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TradeBriefs Editorial

From the Editor's Desk

For Start-Ups Seeking Talent, a Lofty Purpose Can Backfire - Harvard Business Review (No paywall)

The guidance for established companies is clear and backed by research: Having and communicating a social vision will help you attract employees. Erasmus University’s Murat Tarakci and a colleague—Timo van Balen of Utrecht University—wondered if young firms should follow the same advice. So they tracked responses to the job postings of 795 new U.S. and Canadian ventures. Those highlighting a social mission received 46% fewer applications than others. The conclusion: For start-ups seeking talent, a lofty purpose can backfire.

Continued here


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Beach Boys star Brian Wilson has dementia  
  

Beach Boys star Brian Wilson has dementia
In further Wilson news, earlier this week it was announced that Cows in the Pasture, a long-lost, half-finished country music album he made in 1970 with Beach Boys former manager Fred Vail on vocals, is being completed and prepared for release in 2025.


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How To Try Sora, OpenAI's AI Video Generator  
  

How To Try Sora, OpenAI's AI Video Generator
The text-to-video diffusion model is capable of minute-long videos that are so realistic, it looks like the real thing. Reactions on X can be divided into two camps: "Is Sora going to make video production obsolete?" and "How can I try it?"






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Microdosing LSD increases the complexity of your brain signals - New Scientist (No paywall)  
  

Microdosing LSD increases the complexity of your brain signals
Low doses of the psychedelic drug LSD increase complexity in the brain, even when they don’t alter a person’s consciousness. The finding challenges the idea that these two phenomena are correlated and raises the possibility that even small doses of LSD might have therapeutic effects.


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Kylian Mbappé's PSG Exit Will End Its $1.3 Billion Super-Team Experiment - Forbes (No paywall)  
  

Kylian Mbappé's PSG Exit Will End Its $1.3 Billion Super-Team Experiment
Kylian Mbappé's time in the French capital may finally be over. On Thursday, multiple news outlets reported that the 25-year-old French soccer star had informed Paris Saint-Germain that he plans to leave the team on a free transfer when his contract expires this summer. He is widely expected to join Real Madrid, the team he grew up idolizing. PSG did not immediately reply to a request for comment.




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How distressed debt brought a billionaire's satellite empire crashing to earth - FT (No paywall)  
  

Charlie Ergen’s audacious restructuring plan at Dish Network is emblematic of telecoms industry’s troubles


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Scientists grapple with long Covid puzzle as millions fall sick - FT (No paywall)  
  

Fears condition’s range of symptoms and link to chronic diseases will have lasting impact on health systems




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Russia’s space weapon: Is it nuclear and does it pose a threat? - New Scientist (No paywall)  
  

Russia’s space weapon: Is it nuclear and does it pose a threat?
The news broke after Mike Turner, chairman of the US House Intelligence Committee, issued a vague warning about a “serious national security threat” and urged US president Joe Biden to “declassify all information relating to this threat” for the purpose of more public discussions. Since then, news reports have revealed additional details about what the Russian mystery weapon might be. Here is what we know so far.


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Botched I.V.F. Liquid Destroyed Embryos, Lawsuits Claim  
  

Botched I.V.F. Liquid Destroyed Embryos, Lawsuits Claim
The Food and Drug Administration posted a recall notice on Wednesday saying that nearly 1,000 bottles of culture media were affected, about half of which were purchased by clinics in the United States. The filing said that the company had notified affected clinics on Dec. 13, telling them that “performance issues may lead to impaired embryo development” and instructing customers to stop using the product.




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Japan slipped into a technical recession. The Bank of Japan has to juggle supporting the yen and fragile growth  
  

Japan slipped into a technical recession. The Bank of Japan has to juggle supporting the yen and fragile growth
\"So even if Bank of Japan raises interest rates a little bit, BOJ has to say they cannot do ... continuous interest rate hikes because the economy is weak. If they do some normalization, [it would be] just [the] removal of negative interest rates — then it doesn\'t really have much impact on the depreciation of the yen.\"


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As Gaza Death Toll Mounts, the Peace Lobby Fights for Influence in Washington  
  

As Gaza Death Toll Mounts, the Peace Lobby Fights for Influence in Washington
The Friends Committee, which was founded during World War II, is part of what amounts to Washington’s peace lobby. It does not run a political action committee. It reports about $3 million in annual revenue. Its lobbying approach involves looking for “the divine in the people that we’re meeting with,” Sarah Freeman-Woolpert, the Quaker group’s deputy director of strategic advocacy, says in a video.




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Man Wrongfully Imprisoned for 37 Years to Receive $14 Million From City of Tampa  
  

Man Wrongfully Imprisoned for 37 Years to Receive $14 Million From City of Tampa
“I’m just grateful,” Mr. DuBoise said in an interview Thursday, adding that he hoped his case could serve as an example for others who had been wrongfully convicted. He said he hoped that “they get justice and can move on without having to spend the rest of their life fighting the system that has already wronged them.”


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Legal Experts Skeptical of Conflict of Interest Claim in Trump Georgia Case  
  

Legal Experts Skeptical of Conflict of Interest Claim in Trump Georgia Case
Anthony Michael Kreis, an assistant professor of law at Georgia State University, said that the testimony and evidence presented on Thursday fell short of showing a conflict of interest about financial benefits, which he said was the “key issue” that, if proven, would require the Fulton County District Attorney’s Office to be disqualified from the case against Mr. Trump and his allies.




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The brewing secrets behind tastier no-alcohol beer  
  

The brewing secrets behind tastier no-alcohol beer
\"We believe the sector will grow and alcohol free beer brands will use fortification to stretch into the health space, ie added vitamins for a health halo, relaxing ingredients, and added protein and electrolytes for post sports recovery.\"


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Shopping rebounds on supermarkets and January sales  
  

Shopping rebounds on supermarkets and January sales
While the Bank\'s governor Andrew Bailey said he was \"optimistic\" that inflation was heading in the right direction, he said: \"We need to see more evidence that inflation is set to fall all the way to the 2% target, and stay there, before we can lower interest rates.\"




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NatWest unveils highest yearly profit for 26 years  
  

NatWest unveils highest yearly profit for 26 years
Since NatWest, previously known as Royal Bank of Scotland, was bailed out in 2008, the government has been gradually reducing its shareholding in the bank. Shares have so far been sold to institutional investors and back to NatWest itself.


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Chip by Chip, This Ice Cream Flavor Is Melting Away  
  

Chip by Chip, This Ice Cream Flavor Is Melting Away
“Chocolate chip used to be a flavor we produced constantly,” said Christine Crowley, communications specialist for Babcock Dairy Plant, which has 75 years of ice-cream making under its belt, in Madison, Wis. Chocolate chip hasn’t been a staple for a decade, she said: “Now it’s seasonal.”




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Amazon Argues Labor Board Is Unconstitutional  
  

Amazon Argues Labor Board Is Unconstitutional
Noam Scheiber is a Chicago-based reporter who covers workers and the workplace. He spent nearly 15 years at The New Republic, where he covered economic policy and three presidential campaigns. He is the author of “The Escape Artists.” More about Noam Scheiber


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Apple Music Removes, Then Restores, Ye Album Without Explanation  
  

Apple Music Removes, Then Restores, Ye Album Without Explanation
One track, “Good (Don’t Die),” used a portion of Summer’s 1977 song “I Feel Love,” a pulsating classic of early electronic dance music. That track had been removed from Ye’s album on Spotify on Wednesday, according to reports.


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Grover Is Now a Reporter. Journalists Aren’t Optimistic.  
  

Grover Is Now a Reporter. Journalists Aren’t Optimistic.
Others predicted that his career would be short given the dire state of the news industry, which has been hit with unrelenting rounds of layoffs and closures in recent months while also struggling with reader fatigue.


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What Scientists Learned from the Oldest Wild Platypus Ever Found  
  

What Scientists Learned from the Oldest Wild Platypus Ever Found
The age of an adult platypus is difficult to tell. When platypuses are young, changes to their bodies are more noticeable, allowing scientists to estimate the stage of development they are in. Once they mature, they barely change.


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Rishi Sunak Back in Hot Seat After Losses, but His Ouster Is Unlikely  
  

Rishi Sunak Back in Hot Seat After Losses, but His Ouster Is Unlikely
“I wouldn’t completely dismiss the idea that he could be gone by the end of the month, but it seems to me quite unlikely,” Timothy Bale, a professor of politics at Queen Mary, University of London, said of Mr. Sunak. “I think most Tory members of Parliament are still persuaded that would make them look ridiculous.”


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Conservatives Suffer Setback in Parliamentary Elections in Britain  
  

Conservatives Suffer Setback in Parliamentary Elections in Britain
Reform U.K., a small right-wing party, performed better than expected, finishing third in both elections and capturing 13 percent of the vote in Wellingborough, a result that is likely to alarm some Conservative lawmakers. Turnout for both contests was low, at less than 40 percent.


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The Barefoot Memoirist: Ina Garten Takes Her Story to a New Publisher  
  

The Barefoot Memoirist: Ina Garten Takes Her Story to a New Publisher
It’s unusual, though not unheard-of, for a major author to change publishers after a contract is signed. Typically such breakups happen when a writer and publisher have irreconcilable creative differences, or sometimes when an author gets poached with a more enticing advance from a rival company. Authors usually return their advance to sever a contract.


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Opinion | The Cure for What Ails Our Democracy  
  

Opinion | The Cure for What Ails Our Democracy
Sure, there are some occasions when the struggle really is good versus evil: World War II, the civil rights movement, the Civil War. As Lincoln argued, if slavery is not wrong then nothing is wrong. But these occasions are rarer than we might think.


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Opinion | The Meaning of the Super Bowl ‘He Gets Us’ Ad  
  

Opinion | The Meaning of the Super Bowl ‘He Gets Us’ Ad
The criticism kept rolling in, and much of it was not gentle. A Christian writer named Samuel Sey highlighted the segment of the ad that depicts foot washing outside an abortion clinic. The “Christlike thing to do at an abortion center isn’t to wash an abortion-minded girl’s feet while ignoring their murderous intentions,” Sey wrote. “The Christlike thing to do is to call them to repentance.”


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NatWest profit jumps 20% as Thwaite confirmed as CEO  
  

NatWest profit jumps 20% as Thwaite confirmed as CEO
NatWest\'s profit was its biggest since that rescue, as higher central bank interest rates continued to lift lending revenue. But a greater risk of cash-strapped borrowers defaulting on loans and margin pressure from fiercer competition for savings and mortgage products are eating into margins.


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The Eastern & Oriental luxury train restarted this week — here's what a trip costs   
  

The Eastern & Oriental luxury train restarted this week — here's what a trip costs
Accor\'s \"Orient Express La Dolce Vita\" trains, which are set to start operating in 2024, are priced at €2,500 euros ($2,686) per person per night for a deluxe cabin, according to a press release. Travelers can pre-register for trips that mostly operate in Italy, according to its website.


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Death toll rises to seven in Malawi elephant relocation project linked to Prince Harry  
  

Death toll rises to seven in Malawi elephant relocation project linked to Prince Harry
African Parks, whose involvement with the translocation ended last year, did not publicly comment. It had previously published a lengthy response to media coverage in 2022. The prince was not involved in this translocation with African Parks.


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Taylor Swift Melbourne concert live updates: pop star takes the stage for biggest Eras tour show yet  
  

Taylor Swift Melbourne concert live updates: pop star takes the stage for biggest Eras tour show yet
This article includes content provided by TikTok. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. To view this content, click \'Allow and continue\'.


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Taylor Swift concerts will go ahead in Sydney despite asbestos testing at Olympic Park precinct  
  

Taylor Swift concerts will go ahead in Sydney despite asbestos testing at Olympic Park precinct
The testing at Olympic Park comes after the state’s asbestos controversy reached new heights, with numerous parks closed off due to mulch fears. Concerns for mulch at Victoria Park forced organisers to cancel the Mardi Gras fair day.


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Lisa Wilkinson told Ten boss she worried about losing Sydney home if network didn't cover her legal fees  
  

Lisa Wilkinson told Ten boss she worried about losing Sydney home if network didn't cover her legal fees
"We would also require Lisa to be guaranteed major world-event postings for The Project covering things as next year's coronation of King Charles. As you have mentioned, Lisa shines on the road."


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War crimes reports rife with 'speculation', Ben Roberts-Smith's lawyer tells court  
  

War crimes reports rife with 'speculation', Ben Roberts-Smith's lawyer tells court
In general, the court was told the judgment dismissing the ex-soldier's case failed to examine the evidence as carefully as was required given the seriousness of the allegations brought against Roberts-Smith.


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Europe live: leaders gather for Munich Security Conference  
  

Europe live: leaders gather for Munich Security Conference
Many officials have already arrived – on a flight from Brussels to Munich last night, we spotted several senior officials headed to the conference, including the EU’s foreign policy chief, Josep Borrell.


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Middle East crisis live: Egypt 'setting up contingency area' in case of Rafah exodus  
  

Middle East crisis live: Egypt 'setting up contingency area' in case of Rafah exodus
The 22 Arab countries at the UN are urging the security council to demand an immediate ceasefire in Gaza and unhindered humanitarian assistance, and to prevent any transfer of Palestinians out of the territory. The Arab Group chair this month, Tunisia's UN ambassador Tarek Ladeb, told UN reporters on Wednesday that about 1.5 million Palestinians who sought safety in Gaza's southern city of Rafah face a "catastrophic scenario" if Israeli prime minister Benjamin Netanyahu goes ahead with a potential evacuation of civilians and military offensive in the area bordering Egypt.


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How Gaza's 'safe' city Rafah came to be on the precipice of catastrophe - visualised  
  

How Gaza's 'safe' city Rafah came to be on the precipice of catastrophe - visualised
On Thursday, Australia, Canada and New Zealand warned Israel "not to go down this path", issuing a joint statement saying "an expanded military operation would be devastating" as "there is simply nowhere else for civilians to go".


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Pressure builds on Israel to ditch Rafah offensive as ministers gather in Munich  
  

Pressure builds on Israel to ditch Rafah offensive as ministers gather in Munich
He added that peace was dependent on recognition of Palestinian statehood secured through full UN membership, and that an international peace conference would be needed to provide guarantees and a timeline detailing the end of Israel’s occupation.


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UK politics live: Labour's double byelection win shows public 'wants change', says Starmer  
  

UK politics live: Labour's double byelection win shows public 'wants change', says Starmer
If I were him, I wouldn't be happy. They also ran a very nasty, negative campaign. We ran a campaign based on Damien's plan and what he wanted to get done for Kingswood and what he wanted to campaign for. Undoubtedly the biggest thing of all is the Rishi recession because you didn't need to have it announced on the news - people felt it in their pocket."


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Starmer says 'fantastic' byelection wins show Labour is trusted to deliver change  
  

Starmer says 'fantastic' byelection wins show Labour is trusted to deliver change
John Curtice, a professor of politics at Strathclyde University, said: "[Reform's result] makes life even more difficult for the Conservatives than it was already … The competition for lost, discontented Conservative voters has just got that much more intense."


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Retail sales in Great Britain rebound strongly after Christmas slump  
  

Retail sales in Great Britain rebound strongly after Christmas slump
“Sales increased across nearly all retail sectors, and it was a particularly strong month for supermarkets,” said Heather Bovill, a deputy director at the ONS. “Household goods stores, sports shops and department store retailers were among those reporting robust trading due to January sales promotions. A fall in prices at the pump also meant a solid month for fuel sales.”


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Labour can celebrate byelection wins, but low turnout is cause for concern  
  

Labour can celebrate byelection wins, but low turnout is cause for concern
Labour’s concern, however, is one identified by Starmer at the beginning of the year: that voters are not really moving their way but are instead so disillusioned with politics that they are staying at home. “The message on the doorstep was the same everywhere I went,” said one Labour activist. “Voters hate all of us.”


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NatWest reports biggest annual profit since 2007 financial crisis  
  

NatWest reports biggest annual profit since 2007 financial crisis
Thwaite said in a statement: “This year we are focused on the things we can control; delivering profitable growth, becoming more efficient, more productive, and simpler to deal with, while managing our cost and capital efficiently. Together, these actions will drive long-term, sustainable value for our customers, shareholders, and the wider UK economy.”


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New Beyoncé song Texas Hold 'Em gets country music radio airplay after online campaign  
  

New Beyoncé song Texas Hold 'Em gets country music radio airplay after online campaign
She later played the song at the Country Music Association awards with the Dixie Chicks in a surprise performance that sparked a fresh round of discourse around country music's politics and ambiguous classifications.


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Billionaire investor Stanley Druckenmiller dumped Alphabet and Amazon last quarter and piled further into AI winners Nvidia and Microsoft  
  

Billionaire investor Stanley Druckenmiller dumped Alphabet and Amazon last quarter and piled further into AI winners Nvidia and Microsoft
Duquesne\'s focus on Nvidia and Microsoft is at least a year in the making, after the office snapped up a collective $430 million in both companies in early 2023. Bullishness on Microsoft also stems from its AI initiatives, with the firm implementing the technology in its cloud and software services. Its latest earnings report saw revenue surpass expectations, and its shares have already climbed over 8% this year.




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