Here are the headlines you Need2Know for Thursday, February 25, 2021:

COVID-19: LATEST DEVELOPMENTS

Johnson & Johnson’s single-shot vaccine is safe and effective at preventing severe cases of COVID, according to data released by the FDA. The agency is expected to approve that vaccine as soon as Saturday, adding a third jab to the country’s arsenal. It cannot come soon enough. Even with numbers continuing to plummet, California just became the first state to reach 50,000 deaths. In NYC, researchers say they’ve discovered a brand new variant that carries a worrisome mutation that could weaken vaccine efficacy. The CDC has quietly launched an interactive tool called VaccineFinder, with the hope that it will eventually become a one-stop shop for finding approved vaccine providers and available appointments nationwide: BOOKMARK IT

POST OFFICE PROBLEMS

President Biden nominated three appointees to the Postal Service’s board who, if confirmed, would give Democrats the power to push out Louis DeJoy, the current Trump-appointed postmaster general. DeJoy testified to lawmakers for the first time since the election, apologizing for the mail delays during the holidays. Dems have accused him of trying to sabotage the USPS during the mail-in voting period, saying decisions he made to cut service led to holiday delivery delays that are still ongoing. Separately, the agency announced the winning design of its new mail truck, which will hit the road in 2023: SEE IT

LGBT IN AMERICA

About 5.6 percent of American adults identify as LGBT, according to new polling from Gallup, a rise of more than one percentage point since the last time the survey was conducted in 2017. A majority of those people identify as bisexual, with a quarter saying they are gay and about 11-12 percent saying they are lesbian or transgender. The generational breakdown is eye-opening: while just 2 percent of Baby Boomers identify as LGBT, that jumps to 16 percent for Gen Z. GALLUP

ISRAEL OIL SPILL

Israel’s parks authority says it has cleaned 70 tons of tar from the country’s beaches since a massive oil spill last week, but there’s still more than 1,000 tons of the toxic material that has washed up -- and more is expected. It’s especially bad on the rocky northern coastline, which is harder to clean. The culprit of the spill is still unknown, but tests of the washed-up tar should help determine which of about 10 nearby oil tankers was at fault. JPOST

SEMI SHORTAGE

President Biden signed an executive order meant to address the ongoing semiconductor shortage that is impacting industries from automobiles to consumer electronics. Semis -- the microchips that power pretty much every computer or smart device in the world -- were already in short supply before the pandemic due to the U.S. trade war with China. Then COVID created a huge supply chain breakdown as global demand for electronics soared. The North American auto industry has been particularly hard hit, with Ford, GM, Toyota and others forced to halt production due to the shortage. CHEDDAR

DEJA VU

Stop us if you’ve heard this before. Shares of GameStop are up 40 percent this morning after closing up more than 100 percent. Volatility in the stock was so extreme that trading had to be halted twice. To the extent the surge was driven by any news, GameStop announced its CFO was resigning -- reportedly pushed out in the aftermath of last month’s short squeeze. BI

TIGER UPDATE

The car crash that sent Tiger Woods to the hospital was “purely an accident,” police said. Woods is recovering from major orthopedic surgery after he suffered an open fracture to his right leg, which means that the bone broke through the skin. Doctors not associated with his treatment say it’s too early to predict what his recovery will look like, and that the big concern right now is making sure he doesn’t get an infection. According to the officers who arrived on scene, Woods had no idea how badly he was injured. LA TIMES

BRUCE DUI DROPPED

A New Jersey court has dropped the DUI charge against Bruce Springsteen after he pleaded guilty to consuming alcohol in a restricted area and paid a $500 fine. He was arrested back in November in a federal park along the Jersey coast for driving under the influence, but the news didn’t come out until a couple of weeks ago, and the details have remained sketchy. Springsteen’s hometown paper reported that his blood-alcohol level was .02 when he was stopped, well within the legal limit. ASBURY PARK PRESS

SPOTTED...ANIMAL KINGDOM...

...an extremely rare half-male, half-female cardinal. A birder in Pennsylvania snapped the bird known as a bilateral gynandromorph Northern Cardinal with a red-and-brown plumage divided right down the middle: SEE IT 

…an Australian wild sheep named Baarack, getting a much-needed haircut. The shearing yielded 77 lbs. of fleece -- roughly the weight of an adult kangaroo. The animal sanctuary that Baarack calls home says he’s “getting more confident every day”: SEE PIC

LEFTOVER: LANDMARK DIVORCE CASE

A divorce court in Beijing has ordered a man to pay his ex-wife a lump sum of 50,000 yuan (about $8,000) for the housework she did during their five-year marriage. The landmark ruling stems from a new civil code in China. Under the law, a spouse can now seek compensation in divorce for “intangible” responsibilities that they had in the marriage, such as cleaning or childcare. The case has become a flashpoint of debate on Chinese social media, with some saying that the woman is being undercompensated for five years of unpaid labor. BBC

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
Global Consumer Spending in Mobile Apps Reached $133 Billion in 2021, Sensor Tower Says
While people have been spending more time on their phones throughout the pandemic, a new report shows they were also spending more money as well. A review from Sensor Tower on the global app ecosystem this year found that the app economy will see record consumer spending in 2021, up nearly 20% from 2020. Sensor Tower director of sales and financial institutions Anthony Bartolacci joins Cheddar News' Closing Bell to break down the report.
Florida's Seminole Tribe Suspends Online Sports Betting App After Federal Court Ruling
The future of gambling in Florida recently suffered a major setback after a federal appeals court rejected a request from the state and the Seminole Tribe to allow online sports betting in the state. Now, the tribe has been forced to stop taking bets on its Hard Rock sportsbook app. ESPN gaming writer David Purdum joins Cheddar News' Closing Bell to discuss what this could mean for the future of sports betting in Florida.
Web3 Project Tool Thirdweb Raises $5 Million
Web3 software startup Thirdweb has raised $5 million in a funding round, coming from a group of high-profile investors, including Gary Vaynerchuk and Mark Cuban. Thirdweb says it is paving the way for the revolution surrounding the new iteration of the internet known as web3, by offering users free tools to build their own web3 projects. Thirdweb's co-founders Steven Bartlett and Furqan Rydhan join Cheddar News' Closing Bell to discuss.
Coatue and Tiger Global Purchase $100 Million Braintrust Tokens to Seed Decentralized Web3 Talent Network
Decentralized talent network Braintrust recently closed an atypical equity deal that involved investors buying $100 million in Braintrust tokens, the company's cryptocurrency. Braintrust's talent network is built on blockchain technology, which the company says allows it to be owned and built by users, instead of a centrally-controlled corporation. Braintrust users can also earn tokens for their contributions to the network and its growth. Braintrust co-founder Adam Jackson joins Cheddar News' Closing Bell to discuss.
Elon Musk Named Time's Person of the Year for Pioneering Work on Earth — and Beyond
Time magazine has unveiled SpaceX and Tesla CEO Elon Musk as Person of the Year for 2021. Jeffrey Kluger, editor at large for Time, told Cheddar that Musk's impact on so many facets of forward-looking industries like crypto, solar power, electric vehicles, and especially his work on space travel were the reasons behind the selection. "On balance, Musk is performing on so many levels and in so many venues that it was hard not to consider him our Person of the Year," he said. Kluger also noted that the choice is based upon the influence the subject has had, whether good or bad and is not a judgment on its own.
Unpacking Racial Trials in America
The recent verdicts of the Kyle Rittenhouse and Ahmaud Arbery murder trials have put a spotlight on the country's justice system. Experts have pointed to the explicit racial undertones in the high-profile trials, as well as the increased levels of stress that may be felt by communities of color because of the prevalence of these trials. Kailee Scales, CEO of Pencils of Promise and former first managing director of Black Lives Matter Global Network Foundation, joins Cheddar News to discuss.
Load More