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Morning Brew Daily

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

Jun 28, 2024
28:21
Snipd AI
A recap of the 1st Biden/Trump debate and the Supreme Court rejecting the Purdue Pharma settlement. Amazon's plan to rival Shein, Al Michaels as stock of the week, multivitamins' impact on longevity, and NASA's disposal of the International Space Station.
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Podcast summary created with Snipd AI

Quick takeaways

  • Biden's subdued demeanor post-debate raised concerns among Democrats about his candidacy, overshadowing his attacks on Trump.
  • Supreme Court's rejection of Purdue Pharma settlement highlights concerns about corporations misusing bankruptcy laws to avoid future litigation.

Deep dives

Presidential Debate Outcome and Candidate Chances in Prediction Markets

Following the recent presidential debate, Republicans were more optimistic than Democrats due to criticisms towards President Biden's performance and concerns about his age. Biden's attacks on Trump were overshadowed by his subdued demeanor, leading to panic among Democrats regarding his candidacy. Prediction markets now show Trump at 61% chance of winning, with Biden at 27%. Notably, California Governor Gavin Newsom and Michelle Obama's chances also saw an increase.

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