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Your Daily BriefNovember 8th, 2022 |
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In Today’s Brief
- Nigeria: TikTok personalities whipped
- USA: Midterm election day
- Oscars: Jimmy Kimmel hosting
- Beyond Meat: Launches more products
- Rebel Wilson: Welcomes baby via surrogate
- Top Tips: VillageMD buys Summit Health, first-ever transfusion of lab-grown blood cells, DOJ announces $3.36B Bitcoin seizure
Walgreens-backed VillageMD buys Summit Health in $9B deal
Primary care provider VillageMD, which is backed by Walgreens Boots Alliance Inc., is buying urgent care provider Summit Health in a deal valued at nearly $9B.
According to a press release, Walgreens Boots Alliance (WBA) “will invest $3.5B through an even mix of debt and equity to support the acquisition of Summit Health-CityMD” and will retain 53% ownership in VillageMD after the deal closes, which it is expected to in Q1 2023. To account for the deal, WBA also raised its fiscal year 2025 sales goal for its U.S. healthcare business to $14.5B to $16.0B, from $11.0B to $12.0B previously.
Summit Health operates a chain of independent, physician-run medical groups and also operates CityMD urgent care centers, which act as alternatives to hospital emergency departments. Together, VillageMD and Summit Health will have a presence in more than 680 locations in 26 markets.
Humans receive transfusion of lab-grown red blood cells for the first time
Laboratory-grown red blood cells have been transfused into humans for the first time ever in a clinical trial in the U.K.
The transfusion is part of a trial led by NHS Blood and Transplant and the University of Bristol which manufactures lab-grown blood from adult stem cells taken from donor blood. The stem cells are placed in a nutrient solution for 18-21 days, which encourages the cells to multiply and develop into more mature cells. According to Dr. Farrukh Shah–the medical director of transfusion at NHS Blood and Transplant–the research “lays the groundwork for the manufacture of red blood cells” that can be used to treat patients with disorders that require blood transfusions, such as sickle cell anemia.
Researchers tagged the lab-grown cells with a radioactive substance to monitor how long they last in the body. Two volunteers have so far been transfused with the cells, and the same process will now be applied for a trial of 10 volunteers.
Justice Department announces second-largest Bitcoin seizure on record
The Department of Justice announced that it seized over $3.36B worth of Bitcoin as part of a fraud investigation involving the Silk Road dark web marketplace.
The DOJ said it seized approximately 50,676 Bitcoin from a man named James Zhong last November, which was then valued at more than $3.36B. In a press release, U.S. Attorney Damien Williams said: “James Zhong committed wire fraud over a decade ago when he stole approximately 50,000 Bitcoin from Silk Road. For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3B mystery.”
According to the DOJ, IRS agents discovered the Bitcoin at Zhong's home in Gainesville, Georgia in an underground floor safe and on a “single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet.” It was the largest cryptocurrency seizure in DOJ history at the time, though the Bitcoin recovered is now worth roughly $1.05B.
Around the Globe
- Two TikTok personalities in Nigeria, Mubarak Isa Muhammed and Muhammed Bula, have been sentenced to a whipping and forced to clean the court after being found guilty of defaming the governor of the northern state of Kano on social media
- Russian entrepreneur Yevgeny Prigozhin–who has ties to Russian President Vladimir Putin–yesterday admitted that he had interfered in U.S. elections and would continue to do so in remarks he posted to social media
- Ukraine Defense Minister Oleksii Reznikov said the country received its first delivery of NASAMS air defense systems yesterday from Norway, Spain, and the United States
On the Homefront
- All 435 seats in the House of Representatives and 35 seats in the Senate are on the ballot in today’s midterm elections - follow along with the results here
- Twitter owner Elon Musk posted a tweet yesterday in which he said: “Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic” - see the tweet here
- New York state officials released a transcript yesterday of Mark David Chapman speaking to a parole board, in which Chapman said that he was seeking fame and had “evil in my heart” when shooting John Lennon in 1980
Glitz & Games
- Talk show host Jimmy Kimmel will return as the host for the 95th Academy Awards which will be held on Sunday, March 12th; the show will mark Kimmel’s third stint hosting the ceremony, after previously hosting the 2017 and 2018 telecasts
- Tampa Bay Buccaneers quarterback Tom Brady became the first quarterback in the history of the National Football League to surpass 100K passing yards during their game against the Los Angeles Rams
- Actor Daniel Kaluuya has joined the voice cast of Spider-Man: Across the Spider-Verse, the sequel to the 2018 Academy Award-winning animated film Spider-Man: Into the Spider-Verse; Kaluuya will voice the character of Spider-Punk
Business & Markets
- Major indexes in the stock market closed higher at the end of yesterday’s trading session (Dow +1.31%, Nasdaq +0.85%, S&P 500 +0.96%)
- 32-year-old John R. Tyson, Tyson Foods Inc.’s CFO and son of the company’s chairman, was arrested over the weekend after authorities said he fell asleep in the wrong house; according to the police report, Tyson was arrested for criminal trespassing and public intoxication and booked at the Washington County Detention Center
- Plant-based alternative meat company Beyond Meat (NASDAQ: BYND) launched two new products, Beyond Popcorn Chicken and Beyond Chicken Nuggets, yesterday at 5,000 Kroger and Walmart stores in the U.S., along with select locations of Albertsons and Ahold
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Tip & Tricks
- Bump This: Tuesdays can be tough, but the jangly uptempo track “Afterworld” from Phantom Youth is sure to put some pep in your step - listen on YouTube and Spotify
- Chow Down: Simplicity is the ultimate sophistication - check out this recipe for homemade applesauce that only takes a couple of minutes to whip up and will make you never want to buy canned applesauce again
- Belly Laugh: Watch actor and comedian Will Ferrell briefly revive his George W. Bush impression from his Saturday Night Live days while promoting his upcoming film Spirited on an episode of Today with Hoda & Jenna
- Nerd Out: Read about electric “super-scooters” soon to be unveiled at the EICMA motorcycle show in Milan that can go from 0-62 mph in 2.8 seconds and reach top speeds of 124 mph (geez–we’re scared enough of electric scooters that top out at 10 mph, as is)
- Say What: “I feel very immature. I’ve always been averse to the quote ‘Act your age.’ Or ‘Age gracefully.’ How do you age gracefully? There’s nothing graceful about you. The older I get, the more I try to embrace my inner kid,” actor Sylvester Stallone said in an interview with the Hollywood Reporter during which he reflects on his five-decade career
- Hot Goss: Australian actress Rebel Wilson announced on Instagram yesterday that she has welcomed a baby girl named Royce Lillian via surrogate
- Life Hack: Becoming more open and honest with your emotions helps you better connect with your significant other, friends, family members, and even yourself - here are five self-growth practices to help you become more emotionally available
Looking Back…
On November 8th: Roman Emperor Theodosius I declares Christianity the state religion (392); Super Typhoon Haiyan strikes land in the Philippines (2013); Donald Trump is elected the 45th president of the United States (2016); Scottish chef and restaurateur Gordon Ramsay is born (1954).
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