Good morning everyone, and welcome to the last edition of 90 Second News! We just wanted to take a moment to sincerely thank each and every one of you for all of the support over these past 6+ months—it was a joy and honor to write for a group of loyal readers, and we’ll miss it!
Thanks once again!
-Austin, Tyler, and Joe
In case you haven’t heard yet, both Elon Musk and Miley Cyrus will be on SNL later tonight. For the world’s richest man, this is simply a chance to unleash his Twitter jokes in real life, such as “Baby Shark & Shark Tank merge to form Baby Shark Tank” as well as the potential to spike Dogecoin—a cryptocurrency that has climbed over 12,000% since January largely thanks to Musk’s jokes about it. In fact, he already tweeted about a guest star.
The April Jobs report was released yesterday and the US created a total of 266k jobs last month, which sounds great until you realize that the consensus estimate was for 1M. This actually caused an increase in the unemployment rate by .1%, and many sectors saw a net decrease in employment such as Manufacturing who lost more than 18k jobs. On the other hand, the leisure and hospitality industry added more than 331k workers—although that’s still 2.9M lower than it was pre-Covid.
In the launch of iOS 14.5, Apple released a new feature that allowed iPhone users to opt out of targeted advertising by not allowing apps to track your usage across other apps/web activity. A report issued from the analytics firm Flurry has found that only ~4% of users have opted into this tracking—providing a very sharp decline in available data for advertisers.
1:15- WHO did what?
Yesterday the World Health Organization announced that it had approved the first Chinese vaccine, Sinopharm, for global use under an “emergency use listing”. This decision comes after weeks of debate and testing, and will likely be one of the keys in helping the developing world with its crippling lack of available vaccines. Thomas Bollyky, director of global health at the Council on Foreign Relations, said, “The world needs as many safe and effective vaccines as possible. This is good for the world.”
Have a great rest of your day, and we’ll hopefully see you sometime in the future!
-The 90 Second News Team
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