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Your Daily BriefJuly 26th, 2022 |
Good morning, and happy Tuesday! Yesterday was a big day for news, from wildfires to the comeback of gold coins…so while you get your day started, here’s what we have for you:
In Today’s Brief
- Zimbabwe: Starts selling gold coins as legal tender to fight inflation
- T-Mobile: Paying $350 million to customers affected by a data breach
- Paul Sorvino: Actor dies at 83
- Mega Millions: Jackpot prize rises to $810 million
- Nick Cannon: Welcomes his eighth child
- Top Tips: Oak Fire in California is now 10% contained, Russian-owned Gazprom announces further gas supply cut to the European Union, NFL launches exclusive streaming service NFL+
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Firefighters continue battling the Oak Fire near Yosemite National Park
While the Oak Fire has forced thousands to evacuate and has grown into California’s biggest wildfire this year, firefighters have slowed down its spread.
According to an incident report from Cal Fire released early yesterday morning, firefighters “made good headway” against the blaze, and fire activity “was not as extreme as it has been in previous days” after igniting on Friday of last week. However, officials report that smoke from the blaze has drifted over 200 miles to reach Lake Tahoe, parts of Nevada, and the San Francisco Bay Area. Thousands of residents in nearby mountain communities still remain under evacuation orders, and the cause of the fire is still under investigation.
As of yesterday evening, Cal Fire reported that the fire was 10% contained and had burned 16,791 acres.
Russian gas company Gazprom announces further gas supply cuts to the EU
Russian-owned gas company Gazprom announced yesterday that it plans to reduce gas supplies sent to the EU through the Nord Stream pipeline to 20% of its capacity.
Gazprom explained that technical issues on one of the final two operating turbines were the reason behind the supply cut, though Germany–the country that receives imports from the Nord Stream pipeline–maintained that it saw no technical reason for it. As Europe faces inflation exacerbated by rising energy costs, EU leaders expect Russia’s planned supply cut to complicate efforts to replenish gas stores before winter in countries like Germany, which last week engaged in a 15 billion-euro bailout to Uniper, the biggest company in the country importing gas from Russia.
The Nord Stream pipeline currently sends gas supplies to the EU at 40% capacity, and according to Gazprom, the reduction to 20% is expected to take effect tomorrow at 04:00 GMT.
National Football League launches streaming service NFL+
The National Football League’s exclusive streaming service NFL+ officially launched yesterday with a subscription price of $4.99 per month, or $39.99 per year.
According to a press release, an NFL+ subscription includes live local and primetime games on mobile and tablet devices, live out-of-market preseason games across all devices, live game audio for every game of the season, and ad-free NFL library programming on demand. NFL+ marks the first time the NFL will operate its own exclusive streaming service; two other professional sports organizations–Major League Baseball and the National Basketball Association–currently offer subscriptions to their own streaming services that include out-of-market games.
When the NFL announced the official launch of NFL+, Commissioner Roger Goodell said, “The passionate and dedicated football fans are the lifeblood of the NFL, and being able to reach and interact with them across multiple platforms is incredibly important to us.”
Around the Globe
- Chinese-owned Global Times published data that shows the country’s population growth has slowed down and is expected to shrink before 2025
- Three were killed and two others were injured in the Canadian town of Langley when a suspect believed to have been targeting homeless people opened fire in the downtown area, per local police; the gunman was the third individual killed on the scene
- Zimbabwe’s central bank announced that it has debuted gold coins to be sold to the public as legal tender to fight inflation; the Reserve Bank of Zimbabwe disbursed 2,000 coins to commercial banks throughout the country yesterday
On the Homefront
- Cellular provider T-Mobile will pay out $350 million to customers as part of a settlement for a class-action lawsuit over a data breach that occurred early last year
- A shootout at Peck Park in the San Pedro neighborhood of Los Angeles over the weekend left two men dead and six others wounded, according to local authorities
- Former U.S. Congressman Stephen Buyer was charged with insider trading that resulted in illegal profits of $350,000 from the $26.5 billion merger of T-Mobile and Sprint announced in 2018
Glitz and Games
- Actor Paul Sorvino, known for his work in Goodfellas, Law & Order, The Firm, and Nixon, has died at age 83
- WWE discloses $14.6 million in previously unrecorded expenses paid by former Chairman and CEO Vince McMahon, who last week announced his retirement amid investigations of sexual misconduct
- Cable network TBS canceled the weekly late-night series Full Frontal with Samantha Bee after seven seasons
Money Moves
- Major indexes in the stock market were mixed, with the Dow and S&P 500 ending in the green and the Nasdaq closing below opening levels (Dow +0.28%, Nasdaq -0.43%, S&P 500 +0.13%)
- Weber Inc. stock (NYSE: WEBR) fell almost 20% in pre-market trading and closed down -12.65% as the grill maker announced that it replaced CEO Chris Scherzinger, suspended its dividend, and withdrew its fiscal 2022 net sales and earnings forecasts
- The Mega Millions jackpot prize rose ahead of Tuesday night’s drawing to $810 million, becoming the fourth-largest lottery jackpot ever
Tip & Tricks
- Binge Watch: We watched almost the whole first episode of American Horror Stories season 2 that dropped last week on Hulu through our fingers
- Bump This: Can SZA do anything wrong? Listen to her new track “Persuasive” with Doechii on Apple Music and Spotify
- Nerd Out: Check out these floating solar panels that will be installed as part of a renewable energy pilot program in the North Sea off the coast of Ostend, Belgium
- Jaw Drop: Read about a Pennsylvania man who died in the hospital after his pet boa constrictor wrapped itself around his neck and cut off oxygen to his brain
- Say What: “For us as a cast, having lost our king, Chadwick Boseman, that was a lot to process, and in many ways, we're still processing it. When you lose someone, I don't know when you stop missing them. And of course, we felt it so much, making this film without him,” actress Lupita Nyong’o said in an interview with The Hollywood Reporter when asked about filming the upcoming Marvel film Black Panther: Wakanda Forever
- Hot Goss: Nick Cannon has welcomed a child with model Bre Tiesi, their first together and his eighth overall
- Life Hack: Being in a green setting or simply looking at the color green helps stimulate creativity (yes, plants count)
Looking Back…
On July 26th: The United States Postal Service is established by the Second Continental Congress (1775); President George H.W. Bush signs the Americans with Disabilities Act into law (1990); Hilary Clinton is officially nominated for president at the Democratic National Convention (2016); Sandra Bullock is born (1964).
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