Images: Ryan Pierse | Kevin Sabitus | Steph Chambers | Marc Aspland

BUSINESS & MARKETS

in partnership with NoNetz

  • 💰 US markets closed mixed (S&P: +0.1%; Dow: -0.1%; Nasdaq: +0.3%); the S&P and Nasdaq notched record-high closes (again). | 🗣️ Fed Chair Jerome Powell is set to testify on Capitol Hill today and tomorrow.
  • ✈️ Boeing will plead guilty to a criminal fraud charge stemming from two 737 Max crashes that killed 346 people; the company will also pay a fine of $244 million and invest an additional $455 million in its compliance and safety programs.
  • 📱 Microsoft is requiring its China-located employees to use iPhones – no Androids allowed.

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SPORTS, MEDIA & ENTERTAINMENT

  • ⚖️ Alec Baldwin’s involuntary manslaughter trial over the fatal shooting of Rust cinematographer Halyna Hutchins begins today.
  • Team USA announced the roster for its Olympics men’s soccer team, which qualified for this year’s Summer Games for the first time since 2008.
  • 🏀 Angel Reese, a rookie forward for the Chicago Sky, set an all-time WNBA record on Sunday with her 13th consecutive double-double. | ✍️ UConn signed men’s head basketball coach Dan Hurley to a new six-year, $50 million contract, making him the second-highest paid coach in the sport.

SCIENCE, SPACE & EMERGING TECH

in partnership with Slumber

  • 🏛️📝 Higher ceilings in exam halls are linked to poorer test results for students, per a new study from Australian researchers. | 💉 GLP-1 drugs like Ozempic and Wegovy were shown to reduce the risk of certain cancers linked to obesity in a new study.
  • 🤖📧 Researchers developed a computer virus that can use ChatGPT to send emails to your contacts to spread itself; it can also evade antivirus scans by rewriting its own code. The Era of Distrust is upon us.
  • 🚀☄️ China announced plans to launch a spacecraft intended to smash a nearby asteroid sometime before 2030; the mission is designed to test the feasibility of protecting against Earth-threatening asteroids (similar to NASA’s DART mission).

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MISCELLANEOUS

  • 🌀 Tropical Storm Beryl sped across the Texas coast yesterday, contributing to at least two deaths and leaving 2.2+ million people and businesses without power in the Houston area; the storm weakened from a Category 1 hurricane hours after making landfall yesterday morning. | 🌏 The Earth recorded its warmest June on record, extending its record streak to 13 straight months, per the EU’s Copernicus Climate Change Service.
  • 🎓🏥 A majority of Johns Hopkins medical students will receive free tuition after the school received a $1 billion gift from Michael Bloomberg’s philanthropic foundation.
  • 📝 President Biden sent a letter to congressional Democrats yesterday saying he’s “firmly committed” to staying in the 2024 presidential race despite calls for him to step aside following an underwhelming debate performance. (The letter | More: Biden’s 2024 campaign is facing internal scrutiny)

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