Your Daily Brief

October 13th, 2022


Good morning, and happy Thursday! Did you know that Buzz Lightyear from the Toy Story franchise was originally named Lunar Larry? Apparently, there was quite a bit of back and forth about it, and eventually–as we all know–the character’s name was changed to pay homage to former astronaut Buzz Aldrin. Anyway, while you think about how weird it might be to live in a world with Lunar Larry, here’s what we have for you:

In Today’s Brief

  • United Nations: Condemns Russia’s annexation of four Ukrainian territories
  • Mortgages: U.S. interest rates hit highest levels since 2006
  • Joy Luck Club: Sequel reportedly in development
  • Starbucks: Launches loyalty partnership with Delta Air Lines
  • James Webb: New image of a space fingerprint released
  • Top Tips: Radio host Alex Jones to pay $965M in damages for Sandy Hook claims; Stanford scientists transplant bioengineered human brain-like tissue into rats; CVS dropping prices of store-branded feminine care products nationwide

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Jury rules that Alex Jones must pay $965M in damages for Sandy Hook claims

A Connecticut jury ruled that Alex Jones must pay $965M to people affected by his claims that the Sandy Hook Elementary School shooting was a hoax.

Jones–a radio host and proprietor of the website Infowars–claimed the 2012 shooting that left twenty children and six educators at Sandy Hook Elementary School dead was a hoax. The verdict came in a lawsuit filed by the relatives of five children and three educators killed in the shooting, as well as an FBI agent who responded to the scene. The jury made 15 individual awards that ranged from $28.8M to $120M, with the families and the agent also receiving separate punitive damages.

Yesterday’s verdict comes two months after another jury found that Jones and his company must pay $49.3M to the parents of a Sandy Hook victim in a similar case in Austin, Texas, where the headquarters of Jones' Infowars website is located.

Scientists implant bioengineered human brain cells into the brains of rats

Neuroscientists at Stanford University report that they have found a new way to analyze human neurons by transplanting human brain-like tissue into rats.

In a new study published in Nature, neuroscientists at Stanford University led by Sergiu Pasca say they transplanted blobs of bioengineered neural tissue known as “organoids” into the brains of newborn rat pups two to three days old, a stage when their brains connections are still forming. The researchers said that over a period of eight months, the organoids grew to occupy roughly one-third of the hemisphere of the rat’s brain where they were implanted and that neurons from the organoids formed working connections with circuits in the brain.

In addition to reporting organoid growth, the researchers’ study showed the survival rate of animals 12 months after transplantation to be 74%, with “no discernible locomotor or memory deficits, gliosis or electroencephalogram (EEG) abnormalities” detected in the rats.

CVS will drop prices of store-branded feminine care products

Starting today, CVS will drop prices of its store-branded feminine care products nationwide in an effort to narrow the gap between the cost of women’s and men’s personal health items.

The company announced that it would reduce the prices of CVS Health and Live Better tampons, pads, cups, and liners by 25% or more in “core CVS Pharmacy locations.” Per CVS, the price reduction also applies to medication for urinary tract infections, pregnancy tests, and vaginal ointments. In a statement, CVS Health Senior Vice President and Chief Merchandising Officer Musab Balbale said that the goal of reducing the prices of these products is to “bring equality and accessibility to women’s health care.”

According to the CVS Health website, on October 5th, CVS started paying the sales tax on feminine care products for customers in 12 states. Since 2016, 24 states have exempted menstrual products from state sales tax, while five states have no sales tax at all.

Around the Globe

  • The United Nations General Assembly condemned Russia's annexation of four partially-occupied regions in Ukraine; 143 out of the 193 member countries also voted in favor of a resolution that reaffirmed the sovereignty, independence, unity, and territorial integrity of Ukraine within its internationally-recognized borders
  • New Zealand’s government proposed taxing the greenhouse gas emissions that farm animals create from burping, defecating, and urinating as part of a plan to help the country meet climate-focused goals
  • Jamaica’s broadcasting regulator has placed a ban on music and TV broadcasts “deemed to glorify or promote” criminal activity, violence, drug use, scamming, and weapons; the purpose of the ban is to cut back on material that “could give the wrong impression that criminality is an accepted feature of Jamaican culture and society,” per the country’s government

On the Homefront

  • The average interest rate on the 30-year-fixed rate mortgage in the U.S. reached 6.81% last week, marking its highest level since 2006, per data released yesterday by the Mortgage Banker’s Association (MBA) - see the recent report from the MBA here 
  • U.S. District Court Judge Lewis Kaplan denied a request from former President Donald Trump to postpone a deposition in the defamation lawsuit filed by writer E. Jean Carroll, who claimed he sexually assaulted her in the 1990s in a department store dressing room - see the filing of Kaplan’s order here
  • Two fishermen who participated in an Ohio fishing tournament last month were indicted on charges of attempted grand theft, cheating, possession of criminal tools, and unlawful ownership of wild animals for allegedly stuffing fish they caught with lead weights and fillets, according to local authorities

Glitz & Games

  • A sequel to the film The Joy Luck Club is reportedly being developed, with author Amy Tan and screenwriter Ron Bass continuing from Tan’s novel which the 1993 movie is based on
  • Blake Shelton announced in a joint statement with NBC that he is leaving the reality singing competition The Voice after the show’s 23rd season - see Shelton’s statement here
  • Las Vegas Raiders wide receiver Davante Adams was charged with misdemeanor assault in Kansas City after he allegedly pushed photographer Ryan Zebley to the ground on the sidelines after his team’s loss to the Kansas City Chiefs on Monday night

Business & Markets

  • Stocks closed yesterday’s trading session in the red, with the S&P 500 index cementing its sixth consecutive day of losses (Dow -0.10%, Nasdaq -0.09%, S&P 500 -0.33%)
  • Pharmaceutical companies Moderna and Merck said they will jointly develop and sell a cancer vaccine that is personalized for individual patients based on Moderna’s messenger mRNA technology; Moderna stock (NASDAQ: MRNA) rose by as much as 16% yesterday and closed up 8.28%
  • Starbucks and Delta Air Lines announced a loyalty partnership that will allow members to earn one mile for every $1 spent on eligible purchases at Starbucks and double the amount of Starbucks stars on days when they have a scheduled Delta flight - see Starbucks’ press release on the partnership here

Tip & Tricks

  • Bump This: The flow is crazy in the new song “6 Ft” from up-and-coming rapper Mudrigo - listen on Apple Music and Spotify
  • Chow Down: Just because you’re busy doesn’t mean you can’t squeeze in a delicious evening meal - take a look at this recipe for chicken cutlets with sun-dried tomato cream sauce that only takes 20 minutes to prepare and can serve up to four people
  • Cash Grab: If you’ve ever driven up the PCH in Malibu, you’ve probably noticed Cher’s Italian Rennaisance-style home overlooking the ocean that she is now selling for $85M - see additional photos of the singer’s villa here (just $85M…what a steal)
  • Look Up: Check out this photo of a space fingerprint taken by the James Webb Space Telescope that shows at least 17 concentric dust rings emanating from a pair of stars collectively known as Wolf-Rayet 140, located over 5,000 light-years from Earth
  • Say What: “I was never that far away. I guess I’m supposed to say, ‘You can’t get rid of me that easy,’ or something like that. I’m glad to be here, I wouldn’t have it any other way, and I’m grateful to be doing the job that I love,” actor Brendan Fraser said in a Variety profile while promoting the upcoming film The Whale with director Darren Aronofsky
  • Hot Goss: Actor and singer Chris Colfer won’t see former Glee co-star Lea Michele in her performances in the musical Funny Girl, saying during an episode of Sirius XM’s The Michelle Collins Show that he “can be triggered at home” (the shade–yikes!)
  • Life Hack: Exercising later in the day can help relieve stress and help you replace other habits like snacking or watching too much television - read more about the benefits of afternoon and evening workouts

Looking Back…

On October 13th: Italy declares war on former Axis partner Germany (1943); Chilean workers are rescued 69 days after a mine collapse in the country’s Atacama Desert (2010); the film All About Eve starring Bette Davis and Anne Baxter premieres in Paris and New York City (1950); American songwriter Paul Simon is born (1941).

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