Mindblown: a blog about philosophy.
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Pfizer Struggles to Recover as Covid Demand Plummets and Stock Drops
Pfizer’s Revenue Challenges Pfizer, the pharmaceutical giant, has recently experienced significant setbacks in its revenue due to the decline in its Covid business. The company had to reverse approximately $3.5 billion in revenue, which was expected from the return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government. This reversal has […]
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Apple’s Vision Pro: A Revolutionary Device Raises Concerns About Privacy
Risks and Unanswered Questions While Apple has taken initial steps to restrict certain data collected by the Vision Pro, such as eye-tracking, there are new risks that remain unaddressed. The potential replacement of smartphones with immersive technologies like virtual and augmented reality calls for robust privacy legislation as we navigate this uncharted territory. This concern […]
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Ethereum’s Vitalik Buterin Explores AI’s Role in Decentralized Applications
The Potential of AI in Different Roles Ethereum co-founder Vitalik Buterin recently delved into the possibilities of incorporating artificial intelligence (AI) in various aspects of cryptocurrency. In a thought-provoking blog post published on Tuesday, Buterin examined how AI could function as an actor, an interface, the rules themselves, and even serve as an end objective. […]
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Mark Cuban Reiterates Dallas Mavericks’ Support for Dogecoin and Shares Crypto Insights
Cuban Stresses Ongoing Support for Dogecoin In a recent interactive session on the social media platform X, billionaire entrepreneur Mark Cuban and former principal owner of the Dallas Mavericks reiterated the NBA team’s unwavering support for Dogecoin. During the Ask Me Anything (AMA) event, Cuban clarified the Mavericks’ position on the meme-based cryptocurrency. He emphasized […]
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Fed’s Dilemma: Inflation Slows, Rate Cut Looms, but Long-Term Outlook Uncertain
The Long View The Federal Reserve is scheduled to meet later this week and is expected to keep interest rates steady at between 5.25% and 5.5%, where they have remained since July. In addition to assessing current economic conditions, officials need to evaluate inflation, which ended 2023 in better shape than initially projected. The original […]
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General Motors’ Profit Hit by Unsold EVs and Strike, Uncertainty Looms
Challenges Faced by General Motors During a conference call, G.M.’s Chief Financial Officer, Paul Jacobson, expressed concerns over the slowdown and the resulting uncertainty. The company booked a charge of $1.6 billion for unsold electric vehicles. Additionally, the strike by the United Automobile Workers union cost G.M. $1.1 billion, while an $800 million settlement with […]
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Wall St. Booms as Treasury Borrowing Falls, Fed Decision Looms
Fed Meeting and Investment Optimism The Federal Reserve will begin its two-day policy meeting later, with market participants anticipating signals of future interest rate cuts. Traders are currently predicting a quarter-point cut in the first quarter of 2023 and believe there is a 50-50 chance it may happen as soon as March. The latest rate […]
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Euro Zone’s Stagnant Economy Weighed Down by German Malaise
Introduction The euro zone’s economy experienced stagnation in the past year, primarily due to an industrial downturn in Germany, the region’s former economic powerhouse, according to recent data. Although the euro zone narrowly avoided an outright recession in the final quarter of 2023, the United States, its biggest trading partner, displayed impressive growth. Geopolitical factors […]
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Bitcoin Rises on Hopes of Unchanged Interest Rates, Solana Bulls Back Above $100
Grayscale Bitcoin Trust Investors Trigger Price Drop Last week, Bitcoin faced some obstacles due to Grayscale Bitcoin Trust (GBTC) investors selling off shares after the fund transitioned into a spot Bitcoin ETF. Consequently, significant amounts of BTC, which backed those shares, were sold off by the issuer, exerting downward pressure on Bitcoin’s price. Crypto Funds […]
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Canoo’s Revenue Generation Phase: Progress Despite Continued Financial Risks
Canoo finally has some income Canoo, the electric vehicle (EV) company, recently announced its earnings for the third quarter of 2023, revealing that it has entered the “accelerating revenue generation phase.” This statement is supported by the fact that Canoo generated $519,000 in revenue during this period, compared to zero in the previous year. This […]
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