August 26, 2024 | Listen Online | Read Online

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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).

All times are ET.

1. iPhone 16 expected to debut on Sep. 10, alongside new Watch, AirPods

MacRumors: iPhone 16 render based on rumors.

Sep. 20: iPhone 16 series may hit stores 10 days after launch.
iPhone 12-like vertical camera likely on iPhone 16 and iPhone 16 Plus.
Apple Watch Series 10 with thinner build & larger screen in rumors.
4 new Mac models in testing to launch later in 2024.
Separately, Apple may unveil mobile robots following its tabletop device in 2026–27.

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3. Telegram says CEO Durov has nothing to hide after arrest in France

X: Telegram Messenger.

39-year-old billionaire arrested at Le Bourget airport on Saturday.
Preliminary probe for allegedly enabling crimes on Telegram.
Telegram emerged as primary "unfiltered" source following Ukraine invasion.

Elon and other tech moguls rushed to defend Durov, calling attacks on free speech "dangerous"

X: Elon Musk.

Rumble's CEO also criticized France after he "safely departed from Europe."

Telegram app has grown by 90% to 950M monthly active users in 2024 from 500M in 2021

4. SpaceX's Polaris Dawn mission aims private spacewalk, set for Tuesday

X: Elon Musk.

435-mile altitude: where the spacewalk will take place.
1st ever spacewalk with private citizens.
Spacesuits will have a joint mobility system and copper-tin visor.

5. Podcasts are getting more ads, making up 10.9% of run time in Q2

The share of podcast show minutes allocated to ads is +3% over 3 years from 7.9% in Q2 2021:

$0.06 ad revenue per hour in 2024, up from $0.05 in 2021.
Podcasts running ads after every 10 mins. became common.
42% of podcast listeners find ads "slightly annoying but tolerable."
10% of think they are intolerable.

6. PE dealmaking in aviation MRO on track to reach 2020 record

PitchBook.

13 PE investments in Maintenance, Repair, and Operations (MRO) this year.
PE dealmaking in MRO hit 51.9% in 2020, with 27 deal closed.
MRO market projected to grow at double-digit rates in 3–5 years.
CORE, Bain Capital, & Ironwood Capital, among PE firms betting on MRO.

7. Interesting videos, posts, and memes

Longevity Roadmaps | Mark Hamalainen

AI Demos: New Runway, Grok 2.0, Flux & Jam Session with Ulama | E1997

Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions

#61: The Venture Capital Reset Era

8. Other headlines

AI

Andrew Ng steps down as LandingAI CEO, startup he founded in 2017.
Chinese tech giants double AI spending to ~$7B in H1 2024.

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Tech

Microsoft to hold security event on Sep. 10 with CrowdStrike, other vendors.
X plans to award stock options based on employees' anticipated impact.
Starlink imposes "outside region fee" to stop scalpers.
NASA turns to SpaceX for bringing astronauts back from ISS.

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Tech & law

DOJ sues RealPage in rental collusion case.
Iranian hackers targeted WhatsApp accounts of Biden, Trump staffers: Meta.

Biotech

Free at-home COVID tests to be restarted by U.S. in late Sep.
Zydus Lifesciences to acquire 50% of Temasek-backed Sterling Biotech.

Crypto

Shiba Inu plans to launch DAO.
WazirX slams external forces for delaying restructuring.

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U.S. politics

RFK Jr. suspends his campaign, endorses Trump.
Trump might skip ABC debate with Harris.
Elon wouldn't have time to be in Cabinet, Trump now says.
Vance says Trump would veto national abortion ban.
Jack Smith decides against Trump mini-trial before election.

World

Israel, Hezbollah could start war after major missile exchange.
Russia launches drone attack on Kyiv.
Nuclear weapon race globally at record high: UN.
Chinese government to discuss Taiwan, tariffs with Sullivan this week.
North Korea tests "suicide drones."

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