| Need To Know. |
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| Capital One Breach. |
Financial giant Capital One said that personal information of an estimated 100 million Americans and 6 million Canadians was accessed during a data breach that lasted from March to July. The hacker, 33-year-old Paige Thompson, was arrested after posting information bragging - somewhat recklessly - about her hack on the popular coding platform GitHub and other social media. Thompson is a software engineer who formerly worked for Amazon Web Services, which hosts the Capital One database that was breached. It is one of the largest known data breaches of a financial institution, behind the 2017 hack of Equifax that left nearly 150 million records vulnerable. Officials from the company said the breach could cost up to $150 million, which includes the cost of credit monitoring for those affected, but said that their current analysis suggested the hacker did not intend to disseminate the personal information or use it for fraudulent purposes.
See a great visualization of the worst hacks in corporate history, topped by Yahoo's 2013 breach that exposed over 3 billion accounts. |
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| Debates Round Two. |
The next round of Democratic primary debates begin tonight (8pm ET, CNN), with ten candidates taking the stage in Detroit. Ten more candidates will face off tomorrow, rounding out the second of twelve total debates expected to be held during the primary season. Analysts expect this to be a make-or-break round for many candidates, with lower-tier contenders likely to drop out in the absence of a breakout moment. The lineup for Detroit remains mostly unchanged from June's opening debates in Miami, with Montana Gov. Steve Bullock replacing Rep. Eric Swalwell (CA-15) who dropped out. Sen. Elizabeth Warren (MA), Sen. Bernie Sanders (VT), and South Bend Mayor Pete Buttigieg headline Tuesday, while former Vice President Joe Biden and Sen. Kamala Harris (CA) face off again on Wednesday (see full lineups). Looking to capitalize on momentum from the first debate, Sen. Kamala Harris released a universal healthcare proposal yesterday that attempted to bridge the gap among Democratic factions (it was promptly criticized by both moderate and progressive candidates).
Billionaire activist Tom Steyer will be on the sidelines, unable to qualify in time after jumping into the race late. |
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| Old Town Road. |
Hit song Old Town Road notched its 17th straight week at number one on the Billboard Hot 100, the longest such streak in the six-decade history of the chart. The milestone pushes the summer hit past Mariah Carey and Boyz II Men's One Sweet Day (1995) and Luis Fonsi, Daddy Yankee, and Justin Bieber's Despacito (2017), both of which reigned for 16 weeks. The tune by rapper Lil Nas X was originally released in December 2018 and gained steam on the social media app Tik Tok (what is that?) but was disqualified from Billboard's country charts for being too distinct from the genre. A remix developed with industry veteran Billy Ray Cyrus, which did qualify, then rocketed to the top of the overall charts. While part of the summer dominance may be partly attributed to sleight of hand around remixes, the song also represents the emerging power of social media to drive trends - it doesn't hurt that kids are obsessed with it.
Listen to the catchy tune here (but don't say we didn't warn you). |
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| In The Know. |
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| Sports, Entertainment & Culture. |
| > Meghan Markle serves as guest editor of September issue of British Vogue; interviews former first lady Michelle Obama in 'Forces for Change' issue (More) |
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| > Katy Perry loses copyright infringement lawsuit after jury finds she copied a Christian rap artist's beat for her 2013 pop hit Dark Horse (More) |
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| > Baseball legend David Ortiz speaks out for first time since being shot in the back in Dominican Republic; Ortiz spent nearly 7 weeks in hospital recovering from his injuries (More) |
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| Science & Technology. |
| > Study links high levels of estrogen in the womb with increased risk of autism spectrum disorder; exact physiological mechanisms still unknown (More) |
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| > Reports say Google's Pixel 4 phone to have built-in face unlock and radar chip to detect hand motions to control phone operations; phone slated for October release (More) |
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| > Japan approves animal-human hybrid embryo project; research will implant human cells into animal embryos with the goal of growing human organs for transplants (More) |
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| Business & Markets. |
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> World’s largest drugmaker Pfizer to divest its off-patent drug business (Viagra, etc.) and combine with generic drugmaker Mylan (More)
> Plant-based meat maker Beyond Meat smashes revenue expectations, but shares fall 10%+ in after-hours after company announces share offering from selling shareholders (More) |
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> European food delivery businesses Just Eat and Takeaway.com to merge in $10B deal (More) | Southeast Asian rideshare giant Grab to invest $2B from SoftBank to expand into Indonesia (More)
Pay $500, get $150 with this incredible credit card. Enjoy unlimited 3% cash back on dining and entertainment, and so much more (More) #Ad |
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| Politics & World Affairs. |
| > Officials identify 19-year-old local man as shooter who killed 3 at California festival on Sunday; no confirmation on reports of a second suspect (More) |
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| > 57 dead after violence between rival gangs sparks prison riot in Northern Brazil; officials say 16 victims were decapitated (More) | Hundreds gather for funeral of Italian police officer allegedly stabbed to death by two American teens; judge rules teens must remain in custody (More) |
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| > President Trump signs permanent extension of 9/11 Victim Compensation Fund, which provides $10B in health care costs for 9/11 first responders (More) |
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| In Depth. |
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| The Real Story of Supreme. |
| GQ | Noah Johnson. When the first Supreme store opened in 1994, the NYC skating retailer was hyper-focused on cultivating a brand - selling an attitude more than products. Now valued at over a billion dollars, Supreme must maintain its nonchalant attitude while becoming one of the world's most famous streetwear brands. (Read) |
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| In the "Juul Room". |
| Washington Post | Moriah Balingit. In recent years, the amount of teens using e-cigarettes has skyrocketed, but instead of behaving like tobacco users, they are beginning to operate like substance-abuse patients. Now doctors, regulators, and parents are left grappling with the effects of the new nicotine craze. (Read, paywall) |
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"Failure is simply the opportunity to begin again, this time more intelligently."
- Henry Ford |
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