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
Google Releases 2021 'Year in Search' Trends List
If you were wondering what the most popular trends on Google were after a rollercoaster 2021, the search giant has released its annual trending list. Sports, politics, and "Squid Game" dominated the U.S. and global trends this year.
'Cool Beans' Looks to Innovate the Plant-Based Burrito Market
Research finds that the market for plant-based foods is worth $7 billion, but a lot of the plant-based and vegan options on our shelves aren't as healthy as they seem. Enter 'Cool Beans.' Tyler Mayoras joins Cheddar Innovates to talk about his whole-food, plant-based burrito brand.
12 Terms of 2021: 'To the Moon'
What was everyone talking about his year? In the spirit of the holidays, Cheddar presents the 12 days of the top terms we were saying, screaming, texting, and posting this year. So, we can all remember what there is to celebrate and how far we've all come.
Trial Watch, Partygate & Fleeting Fame
A packed Thursday pod: Carlo and Baker cover the latest developments in the Ghislaine Maxwell, Jussie Smollett and Elizabeth Holmes trials. Plus, Dems are losing the Hispanic vote, Boris Johnson in trouble again, and is it possible that Adele has peaked?
Attack Surface Management Startup CyCognito Raises $100 Million
Attack surface management startup CyCognito recently raised $100 million in its latest funding round, valuing the company at $800 million. CyCognito offers cyber security through its attack surface scanner, which uses artificial intelligence to identify weak spots in an organization's network. The new funding comes as companies around the world continue to add new defenses to the growing rise of cyber threats and attacks. CyCognito co-founder and CEO Rob Gurzeev joins Cheddar News' Closing Bell to discuss.
Kanye West 'Free Larry Hoover' Concert to Stream on Amazon and IMAX
Ye, formerly known as Kanye, is gearing up to headline his first show in more than five years at the 'Free Larry Hoover' benefit concert in Los Angeles alongside Drake. For fans not able to snag tickets or a flight to LA, the concert will stream live, Dec. 9, on Amazon platforms and in select IMAX theaters.
FastAF Closes Series A Funding at $200 Million Valuation
Fast AF, a premiere quick commerce retailer for products and brands just announced the close of its Series A investment round. That round puts the value of the company at $200 million. The company gets items to customers ranging from masks to sneakers and is now launching its own in-house delivery service. Lee Hnetinka, founder and CEO of FastAF joins Cheddar News to discuss the announcement.
Load More