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It’s Sunday — time to catch up on the wild, the historic, and the head-scratching from this week’s business and market news:

• Regencell CEO Becomes a Billionaire Without Revenue: Yat-Gai Au, head of a no-revenue herbal medicine company, saw his net worth skyrocket to $33.2 billion after Regencell stock surged 59,000%. But the rally may not last — the stock plunged 40% on Friday.

• Microsoft Hits All-Time High: Microsoft stock climbed to nearly $484 Friday — its highest level ever — as investors double down on the company’s AI and cloud dominance. The milestone comes amid rising tensions with OpenAI, but Wall Street remains bullish.

• The Credit Card Arms Race Heats Up: Amex and Chase are battling it out with premium perks — and price hikes. Amex is revamping its $695 Platinum card, while Chase just raised Sapphire Reserve fees to $795. Gen Z and Millennials are still signing up, despite rising delinquency rates.

• How Old Is Your Plane? Probably Older Than You Think: Following the deadly Air India crash, questions swirled about aircraft age. But a 12-year-old plane isn’t unusual — and many major carriers operate fleets with older averages. Air travel remains highly regulated and age alone isn’t a key risk factor.

• Despite Headlines, Flying Is Safer Than Ever: The Air India crash was the first fatal 787 incident in the model’s 16-year run. Overall, 2023 marked the second safest year in aviation history. Crashes grab headlines, but flying remains one of the safest ways to travel.

Regencell CEO Becomes a Billionaire Without Revenue

Yat-Gai Au, CEO of Regencell Bioscience, just became one of the richest people on earth — thanks to a jaw-dropping 59,000% rally in his company’s stock this year. 💸

With no revenue and no profit, the Chinese herbal medicine firm somehow catapulted his 86% stake to a staggering $33.2 billion, briefly placing him above Bill Ackman and Peter Thiel on the Bloomberg Billionaires Index. 😮

But fortunes can be fickle: the stock tumbled 40% on Friday. As they say… life comes at you fast. ⚡

Microsoft’s Stock Smashes Records

Microsoft just reached its highest stock price ever — nearly $484 per share, setting a new all-time high in its 39-year history as a public company. 🎉

Back in 1986, it IPO’d at just $21. Now, after 9 stock splits and a massive pivot from software boxes to cloud and AI, it's one of the most valuable companies in the world.

The surge comes even as tensions simmer in its $14 billion partnership with OpenAI — proving that investors are betting big on Microsoft’s cloud-AI future. ☁️🤖

The Luxury Card Arms Race No One Asked For

The credit card showdown is back — and it’s getting expensive. 🥶

American Express is teasing its “largest-ever refresh” for the Platinum Card, still rocking a hefty $695 annual fee. Not to be outdone, Chase just hiked its Sapphire Reserve to $795 — a 45% increase — while adding more perks like hotel and lifestyle credits.

Why the glam arms race? Because Gen Z and Millennials seem more than happy to pay for prestige — despite being the group with the highest credit card delinquency rates.😬

For Amex and Chase, the message is clear: young affluents love perks, and they’re willing to pay (a lot) for them.

Your Plane Is Probably Older Than You Think

After the recent tragic Air India crash, many questioned whether the aircraft’s age played a role. The Boeing 787 Dreamliner involved was 12 years old — but that's not unusual 🛩️.

Air India’s average fleet age is 8.1 years, which is actually younger than many major airlines. For context, United, Lufthansa, and Ryanair all operate fleets with average ages over 12–16 years.

So while the incident was deeply tragic and is still under investigation, the plane’s age wasn’t unusually high — and aging fleets are common across global aviation.

Plane Crashes Are Rare — And Getting Rarer

Despite the tragic Air India crash that killed nearly all 242 passengers and 29 people on the ground, fatal plane crashes remain incredibly rare.

It was the first-ever crash involving a Boeing 787 in its 16-year history. And while Boeing has faced intense safety scrutiny, aviation overall has become much safer.

In 2023, only 0.03 fatalities per million passengers were recorded — making it the second safest year ever, behind only 2017.

So while tragedies draw attention, the data shows that flying is still one of the safest forms of travel in the world ✈️ 🤗.

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