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Lakshmi Singh
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Lakshmi Singh
Live from NPR News in Washington, I'm Lakshmi singh. More than 90,000 Californians are still unable to return home. It's been roughly a week since multiple fires broke out and powered by Santa Ana winds and dry weather began incinerating structures, sometimes entire neighborhoods. The work of containing the fires could be set back by more strong winds. This week. Louisiana County Sheriff Robert Lunas crews are searching smoldering rubble and finding remains for.
Robert Lunas
The El Tadena area. We are in the third day of grid searching. It is a very grim task and we unfortunately, every day we're doing this, we're running across the remains of individual community members.
Lakshmi Singh
The death toll currently stands at 24. It is expected to climb. At least 16 people are unaccounted for. Another grim number, the damage and destruction of more than 12,000 homes and other structures. Some estimates put insured losses from the California wildfires at more than $20 billion, which threatens to upend efforts to stabilize the state's troubled insurance market. NPR's Greg Allen reports. Insurance companies had all but stopped writing new policies for homeowners and renters in places like Altadena and Pacific Palisades.
Amy Bach
California recently adopted regulations allowing companies to set higher rates while also requiring them to write more policies in fire prone areas. Amy Bach with consumer group United Policyholders worries this will set back those efforts.
Unnamed Analyst
You know, just psychologically, this, this disaster couldn't have come at a worse time in terms of insurance executives renewed confidence in doing business in this state.
Amy Bach
Analysts say insurance companies have enough reserves to cover the losses if the state created plan that covers many in Palisades in Altadena runs out of money, though policyholders throughout the state may see a special assessment to make up the shortfall. Greg Allen, NPR News, Los Angeles.
Lakshmi Singh
The Biden administration says negotiators are close to a ceasefire deal in Israel's war against Hamas in Gaza that would lead to the return of hostages. NPR's Aswell Khalid reports. A White House has been talking about this deal for several months.
Asma Khalid
President Biden first outlined the proposal back in late May, but now his national security adviser, Jake Sullivan is showing a renewed optimism.
Jake Sullivan
We are close to a deal and it can get done this week. I'm not making a promise or prediction, but it is there for the taking, and we are going to work to make it happen.
Asma Khalid
The White House says it's been coordinating with the incoming Trump administration to present a united message to get the deal done as quickly as possible. The president elect has said that if the hostages are not released by his inauguration, quote, all hell will break out. Asma Khalid, NPR News, the White House.
Lakshmi Singh
This is Biden's final full week in office. It's npr. On the heels of the surgeon general's report on alcohol, many experts support revising the current guidelines for alcohol. NPR's Alison Aubrey reports. Scientists and physicians are reviewing the evidence to better understand the risks.
Dr. Ashish Didwana
If you choose to drink alcohol, the standard advice has long been to limit consumption to up to one drink a day for women, two for men. But many experts now say this amount of daily drinking may be too high. Dr. Ashish Didwana of Northwestern University is among them.
Jake Sullivan
My guidelines would be drinking less than seven drinks a week.
Dr. Ashish Didwana
Some research points to an increased risk of certain cancers, including breast cancer, with as little as three to six drinks per week. In Canada, the recommendations are that people should consume no more than two drinks per week to avoid alcohol related harms. Alison Aubrey, NPR News.
Lakshmi Singh
Crude oil prices have climbed to their highest level in five months. NPR Scott Horsley reports on what's driving energy markets.
Scott Horsley
Oil prices jumped sharply over the weekend after the Biden administration added new sanctions against Russia's energy sector. So far, the higher crude prices have not filtered down to the gas pump. AAA says regular gas is selling for an average of just over $3.06 a gallon, little change from a week ago. U.S. steel has gotten a little more time to cancel its planned sale to Japan's Nippon Steel. President Biden moved to block that sale, citing national security concerns. But an interagency committee agreed to delay the effective date of that order until mid June. Scott Horsley, NPR News, Washington.
Lakshmi Singh
The Dow has closed up 358 points. This is NPR News.
Jake Sullivan
Listen to this podcast sponsor free on Amazon Music with a Prime membership or any podcast app by subscribing to NPR News Now +@plus.NPR.org that's plus.NPR.org.
Hosted by Lakshmi Singh
Timestamp: [00:25] – [02:27]
California continues to grapple with severe wildfires that have left over 90,000 residents displaced. The fires, fueled by relentless Santa Ana winds and dry conditions, have ravaged structures and entire neighborhoods, with containment efforts jeopardized by ongoing strong winds.
Key Points:
Insurance Market Impact: Insurance companies have largely ceased writing new policies in high-risk areas like Altadena and Pacific Palisades. Amy Bach of United Policyholders expressed concerns, stating, “This will set back those efforts” ([01:49]). An unnamed analyst highlighted the ill-timed disaster's impact on insurer confidence, noting, “this disaster couldn't have come at a worse time in terms of insurance executives renewed confidence in doing business in this state” ([02:02]). Despite sufficient reserves, there may be a state plan shortfall, potentially resulting in special assessments for policyholders ([02:11]).
Timestamp: [02:27] – [03:18]
The Biden administration is reportedly nearing a ceasefire agreement in the ongoing conflict between Israel and Hamas in Gaza, which includes provisions for the release of hostages.
Key Points:
This marks President Biden’s final full week in office, underlining the urgency of the negotiations.
Timestamp: [03:18] – [04:18]
In the wake of the Surgeon General's report on alcohol, experts are advocating for revised drinking guidelines to better reflect current health risks.
Key Points:
The shift towards more conservative guidelines aims to reduce the prevalence of alcohol-related health issues.
Timestamp: [04:18] – [05:03]
Crude oil prices have surged to a five-month high due to new sanctions imposed by the Biden administration on Russia's energy sector. Despite the increase, gasoline prices at the pump remain relatively stable.
Key Points:
Market Impact: The Dow Jones Industrial Average closed up 358 points, reflecting positive investor sentiment despite the volatile energy sector ([04:57]).
Conclusion
This episode of NPR News Now provided comprehensive coverage of critical issues ranging from natural disasters and their economic implications in California to international diplomacy efforts in the Middle East. Additionally, public health guidelines on alcohol consumption and fluctuations in the energy market were explored, offering listeners a broad spectrum of current events and their potential impacts.
For more detailed updates and continuing coverage, visit NPR News Now.