TikTok & Missiles

Heyo, reader! We hope you’re having a good Wednesday morning!

2️⃣ This Morning’s Two Reports:

• 🎶 TikTok's Uncertain Future

• 🚀 North Korea Flexes Nuclear Capabilities

📊 Market Snapshot

• DOW: 🔼 0.69% (38,503.69)

• S&P 500: 🔼 1.20% (5,070.55)

• NASDAQ: 🔼 1.59% (15,696.64)

• BTC: 🔽 0.67% (66,411.60)

• ETH: 🔼 0.59% (3,219.66)

📎 Market Clips

• Former Fed Vice Chair Richard Clarida predicts the Fed may lean towards fewer, more aggressive rate cuts

• Japan and South Korea might align on currency intervention, pending U.S. support

_{*Stock numbers as of market close, cryptocurrency as of 7:45pm EST yesterday. Source for Market Clips.}

First Report

🎶 TikTok's Uncertain Future

After the House of Representatives greenlit a bill demanding TikTok's parent company ByteDance either sell the app or face a ban, the Senate appears poised to follow, with President Biden ready to sign it into law. Despite this, a TikTok ban might not be immediate. ByteDance plans to challenge the bill in court, which could delay any real effects for years. The earliest a ban could potentially occur is more than a year from now, but with legal challenges and possible Supreme Court reviews, TikTok might operate normally until at least 2026. 🏛️👨‍⚖️

TL;DR ⏳: TikTok's ban in the U.S. could take years to implement due to impending legal battles and court reviews.

Second Report

🚀 North Korea Flexes Nuclear Capabilities

Overseeing the operations himself, North Korean leader Kim Jong Un conducted what local media called a nuclear force readiness drill, launching short-range ballistic missiles that traveled about 185 miles into the waters between Korea and Japan. The drill coincided with a joint U.S.-South Korea military exercise, intensifying regional tensions. The purpose of North Korea's drill was to showcase the strength and reliability of its nuclear arsenal, suggesting significant advancements in their military capabilities despite international concerns. 🇰🇵☣️

TL;DR ⏳: Amidst joint U.S.-South Korea military exercises, North Korea conducted a missile test drill to assert its nuclear capabilities and readiness.

⚡ Quick Hits

1. 👨‍⚖️ Judge questions Trump defense’s 'credibility' in gag order session before 'catch and kill' testimony

2. 🏛 Speaker Johnson to visit Columbia University amid ongoing protests

3. 🏫 Tennessee legislators approve bill to arm teachers and school staff

4. 🗳 Pennsylvania primaries 2024: Get live results and analysis

5. ☕ Starbucks poised to triumph in Supreme Court clash with federal labor agency

6. 🌊 Migrants perish in English Channel shortly after UK adopts Rwanda policy

7. 🚀 Australian PM brands Elon Musk an 'arrogant billionaire' amid dispute over attack video

8. 🚫 U.S. prohibits noncompete clauses for most jobs

9. 🛒 Amazon launches $9.99 unlimited grocery delivery service for Prime members

10. 💼 New Biden regulation could extend overtime pay to 4 million salaried employees

Games

Fun Fact: Did you know? It can actually rain fish! Yes, it's real! Sometimes, tornadoes or hefty storms scoop up unsuspecting fish and other marine life, turning the sky into an impromptu aquarium. So, next time it's stormy, you might just need an umbrella... and a fishing net!