GisermanGroup.com #BreakingNews

🎥Actors Strike

🛒Amazon Shares Soar on Biggest Shopping Day Ever

🐂Bull Market-Cooling Inflation

🏠Mortgages Hit Decade High, Home Prices Thru The Roof

🕊️Meta Stock @ 52 Week Hi as

💻China Hacks U.S. Officials

🕶️Biden Loses His Cool In Meetings

🏛️TRUMP ‘SCARED $HITLESS’—Chief of Staff

💻TikTok Ban

💊BirthControl: Over-the-Counter Pill Approved

🎥Actors Strike

Tens of thousands of Hollywood Television and Movie Actors are on Strike

SAG-AFTRA’s national board of directors voted unanimously to approve a strike action, widening the scope of labor unrest in an entertainment industry that is already facing numerous headwinds.

Actors — similarly to screenwriters already on picket lines — have been battling studios for a pact that would deliver far better pay and residuals from streaming and address other issues, including the use of artificial intelligence, that have been roiling the entertainment landscape.

🛒Amazon’s Biggest Shopping Day Ever

Amazon shares at a 10 month high on these Headlines

*AMAZON: FIRST DAY OF PRIME DAY SINGLE LARGEST SALES DAY EVER

* AMAZON PRIME MEMBERS BOUGHT OVER 375M ITEMS WORLDWIDE

The first day of Amazon’s two-day Prime Day event saw U.S. sales rise nearly 6% year-over-year to $6.4 billion, according to Adobe Analytics Data. The number represents the single biggest e-commerce day so far in 2023 and what Amazon calls its single largest sales day ever.

💊BirthControl: Over-the-Counter Pill Approved

The Food and Drug Administration approved the first over-the-counter birth-control pill, significantly expanding access to contraception.

The FDA on Thursday followed the advice of expert advisers who recommended in May that the agency grant nonprescription approval to the pill despite questions over some data on its proper use. Medical societies and advocacy groups have called for years for birth control to be available over the counter.

 The push intensified last year after the Supreme Court eliminated the constitutional right to an abortion, leaving decisions on abortion’s legality to the states. 

🐂Bull Market-Cooling Inflation

Stocks higher again, on new signs inflation is easing.

Nasdaq the big winner up over 1.5%, Dow up about 85 points.

The producer price index for June shows a smaller-than-expected increase, rising 0.1%. Economists were expecting an increase of 0.2%.

That latest data comes a day after Consumer prices rose just 0.2% in June, less than expected, as consumers get a break from price increases offering some of the most hopeful news since the Fed began trying to tame inflation 16 months ago.

GisermanGroup.com Client Mario Veneroso, of Kingsview Wealth Management tells Fox Business stocks are following up on a bang-up first half of the year:

Mi­crosoft shares higher on word it can close its $75 bil­lion ac­qui­si­tion of Ac­tivi­sion Bliz­zard, a fed­eral judge ruling Tues­day, de­liv­er­ing a ma­jor set­back to the Biden ad­min­is­tra­tion’s at­tempt to rein in big merg­ers. But the UK might throw up a roadblock, reviewing the deal.

A rocketing first-half of 2023 especially for tech stocks. They’re called ‘The Magnificent Seven”: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta. Combined, the 7 are nearly 90% of the rally fueled by excitement about their exposure to artificial intelligence.

It comes as the creator of ChatGPT is calling for heavy regulation on artificial intelligence technologies. “My worst fear is that we, the technology industry, cause significant harm to the world,” OpenAI Chief Executive Officer Sam Altman said. “If this technology goes wrong, it can go quite wrong.”

Elon Musk launched his long-teased artificial intelligence startup xAI on Wednesday after warning about AI’s potential for “civilizational destruction,” arguing that a race among companies such as Google and Microsoft to develop the technology should be halted to allow time for drafting regulation for the sector.

And this from President Biden, "I met in the Oval Office with eight leading scientists in the area of AI. Some are very worried that AI can actually overtake human thinking in the planet. So we've got a lot to deal with. It's an incredible opportunity, but a lot do deal with."

🏠Mortgages Hit Decade High, Home Prices Thru Roof

The 30 year mortgage rate has hit a new decade high at 7.38%, as home prices also hit new highs.

Still, New-home sales advanced in May to their fastest pace in over a year.

“Housing has been the Cinderella Story of the year,” SitusAMC’s Tim Rood, former Fannie Mae Exec has been saying it for months.” Rood, a GisermanGroup Client breaks it all down to Fox’s Neil Cavuto

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Rood, on Scripps News says Housing is the Cinderella Story of the Year:

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🕊️Meta Stock @ 52 Week Hi as Musk-Zuckerberg War Gets Raunchy

Shares of Facebook parent Meta hit a 52 week high.

Elon Musk is letting the personal insults fly as the social media feud with Mark Zuckerberg heats up.

Musk Tweets:

“Zuck is a cuck,” the Twitter chief writes on Twitter…he goes on:

“I propose a literal dick measuring contest.”

Zucker­berg says his new sight ‘Threads’ hit 100 mil­lion sign-ups less than a week af­ter launch­ing. At least two third-party es­ti­mates sug­gest Twitter traf­fic has been fall­ing in tan­dem, an in­di­ca­tion that its users may be leav­ing it for Threads rather than at­tempt­ing to jug­gle both.

Twitter’s lawyer wrote a letter to Meta accusing the company of “systematic” and “unlawful misappropriation” of trade secrets following the launch of Threads.

💻China Hacks U.S. Officials

China’s campaign to undermine U.S. security doesn’t stop after making new promises to Treasury Secretary Janet Yellen. The non-kinetic warfare exposed on cyber and economic levels is vast. However, China’s response is denial bordering on gaslighting.

We now learn that Commerce Secretary Gina Raimondo and senior officials at the State Department were victims of a newly discovered Chinese hacking campaign,even as the Biden administration pushes to soothe rising tensions with Beijing. 

China expert GisermanGroup Client Brandon Daniels, CEO of Exiger says, “In the last couple of months, China has amped up their intimidation tactics by: threatening Taiwan blockades, throttling exports of chip-manufacturing  materials to the U.S. and substantially increasing their draconian states secrets laws to allow for unrestrained seizure or corporate data on Chinese soil; and now hacking U.S. government officials,  these are not the motions of progress.”

The date of the hack’s discovery in June closely aligned with the timing of Antony Blinken’s travel to China, the first U.S. secretary of state to visit Beijing in five years.

⏰TikTok Ban

China-based TikTok has filed suit in Montana seeking to block the state’s new ban on the app.

Montana is the first state to enact a complete ban on TikTok.

The Biden ad­min­is­tra­tion is de­mand­ing Tik­Tok’s Chi­nese-own­ers sell their stakes in the video-shar­ing app or face a full U.S. ban.

Matt Hayden Former Cybersecurity Czar at the Department of Homeland Security and a GisermanGroup.com client on Scripps News says TikTok is dangerous:

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🪙Bitcoin Takes Off

Bitcoin near its highest level in a year, around $30k.

The Se­cu­ri­ties and Ex­change Com­mis­sion has sued Coin­base, al­leg­ing the U.S.’s largest crypto plat­form vi­o­lated rules that re­quire it to reg­is­ter as an ex­change and be over­seen by the fed­eral agency.

It comes after the S.E.C. accused Binance, the world’s largest cryptocurrency exchange, of mishandling customer funds..

Exiger’s Samar Pratt, a GisermanGroup Client, on FinTechTV says Crypto had recently gained a foothold at BNY Mellon:

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⚾️All Star Game Scores Low Ratings

The 2023 MLB All-Star Game scores record-low ratings.

The Fox broadcast was watched by 701 million viewers, down 7% from last year's record-lows of 4.21 and 7.51 million, according to Sports Media Watch. The MLB All-Star Game has now set a record-low in ratings with five of the past seven games (2016, 2018, 2019, 2022, 2023).

This year's edition of the game saw the National League snap a nine-game losing streak against the American League with a 3-2 win at Seattle's T-Mobile Park. The heroics came in the eighth inning, when Colorado Rockies catcher Elias Díaz hit a two-run homer to give the NL a 3-2 lead.

💉Ozempic Suicide Probe

If it seems too good to be true, it’s usually not (true).

Drug-safety regulators are probing popular weight-loss drug Ozempic after patients report the medicine triggers thoughts of suicide and self-harm.

The European Medicines Agency says that a safety committee is investigating Novo Nordisk-made weight-loss drugs — including Ozempic, Saxenda and Wegovy — after Iceland’s health regulator flagged three cases of patients on the meds having suicidal and self harm-related thoughts.

According to the U.S. Food and Drug Administration there have been at least 60 reports of suicidal ideation since 2018 from patients on the drug, or from their health care providers.

As the saying goes: there’s no free lunch.

🚀How Elon Musk Controls Outer Space

Elon Musk’s Tesla is tops in the EV business, his Twitter has a commanding role in social media, now his rocket ship company has few alternatives.

SpaceX has cor­nered much of the rocket-launch mar­ket, with a proven fleet of re­usable rock­ets that can fly at a pace that ri­vals can’t match—and at lower prices.

The com­pa­ny’s rock­ets pow­ered 66% of cus­tomer flights from Amer­i­can launch sites in 2022, and han­dled 88% in the first six months of this year, ac­cord­ing to launch data com­piled by Jonathan Mc­Dow­ell, an as­tro­physi­cist who tracks space ac­tiv­ity.

On Fri­day af­ter­noon, Musk said that other com­pa­nies and coun­tries aren’t set­ting out big enough ob­jec­tives for space, and drew a con-trast with what he said is SpaceX’s mis­sion to make life mul­ti­plan­e­tary. “Even slightly suc­ceed-ing in that goal re­sults in crush­ingly good per­for-mance to Earth or­bit,” he said in a tweet.

🕶️Biden Loses His Cool In Meetings

According to reports, the nice President Joe Biden we see is not the same as the Joe Biden with his staff. When he gets mad in meetings, some of his admonitions include:

“God dammit, how the f**k don't you know this?!," "Don't f**king bullsh*t me!" and "Get the f**k out of here!" …reports Axios.

Biden tries to conceal his temper in public but occasionally has shown flashes of it — and some former aides have written about it. In January 2022, he was caught on a hot mic calling Fox News' Peter Doocy a "stupid son of a bitch."

🧑‍🏭Russian Revolution

The leader of the Russian coup Yevgeny Prigozhin head of the Wagner mercenary group , is in St. Petersburg or Moscow, not in Belarus according to President Aleksandr Lukashenko of Belarus. Prigozhin has not been seen for two weeks.

They’re calling it the beginning of the end of the Russian President’s rule.

Vladimir Putin tried this week to show he was firmly in control after the dramatic attempted mutiny by mercenary commander Prigozhin.

But among the Kremlin and business elite, many powerful players aren’t buying it.

A banana republic was the phrase one former senior official who still maintains close government ties used to describe the spectacle of Prigozhin leading his column of tanks and fighters to within 125 miles of Moscow.

President Putin said the organizers of an armed mutiny will be “brought to justice.”

In an audio recording of his own, Prigozhin taunted Russia’s military, calling his march a “master class” on how it should have carried out the February 2022 invasion of Ukraine. The Wagner chief also mocked the Russian military for failing to protect the country, pointing out security breaches that allowed Wagner to march 500 miles inside Russia without facing resistance and blocking all military units on its way.

The White House, U.S. Military and spy agencies are watching closely.

Ukraine President Volodymyr Zelenskyy is cheering-on the Wagner Group

It’s a trying time for all of us.

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🕶️’Summer of Fun’ Heats Up Inflation

Call it ‘Fun-Flation’

This summer consumers are splurging on through-the-roof airfare, expensive concert tickets, soaring hotel prices and pricey meals.

Some call the phenomenon “revenge spending,” the zeal to indulge in experiences now that Covid lockdowns are far in the past. It helps that many still have pandemic savings to draw on, or have seen their wages surge in the past year.

We’ll probably pay for it down the road, but what the heck —have fun!

🏫Biden Takes On SCOTUS

The Supreme Court waited until the end of its nine-month term to flex its conservative muscle.

Many in corporate America fear that years of efforts to promote diversity are now vulnerable to legal challenges. While the Supreme Court latest ruling may not upend such initiatives, lawyers and executives say, future ones that go before the Court could.

The Court struck down affirmative action policies at colleges and universities that use race as a factor in deciding who is admitted.

In a pair of decisions, the six conservative justices ruled that Harvard, the nation's oldest private college, and the University of North Carolina at Chapel Hill, the oldest state university, were illegally discriminating based on race and violating the Constitution.

The decision, like the momentous abortion ruling that overturned Roe v. Wade, marked the realization of a long-sought conservative legal goal, this time finding that race-conscious admissions plans violate the Constitution.

President Biden slammed the decision. When asked if this is a rogue court, he replied: "This is not a normal court."

Meantime Biden plans to announce "new actions to protect student loan borrowers," after the Court overturned his signature program to eliminate up to $20,000 in student loan debt for millions of Americans.

🌶️Hot News: Sriracha Prices Heat-Up

A shortage of a Mexican chili pepper hindering production of sriracha hot sauce, driving prices through the roof just one year after the manufacturer abruptly halted production, and researchers believe an ongoing drought exacerbated by human-caused climate change is to blame.

One Amazon seller is offering a pack of two 17-oz. bottles for $125. Ordinarily, a 17-oz. bottle costs around $5.

According to National Autonomous University of Mexico researcher Guillermo Murray Tortarolo, the failed harvest stems from dry conditions made worse by a years-long “megadrought” and back-to-back La Niña events that prolonged it in northern Mexico, where the chilis are grown.

🎵Madonna’s Health Scare

Madonna’s family is worried her illness was triggered after trying to compete with younger stars like Taylor Swift and Pink.

The 64-year-old legend had reportedly been pushing herself to her physical limit ahead of her much-anticipated “Celebration” tour, which led to her sudden collapse.

Madonna is recovering from a "serious" health scare after landing in the ICU over the weekend. As a result, the 64-year-old singer's highly-anticipated world tour is rescheduled.

Guy Oseary, the icon's longtime manager, released a statement and revealed that Madonna developed a bacterial infection.

🎤Billion Dollar Concert Tour

Taylor Swift's 106-night "Eras Tour" could become the first to rake in over $1 billion in revenue — potentially breaking an industry record held by Elton John.

Its success — which industry executives compared to Beatlemania, with reports of "post-concert amnesia" — could reset expectations for blockbuster tours by other major artists.

She's also playing 54 international dates, which could push her over the $1 billion mark for ticket sales, The Wall Street Journal reports.

The Journal's napkin math puts Swift's possible profit at over $500 million when accounting for merch and expenses.

☸️Ryan Seacrest’s Wheel Of Fortune

Ryan Seacrest has been named the next host of “Wheel of Fortune,” succeeding Pat Sajak.

Sajak announced he would step down next year after more than four decades on the job.

Vanna White is in negotiations to stay.

The show has demonstrated remarkable durability and ratings, even as traditional television has declined in the wake of streaming entertainment.

Now here’s a gig if you can get it: Sa­jak will work as a con­sul­tant on the show for three years after he retires.

🇨🇳China Takes On Biden For Calling Leader ‘Dictator’

China accuses Joe Biden of making a “public political provocation” by referring to Xi Jinping as a dictator, calling the remarks “absurd and extremely irresponsible.”

“The reason why Xi Jinping got very upset in terms of when I shot that balloon down with two boxcars full of spy equipment in it is he didn’t know it was there,” Biden told about 130 guests at a fundraiser . “No, I’m serious. That’s what’s a great embarrassment for dictators, when they didn’t know what happened.”

It comes after Secretary of State Antony Blinken met with Xi in Beijing, as the United States and China seek to pull relations out of a deep freeze, the first visit by an American diplomat to China in almost five years.

“I hope that, through this visit, Mr. Secretary, you will make more positive contributions to stabilizing China-U.S. relations,” the Chinese leader said.

Blinken told the Chinese leader it was in the “interest of the world” to steady ties, and described conversations with high-level officials during his trip as “candid” and “productive.”

US officials say the main goal of the talks is to stabilize a relationship that has become extremely tense. The state department labeled the talks “candid" and "constructive".

Xi may meet with President Biden in the U.S. in November.

In another high-stakes meeting, Friday the Chinese leader said the US and China can cooperate to “benefit our two countries” in talks with Microsoft Corp. co-founder Bill Gates .

The state broadcaster CCTV showed Xi saying he was happy to see Gates, who he called an “old friend,” after three years without meetings during the Covid-19 pandemic.

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🏛️Newsom, Kennedy In?

California Gov. Gavin Newsom’s rising media profile in recent weeks has renewed speculation over his Democratic presidential aspirations.

He’s made appearances on the national media with NBC’s “Today” show and Fox News’s “Hannity,” raising renewed interest in his political future. 

Some of that national spotlight has been used to go after Republican Presidential candidate Rob DeSantis over several dozen migrants who were flown to California.

Meantime, Robert F. Kennedy Jr., the anti-vaccine activist with a celebrated Democratic lineage has emerged with unexpected strength in early polls even as he spreads conspiracy theories and consorts with right-wing figures and billionaire donors.

Kennedy’s support from Democrats, as high as 20% in some surveys, serves as a bracing reminder of voters’ appetite for a Biden alternative.

👨‍⚖️Hunter Biden Pleads Guilty

Hunter Biden, President Biden’s son, has reached an agreement to plead guilty to charges he willfully failed to pay federal income taxes, heading off what would have been a politically explosive prosecution while his father campaigns for re-election. Biden will plead guilty to two counts of willful failure to pay income tax and one firearm offense as part of the deal.

👵GOP Push To Raise Retirement Age

Republicans are pushing to raise the retirement age to collect Social Security, handing Democrats damaging political ammunition ahead of the 2024 election.   

The proposal by the 176-member House Republican Study Committee would gradually increase the retirement age, ultimately hitting 69 years old for those turning 62 in 2033 or after. The current retirement age for full benefits now is 66 and rising gradually to 67.

Democrats successfully used similar proposals from fiscal conservatives to their advantage in the 2022 midterm election. Their message that the GOP was targeting old-age benefits resonated with voters and was credited with limiting Democrats’ losses in the House. 

TRUMP ARRESTED & CHARGED

Donald Trump’s latest excuse for not returning boxes of classified documents: "Before I send boxes over, I have to take all of my things out," Trump said in an interview with Fox News. "These boxes were interspersed with all sorts of things — golf shirts, clothing, pants, shoes. There were many things."

Oh come now-who is he kidding?

A federal judge on Monday approved a protective order sought by special counsel Jack Smith to keep Trump from disclosing sensitive information in his classified documents case.

“He’s scared $hitless,” former White House chief of staff John Kelly told the Washington Post. 

Trump has been booked, arrested and fingerprinted at the federal courthouse in Miami and arraigned on charges of mishandling classified documents. The first President ever to be arraigned in Federal Court plead not guilty to all 37 counts and then left for his New Jersey Golf Club where he typically denied any wrongdoing and claimed to be a victim of government persecution.

Jane Rosenberg/Reuters

Inside the federal courtroom, where cameras and microphones are not allowed, when asked for his plea, one of his lawyers, Todd Blanche, spoke for Trump.“We most certainly enter a plea of not guilty,” he said.

The indictment gives the clearest picture yet of the files that Trump took with him when he left the White House. It said he had illegally kept hold of documents concerning “United States nuclear programs; potential vulnerabilities of the United States and its allies to military attack; and plans for possible retaliation in response to a foreign attack.” It is the first time a former leader of the executive branch has been charged with obstructing the very agencies he led, and the first time a former commander in chief has been charged with endangering national security by violating the Espionage Act.

The former president had kept reams of classified documents in boxes at his Mar-a-Lago resort in South Florida until federal agents raided it last year and seized the records. The ex-president said he’s innocent and ripped the case as the “box hoax.”

Judge Aileen Cannon, who Trump appointed to the bench in 2020, is scheduled to preside over his trial. Judge Cannon was criticized by a higher court for handing him a series of unusually favorable rulings during the early stages of the investigation.

Special counsel Jack Smith has been investigating Trump over the removal of classified documents from the White House after he left office, as well as apparent efforts by Trump and his aides to potentially interfere in the government’s investigation.

Trump still faces two other criminal probes: Smith’s investigation of the Jan. 6, 2021, pro-Trump riot at the Capitol, and an inquiry in Georgia looking into whether he attempted to interfere with the presidential election in that state.

🚨Piling On Trump

Former New Jersey Gov. Chris Christie announced his Republican candidacy for president. Christie a one-time close Trump ally now calls the former president a "coward" and "puppet of Putin." Christie has cast himself as the one candidate unafraid to give voice to the frustrations of Republicans who have watched Trump transform the party and have had enough.

Christie calls Trump a loser because of his 2020 defeat, and said that he was unfit to return to the White House after inciting a mob to attack the Capitol on Jan. 6, 2021. He says that if Trump is the nominee, he will not vote for him.

Nikki Haley says, “ If charges are true, Trump was reckless with national security.”

Ron DeSantis says, “I would’ve been court-martialed for taking classified documents.”DeSantis was supposed to announce he is running for president during an audio only discussion with Twitter CEO Elon Musk at 6pmET….BUT the announcement was plagued with glitches. Not a good beginning for the start of DeSantis’ run for President.

Mike Pence declared his candidacy as well, saying he has no interest in pardoning the January 6th conspirators.

💻U.S. Government Hacked

Sev­eral U.S. gov­ern­ment agencies, in­clud­ing the Energy De­part­ment, have been hacked, and a Russian group is demanding ransom.

The data-steal­ing cy­ber­at­tack ex­ploit­Ed a soft­ware bug that had al­ready com­pro-mised ma­jor busi­nesses in the U.K. and elsewhere is blamed. So far none of the information has shown up on the dark web or elsewhere.

🍗Tastes Like Chicken

For the first time, US regulators on Wednesday approved the sale of chicken made from animal cells, allowing two California companies to offer “lab-grown” meat to the nation’s restaurant tables and eventually, supermarket shelves.

The Agriculture Department gave the green light to Upside Foods and Good Meat, firms that had been racing to be the first in the US to sell meat that doesn’t come from slaughtered animals — what’s now being referred to as “cell-cultivated” or “cultured” meat as it emerges from the laboratory and arrives on dinner plates.

🏌️PGA Commissioner ILL-Crucial Time

PGA Tour commissioner Jay Monahan is “recuperating from a unspecified medical situation,” and won’t be leading the organization’s day-to-day operations, just a week after announcing the stunning merger agreement he brokered with Saudi-backed LIV Golf to call a truce in the battle that divided golf.  And as the U.S. Open gets underway.

The PGA Tour and LIV Golf, the Saudi-up­start that sent the in­dus­try into a tailspin, have agreed to a merger that ends the di­vide that has dom­i­nated the sport for the last year. 

The new company came together so quickly that it does not yet even have a name and is referred to in the agreement simply as “NewCo.” It would be controlled by the PGA Tour but significantly financed by the Saudi government’s Public Investment Fund. The fund’s governor, Yasir al-Rumayyan, will be the new company’s chairman.

Shocked *not* Saudi money we don’t care

📺 Licht’s Out

Chris Licht is out at CNN.

David Zaslav, CEO of CNN’s parent, Warner Bros. Discovery, informed staff he met with Licht and the CNN Chief was leaving, effective immediately.

“For a number of reasons things didn’t work out, and that’s unfortunate,” Zaslav said, “It’s really unfortunate, and ultimately that’s on me. And I take full responsibility for that.”

Licht's 13-month tenure has been disastrous: Ratings have declined to the point at which CNN now trails even Newsmax, in primetime.

An attempt to turn former CNN primetime anchor Don Lemon into a morning-show personality failed and a decision to provide a town-hall forum for Donald Trump, with a partisan crowd undermined Licht's credibility. 

Then to top it off there was his decision to give Atlantic writer Tim Alberta unprecedented access over a period of months, including to Licht’s gym workouts, which seems to have provided the fatal blow. 

It’ll be a long road back for anyone willing to take the reins. Zaslav may turn to an executive on CNN’s interim leadership team. They are Amy Entelis, executive vice president of talent and content development, Virginia Moseley, executive vice president of editorial, Eric Sherling, executive vice president of US programming and David Leavy, chief operating officer. 

📺Tucker’s Twitter Show

Fox News notified Tucker Carlson's lawyers that the former prime-time anchor violated his contract with the network when he launched his own Twitter show on Tuesday, according to a copy of a letter obtained by Axios.

A breach of contract claim sets Fox News up to explore potential legal action against Carlson. Carlson’s lawyers told Axios that any legal action by Fox would violate his First Amendment rights.

🏓PickleBall Coming To YOUR Mall

Pickleball is coming to your local mall, replacing shuttered Bed Bath & Beyond, Old Navy and Sears stores.

It’s an effort to fill vacant spaces and draw in customers to shop.

Consumers are craving fun, social experiences after years of limited gatherings during the pandemic, and they have shifted their spending from goods to experiences like theaters, arcades and amusement parks.

Malls are responding to these trends by turning to a wider range of tenants and activities to draw traffic, real estate investment firm JLL said in a report this week that malls are drawing on the huge PickleBall crowds and building courts.

It’s a trying time for all of us.

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🍀Americans Spend More On Weed Than On Beer & Chocolate Combined

U.S Legal sales of marijuana and marijuana products -- like edibles -- reached an estimated $30 billion in 2022, according to a report from MJBizDaily.

That total is more than Americans spent on chocolate and craft beer combined, -- $20 billion and $7.9 billion, respectively.

And get this — legal sales are still vastly outweighed by illicit ones – Whitney Economics estimates that legal transactions constituted just 25% of total cannabis market in 2021. 

💊Weight Loss Wonder Drug Worth Billions

What price beauty?

An Eli Lilly drug if approved for weight loss could become the best-selling drug of all time.

Experts are confident that the drug, called tirzepatide, will be granted approval by the Food and Drug Administration sometime this year.  If that’s the case, it would join two other popular — and expensive — recently approved weight loss drugs on the market, Wegovy and Saxenda, both from the drugmaker Novo Nordisk.

The drugs have been shown in clinical trials to be highly effective for weight loss. All three drugs — which are given as injections — work in a similar way: They’re a class of drugs called GLP-1 agonists, which mimic a hormone that helps reduce food intake and appetite.

Oh yea it would cost you $13,000 a year (and most insurances won’t pay)!

💻They Want Your Password

Warning-New Scams to steal your passwords.

If you've had a password hacked recently, you aren't alone. The volume of password attacks has soared to an estimated 921 attacks every second. That's a 74% rise in one year, according to the latest Microsoft Digital Defense Report.

Exiger's Robert Kolasky with more on Bloomberg & CBS:

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