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-------------------------

The top stories being read around the world right now!

From the Editor's Desk

Inside the First Year as a CEO - (No paywall)

CEO performance reverberates well beyond the corner office, affecting
everyone from employees to shareholders, governments to business
partners. Getting a good start is critically important to medium- and
long-term success, for both the CEO and the organization. But how can
newly appointed CEOs succeed when the role is so different from any
they’ve held before? Russell Reynolds Associates conducted a study
to better understand this pivotal time in a CEO’s journey, looking
closely at what new CEOs focus on, what surprises them during their
transitions, and what regrets they have. CEOs who have gotten off to a
good start offer plenty of lessons for successfully planning,
executing, and navigating the transition.

Continued here [[link removed]}&lead=419599&emailid=47328&nl=daily]

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Work

Rare salamander fighting extinction becomes a symbol of conservation -
Animals (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Restricted to two coastal counties south of San Francisco, these
three-inch salamanders rely on seasonal pools and wetlands that are
shrinking due to climate change, agriculture, and human development.
Scientists believe the subspecies’ entire range spans just 15 miles.

Work

Indica vs. sativa: Science suggests there's not actually a difference
- Science (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Today, some 12,000 years after the first harvest, the global cannabis
industry is worth an estimated $65 billion. Modern-day consumers
living in places where cannabis is legal are spoiled for
choice—there are now more than 700 cannabis strains to choose from,
including colorfully-named cultivars such as Cat Piss, Purple Monkey
Balls, and Unicorn Poop.















Work

Subscribe to read - FT (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Once registered, you can:• Read this article and many more, free for
30 days with no card details required• Enjoy 8 thought-provoking
articles a day chosen for you by senior editors• Download the
award-winning FT Edit app to access audio, saved articles and more

Work

Cheap fixes could help 450m people stand taller and think quicker -
The Economist (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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THE FIRST 1,000 days after conception are known as the “golden
window”. During this time brains and bodies develop faster than at
any other point—connections form between neurons that will affect a
child’s future IQ and bones grow to determine their future height.
Malnutrition in these early years can wreak irreversible damage. The
most visible sign of a lack of essential nutrients is stunting, when a
child is much shorter than they should be for their age. Globally, 22%
of children under five are stunted. But our analysis shows that
doubling the pace at which stunting rates are currently falling could
help bring the figure down to just 4% by 2050.














Work

Inside the unrest disfiguring English cities - The Economist (No
paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Britain’s police knew they were in for a difficult weekend. On July
29th three children were murdered in a dance class in Southport. False
rumours that their killer had been Muslim and an illegal immigrant who
had arrived in a small boat quickly spread across the internet,
leading to a riot in the northern town on the following day, as well
as violence in London, Hartlepool and elsewhere. Sir Keir Starmer,
Britain’s prime minister, decried the unrest as the work of a
“tiny, mindless minority” of “thugs” on the “far right”.
Further demonstrations across English cities on August 3rd reinforced
that verdict but also revealed a wider, inchoate sense of grievance.

Work

These Once Red-Hot Stocks Are Struggling As 'AI Tourists' Sell -
Forbes (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Several of the artificial intelligence stocks that helped drive a
stock rally over the past 20 months have been impacted by the broader
market's recent shift from high growth potential to safer options,
amid concerns about a looming economic slowdown.














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Why Trump's Trial For Trying To Overturn 2020 Election Won't Happen
Before Election Day - Forbes (No paywall)
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Former President Donald Trump's federal case for trying to overturn
the 2020 election is now moving forward again after the Supreme Court
gave him some immunityâbut a trial won't come anytime soon, as
Special Counsel Jack Smith asked Thursday for more time to propose how
the case should play out and it will likely take months to figure out
how to apply the Supreme Court's opinion.

Work

Morning Rounds: Another Ebola outbreak? - STAT (No paywall)
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From STAT’s Helen Branswell: The Democratic Republic of the Congo
may have another Ebola outbreak on its hands. The World Health
Organization told STAT it has been informed of seven suspected cases
in Bas-Uélé, in a remote and difficult-to-access province in
north-central DRC, along the border with the Central African Republic.
Of the seven, five have died. If this is confirmed to be Ebola, it
would be the country’s 16th known outbreak and the 10th in the past
decade. 














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Trump keeps losing his train of thought. Cognitive experts have
theories about why - STAT (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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In a speech earlier this year, former President Trump was mocking
President Biden’s ability to walk through sand when he suddenly
switched to talking about the old Hollywood icon Cary Grant.

Work

The Fed Stays Focused on Rate-Cut Plans Despite Market Volatility -
Inc.com (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Federal Reserve policymakers are increasingly confident that inflation
is cooling enough to allow interest-rate cuts ahead, and they will
take their cues on the size and timing of those rate cuts not from
stock-market turmoil but from the economic data.














Work

Walmart Just Announced a Powerful New Way to Target Customers. It All
Starts This Month - Inc.com (No paywall)
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Over time, however, the business models have merged. Non-members can
order from Costco online (with a small extra fee). Amazon bought Whole
Foods and has made one foray after another into brick-and-mortar. 

Work

A black hole devouring a giant star gives clues to a cosmic mystery -
New Scientist (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Astronomers have caught a supermassive black hole eating a giant star
in the biggest and brightest example of this powerful event ever seen.
This could be the missing link to help us understand mysteriously
bright cosmic objects in the centres of some active galaxies.














Work

Caves Or Valleys? The Debate Over Neanderthal Dwellings Continues -
Discover Magazine (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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The fact that most humans spend most of their time indoors is not a
subject of great debate. In contrast, archeologists agree that
Neanderthals spent most of their time outdoors, so what were their
living .    

Work

The surprising wall pattern that could keep buildings cooler - New
Scientist (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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Walls with a protruding zigzag pattern could stay up to 3°C (5.4°F)
cooler than regular walls, without using any energy. This approach
could reduce the energy used by cooling systems and thus help limit
global warming.














Work

Cryptocurrency mistakenly tied to Eric Trump gains $155 million in six
hours - Fortune Crypto (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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A cryptocurrency called Restore the Republic (RTR) has witnessed a
dramatic rise-and-fall, despite trading for less than a day, due to
confusion over its origin. When the token emerged on the Solana
blockchain Thursday, it was quickly associated with former president
Donald Trump’s son Eric Trump, who had posted on X earlier in the
week: “fallen in love with Crypto / DeFi. Stay tuned for a big
announcement.” 

Work

Warren Buffett's Apple stock dump was so big, it will force massive
buying as funds rebalance - Fortune (No paywall)
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Warren Buffett’s sudden sale of a huge pile of Apple Inc. shares has
come with a surprise silver lining for investors in the iPhone maker:
Its influence in major stock indexes is set to be fully unleashed.













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Watch a video showing what happens in our brains when we think - MIT
Technology Review (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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This article first appeared in The Checkup, MIT Technology
Review’s weekly biotech newsletter. To receive it in your inbox
every Thursday, and read articles like this first, sign up here.

Work

Does Jewelry and Big Hair Slow Down Olympic Runners? - WIRED (No
paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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To be an Olympic champion, athletes spend years perfecting every
aspect of their performance. That same attention to detail goes into
the sleek, lightweight uniforms they wear, because at this level the
tiniest of advantages can affect the outcome.

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Will Anything at All Happen With Trump's January 6 Case Before the
Election? - Intelligencer (No paywall) [[link removed]}&lead=419599&emailid=47328&nl=daily]  
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The U.S Supreme Court’s momentous decision on presidential immunity
is continuing to change the landscape of Donald Trump’s pending
legal cases. On Thursday, special counsel Jack Smith requested a
three-week delay in the federal government’s 2020
election-subversion case, pushing any potential movement on the matter
to September. It was already all but certain that a trial wouldn’t
take place prior to the November election.

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NASA asteroid-hunting telescope to burn up in atmosphere
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The NEOWISE (Near-Earth Object Wide-field Infrared Survey Explorer)
mission has been using a space telescope to spot asteroids and comets
flying around our solar system since 2009 but engineers commanded the
spacecraft to turn its transmitter off for the last time Thursday,
NASA has stated.

Work

Advertisers aren't buying what X is selling. Is that a crime?
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This week, Musk’s social media company X (formerly Twitter) filed an
eyebrow-raising lawsuit against an advertising industry group and
several major brands, including Unilever (maker of Dove soap), Mars
Inc. (maker of lots of candy), and CVS. It argues that the companies
coordinated an advertising boycott against X that not only led to
“massive economic harm,” but even violated antitrust law because
they colluded to specifically target X, making it less competitive in
selling digital ads.

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You need a budget. But do you really need to pay for one?
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There’s never a bad time to think about budgeting your money, but
one could argue that the week of a stock market meltdown and renewed
anxiety of a recession is the best time. That’s where we are this
week. So let’s talk about budgeting.

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One startup's plan to fix AI's "shoplifting" problem
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CNMN Collection WIRED Media Group © 2024 Condé Nast. All rights
reserved. Use of and/or registration on any portion of this site
constitutes acceptance of our User Agreement (updated 1/1/20) and
Privacy Policy and Ars Technica Addendum. Ars may earn compensation on
sales from links on this site. Read our affiliate link policy.Your
California Privacy Rights | Do Not Sell My Personal Information 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

Work

Good Luck Selling Your AI Startup - WIRED (No paywall)
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There is no wilder time than the present to build a company around
artificial intelligence. The server bills are astronomical, for one.
Also, the market for talent is red hot, and you’ll end up paying
through the nose for good people. Even if you do get funding, staff
up, get the product off the ground, and start making headway in a
crowded field, there’s the specter of Big Tech looming overhead. The
hyper-carnivorous raptors of Silicon Valley—Google, Apple, Amazon,
and Meta—will fix their steely eyes on the plump prey of your best
employees and your intellectual property.

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Former Twitter Board Member Sues Elon Musk's X For $20 Million in Pay
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The former top executives have accused Mr. Musk of withholding
severance payments that they said were automatically owed when he
acquired the company. After the takeover, Mr. Musk laid off thousands
of employees en masse and offered limited severance, which the former
employees have argued was less than what they were due under their
employment contracts.

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Passenger Plane Crashes in Brazil, Killing 61 Onboard
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The plane, an ATR 72, had all systems operating correctly when it took
off, the airline said. The pilots did not signal any emergency,
officials said. The aircraft, a twin-engine turboprop plane, was built
in 2010 and was in compliance with Brazilian regulations, they added.

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Harris erases Trump's lead on economy among younger Americans,
CNBC/Generation Lab survey finds
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Any more bad economic news between now and November could see voters
blame Harris -- who has yet to fully articulate an economic agenda
distinct from Biden's â and pivot back to the perceived safety of
Trump's familiar economic agenda.

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Oxford scientists' new light-absorbing material can turn everyday
objects into solar panels
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New solar energy farms are popping up all over the world. The US
Department of Energy announced earlier this month its turning an
8,000-acre piece of land that once housed parts of the nuclear weapons
program known as the Manhattan Project into a solar farm. Last month,
Google invested in a Taiwanese solar company to build a 1 gigawatt
pipeline in the region.

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First group of Startup Battlefield judges at Disrupt 2024 | TechCrunch
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Thursday seeks to shake up conventional online dating in a crowded
market. The app, which recently expanded to San Francisco, fosters
intentional dating by restricting user access to Thursdays. At…

Work

Exclusive: Humidity sucks. Transaera has a new way to deal with it |
TechCrunch
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Thursday seeks to shake up conventional online dating in a crowded
market. The app, which recently expanded to San Francisco, fosters
intentional dating by restricting user access to Thursdays. At…

Work

Cisco Paring Thousands of Jobs in New Cutbacks, Reuters Says
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Over the longer term, Chief Executive Officer Chuck Robbins has been
trying to transform Cisco into a provider of networking services and
software — rather than a company focused on one-time sales of
hardware. It also looks to capitalize more on the AI boom that has
fueled sales for companies like Nvidia Corp.

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Hawaiian Electric raises going concern doubts on uncertainties over
wildfire settlement financing
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The company is also looking at strategic options for its American
Savings Bank unit and it took a goodwill impairment charge of $82.2
million in connection with the endeavor during the second quarter.

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Exclusive-Cisco to lay off thousands more in second job cut this year,
sources say
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The company has been trying to incorporate AI products in its
offerings and in May reiterated its target of $1 billion worth of AI
product orders in 2025. In June, it launched a $1-billion fund to make
investments in AI startups such as Cohere, Mistral AI and Scale AI.
The company said at the time it had made 20 AI-focused acquisitions
and investments in the last several years.

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USA Olympics medal count poised to break 40-year record
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If this comes to fruition, not only will the United States top the
medal count, but it would also be the most medals Team USA has won
since the 1984 Los Angeles games where the final tally was 174.

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Exclusive: Netanyahu at War
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For the past 10 months, Benjamin Netanyahu has refused to apologize
for leaving Israel vulnerable to Hamas’ Oct. 7 terrorist attack.
After the deaths of 1,200 people and the abduction of hundreds more, a
traumatized Israeli public heard abject admissions of responsibility
from the heads of the Israel Defense Forces and Shin Bet, the
country’s domestic security service, but none from Netanyahu, who
had been Prime Minister for almost a year when the attack happened,
and had presided over a more than 10-year strategy of tacit acceptance
of Hamas rule in Gaza. His only apology was for a social media post
blaming his own security chiefs for failing to foil the assault. So,
early in a 66-minute conversation with TIME on Aug. 4 in the Prime
Minister’s office in Jerusalem, the question is, Would he make an
apology?

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How the Harris-Walz Camo Hats Became a Viral Hit
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The hottest accessory of the summer (and possibly the year) arrived on
Tuesday night with the first drop of merchandise for Kamala Harris and
Tim Walz, just hours after the Vice President announced the Minnesota
governor as her running mate. Amid understated T-shirts and mugs in
shades of navy blue and white in the official online shop was a bold
offering: a $40, union-made woodsman camouflage cap with the
campaign’s logo emblazoned in bright orange. The product description
confidently declared it “the most iconic political hat in
America,”a bold claim given how synonymous red MAGA hats have become
with Donald Trump and his ideology.

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A Financial Tale of Two Potential Vice Presidents
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Mr. Vance, former President Donald J. Trump’s running mate, has been
campaigning this week in the same states as Ms. Harris and Mr. Walz.
Luke Schroeder, a spokesman for Mr. Vance, said the senator “earned
his own success.” He continued: “Tim Walz knows better. His insult
of Senator Vance is an insult to every American who has worked hard to
overcome adversity.”

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Biden Promised Peace, but Will Leave His Successor a Nation Entangled
in War
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“War will be a key part of Biden’s legacy,” said Stephen
Wertheim, a senior fellow at the Carnegie Endowment for International
Peace. “What’s hard to wrap one’s head around is that, although
the United States is not directly involved in the wars in Ukraine or
Gaza, the risks of large-scale conflict have become higher over the
course of Biden’s presidency.”

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Harris Fights Uphill Against Trump in Arizona, Backed by a Revived
Party
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Mr. Trump and his allies have hammered Ms. Harris on immigration,
highlighting her previous statements that “an undocumented immigrant
is not a criminal” to portray her as soft on the border. They have
castigated her as the “border czar,” though Mr. Biden gave her the
responsibility of solving the “root causes” of migration from
Central America, rather than dealing with problems at the southern
border.

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Can This Woman Save the United States?
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Ms. Gibbs, 62, works in Washington at a private foundation where her
primary focus is eradicating genital cutting of women. Between that
and her advocacy for the ship, she noted, “People must be so
confused by my social media presence.”

Work

Another set of American Airlines flight attendants are weighing a
strike
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A work stoppage by the PSA flight attendants would not be the first
time that American has dealt with a strike threat this summer. For
months, flight attendants at the company’s main division
(represented by a different union, the Association of Professional
Flight Attendants) sought to be released from federally mandated and
mediated bargaining sessions in order to improve the offers they were
getting from the other side of the table. They eventually got a deal
without having to walk off the job.

Work

Stellantis is laying off thousands of workers and discontinuing a
classic pickup
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Stellantis last month began offering buyouts to its salaried workforce
in the U.S., with employees from the vice presidential level down
eligible, Automotive News reported. The company employs around 11,000
salaried workers in the country.

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AI founders play musical chairs | TechCrunch
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Thursday seeks to shake up conventional online dating in a crowded
market. The app, which recently expanded to San Francisco, fosters
intentional dating by restricting user access to Thursdays. At…

Work

See why this California neighborhood was nicknamed Billionaires' Bluff
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Film producer Byron Allen purchased an eight bedroom, 12 bathroom
Paradise Cove estate from businesswoman Tamara Hughes Gustavson in
2022. When Allen paid $100 million for the property it was the most
expensive real estate purchase ever made by a Black American in the
United States, according to the Hollywood Reporter.

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JPMorgan Chase staff are getting a new AI assistant -- powered by
OpenAI
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And Bank of America, the second-largest U.S. bank by assets, is
directing $4 billion to new technology initiatives, including AI, in
2024. The bank’s virtual assistant, Erica, reached 2 billion
interactions in April, with bank clients engaging with it
approximately two million times per day.

Work

Hargreaves Lansdown: What is happening with the takeover deal?
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They added: "The consortium brings extensive experience in supporting
businesses undergoing transformation, and its members have long
records of investing in regulated financial services companies to
build better businesses and create better customer experiences."

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Wall Street on Edge After a Week of Wild Swings
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Earnings reports due this month from bellwethers like Walmart will
also give hints about the strength of the consumer underpinning the
economy, while results from the chipmaker Nvidia will be pivotal given
the influence of tech giants over the S&P 500.

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What to Know About Online Paycheck Advances and Why They Face Scrutiny
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Some services may offer the advances free of charge, the consumer
bureau said in a report accompanying its proposed rule. But often, the
advances are free only if the worker agrees to wait a few days for the
money. If workers want the funds right away — which they typically
do — they must pay a fee for “instant” access.

Work

F.D.A. Declines to Approve MDMA Therapy, Seeking More Study
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But the agency’s decision had not been entirely unexpected, after a
group of independent experts convened by the F.D.A. to evaluate
Lykos’s data met in June and rejected the company’s application.
With regard to two central questions, the experts voted overwhelmingly
that the company had not proven the treatment was effective, and that
its benefits did not outweigh the risks.

Work

Stellantis Will Lay Off Up to 2,450 at Michigan Truck Plant
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The layoffs are related to a planned transition to a new version of
the Ram pickup that is just going into production at a plant in
Sterling Heights, Mich. The Warren plant will continue making an older
version of the truck on one shift, the company said on Friday, adding
that the actual number of workers affected will probably be lower than
the 2,450 noted in a report to the state of Michigan.

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