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HEARING NO. 2: TRUMP ‘DETACHED FROM REALITY’
In its second public hearing, the House Jan. 6 Committee revealed that on election night of 2020 and the days following, then-President Donald Trump’s aides and Cabinet officials told him he was unlikely to win the election, and that no fraud or irregularities could be found. Yesterday’s hearing featured testimony from former Attorney General Bill Barr, Ivanka Trump and Jared Kushner — the former president’s daughter and son-in-law — as well as Sidney Powell and Rudy Giuliani, lawyers who pushed false allegations of fraud on Trump’s behalf. The testimony supported the chief point the committee sought to make: Trump knew he had lost the 2020 election, was told that fact many times, and nonetheless persisted in his effort to cast doubt on the results. Cheddar’s Ben Deeter covered yesterday’s hearing, breaking down the most damning quotes and all of the key takeaways. The next hearing is tomorrow at 10 a.m., which you can watch live on Cheddar.com or on the Cheddar News app. CHEDDAR
WALL STREET STRUGGLES SPILL INTO CRYPTO
Fears about a possible recession pounded markets yesterday, leading Wall Street's S&P 500 to tumble into bear market territory after sinking more than 20% below its record set earlier this year. The drop comes as a result of a general feeling on Wall Street that the Federal Reserve’s plan to tame inflation — raising interest rates to cool down the economy — risks a recession if used too aggressively. These fears spilled over to the cryptosphere, where Bitcoin hit its lowest point since December 2020, briefly dropping below $23,000. A major sell-off caused crypto lending company Celsius Network to freeze withdrawals and transfers of BTC, citing "extreme" conditions. Since the start of this past weekend, more than $200 billion has been wiped off the entire cryptocurrency market, bringing its market capitalization below $1 trillion for the first time since February 2021. WSJ
UKRAINE: SEVERODONETSK NEARLY CUT OFF
In perhaps a final push for the key city of Severodonetsk, Russia has made all three bridges connecting Severodonetsk to its twin city Lysychansk impassable for vehicles. A Ukrainian official says this severely limits evacuation options for people trying to flee the embattled city, and nearly cuts off all routes used to supply those still in Severodonetsk. Ukraine’s President Volodymyr Zelenskyy said that fighting remains severe in the eastern city, adding that the adversaries are fighting for “literally every meter.” CNBC
MIDTERM PRIMARIES CONTINUE TODAY
Another Tuesday means another day of primary elections. Today, voters in Maine, Nevada, North Dakota and South Carolina head to the polls to choose their party’s nominees for November’s midterms. Not many shakeups are expected from today’s races, but the attention will be on the swing state of Nevada, where the Republican Senate race features Trump-endorsed former state Attorney General Adam Laxalt as a favorite against Army veteran Sam Brown. The winner will face vulnerable incumbent Democrat Sen. Catherine Cortez Masto — a critic of President Joe Biden — in November’s general election, when Democrats will try to hold onto their razor-thin control of the Senate. NY TIMES
OHIO ALLOWS ARMED TEACHERS
Ohio Gov. Mike DeWine signed a bill into law that gives school employees the option to carry firearms in class after they complete 24 hours of training. Previously, 700 hours of training were required for armed school personnel. DeWine also announced the law would provide $100 million for security upgrades in schools and $5 million for upgrades at colleges. Unsurprisingly, the law’s enactment faced backlash. In a joint statement, Scott DiMauro, president of the Ohio Education Association, and Melissa Cropper, president of the Ohio Federation of Teachers, said, “[We] want to be clear: House Bill 99 will make Ohio’s students less safe in their schools.” AP
HAZARDOUS HEAT WAVE
Hundreds of millions of Americans were under heat warnings and advisories yesterday, as the National Weather Service warned that a “dangerous” combination of heat and humidity will affect much of the U.S. by week’s end. A heat dome — which is created when an area of high pressure stays in the same spot for an extended period of time, trapping warm air underneath like a lid on a pot — is expected to shift eastward early in the week before careening back to the central part of the country. In major Midwest cities like Chicago, Des Moines and St. Louis, heat records may be shattered as temperatures are expected to hit 100°F. Heat waves have caused more fatalities in the U.S. than any other type of severe weather hazard, so the NWS is advising against outdoor activity and sun exposure. USA TODAY
AMAZON TO BEGIN DRONE DELIVERIES
After years of anticipation, Amazon is nearing the launch of its drone delivery service. The e-commerce giant will offer customers in the Sacramento, California, suburb of Lockeford the option to receive free drone delivery on thousands of items. Amazon has been promising some version of aerial package delivery since 2013, when founder Jeff Bezos first announced 30-minute drone deliveries. Due to setbacks like crashes and safety issues, Amazon has fallen behind companies like Walmart, whose drone delivery program is already available to millions of U.S. households. Amazon is currently seeking approval from the Federal Aviation Administration to make deliveries, and the company hopes to be dropping off packages in Lockeford backyards later this year. THE VERGE
EV STARTUP BANKRUPT AFTER A YEAR
Electric Last Mile Solutions, an electric vehicle manufacturing startup, announced plans to file for bankruptcy less than a year after going public in a merger with a special purpose acquisition company. The board of directors for the Michigan-based maker of electric commercial vans filed for Chapter 7 bankruptcy protection, allowing the company to liquidate its assets. ELMS said in a release that a “comprehensive review of the company’s products and commercialization plans” left stakeholders with no better options. The last 12 months became a slippery slope for ELMS: It faced an SEC investigation, its CEO and founder resigned, and the company laid off 24% of its workforce. Shares of ELMS plummeted over 60% yesterday. REUTERS
AMBER HEARD SPEAKS OUT
In her first interview since the verdict in her massively high-profile defamation trial, Amber Heard said she doesn’t blame the jury that awarded Johnny Depp more than $10 million. Speaking about Depp to Savannah Guthrie on NBC’s “Today” show, the actress said, “He’s a beloved character and people feel they know him. He’s a fantastic actor.” Heard also called her treatment on social media “unfair,” as most of the discourse on platforms like Twitter and TikTok appeared to favor Depp. NBC reported that the TikTok hashtag “Justice for Amber Heard” received 27 million views, while one for Depp garnered about 20 billion. More of the interview is expected to air throughout the week. NBC NEWS
LEFTOVERS: JACK-AND-COKE CAN
Coca-Cola is teaming up with spirits maker Brown-Forman to produce a canned cocktail containing the popular Jack-and-Coke mixed drink. Made with Jack Daniel’s Tennessee Whiskey and Coca-Cola, the canned beverage will typically have 5% alcohol by volume and include a zero-sugar option. Jack-and-Coke cans will be available in Mexico by the end of 2022 before arriving in the U.S. and the rest of the world in 2023. Sales of canned cocktails skyrocketed 53% in the last year as drinkers look to expand their taste beyond beer and wine. NY POST
CHEDDAR EXPLAINS
New York's Controversial Skyscraper Jails
New York City is halfway through a multi-year plan to construct four new jails — one each in the boroughs of Manhattan, Brooklyn, The Bronx and Queens. These jails will, in theory, substantially decrease the overall incarcerated population and allow the city to close the most notorious prison in the United States: Riker’s Island. However, as construction begins under new Mayor Eric Adams, many stakeholders question the efficacy and fairness of the plan. Cheddar’s Karin Shedd explains. YOUTUBE