Pakistan Attacks, NFL Ownership, and the Rodeo Doctor

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Good morning. It's Tuesday, Aug. 27, and we're covering deadly attacks in southwest Pakistan, a merging of the financial and sports worlds, and much more. First time reading? Join over 3.8 million intellectually curious readers. Sign up here.

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Need To Know

Pakistan Militant Attacks

The death toll from coordinated attacks in Pakistan's southwestern Baluchistan province has risen to at least 73 people since Sunday. Separatist militants reportedly struck multiple areas, including police stations, highways, and railway lines, in one of the most widespread assaults in recent years on the resource-rich region.

The separatist group, known as the Baluchistan Liberation Army, seeks to create a sovereign state in Baluchistan, separate from Pakistan's central government in Islamabad. Baluchistan is Pakistan's largest region by land mass, accounting for roughly 44% of the country's territory, and historically includes portions of Afghanistan and Iran. While the area is abundant in resources like oil and gas and minerals like gold and copper, it is one of Pakistan's poorest. As much as 70% of Baluchistan's population of 15 million people is estimated to live in poverty. See the history of Baluchistan here.

The Baluchistan Liberation Army is the largest ethnic insurgent group fighting against Pakistan's government and has been designated a terrorist organization by Pakistan, the US, and the UK.

NFL Private Equity Vote

The National Football League is expected to vote today on allowing private equity firms to purchase minority stakes in its teams. Certain private equity firms are expected to be permitted to own up to a 10% stake.

The vote comes as NFL team valuations continue to soar. In 2023, the average NFL franchise was worth $5.1B, up 14% from the previous year, with the Dallas Cowboys topping the list at $9B (see worth of all 32 teams). The NFL previously restricted ownership to individuals and family trusts; however, the high franchise values make it so few individuals can afford team ownership. If owners approve the proposed changes, those wishing to sell stakes would apply to the league’s finance committee, which would then vet applications before presenting for a vote at the next owners' meeting in October.

The NFL is the last remaining major US sports league to not allow private equity ownership. The NBA, NHL, MLB, and MLS allow ownership of up to 30%.

Parks and Check

The National Park Foundation announced yesterday it had received a $100M grant, the largest for the US national parks system in the country's history.

The first US national park, Yellowstone, was established in 1872. Since then, the system has expanded to over 430 areas covering national parks, memorials, rivers, trails, and more. In all, the National Park Service manages more than 85 million acres of protected lands, which span across every state in the US and are frequented by over 320 million visitors annually. See a map of parks here.

The grant—from an endowment created by pharmaceutical giant Eli Lilly—will fund several priorities, including conservation efforts in Florida and grants to facilitate more visits from young people. The donation was received by the National Park Foundation, a nonprofit created in the 1960s to support the national parks system through private donations; Congress appropriated $3.3B to the parks in the 2024 fiscal year.

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In The Know

Sports, Entertainment, & Culture

> NFL teams must cut rosters down to 53 players by 4 pm ET; see latest cuts for all 32 franchises (More) | Dallas Cowboys to sign wide receiver CeeDee Lamb to four-year, $136M deal, the second-largest nonquarterback deal ever (More)

> Oasis to make announcement this morning, rumored to be of a reunion 15 years after the iconic British band broke up (More)

> Boston Red Sox catcher Danny Jansen becomes first MLB player to play for both teams in a single game after facing the Toronto Blue Jays, resuming a rain-delayed game he started for Toronto in June before being traded to Boston in July (More)

Science & Technology

> Apple announces date for its annual product event Monday, Sept. 9; company is expected to reveal iPhone 16, new Apple Watch and AirPod models (More)

> World's most sensitive particle experiment narrows down candidates of what may make up dark matter, eliminating hypothetical particles known as WIMPs over a certain size (More) | What is dark matter, one of the most significant remaining mysteries in science? (More)

> Brain study reveals different clusters of neurons involved in processing language that operate at different speeds; researchers suggest some regions interpret individual words while others analyze context (More)

Business & Markets

> US stock markets close mixed (S&P 500 -0.3%, Dow +0.2%, Nasdaq -0.9%); Dow Jones hits all-time intraday high as S&P 500, Nasdaq fall from broad decline in tech shares (More)

> Uber hit by record $324M fine in Netherlands for sending Dutch user data to the US, breaching European Union's privacy laws (More) | Canada imposes 100% tariffs on Chinese-made electric vehicles, including those made by Tesla, matching US tariffs (More)

> Red Lobster's new owners tap former PF Chang's CEO to lead the world’s largest seafood chain as part of its bankruptcy exit plan (More) | Media veteran Edgar Bronfman Jr. drops bid for Paramount Global (More)

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Politics & World Affairs

> Russia strikes Ukrainian power grids in barrage of roughly 200 missiles and drones, killing at least seven people and wounding at least 47 others; attack appears to be one of Russia's biggest since the war began (More) | Chinese military aircraft reportedly breaches Japan's airspace in first-known incursion since records began in 1958 (More)

> Judge temporarily halts Biden administration policy offering permanent residency to certain immigrants without legal status in the US who are married to US citizens (More) | Jury selection begins in trial against mass shooting suspect accused of killing 10 people at a Boulder, Colorado, supermarket in March 2021 (More)

> Massachusetts towns on high alert over rare eastern equine encephalitis virus; virus is spread to humans from the bite of an infected mosquito, with an average of 11 human cases reported in the US annually (More) | See EEE overview (More)

In-Depth

> The Rodeo Doctor Will See You Now

Texas Monthly | Lauren Larson. In the dangerous and fast-paced world of bull riding, one orthopedic surgeon has made it his mission to treat athletes in the wild world of rodeo healthcare. (Read)

> Your Memories Are Like Paintings

Nautilus | Kevin Berger. Evolution protects us from overloading our memories with extraneous detail. The result may be an experience of our own lives more akin to a Monet painting than historical record, with our current experiences coloring our past. (Read)

In partnership with Pendulum

What’s the Buzz About GLP-1?

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It’s called GLP-1 Probiotic, a supplement shown to boost the body’s “un-hunger hormone,” GLP-1.* This blend of gut bacteria helps curb cravings and reduce appetite. And the results speak for themselves: In a consumer survey of 274 users, 91% experienced a decrease in overall food cravings, with sizable drops in sugar (88%) and carb (87%) cravings. See for yourself: Get 20% off your first month of GLP-1 Probiotic today.

*Disclosure: Based on preclinical studies

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Etcetera

America's best Labor Day weekend getaways.

There's inflation, and there's hyperinflation (w/video).

Study finds where love lives in the brain.

Ranking tennis players' 2024 prize money.

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Historybook: Krakatoa volcano eruption, among the largest in recorded history, kills around 40,000 (1883); President Lyndon B. Johnson born (1908); "Guinness Book of World Records" first published (1955); Sociologist and civil rights activist W.E.B. Du Bois dies (1963); American vaudevillian Gracie Allen dies (1964).

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Pakistan Attacks, NFL Ownership, and the Rodeo Doctor

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