1. Luxury Companies Could Bid for De Beers. Luxury goods companies such as LVMH, Hermes or Richemont could ultimately end up owning the company that once enjoyed a 90 percent monopoly on gem quality diamonds. – Read More on Idex
2. These Models Gave Up Photoshoots to Sell Their AI Likenesses. Brands can now connect with him via AI Fashion and he can approve or deny their offers. If he approves, AI Fashion will be able to generate photos of him modeling that brand’s apparel. Read More on the WSJ
3. U.S. Says China Moving Too Slowly on Protecting Intellectual Property. The Biden administration called on China to improve its protections of intellectual property, saying that the pace of Beijing’s reforms remains too slow. Read More in Bloomberg
4. A Tough Time To Ban Non-Competes. While the less-easy-to-agree-upon and less-easy-to-enforce non-disclosure agreements still remain viable—for now—they really do not offer comparable benefits to the employer. Read More on Forbes
5. RELATED READ: How Much Will the FTC’s New Noncompete Ban Actually Impact Fashion? While many of fashion’s biggest names are in the EU, these same companies do not maintain ranks of executives and scores of employees in the U.S., who will be subject to the FTC’s new rule. Read More on TFL