Elizabeth Holmes sentenced to years in prison!

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What’s Hot. Elizabeth Holmes, ex-Theranos CEO convicted for fraud and conspiracy, is set to report to a Texas federal prison for an 11-year sentence. Once a celebrated Silicon Valley figure, Holmes oversaw a dangerous blood-testing hoax at Theranos, resulting in her fall from grace. Her young children will stay with their father, William Evans. This is a stunning turnaround for someone who once held a paper fortune of $4.5 billion.

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📉 Spanish Inflation Beats Expectations, Hits Near 2-Year Low

In a surprising turn of events, Spanish inflation slows down more than expected, dropping to a near 2-year low at 2.9% in May, significantly lower than the 3.3% economists estimated. This descent, attributed to declining fuel costs and food price growth, bolsters European Central Bank officials' claims that Europe's historic price inflation is dwindling and the era of interest-rate hikes may be nearing its end. Looks like the Spanish economy is catching a much-needed break!

📈 S&P 500 Gears Up for New 10-Month High Amid Debt-Ceiling Deal Optimism

US stock futures advanced today after a deal to extend the government debt ceiling was struck. Traders anticipate a fresh 10-month high for the S&P 500, while some analysts express caution as Congress still needs to approve the deal. "Optimism over a U.S. debt ceiling agreement may continue to support risk assets for the early part of the week," commented Stephen Innes, managing partner at SPI Asset Management.

📝 Poland's President Inks 'Tusk Law' Against Russian Meddling

Poland's President Andrzej Duda will sign a bill authorizing an investigation into the opposition party's alleged undue Russian influence during its rule, earning it the nickname "Tusk Law". Critics label it unconstitutional & damaging to EU values, including PO lawmaker Marcin Kierwinski, who likened it to a "Stalin-esque law". The law may disqualify those found guilty from public office for 10 years. This move has ignited concerns over democratic backsliding in Poland.

🏳️‍🌈 Uganda Implements Severe Anti-LGBTQ Law, Includes Death Penalty

Uganda's President Museveni enacted a severe anti-LGBTQ law, attracting global condemnation and risking sanctions. Activist Clare Byarugaba described it as "legalized state-sponsored homophobia and transphobia". US President Biden called it a "tragic violation" of human rights. Uganda could face negative repercussions, including sanctions and visa restrictions. The law has ignited fears of a ripple effect in neighboring countries and drawn criticism for potentially hindering Uganda's fight against HIV/AIDS.

📲 WhatsApp Beta Expands Screen Sharing Feature to Android 

WhatsApp is rolling out a screen-sharing feature akin to those on Zoom and Microsoft Teams, currently available to select Android beta testers. A new icon initiates screen recording during a video call, with a disclaimer about company access to the displayed content. However, compatibility may be limited for older Androids, larger group calls, and non-updated WhatsApp versions. This new feature reflects the ongoing evolution of communication platforms.

🚀 NASA's SLS Rocket: $6 Billion Overbudget, 6 Years Delayed

NASA's Space Launch System (SLS) rocket, the key to the Artemis moon mission, is $6 billion over budget & 6 years delayed, says an audit by NASA's Inspector General. Cost increases and additional delays are anticipated. Outdated technology and "cost-plus" contracts are cited as contributors to this issue. Audit recommends transitioning to fixed-price contracts and resolving procurement issues. This poses a considerable risk to NASA's lunar ambitions.

🏏 JioCinema Sets World Record With Free Cricket Streaming

JioCinema, part of Mukesh Ambani's digital empire and backed by Viacom18, set a global record with 32+ million concurrent viewers for the IPL cricket finale’s live stream. Winning a $3 billion bid for IPL's digital rights, the platform offers free tournament streaming and a modestly priced premium tier, potentially reshaping South Asia's digital landscape. Despite not having the streaming rights, Disney still attracted substantial attention with 482 million cumulative views through satellite TV, maintaining a strong audience.

🔥 Heat Triumphs Over Celtics, Eyes NBA Finals Against Nuggets

Bucking the odds, Miami Heat, the eighth seed, claimed the NBA Eastern Conference championship with a stunning 103-84 victory over Boston Celtics in Game 7. Headed for the NBA finals, they face the top-seeded Denver Nuggets. This gritty journey has surprised all but Miami, with Jimmy Butler stating, "We have a belief that we can do something incredibly special." They hope to bring that belief, and the lessons learned, to their upcoming challenge in Denver.

🐋 'Spy' Whale Hvaldimir, Suspected Russian Trainee, Seen off Swedish Coast

Hvaldimir, a beluga whale suspected to be trained by the Russian navy, has been seen off Sweden's coast. Initially found in Norway in 2019 with a man-made harness labeled "Equipment St Petersburg", Hvaldimir's recent rapid movement concerns scientists. OneWhale’s Sebastian Strand speculates it could be due to hormones or seeking companionship, but worries about his ability to find food in Sweden, noting some weight loss. "He behaves like a lost or abandoned domesticated animal," OneWhale states.

🚔 Hollywood Broadwalk Shooting: 9 Victims, Including 4 Minors

Nine individuals, including four minors aged 1-17, were shot after an altercation near Margaritaville Hollywood Beach Resort. One person is undergoing surgery while the rest are in stable condition. Police have detained one person and are seeking another in connection with the shooting. "Thank you to the good Samaritans, paramedics, police, and emergency room doctors and nurses," stated Hollywood Mayor Josh Levy. Hollywood Beach area remains cordoned off.

🏠Drones Strike Residential Moscow: The War Comes Home 

Moscow experienced its first drone attack on residential areas since the invasion of Ukraine, with local officials reporting building damage & residential evacuations. Russian defense ministry stated 8 drones were involved, all of which were destroyed. Ukrainian presidential adviser Mykhailo Podolyak denied direct involvement. Kyiv faced its 17th Russian attack this May. Drone strikes are the latest indication of the conflict's impact spreading into Russia. Kremlin spokesman Dmitry Peskov affirmed Russia's continued "special military operation" in Ukraine.

🏁 On this day in 1911, history was made as the Indianapolis Motor Speedway roared to life with the inaugural Indianapolis 500 race! Ray Harroun clinched victory after an exhilarating 6 hours and 42 minutes of adrenaline-filled action, forever etching his name in auto racing history.

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