• ☝️ The most expensive home in Boca Raton, Florida, just closed for $40 million – with a catch. The buyer of the 1.7-acre property plans to tear down the 1990s home and guesthouse and rebuild across 400 feet of water frontage.

BUSINESS & MARKETS

in partnership with Top Tree Herbs

• 💰 US markets closed down across the board (S&P: -1.6%; Dow: -1.5%; Nasdaq: -2.0%). | 👎 US consumer confidence is at its lowest level since July 2022, per new data.
• 🪙 Binance founder Changpeng Zhao was sentenced to four months in prison for failing to establish adequate anti-money laundering protections. | 💼 Tesla, around two weeks after initiating layoffs for ~14,000 staffers (10% of its workforce), is initiating another round of layoffs; those affected include senior execs and the majority of its Supercharging team.
• 🏢 More than $38 billion of US office buildings are threatened by loan defaults, foreclosures, or other forms of distress; that’s the highest amount since Q4 2012. (Read more)

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SPORTS, MEDIA & ENTERTAINMENT

• 🥊 The Mike Tyson-Jake Paul boxing match (July 20) will be classified as a sanctioned, professional fight.
• 📱 Instagram is overhauling its Reels algorithm to boost "original content"; the move is expected to benefit creators with smaller followings.
• 🏆 The Tony Awards unveiled its 2024 nominations; Hell's Kitchen and Stereophonic lead the pack with 13 nods apiece.

SCIENCE, SPACE & EMERGING TECH

in partnership with Commons

• 🎗️ Women should get screened for breast cancer every other year starting at age 40, according to new guidance issued by the US Preventive Services Task Force.
• 💊 The FTC is challenging “junk” patents held by ten drugmakers, including for Novo Nordisk’s Ozempic.
• ⚖️ Eight US regional newspapers owned by investment giant Alden Global Capital are suing OpenAI and Microsoft for copyright infringement. | ✍️ OpenAI signed a deal with UK news publisher the Financial Times; the deal allows OpenAI to use FT content to train models and include in ChatGPT responses.

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MISCELLANEOUS

• 🎓 Israel-Hamas student protests: Dozens of Columbia University protesters breached an administrative building yesterday and barricaded themselves in, with school officials warning any involved students will face expulsion; police entered the campus and removed protestors late last night. | Protesters broke into Portland State’s main library Monday night amidst a wider demonstration. | Brown and Northwestern both reached agreements with student protesters to end their encampments.
• 📝 The NSA disclosed classified information about Americans who appeared in foreign spy reports authorized under Section 702 of the Foreign Intelligence Surveillance Act – a process called “unmasking” – over 31,000 times last year, nearly triple the amount in 2022.
• ⚖️ The New York judge presiding over former President Trump’s hush-money case issued a $9,000 fine to Trump yesterday and threatened to throw him in jail for repeatedly violating a gag order regarding public statements about potential witnesses. (From the Left | From the Center | From the Right)

CLICKBAIT

• 🍿📅 The full list of movies coming to theaters and streaming this summer.