Good morning. It's Monday, Sept. 13, and we're covering a historic underdog story at the US Open, a ruling in the Apple versus Epic feud, and much more. Have feedback? Let us know at hello@join1440.com.

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NEED TO KNOW

Historic US Open

Eighteen-year-old Emma Raducanu capped a historic run in one of the biggest women's tennis tournaments over the weekend, beating Leylah Fernandez in straight sets to win the US Open. The British teenager entered the tournament ranked 150th in the world, having only appeared in one previous major event.

Her ranking required she win three preliminary matches to even qualify for the main tournament. Raducanu became the first qualifier to ever reach, much less win, a Grand Slam final—which includes Wimbledon and the US, French, and Australian Opens.  

History on the men's side was just missed, as No. 2 seed Daniil Medvedev beat superstar Novak Djokovic in the finals in three sets, 6-4, 6-4, 6-4. The loss ended Djokovic's bid to win his 21st Grand Slam title, which would have separated him from a three-way tie with Roger Federer and Rafael Nadal for most of all time.

Apple Verdict

A federal judge issued a mixed verdict in a closely watched antitrust case against Apple Friday, ruling it must allow developers to directly collect payments from users within their apps, but stopped short of modifying the role of its powerful App Store.

Apple's iPhone makes up more than half of the US smartphone market and reaches more than 1 billion worldwide users. Previously, the company required all financial transactions made by user-downloaded apps to be processed by Apple which would take a 30% cut. Additionally, apps may only be downloaded via the App Store—part of a concept the company refers to as its "walled garden."

Video game company Epic, maker of the widely popular Fortnite, filed suit against Apple, claiming the company used its dominance in one market (phones) to take unfair advantage in a second market (apps).

Aside from the ruling, the case exposed a number of financial details of Apple's App Store—see the most interesting points here.

Manchin Hits Pause

A $3.5T spending plan proposed by the White House and congressional Democrats hit a snag yesterday, as Sen. Joe Manchin (D-WV) said he would not vote for the package in its current form. Manchin also pushed back on the party's attempt to pass both the budget plan and a $1T bipartisan infrastructure package by the end of September. 

Democrats hold a slim 50-50 majority in the evenly divided chamber (Vice President Kamala Harris casts a deciding vote in the event of a tie). Under the budget reconciliation process (see 101), the party can avoid the typical 60-vote requirement, but must ensure all 50 Democratic senators support the package. The situation has given outsized leverage to moderate members like Manchin and Sen. Kyrsten Sinema (D-AZ). It is unclear whether Senate Majority Leader Chuck Schumer (D-NY) will bring a vote on the package despite Manchin's comments. 

Separately, Treasury officials said the US would default on its obligations if the debt ceiling is not raised by mid-October. 

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In partnership with The Motley Fool

5G IS HERE

We're not sure if you've heard: The latest iPhone (the iPhone 12) is 5G-enabled. Not only does this represent a massive technological leap, but it also suggests we’re approaching an inflection point in 5G’s popularity throughout the market.

Now, our friends at The Motley Fool love Apple and recognize what a remarkable business they've built. But Apple's current market cap reflects the incredible extent to which they've grown in mobile dominance. It's hard to triple in size when you're already a $2T (yes, trillion) company.

There's another company though, one that's just a fraction of a percent of Apple's size, which they think stands to grow massively with Apple's iPhone 12 sales. In fact, they make a component so crucial, it's included in every single iPhone 12 produced. Motley Fool members can get the down-low on this company for free; sign up now to read the report.

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IN THE KNOW

Sports, Entertainment, & Culture

Brought to you by The Ascent

> Lil Nas X wins top prize at MTV Video Music Awards for Video of the Year with Justin Bieber winning Artist of the Year (More) 

> US Soccer asks women's and men's national teams to equally split World Cup prize money (More) | Paul Pierce, Chris Bosh headline 2021 class of 16 inducted into Basketball Hall of Fame (More) | Pro Football Hall of Fame center Mick Tingelhoff dies at 81 (More)

> "The Queen's Gambit" is big winner at 2021 Creative Arts Emmys with nine awards; Primetime Emmys take place Sunday, Sept. 19 (8 pm ET, CBS) (More)

From our partners: 0% intro APR is 100% insane. This card offers 0% APR for 18 months on balance transfers. And it also gives you the chance to rake in crazy cash back deals—with no annual fee.

Science & Technology

> One in five nursing home patients is on antipsychotic medication, analysis finds; study alleges understaffed nursing homes may overuse prescriptions to help manage residents (More)

> Rocks collected by NASA's Mars Perseverance rover show signs of being in contact with water over long periods of time (More)

> New CRISPR-based technique makes male mosquitoes sterile, renders females flightless; method may prevent the spread of disease without the use of insecticide (More) | Check 1440's expert-curated overview on CRISPR (More)

Business & Markets

> US stock markets drop Friday (S&P 500 -0.8%, Dow -0.8%, Nasdaq -0.9%) for fifth consecutive day (More)

> Walmart raises $2B green bond–corporate bonds used to invest in projects delivering environmental benefits; is the largest ever green bond raised in the US (More) | Harvard University to cease investing in companies that develop or explore fossil fuels (More)

> JPMorgan acquires restaurant discovery app The Infatuation, which acquired Zagat’s brand and assets in 2018 (More)

Politics & World Affairs

> CDC study suggests unvaccinated patients account for roughly 92% of reported COVID-19 cases and hospitalizations, 91% of deaths between April and early July (More) | Average US COVID-19 cases fall to around 145,000 per day, down 13% since Sept. 1; see data here (More)

> North Korea says it has tested newly developed long-range cruise missiles with a range of more than 930 miles (More)

> Al-Qaida chief Ayman al-Zawahri, who was believed to be dead, appears in video disseminated on 9/11 anniversary; unclear whether its recording was recent (More) | FBI releases new 16-page document detailing intelligence on the planning of the 9/11 attacks (More)

5G SUPERCYCLE

In partnership with The Motley Fool

The experts at The Motley Fool are predicting the incredible power of 5G in new iPhones to create an inflection point in 5G technology. They believe 5G is well positioned to become “mainstream” technology—and that Apple is forging the path.

And there's an American company 1/500th the size of Apple, which could stand to gain every time someone buys a 5G-enabled iPhone. It makes a critical component which is now involved in the production of every single iPhone. Find out more about this relatively unknown company—sign up for Motley Fool to read the report.

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ETCETERA

This interactive map reveals when the leaves will begin changing colors.

Fans catch falling cat using the American flag.

See the winners of the 2021 Ig Nobel Prizes. 

Artist recreates the scent of ancient flowers.

Scientists reveal what's in a room by shooting a laser through a keyhole.

Check out the new trailer for "Matrix: Resurrections."

Ohio porch gargoyle raises $330K for charity. 

The sounds of a tortoise eating fruit are oddly relaxing. 

Clickbait: Someone hit the off button on the NYC subway.

Historybook: Francis Scott Key writes America’s national anthem, "The Star-Spangled Banner" (1814); HBD actor and producer Tyler Perry (1969); Israel and Palestine sign peace accord (1993); RIP rapper Tupac Shakur (1996); RIP Ann Richards, educator and former governor of Texas (2006).

"I've always said that in politics, your enemies can't hurt you, but your friends will kill you."

- Ann Richards

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