Image: Liu Guanguan/China News Service | Camille Cohen/The Standard

BUSINESS & MARKETS

in partnership with Asutra

  • 💰 US markets closed down across the board (S&P: -3.0%; Dow: -2.6%; Nasdaq: -3.4%); the Dow and S&P registered their biggest daily losses since September 2022. | 📉 The Nikkei, Japan’s stock market, turned in its biggest single-day loss since 1987 on Monday (-12.4%); the index regained some of its losses in early trading on Tuesday.
  • 🍫 Food giant Mars, which owns brands like M&M's and Snickers, is reportedly exploring an acquisition of Kellanova, maker of snacks like Cheez-Its and Pringles; Kellanova’s market value including debt is ~ $27 billion.
  • 📝 Restaurant chain Buca Di Beppo filed for bankruptcy.

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SPORTS, MEDIA & ENTERTAINMENT

  • 🥇 The Olympics: Armand Duplantis of Sweden broke his own pole vault world record en route to a gold medal. | Simone Biles finished her Paris run with a silver medal in the floor routine. | China and the US are neck-and-neck in the gold medal race, while America comfortably leads in total medals; see the overall medal count.
  • 🐉 HBO’s House of the Dragon will end with Season 4, the showrunner confirmed yesterday; HOTD’s Season 2 finale, released Sunday, is currently rated 6.6/10 on IMDb – far below the series average of 8.4. | 🇺🇸🏆 Alma Cooper, a US Army officer from Michigan, was named Miss USA 2024 on Sunday; her victory comes months after the resignation of 2023’s winner led to shakeups at the Miss USA organization.
  • 🏈 College football is (almost) back: The preseason Coaches Poll top 25 rankings were unveiled yesterday; Georgia ranks No. 1 for the second straight year, with 8 of the top 9 teams from the SEC or Big Ten.

SCIENCE, SPACE & EMERGING TECH

in partnership with Surshark VPN

  • 🤖⚖️ Elon Musk revived his lawsuit against OpenAI; the case centers around allegations that CEO Sam Altman manipulated Musk into believing OpenAI – which Musk helped launch – would be nonprofit.
  • 🌱 Scientists discovered plant and insect remains under a two-mile-deep ice core extracted from Greenland, providing the first direct evidence that nearly all of Greenland was home to a green, tundra landscape within the past million years.
  • 💊 Studies being used to determine whether the US should authorize an ecstasy-based drug for PTSD patients failed to account for serious side effects like suicidal thoughts, and were also marked by bias, per a new Wall Street Journal report.

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MISCELLANEOUS

  • 🌀 Hurricane Debby made landfall on Florida’s Gulf Coast as a Category 1 storm early yesterday, before weakening to a tropical storm by the afternoon; at least four deaths were attributed to the storm; some areas of Georgia and the Carolinas are projected to see up to 30 inches of rain from Debby in the coming days.
  • 🌿 Ohio residents can legally purchase recreational marijuana starting today.
  • 🇮🇷🇮🇱 US Secretary of State Antony Blinken on Sunday reportedly warned his counterparts from G7 countries that Iran and Hezbollah could launch a planned retaliatory attack against Israel within 24-48 hours.

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