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Your Daily BriefAugust 4th, 2022 |
Good morning, and welcome to your Thursday! Today, we’re covering a car crash that killed a Congresswoman, an antitrust lawsuit filed by professional golfers, miners trapped in a coal mine, and more. Here’s what we have for you:
In Today’s Brief
- China: Preparing military drills in the seas around Taiwan following House Speaker Pelosi’s visit to the island
- Kansas: Residents vote against a constitutional amendment that would ban or restrict abortions in the state
- Deshaun Watson: NFL seeking a longer suspension period
- Twitter: Subpoenas firms that backed Elon Musk’s $44 billion bid to acquire the company
- Ronda Rousey: Indefinitely suspended from the WWE
- Top Tips: U.S. Rep Jackie Walorski killed in a car crash along with two of her aides, Senate votes to add Finland and Sweden to NATO, Phil Mickelson and ten other LIV golfers file antitrust lawsuit against the PGA Tour
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Representative Jackie Walorski of Indiana killed in a car crash
Congresswoman Jackie Walorski of Indiana was killed in a head-on vehicle collision in her district yesterday, along with two of her aides. She was 58.
According to the Elkhart County Sheriff's Office, Walorski's communications director Emma Thomson, 27, and district director Zachery Potts, 28, were the aides who died. The driver of the car that collided with Walorski’s car was also killed in the crash. Upon hearing of Walorski’s passing, former Vice President Mike Pence–another Indiana native–tweeted that he was “heartbroken,” adding that Walorski “served Indiana in the Statehouse and the Congress with integrity and principle for nearly two decades and will be deeply missed.”
Born in South Bend, Indiana, Walorski was elected to Congress in 2012. Before she served as a Congresswoman, she served three terms in the Indiana Statehouse, did missionary work in Romania, and spent time as a television news reporter and development director in the education space.
U.S. Senate approves adding Finland and Sweden to NATO
The U.S. Senate voted 95 to 1 to ratify Finland and Sweden’s applications to join the North Atlantic Treaty Organization, or NATO.
Before the vote, Senate Minority Leader Mitch McConnell said, “If any senator is looking for a defensible excuse to vote no, I wish him good luck. This is a slam dunk for national security that deserves unanimous bipartisan support.” Senator Josh Hawley of Missouri was the only senator to cast a “no” vote. With the Senate’s ratification, the Biden administration is expected to formally submit the United States’ approval for Finland and Sweden to join the alliance.
Finland and Sweden had withheld from joining NATO for decades in a bid to retain neutrality, but reversed their stance following Russia’s invasion of Ukraine in February. In order for the two Nordic countries to formally be accepted into the alliance, the other 29 member countries must also approve their applications.
11 LIV golfers file an antitrust lawsuit against the PGA Tour
A group of 11 golfers including Phil Mickelson and Bryson DeChambeau has filed an antitrust lawsuit against the PGA Tour with the aim of lifting suspensions levied against them after joining the Saudi Arabian-backed LIV Golf Series.
Filed in Northern California, the suit alleges that the PGA Tour engaged in antitrust practices by suspending the LIV players. Per the lawsuit, the golfers seek to have those suspensions overturned and their playing privileges in the PGA Tour reinstated. In addition, Taylor Gooch, Hudson Swafford, and Matt Jones–3 of the 11 individuals who filed–have also petitioned the court to issue a temporary restraining order allowing them to participate in next week’s FedEx Cup Playoffs.
In response to the lawsuit, PGA Tour Commissioner Jay Monahan issued a memo in which he wrote that the 11 LIV golfers are “trying to use lawyers to force their way into competition alongside our members in good standing,” adding that the PGA Tour “will continue to defend the members who abide by the regulations written by and for the players.”
Around the Globe
- The Netherlands declared a water shortage due to drought and enacted measures such as banning farmers from spraying their crops with surface water
- China has begun preparing for military exercises in the seas around Taiwan following U.S. House Speaker Nancy Pelosi’s Visit to the island this week; the drills are set to begin tomorrow
- Mexican President Andres Manuel Lopez Obrador said that nine miners are “likely” trapped in a coal mine in the state of Coahuila after it collapsed yesterday
On the Homefront
- Walmart, the largest employer in the U.S. with roughly 1.6 million workers, confirmed that it has begun laying off corporate employees after revising its profit outlook last week
- President Biden signed an executive order that will allow for Medicaid to pay for abortion services for people traveling to states where it is still legal following the Supreme Court’s overturning of the 1973 Roe v. Wade decision
- In the state’s primary elections, Kansas residents voted 59% to 41% against a proposed constitutional amendment that would let the state’s legislature either ban or restrict abortion
Glitz and Games
- Two-time UFC champion Connor McGregor is set to make his film acting debut alongside Jake Gyllenhaal in the upcoming film Road House, to be released on Prime Video
- Warner Brothers has given Joker: Folie A Deux, the sequel to 2019’s Joker, a release date of October 4, 2024
- The National Football League announced that it will appeal Deshaun Watson’s six-game suspension for violating the league’s personal-conduct policy with the intent of subjecting the Cleveland Browns quarterback to a longer suspension period
Money Moves
- Stocks rose steadily throughout the day, with the Nasdaq reaching its highest point in three months (Dow +1.29%, Nasdaq +2.59%, S&P 500 +1.56%)
- Twitter Inc. has subpoenaed Binance, Factorial Funds, Benefit Street, Bandera Partners, Founders Fund Growth II Management, and other firms that backed Elon Musk’s $44 billion bid to acquire the company
- Shares of electric-vehicle maker Lucid Group (NASDAQ: LCID) fell over 12% in after-hours trading after the company announced a reduction in its 2022 production outlook during its Q2 earnings call
Tips & Tricks
- Bump This: The new track “American Psycho” from Marshmello, Mae Muller, and Trippie Redd is such an earworm - listen on Apple Music and Spotify
- Cash Grab: Read about this Hong Kong-based fintech company AMTD Digital whose stock price has risen over 21,000% since it went public in mid-July (does anybody out there have a time machine and a few extra bucks?)
- Go Deep: Learn the story of 39-year-old Michael Malekzadeh, a man accused of running a multi-million dollar Ponzi scheme through peddling rare sneakers online
- Give Back: Singer Bad Bunny has teamed up with Cheetos for the third consecutive year to pledge a total of $500,000 in scholarships to 20 different Latinx TikTokers who are making a positive impact in their community
- Say What: "The last few years have been a blur of emotions to say the least, but joy has filled our home and hearts again. 1 billion shots later (in the leg lately, as u can see!) we have another on the way,” Chrissy Teigen said in an Instagram post when revealing that she and husband John Legend are expecting a third child together
- Hot Goss: Ronda Rousey has been indefinitely suspended from the WWE after attacking a referee at SummerSlam in Nashville, Tennessee over the weekend (we wouldn't want to be that guy)
- Life Hack: Sitting two-thirds of the way back and as close to the middle in a movie theater is where you’ll get the best sound; this is where audio engineers sit when they do a movie’s final mix
Looking Back…
On August 4th: Anne Frank is arrested in Amsterdam by German Security Police (1944); Britain takes control of Gibraltar after Spain surrenders during the War of the Spanish Succession (1704); U.S. Government collects its first income tax (1862); President Barack Obama is born (1960).
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