conference-On-A-Banned-Books-Resolution/960x0.jpg?cropX1=0&cropX2=2715&cropY1=80&cropY2=1608" style="width:100%; display:block; max-width:504px"></a></td></tr><tr><td align="left" valign="top" style="padding:8px 0 0 0; color:#737373; font-family:Work Sans bold,Arial,sans-serif; font-size:12px; line-height:16px; letter-spacing:0.2px"><a href="#" style="text-decoration:none"><span style="color:#737373">Rep. Jamaal Bowman, D-N.Y. </span><span style="text-transform:uppercase; color:#737373; font-size:10px">GETTY IMAGES</span></a></td></tr></tbody></table></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>Westchester County Executive George Latimer </span><a href="#">defeated progressive Rep. Jamaal Bowman, D-N.Y., in a primary election</a><span> on Tuesday, making Bowman the first progressive "Squad" member to be ousted from Congress. The race—</span><strong data-crdl-plugin="bold">widely seen as the most expensive House primary in U.S. history</strong><span>—underscored the divide among Democrats on the Israel-Hamas war, as the pro-Israel lobbying group AIPAC poured nearly $15 million into the race to unseat Bowman.</span></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-6"></div><div class="glueletter-begin-section-7"></div><div class="glueletter-end-section-7"></div><div class="glueletter-begin-section-8"></div><div class="glueletter-end-section-8"></div><div class="glueletter-begin-section-9"></div><div data-crdl-tags="sculpt-block-daily-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>SCIENCE + HEALTHCARE</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>Gun violence is a public health crisis, Surgeon General Vivek Murthy declared in a first-of-its-kind advisory Tuesday, </span><a href="#">highlighting the sharp increase in gun-related deaths</a><span> across the country, especially among children and adolescents. According to the advisory, </span><strong data-crdl-plugin="bold">gun violence has been the leading cause of death among Americans ages 1 to 19</strong><span> since 2020—exceeding vehicle accidents, poisoning (both drug and non-drug-related) and cancer.</span></td></tr></tbody></table></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>WORLD</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-end-section-9"></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>WikiLeaks founder </span><a href="#">Julian Assange pleaded guilty Tuesday to one charge of violating</a><span> the Espionage Act, following through on a plea deal for his freedom and </span><strong data-crdl-plugin="bold">effectively ending a decade-plus legal saga.</strong><span> Assange reached the plea deal after years of fighting extradition, a dropped sex crime investigation, indictments and time in London’s Belmarsh Prison.</span></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-begin-section-10"></div><div data-crdl-tags="sculpt-block-daily-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>TRAVEL + LIFESTYLE</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>Some </span><strong data-crdl-plugin="bold">good news if you’re traveling this Fourth of July weekend: </strong><a href="#">Gas prices and domestic airfare are both down</a><span> compared to last year. A gallon of regular gas currently costs $3.47, on average, according to the latest AAA data, a 3% drop from this time last year. Meanwhile, domestic airfare for the holiday weekend is averaging $263 per ticket, according to the travel app Hopper, down 18% from last year.</span></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-10"></div><div class="glueletter-begin-section-11"></div><div class="glueletter-end-section-11"></div><div class="glueletter-begin-section-12"></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" valign="top" style="padding-top:14px; padding-bottom:0px"><div><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:552px; border:1px solid #e3e3e3; border-bottom:0"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important"><tbody><tr><td align="center" valign="top"><table align="center" valign="top" width="100%" style="max-width:504px; padding-bottom:5px; padding-top:18px"><tbody><tr><td align="left" valign="top"><a href="#" style="display:block; text-decoration:none; color:#DC0000"><strong style="border-style:none; border:0; text-transform:uppercase; font-size:22px; font-family:Work Sans bold,Arial,Helvetica,sans-serif; font-weight:bold; line-height:32px; letter-spacing:0.2px; color:#DC0000!important">DAILY COVER STORY</strong></a></td></tr></tbody></table></td></tr><tr><td align="center" valign="top"><table align="center" valign="top" width="100%" border="0" cellspacing="0" cellpadding="0" style="max-width:504px"><tbody><tr><td align="center" valign="top"><a href="#" style="text-decoration:none"><img width="100%" src="https://images.cordial.com/869/1920x1080/16x9-Illustration-By-Alex-Castro.jpg" style="width:100%; display:block; max-width:504px"></a></td></tr><tr><td align="left" valign="top" style="padding:8px 0 0 0; color:#737373; font-family:Work Sans bold,Arial,sans-serif; font-size:12px; line-height:16px; letter-spacing:0.2px"><a href="#" style="display:block; text-decoration:none; color:#737373"><span style="text-decoration:none; color:#737373!important"></span> <span style="text-decoration:none; text-transform:uppercase; font-size:10px">ILLUSTRATION BY ALEX CASTRO FOR FORBES; PHOTOS BY PHOTOALTO/ALE VENTURA/DNY59/ISTOCK/GETTY IMAGES</span></a></td></tr></tbody></table></td></tr><tr><td align="center" valign="top"><table align="center" valign="top" width="100%" style="max-width:504px; padding:8px 0"><tbody><tr><td align="left" valign="top"><strong style="border-style:none; border:0; text-align:left; text-decoration:none; font-size:20px; font-family:'Merriweather',Georgia,serif; font-weight:bold; line-height:32px; letter-spacing:0.2px; color:#333333!important">ByteDance Doubles Down On TikTok Shop, Despite Threat Of A U.S. Ban</strong></td></tr></tbody></table></td></tr><tr><td align="center" valign="top"><table align="center" valign="top" width="100%" style="max-width:504px; padding:8px 0"><tbody><tr><td align="left" valign="top"><table align="left" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:auto"><tbody><tr><td align="left" width="93" valign="top" style="border-bottom:2px solid #dc0000; white-space:nowrap"><a href="#" style="display:block; border-style:none!important; border:0!important; text-decoration:none; color:#ffffff"><strong style="display:block; border-style:none!important; border:0!important; text-decoration:none; font-size:16px; font-family:Work Sans,Arial,Helvetica,Sans Serif; font-weight:bold; line-height:1.5; letter-spacing:-0.2px; color:#333333; margin:0; padding:0">Read Article</strong></a></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-dcs-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%!important; max-width:600px"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important; border:1px solid #e3e3e3; border-bottom:0; border-top:0"><tbody><tr><td class="mobile-padding" align="center" style="padding-top:20px; padding-bottom:10px"><div><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#000000; font-size:18px; line-height:22px; text-transform:uppercase"><strong>TOPLINE</strong></td></tr></tbody></table></div></td></tr></tbody></table></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-dcs-rich-text-editor"><table align="center" width="100%" bgcolor="#FFFFFF" border="0" cellspacing="0" cellpadding="0" data-crdl-linkappend-section="" style="width:100%; max-width:600px; padding-bottom:0px"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important; border:1px solid #E3E3E3; border-bottom:0; border-top:0"><tbody><tr><td class="mobile-padding" align="center" style="padding-top:8px; padding-bottom:10px"><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:24px; font-family:Georgia,serif">TikTok might be fighting for its life to continue operating in the United States, but that hasn’t stopped its China-based parent company ByteDance from betting on its newest growth machine: TikTok Shop.<p>Since President Joe Biden signed the law that threatens to ban TikTok nationwide, <strong data-crdl-plugin="bold">TikTok Shop has grown rapidly. </strong>Data from Route, an app that millions of online shoppers use to track all their e-commerce purchases in one place, shows a 13 percent jump in orders from TikTok Shop from April to May—almost double the average monthly increase (7 percent) since the beginning of this year. </p><p>When TikTok Shop was introduced in the U.S. last September, it <strong data-crdl-plugin="bold">quickly became the internet’s new favorite dollar store</strong>—setting itself apart from American e-commerce rivals like Amazon by focusing less on common staples and more on cheap, often heavily discounted novelty items and funky special purpose products reflective of the internet trend du jour. </p><p>By the beginning of 2024, the social media company was gunning to grow Shop tenfold in the U.S. to some $17.5 billion in sales, per Bloomberg, making it a core part of TikTok’s overall business that <strong data-crdl-plugin="bold">some estimate to be worth more than $100 billion.</strong></p><p>Even after the divest-or-ban law passed in late April, ByteDance didn’t slow down. Instead, it reportedly halted expansion of TikTok Shop in Europe in May to pour resources into tightening its grip on the American market. TikTok now appears to be hiring hundreds of employees in the U.S. to support those efforts, according to job listings for TikTok Shop posted on the company’s career page and LinkedIn.</p><p>But TikTok Shop’s growth—and potential downfall—<strong data-crdl-plugin="bold">may prove to be a boon for China-based rivals Temu and Shein</strong>, both of which are growing rapidly in the U.S. </p><p>If the app does get banned in the U.S., the people spending millions on TikTok Shop would likely turn to the Chinese e-commerce companies rather than Walmart or Amazon, said Route CEO Michael Yamartino.</p></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-dcs-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important; border:1px solid #e3e3e3; border-bottom:0; border-top:0"><tbody><tr><td class="mobile-padding" align="center" style="padding-top:20px; padding-bottom:10px"><div><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#000000; font-size:18px; line-height:22px; text-transform:uppercase"><strong>WHY IT MATTERS</strong></td></tr></tbody></table></div></td></tr></tbody></table></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-dcs-rich-text-editor"><table align="center" width="100%" bgcolor="#FFFFFF" border="0" cellspacing="0" cellpadding="0" data-crdl-linkappend-section="" style="width:100%; max-width:600px; padding-bottom:0px"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important; border:1px solid #E3E3E3; border-bottom:0; border-top:0"><tbody><tr><td class="mobile-padding" align="center" style="padding-top:8px; padding-bottom:10px"><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:24px; font-family:Georgia,serif"><span>Its efforts appear to have paid off so far. The fact that TikTok Shop has largely gained momentum since President Biden signed the divest-or-ban bill shows </span><strong data-crdl-plugin="bold">just how little regulatory scrutiny has deterred the platform’s popularity </strong><span>in the U.S. </span></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-dcs-headline"><table align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important; border:1px solid #e3e3e3; border-bottom:0; border-top:0"><tbody><tr><td class="mobile-padding" align="center" style="padding-top:20px; padding-bottom:10px"><div><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#000000; font-size:18px; line-height:22px; text-transform:uppercase"><strong>MORE</strong></td></tr></tbody></table></div></td></tr></tbody></table></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#FFFFFF" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px; padding-bottom:25px"><tbody><tr><td align="center" valign="top"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" bgcolor="#FEF7F7" style="width:100%; max-width:552px; background:#FEF7F7!important; border:1px solid #E3E3E3; border-top:0"><tbody><tr><td class="mobile-padding" align="center" style="padding-top:8px; padding-bottom:20px"><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:24px; font-family:Georgia,serif"><a href="#">How TikTok Shop Became The Internet’s Favorite New Dollar Store</a></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-12"></div><div><table align="center" width="100%" cellspacing="0" cellpadding="0" class="p100" style="background:#ffffff; width:100%; max-width:600px; border-top:1px solid #555555; border-bottom:1px solid #555555"><tbody><tr><td align="center" valign="top" style="height:9px; padding-top:15px"><p style="font-family:Arial,Helvetica,Sans Serif; color:#999999; font-size:10px; line-height:15px; text-align:center">ADVERTISEMENT</p></td></tr><tr><td align="center" style="width:600px; padding-bottom:15px"><table cellpadding="0" cellspacing="0"><tbody><tr><td colspan="2"><a href="#"><img width="600" src="https://sli.forbes.com/imp?s=720597&li=1719402253&m=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot" style="width:100%; max-width:600px"></a></td></tr><tr><td align="left"><a href="#"><img src="https://sli.forbes.com/imp?s=720598&li=1719402253&m=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot"></a></td><td align="right"><a href="#"><img src="https://sli.forbes.com/imp?s=720600&li=1719402253&m=f9098a58a245b1342cab9e566221a261&p=869:667b117abf7088ab260e9e9e:ot"></a></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-begin-section-13"></div><div data-crdl-tags="sculpt-block-daily-headline"><table class="mobile" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>FACTS + COMMENTS</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>The </span><a href="#">boom in demand for weight loss drugs like Wegovy and Ozempic</a><span> may have </span><strong data-crdl-plugin="bold">caused a spike in cosmetic procedures last year</strong><span>, such as fillers, Botox, facelifts and neck lifts. According to a new report, rapid weight loss caused by the medication can result in decreased skin elasticity:</span></td></tr></tbody></table></td></tr></tbody></table></div><div data-crdl-tags="sculpt-block-daily-facts-and-comments"><table width="100%" align="center" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center"><div><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="center"><p style="font-family:'Merriweather',Georgia,serif; margin:0; line-height:28px; font-size:20px; text-align:center; color:#DC0000; padding-top:16px">5%</p></td></tr><tr><td align="center"><p style="max-width:344px; margin:0; color:#333333; line-height:16px; font-size:12px; font-family:Work Sans,Arial,Sans Serif; padding-bottom:16px"><span>The increase in plastic surgeries compared to 2022, the American Society of Plastic Surgeons found</span></p></td></tr><tr><td align="center"><table align="center" cellpadding="0" cellspacing="0" width="40"><tbody><tr><td width="40" style="height:1px; border-bottom:1px #333333 solid; font-size:0; line-height:0; width:40px"> </td></tr></tbody></table></td></tr></tbody></table></div></td></tr><tr><td align="center"><div><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="center"><p style="font-family:'Merriweather',Georgia,serif; margin:0; line-height:28px; font-size:20px; text-align:center; color:#DC0000; padding-top:16px">Nearly 9.5 million</p></td></tr><tr><td align="center"><p style="max-width:344px; margin:0; color:#333333; line-height:16px; font-size:12px; font-family:Work Sans,Arial,Sans Serif; padding-bottom:16px"><span>The number of neuromodulator injections (including Botox), performed in 2023, making them the most popular minimally invasive cosmetic procedures</span></p></td></tr><tr><td align="center"><table align="center" cellpadding="0" cellspacing="0" width="40"><tbody><tr><td width="40" style="height:1px; border-bottom:1px #333333 solid; font-size:0; line-height:0; width:40px"> </td></tr></tbody></table></td></tr></tbody></table></div></td></tr><tr><td align="center"><div><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="center"><p style="font-family:'Merriweather',Georgia,serif; margin:0; line-height:28px; font-size:20px; text-align:center; color:#DC0000; padding-top:16px">9 million</p></td></tr><tr><td align="center"><p style="max-width:344px; margin:0; color:#333333; line-height:16px; font-size:12px; font-family:Work Sans,Arial,Sans Serif; padding-bottom:16px"><span>The number of prescriptions for Wegovy and Ozempic in the last months of 2022, a 300% increase from 2020</span></p></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-end-section-13"></div><div class="glueletter-begin-section-14"></div><div data-crdl-tags="sculpt-block-daily-headline"><table class="mobile" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>STRATEGY + SUCCESS</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:20px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>If your job search has fizzled recently, </span><a href="#">data from Vanguard could help explain why</a><span>: In March, the </span><strong data-crdl-plugin="bold">hiring rate for high-income employees fell to its lowest level since 2014</strong><span>. Still, there are job-hunting strategies that can help anyone speed up their search: Jumpstart your efforts by leveraging AI, but resist the unfocused temptation to apply to hundreds of openings. </span></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-14"></div><div class="glueletter-begin-section-15"><div data-crdl-tags="sculpt-block-daily-headline"><table class="mobile" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>VIDEO</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table width="100%" border="0" cellpadding="0" cellspacing="0" style="background:#e2e2e2"><tbody><tr><td align="center"><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px; background:#ffffff"><tbody><tr><td align="center" style="padding:16px 0"><table width="100%" border="0" cellspacing="0" cellpadding="0" style="max-width:504px"><tbody><tr><td align="left"><div class="mobile" style="display:inline-block; max-width:236px; vertical-align:top; width:100%"><table class="mobile" width="100%" border="0" cellspacing="0" cellpadding="0" align="left" style="max-width:246px; padding-bottom:16px; padding-right:16px"><tbody><tr><td align="left"><a href="#" style="text-decoration:none"><img class="mobile" src="https://imageio.forbes.com/i-forbesimg/media/video/2024/06/25/e862b819-d072-4c76-a5e1-0d2c17ac5d2c_thumb.jpg?format=jpg&height=460&width=800&fit=bounds" border="0" width="246" height="auto" alt="" style="width:100%; max-width:246px; display:block; object-fit:cover"></a></td></tr></tbody></table></div><div class="mobile" style="display:inline-block; max-width:236px; vertical-align:top; width:100%"><table class="mobile" width="246" border="0" cellspacing="0" cellpadding="0" align="left"><tbody><tr><td align="left" valign="top" style="align-items:left; font-size:20px; font-family:'Merriweather',Georgia,serif; line-height:28px; color:#333333!important; padding-bottom:16px"><a href="#" style="text-decoration:none; color:#333333!important">Kara Nortman On Unlocking The Billion-Dollar Potential Of Women's Sports</a></td></tr><tr><td style="align-items:left; padding-bottom:10px"><table border="0" cellspacing="0" cellpadding="0" style="width:max-content"><tbody><tr><td align="left" style="border-bottom:2px solid #DC0000"><a href="#" style="display:block; border-style:none!important; border:0!important; text-decoration:none; color:#ffffff"><strong style="display:block; border-style:none!important; border:0!important; text-decoration:none; font-size:16px; font-family:Work Sans,Arial,Helvetica,Sans Serif; font-weight:bold; line-height:24px; letter-spacing:-0.2px; color:#333333">Watch Video</strong></a></td></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div><div class="glueletter-end-section-15"></div><div data-crdl-tags="sculpt-block-daily-line-break"><table width="100%" border="0" align="center" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px; border-collapse:collapse"><tbody><tr><td align="center" valign="middle" width="600"><div><table width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px; border-collapse:collapse"><tbody><tr><td align="center" valign="top" width="504"><table border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100%; max-width:504px; border-collapse:collapse"><tbody><tr><td valign="top" align="center" width="504"><table width="100%" border="0" align="center" cellpadding="0" cellspacing="0" style="border-collapse:collapse; border:0px"><tbody><tr><td width="100%" style="height:10px; border-bottom:1px #000000 solid; width:100%"></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-begin-section-16"></div><div><table width="100%" align="center" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" valign="middle" style="padding-top:15px; padding-bottom:15px"><div><table class="mobile-padding" width="100%" cellspacing="0" bgcolor="#FCFCFC" cellpadding="0" style="width:100%; max-width:552px; border:1px solid #E3E3E3"><tbody><tr><td align="center" valign="top"><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" valign="top" style="padding:16px 0"><strong style="border-style:none; border:0; text-transform:uppercase; font-size:22px; font-family:Work Sans bold,Arial,Helvetica,sans-serif; font-weight:bold; line-height:32px; letter-spacing:0.2px; color:#DC0000!important">GAMES</strong></td></tr><tr><td align="left" style="padding:8px 0 6px 0; font-size:18px; line-height:24px; letter-spacing:0.5px; font-family:Work Sans bold,Arial,Helvetica,sans-serif"><strong>QUIZ</strong></td></tr><tr><td align="left" style="font-size:16px; line-height:24px"><span>The first film of a two-part passion project for a Hollywood icon hits theaters this weekend, but dismal reviews and poor box office projections could lead to disappointment for the three-hour western. </span><strong data-crdl-plugin="bold">Which longtime actor</strong><span> wrote, directed, stars in and helped fund the upcoming release?</span></td></tr><tr><td><table width="100%" cellspacing="0" cellpadding="0"><tbody><tr><td align="center" width="7%" style="font-size:12px; font-family:'Work Sans','Roboto'; font-weight:600; padding:16px 0">A.</td><td align="left" style="color:#333333; font-size:16px; line-height:24px; font-family:'Georgia',serif; padding:16px 0">Emilio Estevez</td></tr><tr><td align="center" width="7%" style="font-size:12px; font-family:'Work Sans'; font-weight:600; padding-bottom:16px">B.</td><td align="left" style="color:#333333; font-size:16px; line-height:24px; font-family:'Georgia',serif; padding-bottom:16px">Nicolas Cage</td></tr><tr><td align="center" width="7%" style="font-size:12px; font-family:'Work Sans'; font-weight:600; padding-bottom:16px">C.</td><td align="left" style="color:#333333; font-size:16px; line-height:24px; font-family:'Georgia',serif; padding-bottom:16px">John Cusack</td></tr><tr><td align="center" width="7%" style="font-size:12px; font-family:'Work Sans'; font-weight:600; padding-bottom:16px">D.</td><td align="left" style="color:#333333; font-size:16px; line-height:24px; font-family:'Georgia',serif; padding-bottom:16px">Kevin Costner</td></tr></tbody></table></td></tr><tr><td align="left"><table align="left" valign="top" width="100%" style="padding-top:10px; max-width:150px"><tbody><tr><td align="left" valign="top"><a href="#" style="display:block; text-decoration:none; color:#333333"><strong style="display:block; border-style:none; border:0; text-decoration:none; font-size:16px; font-family:Work Sans bold,Arial,Helvetica,sans-serif; font-weight:600; line-height:16px; letter-spacing:0.2px; color:#333333!important; white-space:nowrap; border-bottom:2px solid #dc0000">Check Your Answer</strong></a></td></tr></tbody></table></td></tr><tr><td align="center" valign="top" width="100%" class="mobile" style="max-width:504px; width:100%"><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px; padding:24px 0"><tbody><tr><td align="left"><div align="left" class="mobile" style="display:inline-block; vertical-align:top; width:100%"><table align="left" width="100%" cellspacing="0" cellpadding="0" style="width:100%"><tbody><tr><td align="left" valign="top" style="color:#333333; font-size:18px; font-family:Work Sans bold,Arial,Helvetica,sans-serif; font-weight:600; line-height:24px; letter-spacing:0.2px; padding-bottom:24px; white-space:nowrap">FRASE BY FORBES</td></tr><tr><td align="center" valign="top" style="padding-bottom:24px; white-space:nowrap"><a href="#" style="text-decoration:none"><img width="100%" src="https://images.cordial.com/869/1104x400/Frase_Desktop_Primary_2.png" style="width:100%; display:block; max-width:504px"></a></td></tr><tr><td align="left" valign="top" style="color:#333333; font-size:16px; font-family:'Georgia',serif; font-weight:400; line-height:24px; letter-spacing:0.2px; padding-bottom:24px">Unscramble today’s anagram to solve this hidden phrase!<br><br>Stumped? Scroll to the bottom of today’s newsletter for a hint.</td></tr></tbody></table></div></td></tr><tr><td align="left" valign="top"><table align="left" valign="top" width="100%" style="max-width:78px"><tbody><tr><td align="left" valign="top"><a href="#" style="display:block; text-decoration:none; color:#333333"><strong style="display:block; border-style:none; border:0; text-decoration:none; font-size:16px; font-family:Work Sans bold,Arial,Helvetica,sans-serif; font-weight:600; line-height:18px; letter-spacing:0.2px; color:#333333!important; white-space:nowrap; border-bottom:2px solid #dc0000">Play Now</strong></a></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-end-section-16"></div><div class="glueletter-begin-section-17"></div><div data-crdl-tags="sculpt-block-daily-headline"><table class="mobile" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" bgcolor="#ffffff" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:20px; padding-bottom:10px"><div><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-family:Work Sans bold,Arial,Helvetica,sans-serif; color:#333333; font-size:18px; line-height:22px; text-transform:uppercase"><strong>ACROSS THE NEWSROOM</strong></td></tr></tbody></table></div></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:16px; padding-bottom:16px"><div><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="center" valign="top" style="width:25px"><img src="https://images.cordial.com/869/24x24/REDCHECK.png" width="25" style="width:25px; display:block"></td><td align="left" style="padding-left:15px; color:#333333; font-size:15px; line-height:23px; font-family:Georgia,serif"><span>There's been </span><em data-crdl-plugin="italic">a lot</em><span> of action lately at the intersection of sports and business, stay on top of the latest deals with our </span><strong data-crdl-plugin="bold">SportsMoney Playbook newsletter</strong><span>. </span><a href="#"><span>Click here to sign up instantly</span></a><span>.</span></td></tr></tbody></table></div></td></tr></tbody></table></div><div class="glueletter-end-section-17"></div><div><table align="center" width="100%" bgcolor="#ffffff" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:10px; padding-bottom:10px"><table class="mobile-padding" width="100%" border="0" cellspacing="0" cellpadding="0" style="width:100%; max-width:504px"><tbody><tr><td align="left" style="font-size:16px; line-height:1.5; font-family:Georgia,serif"><span>Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff, with writing contributions by Tavon Thomasson.<br><br>If you’re playing </span><a href="#" style="border:0px; font:inherit; margin:0px; padding:0px; vertical-align:baseline; color:rgb(220,0,0)"><span>Frase by Forbes</span></a><span>, today’s hint is: “Important person.” Good luck!</span></td></tr></tbody></table></td></tr></tbody></table></div><div><table align="center" width="100%" bgcolor="#ffffff" cellspacing="0" cellpadding="0" style="width:100%; max-width:600px"><tbody><tr><td align="center" style="padding-top:px; padding-bottom:px"><div><table width="100%" cellspacing="0" cellpadding="0" style="background:#000; width:100%; max-width:552px; border:1px solid #e3e3e3"><div style="background:#000; color:#fff; mix-blend-mode:difference"></div><tbody><tr><td align="center"><table width="100%" cellspacing="0" cellpadding="0" style="width:100%; max-width:552px"><tbody><tr><td><table class="promo" align="center" width="100%" style="border-bottom:2px solid #DC0000; 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