Today’s topics

• America’s first car-free community

• Latest trends in millionaire migration

• Cosmic expansion debate has taken a fresh turn

• Largest genome ever sequenced

  and more…

US stocks mostly edged higher on Wednesday, buoyed by encouraging signals on consumer prices that could influence future interest rate decisions. The S&P 500 climbed 0.4%, the Nasdaq finished slightly up, and the Dow Jones surged 0.6%, adding over 200 points. The Consumer Price Index (CPI) revealed a steady rise in prices, with a 2.9% year-over-year increase in July—marking the first time inflation has dropped below 3% since 2021. Core prices, excluding food and energy, rose 3.2% year-over-year, aligning closely with Wall Street's expectations.

Where the World's Millionaires Are Moving? In 2024, the Henley Private Wealth Migration Report, in partnership with global wealth intelligence firm New World Wealth, reveals the latest trends in millionaire migration. The UAE continues to reign as the top destination for the world’s wealthy, thanks to its zero income tax, golden visas, and luxury lifestyle, attracting a projected net inflow of 6,700 millionaires this year alone. This is nearly double the number expected in the US, which is projected to see a net inflow of 3,800 millionaires. With increasing numbers from Europe and the UK, the UAE solidifies its status as the ultimate millionaire magnet.

DOJ Mulls Google Breakup After Monopoly Ruling: What's on the Table? The DOJ is exploring various remedies after a federal judge declared Google’s dominance in internet search illegal. With Google raking in $175 billion from searches last year, options on the table range from breaking up the tech giant to requiring it to share data or pay hefty fines. The most drastic measures could involve divesting Android or Google Chrome, or even untangling AdWords, which is central to Google’s revenue. Each option comes with its own set of challenges, especially given AdWords' role in Google's search-driven business model.

Google Rolls Out Gemini Live: Your New AI Chat Buddy

Google's Gemini Live, the tech giant's response to ChatGPT’s Advanced Voice Mode, is launching after being previewed at the Google I/O 2024 developer conference. This feature, revealed at the recent Made by Google event, allows users to engage in "in-depth" voice conversations with Gemini, Google’s generative AI chatbot, directly on their smartphones. With an enhanced speech engine that offers emotionally expressive and realistic dialogue, Gemini Live can even adapt to interruptions and follow-up questions, making AI interactions smoother and more natural.

New Twist in the Universe’s Expansion Debate

The cosmic expansion debate has taken a fresh turn, as NASA's JWST reveals that discrepancies in measuring the universe’s expansion rate might stem from mundane errors rather than a need to overhaul our cosmic theories. For years, a significant gap existed between local galaxy measurements and those derived from the cosmic microwave background (CMB). However, recent data from the JWST suggests that this disparity could be due to systematic errors in our methods for gauging distances to nearby galaxies, potentially simplifying the mystery of the universe's rate of expansion.

Electric Bandage Heals Wounds Faster and Cheaper

Researchers have unveiled an affordable bandage that uses an electric field to accelerate healing in chronic wounds. In animal tests, wounds treated with these innovative bandages healed 30% faster than those with traditional ones. Chronic wounds, like those often seen in diabetic patients, are notoriously slow to heal and can lead to serious complications. This new electric bandage offers a promising, cost-effective solution to a significant healthcare challenge.

Lungfish genome shatters record: 30 times bigger than a human's. The South American lungfish now holds the record for the largest genome ever sequenced, boasting a staggering 180 gigabases of DNA per cell—30 times more than the human genome. Axel Meyer and his team at the University of Konstanz took on the technical challenge, revealing that 18 of the lungfish’s 19 chromosomes are each larger than an entire human genome. This milestone also completes the sequencing of all six lungfish species worldwide, all of which are known for their unusually large genomes.

UW Scientists Take Big Step in Saving Sunflower Sea Stars

University of Washington scientists have made a breakthrough in their efforts to save the endangered sunflower sea star, a key species in the marine ecosystem. After a disease nearly wiped out the west coast population a decade ago, researchers, led by Jason Hodin, spent five years growing multiple generations of sea stars in a lab. This August, their hard work paid off as they released the first group of lab-grown sea stars back into the wild, marking a significant milestone in the species' recovery. "It's been five years in the making, and it's incredibly exciting," Hodin remarked on release day.

Culdesac: America’s first car-free community. Just 15 miles from downtown Phoenix, Culdesac is making waves as the first car-free community built from scratch in the U.S. Since 2023, nearly 140 residents have settled into this unique neighborhood, with plans to expand to 1,000 residents across 760 apartments by 2025. Rental prices range from $1,500 to $2,280 per month, with incentives bringing some rents down to about $1,200. Short-term, fully furnished rentals are also available, though no units are for sale yet.

Ice Age surprise: Mississippi man uncovers 7-foot mammoth tusk. A Mississippi explorer stumbled upon a remarkable Ice Age relic—a 7-foot mammoth tusk—while navigating the waters of Madison County. This rare find, dating back to the era of mammoths, offers a fascinating glimpse into the ancient past. The tusk is an impressive reminder of the region’s prehistoric inhabitants and their enormous, long-lost relatives.

TikTok of the day: watch here

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