|  | Nasdaq | 22,105.36 | |
|  | S&P | 6,632.19 | |
|  | Dow | 46,558.47 | |
|  | 10-Year | 4.285% | |
|  | Bitcoin | $71,157.29 | |
|  | FedEx | $351.68 | |
| | Data is provided by |  | *Stock data as of market close, cryptocurrency data as of 6:00pm ET. Here's what these numbers mean. | - Markets: Stocks fell while oil prices rose yesterday as the war in Iran raged on and investors fretted about energy prices driving up inflation.
- Stock spotlight: FedEx got a delivery of good news this week—its stock rose enough to give it a larger market value than rival UPS for the first time since UPS went public in 1999, as investors cheered FedEx’s cost-cutting efforts, the WSJ reported.
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THIS IS YOUR BRAIN ON AI As many companies push their employees to test out the AI waters, new research warns of the effects of diving too far into the deep end. According to a new study published in the Harvard Business Review, AI tools can increase productivity, but overuse can lead to mental fatigue that makes it harder to focus and make decisions. The study, conducted by Boston Consulting Group, dubbed that mental fog “AI brain fry,” which sounds like it could be a sequel to The Silence of the Lambs. The fog of more Surveyed workers said they felt more productive when they used one, two, or even three AI tools simultaneously. But once a fourth tool was introduced, that trend reversed—in part, because AI agents are like children doing the dishes: They may be helping, but you still have to make sure they’re not breaking anything. All of that oversight can be exhausting. One senior engineering manager in the study likened it to having “a dozen browser tabs open in my head, all fighting for attention.” Some industries are feeling it more than others: The study found that employees in marketing, HR, operations, engineering, finance, and IT were most likely to report AI-related mental fatigue. It’s not just brain fry ActivTrak, which makes software that tracks productivity, also found that AI is having some unintended consequences in the workplace. According to the Wall Street Journal, when employees started using AI tools: - They spent twice as much time on email and messaging (and probably picking the perfect emoji).
- But they spent 9% less time on focused work, like figuring out complex problems.
AI does save employees time, but…they’re just filling that space with more work, said Gabriela Mauch, ActivTrak’s chief customer officer. That can lead to short-term productivity gains, while also accelerating burnout and mental overload. So, what’s the sweet spot? Employees appeared to be most productive when they spent 7% to 10% of work hours with AI, per ActivTrak.—BC | | |
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WORLD All six crew members killed after refueling plane crashed in Iraq. The US military confirmed the death of all crew members yesterday, after the plane involved in the war effort against Iran crashed. The crash was not the result of either hostile or friendly fire, the military said. The crash brought the death toll of US service members in the war up to 13 as of yesterday, per NBC. The US is sending the Marines and more warships to the Middle East as it continues to strike targets in Iran, which continues to retaliate by choking off the Strait of Hormuz and attacking the region. Defense Secretary Pete Hegseth said that Iran’s new supreme leader, Mojtaba Khamenei, had been wounded in the attacks and “likely disfigured.” Judge blocks subpoenas targeting Fed chair. A federal judge quashed the government’s subpoenas to the Fed in a major setback for its criminal investigation into Jerome Powell over remarks he made to Congress about renovations to the central bank’s headquarters. In a 27-page opinion unsealed yesterday, the judge ruled that the purpose of the subpoenas was to pressure Powell to lower interest rates or to resign, saying that the government had provided “no evidence whatsoever that Powell committed any crime other than displeasing the president.” Prosecutor Jeanine Pirro plans to appeal and said the decision was made “without legal authority,” per CNBC. Meta’s new AI model is reportedly not ready for prime time. The company—which is sinking billions into AI hiring, development, and infrastructure—has delayed the release of the model, code-named Avocado, from this month to at least May, the New York Times reported. It’s not because guac is extra, it’s because the model couldn’t beat the latest from rivals Google, OpenAI, and Anthropic in internal testing, per NYT. Company leaders have even contemplated temporarily licensing Google’s Gemini to power its AI products, sources told the newspaper.—AR
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HARD TO SWALLOW Consumers of David, the viral protein slab that seems like it would hit on you at the gym, crashed out this week over allegations that the bar’s calories and fat content are drastically higher than advertised. According to a class-action lawsuit, independent lab testing found that David bars have at least 400% more fat and 80% more calories than their nutrition labels show, leading influencers to compare themselves to Regina George in that Mean Girls scene where she realizes she’s eating weight-gain bars instead of diet bars. “No one is getting Regina Georged,” David founder Peter Rahal responded on social media. Rahal maintains that David bars are true to their labeling of 150 calories, 2 grams of fat, and 28 grams of protein because that’s what the body absorbs from each bar. He said the lawsuit’s lab test incorrectly counted nutrition info from EPG, a lab-created fat substitute and key David ingredient that doesn’t get digested. The $725 million company is hiring celebrity attorney Alex Spiro to countersue, Rahal told writer Emily Sundberg. This isn’t David’s only controversy. A key investor, Peter Attia, stepped down as chief science officer last month after his name appeared 1,700 times in the Epstein files. David is also fighting an antitrust case over its acquisition of the only company that makes EPG.—ML | | |
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ICYMI Here’s everything that didn’t make it into this week’s newsletters but we immediately sent to the group chat. An AI software company is hiring people whose sole responsibility will be to bully AI chatbots. This sounds fun in theory, but should we be antagonizing things that can launch nukes? Harrison Ford told Jimmy Kimmel “of course” when asked if he’s ever gotten intimate while listening to music from his own movies. It’s sad that only a few women know what it’s like to make love to the soundtrack of The Expendables 3. A German tourist unsuccessfully sued a New York taqueria because he felt the salsa was too spicy. He also said the burrito was too flavorful, the guac was too fresh, and the margarita got him too buzzed. A woman celebrated the first anniversary of her relationship with Sinclair, an AI companion that’s taken the form of an octopus with an Irish accent. Just when you thought your mom was out of ammo: “She’s in a serious relationship with an AI octopus, and you’re still single???” BuzzFeed expressed doubt that it could stay in business after reporting a net loss of $57.3 million last year. Here’s 44 times BuzzFeed had us saying “OMG! That’s cray-cray!” about missing revenue goals.—DL
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NEWS - New data highlights cracks in the economy before the war in Iran began: The Q4 GDP was revised to reflect that the economy grew at a 0.7% annualized rate—half the original estimate. And the Fed’s favorite inflation gauge, released yesterday, showed inflation stayed high in January.
- President Trump signed an executive order yesterday to restart oil drilling on the California coast.
- Cuba’s president confirmed the government has been in discussions with the Trump administration amid a severe energy crisis caused by a US blockade.
- Former Brazilian President Jair Bolsonaro, who is serving a 27-year sentence for attempting a coup, was transferred from prison to a hospital ICU in Brasilia to receive treatment for pneumonia.
- Adobe CEO Shantanu Narayen, who has held the role for 18 years, will step down after a successor is appointed.
- Amazon is upping the price for Prime Video without advertising.
- Kennedy Center President Ric Grennell, an ally of Trump’s whose leadership of the venue has been controversial, is resigning after a year.
- Kim Kardashian and Kris Jenner denied under oath this week claims by Ray J that they had intentionally leaked his and Kardashian’s sex tape in 2007.
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COMMUNITY Last week, we asked: “If you were an ultrawealthy philanthropist, which building would you want to be named after yourself in exchange for a generous donation?” Here are some of our favorite responses: - “Smithsonian Air and Space Museum, after spending half my fortune searching for and recovering Amelia Earhart’s lost airplane and donating it to the museum.”—Per from Vancouver
- “The library in Broad Ripple, IN. I fell in love with reading there, tearing through their entire stock of sci-fi and fantasy. I first read LOTR there.”—Ken from Garland, TX
- “The state capitol building in Madison, WI. Go there yourself to see if it’s not the most outstanding of the 50 capitols. I had the privilege of working inside for 12 years.”—Sheila from Wisconsin
- “Kansas State University is the only school in the country where you can major in flour milling science. I’d donate gobs of money to the grain science department.”—Z from Garden Plain, KS
- “My friends and I meet weekly at a place called Village Pub where we talk about history, theology, and culture. We call our gathering Tuesdays With Friends. When I am gone, I will leave a donation if they re
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