Tomorrow is National Lighthouse Day. One of the most recognizable lighthouses in the U.S. at Cape Hatteras is undergoing a painstaking restoration.
Photo courtesy of the Library of Congress.
On the Lighter Side
Summer is only half over. There is still plenty of time to try some of the best store-bought ice cream sandwiches (although we question how a non-dairy product can be included on this list) or enjoy one of Philadelphia’s great milkshakes.
A new spot for sweet treats, Chip City Cookies, has opened on Rittenhouse Square.
If you were in Japan, you would be able to buy a square watermelon.
Rethinking a Deal?
After purchasing the cookie company in 2018, Krispy Kreme has sold its’ majority interest in Insomnia Cookies, retaining only a 34% stake in the company. Minority interests can be tricky. Did they just buy themselves a problem? In other M&A news, Google’s efforts to acquire cybersecurity company Wiz fell apart. Wiz has decided to pursue an IPO instead.
Whether you are considering acquiring or disposing of a company or a partial interest, the professionals at Asterion can assist you with the financial analysis to guide your decision-making process.
FYI
A preliminary report estimates that losses due to the flawed Crowdstrike update top $5 billion. Insurance will likely cover only a fraction of those amounts. A shareholders’ suit has been filed, and Delta may not be far behind.
The first part of the U.S. Copyright office report on artificial intelligence, on the topic of digital replicas, was issued on July 31, 2024.
Trends We’re Watching
A new web engine, webXray, will allow you to track who is tracking you.
The Consumer Product Safety Commission has determined that Amazon is liable for hazardous products sold by third-party vendors.
What’s Puzzling Us
Philadelphia comes in at #7 among U.S. cities making the most income from parking tickets. We were sure the city’s ranking would be higher.
What Doesn’t Surprise Us At All
U.S. Treasury Secretary Janet Yellen ordered her Jim’s Steaks sandwich served “whiz, wit” last week.
Thread Recommendations
Moravian structures in Bethlehem, PA have been added to UNESCO’s World Heritage List. In Ohio, a Native American earthworks site that was nominated for inclusion on the World Heritage List in 2018, has finally reached an agreement with a golf course to take control of the land.
The Perseids will peak on August 11-12.
NASA released 25 never seen photographs taken by the Chandra-X to celebrate the observatory’s 25th anniversary.
There will be a seasonal blue moon on August 19-20.
Stunning tiger photographs.
Watch List
A recent hydrothermal explosion in Yellowstone was captured on video. This area of the park may be closed for the remainder of the year.
Spotlight on Mergers and Acquisitions