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
Courtney B. Vance, Tosin Cole on Criminal Justice in '61st Street' From SXSW 2022
Actors Courtney B. Vance and Tosin Cole joined Cheddar News’ senior reporter Michelle Castillo at South by Southwest to talk about their new series “61st Street” on AMC. The show takes a look at the harshness of Chicago’s criminal justice system. When asked what he hopes the audience takes away from this show, Tosin Cole said, "Just some empathy and just showing a different perspective."
Indeed Survey Shows Half of Women Considering Shift in Career Over Compensation
A recent survey from employment website Indeed and career growth platform Luminary found that at least half of women are considering a change to their careers over issues of unequal compensation and upward mobility as compared to men. Cate Luzio founder and CEO of Luminary, and Abbey Carlton, Indeed's global head of social impact, joined Cheddar News to talk about the study and working for women to push more self-advocacy. "I think the silver lining here is that women are in a moment where they can renegotiate the terms of work. And we're seeing that in this survey, women are thinking about what is my next step and what do I need in that next step. And compensation is right at the top of the list there,” said Carlton.
"Organizations For Pay Equity Now" Aims To Close Gender Pay Gap Among Startups
A new coalition called "Organizations For Pay Equity Now", or "OPEN" imperative, has launched with the goal of eliminating the gender pay gap among pre-IPO startups by 2027. More than 200 founders, CEOs and investors have already joined the coalition -- and it's only expected to grow. Emily Sweet, Lead of the OPEN imperative, joined Cheddar's Opening Bell to discuss the new coalition and how it plans to achieve these ambitious goals.
Netflix Testing Extra Charge for Password Sharing
Netflix launching a test to let primary account holders pay an extra fee for users outside their households. This comes as the streaming giant grapples with illicit password-sharing with over 30 percent of all Netflix users sharing their password with at least one person, according to research firm Magid. Pedro Palandrani, Director of Research at GlobalX joined Cheddar's Opening Bell to discuss.
Platform Connecting Founders With VC Experts NeonVest Raises Seed Round
Neonvest is a platform connecting startups and entrepreneurs with experts in the VC space. The startup says it's in the process of raising a seed round of approximately $2.5 million from a mix of angel and institutional investors. Aakash Shah, co-founder of NeonVest, joins Cheddar News' Closing Bell to discuss.
Michael Pachter Weighs In on Amazon Acquisition of MGM for $8.5 Billion
Amazon closed its deal to buy MGM's many content brands for $8.5 billion, and Michael Pachter, a managing director at Wedbush Securities, joined Cheddar News to discuss the e-commerce giant's second-largest acquisition to date and how he thinks it will all pay off. "To make a movie today, you just can't even think about it for less than 30 million bucks, so 4,000 movies, I mean that's several billion dollars worth of assets," he said, noting how it would also add to Amazon's little-known ad-supported IMDb TV service. "I don't know that the IMDb TV guys actually talk to the Amazon Prime Video guys, but a lot of content, it makes the value of a Prime subscription much, much greater, and people are far, far less likely to churn even if they're only buying one package every three months."
Load More