Executive Leadership Briefing

Technical issues delay NASA’s rocket launch - August 29, 2022


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NASA’s new moon rocket Artemis I launch was scrubbed Monday morning following fueling and inclement weather complications at Florida’s Kennedy Space Center. The next launch attempt will not take place until Friday at the earliest. The mission was set to have no astronauts aboard, but if successful, would shepherd NASA’s campaign to send astronauts back to the moon in coming years. NASA officials said the moon missions are central to its human spaceflight program and are not simply a do-over of the Apollo moon landings from 1969 to 1972. The Artemis program has enjoyed strong bipartisan political support and the planned Monday launch drew large crowds of spectators in Florida’s Brevard County.
The U.S. government will end its giveaway of COVID-19 at-home tests Friday due to insufficient congressional funding. A senior Biden administration official said a stockpile of the tests is being depleted and officials want to have enough on hand in the event of a fall surge. The Biden administration announced last week it intends to end its practice of paying for COVID-19 shots and treatments, shifting more control of pricing and coverage to the healthcare industry. A new federal report found the expiration of the COVID-19 public health emergency could lead to approximately 15 million people losing Medicaid coverage.
A mint condition Mickey Mantle baseball card became the most valuable piece of sports memorabilia to be sold at auction, notching $12.6 million Sunday morning. The sale of the baseball card marks a new high for the sports collectible market, one that has been booming in recent years, especially since the beginning of the pandemic. The market – set to hit $227 billion by 2032 – is seeing a large push by NFT sports collectibles, spurred by millennial and Gen Z collectors and increased interest from international purchasers.
North American companies snapped up a record number of robots in the first half of this year as they struggled to keep factories and warehouses running in the face of an extremely tight labor market. Companies ordered 25% more units than during the same period a year ago, setting up the North American robotics market for its best first half ever. The shift to automation has prevailed globally; China, South Korea and Japan have all embraced robot adoption and electric cars are expected to provide another tailwind to the industry.
Live events and theme parks are offering a lifeline to entertainment giants struggling with Hollywood’s recession. Disney’s most recent earnings show how the strength of its parks could help mitigate investor concerns over its streaming business and its executives attribute the parks as a vital part of Disney’s pandemic-recovery story. Over the last two years, nearly a fifth of streaming subscribers have canceled three or more subscriptions, prompting streaming giants to explore alternative revenue streams. Netflix announced it would roll out an ad-supported tier, estimating it could generate an additional $2.2 billion in annual revenue by 2027.
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Executive Leadership BriefingBy Turbine Labs