In Other Brews…
Houston, we have a… cave? An Italian-led team of scientists has confirmed evidence of at least 200 lunar caves including one found just 250 miles from Apollo 11's landing site. Scientists estimate some moon caves are at least 130 feet wide, 30 feet long, and could be used to shelter future astronaut/cavemen.
Crowd control issues at the Copa America final in Miami on Sunday led to the ejection of 55 people and the arrest of nearly 30, including Colombia’s soccer federation president and his son. The match was delayed an hour as authorities juggled the chaos. Reigning World Cup champs, Argentina ultimately defeated Colombia 1-0, with a goal in the 112th minute.
A rate cut is (almost definitely) coming. This week, Federal Reserve Chair Jerome Powell said the central bank will not wait until inflation hits 2% to begin cutting rates due to the “long and variable lags” for policy to take effect. After that statement, traders are predicting a 100% chance of a rate cut in September.
The House of Mouse has been breached. An activist hacking group claims to have released 1.2 terabytes of Disney’s internal messaging, exposing computer code and unreleased project details. The group says its 'hacktivism' is to protect artists' rights and compensation for their work. Mickey hasn’t officially verified the released data but "is investigating this matter."
Senator Bob Menendez (D-NJ) was found guilty of acting as a foreign agent yesterday. Federal prosecutors outlined evidence of the senator accepting hundreds of thousands of dollars in bribes—cash, cars, gold bars—in exchange for throwing his political weight around. Menendez faces decades in prison, and Senate Majority Leader Schumer called for his immediate resignation. Menendez has promised to appeal the verdict.