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Prenups, Taxing Billionaires, and John Carreyrou

What we learned about Business & Finance this week.

Good morning. It's Thursday, Oct. 22, and welcome to this week's Business & Finance newsletter. First time reading? Sign up here or forward to share with friends.

 

This week, we're learning about prenuptial agreements, the often-misunderstood legal documents some couples sign before marriage. We're also exploring California's proposed billionaire tax, journalist John Carreyrou's take on the hit Nathan Fielder documentary "You Can See Everything," and more.

 

PS—Reader feedback is a gift! Whether it's feedback on today's email, suggestions for us to cover, or anything else, we're happy to hear from readers. Simply reply to this email or reach out at [email protected].

 

—Phoebe Bain, 1440 Business & Finance Section Editor

Happily Ever Drafted

 

Short for "prenuptial agreements," prenups are legal documents drafted before marriage that outline how a couple's finances will be handled in the event of divorce or death. Contrary to popular belief, prenups aren't only for the ultrawealthy. Any couple who wants a say in how their assets, liabilities, and future earnings will be divided can get a prenup, provided they have the funds to retain lawyers or online services needed to create one.

 

> How much does getting a prenup cost? (More)
> The difference between a prenup and a postnup. (More)

 

While divorce has likely always existed alongside marriage, prenups date back to at least ancient Egypt, when they outlined what a husband would owe his wife if the marriage ended. In the US, prenups have become more popular in recent years as people get married later. In one 2026 poll, about 53% of engaged or married American respondents under age 45 said they had signed a prenup. That's up from 41% of Gen Z and 34% of millennials in a similar 2022 poll.

 

> Why younger generations seem more likely to embrace prenups. (More)

> Jewish ketubahs were some of the earliest forms of marriage contracts. (More)

 

Proponents argue that prenups give a couple more agency—a prenup replaces a state's default rules for what happens to a divorcing couple's finances with terms the couple sets themselves. Critics point to research linking prenups to lower marital satisfaction, with some finding it pessimistic to plan for a divorce ahead of a marriage.

 

> Judges generally won't enforce one-sided prenup clauses about a spouse's weight, chores, or fidelity. (More, w/video)

> How living in a community property state versus an equitable distribution state could impact your divorce. (More)

 

Discover more: 

> Nevada's "divorce ranches" once housed wealthy women who wanted to get divorced more quickly and easily, starting in the 1930s. (More, w/video)

> Listen to a family lawyer and a therapist discuss prenups. (More)

> How married women won property rights in the US. (More)

🫶 Humankind: A man in Texas finds more than $128K on top of an ATM—and returns all of it to the rightful owner. 

 News in Context 

 

1440 brings you the knowledge and context behind the week's stories:

 

Lawmakers in over 30 states have considered pricing bills this year as consumers grow increasingly frustrated with AI-assisted dynamic pricing. (More)

 

> What is dynamic pricing? 

> How smart pricing algorithms can work together to raise prices.

 

US homebuyers are canceling sales at near-record rates, with 14.5% of homes falling out of contract in September. (More)

 

> See how 30-year fixed mortgage rates have changed over time.

> How many people use mortgages to purchase homes?

 

Americans are expected to spend $13.5B on Halloween this year, with one study finding that 45% of US consumers are more permissive about indulging than they were a year ago. (More)

 

> The movie "Halloween" is one of the most profitable indie films of all time.

> See the states that spend the most money on Halloween candy.

 

A proposed tax on California billionaires is falling short of majority support in a recent poll, with 46% in favor and 43% opposed. (More)

 

> Switzerland has more billionaires per capita than almost any other country.

> Inside an exclusive billionaire island.

One Story We're Taking Stock In

 

"You Can See Everything," the Nathan Fielder documentary that chronicles the 34 days leading up to disgraced biotech CEO Elizabeth Holmes reporting to prison, broke box office records this past weekend. Now, John Carreyrou, the journalist who first exposed the fraud at Holmes' blood-testing company, Theranos, has shared his take on the film.

 

As viewers grapple with the film's core question (is Holmes a master manipulator, or is something more complicated afoot?), Carreyrou's piece feels particularly insightful, given that the journalist is among the world's foremost Holmes experts. In the story below (one of my personal favorite reads of the week), Carreyrou argues that Holmes is as calculated as ever, casting doubt on the idea that someone else is pulling the strings.

> The Elizabeth Holmes documentary, through the eyes of the reporter who exposed her. (Read, free w/email)

> Who is Elizabeth Holmes, and why is she in prison? (1440 Topics)

 Etcetera 

 

> What's fact versus fiction in the new "Social Reckoning" Facebook film?

 

> Where the term "Black Friday" comes from.


> How Hollywood helped fund World War I.


> Why most Americans believe some wealthy people don't pay enough taxes. 

 

> Was Elizabeth Holmes' biotech company Theranos a cult?

 

> How life insurance actually works.

 

> Bumble went private last week—but its founder was once the youngest woman to ever take a company public.
 

> How investors choose stocks.

 

> See every company that has come and gone from the Dow since 1928.

 

> How Bank of America helped create Visa.

 

> Should you get earthquake insurance?


> Explore our Business & Finance feed for more like the above.

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