• 👆 Eid al-Fitr, an Islamic holiday marking the breaking of fast at the end of Ramadan, was celebrated across the globe this weekend.

BUSINESS & MARKETS

• 📉 US markets fell last week (S&P: -1.5%; Dow: -1.0%; Nasdaq: -2.6%).
• 🤝 Elon Musk's X was purchased by his AI startup, xAI, for $33 billion in an all-stock deal. | 🏗️ Chinese regulators are probing CK Hutchinson's recent Panama ports sale; the Hong Kong-based company will reportedly not sign off on the deal this week.
• ⚖️ Frank founder Charlie Javice was convicted of defrauding JPMorgan in the college financial aid startup’s $175 million sale to the bank in 2021. | ⚖️ Convicted fraudster Trevor Milton (Nikola) was pardoned by President Trump, who also commuted the sentence of convicted fraudster Carlos Watson (Ozy).

SPORTS, MEDIA & ENTERTAINMENT

in partnership with Live It Up

• 🎟️ A Working Man, starring Jason Statham, topped this weekend’s domestic box office with $15.2 million; Snow White dropped 66% week-over-week to $14.2 million. | 🤖 ChatGPT’s popular Studio Ghibli-style images have sparked copyright concerns and a viral debate on AI ethics.
• 💰 Rapper Sean Kingston and his mother were charged in a $1 million fraud scheme. | 🏟️ Usher kicked off his 10-night residency in London with technical errors and mixed reviews. | 🙏 Richard Chamberlain, a TV star who first rose to prominence in the 1960s, passed away at 90.
• 🏀 The Men’s Final Four is set: All four #1 seeds (Auburn, Duke, Florida, and Houston) made it to the final weekend for the first time since 2008; the Women’s Elite Eight wraps up tonight, with #1-seeds South Carolina and UCLA already in the Final Four. | 👑 The College Basketball Crown, a new 16-team postseason tournament awarding $500,000 in NIL deals to the winner, tips off its inaugural run in Las Vegas.

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SCIENCE, SPACE & EMERGING TECH

• 🚀 The first-ever attempt at launching a rocket into orbit from Europe fell and exploded ~40 seconds after takeoff yesterday; German startup Isar Aerospace had warned its initial test could end prematurely, and said valuable data was gathered.
• 📲 Smartphone ownership was associated with better mental health outcomes among 11-to-13-year-olds compared to kids without phones, per a new study; the research also suggests a link between social media posting and various negative outcomes.
• 💊 Novo Nordisk’s new diabetes pill Rybelsus, the once-daily oral version of Ozempic, lowered the risk of cardiovascular-related death, heart attack, and stroke by 14% compared to a placebo in a new study.

MISCELLANEOUS

in partnership with Asutra

• 🌏 A 7.7-magnitude earthquake in central Myanmar killed at least 1,700 people in the country and at least 18 people in neighboring Thailand; the search for survivors among collapsed buildings continues.
• ⚖️ A New York county clerk refused to file Texas’ $100,000+ fine for a doctor accused of prescribing abortion pills, sparking a dispute likely to reach the Supreme Court.
• 💼 Prominent law firm Skadden, Arps, Slate, Meagher & Flom agreed to provide $100+ million in free legal services to the federal gov’t during the Trump administration; it comes in exchange for avoiding becoming the sixth elite law firm to be targeted by a Trump executive order imposing various punishments. | 🏛️ President Trump ordered a federal review of monuments taken down after George Floyd's murder in 2020, including those of Confederate leaders.

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CLICKBAIT

• 🚫 The Five Things You Shouldn’t Tell ChatGPT