5.4.2022

Leak Fallout, Record Job Openings, and a San Francisco View Everything you need to know for today in five minutes.

Good morning. It's Wednesday, May 4, and we're covering the fallout from the leaked SCOTUS decision, another record month for job openings, and much more. Have feedback? Let us know at [email protected].

NEED TO KNOW

 

SCOTUS Leak Fallout

The fallout from the leak of a potential Supreme Court ruling that would overturn the Roe v. Wade decision continued yesterday, with a number of protests being held around the country. The 1973 decision in Roe provided the constitutional basis for abortion rights in the US.

 

The leaked opinion followed December arguments in Dobbs v. Jackson, which challenged a Mississippi law generally banning the procedure after the 15th week of pregnancy. Rather than uphold the state's ability to place such limits, the draft suggests the court has voted to overturn Roe, allowing individual states to establish their own rules regarding the procedure. 

 

Specifically, the court disagreed with the premise of Roe—that the right to an abortion was guaranteed under the Due Process Clause of the 14th Amendment. Find the full 98-page document here (relevant passage on page 5). 

 

Analysts noted stances may shift between draft opinions and final issuance. The procedure would become illegal in 13 states should the decision hold, while 18 states have codified some form of rights to abortion (see map). The final ruling is expected in the early summer.

 

Aside from the decision's impact, observers say the leak itself is unprecedented in Supreme Court history. The court yesterday said the document was authentic and launched a probe to uncover its source.

Record Job Openings

Employers posted 11.5 million job openings in March, while 4.5 million Americans voluntarily quit their jobs, according to government data released yesterday. Both figures are the highest on record and reflect a tight labor market that has encouraged workers to seek better opportunities and higher pay. 

 

The total number of separations—including quits, layoffs, and discharges—was at 6.3 million, up from 6.1 million in February. Altogether, the data show there are two job openings for every unemployed person. Analysts say employers could continue to raise wages to draw in workers, fueling rising inflation. Wages and salaries have increased 4.7% in the 12-month period ending in March, while inflation hit 8.5% for the same period. 

 

The data on the labor market help the Federal Reserve determine interest-rate policy as a way to curb inflation. The Federal Reserve is poised to raise interest rates today for the second time this year since 2018. 

Brittney Griner Status

The US government reclassified WNBA player Brittney Griner’s detention in Russia as wrongfully detained yesterday, nearly three months after the star was arrested on alleged drug charges. Griner is being held in Russia until at least May 19 after Russian agents claimed to find vape pens with hashish oil in her luggage, a charge that could mean up to 10 years in prison. The change means the special envoy of hostage affairs will take over the case and take targeted steps to negotiate her release, without waiting for the case to go through Russian courts.

 

Separately, the WNBA announced Griner’s initials and jersey number will be displayed on all courts this season, which begins Friday. Griner, who plays for the Phoenix Mercury, is a two-time gold medalist and seven-time WNBA all-star.

 

The news comes a week after the US carried out a prisoner swap with Russia for jailed Marine Trevor Reed.

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IN THE KNOW

 

Sports, Entertainment, & Culture

> Liverpool advances to UEFA Champions League final after topping Villarreal 3-2 in second leg match (More) | UEFA bans Russian national and club teams from international competition, including 2023 Women's World Cup (More)

 

> David Birney, actor known for starring in "St. Elsewhere" and "Bridget Loves Bernie," dies at 83 of Alzheimer's (More) | "Toddlers & Tiaras" star Kailia Posey dies at 16, cause of death not yet confirmed (More

 

> Amber Heard loses motion to dismiss ex-husband Johnny Depp's $50M defamation lawsuit; Heard likely to take the stand today (More) | Attacker rushes stage during show by comedian Dave Chappelle (More)

Science & Technology

> Meta (Facebook) makes available large language model, which incorporates 175 billion parameters, open for AI researchers (More)

 

> Researchers develop a new treatment approach for repairing or reconstructing damaged tendons using silk proteins (More)

 

> Astronomers detect the brightest pulsar located outside the Milky Way ever observed; the hyper-dense neutron star was previously thought to be a separate galaxy (More) | More on neutron stars, some of the strangest objects in space (More, w/video)

Business & Markets

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> US stock markets up for second consecutive day (S&P 500 +0.5%, Dow +0.2%, Nasdaq +0.2%) ahead of today’s Fed decision where analysts expect rates to increase 0.50% (More)

 

> Starbucks tops earnings estimates as quarterly same-store sales increase 7% (More) | Airbnb posts 70% revenue growth on record bookings and higher nightly rates, surpasses 100 million nights booked in a quarter for first time (More) | BP takes $25B loss from exit of Russia holdings, but core business tops earnings expectations (More)  

 

> Securities and Exchange Commission to add 20 positions to its team responsible for protecting cryptocurrency investors; total number of crypto-focused employees now around 50 (More)

From our partners: The last day to invest in robotic pizzerias. 800º GO’s fully automated robotic pod crafts fresh artisanal pizza in just 3 minutes. Aiming to disrupt the US pizza market (which is expected to reach $54 billion by 2023), the high-growth business model has a massive cost-cutting advantage and is launching in markets across the globe. To date, they’ve opened nearly 40 locations in 13 domestic and international markets, and they're on track to open 100 locations in 2022. Invest before the raise closes tonight!

Politics & World Affairs

> Russian airstrikes hit the western Ukrainian city of Lviv, causing power outages; evacuees from the besieged southern port city of Mariupol arrived in the Ukraine-controlled city of Zaporizhzhia (More) | See updates on the war here (More)

 

> Venture capitalist JD Vance wins 2022 Ohio GOP primary for the US Senate; Vance will face off current Rep. Tim Ryan (D, OH-13) in the midterm elections to replace outgoing Sen. Rob Portman (R) (More) | See all Ohio primary election results here (More) | See Indiana primary election results here (More)

 

> Rep. Antonio Delgado (D, NY-19) selected as new lieutenant governor for New York; Delgado replaces former Lt. Gov. Brian Benjamin (D) who resigned after being arrested on corruption charges (More)

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ETCETERA

 

May the Fourth be with you (a history).

 

Exploring this year's best world-changing ideas.

 

Visualizing Netflix's big drop.

 

April's best science photos.

 

Inside the soon-to-open orbital space hotel.

 

Garth Brooks fans trigger a seismic event.

 

America's best spots for stargazing.

 

High-resolution drone footage from Kansas' recent tornado.

 

Clickbait: One weird trick to get a great view of San Francisco.

 

Historybook: Actress Audrey Hepburn born (1929); First Grammy Awards held (1959); Four killed, nine injured after National Guard open fire at Kent State University (1970); Margaret Thatcher becomes first female prime minister of the UK (1979).

 

"You can tell more about a person by what he says about others than you can by what others say about him."

- Audrey Hepburn

Why 1440? The printing press was invented in the year 1440, spreading knowledge to the masses and changing the course of history. Guess what else? There are 1,440 minutes in a day and every one is precious. That’s why we scour hundreds of sources every day to provide a concise, comprehensive, and objective view of what's happening in the world. Reader feedback is a gift—shoot us a note at [email protected].

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