DAILY DOSE: June 21, 2021

Posted on 06/21/2021

1. ANTITRUST LAWS – The U.S. Supreme Court, with a conservative majority, ruled 9-0 that that NCAA limits on the education-related benefits that colleges can offer athletes who play Division I basketball and football can’t be enforced. Trump-appointed Justice Neil Gorsuch wrote for the Supreme Court that the NCAA sought “immunity from the normal operation of the antitrust laws,” which the court declined to grant. Current NCAA rules have it so students cannot be paid and that scholarship money colleges can offer is capped at the cost of school attendance. The NCAA claims this is important to preserve the amateur nature of college sports. However, colleges reap mounds of money from college sports, with some schools paying large amounts of cash to coaches.

2. European Central Bank’s Lagarde says asset purchases and TLTRO will cumulatively increase inflation by around 1.2% and real GDP growth by around 1.8% between 2020 and 2023.

3. Honeywell launched a battery energy storage system platform.

4. The delta variant of the coronavirus continues to spread in the U.K. and Portugal. The strain, also known as B.1.617.2, was first detected in India. The Pfizer-BioNTech and Moderna COVID shots have been shown to be effective against this strain.

5. Australia’s Chief Medical Officer Paul Kelly urged Australians who have received an AstraZeneca COVID shot to “not delay” getting the second dose. The AstraZeneca COVID shot has been linked to more deaths than COVID in Australia this year. The AstraZeneca shot has been linked to blood clots. Two women in Australia have died from the blood clots related to the COVID shots. The only COVID fatality this year in Australia that was recorded was an 80-year-old traveler who died in April 2021 after being infected overseas.

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