The top stories being read around the world right now!
From the Editor's Desk
What's behind the stock market's brutal 2-day crash? - Fortune (No paywall) One factor experts say likely wasn’t at play? Steep losses from mega-cap names, Hatfield added, were likely not a big driver of the market dip. Intel shares plunged 26% after the company reported a big earnings miss and announced mass layoffs, while Amazon’s stock fell 9% after a disappointing earnings call. But Apple, America’s largest company, emerged from Friday’s session slightly up.
© 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Continued here
TradeBriefs: Newsletters for Decision-Makers!
|
WorkTrump gave patients a 'right to try.' It hasn't helped them - STAT (No paywall)
 As Donald Trump seeks a second presidential term, front and center among the achievements he’s touting is the federal Right to Try law he signed in 2018. It was intended to let people who are terminally ill try experimental treatments when there were no approved options and they couldn’t participate in clinical trials. Over the six years of its existence, the law has not lived up to that promise. Work
WorkWorkA glimpse into the misunderstood history of geisha - Culture (No paywall)
Since 2021, Japan has been grappling with how to handle skyrocketing numbers of overseas tourists—some 25 million in 2023 and 11.6 million in the first four months of 2024 alone. Many of them travel to the country's second most popular destination (behind Tokyo), Kyoto, hoping to catch a glimpse of the iconic entertainers.
WorkWork
WorkWhat is going wrong for Intel? - The Economist (No paywall)
THE MARKET reaction was brutal. On August 1st Intel released a dismal set of results. The semiconductor giant’s sales were down by 1%, year on year, and the company declared a net loss of $1.6bn, compared with a profit of $1.5bn in the same period in 2023. “Our costs are too high, our margins are too low,” wrote Pat Gelsinger, its chief executive, in a note to employees. As a consequence, Intel plans to slash 15,000 jobs and to suspend dividends, which it has paid since 1992. Since the results were published its share price has plunged by nearly 30%. WorkSome Germans think the hostage exchange with Russia was a dirty deal - The Economist (No paywall)
AGREEING TO free a convicted murderer was “not easy” said Olaf Scholz, Germany’s chancellor, with typical understatement. Germany would probably have preferred to play no role in the complex, multi-country deal that saw the release of Evan Gershkovich, a Wall Street Journal reporter, and 15 other prisoners from Russian and Belarusian jails. But it could not remain aloof, because Vladimir Putin was adamant about securing the release from German captivity of Vadim Krasikov, a hitman who in 2019 was sent by Russian security services to murder a Chechen exile in Berlin. Yesterday, after serving less than three years of a life sentence that he was given by a Berlin court in 2021, a tracksuited Mr Krasikov was greeted on the Moscow airport tarmac with a bearhug by Mr Putin himself.
WorkGene-editing drugs are moving from lab to clinic at lightning speed - The Economist (No paywall)
One autumn day in 2020 Patrick Doherty was walking his dog up a steep mountain in County Donegal, Ireland, when he noticed he was, unusually for him, running out of breath. The eventual diagnosis was terrifying: amyloidosis, a rare genetic disease that caused a protein, amyloid, to build up in his organs and tissues. The prognosis was even worse: it would cause him years of pain until it finally killed him. In the face of such terrible fortune, though, Mr Doherty had a stroke of luck. He was able to join a trial of a new medical therapy and, with just a single injection, was apparently cured. Now, he continues to walk his dog up that steep mountain in County Donegal every week. Work
WorkWork
WorkWorkACL tears in women: Too many injuries and too little research - STAT (No paywall)
Some of the world’s finest athletes were sidelined by a torn anterior cruciate ligament (the ligament that helps stabilize the knee joint) long before the torch was lit for the Paris Olympics. The list of women competitors with ACL tears is stunning. Basketball player Cameron Brink, rugby medalist Shiray Kaka, gymnast Asia D’Amato, and several other athletes will not be competing because of this all-too-common, season-ending, and potentially career-ruining injury.
WorkModerna is still in a Covid hangover - STAT (No paywall)
The Food and Drug Administration has approved a T cell immunotherapy from Adaptimmune Therapeutics for a rare cancer that arises in the body’s soft tissues, extending the power of immunotherapies to difficult-to-reach sarcomas. WorkAre You a Micromanager or Too Hands-Off? - Harvard Business Review (No paywall)
As a first-time manager, you might be unsure of how much autonomy to give your team members. The proliferation of remote and hybrid work makes striking a balance between over- and undermanaging even trickier. Without regular, in-person oversight, micromanagement has increased for some leaders while others are too hands-off, leaving their direct reports to fend for themselves. Either way, both leadership styles can result in direct reports who are frustrated, disengaged, or more likely to depart. To understand which direction you lean, ask yourself three questions: Is your main focus how you’re coming across as a leader?; Are you redoing your teams’ work all the time?; Is your team constantly missing deadlines or moving slowly? WorkWhy "Wisdom Work" Is the New "Knowledge Work" - Harvard Business Review (No paywall)
Today the workforce is getting older, and the number of younger workers in positions of senior management is growing. These two developments might appear to spell trouble, in that they seem to set the generations against one another, but the author of this article argues that in fact they represent an important opportunity: If companies can figure out how to enable the intergenerational transfer of the wisdom that comes with age and experience, they can strengthen themselves — and the workplace as a whole. WorkThe Middle Path to Innovation - Harvard Business Review (No paywall)
Too many companies are failing to innovate. One reason, say the authors, is the polarized approach companies take to innovation. At one end of the spectrum, corporate R&D efforts tend to focus on product refreshes and incremental line upgrades that generate modest growth for lower risk. At the other end, venture capitalists favor high-risk “transformational” innovations that seek to upend industries and generate outsize returns. But there’s a better, middle, way. WorkHow Biases About Motherhood Impact All Women at Work - Harvard Business Review (No paywall)
Women’s experiences as parents in the workplace are completely different from men’s. Men get a “fatherhood wage premium,” while mothers encounter a “motherhood penalty” in wages and advancement opportunities. One might think that women without children have workplace advantages on a par with their male counterparts. But they don’t. The maternal wall hinders all women’s careers, whether they plan to have children or not. WorkWorkWorkWorkClinton Kane Addresses Online Spat with Ex Brooke Schofield
The public back-and-forth between exes Brooke Schofield and Clinton Kane enraptured the internet this summer, attracting tens of millions of viewers who tuned in to the mounting drama. Even Vice President Kamala Harris’s office got in on the fun, using an audio from one of Schofield’s videos to taunt Donald Trump on TikTok, and the video currently has over 21 million views. WorkWorkCan 'Green Market Makers' Speed up Clean Tech?
In 2021, I flew from Chicago to Washington D.C. on a United Airlines flight billed as the first with an engine running exclusively on sustainable aviation fuel, or SAF for short. The flight was meant to draw attention to the possibility of SAF, in this case made from recycled cooking oil, to cut aviation emissions—and a reminder that the technology works today and can be used on existing planes. WorkIntel was once a Silicon Valley leader. How did it fall so far?
The company is scrambling to shore up reserves by introducing layoffs and suspending stock dividends. But even those moves may not be enough to return the veteran tech company to its once-vaunted spot as an industry leader, especially in the face of heavy competition, particularly from rival chipmaker Nvidia. WorkThese reviled birds of prey literally save people's lives
As a young man in the 1990s, walking to school in New Delhi, Anant Sudarshan would watch the vultures perched along telephone wires, waiting for the discards of nearby leather tanning factories. So when the birds started to disappear, he couldn’t help but notice. WorkIsrael's January 6 moment
The crisis centers on grave allegations of torture: that Israeli soldiers at the Sde Teiman base in southern Israel had physically and sexually assaulted Palestinian detainees. On Monday, Israel’s military police raided the base and detained 10 soldiers believed to be responsible for the torture of one detainee. WorkMoney Talks: The Black business owners who forged a partnership in uncertain times
WorkWorkJosh Shapiro's comments about Palestinians resurface amid VP speculation
Harris is the presumptive Democratic presidential nominee after President Joe Biden ended his campaign last month following pressure from Democrats concerned about his ability to win in November. Biden faced calls to step aside following his debate with Donald Trump in June, which brought concerns about his age and polls showing the president trailing in key battleground states. WorkWorkWorkWorkTime travel sci-fi novel is a rip-roaringly good thought experiment - New Scientist (No paywall)
The Other Valley by Scott Alexander Howard is an unusual and deeply enjoyable time travel novel. It was published early this year, and sadly I didn’t review it then for the simple reason that I had no idea it existed. Fortunately, now that I have had it recommended to me and have actually read it, I have special permission from my editor at New Scientist to travel back in time and celebrate its publication. WorkAre horses in equestrian sports being harmed by bending their necks? - New Scientist (No paywall)
During the Olympic equestrian events of dressage, horses display dance-like steps that demand high levels of muscular strength and control across the animals’ bodies and legs. But at the 2024 Olympics in Paris, there has been more focus on the position of the horses’ heads. On 27 July, Brazilian rider Carlos Parro was issued a warning for actions during a warm-up session that “could have caused unnecessary discomfort to the horse”, according to a statement by the governing body of the sport, the International Federation for Equestrian Sports (FEI). WorkMake History With Citizen Science - Discover Magazine (No paywall)
Citizen science can be a time machine, with projects that transport you to the past through fragile photographs, ancient artifacts, and hand-written records. In some cases, these items tell stories, filling in missing pieces of our history. Sometimes they hold secrets that may prove to be vital to our future. Why not make some history with this selection of engrossing, time- tripping projects? WorkWorkWorkHospital-Acquired Infections Are Rising - Here's How To Protect Yourself - Discover Magazine (No paywall)
A new study from the National Institutes of Health shows a jump in both hospital-acquired infections and resistance to the antibiotics used to treat them. The findings are based on data gathered at 120 U.S. hospitals from January 2018 to December 2022, a five-year period that included the COVID-19 pandemic. Dr. Nasia Safdar, a professor of infectious medicine at the University of Wisconsin-Madison, discusses why infection rates have gone up and how you can protect yourself as a hospital patient or visiting family member. WorkPlea deal for accused 9/11 plotters revoked by Pentagon chief Lloyd Austin
The US military commission overseeing the cases of five defendants in the 9/11 attacks have been stuck in pre-trial hearings and other preliminary court action since 2008. The torture that the defendants underwent while in CIA custody has slowed the cases and left the prospect of full trials and verdicts still uncertain, in part because of the inadmissibility of evidence linked to the torture. WorkWorkWhy fear is sweeping markets everywhere - The Economist (No paywall)
How quickly the mood turns. Barely a fortnight ago stockmarkets were on a seemingly unstoppable bull run, after months of hitting new all-time highs. Now they are in free fall. America’s Nasdaq 100 index, dominated by the tech giants that were at the heart of the boom, has fallen by more than 10% since a peak in mid-July. Japan’s benchmark Topix index has clocked losses well into the double digits, dropping by 6% on August 2nd alone—its worst day since 2016 and, following a 3% decline on August 1st, its worst two-day streak since 2011. Share prices elsewhere have not been bludgeoned quite so badly, but panic is sweeping through markets (see chart 1). Wall Street’s “fear gauge”, the VIX index, which measures expected volatility through the prices traders pay to protect themselves from it, has rocketed to its highest since America’s regional-banking crisis last year (see chart 2). WorkWorkThe Insidious Scrutiny of Female Athletes' Bodies
It has been a phenomenal 2024 Olympics so far for women in sport. Simone Biles became the most decorated American Olympic gymnast while Katie Ledecky became the most decorated female swimmer in Olympic history. The U.S. women’s rugby team won an improbable bronze medal with a miracle play in the last seconds of the game. We’ve seen a 58-year-old woman, Chile’s Zeng Zhiying, compete in table tennis and Egypt’s Nada Hafez compete while seven months pregnant in fencing. WorkWorkWorkWorkWorkPrediction: These 3 Stocks Will Soar If Kamala Harris Wins in November
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool\'s board of directors. Keith Speights has positions in Amazon, Brookfield Renewable, and Brookfield Renewable Partners. The Motley Fool has positions in and recommends Amazon, Brookfield Renewable, and Trulieve Cannabis. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy. |
TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us | Advertise Privacy Policy | Unsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
