Your Daily Brief

September 8th, 2022

Good morning, and happy Thursday! Did you know that you wouldn’t be able to taste your food without saliva? Saliva dissolves food, which allows the receptors in our taste buds to detect food molecules…which may be something interesting to think about next time you take a bite of something delicious. Or maybe not! Anyway, here’s what we have for you:

In Today’s Brief

  • Canada: Second suspect in stabbing attacks taken into custody
  • New York: Ends mask mandate for public transit after 28 months
  • Grey’s Anatomy: Kate Walsh to return as Dr. Addison Montgomery
  • GameStop: Partnering with crypto exchange FTX
  • Angelina Jolie: Suing ex-husband Brad Pitt for $250M over French estate
  • Top Tips: Movie theater chain Cineworld files for Chapter 11 in the United States; Apple introduces new iPhone 14 models; President Joe Biden and First Lady Jill Biden unveil White House portraits of Barack and Michelle Obama
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Regal Cinemas parent company Cineworld files for Chapter 11

Cineworld, the world’s second-largest movie theater chain, has filed for bankruptcy protection in the U.S. to restructure its debt and stay in business.

To support its restructuring plan, Cineworld secured $1.94B in loans known as debtor-in-possession financing. When announcing the restructuring, Cineworld CEO Mooky Greidinger said: “The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and huge disruption to film schedules that has led us to this point. This latest process is part of our ongoing efforts to strengthen our financial position and is in pursuit of a de-leveraging that will create a more resilient capital structure and effective business."

Cineworld filed the Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas. The company, which owns Regal Cinemas, operates over 9,000 screens in 10 countries and employs around 28,000 people worldwide.

Apple introduces the new iPhone 14 models & Apple Watch Series 8

At its Far Out launch event, Apple announced the new iPhone 14 series and its four models: iPhone 14, iPhone 14 Plus, iPhone 14 Pro, and iPhone 14 Pro Max.

According to a press release, the iPhone 14 Plus model “boasts the best battery life ever in an iPhone.” While all four of the models come in 6.1- and 6.7-inch display options, the iPhone 14 Pro and the Pro Max come with Apple’s A16 Bionic chip and will feature a “pill-shaped cutout” on the screen that will house the Face ID components and a second circular cutout for the front-facing camera.

The company also revealed the Apple Watch Series 8 and SE, which contain body temperature-sensing capabilities for tracking menstrual cycles and receiving ovulation estimates, as well as the capability to detect whether a car crash has taken place (a feature also housed in the new iPhone 14).

Official portraits of Barack and Michelle Obama unveiled at the White House

During a ceremony at the White House yesterday, President Biden and First Lady Jill Biden unveiled the official portraits of former President Barack Obama and former First Lady Michelle Obama.

Artist Robert McCurdy was commissioned for the president’s portrait, and Sharon Sprung was commissioned for the first lady’s. In a speech he gave during the ceremony, former President Obama said, "When future generations walk these halls and look up at these portraits, I hope they get a better honest sense of who Michelle and I were. And I hope they leave with a deeper understanding that if we could make it here, maybe they can, too. They can do remarkable things, too.”

Since a portrait ceremony didn’t take place when former President Trump was in office, the event marks the first time in 10 years that a sitting president has invited former leadership back for the revealing of the portraits.

Around the Globe

  • Canadian police captured Myles Sanderson and took him into custody after a four-day manhunt; Sanderson is the second suspect in stabbing attacks that left 10 people dead and 18 others injured in the country’s Saskatchewan province over the weekend
  • A 31,000-year-old skeleton found in a cave in Indonesia that is missing its left foot and part of its left leg has revealed the oldest known evidence of amputation, according to a study published yesterday
  • Albania severed diplomatic relations with Iran after a cyberattack in July it blamed on the Islamic Republic and ordered Iranian diplomats and embassy staff to leave the country within 24 hours

On the Homefront

  • A Delaware court ruled that Elon Musk can introduce claims from Twitter whistleblower Peiter “Mudge” Zatko in his countersuit against the company and denied his request to delay the October trial over his attempt to back out of his $44B acquisition offer
  • New York Governor Cathy Hochul announced that the state is ending a 28-month-old mandate requiring face masks on trains and in public transit; masks will still be mandated in healthcare settings
  • Former Trump White House adviser Steve Bannon will face charges in New York alleging that he defrauded donors to the nonprofit group We Build the Wall to construct a wall on the border between the U.S. and Mexico

Glitz & Games

  • Anna Kendrick will direct and star in the film The Dating Game based on the story of Cheryl Bradshaw, a contestant on a 70s matchmaking TV show, and her interaction with fellow contestant Rodney Alcala, who was later convicted of murdering multiple women
  • The Buffalo Bills have signed a four-year contract extension with tight end Dawson Knox in an agreement worth $53.6M that includes a $31M guarantee, according to sources familiar with the deal
  • Kate Walsh will reprise her role as Dr. Addison Montgomery in the 19th season of Grey’s Anatomy; Walsh returned to the series as a recurring cast member last year after playing Montgomery in the series spinoff Private Practice from 2007-2013

Business & Markets

  • Major indexes in the stock market closed higher with the tech-heavy Nasdaq leading the gains (Dow +1.40%, Nasdaq +2.14%, S&P 500 +1.83%)
  • GameStop Corp. (NYSE: GME) said during its quarterly earnings call that its Q2 losses widened to $108.7M compared with $61.6M in 2021 and disclosed a partnership with cryptocurrency exchange FTX; shares rose by as much as 10% in after-hours trading
  • The price of U.S. West Texas Intermediate crude oil settled at $81.94 per barrel, reaching its lowest level since January this year

Tip & Tricks

  • Bump This: Get your blood pumping with the uptempo synth-pop track “Tissues” by YUNGBLUD - listen on Apple Music and Spotify
  • Chow Down: Check out this recipe for vegan all-purpose coconut curry that’s guaranteed to taste just as great as leftovers as it does on the day you make it
  • Nerd Out: Learn more about how scientists at the University of Tokyo have discovered that tardigrades can survive without water for decades (a most impressive feat, considering our editorial team can’t survive without water–or coffee–for more than an hour or two)
  • Trip Out: Read up on a resolution that San Francisco unanimously passed this week that decriminalizes plant-based psychedelics such as shrooms, ayahuasca, and peyote
  • Say What: “There’s room for everyone. I just wanted to say that, because I don’t like how people pit us against each other. I want to be sure that everyone knows that we are supportive of each other. We are all so different, and daytime is an amazing platform for all of us to bring something positive into the world,” Kelly Clarkson said in an interview with Variety regarding her experience hosting a daytime talk show
  • Hot Goss: Angelina Jolie’s company Nouvel has filed a $250M lawsuit against her ex-husband Brad Pitt, alleging that he seized control of their 1300-acre French estate they bought together in 2008 as retaliation over their divorce (yikes)
  • Life Hack: If you compost your food scraps (or hand them off to a friend or service to compost for you), you can prevent any smelling or decomposition by putting them in a plastic bag and freezing them until you're ready to get them directly into the compost

Looking Back…

On September 8th: Michelangelo's sculpture David is unveiled in the Piazza della Signoria in Florence, Italy (1504); the first episode of Star Trek premieres on television (1966); Stephen Colbert debuts as the host of the Late Show, replacing David Letterman (2015); United States senator Bernie Sanders is born (1941).

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