Good morning, and welcome to your Tuesday! It’s the first day back after the long weekend, and here’s what we have for you: Today’s HighlightsNew to Tip News? Get in on it here. |
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European Union agrees to ban majority of Russian oil importsAt a summit focused on helping Ukraine by imposing a large package of economic sanctions on Russia, the European Union reached a compromise on Monday to ban more than two-thirds of Russian oil imports. Per the consensus the EU reached, the new oil embargo applies only to oil imports brought in via sea transportation, and temporarily exempts imports delivered by pipelines. On top of targeting over 1,000 individuals–including President Vladimir Putin, pro-Kremlin oligarchs, government officials and more–the EU had previously imposed five sanction packages on Russia in response to the war in Ukraine. The sanctions included cutting off Russian banks from global financial networks, freezing Russian assets, barring imports of Russian natural gas, and sending Ukraine advanced weapons systems. However, when the EU’s sixth measure of sanctions was proposed on May 4th, it was blocked by Hungary. Hungary receives over 60% of its oil from Russia, and depends on crude imports that come through Russia’s Druzhba pipeline. When initially blocking the measure, Hungarian Prime minister Viktor Orban made clear he could only support the new sanctions if Hungary’s oil supply security was guaranteed...a stipulation which the new agreement satisfies. |
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Climate activist smears cake over the Mona LisaIn an apparent climate-related publicity stunt, a man disguised as an old woman in a wheelchair smeared cake across the glass protecting the Mona Lisa, Leonardo da Vinci’s 16th-century masterpiece in the Louvre Museum. Inside the famed Paris museum over the weekend, the man–who was wearing a wig and has yet to be identified–sprung up from his wheelchair and hurled himself towards the painting. He first tried to smash the bulletproof glass encasing the Mona Lisa, then proceeded to smear cake across the surface and throw roses all around him before being tackled by security. During the attack, the man called out, “Think of the Earth!” Museum-goers filmed as the man was escorted out of the Louvre, and several videos of the incident were posted to social media. Museum staff were quick to wipe the cream off the glass, but not before the man took the opportunity to tell onlookers, “There are people who are destroying the Earth. Think about it. Artists tell you: think of the Earth. That’s why I did this.” |
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Danone to send the U.S. half a million cans of specialized formula for babies with allergiesMultinational food corporation Danone is gearing up to send the equivalent of roughly five million bottles of specialized infant formula to the U.S. to ease pressures from the current formula shortage on babies with allergies. Covid-related supply chain issues coupled with a shutdown at an Abbott manufacturing facility have contributed to the current formula shortage in the United States, and as a result, supply is scarce for babies with allergies to cow’s milk. According to Danone, the French food giant will send half a million cans of specialized medical formula made by its Nutricia brand to the U.S. in the next few weeks. The company said the formula will come from its factory in Liverpool, England, where it manufactures the Neocate line of amino acid-based products specifically for babies with allergies to cow’s milk and other proteins. The FDA revealed that the half a million cans of specialized formula Danone plans to send amounts to roughly five million full-sized bottles of formula. Allergies to cow’s milk affect between 2-5% of babies and toddlers around the globe, according to Danone, and is the most common type of food allergy in infants. When a child develops an allergic reaction to cow’s milk, symptoms include vomiting, wheezing, diarrhea, and skin rashes. |
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Question of the daySay you just inherited $1 million in cash…how would you invest your money now? Let us know here: Looking Back…On May 31st, 1889, a flood that is now considered to be one of the worst natural disasters in American history ravaged Johnstown, Pennsylvania, causing more than 2,200 deaths. |
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