6.13.2018

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6.13.2018
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.
Time Warner Merger Approved.
A federal judge approved a giant $85.4B merger between ATT and Time Warner yesterday, paving the way for one of the country's largest internet and wireless providers to merge with one of its largest entertainment companies. The Justice Department had filed a lawsuit blocking the deal last November in what was the first major antitrust activity of the Trump Administration. The Department claimed the combined power would allow ATT, which primarily provides internet and television, to use Time Warner's extensive television and film production infrastructure to capture unfair market share - potentially charging consumers higher prices in the process. Under the deal, ATT will acquire the vast majority of Time Warner's holdings, including HBO, Warner Bros., and CNN - allowing it to compete with other streaming giants like Google, Netflix, and Amazon. The deal is expected to spur a number of blockbuster corporate takeovers in the near future. 

Charitable Giving Hits New High.
Charitable contributions in the US reached a new high in 2017, according to an annual report released yesterday. The sum, which totaled over $410B, was fueled by a nearly 20% increase in stock markets, which translated into large gifts from investors to foundations. Three individual gifts surpassed $1B apiece, including mega-gifts from Mark Zuckerberg and Bill Gates to their individual foundations (see the top 10 biggest donations). It was the first time total giving in the US surpassed the $400B mark and represented a 5.2% increase from the $390B given in 2016. Giving from individuals represented 70% of the total, with donations from private foundations (16%), bequests (9%), and corporations (5%) making up the rest. See a summary infographic from the report here

2026 World Cup Bid.
Just a day before the 2018 World Cup kicks off in Russia, voting members of the Fédération Internationale de Football Association (FIFA) will choose between Morocco and a joint Canada-US-Mexico bid to host the 2026 World Cup. Most believe the joint North American bid holds a comfortable lead in the voting process, which is expected to conclude sometime around 7am ET today - FIFA estimates that the 2026 Cup will generate over $14B in revenue. Under the bid the US would host 60 of the 80 total matches, while Mexico and Canada would each host 10 - matches would be spread across 16 North American cities (see details). The 2026 Cup is expected to be the first to include 48 teams, expanding from its current 32-team field. 


The US still holds the World Cup record for attendance - the 1994 Cup drew 3.58 million attendees, or nearly 69,000 per match, despite the field only having 24 teams at the time. 
 
In The Know.

Business & Markets.

Tesla to cut 9% of 46k jobs in reorganization aimed at profitability, stock up 3% (More)
> LA-based scooter business Bird to raise $200M at $2B valuation as scooter wars continue to heat up (More)
Chinese telecom equipment maker ZTE shares plunge 40% eliminating $3B of value in first day of trading since US ban lifted (More)
 

Sports, Entertainment & Culture.

Actress Rose McGowan indicted by grand jury for cocaine possession (More)
Avengers: Infinity War is just 4th film ever to top $2B at global box office (More)
Kanye West debuts new album "Ye" - all 7 tracks currently in the Top 40 of the Billboard Hot 100 (More)
 

Politics & World Affairs.

Former SC governor and current House Rep Mark Sanford loses in GOP primary to Trump-backed candidate (More)
Greece, Macedonia reach agreement on name dispute that has soured relations for decades; Macedonia will officially be referred to as the Republic of Northern Macedonia (More)
Seattle City Council repeals "head tax", which would've taxed big businesses $500 per full-time employee to fund affordable housing, just weeks after passing (More)
 

Science & Technology.

Two studies find that cells edited using a specific type of CRISPR gene editing may act as seed cells for tumors; further researcher needed to confirm (More) | CRISPR 101 (More)
Uber rolls out Uber lite, an app with low memory and bandwidth requirements for use in developing countries (More)
New medical device from MIT attaches directly to damaged hearts, auto-deploys treatment during heart attacks to halt heart failure (More)
Etcetera.
American views on abortion are split exactly down the middle.

Forbes releases annual list of best and worst-paying jobs

..And compensation for starting law firm associates hits $190K (paywall). 

US podcast revenue hit a record $314M last year

Watch The Roots frontman Black Thought break down all four Jurassic Park movies in a one-minute freestyle

An anonymous piece of art was rejected from an exhibition - the artist behind the work was Banksy

This class of police dogs help sniff out cybercrime.

AirHelp's 2018 ranking of the world's best airports

Clickbait: Hangry woman calls police over slow pizza

Historybook: Miranda rights are created (1966); Thurgood Marshall becomes first African American appointed to Supreme Court (1967); Pioneer 10 is first manmade object to exit our solar system (1983); HBD Mary-Kate and Ashley Olsen (1986).

 
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"Sometimes history takes things into its own hands."
- Thurgood Marshall

 
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