Welcome to a new edition of the Read Sunday’s newsletter, where we spotlight this past week’s key headlines and futures events. This report provides a user-friendly format for your weekly dose of updates and insights from the realms of business and finance.

Markets

This Week’s Headlines

Public Markets

• Disney's Finance Chief Engaged in Conflict With Senior Executives Prior to Resignation (WSJ)

• Virgin Galactic's Stock Skyrockets as Company Prepares for Inaugural Commercial Space Voyage (WSJ)

• Humana Anticipates Insurance Costs to Reach Upper Limit of Projections (BARR)

• Micron Issues Warning of Increased Revenue Impact Resulting from China Ban (USN)

• Toyota Stock Achieves Strongest Week Since 2009 Following Annual Meeting and New EV Objectives (CNBC)

• IPO Market is Not Dead! Cava Mediterranean Restaurant Chain's Stock Soars up to 117% in Market Debut (CNBC)

• EU Accuses Google of Engaging in Anti-Competitive Practices in Ad Tech Industry (CNBC)

• Bud Light Relinquishes Title as Best-Selling Beer in the United States (WSJ)

• Amazon's Cloud Division Contemplates Adoption of AMD's Latest AI Chips (REUT)

• Eli Lilly CEO Expresses Concern That Medicare Price Negotiations Might Impede Drug Development (CNBC)

• JPMorgan Agrees to Pay $290 Million to Settle Lawsuit by Jeffrey Epstein Accusers (WSJ)

• FTC Files Lawsuit to Block Microsoft-Activision Deal as Deadline Nears (CNBC)

Economy

• Teamsters Approve UPS Strike Authorization Amid Ongoing Contract Negotiations (WSJ)

• Fed Holds Off on Rate Hike for Now, Announces Two Expected Later This Year (CNBC)

• Surprising Increase in US Retail Sales Reflects Consumer Resilience (BBN)

• Federal Reserve and SEC Investigate Goldman Sachs's Involvement in SVB's Final Days (WSJ)

• European Central Bank Breaks Away from Fed, Raises Rates to Highest Level in 22 Years (CNBC)

• CPI Report Indicates Inflation has Decreased by 50% since Last Year's Peak (WSJ)

• San Francisco's Downtown Enters a New Phase of Crisis as Prominent Shopping Mall Faces Bankruptcy (BI)

Mergers & Acquisitions/Investments

• Michael Jordan Enters Agreement to Sell Hornets Stake for $3 Billion (ESPN)

• DraftKings Outbids Fanatics with $195 Million Offer for PointsBet's U.S. Assets (CNBC)

• Nasdaq's $5.7 Billion Debt Deal Highlights Banks' Willingness to Finance M&A Activities (BBN)

• George Soros Passes the Reins to His 37-Year-Old Son: "I'm Focusing More on Politics" (WSJ)

This Weeks Upcoming Events

Earnings Call

Thanks for reading!

This newsletter is the brainchild of Read Sunday and William Lemanske, who you can also find on Twitter at @ReadSunday @wmlemanske