8.3.2018

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.
 

Apple Becomes First Trillion Dollar Company.
Apple's stock rose 2.9% yesterday to end at $207.39 per share, pushing the company's market capitalization past the $1T threshold. The gains make the tech giant the first publicly-traded company in history to reach the symbolic mark. The news also caps Apple's best two-day run in the market since April 2014, as it rallied 9% after its second-quarter earnings report beat expectations and it announced it had bought back $20B of its own shares (what is a stock buyback?). The company debuted on the stock market in December 1980 at a modern-day equivalent of $0.39. Apple's run to one trillion dollars has been fueled by the now-ubiquitous iPhone - in 2006 Apple posted a profit of $2B on $20B in sales, which by last year had grown to $48.4B on $229B in sales. Other tech giants are hot on Apple's heels, with Amazon at a market cap of $877B, followed by Google's parent company Alphabet ($851B) and Microsoft ($822B). 

Check out a cool visual history of Apple's rise to one trillion here. 

Pope Francis Disavows Death Penalty.
Pope Francis announced that the Roman Catholic Church now considers the death penalty unjust in all cases, a strong pivot from the Church's previous stance. Previously, the Church's Catechism - a summary of beliefs for the Catholic faithful - allowed for the death penalty when it was “the only practicable way” to defend others' lives. The previous wording allowed for breathing room for government officials who support capital punishment or whose positions included responsibilities related to state executions. While a number of majority-catholic countries have banned capital punishment, a majority of American Catholics favor the practice. In a statement, Francis called the previous stance outdated as there are "new ways" to protect the common good without resorting to the death penalty. 

Lollapalooza Kicks Off.
Lollapalooza, the long-running alt-rock music festival in downtown Chicago, kicked off yesterday and runs through the weekend. This year's iteration, expected to draw over 160,000 people, includes Jack White, St. Vincent, Tyler the Creator, The Weeknd and more (check out the lineup poster). The annual festival was inaugurated in 1991 as a sort-of "farewell tour" for the band Jane's Addiction, and ran until 1997 as a multi-city tour - after a brief revival in 2003, it converted to a permanent Chicago fixture in 2006. Officials have significantly increased security for this year's festival, following incidents like the 2017 Las Vegas shooting that targeted a much smaller concert event. 

You can catch shows on three separate live streams here. 

 

> Tiger Woods & Phil Mickelson announce one-on-one winner take all event set for Thanksgiving weekend; winner will reportedly take home $10M (More) 
> Los Angeles District Attorney is reviewing alleged rape case against Backstreet Boys' Nick Carter (More)
> 62-year-old short story written by Ernest Hemingway is being published for the first time (More)
 

> Google testing out a censored search engine for use in China; company left country in 2010 over demands that it censor searches (More)
> Study shows both people who abstain from drinking and those having over 14 drinks per week during midlife are at higher risk of dementia; underlying mechanisms likely different in both groups (More)
> Cremations found at Stonehenge reveal that the builders came from west Wales, over 100 miles away (More)
 

Brought to you by 
> Smart speaker maker Sonos stock up 24% on first day as public company (More) | Partners with Nasdaq to redesign the sound of the Nasdaq bell (More)
> Specialty retailer Brookstone to file for bankruptcy, adding to list of brick & mortar retail failures (More)
> Connected bike fitness business Peloton raises $550M funding at $4.15B valuation (More)

Gain access to the private market. Invest in or sell pre-IPO shares on EquityZen, a platform for buying shares in private companies (More)
 

> Director of National Intelligence Dan Coats says Russians trying to hack, steal information from congressional candidates (More) | Trump rolls out plan to combat interference in 2018 midterms (More)
> White House proposes freezing Obama-era fuel efficiency standards at year 2020 levels, or 30 mpg; 17 states have already filed suit to block move (More)
> Saudi-led pro-government forces kill 20 in attack on Yemeni port city held by rebels, escalating country's civil war (More) 

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Don't Argue, It's Science: Here's the best way to make friends. 

France outlaws smartphones in schools for students up to age 15. 

...And also outlaws cat-calling women in public. 

The ice cream experts explain how to stop a brain freeze.

Germans are drinking so much this summer the country is running out of beer bottles. 

Identical twin brothers get married to identical twin sisters, will move in together. 

You can now buy a real-life Iron Man flying suit. 

An infographic showing where your car is most likely to be stolen across the US. 

Clickbait: Golden Retriever recreates Madonna's most iconic moments in perfect detail. 

Historybook: Christopher Columbus sets sail from Spain (1492); HBD Tony Bennett (1926); HBD Martha Stewart (1941); Rival basketball leagues merge to form NBA (1949); HBD Tom Brady (1977).
 

"When you realize that you have identified a passion, invest in yourself."
- Martha Stewart
 

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