Powerball Jackpot Hits $1 Billion

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BUSINESS & ECONOMY

📈 US Manufacturing Expands Rapidly Hitting Peak Since 2022

In March, the US manufacturing sector's ISM PMI rose to 50.3 from February's 47.8, marking its strongest growth since 2022. S&P Global also reported a 22-month production high. Timothy Fiore, Chair of the ISM, stated “Demand was positive, output strengthened, and inputs remain accommodative." Chris Williamson, S&P's Chief Business Economist, noted a solid Q1 and a steep rise in consumer goods prices. 

🌍 US Tops Global LNG Exporters in Previous Year

In 2023, the U.S. led global LNG exports, surpassing Qatar and Australia, with a 12% increase from the previous year, driven by Europe's pivot from Russian gas, as reported by the Energy Information Administration. Amidst domestic debates on environmental and political impacts, the Biden administration paused new gas export projects, balancing climate commitments and energy diplomacy, while existing exports and demand, particularly in Europe, remained robust.

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WORLD

💷 UK Retail Inflation Drops to Lowest in 24 Months

UK shop price inflation fell to 1.3% in March, the lowest in over two years, driven by discounts on Easter goods, clothes, and electronics amidst reduced consumer spending.  Non-food inflation plummeted to 0.2%, with food inflation at 3.7%. Helen Dickinson, BRC Chief Executive warned, "The industry needs pro-growth government policy that supports investment and helps keep down prices for households up and down the country." 

🚨 Iran Accuses Israel of Bombing Embassy in Syria 

Suspected Israeli warplanes targeted Iran's embassy in Syria, escalating tensions with a strike that killed seven Iranian military advisers. This unprecedented attack prompted Iran's U.N. mission to denounce it as a "flagrant violation" of international law, warning of a decisive response. The incident, which also saw Hezbollah vowing retaliation, raises concerns over further regional conflict escalation.

SCIENCE & TECH

✅ Google Commits to Deleting Billions of Browsing Logs in Lawsuit Agreement

Google will delete billions of data records and clarify data storage practices in incognito mode to settle a lawsuit alleging undisclosed tracking in private browsing. Finalized in Oakland Federal Court, the settlement includes no financial penalty but allows individual damage claims. It also permits users to block third-party cookies for five years, addressing privacy concerns valued at $5-$7.8 billion from a 2020 lawsuit.

🔓 ChatGPT's Free Version Now Accessible Without Login

OpenAI announced unrestricted ChatGPT access without signup in select regions, aiming to widen AI engagement. This shift targets increased adoption and data collection, amid concerns over the less accurate GPT-3.5 model and its potential for misuse. OpenAI introduces extra content safeguards and emphasizes its mission, stating, "It's core to our mission to make tools like ChatGPT broadly available so that people can experience the benefits of AI."

SPORTS & ENTERTAINMENT

🏀 Caitlin Clark Leads Iowa to Women's Final Four Victory Over LSU

In a riveting NCAA women’s basketball clash, Caitlin Clark led Iowa past LSU with a stellar 41-point performance, securing a Final Four berth alongside UConn, South Carolina, and NC State. “Job’s not finished,” Clark said after the win. UConn perseveres, will be making their 23rd Final Four appearance

🔴 Cardinals to Compensate Former VP Terry McDonough with $3M in Defamation Case

An NFL arbitrator ordered the Arizona Cardinals to pay $3 million to former executive Terry McDonough for making "false and defamatory" statements about him. The Cardinals acknowledged their mistake, while McDonough's attorney highlighted the victory as unprecedented against an NFL owner. The arbitrator awarded damages for defamation, emotional distress, and punitive reasons.  

OTHER NEWS

🚨 Oregon Governor Reinstates Criminal Penalties for Drug Possession

Oregon Governor Tina Kotek signs a law reversing a 2020 decriminalization measure, making small drug possession a misdemeanor but prioritizing treatment over jail. Kotek emphasizes the need for "deep coordination" across legal and health sectors to succeed. Despite Democratic divisions, the GOP sees this as a correction to failed decriminalization efforts.

🔒 Trump Secures Assets with $175M Bond Amid Appeal in Civil Fraud Case

Donald Trump has secured a $175 million bond through Knight Insurance Group, effectively pausing the collection efforts of a $454 million civil fraud judgment against him. This decision allows Trump to protect his assets while appealing the case brought forth by New York Attorney General Tish James. "This bond blocks those collection measures." 

🎉 Powerball Jackpot Hits $1.09 Billion as No Winners Emerge

The Powerball jackpot surged to an estimated $1.09 billion as no tickets matched Monday night's winning numbers with a Powerball 23. Six lucky players won $1 million each. With a payout option of $527.3 million, the jackpot ranks as the game's fourth-largest. The last jackpot win was by a Michigan player securing $842.4 million. Highlighting the steep odds, winning the Powerball jackpot stands at a chance of one in 292.2 million.

THIS DAY THAT YEAR

On April 2, 1917, President Woodrow Wilson urged Congress for a war declaration against Germany, leading to an official declaration on April 6. Congress authorized Wilson to use all military and national resources to combat the Imperial German Government, pledging full national support to ensure victory.

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