American Food Spending At 30-year High!

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BUSINESS & ECONOMY

📈 Goldman Predicts Weight-Loss Drugs May Increase US GDP by 1%

Goldman Sachs predicts new weight-loss drugs could increase U.S. GDP by 1%, driven by improved workplace efficiency. Market projections indicate a potential $100 billion annual revenue, led by Novo Nordisk and Eli Lilly. GLP-1 agonists may see 10 to 70 million new users by 2028. Coupled with AI-driven drug innovation, this could raise GDP by 1.3%, around $360 billion yearly, with greater impact expected in the U.S. due to comparatively poorer health outcomes elsewhere.

🍽️ Americans Allocate Highest Income Portion to Food Since Gulf War, Say Federal Reports

In 2022, American food spending hit a 30-year high at 11.3% of disposable income due to inflation, impacting everything from groceries to dining out. Prices continued to rise into 2023, with reluctance from businesses to cut prices despite economic pressures. President Biden criticized "shrinkflation," calling out companies for reducing product sizes, stating, "The American public is tired of being played for suckers."

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WORLD

📈 Japan's Nikkei Breaks "Lost Decade" Funk with Record High

Japan's Nikkei index hit a record high, reflecting recovery from its "lost decade" and benefiting from the AI boom and Western tensions with China. Key semiconductor firms like Tokyo Electron and Advantest doubled in value, driving the Nikkei's rise. However, this surge doesn't signal a broader economic boom, as Japan entered a recession at the end of 2023, highlighting Japan's strategic position amid deteriorating Sino-Western relations.

🇺🇸 US to Back Taiwan, Election Outcome Irrelevant, Says Rep. Gallagher During Island Visit

During a bipartisan delegation visit to Taiwan, U.S. House Rep. Mike Gallagher affirmed unwavering American support for Taiwan, regardless of U.S. election outcomes. Highlighting the importance of U.S. backing for Ukraine in deterring Beijing, Gallagher emphasized, "The outcome in Ukraine matters not only for Ukraine and American credibility, but for deterrence in the Indo-Pacific, for cross-strait deterrence."

SCIENCE & TECH

🍏 Apple Launches App for Sports Fans

Apple has launched the Apple Sports app in the U.S., U.K., and Canada, offering live sports scores, stats, and betting odds for free to iOS 17.2+ users. Integrated with Apple TV for game streaming, the app simplifies following favorite teams and leagues, with a spotlight on the 2024 MLS Season, highlighting Apple's dive into sports and entertainment tech.

🚀 Odysseus Marks First US Moon Landing in Over Half a Century

Odysseus, the US-made lunar lander, achieved a historic touchdown on the moon, thanks to a last-minute save with NASA's Navigation Doppler Lidar (NDL) after navigation equipment failures. The mission marks the first US landing in over 50 years, with the lander "upright and starting to send data." It also carried Jeff Koons' art, "Moon Phases," highlighting a blend of technology and art in space exploration. NASA Administrator Bill Nelson hailed the mission as a demonstration of "the power and promise of NASA's commercial partnerships," celebrating this "great and daring quest."

SPORTS & ENTERTAINMENT

🎬 Barry Tubb Files Lawsuit Against Paramount for Unauthorized Image Use in Top Gun Sequel

Barry Tubb, "Wolfman" from 1986's Top Gun, is suing Paramount Pictures for unauthorized use of his image in Top Gun: Maverick (2022). The lawsuit claims the sequel improperly used and altered a photo of him, violating copyright and falsely implying his endorsement. Tubb seeks damages, stressing "Paramount's conduct is therefore misleading and deceptive," and demands a jury trial. Paramount has not commented.

🏈 Matt Araiza Joins Chiefs as Rape Lawsuit Withdrawn

Matt Araiza, dubbed "Punt God," rebounded from a gang-rape accusation at a college party, which led to his release by the Buffalo Bills, to sign with the Kansas City Chiefs. After the lawsuit was dropped and actions deemed consensual, Araiza expressed, "I am proud and honored to sign with the Chiefs," and plans to sue the accuser's lawyer for defamation.

👖 Nike Faces MLB Uniform Fiasco with Pants Shortage

The Cincinnati Reds are facing a shortage of Nike pants, leading to the use of old uniforms. MLBPA's Tony Clark cited concerns over uniform fit, quality, and transparency, with Nike and MLB promising solutions for player comfort and design. Players and attendants are frustrated by customization limits and increased workload, with critiques pointing to poor management of the situation.

OTHER NEWS

🏫 Texas Judge Allows School District to Limit Male Students' Hair Length

A Texas judge ruled that the CROWN Act doesn't prevent hair length restrictions in schools, affecting student Darryl George, who was suspended for his locs. Despite the setback and George's poignant query, “All because of my hair?”, supporters, including CROWN Act co-authors, vow to fight for inclusivity. The case highlights deep-seated issues around cultural expression and discrimination in education.

📱 AT&T Resumes Service Following Major US Cellular Disruptions

AT&T's nationwide service outage affecting thousands was attributed to a process error during network expansion, not a cyberattack. Over 71,000 outages peaked early Thursday, with service fully restored by afternoon. Other carriers also reported issues due to AT&T connectivity. The FCC, alongside FBI and DHS, investigates, amid concerns about 911 access. AT&T apologized, emphasizing customer connection as their "top priority."

🐆 Elton John's Leopard-Print Rolex Daytona Breaks World Auction Record

Elton John's collection, featuring a record-setting leopard Rolex Daytona and Banksy's Flower Thrower Triptych, headlined Christie's Goodbye Peachtree Road sale, amassing $8 million. Highlights included a $441,000 Bentley Continental, vintage Versace, and rare Cartier watches. Tash Perrin of Christie's hailed it a privilege to auction John's "inspiring collection," with further sessions planned.

THIS DAY THAT YEAR

On 23 Feb, 1836, the Alamo found itself under siege by the Mexican army commanded by General Antonio López de Santa Anna. This marked a pivotal moment during the Texas war for independence. Over the course of 13 days, the Alamo valiantly resisted capture, ultimately becoming a potent symbol of heroic defiance for Texans.

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