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Morning Brew Daily

What Biden Dropping Out Means for Markets & The IT Outage That Halted Almost Everything

Jul 22, 2024
30:43
Snipd AI
Topics discussed include Biden dropping out of 2024 race, global IT outage aftermath, Twisters movie success, Bruce Springsteen as a billionaire, Chinese company creating AI Avatars of deceased loved ones, and upcoming events like Paris Olympics and Bitcoin conference.
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Podcast summary created with Snipd AI

Quick takeaways

  • Joe Biden dropped out of the presidential race and endorsed Kamala Harris, impacting markets and fundraising.
  • A global IT outage caused by a faulty update from CrowdStrike raised concerns about cybersecurity vulnerabilities.

Deep dives

President Biden Drops Out of Presidential Race

Joe Biden announced his decision to drop out of the presidential race in November, making history by leaving the race late in the election cycle. Following intense pressure and concerns over his electability, Biden endorsed Vice President Kamala Harris as his replacement, leading influential Democrats to support her, positioning her as the leading nominee to succeed him.

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