• ☝ Tropical Storm Debby is expected to strengthen into a Category 1 hurricane before making landfall early this morning in Florida’s Big Bend region.

BUSINESS & MARKETS

in partnership with Beam

• 💰 US markets fell across the board on Friday (S&P: -1.8%; Dow: -1.5%; Nasdaq: -2.4%); the Nasdaq entered correction territory. | 💸 Berkshire Hathaway sold 390 million of its 790 million Apple shares in Q2; that’s on top of the 115 million Apple shares it sold in Q1; BH now boasts a cash reserve of ~$277 billion.
• 🏡 The average rate on a 30-year fixed mortgage dropped 22 basis points to 6.4% on Friday, per Mortgage News Daily; it marks the lowest rate since April 2023.
• 🛢️ Chevron is relocating its headquarters from California (San Ramon) to Texas (Houston).

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SPORTS, MEDIA & ENTERTAINMENT

• 🥇 The Olympics: Swimming star Katie Ledecky broke the record for most medals (14) and most golds (9) won by an American woman in any sport. | Tom Cruise will reportedly have a starring role – including parachuting and rappelling – in the August 11 closing ceremony. | Novak Djokovic of Serbia defeated Carlos Alcaraz of Spain to win the first Olympic gold medal of his illustrious career. | American Scottie Sheffler shot a course-record-tying 62 in his final round to win gold by a single stroke, becoming the first No. 1-ranked golfer to win the Olympics. | American Noah Lyles beat Jamaica’s Kishane Thompson by 0.005 seconds in the 100m dash to take home the gold, becoming the first American to win the event in 20 years. | See the overall medal count.
• 💔 Rapper Cardi B has filed for divorce from her husband, fellow rapper Offset.
• 🎤 Aerosmith announced it’s done touring after 50 years due to the severity of lead singer Steven Tyler's recent vocal injury. | 🏈 The Pro Football Hall of Fame formally inducted seven new members in a ceremony on Saturday.

SCIENCE, SPACE & EMERGING TECH

in partnership with 120/Life

• 🧬🌕 An international team of scientists have proposed creating a vault on the Moon filled with preserved samples of Earth’s most important and at-risk creatures, which could be used to clone and create new individuals in a worst-case scenario.
• 🦈 An endangered species of shark – called the smooth-hound shark – was found to have reproduced asexually for the first time, per a new study; this ability, called parthenogenesis (“virgin birth”), has been observed in ~1,000 invertebrate species and ~100 vertebrates (including lizards, crocodiles, and birds).
• 🤖 OpenAI has reportedly developed a method to detect when ChatGPT was used to write an essay or research paper with 99.9% certainty, though the company has no plans to release it; the project has been mired in internal debate despite being release-ready for about a year, per the Wall Street Journal.

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MISCELLANEOUS

• 🗳️ VP Kamala Harris has officially secured enough delegate votes to become the Democratic nominee for president in 2024, the DNC announced. | 💰 The Harris campaign said it raised $310 million in July, more than doubling the $139 million reported by former President Trump and his affiliated committees. | 🗣️ Trump said the previously scheduled September 10 presidential debate on ABC News was “terminated” when Biden dropped out of the race; Trump instead proposed a September 4 debate with Harris on Fox News, while Harris’ campaign said she’s committed to the original ABC News timeslot.
• 🏛️📲 The Justice Department sued TikTok over allegations the company violated COPPA, a children’s online privacy law, and broke the terms of a settlement with another government agency.
• 🌳☠️ A wealthy couple became local pariahs after poisoning their neighbor’s trees.

CLICKBAIT

• 🤔🕞 Why do some people always wake up at 3 am or 4 am?