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Biden follows a long line of Western leaders who voluntarily surrendered power at the end of a ‘heroic journey,’ says the author of The Hero’s Farewell
The end of a hero's journey is never simple, writes Jeffrey Sonnenfeld. more
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An obesity pill study tested on just 25 patients led to a stunning $16.8 billion increase in Swiss drugmaker Roche’s market value
Positive results in the earliest stages of development have driven about $93 billion in market value gains this year for obesity-drug makers. more
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‘The system is not working for women’: Companies with return-to-office mandates are hemorrhaging female talent
Some things a woman in the White House can’t fix. more
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CrowdStrike CSO blasts own failure as stock plummets: ‘The confidence we built in drips over the years was lost in buckets within hours, and it was a gut punch’
One broker tried to rush out a note recommending investors buy the dip, only to find out his bank's computers were CrowdStriked, too. more
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Bitcoin Investors Hold Strong as BlackRock's IBIT Pulls in $526 Million
BlackRock's iShares Bitcoin Trust reported inflows of $526.7 million in investor funds on July 22, the highest single-day tally since March.  more
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Mitsubishi’s planned $1.3 billion chemical plant in Louisiana doesn’t work economically or environmentally, energy group says
The proposed Mitsubishi plant is “the wrong project, at the wrong place and time, with the wrong financial scenario,” said the Institute of Energy Economics and Financial Analysis, an Ohio-based … more
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India sees AI as biggest disruptor to future of work
The Economic Survey revealed that the BPO sector, where generative AI is revolutionizing the performance of routine cognitive tasks, is estimated to decline considerably in the next ten years. … more
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BlackRock's Spot Bitcoin ETF Records $526 Million in Inflows
BlackRock's spot Bitcoin ETF saw a massive $526 million inflow on Monday, marking the largest single day gain for the fund since March. more
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Nigeria begins implementation of national blockchain policy
The chairman of the steering committee revealed that the implementation had officially started, with NITDA spearheading the initiative on the government’s side. [...] Read More... The post … more
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Delta still hasn’t totally recovered from the CrowdStrike outage—and Pete Buttigieg wants to know why
Transportation Secretary Pete Buttigieg spoke to Delta CEO Ed Bastian about the airline’s high number of cancellations. more
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Philippine SONA 2024: Ferdinand Marcos Jr. says country embraces AI, digitalization
President Ferdinand Marcos Jr. highlighted some initiatives and legislative measures that have paved the way for investments and job creation, transforming the Philippines into a burgeoning digital … more
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Philippines’ poll watchdog opposes AI ban, advocates for ethical guidelines
Instead of imposing an AI ban, the Philippines election watchdog is advocating for ethical guidelines to ensure AI's responsible use while safeguarding electoral integrity. [...] Read … more
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This millennial entrepreneur lost over £74k on Alibaba Stock, before tapping into his generation’s love for avocados and influencers—now he’s a self-made multimillionaire 
Timothy Armoo says an avocado business and lithium mine have been his best investments. more
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Last week in AI: Meta suspends AI tools in Brazil; Japanese companies embracing AI; Nvidia, Amazon, OpenAI forms coalition
Last week's news about AI saw Meta's suspension of AI tools in Brazil, Japanese companies' stance on AI, Meta not launching LLama model in EU, and the formation of the Coalition for Secure AI. … more
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A glimpse into Block Dojo Philippines’ second bootcamp
Block Dojo Philippines’ second bootcamp has jumpstarted the nine startups of cohort 2 to explore blockchain technology and how they can utilize it. [...] Read More... The post A glimpse into … more
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Elon Musk is backing Trump, but Democrats won’t quit X
“X is where history happens,” posted CEO Linda Yaccarino on Sunday with a screenshot of President Biden's announcement. more
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Kamala Harris raised $1.5 million on a Zoom call after 44,000 Black women rallied support
Reverend Bernice King, daughter of civil-rights leader Martin Luther King Jr. and CEO of The King Center, said she had never endorsed a candidate publicly, until now.  more
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Crowdstrike CEO called to testify before Congress on software update fiasco
Shares of the Texas-based cybersecurity company have dropped more than 20% since the meltdown, knocking off billions of dollars in market value. more
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Kamala Harris went toe-to-toe with Jamie Dimon over a settlement for California homeowners. The big banks offered $4 billion—they settled at $20 billion
Harris took a big risk walking away from a national settlement in the aftermath of the Great Financial Crisis, and it could make the case for how she’ll deal with the corporate world if she’s … more
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Bitcoin Firm Swan Announces Layoffs, Nixes IPO Plans
The financial services company also says its “unlikely to continue” with Bitcoin mining, but has not elaborated on why it’s cutting back. more
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Hive Digital Eyes Paraguay As Next Bitcoin Mining Hub
Top Canadian mining firm Hive has plans to open a green Bitcoin mining operation in the South American country. more
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Ethereum ETFs Clear Final Hurdle to Begin Trading Tomorrow
The SEC has given final approvals to spot Ethereum ETFs, clearing the way for them to begin trading as soon as Tuesday. more
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Swan Bitcoin delays IPO plan, announces shutdown of mining unit
The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts. more
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LinkedIn rolls out puzzles in a bid to become a daily digital pit stop
The company said users interact with 1.5 million pieces of content on the site every minute. more
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Boost for London and Amsterdam as French billionaire Vincent Bolloré prepares to split up his media giant Vivendi with listings across Europe
Bolloré has decided to split up his sprawling media giant Vivendi in order to unlock more value from its subsidiary businesses. more
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