Good morning. It's Thursday, Nov. 13, and we're covering the end of the US' longest-ever shutdown, the final pressed penny, and much more. First time reading? Join over 4.5 million insatiably curious readers. Sign up here.
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Breaking news: President Donald Trump signed legislation yesterday to end the US' longest-ever federal government shutdown (43 days) after the House voted 202-209 to reopen the government. See live updates here. |
The House Oversight Committee released more than 20,000 pages of subpoenaed documents from its ongoing investigation into the late sex offender Jeffrey Epstein. The decision followed Democrats' release of three emails by Epstein referencing President Donald Trump.
In a 2011 email, Epstein asserted to co-conspirator Ghislaine Maxwell that Trump "spent hours" in his home with Virginia Giuffre, one of Epstein's victims. In 2016, Giuffre—who has since died by suicide—said she did not witness Trump engaging in inappropriate behavior with minors. A second email from 2011 referred to Trump as "the dog that hasn't barked." In a third email from 2019, Epstein asserted to author Michael Wolff that Trump "knew about the girls." Trump maintains his friendship with Epstein ended in the early 2000s, prior to Epstein's 2008 conviction.
Following the documents' release, a group of 218 House members signed a petition to force a floor vote requiring the Justice Department to release more documents. See live updates here. |
Hearings began yesterday to finalize Purdue Pharma's $7.4B bankruptcy plan. If approved, the settlement will be the largest to date surrounding the US' decadeslong opioid epidemic.
Purdue released OxyContin, a powerful prescription painkiller, in 1996. The drug has since been blamed for fueling the opioid epidemic, resulting in more than 645,000 US deaths. Purdue filed for bankruptcy in 2019 to settle thousands of lawsuits accusing the company of downplaying the drug's addictive nature. However, the Supreme Court blocked a $6B settlement last year on the grounds that bankruptcy courts cannot prevent future lawsuits against third parties not covered by the bankruptcy. This latest deal—settling civil claims by all 50 states and US territories—does not preclude individuals from bringing future lawsuits.
As part of the settlement, Purdue Pharma is creating a new company, Knoa Pharma, that will provide addiction treatment and medicines at cost. Settlement money will also be used to fund state-run addiction treatment and prevention programs. Learn more about opioids via 1440 Topics here. |
The US Mint in Philadelphia pressed its final penny yesterday. President Donald Trump ordered an end to penny production earlier this year as costs neared 4 cents per 1-cent coin.
The first penny, minted in 1793, was pure copper, featured Lady Liberty, and could be used to buy a piece of candy. President Theodore Roosevelt directed the Mint to place Abraham Lincoln on the coin in 1909, and rising copper prices prompted the Mint to start making the penny primarily of zinc in 1982. Though inflation and digital transactions have rendered pennies less necessary, the Mint issued over 3.2 billion last year, accounting for over half of US coin production. The Treasury expects to save about $56M annually by discontinuing the penny, which saw production costs rise over 20% last year.
Merchants have been rounding prices and requiring exact change amid recent penny shortages. A bipartisan bill proposes rounding cash transactions to the nearest nickel, which is illegal in at least 10 states. |
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Sports, Entertainment, & Culture |
> Los Angeles 2028 Olympic Games Day 1 to feature most-ever women's finals on a single day, including women's track and field 100-meter and triathlon (More) | View full schedule (More) |
> NBA announces changes to 2026 NBA All-Star Game featuring two teams of US players and one team of international players (More) | Paul Skenes wins MLB Cy Young Award for best pitcher; Most Valuable Player announced tonight (More) |
> Actor James Van Der Beek, 48, to auction "Dawson's Creek" memorabilia to help pay for his Stage 3 colorectal cancer treatments (More) | Singer Adele to make acting debut in movie by fashion mogul and filmmaker Tom Ford (More) |
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> Intense solar storms foil second launch attempt of Blue Origin rocket carrying twin Mars orbiters for NASA; first attempt Sunday called off due to Earth weather (More) |
> Neuroscientists change neural connections in brains of mice with Down syndrome; breakthrough could yield new treatments for neurodevelopmental disorders (More) |
> Researchers discover Epstein-Barr virus can infect white blood cells and trigger lupus; finding could lead to better treatments for autoimmune disease (More) |
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In partnership with EnergyX |
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JP Morgan’s $1.5 Trillion Bet |
JP Morgan didn’t become the world’s biggest bank by luck, so their $1.5 trillion investment into critical minerals turned heads.
Mineral demand is massive and growing, and is now key to national security. Take lithium. By 2040, demand will 18X the amount currently produced. No wonder JP Morgan is all in on critical minerals. It’s also why General Motors backed EnergyX, whose tech can produce up to 3X more lithium than traditional methods.
EnergyX is preparing for commercial production on a potential $1.1B/year revenue project, at projected lithium market prices. Invest now.* |
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> US stock markets close mixed (S&P 500 +0.1%, Dow +0.7%, Nasdaq -0.3%); Dow closes at record high for second consecutive day (More) | October jobs and inflation reports unlikely to be released due to shutdown, White House says (More) |
> Anthropic to spend $50B on US AI infrastructure, beginning with custom data centers in Texas and New York (More) |
> Kim Kardashian's shapewear brand Skims valued at $5B after securing $225M in funding round led by Goldman Sachs (More) |
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> Colombian military kills at least 19 people in rebel group accused of trafficking drugs; airstrikes come amid US military's ongoing campaign against narcotrafficking boats in the Caribbean (More) |
> Ukrainian investigators raid home of President Volodymyr Zelenskyy's former business partner, other top aides as part of $100M corruption investigation (More) |
> Italian public prosecutor opens investigation into allegations Italian citizens paid large amounts to travel to Bosnia-Herzegovina and shoot at civilians (More) |
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> The Night Witches
1440 Daily | Staff. Young Soviet women—including teens—flew wooden crop dusters on midnight bombing runs that terrified the Nazis, nicknaming them "Night Witches." Their story remains one of World War II’s most overlooked legends. (Watch) |
> The Army Ringer
ESPN | Andy Demetra. The chaotic story of Leonard Wood, a 33-year-old Army surgeon who showed up to Georgia Tech on horseback, survived a drawn knife and a train escape, and led the school's football team to its first win. (Read) |
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In partnership with SmartAsset |
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Capital Gains: Which Expenses Can You Deduct? |
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Clickbait: AI music is fooling everyone.
Historybook: Walt Disney’s groundbreaking animated film "Fantasia" premieres (1940); Actress and comedian Whoopi Goldberg born (1955); Montgomery bus boycott pushes US Supreme Court to rule Alabama bus segregation illegal (1956); Kim Ng named first female MLB general manager (2020) |
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"Art and life are subjective. Not everybody’s gonna dig what I dig, but I reserve the right to dig it." |
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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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