Biden/Trump Debate Moves Prediction Markets & Amazon’s Plan to Take Down Temu and Shein

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Jun 28, 2024

The recent presidential debate brought Biden’s age into question while Trump’s performance was marked by controversy. A Supreme Court ruling complicates Purdue Pharma's accountability in the opioid crisis. Amazon targets fast-fashion competitors by launching its own service. The stock market sees Walgreens struggling while Al Michaels’ AI commentary gains traction. Meanwhile, a study suggests multivitamins may not enhance longevity, and NASA prepares for the ISS's retirement, handing responsibilities to SpaceX.

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ANECDOTE

Presidential Debate Recap

President Biden and Donald Trump debated, with Biden's performance raising concerns about his age.
Trump repeated falsehoods and refused to commit to accepting election results.

INSIGHT

Prediction Market Reactions

Prediction markets reacted strongly to the debate, favoring Trump.
Newsom and Obama's chances increased, reflecting public sentiment.

ANECDOTE

Supreme Court Rejects Purdue Settlement

The Supreme Court rejected the Purdue Pharma settlement, removing Sackler family protections.
The settlement offered $6 billion to opioid victims but shielded the Sacklers from lawsuits.

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Episode 354: Neal and Toby recap the 1st presidential debate between President Biden and Republican nominee Donald Trump. Then, the Supreme Court rejects the Purdue Pharma settlement that would’ve sent billions to treatment programs affected by the opioid crisis but shielded the Sackler family from any future lawsuits. The right move? Also, Amazon plans to launch its own fast-fashion service similar to Shein to maintain its hold as the top retailer. Next, Al Michaels is the stock of the week and Walgreens is the dog of the week. Meanwhile, a new study suggests that daily multivitamins don’t actually help with longer life. Lastly, the International Space Station has an expiration date and NASA has tasked SpaceX to take out the trash.

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