Tragedy strikes… Baltimore’s Key Bridge collapsed last week after a container ship struck it, killing six people. As crews clean up the wreckage, America’s ninth-largest port remains closed. The port’s shuttering will halt $15M/day in economic activity, with Carnival saying its cruise earnings could take a $10M hit. The port is one of the biggest in the US for car shipments and coal exports, and both industries could face costly reroutes. On the ground, Maryland residents are stuck with longer commutes. It could take years to rebuild the bridge.
That’s capitalism’s music… WrestleMania 40 piledrives into Philly this weekend. The WWE event is People’s Elbowing its way onto NBCUniversal’s Peacock for the last year before heading to Netflix for the next 10 (in a $5B deal). It’s a slam for WWE — some two-day tix are going for $24K. WWE sold 90K tickets in one day, breaking the prior year’s $22M total sales. Behind the scenes, scandal has rocked WWE parent TKO Group’s board: WWE founder Vince McMahon resigned this year amid sexual-assault allegations. He’s sold $1B+ of TKO shares, but the stock’s up this year.