Good Morning! On this day in 1939, Pan Am launched the first scheduled transatlantic passenger flight with the Boeing 314 Clipper, known as the Dixie Clipper, from Port Washington, New York, to Marseilles, France, with 22 passengers aboard.
We had a spirited debate in the office about vacationing at the beach vs. a week in the mountains. Someone else chimed in that they enjoy camping in the wilderness. Let us know what type of vacation you prefer in today’s poll.
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Biden Falters in CNN Debate
President Biden struggled to communicate clearly in last night’s presidential debate, sparking criticism from both sides of the political aisle.
Biden’s voice was often quiet and raspy, and he stumbled over his words quite a few times—opening himself up to quips like this from former President Trump: “I really don’t know what he said at the end of that sentence; I don’t think he does either.”
The two candidates sparred over the economy, border policy, and abortion (and even golf), but the substance of the debate was overshadowed by Biden’s shaky performance. CNN’s John King reported a “deep, a wide, and a very aggressive panic in the Democratic Party” after the debate, and reports quickly circulated of key Democrats calling for Biden to drop out.
In betting markets, Biden’s odds of receiving the Democratic nomination plummeted 15 points, and California Governor Gavin Newsom’s odds rose considerably.
The final debate is scheduled for September 10th on ABC News.
The decision opens the door to lawsuits against the Sackler family, who own Purdue, but put billions of dollars in settlement money at risk.
The deal, negotiated between state and local governments and victims, was blocked by the court because it said the agreement unlawfully shielded the Sackler family from civil lawsuits related to the opioid epidemic.
The settlement called for the Sacklers to contribute up to $6 billion for opioid treatment and prevention in return for protection from lawsuits. The family said it would continue to pursue a negotiated settlement.
DOJ Arrests 200 for Healthcare Scams
The Justice Department charged nearly 200 doctors, nurses, and others on Thursday in a nationwide crackdown on $2.7 billion in healthcare scams.
In one Arizona case, $900 million in bogus claims were submitted to Medicare for wound grafts patients didn’t need. Some elderly patients died the day they received the grafts or within days.
The two-week operation also ensnared defendants accused of illegally distributing millions of pills of the stimulant Adderall, as well as other fraudulent schemes involving drug and alcohol abuse treatment that never happened.
Authorities seized over $230 million in cash, luxury cars, and other assets from those charged.
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➤ Less than 50% of Democrats say they’re happy to have President Biden as their nominee, according to a new Gallup poll. Nearly 80% of Republicans say they’re satisfied with President Trump as their candidate. (See Poll)
➤ The Supreme Court invalidated the in-house system used by the SEC to seek civil fraud penalties, saying defendants had a right to a jury trial. The 6-3 decision could limit other federal agencies and was hailed by conservatives. (See Details)
➤ The Oklahoma education department has ordered public schools to use the Bible and the Ten Commandments in classrooms for instructional support. (More)
➤ Alex Jones’ Infowars channel is set to be shut down as part of the liquidation of his assets after he was fined $1.5 billion for claiming the Sandy Hook school shooting was a hoax. (More)
Dear Flyover Reader,
Did you catch the presidential debate last night?
We don’t know what will happen between now and Election Day, but we do know one thing: the media spin factories are ramping up to full production.
I can only imagine how many articles, tweets, podcast episodes, and tv segments will be devoted to biased, activist journalism over the next few months. Are you as tired of all that as I am?
We started The Flyover because we believe that millions of Americans still want old-fashioned, fact-based reporting instead of the three-ring circus put on by most media outlets, and we plan to cover election season calmly and fairly—no clown show here. (Unless it’s in our Et Cetera section, where things do tend to get wacky.)
If you benefit from our coverage of the news, would you chip in a donation today? The Flyover is growing, but we’re still a small business that depends on the direct support of our readers.
Thanks for being a loyal reader. Whether or not you can give today, we appreciate you sticking with us and telling your friends about The Flyover.
-Cole, CEO
➤ The Los Angeles Lakers selected Bronny James, the oldest son of Lakers’ superstar LeBron James, in Thursday’s NBA draft. The two will be the first father-son duo to play together at the same time in the NBA. (See Photo)
➤ An unusual baseball rule forced the Oakland Athletics’ Kyle McCann to be called out at home plate because he came into contact with a teammate before touching home. (See Video)
➤ The NFL has canceled the 2024 supplemental draft for this year. No player has been selected in the supplemental draft since 2019. (More)
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Daily Market Report 06/27/2024
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
17,858.68
+0.30%
▲
SPX S&P 500
5,482.87
+0.09%
▲
DJI Dow Jones Industrial Average
39,164.06
+0.09%
▲
BTC Bitcoin
$61,382.89
+0.94%
▲
GOLD Per Ounce
$2,337.40
+1.66%
▼
WBA Walgreens Boots Alliance, Inc.
$12.19
-22.16%
➤ Big Stock Move:Walgreens stock dropped 22% after the company announced its plan to close a “significant” number of underperforming stores across the U.S. and cut its profit forecast. (More)
➤ Korean webcomic giant Webtoon Entertainment made a $2.67 billion market debut on Nasdaq, with shares priced at $21. The company, owned by South Korean tech giant Naver, has 170 million monthly active users globally and raised $315 million in its IPO. (More)
➤ Patagonia has told 90 remote customer service employees to move to one of seven metropolitan areas to keep their jobs. Workers who refuse will get severance. (More)
➤ Amazon has become the fifth U.S. company to surpass $2 trillion in market value. The company’s stock has risen nearly 30% year to date. (See Details)
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Election season is here, and with it an avalanche of biased news.
The Flyover exists to be a resource for folks who are sick of the typical media landscape and just want the truth. That’s exactly what we plan to keep giving you.
If you enjoy our newsletter, would you chip in a donation today? We would sure appreciate it.
➤ Elon Musk’s SpaceX won an $843M NASA contract to de-orbit the International Space Station at the end of its operational life after 2030. (See Details)
➤ In the meantime, a defunct Russian satellite broke up into more than 100 pieces, forcing astronauts at the International Space Station to take shelter for about an hour and adding to the mass of space junk already in orbit. (More)
➤ Japanese scientists have found a way to attach self-healing living skin to robot faces. The artificial skin is made in the lab using living cells and can repair itself if torn. (See Photos)
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➤ A Missouri grandfather got a big surprise when his grandson drove up in his formerly undriveable 1954 International pickup truck. The grandson secretly restored the beat-up truck to give to his tearful grandpa. (See Video)
➤ A man trekked 2,600 miles from Seattle to Gulfport, Miss., to rescue his family dog after his father, the dog’s owner, passed away. The dog had gone to the Humane Society, which happily posted news of the dog’s reunion with family. (See Photo)
➤ A 5-year-old who missed his kindergarten graduation was given a mid-flight ceremony by Frontier Airlines passengers, who cheered him on and offered high fives as he walked down the airplane aisle. (See Video)
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➤ The Italian region of Tuscany is offering an incentive of up to $32,000 for people to move to a rural town with fewer than 5,000 residents, renovate a house, and make it their primary residence. (See Details)
➤ A video shows spectacular shelf clouds looming over Lake Michigan earlier this week. (Watch Video)
➤ A surveillance video captured the moment when a sinkhole swallowed bleachers, a light pole, and 100 feet of soccer fields at Gordon Moore Park in Alton, Illinois, on Wednesday. (Watch Video)
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“They have made a mockery of the justice system and then they tried to make a mockery of the bankruptcy system.”
— Ed Bisch, whose son died from an OxyContin overdose, on Thursday’s Supreme Court decision opening the door to civil suits against the Sackler family.
Biden Falters in CNN Debate
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