7.27.2022

Space Split, St. Louis Floods, and Facebook's Big Shift Everything you need to know for today in five minutes.

Good morning. It's Wednesday, July 27, and we're covering the future of the International Space Station, a historic downpour in St. Louis, and much more. Have feedback? Let us know at [email protected].

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NEED TO KNOW

 

Russia to Depart ISS

Russian space agency Roscosmos announced yesterday it will pull out of the International Space Station after 2024, saying it would instead pivot to the development of its own orbital space station.

 

The news comes after NASA and Roscosmos struck a deal earlier this month for US and Russian astronauts to continue riding in spacecraft from each other’s agencies. ISS operations are interdependent—Russia is responsible for maintaining the facility's orbital trajectory while the US leads responsibility for the power supply—and it is not clear how the space station will continue running without Russia.

 

The ISS has been in orbit since 1998 and is a joint partnership between space agencies in Russia, the US, Canada, Europe, and Japan. NASA plans to continue operation of the current ISS through 2030 when the US will switch to private space stations. See background on the space station here.

Love learning about space? Check out 1440's expert-curated topic page on the endless frontier, bringing together the best and most fascinating resources from across the internet on the topic. Go down the rabbit hole learning about space here.

Senate Eyes CHIPS

A bipartisan bill to support the US semiconductor industry and boost the country's economic competitiveness in high-tech sectors cleared a procedural hurdle in the Senate yesterday by a vote of 64-32.

 

Referred to as CHIPS-plus, the roughly $280B bill is an expansion of a more narrow effort to focus on domestic microchip manufacturing. The issue came into focus over the past two years amid a supply chain crunch coupled with aggressive investment in the industry by other nations. Much of the global supply is controlled by one company—Taiwan Semiconductor Manufacturing Co. or TSMC—which produces more than half of the global supply and more than 90% of the most advanced chips. 

 

On top of roughly $52B for chip manufacturing, the bill bolsters research efforts at the National Science Foundation, the Department of Energy, and more. Explore provisions here

 

The bill is expected to clear the Senate as early as today before heading to the House for approval.

St. Louis Deluge

Record rainfall drenched the greater St. Louis area early Tuesday, with flash floods leading to one death and displacing dozens of residents from their homes. 

 

Heavy thunderstorms stalled over a thin band of eastern Missouri, dropping over an inch of rain per hour. The rainfall sailed past the previous daily record of around 6.8 inches recorded in 1915, with over 10 inches falling in less than half a day. Much of downtown St. Louis was temporarily closed Tuesday, including major highways and the Gateway Arch. The deluge ended a prolonged period of drought in the metropolitan area, with hard, dry surfaces unable to absorb excess precipitation. 

 

The downfall stopped in the afternoon, though more precipitation is expected over the next two days. See images from across the region here

 

Separately, a heat wave is expected to bring triple-digit temperatures to parts of the Pacific Northwest beginning today.

In partnership with The Motley Fool

IS IT LIKE BUYING NETFLIX IN 2007?

 

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Tom cofounded The Motley Fool back in 1993, and every month since then, his company has searched far and wide to release their most promising stock picks. But every once in a while, they like a stock so much that they recommend it a second time. Which brings us back to Netflix. Back in 2007, The Motley Fool recommended the little-known DVD-subscription site for a second time, and returns have been a whopping 7,587%. In fact, their teams have only arrived at the same pick 101 times in the entire history of The Motley Fool, with average returns of 357%.

 

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Returns as of 7/21/22. Past performance is not an indicator of future results. Not all Stock Advisor picks have performed as well.

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IN THE KNOW

 

Sports, Entertainment, & Culture

> Brittney Griner to testify today in Russia; Griner pleaded guilty July 7 to bringing cannabis oil in her luggage (More)

 

> The 2022 Booker Prize longlist of 13 novels announced, included six books by American authors (More)

 

> Ken Jennings and Mayim Bialik both tapped to continue cohosting "Jeopardy!" (More) | Apollo 11 jacket worn by Buzz Aldrin hauls in a record $2.8M at auction (More)

Science & Technology

> Mystery hepatitis cases in children may be linked to relatively rare instances of dual adenovirus infections combined with overactive immune systems; new studies have not undergone peer review (More)

 

> Scientists capture video of nanoparticles forming in liquid at unprecedented atomic-scale resolution; shows growth is determined by defects, not crystal size, challenging a century-old theory (More)

 

> Astronomers show variations in the light signatures from supermassive black holes partially reflect differences in lifecycles, provide insight into how the stellar objects evolve (More)

Calling all science enthusiasts—

 

Have you checked out 1440's knowledge hub? Our team of curators has brought together the best resources on the world's most fascinating topics from across the internet. From psychedelics to the big bang, CRISPR to cryptocurrency, and much more—take a deep dive here.

 

PSThis is a beta platform, so please leave us feedback at [email protected]!

Business & Markets

In partnership with The Ascent

> US stock markets close lower (S&P 500 -1.2%, Dow -0.7%, Nasdaq -1.9%) ahead of today’s Federal Reserve rate announcement (More)

 

> International Monetary Fund cuts its global growth outlook for 2022 and 2023 (More) | US consumer confidence index falls for third consecutive month in July (More)

 

> Alphabet (Google) misses quarterly expectations amid slowing digital ad market (More) | General Motors exceeds revenue expectations, but misses on earnings; shares fall 3% (More)

From our partners: Perhaps the best card right now for a one-card wallet. This card offers incredible cash back on purchases, and you can qualify for an innovative sign-up bonus worth up to $300. Check out this no brainer, no-annual-fee card today.

Politics & World Affairs

> European Union officials reach deal for member nations to voluntarily reduce natural gas consumption through next spring to safeguard against reductions in Russian imports (More) | Explore Europe's dependence on Russian energy (More)

 

> Former President Donald Trump makes first return to Washington, DC, delivering keynote at the America First Agenda Summit (More) | Two top aides to former Vice President Mike Pence, including Chief of Staff Marc Short, testify to federal grand jury probing the Jan. 6 storming of the US Capitol (More)

 

> Officials find body in Lake Mead amid record low water levels, the third such discovery since May; no official comment on identity or cause of death as of this writing (More)

A LEAGUE OF THEIR OWN

 

In partnership with The Motley Fool

 

We don’t think investors want to compete with The Motley Fool on stock portfolio performance. The Motley Fool Stock Advisor service has beaten the S&P 500 by roughly three times on average.

 

And sometimes, they like a stock so much that they’ll recommend it a second time. On the 101 occasions that’s happened (in over 20 years), returns have averaged an even more impressive 357%. Read their report today to learn about this “Ultimate Buy” sign.

 

Stock Advisor returns are 357% as compared to the S&P 500 returns of 116% as of 7/21/22. Past performance is not an indicator of future results. Not all Stock Advisor picks have performed as well.

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ETCETERA

 

Inside Facebook's big shift toward video.

 

Mountains, a double rainbow, and lightning—in one photo.

 

The case against the leap second.

 

Saudi Arabia eyes a 75-mile-long skyscraper.

 

Explore the population demographics of every US county.

 

A brief timeline of animal domestication.

 

Kill time with Google's online jigsaw puzzles. (best on desktop)

 

Jimmy Hoffa remains missing.

 

Clickbait: Gone from our freezers, but not our hearts.

 

Historybook: US Department of State is established (1789); HBD figure skating legend Peggy Fleming (1948); House brings impeachment charges against President Richard Nixon (1974); NBA player Reggie Lewis collapses and dies at practice (1993); RIP Bob Hope (2003).

 

"If you haven't got any charity in your heart, you have the worst kind of heart trouble."

- Bob Hope

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