Anna's Daybreak News

_{Just facts, you think for yourself}

Monday, 5:09 AM

November 25, 2024

Good morning news friend! Keep up with the moments that matter, as the world shifts and stories unfold. 📰🌟

Trump's Economic Team

President-elect Donald Trump has announced Scott Bessent, a hedge fund manager, will serve as Treasury Secretary. He advocates for deficit reduction and expresses a goal to cut government spending. The national debt is $35.94 trillion.

Russell Vought, nominated as director of the Office of Management and Budget, previously held this position during Trump's first term. Vought aims to cut $11.3 trillion in spending over ten years. He also wants to reduce taxes by about $2 trillion.

Lori Chavez-DeRemer, a Republican representative from Oregon, will lead the Labor Department. She supported pro-union legislation and received endorsements from labor groups, showing bipartisan appeal.

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Supersonic Flight are Coming Back

In 2029, Boom Supersonic plans to launch Overture, a supersonic passenger aircraft. This jet will fly at 1,300 miles per hour (Mach 1.7). A 14 hour transpacific flight will be reduced to just 8.5 hours.

Boom has built a demonstrator plane and acquired over 130 preorders from airlines like American Airlines and United Airlines. The jet will carry up to 80 passengers and could cut NYC to London flights from 7 hours to 3.5.

Expected to cost around $5,000 per ticket, Overture aims to make supersonic travel accessible compared to the $20,000 fare of the Concorde. Boom’s design prioritizes fuel efficiency and sustainable aviation fuel.

The FAA currently restricts supersonic flight over land due to noise regulations. However, Boom identified over 600 profitable global routes where Overture can operate.

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US Business Activity Soars in November

In November, US business activity reached a 31-month high. The S&P Global flash US Composite PMI Output Index climbed to 55.3, up from 54.1 in October.

The new orders received rose to 54.9, compared to 52.8 in the previous month. Moreover, the gauge for average prices paid by businesses dropped to 56.7 from 58.2. Prices charged for goods and services fell to 50.8, the lowest since May 2020.

Economists estimate a GDP growth rate of 2.6% for the fourth quarter, following a 2.8% annualized rate from July to September.

The University of Michigan's Consumer Sentiment Index reached 71.8, up from 70.5 in October. A fourth consecutive monthly increase.

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Northvolt's Bankruptcy

Swedish battery manufacturer Northvolt filed for Chapter 11 bankruptcy protection. Founded in 2016 they aimed to challenge Chinese battery dominance and received $15 billion in funding.

A factory accident and a lost contract with BMW worth €2 billion ($2.15 billion) severely impacted its operations. In September, Northvolt paused production of cathode materials at its Skelleftea factory.

Goldman Sachs Asset Management anticipates a write-off of $900 million from its investments in Northvolt.

Despite the bankruptcy, Northvolt's Swedish factories will remain operational. They will continue deliveries and pay employees.

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Russia Sends Yemenis to Ukraine

Russia has forcibly recruited hundreds of Yemeni men to fight in Ukraine. Many were lured with false promises of high-paying jobs and Russian citizenship but were instead sent to the front lines.

Some Yemenis said they were tricked into signing contracts they couldn’t read. Others were intimidated at gunpoint. A man named Abdullah reported being promised $10,000 and $2,000 per month. Instead, he was given minimal training and sent into combat.

The recruitment highlights growing ties between Russia and the Iran-backed Houthi rebel group in Yemen.

Recruits endure harsh conditions in Ukraine, with limited rest, inadequate clothing, and no winter gear.

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Mapping the Human Body One Cell at a Time  

Scientists unveiled an early map of the human body, detailing some of the estimated 37.2 trillion cells that make us who we are.

This research focuses on cells from various organs, including the mouth, stomach, and intestines. They studied how cells group into tissues and their roles in health and disease.

Dr. Timothy Chan highlights the practical implications for cancer research, emphasizing that different cell types have unique vulnerabilities.

The high-resolution, open-access atlas serves as a first draft. Researchers aim to create a complete atlas by 2026, covering 18 organs and body systems, including the skin, heart, brain and the microbiome in the gut.

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“Sometimes people ask you a question with their eyes begging you not to tell them the truth.”

Baked with love,

Anna Eisenberg ❤️