Good morning. We all learn in different ways. Jamie turns everything into a Venn diagram, while Matty needs to be thrown a little piece of cheese immediately after learning a new skill or she'll forget everything. But what we really want to know is: How do you learn? Take our four-minute survey here and you'll be entered to win a $500 AmEx gift card. Thanks! —Matty Merritt, Jamie Wilde, Neal Freyman | | | |  | Nasdaq | 11,361.85 | | | | | S&P | 3,845.08 | | | | | Dow | 31,037.68 | | | | | 10-Year | 2.935% | | | | | Bitcoin | $20,342.69 | | | | | Rivian | $29.66 | | | | *Stock data as of market close, cryptocurrency data as of 9:00pm ET. Here's what these numbers mean. | - Markets: The S&P 500 rose for the third-straight trading day as minutes from the Fed meeting showed the central bank is prepared for another meaty rate hike to combat inflation later this month. Rivian got a lift after revealing that its factory actually made a decent amount of electric vehicles in Q2—in fact, 72% more than in Q1. Shares are still down nearly 70% since its mammoth IPO last year.
| | | | Morsa Images/Getty Images As 26 states move to restrict abortions following the scrapping of Roe v. Wade, fertility industry professionals are also scrambling to make sense of what these laws mean for them. States limiting abortion access are also developing their own interpretation of when life begins, and many lawmakers point to fertilization. Fertility doctors are worried new laws could make IVF treatments more expensive, more complicated, and legally uncertain for providers. What is IVF? In vitro fertilization is the process of removing eggs from the ovaries, fertilizing them outside of the body, and then transferring the healthiest ones back into the uterus. The procedure is used by hundreds of thousands of patients each year including single people, surrogates, same-sex couples, and heterosexual couples experiencing infertility or medical complications. - Over 2% of US births in 2019 were the result of IVF, according to the CDC.
- It's also an expensive procedure, costing anywhere from $12,000–$17,000 for one cycle, according to the NYT. And some studies show that it can take three-to-six cycles for a pregnancy to stick.
So what happens post-Roe? IVF didn't exist before Roe, so providers and legal experts aren't totally sure. Focus is on the leftover embryos. Doctors usually fertilize multiple eggs, but only transfer a few back to the uterus per round of IVF. Patients can choose to freeze the rest for the future, donate them, or discard them. It's difficult to know just how many frozen embryos are currently stored by clinics in the US, but a RAND Corporation study from 20 years ago estimated that it was at least 400,000 at the time. Some providers worry that vague wording in abortion laws or laws that define life as beginning at fertilization would apply to frozen embryos. In the last year, 10 states have proposed bills that would give frozen embryos "personhood" status. None have passed, but experts expect to see more of these kinds of bills, and eventually laws, crop up. Big picture: Some fertility doctors had already moved frozen embryos out of anti-abortion states in preparation for the SCOTUS decision and subsequent state abortion restrictions.—MM | | Wpa Pool/Getty Images  Boris Johnson just won't quit. The UK prime minister said he's not going anywhere despite a mini rebellion taking place in his administration: At least 32 British lawmakers resigned in less than 24 hours in protest of his government, including two senior cabinet ministers who jumped ship on Tuesday. A chorus of other lawmakers, including those in Johnson's Conservative Party, has urged him to step aside, but instead of backing down Johnson went ahead and sacked prominent cabinet member Michael Gove.
 Millions raised for toddler orphaned in Highland Park shooting. A GoFundMe page set up for Aiden McCarthy, the two year old whose parents, Irina and David, were killed in the July Fourth parade shooting on Monday, has brought in more than $2.7 million as of yesterday evening. Aiden's grandfather, Michael Levberg, told the Chicago Sun-Times that David saved Aiden's life by shielding his son from the bullets. Aiden will be taken care of by his family, according to the GoFundMe page.
 Companies are still desperate for workers. New data released yesterday showed 11.3 million open positions in the US in May, a sharp drop from April but still very high by historical standards—there are now 1.9 job openings for every available worker. And despite some high-profile job cuts, layoffs remain below pre-pandemic levels. Overall, these numbers paint a picture of a healthy labor market, but we'll know more when the June jobs report drops tomorrow.
| | | Leave the shedding to your four-legged friends, because there's a new innovation in town. Meet Revela, the only nonprescription brand that develops new products to help you fight hair loss. The Hair Revival Series from Revela features their proprietary ingredient ProCelinyl™: the world's first and only molecule that directly targets hair-follicle health so you can tackle hair loss at the root. Plus, Revela is committed to *results*. That's why they offer a full refund on your entire purchase history if their products don't work for you. Get on that hair-growth mindset and learn more here. | | Ed Jones/AFP via Getty Images New York and New Jersey may disagree about which state has the better bagels (it's NJ), but they both admit that clogged rail connections between the two states could use a transformational upgrade. On Tuesday, the Democratic governors of both states agreed to split the cost on the first phase of the $14.2 billion Gateway megaproject, a long-stalled infrastructure initiative that would build a new train tunnel under the Hudson River. The agreement means that Step 1 of the project, the replacement of a 112-year-old bridge, could proceed this year. Advocates of Gateway say creating smoother travel connections between NJ and NY isn't just beneficial to the region—it's also key for ensuring the stability of the national economy. - Every day, more than 200,000 riders traverse the 10-mile stretch of commuter railway between the two states, making it the busiest stretch of rail in North America.
- But due to frequent delays, that stretch has become a chokepoint along the Northeast Corridor, a passenger rail line serving a region that contributes 20% of US GDP.
Zoom out: For many years, both NY and NJ have treated the Gateway project like the Jets—neither wanted to claim responsibility. Now that both governors are on board and there's a sympathetic administration in the White House, this project could finally, maybe, become a reality.—NF | | Bad Teacher/Sony Pictures Entertainment As of Monday, a new pill called Myrkl is being sold in the UK, and its manufacturer claims it's the "first product in history to break down alcohol effectively." (They've obviously never had a 3am Artichoke slice.) Here's how it works: You take two Myrkl pills before drinking alcohol like popping a Beano before eating Taco Bell. After this pre-pregame, Myrkl allegedly breaks down 50% of the alcohol you consume in the first half-hour of your drinking sesh, and 70% after an hour. So it prevents hangovers by preventing intoxication in the first place—great for moderate drinkers and anyone who wants an unfair advantage in beer die. The secret ingredients: Probiotics Bacillus coagulans and Bacillus subtilis and amino acid L-Cysteine break down alcohol into water and CO2 before it reaches your liver. Myrkl also contains vitamin B12, which Myrkl's manufacturer says helps drinkers to "wake up feeling their best." But the manufacturer's claims are on scientifically shaky ground. All of the above ingredients are available for sale separately, and their merits as hangover cures have been hotly debated for years. Plus, Myrkl likely won't prevent any tummy troubles since it doesn't break down alcohol until after it sloshes through your stomach.—JW | | Francis Scialabba Stat: The Pokémon Company printed 9 billion cards in the year ending this March, more than doubling 2020's production total. 30% of all Pokémon cards have been printed in the past two years as the brand attempts to meet Magmar-hot demand from buyers and to calm down collectors who've been selling rare cards for millions of dollars apiece. Pokémon expert Charlie Hurlocker (sick title) told Polygon that the flood of supply is helping knock pack prices on the secondary market down to more reasonable levels. Quote: "I don't want to help him." Joe Rogan told podcaster Lex Fridman that he turned down multiple requests by former President Trump to appear on his own podcast, The Joe Rogan Experience. Rogan called Trump an "existential threat to democracy" and said he would support Florida Gov. Ron DeSantis, a Republican, if he were to run in the 2024 presidential election. Rogan endorsed Sen. Bernie Sanders for president in 2020. Read: Nathan Fielder opens up about his new show, The Rehearsal. (Vulture) | | Motivational speech: The Duke women's basketball coach will have you running through a brick wall this morning. Absurd trolley problems: Respond to a series of grim ethical dilemmas. Foosball tables and free snacks are recruiting tactics of the past. HR Brew and Lorraine Stomski, SVP of associate learning and leadership at Walmart, will discuss the new rules of talent attraction and retention at a virtual event at noon ET on 7/14 sponsored by 15Five. Sign up here. Sweat it out: Find your own coach from Future to help you reach your fitness goals and stay accountable, wherever and whenever you want. Get 50% off your first 3 months here.* Just like ⌘C, ⌘V: With CopyTrader,™ eToro's most popular feature, you can automatically copy the moves of real investors in real time. No more second-guessing your crypto decisions. Get started today.* *This is sponsored advertising content. | | - Elon Musk quietly had twins last year with Shivon Zilis, a top executive at his company Neuralink, Insider reported. Musk, who has repeatedly warned of "population collapse," now has nine known children.
- Juul products are being sold again after the FDA suspended—but didn't totally rescind—its ban.
- Leaders of the FBI and MI5 made their first-ever joint appearance to warn of the "immense" threat that China poses to economic and national security.
- Taco Bell ran out of its menu items featuring a massive Cheez-It less than a week after they began a test run.
- Chevy held an auction (twice) for its first NFT, and it drew exactly 0 bids.
| | Brew Mini: Travel from space to the Caribbean and all the way to the Capitol in today's Mini crossword. Play it here. Three headlines and a lie Three of these headlines are real and one is faker than a diet recommendation from a TikToker. Can you guess the odd one out? - Worker who was accidentally paid 330 times his salary offers resignation and vanishes without a trace, report says
- Colorado funeral home operator guilty of selling body parts
- Slim beverage cans gain ground against their squatter cousins
- Astronauts on ISS won't get access to the new Minions movie because of a heated copyright battle between Universal and NASA
If you love Three Headlines and a Lie, play along on The Refresh from Insider and dive deeper into these weird headlines. | | Imagine this: Excel shortcuts, right at your fingertips. With the help of Excel Dictionary's Mouse Pad, now you don't have to. Shop the Shortcut Guide Mouse Pad today. Don't miss out on more from the Brew:  This week on The Money with Katie Show: Why side hustles aren't all they're cracked up to be. Listen or watch here.
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| | | We made up the Minions movie headline. | | | ✤ A Note From eToro Securities trading through eToro USA Securities, Inc. Member of FINRA and SIPC. Crypto Trading through eToro USA LLC, not FDIC insured. | | | Written by Neal Freyman, Jamie Wilde, and Matty Merritt Was this email forwarded to you? Sign up here. WANT MORE BREW? Industry news, with a sense of humor → - CFO Brew: your go-to source for global finance insights
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