Democratic presidential candidate Joe Biden plans to outspend President Trump in television and digital advertising with $280m that will target swing states. $220m will be dedicated to TV, and $60m will go towards digital ads. 

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• The states that Biden is targeting include Pennsylvania, Wisconsin, and Michigan, all states that Trump won in 2016. Trump reportedly has reserved $145m for TV ads between now and November. 
• The Trump campaign says it has knocked on over one million doors, while Biden's campaign has foregone any door-to-door discussions about his campaign. 
• Democratic party leaders announced Biden will not travel to Milwaukee, Wisconsin for the Democratic National Convention to officially accept the nomination due to COVID-19 concerns. The entire event, scheduled for August 17-24, is now expected to be virtual. 

As of Tuesday, the total number of confirmed coronavirus cases in the U.S. reached 4.7 million, and total deaths reached 148,829. Deaths due to COVID-19 in California increased by 34% in the last two weeks. 

• The total number of days taken to reach a million cases (from the previous benchmark):
  • 1 million: 118
  • 2 million: 44 
  • 3 million: 27
  • 4 million: 14

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• Bridge and tunnel checkpoints are being set across New York to enforce a quarantine order for people coming from 35 states and entering New York, New Jersey, and Connecticut. A fine of $10,000 will be levied for those violating the order.
• Florida joins California to become the second state to cross 500,000 coronavirus cases.
• In a "Fox and Friends" interview Wednesday, President Trump said that coronavirus is spreading in a relatively small portion of the country. He said the virus “will go away like things go away.”

Instagram launched its short-form video feature Reels in 50+ countries today. The feature had already been rolled out in India following that nation's TikTok ban. With the uncertainty surrounding TikTok, Reels' launch is considered a way for Instagram to attract TikTok creators by offering them lucrative deals.

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• Reels will allow users to create 15-second videos that use editing tools already embedded in Instagram's camera, including augmented reality effects like live overlays and filters, some of which TikTok doesn't currently have. 
• In the last month, 45% of videos uploaded to the Instagram feed were already 15 seconds or shorter. 
• Snapchat is reportedly testing new TikTok styles of content creation in its app. It has rolled out a test feature in New Zealand and Australia that is expected to become more widely available later this year. 
• Last week, Triller, a video app similar to TikTok, became the number one app in the Play Store and App Store in several countries. As of July 2, Triller had 50 million users. 
• After TikTok's ban in India, Triller had 30 million downloads in one week.

A version of this story first appeared in Inside Business here.

Samsung has unveiled its Galaxy Note 20, which is priced at $1,000. Samsung has decreased the price of flagship phones Galaxy Note (5G enabled) and Galaxy S from $1,300 last year. 

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• Samsung’s Unpacked event, which announced the products Wednesday, was spoiled by a series of leaked videos by Evan Blass. 
• Google announced its Pixel 4a phone last week at $349. It doesn’t have 5G and is launched as a competitor for Apple’s iPhone SE, which launched in April at $399.
• In Q2 2020, Huawei shipped the most smartphones globally with 55.8 million, followed by Samsung with 53.7 million, and finally Apple with 39.9 million.

QUICK HITS 

• A SWAT team served an FBI warrant to Youtuber Jake Paul's home in Calabasas, California today. The warrant was sealed and information about the reason for the raid was not immediately apparent. 
• The state of Virginia announced it launched the first U.S. application to track COVID-19. The app was built through a partnership with Apple and Google and uses contact tracing technology already built into phones. 
• The National Security Agency released a guide on the dangers and risks associated with data and app usage. 
• Quicken Loans parent company Rocket Companies is set to price its IPO at $18.
• Men’s skincare is the latest industry to be disrupted. Read why times have changed.*

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