Good morning. It’s Thursday, June 5 — and if your weather app says “feels like 102,” please accept our thoughts, prayers, and a lukewarm iced coffee.

Today in history: Back in 2013, Americans found out Big Brother wasn’t just a weird reality show — he was real, he had receipts, and he worked for the NSA. The Guardian dropped the first bombshell from an anonymous whistleblower, revealing the government had been very interested in everyone’s texts, emails, and probably your high school Tumblr. Three days later, Edward Snowden pulled off his hoodie and said: surprise, it’s me. 

Anyway, it’s a beautiful day — unless you’re in Texas or Arizona, where the sun is trying to cook you medium rare. For the rest of us, it’s that dreamy early June weather that makes you want to cancel all your meetings and just sit on a park bench like a romantic lead in a French film.

So here’s to clear skies, functional AC, and inboxes that behave. We made this scrollable thing just for you. 

Today’s stories:

• Japan tests universal artificial blood breakthrough

• Airlines quietly test solo travel surcharge

• Nvidia tops $3T, beats Microsoft (again)

• Meta bets on nuclear-powered AI future

• Harlem bins rats, welcomes robot trash

• Wells Fargo finally escapes asset cap

• Pixel 10 coming — more AI, less new

• CEO pay soars, worker wages stall

• Six tourists touch space, barely

• Meta to fully automate ads

  and more…

Stocks ended mixed and bonds rallied Wednesday after weak economic data reignited pressure on the Fed. U.S. services activity shrank in May, and private employers added just 37,000 jobs — the slowest pace in over two years, according to ADP. That was all Trump needed to double down, once again urging Fed Chair Powell to cut rates, calling him “unbelievable” on Truth Social.

Bond markets moved fast: the 10-year Treasury yield posted its sharpest drop since mid-April, falling to 4.364% from 4.459%. The 2-year also dipped to 3.877%. Meanwhile, equities stayed cautious — the Nasdaq gained 0.3%, the S&P 500 barely budged, and the Dow slipped 0.2%.

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CEO Pay Hits Orbit

The 2024 CEO pay report is in, and the numbers are absurd. According to the Wall Street Journal, half of the top-paid executives made at least $17.1 million last year — up $1.3 million from the year before. It’s a record-breaking year for the already record-breaking. Since 1978, CEO pay has soared 1,085%, while regular workers managed a modest 24% bump. In 1965, CEOs made 21 times more than the average employee. Now they make 290 times more. That sound is reality snapping in half. Topping the list: Rick Smith, CEO of Axon, maker of TASERs. He took home $164.5 million in 2024, a 999% raise. Electrifying.

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Nvidia becomes world’s most valuable company (again). Nvidia just leapfrogged Microsoft to become the most valuable company on Earth, clocking in at a casual $3.444 trillion. That’s trillion with a T. The stock has exploded nearly 50% since April, because investors cannot get enough of those AI chips — especially after Nvidia’s latest earnings report flexed on everyone and proved they can still print money, even without China. Their fancy new Blackwell servers are shipping just fine, despite supply chain drama, and demand from Big Tech bros like Microsoft is stronger than your third espresso shot. Meanwhile, Microsoft is sulking in second place, and Apple’s somewhere polishing its Vision Pro headset in a corner. 

Meta’s AI plans just went nuclear. Meta signed a 20-year deal to power its AI empire with nuclear energy from an Illinois plant that was almost shut down. Starting 2027, the Clinton Clean Energy Center will boost output by 30 megawatts — enough to run a small city or, apparently, a few very needy servers. Meta joins Microsoft, Google, and Amazon in the “AI needs nukes” club. Everyone wants clean energy that won’t melt the polar ice caps or their data centers. Meanwhile, the U.S. still can’t build reactors on time or on budget. But hey, at least your Reels will stay online.

Wells Fargo gets off the Fed’s naughty list. Seven years after the fake accounts fiasco, Wells Fargo just got the green light from the Federal Reserve to grow again. The $1.95 trillion asset cap slapped on them in 2018 is finally gone. Stocks jumped, PR statements flowed, and execs are calling it a "pivotal milestone." The Fed decided Wells had finally cleaned up its mess — governance, risk controls, and a third-party review all passed the vibe check. CEO Charlie Scharf gave the usual redemption speech and announced $2,000 stock awards for full-time employees, just in case anyone forgot who cleaned up the mess. Analysts at Citi say the cap lift mostly helps with commercial deposits and trading balance sheets but don’t expect a loan growth party just yet. Most of the market already saw this coming.

Blue Origin Yeets 6 People Just Barely Into Space

Blue Origin launched six passengers to the edge of space for a quick cosmic joyride on Saturday — the company’s 12th New Shepard flight. The crew, including a Panamanian diplomat, a Canadian, a Kiwi literally named Mark Rocket (subtle), and three Americans, got three whole minutes of weightlessness before falling back to Earth. The ship hit 65 miles high, which technically counts as space if you squint hard enough. Big windows, zero gravity, and lots of “spiritual” post-flight interviews. Then it was back down to Texas, because space tourism is basically the world's most expensive elevator ride now.

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Your next ad was brought to you by a bot. Meta is working on a plan to fully automate ad creation with AI by the end of next year. You’ll hand over a product image and a budget, and the machines will do the rest — write the copy, pick the photos, target the people, and even suggest how much to spend. No thoughts, just ads. They’re also building tools to show different versions of the same ad to people in different places, so your friend in Miami sees poolside vibes while you get rain boots in Seattle.

Japan tests artificial blood that works for everyone. Japan is testing artificial blood that could work for any blood type and last two years on a shelf — basically, the holy grail of blood donations. The first human volunteers got their sci-fi juice back in March, and if no one starts glowing in the dark, trials will move to the next phase. The idea is to solve global blood shortages, especially in emergencies, surgeries, and childbirth — places where “sorry, we’re out of your type” can be deadly. Other countries have tried this before, but Japan’s jumping in now with renewed urgency. With only 16% of the world’s population living in high-income nations that collect 40% of the world’s blood, the math doesn’t exactly work out. Maybe artificial blood will.

Google’s Pixel 10 launches August 13. Google will roll out the Pixel 10 series on August 13th at its “Made by Google” event. Phones hit shelves a week later, on the 20th. Leaks confirmed four models: the standard Pixel 10, Pro, Pro XL, and another attempt at a foldable phone with the Pixel Pro Fold. The base Pixel 10 gets a telephoto lens for the first time but downgrades elsewhere to make it happen. Pro models stay mostly the same in design, recycling last year’s hardware with a shiny new Tensor G5 chip and more AI fluff to keep things “next-gen.” Pixel Watch 4 will likely sneak into the spotlight, too, for those keeping track. Another year, another rectangle.

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Flying Solo? That’ll Cost You Extra

Some airlines have been quietly testing a new move: charging solo travelers more than people booking in pairs. Thrifty Traveler uncovered the scheme after spotting random one-way domestic flights priced higher for single ticket buyers on Delta, United, and American. Delta and United dropped the solo surcharge after getting called out, but American Airlines still appears to be running with it on select routes. No official explanation, of course — just vibes and algorithms. It’s not widespread yet — showed up in maybe 5 to 10 out of 100 searches — but that’s how these pricing games start. Today it’s random routes. Tomorrow, your solo trip to visit grandma costs $42 more because you’re emotionally independent.

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NYC’s trash glow-up begins in Harlem. New York just gave garbage a $500,000 facelift. In Harlem, sleek new trucks now lift giant Euro-style trash bins with robot arms, ditching the sidewalk bags and rat buffets for something a little more “future, but still smells like trash.” It’s the first fully containerized neighborhood in North America. The bins — taking up some parking spots, cue the drama — lock with keycards and get emptied by joystick-wielding sanitation pros. The result: fewer rats, less “garbage juice,” and fewer workers getting injured by mystery goo or airborne bags. Some bins are still surrounded by trash when people can’t aim, and double-parked cars are throwing off the rhythm. Still, Harlem just became NYC’s cleanest test subject. Let’s see if the rest of the city can handle bin life.

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