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Share to Twitter Share to Linkedin Topline Xylazine-laced fentanyl has been found in 48 states, creating what experts call the “deadliest drug” in the U.S., which results in side effects like necrosis, amnesia, blurred vision and death. Key Facts The Drug Enforcement Administration issued a warning Monday about the widespread threat of fentanyl mixed with xylazine, a powerful sedative approved by the Food and Drug Administration for use in animals. The DEA confiscated fentanyl and xylazine mixtures from 48 out of 50 states and in 2022, about 22% of fentanyl powder and 7% of fentanyl pills the DEA seized were laced with xylazine. Xylazine , also known as “tranq,” is a veterinary tranquilizer and central nervous system depressant that can cause slow breathing, amnesia and drowsiness—it is not approved for use in humans. The DEA alert states the Mexican Sinaloa Cartel and Jalisco Cartel’s chemicals, which are mainly sourced from … [Read more...] about The ‘Deadliest Drug’ In America Explained: How Xylazine—An Animal Tranquilizer— Is Getting Mixed With Fentanyl

Share to Twitter Share to Linkedin Topline Cryptocurrency exchange Coinbase announced Wednesday it received a notice from the Securities and Exchange Commission warning that regulators have identified possible violations of securities law, in the latest legal snarl for the crypto giant. Key Facts Coinbase attorney Paul Grewal said in a blog post the SEC sent the company a “Wells notice” warning it of possible violations that could lead to charges, but offered “little more” information, other than telling the company the infractions may involve “an undefined portion of our listed digital assets, our staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.” Grewal said Coinbase “prepared for this disappointing outcome,” but will continue to operate as normal. Grewal added, “we are very confident in the way we run our business,” while blasting the SEC for a so-called lack of transparency and criticizing regulation of crypto … [Read more...] about Coinbase Crypto Exchange Faces Possible SEC Charges, Company Says

The U.S. Supreme Court presided over its first crypto case this morning as Justices heard an appeal from Coinbase ( COIN ) to pause class action lawsuits. Key Takeaways The U.S. Supreme Court heard arguments in the Coinbase v. Bielski case. The crypto exchange wants to take the dispute to arbitration. Justices, including conservative Chief Justice John Roberts, were divided on the initial comments. The hour-long oral arguments focused on San Francisco-based Coinbase's attempts to pause two class action lawsuits and bring them to arbitration. Justices were divided about the crypto exchange's case. Abraham Bielski claims Coinbase broke the law after it failed to reimburse him for $31,000 he lost to a scam involving a person falsely claiming to represent PayPal who he allowed into his Coinbase account. The Supreme Court will also hear arguments in the Suski v. Coinbase case, in which the exchange is accused of being misleading in its advertising of a Dogecoin … [Read more...] about First Crypto Lawsuit Reaches U.S. Supreme Court

“The age of AI is upon us.” This is a bullish quote from Microsoft’s CEO and chairman Satya Nadella during the company’s most recent earnings call. It certainly feels this way as recent hype around the public release of ChatGPT reinvigorated discussions around AI in the mainstream. This is not the first, nor will it be the last, time we question the impact of AI on jobs, businesses, and the world-at-large. A recent PWC survey on AI found that 52% of companies accelerated their AI adoption plans in the last year, while IDC forecasts worldwide spending on AI is expected to surpass $300 billion by 2026. To understand this face-paced growth of AI, let’s first talk about what the technology actually does. At its most basic level, AI is the simulation of human intelligence processes by machines. It allows computers to learn, reason, and make decisions just like humans do, but at a scale and speed that is impossible for us to match. The combination of advances in … [Read more...] about How to be a leader in an AI-powered world

Stress and anxiety are a part of life. You experience these emotions when there is some looming threat or calamity that must be avoided and you have not yet successfully solved or even tackled the problem. Often when you’re feeling stress you know the reason. There’s a deadline, an issue with a client or customer, or some other significant problem that needs to be solved. Sometimes, though, you just feel a wave of anxiety come on, and it isn’t clear that it is directed at anything in particular. This kind of anxiety can make it hard to get any work done, because it tends to narrow your focus, decrease the amount of information you hold in mind, and amp up your energy to the point where you can’t sit still anymore. It might also lead you to ruminate —that is, to engage in a cycle of negative thoughts. When that happens, here are three things you can do to get some relief: 1. Deal with the energy When stress makes you less productive, it is probably because you … [Read more...] about 3 productive ways to relieve midday anxiety

MANILA, Philippines  – Three of the largest export trade associations in the country are urging the government to make good on its promise to resolve the issues concerning their zero value-added tax (VAT) rating incentive, saying they are still awaiting resolution less than two weeks before the given time. A joint statement released by the IT and Business Process Association of the Philippines (IBPAP), Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI), and the Confederation Wearables Exporters of the Philippines (CONWEP) said that a solution has been promised by the end of the month, which also coincides with the end of the first taxable quarter. “The understanding of the sectors is that most of the government agencies involved in resolving the issue believe that there is clear basis for all purchases of exporters to be without the 12 percent VAT, given that this is not only allowed by the rules but is more importantly critical in ensuring that the … [Read more...] about PH exporters urged gov’t to address VAT exemption issue

STOCKHOLM/LONDON  – Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months. The draft needs to be thrashed out between EU countries and EU lawmakers, called a trilogue, before the rules can become law. Several lawmakers had expected to reach a consensus on the 108-page bill last month in a meeting in Strasbourg, France and proceed to a trilogue in the next few months. But a 5-hour meeting on Feb 13 resulted in no resolution and lawmakers are at loggerheads over various facets of the Act, according to three sources familiar with the discussions. While the industry expects … [Read more...] about As AI booms, EU lawmakers wrangle over new rules

The Adams County Sheriff’s Office is suing Afroman for using video footage of their January raid on his home in his music video. Several deputies have sued the artist claiming he was profiting from the sale of merchandise that included their images, according to a source with direct knowledge of the matter. The lawsuit, obtained by The Daily Caller, indicates Afroman was not at his residence at the time of the raid , but his wife was inside the home and managed to record the police in action. Residential surveillance footage also recorded the raid as it unfolded. Members of Adams County Sheriff’s Office insist they didn’t provide consent for their images to be used or profited from. The officers claim the artist proceeded to release music videos, social media posts and physical merchandise products without their approval, and are calling this an invasion of privacy and misappropriation of their likenesses. They said Afroman’s actions were “willful , wanton, malicious … [Read more...] about Deputies Sue Afroman After Raiding His Home

Share to Twitter Share to Linkedin Key News Asian equities were mostly higher overnight as bank failure contagion fears receded. The People’s Bank of China (PBOC), China’s central bank, took its foot off the gas today, injecting only RMB 30 billion into the system, down from RMB 180 billion on Friday. However, Friday’s reserve requirement ratio (RRR) cut has been well received by the market. Foreigners bought a net $625 million worth of Mainland shares overnight, the 7th straight day of net buying, and the most in a week. Mainland investors bought a net $129 million worth of Hong Kong shares, the 10th consecutive day of net buying. Financials were one of the best performing sectors in Mainland China, Hong Kong, and globally. HSBC was up +2.9% overnight. Technology was also a strong performer in Hong Kong as the Hang Seng Tech Index gained +2.5% overnight, led by gaming names on strong approvals, including of foreign games, in the lates round. … [Read more...] about China Goes Risk On

Share to Twitter Share to Linkedin Topline GameStop shares rose by more than 30% Wednesday after the video game retailer reported its first quarterly profit in two years, as shares for other meme stocks popularized during the pandemic, including AMC Entertainment and Bed Bath & Beyond, also increased as a result. Key Facts GameStop shares closed at $17.65 Tuesday and rose by 36% to $24.16 Wednesday as of 10:15 a.m. Eastern time. The rise in GameStop shares has been complemented by gains of other meme stocks, as both Bed Bath & Beyond and AMC Entertainment —which rose as much as 8% and 11% in premarket trading, respectively—are up 2%. Shares for Nokia (0.17%) and Virgin Galactic (1%) also rose Wednesday morning. First Republic shares— falling to their lowest point ever Monday after reports of a possible sale—fell 7% despite a 29% rise Tuesday, as shares for Nike, which reported an increase in quarterly sales, fell by … [Read more...] about GameStop Shares—Up More Than 35%—Lead Meme Stock Rally