What is the latest information about asteroid 2024 YR4 and its potential impact with Earth?

Scientists have updated the probability of asteroid 2024 YR4 hitting Earth to 3.1%, an increase of about 1% from previous reports. The asteroid, roughly the size of the Statue of Liberty, could potentially wipe out a city if impact occurs. However, there remains a 96.9% chance it will miss Earth entirely. Scientists plan to use the James Webb Space Telescope to better observe the asteroid before it disappears behind the sun until 2028. With over seven years to prepare for the 3.1% impact possibility, NASA has time to monitor and potentially develop mitigation strategies for this city-destroying threat.