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The next Jamie Dimon
To:Brew Readers
Plus, Bayer's billion-dollar break.
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Good afternoon. There are countless thinkpieces about how Gen Z is bailing on nights out, avoiding parties, and ditching the dating scene. The alleged culprits include smartphones, wellness culture, and a general sense of pessimism, but there’s another factor, too: finances.

According to a recent survey from Bank of America, 42% of Gen Z is living paycheck to paycheck, forcing younger people to put romance on hold. In fact, 51% of Americans ages 18 to 29 reported spending a whopping $0 on dates per month in 2026 so far, with many citing financial anxiety as a reason for kicking the can on romance.

Finding love is wonderful, but being able to afford groceries is pretty great, too.

Lucy Brewster, Sissy Yan, and Mark Reeth

In today’s newsletter:

  • Tech sector roundup
  • A real-life Succession plot
  • Bayer gets a bailout

MARKETS

Nasdaq

25,358.60

S&P

7,357.49

Dow

51,920.62

10-Year

4.392%

Bitcoin

$59,578.21

Oil

$72.02

Data is provided by

*Stock data as of market close, cryptocurrency data as of 4:00pm ET. Here's what these numbers mean.

  • Economy: The May PCE report revealed that headline inflation climbed to a seasonally adjusted 4.1% annual rate, the highest since April 2023, while core PCE rose to an annual 3.4%, the highest since October 2023.
  • Stocks: Investors were unfazed by the inflation reading, and instead focused on fretting about the state of the tech sector (more on that in a minute). The S&P 500 and Nasdaq sank, while the Dow hit a new record intraday high.
  • Commodities: Oil prices rose on reports that Iran fired upon a cargo vessel in the Strait of Hormuz. Meanwhile, Chevron responded to President Trump’s accusations that oil companies are “gouging” consumers.
 

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✷ A Note From MFS Investment Management

This paid content was created with our sponsor and does not necessarily reflect the opinions or point of view of Morning Brew.

✳︎ A Note From Verizon

** REWARDS: Rewards categories are 4%: gas, grocery store purchases, dining and Verizon store purchases (excluding bill payment). 1%: All other purchases. Verizon Dollars will be forfeited for Rewards Program inactivity. Purchases subject to credit approval. See the Verizon Visa® Credit Card Rewards Program Terms & Conditions in application for details and restrictions.

+ Account Opening Offer: Subject to credit approval. To apply, you must be a Verizon wireless Account Owner or Account Manager on an account with up to 12 phone lines max (depending on plan) or Fios Account Owner with at least one active Fios service. In order to qualify for this offer, you must (i) apply and be approved for a Verizon Visa Signature® Card account; (ii) make your first purchase within 90 days to receive a $50 statement credit, and (iii) make $1,500 in qualifying purchases within the first 90 days of account opening to receive the $100 statement credit. Only one offer per account. Account must remain open and in good standing at time statement credit is applied to the Account. A $50 statement credit will post to account 1-2 billing cycles after first purchase is made. A $100 statement credit will post to account 1-2 billing cycles after the spend threshold of $1500 is met within 90 days. Statement credit(s) cannot be used to satisfy the required monthly payment on your credit card account and may not be redeemed for cash or cash equivalent. This offer is available for applicants who are approved starting 1/7/2026. We reserve the right to discontinue or alter the terms of this offer at any time. Limited time offer.

# NO ANNUAL FEE: For New Accounts as of 1/1/26: Verizon Visa Signature® Card: Variable Purchase APRs are 22.24%, 27.24% or 33.24%. Variable Penalty APRs are 32.24%, 37.24% or 39.99%. Min Interest Charge $2. Variable Cash APRs are 26.49%, 31.49% or 37.49% and 5% Fee ($10 min). Variable Bal Trans APRs are 22.24%, 27.24% or 33.24% and 5% Fee ($5 min).

@ Enrollment in Verizon’s Auto Pay and paper-free billing is required for Verizon bill discount of up to $10/mo off each eligible Verizon wireless account or phone line, up to 12 lines max (depending on plan) and/or $10/mo off each eligible Fios service, up to $20/mo depending on the combination of services you select. Visit our wireless Auto Pay FAQs and Fios Auto Pay FAQs for more info. Verizon customers who are receiving Auto Pay discounts because they are currently enrolled in Auto Pay and paper-free billing via other qualifying methods will not receive additional discounts for re-enrolling using the card.

The Verizon Visa Signature® Card is issued by Synchrony Bank pursuant to a license from Visa USA Inc. © 2026 Verizon

   
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