Top News – DAILY WOW https://dailywow.com Daily News and Daily Articles Sat, 11 May 2024 13:38:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://dailywow.com/wp-content/uploads/2020/12/cropped-DAILY-WOW-e1607338143226-32x32.png Top News – DAILY WOW https://dailywow.com 32 32 NHL CEO and different Latino executives discovered Latinos in Sports activities platform https://dailywow.com/nhl-ceo-and-different-latino-executives-discovered-latinos-in-sports-activities-platform/ Sat, 11 May 2024 13:38:07 +0000 https://dailywow.com/?p=26187 NHL CEO and other Latino executives found Latinos in Sports platform

Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (l.), and Pedro Guerrero, CEO of Guerrero Media. Courtesy: Guerrero Media When the National Hockey League's Arizona Coyotes sold their franchise to Utah last month, the league not only lost an Arizona-based team but also its only active Latino leader. Born in […]

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NHL CEO and other Latino executives found Latinos in Sports platform

Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (l.), and Pedro Guerrero, CEO of Guerrero Media.

Courtesy: Guerrero Media

When the National Hockey League's Arizona Coyotes sold their franchise to Utah last month, the league not only lost an Arizona-based team but also its only active Latino leader.

Born in Guadalajara, Mexico, Xavier Gutierrez became CEO of the Arizona team in 2019 after Alex Meruelo, a Cuban-American billionaire, purchased the Coyotes a year earlier. Gutierrez was previously a managing director at private equity firm Clearlake Capital Group and knew Meruelo for about a decade before becoming the NHL's first Latino CEO.

It took a Latino owner to hire a Latino CEO, Gutierrez explained in an interview, because Hispanics are not well represented in leadership positions in professional sports.

There are 153 major professional sports franchises in the United States and Canada in the NHL, National Football League, National Basketball Association, Major League Baseball and Major League Soccer.

Gutierrez, who is technically still CEO of the Arizona Coyotes even though the franchise is inactive, says he is the only Latino CEO without an owner. Gutierrez said Jorge Mas, co-owner of MLS's Inter Miami CF and CEO, is ensuring two Latino CEOs.

Gutierrez promises to change that. He is part of the founding group of Latinos in Sports, a platform dedicated to bringing together Latinos and non-Latinos in professional sports, media and marketing to showcase Latino talent in leadership positions. CNBC is the official media partner of Latinos in Sports.

“The results speak for themselves that you don’t have that leadership today,” Gutierrez said. “Look at the commissioners and their offices who rely on Latino consumers to be spectators, ticket buyers and jersey buyers. I think you have to have Latino talent in these places. Our goal is simply to say, 'Listen, this isn't because you're bad people. It's not at all because you haven't gotten to know the cohorts that exist.

Gutierrez and Pedro Antonio Guerrero, the CEO of leadership development company Guerrero Media, introduced Latinos in sports at an event in Miami last week.

Vianni Lubus, head of audience and engagement at Guerrero Media, and Mike Valdes-Fauli, chief operating officer at Chemistry Cultura, a digital advertising company focused on Latinos in the US, are also involved in the platform.

The four executives share the goal of increasing the representation of U.S. Hispanics in leadership positions in sports. José Feliciano, co-founder of Clearlake Capital and co-owner of the Premier League's Chelsea Football Club, also spoke at the event in Miami last week to encourage more Latino ownership in sports.

Jose E. Feliciano speaks onstage during the 2021 Robert F. Kennedy Human Rights Ripple of Hope Award Gala in New York City on December 9, 2021.

Slaven Vlasic | Getty Images

“My big hope is that we continue to make progress on the property front,” Feliciano said. “Policymakers in influential seats are beginning to realize that Latinos can and should be owners in every sense of the word.”

The goal of Latinos in Sports is to be the go-to resource for promoting a culture of Hispanic advancement in the sports industry, Gutierrez said. Executives hope to transform the platform into a company focused on investing in Hispanic-founded startups, conducting research on Hispanic trends in the U.S. and bringing together both Latino and non-Latino sports leaders for networking.

“You do business with people you know,” Gutierrez said. “It will truly be a place for commerce, for talent acquisition, for conversations, for data and insights.”

The organization also hopes to encourage Latino sports managers to make more conscious decisions to appeal to Latino audiences.

Warner Bros. Discovery released an alternative show called “Peloteros” during the MLB playoffs last year, which featured former and current Latino baseball players speaking to a Hispanic audience. It had to be broadcast in English because Warner Bros. Discovery does not have the Spanish-language broadcast rights.

Having more Latino leaders make content decisions can help attract an audience that has been largely ignored, said Luis Silberwasser, chairman and CEO of Warner Bros. Discovery Sports.

“It was a good example of what we’re striving for in terms of content diversification,” Silberwasser said. “Achieving this requires a diversity of voices in the production group.”

For Latinos in sports, bringing Latinos together with non-Latinos is important, Gutierrez said, since non-Latinos now overwhelmingly hold leadership positions.

The organization's next event will take place in September at the Barclays Center in Brooklyn, New York, during the US Open tennis tournament. Gutierrez and Guerrero chose this event because it traditionally appeals to white Americans.

“It’s important to have non-Latinx decision makers in the room,” Gutierrez said.

“Latinos need to connect with each other to build partnerships like this to build our table,” Guerrero said. “Ultimately, it is the priority of many Latinos in positions of power like Xavier [Gutierrez]. The key for us is to increase our population.”

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Boeing CEO Calhoun took house $5 million final 12 months earlier than the 737 Max disaster https://dailywow.com/boeing-ceo-calhoun-took-house-5-million-final-12-months-earlier-than-the-737-max-disaster/ Fri, 05 Apr 2024 22:29:45 +0000 https://dailywow.com/?p=26159 Boeing CEO Calhoun took home $5 million last year before the 737 Max crisis

Boeing CEO Dave Calhoun speaks to reporters on Capitol Hill in Washington, DC, before meeting with a group of senators on January 24, 2024. Jim Watson | AFP | Getty Images Outgoing Boeing CEO Dave Calhoun's net salary fell to $5 million last year after declining a bonus, compared with $7 million in 2022, and […]

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Boeing CEO Calhoun took home $5 million last year before the 737 Max crisis

Boeing CEO Dave Calhoun speaks to reporters on Capitol Hill in Washington, DC, before meeting with a group of senators on January 24, 2024.

Jim Watson | AFP | Getty Images

Outgoing Boeing CEO Dave Calhoun's net salary fell to $5 million last year after declining a bonus, compared with $7 million in 2022, and his latest compensation package is suffering from the ongoing safety crisis surrounding the company's best-selling aircraft who have favourited 737 Max.

Calhoun's total compensation rose 45% last year to $32.8 million, up from $22.6 million the previous year. However, Boeing said the 2023 total is closer to $25 million because it includes long-term incentives such as stock. Shares of the aircraft maker have fallen nearly 30% this year.

Total compensation for Stan Deal, who Boeing replaced at the helm of its commercial aircraft division last month, rose 42% to $12.5 million.

Calhoun said last month he would step down by the end of the year. His departure is part of a broader restructuring that also saw the company replace its chief executive and head of its commercial aircraft division. The manufacturer is grappling with the fallout from a door plug plate that was thrown mid-air from a 737 Max it was operating Alaska Airlines in January.

Boeing disclosed the take-home compensation in a filing Friday, which did not include a $2.8 million 2023 bonus and executive compensation rejected by Calhoun. The company said it will now tie executive compensation more closely to safety goals.

“I promise that I personally and we as a board will leave no stone unturned in our efforts to get this company where it needs to be,” newly appointed Boeing Chairman Steve Mollenkopf said in a note to shareholders on Friday .

The Jan. 5 accident has slowed deliveries of new jets and Boeing has said it will burn more cash than previously expected. The company is expected to report first-quarter results on April 24.

Calhoun took the helm at Boeing in January 2020 after his predecessor was fired over his handling of the aftermath of two deadly 737 Max crashes. In addition to the devastating impact of the Covid-19 pandemic on the aviation industry, Boeing has also experienced numerous quality defects in its aircraft. This has caused deliveries of new aircraft to slow down to customers demanding new jets as travel declined, hurting Boeing's cash flow.

The Alaska Airlines door jam near-disaster was the most serious problem since the crashes. The Justice Department is investigating the Alaska Airlines accident and the Federal Aviation Administration has limited production of Boeing's 737 Max until Boeing clears quality control.

Boeing said Friday that “operating performance metrics for all business units this year will be focused solely on quality and safety goals” and that long-term executive incentives could be reduced to zero if the goals are not met.

Boeing last posted an annual profit in 2018.

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A drug just like Ozempic slowed Parkinson's illness in a small research https://dailywow.com/a-drug-just-like-ozempic-slowed-parkinsons-illness-in-a-small-research/ Thu, 04 Apr 2024 21:27:19 +0000 https://dailywow.com/?p=26139 A drug similar to Ozempic slowed Parkinson's disease in a small study

The coronal view of a human brain from a patient suffering from Parkinson's disease Sherbrooke Connectivity Imaging Lab | Getty Images An extremely popular class of drugs for diabetes and obesity is showing early potential to also help patients with Parkinson's disease. An older diabetes treatment called lixisenatide helped slow the progression of motor disability […]

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A drug similar to Ozempic slowed Parkinson's disease in a small study

The coronal view of a human brain from a patient suffering from Parkinson's disease

Sherbrooke Connectivity Imaging Lab | Getty Images

An extremely popular class of drugs for diabetes and obesity is showing early potential to also help patients with Parkinson's disease.

An older diabetes treatment called lixisenatide helped slow the progression of motor disability after 12 months in patients with early stages of the disease, according to results of a small, mid-stage trial published Wednesday. The drug, manufactured by Sanofiis a GLP-1-like Novo NordiskOzempic, the blockbuster diabetes injection, and Wegovy, the weight loss counterpart.

Motor disability refers to symptoms such as tremors, stiffness and slowness of movement, which can make it difficult for patients to walk, speak and swallow. Researchers from France said larger and longer studies are needed to fully determine the effectiveness and safety of the Sanofi treatment in patients with the degenerative brain disease, including how long the benefits might last.

Still, the findings, published late Wednesday in the New England Journal of Medicine, represent an encouraging step forward in the decades-long effort to combat Parkinson's disease. Up to half a million Americans have been diagnosed with the condition, which is caused by damage to nerve cells in the brain is marked.

The findings also add to the long list of potential health benefits of GLP-1, demand for which has skyrocketed in the last year as it helps patients lose weight and regulate their blood sugar. However, further research is needed to determine whether newer iterations of GLP-1 from Novo Nordisk and Eli Lilly can also help Parkinson's patients.

Both drugmakers are studying their respective treatments for weight loss and diabetes in patients with conditions such as sleep apnea and fatty liver disease, but neither is studying their drugs to treat Parkinson's disease.

Sanofi withdrew lixisenatide from the market in early 2023. The French drugmaker said stopping treatment was a business decision that had nothing to do with the safety and effectiveness of the drug.

Sanofi provided researchers with the drug and advised them on the drug's properties, but was otherwise not involved in the new phase 2 trial. It was funded by the French Ministry of Health and Prevention, a British charity called Cure Parkinson's and an independent biomedical research organization called the Van Andel Institute

In a statement to CNBC, Sanofi said it was “pleased by the positive results of this study.” The company added that it was open to “a discussion with the study’s researchers about providing support for their next phase of research.”

The study followed 156 people with early-stage Parkinson's disease for a year. All participants in the study took their usual Parkinson's medication. But one group also received a daily injection of Sanofi's drug, while the other received a placebo.

Patients receiving lixisenatide experienced essentially no progression of motor symptoms, whereas patients receiving placebo experienced worsening motor problems. The difference between the two groups was small, but remained two months after the end of the study and the patients discontinued therapy completely.

However, taking the Sanofi drug was associated with an increased risk of gastrointestinal side effects, which occur in all GLP-1 patients. Almost half of the patients who took the drug in the study experienced nausea, while 13% reported vomiting.

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U.S. Treasury yields are in focus as buyers monitor financial information https://dailywow.com/u-s-treasury-yields-are-in-focus-as-buyers-monitor-financial-information/ Wed, 03 Apr 2024 20:26:19 +0000 https://dailywow.com/?p=26121 U.S. Treasury yields are in focus as investors track economic data

The Yield on 10-year government bonds The price fell after briefly hitting a new annual high on Wednesday. The key interest rate fell by almost 2 basis points to 4.349%. At one point, the yield reached its highest level until the end of November. The 2-year Treasury note yield lost almost 3 basis points and […]

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U.S. Treasury yields are in focus as investors track economic data

The Yield on 10-year government bonds The price fell after briefly hitting a new annual high on Wednesday.

The key interest rate fell by almost 2 basis points to 4.349%. At one point, the yield reached its highest level until the end of November.

The 2-year Treasury note yield lost almost 3 basis points and was last at 4.674%.

Yields and prices move in opposite directions. One basis point is equal to 0.01%.

ADP private payroll data released Wednesday morning showed stronger growth than expected. Companies added 184,000 workers in March, higher than the 155,000 estimate by economists in a Dow Jones survey. It also marked the fastest pace of growth since July 2023.

The market moves come as investors track economic data and closely monitor cues from Fed policymakers on the expected number of interest rate cuts in 2024. Traders see a nearly 99% chance that interest rates will remain unchanged at the Fed's May policy meeting, according to CME Fed WatchTool, as of Wednesday afternoon. They expect a 62.5% chance of a cut at the June meeting, a significant drop from 70.1% a week ago.

Atlanta Fed President Raphael Bostic said he expects only one rate cut this year, in the fourth quarter. Fed Chairman Jerome Powell said in the afternoon that the central bank needed more evidence of easing inflation before it could cut borrowing costs.

Cleveland Federal Reserve President Loretta Mester said Tuesday she expects to continue cutting interest rates this year, but ruled out implementing them at the next policy meeting in May.

Separately, San Francisco Fed President Mary Daly said she expects to cut interest rates this year, but only after there is more convincing evidence that inflation has been subdued.

Last month, the Federal Reserve met expectations and left monetary policy unchanged for the fifth straight day and kept its benchmark federal funds rate in a range of 5.25% to 5.5%.

The Fed also signaled at the time that it continues to expect interest rate cuts of three quarters of a percentage point by the end of the year.

—CNBC's Jeff Cox contributed to this report.

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Oil costs are climbing to a five-month excessive amid escalating tensions within the Center East https://dailywow.com/oil-costs-are-climbing-to-a-five-month-excessive-amid-escalating-tensions-within-the-center-east/ Tue, 02 Apr 2024 19:25:01 +0000 https://dailywow.com/?p=26099 Oil prices are climbing to a five-month high amid escalating tensions in the Middle East

A flare chimney burns behind the oil storage tanks of the Taneco Oil Refining and Petrochemical Complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images Oil prices rose to their highest since October on Tuesday as investors closely watched threats to new supplies amid […]

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Oil prices are climbing to a five-month high amid escalating tensions in the Middle East

A flare chimney burns behind the oil storage tanks of the Taneco Oil Refining and Petrochemical Complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on Tuesday, March 5, 2019.

Bloomberg | Bloomberg | Getty Images

Oil prices rose to their highest since October on Tuesday as investors closely watched threats to new supplies amid an escalating conflict in the Middle East and a Ukrainian drone attack on a major Russian oil refinery.

The USA West Texas Intermediate Treaty Oil for May delivery rose $1.44, or 1.72%, to close at $85.15 a barrel. The Brent The contract for June delivery rose $1.53, or 1.75%, to $88.94 a barrel.

Brent futures have largely traded in a narrow range between $75 and $85 a barrel since the start of the year, but heightened geopolitical risks and robust economic data appear to have led to a rise.

“The new week, month and quarter were greeted with increasing tensions in the Middle East and indirect Iranian involvement,” Tamas Varga, an analyst at oil broker PVM, said in a research note published on Tuesday.

OPEC member Iran has blamed Israel for a deadly airstrike on Monday on its consulate in the Syrian capital Damascus, which reportedly killed seven of its officials.

Tehran vowed on Tuesday to retaliate for the attack, which was seen as a major escalation in the war between Israel and Hamas. According to Sky News, Israel has not declared responsibility and a government spokesman said it would not comment on foreign media reports.

PVM's Varga warned that the possibility of direct Iranian involvement in the Israel-Hamas war could trigger a “regional conflict with plausible implications for oil supplies.”

Ukraine on Tuesday attacked one of Russia's largest oil refineries with a drone strike in the highly industrialized region of Tatarstan southeast of Moscow, about 1,300 kilometers (800 miles) from the front lines of the conflict.

Tatarstan's boss Rustam Minnikhanov wrote in a Google-translated post on Telegram that industrial sites in the cities of Nizhnekamsk and Yelabuga had been attacked by drones.

“There is no serious damage, the technological process of companies is not disrupted,” Minnikhanov said.

Russia – an influential member of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+ – has been hit by a spate of Ukrainian drone attacks in recent months and has sought to escalate its own attacks on Ukraine's energy infrastructure.

—CNBC's Elliot Smith and Spencer Kimball contributed to this report.

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Brent and WTI contributed to the beneficial properties within the first quarter https://dailywow.com/brent-and-wti-contributed-to-the-beneficial-properties-within-the-first-quarter/ Mon, 01 Apr 2024 18:21:10 +0000 https://dailywow.com/?p=26079 Brent and WTI contributed to the gains in the first quarter

A pump jack works in front of an oil rig at sunset in an oil field in Midland, Texas, USA, August 22, 2018. Nick Oxford | Reuters Crude oil futures rose on the first trading day of the second quarter on Monday on reports that the Iranian consulate in Damascus, Syria, was hit by a […]

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Brent and WTI contributed to the gains in the first quarter

A pump jack works in front of an oil rig at sunset in an oil field in Midland, Texas, USA, August 22, 2018.

Nick Oxford | Reuters

Crude oil futures rose on the first trading day of the second quarter on Monday on reports that the Iranian consulate in Damascus, Syria, was hit by a missile attack.

The West Texas Middle School The contract for May delivery rose $1.28, or 1.54%, to $84.45 a barrel. The Brent The contract for June delivery rose 93 cents, or 1.07%, to $87.93 a barrel.

Syrian and Iranian state media reported on Monday that an Israeli missile attack hit the Iranian consulate in Damascus. A Lebanese security source told Reuters that a senior Iranian Revolutionary Guard commander, Mohammad Reza Zahedi, was among the dead.

“If this news is confirmed, it is a clear escalation of the conflict in the Middle East and is likely to further boost oil prices in the near term,” Leo Mariani, an analyst at Roth MKM, told clients on Monday.

Oil prices, energy news and analysis

Geopolitical risk remains in the market as Ukraine attacks Russian oil refineries and Houthi militant attacks in the Red Sea have led to the rerouting of crude oil shipments around the Cape of Good Hope in southern Africa.

Oil prices also rose in 2024 on expectations of strong global demand as OPEC+ keeps barrels off the market for at least the second quarter.

US crude oil and Brent posted gains for three straight months. WTI is up 17.8% for the year, while Brent is up 14.2%.

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Baltimore engineers start eradicating bridge wreckage to reopen the canal https://dailywow.com/baltimore-engineers-start-eradicating-bridge-wreckage-to-reopen-the-canal/ Sun, 31 Mar 2024 17:18:43 +0000 https://dailywow.com/?p=26057 Baltimore engineers begin removing bridge wreckage to reopen the canal

The cargo ship Dali lies in the water after striking and collapsing the Francis Scott Key Bridge in Baltimore, Maryland, March 26, 2024. Kevin Dietsch | Getty Images Engineers in Maryland began lifting a piece of the Francis Scott Key Bridge from the waterway in Baltimore on Saturday, the first step in a long process […]

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Baltimore engineers begin removing bridge wreckage to reopen the canal

The cargo ship Dali lies in the water after striking and collapsing the Francis Scott Key Bridge in Baltimore, Maryland, March 26, 2024.

Kevin Dietsch | Getty Images

Engineers in Maryland began lifting a piece of the Francis Scott Key Bridge from the waterway in Baltimore on Saturday, the first step in a long process to reopen the city's shipping port.

“I cannot emphasize enough how important today and the initial movement of this bridge and wreckage is,” Gov. Wes Moore said at a news conference Saturday. “The complexity of this matter cannot be overstated.”

The Key Bridge collapsed early Tuesday morning after a container ship collided with one of its pillars. Several people were missing, six of whom the US Coast Guard believes are dead.

“We will never lose sight of the human aspect of this crisis,” Baltimore Mayor Brandon Scott said Saturday.

In the days since the collapse, the Port of Baltimore, the nation's 11th-busiest port, has been out of service until further notice, forcing shipping lines to divert to other ports.

Federal, state and local government officials have mobilized their teams to try to bring the port back online. President Joe Biden will visit the city next week and has committed to having the federal government cover the entire cost of restoring and rebuilding the bridge.

To complete the bridge's first lift on Saturday, engineers cut a section of the bridge to make it manageable for their crane. Once the piece is cut, engineers attach straps to it, rig it and lift it onto a barge to transport it out of the waterway.

If successful, this process could be repeated on other parts of the bridge to clear a passage for the resumption of some transportation, both for additional vessels assisting in the restoration of the bridge site and possibly for some commercial vessels.

“Once we're able to reopen a channel, it may be able to be reused for commercial purposes, but we need to be clear about that first, and that's what we're working on,” said U.S. Coast Guard official Shannon Gilreath.

Economists say the closure of the Port of Baltimore is unlikely to have a major impact on the macroeconomy, but it is still a significant disruption complicating shipping supply chains.

“This isn’t just about Maryland. This is about our state’s economy,” said Governor Moore. “Our economy depends on the Port of Baltimore and the Port of Baltimore depends on shipping traffic.”

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Health influencers swear by the “carnivore food regimen”: What docs assume https://dailywow.com/health-influencers-swear-by-the-carnivore-food-regimen-what-docs-assume/ Sat, 30 Mar 2024 16:17:56 +0000 https://dailywow.com/?p=26033 Fitness influencers swear by the “carnivore diet”: What doctors think

Beef, butter, bacon and eggs – this is what some influencers swear by in the “carnivore diet”. The diet focuses on meat and minimizes or eliminates fruits and vegetables. On TikTok you can see people eating bowls of steak and 12 scrambled eggs in one day – and some even snack on a stick of […]

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Fitness influencers swear by the “carnivore diet”: What doctors think

Beef, butter, bacon and eggs – this is what some influencers swear by in the “carnivore diet”. The diet focuses on meat and minimizes or eliminates fruits and vegetables.

On TikTok you can see people eating bowls of steak and 12 scrambled eggs in one day – and some even snack on a stick of butter and bite off a piece like you would a carrot.

The diet is similar in style to the Atkins and keto diets and has many names: carnivore diet, lion diet, high-fat diet and animal diet. Believers in this lifestyle boast that their skin is clearer than ever, their gut is healthier, and they are in the best shape of their lives.

“One of the best things that's happened since I stopped vegan and became a carnivore is that my body odor just disappeared,” said TikToker @steakandbuttergal in one of her videos. “I don’t use soap, I don’t use deodorant and I smell amazing.”

Here's what experts say about the safety and sustainability of the carnivore diet.

The Carnivore Diet “Basically Sounds Like a Terrible Idea”

Weight loss is one of the major benefits that people following carnivorous diets report experiencing since incorporating more animal products into their diet. This is probably because the eating pattern also limits the consumption of carbohydrates, says Dr. Walter Willett, professor of epidemiology and nutrition at the Harvard TH Chan School of Public Health.

“It's possible that some people who ate a lot of refined starches and sugars may do better in the short term,” says Willett, with the carnivore diet. “But that sounds like a diet that will be very unhealthy in the long run.”

With a diet consisting only of beef, butter, bacon and eggs, people do not get enough fiber, carotenoids and polyphenols, which are rich in fruits and vegetables.

Including fiber in your diet is crucial for gut health and can reduce your risk of developing depression and breast cancer. Carotenoids have anti-cancer properties and polyphenols have properties that may protect against the development of health conditions such as diabetes, heart disease and cancer.

The foods that play an important role in carnivores' diets also contain large amounts of saturated fat and cholesterol, adds Willett.

In a 2012 study published in the Archives of Internal Medicine, Harvard researchers found that in more than 100,000 men and women, “study participants who ate the most red meat tended to die younger and were more likely to die from cardiovascular disease and cancer ,” according to Harvard Health Publishing.

Despite the multitude of studies linking red meat consumption to heart disease, some people simply don't believe that frequent consumption of red meat is harmful to the heart.

“That’s the mainstream message we hear about red meat. “It is essentially blamed for all sorts of human health disasters, from cardiovascular disease to colon cancer,” says Dr. Georgia Ede, a Harvard-trained and board-certified psychiatrist, specializes in nutritional psychiatry.

“They're based almost entirely on a type of research method called nutritional epidemiology, which is just untested theories, essentially guesses about how red meat might affect us that have never been tested in clinical trials and proven to be confirmed .” “says Ede. “Then comes the rest of the very little additional evidence that comes from experimental studies, which come from very strange animal studies.”

To better understand how food intake can lead to disease, researchers have study participants write down or fill out surveys about what they ate, all of which they self-report.

Some believe this is a flawed way to draw conclusions about how food affects health, but experts have not yet found a better alternative.

“When you eat a meal like this, you help cut down another tree.”

But even if people are really tired of the way nutrition studies are conducted, the impact of meat production on the climate is undeniable.

Ede says: “Industrialized food production, whether plants or animals, is really very harmful to the planet.”

And while this is true, there is a clear difference between the environmental impact of producing plant-based foods and producing animal products. Emissions of global greenhouse gases such as methane are twice as high from the production of animal-based foods as from the production of plant-based foods.

“In addition to the direct health effects, which will be quite detrimental,” says Willett. “There is also the question of justice, which essentially concerns the global north, Europe [and] The United States is causing most of the climate change problems we have today, and this kind of perpetuates that.”

“You can think [that] “When you eat a meal like that, you help cut down another tree on the other side,” he adds. “Basically sounds like a terrible idea.”

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The Fed's fundamental inflation indicator rose 2.8% yearly, as anticipated https://dailywow.com/the-feds-fundamental-inflation-indicator-rose-2-8-yearly-as-anticipated/ Fri, 29 Mar 2024 15:17:15 +0000 https://dailywow.com/?p=26011 The Fed's main inflation indicator rose 2.8% annually, as expected

Inflation rose as expected in February, likely putting the Federal Reserve on hold before it can begin considering rate cuts, according to a measure the central bank considers its more important barometer. The price index of personal consumption expenditures excluding food and energy rose 2.8% on a 12-month basis, up 0.3% from a month ago, […]

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The Fed's main inflation indicator rose 2.8% annually, as expected

Inflation rose as expected in February, likely putting the Federal Reserve on hold before it can begin considering rate cuts, according to a measure the central bank considers its more important barometer.

The price index of personal consumption expenditures excluding food and energy rose 2.8% on a 12-month basis, up 0.3% from a month ago, the Commerce Department reported Friday. Both figures were in line with Dow Jones estimates.

Taking into account fluctuating food and energy costs, overall PCE showed an increase of 0.3% for the month and 2.5% for the 12-month rate, compared with estimates of 0.4% and 2.5 %.

Both the stock and bond markets were closed due to the Good Friday holiday.

While the Fed considers both measures in its policymaking, it believes that the core inflation rate is a better indicator of long-term inflation pressures. The Fed targets an annual inflation rate of 2%; Core PCE inflation has not been below this level in three years.

“Nothing really surprising. “Obviously not the numbers the Fed wants to see, but I don't think this will surprise anyone when they go back to work on Monday,” Victoria Greene, chief investment officer at G Squared Private Wealth, told CNBC. “I think everyone will go to work pretty quickly and say: If we see weaknesses and cracks here, maybe this little stickiness in inflation and PCE won't matter as much.”

Rising energy costs helped the overall value rise by 2.3%. The food index rose slightly by 0.1%. Inflationary pressure came more from the goods side, which increased by 0.5%, while services increased by 0.3%. This bucked last year's trend, where services rose 3.8% while goods actually fell 0.2%.

Further upward pressure came from international travel services, air transportation, and financial services and insurance. On the goods side, the Motor Vehicles and Parts category was the largest contributor.

Along with the rise in inflation, consumer spending rose 0.8% for the month, well above the 0.5% estimate, potentially indicating additional inflationary pressures. Personal income rose 0.3%, slightly weaker than the 0.4% estimate.

The release comes just over a week after the central bank again held its key short-term lending rate steady and suggested it still hasn't made enough progress on inflation to consider cutting it. In their quarterly update on interest rate forecasts, Federal Open Market Committee members again pointed to cuts of three quarters of a percentage point this year and in 2025.

Markets expect the Fed to stay on hold again when it releases its decision on May 1 and then start cutting rates at the June 11-12 meeting. Market prices are in line with FOMC forecasts for three cuts, according to CME Group's FedWatch gauge of futures market performance.

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FTX founder in New York federal court docket https://dailywow.com/ftx-founder-in-new-york-federal-court-docket/ Thu, 28 Mar 2024 14:15:49 +0000 https://dailywow.com/?p=25989 FTX founder in New York federal court

FTX founder Sam Bankman-Fried is due to be sentenced in New York federal court on Thursday for a massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund. Federal prosecutors want to sentence Bankman-Fried to a prison sentence of between 40 and 50 years. His defense team asked […]

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FTX founder in New York federal court

FTX founder Sam Bankman-Fried is due to be sentenced in New York federal court on Thursday for a massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund.

Federal prosecutors want to sentence Bankman-Fried to a prison sentence of between 40 and 50 years. His defense team asked Manhattan federal Judge Lewis Kaplan to give him a much shorter sentence, between five and six and a half years in prison.

Kaplan presided over the trial that ended in November when a jury found Bankman-Fried, 32, guilty on seven counts and found him responsible for the roughly $10 billion in customer deposits lost in 2022.

The charges included wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research; Conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors; and conspiracy to commit money laundering.

Former FTX CEO and founder Sam Bankman-Fried's mother, Barbara Fried (l), and his father, Joseph Bankman, arrive at Manhattan Federal Court on March 28, 2024, for his sentencing in Manhattan Federal Court to announce in New York City.

Timothy A. Clary | Afp | Getty Images

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