Kamala Harris marketing campaign collects file $81mn in donations in first 24 hours

Good morning. In right now’s publication we’ll cowl:

Google’s choice to name off its $23bn acquisition of Wizz

Swiss wealth supervisor Julius Baer poaching Goldman Sachs govt Stefan Bollinger

A profile of Englishman Nick Pickles’ rise to the highest of X

However first we’ll unpack Kamala Harris’s first public outing because the presumptive Democratic nominee.

She has now collected sufficient delegates to safe the social gathering’s nominations in line with a tally by the Related Press, and on Monday acquired the backing of the previous US Home Speaker Nancy Pelosi.

Different senior Democrats, notably senate majority chief Chuck Schumer and Hakeem Jeffries, the highest Democrat within the Home, are but to throw their weight behind her.

The vice-president was additionally buoyed by a file $81mn in donations inside 24 hours — greater than Biden raised within the first two months of his personal marketing campaign.

In an deal with to marketing campaign staffers, Harris vowed to do every part in her energy to defeat Donald Trump and pledged to supply Individuals a “brighter future” in contrast with the “chaos, concern and hate” proposed by her Republican rival. Right here’s extra from her speech.

Who will probably be her VP?: Hypothesis has mounted over Harris’s working mate. Listed below are the highest contenders.

What are her insurance policies?: Having supported Biden’s agenda, the vice-president’s personal place is much less clear-cut. However right here’s what we learn about the place she stands on 5 massive points.

Scroll down for our chart of the day, which examines the important thing query with lower than 4 months to go earlier than the election: how does Harris measure up in opposition to Trump? And right here’s what else I’m retaining tabs on right now:

Netanyahu in Washington: Biden will host Benjamin Netanyahu on the White Home right now forward of the Israeli prime minister’s speech to Congress tomorrow. Harris, who would normally preside over such an deal with, will miss the speech however will as a substitute meet Netanyahu individually this week.

India: The federal government will current its price range after Prime Minister Narendra Modi confronted calls for from his new coalition companions to supply their states with billions of {dollars}.

Outcomes: Alphabet, Coca-Cola, Comcast, LVMH, Mattel, Moody’s, Tesla, Common Motors, Lockheed Martin, Philip Morris Worldwide, Spotify and Visa report.

5 extra high tales

1. Wiz and Google have referred to as off acquisition talks for a $23bn deal that might have been the most important buy of a venture-backed firm. Shopping for the Israeli cyber safety firm would even have been the most important buy in Google guardian firm Alphabet’s historical past. Right here’s what is going to occur now that the deal has fallen by.

Extra on Google: Google has U-turned on a call to take away cookies from its Chrome net browser, ending a four-year effort to guard customers’ privateness.

2. The Securities and Change Fee has accepted its first trade traded funds for cryptocurrency ethereum. Buying and selling is anticipated to begin as early as Tuesday. The funds may entice about $15bn inside their first 18 months in line with Matt Hougan, chief funding officer of crypto fund sponsor Bitwise. Learn extra concerning the new ether ETFs right here.

3. The try on Donald Trump’s life was the “most important operational failure” on the Secret Service in many years, the company’s director stated yesterday. In testimony on Capitol Hill, Kimberly Cheatle stated she took “full duty for any safety lapse” however defied bipartisan requires her to instantly resign. Right here’s extra from yesterday’s listening to.

4. US automotive producers and sellers are slashing costs to offset softening demand. New information reveals common incentive packages on new autos rose 53 per cent yr over yr in June, whereas the share of latest automobiles offered above the producer’s recommended retail value has halved. Right here’s why US shopper urge for food for automobiles has dropped.

5. Julius Baer has named Goldman Sachs banker Stefan Bollinger as its new chief. He’ll take over by February subsequent yr. The Swiss wealth supervisor has been with no boss since February after a $700mn writedown on its publicity to collapsed property group Signa. Examine Julius Baer’s seek for its new chief govt right here.

Information in-depth

After Elon Musk’s takeover of Twitter, which he remodelled as X, giant components of the social media firm’s unique workforce had been laid off. However Nick Pickles, a 40-year-old former music photographer from the UK managed to remain, and he has quietly risen to develop into a trusted confidant of each Musk and of X chief Linda Yaccarino. A few of his present and former colleagues speculate he may even take excessive job.

We’re additionally studying . . . 

Chart of the day

With Kamala Harris now the heavy favorite to exchange Joe Biden because the Democratic social gathering’s presidential candidate, the massive query is: can she beat Trump? The vice-president is polling behind the previous president — for now.

Take a break from the information

The Olympics, which begin this Friday, already has one winner: LVMH. With bottles of Moët and Louis Vuitton trunks by no means removed from sight, the Parisian conglomerate’s manufacturers have already made their mark on the Video games.

Extra contributions from Tee Zhuo and Benjamin Wilhelm