This is a condensed version of Business Insider Today, a newsletter that gives you a look at the week’s top stories. Read today’s full edition on Business Insider. Want the newsletter direct to your inbox every day? Sign up here.
Good morning. Happy 249th birthday, America — not that we're counting! — with warm regards from London.
As the BI Today team is off for the holiday, I'm bringing you an abbreviated version of the newsletter.
In today's big story, why Fourth of July celebrations may be more muted than you're expecting — and why the situation next year could be even worse.
Also, don't forget to subscribe to BI's Defense Flash, your new weekly guide to the latest in warfare innovation, defense tech, and more. Subscribe!
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Top headlines:
- Anduril CEO Palmer Luckey's new digital banking startup set to be valued at $2 billion, sources say.
- Diddy could get a 20-year prison sentence but the reality probably won't be anything close to that.
- The NCAA settlement is a big win for football players. For other athletes, the picture is murkier.
- This company is requiring employees take PTO this summer — and is offering some a $1,000 vacation stipend.
- 'I don't trust it, I don't like it': Lawmakers sound off on why they don't use AI.
- Robinhood is known for its meme-stock and crypto traders. Its CEO says users are embracing passive investing too.
- The CEO of a key SpaceX rival says customers are drawn to his company because it's 'even-keeled'.
- 'Good news is good news': A mindset shift by investors has driven a new stock-market record.
- 'Love Island USA' star Elan's brother is running his Instagram. He told us he's 'not doing this for the clout.'
Curated by Dan DeFrancesco (on parental leave), Hallam Bullock, Lisa Ryan, Akin Oyedele, Ella Hopkins, Grace Lett, and Amanda Yen.
This is a shorter version of our flagship newsletter, which brings you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.
Sign up here to get the full Business Insider Today in your inbox every day.
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