Your Daily Brief

September 9th, 2022

Good morning, and happy Friday! Did you know that New York City has its own species of ant that you won’t find anywhere else? Biologists discovered a new ant species in Manhattan that they dubbed the ManhattAnt, and apparently their bodies contain a higher concentration of carbon linked to a high corn-syrup diet. Fuhgeddaboudit! Anyway, here’s what we have for you:

In Today’s Brief

  • Ukraine: Has struck over 400 Russian targets with U.S.-supplied HIMARS rockets
  • DOJ: Appealing judge’s ruling to appoint a special master to review Mar-a-Lago documents
  • The Crown: Pausing production in tribute to Queen Elizabeth II
  • Docusign: Shares rise 18% in extended trading after Q2 earnings beat
  • Alberta: Researchers discover a dinosaur skeleton with patches of skin still intact
  • Top Tips: Queen Elizabeth II passes away at age 93 in Scotland; Steve Bannon surrenders in New York to face federal charges; European Central Bank lifts key interest rate by a record amount
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Queen Elizabeth II dies after being placed under medical supervision

Queen Elizabeth II has died after being placed under medical supervision at her Scottish estate of Balmoral, according to the royal family.

The Queen was the longest-reigning monarch in British history, holding the throne for a total of 70 years and seven months. Prior to her passing, officials reported that the 96-year-old monarch’s eldest son Prince Charles and his wife Camilla traveled to Balmoral with Prince William and that the Queen’s other children–Anne, Andrew, and Edward–were at the estate. Prince Harry had traveled to Scotland along with his wife Meghan, as well. Following her passing, Charles becomes King of England, and will henceforth be known as King Charles III.

The Queen’s death comes two days after she formally appointed Liz Truss as the country’s Prime Minister at Balmoral, the first time in her 70-year reign that she had performed the ceremonial duty anywhere but at London’s Buckingham Palace.

Steve Bannon surrenders to New York state prosecutors

Former Trump White House strategist Steve Bannon surrendered to New York prosecutors yesterday to face state fraud charges related to the "We Build the Wall" fundraiser.

Bannon, 68, reportedly arrived around 9 AM local time at the Manhattan district attorney’s office, which confirmed his pending indictment. The former Trump White House chief strategist is facing state charges that he defrauded donors to a group aimed at building a wall along the U.S.-Mexico border, alleging that he and others skimmed a portion of the $25M that was raised for personal use.

The new indictment against Bannon comes two years after he was arrested on federal charges for the same alleged scheme. Bannon previously pled not guilty to the charges, and former President Donald Trump pardoned him on his last day in office in 2021–though presidential pardons apply only to federal and not state charges.

European Central Bank raises interest rates by 75 basis points

The European Central Bank announced an interest rate hike yesterday of 75 basis points, lifting its benchmark deposit rate to 0.75% from 0.00%.

In a statement, the ECB said the increase is an attempt to “dampen demand and guard against the risk of a persistent upward shift in inflation expectations.” In the same press release, the bank also said would keep hiking rates “over the next several meetings” since inflation in the 19-nation Eurozone–which reached 9.1% in August–“remains far too high and is likely to stay above our target for an extended period.”

Yesterday’s rate hike marks the second time the ECB has raised rates this year, following a 0.50% increase in July–the first time the bank had raised rates since 2019. The 75-basis-point increase is the largest in the history of the ECB, as it hadn’t raised its benchmark deposit lending rate by 0.75% since the euro launched in 1999.

Around the Globe

  • Ukraine has struck over 400 Russian targets with HIMARS rocket systems the country has received from the United States, according to a statement from Chairman of the U.S. Joint Chiefs of Staff General Mark Milley
  • A noodle vendor in Vietnam was arrested for anti-state propaganda after posting a video of himself preparing and seasoning a bowl of noodles in a similar fashion to Turkish celebrity chef Nusret Gökçe aka “Salt Bae”
  • Syrian government airstrikes over the country’s northwestern Idlib province claimed the lives of seven civilians and wounded at least 12, according to activists and first responders

On the Homefront

  • A 19-year-old suspect was placed under arrest early yesterday morning after shootings took place across the city of Memphis that left four people dead in a series of separate attacks, according to Memphis Police
  • The Department of Justice filed a motion to appeal a federal judge’s ruling to appoint a special master to review documents that the FBI seized from former President Trump’s Mar-a-Lago estate
  • The Food and Drug Administration issued a safety notice that it has received 10 reports about squamous cell carcinoma and 12 reports about various lymphomas found in the scar tissue that forms around breast implants; see the FDA’s notice here

Glitz & Games

  • Netflix’s The Crown will pause production of its sixth and final season “out of respect” to the late Queen Elizabeth II, according to series creator Peter Morgan
  • The DP World Tour announced that the BMW PGA Championship at Wentworth was suspended yesterday and today due to the passing of Queen Elizabeth II
  • Blonde–the Marilyn Monroe biopic from Andrew Dominik starring Ana de Armas–received an 11-minute long standing ovation after its premiere at the Venice Film Festival

Business & Markets

  • Major indexes in the stock market turned upward to end in the green after starting yesterday’s trading session with losses (Dow +0.61%, Nasdaq +0.60%, S&P 500 +0.66%)
  • Docusign (NASDAQ: DOCU) reported during its quarterly earnings call that revenue increased by 22% from the year before to $622.2M; shares rose by as much as 18% in after-hours trading
  • A U.S. appeals court ruled 3-0 in favor of Citigroup Inc in the bank’s effort to recoup about $500M of its own money that it wired to Revlon Inc lenders by mistake in August 2020

Tip & Tricks

  • Bump This: Acoustic guitar has never sounded so sweet as it does in the new song “I’m In Love With You” from The 1975 - listen on Apple Music and Spotify
  • Chow Down: If you’re on the health tip right now (see what we did there?), check out this recipe for anti-inflammatory blueberry bread that requires just five ingredients
  • Nerd Out: Check out this skeleton of a hadrosaur that a team of researchers in Alberta, Canada called a “dinosaur mummy” because they found it had patches of its skin still intact after 76 million years (talk about aging gracefully–we’ll keep you posted on its skincare routine)
  • Go Deep: Read through this study published in the journal Annals of Internal Medicine in which researchers found that drinking two or more cups of black tea a day was associated with longevity-boosting benefits
  • Say What: “This is our tenth show at Madison Square Garden. It’s wonderful, wonderful, wonderful to be back in New York. I just popped very quickly to Venice to spit on Chris Pine. But fret not, we’re back!” Harry Styles said during a concert regarding rumors that arose around the premiere of Don’t Worry Darling at the Venice Film Festival
  • Hot Goss: Singer Ricky Martin has filed a $30M lawsuit against his nephew Dennis Yadiel Sánchez Martin, who accused the singer of sexual abuse, accusing him in turn of extortion (we bet that’s going to be an awkward Thanksgiving dinner in a couple of months)
  • Life Hack: Next time you’re in the mood for cookies, try baking them in a muffin tray - they’ll be softer, fluffier, and will never spread into each other

Looking Back…

On September 9th: Congress formally changes the name of the country from the United Colonies to the United States of America (1776); Elvis Presley makes his first appearance on the Ed Sullivan Show (1956); Chairman of the Chinese Communist Party Mao Zedong dies (1976); comedian and actor Adam Sandler is born (1966).

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