Key takeaways: The new reactor is located at the Plant Vogtle nuclear power plant in Waynesboro, Georgia, and is now sending power to the grid…
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A single winning ticket was sold for Friday's estimated $940 million Mega Millions jackpot, the fifth-largest in the game's history. The winner had the choice of taking an estimated lump sum payment of $472.5 million before taxes, or going with the annuity option. No one managed to match all six numbers for the jackpot, and the next drawing will be held on Tuesday night with an estimated $1.05 billion prize up for grabs. The Mega Millions lottery has been offering massive jackpots for the past few months.
Anheuser-Busch announced on Wednesday that it would be laying off 350 employees, mostly from corporate positions, in order to recover from the fallout of a campaign involving a trans influencer. The layoffs will not include frontline staff and will affect less than 2% of the company's 18,000 employees. The company is seeking to recover from the campaign and adjust to the changes, with the effects of the layoffs yet to be seen.
At the Russia-Africa Summit in St. Petersburg, Russian President Vladimir Putin promised African leaders tens of thousands of tons of free grain in an attempt to appease the international community and improve Russia's image in the region. The free grain announcement follows criticism of Russia's involvement in the Ukrainian conflict, which has caused a disruption in the global food supply chain. The summit was attended by 21 African leaders, with notable absentees including the leaders of several large African nations.
The Supreme Court has granted an emergency request from Mountain Valley Pipeline, allowing construction of the 303.5 mile natural gas pipeline to resume. The project, which will transport natural gas from West Virginia to Virginia, has been entangled in numerous legal challenges from environmental groups, but Congress recently stripped courts of authority to review approval of the pipeline. The project is expected to create thousands of jobs and provide an economic boost to the region, and is now expected to be completed by the end of 2021.
Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been indicted in the U.S. on charges of insider trading. U.S. Attorney Damian Williams alleges that Lewis had schemed for years to abuse his access to corporate boardrooms and provided inside information to his inner circle. The SEC is seeking to recover more than $50 million in illegal profits, plus interest and penalties, and Lewis could face up to 20 years in prison if convicted.
UPS and the International Brotherhood of Teamsters have reached a tentative agreement on a five-year contract that includes "overwhelmingly lucrative" raises for workers, including a raise of starting pay for part-timers to $21 an hour. The contract, if ratified, would avert a strike and is seen as a major victory for the union. The agreement is now subject to a ratification vote by the union's members.
Mega Millions has reached a new milestone, with the top prize soaring to an estimated $820 million for the next drawing on Tuesday. This is the fifth largest jackpot in the game's history, and no tickets were sold hitting all the winning numbers for the estimated grand prize of $720 million in the latest drawing. Players must pick five numbers from 1 to 70 and one Mega Ball number from 1 to 25, with the odds of winning the jackpot being 1 in 302,575,350. The next drawing will be held on Tuesday night.