🌏Arm has the China trembles

Plus: What SpaceX has to do to get Starship off the ground

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Photo: Dado Ruvic (Reuters)

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Arm’s IPO filing is riddled with China anxiety. SoftBank’s UK-based chip designer made it clear that any instability in China—a country that accounts for 24% of Arm’s sales—would majorly affect its bottom line.

BRICS may add a new letter. Brazil, Russia, India, China, and South Africa began its three-day summit in Johannesburg yesterday, and the agenda includes considering new members.


Activision conceded its cloud streaming service to get the $69 billion Microsoft deal across the finish line. The move, which gives French video game maker Ubisoft exclusive streaming rights to all new Activision games, is meant to appease British regulators.

Florida’s tourism oversight board said Disney gave perks to members. The board, appointed by governor Ron DeSantis—who’s been battling with the multibillion-dollar behemoth over political views—says it uncovered an unethical scheme worth millions.


SpaceX, this is the FAA. Couple things…

SpaceX’s massive Starship rocket has been grounded ever since it, you know, blasted apart its Texas launch pad, hurtling sand into communities six miles away during a failed test flight.

That was back in April, and Elon Musk—SpaceX owner, general disliker of being told what to do—has since blown past his predictions for a second attempt. It’s August, and a countdown has not begun.

That, as Tim Fernholz explains, is because SpaceX is stuck in regulatory quicksand. Musk built his own spaceport to shed pesky US Air Force oversight, but it put him under the eye of the Federal Aviation Administration instead. The path forward might take time, with several safety issues to be addressed, and Musk isn’t known for coming to a consensus easily.


Quotable: The challenges outside and inside hip-hop culture

Image for article titled 🌏Arm has the China trembles
Photo: Reuters (Reuters)

“Sometimes you use your inside voice and sometimes you use your outside voice, and there are some conversations that are inside-voice conversations that were being exported to outside voices. When outsiders pick up on insider language, the question is, ‘Can I participate in that or is that not for me?’” —Emmett Price III, inaugural dean of Africana Studies at Berklee College of Music in Boston

Hip-hop, so the legend goes, was born at a party that took place 50 years ago this month, in the Bronx, New York City. Clive Campbell, known as DJ Kool Herc, was in charge of the music, while his sister, Cindy Campbell, worked the door.


Hip-hop started as a grassroots form of Black expression, but has since become a global, multibillion-dollar industry. Quartz’s Julia Malleck spoke with Emmett Price III about the business, origins, and evolution of hip-hop as part of the Hip Hop: ‘73 Till Infinity series.

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