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COVID-19 Emergency Room Visits and Deaths on the Rise: What It Means for the U.S.
As the summer progresses, recent data from the Centers for Disease Control and Prevention (CDC) has shown an uptick in COVID-19 emergency room visits and deaths across the United States. This trend, observed in the latest surveillance data, has reignited concerns about the ongoing impact of the virus, especially as it continues to mutate and spread.
China and Russia Lead Efforts to Expand Influence with Belarus' Addition to SCO
The Shanghai Cooperation Organization (SCO), a Eurasian political, economic, and security alliance led by China and Russia, is set to admit Belarus as a full member. This development, expected to be formalized at the SCO's annual summit in Astana, Kazakhstan, underscores the bloc's ambition to serve as a counterbalance to Western influence, particularly that of the United States.
US Expels Over 100 Chinese Migrants in Rare Mass Deportation
The United States has deported 116 Chinese migrants in what the Department of Homeland Security (DHS) described as the first "large charter flight" to China in five years. This action marks a significant development in the US's efforts to manage immigration and reflects ongoing political debates over the issue, especially with the upcoming presidential election.
Kate Middleton and Prince Harry Show No Signs of Reconciliation Despite Past Bond
Kate Middleton and Prince Harry, once close confidants, continue to show no signs of reconciliation despite rumors suggesting otherwise. The Duchess of Cambridge and her brother-in-law, who shared a strong bond in the past, remain estranged, according to royal expert Emily Andrews. This ongoing rift underscores the deep-rooted tensions within the British royal family.
Biden Blames Debate Fumble on Travel Fatigue Despite Extended Time at Home, Sparks Concerns
President Joe Biden's recent debate performance has become a focal point of concern and controversy within the Democratic Party, following his remarks at a campaign fundraiser where he attributed his lackluster showing to fatigue from international travel. The President's comments have reignited discussions about his fitness for office and his viability as the Democratic nominee in the upcoming election.
Biden Faces Increasing Pressure from Democrats to Withdraw from 2024 Race
Rep. Lloyd Doggett, D-Texas, has become the first congressional Democrat to call for President Joe Biden to withdraw from his re-election bid. This follows a widely criticized debate performance that has raised doubts about Biden's ability to effectively campaign against former President Donald Trump.
Trump's Hush Money Sentencing Deferred to September
In a significant legal reprieve for former President Donald Trump, the sentencing for his hush money convictions has been postponed until at least September. This delay follows a decision by the presiding judge to consider the implications of a recent Supreme Court ruling on presidential immunity.
FDA Approves Eli Lilly's Alzheimer's Drug Kisunla Amid Rising Demand
The Food and Drug Administration (FDA) has approved a new Alzheimer's drug from Eli Lilly, adding another significant treatment option for this debilitating disease. The drug, donanemab, which will be marketed under the brand name Kisunla, is a monoclonal antibody infusion administered every four weeks.
Outrage Grows Over Prince Harry's Pat Tillman Award
ESPN's decision to present Prince Harry with the Pat Tillman Award has sparked significant backlash, drawing criticism from both the public and Pat Tillman's family. The award, which honors individuals who have used their connection to the sports world to positively impact the lives of others, is set to be given to Prince Harry for his work with The Invictus Games Foundation.
Fed's Powell Signals Caution on Rate Cuts Amid Disinflation Progress
Federal Reserve Chair Jerome Powell stated on Tuesday that the U.S. economy is back on a "disinflationary path," but emphasized the need for more data before the central bank considers cutting interest rates. Speaking at a monetary policy conference in Portugal, Powell highlighted the recent inflation data that showed no increase in May, with the 12-month rate of price increases dropping to 2.6%. This is still above the Fed's 2% target but indicates a downward trend following earlier concerns this year.
Tesla's Q2 Deliveries Exceed Expectations, Boosting Stock Price
Tesla has posted its second-quarter vehicle production and delivery numbers for 2024, surpassing Wall Street expectations and driving a significant increase in its stock price. The electric vehicle (EV) maker delivered 443,956 vehicles in the second quarter, exceeding the analyst consensus estimate of 439,000. This marked a 14.8% increase from the first quarter's 386,810 deliveries but a 4.8% decrease from the 466,140 deliveries reported in the same period last year.
Meghan Markle Faces Criticism for 'Hypocrisy' Over Estranged Relationship with Father
Meghan Markle, the Duchess of Sussex, has come under fire from royal commentator Hilary Fordwich for her estranged relationship with her father, Thomas Markle. The criticism comes in the wake of Thomas Markle's multiple public pleas for reconciliation, the latest of which was an interview with the Daily Mail where he expressed his longing to hear from his daughter on his upcoming birthday, July 18.
Hungarian PM Viktor Orban, Putin's Key Ally in Europe, Makes First Wartime Visit to Kyiv
Hungarian Prime Minister Viktor Orban made his first visit to Kyiv since the onset of Russia's full-scale war in February 2022, marking a significant diplomatic move given his previous criticisms of European support for Ukraine. Orban, seen as one of Russian President Vladimir Putin's closest allies in Europe, arrived in Kyiv to discuss European peace with Ukrainian President Volodymyr Zelensky.
Manhattan Real Estate Shifts to Buyer's Market Amid Price Drops and Inventory Surge
Manhattan's real estate market is experiencing a notable shift, with falling apartment prices and rising inventory marking a transition to a buyer's market. In the second quarter of 2024, the average sales price of Manhattan apartments decreased by 3%, settling just above $2 million, according to reports from Douglas Elliman and Miller Samuel. The median price saw a 2% drop, reaching $1.2 million, while luxury apartment prices declined for the first time in over a year.
Florida Prosecutors Knew About Jeffrey Epstein’s Crimes Two Years Before Plea Deal, Grand Jury Transcripts Reveal
Florida prosecutors were aware of Jeffrey Epstein's sexual assaults on teenage girls two years before they negotiated a controversial plea deal, according to newly released grand jury transcripts from 2006. The documents reveal graphic testimony about Epstein's abuse, highlighting significant prosecutorial failures that allowed the financier to escape severe federal charges.
Japanese Insurers to Sell Honda Shares: Mid-Term Strategic Opportunity for Japanese Stocks?
As Japan accelerates its "Nippon Individual Savings Account" (NISA) reform, domestic companies are aligning with regulatory demands to abandon their long-standing strategy of cross-shareholding. According to JPMorgan, selling off these cross-held shares could free up capital for stock buybacks, further enhancing shareholder value.
Eurozone Inflation Dips to 2.5%, Core Inflation Remains Stubbornly High
Inflation in the eurozone dipped to 2.5% in June, a slight decrease from May's 2.6%, as reported by the European Union's statistics agency. This headline figure aligns with the expectations of economists polled by Reuters. Despite this overall dip, core inflation, which excludes volatile components like energy, food, alcohol, and tobacco, remained steady at 2.9%, narrowly missing the forecast of 2.8%.
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