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☆ Cramer outlines how investors should position themselves for the week ahead
▼ + stars: | 2024-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer outlines how investors should position themselves for the week ahead'Mad Money' host Jim Cramer breaks down how investors should position themselves for next week, what to expect from Walmart and Lowe's earnings, and more.

Persons: Cramer, Jim Cramer Organizations: Walmart

☆ The app data has spoken, and Gen Z's love for Temu is real
▼ + stars: | 2024-11-15 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Temu was the most downloaded app by Gen Z in the US in the first 10 months of 2024. AdvertisementAmerica's Gen Z is really here for Temu. The Chinese online marketplace was the most downloaded app by Gen Zers in the first 10 months of the year. "Gen Z values a highly curated shopping experience that delivers both variety and convenience at accessible price points," Whaley said. Gloria Gan, a lifestyle analyst at the UK-based market research firm Mintel, said Temu is making inroads with Gen Z because of the generation's "tech-savviness and frequent online shopping habits."

Persons: Temu, Gen Z, —, Gen Zers, Zers, TikTok, Jim Whaley, Whaley, Gloria Gan, Gen, Gan Organizations: Service, PDD Holdings, Daxue Consulting, Business, Amazon Locations: China, York

☆ Germany's Scholz urges Putin in phone call to open talks with Ukraine
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

German Chancellor Olaf Scholz (SPD, r) and Russian President Vladimir Putin look up after several hours of one-on-one talks at a joint press conference. Scholz met the Russian president for talks on the situation on the Ukrainian-Russian border. German Chancellor Olaf Scholz urged Russian President Vladimir Putin in a rare phone call on Friday to begin talks with Ukraine that would open the way for a "just and lasting peace." In a one-hour phone conversation, their first in almost two years, Scholz also demanded the withdrawal of Russian troops from Ukraine and reaffirmed Germany's continued support for Ukraine, a German government spokesman said. "He stressed Germany's unbroken determination to back Ukraine in its defence against Russian aggression for as long as necessary," the spokesperson added.

Persons: Olaf Scholz, Vladimir Putin, Scholz, Germany's, Volodymyr Zelenskiy, Putin, Donald Trump's, Trump Organizations: Ukraine, U.S, Social Democrats Locations: Russian, Ukraine, Russia, Germany, United States

☆ How Trump's selection of RFK Jr. as HHS secretary could impact the pharma sector
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Trump's selection of RFK Jr. as HHS secretary could impact the pharma sectorJared Holz, healthcare sector strategist at Mizuho Securities America, and CNBC's Angelica Peebles join 'Power Lunch' discuss pharma stocks' reaction to Robert F. Kennedy Jr.'s appointment to lead the Department of Health and Human Services, what the incoming administration could mean for regulation in the sector, and more.

Persons: Jared Holz, Angelica Peebles, Robert F, Kennedy Jr Organizations: RFK Jr, pharma, Mizuho Securities America, Department of Health, Human Services

☆ I've dated tech bros in San Francisco and New York. The men in one city made me never want to move back.
▼ + stars: | 2024-11-15 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

San Francisco tech bros lacked consideration and were more homogenous to one another. New York City tech bros are more diverse and considerate, yet dating remains complex. I've dated tech bros in San Francisco and New York City and have found that each city attracts completely different types of men. I wasn't looking to date tech bros, it just so happened every man I went on a date with in San Francisco was. Tech bubbles exist in San Francisco and New YorkMost San Francisco tech bros I met would be dressed in their Patagonia vests and work uniforms like a copy and paste of one another.

Persons: Chloe Diaz, —, It's, Bumble, would've, I'd, Mason Margiela, They're, I've, haven't, Tess Martinelli Organizations: bros, San, Service, Arizona State University Law School, San Francisco and New, Big Tech, Spotify Locations: San Francisco, NYC, New York City, San Francisco and, San Francisco and New York City, San Francisco and New York, Patagonia, New York, York, tmartinelli

☆ What the market says about the state of semiconductors
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat the market says about the state of semiconductorsJeff deGraaf, Renaissance Macro Research chairman, joins CNBC's 'Closing Bell' to discuss what the markets are showing with the post-election rally pause, why semiconductors are moving down, and more.

Persons: Jeff deGraaf Organizations: Macro

☆ Room to Read CEO discusses the global literacy crisis
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoom to Read CEO discusses the global literacy crisisDr. Geetha Murali, CEO of nonprofit organization Room to Read, discusses what it's doing to address the literacy crisis and the problems of access and bias when it comes to the use of technology.

Persons: Geetha Murali

☆ Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more
▼ + stars: | 2024-11-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. Berkshire Hathaway bought more than 1.2 million shares, making the investment worth around $550 million at the end of September. Ulta Beauty – Shares slipped 5% after Berkshire Hathaway revealed in a regulatory filing that it had nearly dissolved its position in the beauty retailer, selling around 97% of its shares. Ulta was a new bet for Berkshire, which had just bought the stock in the second quarter.

Persons: Robert F, Kennedy Jr, Donald Trump's, Warren Buffett, Berkshire Hathaway, Ulta, Palantir, Jesse Pound, Lisa Kailai Han, Pia Singh Organizations: Materials, LSEG, Moderna, Department of Health, Human Services, Corp, —, Berkshire, Pool Corp, Nasdaq, New York Stock Exchange Locations: China, Domino's

☆ Leonids Meteor Shower: When and How to Watch Its Peak
▼ + stars: | 2024-11-15 | by ( Katrina Miller | More About Katrina Miller | ) www.nytimes.com time to read: +1 min

Meteor showers, natural fireworks that streak brightly across the night sky, are one of them. The latest observable meteor shower will be the Leonids, which have been active since at least Nov. 6 and are forecast to continue through Nov. 30. They reach their peak Nov. 16 to 17, or Saturday night into Sunday morning. Meteors from the Leonids can be spotted in the constellation Leo, and they will be visible from both the Northern and Southern Hemispheres. The Leonids produce some of the fastest meteors each year, at 44 miles per second, with bright, long tails.

Organizations: Northern, Global, Network Locations: Southern

☆ Spain nursing home fire kills 10
▼ + stars: | 2024-11-15 | by ( Kathy Rose Obrien | Story Associated Press | ) edition.cnn.com time to read: +1 min

Madrid AP —At least 10 people died and others were injured in a blaze at a nursing home near Zaragoza, Spain, before firefighters managed to extinguish the flames, local authorities said Friday. The alarm was raised early Friday morning in Villafranca de Ebro, about 28 kilometers (18 miles) from the northeastern city. At least 10 people died in a blaze at a nursing home in Zaragoza, Spain, before firefighters managed to extinguish it, local authorities reported on Friday. Local media said 82 people had been living in the nursing home, which focused on treating people with dementia and mental health issues. Volga Ramírez, mayor of Villafranca de Ebro, told reporters outside the center on Friday morning that intense smoke from the blaze was likely responsible for the deaths.

Persons: ” Ramírez, “, ” Jorge Azcón, Pedro Sánchez Organizations: Madrid AP —, Local, Spanish Locations: Madrid, Zaragoza, Spain, Villafranca de Ebro, Ramírez, Aragon, Villafranca, Ebro, Spanish, Valencia

☆ I got sober thanks to a monthly shot of a drug that helps stop my craving for alcohol. I lost 70 pounds in the process.
▼ + stars: | 2024-11-15 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

He wasn't present for his son as he grew up since he could only think about his next drink. The granddad finally got sober at 50 by getting monthly shots of a drug that manages his cravings. I wasn't present for my son, Joel, when he was growing up. AdvertisementIn high school, I'd drink at parties and friends' houses. I told Suzanna to get rid of my distilling equipment in the basement.

Persons: Jeff Horton, Joel, let's, I'd, I've, Suzanna, We'd, It's, Harley, Nora, —, I'm Organizations: Sinai Wellness, XXL, Business Locations: Tucker , Georgia, We'd, Florida, Jamaica, Dahlonega , Georgia

☆ From hours to seconds: A short demo on parallel computing shows why Nvidia is the world's most valuable company
▼ + stars: | 2024-11-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Increased availability of advanced chips has made parallel computing more accessible. By and large, they were nerding out on the possibilities of parallel computing. That speed comes from the parallel computing that the GPU enables. AdvertisementThe concept has been around since the 1980s, but until relatively recently, the capability to actually perform parallel computing was hard to access. This immense volume of computations is what has driven so much demand for Nvidia GPUs.

Persons: —, Rick Ratzel, Pydata, Ratzel Organizations: Service, Nvidia, Python Locations: Manhattan

☆ Rare gladiator-shaped knife handle gives insight into Roman celebrity culture
▼ + stars: | 2024-11-15 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —A rare knife handle in the shape of a gladiator has been discovered at Hadrian’s Wall in the north of England, shining a new light on the celebrity status of the ancient Roman combatants. The secutor gladiator depicted on the knife handle wears a helmet, holds a big shield and has his left hand out, which would have been holding a sword. The knife handle was discovered in a river at Corbridge Roman Town on Hadrian’s Wall in Northumberland, England. The 2,000-year-old knife handle was found in the Tyne River at Corbridge Roman Town on Hadrian’s Wall, a defensive barrier built by the occupying Romans in northeast England. “This beautifully made knife handle is a testament to how pervasive this celebrity culture was, reaching all the way to Hadrian’s Wall at the very edge of the Roman Empire,” she added.

Persons: ”, ” Frances McIntosh, ” McIntosh, McIntosh, ” “, “, Ridley Scott’s Organizations: CNN, Heritage, East, English Heritage Locations: England, Rome, Corbridge, Hadrian’s, Northumberland, Tyne, Britain, Roman, United States

☆ McDonald’s spends $100 million to lure customers back after E. coli outbreak
▼ + stars: | 2024-11-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing, which includes a value deal focused on its chicken nuggets, plus $65 million directed toward franchisees that have lost business in states where the outbreak happened. Visits and sales took a nosedive in October after the Centers for Disease Control and Prevention and the Food and Drug Administration said that fresh slivered onions served on the Quarter Pounders were the likely source of an E. coli outbreak. More than 100 people got sick across 14 states and several lawsuits have been filed against the chain. McDonald’s has said recent tests showed no E. coli in its food, and in the memo noted its Quarter Pounder burgers topped with slivered onions are now back on menus nationwide.

Persons: New York CNN —, McDonald’s, ”, Michael Gonda, Tariq Hassan, Chris Kempczinski Organizations: New, New York CNN, CNN, Centers for Disease Control, Food and Drug Administration Locations: New York, North America

☆ Markets are grappling with the impact of Trump's win and how the Fed will react
▼ + stars: | 2024-11-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

However, he went on to back up Chair Jerome Powell 's statement Thursday that the Fed doesn't need to be "in a hurry" to cut. "I do think if there's disagreement of what's the neutral rate, it does make sense at some point to start slowing." Getting to neutral, or a place that neither boosts nor restrains growth, is the Fed's ultimate goal, but Trump's victory could complicate the journey. The burst of euphoria after Trump's win actually complicates the situation by providing looser financial conditions that might make the Fed slower to ease. In any event, traders see a high likelihood that even if a December cut does happen, the Fed almost certainly will skip January as it assesses the landscape.

Persons: Donald Trump, Austan Goolsbee, Goolsbee, Jerome Powell, Susan Collins Organizations: Trump, Wall, Federal, Chicago Federal, CNBC, Wall Street Journal, Boston Fed, Traders

☆ A fluffy, $85 toy is taking Asia by storm and sparking legions of knockoffs. Inside the meteoric rise of Labubu.
▼ + stars: | 2024-11-15 | by ( Aditi Bharade | Erin Liam | ) www.businessinsider.com time to read: +9 min

The Labubu and Pop Mart phenomenonLabubu dolls at the opening of a Pop Mart store in Bangkok. AdvertisementIn a statement to BI, a representative from Pop Mart said that Labubu has gained a strong global fan base. Advertisement"There's a bit of a 'FOMO' feeling," said Sim, 31, who owns around six Labubu toys. She has around 17 Labubu toys and said she spent over $10,000 on them. Once, she even camped outside a Pop Mart store for the latest drop.

Persons: —, Grace Lee, Lee, ─, Joey Khong, Khong, Bangkok . Sun Weitong, Lung, it's restocked, Tony Lee, Mart doesn't, Taobao, Erin Liam, Lisa, Juda, Kanaprach, Gen Zers, They're, Labubu, It's, Sim Pei Yi, Sim, Ana Gonzales, she's, Gonzales, Tracy Hsu, Lisa —, Hsu Organizations: Service, Getty, Business, Pop, Pop Mart, Daxue Consulting, Southeast, Insight, Singapore, Mart Locations: Asia, Bangkok . Sun, Xinhua, Hong Kong, Beijing, Singapore, Pop, Southeast Asia, Japan, South Korea, China, Philippines, New Jersey, California, Canada

☆ The 15 best things to watch this weekend, from 'Deadpool & Wolverine' to the series premiere of 'Dune: Prophecy'
▼ + stars: | 2024-11-15 | by ( Olivia Singh | Palmer Haasch | ) www.businessinsider.com time to read: +1 min

AdvertisementNew shows like "Dune: Prophecy" and "Landman" debut this week. "Twisters" and "Deadpool & Wolverine," released in theaters over the summer, are now streaming. If you want to relive the action of "Deadpool & Wolverine" — or perhaps just listen to its very good choral arrangement of Madonna's "Like a Prayer" in context — you can check it out on Disney+. The long-awaited "Dune" prequel series, "Dune: Prophecy," hits HBO and Max on Sunday. Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Persons: Glen Powell wasn't, Rebecca Ferguson, Here's Organizations: Disney, Apple, Max

☆ I was Twitter's head of content strategy. Bluesky has the edge over Threads to be the new Twitter as people leave X.
▼ + stars: | 2024-11-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

AdvertisementUsers and brands, like former CNN anchor Don Lemon and The Guardian, have been leaving X.Gordon MacMillan, ex-head of content strategy at Twitter, says Bluesky is most like the old Twitter. This as-told-to essay is based on a conversation with Gordon MacMillan, who was previously the head of content strategy at Twitter. Bluesky feels familiar to Twitter usersBluesky, I think, is the most like the old Twitter and feels more familiar than Threads, which doesn't have Twitter-style lists and can be hard to organize content on. They have tweaked Threads and made improvements, but Bluesky feels more familiar, even beyond the use of the color blue. It feels like BlueSky and Threads have a much better environment.

Persons: Don Lemon, Gordon MacMillan, Bluesky, Elon Musk, Donald Trump, Musk, X, it's, Jack Dorsey, BlueSky, Mark Zuckerberg Organizations: CNN, Guardian, Twitter, Facebook, Elon, Trump, Business Locations: Israel

☆ Cathie Wood says her 'volatile' ARK Innovation fund shouldn't be a 'huge slice of any portfolio'
▼ + stars: | 2024-11-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Cathie Wood is defending her underperforming ARK Innovation exchange traded fund following a rocky stretch. Since then, the fund has underperformed, fueling skepticism over the Ark Invest CEO's investment strategies. She called out the multiomics life sciences and health care sectors as the biggest drag on the fund. "We think we're a very good complement to the broad-based benchmarks out there, because we don't look anything like them," she said of her fund.

Persons: Cathie Wood, CNBC's, Wood Organizations: Ark Invest, CNBC, New York Stock Exchange, Innovation, Ark, Intellia Locations: New York City

☆ Woman told House Ethics Committee she saw Gaetz have sex with a minor, lawyer says
▼ + stars: | 2024-11-15 | by ( Casey Gannon | Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —The attorney who represents two women who were witnesses in the House Ethics Committee probe into former congressman Matt Gaetz said Friday that one of his clients told the panel she saw the congressman having sex with a minor. “My client testified to the House Ethics Committee that she witnessed Matt Gaetz having sex with a minor,” said attorney Joel Leppard, whose clients sat for closed-door testimony before the committee as part of the now-dropped investigation into the Florida Republican. The Justice Department deemed the files too sensitive to release even to the House Ethics Committee. And House Speaker Mike Johnson said Friday he does not think the panel’s findings should be released and that he was “going to strongly request” the committee not do so. CNN’s Hannah Rabinowitz, Evan Perez, Annie Grayer, Manu Raju and Lauren Fox contributed to this report.

Persons: Matt Gaetz, ”, Joel Leppard, ” Gaetz, Gaetz, “ Merrick, Donald Trump, Gaetz’s, Leppard, Mike Johnson, Trump, Pete Hegseth, CNN’s Hannah Rabinowitz, Evan Perez, Annie Grayer, Manu Raju, Lauren Fox Organizations: CNN, Florida Republican, ABC News, Department of Justice, Senate, DOJ, Justice Department, Democrats, Republicans, Fox News Locations: Florida

☆ Piper Sandler sees 50% upside for this renewable energy play cashing in on the AI data center power trend
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Bloom Energy may be due for massive gains on the heels of its recent supply agreement with American Electric Power , according to Piper Sandler. Analyst Kashy Harrison upgraded the stock to overweight from neutral and raised his price target by $10 to $20. BE YTD mountain BE, year-to-date On Thursday, Bloom Energy announced that it reached an agreement with AEP to power artificial intelligence data centers and supply up to 1 gigawatt of its products. The company also said that AEP has ordered 100 megawatts of fuel cells, with more orders expected next year. "Given the endorsement of BE's technology from a large utility, agreements with other large players could materialize."

Persons: Piper Sandler, Kashy Harrison, it's, Harrison, Aman Joshi Organizations: Bloom Energy, American Electric Power, BE, AEP

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

☆ A Pennsylvania County and the Political Tensions in America
▼ + stars: | 2024-11-15 | by ( Philip Montgomery | Michael Sokolove | ) www.nytimes.com time to read: +9 min

Luzerne County is one of many counties in Pennsylvania — and across the country — that shifted to the right this year. Kevin Kraynak, a Luzerne County native, traveled from his home in California to try to get out the vote. Luzerne County became a hotbed of election denialism in 2020, and Pennsylvania is an open-carry state. Just over 152,000 total ballots were cast in Luzerne County — about the same as in 2020. In only one other Pennsylvania county were Trump’s gains greater.

Persons: Biden’s, Donald Trump, Dwayne McDavitt, Trump, Joe Biden, busloads, Democratic canvassers, Kevin Kraynak, “ I’m, ”, Jennifer Ziemba, “ We’re, MAGA, Philip Montgomery, ” Ziemba, “ I’d, Lee Ann McDermott, John, ” Constance Wynn, Wilkes, Wynn’s, Kim Pace, Harris, “, Dave Ragan, ” Pace, John McDermott, Lee Ann, McDermott, Hillary Clinton, “ He’s, ” Lee Ann, Jennifer Ziemba’s, Shelley Meuser, Dan Meuser, Terry Eckert, Adaíris Casado, —, ” Fredelina Paredes, Paredes, didn’t, Elizabeth Torrez, Torrez, Wadan Fernandez, Mr, ” Fernandez, ” Philip Montgomery Organizations: Trump, Amazon, Maxx, Democratic, Luzerne County Republican Party, Republican, The New York Times, “, Electoral, Luzerne County —, The New York, U.S . Army, Army Reserve, Iglesia, Hazleton Locations: Luzerne, Pennsylvania, Luzerne County, Wilkes, Barre, Scranton, Lackawanna County, California, Fort, Harveys Lake, state’s, Plains Township, Hazleton, Dominican Republic, United States

☆ Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. Ulta slipped nearly 3% after Berkshire Hathaway revealed in a regulatory filing that it had sold around 97% of its shares, nearly dissolving its position in the beauty retailer. Berkshire had just bought the stock in the second quarter, making Ulta a relatively new bet. However, the company beat expectations on both lines in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share.

Persons: Donald Trump, Robert F, Kennedy Jr, Eli Lilly, Warren Buffett, Berkshire Hathaway, Ulta, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim, Lisa Han Organizations: Global pharma, Moderna, Pfizer, GSK, Novo Nordisk, Nasdaq, Securities and Exchange Commission, Super, New York Stock Exchange, Corp, Berkshire, Pool Corp, AST, Materials, LSEG Locations: China, Domino's, Berkshire

☆ Why Australian zoo is asking Sydney residents to catch deadly funnel-web spiders
▼ + stars: | 2024-11-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —If you saw an enormous, deadly funnel-web spider sitting on her egg sac, your first instinct might be to run away. Funnel-webs, whose most dangerous species lives in and around Sydney, are known for their deadly, fast-acting venom. The zoo is the sole supplier of funnel-web spider antivenom, which it produces by milking the spiders collected. “We want to encourage the spider with her egg sac into the jar in one movement, trying not to make her so angry that she destroys the egg sac,” Teni says in the video. Each egg sac contains about 150-200 spiderlings, making it a valuable source of antivenom.

Persons: Emma Teni, Teni, antivenom, ” Nicole Webber, Karen Wright, “, ” Organizations: CNN Locations: New South Wales, Sydney

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