Molly Liebergall

New York

Senior Writer, Daily Newsletter at Morning Brew

writing and stuff @morningbrew

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Articles

Businesses are on a bitcoin buying spree

1 week ago | morningbrew.com | Molly Liebergall

Publicly traded companies are stockpiling bitcoin as if it’s toilet paper in the year 2020, except they’re betting big money that the digital asset won’t go down the drain. The latest businesses to go for it are GameStop, which announced its first bitcoin purchase, worth ~$500 million, yesterday, and Truth Social’s parent company, Trump Media ($DJT), which said on Tuesday that it’s raising $2.5 billion to create its own bitcoin treasury.
The US will stop minting pennies within weeks

2 weeks ago | morningbrew.com | Molly Liebergall

We’re losing Abraham Lincoln again. After 233 years, the US Treasury will discontinue penny production over the next month, federal officials announced yesterday, following a directive from President Trump. The Treasury will stop circulating one-cent coins by early next year, and shortages will follow:Businesses will have to round prices to the nearest five cents for cash transactions.
Target is still struggling hard

2 weeks ago | morningbrew.com | Molly Liebergall

Big-box US retailers are largely in the same boat as they weather tariff uncertainty and inflation. And then there’s Target, which seems to be taking on water faster than its competitors. Yesterday, the company reported another earnings miss and flipped its full-year outlook from positive to negative territory, citing backlash to its DEI rollbacks on top of a “highly challenging environment.”Target’s Q1 sales declined 3% from last year, and the average checkout total dipped 1.4%.
‘Fortnite’ in trouble over AI Darth Vader that says ‘rizz’

2 weeks ago | morningbrew.com | Molly Liebergall

It’s not about what AI Darth Vader said, it’s about who allegedly didn’t get a say in the bot’s creation: This week, SAG-AFTRA accused Llama Productions, a subsidiary of Fortnite-creator Epic Games, of violating labor agreements by implementing an AI-voiced character without consulting the actors union. Luke, I am your AI companion.
Pharma co. buys 23andMe and its DNA vault for $256 million

2 weeks ago | morningbrew.com | Molly Liebergall

Sold to the highest bidder: One gargantuan treasure chest of genetic data. Regeneron, the pharmaceutical company that created the world’s first Ebola treatment, has struck a deal to buy the once-hot DNA-testing company 23andMe out of bankruptcy, the drugmaker announced yesterday. Regeneron beat out six other qualified bidders, according to an SEC filing. The $256 million acquisition values 23andMe at less than one-twentieth of its peak ~$6 billion valuation from 2021.
Caleb Moore Premieres ‘Comeback Kid’ Music Video at Intimate NYC Release Party

2 weeks ago | billboard.com | Molly Liebergall

Caleb Moore never thought he’d release “Comeback Kid.” But in a warmly-lit townhouse above a clothing store in Manhattan Friday (May 16), a crowd cheered and whistled so loudly for the song’s music video that applause for that night’s historic Knicks victory, hours later, paled in comparison.
Caleb Moore Premieres ‘Comeback Kid’ Music Video at Intimate NYC Release Party

2 weeks ago | yahoo.com | Molly Liebergall

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience.Generate Key TakeawaysCaleb Moore never thought he’d release “Comeback Kid.” But in a warmly-lit townhouse above a clothing store in Manhattan Friday (May 16), a crowd cheered and whistled so loudly for the song’s music video that applause for that night’s historic Knicks victory, hours later, paled in comparison.
Q&A: What if my side-hustle is actually a scheme?

2 weeks ago | morningbrew.com | Molly Liebergall

Everybody has a friend (or is the friend) who spent a summer in college selling knives, and it probably wasn’t a profitable use of daylight. Despite their shady reputations, multi-level marketing companies like Cutco and Amway have drawn millions of participants looking for extra income for the better part of a century. In her new book Little Bosses Everywhere: How the Pyramid Scheme Shaped America, New York Magazine journalist Bridget Read investigates just that.
Are we in for another hot strike summer?

2 weeks ago | morningbrew.com | Molly Liebergall

The wind beneath your commute’s wings is on the picket line: The nation’s third-largest rail service, New Jersey Transit, ground to a halt yesterday as the train engineers’ union commenced a historic strike that’s leaving an estimated 350,000 New Jerseyans without their daily route into New York City. TG it was F: The stoppage didn’t appear to cause morning traffic jams, likely because Friday is already the lightest day of the week for NJ→NYC commuters.
Q&A: What if my side hustle is actually a scheme?

3 weeks ago | morningbrew.com | Molly Liebergall

Everybody has a friend (or is the friend) who spent a summer in college selling knives, and it probably wasn’t a profitable use of daylight. Despite their shady reputations, multi-level marketing companies like Cutco and Amway have drawn millions of participants looking for extra income for the better part of a century. In her new book Little Bosses Everywhere: How the Pyramid Scheme Shaped America, New York Magazine journalist Bridget Read investigates just that.