Here are the headlines you Need2Know for Thursday, June 3, 2021:

PANDEMIC STATUS UPDATE

MONTH OF ACTION: President Biden declared June a “national month of action” when it comes to the coronavirus pandemic. As part of his push to get 70% of Americans at least partially vaccinated by July 4th, the White House laid out new incentives like free food delivery and groceries, airline tickets and Xboxes. Overall cases are still trending lower, with 20,000 new daily infections reported on Tuesday. WASHINGTON POST

VARIANTS: Meanwhile, the B.1.617.2 variant originally discovered in India has already spread to more than 60 countries, including the United States. This variant is particularly worrisome because it may be the most transmissible variant yet. NY MAG

HACK ATTACKS

NYC SUBWAY: Hackers with suspected ties to China breached the New York City transit system in April, although officials say there was no risk to riders or customer info. NBC NEW YORK

MEAT PROCESSING PLANT: The beef and pork producer JBS USA is trying to get back up and running after a cyberattack last weekend, which forced shutdowns at plants in North America and Australia. The White House says Russia was likely behind the attack. Experts say it could cause a supply crunch, sending the price of meat higher. CNN

DR. FAUCI EMAILS

Thousands of pages of Dr. Fauci’s emails obtained by BuzzFeed News from early 2020 provide a glimpse into how he tried to develop an effective strategy to fight the pandemic amid conflicts with the Trump administration. The emails cover the period from January to June of 2020. BUZZFEEDNEWS

NEW ISRAELI GOVERNMENT (MAYBE)

A diverse group of opposition lawmakers have reached a power-sharing government to oust Israeli Prime Minister Benjamin Netanyahu from office for the first time in 12 years. The coalition includes everyone from an Arab Islamist party to secular Jews to religious nationalists. Under the deal, Centrist lawmaker Yair Lapid and one-time Netanyahu ally Naftali Bennett will take turns as prime minister. Lapid said, "The government will do everything it can to unite every part of Israeli society.” Israeli Parliament still needs to approve the deal. NBC NEWS

MEDINA SPIRIT TESTS POSITIVE… AGAIN

Kentucky Derby winner Medina Spirit failed a second drug test, potentially disqualifying him from the Derby and elevating second-place winner Mandaloun. Churchill Downs has also suspended famed trainer Bob Baffert for two years. Baffert’s attorney says additional testing is being done to trace the source of the steroid, which they say came from an ointment to treat a skin infection. NY TIMES

VENUS EXPLORATION

NASA is launching two scientific missions to study Venus, between 2028 and 2030. Venus is Earth’s so-called sister planet, and our closest planetary neighbor, but it has a thick, toxic atmosphere and temperatures that reach 800 degrees. NASA hasn’t explored Venus in over 30 years, and has been giving more attention to Mars. REUTERS

MEME STOCK 2.0

Shares of theater chain AMC continued their record rally, doubling in price on Wednesday with help from retail investors on Reddit. AMC CEO Adam Aron offered even the smallest shareholder a free large popcorn if they signed up to a regular newsletter. The #WallStreetBets Reddit thread is also boosting some other meme stocks: Just yesterday, BlackBerry shares jumped 31%, Koss Corp shares rose about 70%, and Bed, Bath and Beyond rose 41%. CHEDDAR

RENT THE RUNWAY GOES RESALE

Rent the Runway is getting into the resale business. Customers will soon be able to buy gently used clothes and accessories from the site, in addition to renting items, without having a Rent the Runway membership. The company is looking to rebuild its business, which took a big hit during the pandemic when people stopped spending money on clothes for weddings, vacations and other events. CNBC

“COACH K” RETIRING

Legendary Duke coach Mike Krzyzewski has decided to retire after the upcoming 2021-22 basketball season. “Coach K” is 74 years old, and took over Duke’s basketball program ahead of the 1980-81 season. He’s the winningest coach in college basketball history, and has led Duke to five NCAA Tournament victories and 12 Final Four appearances. He’s expected to be replaced by Duke assistant and former player Jon Scheyer. CBS SPORTS

LEFTOVERS

An Italian artist sold an invisible sculpture at auction for $18,000. The buyer will receive a certificate of authentication signed by the artist, but the sculpture itself is "immaterial," meaning that it does not actually exist. The artist, Salvatore Garau, has reportedly instructed the buyer to display the sculpture in an area that is about 5 ft. long by 5 ft. wide. NEWSWEEK

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
Outlines Raises $1 Million in Pre-Seed Funding & Unveils Flagship Product, The Shower Liner System
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
NCAA Updates Policy For Transgender Student Athletes
The NCAA has updated its policy on transgender athletes, allowing each sport’s national governing body to make its own decisions for transgender participation. The new rule is in line with recent changes from the U.S. and International Olympic and Paralympic Committees. Joanna Hoffman, communications director of Athlete Ally, joined Cheddar News to discuss the potential impact of the new rule on the transgender community.
Will Forte to Host SNL With Musical Guest Måneskin
"Saturday Night Live" alum Will Forte is hosting the late-night comedy show this weekend alongside musical guest, Måneskin. Forte, who spent a decade working on the iconic NBC show, is currently starring in "MacGruber," the SNL-sketch-turned-movie that is now streaming on Peacock as a tv series.
TikTok to Test Paid Subscription Model on Its Platform
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
Boise City Sees Fastest U.S. Job Opening Growth According To Indeed
If you are looking for a new job, you might want to start looking in a different city. A new report from indeed reveals how certain metro areas are seeing faster growth in job openings than others. Economist at Indeed Hiring Lab AnnElizabeth Konkel, joined Cheddar to discuss more.
Why Netflix Stock Is Taking a Beating Despite Q4 Earnings Beat
Netflix beat its earnings projections for Q4 — but the stock still plummeted as the streaming pioneer cut back on its forecast for future subscribers. Michael Robinson, the chief technology strategist at Money Map Press, joined Cheddar to discuss the report and what's driving the downward pressure on its shares. "It's the growth is really what's worrying people," he said. "'A' we have slowing economic growth, and 'B' we've got slowing growth for this company, as 'C' we have an increase in competition."
Load More