Good morning. It's Thursday, July 25, and we're covering President Joe Biden's speech to the nation, a biannual injection that can prevent HIV, and much more. First time reading? Join over 3.5 million intellectually curious readers. Sign up here. |
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Biden Addresses the Nation |
President Joe Biden delivered an Oval Office address yesterday, his first speech since announcing he would end his 2024 presidential reelection bid.
Biden characterized his decision Sunday to exit the race as an effort to put aside ambition and pass the torch. He also touted his legacy and reiterated his endorsement of Vice President Kamala Harris. The address comes amid questions about the president's mental fitness to serve. Biden says he plans to prioritize his job as president for the next six months. Watch the speech here.
The address comes as Harris has raised $126M in three days, with over 60% of contributions coming from new donors. Separately, the Trump campaign filed a complaint with the Federal Election Commission this week challenging Harris' access to donations made to the Biden campaign, arguing the transfer of $91.5M in funds violates campaign finance limits. |
HIV Prevention Breakthrough |
A twice-a-year injection of the drug lenacapavir was 100% effective in preventing HIV infection in women during clinical trials, according to a study released yesterday. The drug—already used as a treatment for HIV infections—outperformed preventive treatments currently in use in regions with high HIV/AIDS mortality (see map).
Of the roughly 2,000 HIV-negative female participants from South Africa and Uganda who received the injection, no one became infected with HIV (see results). Fifty-five women from the other 3,000 participants who received commonly used daily pills Truvada or Descovy were infected. Experts suggest the injection could help offset adherence issues associated with the daily pill regimen, though the drug currently costs $40K annually in the US. Results from clinical trials on the drug's efficacy on men are expected next year.
Roughly 630,000 people died from HIV/AIDS-related causes in 2023, a significant decline from the 2.1 million in 2004. See more here. |
Texas-based cybersecurity firm CrowdStrike yesterday blamed a bug in its software for Friday's outage. In analyzing last week's crash, the company outlined its plans to prevent a reoccurrence, including staggering future software updates.
CrowdStrike's update, designed to fix a gap in malware security, was released simultaneously across all devices carrying its Falcon software. A bug in the code, however, caused an estimated 8.5 million Microsoft Windows devices to crash in what was the largest IT outage in history (see explanation here). The blackout led to technology failures across a variety of sectors, including hospital data systems, flights, and more, and costing Fortune 500 companies an estimated $5.4B. The company's CEO has been called to testify before Congress.
Separately, CrowdStrike reportedly offered $10 Uber Eats gift cards to some of its partners impacted by the outage. Some who received the vouchers found they were not redeemable, and the offer has since reportedly been rescinded. |
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In partnership with EnergyX |
Supercharging The Lithium Supply Chain |
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Sports, Entertainment, & Culture |
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> Salt Lake City selected to host 2034 Winter Olympics, 32 years after previously hosting the games in 2002 (More) | Tennis star Coco Gauff tapped to be Team USA's female flag bearer for tomorrow's opening ceremony (More) |
> NBA signs 11-year, $76B TV and media rights deal with ABC/ESPN, NBC, and Amazon despite last-minute pitch from Warner Bros. Discovery (TNT) to continue their longtime relationship (More) |
> John Mayall, 2024 Rock & Roll Hall of Fame inductee and influential British blues musician, dies at age 90 (More) |
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> AI models trained on AI-generated content quickly begin producing nonsensical outputs, study finds (More) | Cloud database firm Airtable launches AI-powered Cobuilder, which creates usable apps from text prompts (More) |
> Astronomers detect the exoplanet—Earth-like planet outside the solar system—observed using the James Webb Space Telescope is roughly six times the size of Jupiter; also marks the oldest and coldest exoplanet found to date (More) | What makes the Webb so powerful (More, w/video) |
> Neuroscientists discover brain circuitry triggered when someone experiences the placebo effect, where benefits of a drug are attributed to the patient's perception of the treatment (More) |
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In partnership with EnergyX |
The world will need to produce 3.8 million tons of lithium per year by 2035 to meet the demand for electric vehicles. General Motors is turning to one startup to unlock US-based lithium supply: EnergyX. EnergyX’s patented LiTAS™ technology can extract up to 300% more lithium than traditional methods.
GM led a $50 million funding round in EnergyX last year, and EnergyX is now opening up the opportunity for all investors to join them.
For a limited time, EnergyX invites you to join them as a shareholder.* |
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> US stock markets close lower (S&P 500 -2.3%, Dow -1.3%, Nasdaq -3.6%), weighed down by underwhelming reports from Alphabet and Tesla; S&P 500 and Nasdaq record worst single-day performances since 2022 (More) |
> Alphabet to invest additional $5B in its autonomous vehicle unit Waymo over the next few years; company reports Waymo is delivering 50,000 paid rides per week, primarily in San Francisco and Phoenix (More) |
> New report shows 18% of all US venture capital firms have one or more female leaders, double from 2018; however, total capital raised by female founders dropped to $34.4B in 2023 from $44.2B in 2022 (More) |
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> Israeli Prime Minister Benjamin Netanyahu advocates for ongoing US support for Israel-Hamas war in speech to joint session of Congress (More) | About 5,000 people protest; roughly half of congressional Democrats boycott (More) | President Joe Biden and Vice President Kamala Harris will meet with Netanyahu today (More) |
> FBI Director Christopher Wray reveals the shooter in the Trump assassination attempt researched details on the JFK assassination days before the attack, flew a drone 200 yards from the podium roughly two hours before rally (More) |
> Typhoon Gaemi hovers near the east coast of Taiwan, killing at least two people and injuring over 200 others after wreaking devastation on the Philippines (More) |
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> The Pressure to Publish
Nature | Max Kozlov. Academics often feel the pressure to publish—but run up against disinterested journals when their findings do not yield positive correlations. Now, some are working to push journals to publish "null" research, and to reward the scientific process, regardless of its conclusions. (Read)
> Queen of the Trad Wives?
The Sunday Times | Megan Agnew. Hannah Neeleman is a popular influencer and mother of eight. In this interview, she addresses her perceived role as a leading "trad wife," a term referring to women who embrace traditional gender roles. (Read) |
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