🍋 Private Equity Saving Lives

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Good Morning! Investors have been all-in on the manufacturing industry lately and have invested over $200 billion during the past eight months. Consumers can breathe a sigh of relief as asking rents posted their first annual decline last month since March 2020.

Moderna's mRNA skin cancer vaccine is showing remarkable promise and could pave the way for revolutionary treatment options. And Apple announced a game-changing savings account with an eye-popping 4.15% interest rate.

Tired of big tech monetizing your personal data? Caden enables you to turn your streaming, shopping and fitness activity into cold hard cash. Download the app now.

Yesterday’s poll results: 60% of you said you would not buy a car without CarPlay.

1. Story of the Day: Private Equity Saving Lives

Type 2 diabetes is not just a disease; it's a burden on the economy, costing the healthcare system over $300 billion a year. But private equity giant Blackstone is stepping up to the plate with an innovative AI-powered healthcare platform that could revolutionize how we manage chronic illnesses.

Blackstone rolled out its healthcare platform, Twin Health, at 14 of its portfolio companies. Twin Health is designed to help employees monitor their glucose levels and activity trackers. Twin Health users fill out surveys that provide personalized advice on diet, exercise, and other lifestyle factors.

This cutting-edge platform focuses on preventative measures, like encouraging employees to build healthier habits. So far, it's already making a significant impact.

The 160 participants enrolled in the program have seen their medication costs cut in half on average, and they’re experiencing a dramatic 90% drop in spending on drugs like Ozempic. And participants have lost an average of 12 pounds after joining.

Takeaway: Twin Health could be a game changer for how employees manage rising healthcare costs. As obesity rates continue to rise, Morgan Stanley predicts that spending on drugs for weight management could reach $54 billion by 2030. Twin Health and Blackstone's partnership is a win-win because not only does it save companies money in employee healthcare costs but also helps employees take more ownership of their health.

2. Markets Rundown

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Stocks closed higher as earnings pick up steam.

Movers & Shakers

• (+) Prometheus ($RXDX) +70% after a $10.8 billion buyout offer from Merck.

• (+) Enphase Energy ($ENPH) +8% after an upgrade by Piper Sandler on strong international momentum.

• (–) State Street ($STT) -9% after the bank saw its deposits drop.

Private Dealmaking

• Sega bought Rovio, the maker of Angry Birds, for $775 million

• AlphaSense, a corporate data firm, raised $100 million

• Kepler, an on-orbit data network developer, raised $92 million

• Hometree, a residential energy services company, raised $46 million

• Oshi Health, a virtual gastrointestinal care provider, raised $30 million

• NetBox Labs, an open source spin out from IBM, raised $20 million

A Message from Caden: Take Control of Your Data and Make Money From It

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Discover how weather affects your fitness, compare your online spending with your neighbors, and uncover countless other intriguing revelations.

Founded by a team of industry veterans, Caden is designed to prioritize your privacy and give you full control over your data.

Download Caden in the app store today.

3. Top Reads

• Your Gen-Z coworker is hustling more than you think (WSJ)

• M&A lag hits U.S. shareholder activism (Axios)

• McCarthy warns Wall Street to be more worried about debt ceiling (YF)

• Most funds couldn’t beat the stock market in 2022 (NYT)

• David’s Bridal files for bankruptcy, is seeking new buyer (CNBC)

• Only 6 EVs qualify for the full EV tax credit (YF)

• BlackRock to kick of sale of securities of failed banks (Reuters)

• EY cuts 3,000 jobs in U.S. blaming overcapacity (BBC)

• NJ judge calls $100M deli fraud defendant ‘serious flight risk’ (CNBC)

• Bosses pay workers to move closer to offices (WSJ)

4. Shortform Book of the Day: Leaders Eat Last

Imagine a world where almost everyone wakes up inspired to go to work, feels trusted and valued during the day, then returns home feeling fulfilled. This is not a crazy, idealized notion. Today, in many successful organizations, great leaders create environments in which people naturally work together to do remarkable things.

In his work with organizations around the world, Simon Sinek noticed that some teams trust each other so deeply that they would literally put their lives on the line for each other. Other teams, no matter what incentives are offered, are doomed to infighting, fragmentation and failure. Why?

The answer became clear during a conversation with a Marine Corps general. "Officers eat last," he said. Sinek watched as the most junior Marines ate first while the most senior Marines took their place at the back of the line. What's symbolic in the chow hall is deadly serious on the battlefield: Great leaders sacrifice their own comfort--even their own survival--for the good of those in their care.

Too many workplaces are driven by cynicism, paranoia, and self-interest. But the best ones foster trust and cooperation because their leaders build what Sinek calls a "Circle of Safety" that separates the security inside the team from the challenges outside.

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”

Read More Books in Finance, Economics, and More with Shortform

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5. Short Squeez Picks

• How Spotify knows what you want to hear next

• The myth of the broke millennial

• 101 things to do in NYC this spring

• This shortcut can integrate ChatGPT with your iPhone

• Why you should take spring cleaning slow

6. Daily Visual: Individual Income Tax Share of Total IRS Collections

_{Source: Axios}

7. Daily Acumen

Every day is a new opportunity to grow, learn, and make a difference. Embrace the power of incremental progress by focusing on small, consistent improvements. It's not always about making giant leaps, but rather, taking steady steps forward.

Small, daily efforts compound over time, creating a ripple effect that reaches far beyond what we can initially imagine. When you nurture the habit of continuous improvement, success becomes inevitable, and the extraordinary becomes the norm.

Remember, it's not just about reaching the destination; it's about the journey and the person you become along the way.

8. Memes of the Day

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