Anna's Daybreak News

_{Just facts, you think for yourself}

Tuesday, 5:18 AM

December 3, 2024

Good morning news friend! Stay engaged with the stories redefining today, as the world continues to transform. 📰🌟

Trump’s BRICS Tariff Ultimatum

President-elect Donald Trump threatened a 100% tariff on BRICS nations if they attempt to replace the US dollar. The BRICS group includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE, representing 45% of the world’s population.

Trump warned these countries must commit to not creating a rival currency or face severe consequences. BRICS nations are discussing how to reduce reliance on the US dollar.

In his tariff plan, Trump proposed a 10% to 20% tariff on $3 trillion of imports, with a 60% rate for Chinese products. Goldman Sachs estimates an inflation rise of 1.2% in 2025 due to tariffs.

The US imports coffee from Brazil, electronics from China, and minerals from South Africa. Russian President Putin accused the US of weaponizing the dollar.

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Musk's $56 Billion Pay Package Rejected Again

A Delaware judge denied Elon Musk's $56 billion pay package from Tesla for the second time. This follows a January ruling deeming the pay package excessive.

Despite a shareholder vote in June favoring the pay package, Judge Kathaleen McCormick stated that the Tesla board could not simply reset the decision.

Musk argued that judges should not override shareholder votes. The pay package's value surged to approximately $101 billion following a 42% rise in Tesla’s share value since November 5.

Additionally, Tesla must pay $345 million in attorney fees to the plaintiffs. This is the largest fee award in securities litigation history. Tesla plans to appeal to the Delaware Supreme Court.

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France on the Brink of Collapse

The French government, led by Prime Minister Michel Barnier, faces imminent collapse. Both right-wing and left-wing parties submitted no-confidence motions. The vote is set for Wednesday.

Barnier’s coalition has relied on right-wing support since he took office in September. However, tensions escalated after Barnier attempted to push through a budget bill without a parliamentary vote.

The proposed budget includes €60 billion ($63 billion) in tax hikes and spending cuts aimed at addressing France's rising public deficit.

If the motions succeed, Barnier could resign, but President Emmanuel Macron may keep him in a caretaker role until a new prime minister is appointed. The deadline for passing the budget is December 20.

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Navy’s TRAM System

The US Navy seeks to enhance its missile reloading capabilities with a new system called the Transferrable Reload At-sea Method (TRAM). This approach aims to reduce missile reloading time from weeks to potentially just days.

Currently, a US destroyer can launch numerous cruise missiles, but it may take up to two months to reload in port. The Navy emphasized the necessity of rearming at sea, particularly in conflict zones like the Pacific, which may be 5,000 miles from a safe base.

Unlike the existing methods, which rely on solid ground or sheltered harbors, TRAM leverages enhanced crane systems to address the challenges of ocean dynamics.

The number of operational warships capable of sustained combat could increase from the current 11 to approximately 100 through the implementation of TRAM.

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AI's Role in Drug Discovery

Insitro, a San Francisco-based company, partners with pharmaceutical giants like Eli Lilly and Bristol Myers Squibb. They focus on developing treatments for metabolic diseases, neurological disorders, and degenerative conditions.

Insitro employs machine learning to interpret vast biological and chemical datasets, potentially accelerating drug discovery. CEO Daphne Koller highlights the need to understand heterogeneous diseases better.

Traditional research teams may overlook subtle biological distinctions due to inherent human limitations. In contrast, Insitro combines computer science and medical expertise, fostering collaboration between technologists and life scientists.

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US vs China’s Semiconductor Industry

The Biden administration announced strict export controls targeting China’s semiconductor sector. New rules restrict shipments to 140 companies.

The US Department of Commerce added these firms to an Entity List, complicating their access to critical technologies. Additionally, the updated foreign direct product rule allows the US to control exports from allied countries.

The regulations affect 24 types of semiconductor manufacturing equipment and three software tools essential for developing advanced chips.

High-bandwidth memory (HBM) chips, crucial for AI applications, are also restricted. This impacts companies like Samsung, which relies on China for 30% of its HBM sales.

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“You know you have influence when people start noticing your absence more than the presence of others.”

Baked with love,

Anna Eisenberg ❤️