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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.
Budget Deal.
President Trump and congressional leaders from both parties struck a sweeping budget deal yesterday, removing the threat of a shutdown standoff ahead of September 30th deadline. The deal funds the federal government for two years and suspends the debt ceiling - the limit on the amount of money the government can borrow - until July 21st, 2021. The federal budget is traditionally broken into broad categories known as mandatory and discretionary spending (see primer). The former includes programs required by law, like Social Security and Medicare, while the latter requires Congress to pass annual appropriations bills for funding. The deal would raise discretionary spending to $1.375T by 2021, nearly $350B over the spending caps provided in the 2011 sequester bill (paywall, WashPo), bringing the projected total federal budget to around $4.75T. With estimated revenues at $3.8T each year, the deal is expected to add over $2T to the federal debt, which currently stands at $22T. 
Huawei Operating in North Korea.
Reports leaked yesterday suggesting Chinese telecom giant Huawei, who has been under scrutiny from the US government, secretly helped build a 3G wireless network in North Korea. The documents were allegedly leaked by a former employee. If true, the company - who was blacklisted from selling its technologies to US companies before the Trump administration eased up slightly - would be in violation of international sanctions. Huawei had been added to the US export control list back in May, which bans US companies from doing business with it without obtaining a highly-regulated government license. However the company's reach (see infographic) has forced the administration to make select allowances - the conglomerate is one of the world's largest telecom companies with close to 200 million phones sold in 2018, and hosting one-third of the world's population on its wireless networks. Huawei officials denied the claims. 
Puerto Rico Protests.
Hundreds of thousands of Puerto Ricans turned out to demand the resignation of Governor Ricardo Rosselló after a trove of lewd and offensive text messages was leaked last week. The demonstration, believed to be the biggest in the territory's history, shut down a major highway in the nation's capital and paralyzed much of the island. Rosselló said he wouldn't resign, but would not run for re-election next year. The text messages (see here), sent between Rosselló and his circle of advisors on the encrypted messaging platform Telegram, contained a number of homophobic and misogynistic comments about various US and Puerto Rican officials. Though the protests were sparked by the texts, observers say anger has been simmering on the island in the face of a slow economy and criticism of the government's response to the aftermath of 2017's Hurricane Maria. The message dump also came two days after the FBI arrested two of Rosselló aides on corruption charges for their handling of $15.5M in post-hurricane contracts. 
In The Know.
Sports, Entertainment & Culture.
> Dallas Cowboys ($5B) tops Forbes’ list of World’s 50 Most Valuable Sports Teams for 4th straight year with New York Yankees ($4.6B) and Real Madrid ($4.24B) rounding out top 3 (More)
> Chris Kraft, NASA’s first flight director, dies at 95 (More) | ...and iconic New Orleans musician Art Neville dies at 81 (More)
> Old Town Road by rapper Lil Nas X and country singer Billy Ray Cyrus tops Billboard Hot 100 for 16th straight week, now tied for longest streak in chart’s 61-year history (More)
Science & Technology.
> New AI program predicts how proteins fold up to one million times faster than Google's algorithm AlphaFold (More) | ...and why predicting protein folding is one of science's grand challenges (More)
> After delay, India launches second uncrewed Moon mission, the Chandrayaan-2; aims to become fourth country to successfully land a craft on the lunar surface (More)
> Research shows removing new neural cells grown after traumatic brain injuries reduces epileptic seizures (More)
Business & Markets.
> Walmart tops Fortune’s Global 500 list of largest companies in the world by revenue (More) | Chinese and Taiwanese companies combine to outnumber US companies for first time, 129 to 121 (More)
Credit reporting giant Equifax to pay up to $700M to settle allegations from 2017 data breach which affected 147M users (More)
> Bayer to sell Dr. Scholl’s foot care brand to private equity firm for $585M (More)
Politics & World Affairs.
> Venezuela hit with third major blackout since March; government blames an "electromagnetic attack" by political opponents (More)
> Pakistani Prime Minister Imran Khan meets with President Trump, discusses the US war in Afghanistan and Pakistan's struggling economy (More)
> Former Supreme Court Justice John Paul Stevens lays in ceremony at Court; Stevens died at age 99 last week after stroke (More) | ...and see photos of the longest-serving justice throughout his career (More)
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In Depth.
An Existential Nightmare.
Atlantic | Derek Thompson. Dating has changed more in the past 20 years than the previous 2,000, with matchmaking sites officially passing friends and family as the main way couples meet. For better or worse, that also means we don't have friends and family to screen potential partners. (Read)
Is It Okay to Laugh at Florida Man?
Washington Post | Logan Hill. After Brandon Hatfield's drug and alcohol filled bender, the 24-year-old Floridian snuck into a crocodile pool (while wearing Crocs sandals) and his foot was nearly bitten off - instantly becoming the poster child for the Florida Man meme. But is it okay to laugh at the world's worst superhero? (Read)
See video of a 500-year-old shipwreck discovered in the Baltic Sea (paywall, NYT).
Once nearly extinct, conservationists say the 1,000th California condor has hatched
Laugh tracks make dad jokes funnier, study finds
Ugh Millennials: You're using PowerPoint to help friends score dates
How to prepare to swim across the English Channel
...and get a first glimpse of Tom Hanks as Mister Rogers
This police department lets people pay parking tickets with donations for shelter cats.
...and New York becomes the first state to ban the declawing of our feline friends
Clickbait: Award-winning lamb under investigation for performance-enhancing drugs
Historybook: RIP Ulysses S. Grant (1885); 43 killed, 1,000+ injured in Detroit Riot (1967); Hale-Bopp comet is discovered (1995); RIP Amy Winehouse (2011); RIP Sally Ride, the first American woman in sapce (2012).
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