Trump Charges Instant Access to Truth Posts & AMC Says Movies Are So Back

**Neal Freyman** (0:01)
Good Morning Brew Daily Show, I'm Neal Freyman.

**Toby Howell** (0:04)
And I'm Toby Howell.

**Neal Freyman** (0:05)
Today, how Taylor Farms bungled its cyclospora response.

**Toby Howell** (0:08)
Then would you pay six figures for instant access to Trump's truth social posts? It's Friday, July 24th. Let's ride.

**Neal Freyman** (0:27)
The United States exports many famous things to the world. Hollywood, fast food, baseball. This week, we added another to the list, the lottery. On Tuesday, Powerball tickets went on sale in the United Kingdom, making it the first time a lottery outside the US contributes to the jackpot. Powerball execs say the global expansion will lead to jackpots growing more quickly for Americans and emphasize that the odds, which are miniscule to begin with, haven't changed. However, many lottery fans in the US are upset and say they'll be switching to their state lotteries instead. Toby, if you win, will you take your winnings in dollars or pounds?

**Toby Howell** (1:01)
Well, there's actually quite a few differences between how the lotteries are set up. The main one being in the UK, the advertised jackpot shows what the winner will take home post-tax. So if the jackpot is around $600 million here in the United States, it will be advertised as closer to $300 million in the UK, which is probably smart, by the way. Also, if someone wins the UK jackpot, they have to take annuity payments. So they don't even have the option to take it in a lump sum because it's just a wiser financial decision. So they're trying to protect winners. And finally, you're going to be paying more in the UK. Powerball tickets in the US are $2. In the UK, it's the equivalent of $5.35. So those are the main differences. I'm not winning.
And now a word from our sponsor Anthropic, the team behind Claude.
Neal, do you ever get nervous that AI could impact our jobs?

**Neal Freyman** (1:51)
I think everyone is in some way or another.

**Toby Howell** (1:53)
Well, Anthropic, the public benefit corporation behind Claude, heard questions like that over and over in more than 120,000 interviews about people's hopes and fears around AI.

**Neal Freyman** (2:03)
And they're doing something about it. They just launched Claude Core, a $150 million fellowship paying 1,000 people full salaries to work at nonprofits while training for AI era careers, plus a research fund to help prepare society for the economic impacts of AI.

**Toby Howell** (2:18)
So if you've got your own hard questions about AI, head to claude.ai/mbd to submit it to Anthropic and explore how they are answering them. That's C-L-A-U-D-E dot AI slash MBD.

**Neal Freyman** (2:32)
Crude prices surged above $100 a barrel yesterday as supplies came under attack across three different fronts, threatening one-quarter of the world's oil supply and renewing fears of a global energy crunch. You know all about the Strait of Hormuz, that's one, but I regret to inform you there's another narrow waterway in the Middle East that's become a no-go zone to oil tankers. It's called the Bab al-Mandab Strait and it's the tiny sliver of blue connecting the Red Sea to the Indian Ocean. Yesterday, Houthi militants in Yemen, backed by Iran, said they attacked two Saudi Arabian tankers in the Red Sea, an escalation that caused oil to rise above the $100 threshold the first time since May.
Bab al-Mandab has taken on even greater importance as a detour since Iran closed the Strait of Hormuz during its war with the US. With Hormuz shut down, Saudi Arabia had been sending its crude through pipelines across the country and out to global markets through Bab al-Mandab. It was a key choke point even before the war, handling 12% of the world's seaborne oil flows. Investors now fear that this crucial lifeline is in danger of being throttled by the Houthis. And finally, the third arena of oil disruption is in the Black Sea, where Ukraine has mounted sustained attacks on Russian energy infrastructure, pipeline flows have stopped to a port that handles one-third of Russia's oil exports, and Kazakhstan's crude as well. The uptick in geopolitical conflicts amounts to triple-digit oil prices and renewed concern over the global economy.

**Toby Howell** (3:54)
Let's talk about Bab al-Mandab and the Black Sea, because we've talked a lot about the Strait of Hormuz. If Bab al-Mandab is in fact closed because of these attacks, ships traveling to Asia must go north through the Suez Canal, around Gibraltar, and then around the Cape of Good Hope in South Africa. It adds about 10 to 15 days to voyages, plus the very large crude carriers, which are the common way of transporting oil around the world. They cannot fully transit the Suez Canal because they're too big and usually too heavily laden. So that causes all sorts of headaches. And then when we talk about what's going on in the Black Sea with Russia and Ukraine, the issue there is that a lot of refining systems are located around those points. So when we're talking about Ukraine hitting Russia's energy infrastructure, it's about turning oil into useful things like gasoline and jet fuel, that sort of thing. So that's why these two critical choke points, although they don't transport as much oil as the Strait of Hormuz, are still very important to the energy system.