Morning Report: Twitter becomes X Corp

Twitter, as a company, is no more. Court filings detail that Twitter has been subsumed by X Corp, Elon Musk’s long-talked up ‘everything app.’ Musk has proposed that Twitter morph into an app that is part social media, part payment processor, and part vacation booking service.

As interest in weight-loss drugs soared, so did WeightWatchers’ shares. The company took advantage of the surge and plans to embrace weight-loss drugs as a “recognition finally of the fact that there are biological and genetic causes of obesity.” The company went on to say that in some cases, willpower along is not enough. Drugs like Ozempic, Wegovy and Eli Lilly’s Mounjaro are changing the game for weight loss.

Stocks were mixed Tuesday as markets await the consumer inflation numbers that come out today.
Inflation is expected to cool in March, but remain historically high.

The International Monetary Find has cut world growth forecasts, saying the global economy is heading for weakest growth since 1990. The IMF adds that its forecast for slow growth assumes that the recent banking crisis is over.

Boeing delivered more jets in a single quarter than its arch-rival, Airbus, for the first time since mid-2018. The airline kept up a steady pace, building 737 Jetliners and clearing existing Max and 787 Dreamliners from its storage yard. Airbus was hindered by parts shortages.