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- Drug Lords Captured, Solar Power Surge, and Dow's 654-Point Jump 📈
Drug Lords Captured, Solar Power Surge, and Dow's 654-Point Jump 📈
Good morning! It’s Saturday, and your daily Brief is here to kickstart your weekend with the top stories you need to know. Let’s dive in and get you up to speed.
Today’s top stories
JoaquÃn Guzmán Lopez and Ismael Zambada Garcia, key figures in the Sinaloa Cartel, were arrested in El Paso, Texas, for their involvement in fentanyl trafficking. The operation, coordinated by DHS and the FBI, marks a significant victory for U.S. authorities, though experts warn it may not disrupt the cartel's activities.
NYTimes + 44 • World News • US News
The Federal Reserve is expected to cut interest rates in mid-September after reviewing crucial economic data next week, a move anticipated by investors due to cooling inflation trends. Recent data shows core inflation holding steady and overall inflation decreasing from last year's peak, prompting calls for the Fed to reconsider its current stance to maintain economic stability. |
U.S. health officials have recalled Boar's Head liverwurst and other deli meats due to a listeria outbreak that sickened 34 people and caused two deaths. Consumers are urged to discard or return the products and clean their refrigerators to prevent further contamination.
NBC News + 4 • Health
The FAA has cleared SpaceX's Falcon 9 to resume launches after a liquid oxygen leak caused an engine failure on July 11. SpaceX plans a near-term fix and aims to launch the Starlink 10-4 mission soon, crucial for their schedule and NASA's upcoming missions.
Phys.org + 57 • Space
Solar power generation in the US surged by 25% in the first five months of 2024, driven by a boom in solar farm construction. Despite this growth, natural gas remains dominant, producing double the electricity of wind and solar combined, highlighting the need for further decarbonization efforts.
Ars Technica + 6 • Climate
Apple has joined 15 tech giants in adopting President Biden's voluntary AI safeguards aimed at mitigating biases, testing vulnerabilities, and watermarking AI content. The guidelines, while not legally binding, rely on corporate adherence as lawmakers continue to debate AI regulation.
Seeking Alpha + 12 • AI • Tech
The Dow Jones soared by 654 points, or 1.6%, achieving its fourth straight weekly gain, fueled by strong quarterly earnings and easing inflation data. Anticipation of a potential Fed rate cut in September and impressive performances from companies like 3M, which surged 23%, bolstered market confidence.
LA Times + 4 • Financial Markets
That’s a wrap for today’s Brief. Stay informed and ahead of the curve by visiting Brief on the web for more updates. If you enjoyed today’s edition, share the love and pass it on!
Talk soon,
The Brief Team