Good morning. In this edition:

• 🤔 Why investors are flocking to Kohl’s
• 🇺🇸 American covert op in Greenland?
• 🥤 “The Rizzler” sparks new AriZona drink

…and much more.

Ready, Set, Go: Today’s news should be a ~4.18-minute read (1,106 words).

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In Monday’s Tidbits, we incorrectly stated that a new 65-foot electric “seaglider” can cut trips from Miami → NYC to as little as ~1 hour, instead of trips from Rhode Island → NYC. Thanks to everyone who wrote in to let us know about the error.

“Remember, today is the tomorrow you worried about yesterday.”

–Dale Carnegie (1888-1955)

Apple signed a deal with digital radio platform TuneIn that will make the tech company’s curated radio stations available on a global network of home speakers and connected cars, according to a new Wall Street Journal report.

• Beginning yesterday, TuneIn’s ~75 million monthly active users could start…tuning in to Apple Music’s six radio stations.
• It marks the first time the stations have been available outside of the Apple Music app since being introduced in 2015.

“Friends, Americans, countrymen, lend me your ears”

The move is a push by Apple to extend the reach of its music service, which has fallen behind Spotify in recent years. Per the WSJ:

• Apple’s US market share of digital music subscribers fell from 30% to 25% between 2020 and the end of last year…
• …while Spotify’s share increased from 31% to 37% over the same period.

It could be hard for Apple to reverse-reverse! this slide. Music streaming services often struggle to differentiate themselves when each provides access to roughly the same catalog of music—unlike video streaming platforms, where unique content is the draw.

To this end, Spotify utilizes ad-supported plans and an emphasis on algorithmic music curation to sign up subscribers, while Apple relies on free trials and its radio stations to bait the metaphorical hook.

As Apple’s partnership with TuneIn aims to funnel more users to its music service…Spotify is working hard to keep users locked inside its ecosystem. The Swedish music streaming app this week started to roll out DMs to certain customers in select markets—a move that it hopes will result in more user time spent in-app, so that it can justify higher subscription prices and catch up to its ad sales targets.

Austin Allison sold his first company for $120M. He also served as an exec for Zillow. But both companies reached massive valuations before regular people had the chance to invest. So he built Pacaso differently.

Pacaso has made $110M+ in gross profits to date by disrupting the $1.3T vacation home market. No wonder the same VCs that backed Uber, Venmo, and eBay already invested in Pacaso.

Unlike his previous companies, you can invest in Pacaso as a private company. Over 10,000 everyday investors have already invested. But time’s running out.

Kohl’s is finally handing investors a return that isn’t store credit. The company’s shares rose ~20% yesterday, in reaction to a better-than-expected quarterly earnings report that showed the retailer is trending upwards.

How we got here: The store where clearance racks stretch longer than TSA lines is trying to reverse a yearslong decrease in sales and chart a new course after the May firing of then-CEO Ashley Buchanan—Kohl’s third leader in three years—for funneling business to a romantic partner. The retailer still has yet to name a permanent chief to succeed him.

• Overall, Kohl’s stock is down ~75% compared to recent highs in 2022.
• Shares have risen over 150% since April, however, in large part due to the company becoming the beneficiary of meme-stock attention on social media.

Kohl’s latest earnings added more fuel to the rocket. The company beat analysts’ expectations by a significant margin on earnings, and slightly on revenue. Kohl’s comparable sales fell 4.2% last quarter, better than the 5.1% drop expected by analysts, while the company also raised its lower-end guidance for the year (from a 6% sales drop to 5%).

It wasn’t the only retailer that experienced a surprise stock boost: Shares of American Eagle closed up ~9% yesterday, after the denim-maker announced a limited-edition collaboration with Tru Kolors, a sportswear and lifestyle clothing line created by Travis Kelce Taylor Swift’s fiancé.

BUSINESS & MARKETS

• 🌏 President Trump’s executive order doubling US tariff rate on India to 50% took effect yesterday; the increase is framed as punishment for India buying Russian oil.
• ✈️ The FAA is reportedly facing a significant shortage of air traffic control instructors, as well as a yearslong shortage of controllers.
• 🏛️ Top Pentagon officials are “thinking about” whether the US should take equity stakes in defense contractors like Lockheed Martin, per Commerce Secretary Howard Lutnick.

SPORTS, MEDIA & ENTERTAINMENT

in partnership with Jope

• 📺 Sony Pictures in talks with Netflix for a sequel to animated hit KPop Demon Hunters; the film became Netflix’s most-watched English-language film of all time last week. | Google reaches “short-term extension” with Fox that prevents its channels from going dark on YouTubeTV ahead of the college football season.
• 🏎️ Cadillac announces Valtteri Bottas and Sergio Pérez as drivers for its new Formula 1 team, set to debut in the 2026 season.
• 🩸 All five Twilight movies will return to theaters this October. | 🎬 Venice Film Festival kicks off its 82nd edition, which runs through Sept. 6.

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SCIENCE, SPACE & EMERGING TECH

• 🤖 Parents of teen who took his own life sue OpenAI over allegations that ChatGPT “actively helped” him to do so; it marks the first-known wrongful death case against OpenAI. | OpenAI publishes blog post detailing specific improvements it’s making so that products recognize/respond more appropriately to signs of distress.
• 🦧 Longer thumbs are correlated with bigger brains in primates, per new study; finding suggests humans’ higher intelligence evolved alongside improvements in hand coordination.
• 💉 FDA approves new round of Covid vaccines, but only for patients at higher risk of getting severely sick; it’s unclear whether insurance plans will cover the shots for healthy adults.

US, WORLD & POLITICS

• 🙏 Two children were killed, and 17 other people injured, after a shooter opened fire during Mass at a Catholic school in Minneapolis, Minnesota; the shooter, who was in his “early 20s,” also fatally shot himself; FBI says incident is being investigated as an act of domestic terrorism and a hate crime against Catholics.
• 🏛️ CDC director Susan Monarez has been removed from her post after less than a month on the job, federal officials announce; Monarez was reportedly pushed out after clashing with HHS Secretary RFK Jr. at least four other CDC officials also submitted their resignations, but is so far refusing to leave. | Trump admin to take over management of federally-owned Union Station in Washington, DC, from Amtrak. | Grand jury reportedly declines to indict former DOJ employee accused of throwing a sandwich at a federal agent in Washington, DC.
• 🇬🇱 Denmark’s gov’t summons top US envoy over alleged covert influence campaign in Greenland; effort is reportedly aimed at driving a wedge between Denmark and the autonomous territory, which President Trump has sought to control.

☝️ This Potter wasp isn’t flying to a Quidditch match—though it did catch itself a greenish-golden snitch sandwich. Macro wildlife photographer Bidyut Kalita captured this shot as part of the 2025 Wildlife Photographer of the Year competition. You can see some of the other finalists here; winners will be crowned in mid-October.

🤔 Did you know? Disney’s oldest recurring character isn’t Mickey Mouse, but his nemesis, Pete. The cigar-chomping cat debuted in the 1925 cartoon Alice Solves the Puzzle, three years before Mickey first showed up.

📰 Worth a read: How a 9-year-old TikToker helped turn a joke into AriZona Beverages’ next drink

🖱️ Clickbait: David Geffen left Hollywood a king. Now a messy divorce might ruin everything

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Yesterday, we covered President Trump’s decision to fire Fed governor Lisa Cook on Monday evening over recent allegations of mortgage fraud, as well as Cook’s response saying Trump lacks the authority to fire her and that she’ll continue her job while suing to block the move.

❓ Our question to you: How do you feel about Trump’s move to fire Fed governor Lisa Cook over allegations of mortgage fraud?

• Support: 23%
• Oppose: 66%
• Unsure/other: 11%

Click here to read some of the most thoughtful longform responses.

+Note on sample size: We received 1,193 votes and 131 longform responses.

Majorca and Ibiza are a part of which European archipelago?

♟️ Ten-year-old girls Bodhana Sivanandan of England and Alice Lee of the US just pulled off something that most adults can only dream of: beating chess grandmasters.

The Balearic Islands, an autonomous community of Spain coextensive with the province of the same name

**DISCLAIMER: This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com.