| Good morning, it is Friday, June 28, and we're covering Amazon's play to open a discount store to combat the rise of Temu & Shein, 5 Takeaways From Striking Biden-Trump Presidential Debate, the top performance cars for under $65,000 & much more!! First time reading? Sign up here. | | American Fact of the Day! | A rare fact about the American automobile industry is that the first car accident in the United States involving an automobile occurred in 1896 in New York City. This incident involved an electric taxi and a pedestrian, resulting in minor injuries. This early event marked the beginning of the era of automobile accidents and contributed to the eventual development of traffic laws and regulations as cars became more prevalent on American roads. |
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| | Breaking Updates | | Amazon Plans to Launch Discount Store in Bid to Fend Off Temu and Shein | Amazon is launching a new section on its platform dedicated to affordable fashion and lifestyle products directly from Chinese sellers to U.S. consumers. This move is aimed at countering competition from e-commerce giants like Temu and Shein, which have gained popularity in the U.S. with their competitive pricing. The new storefront will feature unbranded items priced under $20, such as facial massagers and phone cases, shipped directly from China to the U.S. in 9-11 days, bypassing Amazon's traditional warehousing model. | This initiative allows Amazon to streamline operations and reduce costs for Chinese sellers while providing flexibility in testing new products through small-batch production. It mirrors strategies used by competitors like Shein, enhancing Amazon's ability to offer diverse, budget-friendly selections. Amazon's efforts underline its commitment to expanding its marketplace and maintaining competitiveness in global e-commerce. | In response to the significant role of Chinese merchants on its platform, Amazon has also taken steps such as establishing an innovation center in Shenzhen and reducing fees for certain categories. These measures reflect Amazon's proactive approach to adapting to market dynamics and reinforcing its position in the competitive e-commerce landscape. | Read more updates here |
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| 5 Takeaways From Striking Biden-Trump Presidential Debate | In a pivotal debate between President Joe Biden and former President Donald Trump, Biden's performance appeared shaky and raised concerns about his capability to continue leading the nation. The event in Atlanta primarily scrutinized the candidates' fitness for office rather than introducing new policy directions. Biden, aged 81, struggled initially with a raspy voice and faltered through some answers, including a notable pause that underscored worries about his mental sharpness. Despite picking up momentum later in the debate, Biden's lackluster energy contrasted with Trump's more composed demeanor. | Trump, meanwhile, largely avoided his previous aggressive tactics, presenting himself in a more presidential light. He highlighted his achievements on the economy and immigration while occasionally veering into bombastic claims. Trump's campaign quickly declared victory, emphasizing his performance as historic and sharply criticizing Biden's handling of key issues. | The debate's format imposed stricter rules to maintain decorum, resulting in a cleaner discussion but less interaction between candidates and moderators. Policy discussions dominated, yet little new ground was covered, leaving voters with familiar positions from both contenders on critical issues such as healthcare, taxes, and foreign policy. | Overall, Biden's uncertain start and Trump's more restrained approach defined the night, prompting reflection on the candidates' respective strengths and weaknesses heading into the election. | Read more updates here | | | American Sports & Culture |  | NBA Draft 2024: Results, grades, picks for Round 1 as Zaccharie Risacher goes No. 1 overall to Atlanta | The second round of the NBA Draft will kick off on Thursday at 4 p.m. ET. |
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|  | 2024 Fantasy Football Draft Guide: Rankings, mock drafts and analysis | Your one-stop shop for our best content as you prep for draft season, including rankings, projections and analysis. |
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|  | 📈 EURO 2024 Power Rankings: Every team ranked after the Group Stage | The Group Stage of EURO 2024 is in the history books, and now we look ahead to the round of 16, which begins on Saturday.But first, it's time to update our Power Rankings.Disagree with our rankings?... |
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| American Business & Markets |  | Here are the best performance cars for $65,000 | The number of truly outstanding performance cars priced at or around $65,000 might surprise you |
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|  | Amazon reaches $2 trillion market cap for the first time | Shares of Amazon have surged roughly 26% so far this year, while the tech-heavy Nasdaq has risen about 18% over the same period. |
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|  | TSA airport screenings hit an all-time high | Consumers are taking to the sky amid persistent post-pandemic demand and lower fares. |
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| | American Politics |  | Supreme Court blocks Purdue Pharma opioid settlement, threatening billions of dollars for victims | In a loss for the Sackler family, the justices ruled that a bankruptcy judge did not have the authority to let its members evade facing future lawsuits. |
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|  | Mark Meadows goes to court to get his Trump White House records | CNN Politics | Former Donald Trump chief of staff-turned-co-defendant Mark Meadows has gone to court to gain access to records from his time in the White House, an effort to help contest the criminal charges against him in Georgia. |
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|  | For Florida's LGBTQ teens and teachers, the law is a moving target | NBC News followed LGBTQ teens and teachers for one year under the state's expanded parental rights law, which critics have dubbed the "Don't Say Gay" law. |
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