Good morning. This is Shades of the Day, bringing you different shades of perspective in news and culture so that you can see the big picture quickly.

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It’s Thursday, May 2— here’s what you’ll find in today’s newsletter:

• The UMG-TikTok deal

• Billie Eilish’s ticket prices

• 4 quick hits of news from the last 24 hours

- Jeff (co-founder of Shades)

🎶 The UMG-TikTok deal

🎶 WSJ: After a months-long standoff, Universal Music Group struck a deal with TikTok. The fresh licensing deal will allow songs from the world’s largest music company back on the app.

🎶 In a statement, UMG and Tiktok presented the agreement as a win-win: The two agreed to work together to squash unauthorized AI music from the app

🎶 @TheoriginalJN's reaction on X: Of course TikTok and UMG struck a deal! They both benefit from having big songs and artists on the platform.

🎶 @thesheilabeef on TikTok was excited: This is big for TikTok creators. Dealing with muted sounds was annoying.

🎶 By the way, Bloomberg says the UMG deal doesn't fix TikTok's biggest problem — it's still facing a looming US ban.

🎤 Billie Eilish ticket prices

🎤 Billie Eilish is set to tour the world with her “Hit Me Hard and Soft” album. The Independent says fans outraged over “ridiculous” £145 ticket prices for floor seats.

🎤 Variety wonders if the high ticket prices are really about her making the tour eco-conscious.

🎤 A Redditor on r/BillieEilish: The tickets are absurdly expensive, hitting double previous tour prices!

🎤 But maybe this is a lot of nothing? Another Redditor points out that these prices are for presale only — prices will probably come down.

4️⃣ Quick hits

🏀 Brittney Griner opens up about her time in Russian prison, recovery, and return to basketball in a candid interview.

🚴 Peloton announces job cuts and CEO Barry McCarthy's departure amid efforts to revitalize the company.

🎓 Biden breaks silence on campus clashes amid pro-Palestine and pro-Israel tensions, plans to speak.

🕊️ Hamas agrees to continue cease-fire discussions in Cairo amid ongoing Israel-Gaza conflict and humanitarian crisis.