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Your Daily BriefOctober 5th, 2022 |
Good morning, and happy Wednesday! Did you know that almonds are members of the peach family? Almonds are technically the hard-shelled fruit of the almond tree, which is a member of the prunus family that produces fruit such as cherries, plums, peaches, and nectarines. Since they’re related, almonds and fruit in this family can even cause similar allergic reactions! Anyway, while you think about that, here’s what we have for you:
In Today’s Brief
- Russia: Vladimir Putin signs laws finalizing annexation of four Ukrainian regions
- U.S. National Debt: Surpasses $31T for the first time
- Loretta Lynn: Country music singer passes away at age 90
- Amazon: Implementing a corporate hiring freeze for the rest of 2022
- Super Mario Bros: First look poster of new animated movie released
- Top Tips: Elon Musk revives original deal to take Twitter private; Aaron Judge makes American League history with 62 home runs; EU approves a new law requiring all devices to come with USB-C charging ports
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Elon Musk agrees to proceed with Twitter buyout at his original price
Elon Musk is willing to proceed with his acquisition of Twitter at the original offer price of $44B, according to a regulatory filing with the Securities and Exchange Commission.
In a tweet posted yesterday, Twitter Investor Relations said: “We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.” Twitter stock was halted for the first part of the day after Bloomberg broke the news, but resumed trading after noon ET and rose 22% to close at $52.
The Tesla and SpaceX CEO agreed to purchase Twitter in April at $54.20 per share but attempted to back out of the deal, claiming that Twitter wasn't providing sufficient information about the number of fake account bots on its platform. Musk’s latest proposal comes less than two weeks before a trial between the two parties is scheduled to begin in Delaware.
Aaron Judge breaks Roger Maris’ record for single-season home runs
New York Yankees outfielder Aaron Judge hit his 62nd home run of the 2022 season last night, setting the single-season record for the American League.
Judge, 30, hit his 62nd home run off of right-handed pitcher Jesús Tinoco during the first inning in last night’s game against the Texas Rangers, the second of a day-night doubleheader in Arlington, Texas. His feat breaks the previous record of 61 home runs set in the 1961 season by Roger Maris, another New York Yankee. The home run ball landed in the left field seats, and security led the fan who caught it to a safe location where the MLB could authenticate it. It's unclear whether the ball will be turned over to the Yankees and Judge, or something else.
Judge’s 62nd home run marks the most hit in a season since Barry Bonds set his National League record of 73 home runs in 2001 with the San Francisco Giants.
EU approves law that would require Apple to switch iPhone charger
Apple will need to change the charger for iPhones sold in the EU to comply with a new law that requires mobile phones, tablets, and cameras to use the same charging port.
The European Union parliament voted 602-13 to pass the law, which requires all devices sold in the EU to be equipped with USB-C charging ports by fall 2024 and will extend to laptops by spring 2026. While some of Apple’s current tablets and laptops already use USB-C chargers, the law will force Apple to get rid of Lightning ports on iPhones sold in Europe. The measure, which EU member states provisionally agreed to in June, is designed to reduce electronic waste and allow for more sustainable tech purchases in the bloc of nations.
While Apple has said the law would curb innovation and create more electronic waste, the European Commission estimated that a single charger would save about 250M euros ($249M) for consumers.
Around the Globe
- Russian President Vladimir Putin signed laws this morning to complete the formal annexation of the four Ukrainian regions of Donetsk, Luhansk, Kherson, and Zaporizhzhia, per a statement on Telegram from Russia’s lower house of Parliament
- South Korea and the U.S. military conducted missile drills and a U.S. aircraft carrier repositioned east of North Korea after Pyongyang launched an intermediate-range ballistic missile over Japan yesterday for the first time in five years
- At least 25 people lost their lives after a bus carrying over 40 passengers veered off the road and fell into a ravine in northern India, according to local officials; 21 passengers have been rescued so far following an overnight operation led by the state's disaster response force
On the Homefront
- The Biden administration announced a new $625M security assistance package for Ukraine that will include weapons, ammunition, and equipment; it is the first military aid package to Ukraine since Russia claimed annexation of four regions of the country - see the statement from the Department of Defense
- Former President Donald Trump requested that the Supreme Court vacate part of a ruling by the 11th Circuit Court of Appeals which allowed Justice Department investigators to review classified documents the FBI seized at his Mar-a-Lago home without supervision from a special master, according to a court filing - see the filing here
- The United States level of national debt surpassed $31T for the first time this week, according to a report from the Treasury Department released yesterday - see the report here
Glitz & Games
- Country singer Loretta Lynn passed away yesterday at age 90 at her ranch in Hurricane Mills, Tennessee, according to a statement from her family - read about her life and career here
- Chess.com conducted an investigation into 19-year-old Hans Niemann and released a report alleging that the U.S. grandmaster “likely” received illegal assistance in over 100 online games, including contests in which prize money was on the line - see the 72-page report here
- St. Louis Cardinals first baseman Albert Pujols hit the 703rd home run of his career during last night’s game at PNC Park against the Pittsburg Pirates
Business & Markets
- Stocks extended their gains from the start of the week, with the S&P 500 index posting its largest 2-day gain since 2020 (Dow +2.80%, Nasdaq +3.34%, S&P 500 +3.06%)
- Amazon is implementing a hiring freeze on the corporate side of its retail business for the rest of the year, according to a report from the New York Times - see the report here
- Los Angeles-based canned water brand Liquid Death has raised $70M in Series D funding led by Science Ventures which values the company at $700M
Tip & Tricks
- Sneak Peek: Check out this first look poster of the Super Mario Bros. movie produced by Nintendo and Illumination Entertainment that stars Chris Pratt as Mario, Anya Taylor-Joy as Peach, Charlie Day as Luigi, Jack Black as Bowser, Keegan-Michael Key as Toad, and Seth Rogen as Donkey Kong
- Bump This: The Boss is back with the new sing-along ready track “Do I Love You (Indeed I Do)” - listen on Apple Music and Spotify (The Boss is Rock & Roll Hall of Famer Bruce Springsteen, for all you youngsters out there)
- Chow Down: Spice up your first Wednesday night of October with this recipe for vegan sweet potato and peanut curry that will hit the spot with under 400 calories
- Look Up: Take a look at this image of Hurricane Ian’s eye that NASA’s Landsat 8 satellite captured three hours before the storm made landfall in Caya Costa, Florida
- Say What: “The odd thing about Covid is that it gave me the privacy to do what I needed to do. It's unbelievably painful, in innumerable ways, but I had the privacy to get through it,” Melinda French Gates said in an interview with Fortune regarding her divorce from Microsoft co-founder Bill Gates that was finalized last year
- Hot Goss: Gisele Bündchen has reportedly hired a divorce lawyer following months of “tension” between her and husband Tom Brady, according to sources familiar with the matter
- Life Hack: It’s easy to grow dehydrated in cold weather from not drinking enough - check these four hacks to stay hydrated as we move deeper into fall
Looking Back…
On October 5th: Allied forces break through the Hindenburg Line on the Western Front in World War I (1918); the Judiciary Committee of the U.S. House of Representatives recommends impeachment hearings against President Bill Clinton (1998); Apple co-founder and entrepreneur Steve Jobs dies at age 56 (2011); American astronomer Neil deGrasse Tyson is born (1958).
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