Plane crash close-calls, listeria milkshakes, and piranha scissors.

Happy Wednesday! Today’s edition is 1,165 words, a 4 minute read.

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Business & Economy

Daily stock market update

US stock markets closed mixed on Tuesday (S&P -0.28%, Nasdaq +0.06%, Dow -0.51%) ~ Investors expect a continuing pullback in the market driven by climbing bond yields and a decrease in consumer spending. (More)

SoftBank’s Arm unveils plans for biggest US IPO in nearly 2 years

SoftBank-owned chip designer Arm plans to go public later this month in what will be the biggest US initial public offering in almost two years. The company is currently valued at $64 billion. Arm’s chips are in nearly every smartphone, giving it a market share of more than 99%. And it is estimated that 70% of the world’s population uses Arm-based products. (More)

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Dick’s Sporting Goods stock fell more than 20% on Tuesday after the company reported theft has cut into its profits. The company said the impact from retail crime came in significantly higher than they planned for in Q2. Organized retail crime has affected the sector for more than a year with Target, Home Depot, and Walmart all saying theft has cut into their earnings. (More)

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US News, Politics, & Government

Planes are constantly almost hitting each other

The New York Times did a deep dive into plane collision close-calls and found that they are happening several times a week in the US. There have been 46 close-calls involving commercial airlines in the last month alone. These incidents are detailed in preliminary FAA safety reports, but aren’t publicly disclosed. They also happened mainly near or at airports due to human error. A big factor has been mistakes by air traffic controllers, who are overworked and understaffed. (More)

Students can get admitted to college without ever applying

Students are getting accepted to a growing number of colleges without anyone reviewing their applications. Schools and companies are starting to provide direct admission to make it easier for people to access higher education. In many of the programs, schools set GPA or test score thresholds and then companies use test score data already in their systems to pair students with partner universities whose standards they meet. At least nine states already offer direct admission to graduating high school seniors. (More)

Eight candidates qualify for the first Republican presidential debate

Eight candidates qualified for tonight’s GOP presidential debate in Milwaukee. Trump met the party’s polling and fundraising requirements but won’t be debating. Those participating include, Doug Burgum, Chris Christie, Ron DeSantis, Nikki Haley, Asa Hutchinson, Mike Pence, Vivek Ramaswamy, and Tim Scott. The debate will start at 9 p.m. ET. (More)

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World

All 8 people rescued from stranded cable car in Pakistan after 14 hour ordeal

All eight people have been rescued from a chairlift hanging 900 feet in the air in Pakistan for at least 14 hours. The passengers were traveling to school on Tuesday when one of the cables snapped. The rescue included helicopters and the use of zip lines but was repeatedly delayed due to strong winds. Two children and two adults were trapped in the disabled car overnight without food or water because the helicopter was grounded when it became dark. (More)

Ukrainian drone destroys Russian supersonic bomber

A Ukrainian drone strike has destroyed a Russian long-range bomber. The Tu-22M plane can travel at twice the speed of sound and has been used to repeatedly attack Ukraine. Destroying a single aircraft won’t affected the strength of Moscow’s 60-strong fleet, but the attack highlights Kyiv’s growing ability to strike targets deep in Russian territory. (More)

Canada wildfires: Trudeau criticizes Facebook over news ban amid crisis

Canadian Prime Minister Justin Trudeau has accused Facebook of putting “profits ahead of people’s safety” after it blocked news amid wildfires in the country. Facebook banned news on its platform after it refused to follow a Canadian law forcing it to share profits with news outlets. Wildfire victims have said the ban affected their ability to share important news with each other. In response, Facebook activated a “Safety Check” feature on its platform that allows users to mark themselves safe and access reputable information, including content from government agencies. (More)

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Sports & Entertainment

Sha'Carri Richardson makes history, wins World Athletics 100 meter gold

Sha’Carri Richardson won the 100-meter gold in her debut at the World Athletics Championships in Budapest. Her 10.65-second run set a world championship record and puts her in a tie for the fifth-fastest woman over 100 meters in history. She is also the first American 100-meter world champion in six years. (More)

Baker Mayfield named Tampa Bay Buccaneers starting quarterback

Baker Mayfield will start at quarterback for the Bucs to begin the 2023 season, replacing the retired Tom Brady. Mayfield beat out Kyle Trask for the job based on his experience and his deeper understanding of the new offensive playbook. One preseason game remains before the start of the NFL season. (More)

White Sox fire vice president Ken Williams, GM Rick Hahn

The Chicago White Sox fired VP Ken Williams and GM Rick Hahn on Tuesday. White Sox ownership made the changes because of the team’s poor performance this year. Their record stands at 49-76 - 16 games behind the first-place Minnesota Twins. (More)

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Science, Health, & Tech

World first: US approves RSV vaccine to protect babies in womb

The US is the first country to approve a vaccine for women that protects their babies from Respiratory Syncytial Virus (RSV). The shot is given from 32 through 36 weeks of pregnancy and protects infants from birth through six months. RSV mostly causes mild cold-like symptoms in infants, but it can also develop into more serious sicknesses like pneumonia and bronchiolitis. The disease is the leading cause of hospitalizations among babies. (More)

3 dead after drinking milkshakes tied to a listeria outbreak in Washington state

Three people have died and six more were hospitalized after drinking milkshakes that contained listeria at Frugals restaurant in Tacoma, Washington. Investigators found the bacteria in the ice cream machines, which were not cleaned correctly. The Washington State Department of Health said that even though Frugals stopped using its ice cream machines on Aug. 8, listeria can affect people for up to 70 days. (More)

Netflix is launching a new series of story games, starting with Love is Blind

Netflix is launching a series of mobile games based on popular Netflix reality shows starting with Netflix Stories: Love is Blind. In the games, players can step into the world of their favorite show and interact with its characters. It launches on Sept. 19th. The company says more of these games are in the works. (More)

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Bonus Material

Watch: Lost your pair of scissor? Use a piranha.

All of the 8,291 license plates you can get in America.

Just 50 people live on the world’s most remote island. 

Why we buy things we don’t need - and how to stop.