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Federal Spending, Netflix Uses AI, and Snoop's Soccer Team

Congress passed $9B rescission bill. Find this story and more in today's digest.

 

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Good morning. It's Saturday, July 19, and in this weekend edition, we're covering a multibillion-dollar spending cut, a popular streaming service leaning into AI, and much more. First time reading? Join over 4.5 million intellectually curious readers. Sign up here.

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One Big Headline
 

$9B Federal Budget Slash 

The US House early Friday morning approved $9B in cuts to public broadcasting and foreign aid programs, advancing President Donald Trump's budget agenda in a 216-213 vote largely along party lines. The House vote came ahead of a midnight Friday deadline and marked the first time since 1999 that Congress has approved a president’s effort to cancel previously authorized discretionary spending. The bill now heads to the White House for Trump’s signature. 

 

The package cancels $1.1B in previously authorized funding for the Corporation for Public Broadcasting, which subsidizes over 1,500 local media stations. It also rescinds nearly $8B from various foreign aid programs tied to public health, disaster relief, and peacekeeping. About $400M in funding for an HIV/AIDS prevention program was restored earlier this week after bipartisan pushback, helping to secure Senate approval of the package by a 51-48 vote Thursday. See what's in the bill here.

 

Separately, under Trump's direction, the Justice Department asked a federal court to unseal grand jury testimony related to the investigation of late sex offender Jeffrey Epstein. Trump also filed a libel lawsuit yesterday over a Wall Street Journal story alleging he sent Epstein an indecent birthday card.

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Quick Hits
 

Education Department releases $1.3B in frozen funding.

The now-available funding supports after-school and summer programming for low-income families. However, over $5B in funding for educational programming—including English language instruction and adult literacy—remains frozen as the Trump administration conducts a programmatic review to ensure it aligns with the White House's priorities. Earlier this week, more than 20 states filed a lawsuit against the administration over the withheld funds. 

 

US, El Salvador, and Venezuela coordinate prisoner swap.

The US sent 252 Venezuelans deported to a maximum-security prison in El Salvador back to their home country Friday in exchange for the return of 10 Americans detained in Venezuela. As part of the deal, the Venezuelan government also freed dozens of domestic political prisoners and detainees. The exchange follows the Trump administration’s use of a wartime law in March to deport more than 200 Venezuelan men accused of ties to the Tren de Aragua gang, allegations immigration attorneys and family members have denied.

 

Brazil's ex-president ordered to wear ankle monitor.

The nation's Supreme Court has ruled that former President Jair Bolsonaro wear an ankle monitor as he awaits trial over an alleged coup attempt in 2022. The order comes alongside a raid on his home early Friday morning. Bolsonaro is also barred from leaving his house at night, using social media, approaching embassies, and speaking with foreign officials or anyone under investigation, including his son. 

 

Netflix is using AI to cut costs and save time.

The film juggernaut used visual effects created by generative AI for the first time in one of its original TV shows. Thanks to the technology, creating a sequence of a building collapsing in the Argentinian sci-fi show "The Eternaut" became 10 times faster and financially feasible, CEO Ted Sarandos told investors Thursday. The announcement came as Netflix reported over $11B in revenue last quarter, a 16% rise compared to the same period last year. Learn more about Netflix here.

 

Scientists pinpoint vitamin D gene with cancer-fighting potential.

A team of scientists has identified the gene SDR42E1 as critical to how the body absorbs and processes vitamin D, a discovery with potential for highly targeted medical therapies. Using CRISPR gene-editing technology, the researchers disabled SDR42E1 in cell lines of a patient with colorectal cancer, cutting off the vitamin D supply the cancer cells needed to survive. The newfound understanding of the gene's connection to vitamin D could also help address vitamin D deficiency, which affects nearly 50% of the global population.

 

Chevron wins dispute with Exxon Mobil over Hess’ Guyana oil assets.

Chevron has finalized its $53B acquisition of energy company Hess, securing a 30% stake in the over 11 billion barrel-equivalents of oil and natural gas reserves off Guyana, a small nation on South America's North Atlantic coast. The deal had been in limbo for nearly two years due to a contractual dispute brought by Chevron's larger rival, Exxon Mobil. The Paris-based International Chamber of Commerce ruled in Chevron's favor Friday, clearing the way for the merger.

 

Stratospheric skydiver Felix Baumgartner dies in paraglider crash.

Known as "Fearless Felix," the former Austrian military parachutist became the first skydiver to surpass the speed of sound, reaching 843.6 mph during a more than 24-mile free fall over New Mexico in 2012. The feat set records for the highest manned balloon flight, as well as the highest and fastest jump in free fall. Italian officials confirmed Baumgartner’s death Thursday, after reports of a paraglider crashing into a swimming pool in the city of Porto Sant’Elpidio. He was 56.

Humankind
 

Ukrainian doctor drives through drone attack to secure heart for life-saving transplant. (More)

 

San Diego deacon encourages independence with bike giveaway program. (More

 

NICU nurse invites former patient to serve as her ring bearer. (More)

 

Neighbors host Christmas in June for girl with terminal cancer diagnosis. (More

 

Delta gate agent gives her kidney to frequent flyer. (More)

In partnership with Timeplast

Genius: A Plastic That Dissolves in Water

The world produces 450 million metric tons of plastic waste each year. Microplastics are seeping into our oceans, foods, and our bodies. So you can imagine how revolutionary a new kind of plastic that completely dissolves in water would be.

 

Enter Timeplast. They patented a water-soluble, time-programmable plastic that vanishes without harming the environment. Major players are already partnering with Timeplast for its patented technology.

 

Now, you have less than 2 weeks to invest as it scales in its $1.3T market. Become a Timeplast shareholder by 7/31.*

 
Humankind(ness)
 

Today, we're sharing a story from reader Hanisha V. in India.

 

"We stopped at the bakery to get some delicious cream buns and we took some extra with us before heading to the beach in hopes of giving it to someone who might need it. An old man approaches us seeking alms; before even reaching out for the bun, my uncle nearby asks him how he was doing. That simple question broke him (the old man) into tears. We did give him the bun and then some, after listening to his very touching story about his son and wife."

 

What act(s) of kindness did you experience this week? Tell us here.

Etcetera
 

Bookkeeping

$245,300: How much Fyre Festival sold the rights to its brand for on eBay.

749 miles: Longest journey by an EV on a single charge, set by Lucid Motors.

> 40: The number of birthday freebies a man secured on his 38th birthday

 

Browse 

Snoop Dogg becomes co-owner of Welsh soccer team.

> Legacy of the Appalachian Trail’s first female solo hiker

UNESCO just added 26 new World Heritage sites.

Neanderthals may have had family recipes

Inside a movement to help nature through music

 

Listen 

> Journaling as a strategy to unlock creativity.

>  How AI is shaking up the legal industry

 

Watch 

The entire history of English in 22 minutes.

Explaining the golden ratio.

> Why AriZona iced tea is always 99 cents.

 

Long Read 

Marriage is about learning to braid the bitter with the sweet

How a hunter-gatherer community in Central Africa raises parents.

 

Best of the Week: Girl's note to home residents found on empty toilet paper roll.

 

Historybook: Inventor and businessman Samuel Colt born (1814); First US women’s rights convention held (1848); Maurice Garin becomes first winner of Tour de France (1903); Sports journalist Stuart Scott born (1965); First GPS signal transmitted (1977).

"In football, as in life, the hits you don’t see coming are the ones that do the most damage."

- Stuart Scott, from "Everyday I Fight"

Why 1440? The printing press was invented around the year 1440, spreading knowledge to the masses and changing the course of history. More facts: In every day, there are 1,440 minutes. We’re here to make each one count.

 

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*Disclosure: This is a paid advertisement for Timeplast’s Regulation CF Offering. Please read the offering circular at invest.timeplast.com.

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