Today’s topics

• EU regulators flagged Apple for violating the Digital Markets Act

• Cybertruck's fourth recall

• Google is rolling out new AI features in Gmail

• Gene-edited mustard greens

  and more…

The S&P 500 managed a modest climb on Wednesday, as investors took stock of their portfolios after a stellar first half of the year dominated by AI-driven gains. The broad market index rose by 8.60 points, the Dow Jones inched up by 15.64 points, the tech-centric Nasdaq added 87.50 points.

EU calls out Apple for Digital Markets Act breach. EU regulators have flagged Apple for violating the Digital Markets Act, citing the company's restriction on App Store customers from exploring alternative options. Additionally, the fees Apple imposes on developers for acquiring new customers are deemed excessively high. The EU has also launched a fresh investigation into Apple's policies on third-party app stores and direct app downloads from websites to assess their compliance with the DMA. Looks like Apple's walled garden is facing some serious pruning.

VW's billion-dollar bet electrifies Rivian stock. Rivian shares jolted up 30% after Volkswagen's $1 billion investment, with plans to pour in a total of $5 billion. The additional $4 billion will follow the establishment of a joint venture, with $2 billion spread over 2025 and 2026. Rivian's stock surged in after-hours trading, just ahead of a crucial investor event, as VW's convertible note promises to supercharge Rivian's financial outlook. Looks like Wall Street is getting charged up despite Rivian's recent cash burn.

Cybertruck's fourth recall: a trim and wiper wipeout. Tesla's cutting-edge Cybertruck is making headlines for its fourth recall since its November 30 debut. This time, the issues involve loose trim pieces and front windshield wipers that can fail due to an overworked motor controller. Affecting over 11,000 trucks, the recall addresses a visibility risk that, thankfully, hasn’t caused any crashes or injuries. It seems even the futuristic stainless steel-clad truck isn’t immune to some old-fashioned hiccups.

Gmail Rolls Out Gemini AI Sidebar for Enhanced Email Management

Google is rolling out new AI features in Gmail, introducing the Gemini side panel to help manage emails more efficiently. This AI-powered tool can summarize email threads and draft responses, offering proactive prompts and handling freeform questions using advanced models like Gemini 1.5 Pro. Mobile users will also benefit from thread summaries, but these features will be exclusive to paid Gemini subscribers. Get ready for a smarter inbox, if you're willing to pay for it!

Delta's Sky-High Opulence: JFK’s Ultimate Lounge Experience

Delta's new 39,000-square-foot Sky Club at JFK is a first-class haven, boasting fine dining, full-body massage chairs, and luxurious shower suites. As part of a $1.5 billion JFK expansion, this lounge promises to pamper travelers with spa treatments, soundproof work booths, and valet services for clothes and shoes. Arriving passengers can refresh with a "recovery remedy" massage while gazing out over the airfield from the terrace. With room for 515 guests, Delta's swanky lounge is the epitome of travel luxury, turning layovers into lay-downs.

Boeing’s Starliner Hits Delay Orbit at ISS

Boeing’s Starliner is experiencing extended layover at the International Space Station, now scheduled to return on July 2, over two weeks past its initial expected date. This long-awaited spacecraft, designed to shuttle astronauts to orbit like the space shuttle of yore, faced numerous delays before finally launching in early June. Despite a successful docking, helium leaks in the propulsion system, which controls the propellant flow to the thrusters much like power steering in a car, have postponed its journey back. Although the leaks were noted before launch and deemed non-critical, NASA is now prioritizing a thorough investigation.

Unprecedented claim against NASA for space debris damage. In an unprecedented move, a Florida homeowner has submitted a formal claim to NASA for damages caused by a chunk of space debris that crashed through his roof in March. This legal case is the first of its kind, and how NASA responds could set a crucial precedent amid growing orbital activity and the increasing risk of uncontrolled reentries. As space becomes more crowded, this case might pave the way for future claims and regulations.

Gene-edited mustard greens in US stores this fall. Biotech leader Bayer is gearing up to bring genetically altered mustard greens, designed to be less bitter, to grocery stores nationwide this fall. Originally introduced by startup Pairwise to limited food service venues and a single NYC grocery store last year, these CRISPR-modified greens are now set for broader consumer access.

China's Great Green Wall. China launched the Great Green Wall project in 1978 to combat desertification by restraining the Gobi Desert's spread and supplying local communities with timber—a sustainable defense against nature's encroachments.

AI Turns WiFi Routers into Cameras. Researchers at Carnegie Mellon University unveil a groundbreaking method harnessing AI to transform WiFi routers into cameras capable of detecting human movement through walls.

TikTok of the day: watch here

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