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Need To Know.
Derby Upset After Disqualification.
The Kentucky Derby ended in historic controversy as longshot Country House was declared winner of the iconic race after Maximum Security, who crossed the finish line first, was disqualified for illegally impeding other horses' progress. It was the first disqualification based on a foul in the race's 145-year history - the only other Derby result to be overturned came in 1968, when winner Dancer's Image failed a drug test. After a challenge - made by the jockeys of both Country House and another horse, Long Range Toddy - officials determined that Maximum Security had veered out of his lane and into a third horse, War of Will, after jumping over a puddle during the course's final turn. The move caused a cascading effect, impeding the path of a number of horses (see video here). Country House, who entered with 65-to-1 odds to win, delivered Hall of Fame trainer Bill Mott his first Derby title. Mott said he "felt terrible" having to apologize for winning the race.
Meanwhile, the sport has been roiled by an ongoing crisis at California's prestigious Santa Anita racetrack, where 23 horses have died in the past three months.
Unemployment Hits 50-Year Low.
US unemployment fell to 3.6% in April, the lowest figure since December 1969, according to data from the Department of Labor released on Friday. Supporting the figures was a boost in job growth, with the estimated 263,000 jobs added last month surpassing analysts' forecasts of 190,000 by a wide margin. The data marks the 100th straight month that employment has grown, adding over 20 million new workers since the bottom of the Great Recession in 2009. Average hourly earnings were up 3.2% year-over-year, a monthly gain of 0.2% that missed analysts' mark of 0.3%. The data also shows little threat of inflation, and comes on the heels of a Wednesday decision by the Federal Reserve to hold interest rates steady (see relation between interest rates and inflation). The positive data has finance gurus thinking that the seemingly inevitable economic slowdown (paywall) that was projected by some to hit the US in 2019 may hold off in the near term.
Fighting Along Gaza Border Intensifies.
At least 4 Israelis and 23 Palestinians were killed as fighting along the Israel-Gaza border erupted over the weekend, as Israel pounded the Gaza Strip with airstrikes after Palestinian militants fired hundreds of rockets into southern Israel. Reports also suggested that hackers operating out of Gaza launched a coordinated cyberattack in parallel with the rocket launches. It was the worst bloodshed between the two in five years and represented the first Israeli deaths from Palestinian rocket fire since 2014, when the two carried out a 50-day-long war that left 2,200 dead. The fighting comes on the heels of ongoing protests organized by the Islamic militant group Hamas, who controls the Strip but whom observers say is becoming increasingly desperate to maintain control in the face of a decade-long blockade by Israel and neighboring Egypt. Israel - which surrounds the vast majority of the Gaza Strip (see a 101 on Gaza), a roughly 20-mile-long stretch home to almost 2 million people - has tightly restricted border crossings for close to a decade, citing security concerns.
>Avengers: Endgame tops $2.2B at global box office; now the second highest grossing film of all-time, passing Titanic and chasing Avatar's $2.8B for top spot (More) > Adam Sky, top Australian DJ, dies from accident while trying to help friend in Bali (More) | Rachel Held Evans, popular Christian author, dies at 37 (More)
> The Young and the Restless wins Outstanding Drama at 2019 Daytime Emmys; see full list of winners (More) | Also leads with 5 wins at Daytime Emmy Creative Arts Awards (More)
Look no further for a great night's sleep with the all-new Casper Hybrid Mattress collection. Make counting sheep and sleepy-time tea a thing of the past (More) #Ad
Science & Technology.
> In major advancement for the 3-D printing of replacement organs, researchers demonstrate the printing of intricate blood vessel networks using living tissue (More)
> Study finds that men whose HIV infection is suppressed by antiretroviral had no chance of infecting a partner, giving hope to potentially eliminating the spread of the disease (More)
> Scientists develop designer proteins capable of killing cancer cells while sparing healthy tissue by targeting overactive signaling expressed by cancerous cells (More)
Business & Markets.
> Berkshire Hathaway's annual meeting, informally known as the "Woodstock of capitalism", held over the weekend (More)
> President Trump tweets tariffs will be increased from 10% to 25% on $200B of Chinese goods on Friday, as US/China trade talks have stalled; US futures stock markets fall (More)
> Broadcasting giant Sinclair to buy 21 regional sports stations from Disney for $10B (More)
Politics & World Affairs.
> Senate Budget Committee chairman Mike Enzi (R-WY) will not seek reelection, to step down in January 2021 when term ends (More) | President Trump names Mark Morgan, who served as border chief during Obama administration, as head of Immigration and Customs Enforcement (More)
> Federal court strikes down Ohio congressional map as partisan gerrymandering; case likely to be appealed to Supreme Court (More)
> At least 41 dead after Russian airliner lands in fireball at Moscow airport (More)
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Historybook: Famed neurologist Sigmund Freud born (1856); HBD baseball great Willie Mays (1931); Hindenburg disaster as a German zeppelin catches fire, killing 36 (1937); Roger Bannister becomes first person to run a mile in under four minutes (1954); RIP actress and singer Marlene Dietrich (1992).
"From error to error one discovers the entire truth." - Sigmund Freud
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