Be in the know. 28 key reads for Tuesday…

  1. Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what’s been happening at Meta (businessinsider)
  2. Alibaba founder Jack Ma’s close confidants have taken the top roles at the giant (cnbc)
  3. Jack Ma Ally to Take Helm of Alibaba (wsj)
  4. PayPal Expects Additional $1 Billion in Stock BuyBacks Following BNPL Deal (barrons)
  5. Alibaba Names Tsai Chairman, Wu CEO (bloomberg)
  6. Shocking Housing Starts Data: Economists Blown Away By 11-Sigma Beat After Biggest Monthly Surge On Record (zerohedge)
  7. China cuts benchmark lending rates as policy easing picks up (ft)
  8. Drugmakers aim to strike down Medicare drug-price negotiations at Supreme Court (cnbc)
  9. Saudi wealth fund launches new firm to attract pharma investors (pionline)
  10. China Rate Cut Disappoints (barrons)
  11. Eli Lilly to Buy Dice Therapeutics in $2.4 Billion Autoimmune Disease Push (barrons)
  12. The Schork Report founder and editor Stephen Schork and Great Hill Capital Chairman Thomas Hayes discuss how China is affecting oil inventories in North America on ‘The Claman Countdown.’ (foxbusiness)
  13. The consumer-led recession you’re worried about already ended months ago, the stock market says (marketwatch)
  14. Xi Jinping Meets Antony Blinken as U.S., China Resume High-Level Engagement (wsj)
  15. Stock-Market Rally Costs Bears $120 Billion (wsj)
  16. Daniel Wu Turned His ‘Cute Little Car’ Into a Showstopper (wsj)
  17. Jack Ma’s Lieutenants Return to Oversee Tough Alibaba Reboot (bloomberg)
  18. Alibaba’s Surprise Shakeup of Chairman, CEO Shows Drive to Revive Growth (bloomberg)
  19. Hedging Failure Exposes Private Equity to Interest-Rate Surge (bloomberg)
  20. Workers Resisting the Office Grind Are Suddenly Lonely at Home (bloomberg)
  21. Working From Home Becomes a Once-a-Week Perk for Some Office Goers (bloomberg)
  22. Work Shift: Why We Go to the Office Now (bloomberg)
  23. Zhang explained that the cloud business is “now full speed ahead on its spin-off plans and we are approaching a crucial stage of the process,” and that is why he is stepping down as group CEO. (cnbc)
  24. Futures fall as hawkish Fed, smaller China rate cut dent sentiment (streetinsider)
  25. KKR to buy nearly $44 bln of PayPal’s buy now, pay later loans in Europe (reuters)
  26. Intel to build $33-billion chip plant in Germany after government pledges to cover 1/3rd of cost (yahoo)
  27. Xi sees ‘progress’ in China-US ties at meeting with Blinken (ft)
  28. Jack Ma urges Alibaba to ‘go back to Taobao’ (scmp)