Your Daily Brief

November 17th, 2022

Good morning, and welcome to your Thursday! It’s a good thing you’re reading this newsletter and not listening to it, because apparently, more than 1B young people are at risk of hearing loss from listening to music too loudly in headphones. Better soak up your favorite tunes while the gettin’s good!

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In Today’s Brief

  • Croatia: Fastest electric car in the world
  • Karen Bass: First female mayor of Los Angeles
  • Genesis: Suspends all crypto withdrawals

    ...and more

Polish president says missile that killed two citizens likely came from Ukraine

NATO member Poland and the head of the military alliance said that a missile that left two Polish citizens dead on Tuesday was likely launched by Ukrainian air defenses and not Russia.

At a press conference, Polish President Andrzej Duda said, “Ukraine’s defense was launching their missiles in various directions and it is highly probable that one of these missiles unfortunately fell on Polish territory.” Duda said the launch did not appear to be intentional, adding, “There is nothing…to suggest that it was an intentional attack on Poland.” NATO Secretary-General Jens Stoltenberg corroborated that the missile was “likely” to have been launched by Ukrainian air defenses, but said that “Russia bears ultimate responsibility.”

Moscow fired Tuesday’s missiles on Ukraine days after abandoning the southern city of Kherson, the only regional capital it had captured since Russia invaded the country in February as part of what Russian President Vladimir Putin continues to describe as a “special military operation.”

Yale and Harvard law schools pull out of U.S. News college rankings

Yale Law School and Harvard Law School both said yesterday that they will no longer participate in U.S. News & World Report’s annual ranking of law schools.

In a blog post, Yale Law School Dean Heather K. Gerken said the rankings “discourage law schools from admitting and providing aid to students with enormous promise who may come from modest means.” Hours later, Harvard Law Dean John Manning informed students that it would echo Yale’s decision. Following their departures, executive chairman and CEO of U.S. News & World Report, Eric Gertler, said the company “will continue to fulfill our journalistic mission of ensuring that students can rely on the best and most accurate information” when researching law schools, and added, “that mission does not change with this recent announcement.”

Since U.S. News began ranking law schools in 1990, Yale has captured the No. 1 spot every year, including 2022. Harvard Law School is currently ranked No. 4.

Republican Party secures majority in House of Representatives

The Republican Party has secured the 218th seat needed to ensure a majority in the House of Representatives, ending two years of Democratic control in Congress.

As votes in some races are still being counted, the exact scope of Republicans’ majority in the House may not be clear for several more days or weeks. While the Democratic Party ensured majority control in the Senate after Election Day on November 8th, the fact that Republicans passed the threshold of 218 House seats means that Congress will be divided between party lines at least until the next midterm elections in 2024.

The results come one day after House Minority Leader Kevin McCarthy won the Republican nomination to replace Nancy Pelosi as the next Speaker of the House, and one day after former President Donald Trump announced he is running for president of the United States in 2024.

Around the Globe

  • Speaking during a news briefing, United States Secretary of Defense Lloyd Austin said that U.S.-provided NASAMS air defense systems have had a 100% success rate intercepting Russian missiles in Ukraine
  • Croatian electric-vehicle maker Rimac Automobil’s 1,914 horsepower Rimac Nevera supercar–which is priced at over $2M–has claimed the top speed record for electric production cars at 256 mph, or roughly one-third the speed of sound
  • Over 400 Russian officials who are believed to be spies have been expelled from countries around the world since the invasion of Ukraine in February, according to remarks from the Director General of MI5 in the UK, Kenneth McCallum

On the Homefront

  • Congresswoman Karen Bass was elected as mayor of Los Angeles yesterday, becoming the first woman ever elected as mayor of the city
  • Republican Senator Mitch McConnell was re-elected as the Senate Minority Leader, fending off a challenge from Senator Rick Scott in a final vote of 37-10 that saw one senator abstain
  • The Senate voted 62 to 37 to advance legislation that would safeguard federal recognition of same-sex marriage; all 50 Democratic Senators as well as 12 Republicans voted to start debate on the bill

Glitz & Games

  • Former Tonight Show host Jay Leno is “doing well” and is expected to make a full recovery from burns he suffered in a gasoline fire earlier this week, according to remarks at a press conference by Dr. Peter Grossman of the Grossman Burn Center in Los Angeles, California
  • A class-action lawsuit has been filed against FTX founder Sam Bankman-Fried that also names Tom Brady, Gisele Bündchen, Stephen Curry, the Golden State Warriors, Shaquille O’Neal, Shohei Ohtani, Naomi Osaka, Kevin O’Leary and more as defendants; the suit alleges that the defendants violated Florida law and made consumers suffer more than $11B in damages
  • Horror film producers Jason Blum and James Wan are reportedly in advanced talks to merge their two production companies, Blumhouse and Atomic Monster, according to an individual with knowledge of the matter

Business & Markets

  • Stocks closed lower, with the tech-heavy Nasdaq leading the losses (Dow -0.12%, Nasdaq -1.54%, S&P 500 -0.82%)
  • Cryptocurrency brokerage Genesis Trading suspended withdrawals on its platform yesterday, citing “abnormal withdrawal requests which have exceeded our current liquidity” due to market turmoil created by FTX less than one week prior - see Genesis’ tweet on the announcement here
  • Elon Musk has reportedly told Twitter staff in an email that they must agree to work “long hours at high intensity” or leave the company; per Musk’s internal email, employees who don’t sign up by today will be given three months’ severance pay

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Tip & Tricks

  • Bump This: Resident sad girl and songwriter extraordinaire Julia Michaels is back with the new uptempo-yet-chill single “Sorry To Me Too” - listen on Apple Music and Spotify
  • Chow Down: With T-minus one week until Thanksgiving, it’s time to get serious about what you’ll be cooking - if you need some inspiration, here are 10 stuffing and dressing recipes for every kind of feast (including one from Vice President Kamala Harris)
  • Nerd Out: Read about how a team of physicists from the University of Amsterdam created a glowing black hole in a lab and how their discovery could help create a unified theory of quantum gravity…which was reportedly one of the late theoretical physicist Stephen Hawking’s greatest ambitions
  • Go Deep: On the other side of the country from Twitter’s San Francisco headquarters, Elon Musk testified that he was not involved in discussions around a 2018 pay package that gave him the right to acquire nearly $50B in Tesla shares because he was “entirely focused on the execution of the company” at the time
  • Say What: “I didn't know it yet, but I was the happiest depressed person in North America. I was struggling with severe clinical depression the whole time I was on that show. It was my job to be utterly and completely full of joy and wonder at all times, and that became impossible,” former Blue’s Clues actor Steve Burns said in an interview with Variety regarding why he left the children’s show to pursue other interests at age 30 in 2001
  • Hot Goss: Dating app Hinge yesterday rolled out a new feature that allows users to designate whether they are seeking monogamous or non-monogamous relationships when selecting their desired “Relationship Type” (geez…isn’t navigating these dating apps already complicated enough?)
  • Life Hack: Your brain requires exercise to stay sharp, just like any other muscle in your body - check out these 10 scientific ways to learn anything faster and dramatically improve your memory

Looking Back…

On November 17th: The Suez Canal opens in Egypt after 10 years of construction (1869); the National Rifle Association is granted a charter by New York State (1871); U.S. President Richard Nixon holds a press conference amid the Watergate scandal in which he declares, “I am not a crook” (1973); American director Martin Scorsese is born (1942).

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