Feb 15, 2023 - 'Big Short' manager Burry, Farallon among hedge funds making bets on China

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From the Editor's Desk The Wild Logistics of Rihanna's Super Bowl Halftime Show When you’re the person (at least partially) responsible for Left Shark, you have to think about every possible way Super Bowl audiences watch halftime shows. That’s one of the many things Bruce Rodgers has learned over the 16 years he’s spent as production designer for the mid-game performance during American football’s biggest night. “Never again,” Rodgers laughs when asked if he considered including blue fish dancers for Rihanna’s Super Bowl LVII performance. Instead, the superstar made her comeback performance (it’s Rihanna’s first since the 2018 Grammys) atop seven platforms suspended anywhere from 15 to 60 feet above the field. And while the LED-lit platforms, which were arranged in different positions as the singer moved through hits ranging from “Bitch Better Have My Money” to “Rude Boy,” looked cool as hell, they also served a very practical purpose: They kept her off the grass.  Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work 'Big Short' manager Burry, Farallon among hedge funds making bets on China "Big Short" investor Michael Burry, Farallon Capital Management, and Coatue Management were among the prominent hedge fund managers who took large bets on Chinese companies ahead of the reopening of the country's borders in January after nearly three years of restrictions, securities filings showed on Tuesday. Work Bernstein, Biden's chief economist pick, big backer of 'worker power' U.S. President Joe Biden on Tuesday said he would nominate trusted confidante and long-time economic adviser Jared Bernstein to head the White House Council of Economic Advisers (CEA), part of a shakeup ahead of an expected 2024 campaign. � � � Work How Erdoan Set the Stage for Turkeys Disastrous Earthquake Response The authoritarian President has stuffed his government with corrupt and inexperienced loyalists. Can a kneecapped civil society fill the gap? Work Many companies and finance firms yet to set deforestation policy Almost half of the companies most reliant on the commodities responsible for deforestation, and the financial firms that back them, have no policy to rein it in, a report on Wednesday said. You Might Like � � � Work FIFA confirms U.S., Mexico, Canada automatically in '26 World Cup The U.S. men's national team, along with Mexico and Canada, will automatically qualify for the 2026 World Cup. Work As Home Sales Slow, Realtors Go Back to Their Other Jobs Some agents who pivoted into real estate during the pandemic now struggle to make a living. Work Zelensky Urges Speedy Help From Allies As Russia Batters Ukraine's Bakhmut Promised battle tanks last month, Ukraine is also desperate for fighter jets and longer-range missiles to nip any significant new Russian offensive. Work Airbnb confident on revenue as travel demand defies recession fears The home rental company said it saw continued strong demand in (the first quarter of this year, despite recession fears. Read more at straitstimes.com. You Might Like � � � Work You should dine out alone Solo dining is one of lifes great pleasures and privileges. Work Microsoft's Bing A.I. made several factual errors in last week's launch demo In showing off its chatbot technology last week, Microsoft's AI analyzed earnings reports and produced some incorrect numbers for Gap and Lululemon. � Work Bloomberg Work Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue The production halt adds to ongoing "execution issues" detailed to investors earlier this month by Ford CEO Jim Farley. � Work British PM Sunak explores public sector pay deal to end strikes: Report He is mulling giving healthcare and other key workers a lump-sum payment by backdating next years pay award. Read more at straitstimes.com. Work When relationships fail, this Croatian museum keeps the stuff left behind The mementos range from the mundane to the emotionally fraught. Read more at straitstimes.com. � Work While You Were Sleeping: 5 stories you might have missed, Feb 15 A selection of news stories that happened overnight, Feb 15, 2023. Read more at straitstimes.com. Work Flying objects could turn out to be harmless, US says A different conclusion could be reached if the debris is found and analysed. Read more at straitstimes.com. � Work Meet Chris Hipkins Meet Chris Hipkins - Jacinda Ardern's successor as Prime Minister of New Zealand Work Biden Administration Proposes Big Change To Benefits For People With Disabilities Supplemental Security Income recipients could receive meals or groceries without the government cutting their benefits. Work Love means sharing the champagne Stanford neuroscientists Karl Deisseroth and Michelle Monje-Deisseroth talk about finding love on campus and how they approach the career-family puzzle together. Work The gap between remote and onsite work narrows again Work is continuing to oscillate with the times Work Japan's hay fever season is here, and it's set to pack a punch The Tokyo area is forecast to have up to twice as much pollen over an average year. Work Biden drops candidates nomination to human rights post over Israel remarks Professor says his selection was dropped for describing Israel as an apartheid state and accusing Jeffries of being bought by Aipac Work Putin's war on Ukraine sent Russians scrambling to buy gold and stash their savings, fueling a fivefold surge in demand President Vladimir Putin encouraged the switch to gold by restricting sales of foreign currency and scrapping VAT on the yellow metal. Work Reddit aims for IPO in second half of 2023 Social media platform Reddit Inc is looking to go public later this year, likely in the second half, the Information reported on Tuesday, citing people familiar with the matter. Work DeSantis laughs off question about his 2024 presidential plans: 'Wouldn't you like to know' Florida Gov. Ron DeSantis offered a blunt response Tuesday when he was asked whether he would be running for president in 2024. Work Opinion | Netanyahus Judicial Coup Could Destroy His Start-Up Nation The greatest risk to Israel in the prime ministers radical judicial plan is now coming into focus. Work Justice Department tells court there's evidence of a crime in bid to force more answers from Trump attorney | CNN Politics Work The U.S. is not harvesting as many fish as it could, driving up imports Underfishing has become common in the U.S., which occurs when fish are harvested at a rate lower than would produce maximum sustainable yield. Work EU lawmakers approve effective 2035 ban on new fossil fuel cars The European Parliament on Tuesday formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035, aiming to speed up the switch to electric vehicles and combat climate change. Work Bloomberg Work The Michigan State University Shooting Is the 67th Mass Shooting This Year There have been more mass shootings than there have been days in 2023. Work Father of internet warns: Don't rush investments into A.I. just because ChatGPT is 'really cool' "Father of the internet" and Google internet evangelist Vint Cerf warned entrepreneurs not to rush into making money from conversational AI. Work Nikki Haley enters US presidential race: 5 things about her The former South Carolina governor and UN ambassador entered the US presidential race on Tuesday. Read more at straitstimes.com. Work Americas Most Eligible Billionaires Even the worlds richest people can be unlucky in love. From Elon Musk and MacKenzie Scott to Kim Kardashian and Tyler Perry, these billionaires are still looking for a Valentine. Work DeSantis says he could do away with AP courses altogether. Here's what that means for Florida students. Amid AP African American Studies course clash, Florida's governor hints that he is re-evaluating his state's relationship with the College Board. Work A salary below this amount is a dating deal-breaker for many Americans, survey shows why you should talk money on your very first date “It is essential to know that some financial goals and habits can be seen as deal-breakers, which is OK,” Kennedy says. “You and your partner will not always agree on everything, but that doesn\'t mean you have to conform to values that go against your financial morals.” Work Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer In Free-For-All AMA Last year, conspiracy theorists claimed that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage as a result of Russia’s invasion of Ukraine. Work U.S. Arrests Four More in the Assassination of Haitis President “That’s the way politics is done in Haiti, with a lot of murders and back room deals,” he said, adding that he did not believe the men arrested were the true masterminds behind the murder. Work Here come the 5% CDs Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey & Co., and is a Chartered Financial Consultant. His latest book, \"Storm Proof Your Money\", was published by John Wiley & Co. Work Elementary School. High School. Now College. Michigan State Students Are No Stranger to Mass Shootings. Reporting was contributed by Sam Easter, Jacey Fortin, Jenny Gross, Amanda Holpuch, Mike Ives, Jesus Jiménez, Lauren McCarthy, James C. McKinley Jr., Kwame Opam, Anushka Patil, April Rubin, Emily Schmall, Derrick Bryson Taylor, Remy Tumin, John Yoon and Jin Yu Young. Susan C. Beachy and Kitty Bennett contributed research. Work Mexico softens its ban on genetically modified corn after being pressured by the US 🌏 Asia: Turkey, Bhutan, Kyrgyzstan, and Saudi Arabia have all completely or partially banned GMOs. Saudi Arabia, for instance, has banned the import of genetically modified animals and their products but still imports genetically modified corn and soybeans, primarily from the US. Work What does it mean that Lael Brainard will head the US National Economic Council? It’s unlikely that the confirmation process will be smooth. The Senate will debate whether or not the candidate will reinforce the Fed’s aggressive hiking stance, which is creating recession fears. Work Electrification and Brexit are killing the British car industry Ford also announced layoffs today in Germany, citing a wide-ranging restructure of its business. As an American company, it’s likely being tempted by huge US government incentives to invest in a US-based EV production industry. Those incentives are even luring away British companies—yet another blow to the country’s struggling auto industry. Work Bronny James tops picks for Nike Hoop Summit The summit dates back to 1995 and has seen 253 past participants drafted into the NBA, with 90 top-10 selections and 14 No. 1 picks -- including Cade Cunningham (2021), Zion Williamson (2019), Deandre Ayton (2018), Markelle Fultz (2017), Ben Simmons (2016), Karl-Anthony Towns (2015), Andrew Wiggins (2014), Anthony Bennett (2013), Anthony Davis (2012), Kyrie Irving (2011), John Wall (2010), Derrick Rose (2008), Andrea Bargnani (2006) and Elton Brand (1999). Work Alice Neel: Striking images of America's ignored And if you liked this story, sign up for the weekly bbc.com features newsletter, called The Essential List. A handpicked selection of stories from BBC Future, Culture, Worklife and Travel, delivered to your inbox every Friday. Work 5 World Cup questions the USWNT need answered at the SheBelieves Cup Coming up against Brazil, Canada and Japan, the U.S. will be given three very different types of tests. That will be key to ascertaining how flexible the coach is willing to be, with all three requiring different methods for success. Indeed, as we saw at the 2020 Olympics, long gone are the days of the USWNT simply steamrolling opponents with superior athleticism. Andonovski has yet to prove his tactical adaptability beyond a doubt. -- Lawson Work Food Price Growth Ticked Back Up, Putting Burden on Consumers Still, food prices remain uncomfortably high for many consumers, especially lower-income people who spend a greater share of their money on food. Many parts of the Western United States continue to experience extreme drought, which has reduced supplies and pushed up prices for products like alfalfa hay, an important feed for livestock and dairy cows. Work Broadway and West End Theater Owners Agree to Join Forces A.T.G. has been expanding its presence in the United States, where it now owns, operates or manages 16 theaters, including not only the two Broadway houses, but also the King’s Theater in Brooklyn, the Colonial Theater in Boston, and theaters in Detroit, New Orleans, San Antonio, San Francisco and Sugar Land, Texas. Work Appeals court upholds $110,000 contempt fine for Trump in New York attorney general case In addition to huge financial damages, James\' suit seeks to permanently bar Trump and his children — Donald Trump Jr., Eric Trump and Ivanka Trump — from serving as an officer of a company in New York, and permanently bar the Trump companies named as defendants from doing business in New York state. Work Love means sharing the champagne Stanford neuroscientists Karl Deisseroth and Michelle Monje-Deisseroth talk about finding love on campus and how they approach the career-family puzzle together. Work Biden Administration Proposes Big Change To Benefits For People With Disabilities Supplemental Security Income recipients could receive meals or groceries without the government cutting their benefits. Work Broadway and West End Theater Owners Agree to Join Forces A.T.G. has been expanding its presence in the United States, where it now owns, operates or manages 16 theaters, including not only the two Broadway houses, but also the King’s Theater in Brooklyn, the Colonial Theater in Boston, and theaters in Detroit, New Orleans, San Antonio, San Francisco and Sugar Land, Texas. Work Georgia police officer arrested in connection with death of 16-year-old girl who was missing for 6 months, authorities say | CNN "The city of Doraville and its police department are fully cooperating with the Gwinnett (County) Police Department in its investigation of Mr. Bryant," the statement adds. Work 'Ted Lasso' Season 3 gets return date | CNN The sitcom, starring Jason Sudeikis as an American coach of a British soccer team, returns with a storyline in which "the newly-promoted AFC Richmond faces ridicule as media predictions widely peg them as last in the Premier League." Work Meet the Teenage Private Jet Detective There’s a tug of war over the size of the American home. On one side, there’s the dream of the sprawling single-family house. On the other, the reality of smaller families, rising energy costs and higher home prices. So more builders are working on creative ways to deliver smaller, but livable, homes. Here’s what some of the designs look like. Work Goldman Sachs CEO says odds of a 'softer landing' for U.S. economy have improved During the wide-ranging interview conducted by Credit Suisse analyst Susan Roth Katzke, Solomon said Goldman has a \"much tighter hiring plan\" this year after laying off about 3,200 workers last month. Work Worried residents near Ohio train derailment report dead fish and chickens as authorities say it's safe to return But Giannios said she and other residents haven\'t gotten all their questions answered, so in the meantime, she has started a Facebook page where people can keep in touch about their concerns. Work President Biden warns there will be 'catastrophic' consequences if America defaults on its debtAnd it's bad if it even comes close © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Work We cant keep living like this: Michigan governor denounces campus shooting According to the Gun Violence Archive, as of Tuesday there had been at least 67 mass shootings in the US in 45 days in 2023. The archive defines a mass shooting as one in which four people are wounded or killed, not counting any shooters. Work Daily Crunch: Microsoft dumps Yammer and makes Viva Engage its preferred enterprise social platform It’s easy to come away from a meeting not having caught every bit of what was discussed. That is where Otter.ai comes in with OtterPilot, its new AI meeting assistant. Aisha reports that this feature automatically sends an AI-generated summary of meeting topics to attendees with hyperlinks to key moments. It will also capture slide presentations and insert those in the summary, too. You can now safely get up and use the bathroom during your next virtual meeting and miss nothing. Work TechCrunch Live is going to Boston, and you're invited! Pitch-off!1:00 – 1:45pm PTWatch four Boston early-stage companies pitch their startups to a panel of judges, compete for a spot in the TechCrunch Startup Battlefield 200 and earn tickets to exhibit and attend TechCrunch Disrupt 2023 in San Francisco. Work Hear how Tonkean built its impressive board of directors on TechCrunch Live Have a startup and want to participate in Pitch Practice? Use this form and apply. We’ll select two companies before the show and one from the Hopin audience as a wild card. Every company will have two minutes to pitch their startup to Sagi and Joanne and then receive four minutes of feedback on the pitch. It’s free and fun. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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