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TradeBriefs Editorial

From the Editor's Desk

How to Make Great Decisions, Quickly - Harvard Business Review (No paywall)

As a new leader, learning to make good decisions without hesitation and procrastination is a capability that can set you apart from your peers. While others vacillate on tricky choices, your team could be hitting deadlines and producing the type of results that deliver true value. That’s something that will get you — and them — noticed. Here are a few of a great decision: Great decisions are shaped by consideration of many different viewpoints. This doesn’t mean you should seek out everyone’s opinion. The right people with the relevant expertise need to clearly articulate their views to help you broaden your perspective and make the best choice. Great decisions are made as close as possible to the action. Remember that the most powerful people at your company are rarely on the ground doing the hands-on work. Seek input and guidance from team members who are closest to the action. Great decisions address the root cause, not just the symptoms. Although you may need to urgently address the symptoms, once this is done you should always develop a plan to fix the root cause, or else the problem is likely to repeat itself. Great decisions balance short-term and long-term value. Finding the right balance between short-term and long-term risks and considerations is key to unlocking true value. Great decisions are timely. If you consider all of the elements listed above, then it’s simply a matter of addressing each one with a heightened sense of urgency.

Continued here


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OpenAI and Meta ready new AI models capable of 'reasoning' - FT (No paywall)  
  

OpenAI and Meta ready new AI models capable of 'reasoning'
Upgrades are part of a wave of new large language models being released this year


Editor's Note: LeCun said it was working on AI "agents" that could, for instance, plan and book each step of a journey, from someone's office in Paris to another in New York, including getting to the airport.

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All aboard the Nvidia 'rocket ship': Executives are raking in company stock awards despite missing out on their bonuses for 2023 - Fortune (No paywall)  
  

All aboard the Nvidia 'rocket ship': Executives are raking in company stock awards despite missing out on their bonuses for 2023
Only Nvidia, the suddenly indispensable $2 trillion AI giant, could turn a missing C-suite bonus into a total nonissue. The dominant maker of semiconductor chips missed hitting financial goals in fiscal 2023 related to revenue and non-GAAP operating income, and executives didn’t make two key payout thresholds as a result, as corporate disclosures show the company paid zero cash bonuses in fiscal 2023 to its top team and certain performance-based equity awards failed to vest. However, the structure of the company’s equity program and its blockbuster performance have largely inoculated it from major talent defection.


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The reality of spending $500 billion to build a city in the desert is starting to hit home for Saudi officials - Business Insider (No paywall)  
  

The reality of spending $500 billion to build a city in the desert is starting to hit home for Saudi officials
The Bloomberg report said the realities of the trillion-dollar investments in Saudi Crown Prince Mohammed bin Salman's Vision 2030 project, of which Neom is the centerpiece, were starting to cause alarm at the highest level of the country's government.


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South Korea: Is this K-drama? No, it's election night  
  

South Korea: Is this K-drama? No, it's election night
TV networks roll out animation sequences inspired by pop culture to vie for viewership on election night.


Editor's Note: SBS grabbed the highest ratings among viewers 20 to 49 in the Seoul metropolitan area during the exit polls for the 2022 presidential race - with its animated shorts featuring Mr Yoon and his rival Lee Jae-myung as athletes in the Winter Olympics.

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How 2,000 elderly Swiss women won a landmark climate case  
  

How 2,000 elderly Swiss women won a landmark climate case
KlimaSeniorinnen Schweiz, a group of women climate activists all over the age of 64, initially brought the case against Switzerland in November 2016. After eight years of litigation, Tuesday’s ruling establishes a pathway for European citizens and civil society groups to successfully sue their countries for better climate policy.


Editor's Note: "We are aware that older men, people with diseases as well as small children also suffer from heat waves and other climate effects," the group wrote on its website. "By focusing on the proven particular susceptibility of us older women we are simply enhancing our lawsuit's chances of success which is ultimately good for everyone."

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Intel unveils latest AI chip as Nvidia competition heats up   
  

Intel unveils latest AI chip as Nvidia competition heats up
Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning OpenAI's ChatGPT.














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Philips, maker of millions of defective sleep apnea machines, ordered to overhaul manufacturing  
  

Philips, maker of millions of defective sleep apnea machines, ordered to overhaul manufacturing
WASHINGTON — The company responsible for a global recall of sleep apnea machines will be barred from resuming production at U.S. facilities until it meets a number of safety requirements, under a long-awaited settlement announced Tuesday by federal officials.


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Pfizer's plot to win the RSV vaccine race  
  

Pfizer's plot to win the RSV vaccine race
The closely watched XBI biotech index closed at $90.40 yesterday, just 17 cents higher than back on Jan. 2. The XBI rose by as much as 14% back in February, driven by a series of acquisitions and a prevailing sense that more were in the cards. When those deals didn’t materialize, biotech gradually declined through March. Now, at the outset of the second quarter, it has entirely flattened.


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Uber's largest vehicle financing partner is an African startup with global ambitions  
  

Uber's largest vehicle financing partner is an African startup with global ambitions
Industry experts believe Moove will be able to earn better margins in its new markets, but it will need to navigate one major challenge that has haunted its Africa business: pushback from gig drivers.


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HSBC agrees to sell off its Argentina business  
  

HSBC agrees to sell off its Argentina business
\"Furthermore, given its size, it also generates substantial earnings volatility for the group when its results are translated into US dollars. Galicia is better placed to invest in and grow the business.\"


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Insurers Reap Hidden Fees by Slashing Payments. You May Get the Bill.  
  

Insurers Reap Hidden Fees by Slashing Payments. You May Get the Bill.
Itemized payments and fees for thousands of claims were made public in a lawsuit against Cigna after The Times petitioned the court. The insurer and MultiPlan opposed the release, calling the data “highly confidential.”


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Proxima Fusion raises $21M to build on its 'stellarator' approach to nuclear fusion | TechCrunch  
  

Proxima Fusion raises $21M to build on its 'stellarator' approach to nuclear fusion | TechCrunch
Venture capitalists’ appetite for fusion startups has been up and down in the last few years. For instance, the Fusion Industry Association found that while nuclear fusion companies had attracted over $6 billion in investment in 2023, $1.4 billion more than in 2022, the 27% growth proved slower than in 2022, as investors battled external fears such as inflation.


Editor's Note: Sciortino, who completed his PhD at MIT on tokamak nuclear projects, said Proxima will leverage what has been learned from the W7-X device, which has had more than 1 billion Euros in public investment. He added the projected timeline to get to fusion energy is by the mid-2030s. "We're looking at, give or take, 15 years. Building an intermediate device in Munich most likely by 2031 is our objective. If we manage to get to that then the middle of the 2030s is possible."

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Venezuela's ex-oil minister charged with stealing millions from state oil company  
  

Venezuela's ex-oil minister charged with stealing millions from state oil company
The US lifted oil sanctions on Venezuela last year to encourage Maduro to hold free and fair elections, but the strongman has shown little interest in a fair contest and has barred popular opposition candidates.


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Catholics' fury as Italian TV ad depicts nuns eating crisps for communion  
  

Catholics' fury as Italian TV ad depicts nuns eating crisps for communion
The ad was also criticised by the Catholic newspaper, Avvenire, which opened an editorial with "Christ has been reduced to a potato chip. Debased and vilified like two thousand years ago."


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Thousands of children unsure of gender identity 'let down by NHS', report finds  
  

Thousands of children unsure of gender identity 'let down by NHS', report finds
"We acted swiftly on Dr Cass's interim report to make changes in schools and our NHS, providing comprehensive guidance for schools and stopping the routine use of puberty blockers, and we will continue to ensure we take the right steps to protect young people."


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Lower-income US women more likely to miss key breast cancer test, study finds  
  

Lower-income US women more likely to miss key breast cancer test, study finds
Researchers said if the US hopes to reduce the burden of breast cancer deaths, it needs to ensure women are connected to social services – including reliable transportation, low-cost mammograms through local health departments and healthcare even when they do not have health insurance.


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Costco's gold bars earn company up to $200 million monthly, analysts say  
  

Costco's gold bars earn company up to $200 million monthly, analysts say
Also for sale are coins with a maple leaf on the front and a silhouette of King Charles III on the back, which may be available for less at your local warehouse. Costco members can buy a total of five tubes of coins.


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Pushback Coming From Surprising Places After Revelation That Investors Bought 25% Of America's Affordable Housing Stock In 4th Quarter  
  

Pushback Coming From Surprising Places After Revelation That Investors Bought 25% Of America's Affordable Housing Stock In 4th Quarter
Abbott is an arch-conservative, and Texas has one of the nation\'s hottest housing markets, largely because of the affordability of homes in the Lone Star State. When a call for legislative action, however vague, comes from a conservative of his stature, it becomes a lot more likely that significant action will be taken. If you\'re on the buyers\' side of this issue, now would be an opportune moment to remember that \"the squeaky wheel gets the grease\" and make your voice heard.


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How Argentina learned to love the US dollar  
  

How Argentina learned to love the US dollar
Stuffing your greenbacks into the "mattress bank" is a way of life for many Argentines.


Editor's Note: But like it or not, the dollar already plays such a big part in their economy that to some, the idea feels like a foregone conclusion.

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Judge Blocks Trump’s Lawyers From Naming Witnesses in Documents Case  
  

Judge Blocks Trump’s Lawyers From Naming Witnesses in Documents Case
The fight over the witnesses began in earnest in early February when Mr. Smith’s prosecutors asked Judge Cannon to reconsider a decision she had made allowing Mr. Trump to publicly name about 24 witnesses in court papers they had filed asking the government for additional discovery information.


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Ex-Assistant Principal at School Where 6-Year-Old Shot Teacher Is Indicted  
  

Ex-Assistant Principal at School Where 6-Year-Old Shot Teacher Is Indicted
The former assistant principal, who resigned after the shooting at Richneck Elementary School in Newport News, Va., is among several school employees listed as defendants in a lawsuit filed last year by the teacher, Abigail Zwerner, who was seriously injured on Jan. 6, 2023, when the boy pulled out the gun during the middle of an afternoon class, aimed it at her and fired. A single bullet passed through Ms. Zwerner’s hand and struck her chest.


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Former Trump Fund-Raiser Drops Suits Over Hack of Emails  
  

Former Trump Fund-Raiser Drops Suits Over Hack of Emails
One of the lawsuits was against Kevin Chalker, a former C.I.A. officer who owns a New York-based technology security firm. Mr. Broidy had alleged that Mr. Chalker and his firm, Global Risk Advisors, orchestrated the email hack on behalf of the Qataris.


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Rev. Cecil Murray, Leader Amid Los Angeles Riots, Dies at 94  
  

Rev. Cecil Murray, Leader Amid Los Angeles Riots, Dies at 94
The church was among the most prominent in the city’s Black community, and Mr. Murray was among its most respected religious leaders. Tom Bradley, the city’s first Black mayor, was a member. Presidents, governors and world leaders visited the church, and Mr. Murray led the funeral services for Black celebrities like Mr. Bradley, Ray Charles and Eazy-E.


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Bill in Congress Would Force Action on U.S. Troops’ Blast Exposure  
  

Bill in Congress Would Force Action on U.S. Troops’ Blast Exposure
The bill would also force the military to change how it designs new weapons. A number of heavy weapons now in wide use produce shock waves far more powerful than are considered safe under current military guidelines. The bill would require the military to modify some existing weapons to reduce the strength of their blasts, and take into account, for the first time, the need to minimize brain-damaging blast waves when acquiring new weapons.


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More Funding Needed to Prosecute Pandemic Fraud, Justice Dept. Says  
  

More Funding Needed to Prosecute Pandemic Fraud, Justice Dept. Says
The Government Accountability Office said that as much as $135 billion of the roughly $900 billion in unemployment benefits distributed between April 2020 and May 2023 were likely illegally claimed.


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Biden Courts Caregivers, Pledging to Expand Support if He Is Re-elected  
  

Biden Courts Caregivers, Pledging to Expand Support if He Is Re-elected
Michael D. Shear is a White House correspondent for The New York Times, covering President Biden and his administration. He has reported on politics for more than 30 years. More about Michael D. Shear


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Biden Condemns Arizona’s Abortion Ban as ‘Cruel’ and ‘Extreme’  
  

Biden Condemns Arizona’s Abortion Ban as ‘Cruel’ and ‘Extreme’
The overturning of Roe “paved the way for the chaos and confusion we’re seeing play out across the country today,” Karine Jean-Pierre, the White House press secretary, told reporters on Tuesday.


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Abortion Jumps to the Center of Arizona’s Key 2024 Races  
  

Abortion Jumps to the Center of Arizona’s Key 2024 Races
The issue has emerged as one of the party’s strongest political weapons since the Supreme Court decision to overturn Roe v. Wade in 2022, powering them to a series of electoral victories. The Arizona ruling on Tuesday will pose yet another test for Republicans, who after decades of efforts to limit abortion rights and access have struggled to find a winning message on the issue amid the transformed politics of the post-Roe era.


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Capitol Police Hire Special Prosecutors to Handle Rise in Threats Against Congress  
  

Capitol Police Hire Special Prosecutors to Handle Rise in Threats Against Congress
Last year, the Capitol Police investigated 8,008 threat cases, the second-highest total on record in the agency’s history. That number, which includes investigations into concerning statements and direct threats, is expected to increase this year in line with a general uptick that precedes elections.


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Woman Sentenced to Month in Prison Over Theft of Ashley Biden’s Diary  
  

Woman Sentenced to Month in Prison Over Theft of Ashley Biden’s Diary
The sentencing of Ms. Harris reflects the seriousness of the government’s efforts to deter people from interfering in elections. That includes former President Donald J. Trump, who is awaiting federal trial in Washington on charges of trying to subvert the outcome of the 2020 race.


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Food Aid Program for Mothers and Children Will Provide More Fruits and Vegetables  
  

Food Aid Program for Mothers and Children Will Provide More Fruits and Vegetables
Those updates align with findings from a survey released on Tuesday from the National WIC Association, a nonprofit that advocates on behalf of recipients. Of 22,000 participants in WIC, 93 percent said the cash voucher for fruit and vegetables was the top reason they enrolled and more than 90 percent said the value of those vouchers was just right or not enough.


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More Voters Shift to Republican Party, Closing Gap With Democrats  
  

More Voters Shift to Republican Party, Closing Gap With Democrats
The implications of the trend, which has also shown up in party registration data among newly registered voters, remains uncertain, as a voter’s party affiliation does not always predict who he or she will select in an election. But partisan affiliation patterns do offer clues to help understand how the shifting coalitions over the last quarter century have shaped recent political outcomes. During the Trump administration, the Democratic Party’s coalition grew, helping to bring about huge victories in the 2018 midterm elections and a victory for President Biden in 2020.


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Swing-State Republicans Embrace Trump’s New Abortion Stance  
  

Swing-State Republicans Embrace Trump’s New Abortion Stance
In Ohio, Bernie Moreno, a wealthy former car dealer who rode Mr. Trump’s endorsement to a victory last month in a contested Republican primary for the Senate, staked out similar ground as the former president.


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F.A.A. Investigates Claims by Boeing Whistle-Blower About Flaws in 787 Dreamliner  
  

F.A.A. Investigates Claims by Boeing Whistle-Blower About Flaws in 787 Dreamliner
“Our engineers are completing complex analysis to determine if there may be a long-term fatigue concern for the fleet in any area of the airplane,” Mr. Lewis said. “This would not become an issue for the in-service fleet for many years to come, if ever, and we are not rushing the team so that we can ensure that analysis is comprehensive.”


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Another Red-Blue Divide: Money to Feed Kids in the Summer  
  

Another Red-Blue Divide: Money to Feed Kids in the Summer
Mr. Pillen’s extraordinary reversal shows the conflicts shaping red-state views of federal aid: needs beckon, but suspicions run high of the Biden administration and programs that critics call handouts.


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