Pressure Mounts on Biden

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BUSINESS & ECONOMY

📉 U.S. Consumer Prices Drop for First Time in 4 Years, Easing Inflation

U.S. consumer prices dropped for the first time in four years, declining 0.1% in June due to cheaper gasoline and moderating rents. This marks a significant step towards reduced inflation, reinforcing the Federal Reserve’s potential interest rate cut in September. The CPI's annual increase slowed to 3.0%, the smallest since June 2023, indicating cooling inflation after surging earlier this year.

💵 Inflation Mostly Not Biden's or Trump's Fault

Economists believe that the high inflation experienced recently is not mainly the result of policies from Biden or Trump. Instead, global events like the pandemic and the Russian war in Ukraine disrupted supply chains, driving up prices. The Federal Reserve’s slow response also contributed to the same. David Wessel from Brookings Institution remarked, “Presidents get more credit and blame for the economy than they deserve.”

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WORLD

🇺🇦 NATO Pledges $43bn Aid to Ukraine, Assures Membership Path

NATO has pledged $43bn in military aid to Ukraine and confirmed its "irreversible path" to NATO membership. The aid aims to bolster Ukraine's defense against Russia, with the first F-16 jets arriving by summer. NATO Secretary-General Jens Stoltenberg stated, "We are not doing this because we want to prolong a war. We are doing it because we want to end a war as soon as possible."

🌍 G7 Criticizes Israel Over Settlements, Withholding PA Funds

G7 foreign ministers condemned Israel's expansion of West Bank settlements and withholding of PA funds, calling these actions harmful to peace. Israel plans to legalize outposts, create new settlements, and seize land in the West Bank. The G7 urged reversing these decisions and releasing PA tax revenues stating, "We reaffirm our commitment to lasting and sustainable peace."

SCIENCE & TECH

📷 Apple Plans Major Camera Upgrades for iPhone 19 Pro

Apple plans significant camera upgrades from 2024's iPhone 16 Pro to 2027's iPhone 19 Pro, says analyst Ming-Chi Kuo. The iPhone 16 Pro will adopt the tetraprism lens from the iPhone 15 Pro Max, enhancing optical zoom. By 2025, the iPhone 17 Pro Max will feature a 48MP CIS for better zoom and photo quality. Further enhancements are expected throughout the iPhone 19 Pro Max.

🔒 New COPIED Act Bans Removing Digital Watermarks

A bipartisan group of senators has proposed the Content Origin Protection and Integrity from Edited and Deepfaked Media (COPIED) Act to address concerns over unauthorized AI use directing the National Institute of Standards and Technology (NIST) to establishing standards for content authentication, prohibiting the alteration of digital watermarks, and limiting AI training using protected content.

SPORTS & ENTERTAINMENT

😢 Shelley Duvall, 1970s Film Star, Dies at 75

Shelley Duvall, a beguiling actress known for her roles in 1970s films like "Nashville" and "3 Women," passed away on July 11 at her home in Blanco, Texas, at the age of 75 due to complications from diabetes. Renowned for her performance in "The Shining," Duvall was remembered as a unique and versatile talent. Pauline Kael film critic stated, "Her eccentric grace is like no other."

⚾️ Skenes Shines: No-Hit Gem as Pirates Shut Out Brewers

Paul Skenes struck out 11 in seven no-hit innings, leading the Pittsburgh Pirates to a 1-0 victory over the Milwaukee Brewers. Skenes threw 99 pitches, with 65 strikes, lowering his ERA to 1.90. The Pirates' sole run came in the seventh while, Colin Holderman and Aroldis Chapman secured the win. Skenes stated,  "It's just about getting outs." 

🎾 Paolini Wins Longest Wimbledon Semi, to Face Krejcikova Next

Jasmine Paolini made history in the longest Wimbledon women’s semifinal, defeating Donna Vekic 2-6, 6-4, 7-6 (10-8). Despite trailing multiple times, Paolini's resilience led her to a gripping victory. She faces Barbora Krejcikova next, who overcame Elena Rybakina. Paolini reflected, “This match I will remember forever.” 

OTHER NEWS

🔄 Dozens of Democrats to Urge Biden to Step Aside Post-NATO

Dozens of Democratic lawmakers are expected to urge President Biden to exit the 2024 race after the NATO conference. Coordinated statements suggest concerns over his impact on the party’s future. While leaders won’t publicly force him out, insiders predict a "brutal" few days ahead. Senator Elizabeth Warren stated, "The future of our party depends on making tough decisions now." 

🇺🇸 Biden Firm on Re-Election Despite Growing Calls to Step Down

President Biden reaffirms his commitment to running in 2024 during a one-hour press conference after the NATO summit, despite increasing calls from some Democrats to step down. Addressing concerns about his ability to defeat Trump, Biden stated, "I think I'm the most qualified person to run for president. I beat him once and I will beat him again."

🔥 Extreme Heat Claims 28 Lives in a Week

A searing heat wave across the U.S. has killed at least 28 people, with the death toll expected to rise. California, Oregon, and Arizona reported the most fatalities. Victims include the elderly, homeless individuals, and a baby. Record-breaking temperatures have affected over 135 million people. Ashley Ward highlighted, "Awareness plays a critical role in this equation."

THIS DAY THAT YEAR

On July 12th, 1962, the iconic British rock band, The Rolling Stones, performed their first show, billed as "The Rollin' Stones," at a club in London.

BRAIN TEASER

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Here’s what Yesterday’s teaser was:

What four-letter word can be written forward, backward or upside down, and can still be read from left to right?

The answer is: Noon

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