The Daily Upside

New: The founder of The Daily Upside, Patrick Trousdale, is stepping away from the company, even as it is on track to see 60% growth in revenue this year. The move is part of a broader transformation afoot at the newsletter-based media brand. The publisher, which launched in 2019, named a CEO this spring (McKay Murphy), hired its first chief revenue officer this week (Katherine Divney), brought in a head of operations from 6AM City earlier this month (Carmen Starnes) and is launching a suite of new editorial products. The outlet, which has around 25 staff and is profitable, expects to bring in around $6.5 million in revenue this year. It has never raised outside funding. Its continued momentum is another sign that newsletter-based media operations, targeting specific audiences and built around talent, represent a viable path to growth for new media brands. My latest for ADWEEK: https://lnkd.in/epw5PwTz

Nice way to start the morning... seeing The Daily Upside in ADWEEK. Thanks for the piece, Mark Stenberg! 60%+ revenue growth YoY. Not bad. https://lnkd.in/eDuiiTSt

Executives said the firm’s 21% year-over-year revenue growth in the second quarter was partly due to RIAs’ continued interest in long-short strategies. Read more: https://lnkd.in/epjWUdDN

Generic drugmakers have much thinner margins, and are less interested in “reshoring” to the US where the costs are higher. Read more: https://lnkd.in/emKGSrdw

Chipmaker stocks have tanked in recent weeks. Nevertheless, inflows have persisted as investors bet on a rebound. Read more: https://lnkd.in/ep9J39Tq

The Danish pharma giant alleged Lilly misled consumers with false advertising claims that its weight loss drug is superior to Novo’s. Read more: https://lnkd.in/en9v3xRy

A new feature on the world’s largest professional networking platform lets users book and pay for time with an expert. Read more: https://lnkd.in/ewp4sBjA

Both Chinese models were trained without the most expensive chips and are expected to be cheaper and more efficient to operate. Read more: https://lnkd.in/exmrNgj2

The Robotics Supercycle ETF (RTOO) was launched alongside space- and defense-themed ETFs. Read more: https://lnkd.in/e4KwaWfG

US retailers have spent the summer importing as many goods as possible to capitalize on a small window before a new batch of tariffs arrive. Read more: https://lnkd.in/egr9scdw