⏱Semiconductor Struggles
SpaceX launches, and gold medal allegiances
Good morning everyone, and welcome to the weekend! You made it!
0:05- That’s one quick bird
At 5:49am ET yesterday morning, the Falcon 9 Crew-2 took off with four astronauts (Shane Kimbrough, Megan McArthur, Akihiko Hoshide, and Thomas Pesquet) in tow, making it SpaceX’s third successful crewed mission in the last twelve months. By the time you’re reading this email, the crew will have already landed at the ISS, joining the seven fellow astronauts already there. This mission was also meaningful as it marked the first time a recycled rocket has been used to transport astronauts, a huge boon for sustainable space travel.
0:29- A gold medalist goes to Gap
Simone Biles formally announced yesterday that she was leaving Nike and would be signing a contract with Athleta, a women’s activewear brand owned by Gap, instead. As a new part of her deal, Biles will receive her own line of performance and lounge wear. In her statement, she explained her decision, saying, “I felt like it wasn’t just about my achievements, it’s what I stood for and how they were going to help me use my voice and also be a voice for females and kids.”
0:52- Intel indicates prolonged struggle
In its earnings report Thursday afternoon, Intel’s CEO Pat Gelsinger told investors that the supply constraints for semiconductors will continue to affect the global economy for months, saying, “This will take a while until people can put more capacity in the ground. It’s just the way it is when you’re building new factories.” As they delved deeper into earnings, the tech giant released earnings that were weaker than Wall Street expectations on the top and bottom lines.
1:12- A trip fit for a President
The Biden Administration released travel plans for the future yesterday that show that the President will be making his first overseas trip in June, where he’ll travel to both the UK and Belgium to take place in both G7 and NATO meetings with allied nations. The reports also indicated that the President will seek to “reset links with various allies.” Currently the President is virtually attending a climate summit as he pushes for reductions in greenhouse gas emissions.
Have a great rest of your day, and we’ll see you Monday bright and early!
-The 90 Second News Team
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