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-------------------------
The top stories being read around the world right now!
From the Editor's Desk
Gen AI Is Coming for Remote Workers First - Harvard Business Review
(No paywall)
Automation has historically impacted blue-collar jobs first, whereas
white-collar jobs benefited. The wave of remote work brought on by the
Covid-19 pandemic further empowered white-collar workers with more
autonomy through remote work. However, generative AI is changing this
narrative. Remote workers are now more susceptible to automation due
to their tasks being digital and thus more easily automated, but also
indicates large potential productivity benefits. But three larger
forces are going to drive far more extensive gen AI automation than
most expect: ease of use, firms have self-primed for gen AI
automation, and growing gen AI autonomy. This means that while some
remote workers will lose their jobs, many, many millions of them will
soon experience extensive job change that will require reskilling,
particularly in management and AI-specific skills, to adapt to the
changing job landscape and maintain productivity.
Continued here [[link removed]}&lead=419599&emailid=52039&nl=international]
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Work
Pfizer is betting on next-gen cancer drugs to offset slowing demand
for COVID vaccines
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
The pharma giant expects that cancer drugs developed by Seagen, a
biotech company it acquired last year, could generate $10 billion in
yearly sales by 2030, the Wall Street Journal reported.
Work
Armed conflict is stressing the bones of the global economy
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
What does British Airways’ recent decision to suspend its
London-Beijing route have to do with the war in Ukraine? How does the
Israel-Palestine conflict lead to cargo ships with containers falling
overboard in rough weather off the southern African coast? What does
an earthquake in Tonga tell us about the vulnerability of Taiwan’s
communications infrastructure?
Work
Kamala Harris Leads Polls and Betting Odds Against Trump as DNC Starts
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It’s a remarkable turnaround from when former President Donald Trump
entered the Republican National Convention a month ago, with the
betting odds in his favor and leading the polls by a comfortable
margin.
Work
Why the underground home of the world's weirdest wildlife is in danger
- New Scientist (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
One moment Stefano Mammola is standing in a mossy forest overlooking
northern Italy’s Po plain. The next, he has vanished through a hole
little wider than his body, into the forest floor. With less grace, I
clamber after him, landing in a pit 2 metres below. A tunnel ahead is
the gateway to a 3-kilometre-long cave network. As I falter, Mammola,
a cave biologist at the Water Research Institute in Verbania, Italy,
encourages me with tales of an exotic spider living deep inside. It
has cocoon silk that can stretch to more than seven times its length
without breaking – outstanding even by arachnid standards.
Work
Financial Firms' WhatsApp Chats Yield $400 Million in SEC Fines -
Inc.com (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
When the pandemic forced countless employees to begin doing their
jobs from home instead of in the office, most businesses
relaxed their tech rules to facilitate the switch. Rather than
insisting staff use only company-issued computers and mobile phones
as before, many companies embraced the Bring Your Own Device (BYOD)
approach and allowed workers to use their personal IT gear for
work instead. But the pragmatism created some risks for employers
allowing a mix of private and business communications. That's
especially so in the financial sector, where over two dozen companies
were fined billions by regulators over repeated employee use of
prohibited third-party apps like Whatsapp.
Work
Why are People Ticklish? - Discover Magazine (No paywall)
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There are two kinds of tickles. Knismesis is a soft, gentle kind of
tickling, such as when an insect crawls across your skin, or someone
strokes you with a feather. But here we’re talking about the other
kind. It’s called gargalesis and is the full-on, go-for-the-ribs or
armpits tickling that makes you laugh out loud and wiggle and squirm.
Work
The More Senior Your Job Title, the More You Need to Keep a Journal -
Harvard Business Review (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
Being a CEO can be a lonely job–there is no obvious person in whom
to confide. Keeping a journal can fill that void, by giving a new
leader a chance for structured reflection of recent past events and
decisions, and mental rehearsal for future ones. Despite the time and
discipline it takes to keep a journal, it should be part of every new
leader’s toolkit.
Work
Bernard Arnault Becomes World's 3rd-Richest Again—Overtaking Mark
Zuckerberg - Forbes (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
Bernard Arnault, the billionaire chairman and CEO of the global luxury
goods company LVMH, has surpassed Meta founder Mark Zuckerberg as the
third-richest person in the world, as LVMH's shares continue a
multi-day surge.
Work
San Francisco Democrats are embracing "law and order" politics - The
Economist (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
“ARE YOU in a good spot for hearing?” one woman asks another as
they shuffle into a sitting room at a retirement home near Japantown
in San Francisco. They fold their walkers and await Mark Farrell, a
Democratic candidate for mayor in the city’s November elections. Mr
Farrell launches into a typical stump speech—he grew up in San
Francisco, is raising kids here—but the conversation quickly turns
darker. What will he do about crime, homelessness and drugs, the
grey-haired audience wants to know. Mr Farrell has an answer
characteristic of liberal San Francisco’s changing politics.
“We’re gonna bring them off the streets,” he says. “Hopefully
it’s shelter, maybe it’s hospital, maybe it’s county jail.”
Work
Spiders may lure male fireflies to their death with a call of love -
Animals (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
Spiders have evolved an impressive array of hunting techniques—from
trapping their prey with spit to building webs strong enough to
capture snakes. Now, researchers have discovered a particularly
malicious tactic that some orb-weaver spiders might use to trick
fireflies into their webs.
Work
Are Bookstores Just a Waste of Space? - The New Yorker (No paywall)
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[[link removed]}&lead=419599&emailid=52039&nl=international]
The pandemic wasn’t good for much, but it was good for bookstores.
Exactly how good is a little hard to measure. For all sorts of
reasons, the data on book sales, bookstores, and most things bookish
are notoriously inexact. Not only is there no settled definition of
what counts as a bookstore; there is no settled definition of what
counts as a book.
Work
British tech entrepreneur Mike Lynch reported missing after superyacht
sinks off Sicily
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
In his role as a venture capitalist, Lynch was closely involved in
helping British cybersecurity firm Darktrace and legal software
startup Luminance get off the ground, backing both firms with sizable
sums.
Work
LVMH CEO Bernard Arnault's family office goes shopping for AI startups
[[link removed]}&lead=419599&emailid=52039&nl=international]
While famous for his dedication to luxury craftsmanship, historic
brands, and emotional connections to designs and artists, Arnault is
also a big technology fan with a history of backing successful tech
startups. His family office was an early investor in Netflix in 1999,
Spotify in 2014 and Airbnb in 2015.
Work
Ted Baker: What went wrong for the British fashion label?
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Susannah Streeter, head of money and markets at Hargreaves Lansdown,
said that while bigger operations like Next and M&S were able to
"switch focus" to establish digital channels and more laid-back
ranges, "Ted Baker floundered as the company failed to shift gears".
Work
Israel Accepts Proposal to Bridge Differences on Cease-Fire, Blinken
Says
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Mr. Netanyahu’s office said in a statement that the meeting with Mr.
Blinken had been “positive” and that the prime minister had
“reiterated Israel’s commitment to the current American proposal
on the release of our hostages, which takes into account Israel’s
security needs, which he strongly insists on.”
Work
Phil Donahue, Talk Host Who Made Audiences Part of the Show, Dies at
88
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Few subjects, if any, were off limits for Mr. Donahue, who was said to
have told his staff, “I want all the topics hot.” It mattered
little that at times the subjects made some viewers, and local station
managers, squirm. His very first guest was guaranteed to stir
controversy: Madalyn Murray O’Hair, at the time America’s most
famous, and widely unpopular, atheist.
Work
At Least 1 Dead and 6 Missing After Yacht Sinks Off Sicily
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
One of those unaccounted for is Mike Lynch, a British software mogul
who was acquitted in the United States in June of fraud, according to
a person with knowledge of the matter who spoke on the condition of
anonymity because they were not authorized to speak publicly about it.
Work
Apple's ninth-generation iPad hits an all-time low of $199
[[link removed]}&lead=419599&emailid=52039&nl=international]
It’s worth keeping in mind that this model uses a Lightning
connector rather than the USB-C that Apple has shifted its product
lineup toward. It includes a charger in the box, but you may want to
consider that if you’ve already chucked all your old Lightning
cables. On the other hand, some may consider it a bonus that it still
includes Apple’s now-defunct headphone jack.
Work
Waymo's sixth-generation autonomous fleet has fewer sensors 'without
compromising safety'
[[link removed]}&lead=419599&emailid=52039&nl=international]
Waymo says the new generation already has thousands of miles of
real-world driving experience (and “millions more” in
simulations). The company expects it to be ready for consumers sooner
than previous models — about half the time — thanks to learning
from the system’s “shared knowledge” from its previous
generations.
Work
What margins? AI's business model is changing fast, says Cohere
founder | TechCrunch
[[link removed]}&lead=419599&emailid=52039&nl=international]
Some parents have reservations about the South Korean government’s
plans to bring tablets with AI-powered textbooks into classrooms,
according to a report in Financial Times. The tablets are scheduled
to…
Work
Swarmbotics founders grew 'obsessed with robot swarms' and now plan to
bring them to the battlefield | TechCrunch
[[link removed]}&lead=419599&emailid=52039&nl=international]
Some parents have reservations about the South Korean government’s
plans to bring tablets with AI-powered textbooks into classrooms,
according to a report in Financial Times. The tablets are scheduled
to…
Work
5 days left to secure ticket savings for TechCrunch Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
Some parents have reservations about the South Korean government’s
plans to bring tablets with AI-powered textbooks into classrooms,
according to a report in Financial Times. The tablets are scheduled
to…
Work
ElevenLabs' text-to-speech app Reader is now available globally |
TechCrunch
[[link removed]}&lead=419599&emailid=52039&nl=international]
Some parents have reservations about the South Korean government’s
plans to bring tablets with AI-powered textbooks into classrooms,
according to a report in Financial Times. The tablets are scheduled
to…
Work
AMD, Palantir, fuboTV: Top stocks making news today
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
The preliminary injunction comes after fuboTV filed a lawsuit against
the media giants behind the joint venture in February, seeking to
block the service. At the time, fubo cited "the extreme suppression of
competition in the US sports-focused streaming market."
Work
Looking for work is a struggle and headhunters are making it even
harder--More than 8 in 10 recruiters say they post 'ghost jobs'
[[link removed]}&lead=419599&emailid=52039&nl=international]
“The empowered job seeker isn't just empowering themselves through
the use of technology to boost their brand,” she says. “The
empowered job seeker is also putting out information that is
supporting other job seekers in a very powerful way. And that includes
reviewing companies and talking about what is working and what's not
working with certain companies.”
Work
Jorge Ramos, the Voice of Latino America - The New Yorker (No paywall)
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
For decades, his voice was omnipresent in Latino households. Two
million people tuned in to Univision every night to watch the man with
silver hair and pale-green eyes deliver the headlines in a clear,
level tone. If war broke out in Latin America or a leader was deposed,
if inflation soared in the United States or deportations went up, he
would be on the story. The news, he’d say, needed to go out on time
or it would rot. Poll after poll ranked him among the most influential
Latinos in the United States; during his thirty-eight years as an
anchor at Univision, the network’s standing came to rival that of
the Catholic Church. He drew comparisons to both the avuncular
American broadcaster Walter Cronkite and the combative Italian
reporter Oriana Fallaci, but his audience saw him most importantly as
a fellow-immigrant—someone who, like them, was working to decode the
mores of his adopted home. He embodied the power of a community that,
in four decades, has grown from fifteen million people to more than
sixty million. He believed firmly in Cesar Chavez’s prediction, from
1984: “We’ve looked into the future, and the future is ours.”
Work
DNC LIVE UPDATES: Protesters clash with Chicago cops, businesses board
up
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Thousands of protesters already are flooding the streets of Chicago
amid heightened security ahead of today's kickoff of the 2024
Democratic National Convention. Follow Newsweek's live blog for the
latest updates.
Work
Complex, Hidden Landscape Mapped a Mile under Greenland Ice -
Scientific American (No paywall) [[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
Scientists have been trying for decades to uncover the true geology of
Greenland, an island one-third the size of Australia and almost
entirely concealed under mile-deep ice sheets. For a recent study in
Geophysical Research Letters, scientists constructed a new map that
suggests geological details and dramatic terrain hidden underneath the
ice.
Work
6 Things to Watch For at the Democratic Convention
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
A handoff from a Clinton: Hillary Clinton is set to speak on Monday
night, and thoughts about what might have been will not be lost on
anyone in the hall. In 2016, Mr. Trump defeated her in her bid to be
the first female president, a loss that some Democrats argued was at
least in part a sign of Americans’ unwillingness to elect a woman to
the nation’s highest office.
Work
All eyes are on Jerome Powell at Jackson Hole as investors wait for
interest rate cuts
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international]
While such rate cuts won’t instantly transform Americans’
lifestyles, they provide crucial insights into economic performance
and the outlook for monetary policy. These decisions have broader
implications, affecting not only the U.S. economy but also global
financial markets.
Work
The top 10 Labor Day travel destinations in America
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[[link removed]}&lead=419599&emailid=52039&nl=international]
“This is the time of year to go on an Alaska cruise,” Paula
Twidale, senior vice president of AAA Travel, said in a statement.
“There are fewer crowds compared to earlier in the summer, and if
you’re lucky, you might even catch a glimpse of fall colors! It’s
no surprise Alaska cruises are sold out this Labor Day weekend.”
Work
The mind-bending mirrors behind advanced technology
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
“The semiconductor industry has this dominating strong roadmap which
provides a drumbeat for all players contributing to the solution. With
this, we are able to provide progress in terms of microchip
fabrication which today allows things like artificial intelligence
which were unthinkable even ten years ago,” says Dr Rohmund.
Work
UK tech tycoon Mike Lynch among six missing after yacht sinks
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
The sinking of the yacht came on the same day that Mr Lynch's
co-defendant in the fraud case, Stephen Chamberlain, was confirmed by
his lawyer as having died after being hit by a car in Cambridgeshire
on Saturday.
Work
London City Airport passenger cap to rise from 6.5 to 9m
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
She said: “I remain deeply concerned that our residents will be
seriously harmed by the impact of further air-flight noise with
today’s decision to allow an increase in flights in the early
mornings throughout the rest of the week.
Work
Warning Signs Flash in a Labor Survey as Fed Officials Watch for
Weakness
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
But the slowdown in the labor market has not been widely backed up by
other data. Jobless claims have moved up but remain relatively low.
Consumer spending remains robust, with both overall retail sales data
and company earnings reports suggesting that shoppers continue to open
their wallets.
Work
Carl Icahn to Pay $2 Million to Settle S.E.C. Charges
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Shares of Icahn Enterprises fell roughly more than 1 percent in Monday
morning trading. Its stock is down more than 60 percent since
Hindenburg released a report last year accusing the company of running
“Ponzi-like economic structures.” Short sellers profit when stock
prices fall. Hindenburg said Icahn Enterprises was paying shareholders
a dividend it could not afford. In August 2023, Icahn Enterprises cut
its dividend in half.
Work
'World News Tonight' Producer Named President of ABC News
[[link removed]}&lead=419599&emailid=52039&nl=international]
Benjamin Mullin reports on the major companies behind news and
entertainment. Contact Ben securely on Signal at +1 530-961-3223 or
email at
[email protected]. More about Benjamin Mullin
Work
For Abortion Providers, a Tough Business Gets Even Tougher
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
“Dobbs was percolating and it became apparent that the Supreme Court
was likely to overturn Roe v. Wade,” Dr. Russo said in an interview
earlier this year. “Our thinking was that patients could come to
L.A. if they lived west of the Mississippi.”
Work
What Business Wants to Learn About Harris
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
The race is on to define Harris for voters. Her campaign announced an
enormous $370 million ad blitz after Labor Day, focused on
battleground states. “We have to make sure that voters know her,”
Quentin Fulks, her principal deputy campaign manager, told The Times.
Work
A Personalized Brain Pacemaker for Parkinson's
[[link removed]}&lead=419599&emailid=52039&nl=international]
The researchers found that for Mr. Connolly and the three other
participants, the individualized approach, called adaptive deep brain
stimulation, cut in half the time they experienced their most
bothersome symptom.
Work
This Spider Uses a Light Show to Trick Eager Male Fireflies Into Its
Web
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
To see if this altered flashing could be luring more males to their
doom, the team identified a whopping 161 webs with a trapped male
firefly and randomly assigned one of four conditions to them: Either
they removed the spider, blackened out the firefly’s lanterns with
ink, did both or did neither. They then diligently monitored each web
every five to 10 minutes and recorded how many new males were caught.
Work
Matthew Perry's Death Shines a Harsh Light on Ketamine Treatment
[[link removed]}&lead=419599&emailid=52039&nl=international]
“Matthew Perry sought treatment for depression and anxiety and went
to a local clinic where he became addicted to intravenous ketamine,”
Anne Milgram, the head of the federal Drug Enforcement Administration,
said at a news conference last week. “When clinic doctors refused to
increase his dosage, he turned to unscrupulous doctors who saw Perry
as a way to make quick money.”
Work
A New Treatment for Severe Allergic Reactions -- Without the Needle
[[link removed]}&lead=419599&emailid=52039&nl=international]
[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Ilana Golant, founder and chief executive of the Food Allergy Fund,
said she knew parents who had been so nervous to give the shot that
they had missed the window to stave off a serious reaction, landing
their child in the hospital.
Work
What to Know About the Blue Supermoon
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Supermoons, full moons and blue moons occur on their own, but it’s
not often that they all happen at the same time. According to NASA,
roughly 25 percent of full moons are supermoons, and only 3 percent of
full moons are blue moons. From Sunday through Wednesday morning,
they’ll occur simultaneously.
Work
Top Harris campaign donors have dozens of private, VIP events this
week. Here's the schedule
[[link removed]}&lead=419599&emailid=52039&nl=international]
The Trump team, meanwhile, raised just $138.7 million in July, less
than half of what Harris pulled in. After having outpaced Biden's
fundraising in June, the Trump team had some cash reserves to help pad
the bottom line.
Work
Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but
might end EV tax credit
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Former President Donald Trump on Monday said he would offer Tesla and
SpaceX CEO Elon Musk a Cabinet position or an advisory role in his
administration if he wins a second term in the White House.
Work
Former New York Rep. George Santos pleads guilty to wire fraud,
identity theft
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
A month later, Samuel Miele, who had raised money for Santos'
campaign, pleaded guilty to wire fraud in connection with
impersonating a top aid to former House Speaker Kevin McCarthy while
soliciting donations for Santos. Miele also admitted to charging the
credit cards of donors for personal expenses.
Work
Google IPO banker tracks two-decade journey from Silicon Valley
upstart to $2 trillion
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
Google now stands accused of stifling innovation by U.S. and European
regulators, and although the company is at the forefront of the
generative AI platform shift, search and advertising â still its
bread and butter â is facing its biggest existential threat in
decades.
Work
Trump Media shares sink to post-merger low as DJT slump continues
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
But he is free to post political messages on any site without
restriction, and he has recently exercised that ability by posting on
X and TikTok, two social media giants whose audiences dwarf Truth
Social's.
Work
Watch now: ETF Edge on capturing profitable small caps and diving back
into dividends
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[[link removed]}&lead=419599&emailid=52039&nl=international&hashtags=tradebriefs&via=TradeBriefs]
CNBC's ETF Edge is dedicated to the fastest-growing trend in investing
right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of
top market participants to offer educational and actionable advice to
help you build your best portfolio.
TradeBriefs Publications are read by over 10,00,000 Industry
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