Collection time ⏰ — The Twitter and Musk feud is nearing its climax. US inflation numbers are bad. And the Feds haven’t been able to get their loans back.

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As we await the start of Twitter v. Elon Musk (October 17 if you want to mark your calendar) the final pieces are falling into place for the tech trial of the century.

The federal government gave small businesses $49 billion in pandemic loans but forgot one crucial part of doling out tonnes of cash: A plan to get it back.

Higher-than-expected US inflation numbers have cleared the runway for the Federal Reserve to deliver another big rate hike—a realization that has sent markets into shock.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.