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Your Daily BriefJuly 20th, 2022 |
Good morning, and welcome to the middle of the week! Depending on where you live, it’s probably a scorcher out there (100 million Americans are under heat advisories right now)...so while you try to stay cool, here’s what we have for you:
In Today’s Brief
- Congress: 16 members arrested in abortion rights demonstration
- UK: Hottest day ever on record
- TikTok: Begins laying off employees
- Stocks: Dow gains 752 points
- Harry Styles: Texas State University offering a course on the pop star
- Top Tips: Toys "R" Us returns in Macy's locations, Twitter vs. Elon Musk updates, blueberries recalled over concerns of lead contamination
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Toys “R” Us stores are being resurrected through a partnership with Macy’s
Macy’s is expanding its partnership with WHP Global to bring a Toys “R” Us to every Macy’s store in the United States before the holiday season.
In a statement published on its website, Macy’s said that the Toys “R” Us stores will begin opening later this month, and that all in-store shops are expected to be in place by October 15th. Macy’s also added that the “in-store shops will range from 1,000 sq. feet and span up to 10,000 sq. feet in flagship locations in Atlanta, Chicago, Honolulu, Houston, Los Angeles, Miami, New York, and San Francisco.”
Though the toy retailer went out of business in 2019, WHP Global began selling Toys “R” Us products online via Macy’s digital and fulfillment ecosystem in August of last year–and Macy’s said its 2022 Q1 sales “were 15x higher than the comparable period” prior to the partnership.
Judge grants Twitter’s request for an expedited trial against Elon Musk
A Delaware judge ruled in favor of Twitter yesterday for an expedited trial to force Tesla and SpaceX CEO Elon Musk’s acquisition of the company for $44 billion.
During the hearing, Musk’s lawyers argued that an expedited trial wouldn’t give Musk and his team enough time to review Twitter’s data to verify the number of spam accounts on the platform–a concern Musk has voiced since first announcing the deal. Twitter’s lawyers, on the other hand, argued that a quick trial was needed to mitigate the harm the company has experienced from Musk’s public disparagement. They also pointed out that Twitter’s request for a September trial was in line with timelines of similar cases in the past.
Per Delaware Court of Chancery Chancellor Kathaleen McCormick’s ruling yesterday, the trial between Twitter and Musk will start in October and last five days.
Some freeze-dried blueberries are being recalled due to potential lead contamination
Certain pouches of Natierra freeze-dried organic blueberries are being recalled nationwide because they might contain too much lead.
According to an announcement posted on the Food and Drug Administration's website from BrandStorm Inc.–which owns and operates the Natierra brand of blueberries–the lead content was discovered through testing done in a Maryland lab, and the affected products were found to originate from Lithuania. Per BrandStorm’s announcement, the voluntary recall covers two batches of Natierra organic freeze-dried blueberries sold in 1.2-ounce packages, with “Best by” dates of 12/2024 and 1/2025.
On top of telling customers who purchased the affected Natierra blueberries to discard them and warning against consumption, BrandStorm said that the lot numbers of the recalled packages are 2021363-1 and 2022026-1, and that they can be found on the bottom right of the pouches.
Around the Globe
- The United Kingdom logged its hottest day ever on record, with temperatures reaching as high as 104.5 degrees Fahrenheit in some parts of the country
- Ukraine’s first lady Olena Zelenska met with U.S. Secretary of State Antony Blinken to kick off a planned series of appearances in Washington, D.C.
- The Chinese government said it would take “forceful measures” against the United States if House Speaker Nancy Pelosi visits Taiwan in August, as the Financial Times reported
On the Homefront
- New details emerged around Sunday’s Indiana mall shooting, with local police issuing a statement showing it took 22-year-old Elisjsha Dicken 15 seconds to neutralize the gunman with a concealed pistol he was lawfully carrying
- President Biden issued an executive order that authorizes measures such as financial sanctions and visa bans on individuals who detain American hostages overseas
- Sixteen members of Congress were arrested while marching toward the Supreme Court during an abortion rights demonstration, per U.S. Capitol Police
Glitz and Games
- A 31-year-old crew member was shot and killed yesterday morning on the set of NBC’s Law & Order: Organized Crime in the Greenpoint neighborhood of Brooklyn
- NASCAR announces it will hold its first-ever street race through Chicago next July to celebrate its 75th season
- Netflix lost almost one million paid subscribers in Q2 and shared its plan to launch its cheaper subscription tier with advertisements in “early 2023,” according to a company letter to shareholders
Money Moves
- Major indexes in the stock market rallied, with the Dow and Nasdaq gaining 752 and 353 points respectively by the end of yesterday’s trading session (Dow +2.42%, Nasdaq +3.11%, S&P 500 +2.75%)
- Amazon sues administrators of over 10,000 Facebook groups that are used to coordinate fake reviews of products across Amazon’s stores in the U.S., U.K., Germany, France, Italy, Spain, and Japan
- TikTok begins laying off staff as part of a global restructuring, according to “people with knowledge of the process”
Tip & Tricks
- Bump This: Get in your feels with Maggie Rogers’ acoustic-driven track “Horses” - listen on Apple Music and Spotify
- Flip Through: David Baldacci’s new novel The 6:20 Man is making us want to pick up a $2,000 suit and go intern on Wall Street (not in this heat wave, though…yikes)
- Nerd Out: Read how robots helped build the world’s longest single-tower suspension bridge in China’s Yunnan province
- Cash Grab: Sotheby’s in New York is auctioning off astronaut Buzz Aldrin’s jacket that he wore during the 1969 moon landing for an expected price of $2 million
- Say What: “I want the class to get to really see how the world has changed in the last 12 years or so, but also how to put that into historical context, through the lens of Harry Styles, and how they can learn from him and his art, activism and philosophy, like any great artist,” Associate Professor of Digital History at Texas State University Louie Dean Valencia said regarding the course he is teaching on Styles during the Spring 2023 semester
- Hot Goss: Chelsea Handler and comedian Jo Koy have ended their relationship on seemingly amicable terms after nearly one year of dating
- Life Hack: Sprinkling some salt in a pan before frying anything helps keep the oil from splattering
Looking Back…
On July 20th: First Special Olympics begins in Chicago (1968); Neil Armstrong and Buzz Aldrin land on the moon (1969); Viking 1 touches down on Mars (1976); journalist Helen Thomas dies (2013).
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