Get the Need2Know newsletter in your inbox every morning! Sign up here!

Here are the headlines you Need2Know for Friday, November 8, 2021:

BIDEN'S INFRASTRUCTURE VICTORY

President Biden won a major legislative victory that has eluded past presidents in both parties: the passage of a $1.2 trillion bipartisan infrastructure bill. Thirteen Republicans joined the majority of Democrats in the House to pass the bill after it was approved by the Senate. The White House plans a signing ceremony when Congress is back from recess. The legislation includes billions for roads and bridges, broadband access, replacing lead pipes, climate sustainability and more projects in all 50 states. Biden says Americans should start to feel the impacts of the bill in as little as two to three months. POLITICO

COVID PILLS COMING

Pfizer is expected to submit its antiviral Covid pill to the FDA for approval in the coming days, after the company released data on Friday showing it was remarkably effective. Paxlovir, as the treatment is being branded, cut the risk of hospitalizations for high-risk patients by 90% in trials when taken in combination with an old HIV drug. That would be even better than Merck’s antiviral pill, which is currently in front of regulators. Former FDA chief Scott Gottlieb said the Covid pills, if approved, mean the end of the pandemic is “in sight” for the U.S. AP

ASTROWORLD CROWD CRUSH

Two investigations have been launched into Friday night’s Astroworld music festival in Houston, where eight young people were killed when fans were crushed against the stage. The rapper Travis Scott had just started his headlining set when the crowd crush began, and he is facing questions over why he continued to perform as first responders were in the midst of dealing with the mass casualty event. Scott and his girlfriend Kylie Jenner say they were unaware of the severity of what was happening until later. The Houston police are also investigating reports that someone in the crowd was injecting people with drugs after several concertgoers had to be revived with Narcan. HOUSTON CHRON

ASSASSINATION ATTEMPT BY DRONE

The prime minister of Iraq survived a brazen assassination attempt over the weekend when a drone packed with explosives targeted his house in Baghdad while he was sleeping. Prime Minister Mustafa Al-Khadhimi was not injured, though seven of his security staffers were. No one has claimed responsibility for the attempted assassination. CNN

BACK TO BUSINESS

The U.S. reopens for fully vaccinated international travelers today, ending a 20-month travel ban that has kept foreign tourists largely out of the country. The major airlines are seeing huge increases in bookings and expect completely full international flights for at least the next few weeks, as they scale up their schedules. The southern border is also bracing for long lines of travelers coming in by car. YAHOO FINANCE

RIVIAN IPO

Another red-hot electric carmaker is going public this week, and the IPO is expected to be a monster. Rivian has raised the offer price for its shares, aiming for a valuation of about $70 billion and signaling high interest from investors looking for an EV pure-play that isn’t Tesla. The biggest winners from the Rivian IPO are likely to be Amazon and Ford, which both own significant stakes in the company. INSIDE EVS

PACKERS LOSE

The Green Bay Packers couldn't get it done without Aaron Rodgers at the helm, falling to the Kansas City Chiefs, 13-7. Rodgers was out on Covid protocol after he tested positive last week. He explained his decision not to get vaccinated in a radio show interview in which Rodgers said he had consulted with Joe Rogan, claimed to be allergic to the mRNA vaccines, worried about fertility issues, misquoted MLK and used the “my body, my choice” defense. FOX’s pregame show tore into Rodgers, with Terry Bradshaw calling him a liar. YAHOO SPORTS

BOX OFFICE

The Marvel Cinematic Universe still has some juice left in it. Eternals beat the global box office openings of both Black Widow and Shang-Chi, bringing in $162 million worldwide in its opening weekend. That’s the second best opening of the pandemic for a Hollywood blockbuster. Fans came out for the latest installment in the MCU despite the obscure characters, bad reviews and mediocre audience scores. DEADLINE

SPOTTED...

...the USNS Harvey Milk, named after the slain gay rights leader, making its debut as the newest addition to the Navy’s fleet: SEE IT

…Dionne Warwick, dropping by SNL to sing “What the World Needs Now” with her cast double, Ego Nwodim: WATCH

...Vin Diesel, issuing a public plea for Dwayne Johnson to “fulfill your destiny” by returning for Fast & Furious 10: SEE POST

LEFTOVERS: MARATHON WOMEN 

Shalane Flanagan saved the best for last in her grueling quest to run all of the world’s major marathons in six weeks. The retired American long-distance runner completed the NYC Marathon in 2:33:32, her best time of any race. She has now succeeded in her goal of running all six marathons in under three hours. Meanwhile, the Olympic medalist Molly Seidel broke the record for fastest time by an American woman in New York, and she did it with a “couple” broken ribs. RUNNER'S WORLD

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
AT&T Investors Digest WarnerMedia Spinoff Merger With Discovery for $43 Billion
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
Energy Storage Solutions Company Leclanché Powers EV Fleets to Reduce Emissisions
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
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.
Load More