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PRESIDENTIAL
DAILY BRIEF
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Wednesday
Oct 23, 2019
[LISTEN FROM 8:00AM EST](
Russian President Vladimir Putin meets with his Turkish counterpart, Recep Tayyip ErdoÄan, in Sochi Tuesday. Source: Getty
IMPORTANT
01
[US Envoy: Trump Withheld Ukraine Aid for Biden Probe](
The acting U.S. ambassador to Ukraine, Bill Taylor, reportedly told congressional investigators yesterday that President Donald Trump withheld nearly $400 million in military aid to Ukraine until Kyiv dug into political rival Joe Biden. Taylor’s explosive testimony is said to have focused on his mounting alarm over the alleged âirregular, informalâ diplomatic back-channeling â as well as on the transactional approach to relations with Ukraine, as described to him by Gordon Sondland, the U.S. Ambassador to the EU.
Why is his testimony valuable? Observers say Taylor’s recollection, supported by contemporaneous notes, amounts to the most detailed rebuttal of White House claims that Trump did nothing wrong in his dealings with Ukraine.
SOURCES: [AP]( / [Washington Post]( / [WSJ (sub)](
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02
[With US Gone, Russia and Turkey Strike Deal Over Syria](
After meeting for six hours yesterday, Russian President Vladimir Putin and his Turkish counterpart, Recep Tayyip ErdoÄan, agreed to jointly control a swath of formerly Kurdish-held territory in northeastern Syria. According to the proposal, Kurds â once backed by U.S. troops withdrawn by President Trump â now have six days to retreat more than 20 miles away from the Turkish border and back into Syria.
Why does it matter? It’s a victory for both leaders: While ErdoÄan gets a Kurd-free buffer zone, Putin boosts Russia’s military profile. Washington, meanwhile, is watching its influence wane in real time.
Don’t miss [OZY’s Flashback]( about the day ErdoÄan turned on the Kurds.
SOURCES: [Al Jazeera]( / [NYT](
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03
[Boris Johnson Weighs Early Election](
The British prime minister was dealt both victory and defeat in Parliament yesterday, as his Brexit deal cleared its first parliamentary hurdle but lawmakers rejected his three-day timeline to fully enact it. Now, Downing Street believes calling an election is the best way forward. The opposition Labour Party apparently agrees, since it means crashing out of the EU with no prior arrangement won’t be possible.
What’s next? If an EU-offered extension comes back from Brussels at three months or longer, an election appears likely.
Read [OZY’s Special Briefing]( on why Johnson wants an election so badly.
SOURCES: [BBC]( / [The Guardian]( / [The Telegraph](
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04
[WeWork Is Officially Rescued by SoftBank](
The Japanese holding company will provide a total of $10 billion in emergency financing and share purchases for the troubled co-working firm â leaving SoftBank with an 80 percent stake in WeWork. Controversial former CEO Adam Neumann will reportedly receive more than $1 billion to walk away as chairman and ditch his voting rights. The company’s now valued at just $8 billion, down from around $47 billion when Neumann [was preparing to take it public](.
How will WeWork straighten itself out? Besides overhauling its corporate governance, the company could lay off up to 2,000 people, or 13 percent of its workforce.
SOURCES: [CNBC]( / [Reuters](
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05
[Also Important...](
British police have arrested a 25-year-old man from Northern Ireland after [finding 39 bodies in a truck container]( thought to have originated in Bulgaria. Hong Kong’s government [has officially withdrawn the controversial extradition bill]( that sparked months of pro-democracy protests there. And Nike has announced that [CEO Mark Parker will step down next year]( from the worldâs biggest sportswear brand.
#OZYfact: Milwaukee County had the single biggest drop-off in the country of raw votes from 2012 to 2016 â more than 50,000, most of them disaffected Democrats. Read more [on OZY](.
OZY is hiring! Weâre looking for an ambitious journalist to cover business and finance through unique, analytical and globally minded write-ups. Check out our [jobs page]( and read the description [here](.
[Sponsored by: UC Berkeley School of Information](
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Ready to develop a practical plan to integrate artificial intelligence within your business? Find out more about this online course [here.](
SOURCES: [UC Berkeley School of Information](
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INTRIGUING
01
[Can This New Drug Treat Alzheimer's Disease?](
After abandoning research efforts deemed futile in March, Biotech giant Biogen is trying again. It intends to seek approval from the U.S. Food and Drug Administration for a medication that [appears to slow the decline of Alzheimer’s patients](. Two smaller studies had shown no benefit, but a fresh analysis of more data showed the drug, called aducanumab, to be âpharmacologically and clinically active.â Meanwhile, Biogen stock jumped 37 percent on the news.
Will it be approved? Some analysts say a single positive trial isn’t quite convincing enough, while the Alzheimer’s Association said it had “never been as optimistic.”
SOURCES: [Business Insider]( / [Stat](
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02
[Vladimir Putin Is Wooing African Leaders](
The Middle East isn’t the only region the Russian president’s been scoping out lately. The leaders of more than 50 African countries are descending on the Black Sea city of Sochi for a two-day conference aimed at boosting Russian influence on the continent. It’s the culmination of what observers say have been years of various bilateral meet-ups and forums, and will be co-chaired by Putin and Egyptian President Abdel-Fattah el-Sissi, chairman of the African Union.
What are the Kremlin’s objectives? Flexing its [soft power muscles]( at Washington, Brussels and Beijing, it’s seeking the kind of strong trade, military and cultural ties it enjoyed during the Cold War.
SOURCES: [Bloomberg]( / [Quartz](
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03
[Women Are Safer When Female Cops Walk the Beat](
Domestic violence is the leading reason Americans call the police. But who picks up makes a difference: More female officers on a police force means domestic violence gets reported more often, [OZY finds](. Yet while a number of countries have invested in all-female units â with positive results â women make up only 12 percent of local police forces in the United Sates. That’s increased just 4 percentage points in 26 years. Even more alarming? In previous studies, 40 percent of male cops have admitted to violent behavior at home.
How can things change? Researchers say direct intervention by the Department of Justice is the key to boosting equality in policing.
SOURCES: [OZY](
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04
[Palestinian Authority Blocks Critical Websites in West Bank](
Activists in the Palestinian territories on Tuesday appealed a court decision to ban 59 West Bank websites. Those sites were blocked earlier this week after a judge in Ramallah ruled that their content threatened “national security and civil peace.” Most of the banned web pages were critical of Palestinian Authority President Mahmoud Abbas and linked to his political rivals, including the Islamist group Hamas.
Could activists win? One Palestinian official has suggested the ruling could be reversed by a higher court.
Read [this OZY story]( about crowdfunding solutions for Palestine.
SOURCES: [Haaretz]( / [The New Arab]( / [Times of Israel](
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05
[MLB to Probe Astros Exec for Taunting Women](
Major League Baseball will investigate comments made by Houston Astros assistant general manager Brandon Taubman after his team [won the American League pennant]( last week. In the clubhouse, a jubilant Taubman shouted at female reporters, “I’m so f—ing glad we got Roberto Osuna” â the former Toronto Blue Jays pitcher arrested last year on domestic violence charges. Those charges were dropped, but Osuna served a 75-game suspension for violating the MLB’s domestic violence policy. Yesterday, the Astros lost Game 1 of the World Series to the Washington Nationals, 5-4.
Is Taubman walking it back? He disputes the context of his utterance, but said he was “deeply sorry and embarrassed” for using “inappropriate language.”
SOURCES: [SI]( / [Washington Post](
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Caught Up? Now Vault Ahead ...
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Fast Forward
[Gauging the Untapped Red Tide in Pivotal Wisconsin](
Republicans lost key Wisconsin voters in 2016 too. And they donât want to repeat Hillary Clintonâs mistake.Â
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