BUSINESS & MARKETS
in partnership with The Motley Fool
- 💰 US markets rose across the board (S&P: +1.0%; Dow: +0.6%; Nasdaq: +1.4%). | 🤖 Chipmaker AMD is acquiring ZT Systems, an AI hardware company, for $5 billion. | 🏦🤝 Regional bank M&A is on the rise. | 🏪 Seven & i Holdings, a Japanese company that operates 85,000 7-Eleven stores, received a buyout offer from the Canadian owner of Circle K.
- 🚗 GM is laying off more than 1,000 employees in its software and services division.
- 🚢 UK tech entrepreneur Mike Lynch (of Autonomy fame) is one of six people missing after a yacht sank off the Italian coast.
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SPORTS, MEDIA & ENTERTAINMENT
- 🙏 Phil Donahue, whose influential TV talk show aired for nearly 30 years, passed away at the age of 88. | 🧅 The Onion has resumed distribution of print editions for the first time in over a decade.
- 🎶 Chappell Roan reached a new high of No. 2 on the Billboard 200 Chart with her debut studio album, The Rise and Fall of a Midwest Princess; Taylor Swift’s The Tortured Poets Department led the list for a 15th non-consecutive week.
- ⚖️ Actress Julia Ormond can proceed with her lawsuit accusing Disney and talent agency CAA of enabling Harvey Weinstein’s predatory behavior in the mid-’90s, a New York judge ruled yesterday. | 🌌 The Acolyte, a Disney+ Star Wars offshoot series, has been canceled after one season.
SCIENCE, SPACE & EMERGING TECH
in partnership with Commons
- 🚀 The European Space Agency's JUICE mission is preparing to execute the first-ever double gravity boost – using both Earth and Venus' gravity to slingshot the craft – en route to study Jupiter's icy moons.
- 🐦 The dodo, a bird species hunted to extinction by humans in the 1600s, was actually powerful and speedy – not slow and inept as they’ve been depicted in pop culture, according to a new study.
- 🕷️ A species of orb-weaver spider can hijack the flashing light of a caught male firefly and manipulate it to resemble a female firefly’s ‘come-hither’ signal, thereby attracting more male insects to its web, per a new peer-reviewed study.
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MISCELLANEOUS
- ✍️🏪 California enacted 10 new bills aimed at cracking down on retail theft across the state.
- 🔵 The Democratic National Convention kicked off yesterday; see updates from the first day. | 🇮🇷🗳️ Iran was behind the recent hack of former President Trump’s 2024 campaign, the FBI and other US intelligence agencies confirmed yesterday.
- ⚖️ Former Rep. George Santos pleaded guilty yesterday to wire fraud and aggravated identity theft charges; Santos, who faces 2-22 years in prison, waived his right to appeal any sentence less than 95 months. | 🏛️ Illinois’ state comptroller froze some payments to the town of Dolton, where embattled Mayor Tiffany Henyard is accused of misusing millions of dollars of taxpayer money; Henyard was recently seen at a village meeting after her apparent disappearance last week.
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