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Cox Enterprises has acquired the news/media company Axios, known for their short-form news reporting and newsletters, for $525 million. The three founders of Axios will stay on the company board and continue making daily editorial decisions.
The Senate passed the Inflation Reduction Act on Sunday, sending the massive climate, health care, and tax bill to the House this week. President Biden urged the House to pass the bill as quickly as possible. Biden thanked Senator and Majority leader Chuck Schumer for his dedication to finding a compromise with fellow Democrats to pass the bill.
The graphic processing units and chip designer Nvidia announced they expect their second-quarter earnings to be less than expected by experts. They cited falling demand for video or online gaming as the reason for the anticipated 19% drop from their first-quarter earnings.
Go deeper →The crypto-mixing service, Tornado, which was allegedly used by North Korean hackers and the hackers who made off with Nomad's digital assets, has been sanctioned and blacklisted by the U.S.
Go deeper →The Pulitzer Prize-winning historian David McCullough passed away today at 89. McCullough will be remembered for his kind spirit, lovingly crafted books on everything from the Brooklyn Bridge to President Truman, and his epic \"1776\" about the American revolution.
Rapper Nicki Minaj will receive the Video Vanguard Award on August 28th at the VMA's. She will also perform live at the show for the first time since 2018.
The family of Gabby Petito is suing the police in Utah for $50 million for failing to protect her from her boyfriend at the time, Brian Laundrie.
Go deeper →In February 2020, Travis McMichael, his father George McMichael and their friend William Bryan followed and killed Ahmaud Arbery. Today, Travis and George McMichael were sentenced again to life in prison, plus ten years, for federal hate crimes.
Go deeper →Actress Olivia Newton-John, who played Sandy in \"Grease,\" has passed away at 73, according to her family. Newton-John was a Grammy-winning singer and songwriter.
Wayfarer and Bandai Namco are developing a live-action Pac-Man movie. There have been two television series based on the beloved video game, but this is the first movie based on the Japanese game.
Florida Governor Ron DeSantis will head to key battleground states this month to campaign for Trump-backed candidates ahead of the midterm elections.
Go deeper →Groupon laid off 500 staffers today in their merchant development, sales, recruiting, engineering, product, and marketing teams. Groupon says it is just one of the many measures they are taking to cut costs and reconfigure the business to increase revenue. Groupon also announced their quarter two earnings today, which were $1 billion.
The ride-sharing app Lyft is creating a media division devoted to increasing its presence in the advertising world, focusing on pushing its digital advertising business to cars, ads, tablets, mobile apps, rooftops, and bicycles. Users of Lyft's many services will start seeing more ads, and theoretically, the company will see more revenue.
Binance is telling users to transfer their assets from the WazirX platform and that they will no longer provide easy off-chain transactions between the two platforms. Binance acquired WazirX in 2019, but the deal never officially went through, and now that India has frozen WazirX's assets, Binance is severing ties with the Indian cryptocurrency start-up.
The singer Dua Lipa has been named the honorary ambassador of her home country, Kosovo. She was presented the title by the President of Kosovo, Vjosa Osmani Sadriu.
The increasing erratic actor Ezra Miller has been charged with Felony Burglary after entering an unoccupied residence in Vermont and stealing several bottles of alcohol. The Flash star has been on a very public downward spiral after allegations broke of abusing his star status to influence and intimidate minors and assaulting patrons at a bar in Iceland.
Actor Roger E. Mosely who played Theodore \"T.C.\" Calvin in Magnum P.I., passed away today at 89. Mosely also starred in films like The Midnight Special and Leadbelly.
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