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☆ China funds look to Mideast cash as US investments wane
▼ + stars: | 2023-10-10 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Seven China equity funds, including hedge funds and mutual funds, running more than $500 billion in combined assets, told Reuters they visited the Middle East this year to raise money, three of them for the first time. The search for new capital could affect Asia's hedge fund scene, where China firms account for more than half the market. "In the past perhaps the holy grail of capital raising was the U.S.," said Effie Vasilopoulos, co-Leader of law firm Sidley Austin's Asia-Pacific investment funds group. So that dynamic is leading many of our clients to the Middle East." However, sovereign funds in the Middle East have been large buyers.

Persons: Aly, Effie Vasilopoulos, Sidley, Steven Luk, Erin Wu, Wong Kok Hoi, Wong, Summer Zhen, Tom Westbrook, Jacqueline Wong Organizations: REUTERS, Seven, Reuters, FountainCap Research & Investment, OP Investment Management, POLITICO, Big U.S, ' Pension, California State Teachers, APS, Thomson Locations: Shanghai, Shenzhen, China, HONG KONG, Seven China, U.S, Asia, Pacific, Europe, Australia, Hong Kong, Texas, Singapore, Middle Eastern

☆ Morgan Stanley says these 23 top dividend stocks offer a combination of growth and stability for investors desperate for returns after a market pullback
▼ + stars: | 2023-10-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

Not only do dividend stocks consistently outperform non-dividend-paying stocks, they also outperform during market downturns. The best dividend stocks increase payouts over timeThe only question is which dividend stocks to invest in. "Slow and steady wins the race and that's how we view dividend growth compared to high dividend yield," Wilson wrote. He polled analysts across Morgan Stanley covering high-dividend industries, asking them for their top dividend-paying stocks within their areas of expertise. Along with each company's name is the ticker symbol, Morgan Stanley analyst rating, industry, last closing price, and Morgan Stanley's estimated 2024 dividend yield.

Persons: Morgan, Mike Wilson, Wilson, Morgan Stanley, it's, Morgan Stanley's

☆ Silicon Valley fund Bessemer Venture Partners expands European investment team with hire of ex-SoftBank VP
▼ + stars: | 2023-09-22 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Silicon Valley fund Bessemer Venture Partners has expanded its European investment team with the hire of former SoftBank vice president Justina Chung. Chung has joined Bessemer's London office, which is led by partner Alex Ferrara who opened the fund's European operations in 2020. Bessemer made its first European investment in 2004 and has continued to back startups in the region, including German fintechs Upvest and Mambu as well as British neobank Zopa. Chung was a vice president at SoftBank's Vision Fund, where she served on the boards of temp staffing agency Jobandtalent and second-hand designer fashion marketplace Vestiaire Collective. "It's clear that great founders begin their journey here, in Tallinn or Stockholm, London, Paris or Berlin," Chung, who is now a vice president at Bessemer, told Insider.

Persons: Justina Chung, Chung, Alex Ferrara, Bessemer, Jobandtalent, Goldman Sachs Organizations: Bessemer Venture Partners, LinkedIn, Bessemer's London, SoftBank's Vision, Sorare, SoftBank, Credit Suisse, Bessemer, US Locations: San Francisco, Tallinn, Stockholm, London, Paris, Berlin, Europe, Mistral

☆ This storm chaser captures stunning photographs of extreme weather
▼ + stars: | 2023-09-20 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

Ad FeedbackThough she is an accountant by trade, Sarah Hasan Al-Sayegh calls herself the first Kuwaiti-Arab female storm chaser. “Storm chasing made me see the world more,” she says. Al-Sayegh recalls that on May 31, 2016, she and fellow storm chaser Mike Olbinski came across a huge storm structure near Lamesa, Texas. She now hopes to expand her meteorological knowledge and raise awareness around climate change. “I just hope to be able to put that message to everybody through my photography and through my storm chasing,” Al-Sayegh says.

Persons: Sarah Hasan Al, Sayegh, ”, “, sandstorms, Storm Daniel, Mike Olbinski, “ Don’t, ” Al Organizations: CNN, UN, United Arab, Kuwait City Locations: Kuwaiti, Kuwait, East, North Africa, Iran, Iraq, Syria, Dubai, Libya, Saudi Arabia, United Arab Emirates, Qatar, Al, Lamesa , Texas, Gulf

☆ See inside Starbucks' quest for 'the cup of the future'
▼ + stars: | 2023-09-15 | by ( Peter Prengaman | Associated Press | ) www.businessinsider.com time to read: +14 min

Just as noteworthy as what they're carrying is what they are not: the disposable Starbucks cup, an icon in a world where the word is overused. ASU implemented a "borrow and return" plan that has users dump reusable cups in a bin outside the store. AP Photo/Ross D. FranklinNow, in an era where concern for sustainability can be good business, the Starbucks disposable cup may be on its way to extinction thanks to an unlikely force: Starbucks itself. Currently, ASU students can bring their own reusable cups or are given a reusable cup to wash and return. Since the reintroduction of reusable cups in some stores in July 2021 — reusable cups were not used during much of the COVID-19 pandemic — only 1.2% of worldwide sales in fiscal year 2022 came from reusables.

Persons: — Bethany Patton, Patton, Ross D, Franklin, that's, Michael Kobori, Lindsey Wasson, Erin Simon, Simon, Jon Solorzano, Solorzano, Irene Linayao, Aria, Tyler Eglen, Jane Tsilas, Walker, Kyle Walker, Franklin Valencia Villanueva, it's Organizations: Starbucks, Service, ASU, AP, Arizona State University ., Wildlife Fund, Arizona State, Starbucks —, Franklin Locations: TEMPE, Ariz, United States, Los Angeles, Europe, Germany, San Francisco, San Diego, Seattle, Arizona, reusables, Villanueva

Just as noteworthy as what they're carrying is what they are not: the disposable Starbucks cup, an icon in a world where the word is overused. Political Cartoons View All 1160 ImagesNow, in an era where concern for sustainability can be good business, the Starbucks disposable cup may be on its way to extinction thanks to an unlikely force: Starbucks itself. At the store where Patton gets her coffee, Starbucks already doesn't serve any in disposable paper or plastic cups. That pushes the limits of what can be done with recycled paper material that holds hot liquids. Since the reintroduction of reusable cups in some stores in July 2021 — reusable cups were not used during much of the COVID-19 pandemic — only 1.2% of worldwide sales in fiscal year 2022 came from reusables.

Persons: — Bethany Patton, Patton, ”, that's, Michael Kobori, It’s, Erin Simon, Simon, Jon Solorzano, ” Solorzano, “ I’ll, Irene Linayao, Aria, Tyler Eglen, Jane Tsilas, Kyle Walker, Valencia Villanueva, it's, “, Peter Prengaman, Manuel Valdes Organizations: Arizona State University ., Starbucks, Wildlife Fund, Arizona State, Starbucks —, AS, Valencia, Associated Press, AP Locations: TEMPE, Ariz, United States, Los Angeles, Europe, Germany, San Francisco, San Diego, Seattle, Arizona, reusables

☆ TikTok is paying a small army of creator coaches to help influencers make money from livestreams
▼ + stars: | 2023-09-13 | by ( Marta Biino | Dan Whateley | ) www.businessinsider.com time to read: +5 min

TikTok creators make money from livestreams by receiving virtual items from fans that can be converted into real money. Dozens of agencies have joined the TikTok Live partner program, two sources told Insider. How agents are helping creators boost livestream performanceUnsurprisingly, there is no single growth strategy that applies to all TikTok Live creators. "What's great about TikTok Live is that we get to see the data in real-time," Herndon said. On top of the agency program, TikTok also offers an "accelerator program" for individual creators who have already found success with livestreams to help them scale further.

Persons: TikTok, Salome Khazaradze, Khazaradze, Jack Healy, Bill Herndon, Herndon, Joseph Sottile, livestreams Organizations: Google, TikTok Spartans, ATRX Agency Locations: Europe

☆ A Viable Alternative to Conventional Lawn? Cornell May Have Found One.
▼ + stars: | 2023-09-13 | by ( Margaret Roach | ) www.nytimes.com time to read: 1 min

It’s a grail of contemporary horticulture, a subject of inquiry for scientists and landscape designers alike: how to reinvent the estimated 40 million acres of lawn in the United States, shifting the emphasis toward native plants. Because traditional lawn care is, at its essence, a perpetual fight against biodiversity, a war conducted with mower blades and chemicals. All of the numbers — the gallons of water wasted, the tons of pollution generated — tell us to stop. But what should replace all of that mowed grass? The answer is not easy.

Locations: United States

Since the dollar index hit a 15-month low and embarked on its current upswing on July 14, Goldman Sachs' U.S. financial conditions index has risen 52 basis points. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsIt is a small sample size, but the exchange rate is becoming an increasingly important factor tightening U.S. financial conditions. But continued dollar appreciation could tighten financial conditions further without the Fed having to raise rates again. The last time they held a net long dollar position was November. Fed economists in June launched a financial conditions index called "FCI-G" - Financial Conditions Impulse on Growth - aimed at measuring the impact of conditions on activity and growth.

Persons: Kim Hong, Goldman Sachs, Jerome Powell, Jamie McGeever, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, U.S, HSBC, BULLS, Futures, Reuters, Goldman's FC, Open Market, Thomson Locations: Seoul, Rights ORLANDO , Florida, U.S, Goldman's

☆ Carl Icahn says new Illumina CEO has his 'full support' months after proxy fight
▼ + stars: | 2023-09-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Carl Icahn on Thursday expressed his support for Illumina 's new CEO Jacob Thaysen – a relief for the company as it tries to rebound from a bitter proxy fight with the billionaire activist investor. "I think he will do an excellent job and he has my full support," Icahn said in a post on X, noting that he spoke with Thaysen. Icahn, who continues to own a small stake in Illumina, launched a proxy battle over the company's decision to close its $7.1 billion acquisition of cancer test developer Grail in 2021 without approval from antitrust regulators in U.S. and European Union. Icahn was a staunch critic of Illumina's former CEO Francis deSouza, who ultimately resigned after the proxy battle in May despite securing enough votes to stay. "I'd find it comical, if it wasn't so reprehensible that ILMN's share price is down 63% due to CEO Francis deSouza making such an absurd and questionable purchase," Icahn said in a statement to CNBC in March.

Persons: Carl Icahn, Jacob Thaysen –, Icahn, Thaysen, Francis deSouza Organizations: Union, CNBC Locations: Illumina

☆ Illumina taps Agilent's Jacob Thaysen as CEO
▼ + stars: | 2023-09-05 | by ( Bhanvi Satija | ) www.reuters.com time to read: +2 min

FILE PHOTO: A sign at the front entrance to the global headquarters of Illumina is pictured in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake/File Photo(Reuters) -Illumina on Tuesday named Agilent Technologies’ Jacob Thaysen as its CEO, months after the former head of the U.S. genetic testing company resigned following a proxy fight with billionaire Carl Icahn. The company said Thaysen, 48, who has been part of the analytical instruments division leadership at Agilent since 2018, would take the helm effective Sept. 25. Thaysen “checks all the boxes” required for the CEO role with his expertise in medical tools industry and understanding of Illumina’s customer base, said Evercore analyst Vijay Kumar. Thaysen will replace interim CEO Charles Dadswell, who will resume as senior vice president and general counsel at Illumina.

Persons: Mike Blake, Jacob Thaysen, Carl Icahn, Illumina, Icahn, Thaysen, Vijay Kumar, John Thompson, Andrew Teno, Francis deSouza, deSouza, Charles Dadswell, Patrick Donnelly Organizations: REUTERS, Illumina, Citi Locations: San Diego , California, U.S, Agilent, Illumina, China

☆ Illumina names new CEO months after Icahn proxy fight over Grail deal
▼ + stars: | 2023-09-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Illumina 's board on Tuesday named Jacob Thaysen the DNA sequencing company's new CEO as it tries to rebound from a grinding dispute over its acquisition of cancer test developer Grail. Thaysen, a 48-year-old longtime executive at medical devices firm Agilent , will step in as CEO on Sept. 25. His nomination comes months after a bitter proxy fight with activist investor Carl Icahn ended with Illumina's former CEO Francis deSouza resigning despite securing enough votes to stay. "Jacob's unique combination of deep technological and commercial experience will be a great addition to Illumina," Stephen MacMillan, the chair of Illumina's board, said in the release. Thaysen will take over for Charles Dadswell, who has been serving as Illumina's interim CEO since June.

Persons: Illumina, Jacob Thaysen, Carl Icahn, Francis deSouza, Icahn, Thaysen, Stephen MacMillan, Charles Dadswell, Dadswell Organizations: Union, European Commission, U.S . Federal Trade Commission, Illumina Locations: Illumina, San Diego , California, U.S, Agilent

☆ Brands pouring money into film and TV content are the latest to demand more data sharing from streamers
▼ + stars: | 2023-09-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

They're pouring more money into Hollywood-style entertainment but want streamers to share more data. An industry effort is underway to standardize measurement of brand films. Brands are joining the chorus of content producers and creators demanding more audience data from Hollywood entertainment giants. Without transparency from the streamers, brands and their agencies rely on other measurements, some quantitative, some qualitative — typically a mix of things like critical reviews, social chatter, earned media, and sentiment. Most streamers don't show viewership data, so "you never really know how many people saw it," said Marc Gilbar, who leads Imagine's brands division.

Persons: Saint Laurent, who've, Gamble —, Brian Newman, REI, Hulu doesn't, Kyra Sedgwick, Paolo Mottola, Mottola, Megan Wells, who's, Ron Howard, Brian Grazer's, Marc Gilbar, Kimberly Doebereiner, Doebereiner Organizations: Hollywood, Brands, Pepsi, Companies, Procter, HBO, Unilever, Netflix, Hulu, Sundance Film, Brand Storytelling, G Studios Locations: Hollywood

☆ Homo floresiensis: The curious case of the hobbit and what its remarkable discovery taught us
▼ + stars: | 2023-09-02 | by ( Katie Hunt | ) edition.cnn.com time to read: +15 min

The Liang Bua cave excavation site, where the fossils of Homo floresiensis were discovered on the island of Flores in Indonesia. A 3D cast of the skeleton of Homo Floresiensis on display at Stony Brook University, part of the State University of New York system. The Liang Bua team named the species Homo floresiensis after the island where the fossils were discovered. Sutikna said that a thick layer of volcanic ash was found just on top of the layer where Homo floresiensis was first found. And above the volcanic ash layer, we did not find any fossils of Homo floresiensis or other ancient animals,” he said.

Persons: Thomas Sutikna, trowel, Liang Bua, Sutikna, ”, floresiensis, Achmad Ibrahim, Saptomo, Tim Wiencis, Mike Morwood, Liang, hobbitus —, floresianus —, Paige Madison, Bert Roberts, Robert Pearce, Bua, Homo erectus, erectus, chimplike wristbones, Lucy, australopithecines, Chris Stringer, “ I’m, ” Stringer, “, luzonensis, Matt Tocheri, Flores, Mata Menge, Flores hobbits, Tocheri, ’ There’s, Stringer, it’s, ” Tocheri, ” Madison, we’re Organizations: CNN, Indonesia’s, Archaeometric Research, Research and Innovation Agency, Stony Brook University, State University of New, University of Wollongong, Sydney Morning Herald, Fairfax Media, AP, Lakehead University, Smithsonian Institution Locations: Indonesian, Liang, Flores, Indonesia, Jakarta, Stony, State University of New York, Australian, Australia, Africa, Java, Asia, London, South Africa, Philippines, Yogyakarta, Canada, Thunder Bay , Ontario, It’s, Madison, Sulawesi

☆ Opinion: Remembering ‘Juice,’ the young fighter pilot who embodied the Holy Grail of aviation
▼ + stars: | 2023-09-01 | by ( Opinion Nolan Peterson | ) edition.cnn.com time to read: +11 min

The young Ukrainian pilot known by the call sign "Juice" campaigned for F-16 fighter jets for his country in its battle against Russia. The joking, the nonchalance, the sterile vocabulary — it’s all part of a well-honed fighter pilot culture, which ingrains the mental resilience needed to survive. “Even with our losses, we are still doing our job in this real combat mood, real fighter pilot mood, with crazy jokes. Beyond their fears and sorrows, there is another emotion, unique to war, which Ukrainian fighter pilots must now also control each time they fly. For its part, the US military plans to start training Ukrainian pilots to fly the supersonic fighters this October.

Persons: Nolan Peterson, Read, CNN —, I’ve, Andriy Pilshchikov —, he’d, Juice, I’m, “ We’re, we’ve, “, …, ” Melaniya, wasn’t, —, Tom Wolfe, ’ Nolan Peterson, ” Jonathan “, ” Juice, it’s, ” Podolyak, ” Organizations: Atlantic Council, US Air Force, Fortem Technologies, CNN, Tactical Aviation Brigade, Russia, Garmin, California National Guard, Kyiv, Ukrainian, Twitter, Facebook, US Air National Guard Locations: Ukraine, Kyiv, Ukrainian, Afghanistan, Russian, Kyiv’s outskirts, ” Jonathan “ Jersey, Soviet, Netherlands, Denmark, Norway, California

☆ Matildas to look back in pride after thrilling host nation
▼ + stars: | 2023-08-17 | by ( Ian Ransom | ) www.reuters.com time to read: +5 min

England's second goal may haunt Ellie Carpenter, whose failure to clear an innocuous long ball opened the door for Lauren Hemp to swoop. Distraught midfielder Katrina Gorry worried the Matildas had let the nation down after building them up on their first run to a World Cup semi-finals. "The joyride is over, but the glow will long remain," sports columnist Greg Baum wrote in Melbourne's The Age newspaper. Since being awarded the right to host the tournament with New Zealand three years ago, Australian soccer officials have promised repeatedly that the World Cup would leave a strong legacy for the game. Long-term, it remains to be seen whether the World Cup has moved the needle for a sport in Australia that has modest professional leagues and struggles to retain talent.

Persons: Sam Kerr, Hannah Mckay, Sam Kerr's, England's, Ellie Carpenter, Lauren Hemp, Lax, Katrina Gorry, Gorry, Greg Baum, Kerr, Vine, Ange Postecoglou, Ian Ransom, Jamie Freed Organizations: Soccer Football, FIFA, England, Rights MELBOURNE, Stadium Australia, Spain, Sweden, Olympic, Canada, Nigeria, Australia, France, Australian Rules, New Zealand, Seven Network, league, Socceroos, Thomson Locations: New Zealand, Australia, Sydney, England, Denmark, Canada, Melbourne

☆ LK-99 May Not Be a Room-Temperature Superconductor, but What if It Were? - The New York Times
▼ + stars: | 2023-08-12 | by ( Andrew Cote | ) www.nytimes.com time to read: +1 min

The past three weeks have witnessed the dramatic rise and fall of a new candidate for the holy grail of materials science: a superconductor that works at room temperature. The public interest around LK-99 was a social phenomenon as much as a scientific one. The miraculous potential of superconductors is that they carry electricity over large distances with perfect efficiency. If we ever figure out how to manufacture them cheaply and make them work at room temperature rather than only at hundreds of degrees below zero, it would revolutionize our economy and help save the environment. Superconductors can also achieve feats like powerful magnetic fields and levitation in midair, enabling new categories of electronic devices, computers and modes of transportation.

Organizations: Twitter Locations: South Korea

REUTERS/Mike Blake/File PhotoCompanies Grail Inc FollowIllumina Inc FollowAug 11 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has begun an investigation into Illumina's (ILMN.O) $7.1 billion acquisition of cancer detection test maker Grail (GRAL.O), the gene sequencing company said in a regulatory filing. An SEC spokesperson said the agency "does not comment on the existence or nonexistence of a possible investigation". Illumina declined to comment or provide further details on the SEC investigation. The gene-sequencing machine maker had repurchased Grail in 2021, despite opposition from U.S. and European antitrust regulators, a decision that prompted investor Carl Icahn to pursue a proxy fight at Illumina, arguing Grail should be divested as it had cost investors billions of dollars. Illumina was fined 432 million euros ($476 million) by the EU last month for closing the deal before approval by European antitrust regulators.

Persons: Mike Blake, Illumina, Carl Icahn, Mariam Sunny, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, EU, Thomson Locations: San Diego , California, U.S, California, Illumina, Bengaluru

☆ SEC investigating Illumina over acquisition of cancer test developer Grail
▼ + stars: | 2023-08-11 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The Securities and Exchange Commission is investigating Illumina over its controversial $7.1 billion acquisition of cancer test developer Grail, the DNA sequencing company said in a securities filing late Thursday. Last month, the SEC informed Illumina about the probe and requested documents and communications related to the deal. The company's market value has fallen to roughly $28 billion from around $75 billion the month the deal closed. Illumina's Grail deal has also faced heavy scrutiny from antitrust regulators in the U.S. and European Union. The European Commission, the EU's executive body, fined Illumina a record $476 million last month for closing the acquisition without first securing regulatory approval.

Persons: Illumina, That's, Carl Icahn Organizations: The Securities, Exchange Commission, SEC, Union, The European Commission, Illumina, U.S . Federal Trade Commission Locations: Illumina, San Diego , California, U.S

☆ Illumina cuts annual profit forecast as biotech funding woes linger
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File PhotoAug 9 (Reuters) - Illumina Inc (ILMN.O) cut annual profit forecast, in a sign that a funding crunch among its biotech and pharmaceutical clients is expected to weigh on sales for its genetic testing tools and diagnostics products. Rising interest rates have squeezed funding for drug development and research programs among small biotech firms, especially in China. Higher-than-estimated demand for the production-scale sequencer, NovaSeq X, however, helped the U.S. genetic testing company surpass Wall Street estimates for second-quarter profit. The San Diego, California-based company reported adjusted profit of 32 cents per share, compared with expectations of 2 cents per share, according to Refinitiv data. Illumina expects full-year adjusted profit per share to be between $0.75 and $0.90, compared with its prior forecast of $1.25 to $1.50.

Persons: Mike Blake, Charles Dadswell ., Illumina, Carl Icahn, Francis deSouza, Pratik Jain, Shilpi Majumdar Organizations: Inc, REUTERS, Illumina, Bank, Wall, Thomson Locations: San Diego , California, China, U.S, Bengaluru

☆ What is the LK-99 superconductor? Everyone is talking about how it could change the world, but experts say we're still a long way off
▼ + stars: | 2023-08-04 | by ( Sindhu Sundar | Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

South Korean scientists claim to have made a superconductor, LK-99, that works at room temperature. But electricity that travels along a superconductor barely loses energy along the way. That's the premise behind LK-99, a possible superconductor material that scientists in South Korea say they have devised, which has been dominating headlines and social media posts in the past week or so. To that end, some experts are trying, but this holy grail has eluded scientists for many years, so the prospects are still a long way off, experts told Insider. "So low power energy chips is one major area in chip design."

Persons: Leonard Kahn, Kahn, Edwin Fohtung, Elif Akçalı, Akçalı, it's, Meissner, we're, Siddharth Joshi, Joshi, Navid Asadi, Asadi, Dale Rogers Organizations: Service, Department of Physics, University of Rhode Island's College, Rensselaer Polytechnic Institute, University of Florida, University of Notre Dame, Arizona State University Locations: Wall, Silicon, South Korea

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ Superconductor claims spark investor frenzy, but scientists are skeptical
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +7 min

The South Korean researchers last week said they found a superconductor that works at room temperature, which has long been considered a holy grail for scientists in the field. The South Korean researchers published two papers - one initial paper with three authors and a second, more detailed paper with six authors that included only two of the authors from the first paper. The gold standard for proof of discovery is other labs reliably replicating the South Korean researchers' findings. But another team, from Qufu Normal University, said they did not observe zero resistance, one of required characteristics of a superconductor. On Thursday, South Korean experts said they would set up a committee to verify the claims.

Persons: Read, Kelvin, Eric Toone, Bill Gates, Mike Norman, Norman, Sinéad Griffin, Lawrence, Griffin, apatite, Michael Fuhrer, Fuhrer, Argonne's Norman, Stephen Nellis, Joyce Lee, Brenda Goh, Krystal Hu, Kenneth Li, Deepa Babington Organizations: CEA, Nuclear Research, South, Reuters, South Korean, Huazhong University of Science, Technology, Qufu Normal University, Southeast University, Bill Gates ’, Energy Ventures, National Laboratory, Lawrence Berkeley National Laboratory, . Department of Energy, Monash University, Thomson Locations: ., China, South Korea, Nanjing, Melbourne, Australia, San Francisco, Seoul, Shanghai, New York

☆ LK-99 Is the Superconductor of the Summer
▼ + stars: | 2023-08-03 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +1 min

When Sinéad Griffin of Lawrence Berkeley National Laboratory in California had some new findings to share about a seemingly magical material that has made users of Twitter go gaga, she did not have to do much to gain a lot of attention. The unusual material, named LK-99, has been presented to the world as a superconductor that would carry electricity at room temperatures with zero resistance. On Twitter — or X, as Elon Musk has renamed it — “LK-99” has been a trending topic in recent days, and enthusiasts have hailed what they believe to be a long-sought holy grail of physics, one that would transform everyday life with new technologies to solve climate change and make levitating trains commonplace. On Monday evening, Dr. Griffin let the social media world know of her findings in a short post that contained only a link to her preliminary paper and an animated GIF of President Barack Obama dropping a microphone at the White House Correspondents Dinner in 2016.

Persons: Sinéad Griffin, Lawrence, gaga, Elon Musk, Griffin, Barack Obama Organizations: Lawrence Berkeley National Laboratory, Twitter, Elon, White Locations: California

☆ If Elon Musk understood anything about China, he'd know his attempt to make X a super app like WeChat is doomed to fail
▼ + stars: | 2023-07-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

Elon Musk thinks turning X into an everything app like WeChat could make the company profitable. Elon Musk may be going all in with his plan to turn X into an everything app in the vein of China's WeChat. In fact, Musk gave us all some insight into what X might one day look like when he expressed his admiration for China's everything app, WeChat, last summer. We don't have anything like that outside of China," Musk continued. Even foreigners would be hard pressed to make their way around China without using the WeChat app to make simple purchases.

Persons: Elon, Musk, WeChat, HECTOR RETAMAL, he's, —, Feng Kaihua, Tencent, China's Didi Chuxing, doesn't Organizations: Morning, PayPal, Twitter, Getty Images, Facebook, Getty, Netflix, YouTube Locations: China, AFP, Xinhua

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