04/07/2012 02:00 pm ET

Jimmy Fallon's 'Night News Now' Returns! (VIDEO)

Earlier this year Jimmy Fallon introduced a new fake news segment to "Late Night" appropriately called "Night News Now," which harkened back to his days as a "Weekend Update" anchor on "SNL."

Now, a month-and-a-half later, it's back!

When Fallon puts on his special blazer, he is transformed into a deadpan anchor delivering news briefs (with an emphasis on the brief) at his desk. In this edition, Fallon takes a few jabs at the GOP candidates, presents "reports" on the weather and sports, does his "Tick Tock Tech Talk," deals with a graphics mishap and even finds time to do an Adele parody that's way funnier than it should be.

Also be sure to look out for Eugene Levy as Ed Lemer, an Economist who equates the current financial crisis to a pool noodle, and a special Rick Santorum treat at the end. Watch above.