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Americans Are Mad About All the Wrong Costs
| From | TradeBriefs CEO Picks <[email protected]> |
| Subject | Americans Are Mad About All the Wrong Costs |
| Date | June 15, 2024 6:34 AM |
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Knowledge for Decision-Makers
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CEO Picks - The best that international journalism has to offer!
S14
Americans Are Mad About All the Wrong Costs
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Four years ago, the coronavirus pandemic kinked the planet’s supply
chains, causing shortages of everything from semiconductor chips to
box fans. War and drought led to disruptions in commodity markets.
Temporary lockdowns and a permanent shift away from offices altered
consumers’ purchasing patterns. Families found themselves flush with
government stimulus money. A tight labor market drove up wages. Those
factors combined meant that families had more money to spend at a time
when supply was constrained—and businesses took advantage. The price
of everything went up, all at once. And for the first time since the
1980s, inflation became the central economic problem in American
life.Now the annual rate of inflation has fallen from a peak of more
than 9 percent to just above 3 percent. Retailers are starting to make
well-publicized price cuts, seeking revenue by drawing customers in
rather than just charging them more. Burger King and McDonald’s are
promoting $5 value meals, and Target, Michaels, Giant, Amazon, and
Walgreens are slashing the cost of tens of thousands of frequently
purchased items such as diapers and cat food.
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S1
'Bridgerton' Regencycore Collaborations ThriveâFrom Pajamas To
Teacups To Fragrances
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As the highly anticipated Netflix series Bridgerton unveiled the
second-half of its latest season on Thursday, lifestyle brands have
ridden the Bridgerton wave with collaborations across fragrance, home
decor, sleepwear and beauty products, exceeding sales expectations
amid social media buzz and high demand for Regency era-themed
experiences.Bath & Body Works launched a Bridgerton-themed collection
in March, featuring custom fragrance items like candles and
soapsâwhich received a "terrific" response from customers and
represented 4% of total company sales during the launch period,
exceeding expectations, according to President Julie Rosen during the
company earnings call last week.
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S2
2024 Heat Waves: Record-High Temps From California To FloridaâAnd
Heat Dome Forms Over Northeast
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June 7Las Vegas broke another daily record 15 110 degrees, while
Albuquerque’s temperature soared to 113 degrees, a daily high tying
the city’s all-time record, and in Florida, Fort Lauderdale and
Jacksonville broke their daily records at 95 and 100 degrees,
respectively, with Orlando tying a record at 96, and Mobile, Alabama,
breaking its all-time daily high at 98.June 6Las Vegas broke its
previous record daily high, hitting 111 degrees according to the
National Weather Service, and it also tied the record for the earliest
day above 110 degrees, while Death Valley, California—one of the
hottest places on Earth—recorded a new daily high at 122 degrees,
Phoenix broke its daily record high when it hit 113 degrees and
Fresno, California, broke a daily record at 107 degrees.
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S3
Elon Muskâ™s prediction that Chinese carmakers would
âdemolishâ™ global rivals is coming true as they overtake U.S.
competitors
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Chinese carmakers sold 13.43 million cars last year, outpacing the
11.93 million cars sold by American companies, according to a report
by automotive data company JATO Dynamics. Warren Buffett-backed EV
maker BYD produced the most popular Chinese car, a compact sedan
called the Qin, and had two other vehicles in the top 25 most sold
cars last year. Tesla, for its part, claimed the title of the best
selling car in 2023 with the Model Y.“Negligence from legacy
automakers, which has resulted in consistently high car prices, has
inadvertently driven consumers towards more affordable Chinese
alternatives,” Munoz said in a statement. “As car prices continue
to rise elsewhere, Chinese car brands are capitalizing on this trend
to gain market traction at a much faster pace.”
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S4
Workplace incivility is one the rise: 'It's about basic respect'
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Angela had been in the media industry for over a decade when she began
to notice dismissive behaviors from others at a new job. There was
rudeness in meetings, gatekeeping of important information, ignoring
her contributions in Slack room discussions, and gaslighting about it
all, including from a series of managers. It eventually all took a
toll. “It affected my self-esteem, big-time,” Angela, who is
being identified by her middle name for privacy, tells Fortune.
“‘Rude’ isn’t a performance metric. Basic human communication
is not a part of what was discussed or expected, but that’s what
we’re talking about. To me it’s about basic respect.”
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S5
Walmart is Relaunching a Private-Label Fashion Brand to Target Gen-Z
Consumers
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The Bentonville, Arkansas-based company will relaunch its "No
Boundaries" clothing line in July, refreshing the 30-year-old, $2
billion brand with products and styles popular with Gen Z consumers.
The line will feature 130 pieces, including women's and men's
clothing, shoes, and accessories, and is staying low-cost, with 80
percent of the items selling for less than $15. She added that No
Boundaries will be focusing on fit, quality, style, and fabrics that
resonate with the young adult audience, such as modern shapes like
baggy-fitting jeans and fabrics like seamless stretch. To be more
inclusive, the fashion line will also expand its sizes, ranging from
XXS to 5X in young women's and XS to 3X in young men's.
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S6
Businesses Want Insurance for AI Risks, but Insurers Are Still
Figuring Out How to Offer It
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To protect themselves from the unpredictability of life, mother
nature, and injuries, responsible businesses turn to general
liability insurance policies. As more businesses adopt artificial
intelligence in their daily operations, they're looking to insurers
to do the calculus on offering protections.McMurtrie explained that
most carriers are researching how to bring AI-centered products to
market, likely within the next two years. But before that can happen,
carriers would have to determine what the risks are and how often they
occur, and then generate an appropriate price to cover the cost of
that exposure.
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S7
Research: The Most Common DEI Practices Actually Undermine Diversity
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While companies say they champion diversity, there are glaring
disparities in diverse representation within managerial ranks. The
authors examine the impact of various management practices on diverse
representation in managerial roles and how often each management
practice is utilized in organizations, shedding light on why
organizations are not making greater progress toward diverse
representation. Despite not working well for attaining diverse
representation, diversity training is widely used in organizations. In
contrast, formal mentoring programs and targeted recruitment are
effective for increasing diverse representation but are underused.
Indeed, the relationship between how often management practices are
implemented in organizations and their effectiveness in attaining
diverse representation is negative and strong. This article breaks
down the practices organizations should utilize to achieve diverse
representation, underscoring the need to shift toward practices that
increase diverse representation in management.
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S8
How to Get Results Quickly After a Merger or Acquisition
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Delayed and ineffective commercial integration can turn a good deal
into a loser, because sales growth ultimately determines whether a
merger achieves its value-creation goals. To create value, mergers
need top-line gains: More sales to more customers, expansion into new
territories or market adjacencies, new products and services to sell
to existing customers. But compared to other areas of post-merger
activity, the commercial engine starts late, operates uncertainly, and
often runs out of gas before reaching its goals. With M&A activity
picking up and high interest rates making delay costlier, it’s more
important than ever that private equity and corporate acquirers leave
the deal table with underwriteable, ready-to-go plans to make deals
pay off through growth — and carry those plans out quickly.
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S9
How to opt out of Metaâ™s AI training
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Your posts are a gold mine, especially as companies start to run out
of AI training data.
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S10
Biotech companies are trying to make milk without cows
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The bird flu crisis on dairy farms could boost interest in milk
protein manufactured in microorganisms and plants.
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S11
I Spent a Week Eating Discarded Restaurant Food. But Was It Really
Going to Waste?
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It’s 10 pm on a Wednesday night and I’m standing in Blessed, a
south London takeaway joint, half-listening to a fellow customer
talking earnestly about Jesus. I’m nodding along, trying to pay
attention as reggae reverberates around the small yellow shop front.
But really, all I can really think about is: What’s in the bag?All
week, I’ve lived off mysterious packages like this one, handed over
by cafés, takeaways, and restaurants across London. Inside is food
once destined for the bin. Instead, I’ve rescued it using Too Good
To Go, a Danish app that is surging in popularity, selling over 120
million meals last year and expanding fast in the US. For five days, I
decided to divert my weekly food budget to eat exclusively through the
app, paying between £3 and £6 (about $4 to $8) for meals that range
from a handful of cakes to a giant box of groceries, in an attempt to
understand what a tech company can teach me about food waste in my own
city.
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S12
No Matter How You Package It, Apple Intelligence Is AI
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While companies like Google, Microsoft, Amazon, and others had been
upfront about their efforts in AI, for years Apple had been silent.
Now, finally, its executives were talking. I got an advance look one
day. Eager to shed the the impression that the most innovative of the
tech giants was a laggard in this vital technology moment, its
software leader Craig Federighi, services czar Eddie Cue, and top
researchers argued that Apple had been a leader in AI for years but
just didn’t make a big deal of it. Advanced machine learning was
already deep in some of its products, and we could expect more,
including advances in Siri. And since Apple valued data security more
than competitors, its AI efforts would be distinguished by exacting
privacy standards. How many people are working on AI at Apple, I
asked. “A lot,” Federighi told me. Another executive emphasized
that while AI could be transformative, Apple wanted nothing to do with
the woo-woo aspects that excited some in the field, including the
pursuit of superintelligence. “It’s a technique that will
ultimately be a very Apple way of doing things,” said one
executive.That conversation took place eight years ago, when the
technology du jour was deep learning AI. But a year after that, a
groundbreaking advance called Transformers led to a new wave of smart
software called generative AI, which powered OpenAI’s groundbreaking
ChatGPT. In an instant, people started judging tech companies by how
aggressively they jumped on the trend. OpenAI’s rivals were quick to
act. Apple, not so much. Many of its best AI scientists had been
working on self-driving cars or its expensive mixed-reality Vision Pro
headset. In the last year or so, Apple pulled its talent from such
projects—no more autonomous cars—and instead came up with its own
gen-AI strategy. And at this week’s Worldwide Developers Conference,
Apple revealed what it was up to.
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S13
One Satellite Crash Could Upend Modern Life
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Earlier this year, two satellites from two adversarial countries
nearly collided while orbiting Earth at thousands of miles an hour.
The first, an American spacecraft on a NASA mission to study the
planet’s upper atmosphere, wasn’t built to maneuver in orbit. The
second, a Russian surveillance spacecraft, was defunct, and thus
uncontrollable. The only thing people on Earth could do was watch.
Darren McKnight, a space-debris expert, stayed up all night on
February 28, monitoring the trajectories of the satellites, which,
combined, weighed several thousand pounds. “I felt very, very
helpless,” McKnight told me.According to LeoLabs, the U.S.
space-tracking firm where McKnight works, the probability of collision
that night was somewhere between 3 and 8 percent. That may not seem so
terrible, but risk works a bit differently in the realm above Earth.
Satellite trackers like McKnight start sounding the alarm when the
probability of a crash reaches 0.001 percent; no one wants to see
whole-number or, God forbid, double-digit percentages. In the end, the
research spacecraft and the spy satellite ended up passing within just
33 feet of each other. At a recent conference, Pam Melroy, NASA’s
deputy administrator, said the near miss was “very shocking” and
“really scared us.”
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S15
Is Being a Politician the Worst Job in the World?
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On July 4th—while the U.S. celebrates its break from
Britain—voters in the United Kingdom will go to the polls and,
according to all predictions, oust the current government. The
Conservative Party has been in power for fourteen years, presiding
over serious economic decline and widespread discontent. Sixty per
cent of Britons now think that the narrow, contentious referendum to
break away from the European Union was a mistake. Yet the Labour Party
shows no inclination to reverse or even mitigate Brexit. If the
Conservatives have destroyed their reputation, why won’t Labour move
boldly to change the direction of the U.K.? Is the U.K. hopeless?
David Remnick is joined by Rory Stewart, who spent nine years as a
Conservative Member of Parliament, and now co-hosts the podcast “The
Rest Is Politics.” He left the government prior to Brexit and wrote
his best-selling memoir, “How Not to Be a Politician,” which pulls
no punches in describing the soul-crushing sham of serving in office.
“It’s not impostor syndrome,” Stewart tells Remnick. “You are
literally an impostor, and you’re literally on television all the
time claiming to understand things you don’t understand and claiming
to control things you don’t control.”© 2024 Condé Nast. All
rights reserved. The New Yorker may earn a portion of sales from
products that are purchased through our site as part of our Affiliate
Partnerships with retailers. The material on this site may not be
reproduced, distributed, transmitted, cached or otherwise used, except
with the prior written permission of Condé Nast. Ad Choices
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S16
âShoeshineâ Marked a New Era of Political Cinema
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Though the Second World War continued in Europe through May, 1945,
Rome was liberated from Nazi occupation in June, 1944, and most of
Italy was liberated by the end of that year. Soon came a revolutionary
filmâRoberto Rossellini's "Rome, Open City"âwhich began shooting in
January, 1945, using many nonprofessional actors and filmed partly on
location. The film told a story of Italian resistance to, and
collaboration with, German forces, and of the joint personal and civic
tragedies of the occupation. It displayed Rossellini's art of dramatic
analysisâof images as embodiments of ideasâand ushered in the
movement that came to be called Italian neorealism. The film remains
powerful, although it's hard to see, now, what was revolutionary about
it. Rossellini's main accomplishment was to hold a mirrorâor, rather,
two mirrorsâto Italian society: one that looked back to the country's
recent past and another that forced the country to confront the
resulting political and moral crises of the present.Vittorio De Sica,
an actor and director, followed in the same vein with "Shoeshine,"
from 1946, which is playing at Film Forum in a new restoration. The
Italian title, "Sciuscià ," is a phonetic borrowing from the English
word, a fact that spotlights the essence of the story, which is about
the many boys who, soon after Rome's liberation, were scrounging for
cash by shining shoesâmainly the shoes of occupying American
soldiers. The central crisis faced by the two boys at the heart of the
filmâand by pretty much everyoneâis poverty, the sheer economic and
material deprivations of the immediate postwar period. But the title
of the film suggests another crisis: the effects of American
occupation, which, however welcome it was in freeing the city and the
country from Nazi tyranny, proved in other regards demoralizing and
corrupting.
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S17
Iron from Glacial Meltwater Could Supercharge Phytoplankton Growth.
What Would That Mean for the Climate?
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Researchers are investigating how an iron infusion from glacial
meltwater might change Antarctica’s seas and the climate.
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S18
We Are Closer Than Ever to Electric Flying Cars
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New electric-powered, vertical-lift aircraft are rising to the
challenge of delivering clean and cheap air taxi services
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S19
Will Taylor Swift Endorse Joe Biden in 2024?
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Swift has yet to weigh in on the 2024 election. But despite Trump’s
desperate attempts to win her over, another Biden endorsement seems
likely.
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S20
Biden Could Lose the Popular Vote and Still Win
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MAGA excitement about good Trump polls in blue states like Virginia
misses the point that the battleground map changes and so does the
electorate.
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S21
Telling new stories can help people see the value of vaccines
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Nearly nine in 10 Americans strongly believe in the overall value of
childhood vaccines. Reflecting the value communities place on them,
every state and the District of Columbia require children to get
vaccinated against certain diseases before they start school,
including measles, mumps, polio, tetanus, whooping cough, and
chickenpox.Troubling stories about outbreaks of previously eradicated
diseases like measles notwithstanding, most schools are free of
vaccine-preventable diseases. This is precisely because vaccination
requirements ensure that virtually every child’s immune system has
been prepared to recognize and resist these diseases.
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S22
NIH needs reform and restructuring, key Republican committee chairs
say
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As investigators continue to gain insight into the early days of
Covid-19, the origins of the pandemic may be still up for debate. In
addition, congressional investigations into the National Institutes of
Health have revealed that scientists have conducted, or have been
granted approval to conduct, dangerous experiments with little
oversight. And in some instances, they have been intentionally
deceptive about research being conducted with taxpayer dollars. NIH
officials have consistently resisted transparency at every stage of
various congressional inquiries.While most NIH researchers and
employees are hardworking people devoted to scientific and medical
advancements, this agency’s involvement with the now-debarred
EcoHealth Alliance and subsequent cover-up have broken the public’s
trust in the agency. It’s time to mend those wounds and rebuild the
American people’s trust in the NIH.
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S23
How to Solve the Worldâ™s Refugee Crisis
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On June 10, a boat carrying 260 Somali and Ethiopian refugees capsized
off the coast of Yemen, killing dozens. The number of dead will almost
certainly rise. It’s a tragic and underreported event that is part
of a larger trend: According to a new report from the U.N.’s refugee
agency, UNHCR, more than 7,600 people died or are missing after
attempting to cross the Mediterranean Sea over the last three years.
On June 10, a boat carrying 260 Somali and Ethiopian refugees capsized
off the coast of Yemen, killing dozens. The number of dead will almost
certainly rise. It’s a tragic and underreported event that is part
of a larger trend: According to a new report from the U.N.’s refugee
agency, UNHCR, more than 7,600 people died or are missing after
attempting to cross the Mediterranean Sea over the last three years.
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S24
Why China Is Sabotaging Ukraine
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For a moment last August, it seemed that Beijing was finally ready to
distance itself from its “no limits partnership” with Moscow. That
month, Chinese leader Xi Jinping sent his special envoy for the war in
Ukraine, Li Hui, to discuss Ukrainian President Volodymyr Zelensky’s
peace formula with diplomats from several countries, including Ukraine
and the United States. The formula calls for Russia to withdraw to
Ukraine’s 1991 borders, send its war criminals to international
tribunals, and pay reparations to Kyiv. The plan clearly represents
Kyiv’s favored conclusion to the conflict, and merely by engaging
with it, Beijing suggested that it might be ready to play hardball
with Moscow.But China’s first public participation in discussions
about that formula was also its last. On May 31, Beijing announced
that it would not be joining some 90 other countries at a June 15–16
peace summit in Switzerland to debate, based on Zelensky’s proposal,
how to end the war. The Chinese Foreign Ministry spokesperson, Mao
Ning, explained that Beijing would attend the summit only if Russia
were a participant and if any plan presented would receive a hearing.
For Ukraine, both requirements are nonstarters.
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S25
What causes multiple sclerosisâand why are women more at risk?
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But Applegate’s symptoms didn’t stop there. Lesions in her brain
caused pain all over her body. She began to experience depression,
too. “I don’t enjoy living…I don’t enjoy things anymore,”
Applegate said on the June 4 episode of her podcast, MeSsy. “It
feels really fatalistic,” she said. MS affects the central nervous
system, the brain and spinal cord. The immune system attacks sheaths
of a material called myelin that surround nerve fibers. Like
insulation on wires, myelin protects nerves and helps transmit
signals. But when myelin deteriorates, the nerve fibers underneath are
exposed. This disrupts the brain’s communication and leaves behind
lesions, which can cause a myriad of symptoms as the disease
progresses.
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S26
These destinations offer kayakers a unique adventure: underground
paddling
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Descending into a chasm on the side of an eastern Kentucky mountain
might not sound like an epic start to a kayaking expedition. Yet, here
in the heart of the Red River Gorge Geological Area, a 29,000-acre
canyon system home to sandstone arches, cliffs, and abandoned mines,
it is the best way to experience water without the crowds. Our
guide, JP Stamper, leads down into a chilly cavern with a life jacket,
helmet, and paddle in hand. Flashlights flicker on as we navigate
around icy water cascading from the mine’s ceiling, 40 feet above.
Venturing deep underground on water might seem daunting to some, but
there’s an overwhelming sense of calm that accompanies floating over
still water, in surreal silence.
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S27
Microrobots Made Of Algae Carry Chemo Directly To Lung Tumors
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Our biohybrid microrobot – called algae-NP(DOX)-robot– combines
microscopic, live green microalgae commonly used in pharmaceuticals,
Chlamydomonas reinhardtii, with nanoparticles coated with red blood
cell membranes. The cell membranes act as a natural “camouflage”
to enhance the microrobot’s biocompatibility and prevent it from
being attacked by the patient’s immune system. Within the
nanoparticles is a common type of chemotherapy drug called
doxorubicin.We tested our algae-based microrobots in mice with lung
metastases. By administering these algae-based microrobots through the
trachea, we could transport the drug directly into the lungs and
minimize side effects to other organs. Once in the lungs, our
algae-based microrobot could swim and distribute the drug across lung
tissue. It could also evade destruction by immune cells in the lungs,
allowing the drug to be gradually released from the nanoparticles.
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S28
The $20 Billion Treasures of the San José Wreck Will Soon Be Saved
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Of all shipwrecks throughout history, one stands out for its
sought-after treasures — sitting at the bottom of the Caribbean Sea,
the San José galleon contains an estimated $20 billion worth of gold,
silver, and emeralds and is aptly dubbed the "holy grail" of
shipwrecks. For years, multiple parties have coveted its treasures,
becoming embroiled in disputes over ownership of the sunken ship. As
new developments unfold — such as a recent pledge by the Colombian
government to retrieve parts of the ship and its goods — historians
have taken this opportunity to revisit the galleon’s war-torn past.
In doing so, they hope to learn about the stories of the San José's
passengers who perished back in 1708.
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S29
Did rock art spread from one place or was it invented many times?
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Rock art is a truly global phenomenon, with discoveries of cave
paintings and etchings on every continent that ancient humans
inhabited – but how many times was it invented over human history?
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S30
Hybrid design could make nuclear fusion reactors more efficient
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Two types of fusion reactor called tokamaks and stellarators both have
drawbacks – but a new design combining parts from both could offer
the best of both worlds
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S31
Map: The Worldâ™s Oldest and Youngest Countries, by Median Age
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The median age is a single indicator of population's age, useful for
policy planning for the world’s oldest and youngest countries.
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S32
Visualizing the Market Share of U.S. Soft Drinks
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In this graphic, we visualize the change in market share of U.S.
carbonated soft drinks between 1995 and 2023.
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S33
Ask Ethan: Is the Universe finite or infinite?
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Whenever we look out at the Universe, no matter how powerful our tools
or how clever our techniques, there’s always a limit to what we’re
capable of observing. No photons, or quanta of light, can be seen
beyond the cosmic microwave background: a curtain of light that marks
the first formation of stable, neutral atoms, occurring 380,000 years
after the hot Big Bang. Prior to that, there is a neutrino signature
— the cosmic neutrino background — that was emitted just 1 second
after the hot Big Bang, and a theorized gravitational wave background,
generated by the inflationary phase that set up and preceded the hot
Big Bang, that is potentially detectable as well.But all of these
signals are fundamentally limited: by the amount of time they’ve
been propagating and the fundamental limit at which an
information-carrying signal can travel: the speed of light in a
vacuum. That sets the ultimate limit of what’s in our observable
Universe, and whatever part is unobservable, beyond that, can only be
inferred, not directly measured. So what does that mean for the big
question of whether the Universe, as a whole, is finite or infinite?
That’s what our anonymous question-asker sent in this week,
inquiring:
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S34
How the 3 stages of the "redemption arc" can enrich our daily work
lives
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Picture your best friend — the one who’s in the pictures in your
house. This is the friend who was there at your wedding, your 18th
birthday, or when your dad died. Most people have a good friend like
this. Imagine that this friend cheats on their spouse. Or, perhaps
worse, let’s say they’re found guilty of murder. They’ve done
something horrible or criminal. Are they your friend still? Do you
disown and discard them? Have you ever, in your mind, decided how far
your friendship with that person will stretch?Everyone makes mistakes.
Making mistakes is an important part of learning and growing. Some
mistakes are, of course, more serious than others. When someone does
something wrong, we each have to decide if that misdeed qualifies for
redemption. If so, we must determine the necessary criteria for
granting redemption.
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S35
Everyday Philosophy: The religious belief underlying our disgust with
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“Why, in some countries, is eating someone’s corpse a way to honor
the dead while in others it is unthinkable?”One of my favorite
pieces of peculiar trivia is about eating bacon. I prefer to use it
with people I’ve only just met, but anytime will do. Just as I’m
about to bite into a greasy mouthful, I’ll look my company in the
eyes and say, “Did you know that pork is the closest meat to human
flesh we all commonly eat?” Often, I’m met with an awkward laugh,
at which point I’ll carry on. “Yeah, it used to be that certain
Fijians cannibals called humans ‘long pigs.’”
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S36
Period myths that "just need to die"
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Humans don’t have pheromones, women’s periods do not sync up with
one another, and there’s no scientific evidence that a menstrual
cycle lasts 28 days. OB-GYN and health communicator Dr. Jen Gunter
explains.There have been many misconceptions about women’s health in
recent decades, resulting in a widespread lack of proper education on
menstrual science. According to Gunter, this can be incredibly
harmful, as it perpetuates myths, leads to misunderstandings about
normal menstrual health, and prevents people from advocating for
themselves effectively.
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S37
Music as medicine: The therapeutic potential of sound
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Imagine that you just had a terrible day at work. On the commute home,
you turn on some music. It’s an old song, one you haven’t heard in
years but once bookmarked a meaningful chapter in your life. You turn
up the volume and the hassles of the day fade away. The song
crescendos. On your arms, you feel goosebumps (also called
“frisson” or “aesthetic chills”), a phenomenon that, despite
being a common reaction to music and other stimuli, has no immediately
obvious evolutionary explanation. And as the next song starts,
you’re already in a better mood.Music can move us deeply. But
besides nudging us to move to the beat or sparking emotional
reactions, how exactly does music affect us? What does science have to
say about the prospect of using music as a therapy, and what insights
can musicians themselves offer when it comes to designing good
studies?
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S38
Tempus AI IPO: Shares Begin Trading, and More IPOs Are on the Way
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When shares of Tempus AI began trading Friday, it was familiar
territory for founder Eric Lefkofsky. The IPO of the genetics testing
and medical data firm marked the fourth time the serial entrepreneur
has taken a company public. Tempus shares intially shot up quickly
by more than 12 percent to more than $41 a share once trading began
around midday, as investors looked for alternate ways to invest in the
artificial intelligence boom jumped on board the company. Tempus
priced at the top of its expected $35 to $37 range, raising over $410
million and resulting in a valuation of $6.1 billion.
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S39
Founder of ADHD Startup Done Global Arrested for Fraud
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Ruthia He, the founder of ADHD-focused telehealth company Done Global,
has been arrested and charged with fraud along with the San
Francisco-based company's head doctor. In the indictment, the
U.S. Department of Justice alleges that He and David Brody provided
easy access to Adderall and other stimulants to people who may not
have medically needed them, a scheme that "generated over $100 million
in revenue by arranging for the prescription of over 40 million
pills." (Done Global did not reply to Inc.'s request for comment.)The
indictment, which the DOJ says is its first criminal drug distribution
prosecution against a telehealth company dealing in controlled
substances, alleges that He and Brody spent millions on "deceptive"
social media ads, targeted at those seeking ADHD drugs. Once customers
had signed up for a monthly subscription, Done's prescribers were
instructed to "prescribe Adderall and other stimulants even if the
Done member did not qualify," the department claims.
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S40
3 Ways to Get Venture Capital's Attention
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If you're like most founders with a big idea, you will need
significant funding to bring it to life. That means you're probably
contemplating raising venture capital. Raising VC funds might be
one of the most challenging hurdles in your company's early life. This
is especially true given the state of VC funding in 2024.There is no
silver bullet to ensure you'll receive VC funds. You'll need assets to
attract VC attention. From there, simplicity and clarity are critical
to helping you catch VC interest, make it through their process, and
receive funding. Importantly, you'll need a large market where your
company can grow to a sizable value.
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S41
Global Trust in U.S. Companies Is... Mixed
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A recently published report by public relations consultancy Edelman,
which included responses from 32,000 people across 28 countries,
evaluated the factors that affect the public's trust in businesses,
particularly when it comes to introducing new innovations. On average,
just over half of respondents from other countries said they trusted
companies headquartered in the U.S.That varied significantly by
region, though: 60 percent of respondents from Asia said they trusted
companies headquartered in the U.S., while just 44 percent of European
respondents indicated trust in U.S.-based companies.
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S42
I Was Exhausted, Overwhelmed, and on the Verge of Burnout. Then I Hit
the Figurative 'Do Not Disrupt Button' on My Life
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Behind the glossy mask of social media, the true stories of
entrepreneurs are often far more complex -- and far more inspiring. As
a female business owner who has weathered both dizzying highs and
profound lows, I've learned that the path to lasting success requires
more than just external achievements.My journey over the past few
years has been a rollercoaster ride -- one minute, I was celebrating
one milestone after another as my company continued to grow, and the
next I was faced with the loss of a major customer, rebuilding my
team, property loss from a major storm, and constant travel. I was
often on the verge of burnout, exhausted, and overwhelmed. Despite my
outward prosperity, I struggled to find the space to truly rest and
recharge.
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S43
Abercrombie & Fitch Finds New Life, and Success, with Total Brand
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Abercrombie & Fitch has gone through many business revamps and
reinventions in its 132-year history. But it's only now enjoying
what's arguably its most successful incarnation ever, with spiking
sales and resurgent share prices.The company was founded in 1892 as a
retailer specializing in camping, hunting, and other outdoor gear,
before morphing into a department store and finally setting its
current course as a clothes retailer. Today, Abercrombie &
Fitch is reaping the fruits of a total rebranding of the
company, its fashions, and reputation, and celebrating that with
record sales driven by younger shoppers flocking to it.
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S44
How Monogram Is Using AI to Help Empower Incarcerated Youth
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Attorneys, judges, and even individuals who are incarcerated can now
access the latest neuroscience and social science research at their
own reading comprehension level, with the help of design engineering
agency Monogram (No. 589 on 2023's Inc. 5000 list). The Alpharetta,
Georgia-based startup teamed up with the Center for Law, Brain &
Behavior (CLBB) NeuroLaw Library at Massachusetts General Hospital,
which is a Harvard Medical School teaching hospital, to create an
AI-powered digital library. The resource is intended to democratize
information on adolescent brains and behavior in hopes that it will be
a valuable resource for people caught up in, or working in, the
juvenile justice system."We're using AI to help Harvard get this
information out to as many people as possible," Monogram co-founder
and managing director DJ Patel says. "And if we can get even one
person out of jail that doesn't need to be in jail, we've won."
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S45
'It's a Scam.' Accusations of Mass Non-Payment Grow Against Scale AI's
Subsidiary, Outlier AI
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In February, Emilie Friedlander, a journalist in New York, received a
LinkedIn message advertising a new job with the potential to "earn up
to $40 an hour ($1,600 per week) while teaching AI models how to
write."Â Over the ensuing weeks, Friedlander received three more
recruiting messages on LinkedIn from Outlier. The pitches seemed
automated, Friedlander explains, and they appeared with a "sponsored"
tag wedged between the sender's name and the body of the text. The pay
rates were different in every message: First $21 per hour, then $40
per hour. Then, finally, back down to $25 per hour.Â
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S46
Why Are the Boston Celtics So Good? They Keep Quoting This Stanford
Psychologist's 2006 Book
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Someone with a fixed mindset might conclude that Einstein was simply
one of the most brilliant people to walk the planet. But someone with
a growth mindset might conclude that yes, he had innate intelligence,
but what mattered much more was how he learned to solve
extraordinarily complicated problems.Importantly, Dweck suggests that
many individual people might not know on their own whether they've
adopted a fixed mindset or a growth mindset. But, she says that their
reaction to failure is a good barometer.Â
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S47
Jensen Huang, Nvidia CEO, Just Gave Caltech Grads Great Advice--and a
Good Taylor Swift Pun
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From behind a white and orange podium emblazoned with the California
Institute of Technology's seal, the founder and CEO of the computer
chip giant --Â which recently surpassed Apple as America's second
most valuable public company -- gave a keynote that touched
on his long journey to success, the importance of patience, and the
lessons that can be learned from failure."The world is uncertain ...
and the world can be unfair and deal you with tough cards," Huang said
at one point, wearing a black and yellow robe as he addressed
Caltech's 2024 graduating class. But, he added: "Swiftly, shake it
off."
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S48
Learning to Delegate as a First-Time Manager
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Learning how to delegate well is a skill every first-time manager
needs to learn from the very start. Many people are promoted into
management for doing their previous job well. But once you’re
promoted into a leadership role, you must accept that you can’t do
everything on your own — nor should you. Though it may seem
counterintuitive, the more senior you become in an organization, the
less you’ll be involved in doing the day-to-day work. You’ll need
to have a sense of what’s happening without directly contributing to
every project. To do that, you first have to change your mindset from
“doing” to “managing,” even though it might feel
uncomfortable. If you resist this change, you’ll likely end up
overwhelmed and (unintentionally) holding onto opportunities that
could be given to your team.
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S49
Research: The Most Common DEI Practices Actually Undermine Diversity
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While companies say they champion diversity, there are glaring
disparities in diverse representation within managerial ranks. The
authors examine the impact of various management practices on diverse
representation in managerial roles and how often each management
practice is utilized in organizations, shedding light on why
organizations are not making greater progress toward diverse
representation. Despite not working well for attaining diverse
representation, diversity training is widely used in organizations. In
contrast, formal mentoring programs and targeted recruitment are
effective for increasing diverse representation but are underused.
Indeed, the relationship between how often management practices are
implemented in organizations and their effectiveness in attaining
diverse representation is negative and strong. This article breaks
down the practices organizations should utilize to achieve diverse
representation, underscoring the need to shift toward practices that
increase diverse representation in management.
Continued here
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S50
How to Get Results Quickly After a Merger or Acquisition
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Delayed and ineffective commercial integration can turn a good deal
into a loser, because sales growth ultimately determines whether a
merger achieves its value-creation goals. To create value, mergers
need top-line gains: More sales to more customers, expansion into new
territories or market adjacencies, new products and services to sell
to existing customers. But compared to other areas of post-merger
activity, the commercial engine starts late, operates uncertainly, and
often runs out of gas before reaching its goals. With M&A activity
picking up and high interest rates making delay costlier, it’s more
important than ever that private equity and corporate acquirers leave
the deal table with underwriteable, ready-to-go plans to make deals
pay off through growth — and carry those plans out quickly.
Continued here
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-------------------------
CEO Picks - The best that international journalism has to offer!
S14
Americans Are Mad About All the Wrong Costs
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Four years ago, the coronavirus pandemic kinked the planet’s supply
chains, causing shortages of everything from semiconductor chips to
box fans. War and drought led to disruptions in commodity markets.
Temporary lockdowns and a permanent shift away from offices altered
consumers’ purchasing patterns. Families found themselves flush with
government stimulus money. A tight labor market drove up wages. Those
factors combined meant that families had more money to spend at a time
when supply was constrained—and businesses took advantage. The price
of everything went up, all at once. And for the first time since the
1980s, inflation became the central economic problem in American
life.Now the annual rate of inflation has fallen from a peak of more
than 9 percent to just above 3 percent. Retailers are starting to make
well-publicized price cuts, seeking revenue by drawing customers in
rather than just charging them more. Burger King and McDonald’s are
promoting $5 value meals, and Target, Michaels, Giant, Amazon, and
Walgreens are slashing the cost of tens of thousands of frequently
purchased items such as diapers and cat food.
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S1
'Bridgerton' Regencycore Collaborations ThriveâFrom Pajamas To
Teacups To Fragrances
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As the highly anticipated Netflix series Bridgerton unveiled the
second-half of its latest season on Thursday, lifestyle brands have
ridden the Bridgerton wave with collaborations across fragrance, home
decor, sleepwear and beauty products, exceeding sales expectations
amid social media buzz and high demand for Regency era-themed
experiences.Bath & Body Works launched a Bridgerton-themed collection
in March, featuring custom fragrance items like candles and
soapsâwhich received a "terrific" response from customers and
represented 4% of total company sales during the launch period,
exceeding expectations, according to President Julie Rosen during the
company earnings call last week.
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You Might Like
S2
2024 Heat Waves: Record-High Temps From California To FloridaâAnd
Heat Dome Forms Over Northeast
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June 7Las Vegas broke another daily record 15 110 degrees, while
Albuquerque’s temperature soared to 113 degrees, a daily high tying
the city’s all-time record, and in Florida, Fort Lauderdale and
Jacksonville broke their daily records at 95 and 100 degrees,
respectively, with Orlando tying a record at 96, and Mobile, Alabama,
breaking its all-time daily high at 98.June 6Las Vegas broke its
previous record daily high, hitting 111 degrees according to the
National Weather Service, and it also tied the record for the earliest
day above 110 degrees, while Death Valley, California—one of the
hottest places on Earth—recorded a new daily high at 122 degrees,
Phoenix broke its daily record high when it hit 113 degrees and
Fresno, California, broke a daily record at 107 degrees.
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S3
Elon Muskâ™s prediction that Chinese carmakers would
âdemolishâ™ global rivals is coming true as they overtake U.S.
competitors
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Chinese carmakers sold 13.43 million cars last year, outpacing the
11.93 million cars sold by American companies, according to a report
by automotive data company JATO Dynamics. Warren Buffett-backed EV
maker BYD produced the most popular Chinese car, a compact sedan
called the Qin, and had two other vehicles in the top 25 most sold
cars last year. Tesla, for its part, claimed the title of the best
selling car in 2023 with the Model Y.“Negligence from legacy
automakers, which has resulted in consistently high car prices, has
inadvertently driven consumers towards more affordable Chinese
alternatives,” Munoz said in a statement. “As car prices continue
to rise elsewhere, Chinese car brands are capitalizing on this trend
to gain market traction at a much faster pace.”
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You Might Like
S4
Workplace incivility is one the rise: 'It's about basic respect'
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Angela had been in the media industry for over a decade when she began
to notice dismissive behaviors from others at a new job. There was
rudeness in meetings, gatekeeping of important information, ignoring
her contributions in Slack room discussions, and gaslighting about it
all, including from a series of managers. It eventually all took a
toll. “It affected my self-esteem, big-time,” Angela, who is
being identified by her middle name for privacy, tells Fortune.
“‘Rude’ isn’t a performance metric. Basic human communication
is not a part of what was discussed or expected, but that’s what
we’re talking about. To me it’s about basic respect.”
Continued here
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S5
Walmart is Relaunching a Private-Label Fashion Brand to Target Gen-Z
Consumers
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The Bentonville, Arkansas-based company will relaunch its "No
Boundaries" clothing line in July, refreshing the 30-year-old, $2
billion brand with products and styles popular with Gen Z consumers.
The line will feature 130 pieces, including women's and men's
clothing, shoes, and accessories, and is staying low-cost, with 80
percent of the items selling for less than $15. She added that No
Boundaries will be focusing on fit, quality, style, and fabrics that
resonate with the young adult audience, such as modern shapes like
baggy-fitting jeans and fabrics like seamless stretch. To be more
inclusive, the fashion line will also expand its sizes, ranging from
XXS to 5X in young women's and XS to 3X in young men's.
Continued here
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S6
Businesses Want Insurance for AI Risks, but Insurers Are Still
Figuring Out How to Offer It
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To protect themselves from the unpredictability of life, mother
nature, and injuries, responsible businesses turn to general
liability insurance policies. As more businesses adopt artificial
intelligence in their daily operations, they're looking to insurers
to do the calculus on offering protections.McMurtrie explained that
most carriers are researching how to bring AI-centered products to
market, likely within the next two years. But before that can happen,
carriers would have to determine what the risks are and how often they
occur, and then generate an appropriate price to cover the cost of
that exposure.
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S7
Research: The Most Common DEI Practices Actually Undermine Diversity
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While companies say they champion diversity, there are glaring
disparities in diverse representation within managerial ranks. The
authors examine the impact of various management practices on diverse
representation in managerial roles and how often each management
practice is utilized in organizations, shedding light on why
organizations are not making greater progress toward diverse
representation. Despite not working well for attaining diverse
representation, diversity training is widely used in organizations. In
contrast, formal mentoring programs and targeted recruitment are
effective for increasing diverse representation but are underused.
Indeed, the relationship between how often management practices are
implemented in organizations and their effectiveness in attaining
diverse representation is negative and strong. This article breaks
down the practices organizations should utilize to achieve diverse
representation, underscoring the need to shift toward practices that
increase diverse representation in management.
Continued here
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S8
How to Get Results Quickly After a Merger or Acquisition
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Delayed and ineffective commercial integration can turn a good deal
into a loser, because sales growth ultimately determines whether a
merger achieves its value-creation goals. To create value, mergers
need top-line gains: More sales to more customers, expansion into new
territories or market adjacencies, new products and services to sell
to existing customers. But compared to other areas of post-merger
activity, the commercial engine starts late, operates uncertainly, and
often runs out of gas before reaching its goals. With M&A activity
picking up and high interest rates making delay costlier, it’s more
important than ever that private equity and corporate acquirers leave
the deal table with underwriteable, ready-to-go plans to make deals
pay off through growth — and carry those plans out quickly.
Continued here
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S9
How to opt out of Metaâ™s AI training
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Your posts are a gold mine, especially as companies start to run out
of AI training data.
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S10
Biotech companies are trying to make milk without cows
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The bird flu crisis on dairy farms could boost interest in milk
protein manufactured in microorganisms and plants.
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S11
I Spent a Week Eating Discarded Restaurant Food. But Was It Really
Going to Waste?
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It’s 10 pm on a Wednesday night and I’m standing in Blessed, a
south London takeaway joint, half-listening to a fellow customer
talking earnestly about Jesus. I’m nodding along, trying to pay
attention as reggae reverberates around the small yellow shop front.
But really, all I can really think about is: What’s in the bag?All
week, I’ve lived off mysterious packages like this one, handed over
by cafés, takeaways, and restaurants across London. Inside is food
once destined for the bin. Instead, I’ve rescued it using Too Good
To Go, a Danish app that is surging in popularity, selling over 120
million meals last year and expanding fast in the US. For five days, I
decided to divert my weekly food budget to eat exclusively through the
app, paying between £3 and £6 (about $4 to $8) for meals that range
from a handful of cakes to a giant box of groceries, in an attempt to
understand what a tech company can teach me about food waste in my own
city.
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S12
No Matter How You Package It, Apple Intelligence Is AI
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While companies like Google, Microsoft, Amazon, and others had been
upfront about their efforts in AI, for years Apple had been silent.
Now, finally, its executives were talking. I got an advance look one
day. Eager to shed the the impression that the most innovative of the
tech giants was a laggard in this vital technology moment, its
software leader Craig Federighi, services czar Eddie Cue, and top
researchers argued that Apple had been a leader in AI for years but
just didn’t make a big deal of it. Advanced machine learning was
already deep in some of its products, and we could expect more,
including advances in Siri. And since Apple valued data security more
than competitors, its AI efforts would be distinguished by exacting
privacy standards. How many people are working on AI at Apple, I
asked. “A lot,” Federighi told me. Another executive emphasized
that while AI could be transformative, Apple wanted nothing to do with
the woo-woo aspects that excited some in the field, including the
pursuit of superintelligence. “It’s a technique that will
ultimately be a very Apple way of doing things,” said one
executive.That conversation took place eight years ago, when the
technology du jour was deep learning AI. But a year after that, a
groundbreaking advance called Transformers led to a new wave of smart
software called generative AI, which powered OpenAI’s groundbreaking
ChatGPT. In an instant, people started judging tech companies by how
aggressively they jumped on the trend. OpenAI’s rivals were quick to
act. Apple, not so much. Many of its best AI scientists had been
working on self-driving cars or its expensive mixed-reality Vision Pro
headset. In the last year or so, Apple pulled its talent from such
projects—no more autonomous cars—and instead came up with its own
gen-AI strategy. And at this week’s Worldwide Developers Conference,
Apple revealed what it was up to.
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S13
One Satellite Crash Could Upend Modern Life
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Earlier this year, two satellites from two adversarial countries
nearly collided while orbiting Earth at thousands of miles an hour.
The first, an American spacecraft on a NASA mission to study the
planet’s upper atmosphere, wasn’t built to maneuver in orbit. The
second, a Russian surveillance spacecraft, was defunct, and thus
uncontrollable. The only thing people on Earth could do was watch.
Darren McKnight, a space-debris expert, stayed up all night on
February 28, monitoring the trajectories of the satellites, which,
combined, weighed several thousand pounds. “I felt very, very
helpless,” McKnight told me.According to LeoLabs, the U.S.
space-tracking firm where McKnight works, the probability of collision
that night was somewhere between 3 and 8 percent. That may not seem so
terrible, but risk works a bit differently in the realm above Earth.
Satellite trackers like McKnight start sounding the alarm when the
probability of a crash reaches 0.001 percent; no one wants to see
whole-number or, God forbid, double-digit percentages. In the end, the
research spacecraft and the spy satellite ended up passing within just
33 feet of each other. At a recent conference, Pam Melroy, NASA’s
deputy administrator, said the near miss was “very shocking” and
“really scared us.”
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S15
Is Being a Politician the Worst Job in the World?
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On July 4th—while the U.S. celebrates its break from
Britain—voters in the United Kingdom will go to the polls and,
according to all predictions, oust the current government. The
Conservative Party has been in power for fourteen years, presiding
over serious economic decline and widespread discontent. Sixty per
cent of Britons now think that the narrow, contentious referendum to
break away from the European Union was a mistake. Yet the Labour Party
shows no inclination to reverse or even mitigate Brexit. If the
Conservatives have destroyed their reputation, why won’t Labour move
boldly to change the direction of the U.K.? Is the U.K. hopeless?
David Remnick is joined by Rory Stewart, who spent nine years as a
Conservative Member of Parliament, and now co-hosts the podcast “The
Rest Is Politics.” He left the government prior to Brexit and wrote
his best-selling memoir, “How Not to Be a Politician,” which pulls
no punches in describing the soul-crushing sham of serving in office.
“It’s not impostor syndrome,” Stewart tells Remnick. “You are
literally an impostor, and you’re literally on television all the
time claiming to understand things you don’t understand and claiming
to control things you don’t control.”© 2024 Condé Nast. All
rights reserved. The New Yorker may earn a portion of sales from
products that are purchased through our site as part of our Affiliate
Partnerships with retailers. The material on this site may not be
reproduced, distributed, transmitted, cached or otherwise used, except
with the prior written permission of Condé Nast. Ad Choices
Continued here
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S16
âShoeshineâ Marked a New Era of Political Cinema
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Though the Second World War continued in Europe through May, 1945,
Rome was liberated from Nazi occupation in June, 1944, and most of
Italy was liberated by the end of that year. Soon came a revolutionary
filmâRoberto Rossellini's "Rome, Open City"âwhich began shooting in
January, 1945, using many nonprofessional actors and filmed partly on
location. The film told a story of Italian resistance to, and
collaboration with, German forces, and of the joint personal and civic
tragedies of the occupation. It displayed Rossellini's art of dramatic
analysisâof images as embodiments of ideasâand ushered in the
movement that came to be called Italian neorealism. The film remains
powerful, although it's hard to see, now, what was revolutionary about
it. Rossellini's main accomplishment was to hold a mirrorâor, rather,
two mirrorsâto Italian society: one that looked back to the country's
recent past and another that forced the country to confront the
resulting political and moral crises of the present.Vittorio De Sica,
an actor and director, followed in the same vein with "Shoeshine,"
from 1946, which is playing at Film Forum in a new restoration. The
Italian title, "Sciuscià ," is a phonetic borrowing from the English
word, a fact that spotlights the essence of the story, which is about
the many boys who, soon after Rome's liberation, were scrounging for
cash by shining shoesâmainly the shoes of occupying American
soldiers. The central crisis faced by the two boys at the heart of the
filmâand by pretty much everyoneâis poverty, the sheer economic and
material deprivations of the immediate postwar period. But the title
of the film suggests another crisis: the effects of American
occupation, which, however welcome it was in freeing the city and the
country from Nazi tyranny, proved in other regards demoralizing and
corrupting.
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S17
Iron from Glacial Meltwater Could Supercharge Phytoplankton Growth.
What Would That Mean for the Climate?
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Researchers are investigating how an iron infusion from glacial
meltwater might change Antarctica’s seas and the climate.
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S18
We Are Closer Than Ever to Electric Flying Cars
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New electric-powered, vertical-lift aircraft are rising to the
challenge of delivering clean and cheap air taxi services
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S19
Will Taylor Swift Endorse Joe Biden in 2024?
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Swift has yet to weigh in on the 2024 election. But despite Trump’s
desperate attempts to win her over, another Biden endorsement seems
likely.
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S20
Biden Could Lose the Popular Vote and Still Win
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MAGA excitement about good Trump polls in blue states like Virginia
misses the point that the battleground map changes and so does the
electorate.
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S21
Telling new stories can help people see the value of vaccines
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Nearly nine in 10 Americans strongly believe in the overall value of
childhood vaccines. Reflecting the value communities place on them,
every state and the District of Columbia require children to get
vaccinated against certain diseases before they start school,
including measles, mumps, polio, tetanus, whooping cough, and
chickenpox.Troubling stories about outbreaks of previously eradicated
diseases like measles notwithstanding, most schools are free of
vaccine-preventable diseases. This is precisely because vaccination
requirements ensure that virtually every child’s immune system has
been prepared to recognize and resist these diseases.
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S22
NIH needs reform and restructuring, key Republican committee chairs
say
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As investigators continue to gain insight into the early days of
Covid-19, the origins of the pandemic may be still up for debate. In
addition, congressional investigations into the National Institutes of
Health have revealed that scientists have conducted, or have been
granted approval to conduct, dangerous experiments with little
oversight. And in some instances, they have been intentionally
deceptive about research being conducted with taxpayer dollars. NIH
officials have consistently resisted transparency at every stage of
various congressional inquiries.While most NIH researchers and
employees are hardworking people devoted to scientific and medical
advancements, this agency’s involvement with the now-debarred
EcoHealth Alliance and subsequent cover-up have broken the public’s
trust in the agency. It’s time to mend those wounds and rebuild the
American people’s trust in the NIH.
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S23
How to Solve the Worldâ™s Refugee Crisis
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On June 10, a boat carrying 260 Somali and Ethiopian refugees capsized
off the coast of Yemen, killing dozens. The number of dead will almost
certainly rise. It’s a tragic and underreported event that is part
of a larger trend: According to a new report from the U.N.’s refugee
agency, UNHCR, more than 7,600 people died or are missing after
attempting to cross the Mediterranean Sea over the last three years.
On June 10, a boat carrying 260 Somali and Ethiopian refugees capsized
off the coast of Yemen, killing dozens. The number of dead will almost
certainly rise. It’s a tragic and underreported event that is part
of a larger trend: According to a new report from the U.N.’s refugee
agency, UNHCR, more than 7,600 people died or are missing after
attempting to cross the Mediterranean Sea over the last three years.
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S24
Why China Is Sabotaging Ukraine
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For a moment last August, it seemed that Beijing was finally ready to
distance itself from its “no limits partnership” with Moscow. That
month, Chinese leader Xi Jinping sent his special envoy for the war in
Ukraine, Li Hui, to discuss Ukrainian President Volodymyr Zelensky’s
peace formula with diplomats from several countries, including Ukraine
and the United States. The formula calls for Russia to withdraw to
Ukraine’s 1991 borders, send its war criminals to international
tribunals, and pay reparations to Kyiv. The plan clearly represents
Kyiv’s favored conclusion to the conflict, and merely by engaging
with it, Beijing suggested that it might be ready to play hardball
with Moscow.But China’s first public participation in discussions
about that formula was also its last. On May 31, Beijing announced
that it would not be joining some 90 other countries at a June 15–16
peace summit in Switzerland to debate, based on Zelensky’s proposal,
how to end the war. The Chinese Foreign Ministry spokesperson, Mao
Ning, explained that Beijing would attend the summit only if Russia
were a participant and if any plan presented would receive a hearing.
For Ukraine, both requirements are nonstarters.
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S25
What causes multiple sclerosisâand why are women more at risk?
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But Applegate’s symptoms didn’t stop there. Lesions in her brain
caused pain all over her body. She began to experience depression,
too. “I don’t enjoy living…I don’t enjoy things anymore,”
Applegate said on the June 4 episode of her podcast, MeSsy. “It
feels really fatalistic,” she said. MS affects the central nervous
system, the brain and spinal cord. The immune system attacks sheaths
of a material called myelin that surround nerve fibers. Like
insulation on wires, myelin protects nerves and helps transmit
signals. But when myelin deteriorates, the nerve fibers underneath are
exposed. This disrupts the brain’s communication and leaves behind
lesions, which can cause a myriad of symptoms as the disease
progresses.
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S26
These destinations offer kayakers a unique adventure: underground
paddling
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Descending into a chasm on the side of an eastern Kentucky mountain
might not sound like an epic start to a kayaking expedition. Yet, here
in the heart of the Red River Gorge Geological Area, a 29,000-acre
canyon system home to sandstone arches, cliffs, and abandoned mines,
it is the best way to experience water without the crowds. Our
guide, JP Stamper, leads down into a chilly cavern with a life jacket,
helmet, and paddle in hand. Flashlights flicker on as we navigate
around icy water cascading from the mine’s ceiling, 40 feet above.
Venturing deep underground on water might seem daunting to some, but
there’s an overwhelming sense of calm that accompanies floating over
still water, in surreal silence.
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S27
Microrobots Made Of Algae Carry Chemo Directly To Lung Tumors
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Our biohybrid microrobot – called algae-NP(DOX)-robot– combines
microscopic, live green microalgae commonly used in pharmaceuticals,
Chlamydomonas reinhardtii, with nanoparticles coated with red blood
cell membranes. The cell membranes act as a natural “camouflage”
to enhance the microrobot’s biocompatibility and prevent it from
being attacked by the patient’s immune system. Within the
nanoparticles is a common type of chemotherapy drug called
doxorubicin.We tested our algae-based microrobots in mice with lung
metastases. By administering these algae-based microrobots through the
trachea, we could transport the drug directly into the lungs and
minimize side effects to other organs. Once in the lungs, our
algae-based microrobot could swim and distribute the drug across lung
tissue. It could also evade destruction by immune cells in the lungs,
allowing the drug to be gradually released from the nanoparticles.
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S28
The $20 Billion Treasures of the San José Wreck Will Soon Be Saved
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Of all shipwrecks throughout history, one stands out for its
sought-after treasures — sitting at the bottom of the Caribbean Sea,
the San José galleon contains an estimated $20 billion worth of gold,
silver, and emeralds and is aptly dubbed the "holy grail" of
shipwrecks. For years, multiple parties have coveted its treasures,
becoming embroiled in disputes over ownership of the sunken ship. As
new developments unfold — such as a recent pledge by the Colombian
government to retrieve parts of the ship and its goods — historians
have taken this opportunity to revisit the galleon’s war-torn past.
In doing so, they hope to learn about the stories of the San José's
passengers who perished back in 1708.
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S29
Did rock art spread from one place or was it invented many times?
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Rock art is a truly global phenomenon, with discoveries of cave
paintings and etchings on every continent that ancient humans
inhabited – but how many times was it invented over human history?
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S30
Hybrid design could make nuclear fusion reactors more efficient
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Two types of fusion reactor called tokamaks and stellarators both have
drawbacks – but a new design combining parts from both could offer
the best of both worlds
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S31
Map: The Worldâ™s Oldest and Youngest Countries, by Median Age
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The median age is a single indicator of population's age, useful for
policy planning for the world’s oldest and youngest countries.
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S32
Visualizing the Market Share of U.S. Soft Drinks
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In this graphic, we visualize the change in market share of U.S.
carbonated soft drinks between 1995 and 2023.
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S33
Ask Ethan: Is the Universe finite or infinite?
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Whenever we look out at the Universe, no matter how powerful our tools
or how clever our techniques, there’s always a limit to what we’re
capable of observing. No photons, or quanta of light, can be seen
beyond the cosmic microwave background: a curtain of light that marks
the first formation of stable, neutral atoms, occurring 380,000 years
after the hot Big Bang. Prior to that, there is a neutrino signature
— the cosmic neutrino background — that was emitted just 1 second
after the hot Big Bang, and a theorized gravitational wave background,
generated by the inflationary phase that set up and preceded the hot
Big Bang, that is potentially detectable as well.But all of these
signals are fundamentally limited: by the amount of time they’ve
been propagating and the fundamental limit at which an
information-carrying signal can travel: the speed of light in a
vacuum. That sets the ultimate limit of what’s in our observable
Universe, and whatever part is unobservable, beyond that, can only be
inferred, not directly measured. So what does that mean for the big
question of whether the Universe, as a whole, is finite or infinite?
That’s what our anonymous question-asker sent in this week,
inquiring:
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S34
How the 3 stages of the "redemption arc" can enrich our daily work
lives
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Picture your best friend — the one who’s in the pictures in your
house. This is the friend who was there at your wedding, your 18th
birthday, or when your dad died. Most people have a good friend like
this. Imagine that this friend cheats on their spouse. Or, perhaps
worse, let’s say they’re found guilty of murder. They’ve done
something horrible or criminal. Are they your friend still? Do you
disown and discard them? Have you ever, in your mind, decided how far
your friendship with that person will stretch?Everyone makes mistakes.
Making mistakes is an important part of learning and growing. Some
mistakes are, of course, more serious than others. When someone does
something wrong, we each have to decide if that misdeed qualifies for
redemption. If so, we must determine the necessary criteria for
granting redemption.
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S35
Everyday Philosophy: The religious belief underlying our disgust with
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“Why, in some countries, is eating someone’s corpse a way to honor
the dead while in others it is unthinkable?”One of my favorite
pieces of peculiar trivia is about eating bacon. I prefer to use it
with people I’ve only just met, but anytime will do. Just as I’m
about to bite into a greasy mouthful, I’ll look my company in the
eyes and say, “Did you know that pork is the closest meat to human
flesh we all commonly eat?” Often, I’m met with an awkward laugh,
at which point I’ll carry on. “Yeah, it used to be that certain
Fijians cannibals called humans ‘long pigs.’”
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S36
Period myths that "just need to die"
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Humans don’t have pheromones, women’s periods do not sync up with
one another, and there’s no scientific evidence that a menstrual
cycle lasts 28 days. OB-GYN and health communicator Dr. Jen Gunter
explains.There have been many misconceptions about women’s health in
recent decades, resulting in a widespread lack of proper education on
menstrual science. According to Gunter, this can be incredibly
harmful, as it perpetuates myths, leads to misunderstandings about
normal menstrual health, and prevents people from advocating for
themselves effectively.
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S37
Music as medicine: The therapeutic potential of sound
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Imagine that you just had a terrible day at work. On the commute home,
you turn on some music. It’s an old song, one you haven’t heard in
years but once bookmarked a meaningful chapter in your life. You turn
up the volume and the hassles of the day fade away. The song
crescendos. On your arms, you feel goosebumps (also called
“frisson” or “aesthetic chills”), a phenomenon that, despite
being a common reaction to music and other stimuli, has no immediately
obvious evolutionary explanation. And as the next song starts,
you’re already in a better mood.Music can move us deeply. But
besides nudging us to move to the beat or sparking emotional
reactions, how exactly does music affect us? What does science have to
say about the prospect of using music as a therapy, and what insights
can musicians themselves offer when it comes to designing good
studies?
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S38
Tempus AI IPO: Shares Begin Trading, and More IPOs Are on the Way
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When shares of Tempus AI began trading Friday, it was familiar
territory for founder Eric Lefkofsky. The IPO of the genetics testing
and medical data firm marked the fourth time the serial entrepreneur
has taken a company public. Tempus shares intially shot up quickly
by more than 12 percent to more than $41 a share once trading began
around midday, as investors looked for alternate ways to invest in the
artificial intelligence boom jumped on board the company. Tempus
priced at the top of its expected $35 to $37 range, raising over $410
million and resulting in a valuation of $6.1 billion.
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S39
Founder of ADHD Startup Done Global Arrested for Fraud
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Ruthia He, the founder of ADHD-focused telehealth company Done Global,
has been arrested and charged with fraud along with the San
Francisco-based company's head doctor. In the indictment, the
U.S. Department of Justice alleges that He and David Brody provided
easy access to Adderall and other stimulants to people who may not
have medically needed them, a scheme that "generated over $100 million
in revenue by arranging for the prescription of over 40 million
pills." (Done Global did not reply to Inc.'s request for comment.)The
indictment, which the DOJ says is its first criminal drug distribution
prosecution against a telehealth company dealing in controlled
substances, alleges that He and Brody spent millions on "deceptive"
social media ads, targeted at those seeking ADHD drugs. Once customers
had signed up for a monthly subscription, Done's prescribers were
instructed to "prescribe Adderall and other stimulants even if the
Done member did not qualify," the department claims.
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S40
3 Ways to Get Venture Capital's Attention
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If you're like most founders with a big idea, you will need
significant funding to bring it to life. That means you're probably
contemplating raising venture capital. Raising VC funds might be
one of the most challenging hurdles in your company's early life. This
is especially true given the state of VC funding in 2024.There is no
silver bullet to ensure you'll receive VC funds. You'll need assets to
attract VC attention. From there, simplicity and clarity are critical
to helping you catch VC interest, make it through their process, and
receive funding. Importantly, you'll need a large market where your
company can grow to a sizable value.
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S41
Global Trust in U.S. Companies Is... Mixed
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A recently published report by public relations consultancy Edelman,
which included responses from 32,000 people across 28 countries,
evaluated the factors that affect the public's trust in businesses,
particularly when it comes to introducing new innovations. On average,
just over half of respondents from other countries said they trusted
companies headquartered in the U.S.That varied significantly by
region, though: 60 percent of respondents from Asia said they trusted
companies headquartered in the U.S., while just 44 percent of European
respondents indicated trust in U.S.-based companies.
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S42
I Was Exhausted, Overwhelmed, and on the Verge of Burnout. Then I Hit
the Figurative 'Do Not Disrupt Button' on My Life
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Behind the glossy mask of social media, the true stories of
entrepreneurs are often far more complex -- and far more inspiring. As
a female business owner who has weathered both dizzying highs and
profound lows, I've learned that the path to lasting success requires
more than just external achievements.My journey over the past few
years has been a rollercoaster ride -- one minute, I was celebrating
one milestone after another as my company continued to grow, and the
next I was faced with the loss of a major customer, rebuilding my
team, property loss from a major storm, and constant travel. I was
often on the verge of burnout, exhausted, and overwhelmed. Despite my
outward prosperity, I struggled to find the space to truly rest and
recharge.
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S43
Abercrombie & Fitch Finds New Life, and Success, with Total Brand
Makeover [[link removed]}&lead=419599&emailid=18011&nl=daily]
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Abercrombie & Fitch has gone through many business revamps and
reinventions in its 132-year history. But it's only now enjoying
what's arguably its most successful incarnation ever, with spiking
sales and resurgent share prices.The company was founded in 1892 as a
retailer specializing in camping, hunting, and other outdoor gear,
before morphing into a department store and finally setting its
current course as a clothes retailer. Today, Abercrombie &
Fitch is reaping the fruits of a total rebranding of the
company, its fashions, and reputation, and celebrating that with
record sales driven by younger shoppers flocking to it.
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S44
How Monogram Is Using AI to Help Empower Incarcerated Youth
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Attorneys, judges, and even individuals who are incarcerated can now
access the latest neuroscience and social science research at their
own reading comprehension level, with the help of design engineering
agency Monogram (No. 589 on 2023's Inc. 5000 list). The Alpharetta,
Georgia-based startup teamed up with the Center for Law, Brain &
Behavior (CLBB) NeuroLaw Library at Massachusetts General Hospital,
which is a Harvard Medical School teaching hospital, to create an
AI-powered digital library. The resource is intended to democratize
information on adolescent brains and behavior in hopes that it will be
a valuable resource for people caught up in, or working in, the
juvenile justice system."We're using AI to help Harvard get this
information out to as many people as possible," Monogram co-founder
and managing director DJ Patel says. "And if we can get even one
person out of jail that doesn't need to be in jail, we've won."
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S45
'It's a Scam.' Accusations of Mass Non-Payment Grow Against Scale AI's
Subsidiary, Outlier AI
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In February, Emilie Friedlander, a journalist in New York, received a
LinkedIn message advertising a new job with the potential to "earn up
to $40 an hour ($1,600 per week) while teaching AI models how to
write."Â Over the ensuing weeks, Friedlander received three more
recruiting messages on LinkedIn from Outlier. The pitches seemed
automated, Friedlander explains, and they appeared with a "sponsored"
tag wedged between the sender's name and the body of the text. The pay
rates were different in every message: First $21 per hour, then $40
per hour. Then, finally, back down to $25 per hour.Â
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S46
Why Are the Boston Celtics So Good? They Keep Quoting This Stanford
Psychologist's 2006 Book
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Someone with a fixed mindset might conclude that Einstein was simply
one of the most brilliant people to walk the planet. But someone with
a growth mindset might conclude that yes, he had innate intelligence,
but what mattered much more was how he learned to solve
extraordinarily complicated problems.Importantly, Dweck suggests that
many individual people might not know on their own whether they've
adopted a fixed mindset or a growth mindset. But, she says that their
reaction to failure is a good barometer.Â
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S47
Jensen Huang, Nvidia CEO, Just Gave Caltech Grads Great Advice--and a
Good Taylor Swift Pun
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From behind a white and orange podium emblazoned with the California
Institute of Technology's seal, the founder and CEO of the computer
chip giant --Â which recently surpassed Apple as America's second
most valuable public company -- gave a keynote that touched
on his long journey to success, the importance of patience, and the
lessons that can be learned from failure."The world is uncertain ...
and the world can be unfair and deal you with tough cards," Huang said
at one point, wearing a black and yellow robe as he addressed
Caltech's 2024 graduating class. But, he added: "Swiftly, shake it
off."
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S48
Learning to Delegate as a First-Time Manager
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Learning how to delegate well is a skill every first-time manager
needs to learn from the very start. Many people are promoted into
management for doing their previous job well. But once you’re
promoted into a leadership role, you must accept that you can’t do
everything on your own — nor should you. Though it may seem
counterintuitive, the more senior you become in an organization, the
less you’ll be involved in doing the day-to-day work. You’ll need
to have a sense of what’s happening without directly contributing to
every project. To do that, you first have to change your mindset from
“doing” to “managing,” even though it might feel
uncomfortable. If you resist this change, you’ll likely end up
overwhelmed and (unintentionally) holding onto opportunities that
could be given to your team.
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S49
Research: The Most Common DEI Practices Actually Undermine Diversity
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While companies say they champion diversity, there are glaring
disparities in diverse representation within managerial ranks. The
authors examine the impact of various management practices on diverse
representation in managerial roles and how often each management
practice is utilized in organizations, shedding light on why
organizations are not making greater progress toward diverse
representation. Despite not working well for attaining diverse
representation, diversity training is widely used in organizations. In
contrast, formal mentoring programs and targeted recruitment are
effective for increasing diverse representation but are underused.
Indeed, the relationship between how often management practices are
implemented in organizations and their effectiveness in attaining
diverse representation is negative and strong. This article breaks
down the practices organizations should utilize to achieve diverse
representation, underscoring the need to shift toward practices that
increase diverse representation in management.
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S50
How to Get Results Quickly After a Merger or Acquisition
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Delayed and ineffective commercial integration can turn a good deal
into a loser, because sales growth ultimately determines whether a
merger achieves its value-creation goals. To create value, mergers
need top-line gains: More sales to more customers, expansion into new
territories or market adjacencies, new products and services to sell
to existing customers. But compared to other areas of post-merger
activity, the commercial engine starts late, operates uncertainly, and
often runs out of gas before reaching its goals. With M&A activity
picking up and high interest rates making delay costlier, it’s more
important than ever that private equity and corporate acquirers leave
the deal table with underwriteable, ready-to-go plans to make deals
pay off through growth — and carry those plans out quickly.
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