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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/spacexs-starlink-demonstrates-its-power-but-still-needs-growth-9906c5b0
Persons: Dow Jones
Audiobook of the Week: ‘The Ghost Club’
  + stars: | 2023-08-18 | by ( Audrey Clare Farley | ) www.nytimes.com   time to read: +1 min
At the fore is Harry Price, who became chairman in 1938 after investigating paranormal activity at the Borley Rectory in Essex, which he called the “most haunted house in England.” Professing that scientific rigor could legitimize the study of the afterlife, Price debunked lore about a phantom nun on the grounds but claimed to have observed other ghostly goings-on, such as tapping on the windows and servant bells ringing after their wires had been cut. He drew both acclaim and criticism, leaving Dawson to wonder: “Who was Harry Price — a genius or a grifter? A conjurer or a con?”Dawson is less skeptical of the wider cultural appeal of spiritualism. Perhaps she’s right that war, industrialization and the Titanic’s sinking stirred metaphysical yearnings, but after listeners hear offhand mentions of club members’ commitments to colonialism and Christian Zionism — and if they have any outside knowledge of the occult origins of the Third Reich — listeners may wonder if there’s more to the story. Audrey Clare Farley is the author, most recently, of “Girls and Their Monsters: The Genain Quadruplets and the Making of Madness in America.”THE GHOST CLUB | By Kate Winkler Dawson | Read by the author | Penguin Audio | 4 hours, 1 minute
Persons: Harry Price, , Price, Dawson, Harry Price —, ” Dawson, offhand, Zionism —, Audrey Clare Farley, Kate Winkler Dawson, Read Organizations: Zionism, Reich, , Penguin Locations: Essex, England, America
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/health/healthcare/ozempic-mounjaro-no-prescription-websites-726b3928
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ozempic-mounjaro-no-prescription-websites-726b3928
Persons: Dow Jones
Deutsche Bank's emerging market carry strategy index had its best year on record in the 12 months to May. Reuters GraphicsOVERCROWDING FEARSInvestors, however, are becoming concerned the carry trade might be becoming too popular for its own good. "You have to be worried about some of these more crowded positions," said Stephen Gallo, European head of FX strategy at BMO Capital Markets. "I think that is big enough to offset any carry trade income," said Yujiro Goto, head of FX strategy for Japan at Nomura. A hypothetical $50,000 invested in a short Norwegian crown, long dollar carry trade in the first three weeks of July would have lost $3,000, according to Refinitiv.
Persons: Refinitiv, Kamakshya Trivedi, Goldman Sachs, Stephen Gallo, Gallo, James Athey, Yujiro Goto, Oliver Brennan, Brennan, Robin Winkler, Goldman's Trivedi, Geoff Yu, BNY Mellon, Harry Robertson, Alun John, Ankur, Rae Wee, Bernadette Baum Organizations: LONDON, Bank of America, FX, Deutsche, Federal Reserve, European Central Bank and Bank of Japan, BMO Capital Markets, Nomura, BNP Paribas, Bank of England, Bank of Japan, Reuters Graphics, Federal, Deutsche Bank, Swiss, Reuters, Korean, BNY, Thomson Locations: SINGAPORE, Japan, European, U.S, America, Asia, London, Singapore
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ozempic-mounjaro-gila-monster-anglerfish-8c9c1ff2
Persons: Dow Jones
Bill Hader as Barry Berkman (left) and Henry Winkler as Gene Cousineau in “Barry.” Photo: Aaron Epstein/HBOBarry Berkman is a bad person leading a terrible life. A soldier traumatized by war violence, he’s returned to the U.S. and fallen into an underworld of contract killing. Berkman’s good at it—too good, which is how he becomes the Los Angeles crime world’s preferred assassin, a job he’d like to stop but keeps doing because it’s all he truly knows.
Persons: Bill Hader, Barry Berkman, Henry Winkler, Gene Cousineau, “ Barry, , Aaron Epstein, HBO Barry Berkman, he’s, world’s Organizations: HBO Locations: , Angeles
FDA Warns About Safety of Custom-Made Ozempic
  + stars: | 2023-06-01 | by ( Liz Essley Whyte | Rolfe Winkler | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fda-warns-about-safety-of-custom-made-ozempic-32cb1357
Persons: Dow Jones
US debt ceiling: How to trade off it
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +5 min
BlackRock says (BLK.N) it's been buying Treasuries in anticipation of an economic slowdown and a protracted debt ceiling fight. 2/ RAINY DAY DEFAULT PROTECTIONCredit default swaps (CDS), which work like insurance against a debt default, are seeing strong demand. "If debt ceiling concerns grow we think markets will price in more Fed rate cut expectations, which means 5-year yields would fall," said Miyairi. 5/ ALL THAT GLITTERSDeutsche Bank strategist Robin Winkler says a good hedge may be buying gold against the dollar, as it has the tightest relationship with newsflow around the debt ceiling. In August 2011, as a debt ceiling crisis prompted a U.S. credit rating downgrade, gold rose 11% that month alone.
‘The Super Mario Bros. Movie’ had the biggest-ever global opening weekend for an animated title. Photo: Nintendo and Universal Studios/Associated Press“The Super Mario Bros. Movie” surpassed $1 billion in estimated global box office receipts on Sunday, the first movie to do so in 2023, according to research firm Comscore . Through Sunday the film has grossed $490 million domestically and $532 million internationally. Only five films have crossed the billion-dollar mark since the onset of the pandemic, according to Box Office Mojo: “Avatar: The Way of Water,” “Spider-Man: No Way Home,” “Top Gun: Maverick” and “Jurassic World: Dominion.”
Russia minted 22 new billionaires in 2022, per Forbes World's Billionaires List. There are now 105 Russian billionaires worth $474 billion collectively — up from $320 billion on-year. The fortunes of some Russian billionaires have been boosted by high commodity prices. In the US, 735 billionaires saw $200 billion wiped off their collective net worth between March 2022 and 2023, per Forbes. In China, 735 billionaires saw their net worth crash by $300 billion in the same period, per Forbes.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/former-outcome-health-executives-found-guilty-of-fraud-912f9bb0
Annick Lenoir-Peek, a lawyer from Durham, N.C., has struggled with her weight since adolescence. She has tried Atkins and keto and spent thousands of dollars over decades on weight-loss efforts and programs such as Noom, Nutrisystem and WeightWatchers. Since starting Ozempic in late November, she’s lost around 30 pounds. Her cholesterol and glucose levels have improved, and she can eat far fewer calories without feeling hungry, she said. Currently on a trip through Eastern Europe, she said she is doing more tours than she would have at a higher weight.
Trump recently announced a plan to build up to 10 new American cities on federal land. But some right-wing critics have attacked it as a "leftist plan" to create walkable "15-minute cities." Fox News left its in-house comedian, Greg Gutfeld, to handle the coverage of Freedom Cities. A conservative member of the UK parliament recently called 15-minute cities an "international socialist concept" that "would take away your personal freedoms." But Freedom Cities don't sound like 15-minute cities at all.
Silicon Valley Bank used financial sweeteners and strategic networking to attract both venture capitalists and their nascent tech companies. That strategy powered spectacular growth for decades—and left the sector extraordinarily vulnerable when the bank collapsed. SVB, founded in 1983, offered banking services to startups that often weren’t profitable, in some cases didn’t even have a product, and would otherwise have a hard time getting a line of credit or a loan from a larger bank. Venture-capital firms banked with SVB too, often encouraging their portfolio companies to do the same.
Silicon Valley Bank built up a formidable network in Silicon Valley over its 40 years in business. Startup founders and investors breathed a collective sigh of relief after the federal government agreed to backstop deposits at Silicon Valley Bank, but they said the lender’s collapse would drive changes in the industry’s financial practices. The decision, announced Sunday afternoon California time, ended a frenzied multiday race to shore up cash and meet payroll needs. The government move surprised many in the industry, which was bracing for a delay of weeks and even months before depositors would get full access to their cash.
Startup founders and investors breathed a collective sigh of relief after the federal government agreed to backstop deposits at Silicon Valley Bank, but they said the lender’s collapse would drive changes in the industry’s financial practices. The decision, announced Sunday afternoon California time, ended a multiday race to shore up cash and meet payroll needs. The government move surprised many in the industry, which was bracing for a delay of weeks and even months before depositors would get full access to their cash.
President Biden Addresses Turmoil in the U.S. Banking System
  + stars: | 2023-03-13 | by ( ) www.wsj.com   time to read: 1 min
What Does the Silicon Valley Bank Failure Mean? Silicon Valley Bank collapsed on Friday, becoming the largest bank to fail since the 2008 financial crisis. On Sunday, regulators took control of Signature Bank and rolled out emergency measures to prevent a banking crisis and guarantee depositors access to their money. Join the Journal’s Banking Editor Marie Beaudette for a conversation with former FDIC Chair Sheila Bair, followed by a roundtable with Wall Street and Financial Industry Bureau Chief Dana Cimilluca and reporter Rolfe Winkler about the bank failures, subsequent regulatory action and what this all means for the tech sector and overall health of the U.S. economy.
“Everything Everywhere All at Once” Wins Big at the Oscars
  + stars: | 2023-03-13 | by ( ) www.wsj.com   time to read: 1 min
What Does the Silicon Valley Bank Failure Mean? Silicon Valley Bank collapsed on Friday, becoming the largest bank to fail since the 2008 financial crisis. On Sunday, regulators took control of Signature Bank and rolled out emergency measures to prevent a banking crisis and guarantee depositors access to their money. Join the Journal’s Banking Editor Marie Beaudette for a conversation with former FDIC Chair Sheila Bair, followed by a roundtable with Wall Street and Financial Industry Bureau Chief Dana Cimilluca and reporter Rolfe Winkler about the bank failures, subsequent regulatory action and what this all means for the tech sector and overall health of the U.S. economy.
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank , long a linchpin of tech financing, were locked up when federal authorities took control Friday morning. The bank’s sudden collapse fueled uncertainty among many founders over the immediate future of their businesses, and further hobbled a startup sector that has struggled with a sharp slowdown in venture funding and broader economic woes. Its demise will likely further accelerate the shift away from the high-risk and aggressive growth strategies that startups embraced during the decades-plus bull market that ended last year, according to longtime startup investors.
In eight months, a startup called NextMed has emerged as a growing service among many trying to capitalize on the craze for drugs such as Ozempic, Wegovy and Mounjaro that are often prescribed for weight loss. Run by a founder who graduated from college 14 months ago, the service has web traffic that has surpassed companies like Calibrate Health Inc. and Found Health Inc. that have advertised weight-loss prescriptions for longer. NextMed, whose corporate parent is Helio Logistics Inc., operates with far fewer employees than competitors. Calibrate has hundreds of employees, and Found has around 200.
The ban on first-time online prescriptions for drugs such as Adderall was influenced by improper prescribing during the pandemic, the DEA said. The Biden administration proposed tighter rules for the online prescription of drugs including Adderall and buprenorphine, shrinking the scope of telehealth services that expanded dramatically during the pandemic. The Drug Enforcement Administration on Friday said the telehealth restrictions would take effect after the Covid-19 public-health emergency ends on May 11. The proposed changes affect prescriptions for drugs classified as controlled substances because of their potential for abuse.
An Austrian official said that Austrian authorities were monitoring the situation at Raiffeisen and its business in Russia closely because of the bank's importance. Almost a year since Moscow launched what it calls a "special military operation" in Ukraine, Raiffeisen is among a handful of European banks that remain in Russia. Raiffeisen made a net profit of roughly 3.8 billion euros last year, thanks in large part to a 2 billion euro plus profit from its Russia business. Alternatively, OFAC can also resort to less stringent measures such as levying fines and sending warning letters over sanctions violations. OFAC has sanctioned five major Russian banks, including state-backed Sberbank (SBER.MM) part of a response to that country's invasion of Ukraine, as well as wealthy oligarchs.
In an Instagram ad for online weight-loss service NextMed, a young woman holds the skin on her stomach and complains about her “little tummy pouch.” In an ad for a similar service—launched by Instacart’s former chief executive—a model wears a yellow bikini and weighs 102 pounds, according to a modeling-agency profile. Digital health startups are racing to cash in on booming demand for diabetes drugs that are effective for weight loss, but some of the companies are advertising and prescribing the drugs to people who aren’t overweight.
Top movie nominee "Everything Everywhere All at Once" won big at the 28th Critics Choice Awards on Sunday night in Los Angeles, taking home honors for Best Picture as well as directing, screenplay, editing and best supporting actor. The top TV series awards went to "Better Call Saul" for Best Drama and "Abbott Elementary," for Best Comedy. Special awards were presented to Janelle Monáe, who received the #SeeHer award, and Jeff Bridges was honored with the Lifetime Achievement Award. Read the full winners list below. Best Picture“Everything Everywhere All at Once”Best ActressCate Blanchett — “Tár”Best ActorBrendan Fraser — “The Whale”Best DirectorDaniel Kwan and Daniel Scheinert — “Everything Everywhere All at Once”Best Limited Series“The Dropout”Best Drama Series“Better Call Saul”Best Young Actor/ActressGabriel LaBelle — “The Fabelmans”Best Comedy“Glass Onion: A Knives Out Mystery”Best Acting Ensemble“Glass Onion: A Knives Out Mystery” (“Last Week Tonight with John Oliver”Best Comedy Special“Norm Macdonald: Nothing Special”Best Foreign Language Series“Pachinko”Best Animated Series“Harley Quinn”Best Movie Made for Television“Weird: The Al Yankovic Story”Best Actress in a Drama SeriesZendaya — “Euphoria”Best Actor in a Drama SeriesBob Odenkirk — “Better Call Saul”Best Hair and Makeup“Elvis”Best Visual Effects“Avatar: The Way of Water”Best EditingPaul Rogers — “Everything Everywhere All at Once”Best Production DesignFlorencia Martin, Anthony Carlino —Best CinematographyClaudio Miranda — “Top Gun: Maverick”Best Comedy Series“Abbott Elementary”Best Actress in a Comedy SeriesJean Smart — “Hacks”Best Actor in a Comedy SeriesJeremy Allen White — “The Bear”#SeeHer AwardJanelle MonáeLifetime Achievement AwardJeff BridgesBest Animated Feature“Guillermo del Toro’s Pinocchio”Best Actor in a Limited Series or Movie Made for TelevisionDaniel Radcliffe — “Weird: The Al Yankovic Story”Best Costume DesignRuth E. Carter — “Black Panther: Wakanda Forever”Best Song“Naatu Naatu” — “RRR”Best ScoreHildur Guðnadóttir — “Tár”Best Original ScreenplayDaniel Kwan, Daniel Scheinert — “Everything Everywhere All at Once”Best Adapted ScreenplaySarah Polley — “Women Talking”Best Supporting ActressAngela Bassett — “Black Panther: Wakanda Forever”Best Supporting ActorKe Huy Quan — “Everything Everywhere All at Once”Best Supporting Actor in a Comedy SeriesHenry Winkler — “Barry”Best Supporting Actress in a Comedy SeriesSheryl Lee Ralph — “Abbott Elementary”Best Supporting Actor in a Limited Series or Movie Made for TelevisionPaul Walter Hauser — “Black Bird”Best Supporting Actress in a Limited Series or Movie Made for TelevisionNiecy Nash-Betts — “Dahmer — Monster: The Jeffrey Dahmer Story”Best Supporting Actor in a Drama SeriesGiancarlo Esposito — “Better Call Saul”Best Supporting Actress in a Drama SeriesJennifer Coolidge — “The White Lotus”Best Foreign Language Film“RRR”Best Actress in a Limited Series or Movie Made For TelevisionAmanda Seyfried — The Dropout
Total: 25