Monday, April 6th Edition
Cory Ohlendorf  
By Cory Ohlendorf, Valet. Editor
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Today’s Big Story

The Wearables War

 

Advancements, adoption and plenty of legal wrangling

 

Everyone seems to agree: Wearables are an exciting space right now. You’ve got all sorts of smart rings, fitness trackers, smart glasses, weird, useless pins stuffed with AI—you name it. And there’s more on the horizon with plenty of promise. But, on the other hand, you’ve also got (as a result of all that captivating innovation) quite a few lawsuits.

Most recently on that litigious side of things is a lawsuit from screenless health tracker company Whoop, which is suing the maker of a health app called Bevel, alleging that it’s copying core parts of Whoop’s brand. Bevel CEO, Grey Nguyen, took to social media over the weekend to talk about the lawsuit.

Gizmodo says that there are a lot of ways you could look at the lawsuit, but one thing is abundantly clear, and that’s the fact that Whoop (which just announced that it raised $575 million in capital this week) isn’t exactly pumped about its newfound competition—and it’s not just Bevel ruffling its feathers. In October, Whoop also sued Polar, which makes its own version of screenless fitness wearables. The complaints, as you might expect, are similar to those made against Bevel. Whoop alleges that the Polar Loop copies key parts of Whoop’s design and that the hardware is tantamount to patent infringement.

The Verge says we can thank (or blame) Apple. “Digital health screeners weren’t a thing until the Apple Watch .. and it’s shaped how we think about wearables ever since.” And though there’s debate about such features causing health anxiety, wearable makers are racing to discover relationships between new biomarkers and enhanced longevity — hence why so many newer devices are zeroing in on recovery metrics, metabolism, and, for some reason, bodily fluids.

And the devices are only getting smarter and smaller. The new Snapdragon Wear Elite chip could make a big impact on the future of personal computing, from glasses to watches. Advancements include longer battery, faster processing, and low-power connectivity.

 
FYI:
 
Apple is speeding up its work on three AI wearable devices.

The Latest on the War

 

Pope calls for peace, and Trump vows hell for Iran on Easter

Pope Leo XIV and the top U.S. Catholic bishop for the military both used Easter Sunday to emphasize Jesus' message of peace amid the escalating Iran war. The first U.S.-born pope urged those who “unleash wars” to lay down weapons as President Trump continued his increasingly aggressive wartime rhetoric on Sunday to demand that Tehran “Open the F*ckin’ Strait, you crazy bastards, or you’ll be living in Hell — JUST WATCH! Praise be to Allah.” Yikes.

Also on Sunday, Trump and other U.S. officials cast the rescue of a U.S. airman in Iran ​as an “Easter miracle”, framing the operation in religious terms that portrayed the war as a just cause and divinely ‌blessed. However, two U.S. Special Operations aircraft were blown up on the ground during the rescue mission, a person familiar with the mission told reporters. MC-130Js are specially equipped planes that are used to carry out covert infiltrations and to remove troops from beyond enemy lines. The official didn't explain how the aircraft appeared to have gotten stuck during the course of the rescue operation, but said that it became necessary to destroy them.

Meanwhile, the Israeli military said early Monday it launched a wave of strikes against Iran. And Iran’s military warned of a “more devastating and widespread” offensive if the U.S. launches strikes on civilian infrastructure, according to a statement posted by Iranian state broadcaster IRIB. President Trump on Sunday threatened to destroy all of Iran’s power plants if the country’s leaders don’t agree to reopen the Strait of Hormuz by tomorrow evening.

Is America Heading for a Recession?

 

Many think so … and say it could be the worst yet

It’s been talked about for a while now, but many experts agree: A recession is coming. The Hill points out, this is not the “manicured kind economists dress up in euphemism, but a real one, the kind that redefines the word retroactively.” Niall Ferguson has been mapping the terrain: geopolitical shocks, energy disruption, inflation that won’t be reasoned with. History, he notes, does not reward economies caught in that particular combination. It never has.

We all know that roughly 60% of Americans cannot cover an unexpected $1,000 expense without borrowing. It’s not poverty, it’s paycheck-to-paycheck living that’s almost fine. And almost fine, it turns out, has a very low tolerance for what comes next. The layoffs have already arrived. The Iran war is raising stagflation risks for the global economy. And KPMG chief economist Diane Swonk tells Business Insider that if such an episode were to play out, a “deep recession” may be the only way out.

If the U.S. economy is headed off a cliff, better that we receive no warning in advance. That may not be the stated goal of the Trump administration, but, to borrow a term from the late MIT economist Paul Samuelson, that’s its “revealed preference.” The New Republic says that Trump is decimating two vital federal bodies that were created in response to the Great Recession … because that’s what the bankers want. Of course, the financial world doesn’t appreciate seeing the federal government advertise its vulnerabilities.

 
Dig Deeper:
 
Inflation or recession? The Economist examines the tug of war in bond markets.

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Shopping

What We’re Buying

 

A candle

 

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Morning Motto

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