Here are the headlines you Need2Know for Wednesday, November 18, 2020:

COVID-19: LATEST DEVELOPMENTS

The FDA has approved the first entirely at-home testing kit, similar to a pregnancy test, that gives results in 30 minutes. Ohio is the latest state to impose a 10 p.m. curfew that will go into effect for three weeks. North Dakota now has the world’s highest mortality rate per capita -- 1 in 1,000 residents of the state have died of COVID-19. Local news outlets across the country are reporting that there are once again runs on toilet paper, disinfectant wipes and other essentials, though supply chain experts don’t expect shortages to be as bad as they were in the spring. Sen. Chuck Grassley, one of the oldest members of Congress, missed his first vote in 27 years -- breaking the longest voting record in Senate history -- after he tested positive. REUTERS

TROOP DRAWDOWN

The Pentagon has confirmed the reports that the U.S. will cut the number of troops in Afghanistan and Iraq by 2,500 before President Trump leaves office. The troop level in Afghanistan will fall from 4,500 to 2,500, while Iraq will go from 3,000 to 2,500 active troops. Senate Republicans, as well as the head of NATO, are opposing the abrupt drawdown. The president has said before that he wanted all troops home by Christmas. CNN

PRESIDENTIAL TRANSITION

President Trump has fired Chris Krebs, the administration’s senior-most official in charge of election cybersecurity. Krebs, a highly respected security expert, was among the officials who came out and called the election the “most secure in American history,” directly contradicting the president’s false claims that it was “stolen.” Meanwhile, Republican appointees in Michigan’s most populous county initially refused to certify the vote tally in Detroit for Joe Biden -- drawing praise from Trump officials -- before backing off amid a public outcry. POLITICO

SOCIAL MEDIA GRILLING

Lawmakers grilled Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey about fact-check labels and other concerns related to misinformation in a virtual hearing on Capitol Hill, three weeks after Zuck and Dorsey were summoned for a similar hearing in front of a different Senate committee. Republicans took issue with the platforms’ labeling of President Trump’s false tweets that he won the election, while Democrats took issue with Republicans taking issue with the labels. Not much was accomplished other than making it clear that both sides of the aisle want to regulate Big Tech, for different reasons. NPR

NIGHTMARE BEFORE CHRISTMAS

Retail sales for the month of October grew by just 0.3 percent, a worrisome signal for the economy going into the critical holiday shopping season. The worse-than-expected data was compiled before the current virus surge took hold, so any momentum left over from the summer and early fall is going to stall out even more at the worst possible time for retailers, especially given that no more federal aid is coming anytime soon. That is a very bad sign for many stores that are hanging on by a thread and counting on the usual end-of-year lift in sales to stay afloat. WSJ

AMAZON PHARMACY

Amazon will now fill and deliver your meds -- for free and with discounts, if you’re a Prime Member. The e-commerce giant has launched its much-anticipated digital pharmacy, which immediately sent shares of Walgreens and CVS plummeting. Amazon’s entry into the space has been a question of if, not when, ever since it acquired the startup PillPack in 2018. CHEDDAR

THEO OUT

Theo Epstein, one of the greatest operators in baseball history, is stepping down from the Chicago Cubs. Epstein was brought in to rebuild the Cubs nine seasons ago -- a task that looked insurmountable but that culminated in the team’s incredible 2016 World Series win. Before that, he was GM of the Boston Red Sox when they finally ended their title drought in 2004. There have been rumors he might join the front office of the Mets or Phillies. CHICAGO TRIB

CONAN GOES STREAMING

Conan O’Brien has hosted a nightly talk show for 28 years, longer than anyone else in the late-night game. That ends next summer. O’Brien will trade his nightly show on TBS for a weekly variety show that will stream exclusively on HBO Max (like TBS, part of WarnerMedia). Conan was one of the few late shows that didn't go all in on political humor, and the ratings have suffered. THR

SPOTTED...

...George Clooney, on the cover of GQ’s Men of the Year issue. Clooney confirms in the interview the long-running rumor that he once gave each of his 14 best friends a suitcase filled with $1 million in cash, just because: READ IT

...the Rockefeller Center Christmas Tree, being hoisted onto its perch and looking about as good as could be expected for 2020: SEE PICS

LEFTOVERS: REPORTS OF MY DEATH...

A radio station in France is apologizing after it accidentally published dozens of obituaries for high-profile newsmakers who have not died. Radio France Internationale blamed a technical glitch for publishing obits of Queen Elizabeth, Pele, Clint Eastwood, the Ayatollah and Brigitte Bardot, among others. It’s not uncommon for news outlets to prep obituaries in advance, and any editor will tell you it’s their worst nightmare to mistakenly hit publish when the person is still alive and kicking. EURONEWS

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
Spatial Pivots Business to Become Metaverse for Cultural Events
VR/AR collaboration platform Spatial is diving head first into the Metaverse. The company is switching up its image--now branding itself as 'the metaverse for cultural events,' aiming to become the new virtual hub for NFT galleries, brand experiences, and large-scale conferences. Jacob Loewenstein, Head of Business, Spatial, joined Cheddar's Opening Bell to discuss the company's pivot.
e.l.f. Beauty Eliminates One Million Pounds Of Packaging Materials
e.l.f Beauty is celebrating a significant milestone in its sustainable journey. Since launching its Project Unicorn initiative in 2019, the company has eliminated more than one million pounds of packaging materials. Ashley Rosebrook, e.l.f. Beauty's chief creative officer, who spearheaded this effort and has continued to work to reduce the brand's carbon footprint, joined Cheddar to discuss this initiative and what the company aims to do next.
Omicron Fuels Concerns Over Holiday Travel
The Omicron variant is raising concerns about how safe it is to travel, just as millions of Americans were getting ready to jet set away for the holidays. Scientists are still trying to understand how much protection vaccines offer against the new variant, and many questions remain unanswered. Sara Nelson, President of the Association of Flight Attendants, gives tips on how to travel safely and comments on the aviation industry's ongoing recovery from the pandemic.
Could This Year's Meme Stock Mania Surrounding GameStop, AMC, and Others Continue in 2022 and Beyond?
As 2021 is approaching its end, the meme stock mania that surrounded companies like Gamestop and AMC this year doesn't seem to be going anywhere. Stocks for both companies plunged to their lowest levels in months on Monday, but on Tuesday, traders seemed to come to the rescue, as the stocks for both companies saw rebounds. Great Hill Capital Chariman Thomas Hayes joins Cheddar News' Closing Bell to discuss.
Upward Farms Aims to Reconnect Consumers with Locally-Grown Food
Upward Farms is an indoor vertical farming company on a mission to heal our broken food system and reconnect consumers with organic locally-grown food. The Brooklyn-based company uses its controlled environment farms to grow organic leafy greens, which are sold at whole foods markets in New York City. Upward Farms co-founder and CEO Jason Green joined Cheddar Climate to discuss.
12 Terms of 2021: Infrastructure
Cheddar is looking back at the 12 biggest buzzwords of the year leading up to Christmas. Today's word of the day is "Infrastructure." Definition: (noun) the basic physical and organizational systems that uphold the structure of the economy.
2022 Predictions for Cannabis Industry
The U.S. cannabis industry is on track to hit almost $25 billion in sales, according to New Frontier Data. Vivien Azer, managing director and senior research analyst at Cowen, and Russell Stanley, managing director and equity research at Beacon Securities Limited, join Cheddar News to give their predictions for the budding industry in 2022.
The Environmental Impact of Cannabis Farms
As more states begin to legalize recreational marijuana, there's a growing interest in legalizing cannabis cultivation. As the rise in cannabis farms expands across the U.S., more research is being done to examine its impact on the planet. Michael Katz, executive director at Mendocino Cannabis Alliance, joins Cheddar News to talk about the carbon footprint of cannabis farms.
Load More