Daily Digest-02/28/2024

Editor: Hyojin (Kaylee) Chae, World Salon Research Analyst
March 6, 2024
5 min read

Horizon Daily Digest

The World Salon is delighted to launch the "Daily Digest", where we handpick must-know news of each sector for our subscribers. In today's fast-paced world, staying informed is paramount, but it is easy to get overwhelmed by the numerous newsletters that bombards your inbox each day. Our solution offers a concise yet comprehensive overview of the most significant developments impacting various industries.

Health

The largest genome-wide association study of type 2 diabetes found discoveries:

The largest genome-wide association study of type 2 diabetes, published in Nature, has identified 1,289 genetic variants at 611 loci, 145 of which are discoveries. These variants were mapped to 37 cardiometabolic phenotypes, revealing eight nonoverlapping clusters associated with specific traits. The study also found that certain clusters were linked to increased or decreased insulin secretion and sensitivity. Additionally, the research showed that genetic variants could predict cardiovascular outcomes in diabetes. (MedicalNewsToday)

A recent spike in measles cases across the United States:

As the measles outbreak continues to spread across the United States, doctors and health officials are urging parents to ensure their children are vaccinated. With vaccination rates falling below the recommended 95%, the risk of further outbreaks remains high. Measles was once considered eradicated in the U.S., but recent years have seen a resurgence, mainly due to pockets of unvaccinated individuals. Experts emphasize the importance of vaccination for individual protection and community immunity. (NBC)

South Korea's plummeting birth rate is driven by a complex interplay of societal pressures:

South Korea's critically low birth rate of 0.72 children per woman is driven by the high cost of living, extensive work hours, and societal pressures. Factors such as career goals, financial limitations, and the competitive education system lead many to opt out of parenthood, while others struggle with work-family balance. Despite government incentives to encourage childbirth, the more profound issues persist, with many women feeling empowered by their decision to remain child-free. (BBC)

Finance

Google CEO addresses problematic text and image responses in the Gemini app:

Google CEO Sundar Pichai addressed the company's AI mistakes, leading to the temporary shutdown of the Gemini image-generation feature. Google is working around the clock to improve AI responses, implement structural changes, and improve launch processes. Pichai emphasized the importance of providing accurate and unbiased information to users. The company aims to build trustworthy products, leveraging its infrastructure and research expertise. (CNBC)

Consumer rights after massive AT&T outage:

AT&T reimburses customers affected by a nationwide cellular outage with a $5 credit, but customers should proactively ask for a reimbursement in future outages. The company's CEO said outages are a reality of their business, and the credit doesn't apply to all accounts. Customers should not wait for AT&T to determine eligibility and should call or use online portals to request credits. Federal law doesn't guarantee refunds for wireless outages, but the FCC proposed a rule for rebates in cable or satellite TV blackouts. (CNBC)

Citigroup hires Vis Raghavan from JPMorgan to lead its banking business:

Citi's hiring of Vis Raghavan as head of banking and executive vice-chair signals a shift in leadership at JPMorgan and an increase in ambition at Citi's dealmaking unit. At the same time, Citi aims to improve returns on its investment banking and capital markets business and break into the top three globally, despite remaining in fifth place for the past three years with a less than 5% market share, and despite a focus on costs during an overhaul that will see 20,000 jobs lost. (Financial News)

Energy

ABB and CERN developed a way to reduce energy consumption in CERN's cooling and ventilation systems:

ABB and CERN crafted a strategy to reduce energy use in CERN's cooling and ventilation systems. This initiative identified the potential to save up to 31 GWh of energy annually to supply 18,000 European homes and cut CO2 emissions by four kilotonnes. This effort reflects CERN's dedication to environmental sustainability and aims to share beneficial discoveries. Leveraging ABB's advanced technology and expertise, the project surpassed its initial target of achieving a 10-15% improvement in energy efficiency. Moving forward, CERN plans to upgrade motors that offer the greatest potential for energy savings selectively. (CERN)

The 45V tax credit for hydrogen production is being debated:

The debate over hydrogen is heating up, with a focus on the 45V tax credit. The draft rules for this credit require "green" hydrogen to be produced by new, adjacent renewable energy. However, proponents of hydrogen hubs argue that this is too strict, and existing renewable energy should also qualify. Critics warn that this could lead to increased emissions and utility bills. Additionally, there are concerns about the potential climate consequences if hydrogen is not handled carefully. (Energy News Network)

A high-resolution energy consumption atlas for the EU:

The European Commission's Joint Research Centre has developed an intricate atlas detailing energy consumption throughout the EU. This atlas draws on Eurostat's national energy balances, meticulously downscaled to 1kmx1km cells and enriched with various datasets. Integrated within the Energy and Industry Geography Lab tool, this comprehensive resource aims to support EU member states in hastening the deployment of wind and solar power solutions. (Smart Energy International)

Picture Resource:

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Editor: Hyojin (Kaylee) Chae, World Salon Research Analyst
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