Your Daily Brief

September 6th, 2022

Good morning, and happy Tuesday! Did you know that you’re ten times more likely to be bitten by a person than by a shark? It’s true–in New York City, the annual number of human bites is 10 times higher than the yearly number of shark bites worldwide. Anyway, while you perhaps rethink your next trip to the Big Apple, here’s what we have for you:

In Today’s Brief

  • Afghanistan: Explosives detonated in attack on Russian embassy in Kabul
  • California: Residents urged to conserve energy amid record temperatures
  • Chadwick Boseman: Wins posthumous Emmy award for voiceover work
  • Volkswagen: Moving forward with plans for Porsche IPO
  • Kelly Clarkson: Celebrates 20th anniversary of her American Idol win
  • Top Tips: Liz Truss is elected as the third female Prime Minister of the UK; CVS will acquire Signify Health for nearly $8B; a special master will be appointed to review documents seized at Mar-a-Lago

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Liz Truss will become the new Prime Minister of the UK

Liz Truss was announced yesterday as the winner of the Conservative Party leadership election, thus succeeding Boris Johnson to become the next Prime Minister of the United Kingdom.

Johnson resigned in July after members of his government stepped down over a string of incidents, including parties held in Downing Street during lockdown periods of the coronavirus pandemic. In the leadership elections, Truss defeated former chancellor Rishi Sunak by a 57% to 43% margin. After the result was announced, she promised to slash taxes and deal with energy price hikes in the country that have reached up to 80%.

Queen Elizabeth II is scheduled to formally appoint Truss as Britain’s Prime Minister tomorrow at the Balmoral estate in Scotland, rather than at London’s Buckingham Palace. Truss will be the third woman to serve as Prime Minister of the UK, following Margaret Thatcher and Boris Johnson’s predecessor Theresa May.

CVS will acquire Signify Health in a deal worth nearly $8B

CVS has reached an agreement to acquire in-home healthcare company Signify Health in a deal worth about $8B, according to statements from the two companies.

Before agreeing to sell to CVS in an all-cash deal for $30.50 per share, Signify Health was first in acquisition talks with Amazon and UnitedHealth Group Inc. Karen Lynch, President and CEO of CVS Health, said that the acquisition “will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the health care experience,” and added that the deal is expected to close in the first half of 2023.

Signify Health will bring CVS–which operates 8,000 retail drugstores, 1,100 MinuteClinics staffed by nurse practitioners, and the third-largest health insurer in the United States, Aetna–a network of 10,000 clinicians who provide home-based assessments of patient health.

Judge grants former President Trump’s request to appoint a special master to review Mar-a-Lago documents

A federal judge granted former President Donald Trump’s request to appoint a special master to review documents seized by the FBI last month in its search of his Mar-a-Lago home.

Per the filing submitted by Judge Aileen Cannon in U.S. District Court for the Southern District of Florida, the special master–or independent third-party attorney–will examine “the seized property for personal items and documents and potentially privileged material subject to claims of attorney-client and/or executive privilege.” Cannon also temporarily blocked the Justice Department from reviewing or using the seized documents for investigative purposes until the special master completes their examination or until a further court order.

Meanwhile, the Justice Department has opposed former President Trump’s request for the special master and rebuked his claims that the documents are shielded by attorney-client and executive privileges, arguing instead that they belong to the U.S. Government.

Around the Globe

  • At least 46 individuals were killed and over 50 others were injured after a magnitude 6.8 earthquake struck China’s Sichuan province yesterday evening
  • Russian Foreign Ministry and Afghan officials confirmed that six people were killed–including two Russian embassy staff–and at least 10 others were injured in Kabul when a suicide bomber detonated explosives near the entrance of the embassy
  • Damien Sanderson, one of the two suspects in Sunday's stabbing attacks in Saskatchewan, has been found dead, according to Canadian police; officials said that the other suspect–Sanderson’s brother Myles–is still at large

On the Homefront

  • A Colorado woman lost her life in a 900-foot fall while scaling a peak in the Rocky Mountains near Aspen, according to a statement from the Pitkin County Sheriff’s Office
  • California extended its call for residents to conserve energy as the state sees record temperatures; the National Weather Service said temperatures could hit 115 degrees Fahrenheit by midweek and warned residents to stay indoors to avoid heat-related illness
  • The Coast Guard called off its search for nine people who went missing after a floatplane carrying 10 individuals went down off Seattle’s Whidbey Island on Sunday; one of the passengers was confirmed dead in the Mutiny Bay area of Puget Sound

Glitz & Games

  • Chadwick Boseman won a posthumous Emmy Award for outstanding character voice-over performance for voicing T’Challa in Marvel's animated What If…? series
  • Olivia Wilde’s Don’t Worry Darling premiered at the Venice Film Festival yesterday; Wilde–who directed the film–was joined by Chris Pine, Harry Styles, Gemma Chan, and Florence Pugh
  • A judge dismissed Spencer Elden’s lawsuit against Nirvana alleging that the band engaged in child pornography by featuring an image of himself as a baby on the cover art of its 1991 album Nevermind

Business & Markets

  • The stock market was closed for the Labor Day holiday; markets reopen today at 9:30 AM ET
  • Volkswagen announced yesterday that it planned to list its Porsche brand in an initial public offering on the Frankfurt Stock Exchange; the company is aiming for later this month or early October for the IPO
  • OPEC+ agreed to curb oil production by 100,000 barrels per day in October; the move goes against a production increase that the group approved a month ago

Tip & Tricks

  • Bump This: Charlie Puth is back with a heavy dose of autotune in the new bop “Smells Like Me” off his upcoming album CHARLIE - listen on Apple Music and Spotify (good luck not listening to it 20 times in a row like we did)
  • Chow Down: If you’re giving up the gluten–or just thinking about it–take a look at this recipe for gluten-free spaghetti and meatballs that tastes great and won’t break the bank
  • Nerd Out: Check out the new Bentley Mulliner Batur grand tourer that sports an engine with a power output of over 700 HP, costs $2M, and of which there will only be 18 produced in the world 
  • Go Deep: Read about how TikTok is upending the music industry by exposing unknown singers and established artists to a global audience of over 1B monthly users
  • Say What: “20 years ago today I won American Idol and it forever changed the course of my life. That moment was the door that opened up so much access and opportunity, and creative partnerships that I will be grateful for all of my days,” singer and talk show host Kelly Clarkson said in an Instagram post reflecting on the past two decades of her career (wow…does anyone else feel ancient right now?)
  • Hot Goss: Former National Basketball Players Association executive director Billy Hunter is suing LeBron James and Drake over the upcoming documentary Black Ice; Hunter claims he holds the exclusive legal rights to produce any movie about Canada’s old Colored Hockey League that the documentary is centered on
  • Life Hack: If you break a piece of glass, putting bread on it will help you pick up even the smallest of shards

Looking Back…

On September 6th: President William McKinley is fatally shot at the Pan-American Exposition in Buffalo, NY (1901); the first Piggly Wiggly supermarket is opened by Clarence Saunders in Memphis, Tennessee (1916); the Soviet Union recognizes the independence of Estonia, Latvia, and Lithuania (1991); Italian operatic lyric tenor Luciano Pavarotti dies at age 71 (2007).

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