Good morning. It's Friday, July 28, and we're covering positive economic numbers, an advance in the question to slow aging, and much more. First time reading? Sign up here.
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Economic Growth Continues |
The US economy grew at an annualized rate of 2.4% in the second quarter of the year, according to preliminary data released yesterday. The figure exceeded both analysts' estimates of 1.7% and first-quarter growth, which came in at 2%.
The overall growth was attributed to a 7.7% year-over-year rise in investments by businesses in the second quarter, up from 0.6% in the previous quarter, as well as a 1.6% year-over-year rise in consumer spending—which accounts for two-thirds of gross domestic product. See other takeaways from the report here.
Analysts say the data show resiliency in the economy amid a strong labor market, with average hourly earnings rising 4.4% year-over-year last month and as annual inflation growth continues to slow following the Federal Reserve's interest rate hikes. The Fed this week raised rates by a quarter point as part of its campaign to bring annual inflation to its 2% target. In June, annual inflation rose 3%, the smallest year-over-year increase since March 2021.
The total US GDP is $26.8T. See historical data here. |
Scientists have shown transfusing the blood of younger mice with older ones successfully extends the life span of older mice by almost 10%, according to new results published yesterday. The findings may help further understanding of biological anti-aging mechanisms, which could eventually be of use in humans.
The technique, known as heterochronic parabiosis, essentially ties two mice together for an extended period of time with their circulatory systems surgically connected. A main signature of aging is the inability of organs and tissues to regenerate and maintain their integrity. Younger blood has more components that assist this process; older blood has fewer.
The phenomenon has been known for decades (see overview); however, the new study is the first to show the length of the transfusion increases the length of the benefits, and to quantify the benefits to older mice.
Researchers said the results translate into about eight additional years added to a subject's life span if translated to humans. |
The Niger military declared support for a group of soldiers claiming to have seized power from President Mohamed Bazoum, prompting protests by hundreds of supporters on both sides. The president remains defiant, and his foreign minister denies any support for the coup, which has closed the nation's land borders.
The coup in the West African country was initiated when soldiers, allegedly led by Gen. Omar Tchiani, stormed the presidential palace and ousted Bazoum from power, citing deteriorating security in the country. Bazoum, who was democratically elected in 2021, is a key ally of the West in the battle against Islamist forces in West Africa. Other countries in the Sahel region, including Mali and Burkina Faso, have sought support from Russia's Wagner mercenary group.
It was not immediately clear who will assume power in the country. The attempt comes amid a rise in coups in Africa and is the fifth successful attempt in Niger since it gained independence from France in 1960. See a timeline here. |
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Sports, Entertainment, & Culture
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> The 2023 News and Documentary Emmy nominations announced; CNN (47) and Vice News (30) lead for most nods per outlet (More) |
> Randy Meisner, founding member of the Eagles and Rock & Roll Hall of Famer, dies at 77 (More) | London police say no foul play suspected in Sinéad O'Connor's death (More) |
> Bronny James, the 18-year-old son of NBA superstar LeBron James, released from hospital three days after suffering a cardiac arrest during practice (More) |
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> July on track to be the hottest month on record, with the global average temperature roughly 2.7 degrees above the preindustrial mean (More) |
> Study suggests the breakup of tectonic plates over millions of years is responsible for driving diamond-rich material to the Earth's surface; process is the source of the majority of known diamond deposits (More) | How are diamonds formed? (More) |
> DNA analysis from remains found in modern-day France reveals the genealogy of seven generations of a single family that lived roughly 6,500 years ago; data come from a study constructing the largest prehistoric family tree to date (More) |
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> US stock markets close lower (S&P 500 -0.6%, Dow -0.7%, Nasdaq -0.6%); Dow snaps 13-session win streak (More) |
> Anheuser-Busch to lay off 350 employees, roughly 2% of staff; Bud Light lost status as top-selling US beer in May (More) |
> Ford beats earnings expectations, raises 2023 guidance (More) | Intel returns to profitability after two consecutive quarters of losses (More) | McDonald’s same-store US sales up 10%, tops expectations (More) |
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> US officials say Ukrainian counteroffensive has escalated significantly, deploying thousands of additional troops in the country's southeast (More) | Former Wagner Group chief Yevgeny Prigozhin appears at Russia-Africa summit in St. Petersburg (More) | See updates on the war here (More) |
> Senate Minority Leader Mitch McConnell (R-KY) reportedly in wheelchair periodically, one day after appearing to freeze at podium during briefing (More) | Former President Donald Trump to face additional federal charges related to retaining classified documents; Trump was recorded discussing the material, per reports (More) |
> Wildfires in Greece trigger a series of explosions after flames reach an air force ammunition depot, no injuries reported; fires have been driven by three successive heat waves in recent weeks (More) |
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> Faking Illness
The Drift | BD McClay. An essayist explores the problem of medical testimony, suggesting every patient-doctor relationship, in some way, relies on mutually agreed-upon fictions. (Read)
> The Quest for the Ivory-Billed Woodpecker
Garden & Gun | Lindsey Liles. One of the world's largest extant woodpeckers hasn't been credibly sighted since 1944, so this faithful birder has sought to photograph one before the species is declared extinct. (Read) |
> Kowloon Walled City
Neo | Staff. Considered in its time to be the densest city in the world, this now-razed 6-acre enclave in Hong Kong contained the entire lives of roughly 50,000 people within haphazardly built walls. (Watch)
> The Myth of Sam Bankman-Fried
Wondery | Hannah Miller. (Podcast) A series exposing the intimate details behind the rise and fall of cryptocurrency's charmingly awkward superstar. (Listen) |
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In partnership with Mode Mobile |
First Disruption to Smartphones in 15 Years |
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