Tip News Daily Brief

Your Daily Brief

June 7th, 2023

Good morning, and happy Wednesday! With tough skin, sharp teeth, and long snouts, crocodiles are thought of by some as descendants of the dragons that fill the myths of so many cultures. For this week’s optical puzzle, see if you can spot the three crocodiles hiding amongst the dragons. When you’re done, reply to this email and let us know how long it takes you!

In Today’s Brief

Ukraine: Dam collapse causes flooding
Chris Christie: Files election paperwork
Damar Hamlin: Back to practice with Bills
Merck: Goes after Biden administration

...and more

First time reading? Sign up here

Top Tips

PGA & LIV Golf to merge

The PGA Tour, DP World Tour, and LIV Golf League have agreed to unify and merge their commercial operations into a single entity, per an announcement from the circuits.

The deal between the tours and Saudi Arabia’s Public Investment Fund–which owns LIV Golf–was reached without the knowledge of many PGA Tour members and LIV players and agents. In a statement, the PGA Tour said that the agreement combines all three circuits to form a “new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.” PGA Tour Commissioner Jay Monahan called yesterday “a historic day for the game we all know and love.”

The LIV Golf series launched in June 2022, with participating players such as Phil Mickelson and Dustin Johnson subsequently getting barred from competing in PGA Tour events. The circuits said the agreement ends all pending litigation between the parties.

World Bank outlook

The World Bank raised its global economic forecast for 2023 on the strength of the U.S., China, and other major economies, but said higher interest rates and tighter credit will take a bigger toll on next year’s results.

Per its report, the World Bank said it estimates that the international economy will expand by 2.1% in 2023 after growing by 3.1% in 2022. It also predicted that U.S. economic growth will slow to 1.1% growth in 2023, down from 2.1% in 2022. Meanwhile, it improved its outlook for the Russian economy this year due to stronger-than-expected revenues from energy exports to countries including India and China. Despite sanctions imposed by Western nations due to its war with Ukraine, the bank forecasts the Russian economy will contract “only slightly” in 2023.

Overall, the latest forecasts offers more promising economic outcomes as compared to its previous January predictions of the world's economy slowing to the brink of recession

SEC charges Coinbase

The Securities and Exchange Commission filed a lawsuit in New York federal court against cryptocurrency exchange Coinbase, alleging that the company was acting as an unregistered broker and exchange.

In a press release, the SEC wrote that it “alleges that Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law.” The SEC also alleged that Coinbase allowed users to trade tokens and buy products that were, in fact, securities. The SEC then named 13 digital tokens on Coinbase that it considered securities, including SOL, ADA, Matic, and FIL.

Coinbase is the largest cryptocurrency exchange in the United States. Yesterday’s charges against it come one day after the SEC filed a similar lawsuit against Binance, the world’s largest cryptocurrency exchange, and its founder Changpeng Zhao. Shares of Coinbase closed over 12% lower on the news.

In partnership with AI Tool

AI isn't waiting for you

AI is here and it’s not waiting around until you find the ‘right time’ to learn its potential.

Either grab the reins, or be left in the dust.

The AI Tool Report newsletter offers numerous benefits for individuals interested in AI and its applications. Join over 70k readers – for free – and gain access to a wealth of valuable information and insights.

Stay Updated: Timely updates on the latest advancements in AI tech, tools, and trends. Be in the know, and stay ahead in the fast-paced AI landscape.

In-Depth Reviews: Detailed reviews of AI tools, to help you make informed decisions about which tools to utilize for your specific needs.

Expert Analysis: Professional commentary, providing a deeper understanding of AI's impact across various industries and domains.

By subscribing for free to the 'AI Tool Report' newsletter, you’ll find inspiration, gain actionable insights, and tap into the potential of AI. Click to join over 70k readers and 5x your learning and productivity.

Please support our sponsors!

Quick Tips

Around the Globe

A major dam collapsed in Russian-held Ukraine and caused nearly 40K people to be evacuated downstream; Ukrainian President Volodymyr Zelensky said 80 towns and villages were at risk of flooding after the destruction of the dam at Nova Kakhovka, which he blamed on Russia (More)
Unions in Paris mobilized opponents of the new French pension reform laws again yesterday; the demonstration marks the 14th mass protest action this year against the law which raises the retirement age by two years (More)
The U.S. knew of a Ukrainian plan to sabotage the Nord Stream pipeline in Russia three months before it was bombed, according to documents leaked online, allegedly by Air National Guardsman Jack Teixeira (More)

On the Homefront

Former NJ Governor Chris Christie filed paperwork with the Federal Election Commission to run for president in the Republican primary (More)
Atlanta City Council approves funding for a police training center that has provoked nearly two years of protests; members voted to set aside funding for the construction of the 85-acre Atlanta Public Safety Training Center (More)
New York City had the worst air quality in the world yesterday morning due to harmful smoke wafting south from wildfires burning in eastern Canada (More)

Glitz & Games

In partnership with Annmarie

Filming for Season 4 of Netflix’s ‘Emily in Paris’ has been delayed by two months due to the ongoing writer’s strike, per sources familiar with the matter (More)
Buffalo Bills safety Damar Hamlin took part in team drills for the first time this offseason and some six months after going into cardiac arrest and needing to be resuscitated on the field during a game against the Bengals on January 2nd (More)
The 4th Captain America installment and the first film starring Anthony Mackie as the titular character will be called Brave New World, according to an announcement from Marvel Studios (More)

From our partners: Get Glowing Skin for Summer – Annmarie’s Clean Skincare bundle includes four of their best-selling products that work together to cleanse, nourish, and protect your skin, giving you a radiant and glowing complexion. Get the Annmarie Gianni Clean Bundle for under $20 and enjoy a bonus of their popular Antioxidant Lip Balm!

Business & Markets

Major indexes in the stock market closed higher, with the Nasdaq leading gains (Dow +0.03%, Nasdaq +0.36%, S&P 500 +0.24%)
Boeing said it will delay deliveries of its 787 Dreamliner planes due to a new defect related to a “nonconforming condition” on a horizontal stabilizer fitting, per a company announcement (More)
Pharmaceutical company Merck filed a lawsuit against the Biden administration over its plans to negotiate lower drug prices on behalf of taxpayers and seniors under the Inflation Reduction Act (More)

Tips & Tricks

Feel Good: Meet Emily Raines, an acute care nurse at a Baltimore hospital who was flying back from a vacation in the Bahamas with her boyfriend when she stepped in to save a passenger’s life by performing chest compressions for 23 minutes…and ended up reviving him
Bump This: Indie pop hero Lauv is back with another sweet-sounding single called “Steal the Show” from the new Disney/Pixar film Elemental - listen on Apple Music, Spotify, and YouTube
Jaw Drop: See the latest 3D reconstruction (with stunning details) that researchers created of Egyptian King Tutankhamun’s face, which has long intrigued researchers and the general public alike
Nerd Out: Take a deeper look at Apple’s new Vision Pro headset, how it works, and whether the immersive mixed-reality experience you get from it is worth the price tag of just under $3.5K
Go Deep: Read up on whether you should keep your shoes on or take them off inside your house, based on a new study conducted by environmental chemists who have spent a decade examining the contaminants people are exposed to in their own homes
Hot Goss: A tourist at Yellowstone National Park could find himself facing charges after posting videos of himself running up to bears, which park officials say is against the law
Life Hack: Making small talk with someone you’ve just met can be terrifying, and despite what common sense tells us, trying to convince that person how smart we are can backfire - check out the number one way to sound smarter during small talk, according to Harvard and Wharton researchers

Tip-Offs

Ranking the world’s 20 most air-polluted cities.

One man explores California’s forbidden highway.

See 2023’s most celebrated restaurants and chefs.

What it’s like visiting theme parks with motion sickness.

Watch Seth Rogen & others audition for The Office.

Apple says it will stop autocorrecting swear words.

The search for the mountains buried in deep Earth.

...and why so many cultures contain myths of dragons.

Looking Back…

On June 7th: Vatican City becomes a sovereign state when the Lateran Treaty is ratified (1929); the U.S. Supreme Court rules in favor of the constitutional right of married people to use birth control (1965); Elvis Presley’s Memphis home Graceland opens for public tours (1982); singer, songwriter, musician, and producer Prince is born (1958).

In partnership with AI Tool