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BUSINESS & ECONOMY

🧑‍💼 Sam Altman-Backed Group Completes Largest US Basic Income Study 

OpenAI completed the largest U.S. basic income study, distributing $1,000 monthly to low-income participants in Illinois and Texas over three years, revealing that recipients allocated more funds to basic needs, maintained workforce participation with slightly reduced hours, and enhanced their financial planning and healthcare. The flexibility of cash allowed participants to address individual needs.

📈 Ether ETFs to Launch Today, Six Months After Bitcoin Fund Debut

Several major fund issuers, including BlackRock, Fidelity, and VanEck, are set to launch exchange-traded funds (ETFs) that hold ether, the world’s second-largest cryptocurrency, on Tuesday. This comes six months after the debut of bitcoin ETFs, which attracted $16 billion in net inflows. Bitwise predicts these new funds will draw $15 billion within 18 months.

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WORLD

🛡️ Taiwan Kicks Off Annual War Games to Simulate Real Combat

Taiwan kicks off the annual Han Kuang war games with anti-landing drills at a strategic river to mimic actual combat. This year's exercises aim to prepare for a potential Chinese attack with unscripted, intensified nighttime maneuvers. Troops practiced laying mines and nets, focusing on slowing enemy advances Military officer Chang Chih-pin stated, "The slower they move, the better for us."

🇨🇳 China Brokers 'Beijing Declaration' for Palestinian Unity

Leaders of Palestinian factions, including Fatah and Hamas, signed the "Beijing declaration" in Beijing, aiming to end divisions and build unity bolstering China's role as a global mediator. However, analysts doubt its effectiveness due to past failures in similar attempts. Chinese Foreign Minister Wang Yi called it a “historic moment for the cause of Palestine’s liberation.” 

SCIENCE & TECH

🍪 Google’s Plan to Remove Third-Party Cookies in Chrome Failing

Google abandons its plan to phase out tracking cookies, citing various challenges and regulatory concerns. Initially proposed in 2020, the phase-out has faced multiple delays. Instead, Google will introduce a new approach focusing on user choice and privacy concluding a five-year period of uncertainty for the digital advertising industry.

🌍 Climate Crisis Extends Daylight Hours

The climate crisis is lengthening each day due to the melting of polar ice, which is reshaping the planet. Human-caused global warming redistributes water towards the equator, slowing Earth's rotation and increasing day length by milliseconds affecting precise timekeeping critical for internet, financial transactions, and GPS. Prof. Benedikt Soja stated, "Our actions fundamentally alter Earth's rotation."

🚀 Elon Musk Unveils the World's Most Powerful AI Cluster

Elon Musk introduces the Memphis Supercluster in Tennessee, described as the world's most powerful AI training cluster. xAI, his company, is utilizing this facility, which features 100,000 liquid-cooled Nvidia H100 GPUs designed for efficient, low-latency data transfer aiming to develop the most advanced AI by December 2024.

SPORTS & ENTERTAINMENT

🕵️‍♂️ Marvel Studios Used Fake Leaks to Hide Deadpool & Wolverine Cameos

Marvel Studios planted fake leaks to protect secret Deadpool and Wolverine cameos in their upcoming film. Executive producer Wendy Jacobson revealed that the studio used deception and misdirection to keep these surprises under wraps. Fans have been misled by some information, ensuring genuine shocks during the movie. Jacobson stated, “There may or may not have been some subterfuge and misdirections...to protect the secrecy.” 

🎤 Chris Brown Faces $50M Lawsuit for Violent Assault After Concert

Chris Brown, his entourage, and Live Nation face a $50 million lawsuit over an alleged assault after a Fort Worth concert. The lawsuit claims Brown and his crew attacked four men, causing severe injuries. The violence included punching, kicking, and stomping, leaving the victims needing medical treatment. The plaintiffs seek compensatory and punitive damages for their suffering. 

OTHER NEWS

🕵️‍♂️ House Committee Grills Secret Service Chief on Trump Assassination Attempt

House Oversight Committee sharply questioned Secret Service Director Kimberly Cheatle for evading key queries on the attempted assassination of Donald Trump. Cheatle acknowledged security lapses but avoided specifics, leading to bipartisan frustration and calls for her resignation or impeachment. Cheatle promised answers within 60 days, stating, “I assure this committee that I will provide answers when we have a full and complete report.”

🚨 Deputy Fatally Shoots Woman Who Called 911 for Help

Illinois Deputy Sean Grayson fatally shot Sonya Massey after calling 911 for help. Bodycam footage shows Massey moving a pot of hot water as Grayson threatened to shoot. Despite her compliance and apology, Grayson fired three shots, one to her head. Ben Crump, representing Massey’s family, stated, “She needed a helping hand. She did not need a bullet to her face.”

🔍 Trump Challenges $454M Fraud Ruling, Calls It Excessive

Former President Donald Trump has appealed a $454 million judgment in a New York civil fraud case, deeming it excessive. The judgment was issued by Justice Arthur F. Engoron, who found Trump manipulated his net worth for better loan terms. Trump’s lawyers argue the judgment is disproportionate and past the statute of limitations. 

💰 Kamala Harris Raises $81M in 24 Hours After Biden Exits

Vice President Kamala Harris' campaign raised an unprecedented $81 million in 24 hours after President Biden withdrew from the 2024 race and endorsed her. Supported by over 888,000 grassroots donors, this historic fundraising shows strong backing for Harris. Campaign spokesperson Kevin Munoz stated, "The historic outpouring of support for Vice President Harris represents exactly the kind of grassroots energy and enthusiasm that wins elections."

THIS DAY THAT YEAR

On July 23rd, 1999, Eileen Marie Collins made history by becoming the first woman to command a Space Shuttle mission. Before this, she had already broken barriers as the first woman to pilot a Space Shuttle during the STS-63 mission in February 1995.

BRAIN TEASER

What is the end of everything?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what Friday’s teaser was:

What can go up a chimney down, but can?t go down a chimney up?

The answer is: An Umbrella

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