11.21.2018

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Need To Know.
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USA Gymnastics Fallout.
Former Michigan State University President Lou Anna Simon was charged with lying to police during the investigation into sexual abuse by USA Gymnastics physician Larry Nassar. Nassar - who was a faculty member at MSU's College of Osteopathic Medicine in addition to his role with the gymnastics team - pleaded guilty to 10 separate counts of sexual assault stemming from his time with the gymnastics program earlier this year. Over 150 women gave victim impact statements at his trial. Simon, who resigned in January, faces two felony counts and two misdemeanors for allegedly misrepresenting her knowledge of a Title IX investigation into Nassar back in 2014. She could spend up to four years in prison if convicted.
Pre-Holiday Market Drop.
The Dow Jones Industrial Average dropped over 550 points (or 2.2%) on Tuesday, dragged down by low oil prices and weak returns by large retailers. Oil prices dropped about 7% yesterday, landing around $54.43 per barrel, just months after hitting $75 - the highest point since the crash of 2014. The fall was matched by a 1.8% drop in the S&P 500 and a 1.7% drop in the Nasdaq. Prior to the day the Dow and S&P were up 1.2% and 0.6% on the year respectively, and the fall pushed the indices into the negative for 2018. Tech giant Apple also fell 4.8%, hitting its lowest point since May of this year and representing a cumulative drop of over 20% in the last three months (see price), leading a drop among all of the so-called FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google). 
US-Saudi Relations.
President Trump affirmed relations between the US and Saudi Arabia yesterday, responding to growing questions around Saudi Crown Prince Mohammed bin Salman's role in the killing of Saudi dissident journalist Jamal Khashoggi. Khashoggi, a US resident and contributor to the Washington Post, was killed inside the Saudi consulate in the Turkish capital of Istanbul in early October. The statement follows reports that US intelligence officials concluded the Crown Prince played a central role in ordering the killing, and amid a growing chorus of US lawmakers pushing for more severe punishment. Separately, audio clips recorded by Turkish officials capturing the lead-up and aftermath of the killing were also released yesterday - the audio itself does not implicate the Crown Prince. 

Editor's Note: Have a great Thanksgiving with family and friends! We'll see you again on Friday. 
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In The Know.
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Sports, Entertainment & Culture.
> Health officials in US, Canada tell people to stop eating romaine lettuce due to E. coli outbreak in both countries (More) | Read full CDC food safety alert (More)
> Alabama, Clemson, Notre Dame & Michigan hold steady atop latest College Football Playoff rankings (More) ​| See bowl game projections (More)
> Stranger Things star Millie Bobby Brown named youngest UNICEF envoy at age 14 (More) | What is UNICEF? (More)
Science & Technology.
> NASA announces the first-ever rocks returned from Mars will come from the Jezero crater, which was once filled with water (More)
> Study finds that the brain uses two separate neural networks when anticipating future events (More)
> FCC considers increasing rural broadband minimums from 10Mbps to 25Mbps (More)
Business & Markets.
> Amazon and others bid for 22 regional sports networks owned by Disney (More)
> Softbank's Vision Fund invests $2B in South Korean e-commerce firm Coupang at $9B reported valuation (More)
> Private equity giants KKR & Bain Capital each pledge $10M to distribute severance funds to former Toys R Us employees (More)
Politics & World Affairs.
> Former challenger Rep. Marcia Fudge (D, OH-11) backs Rep. Nancy Pelosi (D, CA-12) in surprise move (More) | After election results certified, Ben McAdams (D) upsets rising star Mia Love (R) in Utah's 4th district by 694 votes (More)
> President Trump submits written answers to Special Counsel Mueller's probe into Russian meddling in the 2016 election (More)
> South Korea’s Kim Jong Yang named Interpol president, beating out Russian security veteran (More)
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Etcetera.
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The first Thanksgiving happened earlier than you think
Check out this science-themed Thanksgiving quiz
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Historybook: HBD French philosopher Voltaire (1694); Thomas Edison announces phonograph invention (1877); HBD Icelandic singer-songwriter Björk (1965); HBD baseball great Ken Griffey, Jr (1969); Robert Mugabe resigns as President of Zimbabwe after 37 years in office (2017).
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