Hello! Here's what you need to know on Thursday.
1. US Sen. Ted Cruz announced that he would name former Hewlett-Packard CEO Carly Fiorina as his running mate if he were to win the Republican presidential nomination. "This is an individual you can trust to lead this country no matter what might happen," Cruz said at a rally Wednesday.
2. Facebook crushed its first-quarter earnings, sending the stock up nearly 9% in after-hours trading.
3. Elon Musk's SpaceX announced that it planned to send a Dragon spacecraft to Mars as soon as 2018. The mission would lay the groundwork for eventually landing humans on Mars.
4. Chinese President Xi Jinping said Thursday that China would not allow chaos and war to break out on the Korean peninsula. China is North Korea's sole major ally.
5. Vietnam is being crippled by its worst drought in nearly a century, which could lead to a serious reduction in exports of major goods.
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6. The "golden age" of stock market returns is over, according to new research from the McKinsey Global Institute. That means investors will have to save more, retire later, or live less comfortably during retirement.
7. Hedge fund billionaire Bill Ackman and a group of Valeant executives got grilled in one of the most brutal US Senate hearings ever. They were answering questions about the company's practice of buying drugs and jacking up their prices.
8. Venezuela has announced that millions of officials will work only on Mondays and Tuesdays, taking the rest of the week off in a bid to save electricity.
9. Japan will begin tests to measure the fuel economy of vehicles made by Mitsubishi, which admitted last week to manipulating mileage test data.
10. The New York City Police Department brought charges against 120 people, in what was described as the biggest gang takedown ever in the city.
And finally ...
Here's how much time people spend on Facebook, Instagram, and Messenger every day.
