Good morning. It's Tuesday, Dec. 10, and we're covering a person of interest in last week's fatal shooting of a CEO, a mega-merger between two advertising titans, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.
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CEO Shooting Suspect Seized |
Police have arrested a suspect in connection to the killing of UnitedHealthcare CEO Brian Thompson, who was shot outside of a Manhattan hotel last week. The suspect has been charged with five crimes in Pennsylvania, where he was found, including carrying a firearm without a license, forgery, and tampering with records. He has also been charged with murder in Manhattan.
Twenty-six-year-old Luigi Mangione was identified at a McDonald’s yesterday in Altoona, western Pennsylvania—roughly 280 miles from New York City, where the fatal shooting took place. Police say he was found carrying a so-called “ghost gun,” a firearm made using parts printed or purchased online that may be more difficult to trace or tie to past crimes. The silencer and other features were consistent with the murder weapon, according to authorities.
The suspect was also carrying multiple fake IDs and a handwritten, three-page manifesto allegedly criticizing the healthcare industry for prioritizing profit over patient care. See live updates here. |
Omnicom Group is acquiring Interpublic Group in a roughly $13B deal that would create the world's largest advertising agency valued at more than $30B. The companies are behind iconic marketing campaigns like “Got Milk” for the California Milk Processor Board, “Because I’m Worth It” for L’Oreal, and “Think Different” for Apple.
Under the terms of the stock-for-stock transaction, Omnicom shareholders will own 60.6% of the combined company, while Interpublic shareholders will own 39.4%. The combined entity will operate under the Omnicom name and trade under the OMC ticker symbol on the New York Stock Exchange. The deal is expected to have an annual cost savings of $750M and is set to close in the second half of 2025.
Omnicom is the third-largest advertising holding company globally by revenue, generating roughly $15B in 2023, while Interpublic follows with roughly $11B. Combined, the two agencies will surpass current industry leaders: UK-based WPP, which reported approximately $18B in revenue in 2023, and Paris-based Publicis Groupe, which reported nearly $16B in revenue. |
Researchers at Google reached a major milestone in the race to build practical quantum computers, revealing a device with an error rate that gets lower as the number of qubits increases. The company says the breakthrough could allow it to build a commercially viable quantum computer by the end of the decade.
Quantum computers rely on individual qubits, which harness the power of quantum mechanics but are highly susceptible to things like temperature fluctuations, potentially introducing errors. Google's Willow chip effectively spreads the quantum information across more than 100 qubits—making one, single "logical" qubit. See a deep dive here (w/video).
To demonstrate, researchers performed a benchmark calculation using Willow in about five minutes. In contrast, a supercomputer would take 714 trillion times longer than the age of the universe, which is about 14 billion years old, to perform the same computation. Researchers will now work to scale up multiple logical qubits connected together.
Learn about the basics of quantum computing and see the best resources on the topic from across the internet. |
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Sports, Entertainment, & Culture |
> New York Mets sign former New York Yankees superstar Juan Soto to 15-year, $765M contract, the most lucrative deal in sports history (More) | Dave Parker and Dick Allen elected to Baseball Hall of Fame via Classic Baseball Era Committee (More) |
> President-elect Donald Trump, Vice President Kamala Harris, and Elon Musk among shortlist of candidates for Time magazine's 2024 Person of the Year (More) |
> “Emilia Pérez” leads all films with 10 nominations for the 2025 Golden Globe Awards; "The Bear" tops on the TV side with five nods (More) | US Supreme Court Justice Ketanji Brown Jackson to perform in Broadway musical "& Juliet" this Saturday (More) |
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> Nature Magazine releases its annual list of the top 10 people shaping science and technology in 2024; efforts range from AI weather prediction to the detection of fraud in academic papers (More) |
> Social forum platform Reddit to test a conversational AI feature, allowing US users to ask questions and curate responses; model trained on years of user-generated content (More) |
> Physicists make first-ever observation of the antimatter partner of hyperhelium, using Europe's Large Hadron Collider; study provides insight into first fractions of a second following the Big Bang (More) | The antimatter mystery (More) |
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> US stock markets close lower (S&P 500 -0.6%, Dow -0.5%, Nasdaq -0.6%); investors await tomorrow's release of key inflation data—the consumer price index report (More) | Want to learn about Wall Street, the markets, and everything in between? Sign up for 1440 Business & Finance (Join here) |
> Nvidia faces probe in China over possible antitrust violations related to the chipmaker's 2020 acquisition of Israeli tech company Mellanox (More) | Hershey shares close up nearly 11% on reports of Cadbury-owner Mondelez exploring acquisition; Hershey previously rejected Mondelez's $23B takeover bid in 2016 (More) |
> Rupert Murdoch loses court bid to change his family’s trust to consolidate his eldest son Lachlan’s control of News Corp. and Fox Corp; the trust currently ensures all four of Murdoch's children have equal say in governing his media empire (More) |
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> Israeli Prime Minister Benjamin Netanyahu to take the witness stand for first time in ongoing corruption trial on accusations of fraud, breach of trust, and accepting bribes in three separate instances (More) |
> Former Marine Daniel Penny acquitted of criminally negligent homicide in the May 2023 New York City subway death of Jordan Neely; jury's decision came three days after a more serious charge of manslaughter was dismissed (More) |
> Haitian gang kills over 180 people, mostly elderly, in the capital of Port-au-Prince; gang leader reportedly targeted the group after consulting a voodoo priest who blamed them for giving the leader's son a severe illness through witchcraft (More) |
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> Regaining a Brain
Popular Science | Staff. In 1943, Lev Zasetsky suffered a gunshot wound to the brain, leaving him illiterate. In a case inspiring the late neurologist Oliver Sacks, Zasetsky managed to partially reconstruct his sense of the world and relearned how to write. (Watch)
> Undersea Surgeons
The New York Times | James Glanz, Elian Peltier, Pablo Robles. When a cable near the Ivory Coast failed in March, tens of millions of people in West Africa suddenly lost internet service. Our internet may seem invisible, but it relies on the cables deep underground and in the ocean—and the people who can fix them. (Read) |
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"If I can stop one heart from breaking, I shall not live in vain." |
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*Disclosure: "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study. |
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