The 7 stories PR pros need to know on Monday morning, 8.24.2015

Global markets drop again; Biden now leaning towards a 2016 run; Chris Carter apologizes for "fall guy" comments; Mondelez CEO says she's quickly cutting costs; Chipotle plans 4,000 hires on September 9; Tom Brady, Stephen Curry star in Under Armour campaign; Canadian law firms sue Ashley Madison.

1. Global markets took another nosedive on Monday morning after a significant sell-off in China and further doubts about the Chinese economy and other emerging markets. The Dow Jones dropped 531 points on Friday, its largest decrease since 2011. What to look for as US markets open Monday morning.

2. Vice President Joe Biden is leaning towards a White House run, according to The Wall Street Journal. More key Democrats are warming to another Biden run, although those with ties to the White House are split on the prospect. The Motion Picture Association of America’s top comms official, Kate Bedingfield, became Biden’s communications director on Monday.

3. Former football star Chris Carter apologized for telling a 2014 symposium of NFL rookies to find a "fall guy" in case they ran into off-the-field trouble. The recording of Carter resurfaced after it was referenced during an ESPN Outside the Lines episode on retired 49ers linebacker Chris Borland.

4. Mondelez CEO Irene Rosenfeld is defending her moves to cut costs at the food products company from activist investors who say she could do more.

5. Chipotle is planning to hire 4,000 employees on one day next month, demonstrating how the fast-food sector is competing for talent. The chain is emphasizing to prospective hires that they could earn six-figure salaries working at the company.

6. Tom Brady is a part of Under Armour’s latest campaign push, despite facing a four-game suspension over "Deflategate." The campaign also includes basketball star Stephen Curry and ballet standout Misty Copeland.

7. Two Canadian law firms have filed a $578 million class action lawsuit against Ashley Madison on behalf of the 39 million users of the site who had personal information leaked by hackers. An earlier $5 million class action suit was filed against the site last month in Missouri.

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