• ☝️ Arc’teryx unveiled its new MO/GO exoskeleton-powered pants, which feature a lightweight electric motor at the knee that boosts leg strength; Arc’teryx says the MO/GO pants can make wearers feel up to 30 pounds lighter.

BUSINESS & MARKETS

in partnership with Practice of Life

• 💰 US markets rose across the board (S&P: +1.6%; Dow: +0.2%; Nasdaq: +2.6%). | 🏦 The Federal Reserve opted to hold interest rates steady at a 23-year high, where they’ve been since July 2023; officials indicated the Fed will likely start cutting rates in September.
• ✈️ Boeing hired aerospace veteran Robert “Kelly” Ortberg as its next CEO; the company also reported a net loss of $1.44 billion last quarter. | ✈️ Delta said it took a $500 million hit from last month’s CrowdStrike technology outage; the airline also notified CrowdStrike and Microsoft to prepare for litigation over its losses.
• 💔 Match Group, which owns Tinder, Hinge, OKCupid, and other dating apps, is discontinuing livestream services in its apps, resulting in a 6% cut to its global workforce. | 📅📲 Flo Health, a fertility-focused period-tracking app, raised $200 million at a $1+ billion post-money valuation.

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SPORTS, MEDIA & ENTERTAINMENT

• 🥇 The Olympics: Katie Ledecky claimed her record-tying 12th Olympic medal in women's swimming with a gold in the 1,500m freestyle. | Triathlon athletes swam in the River Seine yesterday, after officials determined the water to be safe. | The US women’s rugby team pulled off a last-second win against Australia to claim their first-ever medal (bronze). | NBCUniversal averaged 34 million prime-time viewers over the first five days, up 79% from Tokyo in 2021; the network also said it generated its highest-ever ad revenue associated with the event, surpassing Tokyo’s $1.25 billion.
• ❓ Colin Jost was tapped to host Pop Culture Jeopardy!, the show’s first spinoff airing exclusively on a streamer (Prime Video). | 🐉 Several scenes from House of the Dragon’s Season 2 finale were leaked on TikTok this week ahead of its Sunday release date, HBO confirmed.
• 🏰 Disneyland workers voted to ratify a new contract that includes wage hikes, avoiding a potential strike. | 🥊 A federal judge rejected a $335 million settlement between the UFC and 1,200+ fighters suing for wage suppression.

SCIENCE, SPACE & EMERGING TECH

in partnership with 120/Life

• 🤖🌮 Taco Bell is rolling out AI ordering in drive-thru lanes at hundreds more US locations by the end of this year.
• 🧠 Nearly a third of US adolescents aged 12-17 received treatment for their mental health last year (32%), per a new federal report. | 🍫 Dozens of dark chocolate products sold at Amazon, GNC, Whole Foods, and other stores are contaminated with two highly toxic metals (lead and cadmium), per a new study.
• 🚗⛓️ California’s DMV is creating blockchain tokens for the state’s 42 million registered vehicles; owners will be able to access title info from Ava Labs’s Avalanche blockchain starting next year.

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MISCELLANEOUS

• 🇺🇸 America is currently unprepared for a potential future war with Russia and/or China, per a new report from a bipartisan congressional commission. | 📱 The FBI said it discovered a social media account it believes is associated with the 20-year-old gunman who tried to assassinate former President Trump; the account features antisemitic and anti-immigration comments between 2019-2020. | 🗳️ VP Kamala Harris said she'll hold the first rally with her 2024 running mate in Philadelphia next Tuesday.
• 💰 Nicolas Puech, the 81-year-old Hermès heir who made headlines last year with a plan to leave his money to his gardener, said he no longer owns any of his $13 billion fortune.
• 📲 Meta is currently running Facebook and Instagram ads that steer users to online marketplaces for illegal drugs, per a new WSJ report; it follows previous reporting in March that found federal authorities were investigating Meta for its role in the illicit sale of drugs.

CLICKBAIT

• 🚘🔌 I’ve Been Driving an EV for a Year. I Have Only One Regret.