BUSINESS & MARKETS
- 💰 US markets closed up across the board (S&P: +0.3%; Dow: +0.1%; Nasdaq: +0.8%).
- 🐈 Keith Gill, the meme-stock folk hero known as “Roaring Kitty,” unveiled a 6.6% stake in Chewy worth ~$245 million at Friday’s closing price; Chewy’s stock closed down 6.6% yesterday.**
- ☕ Starbucks began implementing its Siren Craft System; it involves a series of changes to how orders are processed to reduce bottlenecks and long wait times.
SPORTS, MEDIA & ENTERTAINMENT
in partnership with Practice of Life
- 🏀 NBA free agency: Paul George signed a four-year contract with the 76ers ($212M); Tyrese Maxey signed a five-year deal with the 76ers ($204M); Klay Thompson is heading to the Mavericks on a three-year deal in a sign-and-trade ($50M). | 💰 The Boston Celtics’ majority owner is putting the team up for sale weeks after its NBA championship; the Celtics also reportedly signed Jayson Tatum to a five-year, $314M extension that’s the largest in NBA history.
- 🎥 Netflix and Amazon accounted for more than half (53%) of the world’s overall streaming commissions during Q1 of this year, with both companies ordering the majority of their titles from outside the US, per a new Ampere Analysis report.
- 🏒 NHL free agency officially kicked off yesterday. | ⚾ Bobby Bonilla Day was yesterday; a good amount of other retired MLB players also received deferred payments.
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SCIENCE, SPACE & EMERGING TECH
in partnership with Mira
- 🍇 The meteor that caused the extinction of the dinosaurs ~66 million years ago may have also helped facilitate the spread of grapes around the world, per a new study.
- 🌱🪐 Chinese scientists identified a species of desert moss they say is able to survive in the harsh conditions found on Mars.
- ⚡⚛️ Amazon is reportedly nearing a deal for electricity supplied directly from a nuclear plant operated by Constellation Energy, the largest owner of US nuclear-power plants.
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MISCELLANEOUS
- 🎓 A federal appeals court allowed a key part of President Biden’s SAVE student loan relief plan to resume as the legal challenges against it unfold.
- ⚖️ The Supreme Court issued two major decisions yesterday outside of presidential immunity; Justices extended the time frame for companies to challenge regulations, and kept on hold efforts by Texas and Florida to limit how social media platforms regulate content.
- 🔄 The Rubik Cube turns 50.
CLICKBAIT
**Disclosure: Chewy is a paying sponsor of The DONUT.