Newsletter Apr 26, 2022

3 things you must know

Russia warns of nuclear war as US hosts talks with allies
Russia told the world not to underestimate the considerable risks of nuclear war and warned that conventional Western weapons were legitimate targets in Ukraine. The threat comes as U.S. will host more than 40 countries on Tuesday for Ukraine-related defense talks that will focus on arming Kyiv so it can defend against a potentially decisive Russian onslaught in the east. Defense Secretary Lloyd Austin is holding the event following a trip to Kyiv where he pledged additional support to Ukraine.
GET THE LATEST DETAILS ON RUSSIA'S WAR IN UKRAINE

Biden's four Fed nominees face final confirmation this week
President Joe Biden's nominees to the Federal Reserve moved a step closer to their expected Senate confirmation this week after Lael Brainard, Biden's pick to be the central bank's vice chair, cleared a procedural hurdle Monday night with bipartisan support. The voting comes at a critical time in the Fed's fight with inflation.
FIND OUT HOW BIDEN'S FATE RIDES ON INFLATION RATES

Rising inflation, mortgage rates give chills to housing market
U.S. homebuilders will likely find it harder to raise home prices in the coming months as rising mortgage rates and inflation cut into demand. The housing boom is finally showing signs of cooling as sky-high inflation sets the Fed on course for aggressive interest rate hikes, making homes less affordable for many Americans.
SEE HOW MORTGAGE RATES DETER FIRST-TIME BUYERS

Markets

DJIA	34,049.46	0.70%
S&P 500	4,296.12	0.57%
Nasdaq Composite	13,004.85	1.29%
Japan: Nikkei 225	26,684.19	0.35%
UK: FTSE 100	7,380.54	-1.88%
Crude Oil Futures	98.91	0.38%
Gold Futures	1,901.50	0.29%
Yen	127.53	-0.47%
Euro	1.07	0.13%
* As of market close

Twitter accepts Musk's acquisition offer

Twitter accepted a nearly $44 billion proposal from Tesla CEO Elon Musk to buy the social media platform after initially trying to block the billionaireâ€™s purchase. Musk plans to take Twitter private should the acquisition receive final approval, making it among the biggest tech takeovers in history. Last week, Twitter fought back against Muskâ€™s $43 billion proposal by using a â€œpoison pillâ€ to avoid a hostile takeover.

WHY THE TWITTER BOARD RECONSIDERED MUSK'S OFFER

Bad day for Trump in courts and Congress

Among the trending topics following Elon Musk's agreement to buy Twitter was if former President Donald Trump's ban would be lifted. Trump says he is sticking with his startup, Truth Social, but he had bigger problems Monday. A New York State Judge held Trump in contempt for failure to cooperate with a subpeona, and the Jan. 6 House Committee received a treasure trove of damning text messages.

FIND OUT HOW MUCH TRUMP IS BEING FINED FOR CONTEMPT

Why male spiders wisely 'bounce' after sex

Sometimes there are pretty valid reasons for leaving right after sex. A team of Chinese scientists has discovered that male orb-weaving spiders fling themselves away from their partners -- pulling 20 Gs of acceleration in order to avoid being killed and eaten by females. The mechanism, described for the first time Monday, involves the spiders' first pair of legs immediately undertaking a split-second catapult action.

SEE THE SPIDERS' SUPERSONIC POST-SEX ESCAPE IN ACTION

Spiders and snakes

Which is more venomous -- a female black widow or a rattlesnake?

Monday's answer: Walt Disney paid $5 million (about $1,600 per acre) to purchase the 48-square mile Florida tract to build Disney World. The admission fee for the 1971 grand opening was $3.50 ($109 today).

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