📊 Market Snapshot

• DOW: 🔼 0.36% (38,711.29)

• S&P 500: 🔼 0.15% (5,291.34)

• NASDAQ: 🔼 0.17% (16,857.05)

• BTC: 🔼 2.50% (70,508.60)

• ETH: 🔼 1.30% (3,814.88)

📎 Market Clips

• 10-year Treasury yield continues June decline amid weak labor market signals

_{*Stock numbers as of market close, cryptocurrency as of 5:50pm EST yesterday. Source for Market Clips.}

First Report

🚨 Biden’s New Asylum Order

President Joe Biden is set to sign an executive order that will halt asylum requests at the U.S.-Mexico border if daily encounters exceed an average of 2,500 migrants. The border will reopen for asylum seekers only when the daily average falls below 1,500. This order comes as part of Biden’s most aggressive unilateral effort to manage the border crisis, especially ahead of the upcoming elections. While Biden plans to announce this action on Tuesday, it remains unclear how it will be enforced and what level of cooperation will be required from Mexican officials. 👨‍⚖️ 🔎

TL;DR ⏳: Biden’s new executive order will shut down asylum if daily encounters at the border surpass 2,500, reopening only if they drop below 1,500.

Together with Bay Area Times

Visual-based newsletter on business and tech

Bay Area Times is a visual-based newsletter on business and tech, with 250,000+ subscribers.

Sign up with one click.

Second Report

⚠️ AI Industry Whistleblowers

In an open letter, current and former employees of leading AI companies, including OpenAI and Google DeepMind, have expressed concerns about the lack of safety oversight in the industry. They are calling for stronger protections for whistleblowers and increased transparency about AI systems’ capabilities and risks. The letter highlights the industry’s weak obligations to share crucial information with governments and the public, urging companies to adopt stricter accountability measures. 🤖 💼

TL;DR ⏳: AI workers urge for better safety oversight and whistleblower protections in an open letter, emphasizing the need for transparency and accountability in the industry.

⚡ Quick Hits

1. 📢 Trump asks judge to terminate gag order in hush money case

2. ⚖️ ‘No one is above the law’: Prosecutors argue even Hunter Biden must be held accountable in opening statement

3. 💸 Juror offered more than $120,000 for acquittal in ongoing federal fraud case, FBI says

4. 🗳️ Modi claims victory in India’s election but drop in support forces him to rely on coalition partners

5. 🏛️ U.S. House votes to sanction international court over warrants for Netanyahu and other Israeli officials

6. 🕯️ Silence and heavy security in China and Hong Kong mark 35th anniversary of the Tiananmen crackdown

7. 📈 8 Charlotte companies rank on the 2024 Fortune 500 list

8. 📅 Paramount postpones employee town hall as M&A questions swirl

9. 💊 FDA advisers consider MDMA therapy to treat PTSD

10. 📞 AT&T customers facing ‘nationwide issue’ impacting their ability to call non-AT&T users

Games

AI Image of the Day