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WORLD

Tour de headlines

💊FDA panel backs OTC birth control approval. A panel of outside experts voted unanimously yesterday that the agency should allow over-the-counter sales of Opill, a hormonal birth control pill that has been available with a prescription for half a century, despite concerns raised by FDA staff about whether people would properly follow the drug’s instructions. If drugmaker Perrigo scores this approval for Opill, it would be the first nonprescription oral contraceptive sold in the US. The FDA is expected to make a final decision this summer.

🏰Disney trims its streaming losses. The company reported that price increases helped significantly reduce the losses incurred by its streaming services last quarter, even though Disney+ lost 4 million subscribers. Additional price hikes are coming, but more people may soon be able to watch Disney+ content anyway since some of it will come to Hulu, CEO Bob Iger said. Traditional TV is still lagging, but Disney saw a boost in revenue from its theme parks.

HEALTH

US panel lowers mammogram screening age to 40

The US Preventive Services Task Force updated its guidelines yesterday to recommend that women begin biennial mammogram screening at age 40 rather than 50, which it had previously advised. The guidance applies to cisgender women and anyone assigned female at birth.

Why the change? For reasons that medical researchers still don’t fully understand, breast cancer is becoming more prevalent among women age 40 to 49, and racial disparities persist. According to the Task Force:

• The rate of breast cancer diagnoses among women in their 40s increased by 2% each year between 2015–2019.

• Black women are 40% more likely to die from breast cancer than white women and are more likely to develop aggressive forms of breast cancer at a younger age.

Beginning screening at age 40 is estimated to save ~20% more women’s lives, according to Dr. John Wong of Tufts University School of Medicine, who is on the task force.

Big picture: The new guidance comes after the FDA made an update in March to improve its oversight of mammogram facilities. Though breast cancer is the second-leading cause of cancer deaths among women in the US, there are still research gaps—and yesterday’s report urgently calls for further research to address inadequacies around screening frequency, the proper treatment of women over 75, and health disparities for members of the BIPOC community who are at greater risk, among other issues

THE BIG BAD CPI REPORT

There are 3 letters that will put any crypto trader on the edge of their seat… CPI.

It stands for Consumer Price Index and measures the change in the cost of things the average person buys. Things like food, clothes, and other goods and services.

But lately, it might as well stand for “Crazy Price Increases”.

So how’d the latest report go?

1/ Normal CPI was up 4.9% year over year

This measures the cost of living for the typical person. And while it was close to the expected 5%, this is the first time it’s been below the 5% level in two years.

2/ Core CPI came right in at the expected 5.5% year-over-year increase

This is similar to normal CPI, but it does not account for energy or food prices.

Here’s how the markets reacted immediately after the report:

• BTC: +2.67%

• ETH: +1.76%

• NASDAQ: +0.80%

• S&P500: +0.19%

Inflation coming down means the Fed may pump the breaks on rate hikes. Or maybe even start cutting.

This makes borrowing cheaper and boosts spending and investments - 3 things that blend together for crypto prices better than a DQ blizzard.

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SNIPPETS

Google’s been pretty busy: During its annual I/O event, the company rolled out three new Pixel devices, including the much-hyped foldable phone, priced at ~$1.8k — and then began the AI bonanza…

… Bard’s waitlist is gone, for starters. Google says its chatbot is ready for the masses and also announced that AI will be increasingly baked into Google Search, Android messaging, photo editing, and its Workspace suite.

Congratulations to Buddy Holly, the first petit basset griffon Vendeen to win the Westminster Dog Show. Of course, we think all dogs are winners and wouldn’t be mad if you sent us pics of yours.

TurboTax will pay $141m to 4.4m customers to settle claims that it tricked millions into paying for tax services advertised as free. (Previous coverage here.)

Clean energy: Microsoft signed a deal to use Helion Energy’s fusion electricity by 2028.

Frank Nocean: A scammer allegedly made thousands of dollars selling “leaked” Frank Ocean songs, but they were all AI-generated.

Meanwhile, in China, a man was arrested for allegedly using ChatGPT to fabricate a news article about a deadly train crash that didn’t happen.

Etsy added a wedding registry option for couples who prefer that handmade touch.

Coca-Cola expects to break ground on a 745k-square-foot Fairlife production facility in Webster, New York, in 2025, that’s expected to add ~250 jobs.

Garbage day: Pencil in 2026 for the first-ever space trash collection mission — Swiss startup ClearSpace signed a launch contract with French rocketeer Arianespace to send its debris-collecting spacecraft into orbit.

Variety is the spice of life: Hot sauce leader Cholula is expanding beyond its famous wood-capped bottles for the first time with two new product lines — salsas and taco seasonings.