The Presidential Daily Brief


  1. british prime minister theresa may brussels shutterstock 1256641735

    Theresa May to Step Down Once Brexit Is Delivered

    The British Prime Minister has promised her Conservative colleagues she will stand down if they back her withdrawal agreement with the E.U. The party leader had not set a date for departure but indicated to lawmakers she would not stay in post for the next stage of negotiations. The U.K. was due to leave the bloc on Mar. 29 but a delay has been agreed after the Prime Minister’s exit deal was twice rejected by MPs.

    What next? A vote is to take place this evening so parliament can indicate preferred Brexit options while May wants a third vote on her deal this week.


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    US Democrats Rally Around Health Care

    They’re preparing for a healthy debate. Following the Trump administration’s call this week for a federal court to cancel the Obama-era Affordable Care Act, Democrats are hunkering down for a fierce political fight. While the public’s been distracted by special counsel Robert Mueller’s Russia probe, House Speaker Nancy Pelosi said, “we have been focused on health care.” They started by unveiling a bill yesterday to lower insurance premiums and boost protections for pre-existing conditions.

    Is this a winning strategy for Democrats? With 40 percent of their voters saying health care is their top concern, it could be a defining issue in the 2020 election.

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    UK Parliament to Consider Other Brexit Plans

    After their fresh rebuke of Prime Minister Theresa May on Monday, British lawmakers will consider alternatives to her Brexit deal in a series of votes later today. Meanwhile, May — who’s still hoping to put her agreement up for a third vote tomorrow — will seek support from fellow Conservatives, and is reportedly even considering offering her resignation in exchange for a firm commitment to her deal.

    What are the British people saying? A “cancel Brexit” petition has collected nearly 6 million signatures, and a new survey shows that 81 percent believe the government has handled the withdrawal badly.

    Read this OZY story about why Americans overreport their voting histories.

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    Thai Opposition Unites Against Junta

    Claiming they collectively hold a majority in Thailand’s lower house of Parliament, seven parties announced they’re forming a coalition against the ruling military government. Led by the Pheu Thai party, the group has pledged to “bring back democracy.” But with the results of Sunday’s elections — which appear to favor the pro-military Palang Pracharat party — still delayed, there are few signs that Prime Minister Prayuth Chan-ocha is prepared to cede his post.

    How much power can the opposition muster? They still lack enough total votes to name a prime minister, and could instead produce a political deadlock in the lower house.

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    Purdue Pharma Settles $270 Million Opioid Suit

    The embattled OxyContin manufacturer has agreed to settle a lawsuit brought by the state of Oklahoma, which alleged that the pharmaceutical giant’s aggressive marketing of the drug triggered America’s opioid crisis. Around $200 million of the settlement will be used to establish the National Center for Addiction Studies and Treatment at Oklahoma State University. The company’s founding Sackler family must cough up $75 million.

    What’s next for Purdue Pharma? Still facing more than 1,600 lawsuits — and likely bankruptcy — some experts believe this settlement could open the floodgates for many more.

    Don’t miss OZY’s Special Briefing on the Sacklers’ tainted philanthropy.

  6. Also Important…

    In a U.S. Senate hearing today, the acting head of the Federal Aviation Administration is expected to announce a significant overhaul of the agency’s airplane construction oversight process. China says it’ll prosecute former Interpol chief Meng Hongwei for corruption. And prominent Irish UFC fighter Conor McGregor is reportedly under investigation for sexual assault.

    #OZYfact: In March 1981, it took four days and cost $117.80 for 25-year-old John Hinckley Jr. to travel from California to Washington, D.C. — where he would attempt to assassinate President Ronald Reagan. Read more on OZY.

    We’re hiring! OZY is looking for a dynamic integrated marketing specialist to join our sales support team. Could this be you? Check out the job description for more details … and find all our open jobs right here.


  1. jussie smollett 2018

    Dropped Jussie Smollett Charges Draw Anger

    Calling it “a whitewash of justice,” Chicago Mayor Rahm Emanuel slammed the decision by state prosecutors not to pursue criminal charges against the Empire actor. Smollett was charged with felony disorderly conduct after police said he paid two brothers to stage a homophobic and racist attack. “This was not an exoneration,” said state attorney Joe Magats. Smollett has maintained he’s innocent.

    Is he off the hook? Not yet: The FBI is still investigating a threatening letter Smollett allegedly received, while some experts believe civil suits may also be forthcoming.

  2. pigs shutterstock 299371184

    China Aims to Import Record Haul of US Pork

    They’re hungry for more. Part of its promise to boost purchases of American farm products to ease its trade war with Washington, Beijing will import as much as 330 tons of U.S. pork this year — an 81 percent increase from 2017. So high is China’s willingness to fork out for pork that officials may be willing to swallow the 62 percent tariffs. Some experts think that record import estimate may even be conservative.

    Why is demand so high? China’s scrambling to contain the spread of African swine fever among its herds, which have already been decimated by 15 percent.

    Don’t miss OZY’s profile of the man behind Trump’s trade war.

  3. iPhone

    Apple-Qualcomm Tiff Could Spur iPhone Import Ban

    According to a U.S. trade judge, the Cupertino-based tech giant infringed on Qualcomm patents relating to power management and data downloads, leading her to recommend blocking the import of some iPhone models with Intel chips. It’s the latest blow in an ongoing legal battle between the companies as Qualcomm claims it’s owed unpaid royalties, while Apple accuses the chipmaker of anti-competitive licensing strategies.

    What happens next? The judge’s recommendation must be reviewed by the International Trade Commission — which rejected another Qualcomm case against Apple earlier this week — while the two sides await a larger trial next month.

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    Americans Are Retiring Into Homelessness

    More seniors than ever are spending their golden years on the streets, OZY reports. Nearly half of all homeless older adults reached that dubious point for the first time after turning 50, researchers found — compared to only 11 percent in the early 1990s. What’s more, homeless individuals in their 50s tend to suffer health problems that are generally more common in people in their 70s and 80s.

    What does the future hold? Based on research covering New York City, Boston and Los Angeles County, America’s elderly homeless population is projected to nearly triple by 2030.

    Senior Streetsleepers

  5. Clocks on counter

    Europe Votes to Ditch Daylight Saving

    There’s no time to waste. The European Parliament voted 410 to 192 yesterday to end daylight saving time in the EU by 2021 — though individual states can choose whether to continue changing their clocks twice a year. Each country would have to inform the rest of the bloc about its choice by April 2020.

    Is everyone in agreement? Some complain that the decision, which rested on an online survey of 4.6 million Europeans, was too heavily influenced by the 3 million Germans who participated.

    OZY asks: Will Germany become Europe’s sole powerhouse?