In Other Brews…

  • Car dealerships across North America have been stuck in park for days due to a ransomware attack on CDK Global, a company whose software processes car sales for over 15,000 dealerships. CDK reportedly paid “an extortion fee in the tens of millions of dollars” to regain control of its systems, which could take “days” to fully come back online.

  • Europe is threatening to take a (big) bite out of Apple. On Monday, E.U. regulators charged the tech giant with violating its new digital competition law, saying Apple’s App Store makes it needlessly difficult to make purchases through other (cheaper) methods. Apple says it’s “confident” it’s in compliance but faces a penalty of $38B (a lot, even for Apple).

  • Monday, two federal judges temporarily blocked the Biden administration from forgiving more student loans, siding with red states who sued the admin for exceeding executive authority. Starting in July, the Education Department had planned to cancel up to $20K in debt for 43 million borrowers under Biden’s repayment plan known as SAVE (already used to cancel $5.5B in debt). 

  • The Israeli Supreme Court unanimously ended draft exemptions for ultra-Orthodox Jews who are in seminary since the law governing the exemption expired last year. An estimated 63,000 Haredi men will now be eligible for military service while PM Netanyahu tries to get conservative and secular lawmakers to agree on a new conscription law.

  • Houston… Boeing has a(nother) problem. Two NASA astronauts are stuck in space after the Boeing Starliner that took them to the International Space Station suffered a series of issues, including helium leaks and five thrusters that abruptly stopped working mid-flight. The return flight from their supposed-to-be nine-day space stint is now scheduled for “TBD” within a 45-day window.

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