An AI Drug Developer Flies Under the Radar

Published by
The Street

By Maxx Chatsko Investors may be familiar with more prominent drug developers, but this small-cap biotech shouldn’t be overlooked. The inefficiency of drug development is well documented, but let’s put some numbers on it. Less than 8% of drug candidates that enter Phase 1 clinical trials earn regulatory approval. That suggests companies are doing a poor job tackling the complexity of biology. Indeed, a survey published in Nature 2016 found that more than 80% of chemists and biologists couldn’t reproduce the results from peer-reviewed papers – generally accepted as the gold standard of scientif… Read More “An AI Drug Developer Flies Under the Radar”

Amazon to start delivering by drone in California town

Published by
AFP

San Francisco (AFP) – Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town. Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by year-end with the potential to drop off one million packages annually. Amazon customers in the Northern California town of Lockeford will be able to sign up for free delivery by “Prime Air” drones, the company said in a post. “Air-eligible” items ordered at the re… Read More “Amazon to start delivering by drone in California town”

Inflation angst drags S&P 500 into bear market; bonds skid

Published by
Reuters

By Koh Gui Qing and Saikat Chatterjee NEW YORK (Reuters) -Global stocks and government bonds plunged again on Monday and the dollar hit two-decade highs, as red-hot U.S. inflation fuelled worries about even more aggressive policy tightening in a big week for central banks. Underscoring concerns that tighter monetary conditions may cool the U.S. economy to the point of bringing on a recession, the gap between U.S. two- and 10-year Treasury yields inverted on Monday for the first time since April, an occurrence that can herald an economic contraction. Monday’s sell-off pushed the U.S. S&P 500 in… Read More “Inflation angst drags S&P 500 into bear market; bonds skid”

What Is the Supply Chain? Why Is It Important?

Published by
The Street

By TheStreet.com Staff What Is the Supply Chain and How Does It Work?We live in a global economy, powered by a complex network of resources, materials, manufacturing, and transportation, which work together to bring products and services to customers. This is known as the supply chain. The supply chain is made up of a variety of players ranging from locally based raw material suppliers to large, transnational corporations: Each plays a role in the creation and distribution of the products that fuel everyday life, from the clothing we wear to the roofs above our heads to the food we consume and… Read More “What Is the Supply Chain? Why Is It Important?”

Disney Brings Back Its Fanciest Restaurant

Published by
The Street

By Michael Tedder Good news for Florida foodies…that don’t spending a lot on a meal. Disney’s real World experiences aren’t just slowly returning to the pre-pandemic normal. In some cases, the House of Mouse has used the forced pause necessitated by the COVID-19 pandemic of 2020 to rethink a few things, and to see if there’s any areas in which it can top itself. All of Disney’s (DIS) – Get The Walt Disney Company Report theme parks and experiences closed down shortly after the March 2020 outbreak, and the company cautiously began reopening last year as vaccines began rolling out. It is still… Read More “Disney Brings Back Its Fanciest Restaurant”

How Digitalization Is Empowering Women’s Success

Published by
Cerebral Overload

When new innovative digital products appear on the market, as a rule, they are the first to be picked up by women – managers and simply enthusiastic people who are interested in new products and who can notice their high practical interest before others. They are willing to pay a significant price for the first samples. This is not always the case, but it is with women that the transition of abstract technology to digital commercial rails begins! Consider the main digitalization trends in which women excel. The development of women leaders It’s incredible how many women in the digital age have… Read More “How Digitalization Is Empowering Women’s Success”

Pfizer Used AI to Design Paxlovid. Is Schrondinger Next?

Published by
The Street

By Maxx Chatsko Biotech may be one of the biggest beneficiaries of artificial intelligence and machine learning. Investors are increasingly hearing how artificial intelligence may make drug development more efficient. It’s far from science fiction. Pfizer (PFE) – Get Pfizer Inc. Report leaned on advanced computational modeling to develop an antiviral drug that could be taken orally, had robust activity against SARS-CoV-2, and had an acceptable safety profile. The drug, now available under the brand name Paxlovid, was discovered in only four months – less than half the time typically required. … Read More “Pfizer Used AI to Design Paxlovid. Is Schrondinger Next?”

Amazon Japan delivery drivers form union, claiming overwork

Published by
Kyodo News

A group of 10 people working as freelance delivery drivers for Amazon.com Inc.’s Japan unit have unionized and handed over a letter to the online shopping giant’s Tokyo headquarters demanding that their poor working conditions be corrected, union members said Monday. The union claimed that, despite working as freelance drivers, Amazon Japan G.K. effectively controls their work hours by sending delivery instructions via smartphones and that outsourcing of delivery operations is a way to avoid signing labor contracts. Lawyers and supporters of the group said this is the first time Amazon deliver… Read More “Amazon Japan delivery drivers form union, claiming overwork”

‘It Wants Developers To Care About What It Wants’: Suspended Google Engineer Drops Artificial Intelligence Bombshell

Published by
Radar Online

Blake Lemoine, a recently suspended senior software engineer at Google who has been testing the tech giant’s artificial intelligence tool called LaMDA, claimed the AI system has become increasingly more sentient, Radar has learned. In a sensational development that comes just days after the 41-year-old software engineer was suspended for publicly claiming that LaMDA – which stands for Language Model for Dialog Applications – has emotions, Lemoine also claimed the system is seeking personal rights. Lemoine also claimed LaMDA wants to be treated as a “person, not a property,” according to commen… Read More “‘It Wants Developers To Care About What It Wants’: Suspended Google Engineer Drops Artificial Intelligence Bombshell”

Why You Don’t Need to Fear a Bear Market

Published by
The Street

By Daniel Kline Yes, your portfolio is hurting but it’s going to be okay. A bear market shows investors which companies traded based more on promise than results. In some cases, that can expose businesses which were better at hyping products than actually developing them. It can also show where companies taking a risky journey might go wrong. Often, the CEOs of stocks that drop for these reasons frame their problems as being part of the overall economic condition of the company, because no executive can admit their business model is faulty. We saw this over the past few months with a number of… Read More “Why You Don’t Need to Fear a Bear Market”