Brought to you by:
Top stories today:
- Samsung introduces Galaxy Ring, Watch Ultra, updates phones
- HubSpot stock -12% after report Google shelved efforts to buy it
- Global startup funding +12% YoY to $79B in Q2
- CPI, core CPI expected at 0.1% MoM / 3.1% YoY, 0.2% / 3.4%
- Vision Pro sales expected to be <500K for 2024
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Samsung introduces Galaxy Ring, Watch Ultra, updates phones
The Ring starts at $399 and is focused on health and sleep tracking
Samsung.
Read more: The Verge.
Other Samsung news
Galaxy Watch Ultra ($649) introduced, in addition to Watch 7 ($299).
Galaxy Z Flip 6 has battery, cover display, camera upgrades, starts at $1,099.
Galaxy Z Fold 6 has wider displays, starts at $1,899.
The new Galaxy Buds look exactly like the Apple AirPods.
Gemini features are being introduced to Samsung devices.
2. HubSpot stock -12% after report Google shelved efforts to buy it
āThe sides didnāt reach a point of detailed discussions around due diligence.ā
The high odds of regulatory scrutiny that would come from such a deal was likely a contributing factor.
Insight on the economic trends and policies influencing our global economy.
Updates on the latest innovations from companies like Tesla, Microsoft and Nvidia.
Analysis on the high-stakes decisions from all markets.
*Sponsored.
4. Global startup funding +12% YoY to $79B in Q2, as North America +35% to $45B
Early-stage funding saw the largest increase in North America
Deal volume has been trending down, suggesting $ per deal is growing quickly
U.S. creator startups raised $693M in Q2, +68% YoY
5. CPI, core CPI expected at 0.1% MoM / 3.1% YoY, 0.2% / 3.4%, out at 8:30 AM ET
It would be the 2nd consecutive period of monthly inflation in line with the Fedās 2% annual goal:
6. Vision Pro sales expected to be <500K for 2024, start growing in Q3 2025: IDC
7. Bidenās odds of dropping out climbs to 61% after remarks from Clooney, Senate Dem
George Clooney: āI love Joe Biden. But we need a new nominee.ā
Sen. Peter Welch (D-Vt.): Biden should withdraw.
Schumer open to dumping Biden: sources.
8. Interesting videos, posts, and memes
9. Other headlines
AI
Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.*
*Sponsored.
Tech
Starlink Mini now available to anyone in U.S.
Apple aims to ship 10% more new iPhones (90M) in H2 2024.
Intuit laying off 1,800 workers, 10% of total.
Earned Wealth raises $200M for wealth management for doctors.
iCloud Photos now makes it easier to switch from Google Photos.
iPhone 17 Pro Max to be 1st to have 3 48MP camera lenses.
Open Source CEO: learn how to be a leader and outperform the competition, with this free newsletter.*
Mercury saves you and your finance team time and headaches.*
Axios Pro: Deals Tracker does smarter analysis across VC, PE and M&A.*
*Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes.
Tech & law
Biotech
Flagship Pioneering raises $3.6B for 2 new funds.
Bioptimus launches H-optimus-0, AI model for pathology.
Once-weekly insulin from Novo denied approval by FDA.
Longevity Summit Dublin: a summary.
Anti-Alzheimerās device may also be good for longevity.
Business
Powell repeats he's not āsufficiently confidentā about 2% inflation.
Archegosās Bill Hwang convicted of fraud, market manipulation.
Alec Baldwinās involuntary manslaughter trial starts.
Crypto
Trump to speak at Bitcoin Conference on July 27.
BitMEX pleads guilty to bank secrecy violation, sentencing TBD.
Solanaās Firedancer client builds 1st block on testnet.
*Sponsored.
World
Was this newsletter forwarded to you?Ā Sign up here.Ā Liked it? Forward it to friends and get rewards (see below).
What did you think of today's newsletter?
Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and theĀ publisher does not guarantee their accuracy or reliability.Ā You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.
Please read our Terms of Service and our Privacy Policy before using Our Service.
