Images: Richard Jones | Ryan Wagner | Herton Escobar/University of SΓ£o Paulo | Emiliano Cimoli

BUSINESS & MARKETS

in partnership with AutoGive

  • πŸ’° US markets closed down across the board (S&P: -0.5%; Dow: -1.0%; Nasdaq: -0.6%).
  • πŸ“ US GDP grew a seasonally-and inflation-adjusted 1.6% in Q1, below analysts' expectations of 2.4%; federal data also indicates inflation was higher than expected in March.
  • πŸ“ˆ Microsoft reported quarterly earnings that beat analysts’ expectations on revenue and profit. | πŸ“ˆ Alphabet also reported earnings that topped analysts' expectations on revenue and profit; in addition, the tech giant announced its first dividend. | πŸ“ˆ Rounding out the trio: Snap unveiled a strong earnings report, sending shares up ~25% in after hours trading.

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SPORTS, MEDIA & ENTERTAINMENT

  • 🏈 USC QB Caleb Williams was selected by the Chicago Bears with the #1 overall pick in the NFL Draft. See the full Round 1 results. | 🏟️ Da Bears also unveiled a $4.7 billion proposal for a new lakefront stadium.
  • πŸ“ Harvey Weinstein's 2020 rape conviction has been overturned by the State of New York Court of Appeals, which ordered a new trial; the disgraced Hollywood producer will remain behind bars as it plays out due to his rape conviction in the state of California.
  • 🀝 Paramount and Skydance Media are inching closer to a deal.

SCIENCE, SPACE & EMERGING TECH

in partnership with Meco

  • πŸ§‘β€πŸš€ Chinese astronauts successfully repaired damage to the country’s Tiangong space station caused last month by a piece of space debris. (Space junk: a growing problem) | β˜„οΈ Scientists are preparing for a potentially hazardous asteroid that will fly by Earth in 2029 at a distance ~10x closer than the Moon.
  • πŸ€– A Baltimore-area high school athletic director has been arrested and charged with using AI to impersonate his principal and frame him for fake racist and antisemitic comments.
  • πŸ₯› The FDA announced that tests of commercially available milk detected traces of bird flu, though federal officials say the risk to the public remains low.

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MISCELLANEOUS

  • 🏭 The Environmental Protection Agency unveiled new rules aimed at curbing emissions and other pollution from power plants; legal challenges are expected.
  • πŸ™ Rep. Donald Payne Jr. (D-NJ) passed away at the age of 65 after suffering a heart attack earlier this month.
  • βš–οΈ The Supreme Court heard arguments yesterday over whether former President Trump should have presidential immunity from criminal charges that he conspired to overturn the 2020 election results. (From the Left | From the Center | From the Right)

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