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Jainam Parmar
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??6th November 2024 | Global GDP Faces Larger Climate Impact Than Expected, UK Proposes Bill to Ban Cigarette Sales, Nvidia Eyes Investment in Musk's AI Venture, Jawaan Taylor Escapes False Start Penalty in Overtime, Florida Voters Reject Recreational Marijuana, RFK Jr. Pushes to Remove Fluoride from Water, and more!
Business and Economy
?? U.S. Economy Sees Fastest Growth in Over 2 Years
The U.S. economy grew at a 4.9% annual rate in Q3 2023, its fastest pace since 2021, driven by robust consumer spending and job market strength, beating analysts' 4.5% forecast. This growth, despite Federal Reserve rate hikes to curb inflation, reflects heightened consumer activity and federal spending. Economist Kathy Bostjancic noted, “Growth may slow as consumers exhaust pandemic savings.”?
?? Global GDP Faces Larger Climate Impact Than Expected
Global GDP could suffer a much greater climate impact, with physical risks potentially quadrupling by 2050, according to the Network for Greening the Financial System (NGFS). A 3°C rise could lead to GDP losses of up to 30%. Timely transition efforts could mitigate this, but a substantial economic transformation is needed. NGFS stated, “Stronger efforts are required to meet climate targets.”?
World
?? Netanyahu Ousts Defense Minister Yoav Gallant Amid War and Political Tensions
Israeli Prime Minister Benjamin Netanyahu fired Defense Minister Yoav Gallant after months of disagreements over war strategy, ultra-Orthodox military service exemptions, and a call for an inquiry into the October 7 Hamas attack. Gallant will be replaced by Israel Katz. Gallant responded, stating, “The security of Israel has been and will always be my lifelong mission.”?
?? UK Proposes Bill to Ban Cigarette Sales
The UK government introduced the Tobacco and Vapes Bill aiming to make cigarettes illegal for those born after Jan. 1, 2009, by raising the minimum purchase age annually. It also bans smoking in certain outdoor spaces and restricts vaping products, aiming to combat nicotine addiction. Health Secretary Wes Streeting said, "The bill breaks the cycle of addiction and paves the way for a smoke-free U.K."
Science and Tech
?? Nvidia Mulls Investment in Musk's AI Startup
Nvidia (NVDA) is considering a strategic investment in Elon Musk’s AI startup, xAI, to enhance its capabilities and accelerate growth. Founded in March 2023, xAI is targeting a $75 billion valuation by January 2025 aligning with Nvidia’s broader strategy of backing AI ventures, having already participated in 21 funding rounds this year. The investment could further solidify Nvidia’s leadership in the AI sector.
?? iPhone Users Hit With Hidden Apple Costs
iPhone owners will face hidden costs with Apple's generative AI, launching through Apple Intelligence in December. As part of iOS 18.2, users will encounter limits on ChatGPT usage, with an option to upgrade to a paid $19.99 monthly ChatGPT Plus plan. Unlike free AI offerings from Google and Samsung, Apple’s freemium model contrasts with competitors’ free tools.
Sports and Entertainment
?? Christina Applegate Reveals 'Sharp Pains' from MS Leave Her Screaming in Bed
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Christina Applegate, 52, shared the intense pain she experiences from multiple sclerosis (MS) during a recent “MeSsy” podcast episode. She described enduring "sharp pains" that leave her in bed "screaming.” Since her MS diagnosis in 2021, Applegate has been open about the impact on her daily life, stating, “Every single day of my life, I can’t even pick up my phone sometimes.”?
? Jawaan Taylor Escapes False Start Penalty in Overtime
Kansas City Chiefs right tackle Jawaan Taylor got away with a false start in overtime during a game against the Tampa Bay Buccaneers. On second and five from the Tampa Bay six, Taylor moved early, but no penalty was called. Patrick Mahomes threw a pass to Travis Kelce, setting up a game-winning touchdown. NFL legend Tony Dungy stated, "The integrity of the game is being compromised."
Misc
??? Trump Votes in Palm Beach, Calls It His Best Campaign
Former President Donald Trump voted in Palm Beach, Florida, on Election Day, calling his 2024 campaign the best of his three bids. Referring to his 2016 win over Hillary Clinton and his 2020 loss to President Joe Biden, he stated, "This was the best campaign we ran." Trump also voiced frustration over delayed vote counts, stating, "I think we are going to have a very big victory today."
??? Trump Declares 'Powerful Mandate' After Fox News Projects Victory
Donald Trump, speaking at his Florida watch party, delivered a bizarre, rambling victory speech, despite only Fox News calling the race in his favor. He declared a "powerful mandate" and a "golden age" for America, celebrated GOP Senate wins, and praised allies like Elon Musk and JD Vance while also sharing personal anecdotes. He stated, “America’s future will be bigger, better, and stronger.”
?? Florida Voters Reject Recreational Marijuana??
Florida voters rejected Amendment 3, which aimed to legalize recreational marijuana, with 55.8% approval—falling short of the 60% threshold. Despite $150 million in backing from Trulieve, the proposal was opposed by Governor DeSantis and anti-legalization groups. Trulieve CEO Kim Rivers stated, "We left it all on the field."
?? Owning a Dog Reduces Early Death Risk by 24%
Owning a dog reduces the risk of dying early by 24%, according to a comprehensive review of global research spanning nearly 70 years. The study showed heart attack and stroke survivors benefited the most, with a 31% lower risk. Dr. Caroline Kramer concluded, "Having a dog is actually protective against dying of any cause."?
?? RFK Jr. Pushes to Remove Fluoride from Water
Robert F. Kennedy Jr. proposed removing fluoride from U.S. water systems, claiming it poses health risks. If he joins a potential Trump administration, he plans to advise on the change. Former President Donald Trump responded positively, saying, “Well, I haven’t talked to him about it yet, but it sounds OK to me. You know, it’s possible.”
This Day That Year
On November 6th, 1860, Abraham Lincoln was elected as the 16th President of the United States. His victory triggered the secession of Southern states, leading to the outbreak of the Civil War, a brutal conflict that would last until 1865 and ultimately result in the abolition of slavery in the U.S.
Have a great day and see you Tomorrow??