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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

Visualizing Gold Consumption vs. Domestic Supply

China ranks second, with demand driven primarily by gold’s role as a
store of value, especially by the People’s Bank of China. Central
banks seek gold as a hedge against inflation and currency devaluation.
Since 2022, the People’s Bank of China has increased its gold
reserves by 316 tonnes.

Continued here
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_TradeBriefs: Newsletters for Decision-Makers!_

Work

Civil rights groups condemn senator's questioning of Arab American
witness
[[link removed]}&lead=419599&emailid=66396&nl=daily]
"[T]he only Muslim witness faced biased questions about supporting
Hamas & Hezbollah despite her clear condemnations," she wrote on X.
"This hearing should combat hate, not perpetuate it. The Senate must
do better."

Work

Bank of Japan expected to stand pat; All eyes for clues on timing of
next hike - WSJ (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
The central bank shifted away from more than two decades of ultralow
or even negative interest rates when it raised short-term interest
rates into positive territory in March and again to 0.25% at its last
meeting in July this year.















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The centrality of stupidity in mathematics - Math For Love
[[link removed]}&lead=419599&emailid=66396&nl=daily]
The Importance of Stupidity in Scientific Research – published in
2008 in the Journal of Cell Science – is one of those wonderful
essays that turns your understanding of “being smart” on its head.
There are enough implications for education here that it’s worth
reading the entire thing.

Work

Lithium gets a charge, but oversupply still looms - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=66396&nl=daily]
Lithium, which is used to make batteries for both gadgets and electric
vehicles, has been on a roller-coaster ride in recent years. Its price
skyrocketed in 2021 and 2022, only for a subsequent plunge to wipe out
all those gains. Lithium prices are now down nearly 90% from their
peak in 2022.














Work

Want an iPhone 16 review? Just ask Joannabot - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=66396&nl=daily]
It happens every year: Summer fades, kids shuffle back to school and I
review the latest iPhones. But not this year. This year, I handed the
job to AI. At least…part of the job.

Work

Superyacht and private jet tax could raise 2bn a year, say campaigners
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Fair taxes on superyachts and private jets in the UK could have
brought in £2bn last year to provide vital funds for communities
suffering the worst effects of climate breakdown, campaigners say.














Work

History says these 5 sectors are poised for double-digit gains within
a year after the Fed cuts rates - Business Insider (No paywall)
[[link removed]}&lead=419599&emailid=66396&nl=daily]
Markets know that the Federal Reserve will lower rates at its
September meeting, but there's an unusual level of uncertainty about
how much rates will be lowered. As expected, the Fed has been coy
about cuts, leaving markets torn between pricing in a 25- or
50-basis-point reduction.

Work

These Mormon influencers turned their shocking scandal into a reality
TV show. It's been good for business. - Business Insider (No paywall)
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"I'd love to see people's love story. Here's mine," she captioned a
30-second video, encouraging her followers to turn the idea into "a
new trend." The TikTok flashes from pictures of her husband Tate
proposing, to snaps of her pregnant belly, to professionally shot
photos of their two children, Indy and Ocean, as Olivia Rodrigo's song
"Favorite Crime" plays.














Work

Scuba-Diving Lizards Create an Air Bubble Over Their Heads to Swim
Underwater - Discover Magazine (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
For humans, living in a bubble is a figurative coping mechanism. For
water anoles, it is a literal description of an underwater survival
strategy. The semi-aquatic lizards found in Costa Rica’s forests
sometimes escape attackers by breathing a bubble over their heads that
act as a scuba helmet when they dive and swim to safety, according to
a report in Biology Letters.

Work

Daniel Lubetzky, Founder of Kind Snacks, Joins 'Shark Tank' - Inc.com
(No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
A new Shark is prowling the tank. Daniel Lubetzky, serial
entrepreneur, investor, and founder is officially joining ABC's Shark
Tank full-time for the show's 16th season, which premieres on ABC on
October 18, 2024.














Work

Research: Flat Hierarchies Can Discourage Women Applicants - Harvard
Business Review (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
Many firms struggle to attract a diverse talent pool, particularly
women. To stand out, companies often tout flatter organizational
structures in their recruitment materials, assuming these unique
features will appeal to a more diverse group of prospective employees.
However, new research uncovers a surprising finding: highlighting a
flatter hierarchy may, instead, diminish women’s representation in
the applicant pool. Additional findings suggest that women tend to
perceive flatter organizations as more difficult to fit into,
burdening them with a heavier workload, and offering fewer career
advancement opportunities. This research indicates that companies
should carefully consider how they present their organizational
structure to job seekers to avoid unintentionally discouraging women
from applying.

Work

Bernie Sanders keeps the heat on Novo's high prices - STAT (No
paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
Good morning. My colleague Ed Silverman, who I view as the foremost
expert on drug patents (and coffee flavors), has been taking a closer
look at patent claims to bring us an exclusive analysis. We get into
all of that today.














Work

How Will Interest Rate Cut Impact Election? Here's What To Know As Fed
Makes First Cut Since 2020 - Forbes (No paywall)
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The Federal Reserve announced its first interest rate cut in four
years Wednesday, one of its most consequential decisions in recent
memory, a move likely to be panned by former President Donald Trump
and celebrated by Vice President Kamala Harris.

Work

The Age of Scams [[link removed]}&lead=419599&emailid=66396&nl=daily]
Earlier that day, she had received a call from a phone number with the
same area code as Cotelingham’s father in Louisiana. When she
answered, someone identifying themselves as a U.S. customs officer
said the government had found a package addressed to Cotelingham that
contained stolen passports and driver’s licenses. She was in a lot
of trouble; law enforcement was going to call her back. When
Cotelingham’s phone rang next, the number that came up was from
local police, who told her the FBI would be in touch. Minutes later,
she got a call from a number that matched the bureau’s. The person
on the line told Cotelingham that she could get out of the mess by
depositing $18,000 into a Bitcoin machine.














Work

Why Trump's lies about Haitians are different
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As I’ve been thinking about Donald Trump and JD Vance’s reckless
lies about Haitians eating cats in Ohio, I keep coming back to one
question: What makes this different from all the other things
they’ve said about immigrants?

Work

DOJ says Baltimore bridge collapse "entirely avoidable," sues for
$100m
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The U.S. Justice Department has filed a lawsuit in response to the
March collapse of the Francis Scott Key Bridge in Baltimore, claiming
the disaster was "entirely avoidable" and now seeks $100 million to
cover cleanup costs.













Work

Craigslist founder pledges $100 million to boost U.S. cybersecurity -
WSJ (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
Half the money will go toward protecting infrastructure such as power
grids from cyberattacks. The other half will go toward educating
people about the importance of simple safeguards that are often
ignored, such as using password managers and updating software.

Work

How Biden let Europe slip away - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=66396&nl=daily]
The Biden administration hasn’t been good for the trans-Atlantic
alliance. This might seem a surprising claim, given that Joe Biden’s
team and Kamala Harris’s campaign have touted improved U.S.-European
ties as their greatest foreign-policy achievement. To be sure, the
administration has devoted greater attention to Europe than any other
region and shifted U.S. policy toward European Union preferences on a
range of issues, from the Iran nuclear deal to the Paris climate
accord. But after 3½ years, there is surprisingly little to show in
tangible benefits for the U.S.

Work

Lionsgate signs a deal with the devil (an AI startup)
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Surely this won't impact creators at all!

Work

How these SaaS startups are making life harder for everyone else - WSJ
(No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
Hot streaks at a few software-as-a-service (SaaS) startups are driving
the measure of success out of reach for many others, undermining the
also-rans’ prospects for the most lucrative exits.

Work

Musk Finds a Way Around Brazil's X Ban
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Days later, a separate company controlled by Mr. Musk, the
satellite-internet provider Starlink, told Brazilian regulators it
would continue to deliver X directly to Brazilians from satellites in
space. Starlink later backed down after regulators made clear the
company would lose its license in Brazil.

Work

Tyson Faces Lawsuit Over Labeling of 'Climate-Smart' Beef
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According to its website, Tyson produces about 20 percent of the beef,
pork and chicken in the United States, as well as other foods under
brands like Jimmy Dean and Hillshire Farm, and is one of the world’s
largest food companies. The company detailed its plans to achieve
net-zero emissions by 2050 in a 2022 sustainability report.

Work

Powell downplays impact of rate cut on Trump-Harris presidential race
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In the wake of the pandemic, inflation shot up to a 40-year high,
making grocery bills, housing, gas and other day-to-day living costs
more expensive for American consumers. To cool down the economy, the
Fed began hiking interest rates in March 2022, further squeezing
consumer budgets.

Work

Boeing starts furloughing tens of thousands of employees amid
machinist strike
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Ortberg said that "activities critical to our safety, quality,
customer support and key certification programs will be prioritized
and continue" including production of its 787 Dreamliners, which are
made in a nonunion facility in South Carolina.

Work

Report: Google offered to sell AdX to end EU antitrust suit
[[link removed]}&lead=419599&emailid=66396&nl=daily]
The European Commission began this push against the company's ad arm
last June. The UK's competition watchdog also raised the alarm over a
possible Google ad monopoly earlier this month. Google is also
currently being sued by the Department of Justice over the same topic
in the US.

Work

Neuralink says the FDA designated its Blindsight implant as a
'breakthrough device'
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Those are lofty claims and Neuralink is some way off from being able
to fully restore sight to someone who has lost it, if it’s ever
actually able to do that. It's not the first company or research team
to work on vision-restoring implants either. Meanwhile, as TechCrunch
points out, it's unlikely that Blindsight or similar tech can help
people who have been blind since birth, given that such people have
not "developed the biological capacity for seeing through their eyes."

Work

GM electric vehicles can finally recharge at Tesla Supercharger
stations
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Earlier this year, Ford EV owners started being able to charge their
vehicles at Tesla’s Superchargers. Subaru, Hyundai and basically
every other major automaker in the US also made similar announcements
last year. That GM took well over a year to release adapters could be
due to Tesla firing its entire Supercharger team in April, according
to a report from Forbes.

Work

Families of Americans ensnared in DRC coup plot assert their innocence
[[link removed]}&lead=419599&emailid=66396&nl=daily]
Marcel Malanga, testifying last month, claimed he and Thompson had
been “beaten and tortured” after they were captured. Others who
were charged complained of inhumane treatment at the high-security
military prison in Kinshasa in which they were held, and of being
tortured by military police for confessions.

Work

Poor NHS maternity care in danger of becoming normalised, regulator
warns
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“The NHS may be in deep trouble right now from a UK perspective, but
it is all relative. The US is worse on nearly all accounts,” said
the report’s co-author Reginald Williams II. “While waitlists may
be an issue and facilities need upgrades, the cost of health is not
bankrupting individuals [as it is in the US].”

Work

JP Morgan's head of startup banking says 'Founder Mode' won't get you
a unicorn
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Subscribe to us on Apple Podcasts, Overcast, Spotify and all the
casts. You also can follow Equity on X and Threads, at @EquityPod. For
the full episode transcript, for those who prefer reading over
listening, check out our full archive of episodes over at Simplecast.

Work

Fal.ai, which hosts media-generating AI models, raises $23M from a16z
and others | TechCrunch
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Fal intends to spend the bulk of the capital it’s raised so far on
upgrading its inference optimization product to make it self-serve.
The company is also establishing a research team that’ll focus on
model optimizations and will join Fal’s 17-person staff.

Work

Fisker reverses course on making Ocean owners pay for recall repairs |
TechCrunch
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On Tuesday, California governor Gavin Newsom signed some of
America’s toughest laws yet regulating the artificial intelligence
sector. Three of these laws crack down on AI deepfakes that could
influence…

Work

Luminate's hair-saving chemo helmet nears release, as new funding goes
toward home cancer care | TechCrunch
[[link removed]}&lead=419599&emailid=66396&nl=daily]
On Tuesday, California governor Gavin Newsom signed some of
America’s toughest laws yet regulating the artificial intelligence
sector. Three of these laws crack down on AI deepfakes that could
influence…

Work

Edera is building a better Kubernetes and AI security solution from
the ground up | TechCrunch
[[link removed]}&lead=419599&emailid=66396&nl=daily]
On Tuesday, California governor Gavin Newsom signed some of
America’s toughest laws yet regulating the artificial intelligence
sector. Three of these laws crack down on AI deepfakes that could
influence…

Work

Amplify your brand by hosting a Side Event at Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=66396&nl=daily]
On Tuesday, California governor Gavin Newsom signed some of
America’s toughest laws yet regulating the artificial intelligence
sector. Three of these laws crack down on AI deepfakes that could
influence…

Work

Generative AI startup Runway inks deal with a major Hollywood studio |
TechCrunch
[[link removed]}&lead=419599&emailid=66396&nl=daily]
On Tuesday, California governor Gavin Newsom signed some of
America’s toughest laws yet regulating the artificial intelligence
sector. Three of these laws crack down on AI deepfakes that could
influence…

Work

Vanguard Buys Dollars Saying Fed Rate-Cut Bets Gone Too Far
[[link removed]}&lead=419599&emailid=66396&nl=daily]
Koutny said the market is probably underpricing the extent of rate
cuts by the European Central Bank. He’s put on a relative trade
using short-dated securities in the US and European markets that pays
out if investors trim bets on Fed easing or boost wagers on ECB cuts.

Work

Apple Mobile Processors Are Now Made in the USA. By TSMC
[[link removed]}&lead=419599&emailid=66396&nl=daily]
Apple’s A16 SoC, which first debuted two years ago in the iPhone 14
Pro, is currently being manufactured at Phase 1 of TSMC’s Fab 21 in
Arizona in small, but significant, numbers, my sources tell me. Volume
will ramp up considerably when the second stage of the Phase 1 fab is
completed and production is underway, putting the Arizona project on
track to hit its target for production in the first-half of 2025.

Work

New details in Hezbollah pager attack point to supply-chain breach by
Israel - WSJ (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
BEIRUT—A picture began to emerge Wednesday of a highly complex
attack carried out by Israel, after thousands of pagers carried by
members of Lebanese militant group Hezbollah exploded around the same
time a day earlier.

Work

Why the words we use in physics obscure the true nature of reality -
New Scientist (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
Growing up in the US during the oil embargo of the early 1970s, I was
bombarded by public service announcements encouraging people to
conserve energy. But at a very young age, I also read that “energy
is always conserved”, according to physics. This baffled me. If
nature automatically conserves energy, why would human efforts to do
so be needed?

Work

Hear the Mysterious Deep-Ocean Sound Called 'Biotwang' that Scientists
Have Finally Identified - Scientific American (No paywall)
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Recorded by microphones deep in the ocean, the unexplained sound—a
low, sonorous grunting followed by a squeaky, mechanical echo, like a
frog burping in space—first rumbled through a computer speaker about
a decade ago. Baffled researchers called it the “biotwang.”

Work

The French Perfumer Behind the Internet's Favorite Fragrance - The New
Yorker (No paywall) [[link removed]}&lead=419599&emailid=66396&nl=daily]
What does conspicuous consumption smell like? On a December afternoon
in 2013, the Parisian perfumer Francis Kurkdjian was scheduled to meet
with the renowned French crystal manufacturer Baccarat at the
company's chandelier-crammed headquarters, near the Arc de Triomphe.
The C.E.O. at the time, Daniela Riccardi, had commissioned Kurkdjian
to create a limited-edition fragrance to mark the company's
two-hundred-and-fiftieth anniversary. Baccarat planned to produce two
hundred and fifty diamond-cut crystal flacons of the new perfume,
priced at three thousand euros each, and wanted the scent to reflect
the quality and opulence of its vessel.

Work

House Defeats Johnson's Spending Plan With Shutdown Looming
[[link removed]}&lead=419599&emailid=66396&nl=daily]
In the hours before the vote, Mr. Trump posted on social media that if
Republicans did not get “every ounce” of the citizenship
verification bill, they should not agree to a measure to keep
government funding flowing “in any way, shape, or form.” He
charged, baselessly, that Democrats were “registering Illegal Voters
by the TENS OF THOUSANDS, as we speak,” adding, “They will be
voting in the 2024 Presidential Election.”

Work

On 'Survivor,' Talking Politics Could Get You Voted Off the Island
[[link removed]}&lead=419599&emailid=66396&nl=daily]
On Wednesday evening, in the thick of another heated election year
with Mr. Trump on the ballot, the 47th season of “Survivor” will
premiere on CBS. One of the contestants is uniquely known for his
politics: Jon Lovett, a 42-year-old host of the popular liberal
podcast “Pod Save America” and a former speechwriter for Barack
Obama. But there is no indication that his presence on the island will
lead to any more of a political season than usual.

Work

Vance Complains About Democrats Using 'Fascist.' Trump Uses It Often.
[[link removed]}&lead=419599&emailid=66396&nl=daily]
“As President Trump correctly points out, Kamala Harris is a radical
leftist, Marxist, communist and fascist because she is hell bent on
destroying America by continuing her disastrous policies that have
hurt people all across the country,” Mr. Cheung said. Mr. Trump has
also called for Democrats to tone down their speech, using his own
harsh language to do so.

Work

Frederick Schauer, Scholar Who Scrutinized Free Speech, Dies at 78
[[link removed]}&lead=419599&emailid=66396&nl=daily]
“That does not necessarily mean that the rest of the world is right
and the United States wrong,” Professor Schauer was quoted as saying
in a profile in the Virginia Journal, “but it does suggest that it
is a mistake to assume that free speech does not compete with other
legitimate concerns, and a mistake to fail to recognize that we
protect speech not because it is harmless, but despite the harm it may
cause.”

Work

America's Oil Country Increasingly Runs on Renewables
[[link removed]}&lead=419599&emailid=66396&nl=daily]
“Every state is going to go through this. Texas just happens to be
the farthest along because we are growing our energy usage first,”
said Michael Lee, the chief executive of Octopus Energy U.S., a
subsidiary of the British electricity provider. “We’re seeing this
in every other state, and all over the world.”

Work

Far From Ohio, Haitian Americans Feel the Sting of Threats in
Springfield
[[link removed]}&lead=419599&emailid=66396&nl=daily]
The United States is home to about 1.2 million people of Haitian
heritage, according to the U.S. Census Bureau. Since Haitians began
arriving in the 1950s amid political upheaval in their homeland, many
of them, and many of their U.S.-born children, have climbed the
socioeconomic ladder and integrated into American society.

Work

Amazon will boost pay for thousands of warehouse workers
[[link removed]}&lead=419599&emailid=66396&nl=daily]
In July, Amazon said its latest Prime Day event shattered its own
records, with over $14.2 billion in online sales driven by shoppers
seeking deals on household essentials, including Amazon Fire TV
Sticks, Glad trash bags, and snail serum.

Work

Daniel Lubetzky will be Shark Tank's new full-time Shark
[[link removed]}&lead=419599&emailid=66396&nl=daily]
I also think that in a time with so much division, it’s a show that
unites all Americans and teaches us about one of the most powerful
forces in society: the American enterprise system. It teaches us to be
kind to each other and support one another and to build together.

TradeBriefs Publications are read by over 100,000 Industry Executives
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