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Fyre Fest 2.0 sells out.. somehow

In the latest installment of “have we learned nothing,” founder and convicted fraudster Billy McFarland has revealed that the initial batch of tickets for Fyre Fest 2.0 has completely sold out, despite not having disclosed key event details such as the lineup, location, and date.

The much-anticipated ticket sales for the “First 100” tier commenced this Sunday, priced at $499 per ticket. In an exclusive interview with TMZ, McFarland excitedly shared, “They sold out very very quickly.”

Although precise specifics remain scarce, McFarland had previously hinted that Fyre Fest 2.0 is scheduled for a Caribbean setting towards the close of 2024.

You can read more on the matter here.

What’s going on?

• Trudeau’s Retreat To Discuss Housing Crisis Still Ended With No Solutions For Housing Crisis (theDeepDive)

• Russia Begins To Seize Oligarch Assets (theDeepDive)

• Trudeau’s Retreat To Discuss Housing Crisis Still Ended With No Solutions For Housing Crisis (theDeepDive)

• Prigozhin: Investigators trawl site of plane crash believed to have killed Wagner boss (Reuters)

• US Urges Immediate Departure for Americans in Belarus Amid Escalating Tensions (theDeepDive)

• Fukushima wastewater released into the ocean, China bans all Japanese seafood (Reuters)

• Greenwashing? Cargill Tests Wind-Powered Cargo Vessel (theDeepDive)

• Men Are Still Suing Bumble for ‘Discrimination’ (theDeepDive)

• MH370 Plane Mystery May Be Solved With Help of Barnacles (Bloomberg)

• Mask Mandates Return as Rate of Hospitalization Increases in the US (theDeepDive)

What’s the latest?

• Wagner Chief Believed Dead: A jet believed to carry Russian mercenary leader Yevgeny Prigozhin crashed, two months after his mutiny against the army leadership. No survivors were reported. An investigation has been launched, but no official confirmation of Prigozhin's death. Prigozhin's demise could majorly impact Wagner's operations, raising uncertainties in Africa and beyond.

• BRICS Expansion: The BRICS nations are set to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates into the bloc to bolster its global influence. This move seeks to address grievances from countries feeling marginalized by the existing world order. The new members will officially join on January 1, 2024, marking a significant step toward reshaping global cooperation.

• Fukushima Water Release: Japan has begun releasing treated radioactive water from the damaged Fukushima nuclear power plant into the Pacific Ocean, triggering a blanket ban on all aquatic products from Japan by China. The move by Japan, approved by the UN nuclear watchdog, aims to aid in decommissioning the plant.

• RBC Cuts Jobs: Canada's Royal Bank (RBC) has revealed plans to cut up to 2% more of its workforce this quarter after trimming about 1% since May. RBC's Q2 results showed profits increased to $3.9 billion, with most divisions showing growth. CEO Dave McKay previously noted over-hiring and stated the bank had "overshot by thousands of people." The bank had 93,753 full-time equivalent staff at the end of the quarter, down 645 from April.

• Subway Gets Sold: Roark Capital has purchased Subway, concluding the sandwich chain's more than five decades of family ownership. The deal, which comes after a sale process that began in February, was reportedly valued at about $9.6 billion. Roark Capital, which owns numerous restaurant chains including Dunkin' and Arby's, plans to maintain Subway as a separate entity within its portfolio.

Rising junior markets?

The stock market and stuff

• TD Bank Sees 8% Decline In Q3 2023 Net Income (theDeepDive)

• Nvidia Beats Q2 2024 Estimates As Firm Rallies On AI Boom (theDeepDive)

• Former OpenSea Head Found Guilty of NFT Insider Trading (theDeepDive)

In the juniors

• Galapagos cut to Neutral at Citi on lack of catalysts (SA)

• JetBlue plans to hike Spirit fares by up to 40%, deal could be in jeopardy: Report (SA)

• Mullen Automotive Blames Share Decline On “Unlawful Trading” (theDeepDive)

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