Here are the headlines you Need2Know for Thursday, May 20, 2021:

HAVE VAX, WILL TRAVEL

If you’ve been jonesing for a European vacation, you can finally pull the trigger. The EU has approved a plan to reopen borders to fully vaccinated travelers and anyone coming from “COVID safe” countries. The plan is expected to be formalized and implemented by all 27 member states officially next week, just in time for summer. Children who are too young to be eligible for vaccination can travel, but they will have to show a negative PCR test. Anyone coming back into the U.S. will still need to show a negative test, regardless of vaccination status. Meanwhile the White House is said to be considering easing the strict restrictions that bar a lot of the world from coming into the country. NBC NEWS

GAZA CONFLICT

There are some early signs that the fighting between Israel and Hamas may be easing amid international calls for a ceasefire. Both sides have halted fire for several hours, though it’s unclear if the lull was part of an agreement. Israeli media is reporting that the military believes it has achieved most of its goals. Earlier, the White House said President Biden told Benjamin Netanyahu that he “expected a significant de-escalation,” while Germany and France also added to the calls for a ceasefire. GUARDIAN

TEXAS ABORTION LAW

Texas now has some of the most severe abortion restrictions in the country after Gov. Greg Abbott signed a bill into law that prohibits abortions as early as six weeks -- two weeks after a missed period and before many women know they are pregnant -- with no exceptions for rape or incest. Private citizens can also sue abortion providers for “aiding and abetting” any woman who violates the ban. Abortion advocates have vowed to fight the “heartbeat bill” in the courts. TEXAS TRIB

DROUGHT WATCH

The American West is staring down the barrel of a very worrisome summer. The entire western half of the U.S. is in some state of drought. Lake Mead is so low that Arizona and New Mexico are considering unprecedented moves to ration water so it doesn’t impact electricity production at the Hoover Dam. There have already been significant fires in California, New Mexico, and Arizona -- very unusual for this early in the year. Officials say this year’s fire season, which is turning into less of a “season” and more of a constant state of being, could eclipse last year’s record of 10 million acres burned. NY TIMES

CRYPTO CRASH

Cryptocurrencies crashed back to Earth during a frenzied sell-off that hit all corners of the market. Bitcoin fell as much as 30 percent, touching $30,000 before making up much of its losses; Ether fell as much as 40 percent; Doge was down as much as 20 percent. The drop came after China banned financial institutions from participating in any crypto-related business -- a move that was widely expected but still jolted traders and even spread to the stock market. CHEDDAR

PIPELINE RANSOM

The CEO of Colonial Pipeline has acknowledged for the first time that he paid the ransom to hackers holding its fuel pipeline hostage. Joseph Blount told the Wall Street Journal that he made the decision to pay the $4.4 million bounty on the same day the pipeline was hit with a ransomware attack, saying the debilitating impact of a multi-day shutdown of East Coast energy infrastructure gave him no other option. The FBI has long advised companies not to pay hackers, but many conclude that they don’t have a choice. WSJ

LEBRON V. CURRY 

The defending champion Lakers punched their ticket to the playoffs on a buzzer-beating 3-pointer from LeBron James. The Lakers outplayed Steph Curry and the Warriors, who now face an elimination game tomorrow night against Memphis. L.A. will face Phoenix in Round 1. ESPN

FESTIVALPALOOZA

The summer festival season is coming back with a vengeance. Lollapalooza released its lineup, featuring Megan Thee Stallion and Foo Fighters headlining the three-day event in Chicago’s Grant Park in late July. Lolla will be held at full capacity provided attendees show proof of vaccination or negative COVID test. Across the pond, organizers got approval to put on a one-day festival at the Glastonbury site in September that they’re calling Equinox. Pitchfork, Summerfest, Bonnaroo, Firefly, Electric Zoo and Gov Ball are among the other big festivals planning to open the gates after a year’s pause. CHICAGO TRIB

SPOTTED...

…the first photos sent back from China’s Mars rover, Zhurong, after it successfully landed last weekend. Between Zhurong and NASA’s Perseverance both trawling the planet, Mars is more crowded than it’s ever been -- at least that we know of: SEE IT

...Billy Porter, speaking out publicly for the first time about living with HIV in an interview with The Hollywood Reporter: READ IT

...the cast of Friends, on the cover of People magazine to promote the upcoming reunion special on HBO MAX. A new trailer dropped, too: WATCH

LEFTOVERS: 'PRECIOUS CARGO'

A school bus driver in South Carolina is crediting his “precious cargo” of 18 elementary schoolers for foiling a hijacking without anyone getting hurt. A man with a rifle boarded Kenneth Corbin’s bus, looking for a ride to the next town 20 miles away, but only made it six minutes until he gave up in frustration when the kindergarteners on board wouldn’t stop asking him questions. Corbin said the hijacker became so exasperated he pulled over and let everyone off. Corbin -- and the kids -- are being hailed as heroes. GMA

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
M&M Candy Characters to Get Brand New, More Inclusive Look and Feel
M&M's is rebranding its iconic chocolate candy characters with new looks and storylines highlighting the "progressive world" we live in today. Jane Hwang, global vice president of M&M's, joined Cheddar to talk about the company's rebrand. "M&M's is on a mission to create a world where everyone feels they belong," she said. The multi-colored, anthropomorphized candies will be getting an updated look and tone, according to Hwang, such as Green receiving a makeover that reflects more female empowerment and confidence.
Dept. Of Agriculture 10-Year Plan To Combat Wildfires
The Department of Agriculture has officially unveiled its plan to fight catastrophic wildfires that have devastated parts of the West in the last few years. The department, along with the Forest Service will work to significantly increase fuels and forest health treatments to address the escalating crisis of wildfire danger. Executive Editor of Cipher, a publication by Breakthrough Energy, Amy Harder, joined Cheddar to discuss more.
Crypto Related Job Postings Skyrocketed In 2021
A new report out on Linkedin says that Crypto-related job postings in the US surged to 395% between 2020 and 2021. Job titles which included titles containing "Bitcoin", "Ethereum", "Blockchain", and cryptocurrency, all outpaced jobs in the wider tech industry which saw a 98% increase in listings during the same time period. LinkedIn also notes that the most common crypto job postings were blockchain developers and engineers. CEO of Radkl, Ryan Sheftel, joined Cheddar to discuss more.
Study Finds Cannabis Compounds Prevent Cellular Infection by COVID-19 Virus
A new study has been causing a lot of buzz in the cannabis industry. Researchers from Oregon State University found that compounds in cannabis could prevent infection with COVID-19, but that doesn't mean smoking marijuana prevents people from getting infected. CV Sciences medical advisor Dr. Michael Lewis joined Cheddar News' Closing Bell to discuss.
BigPanda Raises $190 Million in Funding at $1.2 Billion Valuation
Software company BigPanda recently raised $190 million in Series D funding, led by Advent International and Insight Partners. The funding round gives the company unicorn status with a $1.2 billion valuation. BigPanda develops A.I. software that detects and analyzes problems in I.T. systems. The company says it aims to be the solution for other companies that do not have enough manpower to manage their data, as more and more industries continue to build a broader digital presence. BigPanda co-founder and CEO Assaf Resnick joined Cheddar News' Closing Bell to discuss.
Why the 'Great Resignation' is Actually the Great American Burnout
We've all seen the headlines about a record number of Americans quitting their jobs in what's become known as the Great Resignation. However, new data on why people are leaving the workforce in droves suggests the bigger headline is Americans are simply burned out. Stephanie Aston, CEO of Black Girl Group, joined Cheddar News to break down why so many employees have reached their breaking points and what employers can do about it.
Thrive Market Offers Healthy and Sustainable Products at Wholesale Prices
Thrive Market is a health-first membership for conscious living, with a mission to make healthy and sustainable living easy and accessible. Nick Green, CEO and co-founder, chatted with Cheddar's Baker Machado about the company's approach and new ventures in 2022. "I grew up outside of Minneapolis, middle class, middle America, and really saw firsthand how hard my mom had to work to put healthy food on the table, on a budget, without a health food store nearby," he said. "Twenty-some years later we looked around and just thought it was crazy that millions of Americans are still struggling with the same thing, and we decided to change it." Recently the brand released a line of organic frozen products and will be introducing new beauty and home brands.
Load More