Good morning! Weâd like to wish Brian Niccol the best of luck on his first day as Starbucksâ CEO â walking into a new job as the [$20 billion boss]( canât be easy. Today weâre exploring: - Strikes and spacecraft: Boeing is having a turbulent time.
- Unseasonable: Summer â24 was the hottest on record.
- Pens down: High school vape rates hit 10-year lows. Have feedback for us? Just hit reply - we'd love to hear from you! Boeing has had quite a dramatic weekend. First, on Saturday, Boeing's problem-plagued Starliner spacecraft finally returned to [Earth]( â three months late and without its two astronauts after NASA deemed the trip too risky for human passengers. Then, on Sunday, Boeing averted a looming strike by reaching a tentative [agreement]( with union leaders that promises a 25% pay increase over four years for thousands of Boeing employees in its U.S. Pacific Northwest commercial division. Those union members will vote on Thursday to ratify the deal. If waved through it would mark a significant win for Boeingâs new CEO, Robert âKellyâ Ortberg, who took the helm just a month ago and inherited a business that is battling a quality control [crisis](, reputational damage, and ongoing regulatory [scrutiny](. Boeing shares are up 4% in early trading but have shed 35% of their value in the year to date, and are down 57% in the last 5 years. Boeingâs business is obviously getting things airborne. But selling passenger-carrying airplanes, like the iconic 737, has actually been less than one-third of the companyâs revenue so far this year. The union deal comes with a commitment that the company will build its next commercial model in the Seattle area. Its defense, space, and security segment also pulled in $6 billion in Q2, though the troubled spacecraft division plays a relatively minor role compared to military aircraft and equipment sales. The company's services division, focused on maintenance and upgrades, contributed an additional $4.9 billion. With a background as a mechanical engineer and years of experience in the aerospace supply chain, investors are hoping that Ortberg will be the one to get Boeing back on the right trajectory. [Read this on the web instead]( If youâve spent the last few months trying to beat the heat â investing in air con units, slathering on sunscreen, drinking more water than you thought humanly possible â then the approach of a less-feverish fall likely canât come quickly enough. Now, new data from the EUâs top climate monitor, [Copernicus Climate Change Service](, has confirmed that, yes: this summer was unseasonably hot. Global surface air temperatures from June through August averaged +0.69°C above the 1991-2020 mean temperature for these 3 months⦠breaking the previous record, set just last year, of +0.66°C. This summer's sweltering temperatures all but confirm that 2024 is on track to be the warmest year on the books â in July, scientists reported that the [hottest day]( on record was broken twice in the same week. While the US has seen an onslaught of national heat warnings owing to chart-busting temperatures, the situation has been especially dire in Europe. Indeed, everywhere from Athens to Zagreb, locals and tourists alike have faced unexpectedly [stifling heat](, with global surface air temperatures across the continent for Jun-Aug averaging a massive +1.54°C deviation from the 1991-2020 standard. [Read this on the web instead]( Puffed out Teachers, schools, and health authorities might just be winning the war against e-cigarettes, at least if the latest annual National Youth Tobacco Survey is anything to go by, as current usage figures drop to the lowest point [in a decade](. Overall, half a million fewer middle and high school students reported using e-cig and vaping products in the last 30 days in 2024, with just 5.9% of Americaâs youth now classed as âcurrentâ users, compared to 7.7% last year. The drop off was mostly attributed to students in high schools, where reported current usage figures are down 20% from the 2019 peak. Elf barred The falling rates reflect increased efforts to curb young Americansâ vaping appetite, which soared in US schools in the mid-to-late 2010s. Legislation originally introduced in 2019 that made it illegal for retailers to sell e-cigs to under 21s, for instance, has now been updated so that anyone below 30 will have to provide photo ID to buy a vape as of the end of [this month](. Although the director of the FDAâs Center for Tobacco Products described the continuing decline as a âmonumental public health winâ, some are still wary of the rise of [unauthorized vapes from China]( (like Elf Bars, favored by 36% of young current vapers), as well as the rising popularity of nicotine pouches like Zyn. [Read this on the web instead]( More Data - Rapper Kendrick Lamar will headline the Super Bowl halftime show in New Orleans, having featured as a guest [in 2022](.
- Leonid Radvinsky, the owner of OnlyFans, has made over $1 billion in dividends from the company in the [last 3 years](.
- Golden Slam: The US Open handed out $75 million in prize money this year, the most ever awarded at a [tennis tournament](.
- Huaweiâs new trifold mobile has received a whopping 2.7 million pre-orders since Saturday, ahead of todayâs [iPhone 16 launch](.
- Itâs showtime: Beetlejuice Beetlejuice just had the second-best September domestic box office opening ever, with an impressive [$110 million haul](. Hi-Viz - Cool hand-drawn illustration on golfâs $100 million [Tour Championship](. Off the charts: Which European country, where tourist numbers have boomed in recent years, yesterday announced plans to impose a ~$22 tax on [cruise ship visitors]( in hotspots during peak season? [Answer here.]( Thanks for stopping by! Have some [feedback](mailto:daily@chartr.co?subject=Feedback&body=Hi,
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