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Your Daily BriefNovember 4, 2022 |
Good morning, and happy Friday! Did you know that Harry Potter fans have been leaving socks at Dobby’s grave–the beach in Wales where they shot the scene, at least–for so long that Welsh government officials have asked visitors to stop? Apparently, people from all around the world have left so many socks and other trinkets in memory of the house elf that Harry helped free, that it now poses a risk to the marine environment where the memorial is located! Anyway, here’s what we have for you:
In Today’s Brief
- Pakistan: Former Prime Minister shot
- Daylight Savings: Bill stalls in House
- Astros: Beat Phillies in Game 5
- Lyft: Laying off 13% of staff
- Powerball: Jackpot hits $1.5B
- Top Tips: Netflix with ads launches, Netanyahu back as Prime Minister of Israel, Bank of England hikes rates by 75 bps
Netflix rolls out subscription tier with ads in the US & eight other countries
Netflix launched its new ad-supported plan, “Basic with Ads,” to subscribers in the United States, the U.K., France, Germany, Italy, Australia, Japan, Korea, and Brazil.
The launch comes two days after Netflix rolled out the tier to Canada and Mexico. The new tier went live in the U.S. and the other eight countries yesterday at 9 AM PT, and Spain is the next country where the tier will roll out (scheduled for Tuesday). In a press release, Netflix thanked its advertising partner, Microsoft, and said that “members in twelve countries can expect to see ads from several of the world’s most recognized brands, such as GM, L'Oreal, McDonald's, LVMH, Subway, Target, Heinz and Carnival Cruises.”
Per Netflix, “Basic with Ads” features a video quality of 720p HD, and viewers can only stream from one device. Subscribers of the ad-supported tier won’t be able to download content and won’t have access to about 5% to 10% of Netflix’s content catalog due to licensing restrictions.
Benjamin Netanyahu secures third term as Prime Minister of Israel
Benjamin Netanyahu will become Prime Minister of Israel for the third time after current Prime Minister Yair Lapid officially conceded yesterday.
Lapid has served as interim prime minister since June, when previous Prime Minister Naftali Bennett lost his majority in Israel’s parliament and the government dissolved, events which set the stage for this week’s election. Lapid made the announcement before the release of the election’s final results, which showed the Lukid party–the coalition Netanyahu leads–winning 64 out of 120 seats in Israel’s parliament, the Knesset. In his concession speech, Lapid said, “The state of Israel comes before any political consideration. I wish Netanyahu success, for the sake of the people of Israel and the state of Israel.”
Netanyahu, 73, is the country’s longest-serving leader, having been in office for a total of 15 years in two separate stints. He is currently standing trial on corruption charges.
Bank of England issues largest interest rate hike in 33 years
The Bank of England yesterday raised interest rates by 75 basis points–or 0.75%–its largest single hike since 1989.
Yesterday’s increase brings the Bank Rate to 3% from 2.25%, its highest level since November 2008, and marks the Bank of England’s eighth consecutive hike to its main lending rate after the Monetary Policy Committee voted 7-2 in favor. According to a press release, one member of the Committee voted for a 0.5% rise (50 basis points) while one preferred a 0.25% increase. The central bank also forecasted that inflation will “pick up to around 11%” during Q4 of this year, and said that Britain has entered a recession that could potentially last two years.
At the end of its statement, the Bank of England said that “further increases in Bank Rate may be required for a sustainable return of inflation to target,” adding that the Committee “will take the actions necessary to return inflation to the 2% target sustainably in the medium term.”
Around the Globe
- Former Pakistani Prime Minister Imran Khan was wounded in the leg when a burst of gunfire hit his vehicle during a protest march in the country’s city of Wazirabad; one person was killed and at least five others were injured, according to local reports
- North Korea yesterday fired at least six missiles into the sea, including an intercontinental ballistic missile (ICBM) that triggered evacuation warnings and halted trains in northern Japan
- Annual inflation in Turkey as measured by the country’s Consumer Price Index climbed to a new 24-year high of 85.51% in October, according to official data released by Turkish Statistical Institute - see the data here
On the Homefront
- House Speaker Nancy Pelosi’s husband, Paul Pelosi, was discharged from the hospital six days after suffering a fractured skull in a break-in and attack at his California home; Pelosi was discharged the same day the Department of Homeland Security confirmed that his alleged attacker David Depape is in the country illegally and could be deported
- A bill to make Daylight Savings Time permanent that passed in the Senate by unanimous voice vote in March of this year has been unable to find consensus in the House of Representatives, according to Congressional lawmakers
- A New York state judge granted a request by NY Attorney General Letitia James for an order appointing an independent monitor to oversee the finances of the Trump Organization, requiring that the company’s dealings with banks and sale of assets be subject to supervision by a third-party expert to be named by the court
Glitz & Games
- Johnny Depp’s legal team filed an appeal of ex-wife Amber Heard’s counterclaim win in which she was awarded $2M, arguing that the verdict was “erroneous” and should be overturned - see the court filing here
- The Houston Astros defeated the Philadelphia Phillies in Game 5 of the World Series with a final score of 3-2 last night; Astros lead the series 3-2
- The Brooklyn Nets suspended Kyrie Irving for at least five games without pay yesterday, saying that the point guard "refused to unequivocally say he has no antisemitic beliefs" - see the statement from the Nets here
Business & Markets
- Major indexes in the stock market closed lower for a fourth day, with the Nasdaq leading the losses (Dow -0.46%, Nasdaq -1.73%, S&P 500 -1.06%)
- Ride-hailing company Lyft is laying off 13% of its staff, or nearly 700 employees, according to a memo sent to staff by co-founders John Zimmer and Logan Green - see the memo from Zimmer and Green here
- Amazon has paused hiring for roles in its corporate workforce and plans on “keeping this pause in place for the next few months,” per a company memo; Amazon announced last month it would freeze hiring for corporate roles in its retail business, but the latest update affects its other businesses - see the internal memo on the decision here
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Tip & Tricks
- Bump This: The fast-paced beat in Vox Rea’s song “Julia” will make you want to pick up a guitar and resurrect your high school garage band - listen on Apple Music and Spotify
- Chow Down: Thanksgiving will be here before you know it, and if you’re on the hunt for an easy recipe to master in the meantime, check out this one for roasted sweet potatoes with honey and cinnamon
- Nerd Out: Saturday’s Powerball payout for the jackpot prize is now $1.5B, which is the third-largest lottery prize ever in U.S. history - learn up on how to hack the lottery to improve your (very, very small) chances at winning
- Go Deep: Read about the results of a new study that show how a drug based on a compound in hallucinogenic mushrooms–aka “magic” mushrooms–can improve symptoms of severe depression for up to 12 weeks
- Say What: “You can catch feel, if you’re paying attention, if you listen and you’re open, and you hang around people that have it. I learned feel from Lennon and Springsteen and Patti Smith. I did six albums over five years with those people, and it taught me everything,” music producer, executive, and entrepreneur Jimmy Iovine said in an interview with Variety which he claims will be his “last music interview”
- Hot Goss: Model Alyssa Scott confirmed she is pregnant with Nick Cannon’s 11th child in a series of maternity photos featuring her and Cannon in a bathtub (you’ve got some work to do, Elon)
- Life Hack: Building (and maintaining) a healthy amount of muscle mass is a great way to boost metabolism, keep a clear head, and sleep better at night - check out these three tips to maintain muscle mass as you age
Looking Back…
On November 4th: British archaeologist Howard Carter discovers the tomb of Egyptian pharaoh Tutankhamen (1922); the first film adaptation of J.K. Rowling’s Harry Potter series, Harry Potter and the Sorcerer’s Stone, premieres in London (2001); Barack Obama becomes the first African-American to be elected President of the United States (2008); American actor Matthew McConaughey is born (1969).
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