Broadband Coming for Rural America

The U.S. government divided $42 billion Monday among all 50 states to bring high-speed broadband Internet service to underserved areas, part of a $1 trillion infrastructure bill. 

Though the funding announcement is clearly meant to help President Biden’s re-election effort, it nonetheless addresses the issue of minimal broadband connectivity in rural areas across America.

Each state will receive at least $107 million for broadband upgrades, with Texas getting the largest slice at $3.3 billion and 18 other states getting over $1 billion, including Alabama, Georgia, Louisiana, Michigan, and Missouri.  

Fox News Revamps Primetime Lineup

Fox News named Jesse Watters to the 8 p.m. time slot formerly held by Tucker Carlson as part of a major revamp of its primetime lineup. 

Laura Ingraham will shift to 7 p.m., and news comic Greg Gutfeld will move to the 10 p.m. slot.  Sean Hannity’s 9 p.m. show will remain unchanged. The moves were prompted by the firing of Carlson, which caused a steep and immediate ratings decline.

Some analysts say the move also shifts Fox into slightly more of a political-entertainment mode, as polling shows Americans growing tired of round-the-clock partisan politics. 

New Obesity Pill May Transform Weight-Loss

If approved, a new pill that works like injections from blockbuster weight-loss drugs Ozempic and Wegovy is expected to revolutionize the weight-loss market. 

Novo Nordisk said its new oral version of semaglutide, the active ingredient in Ozempic, helped overweight adults lose 15% of their body weight in late-stage trials. It plans to file for FDA approval later this year.

Analysts say the potential weight-loss market could reach $100 million worldwide, with pills making up 15 percent of that.

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➤ President Putin told Russians Monday that he would punish the leaders of this weekend’s mutiny, though the Kremlin had said there would be no charges. For his part, revolt leader Yevgeny Prigozhin said in a video that he was fighting defense officials, not Putin. (More)

➤ House Speaker Kevin McCarthy floated the possible impeachment of Attorney General Merrick Garland over the “weaponization” of the Justice Department. At issue are allegations, with possible documentation, that the DOJ interfered with the Hunter Biden investigation. (More) 

➤ A Republican bill in the Senate aims to stop top Department of Transportation officials, including Pete Buttigieg, from flying on private government jets. The bill would require Buttigieg to fly on the commercial airlines he oversees. (More)

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➤ Ross Chastain won his first race in more than a year at Nashville Superspeedway, snapping a 42-race winless streak and taking home the third Cup victory of his career. (More) 

➤ A Belgian shot-putter ran the 100-meter hurdles to save her team from being disqualified. With her team’s hurdler injured, Jolien Boumkwo, who is not a runner, stepped in. She finished last, but she won the Internet. (See Video) 

➤ The Fenway Sports Group, owner of the Boston Red Sox, has bought a team in the TGL, the new tech-forward golf league developed by Tiger Woods. The Boston team joins a Los Angeles team partly owned by tennis greats Venus and Serena Williams. (More) 

Market Report   6/27/23

➤ Big Stock Move: MoonLake Therapeutics shares shot up 77 percent Monday after the company reported positive phase 2 trial results for a new drug therapy to treat acne inversa, a potential $10 billion market. (More)

➤ Publishers Clearing House, the sweepstakes company, agreed to refund $18.5 million to customers. The FTC said the company tricked customers with misleading web pages that hid all the fine print. (More) 

➤ Another downtown San Francisco business is shutting its doors. Cinemark is closing its theaters in the Westfield San Francisco Centre — whose owner is also exiting — citing “challenging business conditions.” (More)

➤ The European Union will publish draft rules tomorrow for establishing a digital euro. The European Central Bank is expected to decide in October whether consumers can use digital euros for retail spending. (More) 

➤ Younger people often prefer TV shows that offer downbeat entertainment when they’re feeling down. A new study indicates that adults over 50 turn to escapist fare, but younger viewers have a persistent preference for negative media. (More) 

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➤ The National Audubon Society published the winners of its 2023 Photography Awards, honoring the best bird photos of the year. This year’s grand prize went to a glamour-shot portrait of two rock pigeons. (See Winning Photos Here) 

➤ Elton John played his last concert in England at the Glastonbury Festival this weekend, attracting 7.3 million TV viewers. The superstar pop pianist is on a farewell tour before retiring from the stage and has only a handful of shows left to play in Europe. (More) 

➤ First Musk vs. Zuckerberg, and now this: GOP Sen. Markwayne Mullin has agreed to fight Teamster leader Sean O’Brien in a Mixed Martial Arts fight. After feuding for months, O’Brien issued a challenge that Mullin, a veteran MMA fighter, accepted. (More) 

Today’s Trivia

What’s the only U.S. state that borders just one other?