⏱Baby supplies, adult prices
Apple's new hardware, and Discord says no deal
Good morning everyone, and congrats on making it to hump day—we’re almost there!
Late last afternoon, Derek Chauvin was convicted on all three counts for the killing of George Floyd last May, an event that went viral around the world and spiked a series of protests over the course of the next few months. Before the trial, Courteney Ross, Floyd’s former girlfriend was quoted as saying, “Floyd would want us all to come together. I think a guilty verdict would go a long way to bringing this city[Minneapolis] together.” As Chauvin was found guilty, many rejoiced as justice was served, and several topics including, “THANK YOU GOD”, and “BAIL REVOKED” were trending on Twitter.
While reporting earnings this morning, P&G also announced that they would begin charging more money for household items such as diapers, razors, and tampons as soon as this fall. According to the press release, this change was incited by the rising costs of raw materials and transportation, although it also follows a similar move by Kimberly-Clark, a competitor, earlier this month. P&G’s Operating Chief Jon Moeller, who has spent 33 years in the business, said, “This is one of the bigger increases in commodity costs that we’ve seen over the period of time I’ve been involved with this...”
0:59- Spring Loaded
Yesterday during Apple’s Spring Loaded event, the technology giant announced a series of new hardware and software features. Among the new products were a new purple colored iPhone 12 and 12 mini, redesigned colorful M1 iMacs, AirTag item trackers, an A12 bionic chip 4k Apple TV, new M1 iPad Pros with Liquid Retina XDR displays, a new in-app podcast subscription service, and a new Ted Lasso season!
In a surprise announcement yesterday, Discord announced that it had halted acquisition talks with Microsoft, despite it being offered more than $12Bn. Instead, it appears that Discord will be looking to continue independent growth with a potential IPO (rumored in part by its first ever hire of a CFO) in the near future.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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