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Tuesday - 05/18/21
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“Time moves slowly, but passes quickly.”
— Alice Walker, The Color Purple

Welcome to Bullet Points by News Bling where we give you a well-rounded dose of bias-free news in the fewest words possible so you can start your day smart. 🧐
 

POLITICS 🏛️

Arizona Republicans criticize Trump’s falsehoods about 2020 election

  • Republican officials in Arizona are rebuking false claims from Donald Trump regarding the 2020 election
  • On Saturday, Trump falsely claimed that Maricopa Country’s entire database had been deleted
  • Stephen Richer, a Republican that heads Maricopa County’s election department, responded to Trump’s claim by saying, “Wow. This is unhinged.”

WORLD 🌎

Chile's government to draft new constitution

  • Chile’s center-right ruling coalition saw a surprising defeat on Sunday after not being able to consolidate ⅓ of the seats in the body that will draft Chile’s new constitution
  • After 90% of the votes were counted, it was evident that the candidates supported by President Sebastian Pinera’s center-right Chile Vamos coalition only received ⅕ of the votes, while independents picked up the most votes
  • The vote to select 155 citizens to redraft the constitution came from protests that stemmed from widespread inequality and elitism. The current constitution drafted during Augusto Pinochet’s dictatorship between 1973-1990 is seen to favor big businesses over the rights of common citizens

BUSINESS 💰

Michael Burry of ‘The Big Short’ reveals short position against Tesla

  • Famous investor Michael Burry’s short position against Tesla was revealed in a regulatory filing on Monday
  • Burry, one of the first investors to call and profit from the subprime mortgage crisis, owns 8,001 put contracts with unknown value, strike price, or expiry as of March 31st
  • Burry previously tweeted that Tesla’s reliance on regulatory credits to generate profits is a hurdle to the company’s long-term prospects

TECH 📱

AT&T to merge WarnerMedia with Discovery to create streaming giant

  • AT&T and Discovery, Inc. announced a deal which will see AT&T’s WarnerMedia being spun off and merged with Discovery to form a new independent media company
  • The deal, pending regulatory approval, will combine two giant collections of content, which includes HBO Max and Discovery+ streaming services
  • The spin off plus merger is seen as a step to compete with Netflix and Disney, the two streaming giants

US 🦅

Supreme Court to hear Mississippi abortion case challenging Roe v. Wade

  • The Supreme Court has agreed to hear arguments in a major abortion case from Mississippi that could reverse limits on abortion laws secured by the landmark reproductive rights case Roe v. Wade
  • The court announced that it will hear the dispute, Dobbs vs. Jackson Women’s Health Organization, 19-1392 during the term beginning in October with a decision is likely to come by June 2022
  • The case surrounds a Mississippi abortion law passed in 2018 that prevents abortions after 15 weeks with limited exceptions. The law was blocked by the 5th U.S. Circuit Court of Appeals
  • As per current Supreme Court precedent, states may not ban abortions that occur prior to fetal viability, which is typically set at around 22 weeks or later

HEALTH 🏥

The Covid-19 variant first found in India goes global

  • A coronavirus variant first detected in India is now global, spreading to dozens of countries and raising fears that the strain will overwhelm health care systems, impact reopening plans and even potentially undermine vaccination efforts
  • Experts believe the B.1.617 variant is responsible for the huge wave in infections seen across India in recent weeks. The country now makes up 50% of Covid-19 cases and 30% of deaths from the virus globally
  • The WHO designated B.1.617 and its sub-lineages as a "variant of concern" on May 10. That classification means a variant may be more transmissible, cause more severe disease, fail to respond to treatment, evade immune response or fail to be diagnosed by standard tests

EXTRA BLING ✨



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