6.24.2024

Facts, without motives.
 

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Good morning. It's Monday, June 24, and we're covering devastating floods in the Midwest, an extended stay for Boeing's Starship, and much more. First time reading? Join over 3.5 million intellectually curious readers. Sign up here.

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Need To Know
 

Rivers Swell in Iowa

A number of towns across Iowa's northwest and north-central regions were evacuated over the weekend as torrential rains swelled rivers and caused widespread flooding. Sioux County's Rock Valley, home to around 4,000 people, suffered severe flooding after a levee breach—official measurements showed the river cresting more than a foot above record levels (see data).

 

Many residents remain cut off from power and water treatment facilities. Gov. Kim Reynolds (R) declared a state of emergency and requested expedited federal aid. 

 

Separately, much of the eastern US endured high temperatures and humidity, with more than 100 million Americans under either a heat warning or heat advisory over the weekend. Thermometers reached the upper 90s along the I-95 corridor from Virginia to the Northeast, with Washington, DC, reaching triple digits. The heat is expected to recede toward the latter half of the week. 

 

Tel Aviv Protests

Tens of thousands of protesters gathered in downtown Tel Aviv over the weekend, calling for the government's resignation and for the return of around 120 hostages still believed to be held by Hamas. Organizers said the crowds were the largest since the beginning of the war.  

 

Despite the demonstrations, recent polling suggests a significant majority of Israelis support the current effort, saying the response to Hamas' Oct. 7 attack has either been about right (39%) or hasn't gone far enough (34%).

 

Separately, at least 65 Palestinians were killed in a series of Israeli strikes in both the northern and southern parts of Gaza. The death toll in Gaza has risen to above 37,400, according to the Hamas-run Health Ministry (see background on the agency); the number does not distinguish between combatants and civilians.

 

Meanwhile, Israeli Defense Minister Yoav Gallant arrived in the US, where funding for the war has become a political flashpoint ahead of the November elections. Prime Minister Benjamin Netanyahu will address Congress in person July 24. 

 

See further updates on the war here.

 

Stuck in Space

NASA officials said Friday the return of Boeing's Starliner spacecraft would be delayed indefinitely as engineers reviewed data from the inbound flight to the International Space Station. The vehicle reportedly suffered a number of small helium leaks and experienced issues with five (of 28) thrusters as it docked with the station in early June. 

 

While the mission was Boeing's first successful crewed launch of the Starliner, the overall effort endured a long series of delays (see timeline). Among other challenges, the first crewed mission was scrubbed in June 2023 after inspectors found flammable tape used aboard the spacecraft, while the current mission was delayed by a month due to a faulty relief valve.

 

SpaceX, operating under the same NASA contract awarded in 2014, first transported astronauts to the ISS in 2020. The vehicle is rated to stay in outer space for 45 days—a window that began ticking June 6. 

In partnership with EnergyX

The Lithium Boom

 

Is a modern-day gold rush happening right in front of our eyes? Lithium is the essential raw material for batteries in smartphones, computers, and now EVs. It takes 10,000 smartphone batteries to make only 1 EV car battery, which means demand for lithium is projected to soar 20x by 2040.

 

Creating a massive opportunity for investors, Elon Musk didn’t hold back, saying, “Do you like minting money? Well, the lithium business is for you.” EnergyX’s patented technology extracts up to 300% more lithium than traditional methods. That’s resulted in $90M+ of investments from GM and others. Just last week, EnergyX announced Project Lonestar, a US lithium plant supported by a $5M DOE grant, leading to a share price increase on June 27.

 

You have the opportunity to invest in EnergyX at their current share price for a limited time. This is a unique moment to invest on the ground floor as the company is set to unlock a massive lithium supply. Don’t miss your chance to invest in EnergyX, before June 27, at their current $9 share price. 

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In The Know
 

Sports, Entertainment, & Culture

> Florida Panthers and Edmonton Oilers meet tonight (8 pm ET, ABC) in decisive Game 7 in the Stanley Cup Final (More

> Reigning 100-meter world champ Sha'Carri Richardson runs 2024 world-leading time to qualify for Paris Olympics at Team USA track and field team trials; see complete results (More

> "Inside Out 2" becomes 2024's highest-grossing film, pulling in $285M at the US domestic box office just over a week after opening (More

 

Science & Technology

> The US to ban sales of antivirus software products from Russia-based Kaspersky Lab beginning in July, citing national security concerns; company is the world's fourth-largest antivirus software firm by revenue (More

> Most energetic neutrino ever observed potentially recorded by observatory built at the bottom of the Mediterranean Sea (More) | What are neutrinos, nature's "ghost" particles? (More)

> Population of Rapa Nui—or Easter Island, home to more than 1,000 giant statues—was likely small and resilient and relied on subsistence farming; new study counters theory of population collapse due to resource overconsumption (More

In partnership with hear.com

THIS is the best hearing device of 2024

Say hello to hear.com’s new IX hearing aid. This tiny German hearing aid is taking the US by storm this year.

 

Why? Partly because it’s tiny. Like secret-agent-device tiny. And partly because it boasts one of the world’s first-ever dual-processing system—and with double the power comes double the clarity. In non-science-y talk … you get maximum speech clarity with minimal background noise

 

Find out how you can join over 385,000 people hearing better than ever.

 
 

Business & Markets

> Markets end Friday mixed (Dow +0.0%, S&P 500 -0.2%, Nasdaq -0.2%), as chipmaker Nvidia (-3.2%) sees second straight day of drops (More)

> Existing US home prices hit record high in May with a median price of $419K, up nearly 6% year-over-year; rise comes despite new inventory of homes for sale jumping more than 18% over same time frame (More)

> Sportswear giant Under Armour to pay $434M to settle a class-action lawsuit filed by shareholders in 2017 alleging they were misled about the company's financial health (More)

 

Politics & World Affairs

> Four people killed, nine others wounded after shooter opens fire at an Arkansas grocery store; motivation for attack unclear, gunman was taken into custody after sustaining minor injuries (More)

> Russian officials blame the US for a Ukrainian strike in Crimea that killed six, wounded 100 people; Russia bombs the Ukrainian city of Kharkiv in back-to-back days, killing at least three people (More) | See war updates (More)

> More than 1,000 people dead during Hajj, the annual Muslim pilgrimage to the holy city of Mecca; officials blame extreme heat, with temperatures reaching 120 degrees Fahrenheit (More) | See previous write-up (More)

In partnership with EnergyX

How GM Is Securing Its Lithium Supply

 

The world will need to produce 3.8 million tons of lithium per year by 2035 to meet the demand for EVs. GM is turning to one startup to unlock US-based lithium supply: EnergyX. EnergyX’s technology can extract up to 300% more lithium than traditional methods.

 

GM led a $50 million funding round in EnergyX last year.  Now, EnergyX has opened the opportunity to investors. Take advantage of their limited-time $9/share price before June 27.

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Etcetera
 

"Wild Thang" named world's ugliest dog.

 

Breaking down America's addiction to grass (w/video).

 

When your friends use AI to write to you

 

Visualizing how hot your city will feel in the future.

 

Woman claims breach of contract after boyfriend fails in duties.

 

How long different liquors actually last.

 

Popeye, Pluto, and many more set to enter the public domain.

 

Cult classic flick "Spaceballs" gets a sequel.

 

Clickbait: Porch piracy is a competitive industry.

 

Historybook: Boxing great Jack Dempsey born (1895); First exhibit by Pablo Picasso opens in Paris (1901); Actress Mindy Kaling born (1979); Soccer star Lionel Messi born (1987); Condominium collapse in Surfside, Florida, kills 98 (2021). 

"It isn't up to the painter to define the symbols. The public who look at the picture must interpret the symbols as they understand them."

- Pablo Picasso

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*Disclosure: This is a paid advertisement for EnergyX's Regulation A+ Offering. Please read the offering circular at invest.energyx.com/.

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