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About 65 million years ago, right around the time dinosaurs went extinct, bats evolved the ability to echolocate. They would produce clicks with their mouth or nose and listen for echoes of those clicks bouncing off surfaces and animals in the dark. Bats were major predators of moths, so many moths evolved ears that are sensitive to that echolocation—but not all of them. advertisement advertisement Some species, like furry silk moths, never grew ears. Instead, they used another defense mechanism that was already at their disposal: sound-absorbent wings. acoustic camouflage ” was discovered in 2018, when a team of researchers at the University of Bristol found that furry moths have a coating on their wings that can absorb up to 85% of the sound that hits them, making it hard for bats to locate them because their calls would be poorly reflected. Now a new study from the same team suggests that these moth wings could inspire a new type of ultrathin … [Read more...] about A 250 million-year-old insect could inspire an ultrathin wallpaper that absorbs sound

Share to Twitter Share to Linkedin Adani Enterprises —controlled by Gautam Adani and his family—is pushing ahead with plans to build India’s largest copper refinery as the world’s second most populous nation seeks to reduce its reliance on metal imports. The conglomerate—which also has interests in airports, edible oils, ports, renewable energy and toll roads—said in a regulatory filing on Sunday that its unit Kutch Copper has raised 60.7 billion rupees ($775 million) in loans from a syndicate of banks led by the State Bank of India. Proceeds will be used to accelerate the construction of a greenfield copper refining plant in Gujarat, Adani’s home state in western India. “Kutch Copper aims to create the capacity for production of refined copper, which plays a vital role in strengthening the nation’s shift towards electric vehicles and renewables,” Vinay Prakash, director of Adani Enterprises said in a statement. “The project has requisite technology … [Read more...] about Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery

Share to Twitter Share to Linkedin Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that's come to a head this month as markets grapple with the Federal Reserve's reversal of pandemic-era stimulus measures. Key Facts Cryptocurrency funds posted net outflows of $423 million last week, eclipsing the prior record of $198 million set as crypto markets tumbled in January and bringing total assets down to $36.2 billion, according to a Monday report by CoinShares. Cash transferred out of bitcoin funds drove the record activity, with net outflows of $453 million—virtually erasing all inflows this year and pushing assets in such funds down to $24.5 billion, the lowest level since the beginning of last year, CoinShares reported. CoinShares' James Butterfill notes … [Read more...] about Crypto Funds Post Record $423 Million Outflows As Bitcoin Plunge Rattles Market

Share to Twitter Share to Linkedin The Perseid meteor shower is the main event of the summer shooting star-spotting season in the northern hemisphere, but its peak is still several weeks off. Fortunately there are a few warm-up acts between now and then to sharpen your skywatching skills. Sunday night and Monday morning offer an ideal opportunity to head outside and take a shot at catching a Bootid meteor. The June Bootid meteor shower is considered a minor meteor shower that’s weaker than the bigger name showers, but conditions are ideal in 2022 and there’s always a chance the Bootids could blow up. This year’s peak of activity for the shower is centered on June 27, which is also when the moon is new, meaning it will be darkened in the sky and won’t wash out any meteors that do appear. Among astronomers , the June Bootids are notoriously unpredictable. Most years the shower is weak, producing few - if any - visible slow-moving meteors. But every … [Read more...] about The Bootids, Lottery Ticket Of Meteor Showers, Peaks Now

Share to Twitter Share to Linkedin Elvis opened strong this weekend with a $30.5 million Fri-Sun debut right alongside Top Gun: Maverick’s shockingly huge (also $30.5 million) fifth-weekend gross. Regardless of which film topped the domestic box office when the final figures drop tomorrow, they are both winners. I’ll discuss the Tom Cruise-led sequel later, but the Tom Hanks co-starring music biopic benefited from the former. Some of the best marketing a movie can have is a good trailer playing before a smash hit aimed at similar demographics. Think the Deep Impact teaser attached to Titanic or the Zootopia DMV spot playing before The Force Awakens . With all the pre-summer concern that older, irregular audiences (Elvis Presley isn’t exactly still huge with the kids) wouldn’t show up, the Warner Bros. flick got a last-minute shot in the arm when Top Gun: Maverick soared past $520 million domestic partially thanks to older and irregular moviegoers. … [Read more...] about Box Office: ‘Elvis’ Rocks $31 Million Debut As ‘Black Phone’ Grabs $23 Million

Share to Twitter Share to Linkedin In box office holdover news not related to Top Gun: Maverick , Universal and Amblin’s Jurassic World Dominion continued to play like the Tomorrow Never Dies of summer 2022 (pulling in terrific grosses even while being overshadowed by a zeitgeist-dominating blockbuster). The $185 million dino threequel earned another $26.4 million (-55%) to bring its domestic total to $302.775 million in 17 days. The drop is close enough to Fallen Kingdom (-53% for a $28 million third-weekend gross) to presume that audiences mostly like it at least as much as the last one, even if it’ll have to settle for a “mere” $350-$375 million domestic finish. Colin Trevorrow and Emily Carmichael’s franchise caper earned $42.9 million overseas for a new $443 million foreign and $746.6 million worldwide cume. It might not crack $1 billion, especially with China delivering half of what it did for the last two films ($227 million and $267 million), … [Read more...] about Weekend Box Office: ‘Lightyear’ Falls 65% As ‘Jurassic World 3’ Tops $300 Million

The claims process for General Electric Co.'s ( GE ) GE Fair Fund was opened this week to distribute $200 million to investors. The fund, which was established by the Securities and Exchange Commission (SEC), will distribute civil penalties paid by GE to investors affected by the company’s failure to disclose material information about its power and insurance businesses. RCB Fund Services LLC, the fund's administrator, made the announcement on June 21. Key Takeaways GE has opened its $200 million GE Fair Fund to compensate investors affected by the company’s failure to disclose material information. GE failed several years ago to disclose relevant details about profit growth in its power unit and unfavorable trends in its insurance business. Investors who purchased GE common stock between Oct. 16, 2015, and Jan. 16, 2018, are eligible for compensation if they meet specific requirements. GE’s share price has significantly underperformed the S&P 500 in recent … [Read more...] about General Electric (GE) Compensation Fund to Distribute $200 Million to Investors

Share to Twitter Share to Linkedin Madison Reed, the prestige beauty brand that revolutionized the hair color industry, has raised $33 million in new financing led by Sandbridge Capital, with participation from Marcy Venture Partners. The company plans to further its omnichannel expansion of hair color bars and retail locations and continue its investments in product innovations. The company which was founded by its current CEO, Amy Errett in 2013, has grown its business portfolio from a direct-to-consumer brand to an expansive omnichannel powerhouse including continued direct-to-consumer sales, its own retail salon locations, and partnerships with retailers like Ulta Beauty ULTA . The Hair Color Bar locations have expanded to include over 60 nationwide. Madison Reed has interacted with more than 5 million customers since launching. Access to high-quality Smart 8-Free hair color In an interview with Errett, she discussed how Madison Reed’s goal is … [Read more...] about Madison Reed Secures $33 Million To Fund Its Omnichannel Expansion

Share to Twitter Share to Linkedin ( Updates to clarify that the proposal is for a share count increase. ) Nikola, a maker of battery- and hydrogen-powered trucks, is pleading with investors to approve a plan to increase its authorized share count less than a week ahead of its annual meeting. Its controversial founder opposes the move. The Phoenix-based company, which started delivering electric semis this quarter built at its Coolidge, Arizona, plant, hopes to raise much-needed funds by boosting its shares outstanding by a third to 800 million from 600 million currently. A decision on the proposal is to come at the company’s annual meeting, scheduled for June 30. “Approving this proposal would allow Nikola to increase the number of authorized shares of common stock and would provide us with increased flexibility to support among other things, the growth of our business,” Chairman Steve Girsky said in a webcast on Friday. “I want to be crystal … [Read more...] about Electric Truckmaker Nikola Prods Investors To Back 200 Million-Share Increase

We all know that working for a company with a toxic culture is unpleasant and stressful. But research on the impacts of toxic workplaces is still surprisingly grim. One study found a toxic workplace triples your risk of depression . Research out of Harvard shows that firing a toxic jerk adds more than twice as much to a company's bottom line as hiring a superstar. Another recent study showed a toxic workplace was the single biggest predictor of whether employees would join the Great Resignation and head for the door. All of which should make it crystal clear that you don't want to lead (or work for) a company with a toxic culture. But that begs a simple but important question. What exactly makes a culture toxic? We all have vague ideas about what kind of behavior qualifies as toxic, but recently a team out of MIT set out to find a more scientific answer to this question. (They are the same group of researchers behind the study I mentioned above about toxic culture … [Read more...] about The 5 Biggest Red Flags of a Toxic Culture, According to a Study of More Than 1 Million Glassdoor Reviews