Good morning. In today’s edition:

• ✈️ Boeing is buying a major supplier
• 🇬🇧 UK politicians + gambling
• ⚖️ The Supreme Court weighs in on presidential immunity

… and more.

🚀⏰ Ready, Set, Go: Today’s news should be a ~4.88-minute read (1,299 words).

P.S. Did someone forward you this email? Subscribe here for free.

“If you don’t have time to do it right, when will you have time to do it over?”

–John Wooden (1910-2010)

In a new twist on Biggie’s #4 commandment – never get high on your own supply – Boeing is buying Spirit AeroSystems, a major supplier that helps its planes get high.

In an announcement released yesterday, the two aviation companies revealed deal terms:

• Spirit AeroSystems will receive $4.7 billion in Boeing stock. Boeing will also assume Spirit’s $3.6 billion in debt.
• The transaction was also complicated by the fact that Spirit AeroSystems – which makes the body of the 737 Max and parts of the 767, 777, and 787 for Boeing – also supplies Airbus, Boeing’s major planemaking rival. As part of the deal, Boeing will spin off parts of Spirit and sell it to Airbus.

Big picture: This acquisition marks a strategic shift for Boeing, the world’s biggest commercial plane manufacturer, which started relying more extensively on independent suppliers in the early 2000s to cut costs and raise profits. Spirit was created during that outsourcing drive in 2005, when Boeing sold a division in Wichita, Kansas, and operations in Oklahoma, the NY Times reports.

However, quality issues have plagued Boeing in recent years. Purchasing Spirit AeroSystems, which did work on the Alaska Airlines’ plane whose door panel blew out mid-flight in January, provides the planemaker with more input and control over the production process.

⚖️ In other Boeing news… The US government is set to criminally charge the planemaker with fraud over two fatal 737 MAX crashes, and has reportedly given Boeing until the end of the week to either plead guilty and pay a settlement or face trial.

Beam Dream is a delicious nighttime drink full of ingredients designed to make you fall asleep faster and stay asleep longer. It’s a lofty promise, but they’ve done their research: a clinical study revealed Dream helped 93% of users get a more restful night's sleep and wake up feeling more refreshed.

• 💤 Contains 5 natural sleep-promoting ingredients – CBD, reishi, magnesium, L-theanine, and melatonin.
• 🙌 Alone, these ingredients are effective. Together, they form a groundbreaking blend that supports all stages of sleep with no morning grogginess.
• 🤤 Delicious flavors include Brownie Batter, Cinnamon Cocoa, Vanilla Chai, White Chocolate Peppermint, and more.
• 🥳 Only 15 calories – enjoy a guilt-free dessert before a solid night's rest.

Start looking forward to bedtime with Beam – receive up to 40% off here with code DONUT.

🇬🇧 Nearly two dozen UK officials are under investigation for betting on the election date. Around 15 members of the ruling UK Conservative Party are being probed by gambling regulators for placing small bets on a potential election date days before PM Rishi Sunak announced a surprise general election for July 4. Additionally, PM Sunak’s personal protection officer and seven other Metropolitan Police officers are under investigation for allegedly betting on the date. UK politicians are allowed to bet on politics (and do regularly), as long as they don’t cheat by using insider information.

🇨🇳 China declared all local rare-earth resources property of the state. The new regulation, which takes effect in October, extends Chinese government oversight to the entire production process of rare earth resources, which are critical to manufacturing semiconductors and EVs. China currently accounts for 60% of the world’s rare earth production and 90% of all refining.

🇧🇴 Bolivia’s president is facing accusations that he staged last week’s failed coup attempt against himself. On Wednesday, General Juan José Zúñiga attempted to breach Bolivia’s presidential palace with hundreds of troops, but was eventually stopped and arrested. Zúñiga claims President Luis Arce ordered him to stage a fake coup to boost Arce’s popularity ahead of presidential elections, which Arce denies. Bolivia's former president also accused Arce of staging a self-coup, though there isn't any evidence of such actions.

Hurricane Beryl, which made landfall yesterday on the Caribbean island of Carriacou with wind speeds just shy of a Category 5 storm, is providing evidence to support weather forecasters’ worst-case scenarios for the 2024 hurricane season.

Let’s break it down: Hurricane Beryl has shattered records for rapid intensification and overall strength at this time of year.

• The storm took 42 hours to strengthen from a tropical depression to a major hurricane – a faster pace than all but six storms in Atlantic hurricane history, with those six all coming after September 1.
• Beryl is also the earliest Atlantic hurricane on record to intensify into a Category 4 storm, beating the previous early mark by nine days (based on data that stretches back 174 years).

From prediction to nonfiction

Experts mainly attribute Beryl’s historic strength and rapid intensification to the combination of record-hot Atlantic Ocean temperatures – part of a global spike that has lasted for 14 months – and a developing La Niña climate cooling cycle in the Pacific Ocean.

• These same conditions were used as the main evidence for earlier predictions from numerous private sector and university research groups – as well as the NOAA – indicating an extremely active Atlantic hurricane season through November.

👀 Looking ahead… The NOAA currently predicts between 17-25 named storms will emerge this season, including 8-13 hurricanes and 4-7 major hurricanes. An average season produces 14, 7, and 3, respectively.

“[The president] is entitled, at a minimum, to a presumptive immunity from prosecution for all his official acts.”

• In a 6-3 decision published yesterday, the US Supreme Court ruled that former Presidents have broad immunity for their “official” acts while serving as President, but "no immunity for unofficial acts." In the majority opinion, the Court’s six conservative-leaning Justices said that without such immunity, Presidents might hesitate to take bold action that furthers America’s national interests for fear of future prosecution. In the dissent, the Court’s three liberal-leaning Justices argued the decision violates one of America’s core constitutional and democratic principles that no person is above the law. The Court’s decision narrows the Washington criminal case against former President Trump on charges he plotted to overturn the 2020 presidential election results, and returns the case to the trial court to determine whether Trump’s actions were official (and thus covered by immunity). As a result, Trump’s case is all-but-guaranteed to avoid heading to trial before the November presidential election.

+Editorials: From the Left | From the Right

Three innovations that make NoNetz more comfortable are minimal/flat seams, tagless designs, and no-cling fabrics. This results in expertly crafted women’s swimsuits boasting a luxurious feel you won’t find anywhere else.

• ♻️ Crafted from 100% Sorona yarn made from corn leaves for durability & comfort
• 🐑 Soft and quick-drying material for added comfort and convenience
• 🙌 4-way stretch for a flexible and cozy fit
• 🗽 3D knitted on demand in NYC

Enjoy unmatched comfort – save 15% on NoNetz today with code DONUT15.

• ☝️Nikon revealed some of its best entries so far from the ongoing Comedy Wildlife Awards 2024.

BUSINESS & MARKETS

• 💰 US markets closed up across the board (S&P: +0.3%; Dow: +0.1%; Nasdaq: +0.8%).
• 🐈 Keith Gill, the meme-stock folk hero known as “Roaring Kitty,” unveiled a 6.6% stake in Chewy worth ~$245 million at Friday’s closing price; Chewy’s stock closed down 6.6% yesterday.**
• ☕ Starbucks began implementing its Siren Craft System; it involves a series of changes to how orders are processed to reduce bottlenecks and long wait times.

SPORTS, MEDIA & ENTERTAINMENT

in partnership with Practice of Life

• 🏀 NBA free agency: Paul George signed a four-year contract with the 76ers ($212M); Tyrese Maxey signed a five-year deal with the 76ers ($204M); Klay Thompson is heading to the Mavericks on a three-year deal in a sign-and-trade ($50M). | 💰 The Boston Celtics’ majority owner is putting the team up for sale weeks after its NBA championship; the Celtics also reportedly signed Jayson Tatum to a five-year, $314M extension that’s the largest in NBA history.
• 🎥 Netflix and Amazon accounted for more than half (53%) of the world’s overall streaming commissions during Q1 of this year, with both companies ordering the majority of their titles from outside the US, per a new Ampere Analysis report.
• 🏒 NHL free agency officially kicked off yesterday. | ⚾ Bobby Bonilla Day was yesterday; a good amount of other retired MLB players also received deferred payments.

*From our partners: 🧘‍♀️ Reclaim free time, create healthy boundaries, and do more of what you love… Practice of Life’s science-backed 30-Day Challenge helps you stop endlessly scrolling and have actual fun this summer – IRL. It's more fun with friends! Invite a friend for 50% off with code DONUTBFF.

SCIENCE, SPACE & EMERGING TECH

in partnership with Mira

• 🍇 The meteor that caused the extinction of the dinosaurs ~66 million years ago may have also helped facilitate the spread of grapes around the world, per a new study.
• 🌱🪐 Chinese scientists identified a species of desert moss they say is able to survive in the harsh conditions found on Mars.
• ⚡⚛️ Amazon is reportedly nearing a deal for electricity supplied directly from a nuclear plant operated by Constellation Energy, the largest owner of US nuclear-power plants.

*From our partners: 🙌 Make your fertility plans with confidence… Mira’s at-home fertility kits let you predict & confirm ovulation, chart your 6-day fertile window, and see numeric hormone scores daily. Features lab-grade technology. Save 15% on any kit from Mira with code DONUT15.

MISCELLANEOUS

• 🎓 A federal appeals court allowed a key part of President Biden’s SAVE student loan relief plan to resume as the legal challenges against it unfold.
• ⚖️ The Supreme Court issued two major decisions yesterday outside of presidential immunity; Justices extended the time frame for companies to challenge regulations, and kept on hold efforts by Texas and Florida to limit how social media platforms regulate content.
• 🔄 The Rubik Cube turns 50.

CLICKBAIT

• 🌐💨 How to Make Your Wi-Fi Faster.

**Disclosure: Chewy is a paying sponsor of The DONUT.

💳🏖️ Stat of the Day: A significant portion of Americans are breaking out their credit cards or favorite BNPL services to foot summer travel bills, per a recent Bankrate survey. The company found just over half of US consumers (53%) are planning a summer vacation in 2024 – and among that group, more than a third (36%) say they’re willing to take on debt to fund their travels.

🤔 Did You Know? In the US, 91.6% of car occupants use a seat belt, while the other 8.4% are unrestrained; at the same time, ~50% of all vehicle occupant deaths in America come from people who are unrestrained. The takeaway: wear your seatbelt.

📰 Worth a Read: How a 1904 marathon became one of the weirdest-ever Olympic events → (Smithsonian Magazine)

Here are five stats from this past week that made our team go “whoa.” Hopefully you will, too.

• 🤸 Simone Biles, 27, will be the oldest female American gymnast to compete at the Olympic Games since 1952. (Read more)
• 💰 One-third of millennial Americans and 60+% of Gen Z say they rely on their parents for at least some financial support. (Read more)
• 🎮 Steam users have spent a combined $19 billion on video games they’ve never played once. (Read more)
• 🏘️ Home prices are now 47% higher than they were in early 2020; the median home sale price is 5x the median US household income. (Read more)
• 🍗🍔 Fried chicken sandwiches currently appear on 47% of all US restaurant menus, while burgers are on 41% – but customers order burgers twice as often as chicken sandwiches. (Read more)

Yesterday, we covered the Supreme Court’s 6-3 ruling to overturn a 40-year legal precedent known as the Chevron doctrine, in a decision that expands the power of federal judges to overturn regulations from the executive branch.

❓ Our question to you: Do you agree with the Supreme Court’s decision to overturn the Chevron doctrine?

• 👍 Yes: 32%
• 👎 No: 53%
• 🤷 Unsure/other: 15%

Click here to read the most thoughtful longform responses.

+Note on sample size: We received 3,627 votes and 350 longform responses.

David Rush and Seth Lemmons are no strangers to world records. In 2021, the pair broke the record for most passes of a giant beach ball, with 4,169 passes. 

But they were determined to one-up this feat. 

• Recently, the pair passed the ball 7,827 times over the course of 1 hour, 8 minutes and 52 seconds to break their own record. 

🏆 Zoom out: David is currently on a mission to hold the most world records concurrently. The beach ball win brings him to 179; he needs to hold 181 titles concurrently to take the top spot in the world.

🕸️ Trivia: Which city does Spider-Man live in and protect?

🥜 True or False?... Almonds are not nuts.

🤔 Riddle Me This: What gets bigger the more you take away?

👆 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 who you think would like the DONUT. Once you hit each milestone, you'll get an email with a link to claim your prize.

Start referring.👇

🕸️ Trivia: New York City

🥜 T/F: True, botanically speaking

🤔 Riddle: A hole