SUMMARY: South Korea’s Supreme Court rejected American composer Jonathan Wright’s $21,600 damage claim against Pinkfong, ending a six-year legal battle over the “Baby Shark” song. Wright alleged Pinkfong plagiarized his 2011 version, but courts ruled both versions derived from a traditional folk melody, with Wright’s lacking sufficient originality for copyright protection. The Supreme Court upheld that Pinkfong’s rendition, released in 2015, added distinct elements, confirming it as a separate work based on a public domain chant. Pinkfong’s “Baby Shark” became a global hit with over 16 billion YouTube views, generating significant revenue and spawning various media adaptations.

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SUMMARY: U.S. wholesale inflation unexpectedly surged 0.9% in July, the largest monthly rise in over three years, driven by President Trump’s tariffs raising import costs. Wholesale prices rose 3.3% year-over-year, with core producer prices climbing 0.9% from June. Importers are currently absorbing tariff costs, but higher consumer prices seem inevitable. Retailers’ profit margins oddly increased despite tariff pressures, possibly reflecting economic uncertainty linked to trade deals and court challenges to tariffs. Consumer inflation rose 2.7% yearly in July, above the Federal Reserve’s 2% target. This inflation data complicates the Fed’s decision on interest rates, likely delaying expected cuts.

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SUMMARY: A large great white shark, estimated at 10-12 feet, was spotted near popular Maine beaches including Crescent Beach State Park, Higgins Beach, and Pine Point Beach, prompting a warning from Scarborough police. Commercial fisherman David Lancaster captured drone footage of the shark near Scarborough. Though rare, white shark sightings have increased in Maine, possibly due to a growing seal population, their primary prey. Scarborough police shared the footage for public awareness, emphasizing that fatal shark attacks in Maine are extremely uncommon. The state’s first recorded fatal shark attack occurred in 2020, leading to efforts to better warn beachgoers about shark presence.

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