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

From the Editor's Desk

Government Debt Projections for G7 Countries (2024-2029F)

When the Fed lowers the federal funds rate, it generally leads to
lower rates on Treasury bills and other short-term government
securities, which in return reduces its borrowing costs on newly
issued short-term debt. While this reduction in rates will help reduce
debt-servicing costs, the U.S. is still projected to see the biggest
increase in its gross debt of all G7 nations over the next five years.

Gross debt is the total value of all of a country’s liabilities at a
given point in time. Net debt is gross debt less a country’s
financial assets, including cash reserves or investments. The debt
figures in this infographic are of government debt, and don’t
include public sector debt from provincial or state-level debt.

Continued here
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_TradeBriefs: Newsletters for Decision-Makers!_

Work

Silicon Valley steps up staff screening over Chinese espionage threat
- FT [[link removed]}&lead=419599&emailid=69724&nl=daily]
Google, OpenAI and Sequoia Capital push to improve security practices
following high-profile spying cases

Work

The End of the iPhone Upgrade? - The New Yorker
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The largest Apple Store in Washington, D.C., occupies the neoclassical
shell of the former Carnegie Library. Last Friday, it opened two hours
early, at 8 A.M., for the launch of the new iPhone 16. Lines of buyers
waiting for the doors to open stretched across the plaza, but by 9
A.M., the allotted time for my prearranged phone pickup, there was no
queue to get into the building. All that remained outside were a few
security guards and a handful of protesters shouting into megaphones
and carrying signs about the war in Gaza and about Apples alleged role
in mining-labor abuses in Congo, where the company sources materials
including tin, tungsten, and gold. (Apple has said that it does not
source from mines that commit abuses.) Entering the stores white-cube
interior, customers were neatly sorted into relatively short pickup
lines and attended to by hovering staff, the company having long ago
done away with checkout counters and the other traditional trappings
of retail. Excitement was decidedly not in the air, which may have had
something to do with the slow plateauing of iPhone models.















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Chinas central bank tries to save the economy - The Economist
[[link removed]}&lead=419599&emailid=69724&nl=daily]
As Chinas economy has descended into deflation, the central banks lack
of urgency has been a source of frustration. Officials at the Peoples
Bank of China (PBoC) at first expressed confidence that deflation was,
so to speak, transitory. When it persisted, they worried less about
falling prices than about the side-effects of fighting them. They were
reluctant to ease monetary policy decisively as Chinas currency was
too weak, banks profit margins too slim and bond yields too low.

Work

Court Calls The Terms Of Ryan Breslows $450 Million Bolt Deal A
Prisoners Dilemma - Forbes [[link removed]}&lead=419599&emailid=69724&nl=daily]
The Delaware Court of Chancery has extended an order stalling Bolt
founder Ryan Breslows bid to raise $450 million, characterizing the
cram-down round as a prisoners dilemma for investors.














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Job Worries Loom as Consumer Confidence Dips - Inc.com
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The Conference Board, a business research group, said Tuesday that its
consumer confidence index fell to 98.7 in September, from 105.6 in
August. It was the biggest month-to-month decline since August of
2021.

Work

World's oldest cheese found on 3500-year-old Chinese mummies - New
Scientist [[link removed]}&lead=419599&emailid=69724&nl=daily]
The cheese remnants were first found about two decades ago, smeared on
the heads and necks of mummies found in the Xiaohe cemetery in
Xinjiang province, which date from around 3500 years ago.














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What Luxury Fashion Can Learn from the Wholesale Flower Market -
Harvard Business Review [[link removed]}&lead=419599&emailid=69724&nl=daily]
Online luxury fashion retailers have been experiencing losses, and
they all face the same challenges: How do you move inventory of a
product with ephemeral value without destroying the perceived value of
the brand? How do high-end brands differentiate their products and
communicate product quality to customers effectively when the online
environment removes several physical indicators? Billions have been
lost in the effort to square these circles, and the conventional
wisdom now is that low-margin online sales are a very different
business than high-margin fashion. This article suggests that the
application of the multichannel descending (or Dutch) auction method
used by FloraHolland, operator of the worlds largest wholesale flower
market, could give the online fashion platforms another chance.

Work

Ozempic linked to lower opioid overdose rate in those with diabetes,
study shows - STAT [[link removed]}&lead=419599&emailid=69724&nl=daily]
Prescriptions for semaglutide, which includes Ozempic and Rybelsus,
were linked to lower overdose rates among patients with type 2
diabetes who were also diagnosed with opioid use disorder, according
to a paper published Wednesday.














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Hezbollah fires ballistic missile at Mossad HQ
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The Lebanese political group confirmed the death of Ibrahim Kobeisi,
one of its top commanders who worked on the group's rocket and missile
unit, on Tuesday after he was reportedly killed during an airstrike in
a southern Beirut suburb.

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The one issue where Trump cant escape Project 2025
[[link removed]}&lead=419599&emailid=69724&nl=daily]
In reality, Project 2025, an initiative put together last year by the
right-wing Heritage Foundation to plan for the next GOP
administration, was shaped by longtime close allies of Trump. Detailed
planning for a second Trump term agenda along these lines is very
real, and though the Project 2025 initiative itself has seemingly
fizzled out, other groups have picked up the slack.














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See the Path of Tropical Storm Helene
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Tropical Storm Helene, which evolved from Tropical Cyclone nine,
continues to strengthen as it moves past Mexico and towards the
Florida coast Wednesday, the National Hurricane Center (NHC) said. It
is expected to become a hurricane later in the day.

Work

The New Shark Tank Star Replacing Mark Cuban Once Made A $220 Million
Blunder That Grew His Startup Into A $5 Billion Powerhouse
[[link removed]}&lead=419599&emailid=69724&nl=daily]
After more than 10 years as a regular on the program, Mark Cuban
decided to leave “Shark Tank” in order to spend more time with his
family. Having balanced business endeavors and TV appearances for
years, he now desired to devote himself to spending more time with his
wife and three kids before they left to pursue their own lives.














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OpenAI executive who briefly replaced Sam Altman as CEO is leaving
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Murati’s resignation comes four months after OpenAI co-founder and
former chief scientist, Ilya Sutskever, resigned from the company.
Sutskever was co-lead of the startup’s “superalignment” team,
which was focused on AI’s existential dangers, alongside Jan Leike,
who also resigned in May.

Work

An AI 'genius' founded a startup that imitates celebrity voices.
Google just paid him $2.7 billion
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Tech expert Scott Galloway said on his and tech journalist Kara
Swisher’s podcast Pivot in June that Microsoft took took the
“heart and lungs” of the company. Swisher added: “There’s
gonna be lawsuits in the AI area… And there should be.”














Work

GM's 'crappy' privacy statement is getting some changes after backlash
and a lawsuit
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In 2019, GM took a 35% stake in British connected car startup Wejo as
part of a deal that gave it access to drivers’ data, which Prolific
North reported was routinely sold at a loss. GM’s annual revenue
from its Smart Driver program was in the “low millions of dollars”
range, the Times reported.

Work

Sam Altman-backed nuclear startup Oklo to start site work for Idaho
microreactor
[[link removed]}&lead=419599&emailid=69724&nl=daily]
"Once we turn on that revenue operation, you're usually locked into a
20-year â and in some cases, potentially longer â power purchase
agreements," CEO said. "You're going to be getting the revenues for
the next 20 years and then growing from there."













Work

Prime Day deals include the Ring Pan-Tilt Indoor Cam for a record low
of $50
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Elsewhere, the regular Ring Indoor Cam has dropped to $30, which again
marks a record low. It's 50 percent off the usual price of $60.
Likewise, the Ring Stick Up Camera Pro is half off and has reached a
record low price. This model, which is designed to withstand regular
rain and snow while capturing footage in 1080p HDR, is on sale for
$90.

Work

How to watch Xbox's Toyko Game Show livestream
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The Xbox Tokyo Game Show 2024 Broadcast will be available to watch on
Tokyo Game Show's YouTube channel in Japanese, English and a range of
other languages. It will also offer audio descriptions in both
languages and Japanese and American Sign Language. You might have to
wake up pretty early for it, though, as the broadcast airs at 7PM JST,
which is 6AM ET or 3AM PT. Anyone based in the UK can catch it at a
more reasonable 11AM.

Work

California's 'click to cancel' subscription bill is signed into law
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The FTC has proposed a similar law last year that would apply across
the US, but the finalized rule is still to come. Meanwhile, if you're
having trouble cancelling a subscription Engadget created a guide on
how to do so with commonly used plans.

Work

US announces $424m in Sudan aid amid pleas to stop 'senseless' war
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Pointing out that Sudan is classified as the world's largest
humanitarian catastrophe, she said it was "heartening that the US had
stepped up with more funding, but it was deeply disappointing that
other countries have not done more, or circled back to see if they had
provided the funds they had promised".

Work

China test launches intercontinental ballistic missile for first time
in decades
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The Pentagon has predicted China will double its number of operational
nuclear warheads from about 500 now to 1,000 by the end of the decade.
The US and Russia respectively have 1,770 and 1,710 operational
warheads deployed. Of China’s current stockpile about 350 are ICBMs,
and the PLA is constructing hundreds of secret silos to contain the
land-based missiles, according to a 2023 Pentagon report.

Work

Zelenskyy is pitching his 'victory plan' on adverse terrain
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Asked about the gap between what Ukraine is asking for and what the US
is ready to provide, the US official replied: "I don't see it as a
real gap. Again, it's a substantive conversation about what the
military strategy is and the way that different weapons from different
sources might play a role. So it's not a gap, it's a problem to be
analysed in terms of a ceasefire."

Work

US thwarts French and British push for Lebanon ceasefire call at UN
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The Lebanese foreign minister, Abdallah Bou Habib, said the US
approach was “not promising”, adding: “It will not solve the
Lebanese problem. The US is the only country that can really make a
difference in the Middle East with regard to Lebanon.”

Work

Israel preparing for possible ground offensive in Lebanon, military
chief says
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Lebanon’s foreign minister, Abdallah Bou Habib, said the US was the
only country that could end the conflict, but expressed disappointment
after Biden addressed the UN on Tuesday. His remarks were “not
strong” and “would not solve the Lebanese problem”, Bou Habib
said.

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US Senate votes unanimously to hold hospital CEO in criminal contempt
[[link removed]}&lead=419599&emailid=69724&nl=daily]
“Dr de la Torre is using his blood-soaked gains to hide behind
corporate lawyers instead of responding to the United States
Senate’s demand for actions. But while he tries to run and hide, Dr
de la Torre is revealing himself for what he truly is – a physician
who places personal gain over his duty to do no harm,” he added.

Work

13 companies from YC Demo Day 1 that are worth paying attention to |
TechCrunch
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Two of the industry’s most famous sisters, Erin and Sara Foster, sit
down alongside business partner Phil Schwarz at TechCrunch Disrupt
2024 to talk about consumer investing, culture curation, and…

Work

Y Combinator's next Demo Day will include in-person seats for top VCs,
Garry Tan says | TechCrunch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Y Combinator recently expanded the number of startup cohorts each year
from two to four, adding both a fall and spring batch. The first fall
cohort kicks off on September 29. YC’s first spring program will
launch in 2025.

Work

Diagrid launches Catalyst to help enterprises build their
microservices | TechCrunch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Two of the industry’s most famous sisters, Erin and Sara Foster, sit
down alongside business partner Phil Schwarz at TechCrunch Disrupt
2024 to talk about consumer investing, culture curation, and…

Work

Erin and Sara Foster join the stage at Disrupt 2024 | Techcrunch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Two of the industry’s most famous sisters, Erin and Sara Foster, sit
down alongside business partner Phil Schwarz at TechCrunch Disrupt
2024 to talk about consumer investing, culture curation, and…

Work

Exclusive: Ayrton Energy mimics margarine to store hydrogen safely |
TechCrunch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Two of the industry’s most famous sisters, Erin and Sara Foster, sit
down alongside business partner Phil Schwarz at TechCrunch Disrupt
2024 to talk about consumer investing, culture curation, and…

Work

Toyota Ventures on the hydrogen plateau and the IRA funding crutch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
“At the end of the day, green products and climate tech products
have got to find a path to cost parity with the fossil fuel-based
alternatives,” Coca said. “We will never solve this if that
doesn’t happen…some consumers will pay up. They’ll pay the green
premium. But industry will not.”

Work

3 days left to score up to $600 in savings on Disrupt 2024 passes |
TechCrunch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Two of the industry’s most famous sisters, Erin and Sara Foster, sit
down alongside business partner Phil Schwarz at TechCrunch Disrupt
2024 to talk about consumer investing, culture curation, and…

Work

Micron stock jumps as Q1 revenue forecast tops analyst estimates
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The PHLX Semiconductor Sector Index (^SOX) has begun to recover from a
dip at the beginning of the month as tech stocks rallied following the
US Federal Reserve’s jumbo interest rate cut and the Chinese central
bank’s broad stimulus package. The index is up nearly 6% over the
past week.

Work

Breaking down Intel's wild week
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Intel’s PC and AI woes have left it as a potential takeover target,
which is where Qualcomm and Apollo enter the mix. Qualcomm, according
to the Wall Street Journal, wants to buy up Intel, though it’s
unclear if the company would hold on to all of Intel or sell portions
of its business segments. The deal is also sure to generate plenty of
antitrust concerns, as the companies are two of the most important
chip firms in the US.

Work

US Mortgage Rates Fall Again, Triggering Big Wave of Refinancing
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The MBA survey, which has been conducted weekly since 1990, uses
responses from mortgage bankers, commercial banks and thrifts. The
data cover more than 75% of all retail residential mortgage
applications in the US.

Work

Children Keep Dying in Hot Cars. Heres What Needs to Change -
Scientific American [[link removed]}&lead=419599&emailid=69724&nl=daily]
If youve ever driven a car, youve probably had the experience of
parking on a hot, sunny day, running a quick errand or two and then
returning to find your vehicle has become a stifling oven. That heat
isnt just uncomfortable; it can be deadly.

Work

Magnesium May Reduce Risk of Dementia But Its Not That Simple -
Discover Magazine [[link removed]}&lead=419599&emailid=69724&nl=daily]
Dementia is one of the most devastating illnesses youre likely to get.
How likely? According to the World Health Organization, 55 million
people worldwide currently have some form of dementia. In the United
States, perhaps as many as one in ten have dementia, while another 22
percent suffer from mild cognitive impairment. Risk increases as you
age. Among those over 90 years old, the rate is 35 percent.

Work

Biden, on 'The View,' Calls Trump a 'Loser' Who Lacks 'Redeeming
Value'
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He also made the usual jokes about his age. Looking at Alyssa Farah
Griffin, a host, he said: “I know you’re only 30, but it’s hard
to think of — it’s hard for me to even say how old I am. No, I’m
serious. I give you my word. It’s like, holy God, that can’t be
right, this can’t be right … No woman close to me is as old as I
am. None.” To which Whoopi Goldberg, another host, interjected,
“Right now they are!”

Work

Meet the G.O.P. Personal Injury Lawyer Buying His Own Trump Ads
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Mr. Newlin is motivated, he says, by concerns about the country’s
direction under a Harris administration, but also by the desire to
micromanage the millions of dollars he has poured into politics over
the past year. He relishes the opportunity to put himself in the
middle of the action: Mr. Newlin stars in one of his ads, where he
stands alongside Mr. Lamb in front of a blue curtain and several
American flags.

Work

Donald Trump Cut Ties to Some Online Fund-Raisers
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Shane Goldmacher is a national political correspondent, covering the
2024 campaign and the major developments, trends and forces shaping
American politics. He can be reached at [email protected].
More about Shane Goldmacher

Work

An AI service promised 'the world's first robot lawyer.' The FTC says
it was a scam [[link removed]}&lead=419599&emailid=69724&nl=daily]
Additionally, the FTC filed lawsuits against four other companies,
including Ascend Ecom, an online business that allegedly falsely
claimed its “cutting AI technology” would help consumers earn
passive income of thousands of dollars per month. Other companies
facing FTC scrutiny are Ecommerce Empire Builders, Rytr, and FBA
Machine.

Work

Americans aren't buying that EVs are good for the planet
[[link removed]}&lead=419599&emailid=69724&nl=daily]
But the share of car-buying Americans who believe that has gone down
by 5 percentage points in the last two years, from 63% to 58%,
according to data that the market research firm Ipsos shared
exclusively with NPR.

Work

How Kamala Harris and Donald Trump would affect banking, according to
Moody's
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Credit card delinquencies have been on the rise in recent months as
people’s pandemic-era savings have run out and they rely more on
credit for everyday purchases. This has been especially true for the
lowest income and credit score Americans.

Work

Jamie Dimon likes Elon Musk's plans to slash government spending: 'We
really need to do it'
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Musk in 2017 resigned from his spot on Trump’s White House advisory
councils after the then-president withdrew from the Paris climate
agreement, calling the move “not good for America or the world.”
In an interview with Trump earlier this month, Musk said climate
change wasn’t an issue that needed immediate attention and walked
back his earlier, harsher comments on the oil and gas industry.

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Behind OpenAI's Audacious Plan to Make A.I. Flow Like Electricity
[[link removed]}&lead=419599&emailid=69724&nl=daily]
When word leaked that Mr. Altman, 39, was looking for trillions of
dollars, he was mocked for seeking investments equivalent to roughly a
quarter of the annual economic output of the United States. Officials
in Washington also expressed concerns that a U.S. company was trying
to build vital technology in the Middle East. To build A.I.
infrastructure in a number of countries, American companies would need
approval from United States officials who oversee export controls.

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Inside Harris's Big Economic Pitch
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Speaking in Georgia on Tuesday, Trump — who labeled Harris a
“communist” — pitched an economic plan that was full of sticks
and carrots. Among its components were issues both familiar, such as
vowing to slap huge tariffs on importers that run afoul of the
Republican Party’s free-trade wing, and new, such as giving foreign
companies access to federal lands to move their production (and create
jobs) on American soil.

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A Leggy Tyrannosaur Emerges From a Mexican Desert
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Seventy to 80 million years ago, North America’s west was home to
multiple tyrannosaur species. Most of them — animals like
Albertosaurus, Daspletosaurus and the eventual emperor of the
continent, Tyrannosaurus rex — are known from specimens found in the
Great Plains or Canada.

Work

FTC cracks down on DoNotPay, others for 'deceptive AI claims and
schemes'
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The FTC said that the service "generated detailed reviews that
contained specific, often material details that had no relation to the
user's input, and these reviews almost certainly would be false for
the users who copied them and published them online."

Work

Putin Declares Changes to Russian Nuclear Doctrine
[[link removed]}&lead=419599&emailid=69724&nl=daily]
The debate over the threat of Russian nuclear use has come to a head
this week with a visit by President Volodymyr Zelensky of Ukraine to
the United States, in which he has kept up that lobbying effort to use
Western missiles against targets deep inside Russia. Mr. Putin said
this month that such a move would “mean that NATO countries — the
United States and European countries — are at war with Russia.”

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Harris Cast Herself as a Pro-Business Pragmatist
[[link removed]}&lead=419599&emailid=69724&nl=daily]
Harris also attacked Trump’s economic plans, which he outlined in a
speech yesterday. Trump’s pitch is to cut taxes on American
businesses, while imposing high tariffs on foreign competitors.

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