Good morning, and happy Tuesday! As the TikTok saga continues, the ByteDance-owned company filed a lawsuit yesterday against the state of Montana after the governor signed a bill last week that would ban the app statewide. While other states have expressed similar sentiments over the app, Montana was the first to do something about it. Do you think other states will follow suit? In Today’s Brief
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Top TipsColorado River dealFederal officials in Arizona, California, and Nevada struck a deal to use less water from the Colorado River over the next several years. The details of the plan involve cities, irrigation districts, and Native American tribes in the three states receiving federal funding in exchange for using less water. The plan would conserve an additional 3M acre-feet of water through 2026 (when current guidelines for how the river is shared expire), and about half the cuts would come by the end of 2024. In total, the three states will cut usage from the river by an estimated 13% over three years. In exchange for the water usage reductions, Arizona, California, and Nevada will reportedly receive $1.2B in compensation. The Colorado River serves 40M Americans in Western states. Since the 1900s, water flow along the river has fallen by approximately 20%, and reservoirs in the region have reached record lows amid a decades-long drought. |
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Record fine for MetaFacebook parent Meta has been hit with a fine and formal suspension order requiring it to stop exporting European Union user data to the U.S. for processing. In a statement, the European Data Protection Board announced it had fined the company close to $1.3B. An investigation by Ireland’s Data Protection Commission found that Meta continued to transfer user data from countries in the European Union and the European Economic Area to the U.S. despite being suspended from doing so in 2021. Meta–which also owns WhatsApp and Instagram–said there would be “no immediate disruption” to Facebook in Europe. The company plans to appeal the ruling and will seek to suspend the case from proceeding in court. The fine levied against Meta is the largest ever issued under the EU’s General Data Protection Regulation. Prior to yesterday, the largest fine ever imposed by the EDPB was $887M on Amazon for misusing customers’ data for ad targeting in 2021. |
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Fake Pentagon explosionAn AI-generated photo of an explosion at the Pentagon went viral yesterday and briefly caused the U.S. stock market to dip despite it being fake. The photo reportedly showed smoke billowing outside the Pentagon and was shared by Russian state media outlets and other accounts alongside claims that an explosion had occurred at the building. After the photo circulated, the Arlington County Fire Department said in a tweet: “There is NO explosion or incident taking place at or near the Pentagon reservation, and there is no immediate danger or hazards to the public.” Yesterday’s photo comes amid debates that advanced AI will allow bad actors to spread misinformation and sow chaos online. In March, Elon Musk and more than 1K experts in the field of AI cited the spread of misinformation as a key motivation in their call for a six-month pause on the development of advanced AI until proper safety guidelines were in place. |
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Quick TipsAround the Globe
On the Homefront
Glitz & GamesIn partnership with Earth Conscious Life
From our partners: The Need to GROW – Our soil is losing quality, stripping our food of vital nutrients and leading to an increase in diseases and skyrocketing food prices. In these tough times, the world needs grounded hope more than ever…and The Need To GROW is a powerful film that offers just that. Click here to watch the film and discover how you can be part of the solution. Business & Markets
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Tip-OffsFrom worst to best, ranking Martin Scorcese’s 26 films. Why your 20s is the best time to start a retirement plan. …and why young people are turning to military industries. Examining whether buying a car is better on Memorial Day. Take a video journey to see the 18 different French fry cuts. See newly-snapped high-resolution photos of our Sun. …and photos of the five best sento bathhouses in Tokyo. Are orca whales exacting revenge by sinking ships? |
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Looking Back…On May 23rd: American outlaws Bonnie and Clyde are killed in a police shoot-out near Gibsland, Louisiana (1934); China formally annexes Tibet as an autonomous region (1951); Eminem releases The Marshall Mathers LP, which goes on to become the fastest-selling album in the history of rap (2000); actress Joan Collins is born (1933). |
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