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Harvard & T-Mobile
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📊 Market Snapshot
DOW: 🔽 0.55% (38,852.86)
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ETH: 🔽 1.32% (3,839.42)
📎 Market Clips
10-year Treasury yield climbs past 4.5% after disappointing auction
*Stock numbers as of market close, cryptocurrency as of 5:25pm EST yesterday. Source for Market Clips.
First Report
📚 Harvard’s New Policy
In a pivotal shift, Harvard University declared it will abstain from commenting on public matters unrelated to its “core function.” This decision follows a period marked by significant controversy, including the resignation of its first Black president, Claudine Gay. The new stance, advocated by a working group formed in April, aims to maintain the university’s integrity by focusing solely on issues that directly impact its academic freedom and autonomy. 🏛️ ❌
TL;DR ⏳: Harvard will now only address public issues that directly impact its educational and operational mandate.
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Second Report
📱 T-Mobile Expands Reach
T-Mobile has announced a massive $4.4 billion acquisition of U.S. Cellular’s wireless operations, including customers, stores, and a significant portion of its spectrum assets. This strategic move is expected to enhance T-Mobile’s network coverage and comes after U.S. Cellular’s exploration of strategic options last year. U.S. Cellular will retain 70% of its spectrum and remain a key player with ownership over thousands of telecom towers, with T-Mobile becoming a major tenant. 🛜 💵
TL;DR ⏳: T-Mobile is set to acquire U.S. Cellular’s operations for $4.4 billion, aiming to boost service coverage and efficiency without affecting its 2024 financial outlook.
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⚡ Quick Hits
🌪️ Eastern states face severe Memorial Day weekend weather with Texas expecting additional storms
🚨 American detained in Turks and Caicos for ammo in luggage serves jail time, must pay $9,000 fine
⚖️ Judge Cannon denies gag order request against Donald Trump in classified documents case
🗳️ Democrats adjust nomination strategy to secure Biden’s spot on the Ohio ballot
🔫 Former South Dakota mayor and officer face charges in triple homicide
🏞️ Teenager miraculously survives 400ft fall in Washington state canyon
🔥 Israeli tanks strike evacuation area west of Rafah
🚢 US suspends Gaza aid shipments as Biden’s $320 million ‘floating pier’ begins sinking
🏦 Former FTX executive cooperating against Sam Bankman-Fried receives 7.5-year prison term
🚗 Porsche unveils new hybrid 911 model as consumer preference shifts towards hybrids over electrics
Games
Fun Fact: Did you know? London is home to the UK’s smallest statue: a minuscule mouse sculpture perched on Philpot Lane. This petite statue not only adds whimsy to the cityscape but also serves as a popular spot for tourists seeking the quirkier side of London. Fancy a tiny treasure hunt?
Blitz Betting: Rock, Paper, Scissors(tap on your bet) |