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Milton Approaches, NYC Scandal Fallout, and Beer Can Art

Florida braces for Hurricane Milton. Mayor Eric Adams scandal fallout continues. Find these stories and more in today's digest.

 

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Good morning. It's Wednesday, Oct. 9, and we're covering a rare major hurricane poised to hit near Tampa Bay tonight, the latest charges related to New York City's mayor, and much more. First time reading? Join over 3.9 million intellectually curious readers. Sign up here.

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Need To Know
 

Florida Braces for Milton

Hurricane Milton is set to make landfall in the Tampa Bay area this evening as a Category 3 storm with winds of 111-129 mph, the first major hurricane to hit the area in over 100 years. See a time-lapse video of Milton from space here (via X).

 

The region's west-facing geographic location and typical weather patterns make direct hurricane landfalls less common but not impossible. The prevailing east-to-west trade winds often push storms originating in the Gulf of Mexico westward. The shallow continental shelf off the coast—up to 90 miles offshore with depths less than 300 feet—creates ideal conditions for large storm surges, essentially acting as a ramp allowing the water to build up as it approaches the shore.

 

The last major hurricane to directly hit the region was in 1921 when a Category 3 storm brought 110 mph winds and an 11-foot storm surge that caused severe damage, costing roughly $180M in 2024 dollars. Milton is expected to move across central Florida before entering the Atlantic Ocean. 

 

US Lead Pipe Removal

US regulators finalized rules yesterday requiring water utility operators to replace all lead pipes used in water lines within 10 years. The regulation, first announced in November, also requires utilities to test all water systems used by elementary schools, the first-ever national requirement. 

 

Lead replaced iron as the preferred metal for drinking water pipes in the US in the late 1800s due to its durability, malleability, and resistance to corrosion. However, the health effects of lead poisoning—which include developmental issues in children and heart disease in adults—have long been known (see background). By 1900, roughly 70% of large cities used lead in water pipes, as well as in gasoline, paint, and more. Its usage in pipes in new construction was federally banned in 1986, but communities continued to be affected, particularly in Flint, Michigan's water crisis a decade ago. 

 

The Environmental Protection Agency estimates more than 9 million US homes are serviced water via lead pipes. Analysts say the cost of replacement could exceed $45B.

 

NYC Scandal Fallout

A former New York City official was arrested yesterday and charged with witness tampering and destroying evidence tied to an ongoing federal probe surrounding Mayor Eric Adams (D) and his administration. 

 

Mohamed Bahi, who served as a senior community affairs liaison and resigned Monday, is the latest person in a growing number of Adams administration officials who have resigned or either been fired, charged, or investigated (see visual guide). Bahi's federal charges stem from illegal contributions to Adams' 2021 mayoral campaign as well as allegedly deleting an encrypted messaging app (used to communicate with Adams and others) hours before federal authorities searched Bahi's home. 

 

New York City's First Deputy Mayor Sheena Wright also resigned yesterday, following the resignations of her husband, Schools Chancellor David Banks, and her brother-in-law, Deputy Mayor for Public Safety Phil Banks. 

 

The latest developments come after Adams was indicted last month on charges including bribery and wire fraud. Adams has vowed to continue his term. 

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In The Know
 

Sports, Entertainment, & Culture

> OpenAI signs deal with Hearst—publishing giant responsible for Esquire, Cosmopolitan, and more—that will provide direct citations to Hearst's content via ChatGPT (More

> New York Jets fire head coach Robert Saleh after 2-3 start to the NFL season (More) | Luis Tiant, Cuban-born three-time MLB All-Star pitcher, dies at age 83 (More)

> Disney World, Universal Studios, and Sea World among theme parks to close as central Florida braces for Hurricane Milton (More

 

Science & Technology

> Nobel Prize in Physics awarded to John Hopfield (Princeton University) and Geoffrey Hinton (University of Toronto) for foundational work in machine learning (More) | Prize in Chemistry awarded this morning at 5:45 am ET; see selection (More) | The history of the Nobel Prize (More, w/video)

> Study suggests elephants remember former zookeepers by scent more than a decade after separation; findings shed light on the long-term memory and social relationships of the animals (More

> Engineers demonstrate solar-powered desalination system requiring no external batteries to remove salt from water (More) | Desalination 101 (More)

In partnership with Miso Robotics

One Giant Leap for AI

The move from prototype to commercial product is a critical step for any startup. It’s a sign that they’ve proven their tech, their customers want it, and they can now start making money. 

 

Miso Robotics just did it with a sold-out run of their first commercial robot. Miso’s honed Flippy, their AI-powered kitchen robot, in the kitchens of some of the world’s top fast food brands, like White Castle. And unlike most successful startups, you can invest in Miso at this pivotal moment. 

 

Become a Miso shareholder before this opportunity ends on Oct. 18.*

 
 

Business & Markets

> US stock markets close higher (S&P 500 +1.0%, Dow +0.3%, Nasdaq +1.5%) led by tech stocks (More) | The history of Wall Street, from colonial wall to a financial powerhouse (More, w/video)

> China imposes tariffs on EU brandy imports following the bloc's tariffs on Chinese electric vehicles; France, which supplies 99% of China's brandy imports, expected to be hard-hit (More) | See EU-China trade data (More, w/graphics)

> PepsiCo reduces 2024 revenue outlook following disappointing Q3 earnings report (More) | Walmart expands pet care offerings—including veterinary care, grooming—to five locations in Arizona, Georgia (More)

 

Politics & World Affairs

> Over a dozen states sue TikTok, accusing the social media platform of harming children's mental health through addictive algorithms, violating consumer protection laws (More, free w/email) | The rise of TikTok (More, w/video)

> Israel says it has killed at least two unnamed, would-be successors to Hezbollah leader Hassan Nasrallah; Hezbollah has not commented as of this writing (More) | Who is Hashem Safieddine, Nasrallah's presumed successor? (More) | FBI arrest Afghan man who was allegedly plotting an Election Day attack in the US (More

> Supreme Court indicates it is likely to uphold Biden administration's 2022 regulations on sales of unserialized gun part kits, following oral arguments (More) | See previous write-up (More

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Etcetera
 

Teenager beats Tetris in world first, returning to level 0.

 

Which generation are you in, and what does it mean?

 

Tiny parasitic wasp saves bird species from extinction.

 

From Ebola to the bubonic plague, explaining zoonotic diseases. (via YouTube)

 

How black widow spider's deadly venom works.

 

Passenger lands plane after pilot suffers cardiac arrest. (w/video)

 

... and JetBlue drops hot meals from transatlantic flight menus.

 

German language agency accepts English apostrophe.

 

Clickbait: Beer can art is mistaken for regular trash.

 

Historybook: John Lennon born (1940); Landslide in Italy kills more than 2,000 (1963); Cuban Revolution figure Che Guevara is executed (1967); Women and girl's education activist Malala Yousafzai survives assassination attempt (2012). 

"Education is one of the blessings of life—and one of its necessities."

- Malala Yousafzai

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*Disclosure: This is a paid advertisement for Miso Robotics Regulation A offering. Please read the offering circular at invest.misorobotics.com.

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