🗞️ Harris, Biden, Trump on same page

September 03, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: X, VPN bans in Brazil upheld by top judges Harris aligns with Biden, Trump on blocking US Steel sale xAI completes 100K H100 GPU Colossus cluster in 122 days Stock allocation in U.S. households reach record 42.2% Housing prices dissatisfaction hits record 50% high across OECD Follow us on X | Instagram | Advertise 0. Data and calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. 1. X, VPN bans in Brazil upheld by top judges 5 judges on Brazil's top court panel voted to favor Moraes' X ban. Saturday: X went dark in Brazil following its ban. 20M+ users on X affected due to the ban imposed by Alexandre de Moraes. $10K fine/day for anyone accessing X using VPNs. Brazil's president defended the Supreme Court's decision. "Uninvestable market": what Bill Ackman said Brazil was becoming after the X ban. Starlink refrained from X block compliance until its assets are released. 2. Make Decisions Based on Accurate and Real-Time Financial Data with Sage* Sage Intacct. Automation and integration that scales processes and delivers insights. From sale to billing and revenue recognition to general ledger and forecasting, get one system of record. Learn more. *Sponsored. 3. Harris aligns with Biden, Trump on blocking US Steel sale, in line with U.S.'s anti-M&A posture US Steel market cap +26% over the last year, reaching $8.53B: CompaniesMarketCap "US Steel should remain American-owned, and American-operated," Harris said. $14.1B deal by Japan's Nippon Steel is in political maelstrom. In terms of output, US Steel has lagged behind global steel makers Bloomberg, World Steel Association. 4. xAI completes 100K H100 GPU Colossus cluster in 122 days, Elon says X: Elon Musk. "Most powerful AI training system," Elon referred to the supercomputer project. 200K size (50k H200s) "in a few months." In May, Musk announced its supercomputer plans. 5. U.S. household allocation to stocks reach record 42.2% WSJ. 497K accounts with $1M+ on Fidelity, +31 YoY. 6. Subscribe to the free Quartz Daily Brief for:* Quartz Daily Brief. Insight on the economic trends and policies influencing our global economy. Updates on the latest innovations from companies like Tesla, Microsoft and Nvidia. Analysis on the high-stakes decisions from all markets. Subscribe for free! *Sponsored. 7. Dissatisfaction with housing prices hits record 50% high across OECD nations FT, Gallup Analytics. U.S. house prices soaring despite rising interest rates. Housing in Europe remained more expensive than before COVID. Rental prices in OECD nations surged since the pandemic, despite higher rates FT, OECD. 8. Global TV shipments +3% to 56M in Q2 after 4 consecutive quarters of decline Counterpoint Research. Samsung maintained its leadership but with a reduced share of 15%. 13% growth in Europe boosts global shipments. +29% in the overall 80-inch category. Samsung led the premium market segment, followed by LG Counterpoint Research. 9. Interesting videos, posts, and memes 5 $1M+ startup ideas you can launch tomorrow with $0 The Road to Singularity: Ben Goertzel on AGI and The Fate of Humanity In conversation with Reid Hoffman & Robert F. Kennedy Jr. #62: Telegram, Free Speech and Its Limits 10. Other headlines AI OpenAI in talks with investors about restructuring itself. Huawei's buggy Ascend chips hamper China's efforts to replace Nvidia in AI. Amazon hires Covariant founders in latest acquihire. Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.* monday.com connects and empowers teams to excel in every aspect of work. Get started now!* Oracle NetSuite: CFO of Tomorrow: Your AI Guide.* *Sponsored. Tech M4 Macs likely coming in Nov. Tesla Model Y with six seats slated to go on production in China in 2025. ByteDance tapping banks for $9.5B loan, largest USD loan in Asia ex-Japan. Tesla China shipments +3% in August on trade-in subsidy boost. Sidebar is a personal board of advisors for the next generation of leaders. Join now! * Pipedrive helps you drive more deals from day one.* Sage Intacct: helps organizations automate mundane accounting activities so you can focus on guiding your organization's growth.* Mercury solves the puzzle of startup finances.* *Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. Tech & law HP to continue to seek $4B in damages after Lynch's death. Texas law on filtering content for kids partially blocked by a federal judge. Elon to hand Italy's Meloni global citizenship award on Sep 23. Biotech Ozempic and Wegovy-like drugs may slow aging: cardiologist Krumholz. Altos Labs launches AI, computational biology institute. Investors representing over $13T urge to cut antibiotics usage in food chain. Business Office real estate market worries Fed, Washington. Cathay Pacific cancels flights as it inspects 48 Airbus jets on engine issues. Volkswagen considers closing German factories in cost-cutting drive. Crypto SEC may seek changes in FTX's bankruptcy plan, opposing stablecoins. WazirX customers unlikely to be made whole: legal advisers. WazirX hacker starts transferring $230M through Tornado Cash. Customized S-1 form should be created by SEC: Commissioner Uyeda. Binance exec held in Nigeria denied wheelchair in prison. OKX hires former Grab exec as Singapore CEO. Pump.fun surpasses $100M in cumulative revenue since Jan. launch. tea Protocol: click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.* *Sponsored. U.S. politics Harris-Biden court union vote in Labor Day blitz. Trump says he had "every right" to interfere in 2020 election. LobbyMatic, AI lobbying firm, covertly run by convicted fraudsters. World Russia says it's close to changing nuclear weapons policy. Venezuelan judge issues arrest warrant for opposition's presidential candidate. Maduro's plane seized by U.S. in Dominican Republic. Venezuelan sanctions planned by Treasury, State Dept. over disputed vote. Putin to meet top Mongolian leaders despite ICC arrest warrant. Netanyahu: if we leave Philadelphi, Hamas will to be able to rearm, revive. Taiwan accusing China of "poaching" talent from tech firms. UK suspends some arm exports to Israel. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. 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