Here are the headlines you Need2Know for Wednesday, November 11, 2020:

PRESIDENTIAL TRANSITION

The New York Times reached out to election officials in all 50 states. Not a single one reported any voting irregularities that would have affected the outcome of their counts. Nevertheless, the Trump administration continues to insist that the president did not lose, even as world leaders -- with the notable exceptions of Putin and Xi -- have called to congratulate President-elect Biden. The Biden transition team has not been given access to the resources required by law, though Biden said the transition process is still moving forward. He called President Trump’s refusal to concede “an embarrassment.” NY TIMES

OBAMACARE LIVES?

The Supreme Court took up arguments in the Trump administration’s challenge to the Affordable Care Act, and judging by how key justices spoke, it seems like they are leaning against striking down the law. Justices Roberts and Kavanaugh suggested that “severing” the individual mandate would not automatically invalidate the rest of the ACA. (The individual mandate is already effectively meaningless after Congress zeroed out the penalty.) With Roberts and Kavanaugh apparently on board with the three liberal justices, it seems as though Obamacare will live to see another day. NPR

COVID-19: LATEST DEVELOPMENTS

COVID hospitalizations in the U.S. have hit 62,000, surpassing the peak set in April, as the country is now recording more than 100,000 new cases every day. With ICUs in states like Oklahoma, Wisconsin and Texas already strained, officials are warning that the situation is likely to get much worse in the coming weeks. In NYC, the daily positivity rate is approaching the 3 percent threshold at which schools would go all remote. The CDC is warning Americans that Thanksgiving gatherings could be the next big spreading events, and is recommending that dinner be held outside if possible. USA TODAY

VATICAN INTERNAL REPORT

An internal Vatican investigation has found that Theodore McCarrick, the defrocked archbishop of Washington, was personally protected by the late Pope John Paul II. John Paul is said to have known about misconduct allegations against McCarrick decades before they became public, and facilitated his rise in the Church anyway. The report is an unprecedented look at the Church’s failings in the sexual abuse crisis and how bishops covered up egregious examples of misconduct amid their ranks. NBC NEWS

SINGLE'S DAY

The world’s biggest online shopping event is underway in China. Alibaba’s Singles Day is bigger than Black Friday and Cyber Monday in the U.S. Alibaba said orders have already exceeded $56 billion, another sign that China’s post-COVID economic recovery is firing on all cylinders. REUTERS

APPLE SILICON

Apple announced its first computers that are powered by its own in-house processors, a major milestone in computing that could change how PCs and laptops look and work in the future. Apple cut ties with Intel and built its own chips from scratch, making them more like the chips found in iPhones than in a full-scale computer. Apple says its M1 chips are more powerful and more efficient, which could translate to smaller designs and longer battery life. CNET

SHOT OF A LIFETIME

The pandemic-delayed Masters tees off tomorrow, but the best shot of the tournament has already happened. Frankly, it may be the best shot of all time. Golfer Jon Rahm, practicing at Augusta on his 26th birthday, skipped the ball across the pond on No. 16 before it weaved all the way down the green for a hole-in-one: WATCH

BEYONCÉ X PELOTON

Peloton has inked a multi-year deal with none other than Beyoncé to produce exclusive content for its at-home workout classes. Peloton says Beyoncé is the most-requested artist by Peloton members, and she will create a series of “themed workout experiences” across fitness categories. BI

SPOTTED...

...Leonardo DiCaprio and Emile Hirsch enjoying a day at the beach in Malibu. Leo is once again being teased for his “dad bod”: SEE PICS

LEFTOVERS: VACCINE POWER COUPLE

Pfizer’s CEO has described its coronavirus vaccine as the greatest medical advancement in the last 100 years. Assuming the vaccine is authorized and effective, the world may have a new pair of heroes to thank: Dr. Uğur Şahin and Dr. Özlem Türeci, the German-Turkish power couple who founded BioNTech, Pfizer’s partner in vaccine development. Drs. Sahin and Tureci are considered the parents of the mRNA technology that is the basis of the vaccine breakthrough. Here’s their story: READ IT

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.
Load More