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Top stories today: - RFK Jr. appointed to lead HHS, with 77% chance to be confirmed
- SEC, Chair Gary Gensler sued by 18 states over crypto crackdown
- ChatGPT gains ability to read code from developer-focused apps
- Meta slapped with €798M fine over antitrust Marketplace practices
- Google releases Gemini AI app for iPhone users
- Obesity prevalent in 74% of U.S. adults
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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). |
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 | All times are ET. |
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Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): |
| Bay Area Times Daily - Nov. 15, 2024 ► Play Online |
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1. RFK Jr. appointed to lead Health and Human Services, 77% chance to be confirmed |
According to Manifold Markets, which is a play money prediction market, but still has great accuracy: |
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| | | | Beyond lessons: Enjoy stories, live lessons, and a phrasebook, all designed to bring language learning to life. Fits any schedule: Lessons as short as five minutes make it easy to learn anytime, anywhere.
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3. SEC, Chair Gary Gensler sued by 18 states over Biden's crypto crackdown |
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Republican-led states and DeFi Education Fund alleged constitutional violations in regulating digital assets. The Kentucky-led lawsuit sought to freeze the SEC's ability to sue crypto companies. "SEC's sweeping assertion of regulatory jurisdiction is untenable," the lawsuit stated.
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4. ChatGPT gains ability to read code from developer-focused apps |
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ChatGPT for macOS can now access code in VS Code, Xcode, TextEdit, Terminal, and iTerm2. Now: ChatGPT Plus and Teams users can try the update in beta. Coming weeks: enterprise and Edu accounts will get the feature. Support for other app types, including writing tools, will be added later.
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Relatedly, OpenAI has made ChatGPT's desktop app available to all Windows 10 and 11 users |
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5. Meta slapped with €798M fine by EU over antitrust Marketplace practices |
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"Imposed unfair trading conditions" on other online classified ads service providers, EU's competition chief said. Meta said it would appeal against the fine. The new Trump admin could fight back against the EU's repeated fines against American companies.
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6. Google releases Gemini AI app for iPhone users |
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Supports text, voice, and camera inputs for AI responses. Includes Gemini Live conversational chat mode. Sep.: Android users received Gemini Live support. Gemini AI cannot access non-Google apps on the iPhone.
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7. Obesity prevalent in 74% of U.S. adults |
Poorer states and males have the highest prevalence: |
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8. Quantum computing startup funding nearly 2x to $1.5B in 2024 YTD |
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50 deals have been closed so far, compared to 67 in 2023. $785M was invested in total last year. Rising AI demand has driven quantum computing investments.
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9. Elon Musk's X rival Bluesky says 1M+ users signed up in the past 24 hours |
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Bluesky is now the top free app on the U.S. App Store, followed by ChatGPT and Threads. X's earlier Brazil ban and the U.S. election outcome fueled Bluesky's user growth.
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Similarly, Meta's Threads, another X rival, has also seen 15M+ sign-ups in Nov. |
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Threads has maintained 1M sign-ups per day for the past 3 months, according to Instagram head Adam Mosseri. X still leads overwhelmingly in MAUs: 570M for X, 275M for Threads, and 9M for Bluesky.
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10. PE food-beverage deals mark Q3 as the biggest quarter since 2017 |
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149 food-beverage consumer packaged goods deals are estimated in Q3, vs. 138 in Q2. 102 deals have already been closed in Q3.
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11. Interesting videos, posts, and memes |
 | Why The Next AI Breakthroughs Will Be In Reasoning, Not Scaling |
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 | Health Benefits 2.0: Tailored to a Mobile Workforce |
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 | TWiST News! Polymarket Conspiracy, YC's Request to Startups, Global Solar Power |
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12. Other headlines |
AI |
Anthropic, feds test whether AI will share sensitive nuclear info. Lobbying group urging Trump admin to soften AI regulations. Pony AI, Chinese self-driving startup, seeks up to $4.5B valuation in U.S. IPO.
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Tech |
Lenovo Q2 revenue +24% YoY to $17.9B, net income +44% to $359M. Samsung plans $7.2B buyback to boost shareholder value. Amazon One Medical adds low-cost plans for hair loss, skin care.
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Tech & law |
Elon's amended suit against OpenAI names Microsoft as defendant. X sues to block CA's Deepfake Deception Act. $6.6B CHIPS Act grant to TSMC finalized by Biden admin before Trump returns. Google to halt political ads in EU by 2025 over transparency rules. Amazon questioned by Congress over growing TikTok relationship: sources.
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Biotech |
OneSkin raises $20M Series A for skin aging. Evolutionary theories of aging: review. FDA clears Omron blood pressure cuff with afib detection.
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Business |
China's retail sales +4.8% YoY, industrial production +5.3% in Oct. Trump's transition team aims to kill $7.5K EV tax credit: sources. Powell says no need for Fed to rush rate cuts given strong economy.
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Crypto |
5-year sentence given to Bitfinex money launderer. Tether launches platform to simplify asset tokenization for businesses, nations.
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U.S. politics |
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World |
Israel, Greece negotiating on €2B deal for Iron Dome-like system. Israel expands operation in Lebanon. China urges U.S. not to allow "transit" of Taiwan regional leader Lai.
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