Western US Sees Record Low Snowfall: What This Means for Winter Weather Trends

Last weekend’s winter storm may have covered much of the country with significant snow and ice, but winter has yet to fully arrive in the Western United States. Several states are grappling with snow-induced drought.

According to Peter Goble, the assistant state climatologist, Colorado is experiencing its lowest snowfall amounts on record for this time of year. “All of our mountain ranges are well below normal,” he reported.

Utah is facing a similar predicament.

“We’re in uncharted territory right now, heading toward our lowest snowfall ever by February 1,” stated Kevin Perry, an atmospheric scientist at the University of Utah.

Scientists are increasingly alarmed about the implications for water supplies and wildfire risks later this year. Mountain snowpack in Western states serves as a crucial water source in spring and summer, directly impacting agricultural irrigation, wildfire dangers, and hydroelectric power generation.

Western snowpack data is sourced from the National Resource Conservation Service, which monitors more than 800 high-elevation monitoring stations across several mountain basins. Their measurements show that nearly all basins in the continental U.S. West are trending below average.

Only a few basins in the western United States are near average snow levels.
Natural Resource Conservation Services

While it’s not uncommon for some basins to fall below historical averages, it’s rare for nearly all Western regions to be facing snowfall deficits.

In Washington state, a recent climb to Mount St. Helens in mid-January revealed conditions resembling June rather than mid-winter, exposing large areas of volcanic rock near the crater’s rim.

The causes of the snow drought differ by region; however, unusually warm winter temperatures have resulted in more precipitation falling as rain rather than snow. Such was the case during a December atmospheric river storm in the Pacific Northwest.

“Washington, Oregon, California, and many Western states recorded their warmest December on record, leading to torrential rains and flooding not limited to mountainous areas,” mentioned Philip Mort, a professor at Oregon State University’s College of Earth, Ocean, and Atmospheric Sciences.

Currently, moisture flow has significantly diminished in the northwest.

In Utah, early seasonal rains during November and December melted lower-elevation snow, leaving the Wasatch Mountains looking heavily peak-laden, Perry noted.

“The high-elevation snowpack is relatively good,” said Perry, “but there’s a significant lack of low and mid-elevation snow.”

Colorado continues to experience hot and dry conditions.

“December 2025 was 9 degrees warmer than the statewide average and the warmest recorded since 1895,” Goble noted.

California’s snowpack, known for its boom-bust cycles, is looking better, especially in the southern Sierra Nevada, where several basins report above-average snowpack levels.

December 29th at Lake Tahoe in Glenbrook, Nevada.
Al Drago/Getty Images

However, immediate relief for the remaining areas thirsting for snow is unlikely.

The National Oceanic and Atmospheric Administration’s Climate Prediction Center forecasts: Dry weather across much of the West for the next two weeks along with temperatures above average in the coming month.

Mort suggests that regions west of the Cascade Mountains might recover with a few significant storms later this winter or spring.

However, in most parts of eastern Washington and Idaho, “the story seems already written, making change unlikely,” he explains.

Scientists are grappling with measuring climate change impacts on snowpack, as rising temperatures alter precipitation patterns. Snowfall trends are also swayed by natural fluctuations. A 2024 study in *Nature* indicated that climate change is responsible for the snowpack decline across the Northern Hemisphere.

Mort’s data on the western United States indicates a dramatic decrease.

“The narrative becomes clearer and more somber,” he stated.

If low snow conditions persist, it will exacerbate already tense negotiations among seven Western states over the distribution of the Colorado River’s water, crucial for 40 million residents. River flows are diminishing due to prolonged drought and the fact that users are allowed to withdraw more water annually than is available.

Earlier this month, the Bureau of Reclamation released draft water management strategies supporting 5.5 million acres of agricultural and hydropower operations across California, Arizona, Nevada, Colorado, New Mexico, Utah, and Wyoming.

States are actively negotiating long-term strategies for managing the river’s water to prevent Lake Mead and Lake Powell dams from experiencing “dead pool” conditions that would halt downstream river flows. However, reports indicate that these negotiations have stalled.

“In the short term, a low snow year could heighten the urgency to finalize these agreements,” said Goble.

Source: www.nbcnews.com

Amazon Sees Biggest Cloud Growth Since 2022 Following Major Outage

For the first time since its cloud computing unit experienced a significant failure that impacted various services from smart beds to banks, Amazon has made its financial data public.

Despite this global outage, Amazon Web Services (AWS) continues to thrive, reporting a 20% year-over-year revenue growth for the quarter. Analysts on Wall Street predict that AWS will generate a net revenue of $32.42 billion in the third quarter, while Amazon’s actual reported revenue stands at $33 billion.

“AWS is growing at a rate not seen since 2022,” CEO Andy Jassy mentioned in a statement during the earnings call.


Following the third-quarter earnings report that exceeded analysts’ forecasts, the company’s stock surged by approximately 9% in after-hours trading.

The earnings announcement underscored Amazon’s ambition to compete more effectively with corporations that have successfully capitalized on the AI boom. Amazon’s stock performance has trailed behind some major tech competitors, and its e-commerce operations are particularly vulnerable to the far-reaching and unpredictable tariff policies of the Trump administration compared to companies driven by software.

Value at roughly $2.4 trillion, Amazon reported that it significantly outperformed Wall Street’s expectations, largely due to the expansion of its cloud computing services. Analysts had anticipated earnings of $1.58 per share with net sales of $177.82 billion, whereas Amazon announced sales of $180.17 billion and earnings per share of $1.95.

AWS is facing mounting rivalry from alternative providers like Google Cloud and Microsoft Azure, the latter of which has established a partnership with OpenAI and reported robust growth in its cloud segment, boosting its stock prices.

Nevertheless, AWS remains a crucial component of the modern Internet, and the extent of its influence was inadvertently highlighted earlier this month when a glitch in its cloud services rendered websites, apps, cutting-edge products, and critical communication systems, including electronic health records, inoperable. The outage affected millions and lasted several hours, revealing how integral Amazon’s services are to everyday life.

During the earnings call, Amazon executives promoted the integration of AI tools like shopping assistant Rufus into its services. They also discussed Zoox’s plans to expand its robotaxi business, with self-driving service trials scheduled to commence in Washington, D.C., later this year.

Earlier this week, Amazon announced plans to cut 14,000 jobs at its headquarters, with more layoffs anticipated across the organization. This decision was publicly communicated through a blog post titled “Staying Agile and Continuing to Strengthen Our Organization,” which cited advancements in AI as a key reason, stating that the company aims to “function like the world’s largest startup.”

“We must remember that the world is rapidly evolving,” the Amazon post noted. “This generation of AI represents the most transformative technology since the Internet, allowing businesses to innovate unprecedentedly faster.”

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Jassy indicated in a blog post earlier this year that the company’s investments in AI would lead to a “reduction in personnel for some roles currently held.”

However, during a conference call with investors, Jassy clarified that the significant layoffs were not driven by AI, asserting that they stemmed from “culture” and that the company is focusing on a more flexible, startup-like approach.

“The announcement we made a few days ago wasn’t purely financial and hasn’t been so far—it’s not primarily AI-driven either. It’s fundamentally about our culture,” Jassy stated.

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Used Car Retailer Carvana Sees Potential Business Benefits from Trump’s Tariffs

Automakers are concerned that President Trump’s tariffs on imported vehicles and auto parts could soon drive up expenses and impact profits.

However, one company in the automotive sector sees tariffs as a potential benefit. Carvana, an online used car retailer known for its unusual “vending machine” towers for vehicles, is optimistic.

The tariffs, which include a 25% tax on automobiles produced in Mexico, Canada, Germany, and various other nations, are likely to drive up prices for new cars and trucks, pushing more consumers towards second-hand options. The administration announced on Monday that lowered tariffs on Chinese imports will not affect those on vehicles and auto parts.

“As car prices increase, Carvana finds itself in a relatively advantageous position as consumers seek more affordable and higher-quality vehicles,” stated Ernie Garcia, the founder and CEO of the company, in a recent interview. “We anticipate that this shift will lead more customers to second-hand cars and savings from online purchases.”

Trump asserts that the purpose of imposing tariffs is to encourage manufacturers to produce more goods and create jobs in the U.S., although he also suggests they will help address issues like illegal immigration and drug trafficking.

Automakers are preparing for the anticipated repercussions.

Recently, General Motors indicated that tariffs could elevate costs by $2.8 billion to $3.5 billion this year. Ford, which produces more vehicles domestically than GM, estimates a net cost of $1.5 billion due to tariffs. Toyota, importing many vehicles from Japan, predicted costs of $1.3 billion just for March and April.

Analysts warn that prices for certain imported vehicles might soar by as much as $10,000, and new vehicle sales could slow significantly this year.

Alan Hague from a consulting firm in Fort Lauderdale noted that Garcia’s perspective aligns with consumer behavior trends as retail dealers brace for changes.

“I believe we will see an increase in second-hand car sales due to tariffs, and more customers will flock to Carvana’s website as it remains their primary focus,” he remarked.

However, potential drawbacks exist. Should tariffs lead to a recession or significant price hikes in vehicles, both new and used car sales could decline. Currently, used cars at auctions average about $1,000 more than just two months prior.

Hague remarked that it may take a while for the full effects to manifest, as prices for most vehicles on dealer lots have not yet risen dramatically. The first set of imported models subjected to tariffs, enacted in early April, is just starting to arrive, with customs duties on engines, transmissions, and other parts coming into effect shortly after.

Regardless of the outcome, Carvana finds itself in a stronger financial position than in previous years.

In the wake of the Covid pandemic, which propounded a surge in online used car sales, Carvana became a favorite among investors, resulting in soaring stock prices. However, as demand began to wane, the company faced considerable losses while holding a considerable inventory of vehicles purchased at higher costs.

Simultaneously, rising interest rates followed Carvana’s acquisition of Adesa, a used car auction company, leaving analysts wary of the company’s survival due to the increased debt and losses. By February 2023, inventory levels had plunged.

Nonetheless, Garcia managed to renegotiate debts, lower costs, and streamline Carvana’s operations. Over several months, the company reduced its workforce, sold off inventory, and successfully turned Adesa into a cost-effective supplier for vehicles. Recently, the facility was established at 11 Adesa locations to repair and refurbish used vehicles.

These efforts have begun to pay off. Last week, Carvana announced record figures for the first quarter of the year. Profits reached $373 million, a significant increase from $49 million the previous year, selling 133,898 used cars—46% more than in the first quarter of 2024. The average gross profit per vehicle stood just below $7,000.

The company achieved this by maintaining a leaner inventory, reducing advertising spend, and employing around 4,000 fewer people than three years ago, effectively recovering much of the lost ground.

“From 2017 to 2021, our focus was on growth,” explained Garcia. “Over the past two years, we’ve unlocked efficiency, and that’s driving significant performance improvements.”

Garcia now aims for Carvana to sell between 500,000 and 3 million vehicles annually within the next five to ten years.

Many Wall Street analysts are regaining confidence in the company’s prospects, but a significant challenge remains. Finding skilled auto mechanics is quite difficult, and Carvana will require hundreds more to achieve its aim of refurbishing used cars for sale.

“Labor is a major bottleneck,” stated analyst Ronald George from City in a recent report.

Garcia expresses confidence in Carvana’s revamped business model and believes it will thrive, irrespective of shifts in U.S. trade policies.

“I think it demonstrates that customers are willing to buy cars online and that our online model delivers real value,” he concluded.

Source: www.nytimes.com

Uber Sees 14% Revenue Growth Despite Financial Concerns

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Uber seems to be boosting the global economy, despite concerns that consumers are moving away from vehicle use and delivery services.

The company announced on Wednesday that its revenue reached $11.5 billion in the last quarter. This marks a 14% increase from the previous year, slightly below what Wall Street analysts anticipated. Total bookings also climbed 14% to $42.8 billion, meeting expectations.

Investors are keen to understand the impact of President Trump’s recent tariffs on Uber’s growth trajectory. While the company’s core business is minimally affected by customs duties, a sluggish economy could deter customers from spending on rides and deliveries.

Nonetheless, Uber forecasts that bookings will rise between 16% and 20% in the current quarter, surpassing Wall Street’s 14% estimate. In a statement, CEO Dara Khosrowshahi remarked on the strong start to the year, despite “a dramatic backdrop of trade and economic news.”

Uber’s profit for the quarter was $1.8 billion, a significant turnaround from a loss of $654 million in the same quarter last year, which included a $721 million impact from the revaluation of an investment.

Additionally, Uber revealed several new partnerships related to self-driving cars over the first four months of the year, as part of a broader strategy to engage with the robot taxi sector, which poses competitive challenges.

In March, the company initiated an exclusive collaboration in Austin, Texas, with plans to launch in Atlanta soon alongside autonomous automotive partner Waymo. By May, Uber had established 18 active self-driving car partnerships.

While rides continue to be the main source of Uber’s profits, the food delivery segment has seen a growth of 15%. Recently, the company invested $700 million to acquire an 85% stake in Trendyol GO, a Turkish grocery and cuisine service.

Furthermore, Uber experienced a relief from increasing car insurance costs that had affected driver earnings. The company has bolstered its short-term and long-term insurance reserves over the last quarter compared to the previous year.

Source: www.nytimes.com

Microsoft Sees 18% Profit Surge Despite Reduced AI Spending

Following the launch of the ChatGpt Chatbot in 2022, Microsoft has been pouring substantial funds into developing a data center, as highlighted by one industry analyst. Dubbed “Constructing the largest infrastructure ever created by humanity.”

Nevertheless, the company has put the brakes on spending after 10 consecutive quarters marked by increased investment in artificial intelligence, as indicated in the financial results released Wednesday.

In the first quarter of 2025, Microsoft allocated $21.4 billion toward capital expenses, which is over $1 billion less than the previous quarter.

The organization intends to invest more than $80 billion in capital expenditures for the current fiscal year, which concludes in June. However, these pullbacks suggest that, even if marginally, the tech sector’s enthusiasm for AI spending might not be limitless.

Overall, Microsoft’s results showcased unexpected strength in its operations. Revenue surpassed $70 billion, marking a 13% increase from the same period last year. Profits rose by 18% to reach $25.8 billion. These results significantly exceeded Wall Street’s forecasts.

Satya Nadella, CEO of Microsoft, stated, “The cloud and AI are fundamental components for every business aiming to enhance efficiency, lower expenses, and boost growth.”

Following the announcement, Microsoft’s stock surged by over 5% in after-hours trading.

The company is aggressively expanding, and in the last quarter, Microsoft noted that sales would have been even greater if additional data centers were operational to meet the demand for cloud computing and AI services from its clients.

Sales for Azure, Microsoft’s premier cloud service, increased by 33% during the quarter, greatly surpassing Wall Street’s expectations, with nearly half of that growth attributed to AI services.

Investors have experienced fluctuations in infrastructure spending following reports from analysts at TD Securities in late February that Microsoft had exited several data center contracts. Analysts suggested that Microsoft is linked to a project intended to develop advanced AI systems, in collaboration with partner OpenAI. OpenAI is currently planning to partner with Oracle under the Stargate Project.

Microsoft has acknowledged a slowdown in projects in Ohio and Wisconsin, mentioning the suspension of “early stage projects” as part of its Refinement Process.

(The New York Times has filed a lawsuit against OpenAI and Microsoft, claiming copyright infringement related to AI system-generated news content. Both companies have denied the allegations.)

Analysts at Raymond James reported last week that they have not yet noticed significant reductions in spending from Microsoft’s Enterprise Cloud customers. However, they expressed concerns that tariffs and economic uncertainty could prompt customers to cut back on growth initiatives and focus more on maintaining operations.

Microsoft’s personal computing segment grew by 6%, reaching $13.4 billion, while commercial sales of productivity tools for businesses, including Excel, Teams, and Word, increased by 15%.

Microsoft’s results would have shown even greater performance if revenues exceeded $1 billion and profits had not been impacted by over $400 million due to the depreciation of the US dollar.

Source: www.nytimes.com

Alphabet’s revenue sees a 12% rise

Google may face a breakup after losing two antitrust laws, but for now, it can take solace in its substantial earnings.

Alphabet, Google’s parent company, reported first-quarter revenue of $900.23 billion, a 12% increase from the previous year. Net income also saw a significant jump to $34.544 billion. Earnings per share stood at $2.81.

While the revenue aligned with analyst expectations, the bottom line was particularly strong. Analysts had anticipated revenue of $8.915 billion and earnings per share of $2.02.

Google CEO Sundar Pichai attributed the impressive results to the overall growth and momentum of the business.

Following the positive financial report, Google announced a 5% dividend increase and authorized $70 billion in share buybacks. Stock prices, which had been moderately increasing before the earnings release, saw further gains in after-hours trading.

Despite initial setbacks earlier in the year, including a drop in stock prices due to economic disruptions caused by tariff policies, Google’s outlook is improving. Challenges such as changes in AI-driven search and ongoing antitrust battles pose risks, but the company remains resilient.

Recent legal rulings have raised concerns over Google’s market dominance, leading to discussions on potential breakup scenarios. While Google vows to fight antitrust charges, some experts argue that a breakup could be beneficial, citing historical precedents with IBM and Microsoft.

Historical cases like IBM’s antitrust battle and Microsoft’s legal challenges offer insights into the potential outcomes for Google. As Google’s growth slows down, analysts speculate on the company’s future trajectory amid evolving market dynamics.

Research firm Emarketer predicts a deceleration in Google’s ad revenue growth, highlighting shifts in the digital advertising landscape. Senior analysts underscore the importance of adaptability in the face of changing market conditions.

Source: www.nytimes.com

Elon Musk’s X company sees a resurgence in value with $44 billion acquisition.

Elon Musk’s social media platform X has reportedly surged to the $44 billion valuation he paid for it, marking a significant turnaround in his fortunes as the billionaire shifted from being a key ally of Donald Trump.

Investors recently assessed the platform, previously valued at $440 billion (£33.9 billion) on Twitter, through a secondary transaction, as reported by the Financial Times.

X is currently in the process of raising $2 billion from Fresh Capital in a major funding round by issuing new stocks to pay off debts exceeding $1 billion, which were evaluated at just $10 billion by existing investor Fidelity Investments in late September.

Musk, the world’s richest individual, took control of what was then Twitter in October 2022 and later rebranded it as X, tweeting “The Bird Is Free” in reference to the company’s logo. Subsequently, he made changes to the site’s moderation policy, resulting in some advertisers pausing or leaving.

Following a profanity-laden outburst at the New York Times Dealbook Summit in November 2023, Musk accused advertisers of attempting to “blackmail” him through boycotts, prompting legal action against the global advertising alliance and major companies like Unilever, Mars, and CVS Health for allegedly conspiring to avoid social networks.

The $44 billion valuation reflects a major shift for X and its investors, including Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital, and Fidelity Investments. The $2 billion primary fund raise was priced through the secondary agreement.

Since Musk’s acquisition, X’s revenue has declined, but it managed to record an adjusted profit of $1.2 billion last year. Additionally, Musk’s stake in SpaceX now surpasses his Tesla holdings as his most valuable asset, according to Forbes.

Forbes estimates Musk’s net worth at $323 billion, with his SpaceX shares valued at approximately $147 billion—about $2 billion more than his Tesla shares following a decrease in the automaker’s stock price.

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Source: www.theguardian.com

Apple sees high demand for iPhone 16 despite declining sales in China

Apple’s quarterly earnings report on Thursday revealed strong demand for the iPhone 16, with a slight dip in overall sales in China compared to the previous year. The company recorded revenue of $94.9 billion, up by 6%, and earnings per share (EPS) of $1.64, slightly beating Wall Street’s expectations of $1.60 EPS on revenue of $94.4 billion.

Revenue from iPhone sales reached $46.2 billion, higher than the $43.8 billion reported in the same period last year. Additionally, fourth-quarter revenue for the Services segment, including subscriptions, rose to $24.97 billion from $22.31 billion year-over-year.

The company also received a one-time payment of $10.2 billion following the annulment of the European General Court’s judgment demanding Apple to repay Irish taxes.

This earnings report marked the debut assessment of the iPhone 16’s demand, which was launched shortly before the close of the fourth quarter. The introduction of the latest iPhone was anticipated to boost Apple’s presence in China and help in reclaiming market share from competitors like Huawei and Xiaomi. According to a report by the International Data Corporation, Apple had dropped to the sixth position in smartphone retail rankings due to tough competition.

CEO Tim Cook lauded the release of the company’s “best products yet,” which now include Apple Intelligence in addition to the iPhone 16.

Apple Intelligence, a new feature providing enhanced privacy in AI, was recently launched, further strengthening the product lineup for the holiday season. The company did not specify the anticipated impact of Apple Intelligence on driving product demand during the holiday period.

Luca Maestri, Apple’s chief financial officer, expressed excitement about upcoming product launches and enhancements, emphasizing that the rollout of Apple Intelligence will evolve gradually.

Amidst a challenging year for Apple, marked by weak demand for its other devices, investors sought updates on iPhone 16 demand and the gradual rollout of Apple’s AI features, collectively known as Apple Intelligence.

Cook highlighted the positive consumer response to Apple Intelligence, noting a significant increase in iOS update downloads compared to the previous year.

The company continues to refine Apple Intelligence, with plans for further feature releases over the next months. Cook hinted at more advanced versions in the pipeline as well.

Apple has yet to launch Apple Intelligence in key markets like Europe and China, where competition remains fierce. In Asia, the Indonesian government has imposed a ban on iPhone 16 sales, alleging Apple’s failure to fulfill promises of increased local investments.

Source: www.theguardian.com

Throoples Dating App Feeld Sees Revenue Soar to £39.5m, Doubles Previous Year’s Earnings

The alternative relationship dating app has experienced global expansion and nearly doubled its revenue last year, thanks to non-monogamous, queer, and kinky users.

Founded by an entrepreneurial couple in an open relationship, Feeld is “on a mission to elevate the human sexual and relationship experience” from its registered office in Carlisle, Cumbria.

Feeld has surged in popularity due to the increasing interest in non-traditional relationship structures like polyamory. Last year marked its first time filing full accounts with Companies House.

The company’s revenue increased from £20.7 million to £39.5 million, with profits rising from £2.4 million to £5.5 million in 2023.

Most revenue comes from outside the UK, with £33 million in sales from overseas. The app is free to download globally but charges users for full services.

Founded in 2014 by Dimo Trifonov and Ana Kirova, Feeld (formerly 3nder) arose from their openness about their relationship.

Ana Kirova is CEO of Feeld, a company founded by her partner Dimo Trifonov. Photo: Field

Kirova joined the company early on when it faced legal issues with Tinder. She became CEO in 2023 and led a rebranding and tech upgrade to resolve initial glitches.

Company filings show ownership shifts since Kirova’s appointment, with Trifonov transferring shares to her. Previously, Trifonov owned the majority of shares.

Feeld’s growth involves strategic decisions rather than aggressive expansion. The company values member feedback and aims to support their personal journeys.

The company’s innovative approach has set it apart in the dating app industry, reflecting changing trends and member response.

Feeld’s growth story includes overcoming challenges, like a lawsuit from Tinder, to expand its team from eight in 2016 to nearly 50 employees.

Source: www.theguardian.com

Record-breaking auction sees Stegosaurus skeleton sold for $44 million


summary

  • A nearly complete stegosaurus skeleton sold at auction on Wednesday for a record-breaking $44.6 million.
  • Sotheby’s, which handled the auction, said the fossil was the best-preserved specimen of a stegosaurus of its size ever found.
  • The identity of the buyer was not made public.

A nearly complete 150-million-year-old stegosaurus skeleton sold at auction on Wednesday for a record-breaking $44.6 million.

Sotheby’s, which handled the New York auction, described the fossil as the “most complete” and “best-preserved” stegosaurus specimen of its size ever found. The massive skeleton, measuring 11 feet tall and 20 feet long, has been nicknamed “Apex.”

Dinosaur fossils It's estimated to be worth $6 million. But the price far exceeded expectations, setting a new world record for a fossil at auction after a bidding war that lasted more than 15 minutes, according to Sotheby’s representative Anna Tisci.

The identity of the buyer was not made public.

According to Sotheby’s, Apex’s skeleton was unearthed in 2022 near the town of Dinosaur in Moffat County, Colorado, on the private property of a paleontologist who discovered it but will remain anonymous. The bones were found in the Morrison Formation of sedimentary rock, which is centered in Colorado and Wyoming and extends to parts of 11 other states.

The auction house said the fossil was found with no other specimens nearby and no signs of injury, adding that signs of arthritis suggested the stegosaurus may have lived to an advanced age.

“Apex marks an enormous milestone as one of the finest fossils of its kind ever unearthed,” said Cassandra Hutton, Sotheby’s global head of science and popular culture. It said in a statement “Stegosaurus is one of the most widely known dinosaurs, and its unmistakable silhouette has fascinated and amazed people for generations,” the release said in a statement ahead of the sale.

Stegosaurus is a four-legged, armored dinosaur best known for the distinctive line of kite-shaped plates on its back.

The pointy-tailed dinosaurs lived during the Late Jurassic period, between about 155 million and 145 million years ago.

Another nearly complete stegosaurus fossil, known as Sophie, is housed at the Natural History Museum in London, but Apex’s skeleton is more than 30 percent larger, according to Sotheby’s.

The previous record for the most expensive fossil sold at auction was set in 2020 when a Tyrannosaurus rex skeleton named “Stan” sold for $31.8 million.

The first dinosaur sold at auction was the now famous “Sue the T-Rex“The Great Gatsby” was auctioned in 1997 and purchased by the Field Museum in Chicago, where the painting is on display, for $8.4 million.

Source: www.nbcnews.com

Las Vegas sees surge in mosquitoes carrying West Nile virus

summary

  • A record number of mosquitoes in and around Las Vegas are testing positive for the West Nile virus as mosquito populations across the region soar.
  • Local health officials are urging residents to take precautions to avoid being stung.
  • The situation in Las Vegas is a case study as climate change expands the reach of vector-borne diseases.

Record numbers of mosquitoes are carrying the West Nile virus in and around Las Vegas, prompting local health officials to issue a public warning. Take precautions To avoid getting bitten.

West Nile virus causes fever, headache, vomiting and diarrhea and is fatal in about 1 in 150 cases. There is no vaccine or medicine to treat or prevent the mosquito-borne disease.

In recent weeks, 169 of more than 24,000 mosquito swarms tested for West Nile virus in 25 Southern Nevada ZIP codes tested positive, meaning at least one mosquito in the swarm was carrying the virus. The number of mosquitoes and positive swarms recorded this early in the season broke the regional records for both indicators set in 2019.

“The mosquito population is huge and we've already seen significant numbers of mosquitoes carrying the West Nile virus,” said Vivek Raman, environmental health inspector for the Southern Nevada Health Department.

Health officials also identified six swimming pools in the Las Vegas area where people had tested positive for the St. Louis encephalitis virus, a mosquito-borne disease that causes potentially fatal inflammation of the brain.

For decades, climate scientists and public health officials have warned that climate change could increase the range of various infectious diseases, particularly those transmitted by mosquitoes. The Las Vegas mosquito surge and regional increase in West Nile virus outbreaks provide an important case study in how climate affects human health.

Climate change will increase the global average temperature and precipitation, creating ideal conditions for mosquitoes, who breed in still, warm water. It will also lengthen the warm season, lengthening the mosquito season. These changes will Human exposure risk Even in places where no cases have been recorded before, there is an increased risk of contracting diseases such as West Nile virus.

The first case of West Nile virus was recorded in Las Vegas in 2004, five years after the first case in the United States was recorded in New York City in 1999. The most recent West Nile virus outbreak in Las Vegas was five years ago, when 43 people were infected, and area health officials fear the situation could get even worse this summer.

Spring weather is coming to Nevada and much of the Southwest. It gets warmer Summer heat waves have become more intense in recent decades. In Las Vegas, the average spring temperature is 6.2 degree increase since 1970This month, the city has already A week of record-breaking heatwave.

Rising temperatures in Southern Nevada are creating favorable conditions for mosquitoes, said Nishay Mishra, an assistant professor of epidemiology at Columbia University. Additionally, the state's ongoing drought has lowered groundwater levels throughout the Colorado River basin, including Lake Mead, which could unexpectedly benefit the insects.

“Mosquitoes typically breed in places that are moist and hot,” Mishra says, “but in Nevada, when small bodies of water dry up, they create shallow water that's perfect for mosquito breeding.”

Las Vegas' mosquito surge has been enormous: Last year, local health officials counted 6,000 mosquitoes in traps set across Clark County between April and June. This year, the number is already over 24,000.

Most of these mosquitoes are Culex mosquitoes, which are the primary vectors of the West Nile virus. But another mosquito species that doesn't carry the virus, Aedes aegypti, has also become common in Las Vegas. It was first spotted in the area in 2017, and Raman attributes its spread in part to climate change.

Along with climate, human behavior also plays an important role in the spread of vector-borne diseases. Culex mosquitoes and Culex pipiens mosquitoes breed in many Las Vegas backyards, the former breeding in small pools of water such as those left by sprinklers, and the latter often breeding along the surface of untended swimming pools.

Raman said the best ways to prevent infection are to empty water containers outside, take care of swimming pools, wear protective clothing and use bug repellent to prevent insect bites.

Louise Ivers, professor of global health and social medicine at Harvard Medical School and director of the university's Global Health Institute, said situations like the one in Las Vegas will become more common as infectious diseases continue to rise around the world due to climate change.

“We expect to see new infections, the resurgence of old ones, and changes in the transmission patterns of existing ones like West Nile virus,” Ivers said. “We may no longer be able to do things that we were previously free to do without worrying as much about protection from vectors like mosquitoes and ticks.”

Source: www.nbcnews.com

Tesla sees largest revenue decline since 2012, yet stock prices remain on the rise

After the earnings release, Tesla stock plummeted by 10% in after-hours trading on Tuesday. This was despite missing Q1 2024 sales, having sharply lower profits, and recalling the recently launched $100,000 Cybertruck, which had seen a recent rise.

The electric vehicle maker’s revenue stood at $21.3 billion, slightly below expectations of $21.48 billion and down by 9% from a year ago, marking the largest decline since 2012. Profits were reported at $1.1 billion, a 55% drop from the first quarter of 2023, the company announced.

Despite the disappointing figures, the report also included upbeat news for investors. This included a preview of a ride-hailing app set to be integrated into Tesla products. The company revealed plans to bring new vehicle models to the market sooner than anticipated, citing the development of its robotaxi network.

Over the past three months, Tesla has doubled its AI computing capacity (smart software complexity) and invested $1 billion in AI infrastructure during the same period.


Thomas Monteiro, senior analyst at the company, mentioned that Tuesday’s report and Tesla’s plans to accelerate the development of more affordable vehicles helped alleviate some concerns among investors. “This announcement suggests that Elon [Musk] may refocus on the EV giant, which is positive news for shareholders,” he stated.

The earnings report was Tesla’s second since the launch of the Cybertruck, its long-awaited electric pickup truck. It was also the first report after the vehicle’s recent recall. The company faced challenges with the futuristic steel car, including a voluntary recall due to reports of a loose accelerator pedal potentially causing vehicles to become stuck when driving at full speed. Despite this, the company did not directly address the recall in its earnings release.

Even without the Cybertruck issues, Tesla has a tough year ahead as it announced a 10% reduction in its global workforce, affecting approximately 14,000 jobs. The company also slashed prices globally over the weekend. The entry of Chinese electric car manufacturers into the market has added to Tesla’s struggles in recent quarters.

Tesla reported a decrease in car deliveries for the first time in four years in the last quarter. The company warned that the growth rate in car sales could be considerably lower compared to 2023.

Addressing concerns about his workload, Elon Musk stated during the earnings conference, “Tesla consumes the majority of my work time. I work every day. I will ensure that Tesla prospers.”

Source: www.theguardian.com

Bitcoin sees continued strength in ETF inflows

Bitcoin (BTC) ended the week at around $52,150, marking a notable 7.9% increase from the previous week’s closing price of around $48,300. The week started with solid price gains, with BTC reaching a high trading price of around $52,800 on Thursday, but it stabilized within the $51,000-$52,000 range over the weekend, ending at just above $52,000. The transaction was completed.

marked last week Bitcoin returns to trading above $50,000 For the first time in over two years, the BTC ETF Spot has shown strong momentum following approval. The last time BTC traded above $50,000 was in December 2021, just after hitting an all-time high of $69,000 in November of the same year. This period was retrospectively recognized as the beginning of a significant downward trend that continued throughout 2022, with prices falling to around $16,000 by the end of the year.

Market momentum continued to be driven by high demand for BTC ETF Spot. Over the last week, cumulative net inflows into BTC ETFs totaled approximately $2.3 billion, nearly double the $1.2 billion recorded the previous week and nearly half of the total net inflows since inception, which currently stands at approximately $5 billion. Occupied.

Net inflows have remained consistently positive for 16 consecutive business days since January 26th. However, outflows from the Grayscale Bitcoin ETF (GBTC) increased slightly last week, reaching approximately $625 million, compared to the cumulative outflows of $415 million recorded the previous week. % increase. This suggests that investors are actively taking profits following the recent surge in BTC prices.

Among the nine ETFs launched on January 11th, the BlackRock Bitcoin ETF (IBIT) remains in the lead with more than $5 billion in assets under management (AUM), and currently has a total of approximately $6.2 billion. It becomes. Fidelity BTC ETF (FBTC) follows in second place with approximately $4.5 billion in assets under management, while 21Shares & ARK Bitcoin ETF (ARKB) secures third place with approximately $1.5 billion in assets under management. Last week, a fourth ETF passed the $1 billion AUM milestone, with the Bitwise Bitcoin ETF (BITB) reaching approximately $1.2 billion in assets under management.

Trading volumes remain strong, with cumulative trading volume for BTC ETFs reaching approximately $9.6 billion last week, with average daily trading volume exceeding $1.9 billion. Since January 11th, the cumulative trading volume has reached $45.3 billion, with an average daily trading volume of approximately $1.7 billion. These numbers represent above-average trading volume for the week, highlighting the strong buying pressure and activity surrounding these ETFs.

Analyzing the macroeconomic situation reveals that Federal Open Market Committee (FOMC) Meeting There are 30 days left. Market expectations are that there is a 90% chance that interest rates will remain unchanged, with the first 25 bps rate cut still expected for some time from the end of the second quarter to the beginning of the third quarter of this year. This expectation increases expectations for more accommodative monetary policy from the Fed and increases the risk exposure that market participants are willing to take. This has contributed to solid momentum in risk assets such as BTC, cryptocurrencies, and stocks, which recently pushed the S&P 500 to new all-time highs.

Source: the-blockchain.com

The holiday season sees ongoing cryptocurrency hacks and chaos

Welcome to Chain Reactions.

Get a roundup of TechCrunch’s biggest and most important crypto articles delivered to your inbox every Thursday at 12pm PT. Subscribe here.

If you’re feeling the holiday spirit this month, you’re probably aligning yourself with the millions of people who are spreading joy, love, warmth, and even generosity.

But if you’re feeling like the Grinch, you’re probably joining a smaller group of individuals, one that may (in this analogy) include crypto hackers. there is.

Even though it’s a fun season, hackers haven’t stopped. But hey, playing devil’s advocate, the attackers may be overjoyed every time someone falls for their scam. Two sides of the coin.

Earlier Thursday, hackers breached the code behind the cryptographic protocols used by multiple Web3 applications and services, crypto software and hardware wallet maker Ledger announced Thursday.

It was not immediately clear how many people were victims of the hack. ZachXBT, a well-known independent crypto researcher, wrote to X that one of the victims had over $600,000 in crypto assets leaked from his account.

Please see below for details.

what is happening in web3

  1. Users hacked in supply chain attack targeting Ledger cryptocurrency wallets
  2. Bitcoin ATM company Coin Cloud has been hacked. Even the new owners don’t know how.
  3. Worldcoin adds integration with Minecraft, Reddit, Telegram, Shopify, Mercado Libre
  4. Korus, a startup founded by Deadmau5, uses AI to create music

latest pod


this week's episode, Jacqueline We interviewed Johan Kerblatt, General Manager of Cryptocurrency at Robinhood.

Johan is leading applications efforts to grow the cryptocurrency exchange business and make digital assets more accessible to retail investors.

Before joining Robinhood, Johan was an engineer at Airbnb, served as Head of Engineering at Uber and VP of Engineering at privacy-focused crypto startup Iron Fish.

We discussed Robinhood's expansion outside the US, how the platform restricted holdings and trading of certain crypto assets in June, and the current situation.

We also discussed:

  • appeal to mainstream audiences
  • Grow your cryptocurrencies on the platform
  • Regulatory concerns
  • Robinhood’s 2024 Goals

apply Chain reaction upon apple podcast, spotify Or catch up on the latest episodes using your favorite pod platform. If you like what you hear, please leave a review.

follow the money

  1. Line Next secures $140 million in funding for its Web3 platform
  2. Lolli raises $8M in Series B to expand Bitcoin and cashback benefits to businesses
  3. Andalusia Labs raises $48 million in Series A to improve risk infrastructure for digital assets
  4. Dynamic raises $13.5 million from a16z cryptocurrency and Founders Fund for easy access to Web3 and cryptocurrency wallets
  5. Avalanche-based Nodekit raises $1.2M in pre-seed round to build rollup-focused network

This list was compiled using information from Messari and TechCrunch's own reporting.

what else are you writing?

Ready to step outside the world of Web3? Here are some TechCrunch articles that caught our attention this week.

  1. Mr. Tem’s latest lawsuit against Shane is wild (TC+)
  2. OpenAI believes superhuman AI is coming and wants to build tools to control it.
  3. AI is not evil and will not get smarter any time soon, but it is also irreversibly pervasive.
  4. Here's where founders mess up their pitch decks most often (TC+)
  5. Possible regulations surrounding generative AI (TC+) are on the horizon

Follow us on Twitter @Jacqmelinek Get the latest cryptocurrency news, memes, and more.

Source: techcrunch.com

Q3 Sees Another Drop in VC Funding for Foodtech Startups as Deals Decrease

Venture capital investment in the food technology sector fell for the eighth consecutive quarter in Q3 2023, with 205 deals reported reaching $2 billion in value. New PitchBook Report.

This is a 13.9% decrease compared to the previous quarter, when 268 investments were made worth $2.2 billion. And compared to the previous year, it was down more than 71%. At PitchBook, we consider “food tech” to be a field that includes alternative proteins, bioengineered foods, discovery and reviews, e-commerce, food production, restaurant and retail technology.

“It’s a little disappointing to see deal activity continue to be weak,” report author Alex Frederick, senior analyst for emerging technologies at PitchBook, told TechCrunch. “But the market is still developing.”

He believes one of the bright spots in the third quarter was Instacart’s IPO, and says there was excitement in that regard, especially since it did so well. But Frederick also said he hasn’t yet seen many other tech startups retreat.

He added: “The IPO window remains closed and venture activity will continue to be challenged.”

Investor opinion

Meir Rabkin, founder and managing partner of climate technology venture firm Blue Vision Capital, said in an interview that climate technology as a whole has been “very resilient” over the past two years. He notes that this resilience is about corporate valuations, and that the contraction felt in other sectors was not as widespread in climate technology.

Rabkin said investing in food tech is “a bit of a tough space” for a variety of reasons, including relatively high capital expenditures and time-consuming research and development.

“That being said, there’s a lot of disruption and innovation that needs to go on there,” Rabkin said. “It’s a very exciting space to be in.”

But Christina Rohr, managing director of food and agriculture investments at impact investment firm S2G Ventures, says capital constraints aren’t all bad.

She found that when the availability of capital decreased, companies’ business models became more resilient because founders considered more capital-efficient methods. She is also considering different types of collaborations, including licensing her models.

Lohr isn’t surprised that venture capital is lagging in food technology, as companies focus on achieving scalability and positive unit economics.

“We are in an environment that is influenced by commodity prices and supply chain costs,” Lohr said. “Given all of this, to be scalable, costs must be comparable to existing technology and products. With these large rounds coming together, investors are looking at technological milestones and , we look at the combined ability to achieve these milestones in a manner that has positive unit economics.”

Plant-based is not growing as fast

Meanwhile, the alternative protein sector saw $724.2 million invested in 46 deals in the third quarter. The report says venture capital funding for plant-based foods is “down significantly from its peak in Q3 2021,” but deal activity remains strong, with further increases for the second consecutive quarter. That’s what it means.

Despite the rise in plant-based investment deals, Pitchbook’s Frederick said the sector is “struggling” when it comes to meat substitutes, citing shrinking grocery store shelf allocations. Ta.

The reasons for this are primarily price and taste perception, and because these products are processed foods, it is difficult to get new customers to try these premium products, Frederick said.

“It’s hard to get it and keep it on the shelf,” he said. “Achieving results is critical for these companies.Currently, consumer packaged goods across the board are under significant challenge from rising prices.Consumers seek lower-cost alternatives. The trend is for plant-based beef companies to sell at a 2% price premium over conventional meat.”

Notable deals in alternative proteins in the third quarter include that of Meati. Series C extension is $200 millionMeatable’s $35 million round and €40 million raised is enough.

As seen on TechCrunch

Fresh capital injection puts Farmless on path to first alternative protein product

I wrote a funding update on Farmless, a company I reported on earlier this year. A Dutch startup working to develop alternative protein sources through fermentation technology has raised a further €4.8 million in seed funding. This will be applied to Farmless’ goal of discovering microorganisms that can be fermented and used in various food applications.

what else are you reading

Great deal: The Canadian Food Innovation Network has awarded Crush Dynamics approximately $2 million to develop and test new ingredients that improve food quality and reduce sugar and sodium content in foods. learn more.

Sustainable supply chain: The Clean Food Group has now received £1 million from the UK Government to fund a project to promote new low-emission food production systems. read more.

Cultured meat support: Alternative protein investor Big Idea Ventures has launched Nexture Bio, a startup that will develop scaffolding technology used to create 3D meat substitute products that more closely resemble whole cuts of meat. get the scoop.

Eye stain: The alternative seafood industry has a new advocate: the Future Ocean Foods Association, founded by Marissa Bronfman. It involves his 36 companies from 14 countries representing cultivation, plant-based and fermentation technologies. read more.

Next time I go to New York, I will: Stop by Eleven Madison Park to try The Every Company’s newly added plant-based egg alternatives to the menu. check it out.

If you have an interesting tip or information about something happening in the world of venture or food technology, please contact Christine Hall at chall.techcrunch@gmail.com or Signal at 832-862-1051. Anonymous requests will be honored.

Source: techcrunch.com