Here are the headlines you Need2Know for Tuesday, May 11, 2021:

JERUSALEM VIOLENCE

Weeks of tensions in Jerusalem exploded into violence between Israelis and Palestinians, with Israeli security forces launching airstrikes on Gaza that killed at least 24 people, including children, according to Gaza officials. The majority of the dead were militants, Israel said. The airstrikes happened after Hamas fired more than 100 rockets at Israel, injuring six Israeli civilians. Prior to the exchange of fire, Israeli police clashed with Palestinian protesters at the Al-Aqsa Mosque in Jerusalem. More than 700 Palestinians were hurt in that confrontation, as were 30 police officers. AP

COVID-19: LATEST DEVELOPMENTS

The FDA has approved Pfizer’s vaccine for kids aged 12 to 15. Once the CDC meets gives the go-ahead, vaccinations for adolescents could begin immediately and help speed the return to classrooms in the fall. Pfizer’s clinical trials showed that the vaccine appears to be even more effective for the 12-15 group than it is for adults. Side effects were comparable to what’s been seen in older groups, though fevers were slightly more common. CNN

TRANS PROTECTIONS

The Biden administration will restore federal protections for transgender people in healthcare, reversing a Trump-era policy that defined sex as “gender assigned at birth,” and had the effect of excluding transgender Americans from protection under the law when it came to their medical care. That rule was blocked in court, so Biden’s reversal essentially restores an Obama-era policy. Some conservatives warn the change could require doctors to perform gender reassignment surgery even if it goes against their professional judgment. AP

BABY BUST

China is the latest country to report a notable fertility slump, made even more notable given the country’s once-booming population growth. According to census data, the Chinese population grew by just 72 million in the last decade and its annual growth rate is approaching zero. Six years after Beijing ended its one-child policy, there are still not enough babies being born to replace China’s rapidly aging population. Nearly 20 percent of the country is now aged 60 and above. SCMP

CORN POPS

The price of corn is near an 8-year high, with a bushel costing twice as much as it did this time last year thanks to huge demand from China and a drought in Latin America. That’s good news for farmers in the Midwest, but potentially bad news for just about everyone else. Corn is a key ingredient in everything from gasoline to Coke, and the price increase is likely to trickle down to the pump and the supermarket before long. WSJ

PIPELINE HACKERS

The hacking group believed to be behind the ransomware attack on a major gasoline pipeline wants people to know that it didn’t mean to knock half the East Coast’s fuel offline. The DarkSide group, confirmed by the FBI to be the main suspect in the cyberattack, posted on the dark web that it’s really more of a “ransomware-as-a-service” operation that sells its malware to the highest bidder, and “didn’t mean to create problems.” The group said it plans to do a better job vetting its customers and affiliates going forward. BLOOMBERG

NFL COMEBACK

Tim Tebow is reportedly signing a one-year deal with the Jacksonville Jaguars that will bring the 2007 Heisman winner back to football after a six-year hiatus. The Jags are expected to sign Tebow as a tight end, not a quarterback. Tebow will be reunited with Urban Meyer, who coached him at Florida and now runs the Jacksonville franchise. ESPN

GLOBES CANCELLED

Next year’s Golden Globes are probably off after NBC said it would not air the awards show over the various scandals surrounding the Hollywood Foreign Press Association. The HFPA has been embroiled in controversy for months surrounding its questionable financial practices (lavish junket trips) and lack of diversity (not one of its 87 members is Black). The group released a plan last week to reform itself, but several major Hollywood players like Netflix and Warner Bros. said they’d boycott the Globes until it was clear real change is coming, and now NBC has all but ensured the show is off for at least a year. VARIETY

SPOTTED...

...Leonardo DiCaprio, in the first photo released from the new Scorsese film, Killers of the Flower Moon, currently filming in Oklahoma: SEE PIC

…Jennifer Lopez and Ben Affleck, photographed for the first time together in Montana. The former couple reportedly jetted off to a private ski resort for the weekend amid rumors they’re rekindling their romance: SEE PICS

LEFTOVERS: DERBY DOPE

The fact that the Kentucky Derby winner tested positive for steroids is just the latest example of cancel culture run amok, according to the horse’s trainer. Bob Baffert said in an interview that his suspension from Churchill Downs was a “cancel culture kind of thing,” and that he’s still planning to run Medina Spirit in the Preakness on Saturday pending the results of a second drug test. In explaining why horses can accidentally test positive for banned substances, Baffert pointed to another horse of his that once tested positive after eating hay that was peed on by someone who had just taken cough syrup. SI

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
AT&T Investors Digest WarnerMedia Spinoff Merger With Discovery for $43 Billion
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
Energy Storage Solutions Company Leclanché Powers EV Fleets to Reduce Emissisions
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
Amazon Funds Amogy to Commercialize Ammonia-Powered Cargo-Shipping Vessels, Decarbonize Transportation
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
FedEx Announces Student Ambassador Program With Historically Black Colleges & Universities
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
'Sing 2' Takes Top Spot From 'Spider-Man' at UK Box Office
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
First Black CEO of Big Brothers Big Sisters of America on Empowering Youth With NFL
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
Supreme Court To Hear Challenge To Affirmative Action
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
Crypto Prices Plummet, Wiping Out $1 Trillion In Global Value
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Streaming Giants Struggle to Retain Subscribers Following Big Releases
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release. According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.
Load More