Costco’s Avian Flu Problem | Fuel Efficiency Rules | Grammy Awards’ Surprise Speech

Plus: Under 30 Billionaire Ryan Breslow Created Buzz, And Enemies, Attacking Stripe And Shopify. He’s Just Getting Started.

Good morning.

A persistent outbreak of avian flu in Nebraska is threatening the availability of Costco’s $4.99 rotisserie chicken—and the survival of non-Costco poultry farms in the state. We’re also covering the Biden administration’s push for fuel efficiency and one unexpected moment of the 2022 Grammy Awards, as well as the gilded gramophones’ winners. Finally, don’t miss this profile of one of the world’s youngest billionaires and his plan to challenge the tech industry’s culture. 

In The News Today

The European Union is preparing new sanctions against Russia as harrowing images of mass graves and suspected war crimes emerge from Bucha, a city in the outskirts of Kyiv that was recently liberated from Russian occupation.

Tesla billionaire Elon Musk has acquired a 9.2% share of Twitter, according to a SEC filing, becoming the social media platform’s largest shareholder.

Top Take-Aways

Costco spent the past decade investing hundreds of millions in poultry production in Nebraska to increase control of the supply chain of its famed $4.99 rotisserie chicken. But a new outbreak of the highly contagious avian flu is threatening that operation, as well as neighboring farmers.

The Biden Administration is setting new rules on fuel efficiency that require the average new car or truck to get nearly 50 miles per gallon of gasoline by 2026, helping drivers save money and reducing carbon emissions.

An increasing number of U.S. retailers are locking up items to protect stock from shoplifters and criminal gangs. Since this system causes frustration among shoppers, some stores are testing new technology that releases the item once the customer enters some form of personal information.

A high-profile lawsuit filed in San Francisco claims investor Stacy Chang was promised by Thrasio cofounder and CEO Carlos Cashman a partner role at a new venture capital firm, which failed to materialize after she quit her job as chief of staff at Peter Thiel’s Founders Fund.

The long-postponed 2022 Grammy Awards aired Sunday, bringing surprise winners, live performances, and a video message from Ukrainian President Volodymyr Zelensky, who called on viewers to “tell the truth about this war on your social networks, on TV.”

For the first time in the history of their storied rivalry, college basketball titans Duke and North Carolina clashed in the NCAA tournament’s Final Four. Here’s a look at the face-off—and the legacy—by the numbers.

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