Every time there is a breaking news event, it does not matter what it is, there is an opportunity to profit. You can find a related product, sign-up as an affiliate, and be sending pay per click traffic in minutes. You can create a keyword rich page and make money with Adsense.
For example, when President Reagan, or Michael Jackson died I had a page with links to Amazon books, videos, pictures, etc., and a pay per click program up in an hour. It was incredible how many hits that page received.
Get an affiliate account with Amazon. Virtually any news event can be tied to products available through Amazon. With Adsense it is up to Google and the Adwords advertisers to determine if anything profitable will be shown on your site.