Good morning. Dealing with a case of Tuesdays? Fortunately we have a newsletter that’ll inject a pep right into your step, called Positive DONUT.

Each week, our resident good news guru, Kailyn Toussaint, scours the globe to find the world’s most humorous, awe-inspiring, and uplifting stories, packaging them into an enjoyable three-minute read. Also included: an extra sprinkle of everything needed to turn a frown upside down.

The very next edition hits inboxes around lunchtime today. Say goodbye to news anxiety, and subscribe here for free.

In today’s edition of this newsletter:

• 🚨 Trump’s Mar-a-Lago resort and home was raided by the FBI
• 🤔 What’s driving the gender pay gap?
• 🐒 How prehistoric monkeys migrated from Africa to South America

… and more.

🚀⏰ Ready, Set, Go: Today’s news takes 3.98 minutes to read.

“It is not fair to ask of others what you are not willing to do yourself.”

–Eleanor Roosevelt (1884-1962)

In yesterday's Dose of Discussion covering the Inflation Reduction Act, we incorrectly referred to it once as the “Inflation Rescue Act.”🤦‍♀️ 

Apologies for any confusion.

The gender wage gap between male and female college graduates appears soon after joining the workforce, according to a new WSJ analysis of federal tax records for 2015 and 2016 grads.

🔢🚨 *WARNING*: Incoming data dump…. The analysis drew information from 1.7 million graduates, covering 11,300 undergrad and grad programs at roughly 2,000 universities.

Three years after graduation, median pay for male grads exceeded that of women – who graduated from the same program at the same school during the same year – in nearly 75% of cases. And we’re not exactly talking about a couple of pennies here or there: in almost half of the programs, men earned at least 10% more than women after three years.

• At Georgetown, men receiving undergrad accounting degrees earned a median $155,000 three years after graduation, a 55% premium over female classmates.
• Men with University of Michigan law degrees earned a median $165,000 three years after graduation, compared with $120,000 for women.
• Men graduating with a dental degree from the University of Texas Health Science Center at San Antonio earned a median $140,000 three years out, compared with $103,000 for women.

🤔 What’s driving the gap?… The data speaks for itself – the interpretation, not so much (lies, damned lies, and statistics, amirite?). Per the WSJ, economists who have long studied this issue cite the “motherhood penalty,” the perception that mothers are less committed to their work, as a main reason why women are less likely to be hired, promoted, or given a raise.

Others argue part of the pay gap can be explained by women historically pursuing degrees and careers in lower-paying fields – or simply working less hours – something the federal data didn’t account for.

• Multiple studies have also shown men tend to negotiate salaries more aggressively than women.

+Dive deeper: You can look up the gender pay gap for your school/program here.

Watch your backs, Spotify and Apple Music, because you’re next on the hitlist. ByteDance, TikTok’s parent company, has filed trademark applications in nearly a dozen countries in recent weeks, including the US and UK, for a potential music streaming service called “TikTok Music.”

🎶📱 A deeper dive… TikTok, which originally started as Music.ly, is already a hub for discovering and rediscovering music. 67% of users say that they’re more likely to seek out a song they heard on the app on a music streaming platform, plus both Spotify and Apple Music’s top curated playlists currently feature dozens of songs that first went viral on the video-based social app.

For those without TikTok, the current behavior of a user looks something like this: opens app → dating advice *scroll* storytime *sips tea, scrolls* musician playing a song in their room *likes video* → then opens Spotify or Apple Music to save the song to a playlist. Providing an in-house streaming solution would allow TikTok to capitalize upon the traffic, and the sweet, sweet revenue that could go with it.

• The global music streaming market is projected to reach $30+ billion this year, growing to $44 billion by 2027.

🧠 In the know: ByteDance already operates a music streaming service in India, Brazil, and Indonesia, called Resso. All of the app’s US filings include similar descriptions of TikTok Music’s functionality, like providing the ability to listen to music and podcasts, create playlists, comment on songs, and sing karaoke.

Now… how soon until Facebook follows suit?🤔

Your Lyft ride could be getting another passenger soon, whether you decide to carpool or not. According to a blog post published Monday, the ridesharing company has created a business unit called Lyft Media that’ll be introducing in-car tablets allowing riders to track their routes, tip and rate drivers, control the music – and, of course, view ads.

🚗📺 More deets… Lyft has been testing the service in Los Angeles in recent months, and expects to offer it across 25% of all rides in LA, Chicago, San Francisco, and D.C. by the end of this year.

Beyond the in-car tablets, the company also plans to offer location- and time-targeted digital ads on top of cars, as well as on digital display panels at bike-share stations in large cities like NYC and San Francisco.

• A portion of the overall ad revenue tied to cars will go to its drivers, but the company declined to reveal how much.

📸 Zoom out: Lyft’s new media venture comes three years after Uber first started selling ads through its Eats app, and later began offering ads within its primary ride-hailing app and ​​atop drivers’ cars. Mark Grether, general manager of Uber advertising, said earlier this year that the company’s ad business could reach $1 billion in revenue by 2024.

🏫 Fun’s over, off they go, and good riddance!🥳

But meanwhile, it’s crunch time for parents, which means time to get shopping.🏃‍♀️💨

If you want to support women entrepreneurs while you scramble for September, check out the Back To School Collection from The WMarketplace.

• Get fashionable, sustainable clothing for girls and boys from Mightly and Fashion Is Art
• Fidget toys and reusable sandwich bags from CVA Products
• Scented hand sanitizer from De Soap Boutique
• Or a new laptop bag/backpack from Pretty Pokets

🙆‍♀️ By women, for women… All products and services listed on The WMarketplace are women-owned, and every dollar spent on the platform supports them.🙌

• There’s no minimum order amount, no membership fees, and shipping is included in every price. (We’re looking at you, Prime…👀)

Get ready for back to school at The WMarketplace!

The Tesla Model Y is on pace to become the world’s best-selling vehicle by revenue this year, and the best-selling vehicle by total volume next year, CEO Elon Musk revealed at the company’s annual shareholder meeting last week.

📈 More deets… The Toyota Corolla is currently the best-selling vehicle in the world, with 1,150,000 in sales last year. In comparison, Tesla ​​sold 936,222 vehicles across all four models (S, 3, X, and Y) in 2021, and is on track to sell more than 1.3 million EVs this year – though it doesn’t provide data on individual models.

• By the end of 2022, the automaker is expected to have the capacity to produce over 1 million Model Y’s annually (MSRP: $65,990).

🚗⚡️ The big picture: If the time of the EV isn’t already here, the data indicates it’s surely coming. More than 5% of all new car sales nationwide were EVs over the first six months of this year, putting America past the tipping point for mass adoption, according to a recent Bloomberg analysis. Assuming the US follows the trend of other countries that have embraced EVs, a quarter of all new cars will be fully electric by 2025. 

And on top of that, the recently passed Inflation Reduction Act contains a provision allowing automakers to offer unlimited $7,500 income tax credits to consumers who purchase an EV, though this only applies to cars priced > $55,000.

💬 Quoted… “Raided, and occupied by a large group of FBI agents.”

Former President Donald Trump’s Mar-a-Lago resort and home in Palm Beach, FL, was searched by the FBI last night; the agents were reportedly executing a search warrant for material Trump allegedly brought with him when he left the White House, per multiple sources.

• According to reports, National Archives and Records Administration officials notified Congress in February that they'd retrieved 15 boxes of documents from Trump's Florida residence, among which were some classified materials, and believed there to possibly be more materials remaining at the location.

Further details are still emerging as of this morning, we'll have more for you tomorrow.

+Dive deeper: From the Left | From the Center | From the Right

⚾📝 Stat of the Day: The MLB has now gone 10 years without a perfect game, its longest drought in more than four decades.

🤯 Did You Know?... 30 million years ago, prehistoric monkeys migrated from Africa to South America by traversing the Atlantic Ocean on natural rafts of vegetation and Earth, per a 2020 study based on fossil records published in the peer-reviewed journal Science.

📖 Worth a Read: The people making millions off Listerine royalties → (The Hustle)

📊 Poll results: Yesterday, we asked whether y’all supported the Senate-passed budget reconciliation bill dubbed the “Inflation Reduction Act.”

• 43% of y’all said yes, 39% said no, and 18% were unsure or had a more nuanced opinion.

See the full 360° view here.

• ☝️ Humans drank ~47 billion gallons of beer in 2020; the above graphic shows a breakdown of that consumption by country.

BUSINESS & MARKETS

• 🏦📉 Japan-based SoftBank lost $23.4 billion in the three months ending on June 30, its biggest-ever quarterly loss.
• 🤝 Pfizer agreed to pay $5.4 billion to acquire Global Blood Therapeutics, a company focused on treatments for sickle-cell disease.
• 🪙 Tornado Cash, a crypto mixing service, was added to the federal government’s list of sanctioned internet services for its role in global money laundering; it's been used to launder $7+ billion in three years, including more than $455 million by the North Korean hacking group, Lazarus; there are currently $482 million in crypto assets sitting in Tornado Cash pools, but any American who tries to access the funds will violate federal law.

SPORTS, MEDIA & ENTERTAINMENT

• 🎤 Australian singer/actress Olivia Newton-John, best known for her pop music career, starring role in Grease, and work as an advocate for women with breast cancer, died yesterday at 73.
• 💰 Axios agreed to sell to local news conglomerate Cox Enterprises for $525 million.
• 🏌️ The PGA Tour asked a federal judge to deny a temporary restraining order to three of its suspended members who left for rival LIV Golf and are seeking to participate in the Tour’s FedEx Cup playoffs. (Background)

SCIENCE, SPACE & EMERGING TECH

• 🌸 The EU proposed reclassifying lavender oil as a hazardous substance after new studies show it may alter hormone levels and increase cancer risk.
• 🦠 A team of Swiss and UK researchers created a first-of-its-kind map of the network of connections comprising the human immune system, which could offer new pathways to treatments for disease.
• 🐴🦷 A horse tooth from the 16th century recently discovered in Haiti lends credence to the age-old folk story that wild Chincoteague ponies on Assateague Island descended from Spanish horses that survived a shipwreck ​​off the coast of Virginia.

EVERYTHING ELSE

• 🇺🇦 The Pentagon announced another $1 billion aid package for Ukraine, bringing the total amount of US security aid to Ukraine to $9+ billion since Russia’s invasion.
• ⚖️ The father and son convicted of murdering Ahmaud Arbery each received a second life prison sentence yesterday for committing federal hate crimes; a third man who filmed the incident was sentenced to 35 years in prison.
• ✈️ Keep everything safe when you travel with The ULTI travel bag from CONMIGO. A slide-out cushion also protects electronics, and intuitive pocket design and contrasted interior help you stay organized. Shipping is 100% free, and a lifetime warranty comes with every purchase! Visit CONMIGO.*

*Sponsored post

When you think of New York City, you may think of bustling streets, lots of noise, and a concrete jungle. 

Someone's first thought of the city would rarely be a horse farm – but for people at GallopNYC, it's just that.

• The non-profit provides horseback lessons to veterans and people with disabilities, using equine therapy to heal people both physically and mentally. 

🐎 Giddy-up, New York... James Wilson, executive director at GallopNY, knows that horses have the potential to change people's lives. He's seen people, time-and-time-again, transform as they get into the saddle. 

• "Almost every year we have a rider who is classified as nonverbal, who says their first word," he shared. "It's incredible when this happens... And very often their first word is trot on. Because a trot is a little bit faster and they're like, 'Let's go, I want to trot.'"

❓ Trivia: Which Asian country was formerly known as Siam?

🐶 True or False?... A town in Minnesota once had a dog as its mayor.

🤔 Riddle Me This: Which rock group has four members who can't sing or play instruments?

(keep scrolling for the answers)

👆 Check out the referral prizes you can get just for introducing people you know to little old us. 

What to do: Copy your unique link below, then send it to anyone you think would like the DONUT.

❓ Trivia: Thailand

🐶 T/F: True. Duke, a Great Pyrenees, served four terms as honorary mayor of a small rural town called Cormorant

🤔 Riddle: Mt. Rushmore