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Top stories today: - Trump, Elon conversation on X sees delay, 1M concurrent listeners
- Apple threatens to remove Patreon from App Store over in-app billing
- Made by Google event starting at 1 PM ET: what to expect
- a16z led VC investments in July in U.S. with 11 deals
- U.S. funds adapting strategies to attract Middle East investments
- Global EV sales +21% YoY in July to 1.35M, led by China
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0. Data and calendar |
 | All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). |
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 | All times are ET. |
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1. Trump, Elon conversation on X sees delay, 1M concurrent listeners, Trump returning to X |
 | Elon Musk & Donald Trump Full Conversation (Uncensored) |
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19M total listens. Commission to ensure that taxpayer money is spent effectively was proposed by Elon, pitching himself to be a part of it. Trump liked the idea. Trump returns to X after 1 year of not posting. If he will continue posting is uncertain. 89M followers on X, vs. 8M on Truth Social.
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Elon blamed the 40-minute delay on a DDoS attack, without providing evidence |
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2. Apple threatens to remove Patreon from App Store over in-app billing |
Creators using monetization platform may soon raise memberships on iOS: |
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"Apple is requiring us to switch over to their in-app purchase system for all iOS transactions or else risk being kicked out of the App Store altogether." Nov. 2024: Opt-in option for creators. Nov. 2025: All creators must use Apple's in-app billing. 30% tax: how much Apple charges for in-app billing.
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Separately, Epic has submitted its marketplace app to Apple for EU launch |
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4. Made by Google event starting at 1 PM ET: what to expect |
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Pixel 9 family with smaller 6.3-inch Pro alongside larger 6.8-inch option. G4 Tensor chip to power Pixel 9 lineup. Pixel 9 Pro Fold with taller, slimmer build than earlier foldable. Gemini AI deeper integration. Pixel Watch 3 in 41mm, 45mm sizes with larger screens. Pixel Buds Pro 2 with wing tip design.
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5. a16z led VC investments in July in U.S. with 11 deals |
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a16z closed 11 deals in July, led or co-led 3 big rounds, with the largest being $200M (Astranis). 30 deals announced in the past 3 months have a16z as investor.
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6. Global EV sales +21% YoY in July to 1.35M, led by China (+31%), with Europe -8% |
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7. U.S. funds adapting strategies to attract Middle East investments |
~$4T in assets are controlled by the top gulf funds: |
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$7.6T by 2030: what Middle Eastern sovereign fund assets are projected to hit. Apollo Global sent 200 people to Abu Dhabi this year for local fund meetings. Blackstone has also been increasing relationships with Middle Eastern funds.
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8. QSBS limit change to $150M would boost employee QSBS ownership by 43.7%: Carta |
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9. Interesting videos, posts, and memes |
 | Shaun Maguire: Why Iran is the World's Greatest Evil & Trump is the Only Hope for Peace | E1189 |
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 | How to write a book with AI [step-by-step guide] |
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 | Regulating Artificial Intelligence: A Conversation with Yoshua Bengio and Scott Wiener(Episode #379) |
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10. Other headlines |
AI |
Meta, UMG sign multiyear contract for AI and monetization of artists. Polymarket ties up with Perplexity, Tako to show news summaries, AI visuals. Artists' lawsuit against gen. AI companies can move forward, judge says. 7 AI startups that may be looking for acquirer: Reka, Imbue, Cohere, others.
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Tech |
Apple approves iDOS 3 on App Store following emulator rule update. Google cuts off Russian AdSense accounts after confirming final payments. TikTok adds group chats with up to 32 people for users above the age of 15. Waymo plans to test fully autonomous robotaxis on SFO freeways this week. Reddit gets focus from NYT, Puck for potentially generating traffic. Polish billionaire Rafal Brzoska plans to sue Meta over fake ads.
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Tech & law |
FBI probing alleged Iran hack attempts aiming at Trump, Harris camps. Austria's NOYB files data use complaint against X over AI training. India's antitrust body recalls reports on ongoing Apple probe.
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Biotech |
Moderate drinking linked to higher mortality in study with 135K older adults. Halda secures $126M to advance "hold and kill" solid tumor drugs. Lykos' MDMA-related articles pulled over "unethical conduct." 3D printing of vascular networks method developed.
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Business |
Scotiabank to buy 14.9% of KeyCorp for ~$2.8B, KeyCorp's stock +13%. JetBlue downgraded by 3 largest ratings firms. Singapore revises 1H growth to 3.0%.
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Crypto |
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U.S. politics |
RFK barred from NY ballot by judge, arguing he falsely claimed being resident. Trump plans $100M lawsuit against DOJ over FBI's Mar-a-Lago search. Harris-Walz first ad blitz launched by DNC. Harris at 52%, Trump at 46% on Polymarket.
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World |
Iran attack on Israel could be this week, says White House. Gaza peace talks to continue, with ceasefire possibility: State Dept. New Zealand sees record exodus as economy struggles.
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