A Georgia grand jury investigating election interference set its sights on Rudy Giuliani. Some public health experts question a seemingly slow response from colleges about handling monkeypox on campus. Inflation is either helping or hurting student loan recipients, depending on the terms of their borrowing.
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In The News Today
- The U.K. became the first country to approve a two-in-one Covid-19 vaccine from Moderna that is specifically formulated to target both the original coronavirus strain and BA.1, the first omicron variant. Findings show it could similarly combat newer omicron strains, coming as the world braces for fall booster shot campaigns.
- Rudy Giuliani is a target of a Georgia grand jury probe into election interference as part of an investigation into former President Donald Trump’s post-election conduct. A federal judge also ruled that Sen. Lindsey Graham (R-S.C.) must appear before the jury, throwing to the wind his argument that being a senator should exempt him.
Top Take-Aways
Stocks rose on Monday with the Dow gaining 0.5%, S&P 500 increasing 0.4% and the Nasdaq jumping 0.6% after an initial slowdown that stemmed from a six-month low for oil prices and disappointing economic data out of China.
Home builder confidence fell six points to 49, hitting the lowest level since May 2020 and marking the eighth consecutive month of decline. Given the tumble, economists warn of an ongoing housing market cool down. High construction rates and mortgage rates are key culprits.
The Washington Commanders and ticket platform SeatGeek entered a multi-year ticketing agreement that represents the team’s most lucrative sponsorship deal ever. Forbes estimates it will yield the Commanders between $10 million and $12 million each year.
Colleges, which are still coping with the Covid-19 pandemic, are grappling with how to address monkeypox’s threat to fall semester as students return to dorms. Monkeypox cases have already popped up at George Washington University, Bucknell University, The University of Texas at Austin and other institutions ahead of the official return to campus.
The $430 billion Inflation Reduction Act is awaiting President Joe Biden’s signature and you can breathe easy—the measure won’t affect the vast majority of Americans’ tax bills.
Author Salman Rushdie’s books are topping best seller lists decades after their original publishing, coming on the heels of a New Jersey man allegedly stabbing him last Friday. Rushdie was forced into hiding for a decade with a $3 million bounty on his head from the Iranian government after publishing “The Satanic Verses” in 1988.
Today’s Must-Read
Next Billion-Dollar Startups 2022
With markets down and tech investors skittish, it’s been a challenging year for young, venture-backed startups. These 25 represent the ones we think have the best chance of reaching a billion-dollar valuation.
Here’s how we picked this year’s list-makers as valuations tumbled and founders slashed budgets and head counts. One standout ATOB has soared to a $800 million valuation with its system to help truckers beat price spikes at the gas station with a zero-fee fuel card. While chipmaker Astera Labs has already booked $100 million in revenues with sales of its specialist tech used to power data centers.
In Case You Missed It
Digital health companies like Color Genomics and Invitae are feeding patients’ sensitive data to Facebook for targeted advertisements, according to new research. In some cases, that sharing breached companies’ own privacy policies. The practice also raises questions about HIPAA violations.
Tips You Can Trust
- Inflation is dealing a blow to all of us as it jacks up the cost of gas, groceries, rent and everything in between, but student loan borrowers are getting a double whammy—particularly those taking out new loans. From hidden bright sides to unideal rate hikes, here’s how inflation is affecting your student loans.
- You’ve got excess cash to invest, financial goals to achieve and a sneaking suspicion that your personal finances could be used more efficiently. Here’s how to determine whether working with a financial planner is right for you, and whether that relationship could level up your financial decision making.
Must-Watch Video
How Black Brunch Became The Business Staple Of Southern Restaurateurs
Enter the “Black brunch” trend, where Black millennials are putting a “day party” twist on the long-held weekend ritual of brunch that’s marked by flashy attire, Black artwork and music. The pandemic-resilient phenomenon creates new opportunities for Black restaurateurs across the country and specifically in Houston, which established itself as a hotbed for the breakfast fad.
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