Daily Brew // Morning Brew // Update

May 27, 2026

Hey hey hey. Mainstream movies are more likely to star an actor named Chris or a talking animal than a woman over 60, according to a new study by Age Without Limits, a group seeking to improve representation of older women in Hollywood.

Here’s a free idea: Greenlight a reboot to The Expendables with the cast of 80 for Brady instead of another Garfield voiced by Chris Pratt.

—Molly Liebergall, Sam Klebanov, Matty Merritt, Adam Epstein

In today’s newsletter, we’ll get into:

Ferrari’s first EV underwhelming
Rising beef prices forcing BBQ joints to close
The new indie horror movie breaking the box office

MARKETS

Nasdaq

26,656.18

+1.19%

S&P

7,519.12

+0.61%

Dow

50,461.68

-0.23%

10-Year

4.493%

-6.0 bps

Bitcoin

$75,982.68

-1.58%

MSG Sports

$366.34

+3.52%

Data is provided by

*Stock data as of market close, cryptocurrency data as of 5:00pm ET. Here's what these numbers mean.

Markets: Stocks swung up yesterday as an AI-driven rally in tech powered through anxiety about the conflict in Iran. Meanwhile, MSG Sports rallied to a new record yesterday after the New York Knicks clinched a spot in the NBA Finals, which, if you’re younger than 27, is the first time you’ve seen those words in your lifetime.

COME SI DICE “FLOP”?

Ferrari unveils its first EV to resounding criticism

Ferrari

Despite designing its debut electric vehicle to be especially aerodynamic, Ferrari is still facing plenty of drag on its new car. The luxury carmaker’s stock shed 5% yesterday after the company launched the Luce, its highly anticipated EV that dares to ask, “What if we put the Ferrari logo on a Nissan Leaf?”

That’s one of many negative comparisons circling the Luce, which costs ~$640,000 and was co-designed (inside and outside) by former Apple design chief Jony Ive. If you parked it next to any other Ferrari, the pair might resemble that movie where Arnold Schwarzenegger and Danny DeVito play twins:

The Luce’s focal point is a shell-like windscreen that appears to extend to the car’s nose, reducing air resistance.
It’s also Ferrari’s first five-seater: The car is branded as “the most comfortable Ferrari ever,” marking a family-friendly departure.
The Luce mimics Ferrari’s signature engine rev by amplifying the electric motor’s vibrations. Ferrari says it gets 329 miles per full charge—more than many affordable EVs.

“We risk destroying a legend,” former Ferrari boss Luca Cordero di Montezemolo, who chaired the company from 1991 to 2014, said yesterday.

Reviews of the design range from “unlike that of any other Ferrari,” via Car and Driver, to a “soulless robotaxi,” per autoevolution, to downright ugly, via countless social media users. Some Ferrari fans may think the carmaker’s EV dilutes its “supercar brand,” a Morningstar analyst told CNBC.

The Luce’s interior, which had already been partially revealed, was better received.

This might be Ferrari’s biggest swing ever

And it comes at a time when weakening EV demand has led Lamborghini, Porsche, Mercedes-Benz, and Bentley to delay their own electric plans.

Ferrari’s bet: The Luce could impress wealthy families, technologically enthused younger generations, and drivers in China, where EVs are still popular (and petrol cars are heavily taxed).

Though initial reactions suggest a whiff, analysts are waiting to see how long (or short) the Luce’s waitlist will be. Orders open this week.—ML

Sponsored By PGIM

One credit continuum, one partner

Investment opportunities are growing across public and private credit. PGIM’s insights hub, The Credit Continuum, showcases PGIM’s latest views and convictions, informed by nearly 150 years of credit investing experience.

The evolution of credit markets is changing how capital is allocated. Private credit is a broad and differentiated opportunity set that encompasses direct lending, private ABF, credit secondaries, infrastructure debt, and other strategies, offering investors a wider range of options when constructing portfolios.

When market stress tests resilience and reveals risk, investors need a consistent process to evaluate allocation choices across the continuum. PGIM’s underwriting standards, credit expertise, and disciplined approach to risk management are designed to support investment decision-making across varying market environments.

WORLD

Tour de headlines

Majid Saeedi/Getty Images

Iran threatens to retaliate after US strikes. The Islamic Revolutionary Guard Corps said it has a right to a “reciprocal response” after the US conducted what it said were defensive strikes on Iranian sites and boats yesterday. Iran’s warning comes as the two countries reportedly work toward a peace deal, though disputes over language are holding things up, CNN reported. Meanwhile, Iran reportedly restored some internet access following a monthslong blackout that began after the US and Israel attacked the country on Feb. 28. President Trump is expected to convene a Cabinet meeting today amid the talks with Iran.

BP ousts chairman over “serious” conduct concerns. The board of British energy powerhouse BP fired Chairman Albert Manifold yesterday, just months into the job. The reasons for Manifold’s dismissal were manifold: “The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action,” Amanda Blanc, senior independent director at BP, said in a statement. The ouster comes as BP pivots away from renewable energy and doubles down on its core business of fossil fuels.

Eli Lilly acquires trio of vaccine makers for nearly $4 billion. The pharma giant, which has soared in recent years thanks to its weight loss drugs, agreed to buy Curevo, LimmaTech Biologics, and Vaccine Company, the Wall Street Journal reported. Curevo is developing a shingles vaccine, while LimmaTech is making vaccines against bacterial pathogens and the aptly named Vaccine Company is producing vaccines against Epstein-Barr virus. It continues a buying spree for Lilly, which has recently expanded its portfolio to include drugs that treat cancer, sleep disorders, and autoimmune diseases.—AE

COOKED

Beef prices drive iconic Texas BBQ joints to closure

Niv Bavarsky

Everything is bigger in Texas, including the cultural damage from rising beef prices. Storied barbecue pits across the Lone Star State are shuttering, squeezed by the skyrocketing cost of their culinary touchstone, brisket, the Washington Post reported yesterday.

Droughts reducing the US cattle herd to its smallest size in 75 years and tariffs on imported beef have been blamed for the Texas barbecue crown jewel starting to cost as much as actual gems. The retail price of the cut was up 32% this month from last year, according to the USDA.

Brisket bust

Those rising beef costs are reducing brisket margins, creating an existential crisis for the purveyors of the state’s signature smoky treat:

Higher costs were partially responsible for the recent closure of Kirby’s BBQ, a Houston-area destination for oak-smoked brisket. They also claimed staple spots Brett’s BBQ Shop and Sabar BBQ.
The award-winning BBQ restaurant Burnt Bean Co. told the WaPo that it’s in “survival mode” despite lines out the door. It’s considering serving brisket only once a week.

One Texan pit master said he worries the beef crunch will reduce the regional variety of the state’s brisket scene.

Meanwhile…the US Justice Department and Texas are investigating four meatpacking giants—which control 85% of the US beef market—over allegations of anti-competitive practices that hurt ranchers and retailers.—SK

Sunscreen trivia

Today is National Sunscreen Day, which raises the question: Do you know what SPF stands for?

SHARE THE BREW

Share the Brew, watch your referral count climb, and unlock brag-worthy swag.

Your friends get smarter. You get rewarded. Win-win.

Your referral count: 0

Click to Share

Or copy & paste your referral link to others:
morningbrew.com/r/?kid=71df84e8

ANSWER

Sun Protection Factor

Word of the Day

Today’s Word of the Day is: manifold, meaning “having many and various forms.” Thanks to Rob from Alabama for the suggestion. Submit another Word of the Day here.

✳︎ A Note From Cytonics

This is a paid advertisement for Cytonics’ Regulation CF offering. Please read the offering circular at https://cytonics.com/.

Forward-looking statements are subject to risks and uncertainties. There is no guarantee of performance. Past performance does not predict future results. All investments involve risk, including loss of principal.

ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe .
View our privacy policy .

Copyright © 2026 Morning Brew Inc. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

☕️ Ferrari flop