These are the headlines you Need2Know:
* **Demonstrators Stop Traffic in Chicago:**
At least 200 people marched down Chicago's Lake Shore Drive on Thursday to protest gun violence. The crowd marched to Wrigley Field before the Cubs game. More than 300 people were killed in Chicago this year – more than any other city in the U.S. For more on this story, [click here](https://www.usatoday.com/story/news/2018/08/02/chicago-protest-rahm-emanuel-wrigley-field-lake-shore-drive/890869002/).
* **The Search for Mollie Tibbetts Continues:**
The University of Iowa student has been missing for two weeks. Tibbetts was last seen in late July at her boyfriend's home in Brooklyn, Iowa. Her parents said they believe their daughter was kidnapped, and they think she is still alive. Tibbetts's family has offered a $172,000 reward. For details, [click here](http://www.chicagotribune.com/news/nationworld/midwest/ct-missing-iowa-student-mollie-tibbetts-20180802-story.html).
* **JUUL Labs Responds to the FDA:**
The largest e-cigarette company in the U.S. responded to concerns Thursday from the FDA that underage teens are abusing the product. JUUL, which produces "flavorful" nicotine pods, acknowledged that teens are using its e-cigarettes, but vowed to address the problem. For the latest, check out [Engadget](https://www.engadget.com/2018/08/02/juul-bluetooth-e-cigs-lock-out-teen-smokers/).
* **Trump Endorses Candidate, Touts Diplomacy Skills:**
President Trump endorsed the Republican Lou Barletta for state Senate on Thursday at a rally in Wilkes-Barre, Penn. Trump quickly changed the subject to diplomacy, citing his dealings with North Korea and asking the crowd, “What ever happened to diplomacy?” For more on the rally, check out the [Washington Post](https://www.washingtonpost.com/politics/in-pennsylvania-trump-tries-to-rally-supporters-behind-gop-senate-candidate/2018/08/02/260175bc-9662-11e8-810c-5fa705927d54_story.html?utm_term=.bf1aad18ce29).
Cheddar's Jill Wagner gets into the latest.
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The Supreme Court will be hearing arguments in Dobbs v. Jackson Women's Health on Wednesday over a Mississippi law banning abortions after 15 weeks. Jimmy Hoover, the Supreme Court editor-at-large for Law360, joined Cheddar to break down the momentous legal fight. "This is the biggest abortion case at the Supreme Court in 30 years," he said. "It is a … a direct challenge to Roe v. Wade."
Matt Peron, Director of Research at Janus Henderson Investors, joins Cheddar News' Closing Bell, where he breaks down the factors leading to today's market slide and says there's more to it than Fed Chair Jerome Powell's comments about speeding up tapering efforts.
Walmart CEO Dough McMillon praised the Biden administration's efforts to ease supply chain constraints after the company saw a 26 percent jump in shipments over the last month. President Joe Biden had announced back in October that California ports would operate on a 24/7 basis.
Jill and Carlo cover the latest developments with the Omicron variant that are spooking markets once again. Twitter's @Jack is leaving, SCOTUS takes up abortion rights and the world has a brand new republic.
The Biden Administration is set to buy 10 million courses of Pfizer's Covid pill if it gains emergency use authorization from the FDA. With this purchase, the U.S. will receive more than 13 million courses of antiviral pills aimed at treating Covid and reducing severe illness and death. Pfizer's pill has been shown to reduce risk of hospitalization and death by 89 percent, proving it could be a key tool in the fight against the pandemic. Dr. Soumi Eachempati, Co-Founder, CEO & CMO of Cleared4, joined Cheddar News to discuss.
The Build Back Better Act has been at the center of endless negotiations and debate, ultimately landing as a nearly $1.8 trillion plan. One of the highlights is $170 billion dollars for affordable housing, making history as the largest investment in the sector to date. Eliza Collins, politics reporter for The Wall Street Journal, joins Cheddar News to break down the bill.
The Biden Administration is releasing 50 million barrels of oil from the U.S. oil reserves in hopes of easing soaring gas prices. Vijay Vaitheeswaran, Global Energy and Climate Innovation Editor at the Economist, joined Cheddar to discuss.
