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Saturday, May 31

In The NEWS

Sports, Entertainment, & Culture
> Music legend Smokey Robinson files $500M defamation lawsuit against four women who accused him in lawsuit of sexual assault (More) | Michael Sumler, member of iconic R&B band Kool & the Gang, dies in car crash at age 71 (More)

> Texas seventh grader Faizan Zaki spells "éclaircissement" correctly to win 97th Scripps National Spelling Bee after finishing runner-up last year (More)

> The 2025 NCAA baseball tournament kicks off today; see previews for all 16 regional sites (More) | MLB to invest in upstart women's professional softball league; Athletes Unlimited Softball League set to launch in June (More)


Science & Technology
> Leinweber Foundation makes largest philanthropic gift ever in the field of theoretical physics, granting a total of $90M to Princeton, MIT, and the universities of Michigan, Chicago, and California, Berkeley (More)

> Meta and Anduril to develop combat-ready virtual reality glasses and wearables for the US military; Anduril cofounder Palmer Luckey previously founded VR startup Oculus, acquired by Meta in 2014 (More)

> White-nose syndrome in bats can be traced to two separate strains of fungi originating from Ukrainian caves; an epidemic responsible for killing 90% of certain North American bat species likely brought over by cave explorers (More)


Business & Markets
> US stock markets close up (S&P 500 +0.4%, Dow +0.3%, Nasdaq +0.4%) (More) | Gap shares drop 15% in after-hours trading after retailer reports it expects tariffs to cost between $100M to $150M with mitigation efforts (More) | Dell shares rise in after-hours trading after raising full-year earnings outlook on AI demand (More)

> Ex-Goldman Sachs banker sentenced to two years in prison for role in taking more than $4.5B in kickbacks and stolen funds from a Malaysian sovereign wealth fund intended for energy and infrastructure projects (More)

> CEO compensation in 2024 for S&P 500 executives up nearly 10% over previous year to a median of $17.1M (More, w/chart)


Politics & World Affairs
> Health and Human Services cancels $766M award to pharmaceutical company Moderna to develop bird flu vaccine (More) | No H5N1 bird flu cases have been found in humans in three months (More)

> Supreme Court rules to greenlight 88-mile expansion of oil and gas railroad project in Utah, curbing judicial authority to block projects on environmental grounds (More)

> State Department notifies Congress of plan to reduce staff by 18%, above the 15% flagged weeks earlier; will also eliminate a division focused on resettling Afghan refugees (More) | Elon Musk ends tenure as chief operating officer at the Department of Government Efficiency, returns full time to businesses (More)



SOURCE:  1440 NEWS

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