Deal Deadline Threatens Economy

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BUSINESS & ECONOMY

⚠️ US economy faces double hit if two major deals aren't struck by Sept 30

The US economy could face major disruption on September 30 if two key negotiations aren't resolved. A government shutdown looms if Congress fails to pass a stopgap bill, and East and Gulf Coast ports may shut down without a new contract for dockworkers. Senate Minority Leader Mitch McConnell added, "The fallout of a shutdown would be bad for both parties, but Republicans may bear the brunt of the blame." 

📈 Wall Street Hits Record Highs as Dow Jumps 500 in Global Rate-Cut Rally

Wall Street hit record highs Thursday as global markets rallied following the Federal Reserve’s rate cut. The Dow surged 522 points (1.3%), the S&P 500 climbed 1.7%, and the Nasdaq jumped 2.5%. Global markets in Europe and Asia followed suit, and tech stocks like Nvidia soared. Jonathan Krinsky, Chief Market Technician at BTIG, stated, “I did not anticipate such a big jump.” 

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WORLD

💥 North Korea Claims Test of New Missile with 'Super-Large' Warhead

North Korean leader Kim Jong Un supervised the test of Hwasongpho-11-Da-4.5 ballistic missiles equipped with a 4.5-tonne warhead, alongside an enhanced cruise missile. KCNA described the tests as a response to external security threats. South Korea confirmed the missiles landed in the northeastern region while Kim emphasized the need to "strengthen nuclear forces and enhance conventional military capabilities."

📵 Lebanon bans pagers, walkie-talkies on flights after blasts 

Lebanon's General Directorate of Civil Aviation has imposed a ban on pagers and walkie-talkies on all flights. The decision follows two explosions across the country on Tuesday and Wednesday, which left 32 dead and 3,250 injured. The ban applies to both checked and carry-on luggage at Beirut’s Rafic Hariri International Airport. The directorate stated, "Passengers will be informed immediately."

💥 Israel strikes 100 Hezbollah rocket launchers in Lebanon

Israel conducted airstrikes on southern Lebanon, hitting over 100 Hezbollah rocket launchers and other "terrorist sites," including a weapons storage facility. The strikes were in response to Hezbollah’s attacks on northern Israel. The Israeli Defense Forces said the launchers were ready for use against Israel. Defense Minister Yoav Gallant declared, “This is a new phase of the war.” 

SCIENCE & TECH

🚚 Amazon Boosts Same-Day Shipping with AI-Powered Robots and Smarter Routes

Amazon is utilizing generative AI to improve same-day shipping by deploying advanced warehouse robots, refining delivery routes, and optimizing inventory placement. These autonomous robots enhance operational efficiency, while AI-driven solutions reduce physical strain on workers. By forecasting demand, Amazon strategically positions items closer to customers, further speeding up deliveries. 

🤖 Meta Urges EU to Ease AI Regulations

Meta, alongside 48 other AI-focused organizations, has signed an open letter urging the EU to ease AI regulations to prevent Europe from lagging behind in the global AI race. The letter argues that EU red tape hampers AI innovation and puts Europe at a disadvantage compared to other regions. Meta and other companies advocate for regulatory harmonization to foster faster AI advancements.

🔒 FTC Urges Stricter Social Media Data Rules

The FTC calls for stricter regulation of social media data practices after a report exposed widespread data collection from users and non-users without consent, especially targeting minors. Platforms like TikTok and Facebook were criticized for inadequate privacy protections. FTC Chair Lina Khan stated, "These surveillance practices can endanger people’s privacy, threaten their freedoms, and expose them to harms." 

SPORTS & ENTERTAINMENT

🎉 Shohei Ohtani Makes MLB History with 50 Homers and 50 Steals

Shohei Ohtani becomes the first player in MLB history to hit 50 home runs and steal 50 bases in a season. Ohtani launched two homers and swiped two bags in the Dodgers' victory over the Marlins, reaching 51 steals. He hit a 438-foot shot in the sixth inning, with Dave Roberts praising his growing aggression. Roberts stated, “Shohei enjoys mastering pitchers.”

🏀 Caitlin Clark Sets Record for Most-Attended Game in WNBA Rookie Season

Caitlin Clark completed her rookie season in the most-attended game in WNBA history, with 20,711 spectators at Capital One Arena in Washington, D.C. Clark contributed eight points, five rebounds, and eight assists as the Indiana Fever narrowly lost 92-91 to the Washington Mystics. Indiana finished the season with a 20-20 record. Clark stated, "It was a memorable night." 

OTHER NEWS

🧭 Muslim Americans Shift Support to Jill Stein, Impacting Kamala Harris 

Many Arab American and Muslim voters, upset with U.S. support for Israel’s actions in Gaza, are turning away from Kamala Harris to back Jill Stein. Harris has faced criticism for not addressing calls to halt arms shipments to Israel or meet with Palestinian Americans. Stein’s strong position on Gaza could impact Harris in battleground states. Faye Nemer, founder of the MENA American Chamber of Commerce stated,  "Harris has lost trust." 

🇺🇸 U.S. Health Care Ranks Last Among 10 High-Income Nations 

The U.S. ranks last among 10 high-income countries in health care, according to a report by The Commonwealth Fund. Despite spending the most on health care, the U.S. performs poorly in preventing deaths, access, and equity. It also has the lowest life expectancy and highest preventable death rates. Dr. Joseph Betancourt noted, “No other country expects patients to pay so much out of pocket.” 

🎓 Federal Judge Extends Block on Biden's Student Debt Relief 

U.S. District Judge Randal Hall, appointed by former President George W. Bush, extended a restraining order on President Biden’s student loan forgiveness plan for 14 more days. The lawsuit, filed by seven GOP-led states, argues the plan is illegal, hampering Biden's efforts to offer relief before the November elections. Hall stated, “We need more time to assess the requests from both sides.” 

THIS DAY THAT YEAR

On September 20th, 2011, the U.S. military's "Don't Ask, Don't Tell" policy officially ended. This policy, which allowed gay, lesbian, and bisexual individuals to serve as long as they concealed their sexual orientation, was finally repealed, marking a significant step toward equality in the armed forces.

BRAIN TEASER

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Here’s what Yeterday’s teaser was:

You can't keep this until you have given it. What is it?

The answer is: Your word.

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