Economy Boom Unbelievable

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BUSINESS & ECONOMY

📈 Jamie Dimon, CEO of JPMorgan Chase, Calls US Economic Boom 'Unbelievable' 

JPMorgan Chase CEO Jamie Dimon lauded the "unbelievable" U.S. economy at The Economic Club of New York, highlighting strong employment and consumer finances. He cautioned against national debt, inflation, and geopolitical risks, advocating for inclusive growth and better regulatory relationships. Dimon declared his readiness to serve in government, stating, "I want to help my country." 

📈 US Economy Expands Amid Manufacturing Wobble 

April's U.S. Manufacturing PMI fell to 49.9, missing the expected 52.0 and indicating a manufacturing slowdown. Chris Williamson of S&P Global highlighted a significant "wobble" in growth despite continued expansion. He highlighted concerns about business confidence and the effects of prolonged high-interest rates, remarking, "It's going to be interesting to watch this and see how that persists."

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WORLD

🌍 Senate Passes Aid for Ukraine and Israel, Moves Bill to Biden 

The U.S. Senate passed a $95.3 billion aid package, allocating $60.8 billion to Ukraine, $26.4 billion to Israel, and $8.1 billion to Taiwan. Set to be signed by President Biden, the bill includes a potential TikTok ban highlighting America's commitment to global leadership. Senator Schumer emphasized stating, "When it matters most, will America summon the strength to come together?"  

🇬🇧 UK on war footing boosts defense, pledges $620M military aid to Ukraine

The U.K. pledges $620 million in arms to Ukraine and plans to increase defense spending to 2.5% of GDP by the end of the decade, adding £75 billion over six years. This move, including significant arms like advanced munitions, aligns with NATO's defense priorities. Prime Minister Sunak emphasized, "In a world that is the most dangerous it has been since the end of the Cold War, we cannot be complacent." 

SCIENCE & TECH

🏛️ Senate Approves TikTok Ban Unless Sold by Parent Company

U.S. Senate Passes TikTok Sale or Ban Bill With a decisive 79-18 vote, the Senate mandates TikTok's sale by ByteDance within a year or face a ban. The decision, supported by the House and President Biden, faces opposition from TikTok, which vows to contest the legislation as a violation of First Amendment rights for its 170 million American users. 

🕶️ Meta Updates Ray-Ban Smart Glasses with New AI Features

Meta updates Ray-Ban Smart Glasses with new multimodal AI features, the glasses now deliver instant information and translations, ideal for travelers. New styles and hands-free video calls via WhatsApp and Messenger enhance connectivity. Currently in U.S. and Canada beta, with a global launch pending. Notably, Now you can hop on a video call with your mom and get her advice based on what you see.

📵 iPhone Considered Security Risk, May Face Ban in Country's Military

The South Korean military is considering banning iPhones from all military headquarters due to security concerns over voice recording capabilities. As per an April 11th announcement by the Korean Air Force, effective June 1st, iPhones and all smartwatches will be banned, while Android phones like Samsung are allowed. This policy, driven by iPhone's incompatibility with the National Defense Mobile Security app, could affect nearly 500,000 personnel if extended. 

SPORTS & ENTERTAINMENT

🏀 Tyrese Maxey Surpasses Coby White as NBA's Most Improved Player

Philadelphia 76ers guard Tyrese Maxey won the NBA's Most Improved Player award, topping Coby White and Alperen Sengun. Averaging 25.9 points and becoming an All-Star, Maxey excelled in his first season as a full-time point guard. He emphasized the importance of his offseason work: "I just want to be the best possible version of myself." Maxey led with 319 points.

Anne Hathaway Recalls Gross Audition Involving Kissing 10 Men for Chemistry Tests

Anne Hathaway recalled a disturbing early career audition, where she was asked to kiss ten co-stars, an experience where she had to fake excitement despite finding it "gross." In an interview, Hathway shared that in the 2000s It was normal to ask actors to make out with potential co-stars during chemistry tests, "Which is actually the worst way to do it."  

OTHER NEWS

🏫 U.S. Colleges See Rising Gaza Protests; Massive Brooklyn Rally Draws Thousands 

Protests against Israel's actions in Gaza are intensifying across U.S. universities and the streets of Brooklyn, criticizing U.S. support amid escalating civilian casualties. Demonstrations, coinciding with Passover Seders, have led to numerous arrests, fueling debates over free speech rights. Afaf Nasher of CAIR cautioned, "The use of police force to stifle dissent undermines academic freedom." 

🔫 Tennessee Legislature Approves Bill for Teachers to Carry Concealed Guns

Tennessee House Republicans approved a bill with a 68-28 vote allowing some teachers to carry concealed handguns on school grounds without disclosing the armed individuals' identities. Advocates claim it enhances security, while critics, chanting "Blood on your hands," argue it caters to gun industry donors. Rep. Justin Jones labeled the move "morally insane," marking a significant expansion in gun access.

THIS DAY THAT YEAR

On April 24, 1800, President John Adams authorized a legislative act that allocated $5,000 for the purchase of essential books for Congress, marking the inception of what would become the world's largest library. The first shipment of books, sourced from London, arrived in 1801 and was housed in the U.S. Capitol, the library's initial home.

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