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A Texas group is planning to open a Dallas-based stock exchange, it announced today. In an era when most stock trading is online, why does it matter that the exchange will be in Texas instead of New York? Also in this episode: Economists disagree on the power of the “wealth effect,” the co-working space industry tries to reinvent itself, and nanobubbles fight toxic algae in a Southern California lake.

Triple-digit heat waves are spreading across the Southwest, and many incarcerated people have to endure the extreme weather without air conditioning. We’ll get into why state legislatures have been slow to address the problem and why it’ll only get worse as temperatures rise. Plus, we’ll get into New York Governor Kathy Hochul’s last minute switch-up on congestion pricing. And, the story of a TikTok influencer treating day laborers to days off at Disneyland is making us smile.

Here’s everything we talked about today:


“Hochul Halts Congestion Pricing in a Stunning 11th-Hour Shift” from The New York Times
“A year of record global heat has pushed Earth closer to dangerous threshold” from The Washington Post
“‘Cooking someone to death’: Southern states resist calls to add air conditioning to prisons” from Politico
“This 27-year-old keeps taking day laborers to Disneyland. One thing always catches his attention” from CNN
“Boeing Starliner launches 2 NASA astronauts into space in first piloted test flight” from Fox Business

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Markets hit new highs; NVIDIA hits $3 trillion; New York delays congestion pricing; American offers flight attendants 17% raise.

The change takes effect mid-August; electrified vehicle sales power Volvo surge; EU tells McDonald’s it can no longer trademark chicken Big Mac; Amazon Labor Union joins Teamsters.

When we do the numbers, we tell you what’s happening on the New York Stock Exchange and the Nasdaq. Now, a couple of Wall Street financial firms are backing an upstart in Texas that wants to challenge the dominance of the two big players in New York. Then, China’s generative AI business has gotten its first infusion of cash from a foreign investor. Plus, does Boston regret not hosting the 2024 Summer Olympics?

At the height of pandemic lockdowns, folks stayed in yet also desperately wanted to get out. Enter the open streets movement, which advocates for roads being temporarily closed off to cars and expanded for pedestrians and public space. Now, advocates in Brooklyn are pushing to make some of those changes more permanent. Plus, manufacturing and construction appear to lose steam, and the Amazon Labor Union will link up with Teamsters.