• ☝️ Former Citicorp CEO John S. Reed and his wife Cindy are listing their oceanfront compound in Massachusetts for $40 million; the 25-acre compound, which includes a 14,000-square-foot main house and a dock house, is the most expensive property for sale in the state.

BUSINESS & MARKETS

in partnership with 120/Life

• 💰 US markets rose across the board yesterday (S&P: +0.6%; Dow: +1.9%; Nasdaq: +0.2%); the Dow closed at a record high for the second straight day. | 🏷 US retail sales were flat in June; economists had expected a 0.3% drop in spending. | 🚘 Car repossessions in the US are up 23% year-over-year, per a new report.
• 🏭 Zyn-maker Phillip Morris is investing $600 million to build a new factory in Colorado dedicated to making the popular nicotine pouches. (More: Why Zyn is getting harder to find in America) | ✌️ Elon Musk said yesterday that he will be moving both X and SpaceX’s headquarters out of California.
• 🏦 Morgan Stanley, Bank of America, and Goldman Sachs all reported quarterly earnings over the past two days. See three major takeaways.

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SPORTS, MEDIA & ENTERTAINMENT

• ⚾ MLB All Star Game: The American League defeated the National League 5-3 to win their 10th contest in 11 years; Red Sox outfielder Jarren Duran was named All Star Game MVP. | 🎤 Country star Ingrid Andress issued a public apology for Monday’s national anthem performance at the Home Run Derby, saying she was “drunk” and plans to check into rehab.
• 👟🏀 New Balance announced a multiyear deal to become an official partner of the WNBA; the agreement also includes broadcast, digital, and retail content featuring Sparks rookie forward Cameron Brink.
• ⚖️ The judge presiding over the federal racketeering trial of rapper Young Thug and his associates was recused from the case this week after multiple defendants filed complaints over his “improper meetings” with a prosecution witness. | ⚖️ Ozy Media cofounder/CEO Carlos Watson was found guilty of defrauding investors.

SCIENCE, SPACE & EMERGING TECH

in partnership with Commons

• 🍎 Apple released a beta version of iOS 18; the company also released public betas for the next operating systems for Mac, iPad, and Apple Watch.
• 🤖 The Energy Department unveiled its roadmap for a new agency-wide effort to harness and advance AI for the public's benefit.
• 🪙 A London judge referred Australian computer scientist Craig Wright to prosecutors for potential perjury charges after concluding he repeatedly lied about being bitcoin’s mysterious creator Satoshi Nakamoto.

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MISCELLANEOUS

• 👀 A Visual Timeline of How the Trump Assassination Attempt Unfolded.
• 🏢 The Biden administration announced a plan to remove tax benefits from landlords who raise their tenants’ rent more than 5% per year; the rule would apply to landlords with 50+ units, covering roughly half of all US rentals. (Read more)
• 🏛️⚖️ Sen. Bob Menendez (D-NJ) was convicted on all 16 counts in his federal bribery trial; his conviction includes a charge of acting as a foreign agent, making Menendez the first US senator found guilty of such a crime; yesterday’s outcome led several top congressional Democrats to call on Menendez to resign. (From the Left | From the Center | From the Right)

CLICKBAIT

• 🛒 I’ve covered every single Prime Day — here’s the 79 Amazon deals I’d buy with my own money.