Doubts on the FDA Approval of Abortion Pill

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What’s Hot Montana Governor Greg Gianforte has banned TikTok to "protect Montanans' personal and private data from the Chinese Communist Party", making it the first state to do so. Violators face $10,000 fines daily. TikTok, accused of infringing First Amendment rights, vows to fight back..

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🤨 Senate Democrats Urge Biden: End Debt Ceiling Negotiations, Pursue Permanent Solution

5 Democratic Senators, led by Elizabeth Warren and Bernie Sanders, are pressuring President Biden to bypass Congressional deadlock on the debt ceiling crisis by invoking the 14th Amendment, potentially declaring it unconstitutional. Though some legal experts and lawmakers agree, others, including Republicans, White House officials, and even Biden himself, have expressed concerns about possible litigation and the precedent this action could set.

📈 US Mortgage Demand Slumps as Interest Rates Soar to 2-Month High

US mortgage applications dropped 5.7% due to rising interest rates, now at a 2-month high of 6.57%, according to the Mortgage Bankers Association. Refinance applications are down 4% YoY, reflecting the market's sensitivity to rate fluctuations. The Federal Reserve's aggressive anti-inflation efforts and limited property inventory, this has led to dampened consumer demand, impacting the housing market.

⚔️Europe Unites to Assess Costs of Moscow's War in Ukraine

Over 40 nations, meeting at the Council of Europe summit, have agreed to create a system to record Russia's damages to Ukraine, aiming at future reparations. This move coincides with discussions on a potential tribunal for Russia's war crimes. Despite the challenges of enforcing any rulings, German Chancellor Olaf Scholz hailed Europe's unity, stating, "We stand closer together in Europe than ever before."

💰 IMF Approves $3 Billion Credit Facility to Boost Ghana's Economic Growth

The IMF Executive Board has approved a $3 billion, and a 36-month Extended Credit Facility arrangement for Ghana. This also includes an immediate disbursement of about $600 million. The decision supports Ghana's Post-COVID-19 Program for Economic Growth, aiming to restore macroeconomic stability, and debt sustainability, and foster inclusive growth.

👽 Alien World: Earth-sized Planet Engulfed in Widespread Volcanism

An Earth-sized exoplanet, likely volcanically active due to significant gravitational interaction with a larger neighboring planet, has been detected in the Milky Way, 86 light-years away. Scientists infer this constant volcanism resembles that of Jupiter's moon Io. With one side perpetually in daylight, the other in the darkness, conditions vary from hot, dry desert to potential icy glacier, with possible liquid water near the day-night intersection.

🤖 Google's PaLM 2 AI Models to Revolutionize Ads and Aid YouTube Creators

Google plans to incorporate AI, particularly its powerful large language model (LLM), PaLM 2, into advertising and ad-supported services, helping advertisers generate media assets and suggest video ideas for YouTube creators. The technology is also tested for automating customer service across 100+ Google products. Amid competition from other tech giants and declining ad conversion rates, Google seeks to leverage AI to boost revenue and improve margins.

🚘 Prince Harry & Meghan Report "Near Catastrophic" Paparazzi Car Chase in New York

Prince Harry, Meghan, and Doria Ragland (Meghan's Mother) experienced a dangerous 2-hour paparazzi chase post-Women of Vision Awards in New York, causing near collisions and public risk. The chaotic pursuit involved aggressive paparazzi on various vehicles. With NYPD's help, they escaped via a tactical diversion. The Sussexes' spokesperson condemned the intrusion, emphasizing safety over public interest.

🗳️SAG-AFTRA Board Seeks Members' Approval for Strike Authorization

SAG-AFTRA board unanimously recommends strike authorization, seeking members' approval before upcoming TV/film contract negotiations with Alliance of Motion Picture and Television Producers, (AMPTP). Aiming for leverage against increasing executive pay and reduced performers' compensation amidst industry changes, the decision empowers the board to call a strike, if necessary. Voting runs from May 18 to June 5; a potential strike could occur after the current contract's June 30 expiration.

🙅‍♂️ Republicans Slam Biden's Japan Trip Amidst Debt Ceiling Talks

Republicans criticized President Biden for attending G7 meetings in Japan amidst ongoing debt ceiling negotiations. They urged him to prioritize domestic issues, with House Speaker Kevin McCarthy demanding focus on "American problems and finding American solutions." Biden plans to return early from his Asia trip. Republicans insist on tying the increased borrowing limit to reduced government spending, while Democrats prefer to keep these matters separate.

💊 US Appeals Court Casts Doubt on FDA's Approval and Regulation of Abortion Pill

In a hearing on Wednesday, a US appeals court seemed prepared to restrict the availability of the commonly used abortion pill, mifepristone, casting doubt on the FDA's decisions about the drug. Critics, including anti-abortion doctors, allege the FDA did not follow proper regulatory protocols in its approval and argue that the pill is unsafe. A decision in favor of curbing the drug could significantly impact abortion access and the FDA's regulatory authority.

🫰 Deutsche Bank to Pay $75 Million to Jeffrey Epstein's Victims

Deutsche Bank has agreed to a $75 million settlement in a proposed class-action lawsuit filed on behalf of Jeffrey Epstein's abuse victims, alleging the bank enabled Epstein's sex trafficking. The payout will be available to over 125 victims who had earlier received compensation from Epstein's estate's restitution fund. The settlement awaits approval from a federal judge.

On this day in 2001, the beloved comedy Shrek hit theaters in the US. Featuring the voices of Mike Myers, Eddie Murphy, and Cameron Diaz, it went on to win the first-ever Academy Award for Best Animated Feature.

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