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

Editor's Pick

Too much efficiency makes everything worse: overfitting and the strong
version of Goodharts law

[[link removed]}&lead=419599&emailid=72600&nl=daily blog is
intended to be a place to share ideas and results that are too weird,
incomplete, or off-topic to turn into an academic paper, but that I
think may be important. Let me know what you think! Contact links to
the left.

Continued here
[[link removed]}&lead=419599&emailid=72600&nl=daily]

"With TradeBriefs, you're not just consuming information - you're
engaging in second and third-order thinking. The newsletter forces you
to think about how today's decisions and trends will unfold in ways
that aren't immediately obvious. That's a rare quality in business
content and one I greatly value."
- Sara Khan, Investment Strategist, Global Finance Partners

Work

The Veep Debate, or When the Opening Act Becomes the Headliner
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There is an argument, of course, that vice-presidential debates are
always important. Healey, a political figure who knows a thing or two
about the importance of being No. 2, made it when I called her today.

Work

Spacecraft delivery startup founded by former SpaceX rocket guru
raises $150 million, led by Founders Fund
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Headquartered in Redondo Beach, California, Impulse currently has
about 140 employees and plans to expand to more than 200 next year as
it scales Mira and Helios production. The company does most of its
design, manufacturing, assembly and even engine test firing at its
60,000-square-foot facility. 















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Can a Vice-Presidential Debate Shift the Polls? History Shows It's
Unlikely.
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Vice-presidential debates have shifted voters’ opinions of running
mates in the past, so Tuesday’s debate may give Americans a firmer
grasp on how they feel about Mr. Walz and Mr. Vance. But even if we
come away with memorable zingers or memeable insects, if history is
any guide, it’s unlikely that the debate will have a profound
influence on voters’ preferences for president.

Work

Israel Has Destroyed Half of Hezbollah's Arsenal, U.S. and Israeli
Officials Say
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Since Mr. Nasrallah’s killing last Friday, Lebanese officials have
heeded Israel’s demands to turn away Iranian planes trying to fly
into Beirut, complicating Hezbollah’s effort to get additional arms
quickly, American officials say.














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What Tim Walz's Time in Minnesota Says About How He Governs
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Drawing attention to his experience as a public school geography
teacher and football coach, Mr. Walz presented himself as a unifying
leader in a polarizing time. His campaign motto was “One
Minnesota.” His running mate, Lt. Gov. Peggy Flanagan, made history
as the highest-ranking Native American elected official in the state.
They won by more than 11 percentage points.

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Trump's Consistent Message Online and Onstage: Be Afraid
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“Isn’t this a wonderful and inspiring speech?” Mr. Trump said
facetiously, as the crowd chuckled. “I got people sitting in the
front row, they’re going, ‘Oh my God.’ They thought they’d be
out there jumping up and down. ‘Make America great again.’ We’re
going to do that. Don’t worry, we haven’t gotten to that part yet.
I’m just saying. This is a dark — this is a dark speech.”














Work

Buy Costco and American Express stock as inflation cools, analyst says
[[link removed]}&lead=419599&emailid=72600&nl=daily]
SM: Absolutely. Is the valuation quite rich? A hundred percent. We are
constantly asking ourselves as a team: What is this really worth, and
is the market arriving at this particular price? But in terms of just
the fundamentals and how well the business is run, it is something we
are excited to own.

Work

Buy Costco and American Express stock as inflation cools, analyst says
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Nvidia and Microsoft earnings will move markets, but Shelby McFaddin
of Motley Fool Asset Management sees opportunity in inflation plays
like Costco














Work

CVS will cut almost 3,000 jobs as it plans AI investments -- and
considers breaking up
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“These savings will be driven by further streamlining and optimizing
our operations and processes, continuing to rationalize our business
portfolio and accelerating the use of artificial intelligence and
automation across the enterprise as we consolidate and integrate
platforms,” Lynch said at the time.

Work

Costco's CEO on how the big U.S. port strike could impact holiday
shopping
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Like other companies, Costco depends on West Coast and Gulf Coast
cargo facilities for distribution. However, the situation surrounding
the port strike escalated after the International Longshoremen’s
Association (ILA) rejected a contract offer from the United States
Maritime Alliance (USMX), citing inadequate wages and protections.














Work

Extreme Weather Is Taxing Utilities More Often. Can A.I. Help?
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Extreme weather has increasingly strained the grid, and it is the No.
1 cause of major power outages in the United States. In some areas of
the country, the risk of hurricane-induced power outages could become
50 percent higher in the coming decades as such storms get stronger.

Work

Massive port strike could have 'devastating consequences' for
consumers, expert says
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Mousavian said the timing of the strike is especially concerning,
ahead of the holiday shopping season and the U.S. presidential
election â and on the heels of the Federal Reserve's first rate cut
in four years, which was welcome news for Americans struggling to keep
up with the elevated cost of living.














Work

Harris campaign launches small business battleground tour in a play
for Latino, Black voters
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So far, Harris has proposed giving small businesses a $50,000 tax
deduction for their startup expenses, a tenfold expansion from the
current $5,000 deduction. She has also floated a 28% tax on long-term
capital gains, a lower rate than Biden's 40% tax proposal in order to
reward "investment in America's innovators, founders and small
businesses."

Work

At Least 6 Killed and Several Injured in Tel Aviv Shooting
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The shooting occurred on Jerusalem Boulevard, a major tree-lined
thoroughfare and important public transportation route in the city’s
Jaffa neighborhood. Israel’s emergency service, Magen David Adom,
said it was treating the injured.














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Mexico's First Female President Takes Office
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The leftist former mayor of Mexico City, Ms. Sheinbaum triumphed in
June elections with the largest margin of victory since Mexico
transitioned to democracy and a sweeping mandate to follow through on
her promise to continue the social policies of her predecessor and
political mentor, Andrés Manuel López Obrador.

Work

Iran Attacked Israel With Waves of Missiles
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The region is now on edge, waiting for Israel’s next step. Israeli
officials said the country would respond in a way and at a time of its
choosing, and Iran said it would fire more missiles if Israel
counterattacked. American officials said the U.S. would help defend
Israel and warned that a direct attack would “carry severe
consequences.”













Work

Lamb Weston cuts jobs, shuts plant, and trims forecast as part of
restructuring efforts
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Potato foods company Lamb Weston (NYSE:LW) is cutting 4% jobs
globally, shuttering an older plant in Connell, Washington, and will
temporarily curtail certain production lines in North America in a
restructuring move to reduce operating expenses, the company said in
its first quarter earnings report

Work

Bio-Rad upped by Citi to buy; Charles River, Hologic downgraded
(NYSE:BIO)
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Citi upgraded Bio-Rad Laboratories (NYSE:BIO) to buy while downgrading
Hologic (NASDAQ:HOLX) to neutral and Charles River Laboratories
(NYSE:CRL) to sell as part of its Q3 earnings preview on the North
American life sciences tools and diagnostics sector.

Work

Threads will show how many followers you have in the fediverse
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Elsewhere, third-party developers are also making it easier for users
who want to post on multiple decentralized services. A new app called
Croissant enables cross-posting to Threads, Mastodon and Bluesky all
at once. The paid app, first spotted by TechCrunch, aims to replicate
the functionality of enterprise social media management apps like
Buffer.

Work

Jeep recalls 194,000 plug-in hybrids due to fire risks
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The recall has the greatest impact on US-based customers, with 154,032
vehicles recalled across the country. There are just over 14,000
affected vehicles in Canada, 673 in Mexico and 25,502 outside of North
America.

Work

Microsoft's Copilot AI gets a voice and the ability to see websites
you browse
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As with practically any AI product these days, Microsoft is also
staggering the release of these Copilot features. Copilot Voice and
Daily launch today, but Voice will only be available in English in the
US, Canada, Australia, the UK and New Zealand. Copilot Daily,
meanwhile, only works in the US and UK for now. Copilot Vision will
head to Labs over the coming days for a "limited number" of Copilot
Pro subscribers, while Think Deeper is available for Pro users in the
US, Canada, Australia and New Zealand.

Work

Israel vows to retaliate after Iran launches unprecedented missile
attack
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Nasrallah’s death followed two weeks of strikes that began with the
explosion of pagers and walkie-talkies belonging to Hezbollah members
that killed dozens of people and injured thousands more. Israel has
since continued to pound Beirut and has also launched strikes on Yemen
and Syria, saying it was launching attacks against Iranian-backed
militias across the Middle East.

Work

Indian police investigate ticket resales for Coldplay Mumbai gigs
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The issue of ticket scalping and unauthorised reselling for inflated
prices has become a major problem for the music industry globally.
Fans in the UK were recently outraged when tickets for the upcoming
Oasis reunion sold out in minutes and then reappeared on secondary
sites for thousands of pounds, prompting an inquiry by a regulator.

Work

A comprehensive list of 2024 tech layoffs | TechCrunch
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Laid off its entire 200-person workforce January 2 after attempts to
raise more capital failed, TechCrunch exclusively learned. The mass
layoff comes just seven months after the startup acquired rival
Zencity. 

Work

Motorway's Harry Jones on why he co-founded five startups with the
same team
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“We’re still a fairly small market share in terms of overall car
transactions in the U.K.,” Jones said. “There’s a lot of
headroom there, is the first point. The second thing is, I don’t
feel like we’ve fully built the whole end-to-end experience yet for
Motorway. For us, it’s really important we stay laser focused on
doing that before we go outside of the kind of U.K. borders.”

Work

Runware uses custom hardware and advanced orchestration for fast AI
inference | TechCrunch
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Google is announcing new Chromebook models today with Samsung and
Lenovo. With Samsung’s Galaxy Chromebook Plus model in particular,
the company is also introducing a new multifunctional quick insert
key.…

Work

Exclusive: Acceleron Fusion has raised $15M to take another stab at
cold fusion, filing reveals | TechCrunch
[[link removed]}&lead=419599&emailid=72600&nl=daily]
Google is announcing new Chromebook models today with Samsung and
Lenovo. With Samsung’s Galaxy Chromebook Plus model in particular,
the company is also introducing a new multifunctional quick insert
key.…

Work

The complete agenda for the Disrupt Stage at Disrupt 2024 | TechCrunch
[[link removed]}&lead=419599&emailid=72600&nl=daily]
Google is announcing new Chromebook models today with Samsung and
Lenovo. With Samsung’s Galaxy Chromebook Plus model in particular,
the company is also introducing a new multifunctional quick insert
key.…

Work

Ashton Kutcher, Effie Epstein, and Guy Oseary are coming to Disrupt
2024 | TechCrunch
[[link removed]}&lead=419599&emailid=72600&nl=daily]
Google is announcing new Chromebook models today with Samsung and
Lenovo. With Samsung’s Galaxy Chromebook Plus model in particular,
the company is also introducing a new multifunctional quick insert
key.…

Work

Numa raises $32M to bring AI and automation to car dealerships |
TechCrunch
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Touring Capital and Mitsui, a Japanese conglomerate that’s one of
the largest shareholders in automaker Penske, led Numa’s Series B
round. Costanoa Ventures, Threshold Ventures, and Gradient, Google’s
AI-focused venture fund, also participated in the round. The funding
brings Oakland-based Numa’s total raised to $48 million.

Work

Suze Orman Says The Personal Finance Of Americans Is 'Really, Really
Bad' Even Though The Stock Market Is Doing Great
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If you're facing financial uncertainty and unsure where to start
building security with your own finances, consider speaking with a
financial advisor. They will offer advice tailored to your unique
situation and help you determine a plan that matches your financial
goals.

Work

Why do Black Americans get more aggressive cancers?
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“We treat patients, we treat their tumor, and then we send them
right back into the environment, which we’re saying is causing their
cancer, but then we don’t give them any additional information,”
she said. “If it truly is that exposure that’s driving the cancer,
we need to then work with our communities to be more informed, and
then drive policies around that.”

Work

Ross Raisin's Ghost Kitchen wins 2024 BBC national short story award
with dark gig economy tale ? read it here
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Raisin takes 15,000 prize with ?a brilliantly rendered glimpse into
life in the edge-lands?

Work

In Disjointed Speech, Trump Talks Gaza, Storm, Migrants and 'Full
Metal Jacket'
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President Donald J. Trump criticized President Bidens leadership and
insisted again he would have prevented the crisis in the Middle East
had he won in 2020.

Work

When an Ohioan Debates a Minnesotan, the Midwest Takes Center Stage
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Mr. Lauck expects that Mr. Vance could speak to one narrative of the
Midwest that is “more Michigan and Ohio centered, a little more
affected by the unwinding of the old industrial order,” he said,
connecting with voters in cities like Detroit and Flint, Mich., that
were hollowed out during the decline of the auto industry.

Work

15-Year-Old Is Charged With Murder in Fatal Shooting of Chicago Postal
Worker
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The Postal Inspection Service said in July that it was offering a
$250,000 reward for information leading to an arrest and conviction in
Ms. Redmond’s case. It was unclear whether anyone had come forward
to the service with information.

Work

Inside a Trump Ad Slamming Harris Over the Push for Electric Vehicles
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Ms. Harris does not want to “end all gas-powered cars,” and the ad
wildly overstates the goals of the Biden administration’s
initiatives on electric vehicles. In 2021, President Biden announced a
goal of having 50 percent of all new vehicles sold be electric powered
by 2030. Electric vehicles now account for less than 10 percent of all
new cars sold.

Work

Biden Scrambles to Contain Economic and Political Fallout of Port
Strike
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Invoking the almost 80-year-old law, known as the Taft-Hartley Act,
could alienate unions and diminish crucial support among labor groups
in battleground states like Pennsylvania, Wisconsin and Michigan just
before the presidential election.

Work

The Ghosts of Vice-Presidential Debates Past
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This set the gold standard for vice-presidential debate moments. Mr.
Bentsen was the Democratic running mate of Gov. Michael S. Dukakis of
Massachusetts, and Mr. Quayle was the Republican vice-presidential
candidate for Vice President George H.W. Bush.

Work

Ohio Reaps Benefits From a Climate Law JD Vance Repeatedly Attacks
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Among the companies benefiting is the steel manufacturer
Cleveland-Cliffs, whose facility in Middletown was awarded a grant of
up to $500 million from the Energy Department. The grant is intended
to help the company upgrade its steel mill so that it can use cleaner
fuels like hydrogen or natural gas instead of coke derived from coal.
The project is expected to create about 170 permanent jobs and up to
1,200 temporary union construction jobs.

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Biden to Sign Bill Allowing Chip Projects to Skirt Key Environmental
Review
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Democrats who oppose the bill, however, say it would allow companies
to skirt an important step aimed at reducing potential harms to the
environment and workers. They argue that taxpayer-funded projects
should be subject to a more holistic federal environmental review
process, which would allow for more transparency and community input.

Work

What to Know About JD Vance and Project 2025
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Project 2025 was spearheaded by the Heritage Foundation, a
conservative think tank, and created as a blueprint for the next
Republican president, though Mr. Trump has his own platform called
Agenda 47. But many of his allies and former officials from his
administration helped author Project 2025, and there is considerable
overlap between its proposals and Mr. Trump’s plans for a second
term.

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What to Watch For in Tuesday's Vance-Walz Debate
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The debate will be Mr. Walz’s best opportunity to show that side of
him beyond scripted moments on the Democratic convention stage and
carefully edited campaign videos, like one of him taking viewers under
the hood of his 1979 International Harvester Scout.

Work

North Carolina Officials Begin Post-Helene Election Planning
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In 2018, after Hurricane Florence ravaged 28 counties along the North
Carolina coast, the state extended the voter registration deadline and
spent $400,000 for a campaign to locate displaced voters and educate
other residents about voting options.

Work

Bitcoin drops to $60,000 as escalating Middle East tensions rattle the
crypto market
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Meanwhile, spot Bitcoin exchange-traded funds (ETFs) and spot Ether
ETFs had mixed outcomes. According to ETF tracker Farside, while spot
Bitcoin ETFs experienced inflows in the past week, spot Ether ETFs saw
a mix of inflows and outflows.

Work

Walmart, Ikea, and Home Depot are among the major companies that'll be
affected by the port strike
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“This is a critical time for retailers and other businesses ahead of
the holiday season. The longer this disruption lasts, the more harm it
will cause to the economy and the millions of businesses, workers and
consumers who rely on the seamless flow of goods, both imports and
exports, through the East Coast and Gulf Coast ports,” said Gold.

Work

Nike reports stock dip, announces it's pushing back investor day
[[link removed]}&lead=419599&emailid=72600&nl=daily]
Financial firm Jefferies (JEF) raised Nike’s price target from $80
to $85 due to optimism about the leadership change but noted
significant affects may not be seen until fiscal 2026. The firm also
noted that while direct-to-consumer (DTC) sales have boosted profits
and brand control, cutting traditional retail partnerships may have
limited consumer engagement following Donahoe’s decision to
significantly reduce DTC collaborations with retailers such as Foot
Locker (FL) and Macy’s.

Work

Coinbase exec hopes for better crypto regulations after the election
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At this year’s conference, Messari introduced Messari Copilot, an AI
assistant designed for the crypto industry. This tool delivers
text-based answers to user queries based on Messari’s research and
data, providing a comprehensive view of the crypto landscape.

Work

Joe Biden is watching out for 'price gouging' from shipping companies
as dockworkers strike
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Although ending the strike ultimately depends on the ILA and USMX
coming to an agreement, Biden could invoke the Taft-Hartley Act and
impose an 80-day period where workers go back to work while
negotiators flesh out a deal. However, the president has said he
won’t invoke the act, keeping in line with the ILA’s — and at
least one supportive union’s — demands.

Work

GLP-1s like Ozempic are now more popular than insulin for treating
diabetes
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“As new therapies become available and emerging evidence is
incorporated into clinical guidelines, it is likely that some
highmargin surgical procedures will be replaced by less invasive
interventions, or there will be a decline in downstream demand,” the
report said.

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