Tip News Daily Brief

Your Daily Brief

August 1st, 2023

Good morning, and happy Tuesday! On this first day of August, we’re excited to announce that Sharon H. will be receiving a $500 credit to a local day spa of their choice! Congrats, Sharon, and thanks for spreading the word about Tip News.

This month, we’re giving away a Truvani Natural Beauty Bundle, which includes two bags of wild-caught marine collagen, one bottle of organic turmeric, one glass straw & cleaning brush, a natural beauty ebook, and two digital recipe books. To earn your entry to take home this amazing bundle, simply refer one friend to join Tip News!

In Today’s Brief

China: Typhoon Doksuri floods Beijing
Biden: Launches new student debt plan
Pee-wee Herman: Actor dies at 70
Amazon: A new delivery milestone

...and more

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Top Tips

Devon Archer testimony

Hunter Biden’s former business partner Devon Archer testified behind closed doors yesterday before the House Oversight Committee.

In a statement, committee chairman James Comer said that Archer’s testimony confirms that “Joe Biden was ‘the brand’ that his son sold around the world,” adding that President Biden “joined Hunter Biden’s dinners with his foreign business associates in person or by speakerphone over 20 times” during his time as vice president. Rep. Dan Goldman, who sat in on the interview, claimed there was a lack of evidence connecting the president to his son’s foreign dealings and that business was never discussed during the phone calls.

Archer’s testimony comes one week after Hunter Biden decided to plead not guilty to two misdemeanor tax charges following his plea deal that fell apart under scrutiny from a federal judge in Delaware. This weekend, the DOJ requested that Archer start his one-year prison sentence for his conviction of defrauding a Native American tribe.

Yellow trucking shuts down

The 99-year-old trucking and logistics company Yellow Corp. (formerly known as YRC Worldwide Inc.) halted operations and will lay off all 30K of its workers, according to notices it sent to its customers and employees.

The Teamsters, which represents Yellow’s 22K unionized workers, announced that they received notice confirming Yellow was ceasing operations and filing for bankruptcy. When the company does file, it will become the largest bankruptcy ever for a trucking firm. In 2020, the Treasury Department granted Yellow a $700M pandemic-era loan on national security grounds. In June, a congressional probe concluded that the Treasury and Defense Departments “made missteps” in this decision.

Yellow was one of the nation’s largest less-than-truckload carriers that handled pallet-sized shipments of freight, though it had recently seen a decline in its daily delivery volume. As of March, Yellow had $1.5B of outstanding debt. Over $729M of that was owed to the federal government.

‘Euphoria’ actor dies at 25

Angus Cloud, the actor best known for his role as Fezco “Fez” O’Neill on HBO’s Euphoria, died yesterday in Oakland, California at the age of 25.

The Oakland Fire Department said it responded to a medical emergency yesterday morning, and the patient was “already deceased.” Cloud’s cause of death has not yet been determined. In a statement released by his family, they said “Angus was open about his battle with mental health and we hope that his passing can be a reminder to others that they are not alone and should not fight this on their own in silence." His death comes one week after his father’s funeral.

Cloud made his acting debut on Euphoria in 2019, starring alongside Zendaya, Sydney Sweeney, and Jacob Elordi. He was hired for the role after he was spotted by the casting director while walking down the street in New York. Cloud most recently starred in the Ethan Berger drama The Line.

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Quick Tips

Around the Globe

Typhoon Doksuri hit Beijing and forced over 31K people to evacuate from their homes; the storm has caused widespread flooding throughout the Chinese capital and has left at least two people dead so far (More)
The Islamic State claimed responsibility for a bombing in Pakistan that left at least 54 people dead at a pro-Taliban party’s election rally; in terms of casualties, the incident marks one of the region’s worst attacks in recent years (More)
At least six people have been killed by a Russian missile strike on the Ukrainian city of Kryvyi Rih, the home city of President Volodymyr Zelensky; 69 others were injured in the attack, according to Ukraine's interior minister (More)

On the Homefront

Biden administration launches its new student debt forgiveness plan called “SAVE,” geared towards relieving borrowers of federal student debt; the launch comes one month after the Supreme Court struck down President Biden’s previous plan to forgive student debt (More)
A suspect attempting to enter a Jewish school with a gun was shot by Memphis police and fired shots after he couldn’t get into the building, according to Memphis PD spokespeople (More)
The U.S. Space Command headquarters will remain in Colorado, according to U.S. officials; President Biden’s decision reverses plans put in place by the Trump administration to move the headquarters to Alabama (More)

Glitz & Games

In partnership with Faye

“Pee-wee Herman” actor Paul Reubens passed away at age 70 following a battle with cancer, according to a statement from his publicist (More)
French daredevil Remi Lucidi, who gained social media notoriety by taking photos of himself on tall structures throughout the world, fell to his death from a skyscraper in Hong Kong; he was 30 (More)
The U.S. Women’s National Soccer Team will face Portugal today in their group-stage finale at the 2023 FIFA Women's World Cup (More)

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Business & Markets

Major indexes in the stock market closed slightly higher after staying flat for most of yesterday (Dow +0.28%, Nasdaq +0.21%, S&P 500 +0.15%)
Cresco Labs and Columbia Care terminated their $2B merger more than a year after the cannabis companies announced the acquisition; The merger would have created the largest cannabis company in the U.S. (More)
Amazon has delivered over 1.8B items to U.S. Prime members the same or next day so far this year, four times the volume delivered at those speeds by the same point in 2019 (More)

Tips & Tricks

Feel Good: Meet Jason Card, a Canadian man who drove toward the wildfires in evacuated towns this summer to rescue as many pets as he could fit into his truck; Card’s actions ended up saving more than 30 dogs and some cats, as well
Sneak Peek: Get ready for another time travel storyline in the official trailer for season two of Loki on Disney+, in which everyone’s favorite god of mischief gets into more trouble than ever before
Bump This: South African R&B newcomer Tyla delivers a silky-smooth vocal performance over a vibey dancehall beat in her new single “Water” - listen on Apple Music, Spotify, and YouTube
Look Up: In an ultra-rare occurrence, there will be two supermoons this month, one this evening and another on the last two days of August - learn more about what causes a supermoon and the effects they have on the Earth
Chow Down: Add some spice to your life with this recipe for homemade elote - the elote–or grilled corn on the cob–is smothered with mayo, chile, cheese, and lime, making it creamy, tangy, smoky, and sweet all at once
Hot Goss: The flashing 'X' logo that sat on top of the San Francisco headquarters of the company formerly known as Twitter has been taken down after being installed on Friday; the city of San Francisco had said it was opening an investigation and complaint into permit requirements for the sign
Life Hack: Some days fly by without a chance to squeeze in any exercise or intentional movement - when you’re pressed for time, give this 10-minute mini routine a shot to keep your body in motion, because a little exercise is better than none

Tip-Offs

Ranking the U.S. states with the best & worst healthcare.

A Japanese man dresses up in an eerily realistic collie suit.

…while a Chinese zoo gets accused of keeping fake bears.

Learn why Aaron Rodgers took a pay cut to join the Jets.

The surprising pitfalls of working from home while parenting.

…and why readers & viewers are interested in love triangles.

Examining the potential reality of traveling without luggage.

From cities to hotels, 20 of America’s most haunted places.

Looking Back…

On August 1st: Colorado becomes the 38th U.S. state when it is admitted to the union (1876); the final entry is recorded in the diary of Anne Frank (1944); George R.R. Martin publishes A Game of Thrones, the first installment in his fantasy series A Song of Ice and Fire (1996); author Herman Melville is born (1819).

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