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Grain bins damaged from the derecho in Marshalltown, Iowa, in August. Photo: Daniel Acker/Getty Images

The derecho that struck parts of Iowa and Indiana on August 10 resulted in roughly $7.5 billion in damages, per an October update to the National Oceanic and Atmospheric's database of billion-dollar weather disasters.

Why it matters: Based on that estimate, the Corn Belt storm complex was the most economically devastating thunderstorm event in U.S. history, though its losses are still being tallied, so the total may be revised in the future, per the Washington Post.

The big picture: The derecho destroyed more than 10 million acres of soybean and corn crops and was the presumed cause of at least four deaths, the Post writes.

  • Winds up to 112 mph were recorded in Midway, Iowa and 100-mph gusts were recorded in Hiawatha.

By the numbers: The cost of the fast-moving wind event exceeded that of nine of 2020's 10 landfalling hurricanes and tropical storms. It was surpassed only by Hurricane Laura, which struck Louisiana in late August and caused an estimated $14 billion in damage.

Go deeper

In pictures: Storm Zeta churns inland after lashing Louisiana

Debris on the streets as then-Hurricane Zeta passes over in Arabi, Louisiana, on Oct. 28. It's the third hurricane to hit Louisiana in about two months, after Laura and Delta. Photo: Sandy Huffaker/Getty Images

Tropical Storm Zeta has killed at least two people, triggered flooding, downed powerlines and caused widespread outages since making landfall in Louisiana as a Category 2 hurricane on Wednesday.

The big picture: A record 11 named storms have made landfall in the U.S. this year. Zeta is the fifth named storm to do so in Louisiana in 2020, the most ever recorded. It weakened t0 a tropical storm early Thursday, as it continued to lash parts of Alabama and the Florida Panhandle with heavy rains and strong winds.

1 hour ago - Health

India crosses 1 billion COVID vaccinations milestone

A health worker inoculates a COVID-19 vaccine dose to a man wearing face mask of Prime Minister Narendra Modi in Beawar, India, in September. Photo: Sumit Saraswat/Pacific Press/LightRocket via Getty Images

India's Prime Minister Narendra Modi announced Thursday that the country's health workers have now administered more than 1 billion COVID-19 vaccines doses.

Of note: While this is a significant milestone for the country of 1.4 billion, which has been devastated by the coronavirus, only about 30% of the eligible population has been fully vaccinated against the virus, per AP. Roughly 75% has received at least one dose.

Trump says he plans to launch new social media network in 2022

Photo: Chris Delmas/AFP via Getty Images

Former President Trump on Wednesday announced plans to launch a social media network called "Truth Social," and that it would go public via a SPAC.

Why it matters: Most ex-presidents are focused on their legacies, by creating presidential libraries or engaging in philanthropic endeavors. Trump, however, remains consumed by social media.