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Category: finance – Page 59

A researcher at the University of Houston College of Pharmacy is reporting an effective protocol for reprogramming human heart cells into specialized cells that conduct electricity throughout the heart to enable rhythmic heartbeat and repair diseased hearts. Bradley McConnell, professor of pharmacology, is the first to demonstrate the process and is reporting it in iScience.

It could be a massive breakthrough.

Currently, there are no treatments for cardiac cell death, the underlying basis of cardiovascular disease (CVD), which remains the leading cause of death globally. By 2035, CVD prevalence is expected to increase to 45.1% (more than 130 million people) in the U.S. while the financial cost is projected to increase by more than $131 million over the next two decades, reaching an astounding $1.1 trillion.

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Tesla (NASDAQ: TSLA) may be slowly making its way toward Ark Invest’s Golden Goose scenario, which involves a $22,000 price target pre-split.

At the beginning of 2020, ARK Invest released its updated TSLA valuation based on new research it had collected at the time. ARK analysts described ten difference scenarios Tesla could take leading up to 2024 and gave each one a price target.

Tesla seems to be on track to hit the scenario ARK Invest labeled “The High Functioning EV Company” which has a price target of $3,400. Keep in mind that ARK released these estimates before Tesla announced the stock split. In this scenario, Tesla manages to lower costs and build factories efficiently, but doesn’t launch its autonomous network.

Esla has managed to reduce costs further this year and could continue to do so in the coming years. In the third-quarter earnings call, CFO Zachary Kirkhorn stated that Tesla would continue to reduce manufacturing and operational costs in the future.

“We are also seeing benefits from the ongoing upward trend of locally built and delivered cars, which has increased from under 50% at the beginning of last year to over 70% most recently, which is a core component of our cost reduction strategy,” he added.

Gigafactory Shanghai showed that Tesla could build factories efficiently.

Tesla China has been an integral part of the company’s profitable quarters this year. The construction of Giga Berlin and Giga Texas are not moving at quite the same speed as Giga Shanghai. However, Tesla has stated that the construction of Gigafactory Berlin and Texas are on schedule and could still start production by 2021. — Adam (@AdamHoov) November 26, 2020 These numbers don’t seem so crazy anymore (we’re at $2875 post split) $tsla @ARKInvest pic.twitter.com/PFkJMaOOvF

Continue reading “New York Leads World’s Most Innovative Cities” | >

Scientists at Northwestern University say they may have found a breakthrough treatment for reversing paralysis in humans after successfully administering a new injectable therapy in mice.

#News #Reuters #Science #U.S. #Spine.

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That is the claim of Ron Baron, who invested 6.7 billion in Tesla.

Baron Capital one of the largest and well respected of all the financial firms, held a live event for investors this year. This was the first live event for the firm since 2019, and it was held at the Metropolitan Opera House in New York City. The main guest was Elon Musk, CEO of Tesla. The focus was Tesla will become the most profitable company in the world.

There were 5,000 investors present at the event, and they all had a chance to hear where the Tesla CEO thinks the company is going in the future.

Getty Images.

Ron Baron, owner of Baron Capital, interviewed the celebrity billionaire, and Baron is bullish on Tesla. Baron Capital has 19 funds, totaling approximately $40 billion in assets. Many of these funds are heavily invested in Tesla.

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Google has removed two new malicious dropper apps that have been detected on the Play Store for Android, one of which posed as a lifestyle app and was caught distributing the Xenomorph banking malware.

“Xenomorph is a trojan that steals credentials from banking applications on users’ devices,” Zscaler ThreatLabz researchers Himanshu Sharma and Viral Gandhi said in an analysis published Thursday.

“It is also capable of intercepting users’ SMS messages and notifications, enabling it to steal one-time passwords and multi-factor authentication requests.”

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Longevity is not yet considered an official medical term, and aging is not officially considered a disease but a natural occurrence in every living thing.

However, some biologists, researchers and practicing doctors believe this approach should change, and they are striving to discover the mechanisms of aging in humans. In doing so, they are creating age clocks by defining biomarkers for measuring biological age, exploring the best lifestyle habits and natural supplements, and inventing new drugs that could stop us from getting older.

Longevity has been on the radar of crypto leaders for some time already, which is not a surprise given that the industry promises to improve humankind through innovation. Indeed, one prominent event in the longevity industry, the Longevity Investors Conference, is organized by Marc P. Bernegger and Tobias Reichmuth, who were previously involved with the Crypto Finance Group.

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The embattled company finally declares its insolvency.

The head of the FTX cryptocurrency platform Sam Bankman-Fried has officially declared the company bankrupt and resigned from his position in a statement. FTX in a not-surprising move has finally declared its insolvency. After a long stretch of financial difficulties, after having saved many other cryptocurrency companies.

The company had been doling out Bitcoin at a rapid rate and found itself in trouble earlier this year. The head of the company, Sam Bankman-Fried had made headlines by saying he would give away his billions to help other cryptocurrency companies.

Bitcoin, who lost millions on FTX’s bid to be bought by Binance as their decision-makers decided not to bail out the company when it began to flounder.

Getty Images.

FTX in a not-surprising move has finally declared its insolvency. After a long stretch of financial difficulties, after having saved many other cryptocurrency companies.

Continue reading “FTX cryptocurrency platform goes bankrupt and Bankman-Fried resigns” | >

Similar to a mouse racing through a maze, making “yes” or “no” decisions at every intersection, researchers have developed a way for machines to swiftly learn all the twists and turns in a complex data system.

“Our method may help improve the diagnosis of urinary diseases, the imaging of cardiac conditions and analysis of financial risks,” reported Abd-AlRahman Rasheed AlMomani of Embry-Riddle Aeronautical University’s Prescott, Arizona, campus.

The research was accepted for the Nov. 11 edition of the journal Patterns with Jie Sun and Erik Bollt of Clarkson University’s Center for Complex Systems Science. The goal of the work is to more efficiently analyze binary (“Boolean”) data.

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SAN FRANCISCO — Two weeks after closing a $44 billion deal to buy Twitter, Elon Musk painted a bleak financial picture for the social media company and outlined a series of changes for employees in his first companywide emails to staff.

In two emails sent to workers late on Wednesday, Mr. Musk said the economy was challenging. He added that he planned to end Twitter’s remote work policy and wanted employees to renew their focus on generating revenue and fighting spam.

“Sorry that this is my first email to the company, but there is no way to sugarcoat the message,” Mr. Musk, 51, wrote in one email. “The economic picture ahead is dire.” Twitter was too heavily dependent on advertising and vulnerable to pullbacks in brand spending, he added, and would need to bolster the revenue it gets from subscriptions.

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Five malicious dropper Android apps with over 130,000 cumulative installations have been discovered on the Google Play Store distributing banking trojans like SharkBot and Vultur, which are capable of stealing financial data and performing on-device fraud.

“These droppers continue the unstopping evolution of malicious apps sneaking to the official store,” Dutch mobile security firm ThreatFabric told The Hacker News in a statement.

“This evolution includes following newly introduced policies and masquerading as file managers and overcoming limitations by side-loading the malicious payload through the web browser.”

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