WEDNESday, JUNE 28, 2023

Good morning! Today marks a rare double anniversary that frames all of World War I. On June 28, 1914, Archduke Franz Ferdinand was assassinated, lighting the spark that led to war. Five years later, on June 28, 1919, the Treaty of Versailles was signed, signaling the war’s formal end.

In today’s Flyover, we’re discussing the tragic murder-suicide of racing driver Jimmie Johnson’s in-laws, the lowest favorability ratings ever for a vice-president, and the winner of the World’s Ugliest Dog contest.

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State Legislatures Lose Election Authority

The U.S. Supreme Court ruled Tuesday that state legislatures don’t have the authority to set election rules without oversight from state courts.

The decision undercut an argument by some states— this case involved North Carolina — that legislatures are the final authority on issues of gerrymandering and the voting process. Instead, courts will still have the final say.

The 6-3 decision was written by Chief Justice John Roberts, joined by the three liberal justices and two conservatives, Brett Kavanaugh and Amy Coney Barrett.

NASCAR Star’s Family Hit by Murder-Suicide

NASCAR driver Jimmie Johnson’s in-laws and their grandson were found dead Monday night in an apparent murder-suicide at their home in Muskogee, Oklahoma.

Police believe Johnson’s mother-in-law killed her husband and her 11-year-old grandson before killing herself.

Johnson, a seven-time winner of the NASCAR Cup, has withdrawn from Sunday’s Cup Series street race in Chicago, NASCAR’s first foray into street course racing.

Slumping Bud Light Offers Free Beer for July 4

Bud Light sales were down 28.5 percent as of June 17. It’s the steepest decline recorded during the current backlash, and it’s a sign that customers are still angry about the promotion with a trans influencer.

In response, Anheuser-Busch is offering $15 rebates on a 15-pack of Bud beer. In places where a 15-pack sells for $15 or less, that could mean free beer for July 4.

The company has tripled promotion spending for the summer to win back drinkers, and this week it released a new ad (Watch Here) featuring old-fashioned summer fun. What they haven’t done, critics say, is apologize.

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➤ Vice President Kamala Harris earned the lowest favorability ratings ever for a VP in the latest NBC News poll. Nearly half of registered voters have a negative view, compared to 32 percent favorable, the biggest negative gap for a VP in history. (More)

➤ Misconduct by prison guards was responsible for the death of sex criminal Jeffery Epstein, says a report by the government’s Inspector General’s office. The report says Epstein was able to hang himself because of a variety of missteps by prison officials. (More)

➤ More than $200 billion may have been stolen from Covid-19 relief funds, a new government report says. The report says fraudsters siphoned the money from the Paycheck Protection Plan and the Disaster Loan program. (More)

➤ A new Reuters report claims that many of America’s top leaders are descended from slaveholders, including Barack Obama and four other living presidents, along with two Supreme Court justices, 11 governors, and 100 members of Congress. (More)

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➤ The framework of the merger between the PGA Tour and LIV Golf calls for the PGA to have a permanent controlling interest in the new company’s board. The details emerged Monday, just two weeks before a scheduled Senate hearing into the merger. (More)

➤ Tickets for the NFL’s first game ever played in Germany sold out in 15 minutes. The game, set between the Dolphins and the Chiefs in week nine of the coming season, will be played in Frankfurt. (More)

➤ LSU won the Men’s College World Series with an 18-4 victory over the University of Florida. The day before, Florida set a record for most runs ever in the MCWS, beating LSU 24-4— but the Tigers went home with the trophy. (More)

Market Report 6/27/23

▲	Nasdaq Natl. Assoc. of Securities Dealers Automated Quotations	13,555.67	+1.65%
▲	SPX S&P 500	4,378.41	+1.15%
▲	DJI Dow Jones Industrial Average	33,926.47	+0.62%
▼	BTC Bitcoin	30,475.0	–0.77%
▲	ENVX Enovix Corp	3.31	+25.23%

➤ Big Stock Move: Enovix shares jumped 25% Tuesday on news that the electrical components company won a large contract to produce battery cells for the U.S. Army. (More)

➤ Consumer confidence grew in June to the highest level in 18 months, but fears of a recession remain, according to the Conference Board. The positive sentiment was due to slowing inflation and a tight job market. (More)

➤ The new “Inform Act” takes effect today, requiring online marketplaces like Amazon and eBay to disclose the identity of third-party sellers. Retail trade groups lobbied for the law, claiming shoplifters were re-selling stolen merchandise online as third-party merchants. (More)

➤ NASA has locked four scientists and engineers into a sealed container for 378 days to prepare for human exploration of Mars. The test is the first of three Mars surface simulations planned by the space agency. (More)

➤ Scientists built a Transformer-style robotic machine with the ability to fly, tumble, roll, crawl, and crouch. The Multi-Modal Mobility Morphobot can also grasp and manipulate objects. (See Video Here)

➤ Bottlenose dolphins have their own version of “baby talk” for their calves, researchers say. Studies indicate that dolphins modify their distinctive signature whistles into a higher register when their calves are nearby. (More)

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➤ Ryan Seacrest has been named the new host of “Wheel of Fortune” to replace Pat Sajak when he retires after this season. Sajak will still be involved as a consultant, and co-host Vanna White will remain in her current role. (More)

➤ Taylor Swift’s “Eras” concert tour is set to become the first billion-dollar tour in history. Elton John held the record previously, earning $887 million on his five-year “Goodbye Yellow Brick Road” tour. (More)

➤ Scooter, a 7-year-old Chinese Crested rescue dog, won first place in the “World’s Ugliest Dog” contest. The contest is nearly 50 years old and celebrates “the imperfections that make all dogs unique and special.” (See Photos Here)