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    Supreme Court signals it will side with Kentucky attorney general in bid to defend restrictive abortion law

    The Supreme Court on Tuesday considered a Republican attorney general’s bid to defend a restrictive Kentucky abortion law.
    Some liberal justices sounded skeptical about a lower court’s decision to reject Daniel Cameron’s request to intervene.
    The court previously voted not to block a Texas law banning most abortions after as early as six weeks of pregnancy, and it is set to hear arguments in a case challenging Roe v. Wade.

    Police officers set up barricades in front of of the U.S. Supreme Court in Washington, D.C., U.S., on Tuesday, Oct. 12, 2021.
    Emily Elconin | Bloomberg | Getty Images

    The Supreme Court on Tuesday considered a Republican attorney general’s bid to defend a restrictive Kentucky abortion law, with some liberal justices sounding skeptical that a lower court was right to reject his request to intervene.
    The case is not the only abortion-related battle that the court, stacked 6-3 with conservative justices, is set to consider this term. The court already waded into the polarizing issue when it voted 5-4 not to block a Texas law banning most abortions after as early as six weeks of pregnancy. And the justices will hear arguments Dec. 1 in a pivotal case challenging the right to an abortion before fetal viability established by Roe v. Wade.

    The Kentucky law, H.B. 454, would largely ban abortions performed with the “dilation and evacuation” procedure, the most common method used for second-trimester pregnancies. It was signed into law in 2018, but a district court declared it unconstitutional and an appeals court upheld that ruling.
    Kentucky’s health secretary opted not to pursue further appeal of the decision — but Daniel Cameron, the state’s Republican attorney general, tried to intervene to seek another hearing in defense of the law. The U.S. Court of Appeals for the Sixth Circuit rejected that bid, saying Cameron’s motion came too late.

    Kentucky Attorney General Daniel Cameron stands on stage in an empty Mellon Auditorium while addressing the Republican National Convention on August 25, 2020 in Washington, DC.
    Chip Somodevilla | Getty Images

    In the petition for the Supreme Court to consider the case, attorneys for Cameron argued the attorney general “has not only the power, but also the duty” to jump in when another state official declines to defend state law. He is asking the high court to vacate the appeals court’s judgment and send the case back for further consideration.
    In its brief in reply, the EMW Women’s Surgical Center, Kentucky’s only licensed abortion provider, countered that Cameron’s bid to intervene is invalid, in part because the attorney general’s office had previously agreed to be bound by the outcome of the case.
    Tuesday’s oral arguments focused not on the merits of the Kentucky abortion law but rather hinged on whether Cameron should be allowed to intervene after the appellate court delivered its ruling and after the rest of the state’s administration had opted out.

    “If there’s no prejudice to anybody, and I can’t see where there is, why can’t he just come in and defend the law?” Justice Stephen Breyer asked a lawyer representing the surgical center against Cameron.
    “Now, he may lose,” Breyer said, “and he may lose for the reasons that you say. But I don’t see why he can’t, if Kentucky allows him to make the argument, why can’t he make the argument?”

    Volunteer clinic escorts wait for patients outside the EMW Women’s Surgical Center in Louisville, Kentucky, U.S., on Tuesday, Sept. 28, 2021.
    Luke Sharrett | Bloomberg | Getty Images

    Breyer later said he may be confused about the facts of the case. But Justice Elena Kagan, another liberal, picked up on the point that much of the conflict arose from the fact that Kentucky’s leadership had switched parties over the course of litigation.
    Then-Gov. Matt Bevin, a Republican, signed H.B. 454 into law in March 2018. When the surgical center filed suit shortly after, it named then-Attorney General Andy Beshear, a Democrat, as a defendant, but his office was soon dismissed from the case. Later, as the case was being appealed, Beshear was elected Kentucky’s governor and Cameron was elected attorney general. The state health secretary, still involved in the lawsuit, continued to defend the law until after the appellate ruling, when he said he would no longer do so.
    Cameron’s lawyers told the court that the attorney general tried to intervene within two days of hearing that the secretary would stop defending the law.
    “There’s a real-world way in which that seems to matter a lot. I mean, that creates the problem here, which is that there’s nobody left defending the state’s law,” Kagan said.
    “And I think what Justice Breyer was saying is, ‘Gosh, that would be an extremely harsh jurisdictional rule'” if no one was willing to defend the law, even though there are parts of Kentucky’s government that still want the law defended, she said.
    The lawyer, Alexi Kolbi-Molinas of the American Civil Liberties Union, replied that “harsh results don’t change whether or not a jurisdictional rule is imposed.”

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    Fed's Bullard says bond purchases should be tapered quickly in case rate hikes are needed

    St. Louis Federal Reserve President James Bullard advocated for the central bank to be aggressive as it starts winding down its monthly bond-buying program.
    “I’ve been advocating trying to get finished with the taper process by the end of the first quarter next year,” he told CNBC.
    Bullard said he is optimistic the economy will growth strongly into next year.

    St. Louis Federal Reserve President James Bullard advocated Tuesday for the central bank to be aggressive as it starts winding down its monthly bond-buying program in case inflation becomes a larger problem.
    In a CNBC interview, the Fed official said he thinks it’s a 50-50 chance that the current inflation pressures are transitory, so policymakers have to be ready.

    The Fed is largely expected to announce next month it will begin tapering minimum $120 billion a month asset purchase program, with a target date probably by mid-2022.
    Bullard said he’d like to see more faster action.
    “I’d support starting the taper in November,” he said on “Closing Bell.” “I’ve been advocating trying to get finished with the taper process by the end of the first quarter next year because I want to be in a position to react to possible upside risks to inflation next year as we try to move out of this pandemic.”
    Fed officials say they’d prefer to have the tapering finished before rate hikes start.

    The remarks come the same day that the International Monetary Fund cautioned that inflation could persist longer than expected. In doing so, the IMF advised central banks to come up with contingency plans to tighten policy should that be the case.

    Bullard said he is optimistic the economy will growth strongly this year into next, even though he joined his fellow policymakers in marking down their 2021 U.S. economic growth outlook.
    The Fed has stressed that even if it starts tapering this year, that shouldn’t be considered a sign about looming interest rate hikes. Officials have said they believe the Fed has met its inflation mandate of 2% growth, but that it’s still some distance away from its goal of full and inclusive employment that would trigger a rate hike.
    “There’s no reason for us to commit one way or another at this point,” Bullard said. “I just want to be in a position in case we have to move sooner that we’re able to do so next year in the spring or summer if we have to do so.”
    Some of the more hawkish Fed members — those who favor tighter policy –—have raised questions about the Fed narrative that inflation is transitory. Earlier in the day, Atlanta Fed President Raphael Bostic said he doesn’t even want workers at his office to use the term, preferring instead “episodic” to describe current conditions.
    Bullard also has raised doubts about the theory that the inflation run is being caused primarily by supply chain problems.
    “A supply shock alone cannot cause inflation,” he said. “A supply shock being accommodated by very easy monetary policy, it’s those two things that lead to the inflation.”
    Still, he said he thinks the U.S. economy is in a good place and doesn’t not believe it is seeing 1970s-style stagflation, or inflation with negative growth.
    “The probability of recession is exceptionally low at this point,” he said.

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    Cathie Wood says exodus from high-cost cities will push down inflation as Ark heads to St. Petersburg

    Cathie Wood is moving her investment firm’s headquarters to St. Petersburg, Florida on Nov. 1.
    The disruptive innovation investor said individuals and companies flocking to more affordable areas of the country should keep inflation at bay.
    “We believe that St. Pete wants to become the next Austin and attract tech companies, attract innovation,” Wood said during an Ark Invest.

    Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, September 13, 2021.
    Brendan McDermid | Reuters

    Closely followed innovation investor Cathie Wood said the migration trend playing out in her own company is further evidence that investors should fear deflation instead of inflation.
    Wood — founder, CEO and CIO of Ark Invest —is moving her investment firm’s headquarters to St. Petersburg, Florida on Nov. 1. The disruptive innovation investor said that individuals and companies flocking to more affordable areas of the country should keep inflation at bay.

    “The cost of living [in St. Petersburg] is anywhere from 20% to 40% less than in New York City and that includes the rents,” Wood said during an Ark Invest webinar Tuesday.
    “The exodus, or the great migration is from the very high-rent areas of the world to much lower rents. So there’s going to be a mix effect that many are not taking into account as they’re thinking about inflation,” she added.
    Wood has been vocal about her theory on deflation. While many market participants are concerned about rising prices, the Ark Invest founder expects deflation amid a breakdown in commodity prices, gridlock on tax policy in Washington and innovation trends taking off.

    The hot-handed investor is also trying to put St. Petersburg, which is west of Tampa, on the map for the innovation community.
    “We believe that St. Pete wants to become the next Austin and attract tech companies, attract innovation,” Wood said. “We’re seeing all levels of the government work together this very cohesively, which is very refreshing. They are very excited that Ark is hereto help with that process.”

    The company also announced last week the groundbreaking of the Ark Innovation Center will take place during the first quarter of 2022 in St. Petersburg. This will include a facility to help attract and retain top talent by supporting entrepreneurs and tech start-ups in St. Petersburg and the Tampa Bay region, according to Ark’s news release.
    “I think this region of the world is going to burgeon, this region of our country is going to burgeon because of its focus on innovation,” she added.
    Wood also added that St. Petersburg is “incredible” from a quality of life perspective.

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    Stories from orbit: Q&A with SpaceX Inspiration4 commander Jared Isaacman

    The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month.
    CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience.
    “The single most impactful moment for me was the moonrise,” he said.

    Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window.
    Inspiration4

    The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month.
    CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule in orbit alongside the Inspiration4 crew of four – which included pilot Sian Proctor, medical officer Hayley Arceneaux and mission specialist Chris Sembroski – having launched on the company’s Falcon 9 rocket.

    “The single most impactful moment for me was the moonrise,” Isaacman said. “That just made me think that we’ve got to just get our a– in gear a little bit more and get out there.”
    The primary goal of the mission was to raise $200 million for St. Jude Children’s Research Hospital. Isaacman, a billionaire entrepreneur, donated $100 million in addition to purchasing the spaceflight, and Musk also personally pledged $50 million to St. Jude after the mission. Inspiration4 has raised $238.2 million for St. Jude as of Tuesday, according to the mission’s website.
    Read the question and answer interview with Isaacman below. The transcript has been lightly edited for clarity and length.
    The Inspiration4 crew visited SpaceX headquarters after the mission: Any new takeaways from that debrief?

    The Inspiration4 crew speaks to SpaceX employees at the company’s headquarters in California.
    John Kraus / Inspiration4

    There was the crew giving our experiences – what we saw, or what we heard or what we felt – back to the engineers, so they can learn from that going forward, and then there were separate debriefs where the engineers are debriefing Dragon, Falcon, operations. They learned some things from us based on our experiences, and then we learned some things from them based on what they learned from the vehicle or the booster.

    How do you describe the feeling of space adaptation syndrome [a form of motion sickness space travelers experience]?

    Space adaptation syndrome is certainly real. Approximately 50% have [had the syndrome] happen throughout spaceflight history, across NASA astronauts and such. There’s not a whole lot up until now that you can do to predict it. You [even have] hardcore fighter pilots that just get sick in space. What they do know is the recovery is very quick – usually even without medication it’s less than 24 hours – and they do know that certain medications will reduce it even further. In terms of just general odds, those odds played out with us. The medications made it a shorter recovery and everybody was happy and healthy shortly thereafter.

    What I do think was interesting is that for SpaceX, given their objective to put like potentially millions of people in space someday, we did participate in a research experiment before and after the mission. Based on the data so far, and it’s a small sample size, they would have predicted 100% would have been faced with it. So that’s good because now maybe there’s a different medication that those people who are susceptible to it could take before launch and minimize that impact … it reinforces the real role of a medical officer on a mission because, as much as we want to turn this into airline travel, the reality is you do feel very different in space … that can lead down a path where some medical treatment is warranted, so having Hayley Arceneaux on our mission to start divvying up shots as required was pretty important and that will be something they maybe even want to expand upon.

    The first look at the crew in orbit, from left: Jared Isaacman, Hayley Arceneaux, Chris Sembroski, Sian Proctor.
    Inspiration4

    I was assisting Hayley in helping our other crew members, and I would say that it presented in two very different ways: One was very much like typical seasickness, motion sickness – where you’re happy and then all of a sudden, you’re like “I don’t feel so well” and then the other I would say was much more gradual, slowly building. Again, not uncommon from what we have heard from NASA and others. It presents differently with people. For me, I didn’t actually think anything was out of place. Obviously you’re looking out the window and you’re seeing Earth and that’s moving and then you’re in a spacecraft now that can move on all axes while you’re floating inside it and I think, for some people, maybe the combination of all three is a little bit of a sensory overload.

    What was the launch experience like, from the moments before ignition to the moment when you realized you were in space?

    As a pilot you instruct people, as they move into higher performance aircraft, the concept that you always have to stay in front of the jet and that things will continue to happen faster and faster for you, where the time to make decisions needs to be quicker. But to be honest, as I progressed through my aviation career, I never really noticed those leaps that much.

    It absolutely is that case in a Falcon and a Dragon, because time is moving very slowly right up until the last 10 minutes and then it just moves at this exponential pace where, before you know it, minutes are disappearing as if they’re seconds. It did not feel like 10 minutes; it felt like, I don’t know, 20 seconds.

    SpaceX’s Crew Dragon capsule “Resilience” stands on top of a Falcon 9 rocket at NASA’s Kennedy Space Center LC-39A on September 12, 2021.
    Inspiration4

    You hear everything. [NASA’s] Crew-1 told us that too, when we spoke to them, that Dragon does, as they described it, come alive … The first thing is the launch escape system, because you have to arm that before you put propellant on and that is a very loud noise as valves open and the system gets charged … so you feel that thud, and then it’s only seconds thereafter before you actually hear grumbling propellant loading onto Falcon and then as tanks are starting to fill and you have venting you hear that. You hear valves opening and closing. It’s not very mechanical sounding – I would describe it more as a rumble … and you’re hearing that right up until essentially the last minute.

    You do feel as the transporter erector, the “strongback,” retracts, because there’s just a little less stability so even a little bit of wind you feel … by the time you hear the countdown of one, you’re already feeling the sensation of liftoff. There’s a delay in the radio so you’re seeing the bloom of the engines come alive on the screens and before even the countdown hits one you’re already on your way up. It is not the big G event that people think because you’re actually going rather slow initially, so you sense the motion, but it’s nothing like being in a car and somebody slamming on the gas.

    You hear and you feel the throttle up and throttle down, so going through Max Q … when those dial back, it is noticeable. You also do feel the pitch over – so as Falcon’s pitching down range – you can see it on the screens but you can feel it too, that it is changing its attitude at that point. It sounds loud, but what you’re hearing is the turbo pumps driving at max performance. Once you’re going past the speed of sound it’s really what is on the vehicle that you’re hearing.

    Did you feel a change when weightlessness began?

    It’s instant. It’s actually the same feeling that you have at stage separation. At stage separation, before the second motor ignites, to me it was a huge unload. You’re practically at a zero-G event at that moment. It’s the same thing when you get on orbit, except that it never starts up again. It’s continuous. And the best way to describe that would be hanging upside down from your bed, like your head fills with blood.

    What does the lack of gravity feel like?

    You’re still kind of on your terrestrial up, down, left, right when still strapped in. The moment you unstrap and you start working in space, you don’t care anymore. You’re not bounded by that at all. You could be just as comfortable upside down facing the floor and that wouldn’t feel that unusual. That said, I would say most of the time you are still oriented where the cupola is the top and and the floor is the floor.

    When did you get your first view out of Dragon?

    When I made that call down about the doors opening up a bit, I was just looking under the screen and looking out the two forward windows and it looked like if you watch space camp, whether it’s rendering or otherwise, it looks exactly like everything we’ve ever seen: “Holy s—, there’s Earth through the window.” I wasn’t surprised that it looks so much different than I thought it would be. It radiates more and it’s higher resolution for sure — you’re seeing it with your own eyes — but it looks pretty much what you would expect it to look like.

    Was each day in orbit on a tight schedule?

    It was a very tight schedule and it went by very quickly. It did not feel like three days. We got behind on our schedule the first day, which is exactly what was predicted based on a long simulation, that if even one person is feeling unwell – and to be clear, no one vomited, it’s just an unwellness feeling where you just take your meds and you just ride it out. But if even one person is down, the workload increase is pretty significant, so we did have two that were down for some period of time. Despite good efforts you’re really behind on the first day. By the morning of the second day, we woke up early, which is exactly what we did in the 30-hour sim to get ahead, and you’re right back on track and now everyone’s feeling good. And then by the third day you’re even better because whatever adaptation your body’s going through it’s kind of at its strongest by that point…. We went from behind on schedule to ahead of schedule by the third day.

    What is sleeping in space like? Did you have any trouble getting used to sleeping?

    This was another one where it was a 50/50 thing, where like 50% of astronauts say they love sleeping in space and 50% really don’t. And with us, one really loved it and three weren’t in love with it. One of the things that happens, versus being in your own bed, is while you’re sleeping you turn into a board – your body just straightens out. It just happens, you can’t like kind of curl up, you don’t have like the same benefit of cocooning like in a one-G environment. That leads to back pain. I had it, too. I would say it’s very minor, but the moment you start working again and moving around it goes away. But lying like a perfect board, like in a plank all night on a hard floor, is kind of what that feels like. Hayley, she had no problem at all. She just loved it.

    We all were tired – so I would have thought like hey, “I can go to Vegas, think of it like a bachelor party weekend, you’re just gonna be up for three days.” But no, I was just so exhausted, as was everybody at the end of the day. [We slept] for like four to five hours a night; nobody slept eight hours.

    Since you were trained to fly Dragon, did you ever take control and fly or reorient the spacecraft?

    It was one of my regrets, not changing the pointing mode. We have a “Sun+GEO” mode and it’s better communication, but it points the cupola towards the star field. And I don’t know why none of us really thought about it, but we didn’t.

    The reality is, in all of the emergency [situations], where you actually manually bring Dragon home, it has to be really bad and the most likely time it’s going to happen is right when you get on orbit. If you can’t separate from the second stage, that’s an immediate ‘come home’ because you jettison the trunk and that’s a manual re-target back, because there’s not enough time for ground [control] to upload a burn to get you back to a supported site. Or if you have a major communications failure – you don’t launch with your [return site] already pre-loaded in Dragon – so for as autonomous as it is, [Dragon] has to be told where and when to come home. It’s not pre-stored in the computer … for that to actually happen on orbit after the downhill plan has already been uploaded, which happens within the first 12 hours, it’s got to be a fire or depressurization or a micrometeorite hit that’s pretty bad.

    Did you have any other regrets from your time on orbit or wish you brought other things along with you?

    Nothing I wish I would have brought. In fact, a lot of my feedback to SpaceX was they should have been harder on us to take less stuff up, because it’s just a lot to manage. A lot of the cargo locations are hidden behind panels and it’s a real pain to get stuff in and out. My regrets are really small stuff. I felt like I was very driven on a timeline to just “stay ahead of the jet,” don’t get behind … I was always busy – that didn’t mean that I didn’t take pictures – but could I have taken an extra second, to stage a picture better? Could I have wiped down the cupola, where there was a smudge mark? It’s little things like that, that I was mad at myself for just not pausing in the moment and just trying to get it a little more right.

    What were your favorite moments with just yourself and the crew in space?

    The single most impactful moment for me was the moonrise.

    The moon rising in orbit above the edge of the Earth.
    Hayley Arceneaux / Inspiration4

    That just made me think that we’ve got to just get our a– in gear a little bit more and get out there. It’s so hard, because I’m totally in the same camp as Elon; that the vast overwhelming percentage of our resources should be spent on making Earth better. But even 1%, or a fraction of a percent, can make such a bigger difference out in the universe. And if you could imagine trying to explain to somebody from 200 years ago what a cell phone represents, what virtual reality is, what augmented reality is, what jet transportation is – all of these concepts, that to us have positively impacted our lives, made us more productive … the world has gotten better because of technology that a person 200 years ago couldn’t even imagine.

    Well, how much more of that is out there if we just go and explore this vastness of space that we know literally nothing about? Really, in the grand scheme of things, we know nothing about it. So there’s a degree of frustration that I hope in our lifetime, or at least we set up the generations to follow a little bit better, so that we can go across the oceans and climb the mountains again. So that was the feeling I had looking at the moonrise. There were happy moments of course: Chris playing a ukulele – where I’m quite sure if it was on Earth, we would all find anything else to do but if you’re in space, you’re like, “man, this is cool” – watching your crewmates eat and be happy, watching Sian paint. We got to watch everybody be who they are, which was pretty cool.

    What did the reentry and splashdown experience feel like inside the capsule?

    In general, the climate of Dragon was awesome. Crew-1 told us it gets really cold; we didn’t find that at all. We do have the ability to manually adjust temperatures – this is not like in your car, your thermostat. Coming downhill is nothing like the movies where everybody’s sweating and there’s condensation everywhere and there’s a fireball out the window. You only see pulses of what I would describe as like a fluorescent type light coming into the window. And it’s pulsing, it’s not continuous. It’s like a flash of yellow, a flash of purple, a flash of pink, a flash of orange – which is exactly what we saw from the Crew-1 footage, so nothing surprising about that at all.

    Temperature was normal the whole way down. There is a cooling process that begins prior to re-entry to just adjust the cabin, but you don’t know it because you’re in your suits and you’re getting air, that’s basically your climate control. You absolutely know when you hit the atmosphere. We’d done 50 re-entries in training and you know exactly when you’re going to hit the denser part of the atmosphere … The deceleration starts happening quick and the G build-up starts happening and as you get more and more into denser atmosphere, you’re still going at a pretty substantial velocity. The G’s build up and it actually hurts a lot more than than the uphill because your body deconditioned over three days. So that was actually one of the debrief points I said, is that in the centrifuge profiles, [SpaceX] should add one G to everything on the re-entry because your body is feeling it more on the way down than on the way up.

    In the simulators, I would recall, from the time deorbit sequence would begin to splashdown it’s about 70 minutes or so … there are gaps of time where nothing’s going to happen – and then it just disappeared, the last 80 kilometers. In fact, for a triple flight computer failure – which is one of the worst things that can happen other than a fire or a depressurization – in our checklist, you have to be able to start the process no later than 20 kilometers [above the water] because it takes 90 seconds to reboot all three, and if you’re less than 20 kilometers then you just plan to manually deploy all the chutes. When I think about when I saw 20 kilometers versus when we hit the water, it felt like five seconds. So I don’t know how, at that moment, you would have you’d be able to do that – I think you’d just be focused on getting the chutes out. You definitely feel the chutes big time, the drogues and the mains [a drogue is a parachute which deploys at high-speed, before the main parachutes].

    Hayley will talk about how she looked at the G meter and saw 0.2 Gs and she’s like: “Wow, I feel that” and it’s true. It’s like an elephant sitting on your chest for probably eight minutes or so.

    When the drogues come out it’s the sound that you want to hear of the mortars firing – those are pretty loud. From there, we have a camera looking straight up, so you can see if they come out nominally, and then you have a vertical velocity indicator that shows if you decelerated within a nominal range and then, third, you’ve got a WB-57 [a NASA supported aircraft] up there that is talking to mission control. Right about the time we see the velocity slow, you get the call from mission control that we see two healthy drogues. That lasts … 10 seconds or so, and then the mains come out. That’s another smack.

    The way I’ve described it: Imagine just being in this tin can and somebody shaking it – it’s a lot of lateral forces, where you’re getting jerked around like that a little bit. And then the next is splashdown, which is just like getting rear-ended with a car, you’re like, “I’m just sitting here and somebody smacked me from behind” – that’s what it feels like.

    Were there any adjustments from returning to gravity?

    Everything feels heavier, but your legs the most. So maybe your arms feel like 10% or 15% heavier, but your legs feel like 40% to 50% heavier. And then it’s a coordination thing where your ability to tell what is level is degraded. We’re all slightly different on that – I was probably 90% physically there and 85% from a coordination perspective, which is totally good. It was much more the rocking of the boat that they were probably worried about than us just falling over. I’d say everybody was generally in the same ballpark, plus or minus 5%-10% percent.

    When did you find out Musk donated $50 million to help push the campaign past its fundraising goal?

    SpaceX CEO Elon Musk poses with the crew before launch on September 15, 2021.
    John Kraus / Inspiration4

    We landed, they did a bunch of medical assessments and fluids, if anyone needed, on the boat. You change out of your flight suit and then they chopper you off as fast as they could. We touched down at the Shuttle Landing Facility, we got out, they let us have about 20 minutes with our families to give them hugs and everything. And then they took us to one of their buildings for medical checkups. This was really important – which we emphasized in the debrief – is that you want to see your families, you want to let them know that you’re okay and ease their concerns, and then you need to check out for a little bit.

    Isaacman reuniting with his wife, Monica, and their two daughters after splashdown.
    John Kraus / Inspiration4

    We got pulled away for the checkups, which was really smart. And while we were all sitting around this conference room table waiting for our turn on some of these tests, somebody pointed out that Elon tweeted that he’s in for $50 million. And then we knew at that point we were at like $218 million. It was just a very emotional experience for all of us – I don’t think there was a dry eye, because it just meant that what we did mattered that much more. And there is a lot to it, because Elon inspires the world with self-landing rockets and everything he embarks on. But we were able to inspire him to put some of his resources towards a cause. Maybe he would have done it – I have no idea how much of a relationship he did or did not have with St. Jude – but I’m highly confident he wasn’t planning on making that $50 million contribution until he got impacted by Inspiration4.

    What has it been like to go back to “normal” life on Earth?

    I’d say that every one of us had a little bit of an empty feeling at one point or another. It goes away pretty quick but, in the first five days from coming home, we all had something. With me it was deleting all the standing calls from my calendar, because there were a lot throughout a week and I was like “wow, I’m never going to do this check-in call again.” This was such an intense – super intense – part of our lives. The idea of going to space and coming back is intense in general, but when you’re on SpaceX’s timeline – clearly they do things in months that other people do in years – and you’re living it … you’re at this pace, you hit this peak and then it just drops and stops.

    I think with Hayley it was when she got back home and she was unpacking all of her Inspiration4 medical officer shirts and she’s like: “I may never wear these again, I may never pack to go to Hawthorne again.” Everybody had it a little bit differently. But then you get back and you start thinking about: “Well, what’s my job now?” Well, share the experience, put pictures out there, talk to you, tell you what it was like so you can tell others, give SpaceX the feedback they need so the next mission is even more successful.

    What would entice you to go on another spaceflight?

    Before launch I had a pretty high bar for another mission, in that I’ll never do a joyride. It has to have real responsibility, it has to make a real difference and and I have to somehow be in a position where I’m the right person to do it or somebody else should, somebody who hasn’t gone.

    So that was the bar before. But when we came back, looking at all the objectives we set out to accomplish a little under a year ago – finding an amazing crew, bringing us all together, delivering an inspiring message to people (maybe some of it has nothing to do with space: Hayley overcoming adversity at an early age, Sian never giving up on her dreams) – and reaching people with that message, I feel like we did all that. And then we said we want to solve a real problem, or attempt to solve a real problem, here on Earth by partnering with St. Jude. We set a $200 million goal and we exceeded that. We had other things that are impactful but still important – you want to make every moment on orbit count – we signed up for a bunch of research with Cornell and Baylor, you want to go past the space station (because why not, if you’re going to go to moon and Mars). We checked all those boxes … So that just raised my bar even higher because I would never want to do anything that would take away from the legacy of Inspiration4. My bar is really high on a very impactful, meaningful mission. If something like that does come around, then, yeah, why wouldn’t I want to go back?

    Any other thoughts about your experience?

    One final point that doesn’t usually come up much in these conversations – but I certainly try and draw as much attention to as I can – is that SpaceX is an incredible company. I know Elon can be a controversial person, but his company is incredible. We were just the lucky beneficiaries of their effort over the last 20 years. They’re all really extraordinary. I would hire like all of them if I could, except they’re working on making life multiplanetary so that’s also a very high bar to eclipse.

    Become a smarter investor with CNBC Pro.Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Sign up to start a free trial today.

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    Stocks making the biggest moves midday: MGM Resorts, Airbnb, Enphase Energy and more

    The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019.
    Charles Platiau | Reuters

    Check out the companies making headlines in midday trading.
    MGM Resorts — Shares of MGM Resorts jumped 9.6% after Credit Suisse upgraded the casino stock to outperform from neutral. The firm said MGM’s new operations and solid cash flow should make the stock attractive to investors. “MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit,” Credit Suisse said.

    CureVac – Shares of the German biotech firm slid 4.6% after it withdrew its Covid-19 vaccine application in Europe, following a decision by the European Medicines Agency not to fast-track the approval process for CureVac.
    Solar power stocks — Solar stocks have been on a tear this week amid global worries about an energy shortage. Enphase Energy rose 5.3%, while Sunrun rallied 8.5%.
    Airbnb —  Shares of the lodging rental company jumped 3.7% after Cowen upgraded the stock to outperform from market perform. The Wall Street firm said Airbnb’s growth next year will top expectations amid strong demand for alternative lodging. Cowen hiked its price target on Airbnb to $220 per share from $160 per share.
    Nike — Shares of the sportswear company rose 2% after Goldman Sachs initiated coverage of the stock with a buy rating. The firm said there could still be upside to the stock as Nike will likely benefit from more customers focusing on wellness, “a likely increased casualization of fashion trends post the pandemic.”
    Signet Jewelers — Shares of the jewelry retailer slipped 0.5% after the company announced the acquisition of rival Diamonds Direct for $490 million in cash. SIgnet said the acquisition would add immediately to the company’s earnings. 

    Fastenal – Fastenal shares advanced 3.1% following the company’s third-quarter earnings report. The industrial products maker earned 42 cents per share, which was in-line with Wall Street’s expectations, according to estimates from Refinitiv. Revenue came in at $1.55 billion, slightly ahead of the $1.54 billion analysts were expecting.
    General Electric — Shares of the industrial company dipped 1.3% after JPMorgan reiterated its neutral rating on the stock. JPMorgan analyst Stephen Tusa said that the stock appeared overvalued even if he adopted more optimistic projections put forth by other analysts.
    — with reporting from CNBC’s Hannah Miao, Jesse Pound, Tanaya Macheel and Yun Li.

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    Coinbase is launching a marketplace for NFTs

    Coinbase has opened a waitlist for a marketplace that lets users mint, collect and trade nonfungible tokens.
    The NFT market has boomed this year, with sales volume topping $10 billion in the third quarter, according to DappRadar.
    The move could be a way for Coinbase to branch out into new revenue streams — it currently relies heavily on exchange fees.

    Coinbase is getting into NFTs.
    The cryptocurrency exchange said Tuesday it plans to launch a marketplace that lets users mint, collect and trade NFTs, or nonfungible tokens. Users can sign up to a waitlist for early access to the feature, the company said.

    NFTs are one-of-a-kind digital assets designed to represent ownership of online items like rare art or collectible trading cards. They aren’t fungible, meaning you can’t exchange one NFT for another like you could with bitcoin and other cryptocurrencies.
    Sales of such tokens have boomed this year. The NFT market topped $10 billion in transaction volume in the third quarter of 2021, according to DappRadar, a company that tracks data on crypto-based applications.
    Notable purchases include the almost $70 million someone shelled out for a digital collage made by Mike Winkelmann, the artist known as Beeple, and the nearly $3 million another person paid for the first-ever tweet.
    Coinbase said its NFT marketplace, called Coinbase NFT, would include “social features” and tap into the so-called creator economy, a term used to describe the world of people who make money posting videos and other content online.

    Advocates say NFTs are a way to fairly compensate artists who’ve seen their income decline due to the widespread availability of media online. Critics, on the other hand, view them as another speculative bubble in the crypto market that’s waiting to burst.

    Still, a move into the NFT space could be a way for Coinbase to branch out into new revenue streams — the company is currently heavily reliant on exchange fees. It would also pit the firm against other crypto start-ups like Gemini, Binance and OpenSea, which is backed by early Coinbase investor Andreessen Horowitz.
    Last month, OpenSea admitted insider trading took place on its platform. The company is by far the biggest NFT marketplace, according to DappRadar.

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    FDA staff doesn't take stance on Moderna Covid booster shots, says two doses are enough to protect against severe disease

    FDA scientists on Tuesday declined to take a stance on whether to back booster shots of Moderna’s Covid-19 vaccine.
    They said data shows two doses are still enough to protect against severe disease and death in the U.S.

    Food and Drug Administration scientists on Tuesday declined to take a stance on whether to back booster shots of Moderna’s Covid-19 vaccine, saying data shows two doses are still enough to protect against severe disease and death in the U.S.
    “Some real world effectiveness studies have suggested declining efficacy of Moderna COVID-19 Vaccine over time against symptomatic infection or against the Delta variant, while others have not,” they wrote in a 45-page document published on the agency’s website. “However, overall, data indicate that currently US-licensed or authorized COVID-19 vaccines still afford protection against severe COVID-19 disease and death in the United States.”

    FDA staff similarly didn’t take a stance on Pfizer’s Covid booster shots last month. That didn’t stop the agency’s Vaccines and Related Biological Products Advisory Committee from recommending third shots. The committee rejected Pfizer’s original plan to distribute the boosters to everyone 16 and older, paring that back to those most at risk of Covid, including the elderly and people with other health conditions. FDA officials later expanded those eligible to include people who worked or lived in settings that put them at high risk of exposure, like health-care and grocery store workers.

    Maryland National Guard Specialist James Truong (L) administers a Moderna coronavirus vaccine at CASA de Maryland’s Wheaton Welcome Center on May 21, 2021 in Wheaton, Maryland.
    Chip Somodevilla | Getty Images

    The report by FDA scientists is meant to brief the committee, which meets Thursday to review Moderna’s request to clear Covid booster doses for adults. The documents published offer a glimpse of the agency’s view on third shots.
    The meeting comes less than a month after U.S. regulators authorized Covid booster shots of Pfizer and BioNTech’s vaccine to a wide array of Americans, including the elderly, adults with underlying medical conditions, and those who work or live in high-risk settings like health and grocery workers.
    The FDA advisory group is scheduled to discuss data on the safety and effectiveness of Moderna’s booster shot in adults on Thursday and Johnson & Johnson’s on Friday. The agency could make a final decision within days of the meetings, handing it off to the Centers for Disease Control and Prevention and its vaccine advisory committee to make their own decision, likely next week.
    Moderna applied for authorization of a booster dose with the FDA on Sept. 1. The company said the results are based on a clinical trial of roughly 170 adults, fewer than the 318 people studied for Pfizer’s booster. Moderna said a third shot at half the dosage used for the first two jabs was safe and produced a stronger immune response than what was seen after the second dose in its phase three clinical trial.

    Moderna is asking the FDA to clear boosters for the same vulnerable groups eligible to receive Pfizer’s third doses – anyone age 65 and older, adults at high risk for severe Covid cases, and workers over 18 with an increased likelihood of occupational exposure to the virus.
    Side effects of Moderna’s boosters were comparable with those experienced after the second dose, the company wrote in a separate document released Tuesday by the FDA. Most adverse reactions were low in severity, and Moderna reported no cases of a rare heart inflammation condition, myocarditis or pericarditis, in trial participants up to 29 days after they received their boosters.  
    The Biden administration hopes giving the U.S. population additional doses will also continue to ensure long-term and durable protection against severe disease, hospitalization and death as the fast-moving delta variant continues to spread.
    The strain led to a surge in hospitalizations in the U.S., mainly among the unvaccinated. Still, some vaccinated Americans have suffered so-called breakthrough infections and just more than 19,000 of them — less than 1% — have been hospitalized or died with Covid as of Sept. 20, according to data compiled by the CDC.

    CNBC Health & Science

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    Inside the Littoral Combat Ship, one of the Navy's most controversial warships

    The USS Freedom — the first Littoral Combat Ship, or LCS — was decommissioned after only 13 years in the fleet. This move appears to be at odds with the U.S. Navy’s goal of building up a force of 355 ships.
    The LCS is designed for littoral areas, or water closer to shore. Larger ships have trouble operating in these areas because of the shallow water. But engine issues, mission module problems and the evolving state of the world have put the future of the ship in choppy waters.

    Several older Littoral Combat Ships are also being decommissioned due to the high cost of upgrading them.
    “The bottom line is, it’s a zero-sum game. Every dollar you spend to keep those [LCS’] going is $1 you can spend on these other, I think, higher priorities” said Rep. Adam Smith, D-Wash., chairman of the House Armed Services Committee.

    US Secretary of the Navy Ray Mabus (C) walks down from the USS Freedom, docked at Changi Naval Base in Singapore on May 11, 2013.
    Roslan Rahman | AFP | Getty Images

    To increase the vessel’s punch, the Navy has moved to add the Naval Strike Missile to some of the warships. It also decided to designate certain ships for specific missions, in contrast with the quick and swappable mission modules that were envisioned when the ship was first designed.
    There are two variants of the Littoral Combat Ship: the Independence-class, an all-aluminum trimaran design, and the Freedom-class, which is a more traditional steel hull with an aluminum superstructure.
    “Independence has been very successful deploying overseas to Singapore, in you know, in China’s backyard,” LCS Squadron Two commander Capt. David Miller said. “Starting in late 2019, the Freedom-class followed in the [U.S. Southern Command Area of Responsibility].”

    USS Freedom (LCS-1) arrives in Manila to join the Philippine and US military exercise dubbed Balikatan 2013 (Shoulder-to-Shoulder) on April 9, 2013.
    Jay Directo | AFP | Getty Images

    The Freedom-class was plagued by an engine issue that related to the combining gear, a complex piece of machinery that ensures that the multiple engines on the ship can function together. The Navy and Lockheed Martin are working to fix the problem in future ships that are waiting to be commissioned into the fleet, and those that have yet to be constructed.
    “In a nutshell, we are running on track to get to put that problem behind us and move on with the future of the freedom class,” Miller said.
    Watch the video above to see CNBC go aboard the USS Milwaukee.

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