July 16, 2024 View Online | Sign Up | Shop

PRESENTED BY

Good morning. Exotic new Airbnb opportunity just dropped: For the first time ever,
scientists discovered a cave on the moon, which they say could serve as an ideal
base for future space explorers.

Amenities include:

Protection from cosmic rays, extreme temperatures, and solar radiation

Quiet street (it’s located in the Sea of Tranquility)

Few tourists, even less gravity

On-site waxing services

Everything you need within rover distance

Free parking, self check-in

Jump on this opportunity before it wanes!

—Sam Klebanov, Molly Liebergall, Cassandra Cassidy, Abby Rubenstein, Neal

Freyman

MARKETS
 Nasdaq 18,472.57 +0.40%

S&P 5,631.22 +0.28%

Dow 40,211.72 +0.53%

10-Year 4.229% +4.0 bps

Bitcoin $64,725.23 +5.65%

Trump Media $40.58 +31.37%

Data is provided by
*Stock data as of market close, cryptocurrency data as of 9:00pm ET. Here's what these numbers
mean.

Markets: Stocks got a Trump bump yesterday as investors grappled with the
potential economic implications of the failed assassination attempt against the
former president. Globally, investors bet that it put Donald Trump closer to
winning, which could herald looser business regulations and tax cuts. And the
stock with the biggest Trump tie, Trump Media & Technology Group, soared.

POLITICS

Trump–Vance is officially the Republican ticket

Kevin Dietsch/Getty Images

Donald Trump chose Sen. JD Vance as his running mate, revealing the 39-year-old
from Ohio as his VP pick as the Republican National Convention kicked off in
Milwaukee yesterday.

The announcement came two days after Trump survived an assassination attempt
that drew condemnation from both sides of the political aisle and prompted
President Biden to pause his reelection campaigning. In the aftermath, Vance
blamed the Biden campaign for the incident, claiming its vilification of Trump was a
direct cause. Biden repeatedly condemned the shooting and ordered an
independent review of security measures at the rally where it took place.

From critic to MAGA companion

Vance gained a national profile by chronicling his troubled upbringing in a low-
income Ohio family in his best-selling memoir, Hillbilly Elegy. The book claimed the
socioeconomic struggles of the community he grew up in stemmed largely from
Appalachian culture, which he said made people defeatist and over-reliant on
welfare. Published in 2016, the book was widely viewed as a primer for outsiders on
why Trump appealed to Rust Belt voters.

At the time of publication, Vance wasn’t on the MAGA train:

He publicly compared Trump to cultural heroin and privately likened him to

Hitler.
But Vance later embraced the former president, becoming one of his staunchest
supporters and earning his endorsement when he successfully ran for Senate in
2022.

The two have since been in sync on most issues, including promoting trade
restrictions, allowing states to restrict abortion, and opposing the most recent
Ukraine aid bill.

VC Vance
In addition to his career as an author and politician, Vance founded the venture
capital firm Narya Capital, which backed the farmland investment app Acretrader.

While Vance touted the job creation fueled by Narya’s investments, some of its
portfolio companies have faced controversy. Indoor farm company AppHarvest
recently agreed to settle for $4.85 million with investors who accused it of
misleading them.

Looking ahead: Vance’s VC background could help the Trump ticket extend
support among tech moguls. Last month, Vance helped organize a Silicon Valley
fundraiser at the home of billionaire entrepreneur and MAGA supporter David
Sacks, which raised $12 million for Trump’s campaign.—SK
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WORLD

Tour de headlines
US Department of Justice via Getty Images

The classified documents case against Trump was dismissed. Judge Aileen
Cannon tossed the criminal case accusing Donald Trump of keeping classified
documents after leaving office, handing Trump a big win before the Republican
National Convention began yesterday. Judge Cannon ruled that the case could not
proceed because the prosecutor, Special Counsel Jack Smith, was unlawfully
appointed. Smith plans to appeal the decision, which embraces a legal theory
rejected by judges in past cases. Some legal experts say that appeal could include
asking the court to remove Judge Cannon, a Trump appointee whose rulings in
favor of the ex-president led some critics to claim bias, from the case.

Jerome Powell said the Fed won’t wait for 2% inflation to cut rates. The
central bank won’t wait to hit its inflation target before bringing interest rates down
but wants to have “greater confidence” that inflation will get there in order to make
cuts, Powell said at the Economic Club of Washington, DC, in his first public event
since June’s cooling inflation numbers came out. But don’t get too excited: The Fed
chair wasn’t willing to get into specifics about when rate cuts might be coming.

Hackers make Disney’s internal Slack convos public. A purported hacker

group called NullBulge published 1.1 terabytes of data it claimed to have stolen from
Disney’s internal Slack channels (no word on how many of these conversations
began with an ominous “hi” with no additional info). The leaked communications
include information about unreleased projects, and the group told the Wall Street
Journal it targeted the company because of how it draws up artist contracts, its
stance on AI, and its “pretty blatant disregard for the consumer.” Disney said it was
investigating the matter.

BIG TECH

Alphabet is planning its largest acquisition ever

Anadolu/Getty Images

Two words that sound like dog behavior together represent a potential $23 billion
deal: Google and Wiz. The search giant’s parent company, Alphabet, is in talks to
acquire the cloud cybersecurity firm Wiz, an Andreessen Horowitz-backed startup
that contracts with many of the world’s largest companies, the Wall Street Journal
reported on Sunday.

If Google and Wiz reach an agreement, which the New York Times reported
appears likely, the deal would represent:

Google’s most expensive acquisition ever, with a price nearly twice the $12.5
billion it paid for Motorola in 2012, its biggest deal before this (YouTube only
cost $1.65 billion in 2006).
The biggest exit opportunity for any tech startup since Rivian IPO’d in
 November 2021. The reported offer price is about double Wiz’s valuation and
would net the startup’s four founders, who previously worked in Microsoft’s
Azure cloud division, ~$2 billion each.

Google is beefing up its cloud biz. In its bid to compete with cloud leaders
Amazon and Microsoft, owning Wiz—which has worked with 40% of the Fortune
500, including Amazon and Microsoft—would boost Alphabet’s cloud security
features and selling points.

But…only if the deal survives a strict antitrust landscape that sank Adobe’s
attempted acquisition of Figma last year. Scrutiny is expected, since regulators
already have their eye on Google. The company is currently facing two DOJ
lawsuits.—ML

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SPORTS

Will the US be ready to host the World Cup?

Maddie Meyer/Getty Images

Until Sunday night, vents hadn’t gotten so much screen time since The Suite Life of
Zack & Cody. Now, viral videos of fans entering Miami’s Hard Rock Stadium through
air vents to watch the Copa América final are a symbol of the chaos that mired the
soccer tournament, prompting concerns that the US is not ready to host the 2026
World Cup.

If you missed it: As Argentina and Colombia prepared to face off in the final match,
mayhem descended on the stadium, delaying the start by 82 minutes.

Hordes of fans pushed to the entrances, forcing the stadium to temporarily shut
its gates.

Security then gave up on checking tickets and allowed everyone to enter to

avoid a stampede.
After last week’s semifinal in Charlotte, NC, Uruguay players jumped into the stands
and brawled with Colombian fans while security struggled to control the situation.

What it means: For those who considered Copa a dress rehearsal for the World
Cup, the snafu was an indictment of the US’ ability to safely host a large-scale
soccer tournament, even though local authorities put the blame on CONMEBOL, the
organizing entity for Copa América, for cutting corners. Ramón Jesurún, one of the
vice presidents of CONMEBOL and the president Colombia’s soccer federation, was
arrested after Sunday’s game for allegedly attacking security guards at the stadium.

The US still has a lot to figure out. While Sunday’s melee dominated social
media, the other Big Problem is the quality of stadium fields.—CC

STAT

Prime number
Mailee Osten-Tan/Stringer/Getty Images

Living in Thailand seems pretty sweet: You’ve got pristine beaches, lots of delicious
noodle options—and soon, the opportunity to get a cash handout from the
government. Starting next month, eligible individuals can register to get a piece of
the $14 billion the government plans to dole out as digital cash to spur economic
growth. About 50 million citizens will be able to get 10,000 baht ($275) each under
the Digital Wallet program. The program fulfills a central campaign promise of Prime
Minister Srettha Thavisin, who believes the cash infusion will help inspire spending
and push economic growth beyond the sub-2% rate it’s been at for a decade. But
the plan is controversial, and critics say it’s not the best way to create sustainable
economic development.
NEWS

What else is brewing

Robert F. Kennedy Jr., who’s running for president as an independent
candidate, will get Secret Service protection because of the attempted
assassination of Donald Trump.

In more election news: BlackRock pulled a 2022 ad filmed in a Pennsylvania

classroom that featured Thomas Crooks, who allegedly shot at Donald Trump
this weekend, as a student in the background. And Elon Musk will reportedly
donate $45 million a month to a pro-Trump group.

Apple released public beta versions of the newest software for iPhone, Mac,
iPad, and Apple Watch.

Macy’s ended talks of a buyout with investment firms Arkhouse Management

and Brigade Capital Management after months of wrangling.
Burberry is replacing its CEO and suspending its dividend as the British luxury
brand known for its signature plaid warned that it’s expecting an operating loss
for the first half of the year.

Goldman Sachs was the latest big bank to benefit from rebounding investment
banking fees as deals start making a comeback.
Wiz Khalifa was arrested in Romania after smoking marijuana on stage.

RECS
 Make connections: The professor who wrote the best-selling Bowling Alone
talks about how to beat loneliness.

Nerd out: How computers changed poker.

Get ready to argue: ESPN has started naming its top 100 athletes of the
century.

The party’s over: The lavish wedding of the son of Asia’s richest person has
finally wrapped up after months of celebrations. Here’s what everyone (Kardashians
included) wore.

Back in stock: Our best-selling Excel Deskpad is back. Once you have these
Excel hacks right below your screen, you’ll never go back.

Stay cool + caffeinated: With this heat, cold coffee is a must. Get an
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GAMES

The puzzle section

Brew Mini: “Seltzer brand with a white bear logo” (five letters) is your sample clue
of the day. If you know it, head here to complete the rest of the puzzle.

Prime Day Price Is Right

Prime Day is here, and we scoured all the early-bird deals…for today’s trivia
category.

This will work like The Price Is Right: We’ll give you a product that had an early
Prime Day deal yesterday, and you have to guess the price (after the discount)
without going over.

1. HP DeskJet 2855e all-in-one printer, scanner, and copier

2. Stanley Quencher 30-ounce travel tumbler

3. Kitchen Aid Series 5 stand mixer

4. Cozy Earth waffle bath sheets (note: these are fancy)

5. Apple AirPods Max

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ANSWER

1. $49.99
2. $35
 3. $349.95

4. $112

5. $429.95

Word of the Day

Today’s Word of the Day is: pristine, meaning “unspoiled.” Thanks to Lucy from San
Diego, CA, for the fresh suggestion. Submit another Word of the Day here.

✳ A Note From Miso Robotics

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Written by Neal Freyman, Abigail Rubenstein, Sam Klebanov, Molly Liebergall, and
Cassandra Cassidy

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