Your car reflects your personality, and data proves it. But America’s auto obsession brings hidden downsides.

1. Welcome to a new economic era. The staples of the past 15 years were weak demand and low interest rates. But going forward the new “economic supercycle” will keep growth, inflation, and geopolitical instability high. In the chaotic new environment, investors, lenders, and entrepreneurs must adapt or risk falling behind.
2. A networking group for executive women just cut some staff. Chief, which was valued at $1.1 billion in 2022, cut staff across the company amid a restructuring. A spokesperson for Chief told BI the layoffs will give the company “more agility” moving forward.
3. Pharmacies are disappearing. Last week, Walgreens announced it’d be shuttering 1,200 stores over the next three years, making it the latest pharmacy to cut down on retail locations. External factors, like the rise of e-commerce and the convoluted way American pay for healthcare, are forcing them to close shop — and turning the country into a shopping wasteland.

What’s happening today

• Trial begins with jury selection for Daniel Penny, who was charged with manslaughter for fatally choking New York subway rider Jordan Neely.
• Microsoft CEO Satya Nadella speaks at Microsoft UK AI Tour London event.

The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Milan Sehmbi, fellow, in London.