Smart cars are selling your data

• Saudi Arabia to extend voluntary cut: Oil prices spiked more than 1% yesterday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts (Reuters)
  

• Chip wars heat up: China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, as the country ramps up efforts to catch up with the U.S. and other rivals (Reuters)
  

• No quick solution: Both sides of a dispute that has left nearly 15M cable TV subscribers without ESPN or other networks affiliated with Disney (DIS) are directing customers to other services where they can watch television (AP)
  

• Vivek’s anti-ESG ETF firm hits $1 billion: Strive Asset Management, an anti-activism fund company co-founded by Republican presidential hopeful Vivek Ramaswamy, has crossed $1 billion in assets even as it comes under legal scrutiny (Bloomberg)
  

• Apple & Arm strengthen relationship: Apple (AAPL) has signed a new deal with Arm for chip technology that "extends beyond 2040," according to Arm's IPO documents filed on Tuesday (Reuters)
  

• Cars get an “F” in data privacy: Most major manufacturers admit they may be selling your personal information, a new study finds, with half also saying they would share it with the government or law enforcement without a court order (AP)
  

• FTC, Amazon battle to begin soon: The FTC is likely to sue Amazon (AMZN) this month according to sources (Bloomberg)
  

• Strike cost money: Warner Bros. Discovery (WBD) has lowered its 2023 EBITDA forecast to $10.5 billion to $11.0 billion, a hit of $300 – $500 million, “predominantly due to the impact of the strikes” (Hollywood Reporter)

• The baseball player-turned-spy who went undercover to assassinate the Nazis’ top nuclear scientist (Smithsonian)

• “Project Moohan” is Google and Samsung’s inevitable Apple Vision Pro clone (Ars Technica)

• How Yahoo sparked a renaissance under new owners (Axios)

• This summer’s top scams (CNBC)

• Treadmills sales soar as high-energy demand for Peloton bikes fizzles (NYP)

• The average annual home-insurance premium for Floridians has tripled in five years (WSJ)

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