Here are the headlines you Need2Know for Thursday, July 1, 2021:

COSBY FREED

Bill Cosby is a free man after the Pennsylvania Supreme Court overturned his sexual assault conviction. The decision was not expected; the court ruled that Cosby was denied his Fifth Amendment right against self-incrimination when an earlier prosecutor agreed not to charge him, though that agreement apparently was never put into writing. The 83-year-old comic had served about three years of a three-to-10 year sentence for drugging and assaulting Andrea Constand in 2004, one of 60 women who had publicly accused him of rape or sexual misconduct over the years.  NBC NEWS

CONDO COLLAPSE LATEST

President Biden will visit the rescue operation underway in Surfside, Fla. today, where crews pulled the bodies of two children from the rubble as the death toll reached 18. Reinforcements from across the country are coming in to help relieve some of the first responders who have been working nonstop, at least one of whom has been hospitalized with exhaustion. Newly surfaced video taken by a passerby moments before the Champlain Towers South building collapsed shows water pouring from the roof of the parking garage and debris falling on the ground: SEE IT

DONALD RUMSFELD: 1932-2021

Donald Rumsfeld, the consequential -- and controversial -- defense secretary to two presidents, has died. Rumsfeld ran the Pentagon in the Ford administration and then came back to the job under President George W. Bush, where he oversaw the War on Terror and invasions of Afghanistan and Iraq before he was pushed out in 2006. Rumsfeld was 88. OBIT

CAPITOL RIOT COMMITTEE

The House will form a select committee to investigate the Jan. 6 Capitol riot after voting nearly along party lines to establish the slimmed-down panel, which will be controlled by Democrats. House Republicans will have a say in choosing five of the 13 members in consultation with Speaker Pelosi. She’s reportedly considering picking a Republican like Rep. Liz Cheney to fill one of the other eight slots. POLITICO

THE UBER OF CHINA

Didi, the ‘Uber of China’, is now a publicly traded company in the U.S. Didi went public in the biggest IPO by a Chinese company since Alibaba made a splash in 2014. To give a sense of how big Didi is, the platform boasts more active users than there are people in the United States. Uber sold its business in China to Didi five years ago in exchange for a stake in the company -- that stake is now worth more than $8 billion. CHEDDAR

APPLE'S STREAMING TEST

The free ride you may have been enjoying with Apple TV+ is coming to an end -- or at least, it’s being shortened. As of today, customers who buy new Apple devices will only get three months of the streaming service thrown in, instead of the year that has been the norm. Also this month, the first people to activate that promotional offer when it started back in Sept. 2019 will start getting billed $5 a month, after that promo was extended twice. Nearly two-thirds of Apple TV+ subscribers are getting the service for free through promotions, according to an industry survey taken earlier this year. STREAMABLE

GAME CHANGER

Every NCAA athlete in America will be able to earn money from endorsements and other ventures as of today. The NCAA Division I board adopted a rule to temporarily suspend the policy against student athletes profiting off their name, image and likeness. The change comes as several states have their own ‘NIL’ policies going into effect today, and the NCAA says it’s working with Congress on legislation that would make the guidelines permanent. Here’s a list of some of the big-name athletes who are favorites to cash in: ACTION NETWORK

ALLISON MACK TO JAIL

Former Smallville actress Allison Mack has been sentenced to three years in federal prison for her role as a leader of the NXIVM self-help group/alleged sex cult. Mack had pleaded guilty to racketeering and conspiracy charges and faced up to 40 years behind bars. Prosecutors recommended a more lenient sentence because Mack cooperated with the government. PEOPLE

SPOTTED...

...the most expensive home in Washington D.C., on the market for $18.5 million. Philanthropist owner Adrienne Arsht told Politico she needed to sell the Beaux Arts mansion because it was too small to fit a full orchestra: SEE THE LISTING

...a flying car prototype, making the first ever flight between two cities before turning back into a sports car. The AirCar requires a runway to take off, unlike the drone-taxis that are also in development: WATCH IT

LEFTOVERS: OLYMPIAN MOMS

Olympic organizers reversed course and will now allow breastfeeding athletes to bring their young children along with them to Tokyo. The reversal comes after several Olympians, including Canada’s Kim Gaucher and the U.S. soccer star Alex Morgan, said they felt they were being forced between being mothers and competing in the Games. Nursing mothers and their babies will stay at approved hotels outside the Olympic Village. TODAY

Listen to the N2K Podcast! Looking for more context and analysis on the big stories of the day? Check out our podcast! Hosts Jill and Carlo break down the headlines, every weekday morning Listen on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Culture
Amazon Funds Amogy to Commercialize Ammonia-Powered Cargo-Shipping Vessels, Decarbonize Transportation
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
FedEx Announces Student Ambassador Program With Historically Black Colleges & Universities
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
'Sing 2' Takes Top Spot From 'Spider-Man' at UK Box Office
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
First Black CEO of Big Brothers Big Sisters of America on Empowering Youth With NFL
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
Supreme Court To Hear Challenge To Affirmative Action
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
Crypto Prices Plummet, Wiping Out $1 Trillion In Global Value
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Streaming Giants Struggle to Retain Subscribers Following Big Releases
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release. According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.
EU Relaxes Travel Restrictions Within Bloc
The EU relaxed its Covid travel restrictions for vaccinated individuals among the union's 27 member states, doing away with testing or quarantine requirements for travelers. This comes soon after the World Health Organization said the omicron variant could help make the pandemic more manageable. The new rules take effect February 1st. Bryce Conway, Founder, 10xTravel joined Cheddar's Opening Bell to discuss.
China Blocking Off Scenes From Hollywood Films
If you're in China you may have noticed that the 1999 film "Fight Club" which features Brad Pitt has somehow got itself a new ending. In the new ending on the streaming service Tencent, the narrator is killed and the explosions are replaced with a black screen saying "the police arrested criminals".It's unclear as to exactly why the changes were made. However, it is the latest example of China playing by its own rules when it comes to entertainment and attempting to control everything its citizens watch. Media Reporter at Axios, Sarah Fisher, joined Cheddar to discuss more.
Load More