Russia is stoppering gas supply to Europe in a play to free itself from Western sanctions. Instagram removed Pornhub’s official account from the platform as social media companies crack down on adult content. The Rings of Power is Amazon’s biggest streaming premiere ever.
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In The News Today
- A request for a one-year extension on the merger deadline for blank check company Digital World Acquisition Corp and former President Donald Trump’s Truth Social platform reportedly couldn’t gather requisite shareholder support. If the special purpose acquisition company doesn’t rectify the situation by the initial Thursday deadline, it will need to liquidate its shares and return the funds raised in its initial public offering.
- A federal judge in Florida sided with former President Donald Trump in the fight over documents seized from Mar-A-Lago, ordering an independent “special master” to review the documents obtained by the Justice Department. More: A review of social media posts shows Michael Flynn, Ray J, Nigel Farage plus multiple GOP Congress members and current candidates have all been Mar-A-Lago guests since Trump left office.
Gas supplies to Europe through the critical Nord Stream 1 pipeline will remain suspended until the West lifts its sanctions against Russia and Russian companies, heightening a stand-off between Russia and the continent. On Monday, concerns about energy supply weighed heavily on the Euro, which dropped below $0.99 for the first time in 20 years, while European gas prices climbed to a high of $280 per megawatt hour.
A heat wave in the West fueled deadly wildfires in northern California over the weekend, with residents bracing for potential power outages. Several cities experienced some of the hottest days on record, including Salt Lake City at 103 degrees Fahrenheit and Long Beach, California, which hit 108 degrees. Death Valley could top 120 degrees early this week.
CVS Health will acquire home care company Signify Health for some $8 billion as retail pharmacies add more primary care and in-home medical services. The CVS deal beat out other companies who were reportedly eyeing a bid, including Amazon and UnitedHealth Group.
Instagram has removed the official account of Pornhub—one of the world’s most popular adult sites—from its platform, the latest escalation as tech giants crack down on purveyors of adult content. The account had some 13.1 million followers and did not post pornographic content. Although it is not clear why Pornhub’s account was removed, the site still maintains a wildly popular presence on Twitter and YouTube.
After two years of Zoom, colleges are warming to the idea of classes in the metaverse. “Teaching in the metaverse is like being able to leave your physical reality and immerse yourself in a complete, digitally simulated environment,” says one professor. With $150 million invested, Mark Zuckerberg’s Meta is leading the charge.
Amazon’s Lord of the Rings prequel, The Rings of Power, attracted more than 25 million viewers worldwide on its first day, making it the streaming platform’s biggest premiere ever. Its release comes less than two weeks after HBO Max’s House of the Dragon, the prequel series to Game of Thrones, set an HBO record for a premiere. More: How HOTD is succeeding by creating instant fan favorite—and fan-hated—characters.
Money. Fame. Moxie. That’s what it takes to qualify for Forbes’ first-ever ranking of the 50 most powerful influencers for our connected age. Their compelling, often quirky, content is consumed by millions—and the world’s top brands happily spend millions to sponsor it. Special Report: How Charli and Dixie D’Amelio turned their TikTok fame into a billionaire-backed personal brand.
In Case You Missed It
If it’s been at least two months since your last Covid-19 vaccination and you are old enough, should you wait to get the new bivalent Covid-19 mRNA booster? For example, is it better to get the shot in the late fall to ensure protection throughout a possible winter surge? Just remember, predicting when specifically the next Covid-19 wave will hit is a bit like timing the stock market.
Tips You Can Trust
- You must ask the right questions to get the most value from your financial advisor. Here are 16 essential questions to ask a financial advisor—in the first interview, during retirement planning sessions and in your year-end financial reviews.
- The weather information on your phone is not foolproof—or rainproof. It is based on weather observations, numerical weather models and professional analysis. Here are the four most common mistakes people make when using their weather apps.
With the rapid advancement of deep-fake technology and easily manipulated photos, videos and websites, it’s hard to know who or what to trust right now. The growing popularity of virtual reality and the metaverse create an even higher level of potential manipulation. The RAND Corporation recently published a report detailing how vulnerable the virtual reality space is to psychological and emotional manipulation. Forbes Senior Editor Michael del Castillo explores what it all means and explains how non-profits and giant corporations are uniting to combat the problem.
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