Tension between Taco Joints!

Hey there scroller 🤳

Ready for another day’s headstart with some fresh news?

What’s Hot. Taco Bell petitions to end Taco John's 'Taco Tuesday' trademark, asserting, "the very essence of 'Taco Tuesday' is to celebrate the commonality amongst people...who celebrate something as simple, yet culturally phenomenal, as the taco." Taco John's CEO denounced the move. The resolution could take up to 2 years.

If your pal sent this to you, then subscribe to stay the most informed person in the room😉

📚IRS to Launch Free Online Tax Filing Pilot Program in 2024, Promising Accessibility and Potential Savings

IRS plans a free, government-run online tax filing pilot for 2024. Amid potential savings for taxpayers and operational challenges, critics warn of power imbalances and resource misdirection. Despite fears and backlash from tax-prep firms, IRS supports the new system, expecting it to revolutionize tax filing and improve accessibility. Tax service industry braces for change.

💰Biden and Republicans Optimistic for US Debt Ceiling Deal

In a bid to avoid a catastrophic $31.4tn US debt default by June 1, President Biden and Republican leaders project guarded hope for a deal. Biden cuts his foreign trip short to ensure action, amidst Republicans' demand for budget cuts and stricter aid rules, which Democrats reject. Failure to agree could trigger a global financial crisis.

⏬Erdogan's Strong Election Showing Amplifies Turkey's Market Turmoil

Turkey's markets plummet as President Erdogan's likely re-election spurs fears of continuing his unorthodox economic tactics. The lira hits record lows, banking stocks and sovereign bonds slide, and insuring Turkish debt gets costlier. Despite some stocks rising, experts warn of a potential sharp correction in Turkish assets within a year, due to the unsustainable policy environment.

🚀UK and Netherlands Join Forces, Pledge F-16s Fighter Jets to Ukraine

UK's Rishi Sunak and Dutch PM Mark Rutte plan an international coalition to provide F-16 fighter jets to Ukraine. "Ukraine's rightful place is in NATO," Sunak reiterated, emphasizing long-term security assistance. Experts claim F-16s could give Ukraine an advantage if paired with strong missiles and targeting data, warning of an escalation. Zelenskyy, the Ukrainian President, thanked them, calling this "a good start to the coalition" in his nightly address.

💬Microsoft’s Bing AI adds contextual chat, widgets on Android and iOS

Microsoft's Bing AI is getting an Android and iOS home screen widget for easy access to chat, beating Google's planned Bard widget. Users can continue AI chatbot conversations across devices with a QR code. It's also adding SwiftKey support and using contextual data from webpages in Microsoft Edge. "You can...ask Chat to summarize the content for you," says Microsoft, promising quicker info access on the go.

😨OpenAI CEO Urges Regulation of Advanced AI by a US or Global Agency

OpenAI CEO Sam Altman, in a Senate hearing, called for a US or global agency to regulate advanced AI systems. He acknowledges societal concerns about AI, saying, "If this technology goes wrong, it can go quite wrong," suggesting pre-release testing and disclosure of known risks. While supportive of AI oversight, tech leaders caution against overly restrictive rules. Altman's vision includes blocking AI models that could 'self-replicate and self-exfiltrate into the wild'

🪧WGA Negotiators Claim Settling Is Cheaper Than Prolonged Strike; Studio Execs Respond

Writers Guild negotiators argue that settling the contract would be cheaper for studios than a prolonged strike. The union estimates their proposals would cost the industry $429 million per year, with $343 million attributed to the largest employers. Committee also emphasizes the studios' significant profits from writers' work and urges them to settle to avoid further disruption.‘’Studio executives dismiss the figures as baseless.’’

🤚Sheikh Jassim Increases Bid for Manchester United, Challenging Rival Offer

Sheikh Jassim bin Hamad Al-Thani has raised his bid to buy Manchester United, challenging British billionaire Sir Jim Ratcliffe's offer, according to ESPN sources. Jassim's 100% ownership proposal promises to clear club debt accumulated during 18 years of the Glazer family's reign and includes funds for Old Trafford redevelopment and squad enhancement. Raine Group, overseeing the sale, will soon name a preferred bidder.

👩‍🍼North Carolina bans abortion past 12 weeks, overriding the governor's veto

North Carolina's legislature has overridden Governor Roy Cooper's veto to pass a bill banning most abortions after 12 weeks. The move narrows the window for legal abortions but falls short of stricter bans. A similar measure is also under consideration in Nebraska. These developments reflect Republican lawmakers' compromise approach. Bills highlight the resistance faced by GOP lawmakers within their party.

🗳️Texas Legislation Passes Bill Curtailing City Authority

Texas passed a bill stripping authority from cities, shifting control to the Republican-controlled legislature. Critics argue it limits power in blue-leaning cities. The broad legislation affects domains like payday lending laws and regulations on rest breaks. Concerns arise about uncertainty and enforcement through lawsuits. Governor Abbott supports the bill. Opponents worry about the impact on cities' policymaking abilities.

🤯Tech Giants Recruit Low-Paid Foreign Workers Amid US Layoffs: Report

Google, Meta, Amazon, Microsoft, and Salesforce have hired low-paid foreign workers after laying off 1000s of employees, according to a report. Google filed applications for low-paid foreign workers to fill specialized tech roles. Companies like Meta, and Amazon also applied for H-1B visas. Critics argue that these visas undercut US workers. H-1B visa applications have increased, raising concerns about manipulation. Overall 168,000 tech layoffs have been reported this year.

On 17 May in 2004, Massachusetts became the first U.S. state to legalize same-sex marriage. This move shattered barriers and with courage & progressiveness, the state proudly issued marriage licenses to gay couples, igniting a powerful movement for LGBTQ+ equality across other states as well.

Thanks for scrolling with us🤳

Want to share Daily Scroll with a Pal? Forward this email and invite them to join our community of savvy scroll-ers.

We'd love to hear your feedback on today's issue of Daily Scroll! Simply reply to this email and share your thoughts on how we can improve our content and format.

Have a great day and see you tomorrow 🕺