ibt-mailJun 27, 2024, 9:50 AM

Biden, Trump Bring Contrasting World Views To Debate Stage

Newsletter Jun 27, 2024 Quick Six Biden, Trump bring contrasting world views to debate stage Ahead of their first presidential debate tonight, Joe Biden and Donald Trump are offering sharply different

Newsletter Jun 27, 2024

Quick Six

Biden, Trump bring contrasting world views to debate stage
Ahead of their first presidential debate tonight, Joe Biden and Donald Trump are offering sharply different visions of the US role in the world, both in style and substance. The rare matchup between a current and former president puts their stark contrasts on display. Trump during his 2017-2021 presidency vowed to put "America First," with a combative and often isolationist view of the world, while Biden took office in 2021 vowing "America is Back," rekindling relationships with allies. The two share some core beliefs, but they often criticize each other on the implementation.
WHAT'S AT STAKE FOR BOTH SIDES IN TONIGHT'S DEBATE

Tech industry braces for bipartisan American Privacy Act
The tech industry strongly opposes a bipartisan effort in Congress to push for the first major data privacy legislation in the US, ahead of today's House committee hearing. The act would set rules for national data privacy, allowing individuals to request access to data held by companies and even have their data deleted. The proposed legislation also provides an option to opt out of targeted advertising and establishes a national data broker registry.
BIG TECH IS WARY OF CONGRESSIONAL INTERVENTION

US new home sales performed below expectations in May
Sales of new homes in the US were weaker than traders expected last month, according to government data published Wednesday, as mortgage rates remained high. There were 619,00 new single-family home sales made in the 12 months to May on a seasonally adjusted basis -- 11.3% below April's revised figure of 698,000, and also less than market expectations of 650,000 sales.
WHAT'S CAUSING THE HOUSING MARKET TO STRUGGLE?

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Markets

DJIA	39,127.80	0.04%
S&P 500	5,477.90	0.16%
Nasdaq Composite	17,805.16	0.49%
Japan: Nikkei 225	39,667.07	1.26%
UK: FTSE 100	8,225.33	-0.27%
Crude Oil Futures	80.73	-0.21%
Gold Futures	2,309.10	-0.18%
Yen	160.70	-0.07%
Euro	1.07	0.00%
* As of market close

SCOTUS rejects social media contact curbs

The Supreme Court on Wednesday rejected a Republican-led bid to curb government contact with social media companies to moderate their content, a ruling that could bolster efforts to fight misinformation. The decision hands a win to President Joe Biden's administration ahead of the presidential vote in November, allowing it to continue notifying major platforms about what it deems as false or hateful content. The justices, voting 6-3, threw out the case on the grounds that the challengers -- including two states and social media users -- had not suffered a direct injury that provided a legal standing to sue.

HOW THE REGULATIONS COULD DECREASE MISINFORMATION

US criticizes India over religious freedoms

The United States offered rare criticism of close partner India in a report published Wednesday on religious freedom, while also voicing alarm over rising bigotry worldwide against both Jews and Muslims. Secretary of State Antony Blinken unveiled the annual report and said that the US was also facing its own sharp increase of both anti-Semitism and Islamophobia in connection to the Gaza war.

SEE HOW INDIA IS RESPONDING TO CRITICISM FROM THE US

Bolivian president slams attempted coup

Bolivian President Luis Arce on Wednesday slammed an attempted "coup d'etat" after soldiers and tanks deployed outside government buildings and tried to knock down a door of the presidential palace. One of the tanks tried to break down a door of the presidential palace, which was surrounded by soldiers and tanks. Army chief General Juan Jose Zuniga confirmed his group's uprising against the government.

HOW THE BOLIVIAN GOVERNMENT IS UNDER A MAJOR THREAT

Extra point

Bolivia is the only nation that produces copaiba, a plant that does what?

Wednesday's answer: Nine countries have legal recreational marijuana nationwide -- Canada, Malta, Mexico, Georgia, Germany, Luxembourg, South Africa, Thailand, Uruguay -- and parts of the US and Australia.

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