
<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Set to occur on Saturday is the highly anticipated bitcoin halving event, a somewhat mysterious phenomenon that occurs every four years, which should theoretically provide a major tailwind to bitcoin prices flatlining in recent weeks.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>The halving event refers to the 50% reduction in the new bitcoins available daily to digital miners who unlock tokens on the blockchain via a complex, energy-intensive process.&#8221;</p>



<p>Halving previously occurred in 2012, 2016 and 2020, and is programmed directly into the bitcoin ecosystem to occur every four years, with the fourth instance widely expected to come Saturday, or within a few days, cutting the amount of bitcoins available for mining each day from 900 to 450.</p>



<p>Between 19 million and 20 million bitcoins now exist, with only&nbsp;<a href="https://www.forbes.com/sites/digital-assets/article/the-21-million-question---is-bitcoin-supply-really-capped/?sh=16f31a4a7984">21 million</a>&nbsp;tokens ever programmed to exist, and halvings are designed to keep the supply of bitcoin limited, and maintaining the decentralized currency’s storage of value.</p>



<p>By lowering the supply, some expect the 2024 halving will drive demand for bitcoin, and therefore its price, which happened in the immediate aftermath of the three other events.</p>



<p>Bitcoin&nbsp;<a href="https://www.coindesk.com/learn/bitcoin-halving-explained/" rel="noreferrer noopener" target="_blank">rose</a>&nbsp;8,069% in the 12 months after the 2012 halving, 284% following the 2016 halving and 559% after the 2020 halving.“It’s pretty much Economics 101” that bitcoin prices go up after halving, according to Sevens Report analyst Tom Essaye, who explained that so long as demand doesn’t decrease and new supply goes down, the “only thing left to move is price.”</p>



<h2 class="wp-block-heading" id="h-contra">CONTRA</h2>



<p>It’s far from a given that bitcoin demand will stay steady or increase, and three halving data points hardly make enough of a trend to definitively declare how bitcoin prices will behave during this halving cycle. It’s often hard to sift through the opinions of bitcoin revilers and zealots, but the former will tell you that bitcoin is already overvalued considering its limited use cases. But bitcoin’s ludicrous market-beating returns in recent years are hard for even the biggest pessimist to dismiss: The $61,000 per token bitcoin fetched Wednesday is roughly seven times its price at the 2020 halving, 90 times its 2016 level and 4,000 times its 2012 level.</p>



<h2 class="wp-block-heading" id="h-so-why-are-bitcoin-prices-down">SO WHY ARE BITCOIN PRICES DOWN?</h2>



<p>Bitcoin is about 17% below its all-time high of $73,768 set last month, with Saturday’s flash&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2024/04/13/bitcoin-plummets-after-iran-launches-attack-on-israel/?sh=14a5c6681f70">10% crash</a>&nbsp;as Iran launched a drone attack on Israel exemplifying the fragile nature of the rally. Bernstein analyst Gautam Chhugani explained to clients Wednesday that it’s actually “new demand catalysts” overlapping with prior halvings that helped drive price increases, explaining that the current cycle’s catalyst actually already happened: January’s approval of spot bitcoin exchange-traded funds, which unlocked billions of dollars of new capital into bitcoin and contributed most strongly to the positive price action, as bitcoin remains up nearly 300% dating back to the beginning of last year. Chhugani expects bitcoin to reach as high as $150,000 next year, a highly bullish forecast that is more than double even its all-time high.</p>



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



<p>Halvings are likely a boon for bitcoin holders, but it’s a major challenge for miners, considering it quite literally halves their potential revenue stream – imagine if regulation allowed McDonald’s to sell Big Macs but no fries. Shares of CleanSpark (up 38%), Marathon Digital (down 36%) and Riot Platforms (down 48%), the three most prominent publicly traded American bitcoin miners, have all underperformed bitcoin this year, Chhugani noted, adding that the halving may actually be a good thing for investors as the pressure can lead to consolidation and more profitable companies.</p>


Crypto in Tbilisi as Devotees Begin to Contemplate a Market Bottom

Bitcoin Halving: Here’s Why Some Expect Prices To Soar


<p><strong>A fight over a vital federal tax credit intended to kickstart a market for clean hydrogen and worries over high production costs are cooling near-term expectations for the climate-friendly fuel.</strong></p>



<p>Clean hydrogen has been heralded as a carbon-free fuel that’s key to efforts to remediate the climate crisis. It would help clean up dirty industries like chemical and steel production, be a source of clean transportation fuel and help the U.S. hit a goal of net-zero greenhouse gas emissions&nbsp;<a href="https://www.whitehouse.gov/wp-content/uploads/2021/10/us-long-term-strategy.pdf" rel="noreferrer noopener" target="_blank">by 2050</a>. But getting things started isn’t going so well.</p>



<p>After years of hype, fundraising, and&nbsp;<a href="https://www.forbes.com/sites/alanohnsman/2023/10/13/us-amps-up-clean-energy-push-with-50-billion-hydrogen-hub-plan/?sh=431f604144f9">billions of dollars of federal support</a>&nbsp;to get a green hydrogen market off the ground, there’s growing pessimism over how fast the carbon-free fuel can ramp up. Frustrated by proposed guidelines for a crucial government incentive that they deem too strict, companies including ExxonMobil and Plug Power are threatening to scrub or delay big hydrogen projects.</p>



<p>“Two years ago this was super-hyped. It was like, everybody&#8217;s exuberant,” Raffi Garabedian, CEO of <a href="https://www.forbes.com/sites/alanohnsman/2024/02/21/green-hydrogen-could-help-save-the-planet-this-startup-wants-to-make-it-cheap/?sh=1cd8fe4e2835">Electric Hydrogen</a>, told <em>Forbes</em>. “What’s happened is people started realizing, ‘Oh, shit, this thing I&#8217;ve been talking about for a while — the hype-to-reality ratio — projects aren&#8217;t getting built. I wonder why? People have started realizing this is really hard.”</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<p>Clean hydrogen — particularly the “green” variety made from just water and renewable electricity — is central to the Biden Administration’s strategy for slashing carbon pollution. But proposed rules for a tax credit worth up to $3 a kilogram to offset the fuel’s higher production costs favor projects that rely on new renewable (or nuclear) power sources, which raises the cost substantially. Garabedian is fine with that, but some competitors say it’ll keep the price of green hydrogen too high. And ExxonMobil is unhappy that its approach — making hydrogen from natural gas but capturing the CO2 before it can escape into the atmosphere — probably won’t get the full credit.</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>Dirty hydrogen can be made for $1.06/kilogram. Green hydrogen costs up to four times as much.</p>
</blockquote>



<p>As with other low-carbon technologies, including solar panels, wind turbines and electric car batteries that had to conquer early high costs, clean hydrogen has to get cheaper to be competitive and impactful. But getting even to cost parity with the dirty industrial variety made from natural gas won’t be easy — it’s made for as little as&nbsp;<a href="https://www.eia.gov/todayinenergy/detail.php?id=61763&amp;src=email" rel="noreferrer noopener" target="_blank">$1.06 a kilogram</a>. Green hydrogen costs about four times as much.</p>



<p>The world uses about 92 million tons of hydrogen a year, mainly for heavy industry. By the end of the decade, industry researcher Wood Mckenzie estimates clean hydrogen production could grow to about 14 million tons, from essentially nothing now. It’s an amount that would mark the start of critical mass for the fuel. But that’s about 1 million tons less than it had previously anticipated in late 2023.</p>



<p>“We expected some delays, but they&#8217;re a bit more than what we and others had thought,” said Murray Douglas, vice president for hydrogen research at Wood Mackenzie in Edinburgh, Scotland.</p>



<p>“It’s everything: the cost of the renewable generation; it’s the rules; it’s general cost inflation across all industries; and then it&#8217;s also convincing (customers) that they should sign up now, rather than waiting for costs to come down,” he said. “When you put these things together, you begin to get a more bearish view of 2030.”</p>



<p>That’s leading some fossil fuel companies to take a presumptive victory lap.</p>



<p>“We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions,” Amin Nasser, CEO of Aramco, the world’s largest oil company,&nbsp;<a href="https://www.aramco.com/en/news-media/speeches/2024/ceraweek-keynote-speech-by-amin-h-nasser" rel="noreferrer noopener" target="_blank">said</a>&nbsp;at S&amp;P Global’s recent CERAWeek conference in Houston. “Many of us have been saying for a long time that the world has been trying to transition in a fog, without a compass, on a road to nowhere.”</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="h-credit-critics"><strong>Credit Critics</strong></h2>



<p>Along with green hydrogen startups, incentives to ramp up a clean hydrogen industry need to compel fossil energy companies that are a big part of the climate problem to join in. But the plan as proposed doesn’t do that.</p>



<p>In a&nbsp;<a href="https://www.regulations.gov/comment/IRS-2023-0066-28305" rel="noreferrer noopener" target="_blank">letter to regulators</a>, the biggest U.S. oil company said a project in Baytown, Texas, that it’s touted as the world’s largest low-carbon hydrogen plant, is at risk from the proposed credit rules that don’t incentivize carbon capture and storage. If they’re not altered, “the cost of the hydrogen produced will be such that the market for low carbon hydrogen will not be catalyzed and our project, and possibly others, will not proceed,” wrote ExxonMobil vice president Jim Chapman in the letter.</p>



<p>Even Plug Power, an early leader in green hydrogen, isn’t pleased with having to use power from new, clean sources to get the full credit. The company told&nbsp;<em>Forbes</em>&nbsp;a&nbsp;<a href="https://www.plugpower.com/plugs-california-green-hydrogen-plant-saves-water-creates-new-energy-source/" rel="noreferrer noopener" target="_blank">green hydrogen plant in California</a>&nbsp;intended to make 500 tons of carbon-free hydrogen a day may not open next year as planned due to the 45V tax credit proposal and other factors. (Its first such facility opened in Georgia this year, getting electricity to make hydrogen from a new nuclear power plant. All hydrogen made there will be eligible for the credit)</p>



<p>As currently proposed, “we think the U.S. now takes a real backstep to Europe on hydrogen,” Plug CEO Andy Marsh said in a&nbsp;<a href="https://www.forbes.com/sites/alanohnsman/2023/12/22/green-hydrogen-makers-say-strict-federal-tax-credit-rules-will-stall-us-boom/?sh=7877597f2e1c">December 2023 interview</a>.</p>



<p>A final version of the credit rules is expected late this year, likely before the November election.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="h-pricey-fuel"><strong>Pricey Fuel</strong></h2>



<p>ExxonMobil’s interest in making cleaner hydrogen is understandable. Like Aramco, it already uses huge amounts of conventional hydrogen — and ranks among the&nbsp;<a href="https://carbonmajors.org/briefing/The-Carbon-Majors-Database-26913" rel="noreferrer noopener" target="_blank">world’s largest sources of carbon pollution</a>. That’s not a good look as the worsening climate crisis brings new record temperatures on&nbsp;<a href="https://www.washingtonpost.com/climate-environment/2024/04/09/march-record-global-heat/" rel="noreferrer noopener" target="_blank">land</a>&nbsp;and&nbsp;<a href="https://www.nytimes.com/2024/04/10/climate/ocean-heat-records.html" rel="noreferrer noopener" target="_blank">sea</a>&nbsp;almost weekly.</p>



<p>Given the global scale of its operations and cash reserves of more than $31 billion, ExxonMobil is well-positioned to be a leader in capturing and storing CO2 from its operations, making what’s known as blue hydrogen. But the Biden Administration has decided not to reward that approach.</p>



<p>A landmark&nbsp;<a href="https://onlinelibrary.wiley.com/doi/full/10.1002/ese3.956" rel="noreferrer noopener" target="_blank">study by Cornell scientist Robert Howarth</a>&nbsp;found that carbon capture and storage is energy-intensive and leads to even more climate pollution than if the CO2 just wafted into the air. Its greenhouse gas footprint is also “more than 20% greater than burning natural gas or coal for heat and some 60% greater than burning diesel oil for heat,” the study found.</p>



<p>Unlike petroleum-based fuels, there’s no commodity market price for hydrogen. It’s supplied directly from producers to consumers. Big users, like oil refineries and chemical plants, get it for the lowest cost. Others pay much more.</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>“The cost of hydrogen is running about 2.5 times more than for compressed natural gas.”Foothill Transit CEO Doran Barnes</p>
</blockquote>



<p>In California, the only U.S. market for hydrogen vehicles, Toyota-backed First Element operates dozens of fuel stations dispensing highly compressed hydrogen for an eye-popping $36 a kilogram to drivers of Toyota Mirai sedans and Hyundai Nexo SUVs. (The price is distorted by the fact that most hydrogen vehicle owners get prepaid cards for up to six years of free fuel.)</p>



<p>Prices are a bit better for Foothill Transit, a Los Angeles-area agency with three dozen hydrogen buses and that’s adding 20 more. It negotiated a multiyear rate from a hydrogen supplier of $9.12 a kilogram, said Foothill CEO Doran Barnes. And while the buses are reliable, “the cost of hydrogen is running about 2.5 times more than for compressed natural gas,” he said.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="h-need-for-power"><strong>Need For Power</strong></h2>



<p>The requirement that power to make green hydrogen come from new clean energy sources is understandable. The electric grid is already struggling to keep up with rising demand from power-hungry data centers, booming U.S. manufacturing and growth in electric vehicles that require charging.</p>



<p>“If we&#8217;re going to grow energy demands by producing electrolytic hydrogen we have to add new clean power resources to support that,” said Eric Guter, vice president of hydrogen mobility for Air Products, the world’s biggest supplier of the gas. “Otherwise we&#8217;re going to exacerbate the emissions problem on the backs of taxpayers, and that will destroy the long-term outlook for a viable clean hydrogen market.”</p>



<p>Air Products plans several large-scale green hydrogen projects that open later this decade — including&nbsp;<a href="https://www.airproducts.com/energy-transition/neom-green-hydrogen-complex" rel="noreferrer noopener" target="_blank">one in oil rich Saudi Arabia</a>&nbsp;— and supports the proposed tax credit rules. So too does Electric Hydrogen, which is developing&nbsp;<a href="https://www.forbes.com/sites/alanohnsman/2024/02/21/green-hydrogen-could-help-save-the-planet-this-startup-wants-to-make-it-cheap/?sh=2543f9f28351">large-scale green hydrogen plants</a>. Cofounded by two solar industry veterans, the Boston-based company’s business plan is to locate hydrogen operations near new wind or solar projects and, ideally, avoid plugging into the grid. It’s raised more than $600 million from investors including Bill Gates’ Breakthrough Energy Ventures, Energy Impact Partners, BP Ventures and Amazon.</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>“We&#8217;re competing against 100 years of global subsidy, war, blood, fortune and gold that&#8217;s gone into making oil and gas what it is today.”Electric Hydrogen CEO Raffi Garabedian</p>
</blockquote>



<p>It wants to deliver its first commercial-scale green hydrogen plant late this year to billionaire&nbsp;<a href="https://eh2.com/electric-hydrogen-to-supply-electrolyzer-technology-green-facility/" rel="noreferrer noopener" target="_blank">Wes Edens’ New Fortress Energy</a>. New Fortress intends to sell the fuel it makes to an ammonia producer. Powered by 100 megawatts of electricity, the plant will be capable of making up to 45 tons of fuel daily.</p>



<p>Garabedian said another early market for green hydrogen may be for sustainable aviation fuel, or SAF, as regulations in Europe force airlines to use more low-carbon fuel. But as the company lines up customers, he understands the challenge ahead.</p>



<p>“We&#8217;re competing against 100 years of global subsidy, war, blood, fortune and gold that&#8217;s gone into making oil and gas what it is today. And it&#8217;s still the most highly subsidized industry in the world, other than the military,” he said. “Trying to compete with that on a cost basis, it&#8217;s insane.”</p>


New Green Hydrogen Tank construction site.

Green Hydrogen’s Hype Hits Some Very Expensive Hurdles


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Apple ceded the position of the world’s biggest phone maker to rival Samsung in the first quarter of 2024 after global iPhone shipments saw a steep slump, the latest setback for the tech giant since the start of the year.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>According to the&nbsp;<a href="https://www.idc.com/getdoc.jsp?containerId=prUS52032524" rel="noreferrer noopener" target="_blank">latest report</a>&nbsp;by market research firm IDC, Apple’s smartphone shipments fell to 50.1 million units in the first quarter of 2024, down 9.6% year-on-year.</p>



<p>Apple’s sharp slump came despite the overall smartphone market growing 7.8%—driven largely by booming shipments of smartphones made by Chinese firms.</p>



<p>The drop in iPhone shipments means Samsung became the world’s biggest smartphone maker in the first three months of the year, with 60.1 million shipments.</p>



<p>Despite beating out the iPhone maker, Samsung’s smartphone shipments were down around 0.7% year-on-year.</p>



<p>Chinese smartphone giant Xiaomi retained its spot as the world’s third-biggest phone maker while its shipments saw a major 33.8% growth.</p>



<p>Another Chinese firm Transsion, which makes low-cost smartphones that are popular in Africa, Latin America and Asia, saw its first-quarter shipments nearly double from 15.4 million in 2023 to 28.5 million this year.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



<p>Apple shares were down 1.18% in premarket trading Monday. The company’s stock has had a poor 2024, down nearly 5% since the start of the year.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Apple, which started the year as the world’s most valuable company, has been plagued by bad news since the start of the year. Last month, Hong Kong-based Counterpoint Research reported that iPhone sales in China were down 24% year-over-year in the first six weeks of 2024. This is a major blow for the company as China accounts for more than 15% of its revenues. Apple also&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2024/02/27/apple-abandoning-electric-car-quest-and-focusing-on-ai-report-says/?sh=52cdf327ac09">reportedly</a>&nbsp;abandoned a decade-long ambitious and expensive internal effort to build a self-driving car earlier this year. Last month, the Justice Department and multiple U.S. states&nbsp;<a href="https://www.forbes.com/sites/caileygleeson/2024/03/21/us-sues-apple-in-landmark-iphone-antitrust-case/?sh=7bafd4715ffc">filed a lawsuit</a>&nbsp;against Apple, accusing the company of violating antitrust laws through restrictive policies that hurt competitors and consumers. Apple’s investors have also been&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2024/03/05/apple-stocks-plunge-continues-heres-why-its-at-a-crossroads/?sh=48ae2eeb3477">concerned</a>&nbsp;about the company’s artificial intelligence efforts, especially compared to rivals like Google, Microsoft and Meta. Last month, the Wall Street Journal&nbsp;<a href="https://www.forbes.com/sites/siladityaray/2024/03/18/apple-reportedly-in-talks-with-google-to-integrate-geminis-ai-service-into-the-iphone/?sh=130770907683">reported</a>&nbsp;that Apple held talks with Google to discuss integrating the search giant’s Gemini AI service into the iPhone—a likely sign that Apple’s internal AI efforts are still significantly behind its rivals.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/dereksaul/2024/03/05/apple-stocks-plunge-continues-heres-why-its-at-a-crossroads/?sh=22196a9e3477">Apple Stock’s Plunge Continues: Here’s Why It’s At A Crossroads</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/siladityaray/"></a></p>


iPhone15 On Sale in Chongqing

Apple Is No Longer The World’s Biggest Smartphone Maker By Volume—As Samsung Ships More Handsets In Q1


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>The price of bitcoin dropped by 7% on Saturday over the course of less than an hour, as prices for other cryptocurrencies also sharply declined after Iran launched an attack on Israel.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>The price of bitcoin was&nbsp;<a href="https://www.forbes.com/digital-assets/assets/bitcoin-btc/?sh=57fc0c8a4357">down</a>&nbsp;7% to $62,570 as of 4:40 p.m. Saturday afternoon, after the cryptocurrency briefly fell to a low on the day of $60,908 minutes earlier.</p>



<p>The price of ethereum fell over 9% to $2,923, while prices for Binance coin and solana dropped 9% and nearly 18%, respectively.</p>



<p>Prices for several less-traded cryptocurrencies dropped by at least 15%, including avalanche (20%), XRP (20%) and the meme token dogecoin (18%).</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>$73,750. That’s what the&nbsp;<a href="https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-down-to-64000-after-record-high/">price</a>&nbsp;for bitcoin was on March 24, the all-time high price for the cryptocurrency.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Concerns over increased geopolitical conflict in the Middle East have impacted U.S. markets in recent days. The Dow Jones Industrial Average&nbsp;<a href="https://www.cnn.com/2024/04/12/investing/stocks-oil-banks-geopolitics/index.html" rel="noreferrer noopener" target="_blank">dropped</a>&nbsp;by 475 points Friday, after the White House said the U.S. and Israel were preparing for a potential attack by Iran. JPMorgan Chase CEO Jamie Dimon told investors geopolitical conflict was cause for concern, noting it could “be determinative on what happens to the global economy if oil and gas prices go too high,” CNN&nbsp;<a href="https://www.cnn.com/2024/04/12/investing/jpmorgan-chase-bank-earnings-q1/index.html" rel="noreferrer noopener" target="_blank">reported</a>.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/jamesfarrell/2024/04/13/iran-launches-drone-attack-on-israel/?sh=343044cb2130">Iran Launches Drone Attack On Israel</a> (<em>Forbes</em>)<a href="https://www.forbes.com/sites/tylerroush/"></a></p>


Iran-Reaction, IRGC Missile And UAV Attack On Israel

Bitcoin Plummets After Iran Launches Attack On Israel


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Iran’s long-anticipated attack on Israel has started, as the country has launched unmanned aerial vehicles from within Iran set to reach Israel in the next “several hours,” the <a href="https://twitter.com/IDF/status/1779242779182288964" target="_blank" rel="noreferrer noopener">Israel Defense Forces</a> confirmed Saturday afternoon.</p>



<h2 class="wp-block-heading">KEY FACTS</h2>



<p>In a press conference, IDF spokesperson&nbsp;<a href="https://twitter.com/SkyNews/status/1779241449889919327" rel="noreferrer noopener" target="_blank">Daniel Hagari</a>&nbsp;said the IDF is going to “try to prevent them from reaching Israeli territory.”</p>



<p>He added the IDF would inform the public of additional threats if necessary, while the IDF is on “high alert and is constantly monitoring the operational situation”—Iran has also launched cruise missiles in addition to the drones, according to&nbsp;<a href="https://www.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-13-24/h_459325a36ff45ef1b197dc12352d75ce" rel="noreferrer noopener" target="_blank">CNN</a>, citing Israeli media.</p>



<p>The&nbsp;<a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/13/statement-from-nsc-spokesperson-adrienne-watson-on-attacks-against-israel/" rel="noreferrer noopener" target="_blank">White House</a>&nbsp;issued a statement confirming Iran’s “airborne attack against Israel,” noting President Joe Biden is being “regularly updated on the situation” by national security officials and is in “constant communication” with Israel and other allies.</p>



<p>The Islamic Revolutionary Guard Corps reportedly confirmed the strikes in a statement read on Iranian state media, according to<a href="https://www.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-13-24/h_885917fe5b91668450e443aab2c20d29" target="_blank" rel="noreferrer noopener"> CNN</a> and the <a href="https://www.nytimes.com/live/2024/04/13/world/israel-iran-gaza-war-news" target="_blank" rel="noreferrer noopener">New York Times</a>, claiming it had launched “dozens of drones and missiles” toward “certain targets in the territories of the Zionist regime.”</p>



<div class="wp-block-media-text is-stacked-on-mobile"><figure class="wp-block-media-text__media"><img loading="lazy" decoding="async" width="1024" height="705" src="https://cms.forbesafrica.com/wp-content/uploads/2024/04/GettyImages-2147801988.jpg" alt="" class="wp-image-61656 size-full" srcset="https://cms.forbesafrica.com/wp-content/uploads/2024/04/GettyImages-2147801988.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2024/04/GettyImages-2147801988-300x207.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2024/04/GettyImages-2147801988-768x529.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure><div class="wp-block-media-text__content">
<p><strong><em>An Iranian man is sitting on a sidewalk in downtown Tehran, Iran, on April 14, 2024, holding a Jam-e Jam daily newspaper that features an illustrated image of Iran&#8217;s Islamic Revolutionary Guard Corps (IRGC) missile and UAV attack. He is looking on as Iran launches dozens of Unmanned Aerial Vehicles (UAVs) and missiles against Israel in response to the Israeli attack on its Consulate in Damascus. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images)</em></strong></p>
</div></div>



<p>The attacks have been&nbsp;<a href="https://www.forbes.com/sites/jamesfarrell/2024/04/13/everything-we-know-about-a-potential-iranian-attack-on-israel-as-us-suggests-strike-is-imminent/?sh=1a2984c665a9">highly anticipated</a>&nbsp;following a strike on an Iranian embassy in Syria—which Iran blamed on Israel—that killed several Iranian military officials, prompting global concern that an Iranian strike could widen tensions across the region amid the ongoing Israel-Hamas war.</p>



<p>Just ahead of the attack, the IDF issued new <a href="https://twitter.com/IDF/status/1779202651688702286" target="_blank" rel="noreferrer noopener">guidelines</a> for Israeli citizens at home, limiting certain gatherings to 1,000 people and prohibiting educational activities across the country, while <a href="https://www.reuters.com/world/middle-east/jordan-temporarily-close-airspace-state-media-says-2024-04-13/" target="_blank" rel="noreferrer noopener">Jordan </a>and <a href="https://www.barrons.com/news/iraq-closes-airspace-as-iran-launches-attack-on-israel-ministry-4adb745a" target="_blank" rel="noreferrer noopener">Iraq</a> reportedly closed their airspace temporarily.</p>



<h2 class="wp-block-heading">CRUCIAL QUOTE</h2>



<p>“The United States will stand with the people of Israel and support their defense against these threats from Iran,” National Security Council spokesperson Adrienne Watson said in the White House statement.</p>



<h2 class="wp-block-heading">WHAT WE DON’T KNOW</h2>



<p>It’s unclear what Iran is targeting—though recent&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-04-10/us-sees-missile-strike-on-israel-by-iran-proxies-as-imminent?sref=yYYRek8e" rel="noreferrer noopener" target="_blank">reports&nbsp;</a>had suggested Iran was planning on targeting military or government sites. It’s unclear how, or if, Israel will respond to the attack. Israeli officials had in recent days vowed&nbsp;<a href="https://apnews.com/article/israel-hamas-war-latest-04-11-2024-9774f91ef80126e580ea5a9b3b84eb74" rel="noreferrer noopener" target="_blank">retaliation</a>&nbsp;in the event of an attack.&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2024/04/12/biden-expects-iran-to-attack-israel-sooner-rather-than-later/?sh=11f13de82b53">Biden</a>&nbsp;had also promised the United States would support Israel in the event of an Iranian attack. Iranian officials had criticized both Israel and the United States immediately following the embassy attack—Iran’s U.N. ambassador<a href="https://newyork.mfa.ir/portal/NewsView/742465/Ambassador39s-Statement-Before-UNSC-Following-Israeli-Regime39s-Airstrikes" rel="noreferrer noopener" target="_blank">&nbsp;Zahra Ershada</a>&nbsp;said in a statement that the “United States is responsible for all crimes committed by the Israeli regime,” while&nbsp;<a href="https://twitter.com/MhmmdJamshidi/status/1776238843710058907" rel="noreferrer noopener" target="_blank">Mohammad Jamshidi</a>, an advisory to Iranian President Ebrahim Raisi, said in a message directed to the U.S. on X, formerly known as Twitter: “Stay away so you won’t get hurt.”</p>



<h2 class="wp-block-heading">CONTRA</h2>



<p>Some reports suggest Iran is aiming to avoid a wider conflict, with&nbsp;<a href="https://www.reuters.com/world/middle-east/israel-edge-iranian-retaliation-after-embassy-strike-2024-04-12/#:~:text=IRAN%20WANTS%20TO%20AVOID%20ESCALATION%2C%20SOURCES%20SAY&amp;text=Iranian%20sources%20and%20diplomats%20from,might%20spin%20out%20of%20control." rel="noreferrer noopener" target="_blank">Reuters&nbsp;</a>reporting Friday that Iranian sources said Tehran had alerted the U.S. that it hopes to avoid a broader conflict.</p>



<h2 class="wp-block-heading">WHAT TO WATCH FOR</h2>



<p>At his press conference, Hagari said Israel’s army had been preparing for the attack in advance and “all of its elements both on the defensive and the offensive are prepared.” He said Israel has various “circles of protection” from its navy and air force with additional circles of protection from the United States. He added: “We have an excellent air defense system and it is now in full operation, but you must remember it’s never 100%—the defensive measures,” and urged residents to remain calm.</p>



<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>The airstrike on the facility in Syria reportedly killed seven Iranian military officials. Israel has been widely blamed for the attack, though it has not claimed responsibility. The strike and anticipated response has prompted concern that continued tit-for-tat between Israel and Iran could significantly widen the crisis in the Middle East, expanding out from the ongoing Israel-Hamas war in Gaza. Iran has long been a vocal supporter of Hamas and materially supports other proxy groups that oppose Israel, like the Houthis in Yemen and Hezbollah in Lebanon.</p>


Iranians Celebrate Iran’s IRGC Missile And UAV Attack Against Israel

Iran Launches Drone Attack On Israel


<p><strong>World Central Kitchen has delivered 43 million meals to Palestinians facing starvation. Now the organization is calling for an investigation into the attack in which seven workers were killed.</strong></p>



<p>What were the clearly marked World Central Kitchen vans full of as they delivered food in the southern Gazan city of Deir al-Balah this week, before the horrific killing of seven World Central Kitchen aid workers? Rice, flour, legumes.&nbsp;<strong>Also among the supplies: Dates.</strong>&nbsp;To celebrate Ramadan. To bring a brief moment of tradition to a region facing catastrophic loss.</p>



<p>World Central Kitchen has <strong>delivered 43 million meals to Palestinians facing starvation</strong>, as access to food and water have been under attack. People like chef José Andrés’ volunteers have been risking it all to bring humanity to an inhumane crisis. The deadly attack this week is far from the first time food has been weaponized in Palestine, and while World Central Kitchen is <a href="https://www.forbes.com/sites/siladityaray/2024/04/04/world-central-kitchen-demands-independent-probe-into-israeli-strike-that-killed-seven-aid-workers-in-gaza/">calling for an independent commission to investigate the killings</a>, millions are waiting to see if this shocking loss will create change.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="h-related-stories">Related Stories</h2>



<ul>
<li><a href="https://www.forbes.com/sites/chloesorvino/2022/06/16/russia-widens-attack-on-food-with-bombing-of-train-bound-for-jos-andrs-world-central-kitchen/">Russia Widens Attack On Food With Bombing Of Train Bound For José Andrés’ World Central Kitchen</a></li>



<li><a href="https://www.forbes.com/sites/chloesorvino/2022/11/07/jos-andrs-has-some-things-to-get-off-his-chest-as-world-central-kitchen-prepares-for-brutal-ukraine-winter/">José Andrés Has Some Things To Get Off His Chest As World Central Kitchen Prepares For A Brutal Ukraine Winter</a></li>



<li><a href="https://www.forbes.com/sites/chloesorvino/2023/10/20/fresh-take-cooking-through-crisis/">Finding Moments Of Joy And Inspiration In <em>The World Central Kitchen Cookbook</em></a></li>



<li><a href="https://www.forbes.com/sites/chloesorvino/2022/04/27/water-emerges-as-weapon-of-war-in-ukraine-and-beyond/">Water Emerges As Weapon Of War In Ukraine And Beyond</a></li>
</ul>



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<h2 class="wp-block-heading has-text-align-center"><strong>What’s Fresh</strong></h2>



<h3 class="wp-block-heading"><a href="https://www.forbes.com/sites/errolschweizer/2024/04/03/how-food-industry-workers-want-to-modernize-the-farm-bill/"><strong>How Food Industry Workers Want To Modernize The Farm Bill</strong></a></h3>



<p>Essential&nbsp;<a href="https://www.forbes.com/sites/errolschweizer/2024/04/03/how-food-industry-workers-want-to-modernize-the-farm-bill/">food workers are organizing</a>&nbsp;to&nbsp;<strong>ensure that the Farm Bill is keeping up</strong>&nbsp;with the needs of their communities.</p>



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<h3 class="wp-block-heading"><a href="https://www.forbes.com/sites/errolschweizer/2024/03/27/why-independent-grocers-are-pushing-for-better-antitrust-enforcement/"><strong>Why Independent Grocers Are Pushing For Better Antitrust Enforcement</strong></a></h3>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="1024" height="740" src="https://cms.forbesafrica.com/wp-content/uploads/2021/12/GettyImages-1237046063.jpg" alt="" class="wp-image-53534" style="width:612px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/12/GettyImages-1237046063.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/12/GettyImages-1237046063-300x217.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/12/GettyImages-1237046063-768x555.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">(Photo by Kyodo News via Getty Images)</figcaption></figure></div>


<p><strong>Independently owned grocery stores</strong>&nbsp;are&nbsp;<a href="https://www.forbes.com/sites/errolschweizer/2024/03/27/why-independent-grocers-are-pushing-for-better-antitrust-enforcement/">enthusiastic about recent FTC actions</a>&nbsp;that could start to level the industry playing field.</p>



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<h3 class="wp-block-heading"><a href="https://www.forbes.com/sites/daphneewingchow/2024/03/31/spread-the-word-here-are-the-biggest-trends-in-butter/"><strong>Spread The Word: Here Are The Biggest Trends In Butter</strong></a></h3>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="767" height="1024" src="https://cms.forbesafrica.com/wp-content/uploads/2021/12/Roasted-coffee-laid-out-for-a-cupping-tasting-session-767x1024.jpg" alt="" class="wp-image-53663" style="width:524px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/12/Roasted-coffee-laid-out-for-a-cupping-tasting-session-767x1024.jpg 767w, https://cms.forbesafrica.com/wp-content/uploads/2021/12/Roasted-coffee-laid-out-for-a-cupping-tasting-session-225x300.jpg 225w, https://cms.forbesafrica.com/wp-content/uploads/2021/12/Roasted-coffee-laid-out-for-a-cupping-tasting-session-768x1025.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/12/Roasted-coffee-laid-out-for-a-cupping-tasting-session.jpg 809w" sizes="(max-width: 767px) 100vw, 767px" /><figcaption class="wp-element-caption">Roasted coffee laid out for a cupping (tasting) session. </figcaption></figure></div>


<p>Social&nbsp;<strong>conversations about Butter have increased by 23.57%</strong>&nbsp;over the past year. Here are the&nbsp;<a href="https://www.forbes.com/sites/daphneewingchow/2024/03/31/spread-the-word-here-are-the-biggest-trends-in-butter/">trends driving butter&#8217;s growth</a>.</p>



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<h3 class="wp-block-heading"><a href="https://www.forbes.com/sites/daphneewingchow/2024/03/31/policy-makers-should-not-overlook-the-role-of-culture-in-food-security/"><strong>New Movement Emphasizes The Role Of Culture In Global Food Security</strong></a></h3>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="774" src="https://cms.forbesafrica.com/wp-content/uploads/2023/12/GettyImages-200530070-001-1024x774.jpg" alt="" class="wp-image-60561" style="width:496px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/12/GettyImages-200530070-001-1024x774.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/GettyImages-200530070-001-300x227.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/GettyImages-200530070-001-768x581.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/GettyImages-200530070-001-1536x1161.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/GettyImages-200530070-001.jpg 1991w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">(Getty Images)</figcaption></figure></div>


<p>With its&nbsp;<strong>focus on leveraging food culture as a catalyst for change</strong>, the&nbsp;<a href="https://www.forbes.com/sites/daphneewingchow/2024/03/31/policy-makers-should-not-overlook-the-role-of-culture-in-food-security/">Food Culture Alliance offers tangible pathways</a>&nbsp;toward achieving food security.</p>



<h3 class="wp-block-heading"><a href="https://www.forbes.com/sites/daveknox/2024/03/25/mls-journey-from-restaurant-success-to-cpg-triumph/"><strong>MìLà’s Journey From Restaurant Success To CPG Triumph</strong></a></h3>



<p>From its&nbsp;<strong>humble beginnings as a restaurant in 2018</strong>&nbsp;to its foray into the CPG realm,&nbsp;<a href="https://www.forbes.com/sites/daveknox/2024/03/25/mls-journey-from-restaurant-success-to-cpg-triumph/">MìLà&#8217;s unique approach</a>&nbsp;has captured the hearts and palates of a diverse audience.</p>



<h3 class="wp-block-heading"><a href="https://www.forbes.com/sites/errolschweizer/2024/03/24/why-austin-frerick-is-taking-on-the-grocery-barons/"><strong>Why Austin Frerick Is Taking On The Grocery Barons</strong></a></h3>



<p>Iowa-born antitrust scholar Austin Frerick has seen firsthand&nbsp;<strong>how consolidation has wrecked the American food system</strong>.&nbsp;<a href="https://www.forbes.com/sites/errolschweizer/2024/03/24/why-austin-frerick-is-taking-on-the-grocery-barons/">His crucial new book</a>&nbsp;shows how to fix it.</p>


Closeup shot of a man holding his hands under a stream of water outdoors

Fresh Take: Food And Water Access Under Attack


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Hundreds of content creators signed an open letter asking Meta to scrap a decision to curb the reach of “political content” on Instagram and Threads, amid concern the change could limit marginalized creators’ reach across the platforms.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>The&nbsp;<a href="https://accountabletech.org/wp-content/uploads/Open-Letter-to-Instagram.pdf" rel="noreferrer noopener" target="_blank">letter</a>, first reported on by the&nbsp;<a href="https://www.washingtonpost.com/technology/2024/04/10/politics-instagram-threads-limits/" rel="noreferrer noopener" target="_blank">Washington Post</a>, was organized by the groups Accountable Tech—a nonprofit that advocates for better regulation of Big Tech companies—and the LGBTQ+ advocacy group GLAAD, and includes the handles of more than 200 accounts, including popular accounts like the&nbsp;<a href="https://www.instagram.com/feminist/" rel="noreferrer noopener" target="_blank">@feminist</a>&nbsp;account, with which has 6 million followers on Instagram.</p>



<p>The signatories argue the&nbsp;<a href="https://about.instagram.com/blog/announcements/continuing-our-approach-to-political-content-on-instagram-and-threads/" rel="noreferrer noopener" target="_blank">policy</a>, announced in February, is “undermining the reach of our content online,” and is hurting efforts to “foster more inclusive and participatory democracy and society during a critical inflection point for our country.”</p>



<p>Forbes has contacted Meta for comment and did not immediately hear back—but Meta spokesperson Andy Stone told the Washington Post the change “expands on years of work on how we approach and treat political content based on what people have told us they wanted,” and Meta officials have previously<a href="https://deadline.com/2023/07/instagram-boss-politics-hard-news-not-pushed-threads-not-worth-scrutiny-negativity-integrity-risks-1235432486/" rel="noreferrer noopener" target="_blank">&nbsp;suggested</a>&nbsp;they believe Instagram and Threads should focus their content on other topics aside from politics or hard news.</p>



<p>With Meta’s definition of “political content” including “social topics,” creators are concerned the new policy could “limit the reach of individuals and organizations whose identities and/or advocacy have been rendered a ‘social topic’ in this country,” the letter states, singling out advocacy efforts on climate change, gun violence prevention and transgender rights.</p>



<p>The creators are calling for Meta to change the policy so that users could “opt-in” to limiting so-called political content, rather than by opting them out by default.</p>



<p>The decision comes as&nbsp;<a href="https://www.instagram.com/familyequality/p/C5ixsJeLnSk/" rel="noreferrer noopener" target="_blank">several</a>&nbsp;affected&nbsp;<a href="https://www.instagram.com/innercitystruggle/p/C486cuxv-jo/?img_index=1" rel="noreferrer noopener" target="_blank">accounts</a>&nbsp;have been raising concern that the policy could affect the reach of news about LGBTQ+ issues, and have been providing instructions for followers to turn off the new settings.</p>



<h2 class="wp-block-heading" id="h-how-has-the-policy-changed">HOW HAS THE POLICY CHANGED?</h2>



<p>In a February&nbsp;<a href="https://about.instagram.com/blog/announcements/continuing-our-approach-to-political-content-on-instagram-and-threads/" rel="noreferrer noopener" target="_blank">blog post</a>, Instagram said it will no longer “proactively recommend content about politics” from accounts users don’t follow across Instagram or Threads. Users who still want recommended posts on political content will be able to access an option to turn off limits in their content preferences. The policy applies to public accounts, and doesn’t change how users will see content from accounts they actively follow. Professional accounts can see whether their content is eligible to be recommended, and can request reviews if they disagree.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>The open letter comes as content creators in recent weeks have been voicing concern about Meta’s new approach and also about how LGBTQ+ issues are treated across the tech giant’s platforms. Last month,&nbsp;<a href="https://glaad.org/smsi/report-meta-fails-to-moderate-extreme-anti-trans-hate-across-facebook-instagram-and-threads/" rel="noreferrer noopener" target="_blank">GLAAD</a>&nbsp;released a report detailing how anti-transgender posts proliferated across the platforms despite policies aimed at preventing them, as LGBTQ+ creators have said that their own content is being limited by the policy, according to the Washington Post. Some creators have raised concern about how “political content” is defined, with Instagram influencer&nbsp;<a href="https://www.instagram.com/katiegrossbard/?hl=en" rel="noreferrer noopener" target="_blank">Katie Grossbard</a>&nbsp;telling&nbsp;<a href="https://www.nbcnews.com/tech/creators-reaction-meta-instagram-limiting-political-content-rcna144969" rel="noreferrer noopener" target="_blank">NBC News</a>&nbsp;last month: “This decision directly harms communities whose entire existence is political.”</p>



<p>PROMOTED</p>



<h2 class="wp-block-heading" id="h-contra">CONTRA</h2>



<p><a href="https://deadline.com/2023/07/instagram-boss-politics-hard-news-not-pushed-threads-not-worth-scrutiny-negativity-integrity-risks-1235432486/" rel="noreferrer noopener" target="_blank">Adam Mosseri,</a>&nbsp;Instagram’s head, has suggested he doesn’t see Instagram or Threads as being a central place for politics, writing on Threads that while “politics and hard news are important,” using them as a revenue source “is not at all worth the scrutiny, negativity (let’s be honest) or integrity risks that come along with them.”</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>16%. As the open letter points out, that’s the percentage of adults who say they regularly get news on Instagram, per a&nbsp;<a href="https://www.pewresearch.org/journalism/fact-sheet/social-media-and-news-fact-sheet/" rel="noreferrer noopener" target="_blank">Pew Research Poll</a>.</p>


INDIA-US-INTERNET-FACEBOOK

Creators Say Meta Shouldn’t Curb ‘Political Content’ In Policy Change Backlash


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Israeli Prime Minister Benjamin Netanyahu on Monday said Israel will be moving forward with a planned attack on the city of Rafah in the Gaza Strip despite pleas from the United States and other countries concerned for the 1 million civilians sheltering there.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>Netanyahu&nbsp;<a href="https://twitter.com/netanyahu/status/1777380259131789536" rel="noreferrer noopener" target="_blank">on Monday said</a>&nbsp;a victory against the militant group Hamas, which attacked Israel in October, &#8220;requires entry into Rafah and the elimination of the terrorist battalions there. It will happen &#8211; there is a date.”</p>



<p>The prime minister has&nbsp;<a href="https://www.forbes.com/sites/maryroeloffs/2024/02/09/israeli-prime-minister-orders-plan-to-evacuate-13-million-people-in-rafah/?sh=69e1c8e22e08">for months insisted</a>&nbsp;attacks in Rafah, a city in the southern Gaza strip, are necessary to eliminate Hamas and win the six-month war, but Western allies have warned against attacking the city that holds more than 1 million civilian refugees who have been driven from their homes.</p>



<p>Netanyahu’s announcement follows backlash from his far-right supporters after <a href="https://www.forbes.com/sites/zacharyfolk/2024/04/07/rafah-invasion-on-pause-israel-withdraws-most-troops-from-southern-gaza-heres-what-that-could-mean/?sh=5046a14124b2">Israel withdrew</a> most of its troops from southern Gaza on Sunday, a decision met with scrutiny and a threat from security minister Itamar Ben-Gvir <a href="https://www.ft.com/content/5b4fed42-cbb6-472d-8e3a-6249c6d9c6cb" target="_blank" rel="noreferrer noopener">warning</a> that if he didn’t launch a &#8220;large-scale offensive&#8221; in Rafah, Netanyahu &#8220;will not have a mandate to continue&#8221; as prime minister.</p>



<p>The United States has put increasing pressure on Netanyahu to not authorize a major military strike in Rafah—President Joe Biden weeks ago said to do so would be a “<a href="https://www.aljazeera.com/news/2024/3/18/biden-warns-netanyahu-against-mistake-of-invading-rafah-white-house" rel="noreferrer noopener" target="_blank">mistake</a>” and&nbsp;<a href="https://www.pbs.org/newshour/show/biden-warns-israel-to-protect-civilians-aid-workers-in-gaza-or-risk-losing-u-s-support#:~:text=Today%2C%20for%20the%20first%20time,the%20civilian%20suffering%20in%20Gaza." rel="noreferrer noopener" target="_blank">Thursday said</a>&nbsp;continued U.S. support for the war in Gaza would depend on how well Israel worked to protect civilians and aid workers.</p>



<p>Biden told Netanyahu that he needed to take “measurable” steps to ease &#8220;civilian harm, humanitarian suffering and the safety of aid workers” or risk losing the support of the United States, Israel&#8217;s closest ally.</p>



<p>About two-thirds of the entire population of the Gaza Strip (some 1.5 million people) was sheltering in Gaza as of two weeks ago with no safe way to evacuate, Deepmala Mahl of the humanitarian organization CARE International&nbsp;<a href="https://abcnews.go.com/International/israeli-invasion-rafah-palestinian-civilians/story?id=108395828#:~:text=With%20about%20two-thirds%20of,evacuate%20them%2C%22%20she%20said." rel="noreferrer noopener" target="_blank">told ABC News</a>&nbsp;while warning of a &#8220;terrible loss of life&#8221; if Israel&#8217;s military invades.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Netanyahu&#8217;s announcement comes one day after the six-month anniversary of an attack on Israel by Hamas that saw the group kill about 1,200 Israelis and take 253 hostages on Oct. 7. Twenty days later, Israel responded by carrying out attacks in Gaza that the territory’s&nbsp;<a href="https://www.barrons.com/news/health-ministry-in-hamas-run-gaza-says-war-death-toll-at-33-207-1c950825" rel="noreferrer noopener" target="_blank">health ministry says</a>&nbsp;have killed more than 33,000 people. In that time, more than 2.3 million residents of Gaza have been displaced, more than half of whom&nbsp;<a href="https://apnews.com/article/israel-hamas-war-news-02-09-2024-d3229eec6a85c071248d3ddc2de2a73e" rel="noreferrer noopener" target="_blank">sought shelter</a>&nbsp;in Rafah. Military operations in Rafah have been increasingly criticized by foreign governments and international organizations. The&nbsp;<a href="https://www.nrc.no/news/2024/february/gaza-israels-military-operation-in-rafah-would-be-fatal-for-displaced-civilians-and-humanitarian-aid/#:~:text=Any%20further%20deterioration%20in%20humanitarian,showers%2C%20or%20personal%20hygiene%20items." rel="noreferrer noopener" target="_blank">Norwegian Refugee Council</a>&nbsp;said an attack would &#8220;turn Rafah into a zone of bloodshed and destruction&#8221; and&nbsp;<a href="https://reliefweb.int/report/occupied-palestinian-territory/care-statement-grave-humanitarian-consequences-military-operation-rafah" rel="noreferrer noopener" target="_blank">CARE International&nbsp;</a>warned against &#8220;devastating consequences for civilians.&#8221; In addition to Biden&#8217;s concerns on behalf of the United States, more than two dozen countries in the&nbsp;<a href="https://abcnews.go.com/International/israeli-invasion-rafah-palestinian-civilians/story?id=108395828#:~:text=With%20about%20two-thirds%20of,evacuate%20them%2C%22%20she%20said." rel="noreferrer noopener" target="_blank">European Union</a>&nbsp;(all but Hungry) last month warned against what they called a &#8220;catastrophic&#8221; offensive plan in Rafah.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



<p>Continued negotiations in Cairo. Israel’s foreign minister Israel Katz on Monday told Israel’s Army Radio that the country has reached a &#8220;critical point&#8221; in its negotiations with Hamas over the safe return of 133 hostages still held in Gaza by the militant group. “I am more optimistic than I was,&#8221;&nbsp;<a href="https://www.ft.com/content/5b4fed42-cbb6-472d-8e3a-6249c6d9c6cb" rel="noreferrer noopener" target="_blank">he reportedly said</a>, &#8220;but we can’t promise things when dealing with Hamas.” Netanyahu&#8217;s&nbsp;<a href="https://twitter.com/netanyahu/status/1777380259131789536" rel="noreferrer noopener" target="_blank">statement</a>&nbsp;Monday also referenced the talks in Cairo, saying &#8220;we are working all the time to achieve our goals, primarily the release of all our hostages and achieving a complete victory over Hamas.&#8221;</p>


Destruction in Khan Yunis after Israel’s withdrawal

Israel Moving Ahead With Plan To Attack Rafah: ’There Is A Date,’ Netanyahu Says

World Economic Forum 2024: OpenAI CEO Sam Altman

OpenAI Made Sam Altman Famous. His Investments Made Him A Billionaire.


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>A total of 322 trucks carrying humanitarian aid entered Gaza on Sunday—the most in a single day since the war began—the Israeli Ministry of Defense confirmed on Sunday, as Israel faces increased scrutiny over its treatment of aid workers that has resulted in over 200 deaths so far.</p>



<h2 class="wp-block-heading">KEY FACTS</h2>



<p>A total of 228 of the trucks that crossed into Gaza on Sunday were carrying food, said the Coordinator of Government Activities in the Territories in a&nbsp;<a href="https://twitter.com/cogatonline/status/1777030931280167407?s=46&amp;t=XMT4bHReB9TWcV5q_r0pFw" rel="noreferrer noopener" target="_blank">statement</a>&nbsp;on social media, the Israeli Ministry of Defense’s department that handles humanitarian aid shipments.</p>



<p>The rapid increase in aid deliveries follows increased scrutiny on the process after&nbsp;<a href="https://www.forbes.com/sites/caileygleeson/2024/04/02/netanyahu-says-israel-deeply-regrets-strike-that-killed-7-aid-workers-what-we-know-about-victims/?sh=3d7d6d9275fb">seven aid workers</a>&nbsp;with World Conflict Kitchen were killed in Israeli air strikes on Monday.</p>



<p>One of the seven international aid workers was an American citizen, prompting the White House to call for “specific, concrete, and measurable steps to address civilian harm, humanitarian suffering, and the safety of aid workers.”</p>



<p>Following a tense conversation with President Biden on Thursday, Israel reopened the Erez Crossing, the large border entry between northern Gaza and Israel, and announced it would allow aid shipments to flow through the port of Ashdod.</p>



<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>The increased pressure to protect international aid workers comes after the Israeli government apologized for the deaths of the seven World Conflict Kitchen workers on Monday. After an&nbsp;<a href="https://www.forbes.com/sites/roberthart/2024/04/05/idf-fires-senior-officers-after-deadly-strike-on-aid-workers-as-it-blames-mistaken-identification/?sh=7cb8b7f7ae7f">IDF investigation</a>, the Israeli military called the attack a “grave mistake stemming from a serious failure due to a mistaken identification,” and dismissed two senior officers over the strike. Prime Minister Benjamin Netanyahu also&nbsp;<a href="https://twitter.com/netanyahu/status/1775214347519660112" rel="noreferrer noopener" target="_blank">apologized</a>, adding that “we will do everything in our power to ensure that such tragedies do not occur in the future.” José Andrés, the celebrity chef and founder of World Conflict Kitchen, told&nbsp;<a href="https://abcnews.go.com/Politics/week-transcript-4-7-24-chef-jos-andrs/story?id=108949216" rel="noreferrer noopener" target="_blank">ABC News’s</a>&nbsp;Martha Raddatz the attack was “unforgivable” and called for Israel to face “a real reckoning on how they conduct war.” Andres thanked Israeli military for releasing the results of the investigation so quickly, but also called for an independent investigation into the attack. “The perpetrator cannot be investigating himself,” Andrés said.</p>



<h2 class="wp-block-heading">BIG NUMBER</h2>



<p>More than 220. That’s how many international aid workers have been killed in Gaza since the war began on Oct. 7, according to the most recent&nbsp;<a href="https://news.un.org/en/story/2024/04/1148276" rel="noreferrer noopener" target="_blank">U.N. estimates</a>. Speaking on Friday, U.N. Secretary-General Antonio Guterres called for an independent investigation into the other deaths. “We want to know why each one of them was killed,”&nbsp;<a href="https://www.theguardian.com/world/video/2024/apr/05/we-want-to-know-why-un-chief-questions-israel-on-196-aid-workers-killed-in-gaza-video" rel="noreferrer noopener" target="_blank">Guterres demanded</a>&nbsp;after a meeting of the U.N. Security Council.</p>



<h2 class="wp-block-heading">TANGENT</h2>



<p>Although a record number of aid trucks entered Gaza on Sunday, aid shipments have faced other issues making it into the besieged territory during the war. In February, a group of&nbsp;<a href="https://www.washingtonpost.com/world/2024/02/10/gaza-aid-blockade-protest-kerem-shalom/" rel="noreferrer noopener" target="_blank">far-right Israeli activists</a>&nbsp;camped out in front of aid convoys attempting to enter Gaza through the Kerem Shalom Crossing. Aid shipments have also been threatened by members of Netanyahu’s government. Finance Minister Bezalel Smotrich, a far-right member of Netanyahu’s coalition,&nbsp;<a href="https://www.axios.com/2024/02/13/israel-gaza-flour-shipment" rel="noreferrer noopener" target="_blank">intervened to block</a>&nbsp;a shipment of flour bound for Gaza from the U.S.</p>


Humanitarian aid trucks at Rafah Border Crossing

Largest Aid Convoy Enters Gaza Since War Began Amid Mounting Pressure On Israel


<p>The number of annual prostate cancer diagnoses is expected to roughly double by 2040, according to a study published Thursday in The Lancet medical journal, with the number of annual deaths attributable to the disease expected to rise by 85% in the same amount of time—an increase driven by lower-income countries.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>Scientists at the London Institute of Cancer Research predict there will be 2.9 million annual cases of prostate cancer around the world by 2040, more than twice as many as the 1.4 million cases seen in 2020, with the increase expected to be most prominent among men in low- and middle-income countries.</p>



<p>Subsequently, researchers estimate deaths due to the disease will rise to almost 700,000 per year in 2040, up from the 375,000 in 2020.</p>



<p>While prostate cancer deaths have declined in most high-income countries over the last 30 years, mortality rates and the number of cases continue to rise in low- and middle-income countries, particularly those without access to early blood detection screening called PSA testing.</p>



<p>The study suggests that even in high-income countries, men at high risk—like those with family history, those of African descent and those with the BRACA2 gene mutation—be screened for the cancer early using PSA testing and MRI scans.</p>



<p>Researchers warn lifestyle changes and public health interventions will do little to stop the rise in cases as the main risk factors for the disease—being a man over 50 and having a family history of prostate cancer—are unavoidable.</p>



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



<p>“As more and more men around the world live to middle and old age, there will be an inevitable rise in the number of prostate cancer cases,&#8221; lead author Dr. Nick James said in a statement. &#8220;We know this surge in cases is coming, so we need to start planning and take action now.&#8221;</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Prostate cancer is already responsible for 15% of all male cancers, and is the most common form of cancer in men in more than half of countries around the world, the Lancet study said. It is possible for women to be diagnosed with prostate cancer, but&nbsp;<a href="https://www.baptisthealth.com/blog/womens-care/can-women-have-prostate-cancer#:~:text=Women%20can%20develop%20cancer%20in,0.003%25%20of%20all%20genital%20cancers." rel="noreferrer noopener" target="_blank">studies have suggested</a>&nbsp;as few as 0.003% of cases are found in women. There is no cure for metastatic prostate cancer, but many cases&nbsp;<a href="https://www.cancer.net/cancer-types/prostate-cancer/types-treatment#:~:text=There%20is%20no%20cure%20for,that%20extend%20life%20even%20further." rel="noreferrer noopener" target="_blank">are treatable</a>&nbsp;and, if discovered early, it&#8217;s not uncommon for patients to outlive the disease. Those diagnosed within the first three stages are likely to be cancer-free after five years, according to&nbsp;<a href="https://www.hopkinsmedicine.org/health/conditions-and-diseases/prostate-cancer/prostate-cancer-prognosis#:~:text=High%20Cure%20Rates%20for%20Local,disease%2Dfree%20after%20five%20years." rel="noreferrer noopener" target="_blank">John Hopkins Medicine</a>, but there is little that can be medically done for the cancer in&nbsp;<a href="https://www.mayoclinic.org/diseases-conditions/stage-4-prostate-cancer/diagnosis-treatment/drc-20377972" rel="noreferrer noopener" target="_blank">late stage</a>. Johns Hopkins estimates 80 to 85% of all prostate cancers are found early, but cases found late have an average five-year survival rate of only 28%. Because of the importance of early detection, countries with less access to screenings have a higher rate of prostate cancer and deaths among residents. While prostate cancer rates are highest in countries including Ireland, Sweden and France, deaths rates from the disease are highest in the lower-income and predominantly Black nations of Zimbabwe, Barbados, Haiti and Zambia, according to the&nbsp;<a href="https://www.wcrf.org/cancer-trends/prostate-cancer-statistics/" rel="noreferrer noopener" target="_blank">World Cancer Research Fund</a>. Most prostate cancer research, however, is done on white men, the Lancet study reports, while also placing an emphasis on the need for more research involving patients of different ethnicities, especially those of West African descent.</p>



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



<p>A number of high-profile celebrities have publicly shared their journeys with prostate cancer. British actor&nbsp;<a href="http://abcnews.go.com/blogs/health/2012/12/12/ian-mckellen-diagnosed-with-early-stage-prostate-cancer-years-ago#:~:text=Doctors%20diagnosed%20Sir%20Ian%20McKellen,%2C%22%20according%20to%20the%20site." rel="noreferrer noopener" target="_blank">Sir Ian McKellen</a>, now 84, said he was given an early stage prostate cancer diagnosis in 2005 or 2006.&nbsp;<a href="https://abcnews.go.com/Entertainment/story?id=101017&amp;page=1" rel="noreferrer noopener" target="_blank">Robert De Niro</a>, now 80, was diagnosed with prostate cancer in 2003 at age 60 and went on to make a full recovery. Other public figures who&#8217;ve shared their diagnosis include former Secretary of State&nbsp;<a href="https://www.nytimes.com/2003/02/12/us/kerry-to-undergo-surgery-for-prostate-cancer-today.html" rel="noreferrer noopener" target="_blank">John Kerry,</a>&nbsp;former New York City Mayor&nbsp;<a href="https://www.nytimes.com/2000/09/15/nyregion/giuliani-undergoes-implant-to-treat-his-prostate-cancer.html" rel="noreferrer noopener" target="_blank">Rudy Giuliani</a>, actor&nbsp;<a href="https://www.nola.com/entertainment_life/yourbestlife/cancer_and_you/comedian-and-actor-ben-stiller-brought-attention-to-early-screening-for-prostate-cancer/article_10b7ed1c-5fb1-11ee-b555-7fdb3fd50b39.html#:~:text=His%20doctor%20ordered%20a%20follow,to%20have%20this%20test%20done." rel="noreferrer noopener" target="_blank">Ben Stiller</a>&nbsp;and billionaire&nbsp;<a href="https://www.cnbc.com/2012/09/14/warren-buffett-completes-prostate-cancer-treatments.html#:~:text=In%20April%2C%20he%20announced%20that,debilitating%20in%20any%20meaningful%20way.%22" rel="noreferrer noopener" target="_blank">Warren Buffet</a>. Buckingham Palace has confirmed that King Charles of England does not have prostate cancer, but has not shared what type of cancer he&nbsp;<a href="https://www.forbes.com/sites/zacharyfolk/2024/02/05/king-charles-diagnosed-with-cancer-after-hospital-stay/">was diagnosed with</a>&nbsp;earlier this year. The health discovery came after the monarch was treated for an enlarged prostate. His daughter-in-law and the future Queen,&nbsp;<a href="https://www.forbes.com/sites/maryroeloffs/2024/03/22/kate-middleton-cancer-diagnosis-prince-william-rose-hanbury-denies-rumors/">Kate Middleton</a>, also shared she has been diagnosed with cancer, but did not specify a type.</p>


Radiologist consoling a senior patient at MRI scan.

Worldwide Prostate Cancer Cases Will Double By 2040, New Study Predicts—Here’s Why


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Global life expectancy rose by 6.2 years between 1990 and 2021, driven by reductions in deaths from diarrhea, lower respiratory infections, stroke and ischemic heart disease—but the world faced significant setbacks due to the Covid-19 pandemic, according to a&nbsp;<a href="https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(24)00367-2/fulltext" rel="noreferrer noopener" target="_blank">new study</a>&nbsp;by the Lancet.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>The leading causes of death worldwide remained consistent from 1990 to 2019—with ischemic heart disease, stroke, chronic obstructive pulmonary disease and lower respiratory infections topping the list—with global life expectancy improving in that time period thanks in part to annual reductions in deaths from all causes ranging from .9% to 2.4%.</p>



<p>The Covid-19 pandemic hampered progress, with pandemic-related mortality causing a net reduction in life expectancy of 1.6 years between 2019 and 2021 and Covid-19 becoming the second-leading cause of death—the first major shakeup of the rankings in decades.</p>



<p>Changes in life expectancy varied significantly by region, the study found—the so-called super-region consisting of Southeast Asia, East Asia and Oceania saw the greatest net gain in life expectancy from 1990 and 2021, rising by 8.3 years due to big drops in mortality from chronic respiratory diseases, stroke, lower respiratory infections and cancer, with “strong management” of the pandemic curbing life expectancy losses due to Covid-19 to just .4 years between 2019 and 2021.</p>



<p>Reductions in deaths from enteric diseases—which include diarrhea and typhoid—significantly contributed to improvements in life expectancy, estimated to contribute an overall increase of 1.1 years globally.</p>



<p>Control of mortality due to diarrheal disease contributed to significant gains in life expectancy in the super region of South Asia, which had the second-highest increase among super regions in life expectancy with 7.8 years, and in Eastern sub-Saharan Africa, which had the highest increase in life expectancy of any local region with 10.7 years.</p>



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



<p>“On one hand, we see countries’ monumental achievements in preventing deaths from diarrhea and stroke,” said Dr. Liane Ong of the Institute for Health Metrics and Evaluations, one of the authors of the study, in a statement. “At the same time, we see how much the Covid-19 pandemic has set us back.”</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>31.5%. That’s how much the age-standardized mortality rate for ischemic heart disease, the leading cause of death worldwide, dropped between 1990 and 2021. The rate in 2021 was 108.7, with Covid-19 the second-leading cause of death at 94.0.</p>



<h2 class="wp-block-heading" id="h-surprising-fact">SURPRISING FACT</h2>



<p>The largest decline in life expectancy due to Covid-19 was in Latin America and the Caribbean, where it caused a 3.6-year reduction.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>The study is the first of its kind to compare deaths from Covid-19 to other leading causes of death, according to the authors. It notes Covid-19 may have had indirect effects on mortality rates as well, with physical distancing measures affecting mortality for other diseases, and deferred care-seeking leading to pandemic-related deaths not attributable directly to Covid-19. Another <a href="https://www.forbes.com/sites/maryroeloffs/2024/03/12/covid-lowered-global-life-expectancy-more-than-previously-thought-new-study-suggests/?sh=17845fa6576b">study</a> published by the Lancet earlier this month previously found the global life expectancy dropped by 1.6 years due to the pandemic, with the United States seeing the highest excess mortality rate when compared to similar high-wealth nations.<a href="https://www.forbes.com/sites/jamesfarrell/"></a></p>


Researcher working in a biochemist laboratory

Global Life Expectancy Increased Between 1990 And 2021, But Pandemic Stalled Progress


<p><strong>A record year for ten-figure wealth has left the billionaire class bigger and richer than ever.</strong></p>



<p class="has-drop-cap">What a year it’s been for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation. There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They’re richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021. </p>



<p>Two-thirds of the list’s members are worth more than a year ago; only one fourth are poorer. Much of the gains come from the top 20, who added a combined $700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined $5.7 trillion. China remains second, with 473 (including Hong Kong) worth $1.7 trillion, despite weak consumer spending and a real estate bust that helped wipe out some $300 billion in wealth. India, which has 200 billionaires (also a record), ranks third. </p>



<p>To calculate net worths, we used stock prices and exchange rates from March 8, 2024. See below for the full list of the world’s billionaires and our methodology. For daily updated net worths of all 2,781 billionaires, check out our&nbsp;<a href="http://forbes.com/real-time-billionaires/" target="_blank" rel="noreferrer noopener">real-time billionaires rankings</a>.</p>


Most Attractive Youtube Thumbnail (10)

FORBES WORLD’S BILLIONAIRES LIST: The Richest in 2024


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Microsoft will split up its workplace messaging and video calls app Teams from its Office platform globally, the company told&nbsp;<a href="https://www.reuters.com/technology/microsoft-separate-teams-office-globally-amid-antitrust-scrutiny-2024-04-01/" rel="noreferrer noopener" target="_blank">Reuters</a>&nbsp;early on Monday, mirroring a move it undertook in the European Union last year as it attempts to avoid being penalized by the bloc’s antitrust regulators.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>In August last year, Microsoft announced it would unbundle Teams from its Microsoft 365 subscription—which includes its Office suite of productivity software like Word, Excel and PowerPoint—in the EU and offer the messaging service as a standalone subscription.</p>



<p>The tech giant&nbsp;<a href="https://www.reuters.com/technology/microsoft-separate-teams-office-globally-amid-antitrust-scrutiny-2024-04-01/" rel="noreferrer noopener" target="_blank">told</a>&nbsp;Reuters Monday it will enact the change for all its customers worldwide “to ensure clarity,” and businesses can now choose slightly cheaper Microsoft 365 plans without Teams.</p>



<p>The company said its decision was based on feedback from the European Commission to help global companies “standardize their purchasing across geographies.”</p>



<p>Forbes has reached out to Microsoft for a comment.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>The European Commission, the EU’s executive arm,&nbsp;<a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_23_3991" rel="noreferrer noopener" target="_blank">opened</a>&nbsp;an antitrust investigation into Microsoft in July last year. The commission said the investigation intended to assess whether the company “breached EU competition rules by tying or bundling its communication and collaboration product Teams to its popular suites for businesses Office 365 and Microsoft 365.” The executive body expressed concerns about Microsoft “abusing” the market dominance of its Office productivity software to restrict competition for “communication and collaboration products.” The investigation followed a complaint filed against Microsoft and Teams by its rival messaging platform Slack. Microsoft&nbsp;<a href="https://blogs.microsoft.com/eupolicy/2023/08/31/european-competition-teams-office-microsoft-365/#:~:text=First%2C%20beginning%20October%201%2C%202023,or%20%E2%82%AC24%20per%20year)." rel="noreferrer noopener" target="_blank">responded</a>&nbsp;by unbundling Teams from its office productivity suite for EU customers in August. At the time, the company said it was taking “meaningful steps” to address the commission’s concerns and had gained clarity “from extensive and constructive discussions” with the executive body.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



<p>It is unclear if Microsoft’s latest actions are enough to fend off an antitrust fine from the EU. The commission had particularly expressed concern that Microsoft was giving Teams a “distribution advantage” over rivals by “not giving customers the choice” on whether they want to include Teams in their Office subscription. The unbundling will likely assuage that issue, but the commission had also raised a red flag about Microsoft possibly limiting “interoperability between its productivity suites” and rival messaging apps. If the investigators are unsatisfied with the remedies and find Microsoft guilty of antitrust breaches, the company could face fines as high as 10% of its global annual turnover.</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>$2.37 billion (€2.2 billion). That is the quantum of antitrust fines Microsoft has faced in the European Union in the past decade, the Reuters report added.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.reuters.com/technology/microsoft-separate-teams-office-globally-amid-antitrust-scrutiny-2024-04-01/" target="_blank" rel="noreferrer noopener">Microsoft to separate Teams and Office globally amid antitrust scrutiny</a> (Reuters)</p>


Microsoft Services Down For Tens Of Thousands Around World

Microsoft Unbundles Teams From Office Suite In A Bid To Address Antitrust Probe


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Altimmune’s experimental weight loss drug pemvidutide minimized the loss of muscle mass while losing weight, mimicking the effects of diet and exercise, according to the results of a small trial by the company, amid efforts by biotech firms to study how increasingly popular weight-loss drugs can maintain muscle mass.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>In a mid-stage trial of pemvidutide, 74.5% of weight loss among 391 participants came from fat tissue while only 25.5% came from lean mass, results that are comparable to the effects “historically associated with diet and exercise,” Altimmune&nbsp;<a href="https://ir.altimmune.com/news-releases/news-release-details/altimmune-announces-positive-lean-mass-preservation-data" rel="noreferrer noopener" target="_blank">announced</a>&nbsp;Wednesday.</p>



<p>The drug pemvidutide combines the GLP-1 hormone—a key ingredient in Ozempic and Wegovy—with the hormone glucagon, a pairing the company is also testing to treat a common form of liver disease called metabolic dysfunction-associated steatohepatitis, or MASH.</p>



<p>Over 30% of participants using a 2.4-milligram dose of pemvidutide achieved a 20% weight loss through a 48-week trial of the drug, Altimmune&nbsp;<a href="https://ir.altimmune.com/news-releases/news-release-details/altimmune-announces-positive-topline-results-momentum-48-week" rel="noreferrer noopener" target="_blank">announced</a>&nbsp;in November.</p>



<p>The Food and Drug Administration announced last year it would fast-track its evaluation of pemvidutide for treating nonalcoholic steatohepatitis, or NASH, a severe form of nonalcoholic fatty liver disease, after more than half of the 190 participants in a&nbsp;<a href="https://altimmune.com/pemvidutide/" rel="noreferrer noopener" target="_blank">trial</a>&nbsp;had their liver fat content reduced to a normal level after 12 weeks.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Other popular weight-loss drugs have been studied for their ability to maintain muscle mass while helping patients lose weight. During a 68-week&nbsp;<a href="https://www.nejm.org/doi/suppl/10.1056/NEJMoa2032183/suppl_file/nejmoa2032183_appendix.pdf" rel="noreferrer noopener" target="_blank">trial</a>&nbsp;of semaglutide, the active ingredient in Ozempic and Wegovy, over 1,300 participants using the drug lost an average of nearly 15 pounds of lean muscle and 23 pounds of fat. BioAge Labs&nbsp;<a href="https://www.businesswire.com/news/home/20231026896677/en/BioAge-Labs-Announces-Plans-for-Phase-2-Trial-of-First-in-Class-Apelin-Receptor-Agonist-BGE-105Azelaprag-Co-Administered-With-Tirzepatide-for-Treatment-of-Obesity-in-Collaboration-With-Lilly%E2%80%99s-Chorus-Organization" rel="noreferrer noopener" target="_blank">announced</a>&nbsp;last year it would be testing its muscle loss drug azelaprag with Mounjaro to treat obesity, after an early trial indicated azelaprag could help prevent muscle atrophy.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



<p>Additional data from Altimmune’s mid-stage trial will be presented at an unspecified upcoming event, the company said. Results from a study involving pemvidutide’s treatment of MASH are expected in the first quarter of 2025.</p>


Author: Forbes

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