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Good morning Opportunists. It’s October 8th 2024 and we’re diving into the exciting future of medicine over the next decade, exploring cutting-edge advancements that could reshape healthcare. Plus, we’ll cover the impact of the recent port strike and what it means for businesses and consumers alike and more. Buckle up, because the new era of The Daily Advantage is here, bringing you fresh insights every day!

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Trending News Today

American Water Works Security Breach

American Water Works, the largest regulated water and wastewater utility in the U.S. serving over 14 million customers, announced on Monday that hackers infiltrated its computer networks, prompting the company to temporarily halt customer billing. While they swiftly disconnected affected systems and notified law enforcement, the utility assured customers that operations remain secure, and no late fees will be incurred during this disruption, though the full impact of the breach is still unclear.

Port Strike and the Impact

The recent three-day dockworker strike on the East and Gulf Coasts highlighted the crucial role these workers play in keeping America’s economy moving, as they handle everything from food to cars. While the strike ended with a new pay agreement, it also raised questions about the impact of automation and technology on the industry, with experts debating how to balance these advancements with the need for decent human jobs in a rapidly changing workforce.

Cerebras Prepares to Go Public

Cerebras Systems, a startup aiming to carve out its share of the booming AI chip market, announced a remarkable revenue increase of over 300% in 2023, reaching $78.7 million. As the IPO market heats up in 2024, fueled by rising investor optimism, Cerebras is preparing to go public on Nasdaq under the ticker "CBRS," riding the wave of enthusiasm for AI technologies and challenging industry leader Nvidia with its unique, large-scale chip solution.

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Science and Technology

Uber’s Plan to Combat Climate Change: Uber is gearing up to launch an AI assistant powered by OpenAI's technology to help drivers make the switch to electric vehicles (EVs) as part of its $800 million initiative to reduce emissions by 2040. Set to debut early next year, this smart chatbot will provide personalized advice on EV incentives and eventually expand its assistance to cover more topics, while Uber also rolls out programs to connect experienced EV drivers with those looking to make the leap and hosts pop-up events for customers to test drive electric models.

Nobel Prize Winners: Two scientists, Victor Ambros and Gary Ruvkun, snagged the 2024 Nobel Prize in Physiology or Medicine for discovering microRNAs—tiny molecules that flip genes on and off like cellular light switches. While their groundbreaking research hasn’t yet led to medical breakthroughs, it’s unlocking new ways to understand diseases like cancer and epilepsy, and could pave the way for future treatments.

Healthcare in 10 Years: By 2034, biotech could completely transform healthcare with gene editing, personalized medicine, and stem cell breakthroughs making hereditary diseases and organ shortages things of the past. While CRISPR might fix genetic disorders before birth and stem cells regrow body parts, ethical dilemmas around genetic selection and data privacy will keep us on our toes as we navigate this brave new medical world.

New Segment Announcement

⚠️New Segment Alert⚠️

We're launching a new segment to inspire you, celebrating entrepreneurs who’ve built their wealth at various stages of life. Whether young or old, people embark on their journey to success at different times, proving there's no set age for achieving greatness.

Business & Markets

October Prime Day 2024: Amazon's Prime Big Deal Days kicked off today, October 8, at 12:01 a.m. PDT, marking the unofficial launch of the holiday shopping season with Black Friday-worthy discounts on must-have items from top brands like KitchenAid, Samsung, and Lego.

FTX Will Repay Billions to Customers: FTX has officially received court approval for its bankruptcy plan, paving the way to repay customers using up to $16.5 billion in recovered assets after the once-thriving crypto exchange collapsed. With a goal to reimburse 98% of customers holding $50,000 or less within 60 days of the plan's effective date, FTX is aiming to set a new standard for complex bankruptcy proceedings, all while navigating the fallout from founder Sam Bankman-Fried’s scandalous mismanagement and ongoing legal issues.

SMC Stock Surge: Super Micro Computer's stock skyrocketed 16% after strong GPU shipments driven by AI demand, even though concerns about profit margins and accounting issues have caused some turbulence. With a potential double bottom on the charts and resistance levels ahead, investors are eyeing a possible rally to $70, while keeping $35.50 in mind for key long-term support.