Good morning. It's Tuesday, June 27, and we're covering sentencing in the Colorado Springs nightclub shooting, a plan for nationwide internet access, and much more. First time reading? Sign up here.
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Wagner Group leader Yevgeny Prigozhin in a statement yesterday reiterated the private mercenary group didn't seek to overthrow the Russian government over the weekend, but rather protect the group from the country's military.
Prigozhin's statement was the first since the Wagner Group's short-lived mutiny (see our previous write-up). He said the group's march toward Moscow was in response to Russia's defense ministry ordering mercenaries to sign contracts with the military by July 1, thereby dismantling the Wagner Group. Prigozhin further said the group had planned to hand over military weapons it was using in the war against Ukraine by June 30, but the military's alleged attack on Wagner forces pushed them to act.
Russian President Vladimir Putin, in an address to his nation Monday night, noted Wagner mercenaries could sign contracts with the defense ministry or head to Belarus as part of a brokered deal. See all updates on the war here.
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The suspect in the mass shooting at an LGBTQ+ nightclub in Colorado Springs, Colorado, pleaded guilty yesterday to five counts of first-degree murder, 46 counts of attempted first-degree murder, and no contest to two counts of hate crimes.
The 23-year-old suspect, who is nonbinary, opened fire in November 2022 with an AR-15-style semi-automatic rifle and a handgun at the Club Q nightclub, resulting in five deaths and 17 injuries. The shooter was tackled and disarmed by clubgoers before being taken into custody. The massacre came over a year after the suspect had been arrested and threatened to become "the next mass killer."
As part of the plea deal, the suspect will serve five consecutive life sentences for the murder charges and 46 consecutive 48-year sentences for the attempted murder charges. The deal avoided a trial; however, the victims' family members were allowed to share statements in court. It remains unclear whether prosecutors will file federal hate crimes charges.
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The Biden administration announced the release of $42.5B in funding for nationwide broadband internet access yesterday, part of the $1T bipartisan infrastructure law passed in November 2021. The administration plans to extend high-speed broadband access to every American by 2030.
Broadband internet—the nation's default internet infrastructure—is faster than dial-up service and is always on. Average household monthly broadband usage has skyrocketed from 9 gigabytes per month in 2010 to nearly 600 gigabytes in 2023. Plans to deploy these funds have been delayed as regulators sought more accurate coverage maps (see here) for the roughly 114 million homes and businesses in the country, approximately 7% of which reportedly lack adequate internet speeds. Projects could begin construction as early as mid-2024.
The package will see every US state receive at least $107M, with more allotted to those states assessed to have greater need; Texas will receive the largest portion at $3.8B. See what every state will receive here.
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In partnership with Masterworks
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Profit From a $45 Million Banksy Collection?
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Yes, that's right, THE Banksy. It may sound too good to be true but this investment platform's users are already benefiting. It's all made possible by Masterworks, who sold a multimillion-dollar Banksy on behalf of everyday investors for a 32% net gain. And that's just one of their sales—Masterworks has completed 13 exits, all of them profitable, with three recent sales delivering net annualized returns of 17.8%, 21.5%, and 35%.
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Shares of every offering are limited, but 1440 readers can skip the waitlist with this exclusive link.*
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Sports, Entertainment, & Culture
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> Fox News taps Jesse Watters for prime-time slot previously hosted by Tucker Carlson; Carlson was ousted in April after 14 years with the network (More)
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> Ryan Reynolds and Michael B. Jordan among group purchasing 24% equity stake in Alpine Racing, valuing the Formula One team at $900M (More) | Boston Red Sox owners purchase Boston team for Tiger Woods' new tech-infused golf league (More)
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> Edmonton Oilers' Connor McDavid wins NHL MVP for third time (More) | LSU tops Florida 18-4 in Game 3 to win its seventh Men's College World Series title (More)
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> Nobel Prize-winning physicist and inventor of the lithium-ion battery, John B. Goodenough, dies at age 100 (More)
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> James Webb Space Telescope makes first observation of compound known as methyl cation in space, which plays a key role in the production of more advanced carbon-based compounds (More)
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> New weight-loss drug from Eli Lilly shows an average drop of 24% body weight over 48 weeks in phase 2 clinical study, the most effective results to date for the new class of drugs known as semaglutides (More) | How the new weight-loss drugs work (More)
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> US stock markets close lower (S&P 500 -0.5%, Dow -0.04%, Nasdaq -1.2%) led by decline in tech stocks (More)
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> Amazon to launch Hub Delivery service, will partner with local businesses to deliver packages (More)
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> IBM to acquire IT management software maker Apptio from private equity firm for $4.6B (More)
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> US Supreme Court rejects Ohio State University's bid to dismiss lawsuits over alleged sexual abuse by now-deceased university doctor (More) | Supreme Court dismisses Louisiana's appeal to prevent state's congressional map from being redrawn, returns case to lower court (More)
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> Federal regulators approve New York City's congestion pricing plan, the first of its kind in the US, to charge a daily toll on vehicles entering Manhattan's central business district (More) | Richard Ravitch, New York's former lieutenant governor and former chairman of the Metropolitan Transportation Authority, dies at 89 (More)
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> Florida Gov. Ron DeSantis (R), a 2024 presidential candidate, unveils immigration and border policy plan, which includes ending citizenship for children of migrants born in the US among other proposals (More) | See all presidential candidates (More)
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> Remembering Highland Park
Chicago | Mike Thomas. Six key individuals look back on the mass shooting during a Fourth of July parade in Highland Park, Illinois, in which seven people were killed last summer. (Read)
> Shells to Shoreline
PBS | Roby Chavez. A look at Louisiana’s "living shorelines" project, which since 2016 has protected 8,000 feet of shoreline by recycling 13 million pounds of oyster shells from New Orleans-area restaurants. (Read)
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In partnership with Masterworks
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98% of the Rich Invest 5% In Art–So Can You
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