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Jul 24

Extreme Heat In Europe Is Prompting Tourists Toward Cooler Destinations

  • More tourists are thought to be prioritizing milder temperatures or even off-season travel to avoid spending their time away in oppressive heat.
  • Europe is currently experiencing some of the hottest temperatures of the summer so far, with yet another heat wave expected to push the mercury close to record-breaking levels in the coming days.
  • Data from the European Travel Commission found that the popularity of Mediterranean vacation destinations dropped by 10% compared with last year.
Jul 21

Amazon To Build $120 Million Facility In Florida To Prep Kuiper Internet Satellites For Launch

  • Amazon will invest $120 million in a satellite processing facility at NASA’s Kennedy Space Center in Florida.
  • Project Kuiper is Amazon’s plan to build a network of 3,236 satellites in low Earth orbit, to provide high-speed internet access anywhere in the world.
  • The 100,000-square-foot processing facility will serve as one of the final steps before the satellites reach orbit, preparing them for launches on the rockets of ULA and Blue Origin.
Jul 19

EU Sends Water Bombers To Battle Greece Wildfires As Rome Shatters Temperature Record

  • The European Union sent four Canadair water bombers to help Greece fight wildfires that have been raging for a third day on Wednesday.
  • It comes as a scorching heatwave continues to grip southern Europe, with temperatures in Spain, France and Italy climbing to fresh record highs.
  • Italy’s capital of Rome recorded its hottest day ever on Tuesday, as temperatures in the city center rose to a staggering 41.8 degrees Celsius (107.24 Fahrenheit).
Jul 19

Johnson & Johnson Sues Biden Administration Over Medicare Drug Price Negotiations

  • Johnson & Johnson sued the Biden administration over Medicare’s new powers to slash drug prices, making it the third pharmaceutical company to challenge the controversial provision of the Inflation Reduction Act.  
  • The lawsuit filed in federal district court in New Jersey argues the Medicare negotiations violate the First and Fifth Amendments of the U.S. Constitution.
  • Earlier suits brought separately by Merck and Bristol Myers Squibb, as well as by the U.S. Chamber of Commerce and PhRMA, the pharmaceutical industry’s largest lobbying group, made similar arguments.
Jul 19

Fervo Energy Hits Milestone In Using Oil Drilling Technology To Tap Geothermal Energy

  • Fervo Energy drills deep wells and pumps water into them. The water grows hot from the heat of the earth, then Fervo pumps it back to the surface, where a turbine converts that heat to electricity.
  • On Tuesday, it announced the completion of a 30-day test where temperatures in the well reached roughly 375 degrees Fahrenheit.
  • The firm, which signed a partnership with Google in 2021, has just started construction on a 400-megawatt project that it expects to be online by 2028, which would power approximately 300,000 homes.