From TradeBriefs <[email protected]>
Subject Democrats Seize on Trump's 'You're Rich as Hell' Remarks to Donors - Oct 11, 2024
Date October 11, 2024 1:55 AM
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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

How to Help the Victims of Hurricane Milton - The Cut

The devastating storm has left more than 3 million people in Florida
without power.

Continued here [[link removed]}&lead=419599&emailid=76897&nl=daily]

_TradeBriefs: Newsletters for Decision-Makers!_

Work

Democrats Seize on Trump's 'You're Rich as Hell' Remarks to Donors
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Buddy, pointedly declaring that he is “not rich as hell,” quickly
establishes himself as a working- or middle-class American. The spot
cuts between images of him — sitting in a wood-paneled living room,
filling up a car at a gas station — and of fancily dressed people
including Mr. Trump and his ally Elon Musk, the world’s richest man,
who are separately hobnobbing in tuxedos.

Work

Why Is It So Hard for Clothing Resale Platforms to Make Money? -
Bloomberg [[link removed]}&lead=419599&emailid=76897&nl=daily]
Supply and demand are huge, but the rest of the math doesnt work.















Work

The 80-hour circuit breaker: Wall Street banks tackle workloads of
junior staff - FT [[link removed]}&lead=419599&emailid=76897&nl=daily]
Moves to cap weekly hours for entry-level bankers butt against reality
of competitive industry

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Alexandria Ocasio-Cortez warns of brawl if Kamala Harris removes Lina
Khan - FT [[link removed]}&lead=419599&emailid=76897&nl=daily]
Comments from star of Democratic left point to tensions between
billionaire donor class and progressives














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Inflation cooled in September; CPI up 2.4% on year - WSJ
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The consumer-price index rose 2.4% from a year earlier, the Labor
Department said Thursday, after rising 2.5% in August. Core prices,
which exclude volatile food and energy items, climbed 3.3% over the
previous 12 months, slightly hotter than the 3.2% rise in August.

Work

Can we prevent cancer with a shot? - WSJ [[link removed]}&lead=419599&emailid=76897&nl=daily]
Vaccines are in early trials for people with inherited genetic
mutations that put them at a greater risk. Other shots are designed to
destroy precancerous lesions to stop full-blown disease.














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Interest rates will be higher in the future, especially if Trump is
president - WSJ [[link removed]}&lead=419599&emailid=76897&nl=daily]
The Federal Reserve three weeks ago slashed its short-term rate target
by half a point and signaled more cuts to come. Yet in that time,
investors have pushed the yield on the 10-year Treasury to 4%, the
highest in two months.

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Kamala Harris says shes not Joe Biden but reluctant to explain how -
WSJ [[link removed]}&lead=419599&emailid=76897&nl=daily]
But when pressed for specifics on how she would be different as
president, Harris has refrained from detailing a contrast with Biden,
as she navigates the complexity of running as a change
candidate—with the slogan “A New Way Forward"—while also serving
as vice president.














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Flooded Industrial Sites and Toxic Chemical Releases From Recent
Hurricanes Are Growing Threats - Discover Magazine
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Hundreds of industrial facilities with toxic pollutants are in
Hurricane Miltons path as it heads toward Florida, less than two weeks
after Hurricane Heleneflooded communities across the Southeast.

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The relentless push for productivity misconstrues how our brains work
- New Scientist [[link removed]}&lead=419599&emailid=76897&nl=daily]
Is there anything more tedious than the endless drive to make every
waking moment more productive? If I can save ten seconds on a process
that happens ten times per day, thats a minute and 40 seconds saved
per day, a productivity guru recently advised in Time magazine, to
take just one example. Over the course of a year, thats ten hours
saved.














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Malcolm Gladwells New Take on Tipping Points - Harvard Business Review
[[link removed]}&lead=419599&emailid=76897&nl=daily]
There was a time when business leaders and managers didnt worry so
much about psychology or other social science research. Malcolm
Gladwells writing played a big role in changing that. His popular
exploration of tipping points the phenomenon where small, incremental
actions can suddenly fuse into a full-blown social behavior brought
research insights to life and made them mainstream. Now hes revisiting
tipping points, this time looking at how they can be used for damaging
results. In this episode, HBR editor in chief Adi Ignatius speaks to
Gladwell about how the authors ideas have changed, the importance of
social science and journalism in todays world of virality, and the
unexpected ways leaders should consider human behavior. Gladwell is
the author of the new book Revenge of the Tipping Point: Overstories,
Superspreaders, and the Rise of Social Engineering.

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The race for the House is close to a coin flip - The Economist
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Our prediction model assesses each race to work out the chances each
party has of winning the chamber














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My four kids and I all have ADHD. We need telehealth options - STAT
[[link removed]}&lead=419599&emailid=76897&nl=daily]
That includes me. The diagnosis came as a relief and validation a way
to understand years of impulsivity, inattention, and struggles with
daily life. I was diagnosed at age 36, after first one, then two, and
ultimately, four of my five children were also diagnosed with ADHD.

Work

Georgia 2024 Trump-Harris Polls: Most Surveys Show Trump Ahead In
Crucial Swing State - Forbes [[link removed]}&lead=419599&emailid=76897&nl=daily]
Former President Donald Trump is on track to flip Georgia after losing
to President Joe Biden there in 2020, but the latest survey shows
Harris has narrowed his lead in the state that shifted from red to
purple during Trumps tenure, propelled by diversification in Atlantas
suburbs.














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The Texan Doctor and the Disappeared Saudi Princesses - The New Yorker
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Dwight Burdick, a private physician to the Saudi royal family, was on
a rotation at the Kings palace, in Jeddah, when he got an urgent
summons. Princess Hala, a daughter of King Abdullah bin Abdulaziz Al
Saud, had gone wild with a knife. Burdick was asked to enter her
quarters and forcibly sedate her.

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Leaders call for calm ahead of potentially fraught election outcome
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Less than a month out from Election Day, there are concerns on both
sides of the aisle about the aftermath of what could be one of the
closest races in modern history, with some lawmakers warning of a
potential repeat of events following the 2020 election.













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This Election Marks a New Low for Fiscal Fakery - Bloomberg
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Both candidates are promising tax cuts the country can't afford but
Trump takes financial recklessness to an entirely new level.

Work

Crypto for CRISPR, a new RNAi startup, & a Nobel for AI
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Adam Feuerstein is a senior writer and biotech columnist, reporting on
the crossroads of drug development, business, Wall Street, and
biotechnology. He is also a co-host of the weekly biotech podcast The
Readout Loud and author of the newsletter Adam’s Biotech Scorecard.

Work

VanEck Launches New $30 Million Venture Fund for Crypto and AI
Startups - Inc [[link removed]}&lead=419599&emailid=76897&nl=daily]
Money keeps pouring into the crypto and artificial intelligence
industries, but a new $30 million venture fund from New York
City-based investment firm VanEck might be just different enough to
turn some heads.

Work

Alleged domestic violence perpetrators to wear ankle bracelets under
NSW bail reforms
[[link removed]}&lead=419599&emailid=76897&nl=daily]
In Australia, the crisis support service Lifeline is on 13 11 14 and
the national family violence counselling service is on 1800 737 732.
In the UK, Samaritans can be contacted on freephone 116 123 and the
domestic abuse helpline is 0808 2000 247. In the US, the suicide
prevention lifeline is 988 and the domestic violence hotline is
1-800-799-SAFE (7233). Other international helplines can be found via
www.befrienders.org

Work

Ukrainian reporter died in Russian detention, Kyiv says
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Thousands of Ukrainians opposed to Moscow’s rule have been detained
in occupied territories since Russia’s full-scale invasion began in
2022, many of whom face torture at the hands of security forces,
according to rights groups.

Work

Exclusive: SpaceX alums are raising a hefty $550M for their first deep
tech fund
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Aria Alamalhodaei covers the space and defense industries at
TechCrunch. Previously, she covered the public utilities and the power
grid for California Energy Markets. You can also find her work at
MIT’s Undark Magazine, The Verge, and Discover Magazine. She
received an MA in art history from the Courtauld Institute of Art in
London. Aria is based in Austin, Texas.

Work

Swsh's new photo-sharing app lets Gen Zers filter out red Solo cups
and alcoholic drinks | TechCrunch
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The most recent round provided the company with $700,000 in new
capital, which was led by BoxGroup with participation from Alexandra
Burbey (Sound Ventures investor), Amy Moussavi (former Apple
employee), David Rosenberg, Krish Jayaram (ex-director of product at
Snap), and Sergei Sorokin (former VP of product at Discord), among
others. 

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Why First Solar Stock Burned Shareholders on Thursday
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Bank of America is an advertising partner of The Ascent, a Motley Fool
company. James Brumley has no position in any of the stocks mentioned.
The Motley Fool has positions in and recommends Bank of America,
Enphase Energy, and Jefferies Financial Group. The Motley Fool
recommends First Solar. The Motley Fool has a disclosure policy.

Work

This Chinese miner dominates global cobalt supply. The US is crying
foul. - WSJ [[link removed]}&lead=419599&emailid=76897&nl=daily]
U.S. officials are accusing China-based CMOC Group of flooding the
market to make it harder for others to invest in producing cobalt,
which is used in jet fighters, munitions, drones and electric-vehicle
batteries.

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Donald Trump pledges to end double taxation for expat Americans - FT
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Measure aims to attract voters based overseas ahead of knife-edge
election

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2024 Election Will Define Americas Stance on Immigration, with
Consequences for Science and Technology - Scientific American
[[link removed]}&lead=419599&emailid=76897&nl=daily]
This article is part of a series on what the 2024 presidential
election means for science, health and the environment. Editors with
expertise on each topic delved into the candidates records and
policies and the evidence behind them. Read the rest of the stories
here.

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Hurricane Milton slams Florida: What you need to know
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The US presidential campaign is in its final weeks and were dedicated
to helping you understand the stakes. In this election cycle, its more
important than ever to provide context beyond the headlines. But
in-depth reporting is costly, so to continue this vital work, we have
an ambitious goal to add 5,000 new members.

Work

In the Middle (Class) of It All
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Trump has depicted an American middle class on the edge of extinction,
accusing Harris of making middle-class life “unaffordable and
unlivable.” He pledges to create a middle class that is “once
again the envy of the entire world,” mostly by suggesting that his
broad promises of tax cuts or mass deportations will help these
Americans.

Work

Hurricanes will make the Fed's job even harder as disasters muddy
economic data
[[link removed]}&lead=419599&emailid=76897&nl=daily]
“As Americans seek safety from natural disasters, we’re hearing
troubling reports of price gouging for essentials that are necessary
for people to get out of harm’s way — from hotels to groceries to
gas,” said FTC Chair Lina Khan in a statement. “No American should
have to worry about paying grossly inflated prices when fleeing a
hurricane.”

Work

Elon Musk's offer of 'free' Starlink internet for hurricane victims is
a bait and switch
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Even if the equipment comes before then, you still need power to use
it, and thousands are still without power. Baughman called what Musk
and Starlink are doing a play on people’s emotions. “When someone
comes along and says I’m going to give you free internet, people
start going nuts. Starlink is pulling on the heart strings of people
overwhelmed by disaster.”

Work

Donald Trump's latest tax cut promise is aimed at Americans living
abroad
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The proposal is just Trump’s latest appeal to Americans that has
involved cutting taxes. He’s already advocated for ending taxes on
tips, overtime pay, and Social Security benefits, as well as lowering
taxes on corporations and extending his 2017 tax cuts. Excluding his
latest proposal, Trump’s tax plans would add more than $9 billion to
the federal debt, according to the Committee for a Responsible Federal
Budget.

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'Argument won' on smartphones in schools, minister says
[[link removed]}&lead=419599&emailid=76897&nl=daily]
In a statement U.S. Secretary of Commerce Gina Raimondo said the
United States was taking the necessary steps "with our UK partners, to
protect children’s privacy, safety, and mental health," she added.

Work

Sean Combs's Sex Trafficking Trial Is Set for May 5
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Emily A. Johnson, one of the prosecutors, commented briefly at the
hearing about the defense’s accusation of leaks, saying, “The
government believes the motion is baseless and it is simply a means to
exclude a damning piece of evidence.” She said the government would
be filing a response to the defense’s motion.

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Opinion | Kamala Harris Puts Sarah Huckabee Sanders in Her Unhumble
Place
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Later, when people less petty than Sanders expressed offense at her
swipe, her spokesman said that the humility deficit she had in mind
was Harris’s “claiming she alone can solve America’s
problems.” Whoa. Hold on a second. “I alone can fix it” —
that’s indeed an infamous boast, uttered at the Republican National
Convention in 2016 by one Donald J. Trump. Sanders and her minions
need to hit the history books. They’ve got their egoists all mixed
up.

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Exclusive: Numeric grabs $28M Series A to automate accounting using AI
[[link removed]}&lead=419599&emailid=76897&nl=daily]
“Numeric’s moat is a lot deeper than a lot of areas we were
looking at,” he said. “It marries complex workflow with complex
data in a market that has not been well served by tech companies.”

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Berkshire slashes Bank of America stake to under 10%, no longer
required to disclose frequently
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Buffett believes bank failures in 2008 during the global financial
crisis, and again in 2023, lessened confidence in the system, made
worse by poor messaging by regulators and politicians. Meanwhile,
digitalization and fintech made bank runs a simple matter at
times of crisis.

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Students and Recent Grads - Student Pass discount at Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Kickstart your career by attending Disrupt 2024 with a Student Pass,
giving you full access at a discounted rate. You’ll enjoy all the
perks of an Attendee Pass but for less. Don’t wait — prices
increase at the door, so lock in your Student Pass today.

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Relyance lands $32M to help companies comply with data regulations |
TechCrunch
[[link removed]}&lead=419599&emailid=76897&nl=daily]
“We decided to raise funds because the demand for AI continues to
grow and new privacy and AI regulations are being put into place
globally,” Sharma said. “Our hiring efforts will primarily focus
on expanding our engineering team and increasing our go-to-market
capacity to support our product development and growth momentum.”

Work

Mash-up of Grand Theft Auto and Hamlet is coming to theaters in the US
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The Bard has seen many a retelling over the years, and Hamlet seems to
generate particular interest for gaming-flavored interpretations. The
Danish prince was in a VR production via Google collaboration in 2019,
he made an appearance in MMORPG Mabinogi back in 2011, and got to star
in his own quirky video game in 2010.

Work

Venmo adds scheduled payments and requests
[[link removed]}&lead=419599&emailid=76897&nl=daily]
This is just the latest quality of life feature added by Venmo. The
company recently integrated tap-to-pay support for Android phones,
with no card reader necessary. The payment platform also now lets
users send one another crypto.

Work

Intel's 15th-gen CPUs are all about power efficiency and thermals
[[link removed]}&lead=419599&emailid=76897&nl=daily]
When the Intel Core Ultra 9 285K arrives on October 24, it will cost
$589. For those looking for a more affordable entry into Intel's Arrow
Lake ecosystem, the company will also offer the 14-core Ultra 5 245KF
for $294 and the 20-core Ultra 7 265K for $394. Alongside its KF
sibling, which comes without an integrated Intel Xe GPU, the 265K
looks like it will be the dark horse of Intel's Arrow Lake line. The
company said that 265K runs about 15 degrees cooler than the 14900K
and draws up to 188W less system power.

Work

Intel's upcoming Arrow Lake H laptop chips will offer beefier GPUs for
AI workloads
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The difference makes sense when you consider what these chips are
meant for. Lunar Lake is mostly geared towards ultraportables and slim
workstations, while Arrow Lake H chips are targeted at demanding
notebooks with desktop-like performance. While they can technically be
called AI PCs, Arrow Lake H's low NPU performance doesn't meet the bar
for Microsoft's Copilot+ badge (those require at least 40 TOPS NPUs).
You'll be able to run basic AI features, like Windows Studio Effects
in video chats, but not more complicated tasks like Recall.

Work

The best Prime Day vacuum deals that are still available include
discounts of up to $400 off on Amazon today
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Anker Eufy Boost 11S Max robot vacuum cleaner for $130 ($120 off):
This is one of the best budget robot vacuums available now thanks to
its good suction power, long battery life and slim design that lets it
get underneath more furniture than other, taller machines.

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TikTok owner ByteDance unveils its first earbuds in China
[[link removed]}&lead=419599&emailid=76897&nl=daily]
According to the South China Morning Post, wearers will be able to use
the open-ear buds as a tour guide while traveling and to practice
English (among other things) after they're paired with the Doubao
mobile app. The publication notes that Doubao is currently the most
popular GAI app in China, with more than 47 million monthly active
users in September.

Work

October Prime Day is over but these SSD deals are still available
[[link removed]}&lead=419599&emailid=76897&nl=daily]
WD Black C50 Xbox Expansion Card (1TB) for $121 ($37 off): It’s a
pain in the neck, but the only way to fully expand the storage of an
Xbox Series X/S is to use a proprietary expansion card such as the
C50. This deal isn’t an all-time low, but it’s $10 to $20 cheaper
than the typical street prices we’ve seen over the last several
months.

Work

Sony LinkBuds Fit and LinkBuds Open review: Two designs, one clear
champ
[[link removed]}&lead=419599&emailid=76897&nl=daily]
I can see avid users of Sony’s earbuds and headphones enjoying the
LinkBuds Speaker's routines and automatic switching. However,
there’s much better audio quality from the competition, and in a few
cases it’s available for less than the $180 Sony is asking for.
I’d like to see Sony incorporate this type of hand-off feature in a
speaker designed for your living room or office. With something
that’s bigger and offers better sound performance, the company would
have a more compelling package for a LinkBuds sidekick.

Work

Workout app Alo Moves is now in VR on Meta Quest 3
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Alo Moves XR will cost $10 per month or $69 a year, but purchasers of
the Alo Moves x Meta Quest bundle can grab it for $49 per year. If you
already have an Alo Moves subscription, you'll be able to add Alo
Moves XR for $20 annually.

Work

Uber will let riders disclose whether they're hard of hearing or have
low vision
[[link removed]}&lead=419599&emailid=76897&nl=daily]
Uber is adding new self-identification options for disabilities this
fall. It's also testing a new option that will let riders disclose if
they're traveling with a service animal.

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Nintendo is looking for 10,000 testers for a new Switch Online feature
[[link removed]}&lead=419599&emailid=76897&nl=daily]
The company will start accepting entries today, October 10, at 8AM
PT/11AM ET, until November 5 at 4:59PM PT/7:59PM ET. Nintendo will
choose participants in Japan through a raffle if it receives a lot of
applications. Everyone else may want to hurry if they want to
participate, because it'll be first come first serve for them. The
company will also stop taking applications early if it quickly reaches
the maximum number of participants.

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