From TradeBriefs <[email protected]>
Subject Tech giants see AI bets starting to pay off - WSJ - Nov 1, 2024
Date November 1, 2024 2:28 PM
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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

AI search could break the web - MIT Technology Review

Developers should act before governments fall back on blunt tools.

Continued here [[link removed]}&lead=419599&emailid=87196&nl=daily]

_TradeBriefs: Newsletters for Decision-Makers!_

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Tech giants see AI bets starting to pay off - WSJ
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Some of the worlds biggest tech companies showed this week how the
tens of billions of dollars they have bet on the artificial
intelligence boom are starting to pay off. They also warned bigger
investments are coming.

Work

Who will replace Mitch McConnell? Race to be next GOP Senate leader
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Senators John Thune of South Dakota, John Cornyn of Texas, and Rick
Scott of Florida, have announced their intentions to replace McConnell
as the Senate Republican leader. It is unclear who is the favorite in
the race, with most GOP senators not yet publicly endorsing any
candidate.















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In a historic election, no ones talking about feminism
[[link removed]}&lead=419599&emailid=87196&nl=daily]
The election is less than a week away and the stakes are higher than
ever. Despite the need for strong independent journalism, it is under
attack, both from politicians and from billionaires who hold power. At
Vox, we lead with courage and call things as we see them. We know the
stakes of this election are huge, and we believe you deserve to
understand how the outcome will affect your life.

Work

An Entrepreneur's Guide to Purchasing Cyber Insurance - Inc
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Companies can lose millions of dollars, and breaches can often affect
operations for weeks, creating massive disturbances across the
business. Take the 2021 ransomware attack on Colonial Pipelines
network. Although the pipeline shutdown lasted just under a week, it
disrupted a significant portion of the fuel distribution network and
fuel costs rose subtly in some places. Other notable breaches include
Maersks in June 2017, MGMs in September 2023, and Ticketmasters in May
2024.














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To mitigate drug shortages, a new study suggests looking at Canada -
STAT [[link removed]}&lead=419599&emailid=87196&nl=daily]
Of 104 reports of supply chain issues with dozens of drugs, meaningful
shortages were 40% less likely to occur in Canada than in the U.S., a
new study found, and the difference was largely attributed to the
approach taken by the Canadian government to the problem.

Work

Young Thug Will Be Released From Jail After Accepting Plea Deal In
Racketeering Case - Forbes [[link removed]}&lead=419599&emailid=87196&nl=daily]
Rapper Young Thug will be released from jail after accepting a plea
deal Thursday in his lengthy racketeering case, according to multiple
outlets, though he will serve at least 15 years of probation.














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ADHD should not be treated as a disorder - The Economist
[[link removed]}&lead=419599&emailid=87196&nl=daily]
NOT LONG ago, attention-deficit hyperactivity disorder (ADHD) was
thought to affect only school-aged boysthe naughty ones who could not
sit still in class and were always getting into trouble. Today the
number of ADHD diagnoses is rising fast in all age groups, with some
of the biggest increases in young and middle-aged women.

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The Fight Over Truth in a Blue-Collar Pennsylvania County - The New
Yorker [[link removed]}&lead=419599&emailid=87196&nl=daily]
On a Wednesday afternoon in late September, the Board of Elections in
Lackawanna County, Pennsylvania, held a public meeting. Sitting on the
raised dais of a wood-panelled room, Chris Chermak, a Republican
county commissionerin Lackawanna, the Board of Commissioners also
serves as the Board of Electionsread a brief proposal into the record.
If approved, the measure would get rid of drop boxes for voting in the
county, in order to increase public confidence in our elections,
Chermak said. His fellow-commissioners, both Democrats, listened with
pursed lips.














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China policy meeting can tip economic recovery scales, or disappoint
again - WSJ [[link removed]}&lead=419599&emailid=87196&nl=daily]
Chinas top legislative body gathers for a five-day meeting next week.
Markets hope for a blockbuster fiscal package aimed at the economys
weak spots. But optimists have been burned before and theres a higher
degree of skepticism this time around.

Work

A place for worship and prayer, without having to leave home - WSJ
[[link removed]}&lead=419599&emailid=87196&nl=daily]
In the Dallas suburbs, Sangeeta Kulkarni lights an oil lamp in front
of a wooden structure housing idols in her kitchen. The newly
renovated area is dedicated to prayer and is backed by gold-and-white
tiles matching the gilded trim and the white quartz countertop, the
41-year-old said.














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U.S. drugmakers are breaking up with their Chinese supply-chain
partners - WSJ [[link removed]}&lead=419599&emailid=87196&nl=daily]
U.S. drugmakers and biotechs have come to rely on Chinese partners for
manufacturing, research and ingredients. Now, some of them are looking
for alternatives as geopolitical tensions rise.

Work

How to watch and listen to the US presidential election results in the
UK
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There are a number of in-person US election watch parties with
Democrats Abroad UK staging an event in “the Westminster area of
London”, which runs from 7pm-11am; and Republicans Overseas UK
having its post-election party in Chelsea.














Work

South Carolina to execute Richard Moore despite objections from judge
and jurors: 'Grant him mercy'
[[link removed]}&lead=419599&emailid=87196&nl=daily]
"It's like an assembly line. The state is motivated to kill condemned
people as quickly as possible, and they do that despite evidence that
might change their minds," said Paul Bowers of the American Civil
Liberties Union of South Carolina. "In the first execution, there was
a dramatic change in testimony from the key witness and that was not
enough to persuade the governor ⦠For Richard Moore, we're
desperately trying to appeal to Henry McMaster's conscience."

Work

I made a Trump trade so you don't have to
[[link removed]}&lead=419599&emailid=87196&nl=daily]
I bought an options contract on shares of Trump Media & Technology
Group. It's basically a bet on who will win the presidential election.
Follow along as I either lose it all or make a couple thousand
dollars.














Work

BofA Joins Citi's Call to Sell Stocks If Trump Win Sparks Rally
[[link removed]}&lead=419599&emailid=87196&nl=daily]
(Bloomberg) -- Investors should consider selling any rally in US
stocks if Donald Trump wins the election, Bank of America Corp.’s
Michael Hartnett said, echoing a call from Citigroup Inc. earlier this
week.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying
Off?The Answer To Making Cities More Family-Friendly?
CourtyardsChicago Mayor Seeks Property Tax Hike, Breaking Campaign
VowNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA
South Korean City Plays Matchmaker to Tackl

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Your Childs Health Is on the Ballot Next Tuesday - Scientific American
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Tourists walked on the National Mall as smoke from wildfires in Canada
caused an acrid smell and hazy conditions in Washington, DC, on June
7, 2023. Washington authorities warned that the air quality was
"unhealthy for people with heart or lung disease, older adults,
children and teens" and canceled all outdoor activities in public
schools, including sports lessons.













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The Deadliest Year Inside One of America's Deadliest Jail Systems
[[link removed]}&lead=419599&emailid=87196&nl=daily]
She was found, limp, 20 minutes later. In the interim, the camera
recorded the young woman preparing to end her life. But no guards, who
were tasked with monitoring the video feed, noticed until it was too
late.

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Wall Street to Big Tech: Show us the AI money
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Like Jerry Maguire’s demanding client in the 1996 film, Wall
Street’s message to Silicon Valley is getting clearer by the day. As
a Bank of America (BAC) report puts it: “We expect AI to transition
from a ‘tell me’ to a ‘show me’ story, with any disconnect
between investments and revenue generation to come under increased
scrutiny.”

Work

Breeders' Cup Arrives in California, Where Horse Racing Is Struggling
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Last year, the state offered $165 million in purse money, for an
average of more than $418,000 per racing day, according to Equibase,
which keeps information and statistics for American racing. The
available daily purse is more than $972,000 in Kentucky and $648,000
in New York, but those states’ purses are supplemented by money that
each collects from legalized gaming. California has nothing
comparable.

Work

Oil Interests Gave More Than $75 Million to Trump PACs, New Analysis
Shows
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Mr. Whitehouse referred to an analysis by the International Monetary
Fund that found American fossil fuel companies receive $700 billion of
subsidies each year, when accounting for federal tax breaks and
undercharging of environmental costs. He was not surprised by the
contributions from oil interests to Mr. Trump.

Work

Mexico's New President, Claudia Sheinbaum, Faces First Major Crisis
[[link removed]}&lead=419599&emailid=87196&nl=daily]
How President Claudia Sheinbaum navigates this moment will offer a
window into how she wields her power — and what her vision for the
country really is. These are questions that have lingered in the minds
of many Mexicans since Morena swept the June elections.

Work

She Was the First Nicaraguan to Be Crowned Miss Universe. Can She Ever
Go Home?
[[link removed]}&lead=419599&emailid=87196&nl=daily]
The authoritarian Nicaraguan government of President Daniel Ortega
went from initially applauding Ms. Palacios’ win to cracking down on
those who supported her, including arresting family members of the
director of the Miss Nicaragua contest, which had selected Ms.
Palacios to represent the country at the global competition.

Work

Opinion | I Gave Up Orthodox Judaism. I Kept Prayer.
[[link removed]}&lead=419599&emailid=87196&nl=daily]
I was raised in an Orthodox Jewish family. But, in the years after I
left home, I slowly gave up observance, shedding the strictures about
what to eat and what to wear and the prohibitions against the use of
electricity on the Sabbath. Much of the practice I was raised with no
longer serves me; prayer was the one thing I grabbed on my way out.

Work

UK still suffering from trauma of Liz Truss, says Treasury chief
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Goldstone is also a non-executive director of the Submarine Delivery
Agency and HS2 Ltd, and was previously chief executive of
parliament’s Restoration and Renewal Delivery Authority, as well as
working as chief operating officer at the Ministry of Defence.

Work

UK house price growth slows but stamp duty changes 'will spark buyer
rush'
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Gardner said that the swings in activity were likely to be less
pronounced as the temporary changes to the nil rate have been in place
for a longer period of time, with their planned expiry well known.

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A Trump presidency could 'cripple' the Paris climate agreement, warns
UN chief
[[link removed]}&lead=419599&emailid=87196&nl=daily]
While the climate has been a peripheral issue in campaigning for the
2024 US presidential election, Trump - a frequent climate denier - has
pledged to unleash a new wave of investment in fossil fuels, and cut
support for electric cars and renewable energy.

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Kamala Harris and Donald Trump campaign in key swing states as
electoral race heats up ? US politics live
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Harris and Trump campaign in key swing states of Arizona and Nevada as
only five days remain until election

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PFAS mixtures more toxic than single compounds, suggesting higher
danger
[[link removed]}&lead=419599&emailid=87196&nl=daily]
When researchers analyzed the toxicity of biosolid samples collected
from a municipal wastewater treatment plant, they found very high
toxicities despite low concentrations of PFOA and other PFAS in the
sample.

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How Bad Is This News for Super Micro Computer?
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Supermicro stock plummeted 32% in one trading session on this latest
news.

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This Nearly 8%-Yielding Dividend Just Keeps Heading Higher
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Energy Transfer continues to steadily raise its lucrative
distribution.

Work

The No-Brainer Warren Buffett Stock to Buy in November Is Wall
Street's Most Prominent Reverse Stock Split of 2024
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Wall Street's most unique stock split of 2024 is a stone's throw away
from its cheapest valuation in 30 years as a publicly traded company.

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My 3 Favorite Ultra-High-Yield Dividend Stocks to Buy in November
[[link removed]}&lead=419599&emailid=87196&nl=daily]
It's not just the high dividend yields that make these stocks
attractive.

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2 Growth Stocks Down 36% and 97% to Buy Right Now
[[link removed]}&lead=419599&emailid=87196&nl=daily]
As difficult as it might be to step into a stock while it's down,
that's the best time to plug in to a good growth story.

Work

Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta
Shares, Dumps Palantir And Tesla Stock
[[link removed]}&lead=419599&emailid=87196&nl=daily]
On Thursday, the Cathie Wood-led Ark Invest made significant moves in
the market, with prominent trades involving Tesla Inc. (NASDAQ:TSLA),
Meta Platforms Inc. (NASDAQ:META), Palantir Technologies Inc.
(NYSE:PLTR) and Block Inc (NYSE:SQ). The Tesla Trade: Ark Invest’s
ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF
(NYSE:ARKW) sold a total of 8,384 shares of the Elon Musk-led company.
With Tesla’s closing price at $249.85 on Thursday, the value of this
trade amounts to approx

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Did AMD Just Give a Big Reason to Buy Nvidia Stock Hand Over Fist?
[[link removed]}&lead=419599&emailid=87196&nl=daily]
There was good news for Nvidia if you read between the lines in AMD's
Q3 update.

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Why Eli Lilly Is a No-Brainer Stock to Buy on the Dip
[[link removed]}&lead=419599&emailid=87196&nl=daily]
The market overreacted to Lilly's Q3 earnings miss and full-year
guidance cut.

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Arm Stock vs. Taiwan Semiconductor Stock: Wall Street Says Buy One and
Sell the Other
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Arm and Taiwan Semiconductor are essential to the artificial
intelligence boom, but Wall Street only sees upside in one stock.

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Exxon's $8.6 billion profit beats as volume offsets price weakness
[[link removed]}&lead=419599&emailid=87196&nl=daily]
HOUSTON (Reuters) -Exxon Mobil on Friday beat Wall Street's third
quarter profit estimate, boosted by strong oil output in its first
full quarter that includes volumes from U.S. shale producer Pioneer
Natural Resources. "We had a number of production records" in the
quarter, said finance chief Kathryn Mikells, citing an about 25%
year-on-year increase in oil and gas output, to 4.6 million barrels
per day. Exxon shares rose about 1.9% in premarket trading to $119 per
share.

Work

Intel CEO calls TSMC an 'awesome' company, says the company is still
waiting for CHIPS Act money
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Intel CEO Pat Gelsinger weighs in on the company's relationship with
TSMC, the status of CHIPS Act funding and the outlook for the
business.

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A year on, Intel's touted AI-chip deals have fallen short
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Intel's upbeat revenue projections on Thursday masked a sore point for
the embattled company: chips touted for artificial intelligence have
not lived up to sales expectations. The chipmaker scrapped its recent
forecast that in 2024 it would sell more than $500 million worth of
Gaudi accelerator chips, so called because they speed up the
performance of AI applications. In a call with analysts, CEO Pat
Gelsinger attributed their slower uptake to software related to Gaudi
and a recent transition from the second to third generation of the
chip.

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1 Unstoppable Cryptocurrency to Buy Before It Soars 180% by The End of
2025, According to 1 Wall Street Analyst
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Stock Advisor provides investors with an easy-to-follow blueprint for
success, including guidance on building a portfolio, regular updates
from analysts, and two new stock picks each month. The Stock
Advisor service has more than quadrupled the return of S&P 500 since
2002*.

Work

Money market account rates today, November 1, 2024 (up to 5.05% APY
return)
[[link removed]}&lead=419599&emailid=87196&nl=daily]
And although you can generally access your funds as needed, MMAs may
limit the number of transactions you can make each month. If you need
frequent access to your money, this might be a consideration.

Work

Stocks Rise With Payrolls Set to Cap Volatile Week: Markets Wrap
[[link removed]}&lead=419599&emailid=87196&nl=daily]
(Bloomberg) -- Stocks rose ahead of Friday’s key US jobs data, at
the end of a volatile week in which mixed earnings from tech megacaps
had the market on the defensive. Oil gained amid renewed tension in
the Middle East.Most Read from BloombergIs Denver’s Big Bet on
E-Bikes Paying Off?The Answer To Making Cities More Family-Friendly?
CourtyardsChicago Mayor Seeks Property Tax Hike, Breaking Campaign
VowNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA
South Korean City Plays Matchm

Work

Amazon earnings recap: Stock up after hours as company reports
revenue, EPS beats
[[link removed]}&lead=419599&emailid=87196&nl=daily]
Retail profits were likely pressured in the last quarter amid spending
headwinds, including Prime Day discounts. According to the bank,
consumers have turned cautious on discretionary items, while
indicating a preference for deals. Together, these factors have
depressed Amazon's average selling prices.

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Precision medicine can't fulfill its promise without better
diagnostics
[[link removed]}&lead=419599&emailid=87196&nl=daily]
In my previous role as head of precision medicine at Novartis, I
realized the biggest challenge to making precision medicine a reality
was not the development of the medicines themselves, but the
development — or lack thereof — of the necessary diagnostics.

Work

The Roots of Trump's Nativist Rhetoric on Immigrants
[[link removed]}&lead=419599&emailid=87196&nl=daily]
“Kamala has imported an army of illegal alien gang members and
migrant criminals from prisons and jails and insane asylums and the
worst mental institutions anywhere in the world.”— Oct. 16, 2024,
Trump rally in Atlanta

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Inside a Deadly Southern California Jail System: 5 Takeaways
[[link removed]}&lead=419599&emailid=87196&nl=daily]
One evening, she contacted a guard through her cell’s intercom, but
whoever answered hung up almost immediately. The video then captured
her saying she would kill herself, and showed the steps she took in
ending her life. But deputies did not notice for 20 minutes after the
intercom call.

Work

Trump Attacks Liz Cheney Using Violent War Imagery
[[link removed]}&lead=419599&emailid=87196&nl=daily]
His language reflects the charged environment surrounding this
year’s election. Democrats and some Republicans have increasingly
warned that Mr. Trump exhibits authoritarian tendencies, with Ms.
Harris recently calling him a “fascist.” Mr. Trump and his allies
have argued that such language has fueled an overheated political
climate that they argue has led to political violence, ignoring that
Mr. Trump has long used similar language to describe Democrats.

Work

Man Who Killed Hundreds of Eagles and Hawks Gets Nearly 4 Years in
Prison
[[link removed]}&lead=419599&emailid=87196&nl=daily]
“We are going to feel the impacts of the Flathead Reservation’s
raptor loss for years to come,” Mike Dolson, the chairman of the
Confederated Salish and Kootenai Tribes, said in a statement.
“Eagles are not only a treasured and important part of the
Reservation’s ecosystem, but they also have a profound place in
C.S.K.T. cultural and spiritual practices.”

Work

Vance Tells Rogan: Teens Become Trans to Get Into Ivy League
[[link removed]}&lead=419599&emailid=87196&nl=daily]
At one point, Mr. Vance suggested that liberal women were publicly
celebrating their abortions — “baking birthday cakes and posting
about it” on social media — a notion Mr. Rogan pushed back on.

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