Financial Markets and Economy
Global Stocks Erase Brexit Losses; Investors Bail on Bonds, Yen (Bloomberg)
Global stocks erased losses sparked by the U.K.’s secession vote, the Dow Jones Industrial Average reached a record and commodities joined a rally in risk assets on the prospect of stimulus in major economies. Government bonds sank with the yen.
Job openings unexpectedly fall in May (Business Insider)
The number of job openings in the US fell to 5.5 million in May, according to the Job Openings and Labor Turnover Survey.
10-year Treasury yields creep to 2-week high as stocks touch records (MarketWatch)
Treasury prices declined, pushing yields higher, on Tuesday as government bonds succumbed to selling pressure amid a record-setting spate of buying in U.S. equities.
The yen keeps falling (Business Insider)
The Japanese yen is weaker against the dollar for a second day in a row, currently down by 1.0% at 103.85.
Treasuries Decline as Traders Reassess Yields Sliding to Records (Bloomberg)
Treasuries fell for a second day, in the biggest two-day selloff this year, amid speculation the rally that pushed 10-year yields to an all-time low last week was overdone.
U.S., Europe Stocks Are Most in Sync Since ’12 on Brexit (Bloomberg)
U.S. and European equities are moving more closely together than at any time since the peak of the euro-area debt crisis and the start of the Federal Reserve’s third round of bond purchases.
German leaders demand Brexit clarity from new British (Reuters)
German leaders stepped up the pressure on Britain's incoming prime minister Theresa May on Tuesday by demanding she swiftly spell out when she will launch divorce proceedings with the European Union.
IMF says sees 'negligible' Brexit impact on U.S. growth (Reuters)
Britain's referendum on leaving the European Union has caused uncertainty and increased risks to the U.S. economy, but thus far it looks likely to have a pretty "negligible" impact on U.S. growth, the International Monetary Fund said on Tuesday.
Canada Stocks Rise to 11-Month High as Energy, Industrials Gain (Bloomberg)
Canadian stocks rose to the highest in 11 months, led by energy producers as crude surged amid prospects for more stimulus in major economies.
OPEC sees tighter 2017 oil market, Brexit drag on economy (Reuters)
OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices.
Apple could make more money from Pokemon Go than Nintendo (Business Insider)
Now that it's clear that Pokemon Go is a bit of a phenomenon, the question is which tech companies stand to win or lose from the millions of people running around cities catching cartoons.
Dow rises to all-time high (Business Insider)
The Dow rallied above its previous closing and intra-day highs in early trading on Tuesday, one day after the S&P 500 closed at a record.
Amid Grim Economic Forecasts, Cubans Fear a Return to Darker Times (NY Times)
Recent calls to cut energy usage, along with the faltering economy in Venezuela, which provides much of Cuba’s oil, have left Cubans worried about fuel shortages and blackouts.
Dow Industrials Set New Intraday High (Wall Street Journal)
Recent calls to cut energy usage, along with the faltering economy in Venezuela, which provides much of Cuba’s oil, have left Cubans worried about fuel shortages and blackouts.
Politics
Republicans May Never Get Past Immigration (Bloomberg View)
Donald Trump has run the most anti-immigrant presidential campaign in modern memory. Hillary Clinton has run the most pro-immigrant campaign. After November, something's gotta give.
Bernie Sanders Expected to Endorse Hillary Clinton (Wall Street Journal)
Hillary Clinton will campaign Tuesday with primary opponent Bernie Sanders amid signs that some of the last liberal holdouts are coalescing around the presumptive Democratic nominee.
Bernie Sanders Endorses Hillary Clinton (The Atlantic)
It finally happened. After weeks of hinting that this moment would eventually arrive, Bernie Sanders endorsed Hillary Clinton as the Democratic Party presidential nominee standing side-by-side with his long-time rival on Tuesday.
Technology
Mudskipper robot uses tail to clamber on sand (Futurity)
A robot inspired by the African mudskipper fish is letting scientists investigate how early terrestrial animals began moving around on mud and sand 360 million years ago.
Health and Life Sciences
The Science Behind Slurpees And 'Brain Freeze' (Forbes)
Get ready for an epidemic of brain freeze. Yesterday (7/11), the convenience store chain 7-Eleven celebrated the 50th anniversary of Slurpees, their signature frozen beverage, by offering a free small Slurpee from 11 a.m. to 7 p.m. Additionally, if you buy seven Slurpees during “Slurpee Week”, which begins today and ends next Monday, you can get 11 Slurpees for free.
How Artificial Sweeteners May Cause Us to Eat More (Scientific American)
A vast body of research suggests that sugar substitutes, despite having far fewer calories than sugar itself, can wreak various forms of metabolic havoc such as upping diabetes risk and—perhaps paradoxically—causing weight gain in the long term. A new study published Tuesday in Cell Metabolism suggests that artificial sweeteners mimic a starvation state in the brain, causing some organisms to seek energy by eating more food.
Hidden red hair gene a skin cancer risk (BBC)
The Sanger Institute team estimate one in every four UK people is a carrier.
The gene's effect is comparable to two decades of sun exposure in terms of cancerous changes, they say.
Life on the Home Planet
Watch the first ever footage of wild coral kissing and fighting (New Scientist)
Tiny coral polyps have been recorded kissing for the first time, thanks to a brand new way of filming sea life.
Drought triggers 'austerity' root system in grass crops (BBC)
Grass species of crops adopt an "austerity" strategy and limits the development of its root system during times of drought, a study has revealed.
The results offer an insight into the little understood biology of roots and could help breeding effort to improve drought tolerance, say scientists.
