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[Misc] (HL-20200517~20200523) Weekly Headlines Review
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!!! Coronavirus Worldwide !!!

!!! A state-by-state breakdown of US coronavirus cases !!!

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(Mon) 'Hamilton' film gets fast-tracked to Disney+
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Fans of the blockbuster Broadway mega-musical Hamilton will have a lot to sing about come July 3rd. Walt Disney announced Tuesday that the ground-breaking rap-infused musical based on the life of founding father and first treasury secretary Alexander Hamilton will bypass movie theaters and land on Disney+ more than a year ahead of schedule. Eager to take on Netflix in the streaming wars, Disney had to dig deep to secure the film rights to this multiple award-winning show. It cost Disney $75 million, but with that, Disney gets original content at a time when production shutdowns mean there¡¯s very little new offerings in the pipeline. The film version, recorded over three live performances featuring the original cast including show creator Lin-Manuel Miranda, was originally slated to hit the big screen in October 2021. Miranda said he was pleased the movie will now come to living rooms during the July 4th holiday weekend in the U.S. Disney is hoping to recoup some of the cost by still planning to put the movie version up on the big screen. No date yet for when that will happen.

(Tue) Hyatt to lay off 1,300 workers
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Hyatt Hotels will slash 1300 jobs globally starting June. The job cuts are the latest blow to the hospitality and travel industry as the pandemic pummels demand and people stay home. Hyatt is already cutting pay for senior managers, board members and all employees as part of a restructuring. It said it now needs to take additional measures , citing "the historic drop in travel demand and the expected slow pace of recovery." The layoffs add up to a little over 2 percent of Hyatt¡¯s 55,000 employees. Laid off staff, it said, would be eligible for severance pay. The announced cuts come one week after Hyatt reported a quarterly loss of more than $100 million and the suspension of its dividend and share buyback program. The hotel industry estimates the outbreak is causing it to lose nearly one-and-a-half billion dollars in revenue every week.

(Wed) As U.S. meat supplies dwindle, exports to China soar
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Facing warnings of a meat shortage in the U.S., President Donald Trump issued an executive order last month directing processing plants to continue operating. "We solved that problem yesterday. I expect to see the supply chain as strong as ever, maybe stronger for certain reasons." Yet, a Reuters analysis of government data showed that plants have increasingly been exporting pork and other meat to China, even as some warn the U.S. food supply chain is "breaking." For example - while pork supplies tightened in the U.S. as the number of pigs slaughtered each day plunged by about 40% since mid-March, shipments of American pork to China more than quadrupled , according to data from the U.S. Department of Agriculture. This comes after President Trump in an effort to ease a trade war he started, signed a deal with Beijing in January, which included a promise by China to ramp up purchases of American farm goods by at least $12.5 billion in 2020. Now, Trump is facing criticism from some lawmakers, consumers and plant employees for putting meat workers at risk - by requiring plants to stay open - in part to help ensure China¡¯s meat supply. Both the White House and USDA declined to comment. The U.S. food supply chain has become highly stressed. Suppliers like Tyson have limited meat products for retailers due to plant closures. While Kroger and Costco have restricted shoppers¡¯ meat purchases.

(Thu) Twitter launches labels, warnings on misleading COVID-19 information
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Twitter will now warn users when tweets contain disputed or misleading information about COVID-19. The social media giant made the announcement on Monday as part of a new approach to misinformation that will eventually extend to topics beyond the coronavirus. The new labels will provide links to more information in cases where the risk of harm from the tweet is not severe enough to be removed but where people could be confused or misled. While other tweets may contain warnings that say the information conflicts with guidance from public health experts before a user views it. Twitter said these labels will also apply to tweets that have been sent before its announcement and will be used regardless of who sent the tweet. This comes as social media companies, such as Facebook, are under pressure to combat misinformation about COVID-19 that has spread on their platforms. These range from bogus cures to misinformation linking the virus with conspiracy theories about high-profile figures.

(Fri) 'Animal Crossing' helps Nintendo smash Switch sales forecast
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Even before gamers around the world were forced to stay home, Nintendo was having a record busting year. The Japanese gaming giant said on Thursday it sold 21 million Switch units in the year ending in March. Operating profit soared by 200% in the January-March quarter. Reuters calculations put it at 89.4 billion yen or over 840 million dollars, smashing analyst forecasts. Nintendo has defied skepticism over its ability to draw in consumers beyond its hardcore base in the Switch's fourth year. The major hit has been the game Animal Crossing: New Horizons. It shifted 13.4 million units in its first six weeks. Many say it's appealing to consumers looking for escapism in crisis-hit economies around the world. Thursday's news is a boost for Nintendo at a time when some investors have accused it of conservative management. The firm expects to sell 19 million Switch consoles in the current financial year.

** Other Latest Headlines **

* US believers see message of change from God in virus

The coronavirus has prompted almost two-thirds of American believers to feel that God is telling humanity to change how it lives, a new poll finds. The poll found that 31% of Americans who believe in God feel strongly that the virus is a sign of God telling humanity to change, with the same number feeling that somewhat. Evangelical Protestants are more likely than others to believe that strongly, at 43%, compared with 28% of Catholics and mainline Protestants. In addition, black Americans were more likely than those of other racial backgrounds to say they feel the virus is a sign God wants humanity to change, regardless of education, income or gender. Forty-seven percent say they feel that strongly, compared with 37% of Latino and 27% of white Americans.

* LG, SK, Samsung face fierce battle in EV battery market

LG, SK and Samsung are expected to engage in fierce competition in the electric vehicle (EV) battery market as demand is expected to surge in the coming years. The market is considered by many as vital as European countries have been swiftly replacing gasoline vehicles with more eco-friendly ones. The pace of the move is expected to create a shortage of electric vehicles starting in 2023. According to Market Tracker SNE Research, EV battery demand, which stands at 434 Gigawatt hours (GWh), is predicted to increase to 2,985 GWh by 2030 ¡ª a 588 percent surge. European countries have been strengthening environmental regulations and most are planning to expand the supply of EVs. In 2023, demand for EV batteries is expected to be 406GWh while supply is predicted to be 335GWh, a shortfall of about 18 percent. The pattern is expected to worsen by 2025, with a supply shortage of around 40 percent.

* The end of plastic? New plant-based bottles will degrade in a year

Globally around 300 million tons of plastic is made from fossil fuels every year, which is a major contributor to the climate crisis. Most of this is not recycled and contributes to the scourge of microplastics in the world¡¯s oceans. Microplastics can take hundreds of years to decompose completely. ¡°This plastic has very attractive sustainability credentials because it uses no fossil fuels, and can be recycled – but would also degrade in nature much faster than normal plastics do,¡± says Van Aken. Avantium¡¯s plant plastic is designed to be resilient enough to contain carbonate drinks. Trials have shown that the plant plastic would decompose in one year using a composter, and a few years longer if left in normal outdoor conditions. But ideally, it should be recycled, said Van Aken. The bio-refinery plans to break down sustainable plant sugars into simple chemical structures that can then be rearranged to form a new plant-based plastic – which could appear on supermarket shelves by 2023.

'Comfort women' activist refuses to resign over donation scandal

Yoon Mi-hyang, a lawmaker-elect and former head of a civic group for "comfort women," refused to abandon her parliamentary seat, Monday, despite mounting controversy surrounding the group, including the alleged misuse of citizens' donations. Comfort women is a euphemistic term for the women and girls who were forced by Japan's military to serve soldiers in brothels during World War II. "I offer my sincere apologies for the ongoing situations, but I am not considering accepting the request for resignation," Yoon said during her radio appearance. "I will prove my sincerity through my parliamentary activities." Yoon won a proportional representation National Assembly seat in April for the Civil Together party, a satellite party of the ruling Democratic Party of Korea. Controversies surrounding the Korean Council for Justice and Remembrance for the Issues of Military Sexual Slavery by Japan began after Lee Yong-soo, one of the surviving victims of Japan's wartime sex slavery, claimed May 7 that the group has never used citizens' donations for the benefit of the victims.

* Moderna: Early coronavirus vaccine results are encouraging

An experimental vaccine against the coronavirus showed encouraging results in very early testing, triggering hoped-for immune responses in eight healthy, middle-aged volunteers, its maker announced Monday. Study volunteers given either a low or medium dose of the vaccine by Cambridge, Massachusetts-based Moderna Inc. had antibodies similar to those seen in people who have recovered from COVID-19. In the next phase of the study, led by the U.S. National Institutes of Health, researchers will try to determine which dose is best for a definitive experiment that they aim to start in July. In all, 45 people have received one or two shots of the vaccine, which was being tested at three different doses. The kind of detailed antibody results needed to assess responses are only available on eight volunteers so far.