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TODAY’S NEWS FLASH:
Political Landscape
California says Trump's L.A. military deployment was illegal and caused "anxiety and fear"; Feds say president had authority
Lawyers for the state of California and the federal government faced off in court Tuesday over President Trump's deployment of thousands of National Guard troops to Los Angeles.
Trump-Putin summit to take place at U.S. military base in Anchorage
President Donald Trump and Russian President Vladimir Putin are expected to hold their long-anticipated summit at a U.S. military base in Anchorage, Alaska, on Friday, according to a White House official.
Global Impact
South Korea’s former first lady arrested after court issues warrant on corruption charges
South Korea’s former first lady Kim Keon Hee, the wife of the impeached former president Yoon Suk Yeol, has been arrested on corruption charges, a special prosecutor leading a wide-reaching probe said.
Netanyahu hints Gaza ceasefire talks now focus on releasing all hostages at once
Israeli Prime Minister Benjamin Netanyahu on Tuesday hinted that ceasefire efforts in Gaza are now focused on a comprehensive deal that would release the remaining hostages all at once, rather than in phases.
Learn from this investor’s $100m mistake
In 2010, a Grammy-winning artist passed on investing $200K in an emerging real estate disruptor. That stake could be worth $100+ million today.
One year later, another real estate disruptor, Zillow, went public. This time, everyday investors had regrets, missing pre-IPO gains.
Now, a new real estate innovator, Pacaso – founded by a former Zillow exec – is disrupting a $1.3T market. And unlike the others, you can invest in Pacaso as a private company.
Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from the same VCs behind Uber, Venmo, and eBay. They even reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
Economic Pulse
Tariffs bring in record $27.7 billion in July as Trump calls haul 'incredible for our country'
President Trump's tariffs poured billions into US coffers in July as he continued to reshape the US trade landscape, putting the revenue supplied by importers at another monthly record.
Musk threatens 'immediate' legal action against Apple over alleged antitrust violations
Elon Musk on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of the Grok AI chatbot app, which is owned by his artificial intelligence startup xAI.
Quick Takes
Scheana Shay addressed the suggestion that she bought her way onto The New York Times bestseller list.
Trump’s Vision For America’s Greatest Wealth Shift Ever. A 90-year injustice may be refunded with ‘interest’, birthing our new Golden Era.
Anna "Delvey" Sorokin says she's received hundreds of death threats in the days since she was accused of dumping pet rabbits she posed with for a photoshoot in a Brooklyn park.
A man was rescued after surviving nine days lost in the Canadian wilderness, officials said.
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