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Your Daily BriefSeptember 2nd, 2022 |
Good morning, and happy Friday! Did you know that there are more trees on Earth than there are stars in the Milky Way? Learning that certainly makes us appreciate just how amazing our planet is and how small we are in comparison.
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In Today’s Brief
- China: Chengdu under lockdown after Covid-19 outbreak
- New York City: Phasing out MetroCard machines by 2023
- SNL: Losing three more cast members going into 48th season
- Starbucks: Names Laxman Narasimhan as new CEO
- Lord of the Rings: Rings of Power debuts on Prime Video
- Top Tips: Twitter begins testing a feature that allows for editing tweets; House Oversight Committee reaches agreement to obtain former President Trump’s financial records; Russell Wilson signs a five-year contract extension with Broncos
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Twitter debuts feature allowing users to edit tweets after they are published
Twitter announced yesterday that it is testing a new “edit” button that allows users to edit their tweets after they publish them.
In a blog post, Twitter said that the ability to edit tweets is their most-requested feature, and that the test will be expanded to users who subscribe to Twitter Blue–the company’s paid subscription tier–in the coming weeks. Twitter said users will be able to edit tweets a few times in the 30 minutes after publication and that the platform will display past versions of edited tweets, adding that these measures will “help protect the integrity of the conversation and create a publicly accessible record of what was said.”
Twitter has experimented with tweet-altering features before. Twitter Blue subscribers currently have access to a feature that holds tweets for up to one minute after posting them, allowing them to review and "undo" tweets before they become published.
House Committee reaches agreement to obtain former President Trump’s financial records
The House Committee on Oversight and Reform has reached an agreement with former President Donald Trump and his ex-accounting firm, Mazars USA, to obtain his financial records.
In a statement released yesterday, Chairwoman Carolyn B. Maloney said the Committee issued a subpoena for the former President’s financial records in 2019 as part of its “investigation into President Trump’s unprecedented conflicts of interest, self-dealing, and foreign financial ties.” Maloney added that the records “will inform the Committee’s efforts to get to the bottom of former President Trump’s egregious conduct and ensure that future presidents do not abuse their position of power for personal gain.”
As part of the agreement, the Committee said Trump agreed to not appeal a July ruling that authorized the House panel to obtain the documents, and said Mazars also “agreed to comply with the court's order and produce responsive documents to the Committee as expeditiously as possible.”
Russell Wilson signs a $245M contract extension with Denver Broncos
The Denver Broncos have agreed to a five-year, $245M contract extension with quarterback Russell Wilson that includes $165M in guaranteed money and runs through the 2028 season.
When taking into account Wilson’s current agreement with the Broncos, he is set to earn a total of $296M over the next seven seasons. The extension pays the 33-year-old quarterback–who has two years remaining on his previous deal signed with the Seattle Seahawks–an average salary of $49M. The Denver Broncos confirmed the agreement after reports surfaced, though failed to disclose the amount of money involved.
In terms of Wilson’s guaranteed payout, the deal marks the third-most lucrative contract in the history of the National Football League, behind Cleveland Browns quarterback Deshaun Watson's and Arizona Cardinals quarterback Kyler Murray's deals.
Around the Globe
- Ravil Maganov, chairman of Russia's second-largest oil producer Lukoil, died after falling from a hospital window in Moscow, according to sources familiar with the matter; Maganov is the eighth Russian energy executive to die this year (see the names of the seven other executives here)
- The city of Chengdu, China has been placed under lockdown after officials recorded 157 new Covid-19 infections yesterday, including 51 asymptomatic cases
- Russia and China have begun military drills in seven firing ranges in Russia’s far east and the Sea of Japan involving allied nations of India, Laos, Mongolia, Nicaragua, and Syria
On the Homefront
- Bank of America has launched its new Community Affordable Loan Solution program that will offer mortgages to certain markets in Charlotte, NC, Dallas, TX, Detroit, MI, Los Angeles, CA, and Miami, FL
- NASA has awarded SpaceX a contract for five more International Space Station launches; the company will now handle 14 missions to bring astronauts and cargo to the ISS under NASA's Commercial Crew program
- New York City will phase out its MetroCard machines that were introduced to the city’s subway system in 1999 by next year, according to a case study by OMNY’s manufacturer Cubic Transportation Systems
Glitz & Games
- Alex Moffat, Melissa Villaseñor, and Aristotle Athari will depart the cast of NBC’s Saturday Night Live before the show’s upcoming 48th season
- The Cleveland Cavaliers have acquired three-time All-Star shooting guard Donovan Mitchell in a trade with the Utah Jazz in exchange for Lauri Markkanen, Ochai Agbaji, Collin Sexton, three unprotected first-round picks (2025, 2027, and 2029), and two pick swaps (2026 and 2028)
- Brendan Gleeson has been added to the cast of the upcoming Joker sequel Joker: Folie à Deux for Warner Bros. and DC Films
Business & Markets
- Major indexes in the stock market ended mixed, with the Dow rebounding from a 290-point drop to turn positive (Dow +0.46%, Nasdaq -0.26%, S&P 500 +0.30%)
- Investors withdrew $803M from Cathie Wood’s flagship Ark Innovation ETF in August, marking the fund’s largest monthly outflow since September 2021
- Starbucks has named Laxman Narasimhan as its new Chief Executive Officer; Narasimhan will join the company in October before assuming the CEO role in April 2023
Tip & Tricks
- Binge Watch: There is now one show to rule them all (or not) - check out The Lord of the Rings: The Rings of Power on Prime Video and let us know if you think it’s worth the billion-dollar budget
- Bump This: We’re a bit late to the party, but we’ve got the Britney Spears and Elton John duet “Hold Me Closer” playing on repeat - listen on Apple Music and Spotify
- Cash Grab: Want to trade in your car for an airplane? You can preorder the Axe, a two-seat personal electric-hybrid aircraft from London-based start-up SkyFly
- Chow Down: If you really want to kick things up a notch this weekend, check out this recipe for steak eggs benedict that will change the way you view breakfast forever
- Say What: “Everyone who watched Rogue One thinks they have the answer. So we’re going to challenge that, and we’re going to come to you and say, ‘No, listen, things were not the way you imagined. They were this way. This had to happen for someone to become the person you know,’” actor Diego Luna said regarding reprising his role as Cassian Andor in the upcoming Star Wars series Andor on Disney+
- Hot Goss: Real estate agent and reality TV personality Chrishell Stouse has spoken out against one of her co-stars in the upcoming sixth season of Netflix’s Selling Sunset in a series of Instagram stories, calling them “fake” with a “thirst for camera time”
- Life Hack: If a bird ever flies into your house, turning off all the lights and opening a door or window to the outside where there is visible light will help it find the way out
Looking Back…
On September 2nd: The Great Fire of London begins accidentally in the house of the king's baker, going on to destroy about 15% of the city’s housing (1666); Ho Chi Minh declares Vietnam independent from France (1945); English writer J.R.R. Tolkien dies at age 81 (1973); actress Salma Hayek is born (1966).
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