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- The top 25 stories curated by editors and fellow readers!
From the Editor's Desk
Visualizing the Growth in Working Age Populations Over 10 Years
As a result, the U.S. workforce is projected to grow at just 0.2%
annually over the next decade, roughly a quarter of the rate of
markets like India and Mexico. Given the low birth rates and aging
populations across many advanced economies, the world’s workforce is
set to change significantly, with implications for economic and
productivity growth.
India, ranking in third, is set to contribute 24.3% of the world’s
workforce over the next decade. With a current median age of 28.4, its
working age population is expected to surpass one billion by 2030.
These factors provide a significant competitive edge, especially in
the services and manufacturing sectors, while also driving increased
consumption among younger generations in the world’s most populous
country.
Continued here
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_TradeBriefs: Newsletters for Decision-Makers!_
Work
This Genomics Company Says It's Considering Acquiring 23andMe -
Inc.com (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
On Friday, Kian Sadeghi, founder of New York-based Nucleus, posted on
the company's Substack that Nucleus was "considering the possibility
of making a public offer" to acquire 23andMe. The post also noted
that the offer would be "contingent on financing, as well as
initiating and executing a successful negotiation."
India
From nuclear energy to AI to hosting the Olympics: Here are the key
takeaways from PM Modi's visit to the US | Business Insider India
[[link removed]}&lead=419599&emailid=68814&nl=daily]
With a packed agenda that included meetings with business leaders,
participation in the Quad Summit, and an address to the Indian
diaspora, the visit showcased India’s focus on a variety of issues.
India
Cousin Brother of the Bloodline Members has reportedly been added to
the WWE's NXT roster | WWE News - Times of India
[[link removed]}&lead=419599&emailid=68814&nl=daily]
WWE News: Hikuleo, cousin of Tama Tonga and Tonga Loa, has joined
WWE's NXT roster. Formerly with New Japan Pro Wrestling, he is set to
debut soon and may becom
India
'24 hours on the job': Awanish Kumar Awasthi on Yogi Adityanath's
contribution to UP's growth story | India News - Times of India
[[link removed]}&lead=419599&emailid=68814&nl=daily]
India News: During TOI Dialogues in Kanpur, Awanish Kumar Awasthi
highlighted Uttar Pradesh's transformation since 2017 under CM Yogi
Adityanath. He discussed adv
India
Reliance Power board approves preferential issue worth Rs 1,525 crore
[[link removed]}&lead=419599&emailid=68814&nl=daily]
(What's moving Sensex and Nifty Track latest market news, stock tips,
Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is
now on Telegram. For fastest news alerts on financial markets,
investment strategies and stocks alerts, subscribe to our Telegram
feeds .)
India
Waaree Energies gets Sebi nod for IPO, fresh issue worth Rs 3,000
crore
[[link removed]}&lead=419599&emailid=68814&nl=daily]
(What's moving Sensex and Nifty Track latest market news, stock tips,
Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is
now on Telegram. For fastest news alerts on financial markets,
investment strategies and stocks alerts, subscribe to our Telegram
feeds .)
India
'Is he secretly working for Dems?': JD Vance stirs controversy while
trying to target Kamala Harris, trolled for 'lying'
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Ohio Senator J.D. Vance linked rising egg prices to Vice President
Kamala Harris's policies during a campaign stop in Pennsylvania. His
claim that eggs cost $4 was disputed by viewers who noted the price
board behind him showed $2.99. Despite backlash, reports indicated
average egg prices in Pennsylvania were around $4.52.
India
After pager blasts, US moves against China over possible 'traffic
catastrophe'
[[link removed]}&lead=419599&emailid=68814&nl=daily]
The US Commerce Department is considering banning Chinese software and
hardware in connected and autonomous vehicles due to national security
concerns. This follows recent incidents involving booby-trapped pagers
in Lebanon. The regulation would prohibit the import and sale of
vehicles from China with key communications or automated driving
system components.
India
Optimistic Capital launches India's first microbrewery-focused fund
[[link removed]}&lead=419599&emailid=68814&nl=daily]
India's microbrewery sector is expected to triple by 2030, with over
1,000 microbreweries projected, compared to around 300 in 2024
India
Amazon scales up operations network to meet festive season demand
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Amazon India is making significant investments and scaling up its
operations network as it prepares to serve millions of customers
throughout India during the upcoming festive season
India
Lighthouse Advisors pares over 2% stake in V2 Retail for Rs 85 crore
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Private equity firm Lighthouse Advisors on Monday divested a 2 per
cent stake in value retail chain V2 Retail for Rs 85 crore via open
market transaction, while Motilal Oswal Mutual Fund acquired shares of
the company.
Work
Plan to refreeze Arctic sea ice shows promise in first tests - New
Scientist (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
Field trials indicate that pumping seawater onto the snow on top of
Arctic sea ice can make the ice thicker, offering a possible way to
preserve sea ice throughout the summer
Work
Why This Digital Leader Says Community Is The Next Big Social Platform
- Forbes (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
After spending three years at the online creator platform OnlyFans,
and just over a year and half of that as its CEO, Amrapali “Ami”
Gan stepped down to pursue her own venture: strategy and branding firm
Hoxton Projects. She also came across Communia, a secure social
platform for women to have honest and emotional conversations. This
summer, Gan joined Communia as a strategic partner and growth advisor.
Work
Mississippi election case ruling could have "national impact":
attorney
[[link removed]}&lead=419599&emailid=68814&nl=daily]
On Tuesday, the Fifth Circuit Court of Appeals is to hear oral
argument in RNC v. Wetzel, a lawsuit filed by the Republican National
Convention to disallow the counting of ballots that are received after
Election Day in Mississippi.
Work
Trump Leads in Key Sun Belt Battlegrounds, Polls Find
[[link removed]}&lead=419599&emailid=68814&nl=daily]
New polls published Monday by the New York Times and Siena College
show Donald Trump has gained a lead over Kamala Harris in Arizona and
remains ahead in Georgia and North Carolina, three crucial
battleground states that could determine the outcome of the election.
Work
How a surfer who never finished college became a biotech billionaire -
WSJ (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
There’s a myth that making money in biotechnology stocks requires an
advanced degree. But Robert Duggan, an avid surfer who never graduated
college, has proven that notion wrong. Twice.
Work
As AI matures, chip industry will look beyond GPUs, AMD chief says -
WSJ (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
Future computer chips may be able to help ease the alarming energy
demands of generative artificial intelligence, but chip makers say
they need something from AI first: a slowdown in the sizzling pace of
change.
Work
Electricity that costs nothing--or even less? It's happening more and
more - WSJ (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
Van Diesen’s situation reflects the strange, new dynamics of
electricity that could soon become the norm in many parts of the
world: A big increase in wind and solar power has pushed wholesale
prices to zero or below for many hours of the year, spurring a sea
change in the way people use power—based on whether the sun is
shining or the wind is blowing.
Work
Micron needs a new memory boost - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Since hitting an all-time high three months ago, the memory-chip
maker’s stock price has plunged 41%. That is far beyond the drubbing
most other chip stocks have taken in that time, as the market has
begun to cool on artificial-intelligence hype. Micron rode that wave
well: When the company reported its fiscal third-quarter results in
late June, its share price had logged a 12-month gain of 118%, second
only to Nvidia among stocks on the PHLX Semiconductor Index over that
period, according to data from S&P Global Market Intelligence.
Work
Amazon fell behind in AI. An Alexa creator is leading its push to
catch up. - WSJ (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
As one of the chief architects of Amazon’s Alexa, Rohit Prasad has
been at the vanguard of artificial intelligence. Now, he is leading
the company’s effort to catch up in the AI race.
Work
Eurozone faces contraction as Olympics shine fades - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Policymakers at the European Central Bank had hoped to tame inflation
without pushing the eurozone economy into contraction, but there are
growing signs that already anemic activity has weakened over recent
months as borrowing costs remain high.
Work
Section 230 catches up to AI - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Is TikTok toast? Fearing Chinese spying, the U.S. decided to ban
TikTok last April if it wasn’t sold by January 2025. TikTok owner
ByteDance refuses to sell and sued. At a U.S. Circuit Court of Appeals
for the District of Columbia hearing last week, Judge Douglas
Ginsburg, asked, “Why is this any different, from a constitutional
point of view, than the statute precluding foreign ownership of a
broadcasting license?"
Work
France's new coalition yanks the country a step to the right - The
Economist (No paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
EUROPE IS A continent of coalition governments, painful to forge and
fragile to maintain. Most European politicians are familiar with their
challenges. For Michel Barnier’s new French government, however,
which met for its first cabinet meeting on September 23rd, this form
of rule is a baffling novelty. For the first time since France’s
Fifth Republic was established in 1958, the country is now run by a
minority coalition government formed by rival parties that stood
against each other at legislative elections. Its survival depends on
keeping its lumpy mix of centrists and right-wingers together, and the
opposition against it divided.
Work
Will prescription drugs get prior authorization reform? - STAT (No
paywall) [[link removed]}&lead=419599&emailid=68814&nl=daily]
The animosity between the Federal Trade Commission and pharmacy
benefit managers has reached a boiling point. The FTC sued the
nation’s three biggest PBMs last week, accusing them and their
secretive group purchasing organizations of creating a “perverse”
system of rebates that specifically has driven up the price of
insulin, my colleague Ed Silverman reports.
Work
Sam Altman and former Apple executives are making an AI device
[[link removed]}&lead=419599&emailid=68814&nl=daily]
With that growth, OpenAI’s influence — and value — has continued
to snowball. A deal allowing employees to sell stakes in the company
valued OpenAI at $86 billion late last year, nearly triple what it was
earlier in 2023.With that growth, OpenAI’s influence — and value
— has continued to snowball. A deal allowing employees to sell
stakes in the company valued OpenAI at $86 billion late last year,
nearly triple what it was earlier in 2023.
Work
Democrats have embraced a surprising "America First!" approach on
climate
[[link removed]}&lead=419599&emailid=68814&nl=daily]
The US presidential campaign is in its final weeks and we’re
dedicated to helping you understand the stakes. In this election
cycle, it’s more important than ever to provide context beyond the
headlines, but in-depth reporting is costly. To continue this vital
work, we have an ambitious goal to add 5,000 new members.
Work
Murder in U.S. Continues Steep Decline, F.B.I. Reports
[[link removed]}&lead=419599&emailid=68814&nl=daily]
“Perceptions of safety are not driven by numbers in spreadsheets,”
said Adam Gelb, the chief executive of the Council on Criminal
Justice, a nonprofit policy research group that produces its own
reports on crime in America. “They are about what people see and
hear and feel on the streets, on TV and in their social media feeds.
They are not sitting around studying the F.B.I.’s website.”
Work
Penn Suspends Amy Wax, Law Professor Accused of Making Racist
Statements
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Ms. Morey, the group’s director of campus rights advocacy, argued
that Penn had altered its customary disciplinary procedure to
prosecute Dr. Wax. She added that she was gratified that Penn had not
revoke Dr. Wax’s tenure, which she said was evidence of how flimsy
the accusations were.
Work
Government Watchdog Calls F.A.A. Air Traffic Control Systems
Critically Outdated
[[link removed]}&lead=419599&emailid=68814&nl=daily]
The accountability office’s examination was prompted by a severe
systems outage in January 2023 that resulted in thousands of flights
across the country being grounded. The F.A.A.’s Notice to Air
Missions system provides critical information to pilots about hazards
like runway closures and airspace restrictions. The outage was
determined to have been caused by contract personnel unintentionally
deleting files while working on the system.
Work
At U.N. Conference, Global Crises Collide With Fraught American
Politics
[[link removed]}&lead=419599&emailid=68814&nl=daily]
The world leaders are gathering at the U.N. as multiple global crises
are colliding with American politics in a way that could reshape how
the United States confronts the world’s most difficult problems.
Work
Inside a Trump Ad Hammering Harris Over Americans' Economic Woes
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Narrator: “Their Bidenomics led to the highest inflation in 40
years. Highest gas prices ever. Skyrocketing interest rates.
Unaffordable housing. Incomes down. Unemployment rising. And a
recession now headed our way. Yet Kamala Harris is clueless.”
Work
Melania Trump got paid almost a quarter-million dollars to speak to a
group of gay Republicans
[[link removed]}&lead=419599&emailid=68814&nl=daily]
This isn’t the first time the former first lady has received a hefty
payment for her presence. She received $250,000 to appear at a
different Log Cabin Republican event in 2022, and two other
quarter-million speaking fees for engagements elsewhere. She also
netted $155,000 to speak at a “Make America Great Again, Again”
Super PAC event in 2021, CNN reported.
Work
Intel needs Qualcomm -- but that's not a two-way street, Bank of
America says
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Therefore, analysts said, the potential to dominate the CPU market
would actually work against a takeover, because it could face
regulatory challenges. For example, the analysts noted Qualcomm’s
failed acquisition of Dutch semiconductor company NXP (NXPI) in 2018,
after it did not receive approval from China’s antitrust regulator.
Work
Americans have billions in unused gift cards
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Gift cards were the second-most popular holiday gift last year after
clothes, according to the National Retail Federation. Ted Rossman,
Bankrate Senior Industry Analyst, suggested that if you have a gift
card to a store you don’t like, consider selling it on a platform
like CardCash or Raise.
Work
Hotel workers across the country keep going on strike
[[link removed]}&lead=419599&emailid=68814&nl=daily]
“[...] Hyatt has a long history of cooperation with the unions that
represent our employees, including Unite Here Local 2,” Michael
D’Angelo, head of labor relations at Hyatt’s hotels in the
Americas, said. “We are disappointed that Unite Here Local 2 has
chosen to strike once again while Hyatt remains willing to continue
bargaining in good faith.”
Work
Kamala Harris said she would boost AI and crypto during a $27 million
New York fundraiser
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Although crypto isn’t expected to be a deciding factor in how many
Americans vote in an election defined by concerns about the economy,
immigration, abortion, and global conflict, the industry has been
dropping a lot of cash on the race. The crypto lobby has spent $119
million to influence federal elections in 2024, much of it through the
Fairshake political action committee, which received cash from Ripple,
Coinbase (COIN), and Andreessen Horowitz.
Work
US to ban Chinese tech in cars
[[link removed]}&lead=419599&emailid=68814&nl=daily]
John Bozzella, president and chief executive of Alliance for
Automotive Innovation, which represents big car companies, said that
though there was "very little technology - hardware or software in
today's connected vehicle supply chain that enters the US from China"
the rule would force some firms to find new suppliers.
Work
Storm That Could Threaten Gulf Coast Takes Shape in the Caribbean
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Heavy rain will spread across portions of Central America over the
next couple of days as this storm begins to take shape. As the storm
passes between Cuba and Mexico it will unleash anywhere from four to
eight inches of rain over western Cuba and the Cayman Islands with
isolated totals around 12 inches and up to six inches over the
Yucatán Peninsula.
Work
Muni bonds could see a 'fast-paced rally' after having best summer in
decades
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Bank of America and BlackRock both see opportunities in municipal
bonds. Here is what they like.
Work
U.S. billionaire Dan Friedkin agrees to buy EPL soccer club Everton
[[link removed]}&lead=419599&emailid=68814&nl=daily]
The club has seen interest from various buyers in recent years,
including U.S. private equity firm 777 Partners and more recently
American businessman John Textor. Earlier this year, The Friedkin
Group agreed a deal in principle to buy Everton but pulled out of
talks when it failed to reach an agreement.
Work
OpenAI CEO: We may have AI superintelligence in "a few thousand days"
[[link removed]}&lead=419599&emailid=68814&nl=daily]
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Work
Biden administration seeks ban on auto software from China
[[link removed]}&lead=419599&emailid=68814&nl=daily]
It’s worth noting that the BYD Seagull, as an example, sells for
around $10,000. This makes it much cheaper than American EVs, even
after getting slapped by that fat 100 percent tariff. A full-featured
EV for $20,000 sounds pretty nice right about now. Oh well. It was fun
to dream.
Work
Hurricane John poised to slam Mexico's Pacific coast with 100mph winds
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Otis blew out power in the city for days, left bodies scattered on the
coast and desperate family members searching for lost loved ones. Much
of the city was left in a state of lawlessness and thousands scavenged
in stores, scrambled for food and water.
Work
Iranian president accuses Israel of seeking wider conflict
[[link removed]}&lead=419599&emailid=68814&nl=daily]
He said he was seeking talks with the west about the war in Ukraine
and said that during his presidency no short-range missiles had been
sent from Iran to Russia for use in Ukraine, a formulation that leaves
out the US intelligence claim that a contract to send missiles was
probably signed last summer by his predecessor, Ebrahim Raisi.
Work
China Raises Retirement Age For The First Time In Decades: What It
Means For Global Pension Systems
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Elon Musk and Jeff Bezos are bullish on one city that could dethrone
New York and become the new financial capital of the US. Investing in
its booming real estate market has never been more accessible.
Work
Yardeni Says Fed Cut Raises Odds of 'Outright Melt-Up' in Stocks
[[link removed]}&lead=419599&emailid=68814&nl=daily]
BMO Capital Markets has the highest call for the US stock benchmark at
6,100, while Evercore ISI sees the gauge closing at 6,000 by year end.
On the other end of the spectrum, Barry Bannister, chief equity
strategist at Stifel Nicolaus & Co., warned last week that the market
is in a dot-com-bubble “Groundhog Day,” and said stocks could
plunge by up to 13% by the fourth quarter.
Work
Boeing makes a 'best and final offer' to striking union workers
[[link removed]}&lead=419599&emailid=68814&nl=daily]
On Friday, Boeing began requiring thousands of managers and nonunion
employees to take one week off without pay every four weeks under the
temporary rolling furloughs. It also has announced a hiring freeze,
reduced business travel and decreased spending on suppliers.
Work
Oil Falls After Iran Says It's Prepared to Ease Israel Tensions
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Meanwhile, from Mississippi to the Florida Panhandle, the US Gulf
Coast is at risk of a hurricane strike by the end of the week as a
patch of turbulent weather in the Atlantic becomes more organized.
Ahead of the storm, Shell Plc has curtailed production at the
Appomattox project and the Stones oil field in the Gulf, according to
a company statement.
Work
America's ambitious climate plan is faltering - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=68814&nl=daily]
Renewable energy is growing faster than expected. But surging demand
for power is sucking up much of that additional capacity and forcing
utilities to burn fossil fuels, including coal, for longer than
expected.
Work
Among the Gaza Protest Voters - The New Yorker (No paywall)
[[link removed]}&lead=419599&emailid=68814&nl=daily]
One of the few Jewish dynasties in American politics is the Levin
family of greater Detroit. They may not have the national name
recognition of the Cuomos or the Kennedys, but in Michigan politics,
from generation to generation, they have been impossible to miss. The
federal courthouse in Detroit is named for Judge Theodore Levin, who
served from the mid-nineteen-forties to the volatile end of the
sixties. The Port Authority building fronting the Detroit River is
named for Carl Levin, who represented Michigan in the U.S. Senate for
three dozen years and was eulogized in the Times, in 2021, as the
“scourge of corporate America.” Carl’s brother Sander (Sandy)
Levin, now in his nineties, retired from the House of Representatives
in 2019, and was succeeded by his son Andy Levin, who had been elected
to replace him. All are Democrats—all could even be called, with
some qualifications, progressive Democrats—but within that capacious
category there have always been fissures, and those fissures only grew
deeper last year, after the Hamas-led attacks of October 7th and
Israel’s invasion of Gaza.
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