GisermanGroup.com #BreakingNews
🤖’Godfather of AI’ Quits Job Warning of Dangers
🏦#Stocks⬇️ Another #Bank Seized & Sold—IS YOUR #MONEY SAFE?
💸#Sell In May & Go Away — Not So Fast
🏠 #HomeSales Hit Yearly Hi
🚨#NYPD Warns Put AirTags in #Cars To Prevent Thefts
📺 #TuckerCarlson Latest Video ‘See You Soon’
🚨Exhaustion Over #Biden-#Trump #Election Prospect
🐭Mouse Sues #DeSantis
⚕️#Oxy Maker Funds Government Advisor
🤖’Godfather of AI’ Quits Job Warning of Dangers
The Google engineer widely considered the godfather of artificial intelligence, has quit his job and is now warning of the dangers of further AI development.
Geoffrey Hinton worked at Google for more than a decade and is responsible for a 2012 tech breakthrough that serves as the foundation of current AIs like ChatGPT. He announced his resignation from Google in a statement to the New York Times, saying he now regrets his work.
"It is hard to see how you can prevent the bad actors from using it for bad things," Hinton went on to say of AI.
President Biden says it remains to be seen if artificial intelligence is dangerous, but believes technology companies must ensure their products are safe before releasing them to the public.
More than 1,000 technology leaders and researchers, including Elon Musk and Apple co-founder Steve Wozniak, have urged artificial intelligence labs to pause development of the most advanced systems, warning in an open letter that A.I. tools present “profound risks to society and humanity.”
Artificial intelligence is taking over “clerical white collar work,” says IBM CEO Arvind Krishna. Jobs like customer service, human resources, and positions within finance and health care could all see ChatBots taking them over — not years from now but in the current day, according to Krishna.
🎢Stock ⬇️ — Is YOUR MONEY SAFE?
Stocks lower as the government bails out another bank. The Dow dipped 46.46 points, or 0.14%, to end the session at 34,051.70. The S&P 500 ticked down 0.04% to close at 4,167.87. The Nasdaq fell 0.11%, ending at 12,212.60.
It comes as the FDIC seizED First Republic Bank and immediately it sold to JPMorganChase — it’s the second largest bank failure ever in the U.S.
Like Silicon Valley and Signature Banks—First Republic collapsed under the weight of loans and investments which lost billions of dollars in value as the Federal Reserve rapidly raised interest rates to fight inflation.
Over 100 banks may still be in trouble according to reports.
Sen. Elizabeth Warren (D-Mass.) emphasized that the FDIC bailout of First Republic once again puts taxpayer money on the line:
“The failure of First Republic Bank shows how deregulation has made the too-big-to-fail problem even worse. A poorly supervised bank was snapped up by an even bigger bank—ultimately taxpayers will be on the hook. Congress needs to make major reforms to fix a broken banking system,” she wrote online.
F.D.I.C. rules guarantee deposits up to $250,000 will be covered, per depositor, per bank. If you have a joint account with someone else, like a spouse, each get $250,000 in coverage, for a total of $500,000 in a single joint account.
AND here comes the Fed again signaling they could raise interest rates at their Wednesday meeting.
Exiger CEO Brandon Daniels, a GisermanGroup.com Client tells Fox Business another FED rate hike could trigger a recession:
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💸Sell In May & Go Away — Not So Fast
We’ve all heard the popular market strategy ‘Sell In May & Go Away.’ Well that’s changing.
According to the chart above stocks have rallied over the summer for the past five years, and are more likely to swoon in September. With predictions the Fed will pause interest hikes after Wednesday’s meeting all signs point to a rising market. You be the judge.
🏠Home Sales Surprise
New-home sales soared to a yearly high in March as purchases leap 9.6%. Home prices are up, even as mortgage rates jump in this all important spring-buying season.
SitusAMC’s Tim Rood, a GisermanGroup Client breaks it all down to Fox’s Neil Cavuto:
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SitusAMC’s Tim Rood, former FannieMae Executive, and a GisermanGroup client, on Yahoo Finance, FBN's Cavuto and on Scripps News says Housing is the Cinderella Story of the Year:
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⏰Montana: First State To Ban TikTok
Montana lawmakers approved a first-of-its-kind bill to ban TikTok across the state?
It sets the stage for future court battles that could determine the fate in the U.S. of the popular, Chinese-owned social media app.. The measure is expected to be signed by the Governor, and take effect next January.
The Biden administration is demanding TikTok’s Chinese owners sell their stakes in the video-sharing app or face a U.S. ban.
Matt Hayden Former Cybersecurity Czar at the Department of Homeland Security and a GisermanGroup client on Scripps News says TikTok is dangerous:
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🚨#NYPD: Put AirTags in #Cars To Prevent Thefts
Is crime really this bad in New York City?
Mayor Eric Adams and his police department have asked residents to help fight vehicle theft in the city by placing AppleAirTags in their cars.
AirTags are small, circular tracking devices that allow users to monitor the location of their belongings through the "Find My" app on their iPhones. If a vehicle is stolen with an AirTag inside, residents will be able to track their car and work with police officers to recover it.
💵US Running Out Of Cash
The Treasury warns the federal government could run short of money to pay all of its bills as soon as June 1 without a debt limit increase, adding urgency to a bitter fight between congressional Republicans and Democrats and the White House.
Treasury Secretary Janet Yellen said in a letter to Congress that the agency will be unlikely to meet all government payment obligations “as early as June 1” without action by Congress.
President Biden meets with top Congressional leaders from both parties next week trying to work it out.
📺No Severance For Tucker
Tucker’s latest video ‘See You Soon’:
https://twitter.com/TuckerCarlson/status/1651376097349578753?s=20
Fox News' ratings in the 8pm hour on Tuesday continued to plunge, with the network delivering its worst performance in the 25-54 demo since before the 9/11 terrorist attacks. In contrast Newsmax's audience surged. Eric Bolling's 8pm show delivered almost 5-times the audience of the previous Tuesday. BUT GET THIS: over 12million people have watched the above video on Twitter.
The Daily Mail published photos of Carlson emerging from his Florida home. "Retirement is great," he told the tabloid.
Fox reportedly told Carlson’s lawyers he was fired “with cause" — related to his ex-producer’s lawsuit which claimed sexism, antisemitism, and harassment, according to RadarOnline.com. The “with cause” label means the company will likely seek to avoid severance payments to Carlson.
Carlson’s last show was Friday.
The announcement came days after Fox News settled Dominion Voting Systems’ defamation lawsuit for $787.5 million.
Carlson was Fox’s top-rated prime-time host, netting an average of more than 3 million viewers per night, the most of any pundit on cable television.
Staffers are celebrating the news: “Pure joy,” one Fox reporter told Rolling Stone of their reaction to the split. “No one is untouchable. It’s a great day for America, and for the real journalists who work hard every day to deliver the news at Fox.”
“It was a good move to part ways with Tucker,” added a producer. “He knowingly spread lies throughout his time at Fox, but I fear management will replace him with someone who is just like him … so there probably won’t be any real change.”
Fox’s share price fell almost 3% on the heels of Carlson’s departure, marking the network’s worst day in a run of losses since it settled with Dominion last week.
A reminder that Carlson formerly worked at CNN and MSNBC — where does he surface next?
And get this: Carlson and Don Lemon, also out at CNN, have hired the same lawyer to get them big packages.
The prominent Hollywood lawyer, Bryan Freedman, has a track record of getting multimillion-dollar settlements for TV stars and other celebrities. He represents Chris Cuomo, the former CNN anchor who is seeking $125 million for wrongful termination after the network fired him in 2021, and secured a payout of Megyn Kelly’s full contract when she left NBC.
Pence Testifies in January 6 Probe
Former Vice President Mike Pence appeared for seven hours before a federal grand jury investigating the Jan. 6, 2021, Capitol riot.
Pence oversaw the congressional certification of President Biden’s Electoral College victory on that faithful day, a process which was halted for hours as thousands of rioters forced their way into the Capitol to try to forcibly stop the count — with some of them chanting for Pence to be hanged.
Pence took the witness stand as he considers challenging Trump for the 2024 Republican presidential nomination.
🚨Poll Finds Exhaustion Over Another Biden-Trump Election
President Biden formally announced that he would seek a second term.
In a 3 minute video he pitches himself as the Democrat best positioned to keep Donald Trump from reclaiming the White House, and needing to ‘finish the job’.
It comes as more Americans say they feel “exhaustion” over the prospect of a 2024 rematch between Biden and Donald Trump, according to a new Yahoo News/YouGov poll.
The survey of 1,530 U.S. adults, which was conducted from April 14 to 17, found that 38% chose exhaustion after being shown a list of eight feelings and asked to select all that “come to mind” when considering another Biden vs. Trump campaign.
Among registered voters, the number is even higher: 44%.
No other sentiment — not fear (29%), sadness (23%), hope (23%), anger (23%), excitement (16%), pride (8%) or gratitude (7%) — cracks the 30% mark among all Americans.
And an NBC News poll showed, most of those surveyed, by a 70%-to-26% margin, said Biden shouldn’t seek reelection, while 60% said Trump should bow out.
Overwhelmingly people feel the candidates are too old.
📺NBC CEO Fired
It’s happened again at NBC, another executive is out for sexual misconduct.
NBCUniversal CEO Jeff Shell is departing after an investigation into a complaint of inappropriate conduct, a stunning fall for an executive who pushed for sweeping changes at the media giant as it entered the streaming era. It comes after reports Comcast launched an investigation soon after the woman lodged a complaint.
The woman Shell had an affair with was identified by Deadline.com as anchor and Senior International Correspondent Hadley Gamble. The outlet said the pair started a relationship 11 years ago and continued sporadically for years.
Shell, who is married, has been with the company for a total of two decades.
Shell is the second senior executive to be forced out of NBCUniversal in recent years. In 2020, Vice Chairman Ron Meyer was fired after failing to disclose he had paid a settlement to a woman with whom he had a consensual affair several years earlier. Shell said at that time that Meyer “acted in a manner which we believe is not consistent with our company policies or values.”
In 2017, NBCUniversal fired Today-show veteran Matt Lauer, citing “inappropriate sexual behavior in the workplace.’
🐭Mouse Sues DeSantis
The Walt Disney Company has filed a lawsuit against Florida Gov. Ron DeSantis claiming the state's actions toward the company amount to a "targeted campaign" of government . It’s the latest escalation in a highly public feud between DeSantis, a potential 2024 presidential contender, and the entertainment giant that shows no signs of abating.y.
Meantime, Disney began its second, larger wave of layoffs, bringing total job cuts in recent weeks to 4,000 when the latest round is completed.
Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part of a larger reorganization of the company that will see it cut costs by $5.5 billion.
💊Abortion in Danger
The Supreme Court rules the abortion pill mifepristone would remain widely available for now, delaying the potential for an abrupt end to a drug that is used in more than half of abortions.
The order halted steps that had sought to curb the availability of mifepristone as an appeal moves forward: a ruling from a federal judge in Texas to suspend the drug from the market entirely and another from an appeals court to impose significant barriers on the pill, including blocking access by mail.
The Food and Drug Administration approved the use of mifepristone in 2000.
Meantime, Florida Governor Ron DeSantis has signed one of the nation’s toughest antiabortion bills after lawmakers have voted to prohibit abortions after six weeks of pregnancy .
🏈NFL Players Suspended For Betting
In in the NFL’s biggest crack-down since the wide-spread proliferation of legal sports betting across the U.S., 5 players, including 4 on the Detroit Lions have been suspended for violating the league’s gambling policy.
The unprecedented bans coming down at once from the NFL reflects the growing challenge the entire sports world faces as betting becomes increasingly prevalent. Like anyone else these days, professional athletes can now place legal wagers with a few taps on a cellphone. Leagues such as the NFL face the thorny task of both preventing their own personnel from engaging in the practice while also embracing the new revenue streams it offers.
Bed Bath & Bankruptcy
Throw out that stack of blue coupons.
Bed Beth & Beyond has filed for chapter 11 bankruptcy protection. The company says it expects to close all of its retail locations, eventually. Going out of business sales now underway.
Bed Bath & Beyond joins a growing list of once-iconic chains seeking court protection. Some like J.C. Penney continue to operate hundreds of stores; others like Sears and Toys ‘R’ Us closed most of their locations; while Circuit City and Linens ‘n Thin
🎵Harry Belafonte Dead
Harry Belafonte, who smashed racial barriers in the 1950s with his highly personal brand of folk music, and who went on to become a major force in the civil rights movement, died at his home on the Upper West Side of Manhattan.
Harry Belafonte was 96.
Oxy Maker Funds Government Advisor
For the past decade, the White House and Congress have relied on the National Academies of Sciences, Engineering and Medicine, a renowned advisory group, to help shape the federal response to the opioid crisis.
Now The NY Times reports the National Academies have kept quiet about one thing: their decision to accept roughly $19 million in donations from members of the Sackler family, the owners of Purdue Pharma, the maker of the drug OxyContin that is notorious for fueling the opioid epidemic.
The opioid crisis has led to hundreds of thousands of overdose deaths, spawned lawsuits and forced other institutions to publicly distance themselves from Sackler money or to acknowledge potential conflicts of interest from ties to Purdue.
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📺Trump Back on FoxNews Despite $787.5M #Election Settlement
It’s the definition of Chutzpah.
Donald Trump — whose baseless claims of election fraud costs Fox $787,500.00 has appeared on Fox News again.
Fox Corp shareholders are demanding company records to determine whether directors and executives properly oversaw Fox News' coverage of Trump's election-rigging claims. It could be a prelude to lawsuits seeking to make directors liable for costs. Reuters reports shareholders are looking for records such as board minutes, emails and texts that may contain evidence that Fox directors and executives were derelict by allowing the network to air the false claims.
A separate lawsuit from voting systems company Smartmatic similarly accuses Fox of maliciously giving Trump lawyers Sidney Powell and Rudy Giuliani a platform to air false claims about the 2020 presidential election.
But unlike Dominion, Smartmatic is suing multiple hosts and Giuliani as individuals, in addition to Fox. The company is seeking at least $2.7 billion in damages, more than three times the size of Fox’s recent $787.5 million settlement with Dominion last week. And the case will be tried in New York state court, rather than Delaware.
It may take more than a year to start or to be settled. We’re betting on the later.
💵Lowest Acceptable Wage For New Job Hits High
What’s your bottom line?
With inflation still high and the labor market still hot, the minimum salary that employees say they would take for a job—known as the reservation wage—has risen to its highest level. The new bottom line: nearly $74,000.
That's according to the Federal Reserve Bank of New York's Labor Market Survey, which explores the reservation wage and other employee expectations in the labor market. The survey asks respondents—who are employed, unemployed or out of the labor force—"Suppose someone offered you a job today in a line of work that you would consider. What is the lowest wage or salary you would accept (before taxes and other deductions) for this job?" The latest results found that, on average, respondents said it would be $73,667.
Meantime Smart Asset reports the top three most expensive cities in the U.S. were Honolulu, New York City and San Francisco. Residents need to earn more than $300,000 annually to feel like they are making $100,000.
📲iPhone: It’s a Telephone, It’s a Computer, Now It’s Apple BANK
Call it the iPhone Bank
Apple launched its savings account with a 4.15% annual yield. It requires no minimum deposit or balance and you can set up an account from the Wallet app on your iPhone.
The national average APY on savings accounts is just 0.35%, according to the Federal Deposit Insurance Corporation, so Apple’s 4.15% APY is high.
There are other high-interest accounts but many come with stipulations. CIT Bank offers a savings account with a 4.75% rate, but customers must deposit a minimum balance of $5,000. Marcus by Goldman Sachs has a 3.9% APY with no minimum balance or monthly fees. Capital One’s savings account has no minimum balance, and users can earn a 3.5% APY. Vio Bank offers a savings account with a 4.77% APY with no minimum balance.
🚨DA Sues Republicans Interfering In Trump Case
Manhattan District Attorney Alvin Bragg hitting back, filing a lawsuit against the House Judiciary Committee and its GOP chairman, Rep. Jim Jordan, alleging Republican lawmakers are illegitimately interfering with his prosecution of Donald Trump.
Trump earlier posted this threatening picture of himself holding a baseball bat — with DA Bragg’s hands up — on his Truth Social platform.
Trump said he wouldn’t drop out of the 2024 race even if convicted of a crime.“I’d never drop out, it’s not my thing,” Trump said in an interview with Fox’s Tucker Carlson. “I wouldn’t do it.”
The former President also praised the leaders of China and Russia, while criticizing President Biden.
On Biden, 80, running in '24: Trump says "I don't see how it's possible."And it's not an age thing," said Trump, 76. "I have friends that are 88, 89, 92. ... But there's something wrong. ... I don't think he can."
Meantime, Russia's "merchant of death" is offering Trump asylum in Russia, saying he believes the former president's life is in danger if he remains in the United States.
In an interview on a Russian state-TV, Viktor Bout—an international arms dealer made infamous after his portrayal by Nicolas Cage in the 2005 film "Lord of War"—told a reporter he had sent a telegram to Trump warning him of an imminent threat to his life and urging him to flee to Russia for safety.
The threat against Trump's life, Bout suggested, is not from an assassin or some unknown plot against him. Instead, he said, it comes from Trump's own government.
You Won’t Believe This Post From Trump:
This Moronic post on Trump’s ‘Truth Social’ site comes after he Plead Not Guilty To 34 Counts of falsifying business records to hide hush-money payments made to porn star Stormy Daniels weeks before the 2016 election. All together, the charges of falsifying business records - carry a maximum sentence of more than 100 years in prison, though if convicted a judge could sentence him to probation.
It also comes after the judge in the case warned him against insightful behavior.
Still addressing the media at a news conference at Mar-a-Lago, the ex-president referred to the well-respected Judge Juan Merchan as a “Trump hating judge” and invoked his daughter, alleging she was involved in a Democrat conspiracy.
“I have a Trump-hating judge with a Trump-hating wife and family whose daughter worked for Kamala Harris and now receives money from the Biden-Harris campaign,” he said.
The next court date is not until December 4th.
Trump is the first former president to face criminal charges, and as a candidate for President is seeking to milk the event for voters and campaign donations.
“Heading to Lower Manhattan, the Court-house. Seems so SURREAL — WOW, they are going to ARREST ME. Can’t believe this is happening in America. MAGA!”
-Trump said in a post on his social-media site two minutes before he entered the court building.
After returning to Mar-a-Lago – fundraising all the way – Trump spent 30 minutes Tuesday night trashing the myriad investigations he faces. Trump ranted against his unprecedented arrest and arraignment, telling supporters at Mar-a-Lago that the real “criminal” is Manhattan District Attorney Alvin Bragg. Notably absent his wife Melania.
The campaign has been using the indictment in fund-raising appeals, and said it had raised $4 million in just 24 hours, though financial records corroborating the claim will not be available for weeks.
🕕Crypto Rising
Bitcoin back around the $30,000 mark
Exiger’s Samar Pratt on FinTechTV explainsCrypto had just gained a foothold at BNY Mellon:
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💻Intel Leak Blamed on 21 Year Old
Fresh questions are being asked as to how a 21 year old National Guardsman, who lived with his mother in North Dighton, Massachusetts got clearance to access top secret military documents.
Congressional leaders with oversight of intelligence and defense say they don’t yet understand how a low-level information technician was allowed access to the classified documents and allegedly to sneak state secrets out of secured facilities. Some lawmakers also calling for military officials to be held accountable for the breach.
Among revelations coming to light as he appeared in court: the platform Discord provided information that helped lead the FBI to guardsman Jack Teixeira, and that he used his government computer to search for the word “leak” on the day last week when news media reports revealed that classified documents had been improperly disclosed.
The 21 year old guardsman was taken into custody after federal authorities said he had posted batches of sensitive intelligence to an online gaming chat group, called Thug Shaker Central.
🍀Americans Spend More On Weed Than On Beer & Chocolate Combined
U.S Legal sales of marijuana and marijuana products -- like edibles -- reached an estimated $30 billion in 2022, according to a report from MJBizDaily.
That total is more than Americans spent on chocolate and craft beer combined, -- $20 billion and $7.9 billion, respectively.
And get this — legal sales are still vastly outweighed by illicit ones – Whitney Economics estimates that legal transactions constituted just 25% of total cannabis market in 2021.
🏈You Won’t Believe How Much The Washington Commanders Are Selling For
It’s the largest amount ever paid for a US professional team.
A group led by billionaire Josh Harris has reached a deal to buy the Washington Commanders for $6 billion.
Harris, co-founder of Apollo Global Management, is leading a group of investors including NBA legend Earvin “Magic” Johnson, fellow billionaire Mitchell Rales and Blackstone executive David Blitzer.
Amazon founder Jeff Bezos has dropped out of bidding for the team.
Don’t Use CellPhone Charging Stations
The FBI has issued a new warning about ‘juice jacking’ cautioning consumers against using free cellphone public charging stations at airports, hotels, shopping malls or other such facilities. The bureau saying crooks have managed to hijack public chargers that can infect devices with malware, or software that can give hackers access to your phone, tablet or computer.
The Federal Communications Commission has also warned about juice jacking.
Consumer devices with compromised USB cables can be hijacked through software that can then siphon off usernames and passwords, the FCC warns. The commission told consumers to avoid those public stations.
To avoid becoming a victim of juice jacking, carry your own charger and plug in at a normal outlet.
🏓PickleBall TV Ratings Top MLB, NBA, NHL
‘PickleBall Slam’ slams TV Ratings.
The inaugural event featuring tennis legends John McEnroe, Andy Roddick, Andre Agassi and Michael Chang was more popular than 13 MLB matchups, seven NBA games and five NHL clashes for the week beginning March 27, according to Nielsen data.
An average of 669,000 viewers tuned in for the competition with viewership reaching a high of 796,000 fans during the hotly-contested doubles match between the stellar quartet on ESPN. What’s even more appealing for advertisers is it scored big in the coveted 18-25 demographic.
Here comes more PickleBall to your TV.
WSJ Reporter Arrested In Russia
The State Department has designated as “wrongfully detained” Evan Gershkovich, a Wall Street Journal reporter who was arrested by Russian security services last month and held on an accusation of espionage that the Journal and the U.S. government vehemently deny.
Gershkovich’s case now shifts to a State Department section—known as the Office of the Special Presidential Envoy for Hostage Affairs—which is focused on negotiating for the release of hostages and other Americans classified as wrongfully detained in foreign countries.
Over 200 Russian journalists joining President Biden, European governments and the chief of the North Atlantic Treaty Organization denouncing the arrest of Wall Street Journal reporter Evan Gershkovich and demanding his release. A senior Russian diplomat said the investigation in the reporter’s case was ongoing and declined to state when he would be permitted visits from lawyers and U.S. diplomats.
Gershkovich, 31 years old, was arrested in the Russian city of Yekaterinburg. Russian authorities have accused Gershkovich of espionage, which the Journal and the Biden administration deny. He is currently being held at a jail in Moscow run by Russia’s Federal Security Service, or FSB.
🍋CNN’s Morning Debacle
CNN’s low rated morning show was already in trouble. Its three anchors show little chemistry reflected in dropping audience numbers. Now, Don Lemon, one of the morning-show anchors has been criticized by the man who created the losing show, after his on-air comments about women and aging set-off an uproar inside the cable news channel. Lemon made no on-air mentions this morning but did send the above tweet.
Lemon upset colleagues when he asserted on the air that Nikki Haley, the 51-year-old Republican presidential candidate, “isn’t in her prime, sorry.” “A woman is considered to be in her prime in her 20s and 30s and maybe 40s,” Lemon said, to the visible dismay of his “CNN This Morning” co-anchors, Poppy Harlow and Kaitlan Collins. He refused to back down after Harlow questioned his remarks, telling her to “look it up.”
Lemon returned to the show after a memo sent by CNN’s chairman Chris Licht said Lemon “has agreed to participate in formal training” over his on-air behavior and that the network took “this situation very seriously.”
Get The Notice You Deserve in 2023
It’s a trying time for all of us.
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💊Weight Loss Wonder Drug Worth Billions
What price beauty?
An Eli Lilly drug if approved for weight loss could become the best-selling drug of all time.
Experts are confident that the drug, called tirzepatide, will be granted approval by the Food and Drug Administration sometime this year. If that’s the case, it would join two other popular — and expensive — recently approved weight loss drugs on the market, Wegovy and Saxenda, both from the drugmaker Novo Nordisk.
The drugs have been shown in clinical trials to be highly effective for weight loss. All three drugs — which are given as injections — work in a similar way: They’re a class of drugs called GLP-1 agonists, which mimic a hormone that helps reduce food intake and appetite.
Oh yea it would cost you $13,000 a year (and most insurances won’t pay)!
💻They Want Your Password
Warning-New Scams to steal your passwords.
If you've had a password hacked recently, you aren't alone. The volume of password attacks has soared to an estimated 921 attacks every second. That's a 74% rise in one year, according to the latest Microsoft Digital Defense Report.
Exiger's Robert Kolasky with more on Bloomberg & CBS:
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💰Money Does Buy Happiness
Money really does buy happiness.
The rule extends well beyond the $75,000-a-year salary threshold that had been seen as the upper limit for making an impact, according to a team of scientists that include the Nobel Prize-winning psychologist who introduced the idea of a happiness plateau more than a decade ago.
Happiness does increase steadily in line with incomes and even accelerates as pay rises beyond $100,000 a year and more — as long as the person enjoys a certain baseline level of happiness to begin with. That’s according to a study of 33,391 people living in the US, published in the Proceedings of the National Academy of Sciences journal.
The results contradict a famous 2010 paper by the psychologist Daniel Kahneman and economist Angus Deaton, which reported that happiness goes up with income until the relationship starts to “flatten” at between $60,000 and $90,000 a year.