From TradeBriefs <[email protected]>
Subject Aug 7, 2024 - Venezuela's Strongman Was Confident of Victory. Then Came the Shock.
Date August 7, 2024 4:31 AM
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-------------------------

The top stories being read around the world right now!

From the Editor's Desk

The 6 Disciplines Companies Need to Get the Most Out of Gen AI

Some observers are beginning to question whether gen AI will produce
enough value to exceed its costs. It can, but extracting economic
value from gen AI requires several different types of disciplined
capabilities. Unfortunately, most companies lack these. The good news
is they can develop them. Specifically, companies should invest in
behavioral change, controlled experimentation, measurement of business
value, data management, human capital development, and systems
thinking. Once these capabilities are in place, companies should focus
on picking the right projects for gen AI. They should do this by 1)
funding the responsible rebels, 2) choosing projects that are quick,
practical wins, and 3) linking those projects to the company’s
identity.

Continued here
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Work

Venezuela's Strongman Was Confident of Victory. Then Came the Shock.
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“We were betrayed, because they said they were going to vote for
Maduro and what did they do? They voted for the lady,” said a ruling
party activist in Maracaibo, Venezuela’s second largest city,
speaking anonymously for fear of retribution.

Work

An OpenAI co-founder is leaving to join a rival startup founded by
ex-OpenAI engineers
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The executive shakeup came less than a day after Tesla CEO and xAI
founder Elon Musk revived his lawsuit against OpenAI, which he helped
launch and fund. The lawsuit accused Altman and Brockman of
“manipulating” Musk and “deceit of Shakespearean proportions.”















Work

Kamala Harris Says Rebuilding The Middle Class Is A Top Priority -
Here's The Investment Strategy She Believes Will Make It Happen
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The middle class has changed through the years. Though the percentage
of Americans in middle-class households declined compared to 1971,
more families have moved up the income ladder. However, middle-class
income growth has trailed upper-income families for quite a long time.
This slow growth has led to financial anxiety, particularly among
those struggling to afford homes and college education for their
children.

Work

Bush Administration Lawyer Whose Wife Was Killed on 9/11 Supports Plea
Deal
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His wife, Barbara K. Olson, 45, a conservative legal analyst, was a
passenger on American Airlines Flight 77 and on her way to Los Angeles
for a television appearance when the plane was flown into the Pentagon
in the Sept. 11 attacks.














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Arizona Grand Jury Wanted to Indict Trump in Fake Electors Case
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Though Mr. Trump was never charged in the case and his name did not
appear in the 58-page indictment, he was mentioned several times as
Unindicted Co-Conspirator 1, described as “a former president of the
United States who spread false claims of election fraud following the
2020 election.”

Work

Choice of Walz Over Shapiro Mollifies the Left but Misses Chance to
Reassure Jews
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Nathan Diament, executive director of public policy for the Union of
Orthodox Jewish Congregations of America, conceded there were
“scores of reasons” why the vice president might have chosen
someone other than Mr. Shapiro that had nothing to do with the
campaign that the pro-Palestinian left had been waging against him.














Work

Walz Grew Up in Rural Nebraska, Where Finding a Date 'Was Kind of a
Problem'
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“Walz has an ability to make us all want to fall in love with our
politics again because he believes in the reality of being in politics
to change people’s lives,” Ms. Kleeb said. “Rural America is
having our moment being represented on the national stage with heart,
joy and showing the nation what it means to care about our
neighbors.”

Work

5 Key Reasons That Kamala Harris Picked Tim Walz
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The American Federation of Teachers, a powerful broker in Democratic
politics, last month became the first labor union to endorse Ms.
Harris. And the National Education Association, the largest labor
union in the country, announced its support for the Democratic ticket
on Tuesday after Mr. Walz’s selection was revealed.














Work

American Airlines says summer is over
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“I think one of the things that I look at is that maintenance needs
for the industry as a whole are going to increase, increase
greatly,” he said. “American is really well positioned, not only
because of what we’ve done over the past decade by bringing in more
new aircraft than anyone… We already have 12,000 mechanics, more
than anybody else in commercial aviation, and we’re going to put
them to good use.”

Work

Saudi Arabia keeps pouring money into an unprofitable California EV
startup
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Rawlinson has high hopes for the Gravity, saying it could reach a
potential market six times larger than the Air because of Americans’
affinity for crossovers. Pre-production Gravities just started rolling
off Lucid’s production line in Arizona on July 31.














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Cancer screening is $43 billion business in the U.S.
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“While colonoscopy does have high costs at the time of screening, it
can result in significant cost-saving downstream since colorectal
cancer has the second-highest treatment cost of any cancer,” the
American Gastroenterological Association said, in a statement about
the study.

Work

What could Google monopoly ruling mean for you?
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"For example, the EU is going further with its recent Digital Markets
Act that forces even Google’s own Android phones to present users
with a 'choice screen' that lets the user choose one’s preferred
search engine when setting up the phone.














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Harris and Walz make Trump focus at Democratic ticket's first rally
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"I launched my campaign for the President of the United States a mere
two weeks ago, and it's been a bit of a whirlwind," Harris said at the
Philadelphia rally, acknowledging the turbocharged timeline on which
her campaign has been operating. "Now we got some work to do. We need
to move to the general election, and win that."

Work

Rivian tops Wall Street's second-quarter expectations amid cost cuts
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Rivian, which is still losing thousands of dollars for every vehicle
it makes, has been focused on reducing costs. Rivian CEO RJ Scaringe
said in June that efficiencies earlier this year in products and
manufacturing are expected to lead to 20% material cost reductions in
its current vehicles, followed by 45% targeted reductions in its
upcoming "R2" vehicles, which are projected to begin production in
early 2026.














Work

Anti-gambling advocates refuse to sign 'ridiculous' NDAs for Labor
briefing on betting ads
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In Australia, Gambling Help Online is available on 1800 858 858. The
National Debt Helpline is at 1800 007 007. In the UK, support for
problem gambling can be found via the NHS National Problem Gambling
Clinic on 020 7381 7722, or GamCare on 0808 8020 133. In the US, call
the National Council on Problem Gambling at 800-GAMBLER or text 800GAM

Work

Watchdog bans Gemma Collins advert promoting headset to treat
depression
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In the UK, the charity Mind is available on 0300 123 3393 and
Childline on 0800 1111. In the US, call or text Mental Health America
at 988 or chat 988lifeline.org. In Australia, support is available at
Beyond Blue on 1300 22 4636, Lifeline on 13 11 14, and at MensLine on
1300 789 978













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'I feel ecstatic': Harris and VP pick Tim Walz fire up Philadelphia
rally-goers
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"We are on the cusp of electing our vice-president Kamala Harris to be
the 47th president of the United States," Parker said as the crowd
erupted. "Don't let Trump the trickster take our eyes off the prize."

Work

Nearly a decade before co-founding Cohere, Nick Frosst thought he was
late to AI
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“I don’t think we’re gonna get to artificial general
intelligence. I don’t think we’re gonna get to super intelligence.
I don’t think we’re gonna have digital gods anywhere, anytime
soon,” Frosst said. “I think more and more people are kind of
coming to that realization, saying this technology is incredible,
it’s super powerful, super useful, [but] it’s not a digital god.
That requires adjusting how you’re thinking about the technology.”

Work

Who cut the plant-based cheese? Plonts did with microbes, and it's
stinky | TechCrunch %
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Many industries that rely on legacy energy sources are aiming to
electrify or at least streamline their operations, but for countless
use cases, the tech just isn’t there. H3X is changing the game with
electric motors so compact and efficient that the aerospace and marine
world — not to mention…

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Elon Musk's X sues advertisers over alleged 'massive advertiser
boycott' after Twitter takeover
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“Unilever, and Unilever alone, controls our advertising spending,”
said prepared written remarks by Herrish Patel, president of Unilever
USA. “No platform has a right to our advertising dollar.”

Work

If You'd Invested $5,000 in Apple Stock 5 Years Ago, Here's How Much
You'd Have Today
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Stock Advisor provides investors with an easy-to-follow blueprint for
success, including guidance on building a portfolio, regular updates
from analysts, and two new stock picks each month. The Stock
Advisor service has more than quadrupled the return of S&P 500 since
2002*.

Work

Super Micro's Weak Profit Fuels AI Server Margin Anxieties
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Super Micro also announced a 10-for-1 stock split, with trading
beginning Oct. 1. The shares have more than doubled in value this year
and been added to the S&P 500 and Nasdaq 100 indexes following
increased demand for servers. Still, the stock has declined about 48%
from a peak in March.

Work

Rivian reports mixed Q2 results but maintains outlook, still sees
'modest gross profit' by year-end
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"The lead program for this joint venture is expected to be our R2
platform with an expected start of production during the first half of
2026," Rivian said in its Q2 report. "While the zonal electrical
architecture and core software technology developed in the joint
venture will be common across vehicle programs, R2 and other Rivian
vehicles will continue to have Rivian's highly differentiated user
experience and interface and will benefit from our vertically
integrated propulsion, high voltage, and autonomous driving systems."

Work

Intel's Stock has Slumped 27%. Here's Why It Remains a Buy in the
Second Half of 2024
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Dani Cook has no position in any of the stocks mentioned. The Motley
Fool has positions in and recommends Advanced Micro Devices, Nvidia,
and Taiwan Semiconductor Manufacturing. The Motley Fool recommends
Intel and recommends the following options: long January 2025 $45
calls on Intel and short August 2024 $35 calls on Intel. The Motley
Fool has a disclosure policy.

Work

Intel Is Forced To Take Bolder Action To Make Its Turnaround Happen
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On Thursday, Intel Corporation (NASDAQ: INTC) delivered a few bad news
with its second quarter earnings. Missing analyst estimates across the
board, Intel also provided a weak guidance as second-half of the year
seems to be more challenging than previously expected. Intels
disappointing report brought down other chip stock, including NVIDIA
Corporation (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing Company
(NYSE: TSM) and ASML Holding (NASDAQ: ASML). A Disappointing Second
Quarter Performan

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Why Lumen Technologies Stock Is Skyrocketing Today
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Citigroup is an advertising partner of The Ascent, a Motley Fool
company. Keith Noonan has no position in any of the stocks mentioned.
The Motley Fool has positions in and recommends Microsoft. The Motley
Fool recommends the following options: long January 2026 $395 calls on
Microsoft and short January 2026 $405 calls on Microsoft. The Motley
Fool has a disclosure policy.

Work

3 Dividend Stocks to Double Up on Right Now
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[[link removed]}&lead=419599&emailid=45924&nl=daily]  
[[link removed]}&lead=419599&emailid=45924&nl=daily]
Stock Advisor provides investors with an easy-to-follow blueprint for
success, including guidance on building a portfolio, regular updates
from analysts, and two new stock picks each month. The Stock
Advisor service has more than quadrupled the return of S&P 500 since
2002*.

Work

Why Tim Walz' record on Covid-19 will be a hot-button issue in 2024
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Sarah Owermohle reports on the administration’s health care
initiatives, federal health policy, and its intersection with politics
and the courts. She joined STAT in 2022 after covering health policy
at Politico. She is also the co-author of the free, twice-weekly D.C.
Diagnosis newsletter.

Work

Tim Walz stood up to corporate health care. Mayo Clinic was a powerful
exception
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Bob Herman covers health insurance, government programs, hospitals,
physicians, and other providers — reporting on how money influences
those businesses and shapes what we all pay for care. He is also the
author of the Health Care Inc. newsletter.

Work

FDA's digital health advisory committee takes shape, and a critique of
cost-effectiveness studies
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In their analysis, authors suggest that structural factors could limit
the demonstrated cost-savings and quality-adjusted life years for
certain marginalized populations, making interventions seem less
effective. Read more, and let me know what you think. 

Work

Harris' running mate, Minnesota Governor Tim Walz, boasts progressive
health care record
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   [[link removed]}&lead=419599&emailid=45924&nl=daily]
Sarah Owermohle reports on the administration’s health care
initiatives, federal health policy, and its intersection with politics
and the courts. She joined STAT in 2022 after covering health policy
at Politico. She is also the co-author of the free, twice-weekly D.C.
Diagnosis newsletter.

Work

The exclusive biotech stories you need to read
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The therapy, called Roctavian, has been a commercial flop due to the
complexity of administering a gene therapy and the reluctance of
patients to switch from very effective chronic treatments. Under the
new marketing plan, the company anticipates reducing Roctavian-related
expenses to $60 million per year by 2025 and for the therapy to become
profitable by the end of 2025.

Work

Pharmalittle: We're reading about a canceled Roche trial, low VC
biotech funding, and more
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Roche abruptly cancelled a trial of a drug for a rare genetic
disorder, stunning parents of children enrolled in the study, as well
as the academic researchers running it.

Work

In Walz, Harris Sees a Battleground Strategy Dressed in Carhartt
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In other words, Democrats hope that “Brat summer,” the lime green,
pop-culture meme for Ms. Harris’s campaign, can translate into the
kind of brat summer that evokes a staple of Midwest barbecues.

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What Minnesota Voters Think of Tim Walz
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But it may also be the case that a nice-guy candidate — even one
whom voters could imagine having a beer with — has limited power to
charm nowadays, when hot tempers and invective seem to be the rule.

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F.B.I. Seizes Republican Lawmaker's Phone Amid Scrutiny Over Loan
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Justice Department policy prohibits federal prosecutors and agents
from choosing the timing of “any action, including investigative
steps, criminal charges or statements, for the purpose of affecting
any election.”

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Harris and Walz Make Their National Entrance Before Upbeat Democrats
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In short order, Ms. Harris’s emergence as the nominee has
transformed what had been a Democratic Party depressed by the prospect
of scrounging up votes for an unpopular 81-year-old candidate. Instead
the party has revived itself behind Ms. Harris, who has injected new
hope into her party heading into the highly competitive homestretch of
the election.

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Trump Says Elon Musk Will Interview Him on Monday
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After the Jan. 6, 2021, Capitol attack, while the company was still
known as Twitter and under its previous ownership, Mr. Trump’s
account, which he had used to reach tens of millions of followers
during his presidency, was permanently suspended. Under Mr. Musk’s
ownership, the company reinstated him.

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Trump Campaign Criticizes Walz for State Law Providing Tampons in
Schools
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Mr. Walz made significant efforts to protect the rights of L.G.B.T.Q.
people in Minnesota as governor, and was an early supporter of gay
rights going as far back as his time as a high school teacher in the
1990s. Mr. Walz signed a bill last year designating Minnesota as a
legal refuge for transgender people.

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Justice Dept. Charges Pakistani Man in Alleged Plot to Kill U.S.
Leaders
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U.S. intelligence agencies were tracking a potential Iranian
assassination plot against Mr. Trump in the weeks before the
assassination attempt that prompted the Secret Service to enhance
security for the former president before his outdoor campaign rally in
Pennsylvania. It is not clear if the scheme made public on Tuesday
precipitated those moves.

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Trump's Plan for Attacking Tim Walz: Paint Him as a Bernie Sanders
Liberal
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The Trump team came to see Gov. Tim Walz of Minnesota as the safer
choice for Ms. Harris if she did not want to risk angering the left,
something she had avoided in her short-lived presidential campaign in
2019. And as the push against Mr. Shapiro gathered momentum — with
Senator John Fetterman, a fellow Democrat, criticizing the governor
and others in the party criticizing how Mr. Shapiro had handled a
sexual harassment allegation against a top aide — Mr. Trump’s top
advisers zeroed in on Mr. Walz and accelerated their research into his
background.

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JD Vance Launches Trump Campaign's First Volleys at Harris-Walz Ticket
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Simon J. Levien is a Times political reporter covering the 2024
elections and a member of the 2024-25 Times Fellowship class, a
program for journalists early in their careers. More about Simon J.
Levien

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Walz's Decades-Old Drunken Driving Arrest Draws New Attention
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Defenders of the governor have dismissed the offense as not only
minor, but very old — something from nearly three decades ago now.
They have also pointed out that George W. Bush had a quarter-century
old drunken-driving arrest on his record when he ran successfully for
president in 2000, and that Representative Tom Emmer, a Republican
from Minnesota who serves as the majority whip, was twice arrested on
suspicions of driving drunk as a young man.

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Tim Walz, a Fan of The Boss, Proclaimed a 'Bruce Springsteen Day' in
Minnesota
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Former President Donald J. Trump, the Republican nominee and a New
York native, has taken to mocking some of Mr. Springsteen’s
appearances on behalf of Democrats. Campaigning in Atlanta, Ga., on
Saturday, Mr. Trump recalled that Mr. Springsteen appeared at a rally
for Hillary Clinton in 2016.

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9 Killed After S.U.V. Flips Into South Florida Canal, Authorities Say
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The 2023 Ford Explorer has three rows and seats up to seven people,
according to Ford dealers. It was not immediately clear if the
passengers were related or part of a group, nor was it clear where
they were going.

Work

Trump Campaign Attacks Walz as 'Dangerously Liberal'
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Mr. Walz has previously faced criticism for the Minneapolis unrest.
Two days after Mr. Floyd’s death, as protests grew increasingly
violent, the city’s mayor, Jacob Frey, asked Mr. Walz to deploy the
National Guard. But it was not until the next afternoon that Mr. Walz
signed an executive order allowing the Guard to help cities, a delay
that Republicans and other critics have focused on even as Mr. Walz
has defended his actions.

Work

Nancy Pelosi Praises Walz as Representing 'Heartland Values'
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Maggie Astor covers politics for The New York Times, focusing on
breaking news, policies, campaigns and how underrepresented or
marginalized groups are affected by political systems. More about
Maggie Astor

Work

Who Is Gwen Walz, the Wife of Tim Walz?
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[[link removed]}&lead=419599&emailid=45924&nl=daily&hashtags=tradebriefs&via=TradeBriefs]  
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Simon J. Levien is a Times political reporter covering the 2024
elections and a member of the 2024-25 Times Fellowship class, a
program for journalists early in their careers. More about Simon J.
Levien

Work

Tim Walz Is the Veep's Pick for Veep
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And, even though Minnesota has not backed a Republican for president
since Richard Nixon in 1972, Democrats are hoping his regional appeal
will help them lock down Midwestern states like Wisconsin and
Michigan, which are seen as crucial to a Harris victory. Before he
became governor, Walz represented a rural swath of southern Minnesota
in Congress for 12 years, which means he has experience winning over
conservative voters who have not been as crucial to Harris’s
political ascent.

Work

Decline in Veterans' Homelessness Spurs Hopes for a Broader Solution
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“It is the best initiative on homelessness that the federal
government has ever developed,” said Philip F. Mangano, who helped
launch the program under President George W. Bush. “The best. By
far. If we can do it for veterans, we can do it for others.”

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