Good morning.

It’s Thursday, July 10 — and yes, summer is in full, sweaty, sticky swing. You’ve either surrendered to the AC or are romanticizing your heat rash with a tote bag and an overpriced iced matcha. Either way, you’re doing amazing, sweetie.

Today in history, the world got a little louder and a lot more connected: on this day in 1962, Telstar 1 launched — the first communications satellite to beam live TV and phone calls across the Atlantic. Suddenly, yelling into a landline became a global event. 

Anyway, summer’s cooking, your to-do list is probably fermenting, and if you’re reading this on your phone from a beach, we salute you. Wishing you a strong cold brew, a weak sense of responsibility, and a very good scroll. Let’s get into it.

Today’s stories:

• SpaceX targets $400B, biggest private company yet

• Scarlett Johansson becomes top-grossing lead ever

• Samsung drops 7 gadgets, keeps folding obsession

• Nvidia hits $4T, beats Apple and Microsoft

• YouTube bans low-effort AI spam videos

• Boeing delivers most planes since 2018

• Netflix lures top directors from theaters

• TSA ends shoe-removal rule at airports

• New AI browser costs $200 a month

• Amazon Prime Day sales drop 41%

  and more…

Futures barely budged Wednesday night after the S&P 500 clawed back some losses from this week’s tariff-fueled dip. The rebound came as Trump slapped a fresh 50% tariff on Brazil — citing both “unfair” trade practices and Bolsonaro’s ongoing election scandal trial.

Earlier, Wall Street posted its first win in three days: the S&P rose 0.6%, the Dow added 0.5%, and the Nasdaq hit a fresh record, up 0.9%. The rally? Pure AI mania. Nvidia jumped nearly 2%, briefly becoming the world’s first $4 trillion company — because apparently, chips now run the world.

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Nvidia Just Became Daddy of the Stock Market

Nvidia just hit a $4 trillion market cap, becoming the first company to ever do it — and yes, that means it’s now bigger than Apple and Microsoft. All thanks to the fact that it builds the chips powering the AI hype machine you’re probably already tired of hearing about. Investors can’t stop throwing money at it. The company blew past $2T in February, $3T in June, and now it’s the world’s most valuable company. Not bad for a chipmaker that started in the '90s selling graphics cards for nerds.

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Boeing’s back on the assembly line. Boeing just delivered 60 planes in June, the most it’s managed since December 2023. That number includes 42 of its infamous 737 Max jets — the same model that’s had, let’s say, a few issues. Like that one time in January when a door plug blew off midair. Since then, production slowed, confidence tanked, and Boeing had to convince the world it still knows how to build planes that stay in one piece. Deliveries are up, though, and the CEO says the company is finally stabilizing its production lines. The second quarter wrapped with 150 planes delivered — Boeing’s best since 2018, back when “Max” didn’t mean “maximum federal investigations.” FAA still has them on a short leash: no more than 38 planes a month without approval. Boeing wants to bump that to 42. Confidence, apparently, is a renewable resource.

Netflix steals Hollywood. Netflix still thinks movie theaters are relics — and it’s luring Hollywood’s biggest names straight to your couch. Scorsese, Cuarón, Bong Joon-ho, Spike Lee, Greta Gerwig, even Kathryn Bigelow are all now streaming-first directors, courtesy of fat checks, creative control, and zero box office pressure. Forget wide theatrical runs. Most Netflix films barely touch theaters (just long enough to snag Oscar eligibility), and the platform’s execs have no interest in changing that. They’re not about to burn millions marketing a film just to split profits with theaters. Netflix isn’t just throwing money — it’s buying freedom. Risky projects, ballooning budgets, weird genres? Studios say “nah,” Netflix says “go for it.” That’s how The Irishman got made. That’s how the $320M Electric State happened. And that’s why Hollywood auteurs keep ditching box office tradition for streaming glory.

SpaceX aims for $400 billion valuation. SpaceX is planning a new share sale that would push its valuation to $400 billion, making it the most valuable private U.S. company ever — and yes, Elon’s ego is definitely included in the price. The raise includes selling a few new shares to investors and letting employees and early backers cash out in a secondary offering. It would top their last record of $350B and put them neck and neck with OpenAI and ByteDance. Half of SpaceX’s revenue now comes from Starlink, the company’s satellite internet venture, while its Starship rocket program keeps trying to not blow up in Texas. Musk, meanwhile, is busy feuding with Trump and launching a political party.

Amazon Prime Day sales down 41%. Amazon’s “doorbusting” Prime Day sales crashed 41% on Day 1 — and no, that’s not a typo. After hyping a now four-day sales marathon, buyers seem to be hitting snooze on the panic-buy button. According to Momentum Commerce, which tracks $7B worth of Amazon sales, shoppers are lurking… not clicking (yet). Sure, sales were still 477% higher than a regular Tuesday, but that’s like saying your flight was delayed 6 hours instead of canceled. Momentum blames the slow start on “wait and see” shoppers, weak discounts (21% this year vs. 24% last year), and tariff drama messing with supply chains and pricing. Also in the mix: Walmart, Target, and Wayfair all crashed the party with their own sale events, turning Prime Day into more of a turf war. Adobe still thinks Americans will blow $23.8 billion by the end of it all, mostly on back-to-school stuff and office supplies.

Samsung Drops 7 New Toys, Still Obsessed with Folding Everything

Samsung just dropped seven new devices at its summer Galaxy Unpacked event, because apparently two folding phones weren’t enough. Enter the Galaxy Z Fold7, Z Flip7, and — wait for it — the Z Flip7 FE, a cheaper “Fan Edition” meant to lure in Motorola Razr fans with $900 to burn. The Fold7 is now so thin it could probably slice bread (8.9 mm folded, 4.2 mm open). It’s lighter than an iPhone, has bigger screens, and still claims to be more durable. Sure. Meanwhile, the Flip7 has slimmer bezels, a bigger outer display, and a chunkier battery. Sadly, Samsung still limits what you can do on that front screen. So it’s mostly for show. Also unveiled: the Galaxy Watch8 series — now with weird “squircle” shapes, because apparently circles were too mainstream. The Watch8 Classic still has the beloved rotating bezel, though, for people who like their wrists to do the scrolling.

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Perplexity thinks you’ll pay $200 for a browser. Perplexity just dropped Comet, its shiny new AI-powered web browser, and it’s gunning straight for Google’s throne. Only catch: you’ll need to cough up $200 a month for the Max plan or have a golden ticket from the waitlist to even try it. Comet comes with Perplexity’s AI search built in (shocking), giving you bite-sized summaries instead of the usual doom-scroll of links. There’s also Comet Assistant, your digital butler that can read emails, manage tabs, summarize your calendar, and basically hold your hand through the internet — all from a little sidebar.

YouTube declares war on AI-generated slop. YouTube is finally cracking down on the flood of lazy, copy-paste content clogging up your feed — especially the kind cranked out by AI. Starting July 15, the platform will update its monetization rules to target “inauthentic,” mass-produced, and repetitive videos that scream “made by a bot in 5 minutes.” No, it’s not banning reaction videos or anything with clips (yet), despite the panic. YouTube insists it’s just clarifying what’s always been the rule: if your content looks like it was slapped together by a toaster with a Wi-Fi chip, don’t expect ad money. Basically, if your video smells like spam, acts like spam, and was built by an algorithm on autopilot — it’s out.

TSA Finally Realizes Shoes Aren’t Weapons

The TSA is (finally) letting you keep your shoes on at airport security. That’s right — no more barefoot airport runway walks. Homeland Security says the no-shoes rule is over for most passengers, thanks to a security review that apparently discovered socks aren’t a national threat. The change is effective immediately at some airports, with plans to expand. If you’re “randomly selected” for extra screening (aka you looked too comfy), you might still have to de-shoe. But for most travelers, the era of public sock exposure is coming to a blessed end.

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Scarlett Johansson is now queen of the box office. Scarlett Johansson just stomped past the boys (sorry, Downey Jr. and Samuel L.) to become Hollywood’s highest-grossing lead actor ever — and no, not because of another Marvel flick. This time, she suited up for Jurassic World: Rebirth, where she plays a dino-fighting ex-military badass. The movie raked in $318 million globally in just six days, and ScarJo’s total career earnings now sit at a casual $14.8 billion (pre-inflation, but still). So yes, Black Widow + raptors = unstoppable. She’s officially Hollywood’s top-grossing lead.

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TikTok of the day: watch here

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