BUSINESS & MARKETS
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- π° US markets closed down across the board (S&P: -0.5%; Dow: -1.0%; Nasdaq: -0.6%).
- π US GDP grew a seasonally-and inflation-adjusted 1.6% in Q1, below analysts' expectations of 2.4%; federal data also indicates inflation was higher than expected in March.
- π Microsoft reported quarterly earnings that beat analystsβ expectations on revenue and profit. | π Alphabet also reported earnings that topped analysts' expectations on revenue and profit; in addition, the tech giant announced its first dividend. | π Rounding out the trio: Snap unveiled a strong earnings report, sending shares up ~25% in after hours trading.
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SPORTS, MEDIA & ENTERTAINMENT
- π USC QB Caleb Williams was selected by the Chicago Bears with the #1 overall pick in the NFL Draft. See the full Round 1 results. | ποΈ Da Bears also unveiled a $4.7 billion proposal for a new lakefront stadium.
- π Harvey Weinstein's 2020 rape conviction has been overturned by the State of New York Court of Appeals, which ordered a new trial; the disgraced Hollywood producer will remain behind bars as it plays out due to his rape conviction in the state of California.
- π€ Paramount and Skydance Media are inching closer to a deal.
SCIENCE, SPACE & EMERGING TECH
in partnership with Meco
- π§βπ Chinese astronauts successfully repaired damage to the countryβs Tiangong space station caused last month by a piece of space debris. (Space junk: a growing problem) | βοΈ Scientists are preparing for a potentially hazardous asteroid that will fly by Earth in 2029 at a distance ~10x closer than the Moon.
- π€ A Baltimore-area high school athletic director has been arrested and charged with using AI to impersonate his principal and frame him for fake racist and antisemitic comments.
- π₯ The FDA announced that tests of commercially available milk detected traces of bird flu, though federal officials say the risk to the public remains low.
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