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05.09.2025

 

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Good morning. It's Friday, May 9, and we're covering the first American pope, a trade deal with the UK, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.

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Need To Know
 

'Habemus Papam'

Chicago native Cardinal Robert Prevost was elected head of the Roman Catholic Church yesterday, becoming the first US citizen to hold the office. The 69-year-old (who is also a citizen of Peru) selected Leo XIV as his papal name—a nod toward the late 19th-century Pope Leo XIII, known for opening the church to modernity and emphasizing workers' rights.

 

Born in Chicago in 1955, Prevost joined the Augustinians in 1977, a missionary order dedicated to unity, harmony, and service. The order stationed Prevost in Peru in 1985, where he served for over a decade, later becoming its leader. In 2015, Pope Francis made Prevost bishop of the diocese of Chiclayo, Peru, later naming him a cardinal and head of the Vatican’s Dicastery for Bishops (read bio). Prevost is seen as a centrist; see how his stances compare to Pope Francis’ pontificate here.

 

Many world leaders applauded the election. A group of survivors of priestly sexual abuse demanded further investigation into allegations Prevost mishandled abusive priests under his watch.

 

US-UK Trade Deal

The US and UK announced a framework for a trade deal yesterday, the largest step toward a potential trade agreement since President Donald Trump imposed sweeping tariffs on US trading partners. The deal, pending finalization, focuses on tariff relief for autos, steel, and select industrial goods.

 

The US is the UK’s largest trading partner, accounting for over 17% of annual UK trade, with total trade between the two nations valued at roughly $417B. A 10% base tariff on many UK imports will remain, but tariffs on UK car imports to the US will drop from 27.5% to 10% for up to 100,000 vehicles annually, and tariffs on UK steel and aluminum will be eliminated. In return, the UK will ease trade barriers on US beef and ethanol while keeping its digital services tax on major tech giants. See details here.

 

Talks with other major US trading partners—including Japan, India, South Korea, and the European Union—are ongoing, with US-China negotiations scheduled for this weekend.

 

Soviet Capsule Returns

A Soviet-era rocket capsule, Kosmos-482, is due to hit Earth late tonight or early tomorrow. It is unclear where the 1,100-pound spacecraft will crash, with experts estimating a low (1 in 25,000) risk to humans. Track the spacecraft here.

 

Kosmos-482 was launched in March 1972, slated to become the Soviet Union’s ninth uncrewed mission to Venus as part of its Venera program (1961-83). While a similar mission launched days earlier made it to Venus, Kosmos-482 failed to escape low orbit, instead separating into four pieces. One piece burned up and two landed in New Zealand fields. Atmospheric drag has since pulled the landing capsule toward Earth. The titanium spacecraft is currently traveling at 17,000 miles per hour; it will hit Earth's surface at 150 miles per hour. 

 

The Venera program notched many successes, including humans’ first probe to land on another planet and the first to return images and sounds from another planet’s surface. Learn more about Venera here (w/photo).

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In The Know
 

Sports, Entertainment, & Culture

> Football coaching legend Nick Saban tapped to co-chair presidential commission on college athletics, examining a range of issues, including college athlete payment structures (More

> Universal Music Group files motion to dismiss Drake's updated defamation lawsuit, which alleges UMG damaged Drake's reputation by promoting Kendrick Lamar's diss track "Not Like Us" (More

> Several "Les Misérables" cast members to boycott June 11 Kennedy Center performance to be attended by President Donald Trump; those who perform will donate wages from the night to charity (More) | New "Lord of the Rings" film sets December 2027 release date (More)

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Science & Technology

> Many US cities are sinking, new analysis suggests; between 20%-65% of urban zones in all cities studied were dropping around a few fractions of an inch per year, primarily driven by large-scale groundwater extraction (More) | Read paper (More)

> Astronomers discover first example of an "off-center" massive black hole consuming a star; object is located roughly 2,600 light-years from Sagittarius A*, the massive black hole at the center of the Milky Way (More) | 1440 Topics: Black Holes (More)

> New study reveals eggs are more resilient to falls when landing on their side, overturning conventional wisdom; microstructure study finds sideways orientation acts as an efficient shock absorber (More

 

Business & Markets

> US stock markets close higher (S&P 500 +0.6%, Dow +0.6%, Nasdaq +1.1%) after US unveils outline of UK trade deal and signals optimism for talks with China (More) | Bank of England lowers interest rates to 4.25% from 4.5% (More

> Coinbase Global agrees to acquire Deribit, the world's biggest trading platform for bitcoin and ethereum options, for $2.9B (More) | Bitcoin climbs above $100K for the first time since February (More) | Learn more about bitcoin (More

> Bill Gates announces he will donate 99% of his remaining tech fortune (estimated at around $107B) to the Gates Foundation over the next 20 years; the foundation is set to close in 2045 and currently has a $77B endowment (More

Tencent: Learn about the lesser-known but influential Chinese tech company in next Thursday's 1440 Business & Finance newsletter.

 

Politics & World Affairs

> India accuses Pakistan of attacking three military bases with drones and missiles; Pakistan denies the claim (More) | Pakistan says its air force downed five Indian fighter jets, more drones (More) | Pakistan also says 125 Indian and Pakistani jets fought in the air for over an hour Wednesday; if true, would be among biggest air battles since World War II (More)

> Acting chief of Federal Emergency Management Agency is fired the day after testifying to Congress that FEMA should not be closed (More) | President Donald Trump pulls nomination for DC's top prosecutor known for firing Jan. 6 prosecutors amid pushback from congressional Republicans (More)

> At least 80 pro-Palestinian Columbia University students arrested Wednesday after taking over a library room (More)

 

In-Depth

> Sleeping Children

Nautilus | Suzanne O'Sullivan. In a Swedish bedroom, two young children appear catatonic. What is behind the relatively new phenomenon known as resignation syndrome? (Read)

> The Translator's Dilemma

Public Books | Lawrence Venuti. Translators are often faced with creative challenges, and may make unconventional choices when bringing literature to new audiences. Their artistry is often overlooked. (Read)

> Is This Late-Night TV’s Last Gasp?

NY Times | John Koblin. Ad revenue for late-night talk shows has fallen nearly 50% since 2018. Why have talk shows struggled to translate on streaming platforms, while podcasts seem to flourish? (Read)

> YouTube's Hollywood Sets

Hollywood Reporter | Alex Weprin. YouTube creators are amassing the resources to own and operate Hollywood-style sets and studios. (Read)

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Etcetera
 

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... and see the full ranking here

 

Champion skater turns two suitcases into roller skates. (w/video) 

 

Clickbait: Judge accepts AI testimony from beyond the grave.

 

Historybook: Billy Joel born (1949); Impeachment proceedings begin against President Richard Nixon (1974); Singer and civil rights activist Lena Horne dies (2010); Rock legend Little Richard dies (2020). 

"It's so nice to get flowers while you can still smell the fragrance."

- Lena Horne

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