NEW YORK CITY, NEW YORK – After enjoying Presidents’ Day, it’s time to catch up on the latest news and events shaping the world. So, let’s dive into the top stories of the day and what you need to know.
First up, Capital One bank has agreed to acquire credit card issuer Discover Financial Services in a $35.3 billion deal. This acquisition is significant, as it will create the largest U.S. credit card company by loan volume. The deal is poised to allow Capital One to tap into Discover’s global payments network, while making Discover more competitive with Visa and Mastercard.
This move is likely to face scrutiny regarding its impact on consumers, but could potentially be approved by regulators by early 2025. It’s anticipated that cardholders may not see major changes until then.
In other news, the Daytona 500 saw a dramatic turn of events as William Byron emerged victorious amid a chaotic 22-car crash late in the race. Additionally, heavy rainfall and strong winds are expected to continue in Southern California due to an atmospheric river, prompting flash flood warnings in four counties, including Los Angeles.
Furthermore, the U.N. Security Council has scheduled a vote brought by several Arab nations to demand an immediate ceasefire in Gaza, with the U.S. expected to veto the measure as negotiations between Israel and Hamas continue. On the health front, a new study found that women who exercise regularly have a 24% lower risk of death from any cause, while men have a 15% lower risk.
In entertainment news, Christopher Nolan’s film “Oppenheimer” took home seven awards at the BAFTAs, including Best Picture and Best Director. Finally, the final season of “The Good Doctor” premieres at 10 p.m. ET on ABC. Additionally, the Blue Jackets and the Kings face off at 10:30 p.m. ET in the NHL.
Before you go, consider this advice: the next time you have an upset stomach, consider drinking plain sparkling water instead of ginger ale.
Enjoy the long weekend and we’ll see you back here on Tuesday!