Mary Ann reports that Lemonade acquired Metromile and promptly laid off about 20% of its staff. It’s all go, go, go in the world of insurance.

Apple’s computer division took a 10% haircut compared to last year’s performance. The video platform just made a creator tool available that can turn YouTube videos into Shorts in a matter of moments, Sarah reports.Īnother bite of the Apple: Apple’s third-quarter profits were a mixed bag, but iPhone revenue bucked the trend (even as smartphone shipments are down globally), with a 3% year-over-year revenue jump, Brian reports. Like YouTube, but shorter: TikTok and Instagram Stories have been eating into YouTube’s numbers, and the Google-owned giant isn’t loving it. On TC+, Haje wonders whether the passage of the CHIPS Act could launch another US startup renaissance. Today, the CHIPS Act staved off last-minute attempts by the GOP House leadership to derail its passage and will be on its way to POTUS’s desk next. You’re looking more chipper already: Brian has been following the CHIPS Act moving through the government process.

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