From TradeBriefs <[email protected]>
Subject November 9, 2024 - Trump's election throws tech regulation a curveball
Date November 9, 2024 3:18 AM
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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

Were Bringing Tigers Back to the Arenas - Intelligencer

Louisiana’s governor has sourced a tiger for this weekend’s LSU
game from an owner who has only had his tigers escape twice.

Continued here [[link removed]}&lead=419599&emailid=90972&nl=daily]

_TradeBriefs: Newsletters for Decision-Makers!_

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Trump's election throws tech regulation a curveball
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Theresa Loconsolo is an audio producer at TechCrunch focusing on
Equity, the network’s flagship podcast. Before joining TechCrunch in
2022, she was one of 2 producers at a four-station conglomerate where
she wrote, recorded, voiced and edited content, and engineered live
performances and interviews from guests like lovelytheband. Theresa is
based in New Jersey and holds a bachelors degree in Communication from
Monmouth University.

Work

Another U.S. biotech based on Chinese science
[[link removed]}&lead=419599&emailid=90972&nl=daily]
There have been pronounced flaws in Cassava’s early data, and
mounting evidence suggests simufilam is inert, as STAT’s Adam
Feuerstein has pointed out. Barry said the company will be reporting
on whether treatment hit its primary endpoints, as opposed to poring
through the data to find efficacy elsewhere.















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Escaped monkeys and who to know in the MAHA world
[[link removed]}&lead=419599&emailid=90972&nl=daily]
In the study’s first stage, pregnant women will get two doses of the
vaccine before or after birth, and blood and breast milk will be
collected from the mothers and infants to see whether maternal
antibodies are passed down to the newborns via either route. In the
trial’s second stage, infants aged 6-24 months will get a full or
half dose of the vaccine. 

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Pharmalittle: We're reading about FDA plans to ban a cold med; Eisai
Alzheimer's drug sales, and more
[[link removed]}&lead=419599&emailid=90972&nl=daily]
The FDA proposed removing oral phenylephrine from over-the-counter
decongestants, stating the widely used ingredient is not effective














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Pharma giant GSK is quitting BIO in latest setback for the lobbying
group
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Sarah Owermohle reports on the administration’s health care
initiatives, federal health policy, and its intersection with politics
and the courts. She joined STAT in 2022 after covering health policy
at Politico. She is also the co-author of the free, twice-weekly D.C.
Diagnosis newsletter.

Work

Trump's return raises concerns about funding cuts and politicization
at the NIH
[[link removed]}&lead=419599&emailid=90972&nl=daily]
The agency struck a similar tone in a statement to STAT, writing that
“NIH stands ready to work with the new administration to continue to
carry out our important work.” But despite the messages of calm and
confidence, researchers are feeling uneasy about the possibility of
budget cuts and politicization of science. 














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Up and down the ladder: The latest comings and goings
[[link removed]}&lead=419599&emailid=90972&nl=daily]
And here is our regular feature in which we highlight a different
person each week. This time around, we note that Genascence hired
Jeymi Tambiah as chief medical officer. Previously, he worked at
Biosplice Therapeutics, where he was senior vice president, clinical
development and external innovation.

Work

What the 2024 election looks like from the therapist's room
[[link removed]}&lead=419599&emailid=90972&nl=daily]
A supervisor once told me that when working with patients experiencing
strong emotion and turmoil, we must first stop and take a breath. I
lie down at night with my 8-year-old and listen to him breathe as he
falls asleep. I hold him close and finally my breathing slows down a
bit. There are choppy waters ahead for all of us. One step at a time,
I think. For now, I continue to try to breathe slowly. And I  prepare
for four years of telling my clients to do the same. 














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RFK Jr. is crowdsourcing reams of nominees for Trump's health
administration
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Isabella Cueto covers the leading causes of death and disability:
chronic diseases. Her focus includes autoimmune conditions and
diseases of the lungs, kidneys, liver (and more). She writes about
intriguing research, the promises and pitfalls of treatment, and what
can be done about the burden of disease.

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Clinicians who provide trans health care brace for the Trump era
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“Since 1969, we have adapted and persevered through every shift in
the political landscape to ensure our communities receive the
life-saving, affirming care they deserve,” Patrick McGovern, the CEO
of Callen-Lorde, an LGBTQ+ community health center in New York, said
in a statement. “Our mission does not change with the political
winds.”














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Why Bloom Energy Stock Jumped 20% After Earnings
[[link removed]}&lead=419599&emailid=90972&nl=daily]
On rare occasions, our expert team of analysts issues a “Double
Down” stock recommendation for companies that they think are about
to pop. If you’re worried you’ve already missed your chance to
invest, now is the best time to buy before it’s too late. And the
numbers speak for themselves:

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Trump White House Could Unlock Trillion-Dollar AI Potential For Tesla,
Says Dan Ives
[[link removed]}&lead=419599&emailid=90972&nl=daily]
With over 7.8K investors including Meta, Google, And Amazon Execs —
this AI Startup's valuation has skyrocketed from $5 million to $85
million in just three years. Be an early investor with just $1,000 for
only $0.50/share today.














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Here's What A $10,000 Investment in Realty Income 10 Years Ago Would
Pay In Dividends Today
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Arrived allows individuals to invest in shares of rental properties
for as little as $100, providing the potential for monthly rental
income and long-term appreciation without the hassles of being a
landlord. With over $1 million in dividends paid out last quarter and
a growing selection of properties across various markets, Arrived
offers an attractive alternative for investors seeking to build a
diversified real estate portfolio.

Work

Tesla launches Cybertruck leasing as EV tax credit could be under
threat
[[link removed]}&lead=419599&emailid=90972&nl=daily]
While nothing is set in stone when it comes to Washington, it seems
getting rid of or weakening the EV tax credit in some capacity is a
possibility. And that’s why those consumers who are interested in
leasing a Cybertruck (or any EV for that matter) should act soon.














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DJT stock climbs after Trump says he will not sell shares
[[link removed]}&lead=419599&emailid=90972&nl=daily]
DJT also reported revenue of $1.01 million, a slight year-over-year
drop compared to the $1.07 million it reported in the third quarter of
2023. Over the past nine months ending Sept. 30, revenue has fallen
23% from the prior-year period.

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Carvana CEO's Father Sees $1.4 Billion Windfall From Stock Sale
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“He might just have other alternatives and other investments,”
said Nejat Seyhun, a professor of finance at University of Michigan.
“The other possibility is the second shoe has not fallen. Maybe his
expectations are that the stock could fall and it’s better to sell
early than late.”













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Enphase Energy to lay off 17% of workforce, take up to $20 million in
charges
[[link removed]}&lead=419599&emailid=90972&nl=daily]
"A combination of factors — including reduced U.S. residential solar
demand due to high interest rates and declining demand in Europe due
to policy changes and utility rate adjustments — has contributed to
sustained unpredictability in our industry."

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Tesla stock closes at highest level in over 2 years as Musk's big
Trump bet pays off
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Beyond Tesla, because of Musk’s support of his candidacy, Trump has
even promised Musk a position in his administration, suggesting Musk
could head a commission to boost government efficiency.

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Prospect Capital Plunges on First Dividend Cut Since 2017
[[link removed]}&lead=419599&emailid=90972&nl=daily]
When O’Shea asked a question during Friday’s earnings call, Barry
said that he was no longer allowed to field questions. He then
deferred to Prospect’s president and COO Grier Eliasek who took
over.

Work

Listener Feels Guilty For Making $1.4 Million In A Year, Suze Orman
Says 'Do Not Insult Yourself Like This, You Deserve This'
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Studies show 50% of consumers think Financial Advisors cost much more
than they do – to debunk this, this company provides matching for
free and a complimentary first call with the matched advisor.

Work

JPMorgan's Michele Says 5% Yields Would Be 'Difficult' to Absorb
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“At some point, when we see what the borrowing, spending, tax cut,
fiscal stimulus policy and tariffs — what that whole plan is — my
expectation is the Fed will lean into that, the market will lead them
to that, and rates will be higher,” Michele said. “So at some
point, rates are going to hit a level that better earnings and
stock-market valuations won’t be able to absorb.”

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Ackman wants to move Pershing Square, UMG from Amsterdam after attacks
[[link removed]}&lead=419599&emailid=90972&nl=daily]
"Concentrating the listing on one exchange, the LSE, and leaving a
jurisdiction that fails to protect its tourists and minority
populations combines both good business and moral principles," Ackman
wrote in a message on X.

Work

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
[[link removed]}&lead=419599&emailid=90972&nl=daily]
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary,
is a member of The Motley Fool's board of directors. Rick Munarriz has
no position in any of the stocks mentioned. The Motley Fool has
positions in and recommends Amazon, CRISPR Therapeutics, and
MercadoLibre. The Motley Fool has a disclosure policy.

Work

CEO Jensen Huang Just Delivered Fantastic News for Nvidia Investors
[[link removed]}&lead=419599&emailid=90972&nl=daily]
A new era of AI could be just around the corner.

Work

Someone Asked Nancy Pelosi, 'The Greatest Options Trader Of All Time,'
What Stocks To Buy - To Her Face. It Went Exactly As You'd Imagine
[[link removed]}&lead=419599&emailid=90972&nl=daily]
This Adobe-backed AI marketing startup went from a $5 to $85 million
valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in
just three years – here's how there's a limited time opportunity to
invest at $1,000 for only $0.50/share before closing date.

Work

Trump's win brings good news for savers
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Ordinary Americans hold an estimated $5.1 trillion in bond mutual
funds and exchange-traded funds, plus another $1.7 trillion in hybrid
stock-and-bond funds, according to data from the Investment Company
Institute.

Work

Car dealer who will be US Senator says he and Trump want to overhaul
car industry
[[link removed]}&lead=419599&emailid=90972&nl=daily]
He believes Musk would help add efficiency, remove unnecessary
departments and rid Washingon of bureaucrats who are "spinning their
wheels." He noted how Musk built some 25,000 Tesla charging stations
across the country and the U.S. government has still built just a
fraction of that.

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How AI startup Conflixis is protecting hospitals from corrupt doctors
| TechCrunch
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Narva says what sets Conflixis apart is the way it has married its
employees’ careers in investigative work with LLMs. It modified
off-the-shelf models to look for patterns in the data based on “our
backgrounds in transaction monitoring and corruption in big data
investigations,” he says. 

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Supersonic aircraft startup Exosonic is shutting down | TechCrunch
[[link removed]}&lead=419599&emailid=90972&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

Startup land wasn't as quiet this week as you might've expected |
TechCrunch
[[link removed]}&lead=419599&emailid=90972&nl=daily]
We already knew that fundraising in the post-ZIRP (zero interest rate
policy) era was hard. Now we are also finding out that there’s no
magic revenue number to unlock a Series A round. As Greylock partner
Corinne Riley said onstage at Disrupt, there’s no set milestone that
VCs will request: “What we’re looking for is actually the quality
of the ARR [annual recurring revenue], and not the quantity of ARR.”

Work

Exclusive: Monarch Tractor lays off 10% in restructuring towards
software and licensing | TechCrunch
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Penmetsa said these changes inspired the cuts which hit, among other
things, some of Monarch’s engineering and operations team. He also
said that Monarch is leaning more on contract-manufacturer Foxconn,
which builds the tractors at its Lordstown, Ohio facility, for
operational roles.

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'Whatever you want Ben': Inside Ben Horowitz's cozy relationship with
the Las Vegas Police Department | TechCrunch
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“This technology is changing the game,” McMahill declared to the
crowd of a16z investors. “We are going to get to a place at some
point where it becomes impossible to commit a crime.” 

Work

Minnesota man kills wife, ex-partner and two sons before killing
himself
[[link removed]}&lead=419599&emailid=90972&nl=daily]
In the US, the suicide prevention lifeline is 988 and the domestic
violence hotline is 1-800-799-SAFE (7233). In the UK, Samaritans can
be contacted on freephone 116 123 and the domestic abuse helpline is
0808 2000 247. In Australia, the crisis support service Lifeline is on
13 11 14 and the national family violence counselling service is on
1800 737 732. Other international helplines can be found via
www.befrienders.org

Work

Oregon ambulance struck cyclist, then billed him $1,800 for ride to
hospital
[[link removed]}&lead=419599&emailid=90972&nl=daily]
According to police reports obtained by OregonLive, the driver who
struck Hoesch and a passenger in the ambulance estimated the ambulance
was going between 2mph and 10mph at the time of the accident. Hoesch
estimated to police that he was going between 5mph and 10mph.

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US army major faces rape and sexual assault charges involving 20
victims
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Information and support for anyone affected by rape or sexual abuse
issues is available from the following organisations. In the US, Rainn
offers support on 800-656-4673. In the UK, Rape Crisis offers support
on 0808 500 2222. In Australia, support is available at 1800Respect
(1800 737 732). Other international helplines can be found at
ibiblio.org/rcip/internl.html

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Astronauts tight-lipped about reason for hospital visit after 235 days
in space
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“You’re like, are we going home tomorrow? You call your wife,
like, hey, we’re coming home tomorrow, and then we’re not, and
then we’re coming home, no, next week. Maybe,” Dominick said.

Work

Federal judge strikes down Illinois assault weapons ban
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Illinois enacted Pica in 2023 after a shooter with a high-powered
rifle killed seven people at the 2022 Independence Day parade in
Highland Park. It banned firearms classified as assault weapons, as
well as 15-round handgun magazines and 10-round long-gun magazines.

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Downing Street to decide upon new US ambassador within days
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Pierce posted to X on Wednesday after Trump was announced as the US
election winner: “We look forward to deepening our already profound
and successful partnership as we deal with the challenges of the 21st
century.”

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Donald Trump has been invited to address UK parliament, says Nigel
Farage
[[link removed]}&lead=419599&emailid=90972&nl=daily]
The party is trying to present itself as the main rightwing challenger
to Labour, and is seeking to build support in former industrial parts
of Wales and the north of England, where it finished second in the
general election.

Work

Liverpool baby hospice saved after city helps raise funds for new home
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Wright added that the charity was proud to be from Liverpool and would
face the challenge of running a new hospice “with the spirit and
teamwork we have shown in the last few weeks. We look forward to
supporting many more future families in our new home.”

Work

Schizophrenic Leicestershire man who killed mother given life sentence
[[link removed]}&lead=419599&emailid=90972&nl=daily]
He added: “Your mother died in the road outside your house, and her
house, with your father next to her as life expired with you watching
on. The impact of this killing of your mother is described rightly by
the prosecution as incalculable.”

Work

Met police refer two cases to watchdog after Fayed investigation
complaints
[[link removed]}&lead=419599&emailid=90972&nl=daily]
One of the survivors, who wanted to be identified only as Lindsay,
described Harrods as “a store that enabled the rape and sexual abuse
of so many young and innocent women … so we don’t think that
people should be shopping there”.

Work

Met officer who killed Jean Charles de Menezes on tube defends his
actions
[[link removed]}&lead=419599&emailid=90972&nl=daily]
An inquest jury returned an open verdict on De Menezes’s death,
rejecting the police claim that he was lawfully killed. The coroner
banned the jury from considering unlawful killing as a verdict.

Work

US justice department files charges over alleged Iranian plot to kill
Trump
[[link removed]}&lead=419599&emailid=90972&nl=daily]
The plot reflects what federal officials have described as ongoing
efforts by Iran to target US government officials, including Trump, on
US soil. Last summer, the justice department charged a Pakistani man
with ties to Iran in a murder-for-hire plot.

Work

Netanyahu appoints hardline backer of settlements as Israeli envoy to
US
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“Take it from one plain-speaking Scrantonian to another – we’re
going to win this one, with you or without you,” he said. “We’re
going win it hands down, because we are a people of survival, and this
battle is one of survival.”

Work

Elephants can wash with a hose ? and sabotage shower time, scientists
say
[[link removed]}&lead=419599&emailid=90972&nl=daily]
"It's something we would really like to know - does she think it's
funny?" said Brecht. "I think it's very funny, but we really don't
know. Maybe she's just trying to be mean."

Work

'Was I drugged and raped? I'll never know': partners of accused share
fears at Pelicot trial
[[link removed]}&lead=419599&emailid=90972&nl=daily]
"The memory never came back. I've lived with that for six years," she
said. "I ask myself, what really happened? I've read in the press that
he had intended to drug me. The only thing I can hope is that he
didn't do it."

Work

Relations between Ukraine and UK are worse under Labour, say Kyiv
officials
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Meanwhile, as many as 10,000 North Korean soldiers are mustering in
western Russia to join battle against Ukraine. In a post last week on
X, Zelenskyy accused the US, UK and Germany of passively
“watching” as North Korea’s army took part in a war in Europe.
He urged allies to approve long-range strikes so that North Korean
troops might be attacked before they killed Ukrainians.

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EU leaders vow to make bloc more competitive in face of Trump threat
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Others held out the hope that even if a new German government took
months to emerge, it should prove more constructive on the European
stage than the current coalition, whose constant internal
disagreements and in-fighting has often led Berlin to abstain on key
votes.

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Elon Musk reportedly makes surprise appearance on Trump-Zelenskyy call
[[link removed]}&lead=419599&emailid=90972&nl=daily]
I had an excellent call with President @realDonaldTrump and
congratulated him on his historic landslide victory—his tremendous
campaign made this result possible. I praised his family and team for
their great work.We agreed to maintain close dialogue and advance
our…

Work

Blockbuster: will Victoria's tough housing market push The Block into
the red?
[[link removed]}&lead=419599&emailid=90972&nl=daily]
"So it's sort of no wonder house prices started going up relative to
incomes. And if you already own the house, then you would think,
that's fabulous, because it is making you wealthier."

Work

Man charged with murder after woman's body found in unit on NSW's mid
north coast
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Police found woman's body at unit in South West Rocks, about 30km
north of Kempsey, after they were called there at 8am on Friday

Work

Jamie Oliver apologises after his children's book is criticised for
'stereotyping' First Nations Australians
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Penguin Random House UK said its Australian arm PRH Australia was in
no way involved in the content or publication of the book, which was
distributed into Australia as part of its global PRH network.

Work

Trump's tariff threats a 'clear and present danger' to Australia,
Arthur Sinodinos warns
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Sinodinos also backed his Washington successor, former prime minister
Kevin Rudd, amid debate about whether Rudd's historical social media
posts scathing of Trump - and deleted this week - might disadvantage
Australia. Rudd had built bridges to both Republicans and Democrats,
including in Congress.

Work

China unveils 10tn yuan support for debt-stricken local government
[[link removed]}&lead=419599&emailid=90972&nl=daily]
“Export has been the main engine of economic growth in China for the
past four years. So without additional stimulus from the government, I
think growth is going to be under pressure, if the US introduces
tariffs.”

Work

Outrage against Canada's Marineland theme park after fifth beluga dies
[[link removed]}&lead=419599&emailid=90972&nl=daily]
"We've been forewarning the public for over a decade that Marineland's
whales would be dying en masse unless someone intervened to fix the
conditions," he said. "Now it seems the government themselves are
protecting Marineland. It's difficult to have trust in your
institutions when they continually fail."

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Canada braced for migrants as Trump reiterates mass deportation vow
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Earlier this week, the deputy prime minister, Chrystia Freeland, said
her government “absolutely recognize[d] the importance to border
security and of controlling our own border, of controlling who comes
into Canada and who doesn’t”.

Work

Crypto businessman killed in apparent assassination at So Paulo
airport
[[link removed]}&lead=419599&emailid=90972&nl=daily]
The PCC boasts tens of thousands of members and has a growing
portfolio of interests, including illegal goldmines in the Amazon. It
controls one of South America's most important trafficking routes -
linking Bolivia and Brazil to Europe and Africa - and is partly
responsible for a tsunami of cocaine that has brought car bombings,
assassinations and gunfights to parts of Europe.

Work

'Africa in a glass': Abidjan cocktail week mixes local flavours for
global palates
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Fofana, who was born in Abidjan to a Malian-Senegalese father and
Guinean mother, says: "It's not what pays the bills ⦠but the main
thing for me with our events is to put my country [Ivory Coast] on the
map as far as local ingredients and local talents are concerned. Our
goal is [for people to] come and see what Africa also has to offer."

Work

Engadget Podcast: Reviewing the PS5 Pro and Apple's M4 Macs
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Cause I'm just getting a lot of MAGA spam now. I wonder, I wonder why
Elon Musk is letting that get through. I don't know. He doesn't run a
tight enough ship. But yeah, I'm at Devendra at most places. Find me
on blue sky though.

Work

The Morning After: Our verdict on Apple's M4 Mac mini
[[link removed]}&lead=419599&emailid=90972&nl=daily]
Variety reports that Amazon MGM Studios is developing a TV series
based on the sci-fi universe of Mass Effect. Daniel Casey will be the
series writer and executive producer. He has action credits on the
screenplay for F9: The Fast Saga and made contributions to sci-fi
films Kin and 10 Cloverfield Lane. The Mass Effect series includes a
critically acclaimed trilogy of titles and a critically panned sequel,
Andromeda. There’s also another game in the works, which I assume
would dovetail into this show somehow. Corporate synergy, baby.

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