2024 - Page 153 of 158 - Author feast

Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry

10

Jan

Technology

Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry

Federal regulators on Wednesday approved a new financial product that tracks the price of Bitcoin, a landmark moment for the cryptocurrency industry that proponents hope will increase investment in the technology.The Securities and Exchange Commission authorized 11 applications by financial firms to offer what are known as exchange-traded funds tied to Bitcoin, a potentially simpler way for people to invest in digital assets on traditional platforms like the Nasdaq. Some of the largest financial companies in the world, including the asset managers BlackRock and Fidelity, were approved to offer the products, known as E.T.F.s, which could begin trading as soon…

Democrats Question Semiconductor Program’s Ties to Wall St.

10

Jan

By William Lee

Business

Democrats Question Semiconductor Program’s Ties to Wall St.

Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions about the creation and abuse of a revolving door between government and industry.In a letter to the Commerce Department, Senator Elizabeth Warren of Massachusetts and Representative Pramila Jayapal of Washington criticized the department’s decision to staff a new office overseeing grants to the chip industry with former employees of Blackstone, Goldman Sachs, KKR and McKinsey & Company.The lawmakers said the staffing decisions risked an outcome where staff members could favor…

Quebec Still Longs for Its Lost Hockey Team, a Nationalist Symbol

09

Jan

By William Lee

New miscellaneous

Quebec Still Longs for Its Lost Hockey Team, a Nationalist Symbol

When the Nordiques left Quebec nearly 30 years ago, the hockey team’s departure fueled the kind of mythologizing and nostalgia familiar to fans of the Brooklyn Dodgers.The Nordiques’ stint in Quebec, playing there in the N.H.L. from 1979 to 1995, overlapped with the French-speaking province’s two failed attempts to secede from the rest of Canada, and the team’s identity melded with that of their fans: a linguistic minority struggling to assert itself in a part of the world dominated by English speakers.The Nordiques wore their politics on their sleeves, literally, putting the Quebec flag’s fleur-de-lis on their uniforms. They also…

Paxlovid Cuts Covid Death Risk. But Those Who Need It Are Not Taking It.

09

Jan

By William Lee

Health

Paxlovid Cuts Covid Death Risk. But Those Who Need It Are Not Taking It.

As Covid rises again, killing about 1,500 Americans each week, medical researchers are trying to understand why so few people are taking Paxlovid, a medicine that is stunningly effective in preventing severe illness and death from the disease.A study of a million high-risk people with Covid found that only about 15 percent who were eligible for the drug took it. If instead half of the eligible patients in the United States had gotten Paxlovid during the time period of the research, 48,000 deaths could have been prevented, the authors of the study, conducted by the National Institutes of Health, concluded.It’s…

Michigan stymies Michael Penix Jr., Washington to claim first national championship since 1997 season

09

Jan

By William Lee

Sports

Michigan stymies Michael Penix Jr., Washington to claim first national championship since 1997 season

By Lauren Merola, Max Olson, Austin Meek, Jim Trotter and Nicole AuerbachIt’s been 26 years, but finally, no one has it better than Michigan.The Wolverines, who ranked second in passing yards allowed per game with 150.0 heading into title town, faced their toughest task yet in taming the flamethrower that is Washington quarterback Michael Penix Jr. Michigan answered the bell, subduing Penix to 255 yards and one touchdown — the only Washington TD on the night — against two interceptions on 27-of-51 passing, a vast divergence from the usual performance of the nation’s leader in passing yards per game (332.0)…

OpenAI Says New York Times Lawsuit Against It Is ‘Without Merit’

09

Jan

By William Lee

Technology

OpenAI Says New York Times Lawsuit Against It Is ‘Without Merit’

OpenAI said on Monday that a New York Times lawsuit against it was “without merit” and that it supported and created opportunities for news organizations, as it waded further into a debate over the unauthorized use of published work to train artificial intelligence technologies.The Times sued OpenAI and Microsoft on Dec. 27, accusing the companies of infringing on its copyrights by using millions of its articles to train A.I. technologies like the ChatGPT chatbot. Chatbots now compete with The Times as a source of reliable information, the lawsuit said.In a 1,000-word blog post on Monday, OpenAI said it collaborated with…