Wednesday, March 27, 2024

WEDNESDAY, MARCH 27, 2024

Good Morning! On this date in 1794, the U.S. authorized the building of six frigates, the start of the U.S. Navy. One of them, the USS Constitution, is the world’s oldest commissioned warship still afloat. (See What Happened to the Ships)

We’d like to point you today to our lead Sports item, featuring a breathtaking performance by U.S. prodigy Ilia Malinin. He broke multiple world records this weekend with an amazing four-minute routine, flying over the ice like no one before him. It’s worth watching.

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Fallout Grows from Baltimore Bridge Collapse

The fallout from the shocking collapse of Baltimore’s Francis Scott Key bridge, closing one of the busiest ports in America, spread throughout the Eastern seaboard Tuesday while rescue efforts continued for missing victims.

Two people were rescued by Tuesday afternoon, but rescuers were still searching for six others who fell into the frigid water after a container ship hit the bridge—causing the structure to collapse almost instantly, as captured here on video

President Biden said the federal government would pay to rebuild the bridge, but in the meantime, shipping into the Port of Baltimore is stopped. Plans to divert cargo shipments to other East Coast ports are underway, but cargo delays are expected.

Trump Media Has a Big Debut

Trump Media & Technology Group stock, on its first day of trading on the NASDAQ exchange as DJT, closed at $57.99 per share, a 16% gain from Monday.

Overall, the company ended with a market value of $7.8 billion. Former President Donald Trump’s stake is valued at $4.6 billion, though his shares are said to be locked up for six months.

Early trading had shares as high as $75.21, nearly a 50% gain, before settling back by the time the market closed. Analysts say many investors in DJT are small-time traders pushing the stock up for short-term profit and support of Trump himself, and not professional long-term investors.

RFK Jr. Picks Nicole Shanahan for VP

Independent presidential candidate Robert F. Kennedy Jr. named Nicole Shanahan, a lawyer, philanthropist, and campaign donor, as his running mate Tuesday.

Kennedy said Shanahan understood technology, would protect the environment, and provide a voice for millennials and Gen Z.

Shanahan, a California-based attorney, is the ex-wife of Google co-founder Sergey Brin and has never run for a political office. Until recently, she was a Democratic donor but said the party “lost its way” and suffered from “elitism.”

Kennedy needed to name a vice presidential candidate to qualify for the presidential ballot in many states.

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➤ NBC News fired former Republican National Committee chairman Ronna McDaniel Tuesday following public protests from many NBC staffers. McDaniel, hired just days ago, is reportedly exploring her legal options. (More)

➤ A New York judge issued a gag order preventing former President Donald Trump from making public statements about witnesses, prosecutors, court staff, and jurors in his upcoming criminal trial. (More)

➤ The Supreme Court heard oral arguments Tuesday over the FDA’s approval of mifepristone, an abortion pill. The justice’s questions indicated reluctance to ban the sale of the pill. (More)

➤ Lawyers for Sean “Diddy” Combs denounced U.S. Homeland Security’s use of “military-level force” during a Monday raid of the rapper’s properties. They said Combs was innocent of sex-trafficking allegations. (More)

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➤ American Ilia Malinin, a 19-year-old figure skating prodigy, won the world championship by landing six quadruple jumps. He recorded the highest score in the championship’s history last weekend. (See Video)

➤ New York Yankees outfielder Oscar González suffered a broken bone in his eye socket after he fouled off a pitch into his face during an exhibition game in Mexico Monday. (See Video)

➤ NFL owners approved the adoption of the XFL’s kickoff play format Tuesday to reduce concussion rates and boost the number of returned kicks per season. (See Details)

➤ UConn women’s basketball coach Geno Auriemma told reporters after advancing to the Sweet 16 that the Huskies’ Paige Bueckers, not Iowa’s Caitlin Clark, was “the best player in America.” (See Video)

Market Report 03/26/2024

▲	NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations	16,408.29	+0.15%
▲	SPX S&P 500	5,225.74	+0.14%
▲	DJI Dow Jones Industrial Average	39,313.27	+.00%
▼	BTC Bitcoin	$69,771.57	–0.19%
▲	DNUT Krispy Kreme, Inc.	$17.35	+39.36%

➤ Big Stock Move: Krispy Kreme stock jumped 39% Tuesday on news that McDonald’s will feature their doughnuts in all of the burger chain’s U.S. locations by the end of 2026. (More)

➤ Visa and MasterCard settled a 2005 lawsuit with U.S. stores over excessive swipe fees Tuesday and announced they would cap merchant fees by 2030. (See Details)

➤ Cocoa prices rose to a record high of more than $10,000 per metric ton Tuesday as poor farming conditions and extreme weather in West Africa, the source of 70% of the world’s cocoa, hurt production. (More)

➤ Amazon announced plans Tuesday to extend its same-day delivery of prescription medications services to customers in New York City and the greater Los Angeles area. (More)

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➤ Boom Supersonic’s XB-1, an independently developed supersonic jet, completed a 12-minute test flight last week, climbing more than 7,100 feet to test the frame and an augmented reality system. (See Flight)

➤ The Hubble Space Telescope captured images of a newly born star erupting from a “molecular cloud” 450 light years from Earth. The area of space is known for emerging protostars and young stars. (See Photo)

➤ A Scottish distiller used artificial intelligence to analyze, artificially age, and produce two imitation bottles of Port Ellen Gemini, a rare whiskey valued at $50,000 a bottle. (More)

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➤ A psychologist who found romance late in life says there are three secrets to success in love after turning 50. (See His Advice)

➤ A new theory about wisdom breaks it down into seven key areas of academic philosophy, offering a formal view of “7 Do’s and Don’ts” for becoming a wise person. (See Theory)

➤ A British hobbyist found a gold nugget weighing 64.8 grams, worth $38,000, using faulty metal-detecting equipment. It may be the biggest nugget ever found in England. (See Photo)

➤ A California police department responded to a law barring police from sharing images of nonviolent crime suspects by superimposing Lego heads over their faces in arrest and booking photos. (See Image)

➤ Spectators in Fairbanks watched as the northern lights illuminated the Alaskan night sky Sunday with a brilliant ribbon of emerald green light. (See Video)

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