WHAT YOU NEED TO KNOW
- Stock futures edged higher Wednesday, signaling that major indexes may inch toward all-time highs ahead of data on growth in the service and manufacturing sectors. Amid annual online sales, like Amazon Prime Day, merchants continue to experience supply chain disruptions that elevate shipping expenses and eat into margins.
- The U.S. will narrowly miss President Joe Biden’s original goal of getting at least one dose of the coronavirus vaccine to 70% of adults by July 4. The White House said the nation needs a “few extra weeks” to ensure Americans ages 18 to 26 are vaccinated at rates similar to older adults. A mix of misinformation, low vaccination rates among teens and the spread of the Delta variant is fueling urgency and spurring a new push by the administration.
- Pressure mounted for lawmakers to open the U.S.-Canada border as business owners worried about losing another lucrative summer season. With the restrictions reaching their 16th month this week, the timeline remains unclear despite Biden and Prime Minister Justin Trudeau reportedly discussing a potential end to restrictions at the Group of Seven summit this month.
- U.K. Poised to Ease Travel Curbs as Airlines Step Up Demands – Bloomberg
- China to keep COVID-19 border restrictions for another year – Reuters
- “For vaccinated Canadians, it’s now easier to take your summer vacation in Provence than to do a car trip around Atlantic Canada. And with the Canada-US border still closed, it’s easier for vaccinated Torontonians to visit Paris than to drive to Buffalo.” – @PerrinBeatty
- Gov. Gavin Newsom announced California will pay off all the past-due rent that accumulated in the nation’s most populated state due to fallout from the pandemic. It is still unclear whether California will continue to ban evictions for unpaid rent beyond June. California has $5.2 billion to pay off people’s rent – the money comes from multiple aid packages approved by Congress.
- Housing inequalities exacerbated by coronavirus still remain, report finds – The Washington Post
- Nearly 27,000 Families Asked The City For Rent Relief. Chicago Won’t Be Able To Give It To Many – Block Club Chicago
- The majority of Houston renters are now cost burdened, finds Kinder Institute – Houston Chronicle
- “Thousands of low-income tenants across CA face eviction on June 30 when many moratoriums expire, but housing advocates are ecstatic over the news that Gov. Gavin Newsom and state legislators are moving toward covering every penny of unpaid rent.” – @oflores
- Plant sales boomed during the height of the pandemic, but as the U.S. returns to normal, many are beginning to neglect their greenery. An increase in plant sales is typical during recessions, as is the decrease during recoveries. The U.S. spent $8.5 billion more on gardening-related items in 2020 than they did in 2019 and gardening-related sales so far in 2021 are up 30% from last year.
- Prague Plant Evangelist Says Greenery Can Ease Stress, Loneliness – Bloomberg
- Fighting the pressure for pandemic personal growth – Vox
- “While millennials are delaying traditional milestones of adulthood, they’re buying plant babies in droves. What’s causing the boom in houseplant sales?” – @BusinessInsider
Turbine Labs has tracked 91,359 media articles and blogs over the last 24 hours and 239,442 social media posts over the last 24 hours.