⏱Blocked in China?
Moonshots, and the reopening of schools?
Good morning everyone, and welcome to the best day of the week! We hope you’ve got a comfy couch to watch March Madness on!
According to sources close to the Justice Department, it is reportedly exploring filing a lawsuit against Visa accusing them of “engaging in anticompetitive practices” within the debit card market. Although nothing has been filed yet, the antitrust division has been surveying merchants and gathering information to determine specifically if Visa has limited merchant’s abilities to seek the lowest cost routing for purchases made in their stores. Visa, who currently owns 70% of the market, also has a history with the DOJ — the department sued them in November when they tried to acquire Plaid.
0:30- Everyone has a moonshot
Yesterday Boeing passed a key engine test for their most recent attempt at a deep-space rocket after a heartbreaking failure in January. The test consisted of four engines that ran for eight minutes (twice as long as required), and allowed both NASA and Boeing to gather valuable data to aid them in their attempt to launch a non-manned lunar mission before the end of the year, and a manned mission by 2025.
In one of the first changes to the official guidance since the beginning of the pandemic, the CDC announced yesterday that schools could safely shift to placing students three feet away from each other, as opposed to the previous recommendation of six. This update should play a large role in reopening schools around that nation, a goal that President Biden has constantly fought for. CDC Director Rochelle Walensky said, “I’m hopeful that we are turning a corner on the pandemic. Getting our children back to school in-person instruction as soon as possible is a critical first step in doing so”
1:16- Tempering Tesla
In a surprise announcement, China’s government announced that it was prohibiting the use of Teslas in the country by the government, state employees, and other key companies due to the amount of data the cars collect. Apparently, the cars are a “national security threat” because they have the capability to record images, obtain contacts, and store location data that could be sent to the US.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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