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TradeBriefs Editorial

From the Editor's Desk

The hidden evolutionary advantages of the teenage brain - New Scientist (No paywall)

TEENAGERS, eh, what are they like? They have a reputation for being difficult, reckless and self-absorbed, but surely these negative stereotypes can’t be the whole story. Most other animals fly the nest soon after puberty, and none, including our closest primate relatives, has the prolonged adolescence that we do. Why would humans have evolved this peculiar life stage? A closer look at the teenage brain suggests it brings a hidden evolutionary advantage.

The past two decades of research has emphasised that the cerebral cortex, the brain region central to higher processing and cognitive control, continues to develop until our early to mid-20s. By contrast, regions that are sensitive to rewards – including an area called the ventral striatum – are firing on all cylinders by our mid-teens. This has bolstered the narrative that the adolescent brain is noisy and imbalanced, with its overactive reward system causing erratic, sub-optimal decision-making. Early assessments of adolescent cognitive performance seemed to support this. “Sometimes adolescents would do a task well and other times they would not. It was messy,” says Eveline Crone at Leiden University in the Netherlands. However, more recent studies have found that adolescents can be extraordinarily capable – they just need the right kind of task to showcase their skills.

Continued here


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Leak: Amazon retail CEO tells employees about his 'AI show and tell' and warns of companies that 'failed to adapt' to big technology shifts - Business Insider (No paywall)  
  

Leak: Amazon retail CEO tells employees about his 'AI show and tell' and warns of companies that 'failed to adapt' to big technology shifts
Amazon’s retail chief Doug Herrington has been hosting an “AI show and tell” in his office for the past year in an attempt to stay up-to-date on artificial intelligence and the related projects the company is working on.






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Citi raises CEO Jane Fraser's pay to $26mn citing streamlining of strategy - FT (No paywall)  
  

Salary and bonus rise a combined 6% despite 40% decline in profits at bank in 2023


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Bad property debt exceeds reserves at largest US banks - FT (No paywall)  
  

Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market




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Donald Trump's donor numbers fall by 200,000 compared with 2019 - FT (No paywall)  
  

Drop sparks Republican concerns about depth of enthusiasm for party’s 2024 presidential frontrunner


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How Kharkiv's tech start-ups became the ultimate test of business resilience - FT (No paywall)  
  

Ukraine’s entrepreneurs and engineers show how to keep going during extreme disruption




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Student financial aid commitments are coming so late this year that grads are putting off their college decisions - Fortune (No paywall)  
  

Student financial aid commitments are coming so late this year that grads are putting off their college decisions
For many students, the excitement of being accepted into their first-choice college is being tempered this year by a troublesome uncertainty over whether they’ll get the financial aid they need to attend.


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Why the Airbus A380 superjumbo jet is making an unlikely comeback  
  

Why the Airbus A380 superjumbo jet is making an unlikely comeback
The Airbus A380 made its first commercial flight in 2007. When it debuted, it overtook the long-reigning Boeing 747 as the world's biggest passenger plane. It has four engines and is a full double-decker that can carry more than 800 people depending on an airline's cabin layout.The plane's large number of seats was seen as key in helping to reduce the overcrowding of air traffic at several big airports, such as London's Heathrow Airport, New York's John F. Kennedy International Airport and Chicago's O'Hare International Airport.




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Organized crime has come for Home Depot--$100,000 of goods was stolen from Florida stores as self-checkout theft continues rattling retailers - Fortune (No paywall)  
  

Organized crime has come for Home Depot--$100,000 of goods was stolen from Florida stores as self-checkout theft continues rattling retailers
Three people in Florida have been charged with grand theft for allegedly stealing over $100,000 worth of goods from Home Depot stores across the state, Florida Attorney General Ashley Moody’s Office announced on Monday. As part of a “fraudulent bar-code-switching scheme,” the investigation claimed, suspects Vicky Popat, Christopher Abad, and Christopher Eduardo Baglin allegedly worked together to replace the bar codes of more expensive items with those on cheap products.


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Haley attracts Biden donors as she tries to chase down Trump  
  

Haley attracts Biden donors as she tries to chase down Trump
Former U.N. Ambassador Nikki Haley is attracting thousands of donations from people who gave to President Joe Biden’s 2020 campaign as she tries to cobble together a coalition of anti-Trump voters.




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Exit values plunge as founders, investors dig in for another tough year  
  

Exit values plunge as founders, investors dig in for another tough year
The average exit for startups in 2023 clocked in at €23m, 28.7% lower than in 2022. Those that did occur were driven by acquisitions rather than public listings, the total value of which was  €1.4 billion in 2023, the lowest in 10 years and 90.2% lower than a year earlier. 


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Walmart's $2.3 billion Vizio acquisition is very much about Amazon envy - Fortune (No paywall)  
  

Walmart's $2.3 billion Vizio acquisition is very much about Amazon envy
Walmart plans to acquire TV maker Vizio for $2.3 billion, in a deal that has little to do with the business of selling TVs. That’s perhaps a weird thing to say about the purchase of a TV maker that has long been a top TV seller at Walmart.




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Biden's New Student Loan Forgiveness Plan Offers 17 Paths To Relief - Forbes (No paywall)  
  

Biden's New Student Loan Forgiveness Plan Offers 17 Paths To Relief
WASHINGTON, DC - FEBRUARY 16: U.S. President Joe Biden delivers remarks from the Roosevelt Room of ... [+] the White House on February 16, 2024 in Washington, DC. The Biden administration announced new details on a proposed student loan forgiveness plan last week. (Photo by Anna Moneymaker/Getty Images)


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New genetic therapy can reverse effects of fatal neurological disorders, reveal scientists - News Healthcare | The Financial Express  
  

New genetic therapy can reverse effects of fatal neurological disorders, reveal scientists - News Healthcare | The Financial Express
Macquarie University neuroscientists have developed a single-dose genetic medicine that has been proven to halt the progression of both motor neurone disease (MND) and frontotemporal dementia (FTD) in mice.




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ChatGPT can tailor political ads to match users' personalities - New Scientist (No paywall)  
  

ChatGPT can tailor political ads to match users' personalities
Microtargeting – the use of online data to tailor messaging to individuals – has been used to powerful effect in past elections and became the focus of a 2018 scandal when journalists exposed the work of political consultancy firm Cambridge Analytica in the US and other countries.


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Switching to electric vehicles would be fantastic for kids' health  
  

Switching to electric vehicles would be fantastic for kids' health
By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State.




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Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more  
  

Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more
The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who need to take new loans — first-time homebuyers, for example. Other dynamics, such as the use of contracts in business, can slow the ripple of Fed decisions through an economy.


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Why American CEOs quit in record numbers during 2023  
  

Why American CEOs quit in record numbers during 2023
American CEOs are leaving their posts in record numbers in 2023.While the "Great Resignation" may be over, it's just beginning for CEOs, according to research by Challenger, Gray and Christmas. The firm found that more than 1,500 CEOs have left their posts so far in 2023, marking the highest number of departures since Challenger began tracking the data in 2002."There are at least four reasons why we've seen an uptick in CEO turnover over the past few months," said Alexander Kirss, senior principal of research at Gartner. "Those would be delayed CEO retirement, CEO burnout, concerns about CEO underperformance. And then finally, high-performing CEOs who are taking this opportunity to level up to a more attractive opportunity."During times of unforeseen volatility such as the Covid-19 pandemic, companies typically keep their CEOs to help navigate through those times. However, when the economic environment normalizes, the board of directors' appetite for risks returns. The search for new leadership begins from there.For CEOs, the stress from heading a company during the pandemic is now exacerbated by headwinds from rising geopolitical tensions, lingering inflation and the possibility of a recession. These trends not only affect CEOs, but they can also lead to cost cutting, hiring freezes and layoffs — all of which affect employees at every level.


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Protesting Biden, Gaza Supporters Warn, ‘Don’t Blame Us’ if You Lose  
  

Protesting Biden, Gaza Supporters Warn, ‘Don’t Blame Us’ if You Lose
“Don’t blame us,” said Mr. Levin, who along with Representative Rashida Tlaib of Michigan has become one of the most prominent supporters of the Uncommitted movement. “He needs votes from Arab Americans, from people of color, from progressive Jews and from young people. He only won Michigan by 150,000 votes in 2020, so politically we have a moment where we can raise our voices.”


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The Two-Decade Fight for Two Letters on the Internet  
  

The Two-Decade Fight for Two Letters on the Internet
Niue canceled the deal with Mr. Semich in 2000 and has been attempting to reclaim .nu — which is now operated by the Swedish Internet Foundation, a nonprofit — ever since. It is seeking about $30 million in damages from the foundation, an amount that could be transformative for a tiny island that was recognized by the United States as a sovereign state only in 2022. The dispute has landed in the Swedish courts, and a judge in Stockholm began hearing Niue’s arguments last week. A ruling is expected in the coming days.


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Opinion | Trump’s G.O.P. Is a Confederacy of Fakers  
  

Opinion | Trump’s G.O.P. Is a Confederacy of Fakers
The possibilities are endless, because Trump’s G.O.P. has become bottomless. It now manifests an infinite willingness to engage in any form of crow eating, bootlicking, backtracking and backstabbing to stay in his good graces, no matter how crackpot, selfish or un-American his demand. Trump decides to just dump Ukraine? Bye-bye, Zelensky. Trump decides to toss aside months of bipartisan work to forge a grand bargain on immigration reform? Gone — no questions asked!


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Immigration minister Andrew Giles accuses Coalition of fearmongering over 2,000 visas issued to Palestinians  
  

Immigration minister Andrew Giles accuses Coalition of fearmongering over 2,000 visas issued to Palestinians
“I would emphasise, and I’ve seen the opposition out making certain assertions, I would emphasise very clearly that the usual security checks, the usual identity checks, the usual character checks, were undertaken on this cohort as they are in relation to all cohorts.”


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Trump compares his legal troubles to the persecution of Alexei Navalny  
  

Trump compares his legal troubles to the persecution of Alexei Navalny
Biden on Tuesday issued a blistering critique of Trump’s post on Navalny’s death, saying, “Why does Trump always blame America? Putin is responsible for Navalny’s death. Why can’t Trump just say that?”


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Biden Fund-Raising Outpaces Trump, Whose Legal Bills Are Weighing Him Down  
  

Biden Fund-Raising Outpaces Trump, Whose Legal Bills Are Weighing Him Down
Mr. Biden, the incumbent, is already raising money alongside the Democratic National Committee, a party juggernaut that can build out a field operation for his re-election bid. On Tuesday, his team reported raising a combined $42 million in January across the committees backing his re-election effort, with a combined total of $130 million on hand at the end of January.


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Government finances show big surplus in January  
  

Government finances show big surplus in January
\"Juicy tax cuts in this election year are sandwiched between far bigger tax rises already introduced last year. And highly unusually the government has already announced plans for a chunky package of tax rises that will come into effect after polling day,\" said James Smith, research director at the Resolution Foundation.


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Amazon founder Jeff Bezos completes $8.5bn share sale plan  
  

Amazon founder Jeff Bezos completes $8.5bn share sale plan
Mr Bezos said in November that his parents had recently moved back to Miami where he spent some of his childhood and that he wanted to be close to them and to his Blue Origin space project, which was \"increasingly shifting to Cape Canaveral\".


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Nature Has Value. Could We Literally Invest in It?  
  

Nature Has Value. Could We Literally Invest in It?
That doesn’t mean natural asset companies are going away; their proponents are working on prototypes in the private markets to build out the model. And even if this concept doesn’t take off, it’s part of a larger movement motivated by the belief that if natural riches are to be preserved, they must have a price.


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It’s Never Too Late to Be a Style Influencer  
  

It’s Never Too Late to Be a Style Influencer
“I dressed in a way that people didn’t expect. I was very avant-garde, dressing in a minimalistic, black and white look. I wore Japanese designers from consignment shops — like Issey Miyake and Yohji Yamamoto,” she explained. “I dressed in a way I felt, and to convey an identity.”


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Alabama Rules Frozen Embryos Are Children, Raising Questions About Fertility Care  
  

Alabama Rules Frozen Embryos Are Children, Raising Questions About Fertility Care
Referencing antiabortion language in the state constitution, the judges’ majority opinion said that an 1872 statute allowing parents to sue over the wrongful death of a minor child applies to unborn children, with no exception for “extrauterine children.”


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Where Hostage Families and Supporters Gather, for Solace and Protest  
  

Where Hostage Families and Supporters Gather, for Solace and Protest
So the mass moved a block north to the plaza in front of the Tel Aviv Museum of Art, where a long rectangular table set for 234 people and surrounded by empty chairs had been installed to represent the captives. Since some 110 hostages have come home, half of the table has been reset to correspond to the conditions of captivity they described, with half a moldy piece of pita bread on each plate and bottles of dirty water on the table instead of wineglasses.


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U.S. Vetoes Security Council Cease-Fire Resolution  
  

U.S. Vetoes Security Council Cease-Fire Resolution
The diplomatic maneuvering comes at a time when aid organizations are warning that urgent assistance is needed for a population suffering from severe malnutrition and the spread of infectious disease.


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Opinion | How Biden Can Avenge Navalny’s Death  
  

Opinion | How Biden Can Avenge Navalny’s Death
Recognition: “Do not recognize Putin as the president of Russia after March 17 — that simple,” Garry Kasparov, the legendary chess and human-rights champion, told me by phone from Berlin. “Do not recognize the regime as legitimate.”


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Small Businesses Sound Alarm Over Weakening German Economy  
  

Small Businesses Sound Alarm Over Weakening German Economy
The country’s minister for the economy, Robert Habeck, called the state of the economy “dramatically bad” last week. On Wednesday, he will present the government’s economic report for 2024, which includes projections of just 0.2 percent annual growth, scaled back from the 1.3 percent expansion forecast issued last year.


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Beatles Get a Biopic. A Fab Four of Them, Actually.  
  

Beatles Get a Biopic. A Fab Four of Them, Actually.
The Beatles have shown strength with movie audiences since they starred in “A Hard Day’s Night” in 1964, playing versions of themselves. Their fans continue to show an appetite for expansive projects: Peter Jackson’s documentary series “The Beatles: Get Back,” an over-seven-hour project, was released to much acclaim in 2021 on Disney+.


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UK posts record budget surplus in January  
  

UK posts record budget surplus in January
\"With public services under strain, pressures to offset some of the record-breaking tax rise seen since 2019, and the need for a credible plan to get debt on a falling path the Chancellor\'s forthcoming Budget will not be an easy one to navigate.\"


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Turkey is back in from the cold with NATO and F-16 moves, but thorny issues remain  
  

Turkey is back in from the cold with NATO and F-16 moves, but thorny issues remain
\"The dynamic nature of geopolitics in the regions means that while some disputes may be temporarily resolved or de-escalated, they can re-emerge as significant challenges to alliance cohesion and cooperation.\"


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Africa's largest economy is battling a currency crisis and soaring inflation  
  

Africa's largest economy is battling a currency crisis and soaring inflation
\"We expect a combined 200 bps in rate hikes at the next two MPC meetings, scheduled for end-February and end-March this year; however, we think that more hikes are needed to stem rising inflation,\" Scribante added.


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Shares of supplier TSMC, chip equipment maker ASML fall ahead of Nvidia's earnings report  
  

Shares of supplier TSMC, chip equipment maker ASML fall ahead of Nvidia's earnings report
\"With the stock up over 50% [year-to-date] already, we aren\'t looking for an immediate strong reaction to positive results, but we don\'t expect a selloff either. Our investor conversations are mostly with clients constructive on the stock but worried about near term expectations being too high, which usually creates a benign setup,\" said Morgan Stanley analysts.


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Lab tests v the real world: how does the fuel consumption of Australian SUVs compare?  
  

Lab tests v the real world: how does the fuel consumption of Australian SUVs compare?
Unlike its hybrid sibling, the Rav4 returned a greater discrepancy between real-world and mandated lab test results. The 2L four-cylinder SUV used 13% more fuel and emitted 13% more CO2 than it showed in the lab.


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Family of young Indigenous woman who took her own life in Melbourne hospital call for investigation  
  

Family of young Indigenous woman who took her own life in Melbourne hospital call for investigation
For information and support in Australia call 13YARN on 13 92 76 for a crisis support line for Indigenous Australians; or call Lifeline on 13 11 14, Mensline on 1300 789 978 and Beyond Blue on 1300 22 4636. International helplines can be found at befrienders.org


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Tax commissioner says Albanese government could wipe $15bn in robotax debts  
  

Tax commissioner says Albanese government could wipe $15bn in robotax debts
“The ATO has paused all action in relation to debts placed on hold prior to 2017 whilst we review and develop a pragmatic and sensible way forward that takes into account concerns raised by the community,” the spokesperson said.


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Russia-Ukraine war: Russia's top general visits troops after capture of Avdiivka  
  

Russia-Ukraine war: Russia's top general visits troops after capture of Avdiivka
Russia's FSB security services said it had arrested a US-Russian woman suspected of treason for raising funds for the Ukrainian army. The FSB in the central Urals city of Ekaterinburg said the 33-year-old woman was a resident of Los Angeles with dual citizenship. A Russian legal NGO said the woman, named by Russian media as Ksenia Khavana, may stand accused of transferring $51 (£40) to a Ukrainian charity.


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Barely 10% of Europeans believe Ukraine can still defeat Russia, finds poll  
  

Barely 10% of Europeans believe Ukraine can still defeat Russia, finds poll
A Russian victory “is not peace”, said Krastev, who is chair of the Sofia-based Centre for Liberal Strategies thinktank. “If the price of ending the war is turning Ukraine into a no man’s land, this will be a defeat not only for Kyiv but for Europe and its security.”


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Floating spiders and insect-eating plants: leaky dams revive Dorset's bogs  
  

Floating spiders and insect-eating plants: leaky dams revive Dorset's bogs
The project is supported by Natural England's nature for climate peatland grant scheme, which contributes more than £50m to peatland restoration projects across the country. The UK government says 87% of England's peatlands are degraded, damaged and dried-out.


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Labour's Gaza amendment is chance to 'speak with one voice', says Nandy  
  

Labour's Gaza amendment is chance to 'speak with one voice', says Nandy
She said: "We are hopeful we will have the chance to put our proposition before the house and we believe that it offers the house a chance to speak with one clear voice alongside our five eyes partners and the international community."


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Jeremy Hunt handed tax boost as UK posts record monthly budget surplus  
  

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus
“But we can’t leave future generations to pick up the tab, which is why we have taken tough decisions to help reduce borrowing versus what the OBR expected in March. While we will not speculate over whether further reductions in tax will be affordable in the budget, the economy is beginning to turn a corner, with inflation down from over 11% to 4%.”


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Labour seeks Trident assurances after reports of missile test failure  
  

Labour seeks Trident assurances after reports of missile test failure
The V-class is due to be replaced by the bigger Dreadnought-class submarines in the 2030s. Between £31bn and £41bn has been set aside for the wider programme of replacing the Vanguard-class submarines, according to figures from the House of Commons library.




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