Investors are anticipating interest rate cuts from the Federal Reserve, with expectations of a 50 basis point reduction in at least one of the upcoming meetings in 2024. This sentiment is driven by comments from Fed Chair Jerome Powell, who indicated there is 'ample room' for such moves. The market's response has been reflected in the performance of various ETFs, which are trending towards record highs.
Airlines like Singapore Airlines, British Airways, and Lufthansa have resumed flights over Afghanistan, previously avoided due to safety concerns. The shift comes as the Middle East has become a more significant risk, prompting airlines to reconsider their flight paths. This change in operations highlights the evolving dynamics of global air travel amidst geopolitical tensions.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.