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Need To Know.
Ross Perot Passes.
Texas billionaire and former presidential candidate Ross Perot passed away yesterday at age 89 in his Dallas home. The cause of death was leukemia, which he had battled for five months according to a family spokesperson. Perot, a former Navy officer who made his fortune launching electronic data processing services in 1962, an early forerunner of what would become the modern IT industry. Known for his brash personality, he jumped into the public consciousness as early as 1969 when he attempted to fly Christmas presents to American prisoners-of-war in Vietnam. He was widely remembered for being a thorn in the side of both parties during his 1992 and 1996 presidential runs. He finished with 19% of the vote in 1992 - compared to George HW Bush’s 37% and Bill Clinton’s 43% - the strongest third-party showing since Theodore Roosevelt in 1912.
2019 MLB All-Star Game.
The American League beat the National League last night by a score of 4-3 in baseball's 90th All-Star Game, their 19th win in the past 23 years. The crowd in Cleveland was able to cheer on hometown star pitcher Shane Bieber, who won the game's MVP award after striking out the side in the fifth inning, leading an AL pitching staff that threw 16 total strikeouts on the night (watch game highlights here). The game itself carries little weight - it used to determine home-field advantage for the World Series until a 2016 rule change - but marks the symbolic halfway point of the season. The story so far has been the ridiculous number of home runs hit, with batters on pace to knock a cumulative 6,668 home runs, surpassing 2017's record mark by 500, and 16 teams are on pace to break franchise records. Division races are much closer this year (see standings), with only the Los Angeles Dodgers (60-32) hitting the 60-win mark by the All-Star break. Regular season games resume on Thursday.
Twitter Releases Narrowed Troll Guidelines.
Twitter released an update to its hateful conduct policy yesterday, prohibiting what it considered dehumanizing speech against religious groups to the list of banned content. Users who post content violating the policy may have their posts deleted, and may face a permanent ban of their account, particularly if violence is threatened (see full policy). The update came after nearly a year of discussion, spurred largely by criticism over use of the platform as a tool to incite abuse against specific people and broader minority groups. Civil rights groups criticized the update, saying they represented a significant scale back (paywall, NYT) of the initial proposal made in 2018. Twitter officials defended the more narrow scoping, saying it highlighted the difficulty of creating a policy determining offensive content for a platform used across the globe. The announcement comes ahead of a White House summit on social media that notably snubbed Facebook, Google, and Twitter.
In related news, a court ruled that President Trump can't block Twitter followers, due to his use of the account to announce official government policy.
> WarnerMedia announces new streaming service and Netflix competitor, HBO Max (More) | ...and Friends to depart Netflix and launch on HBO Max in Spring 2020 (More)
> Sen. Joe Manchin (D-WV) introduces bill calling for US Soccer Federation to guarantee equal pay for men's and women's teams (More) | How to watch today's US Women's National Team victory parade in NYC (More)
> Jay-Z tapped as Chief Brand Strategist for legal marijuana company Caliva, will focus on social justice issues surrounding legalization (More)
Science & Technology.
> MRI study shows the brain’s visual processing center notices more details in faces of people of similar races (More)
> NASA satellites detect massive seaweed bloom stretching from the Gulf of Mexico to West Africa (More)
> Amazon files permission to launch 3,200 satellites, will compete with SpaceX to establish space-based broadband internet network (More)
Business & Markets.
> France to add a new ‘ecotax’ on plane tickets in 2020, revenues to fund eco-friendly travel alternatives (More) | Airbus on track to overtake Boeing as largest plane maker for first time in 7 years (More) > IBM closes $34B acquisition of open source software provider Red Hat announced last October (More)
> PepsiCo results top wall street expectations on strong healthy snack and sparking water sales (More)
Is $92M for a painted bunny a good investment? WSJ certainly thinks so, calling it their “best investment of 2018,” with total returns beating the S&P 500 by 16 points. So how can you get in? Masterworks is an exclusive platform that allows investors direct exposure to the blue-chip art market (More) #Ad
Politics & World Affairs.
> Leading contenders to replace UK Prime Minister Theresa May, Boris Johnson and Jeremy Hunt, spar over Brexit, US relations in first head-to-head debate (More)
>Election 2020: Billionaire activist Tom Steyer confirms 2020 bid for Democratic nomination, plans to spend at least $100M (More) | ...and Senate Majority Leader Mitch McConnell (R-KY) draws 2020 Democratic challenger in retired Marine Amy McGrath (More)
> Court hears arguments on whether Obamacare should be dismantled after the individual mandate tax was removed by Congress in 2017 (More)
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Historybook: France declares war on Great Britain and enters American Revolutionary War (1778); Iconic inventor Nikola Tesla born (1856); Scopes Monkey Trial begins (1925); Tennis player Arthur Ashe born (1943); HBD actress Sofia Vergara (1972).
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