Global Picard Spectra and Borel Parametrized Algebra

We answer a question of Schwede on the existence of global Picard spectra associated to his ultra-commutative global ring spectra; given an ultra-commutative global ring spectrum $R$, we show there exists a global spectrum $\mathrm{pic}_\mathrm{eq}(R)$ assembling the Picard spectra of all underlying $G$-equivariant ring spectra $\mathrm{res}_G R$ of $R$ into one object, in that for all finite groups $G$, the genuine fixed points are given by $\mathrm{pic}_\mathrm{eq}(R)^G \simeq \mathrm{pic}(\mathrm{Mod}_{\mathrm{res}_G R}(\mathrm{Sp}_G))$. Along the way, we develop a generalization of Borel-equivariant objects in the setting of parametrized higher algebra. We use this to assemble the symmetric monoidal categories of $G$-spectra for all finite groups $G$ together with all restrictions and norms into a single `normed global category', and build a comparison functor which allows us to import ultra-commutative $G$-equivariant or global ring spectra into the setting of parametrized higher algebra.