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
Google and T-Pain Promote Black Owned Friday in Shoppable Film for the Holidays
Rapper and singer T-Pain is teaming up with Google this holiday season to encourage shoppers to support Black-owned businesses on Black Friday. Stephanie Horton, the director of marketing for Google Shopping, joined Cheddar to provide some details about T-Pain's new song, featuring Normani, in a new shoppable interactive film for the promotion. She also explained how Google worked with local artists in various states to create shoppable murals, where products seen in the artwork are discoverable online by simply pointing your camera at it.
Card Trading Platform Alt Raises $75 Million With Plans to Expand into NFTs
Alternative asset, sports cards-focused platform Alt recently raised $75 million in a Series B round. Alt's platform lets users research, trade, and securely store sports cards and other high-value assets. Right now, the company has more than $70 million worth of cards in its vault. The company is also hoping to get into other assets, including NFTs. Alt CEO Leore Avidar joins Cheddar News' Closing Bell to discuss.
Roku to Compete on Original Content, Announcing Plans for 50-Plus Shows
Streaming platform Roku announced plans to develop more than 50 original shows in a bid to become a destination for free content amid growing competition in the space. Shelly Kramer, co-founder and lead analyst at Futurum Research, spoke to Cheddar about the new offering "The transition here from hardware to adding a software component by way of original content, I think is smart," she said. "And it's all about the Benjamins." Kramer also noted that she doesn't necessarily think Roku is entering the content game too late.
Religion of Sports CEO on 'Man in the Arena: Tom Brady' Doc and Why Sports Matter
Ameeth Sankaran, CEO of the emmy-winning media company Religion of Sports, joined Cheddar to talk about the "Man in the Arena: Tom Brady" docuseries that premiered on ESPN+ earlier this week. Sankaran noted Brady and former NFL star Michael Strahan as co-founders and discussed the origin of the company and its goal to tell stories about sports figures beyond their roles on the court or field.
HBO's Origin Story 'Tinderbox: HBO's Ruthless Pursuit of New Frontiers'
The behind-the-scenes story of HBO's history is chronicled in the new book 'Tinderbox: HBO's Ruthless Pursuit of New Frontiers.' The book tells the true story of how HBO came to dominate the television industry as we know it. The man behind the book has interviewed over 700 key sources to uncover a bottomless trove of secrets, surprises, and never before heard stories. James Andrew Miller joins Cheddar News to share more.
'I AM KOBE From Diversion Podcasts' Features Never-Before-Heard Bryant Tapes
In an all-new podcast, one sports journalist takes listeners through never-before-heard tapes of a teenage Kobe Bryant as he explores his thoughts, his dreams, his goals at the start of his path to becoming an NBA icon. Journalist at the Philadelphia Inquirer and host of the podcast, "I Am Kobe" from Diversion Podcasts Mike Sielski, joined Cheddar to discuss more.
The Future of Blockchain, Bitcoin, and Crypto
As the world of trading in cryptocurrency gets more popular experts say competition in the space could get bigger within the next year. CEO of Onramp Invest Tyrone Ross, joined Cheddar to discuss more.
Load More