5.22.2018

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5.22.2018
All your news in a single email. We scour 100+ sources so you don't have to. Culture, science, sports, politics, business, and more - all packaged in a 5-minute read below.
 
Need To Know.
Baltimore Manhunt Underway.
Police have deployed aircraft and canines as a massive manhunt began yesterday for two gunmen that shot and killed a police officer outside of Baltimore. Witnesses in the northeast suburb of Perry Hall reported hearing shots before seeing a vehicle run over the female officer on Monday afternoon. According to officials the officer was badly injured and pronounced dead at the hospital. Nearly 2,000 students were kept at schools on lockdown as police searched for the suspects who are considered armed and dangerous. The suspects remained at large as of Tuesday morning, and body camera footage from the fallen officer is currently being reviewed by authorities. 

So far in 2018, 28 law enforcement officers have been shot and killed in the line of duty

Fortune 500 Companies Released.

Fortune Magazine released its list of Fortune 500 companies yesterday, the 64th edition of its annual ranking of America's biggest companies. The list - which ranks companies by annual revenue - represents nearly two-thirds of US GDP while accounting for nearly $21.6T in market value and 28.2 million employees worldwide. Walmart stayed on top of the list for the sixth year in a row, becoming the first company to surpass $500B in annual sales while more than doubling second-ranked Exxon Mobil ($244B in annual revenue). Berkshire Hathaway ($242B), Apple ($229B), and UnitedHealth Group ($201B) round out the top five. Amazon ($178B), one of the most feared competitors in the market, cracked the top 10 for the first time, landing at #8. The most profitable company (revenues minus costs) was Apple at $48B, and although Walmart dominated in revenue it was ranked 20th in profits, at $9B - reflecting the lower margins of the retail sector. 

US Outlines Revamped Nuclear Deal.
Secretary of State Mike Pompeo outlined the administration's criteria for renegotiating an Iran nuclear deal yesterday, two weeks after the US withdrew from the previous agreement. While some of the requirements were specific to the country's nuclear program - like a complete stop to uranium enrichment, where the earlier deal allowed for limited enrichment for energy purposes - others focused on Iran's attempts to influence broader Middle East politics. Notably, Pompeo said the US would require Iran to sever financial ties with Hezbollah - a political and militant organization located within Lebanon that is supported by and often acts as a proxy for Iran (see 101), which the US has recognized as a terrorist group since 1997. The administration threatened the "strongest sanctions in history" if the criteria weren't met.
 
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In The Know.

Politics & World Affairs.

Justice Department expands review of 2016 Trump campaign probe after Trump meets with FBI chief Christopher Wray and Deputy Attorney General Rod Rosenstein (More)
Supreme Court rules companies can require employees to sign away right to collective bargaining in favor of arbitration (More)
US imposes over 100%-250% duties on Chinese steel imported from Vietnam, finding it was meant to circumvent anti-dumping and anti-subsidy rules (More)
 

Business & Markets.

New York Stock Exchange names Stacey Cunningham first female CEO in 226-year history (More)
General Electric (GE) merges transportation business with Wabtec, US-based rail equipment manufacturer - combined business worth $20B (More)
Fifth Third Bank to buy smaller rival MB Financial for $4.7B (More)
 

Science & Technology.

Scientists construct genomic structure of dinosaurs by working backwards from birds and turtles (More)
Astronomers spot asteroid that arrived from outside solar system orbiting in reverse around Sun, opens door to probing interstellar object (More)
Computer modeling simulates the past 22 hurricanes under projected conditions for the late 21st century, find storms on average have stronger winds, move slower, and have 24% more rainfall (More)
 

Sports, Entertainment & Culture.

Barack and Michelle Obama sign production deal with Netflix; they will produce both series and movies as part of multi-year agreement (More)
LeBron James scores 44 points as Cleveland Cavs even Eastern Conference Finals series with Boston Celtics at 2-2; James becomes all-time leader in postseason field goals (More)
Celebrity chef Mario Batali accused of drugging, raping two women (More)
In Depth.

The Lawsuit That Upended Silicon Valley.

The Ringer | Victor Luckerson. In 1998, Microsoft was undergoing a pivotal antitrust suit - one that would not only change Microsoft, but the industry at large. 20 years later, the lawyers, journalists, and competitors surrounding the lawsuit weigh in on the current tech giants that stand to dominate their competition, while explaining the most important lawsuit in tech history
 

I Killed Them All. 

BuzzFeed | Jessica Garrison. Soft-spoken and friendly Jose Manuel Martinez doesn't fit the mold of a prolific hitman. Then again, what better disguise than an unassuming neighbor for someone who had killed over 30 people across the US in service to Mexican drug cartels
Etcetera.
The official Harry and Meghan wedding photos are released

Optimism about the availability of good jobs in the US hits new high

Picasso self-portrait expected to sell for $70M at auction damaged by falling paint pole

Amazing photo captures swirling starlings in a birdnado


Rare mountain lion attack happens east of Seattle

This new app connects blind users with sighted volunteers to offer virtual assistance - and you can sign up to help

See the richest person in every state in 2018.  

Check out what the Wall Street Journal's internet front page looked like in 1996

Clickbait: Baboon captured after day of running free at San Antonio airport

Historybook: RIP Martha Washington (1802); Associated Press is founded (1900); RIP Langston Hughes (1967); Manchester Arena bombing kills 22 during Ariana Grande concert (2017).

 
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"I have discovered in life that there are ways of getting almost anywhere you want to go, if you really want to go."
- Langston Hughes

 
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