Apple unveils its Vision Pro headset, The SEC sues Coinbase

Apple introduced its Vision Pro mixed-reality headset on Monday, which will retail for $3,500 and be sold starting in early 2024. - Link

The SEC filed a lawsuit against Coinbase accusing it of breaching securities law by not registering as a broker. The regulator also sued Binance and its co-founder Changpeng Zhao. - Link

Saudi Arabia-backed LIV Golf and the PGA Tour announced they will merge to form a new unnamed entity and drop all ongoing lawsuits against each other. - Link

Sequoia Capital will separate its U.S., Indian, and Chinese businesses into separate entities amid heightened geopolitical tensions between the U.S. and China. - Link

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A few early backers and employees of Elon Musk's brain computer interface startup Neuralink liquidated their shares through a privately executed stock trade. Neuralink was valued at $5B at the transaction, more than twice than its last known valuation of nearly $2B two years ago. - Link

Saudi Arabia's energy ministry announced it would curb oil output by 10% in July, dropping to 9M barrels per day, in a bid to drive up crude oil prices. Additionally, OPEC+ nations agreed to extend the oil production cuts announced earlier this year through the end of 2024. -Link

Organizations represented by the National Retail Federation and the National Association of Manufacturers implored the White House to mediate the West Coast ports labor dispute. The news comes as dock workers at Southern California's Port of Long Beach rallied for better pay. - Link

HR software startup ProSky's founder and CEO Crystal Huang pleaded guilty to manipulating the balance sheets of her company in order to raise more than $5M funding from VCs. Huang falsified the balance sheet to show millions of dollars in recurring revenue, when in reality the company was making no revenue at all. - Link

Sequoia Capital-backed logistics startup Next Trucking has roped in BG Strategic Advisors to help find a strategic buyer for the company. The firm is also trying to raise funding from existing backers while it pursues a sale. - Link

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