YOU WONT BELIEVE: 24 - What They Never Told You

Mark Zuckerberg threatens to leave California over 5% billionaire tax, Meta creates new Class C shares to help him stay

Mark Zuckerberg has threatened to leave California if the state introduces a proposed 5% billionaire wealth tax. In response, Meta has approved a new class of nonvoting Class C shares that would allow the Facebook co-founder to raise money to pay a potential tax bill without losing control of the…

The Economic Times · Oct 22

Sat Sovereign, Not Satrapi: Why India can't get locked in with one side in satcom battle

Elon Musk argues that Starlink can benefit underserved rural areas of India through improved connectivity. The ongoing debate surrounding satellite communications in India is focused on pricing and market control. Countries are competing for access to low-Earth orbit frequencies and altitudes, which are limited resources. India has an opportunity to…

The Economic Times · Oct 22

India must avoid copying China's aggressive tax policies on private wealth and offshore assets

Developing economies often look to the US and China for cues on taxation, infra spending and policy. India, for one, must steer clear of emulating such tax policies. China's circumstances are materially different from India's. India's economy is expanding at a healthy pace, and housing is rising steadily.

The Economic Times · Oct 22

Fish oil and Alzheimer’s prevention: What happened when researchers tested high-dose DHA for two years and found no significant benefits for memory or brain health

A recent clinical trial involving older adults found no cognitive improvements from high-dose DHA supplements. Researchers confirmed that the DHA reached the brain but did not enhance memory. Participants demonstrated no significant cognitive benefits after two years of supplementation. The study raises questions about the effectiveness of fish oil supplements…

The Economic Times · Oct 22

Neocloud short sellers rack up $6 billion as AI debt fears deepen

Short sellers betting against US neocloud and data centre companies have made about $6 billion in paper profits this month as AI debt fears trigger a sharp selloff. CoreWeave, Nebius, IREN, Applied Digital and Core Scientific face heavy short interest, highlighting growing concerns over debt-fuelled AI infrastructure spending.

The Economic Times · Oct 22

ITBP has raised drone platoons, building bunkers along LAC: ITBP DG

ITBP Director General (DG) Shatrujeet Singh Kapoor told his troops at a force base in Rajasthan's Alwar that countering China through "traditional" means of warfare was a thing of the past and hence they were investing in modernizing the force, its weapons, vehicles and border posts.

The Economic Times · Oct 22

A stone fell onto an Iowa prairie in 1890; a farmer dug up a 66 pound meteorite and sold it for $105

In 1890, an Iowa farmer sold a 66 pound meteorite for $105. A sheriff seized it, the buyer’s university took it back, and the Iowa Supreme Court ruled it belonged to the landowner. A jury later priced the stone at $480.

The Economic Times · Oct 22

Nasha Mukt Bharat Abhiyaan: 35 crore people reached so far, 32 lakh institutions engaged

Since its inception in August 2020, the Nasha Mukt Bharat Abhiyaan initiative has reached more than 35 crore people in its quest to prevent substance abuse. It focuses on at-risk districts and enhances awareness in schools and colleges. By providing credible information and encouraging youth to seek support, the program…

The Economic Times · Oct 22

Average long-term US mortgage rate eases to 7.32% in first pullback since late August

US mortgage rates eased for the first time since late August, with the average 30-year fixed rate falling to 7.32% from 7.40% last week, Freddie Mac said. The decline offers some relief to homebuyers, but borrowing costs remain elevated, with higher rates continuing to weigh on US home sales and…

The Economic Times · Oct 22

Army invites applications for 75-day internship programme in defence technologies

According to programme details shared by Northern Command, the 75-day internship will comprise 15 days of online learning and 60 days of physical internship, they said.

The Economic Times · Oct 22