I just downloaded Panic in the Sky. Really good, we're nearing the end of the Cadmus arc (spoilers below)
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Mr. JLA is Gay
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So it turns out Lex was playing both sides against each other to get Cadmus to develop enough tech for him to build a new Amazo which he could transfer his mind into. And to discredit Superman.
Then, at the end, we see the original 7 confront him and Lex changes into Braniac.
Can't wait for next week's episode.

Bow ties are coool.