Here are the headlines you Need2Know for Friday, February 5, 2021:

COVID-19: GOOD NEWS ONLY

Johnson & Johnson has submitted its vaccine for emergency approval to the FDA, as expected. If and when the shot gets the green light, doses could start shipping by early March, adding a third highly-effective vaccine to the country’s arsenal. In NYC, Yankee Stadium opens today as a mass-vaccination site for eligible Bronx residents. COVID hospitalizations nationwide are finally back to their pre-Thanksgiving levels, down more than 40,000 from their early January peak. The U.S. did nearly 1.7 million vaccinations yesterday, a new daily record. STAT

SCHOOL OPENING BATTLE LINES

Chicago and San Francisco are in battles with their school districts over when and how to reopen schools for in-person learning. Chicago public-school students were supposed to go back to a hybrid model this week but the city and the teachers union have still not reached a deal, leading to a frustrated Mayor Lori Lightfoot blaming the union for dragging its feet. Meanwhile, in San Francisco the situation is even more contentious. The city is suing its own school district in an attempt to reopen classrooms. Teachers unions in many large districts are saying they won’t go back until they’re vaccinated. ABC NEWS

GREENE BOOTED

The House stripped Rep. Marjorie Taylor Greene of both her committee assignments as punishment for spreading conspiracy theories and hate speech. The vote was nearly party line, though 11 Republicans broke ranks to vote with Democrats. Of the 199 Republicans who voted against removing Greene, not a single one defended her. She expressed regret about at least some of her theories, saying she now believes "9/11 absolutely happened." AP

BIDEN CUTS BAIT ON SAUDIS

President Biden is ending U.S. arms sales and other support for Saudi Arabia in its long-running offensive in Yemen. That war, between Houthi rebels and the Saudis in one of the poorest countries in the world, has led to a “humanitarian and strategic catastrophe,” Biden said. Saudi warplanes armed with American weapons have been relentlessly and often indiscriminately bombing targets in Yemen for six years. AP

PELOTON DEMAND

Peloton has been among the biggest winners of the pandemic, so much so that it cannot keep up with the demand for its fitness bikes and treadmills. The company admitted as much in its earnings report, saying it had $1 billion in sales last quarter but future profits will be squeezed as the company invests in fixing its supply chain problem. Peloton buyers have reported months-long delays in getting their orders. BLOOMBERG

BEST LAPTOP EVER?

It’s been a couple months since Apple started shipping its new Macs made with its own proprietary silicon chips. After spending time putting them through the ringer, reviewers are nearly unanimously in their reviews -- that these are the best laptops on the market today, and it's not particularly close. The M1 MacBooks are expensive (obv.), but the innovation in the chips means that they're super fast, turn on instantly, don’t cause the fan to run, and the batteries are said to last at least all day. CNET

SUPER BOWL PREVIEW

Super Bowl LV is Sunday in Tampa Bay. Patrick Mahomes is looking to defend the Chiefs’ title, while Tom Brady is looking to win his seventh ring at age 43. Like everything else, the Big Game will look different from years past, with a fraction of the normal crowd on hand and a more reflective tone expected, at least off the field. The Chiefs are heavy favorites -- but as many have learned over the last two decades, you bet against Brady at your own risk. Kickoff is 6:30 p.m. ET on CBS. If you just want to see The Weeknd, the Halftime Show will probably start sometime in the 8 p.m. hour. PREDICTIONS

SPOTTED...

… Olivia Rodrigo, making her TV debut on Jimmy Fallon to sing her #1 hit Drivers License: WATCH

SCREEN ACTORS GUILD

Hot on the heels of the Golden Globes, the Screen Actors Guild Awards announced this year’s nominations, giving the late Chadwick Boseman an historic four nods combined for his two roles in Ma Rainey’s Black Bottom and Da 5 Bloods. The SAGs are considered among the most prestigious awards for actors because they’re given out by their peers. Meanwhile, former President Trump resigned from SAG-AFTRA, the union behind the awards, as he faced disciplinary action for the Capitol riot. In a letter, Trump wrote that he was proud of his work in Home Alone 2 and Zoolander but concluded that being a SAG member has "done nothing for me”: READ IT

LEFTOVERS: SECOND CHANCE STIMULUS

If you did not receive the full amount you were owed in either round of stimulus checks over the last year, there’s still a chance to get it straightened out. In some cases, payments may have been miscalculated; in others, they may never have been received at all for a host of reasons. If you believe this happened to you, the IRS is letting eligible taxpayers claim a recovery rebate on their 2020 tax returns. Here’s how to do it: READ

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
20-Year-Old Entrepreneur Tania Speaks on Emotional 'Shark Tank' Deal With Mark Cuban
Season 13 "Shark Tank" contestant Tania Speaks secured a $400,000 deal for her Speaks Organic Skincare brand with "Shark" Mark Cuban while also being named one of the best pitches in the history of the show — all at 19 years old. Now 20, Speaks joined Cheddar News to talk about the skincare line, the clean beauty industry, and the moment that host Cuban was moved by her pitch. "I couldn't believe that he got emotional. I'm surprised I held back my tears that long," the young entrepreneur revealed. "It's just amazing for someone else to be inspired by your story, especially Mark Cuban himself."
ViacomCBS Rebrands as Paramount Global, Puts Emphasis on Streaming
The media giant formerly known as ViacomCBS has officially rebranded itself as Paramount Global with a focus on its streaming service, Paramount Plus. Naveen Chopra, chief financial officer at Paramount, joined Cheddar to discuss the company’s name change and streaming wars. "There are components of content licensing that we continue to do, either historical arrangements or opportunities to license content that don't really impinge on what we're trying to do with our owned and operated services and that continues to be an important ingredient in our broader financial model," he said. "But our number one priority is putting our best assets on Paramount Plus." Chopra also discussed theatrical release windows before feature films hit its service and the platform's subscription goals.
ULTA Beauty To Spend $50 Million On Diversity Initatives
In efforts to help support black-owned brands. Ulta Beauty says it will make a commitment to not only give these brand shelf space but also help them navigate the ins and outs of growing a business. Last week, the beauty retailer announced in order to reach those goals, the company will spend $50 million on diversity and inclusion programs, including an accelerated program to mentor entrepreneurs of color. CEO of Ulta Beauty, Dave Kimbell, joined Cheddar to discuss more.
U.S Chamber of Commerce Hosts Virtual Event 'Developing the Black-Owned Business Ecosystem'
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
Bringing Black History Month Celebrations to Your Business
While Black History Month is a time to celebrate the achievements of Black Americans, it's also a time to reflect on how they can be better heard and supported. Black Americans are still fighting for voting rights, facing more severe impacts from COVID-19, and experiencing gaps in workforce representation and pay. Alexandra Schrecengost, hybrid work expert and CEO of "Virtual With Us" and "Culture With Us,' joined Cheddar News to discuss.
Load More