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Good morning. It's Tuesday, June 20, and we're covering the search for a submarine that vanished on its way to see the Titanic, fatal temperatures in India, and much more. First time reading? Sign up here.


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Need To Know

Titanic Tourist Sub Missing

Canadian and American Coast Guards were searching yesterday for a lost tourist submersible near the wreckage of the Titanic in the northern Atlantic, roughly 370 miles off the coast of Newfoundland, Canada. The 23,000-pound, truck-sized vehicle called Titan last transmitted its regular signal Sunday afternoon; officials claim the vehicle has enough oxygen for three to four days.


The missing submersible's owner, OceanGate Enterprises, offers eight-day, $250K excursions to venture 12,000 feet below the ocean surface and view the shipwreck where over 1,500 people died in 1912. Officials said five people were on board the submersible, with independent reports claiming British billionaire Hamish Harding is among those missing (see passengers). Commercial dives are limited by a 2020 international treaty barring the removal of artifacts from the site, though many adventurers—including a couple who exchanged wedding vows there in 2001—have descended just for the views. 


Last month, the first-ever 3D imagery of the entire wreckage site was released, helping researchers to better analyze the ship's descent. See the scans here


Migrant-Smuggling Suspects

Nine Egyptian men pleaded not guilty in a Greek court yesterday for their alleged role in a migrant-carrying boat that capsized off the southwestern coast of Greece last week. At least 78 people were killed, marking the deadliest such event in Greek waters this year. 


The nine men, who were reportedly identified by some of the boat's survivors as members of a smuggling ring, face charges of human trafficking, causing the shipwreck, and endangering lives. The suspects are due back in court today. The overcrowded fishing boat, believed to be carrying up to 750 people, was on its way to Italy from Libya—described by the UN as being part of the world's most dangerous maritime route—before it sank Wednesday. At least 104 people have been rescued so far. See our previous write-up here.


In related news, authorities in Pakistan arrested 14 people for allegedly trafficking migrants in connection with the capsized boat. 


India Heat Wave

The death toll in northeastern India continues to rise, with reports saying nearly 170 people have died from heat-related illnesses caused by an intense heat wave.


The recent scorching temperatures, reaching highs near 113 degrees Fahrenheit over the weekend, have been consistently above normal. Power outages have further compounded the issue, prompting the government to call for electricity conservation measures—only 12% of India's population of 1.4 billion people have air conditioning and many units are often inadequate.


Authorities are also investigating alternative potential causes of the deaths as many symptoms deviate from the usual signs of heat-related illness, and many of the victims are over the age of 60 with preexisting conditions. One possibility being explored is water contamination; India frequently faces severe water shortages during heat waves, leaving tens of millions without access to running water.


Increasing heat waves have overwhelmed the country in recent years, including an incident in May that claimed the lives of 13 people in western India. Additionally, Asia experienced its hottest April on record.

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In The Know

Sports, Entertainment, & Culture

In partnership with Jones Road

> British-American author Salman Rushdie to be awarded with prestigious Peace Prize of the German Book Trade; Rushdie lost sight in one eye after August 2022 stabbing (More)

> Basketball Hall of Famer Bob Huggins resigns as head coach of West Virginia and retires following DUI arrest (More) | First medals awarded at 2023 Special Olympics World Games in Berlin (More)

> Big Pokey, pioneering Houston rapper, dies at 45 after collapsing during performance (More) | Search for actor Julian Sands continues five months after he went missing on a hike in January (More)

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Science & Technology

> Ransomware group BlackCat threatens to release 80GB of Reddit user data; demands include $4.5M and a reversal of plans to charge to integrate with platform (More) | See yesterday's write-up on Reddit user protests (More)

> James Webb Space Telescope finds no evidence of an atmosphere on the exoplanet TRAPPIST-1 c; the seven-planet TRAPPIST-1 system has long excited scientists as hosting potentially habitable planets (More)

> Fossil evidence suggests long-necked swimming reptiles were easily decapitated by larger predators; evolutionary pressure from the danger may have contributed to their disappearance (More)


Business & Markets

> Intel to invest $33B in Germany and $25B in Israel amid global expansion efforts (More)

> Indian discount airline IndiGo announces largest-ever plane order for 500 Airbus jets; the deal was announced on the opening day of the Paris Air Show, the world's largest trade event on the aviation and space industry (More)

> Google receives approval from city of Mountain View, California, to build an over 150 acre neighborhood with office space and 7,000 residential units (More)


Politics & World Affairs

> Ukraine says it has retaken eight villages from Russian forces as part of its counteroffensive in the last two weeks (More) Russia begins trial against jailed opposition figure Alexei Navalny over new extremism charges, potentially keeping him in prison for another 30 years (More

> Justice Department Special Counsel John Durham to testify on Capitol Hill today and tomorrow following May report on origins of Russian election interference claims (More) | US judge approves protective order preventing former President Donald Trump from disclosing information from classified documents probe (More)

> At least one person dead and nearly two dozen injured after tornadoes strike Mississippi as part of severe weather system sweeping through southeast US (More



> The Vargas Legacy

MLB | Juan Toribio. A look at how Los Angeles Dodgers player Miguel Vargas—the son of Cuban baseball legend Lazaro Vargas—has carved his own identity separate from his father's legacy. (Read)


> Disney's Journey into the Bayou

Billboard | Rebecca Milzoff. How Disney is leveraging music and the city of New Orleans to transform Splash Mountain into Tiana's Bayou Adventure, creating an authentic experience that stems from extensive research and includes an original song. (Read)

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Historybook: Samuel Morse patents the telegraph (1840); Beach Boys cofounder Brian Wilson born (1942); Mobster Bugsy Siegel is murdered (1947); Actress Nicole Kidman born (1967); Manjil–Rudbar earthquake kills 35,000-50,000 (1990).

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1. "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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