Good morning, Quartz readers!
What to watch for today
Donald Trump’s acceptance speech. The presidential nominee will try to salvage a topsy-turvy Republican National Convention, which has featured a plagiarized speech by his wife and a chorus of boos for his former rival Ted Cruz. Silicon Valley business leaders, meanwhile, hope to hear more details about trade, immigration, and other tech policies they care about most.
The G20 tackles Brexit. Starting Saturday, finance ministers and central bankers will convene for two days in Chengdu, China, where they will also discuss China’s weakening currency. In Berlin last week, US treasury secretary Jacob Lew said that the group representing large economies will “consult closely with one another on exchange rate policy.”
Russia could be ousted from the 2016 Olympics. The International Olympic Committee is expected to make a decision on Sunday about whether to ban all of the country’s athletes amid mounting evidence of a state-sponsored doping scheme.
While you were sleeping
Samsung placed a hefty bet on a Chinese electric car company. The South Korean tech giant splashed out $450 million for a stake in BYD, which is also backed by Warren Buffett’s Berkshire Hathaway conglomerate. Samsung is a major supplier of computer chips and batteries to the nascent electric car industry.
Brazil arrested 10 of its citizens for an alleged Olympic terror plot. The suspects were a “loosely organized group” that connected via messaging apps, including WhatsApp and Telegram. Brazil is investigating whether they had any contact with Islamic State militants.
JP Morgan neared a deal on its Asian hiring scandal. The bank is expected to pay out about $200 million to settle claims that it illegally gave jobs to the sons and daughters of powerful Chinese officials, according to the Wall Street Journal. The bank will probably admit to violating US bribery laws but avoid criminal prosecution.
Mario Draghi doesn’t know how Brexit will play out—and he’s ok with that. The European Central Bank president left interest rates and stimulus packages unchanged at the ECB’s monthly meeting. “It’s very difficult to understand how these big macro themes affect the recovery,” he said, but vowed his “readiness, willingness, [and] ability” to act.
Facebook revealed the maiden flight of its vaguely terrifying internet drone. The solar-powered, carbon-fiber plane with a wingspan comparable to a Boeing 737’s took flight for about 90 minutes at a test facility in Arizona. Facebook hopes to use it to beam down internet access to remote areas, eventually staying aloft for months at a time.
Quartz markets haiku
Stocks have slipped a bit
But they’re just off record highs
And they sure ain’t cheap
Quartz obsession interlude
Jenny Anderson won’t let her kids play Pokémon Go. “My kids play games and watch things on the iPad or on my phone. When there’s no school, or tennis, or piano, they play families, or ‘shop,’ or put on a gymnastics show to pop music, which they navigate from Spotify. They make up dance routines, which we sometimes video and watch. Technology isn’t absent, but it is ancillary. And for a few more years—or moments—I’d like to keep it that way.” Read more here.
Matters of debate
Hillary Clinton is now running against Vladimir Putin. Donald Trump’s geopolitical proclivities are perfectly in line with the authoritarian Russian leader’s.
Plagiarism should be decriminalized. The careful repurposing of words that are not your own can be a satisfying and valid creative act.
Fox News has a big problem, and Roger Ailes isn’t it. The network’s future is in peril because its median viewer is 68 years old.
Surprising discoveries
The last videocassette machine will be produced this month. Its Japanese manufacturer once sold 15 million a year, but that era is long over.
The US political divide extends to TV shows. Democrats love “Game of Thrones,” but it isn’t even in the Republican top ten.
Social media is making young men feel insecure about their jawlines. Plastic surgeons are performing a record number of chin implants.
When a crow dies, other crows investigate. Call it crowminal justice (or maybe “Caw and Order”).
Someone could hack your iPhone by sending you a text. Update your Apple devices now.
Our best wishes for a productive day. Please send any news, comments, crow detectives, and ideal jawlines to hi@qz.com. You can download our iPhone app or follow us on Twitter for updates throughout the day.