1. Rise of fast-fashion Shein, Temu roils global air cargo industry. The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times, more than ten industry sources said. – Read More on Reuters
2. The music labels are still suing the internet companies. That’s a warning for the AI industry. The AI boom has been accompanied by AI lawsuits filed by content owners, which has led people to think about the parallels between the current moment and the Napster era, when digital disruption ran smack into the court system. – Read More on BI
3. California lawmakers say they expect to set the pace for AI rules. California often takes the lead with legislation to regulate tech. California lawmakers say they expect to set the pace once again on artificial intelligence. – Hear More on NPR
4. ICYMI: Digital reinvention fuels a fast-growing luxury sector. Competition to win customers may intensify if economic growth slows in 2024 (as we expect it will) and aspirational luxury consumers reduce their spending. The likely outcome: The strongest luxury brands will get even stronger. – Read More on JP Morgan
5. Customers sue Stanley, say the company failed to disclose presence of lead in tumblers. The proposed class action lawsuits, filed in Washington state come weeks after Stanley confirmed that the “sealing material” they use to secure the vacuum insulation at the base of their products contains “some lead.” – Read More on USA Today
6. RELATED READ: Stanley Cup-Maker Named in False Advertising, Fraud Lawsuit Over Lead. The plaintiffs contend that PMI “took care not to reveal its practice of using lead while continuing to market its products as safe, pure, and ideal for busy professionals to use at home and elsewhere.” – Read More on TFL