Newsletter Jun 23, 2023
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Markets
DJIA 33,946.71 -0.01%
S&P 500 4,381.89 0.37%
Nasdaq Composite 13,630.61 0.95%
Japan: Nikkei 225 33,264.88 -0.92%
UK: FTSE 100 7,502.03 -0.76%
Crude Oil Futures 69.51 0.00%
Gold Futures 1,923.70 0.00%
Yen 143.04 -0.04%
Euro 1.10 -0.02%
* As of market close

 
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Biden, Modi strengthen ties with new deals

President Joe Biden heralded the start of a stronger US-Indian relationship on Thursday by announcing a series of defense and trade agreements at the White House with Indian Prime Minister Narendra Modi. The US wants India to be a strategic counterweight to China and sees India as a critical partner. Modi seeks to raise India's influence on the world stage in the wake of strained ties with neighboring China. The US and India announced deals on semiconductors, critical minerals, technology, space cooperation and defense cooperation and sales.

GET THE DETAILS OF THE DEALS BETWEEN THE US AND INDIA



Oregon county files $51B suit against big oil

A county in the northwestern state of Oregon filed a lawsuit against major fossil fuel corporations seeking more than $51 billion over the 2021 "Heat Dome," one of the United States' deadliest ever weather disasters. Multnomah County, which encompasses the state's most populous city Portland, said combined historic carbon pollution from use of the companies' products and their decision to mislead the public about their impacts were major factors in exacerbating the heat wave.

LAWSUIT COULD HAVE LASTING IMPACT ON OIL COMPANIES


Disney's use of AI sparks fear in Hollywood

The use of artificial intelligence in the new Marvel superhero series "Secret Invasion" has sparked anxiety and anger in Hollywood, at a time when television and film writers are already striking over their uncertain futures. Director Ali Selim revealed in a recent interview that the Disney+ show that stars Samuel L Jackson used AI as well as human illustrators to generate urban landscapes its opening credits.

WHY HOLLYWOOD WRITERS FEAR LOSING THEIR JOBS TO AI


Extra point

Who was the first superhero character introduced by Marvel Comics?

Thursday's answer: John Harvey Kellogg, the creator of the famous breakfast cereal, developed the meat alternative "Protose" -- a mixture of nuts, gluten, soy and other plant-based ingredients -- around 1877.

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