October, 11 2022

🍿 Prosecutors Drop Charges

Baltimore prosecutors dropped charges against Adnan Syed, who was recently released from prison after serving 22 years. Syed was serving time for allegedly murdering his girlfriend, Hae Min Lee, and was the subject of the hit podcast, \"Serial.\"

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🍿 Band Back Together

Blink-182 is reuniting to go on tour for the first time in 10 years. Tom DeLonge will return to the group after a seven-year hiatus, rejoining Travis Baker and Mark Hoppus for new music and a new tour.

💻 Tito Puente Celebrated

Tito Puente is featured in the Google Doodle today. Puente was an influential Nuyorican musician and has been called the \"King of Latin Music.\" The Doodle is illustrated by Carlos Aponte.

💻 SEC Investigates Yuga Labs

The SEC is investigating the creator of the Bored Ape NFT, Yuga Labs, over unregistered offerings.

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🍿 Tributes to Angela Lansbury Pour In

The star of \"Murder She Wrote,\" Angela Lansbury, passed away today at 96. Lansbury is a seven-time Tony award winner, three-time Oscar nominee, and twelve-time Emmy Award-winner. Social media overflowed after the news broke with tributes to her 75-year career.

💻 Brenmer's Bombshell

In an email to Eurasia Group subscribers, Ian Bremmer broke a story that Elon Musk spoke to Russian President Vladimir Putin right before he tweeted about the solution to the Russian invasion of Ukraine being a Ukrainian concession of Russian-occupied territories. President Zelensky responded with a poll on Twitter, which gave users the option of which Musk they like more, one who supports Russia or one who supports Ukraine.

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⚖️ Tulsi Gabbard Leaves the Dems

Former Democratic presidential candidate Tulsi Gabbard announced that she is leaving the Democratic party. The former Congresswoman from Hawaii was accused of coordinating with Russia during the 2020 presidential election and was criticized by democrats this year for speaking at the Conservative Political Action Conference.

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⚖️ DOJ's Volley at the Court

The Department of Justice has asked the Supreme Court to reject a motion by former President Trump to intervene in the DOJ's investigation into Trump's mishandling of classified documents.

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The context
Senator Lindsey Graham testifies before a Fulton County, Georgia, grand jury about his involvement in former president Donald Trump's efforts to overturn the results of the 2020 presidential election.
Politics
Tuesday, November 22, 2022

Graham Finally Testifies in Georgia

Senator Lindsey Graham testifies before a Fulton County, Georgia, grand jury about his involvement in former president Donald Trump's efforts to overturn the results of the 2020 presidential election.
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Graham testifies

  • Senator Lindsey Graham testified before a Fulton County, Georgia, grand jury investigating attempts to interfere with the results of the 2020 presidential election today.
  • Graham spent months trying to avoid the subpoena from the grand jury before finally testifying today after the Supreme Court rejected an emergency filing from Graham.
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After all

  • Graham was one of Donald Trump's closest allies in Congress.
  • The subpoena issued by the grand jury asked for his testimony about attempts to interfere with Georgia's election results and a scheme to "find" additional votes for Trump.
  • The grand jury questioned Graham about calls he made to Georgia's secretary of state, Brad Raffensperger.
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The context
The FTC is seeking to block Meta from acquiring the virtual reality fitness platform, Within. The FTC claims that Meta killed in-house plans to develop a VR fitness app in favor of buying Within.
Technology
Tuesday, November 22, 2022

FTC Tells Meta to Look Within

The FTC is seeking to block Meta from acquiring the virtual reality fitness platform, Within. The FTC claims that Meta killed in-house plans to develop a VR fitness app in favor of buying Within.
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No competition here

  • The FTC says that Meta killed plans to design and build its own virutal reality fitness app, instead deciding to poach talent from Within and eventually make an offer to buy the already established virtual reality fitness app maker.
  • The FTC is arguing that the acquistion violates federal antitrust laws because it will decrease competition within the virtual reality fitness market.
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States agree

  • Twenty-three states support the FTC motion to stop Meta from acquiring virtual reality content maker Within.
  • The case argues that the deal would harm industry competition and consumers.
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The context
A Texas regulator has opened a probe into Tom Brady, Steph Curry, and other athletes who promoted the now-bankrupt cryptocurrency exchange, FTX.
Entertainment
Tuesday, November 22, 2022

Texas Regulator Tackles Celebs Who Endorsed FTX

A Texas regulator has opened a probe into Tom Brady, Steph Curry, and other athletes who promoted the now-bankrupt cryptocurrency exchange, FTX.
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Probe opens

  • While little federal regulation exists about the status of cryptocurrencies, state securities laws could be an avenue to reprimand celebrities for hawking crypto.
  • Celebrities heavily promoted FTX, and its downfall could be the biggest lesson yet about the legal risks of endorsing cryptocurrency coins or companies.
  • The SEC has pursued legal action against other celebrities for similar endorsements, including fining Kim Kardashian $1.26 million for promoting a crypto token on her Instagram.
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Celebs on notice

  • The Texas State Securities Board began investigating FTX last month to determine whether state residents were dealing in unregistered securities by buying and selling yield-bearing cryptocurrency coins or tokens.
  • When the company filed for bankruptcy on November 11th, the board expanded its probe to investigate celebrities like Tom Brady and Steph Curry, who promoted the exchange to uninformed and vulnerable fans.
  • The probe will look at what FTX told the promoters to say about the exchange, what they were paid, and what they told fans
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