Tuesday, February 20, 2024
The 7
The Washington Post
4.5 • 1.3K Ratings
🗓️ 20 February 2024
⏱️ 7 minutes
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Summary
Tuesday briefing: Capital One-Discover merger; Alabama frozen embryos; Daytona 500; John Oliver and Clarence Thomas; and more
Transcript
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| 0:00.0 | Capital One announced that it's buying Discover. The Alabama Supreme Court issued a ruling on |
| 0:07.4 | frozen embryos and a lawsuit says Tinder is getting people hooked on swiping. |
| 0:12.1 | That's some of what we'll get to on the |
| 0:14.0 | seven from the Washington Post. I'm Hannah Jewel. It's Tuesday, February 20th. Let's get you caught up with |
| 0:19.6 | today's seven stories. |
| 0:29.0 | Banking Giant Capital One is purchasing Discover Financial Services. That's our first story. |
| 0:31.0 | The over $35 billion all-stock acquisition deal was announced yesterday. |
| 0:35.7 | It would bring together two of the country's largest credit card companies and create the biggest |
| 0:39.8 | credit card lender in the U.S. |
| 0:42.1 | But the deal is likely to face close scrutiny from federal |
| 0:44.8 | regulators. A 2021 executive order from President Biden encouraged federal officials to examine |
| 0:50.3 | banking mergers more robustly. Credit card usage has soared in recent months |
| 0:55.0 | as Americans try to keep up with inflation. |
| 0:57.0 | And according to the Federal Reserve Bank of New York, |
| 1:00.0 | overall credit card balances hit record highs in 2023. |
| 1:04.0 | Number two, the crew of a cargo ship was forced to evacuate |
| 1:11.0 | after a hooty missile attack off the coast of Yemen. |
| 1:14.0 | The Iran-backed militant group claimed that yesterday's strike was one of its most damaging attacks yet. |
| 1:19.0 | It said that a British-owned cargo ship was at risk of sinking, but the post hasn't |
| 1:23.8 | independently confirmed that yet. The Huthies are a rebel group from Yemen, and |
| 1:28.0 | they've been attacking ships in the Red Sea for months in protest of Israel's |
| 1:31.9 | military campaign in Gaza. |
... |
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