• ☝️ The Royal Entomological Society announced the winners of this year’s Insect Week photography competition, which showcases the best shots from amateur photographers around the world.

BUSINESS & MARKETS

in partnership with Slumber

• 💰 US markets fell on Friday (S&P: -0.4%; Dow: -0.1%; Nasdaq: -0.7%). | 📉 Nike cut its full-year guidance and said it expects sales to fall ~10% in the current quarter; the company's stock dropped 20% on Friday (creating the exact opposite shape of its swoosh logo on charts), good for its worst one-day performance in history. | 🪵 Lumber futures are down 27% since mid-March; the price of 2x4s is generally a reliable leading indicator for the housing market.
• 📝 Chicken Soup for the Soul Entertainment, owner of Redbox and Crackle and a subsidiary of the company behind the books every ‘90s kid read on the toilet, filed for bankruptcy.
• 🚜 Rural retailer Tractor Supply is eliminating DEI roles, withdrawing its carbon emissions goals, and walking back its Pride support. | 🚬 Tobacco giant Reynolds American is reportedly launching a line of fruit-flavored vapes that don't contain any nicotine.

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SPORTS, MEDIA & ENTERTAINMENT

• 🍿 Domestic box office: Inside Out 2 came in at #1 for a third straight weekend with $57.4 million, and also became the first film to top $1 billion globally since Barbie; A Quiet Place: Day One came in second with $53 million in its debut; Horizon: An American Saga – Chapter 1, an Old West movie directed by Kevin Costner, earned $11 million in its debut.
• 🏀 NBA free agency officially began at 6 pm ET yesterday; James Harden re-signed with the Clippers for two years, while Chris Paul was waived by the Warriors and will reportedly sign with the Spurs.
• 🗣️👀 51.3 million people watched the first presidential debate of the 2024 election on Thursday night, down from 73 million viewers in 2020 and 84 million in 2016.

SCIENCE, SPACE & EMERGING TECH

in partnership with Chewy.com

• 🤖 Google Translate is adding 110 languages – nearly doubling its total – after the platform was trained on Google’s PaLM 2 AI language model.
• 🦣 The last wooly mammoths went extinct ~4,000 years ago due to a sudden freak event like an extreme storm or plague, instead of a gradual die-off due to inbreeding or human hunting, per a new study.
• 🥛 A new FDA study shows a pasteurization approach widely used in the dairy industry is effective at killing bird flu in milk; the agency says the results show drinking pasteurized milk is safe, despite an ongoing outbreak of bird flu among cows.

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MISCELLANEOUS

• 🌀 Hurricane Beryl, which formed Saturday evening, has rapidly intensified into a major Category 4 storm; it’s projected to hit Barbados and the Windward Islands this morning. | 🏘️ State Farm General is seeking to raise residential insurance rates by 30+% for millions of Californians.
• 🚨 A Uvalde County grand jury indicted former school district police Chief Pete Arredondo and another former district officer on child endangerment; it marks the first criminal charges over law enforcement’s delayed response to the 2022 mass shooting in Uvalde, Texas.
• ⚖️ The Supreme Court issued two major decisions on Friday outside of the Chevron doctrine; Justices upheld a law criminalizing homeless encampments, and narrowed the scope of a law being used to prosecute January 6 rioters and former President Trump.

CLICKBAIT

• 🤔🏖️ Is an all-inclusive resort cheaper than rent? One man tried it.