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TODAY’S NEWS FLASH:
Political Landscape
FBI will help track down Texas Democrats who left state, Sen. John Cornyn says
FBI Director Kash Patel has agreed to aid the search for the Texas Democratic lawmakers who left the state to protest new congressional maps, Sen. John Cornyn said Thursday.
Congress doesn't want to talk to Alex Acosta, Epstein's 'sweetheart deal' maker
The House Committee on Oversight and Government Reform on Tuesday listed former attorneys general, a former FBI director, former President Bill Clinton and former Secretary of State Hillary Clinton as people all subject to subpoenas for matters tied to Jeffrey Epstein.
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.
Global Impact
US Coast Guard releases report calling Titan disaster a ‘preventable tragedy’
Inadequate safety practices, deliberate efforts to avoid oversight and a “toxic workplace culture” were among the factors that led to the 2023 implosion of the Titan submersible, the US Coast Guard has said in a damning report that described the disaster as a “preventable tragedy”.
American doctors describe dire conditions at a Khan Younis hospital in Gaza
A pair of American volunteer doctors described to NBC News a barely coping hospital in Gaza, with bodies spread across the blood-smeared floors as medical staff struggled to treat hundreds of people who had been injured as they tried to access humanitarian aid.
Economic Pulse
Trump's sweeping tariffs take effect in another dramatic reshaping of the US trade landscape
New sweeping "reciprocal" tariffs are now in force as the White House implemented a recent executive action that will see importers paying between 10% and 50% in the coming months as they bring in a variety of goods to the US from around the globe.
New tariffs snap into effect, raising import taxes to highest level since Great Depression
After months of delays and extensions, President Donald Trump’s comprehensive and sweeping tariffs slate took effect Thursday just after midnight ET, shifting his global trade reset into high gear.
Quick Takes
Kevin Federline is pulling back the curtain on his life before, during and after his marriage to Britney Spears in a new memoir coming out this fall.
Mainstream Medicine has labeled RFK Jr a quack, an alarmist and a conspiracy theorist.
France’s biggest wildfire in years was spreading quickly Wednesday in a Mediterranean region near Spain after leaving one person dead and several injured, authorities said. The fire burned an area larger than Paris, and the military was called in to help.
Four Barbary lion cubs recently made their public debut at a Czech zoo that's working to eventually reintroduce the breed to its native habitat decades after it went extinct in the wild.
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