Benchmark and Bill Gurley spent the last year in a bruising fight with Uber’s CEO. Now what? Questions swirl around the powerful venture capital firm as it prepares to raise a new fund within the next year. Can major tech players — not just investors — retain their star power while also trying to develop a younger generation to take their places? [Theodore Schleifer / Recode]
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Tesla’s push to make more Model 3 electric cars has expanded to the outdoors. When CEO Elon Musk tweeted that Tesla had built an “entire new general assembly line” in just three weeks with “minimal resources,” he was talking about a giant tent in Fremont, Calif. And, as with all things Tesla, the tent instantly became the focus of intense interest: Internet sleuths posted and dissected satellite imagery, spy shots and aerial footage of the new temporary manufacturing facility. [Andrew J. Hawkins and Sean O’Kane / The Verge]
The New York Times wrote an uncomfortable, must-read story about the New York Times and the Times reporter whose records were seized by federal investigator. [The New York Times]
Facebook, Instagram, Twitter and Google are among the internet companies that will participate on Wednesday in an “opioid summit” in Washington, D.C. Hosted by the Food and Drug Administration, the event is part of an effort to find ways to crack down on the illicit sale of opioids on those platforms. Revenue from online illicit drug sales grew from between $15 million to $17 million in 2012 to $150 million to $180 million in 2015; when searching online for prescription opioids across the three major search engines, nearly 91 percent of the first search results led users to an illegal online drug seller offering prescription opioids. [FDA.gov]
Cannes Lions, the ad industry’s biggest party, might finally be sobering up. Maybe it was because some of the Top 5 global ad agencies like Publicis and Omnicom sent fewer people than usual, but the event felt much more subdued than in years past — Snap opted for a subtle art exhibit in place of last year’s giant yellow Ferris wheel, for instance. Fewer people meant fewer wasted meetings, at any rate — catch up here with some of the takeaways. [Kurt Wagner / Recode]
Less than a year after stepping away from Vanity Fair, magazine editor Graydon Carter is launching his own media company. Said to be a multiplatform venture centering, at least at first, on wealthy and famous European families, Carter’s new venture could debut before the end of the year; TPG Capital may fund it. [Alexandra Steigrad / New York Post]
Welcome to Blaine, the town Amazon Prime built: As the only U.S. border town located in the shadow of a major Canadian city, Blaine has flourished during the past decade — it’s the nearest, cheapest and most convenient way for Canadians to order packages from Amazon. But as Amazon continues to step up its Canadian operations and a growing number of American (and Canadian) retailers have made it easier to ship to Canada, is there a future for the town if it no longer serves as Canada’s front porch? [Alexandra Samuel / The Verge]
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This article originally appeared on Recode.net.