From TradeBriefs <[email protected]>
Subject Aug 7, 2024 - Russia's bloody summer offensive is hurting Ukraine - The Economist (No paywall)
Date August 7, 2024 1:50 PM
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The top stories being read around the world right now!

From the Editor's Desk

Research: Resume Gaps Still Matter - (No paywall)

Without knowing the details of a person’s history, employers rely on
signals of quality to make bets on who will make quality employees
with a strong organizational fit. Resume gaps used to be clear
negative signals, but attitudes seem to be changing today. For
example, LinkedIn recently adopted a new “Career Breaks” feature
in which users can showcase skills acquired during a professional
pause. While tempting to declare the present day a new age of
tolerance and compassion, a deeper analysis suggests it might be wise
to take a more guarded perspective, as the reality of the
post-pandemic labor market is still unfolding. Drawing on both current
studies as well as executive compensation data from the 2008 Great
Recession period, the authors show that resume gaps hurt job seekers,
both in their ability to get jobs and their pay.

Continued here [[link removed]}&lead=419599&emailid=46162&nl=daily]

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Work

Russia's bloody summer offensive is hurting Ukraine - The Economist
(No paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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FOR THOSE arriving on the lunar, pockmarked terrain of Ukraine’s
eastern front lines, life is often short. “The experienced soldiers
fear getting to know the newcomers,” says “Artem”, a soldier
once attached to the 59th brigade south of Pokrovsk, in the province
of Donetsk. “Your fate is decided in the first few hours. Five, ten
minutes, that’s really all it takes.”

Work

Smallest Ever Human Arm Bone Found as a Piece of the Hobbit Origin
Puzzle - Discover Magazine (No paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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Researchers now report in Nature Communications finding similar
fossils on the island — but at an open-air site 46 miles from the
cave — dating back 700,000 years. The findings include the smallest
ever human arm bone.















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Tim Walz takes "crime" jab at Donald Trump in first campaign rally
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Minnesota Governor Tim Walz, the new running mate of Vice President
Kamala Harris, brutally mocked former President Donald Trump's
criminal record during his first campaign rally with Harris.

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Will Kamala Harris regret picking Tim Walz over Josh Shapiro?
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Walz’s selection came as something of a surprise. For much of last
week, betting markets had given Pennsylvania Gov. Josh Shapiro a more
than 60 percent chance of joining the Democratic ticket. In opting for
Walz instead, Harris defied the conventional wisdom among Democratic
consultants, who had broadly favored Shapiro. And on Tuesday morning,
some close to the Trump campaign told CNN that they were “breathing
a sigh of relief” that the Democratic nominee had not tapped the
popular Pennsylvania governor.














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Kamala Harris's recent embrace of rent control, explained
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Harris’s remarks to cap rents echoed a recent proposal from the
Biden administration just two weeks earlier to limit rent hikes to 5
percent nationwide over the next two years for all landlords who own
more than 50 units. (They estimate this would cover over 20 million
units across the country.) The Biden plan — which would require
congressional approval — would exempt not-yet-built units, so as to
not discourage much-needed new housing. The two-year rent cap, Biden
officials said, would serve as a way to drive down costs while new
housing was under construction.

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Simone Biles Makes Public Plea Amid Gold Wins at Olympics
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In a post shared with her 1.9 million followers, Biles, 27, wrote:
“You guys really gotta stop asking athletes what’s next after they
win a medal at the Olympics,” She then followed up the initial post
with an addendum, adding context to her request. “Let us soak up the
moment we’ve worked our whole lives for,” she said.














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Sea lion cameras record amazing predator's view of the ocean - New
Scientist (No paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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Nathan Angelakis at the South Australian Research and Development
Institute and his colleagues sedated endangered Australian sea lions
(Neophoca cinerea) from Olive Island and Seal Bay in South Australia
in December 2022 and August 2023, then glued cameras and GPS trackers
to their bodies.

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Strange planets could be forming inside dying stars - New Scientist
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A planet orbiting extremely close to a white dwarf may have formed
inside its star – this could be the origin of some of the most
promising worlds beyond our solar system to search for life














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How EdTech Firm Coursera Is Incorporating GenAI into Its Products and
Services - Harvard Business Review (No paywall)
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In early 2023, Jeff Maggioncalda, CEO of Coursera, started developing
the EdTech firm’s strategy for incorporating generative AI into
their offerings. He asked his teams to focus on value to the firm and
cost of implementation, and they identified four key projects:
powering translations and modifying content format and delivery,
personalized coaching, an automatic course-building tool, and building
out new GenAI-related academic content.

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Musk's AI Chatbot Grok Called Out for Spreading Election Falsehoods -
Inc.com (No paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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The top election officials from Michigan, Minnesota, New Mexico,
Pennsylvania and Washington told Musk that X's AI chatbot, Grok,
produced false information about state ballot deadlines shortly after
President Joe Biden dropped out of the 2024 presidential race.














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Owner of HarrisWalz.com Web Domain May See a Payday - Inc.com (No
paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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Four years later, after Harris selected Minnesota Gov. Tim Walz as
her running mate, Eche could be looking at a payday. He is willing to
sell it---and a slate of over a dozen other Harris websites--for
$15,000, he says.

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Biotech mogul Arie Belldegrun extends empire with launch of $600
million credit firm - STAT (No paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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On Tuesday, Belledegrun and his team announced they have raised more
than $600 million for a new life science credit firm called Symbiotic
Capital. Symbiotic said it will provide loans to biotechs, companies
manufacturing medical devices and health care tools, sequencing firms,
and synthetic biology companies, and more. When it comes to drug
companies, the firm will primarily focus on companies that have
candidates in Phase 2 or Phase 3 clinical trials or commercial
products.














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Former Biden White House health official joins Flagship Pioneering -
STAT (No paywall) [[link removed]}&lead=419599&emailid=46162&nl=daily]  
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The group could grow under four main categories, Panjabi said:
preparing for infectious disease threats, delaying the onset of
disease, biosecurity, and pursuing bolder early treatments for
diseases with public health consequences like obesity, cancer, and
neurodegenerative illnesses.

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'Squad' Rep. Cory Bush Loses Primary To Wesley Bell In Race Impacted
By Her Stance On Gaza War - Forbes (No paywall)
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Rep. Cori Bush, D-Mo., lost her primary contest against county
prosecutor Wesley Bell on Tuesday, becoming the second progressive
"Squad" member to be ousted from her seat in a contest that brought
forth the Democratic party's division over the war in Gaza.














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Why the Japanese yen is pushing around the US stock market: Morning
Brief
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Wall Street is leaning toward a fairly quick resolution of the
episode. Morgan Stanley's sales desk wrote to clients, "We are closer
to the end of the selling than to the beginning." JPMorgan's co-head
of FX strategy Arindam Sandilya believes we're 50% to 60% through the
carry unwind as of Monday.

Work

Warren Buffett Just Sold $90 Billion of Apple Stock. Could This Be the
Biggest Investing Mistake He's Ever Made?
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American Express is an advertising partner of The Ascent, a Motley
Fool company. Keith Speights has positions in Apple and Berkshire
Hathaway. The Motley Fool has positions in and recommends Apple and
Berkshire Hathaway. The Motley Fool has a disclosure policy.













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While Some Unethical, These 4 Social Experiments Helped Explain Human
Behavior - Discover Magazine (No paywall)
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From the CIA’s secret mind control program, MK Ultra, to the
stuttering “Monster” study, American researchers have a long
history of engaging in human experiments. The studies have helped us
better understand ourselves and why we do certain things.

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Squad member Cori Bush ousted amid Democrats' Israel divide
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The Associated Press (AP) called Missouri's 1st Congressional District
primary at 11 p.m. EST for Wesley Bell, the St. Louis county
prosecuting attorney who was backed by the established pro-Israel
political action committee, the American Israel Public Affairs
Committee (AIPAC).

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Why Alex Walsh Was Disqualified Despite Finishing Third
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But Walsh, who won a silver in the event in Tokyo, was disqualified
for an inappropriate turn from backstroke to breaststroke, according
to USA Swimming. The transition is a tricky one that’s been the
topic of much debate among swim officials. According to the
international swimming federation FINA, the same rules for each stroke
apply in a medley race, and for backstroke “the swimmer must touch
the wall while on the back.” In the individual medley, that has to
happen before the swimmer moves into the next stroke, which is the
breaststroke that’s swum face down. On Saturday, when Walsh touched
the wall to finish her backstroke leg, her stomach faced the bottom of
the pool, resulting in the disqualification.

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The stockmarket rout may not be over - The Economist (No paywall)
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For a while on August 5th things were looking awful. During the Asian
trading session Japan’s benchmark Topix share index had fallen by
12%, marking its worst day since 1987. Stock prices in South Korea and
Taiwan had tanked by 9% and 8% respectively, and European markets were
falling. Before trading began in America, the VIX index, which
measures how wildly traders expect share prices to swing, was at a
level it had only reached early in the covid-19 pandemic and after
Lehman Brothers collapsed in 2008. Ominously, though gold is usually a
hedge against chaos, its price was falling—suggesting that investors
might be selling assets they would rather hold on to in order to stay
afloat. The previous week’s rout in global markets seemed to be
spiralling into a full-blown crisis.

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Cori Bush, 'Squad' Member and Vocal Critic of Israel, Loses Her
Primary
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Ms. Bush made herself vulnerable to a serious primary challenge
through a string of controversial votes and positions. She was one of
two Democrats who voted in January against a resolution to bar members
of Hamas and anyone who participated in the attacks against Israel on
Oct. 7 from the United States.

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Georgia Board Grants Local Officials New Power Over Certifying
Elections
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And in Georgia, even before the state election board’s meeting on
Tuesday, allies of Mr. Trump were seeking a similar resolution in the
courts. In May, the America First Policy Institute filed a lawsuit on
behalf of a member of the Fulton County, Ga., election board, arguing
that she had the discretion to refuse certification and conduct an
investigation because, as part of her oath, she had sworn to
“prevent fraud, deceit and abuse.”

Work

Does a Speedsuit Make You Faster? Maybe. Does It Look Cool?
Absolutely.
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Among them: Cole Hocker, the American who shocked a full stadium to
become Olympic champion, and Josh Kerr of Britain, who placed second.
Ingebrigtsen’s younger brother Jakob, who had hoped to defend his
Olympic title and has seldom worn anything but speedsuits during
competitions, finished fourth.

Work

The Country Left Out in the Cold in the East-West Prisoner Swap
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But the absence of Belarusian prisoners from last week’s sprawling
exchange has raised questions about why opponents of Mr. Lukashenko
abroad, led by Svetlana Tikhanovskaya, the self-styled national leader
of Belarus, have failed to make the release of prisoners a priority
for the United States and other Western governments.

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Opinion | Tim Walz Is an Absolute Balm for My Country Heart
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Mr. Walz went to a state college, taught public high school and went
into government — more than a couple class rungs above my
grandfather, who in the 1940s left school after sixth grade to work
the Kansas wheat fields with his German American dad.

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Linda Reynolds accuses Mark Dreyfus of 'seeking to silence' her during
Brittany Higgins settlement
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Information and support for anyone affected by rape or sexual abuse
issues is available from the following organisations. In Australia,
support is available at 1800Respect (1800 737 732). In the UK, Rape
Crisis offers support on 0808 500 2222. In the US, Rainn offers
support on 800-656-4673. Other international helplines can be found at
ibiblio.org/rcip/internl.html

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Nobel laureate Muhammad Yunus to head Bangladesh's interim government
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Hasina, who has ruled Bangladesh for 20 of the last 30 years, was
elected to a fourth term leading the country of 170 million in
January, after arresting thousands of opposition leaders and workers.
That election was boycotted by her main rivals.

Work

Cori Bush loses primary after pro-Israel groups spend millions to oust
'Squad' member
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Bell has denied being recruited by pro-Israel groups to run against
Bush, but suspicion lingered after he abandoned a challenge for the US
Senate and entered the congressional race not long after Jewish
organisations in St Louis began to seek a candidate to take on Bush
after accusing her of "intentionally fuelling antisemitism".

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Airbnb details plans to expand beyond short-term rentals, including
co-hosting and relaunching 'experiences' | TechCrunch
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Rocket launch providers, satellite operators, and even aviation
companies rely on accurate predictions about “space weather,” like
solar flares and geomagnetic storms, to inform their operations. But
this vital information…

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1 Stock-Split Artificial Intelligence (AI) Stock to Buy Before It
Skyrockets 67%, According to One Wall Street Analyst
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Suzanne Frey, an executive at Alphabet, is a member of The Motley
Fool's board of directors. Adam Levy has positions in Alphabet and
Apple. The Motley Fool has positions in and recommends Alphabet,
Apple, Lam Research, and Nvidia. The Motley Fool recommends Broadcom.
The Motley Fool has a disclosure policy.

Work

Novo Nordisk shares slide after rare miss on obesity drug Wegovy sales
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Novo said it had withdrawn its submission to U.S. and European
regulators for approval of Wegovy to treat heart failure and kidney
disease, and plans to resubmit with more data at the start of 2025.

Work

I Can't Think of a Better Vanguard ETF to Buy During the Stock Market
Sell-Off Than This One
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Keith Speights has positions in Vanguard Small-Cap Value ETF. The
Motley Fool has positions in and recommends Vanguard Bond Index
Funds-Vanguard Total Bond Market ETF, Vanguard Index Funds-Vanguard
Small-Cap ETF, and Vanguard Real Estate ETF. The Motley Fool has a
disclosure policy.

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Here's the Hands-Down Best Stock-Split Stock to Buy in August Despite
the Market Sell-Off
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Keith Speights has no position in any of the stocks mentioned. The
Motley Fool has positions in and recommends Chipotle Mexican Grill,
Nvidia, and Walmart. The Motley Fool recommends Broadcom and
recommends the following options: short September 2024 $52 puts on
Chipotle Mexican Grill. The Motley Fool has a disclosure policy.

Work

Watch These Super Micro Computer Price Levels as Stock Slumps After
Earnings
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Finally, a more significant correction may lead to a retest of the
$260 region, currently around 58% below Tuesday’s close, where the
price would likely find support from a trendline linking the June 2023
swing high with a range of comparable trading levels on the chart
between August and December last year.

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Nasdaq Market Correction: 1 "Magnificent Seven" Stock to Buy Now, and
Another to Avoid
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Randi Zuckerberg, a former director of market development and
spokeswoman for Facebook and sister to Meta Platforms CEO Mark
Zuckerberg, is a member of The Motley Fool's board of directors. John
Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a
member of The Motley Fool’s board of directors. Trevor Jennewine has
positions in Amazon. The Motley Fool has positions in and recommends
Amazon, Apple, Berkshire Hathaway, and Meta Platforms. The Motley Fool
has a disclosure policy.

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Stocks and US Futures Rally as BOJ Calms Nerves: Markets Wrap
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Dutch lender ABN Amro Bank NV gained after the Dutch lender raised its
outlook for lending income, showing how Europe’s high interest rates
continue to provide tailwind for the banking industry. The banks
sub-index outperformed the benchmark.

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3 Dividend Growth Stocks to Buy Hand Over Fist in August
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Justin Pope has no position in any of the stocks mentioned. The Motley
Fool has positions in and recommends Abbott Laboratories, Kenvue, and
Pfizer. The Motley Fool recommends Johnson & Johnson and recommends
the following options: long January 2026 $13 calls on Kenvue. The
Motley Fool has a disclosure policy.

Work

Stock Market Sell-Off: 2 Top Stocks I Plan to Buy if the Market Keeps
Melting Down
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary,
is a member of The Motley Fool's board of directors. Matt DiLallo has
positions in Amazon and Waste Management. The Motley Fool has
positions in and recommends Amazon. The Motley Fool recommends Waste
Management. The Motley Fool has a disclosure policy.

Work

Trump keeps losing his train of thought. Cognitive experts have
theories about why
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Determining a definitive cause for Trump’s shifts in language would
require in-person tests and interviews, Lieberman said. And analysis
is further complicated by Trump’s long-standard unusual
communication manner: “You’ve got to keep talking. Never stop.
Make up names for your opponent, make fun of your opponent, promise
all kinds of things,” said Liberman, who compared Trump’s style to
wrestling promo talk.

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Give pharmaceutical execs the benefit of doubt -- but they need to
work for it
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Fred D. Ledley, M.D., is a professor of natural and applied sciences
and management at Bentley University in Waltham, Mass., and director
of the Center for Integration of Science and Industry.

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How UnitedHealth turned a questionable artery-screening program into a
gold mine
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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.

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When life mirrors research: What a fall on the ice taught me about
being Black and in pain
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As I learned the hard way, everyone is just an injury or medical
emergency away from chronic pain. Pain management of the future is not
five or 10 years away. It should start today by upholding the civil
rights of racialized populations, thus creating healthier lives and
communities with less pain. Failure to do so will serve as the
dominant modus operandi keeping a nation riddled with chronic pain and
adverse economic and social impacts for generations to come. In the
words of Malcolm X, “We want justice by any means necessary. We want
equality by any means necessary.”

Work

Supply issues weigh on Novo Nordisk as drugmaker stumbles with
quarterly report
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The company reported that sales increased 25% at constant exchange
rates in the first half of the year, but analysts had expected an
increase of more than 26%. The company did raise its sales growth
forecast Wednesday, to 22% to 28%, versus the previous 19% to 27%. 

Work

Race for Competitive Washington Congressional Seat Turns Into Rematch
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Mr. Kent, a retired Green Beret, has the support of former President
Donald J. Trump and has joined Mr. Trump in falsely claiming that the
2020 election was rigged. He advocated pardoning those who were
accused of storming the Capitol on Jan. 6, 2021, describing them as
political prisoners.

Work

Ferguson and Reichert Emerge in the Washington Primary for Governor
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Mr. Ferguson has criticized Mr. Reichert’s record on abortion,
including his votes in Congress in favor of banning most abortions
after 20 weeks of pregnancy. Mr. Reichert has sought to distance
himself from those votes, saying he would not change Washington State
law on the issue, which permits abortions up until the point of
viability or to protect the health of the mother.

Work

Mike Kehoe, Missouri's Lieutenant Governor, Wins G.O.P. Primary for
Governor
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But the election of former President Donald J. Trump in 2016 made
clear that Missouri had turned into a solidly red state. That means
that the winner of the Republican primary is widely expected to become
the next governor, said Daniel Butler, a political scientist at
Washington University in St. Louis.

Work

How Kamala Harris Trusted Her Gut and Picked Tim Walz
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On Tuesday, she did just that, revealing Mr. Walz as her running mate
after the two struck up an easy rapport in a Sunday sit-down at her
residence, forming a fresh partnership that will define the Democratic
Party in 2024 and potentially beyond. The story of how Ms. Harris came
to pick Mr. Walz was told through conversations with about a dozen
people involved in the selection process, many of whom spoke on the
condition of anonymity to describe deliberations and discussions that
were intended to remain private.

Work

Boeing Says It's Changing Type of Panel That Blew Off Alaska Airlines
Jet
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On Tuesday, Ms. Homendy read quotes from the board’s interviews with
mechanics who have worked at the Boeing facility for years. The
workers testified to board investigators that they were regularly
pressured into working 10 to 12 hours a day, six to seven days a week,
Ms. Homendy said.

Work

Kamala Harris and 'Coach Walz' Ease Into Their New Partnership
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“Coach Walz,” as Mr. Walz was once known — back when he was a
high school social studies teacher and football coach — had helped
lead his team to a state championship. He was also the faculty adviser
for the student gay-straight alliance.

Work

Introducing Coach Walz: Five Takeaways from Philadelphia
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Walz, who bowed toward Harris before beginning his speech, came off as
delighted to speak on her behalf, with no reservations about playing
second fiddle. His oratory never soared, but Harris reacted with
obvious delight as he rattled off plain-spoken zingers.

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