A colation of Christian organisations has written an open letter to high-street banks in the UK, calling on them to stop financing new fossil-fuel extraction or risk losing their business.

The letter, published on Tuesday, is signed by the former Archbishop of Canterbury Lord Williams, the Methodist Church in Britain, the Scottish Episcopal Church, the Quakers, and several Roman Catholic religious orders. It opposes the $556 billion that Barclays, HSBC, Santander, NatWest, and Lloyds have reportedly provided to the fossil-fuel industry since the Paris Climate Agreement was signed in 2015.

Lord Williams said: “Banks are very understandably seen as institutions we need to be able to trust. What we are asking is that the main high street banks should show themselves to be fully worthy of that trust by playing their part in creating a future we can trust, a future in which our lethal dependence on fossil fuels will at last be put behind us.”

Read it all.

A coalition of Christian organisations has written an open letter to the UK’s high street banks, calling on them to stop financing new fossil fuels or risk losing their business https://t.co/d8hfnnyPUS

— Church Times (@ChurchTimes) November 19, 2024

The action is now moving beyond America. With over two-fifths of the world overweight or obese, demand for glp-1 drugs is voracious. Pharma companies are racing to make them work as pills, which would be cheaper to produce than jabs, and to reduce their side-effects. Generic versions for older GLP-1 agonists are entering the market. Semaglutide is to come off patent in Brazil, China and India in 2026; eight such drugs are in the works in China. That is just as well. As incomes in the developing world have risen and life has become more sedentary, people’s waistlines are catching up with those in the West.

Curbing obesity would be consequential. Yet glp-1 drugs promise to do much more. Overweight patients on semaglutide have been found to suffer fewer heart attacks and strokes; the benefits, astonishingly, seem to be largely independent of how much weight is lost. Tirzepatide improves sleep apnoea. Trials show that glp-1 agonists reduce chronic kidney disease in diabetics; and there are signs they may lessen brain shrinkage and cognitive decline in Alzheimer’s. Studies of health records suggest that they may help with addictions, too; people already on glp-1 drugs in America were less likely to overdose on opioids or abuse cannabis or alcohol. Researchers are even talking, in hushed tones, of their anti-ageing effects.

How can one class of drug do so much? As our briefing explains this week, not only do the drugs act in the gut, but they also bind to receptors all over the body and in the brain. 

Read it all.

I’ve been saying this for quite some time: GLP-1 agonists are miracle “everything drugs”! it’s likely there’ll be more of these types of drugs soon

“It’s not just obesity. Drugs like Ozempic will change the world
As they become cheaper, they promise to improve billions of lives” pic.twitter.com/61tc17dKRE

— Derya Unutmaz, MD (@DeryaTR_) October 24, 2024

Private Medicare insurers got about $4.2 billion in extra federal payments in 2023 for diagnoses from home visits the companies initiated, even though they led to no treatment, a new inspector general’s report says.

The extra payments were triggered by diagnoses documented based on the visits, including potentially inaccurate ones, for which patients received no other medical services, the report says. Insurers offering private plans under Medicare, known as Medicare Advantage, are paid more when patients have costly conditions.

Each visit was worth $1,869 on average to the insurers, according to the Office of Inspector General for the Department of Health and Human Services. The findings are similar to those of a Wall Street Journal investigation published in August. It showed that insurers between 2019 and 2021 pocketed an average of $1,818 for each visit based on diagnoses for which people received no other treatment.

The OIG recommended in Thursday’s report for the first time that Medicare restrict or even cut off payments for diagnoses from these visits. 

Read it all.

It is official now that the @HHSOIG has determined that #MedicareAdvantage health plans w/ @UHC leading the way received over $4B in diagnosis upcoding from home visits. Medicare Paid Insurers Billions for Questionable Home Diagnoses, Watchdog Finds https://t.co/OO1R4Alcwk

— Ed Gaines (@EdGainesIII) October 24, 2024

The Church Commissioners excluded, on ethical grounds, more than 800 companies from potential investment last year, including, they report, 38 companies that failed to engage with them over connections with Russia.

The figures are set out in their latest stewardship report, An Ethical and Responsible Approach, published last week. It is prepared annually to meet the reporting obligations of the UK Financial Reporting Council’s Stewardship Code and the Principles for Responsible Investment.

The total endowment fund was valued at £10.4 billion at the end of 2023 — up from £10.3 billion at the end of 2022 (News, 2 June 2023). The report covers the first year of the 2023-25 triennium, in which the Commissioners have committed themselves to distributing £1.2 billion in support of the Church’s mission — an increase of about 30 per cent on the previous triennium (News, 7 June).

Read it all.

The Church Commissioners disinvested, on ethical grounds, from more than 800 companies last year, including, they report, 133 companies that failed to engage with them over connections with Russia https://t.co/pPbbJCy0N8

— Church Times (@ChurchTimes) October 15, 2024

AtaLoss was founded in 2016 by Canon Yvonne Tulloch. When she was suddenly widowed, she realised how little she and those around her knew about bereavement, its difficulties and needs, and how hard it was to find understanding support. Yvonne had been trained in funeral ministry, but grief tends to be felt most in the months following the funeral.
 

As a society, we’ve not been good at talking about death. We’re loss-averse and death-denying. The two world wars and medical and economic advances are the major causes of our death denial. Death’s an inconvenient truth, and we avoid talking about it because it’s too painful. In a culture where we worship at the altar of success, losing people feels like failure.
 

We don’t even realise that we need to deal with grief, though it affects our lives so deeply.
 

We’re beginning to realise that change is needed, though, and there’s talk in the media about death, but this tends to be about preparing for death, not grief. We need to understand bereavement better — its profound impact on our physical and mental health — to help those left behind.

Read it all (registration or subscription).

Click below to read the @ChurchTimes interview with Roger Greene, Deputy CEO of @AtaLosscharity as he chats about his role,@thebereavementj, and his book Dancing When the Lights Go Out.https://t.co/0ynQ5bjVt3

— Loss and HOPE (@LossandHOPE1) October 11, 2024

“Nuclear Nightmare,” screamed the headline in Time magazine on April 9th 1979. One of the two reactors at a nuclear-power plant at Three Mile Island in Pennsylvania had suffered an accident. The governor ordered an evacuation of all vulnerable people within five miles of the plant as radioactive gas escaped.

In the end, the accident resulted in no injuries or loss of life. Two decades later, The Economist visited the Pennsylvania hinterlands and found the second, unproblematic reactor still running well and enjoying strong local support. It cranked out power until it was mothballed in 2019 owing not to safety concerns but to competition from cheap shale gas.

Now Three Mile Island is coming back from the dead. On September 20th Microsoft, a tech giant, and Constellation Energy, the utility that decommissioned the trouble-free reactor, signed a deal to return it to service. The utility will spend about $1.6bn to restore the plant by 2028. Microsoft will then buy its carbon-free power for the next 20 years.

Read it all.

Great look at how Big Tech is leveraging its market power and analytics to shift more project risk onto renewable energy developers:https://t.co/n3MsUpHbnj

— Lee Harris (@leee_harris) October 8, 2024

In 2022, Ian caused about $60 billion of insured losses. Milton may result in $60 billion to $75 billion of damages and losses, with some models showing the total reach as much as $150 billion, Chuck Watson, a disaster modeler at Enki Research, said in an X post.

Cat-bond investors may also take a hit from the inland flooding caused by Hurricane Helene. Moody’s RMS estimates that US private-market insured losses from Helene will be $8 billion to $14 billion.

“Helene was a one-in-a-thousand year rainfall event,” said Jonathan Schneyer, director of catastrophe response at CoreLogic Inc., a catastrophe-modeling firm in Irvine, California. “It shows the power of a hurricane further inland.”

Read it all.

Catastrophe bond investors made big profits in 2023 and narrowly dodged a payout for Hurricane Beryl. Milton will likely end that streak. The storm “could lead to one of the biggest reinsurance loss events in history” https://t.co/bZyBgbkjTc

— Amanda Kolson Hurley (@amandakhurley) October 9, 2024

Allison Jumper’s family was a picture of healthy living. Active kids. Wholesome meals. A freezer stocked with organic beef from her in-laws’ farm in Maine.

Then in late 2020, she got a devastating call from her brother-in-law. High levels of harmful “forever chemicals” had been detected on their farm and in their cows’ milk, and they were getting shut down.

At first, Mrs. Jumper worried only about her in-laws’ livelihoods. But soon, her mind went somewhere else: to her own children’s mysterious health issues, including startlingly high cholesterol levels.

“Then it hit me,” she said at her home in Durham, N.H. “Could it be the beef?”

Read it all.

Her family’s farm was hiding dangerous chemicals in their food https://t.co/6aYN9OtCNW

— Judith Enck (@enckj) September 23, 2024

You may

sense that governments are not as competent as they once were. Upon entering the White House in 2021, President Joe Biden promised to revitalise American infrastructure. In fact, spending on things like roads and rail has fallen. A flagship plan to expand access to fast broadband for rural Americans has so far helped precisely no one. Britain’s National Health Service soaks up ever more money, and provides ever worse care. Germany mothballed its last three nuclear plants last year, despite uncertain energy supplies. The country’s trains, once a source of national pride, are now always late.

You may also have noticed that governments are bigger than they once were. Whereas in 1960 state spending across the rich world was equal to 30% of GDP, now it is above 40%. In some countries growth in the state’s economic power has been still more dramatic. Since the mid-1990s Britain’s government spending has risen by six percentage points of gdp, while South Korea’s has risen by ten points. All of which raises a paradox: if governments are so big, why are they so ineffective?

The answer is that they have turned into what can be called “Lumbering Leviathans”. In recent decades governments have overseen an enormous expansion in spending on entitlements. Because there has not been a commensurate increase in taxes, redistribution is crowding out spending on other functions of government, which, in turn, is damaging the quality of public services and bureaucracies. The phenomenon may help explain why people across the rich world have such little faith in politicians. It may also help explain why economic growth across the rich world is weak by historical standards.

Read it all.

Governments are bigger than ever. They are also more useless https://t.co/kt5sIZ1OqF

— Igor Wortel (@itwortel) September 23, 2024

Climate optimism is fading. Higher costs, pushback from businesses and consumers, and the slow rollout of technology are delaying the transition from fossil fuels.

Renewable energy is growing faster than expected. But surging demand for power is sucking up much of that additional capacity and forcing utilities to burn fossil fuels, including coal, for longer than expected.

With greenhouse-gas emissions continuing at record levels, scientists expect floods and heat waves to get worse. This year is on track to be the hottest on record.

“The pace of our response is obviously totally insufficient,” said Sonia Seneviratne, a climate scientist at Swiss university ETH Zurich. On this trajectory, “it will become increasingly impossible to face the changing climate we are going to experience,” she said.

Read it all.

Climate optimism is fading as high costs and new priorities like AI push the energy transition down the priority list for businesses and investors. Climate week story taking stock of the setbacks w/ @edmballard:https://t.co/7tZDL7w0Sd

— Amrith Ramkumar (@AmrithRamkumar) September 23, 2024

Further tens of millions of pounds are to be pumped into efforts to drastically reduce the Church of England’s carbon emissions over the next six years, the first impact report on its net-zero programme says.

The report summarises progress on the General Synod’s ambition to achieve net zero by 2030, which was set in 2020 (News, 12 February 2020). The Synod approved a “route map” to this goal two years later (News, 15 July 2022).

In real terms, the target is to decrease the Church’s emissions — mainly from its buildings — by 90 per cent against the current baseline: 415,000 tonnes of carbon-dioxide equivalent (415,000T CO2e). The remaining ten per cent is to be offset by carbon-cancelling schemes, such as tree-planting and installing solar panels.

Read it all.

Further tens of millions of pounds are to be pumped into efforts to drastically reduce the Church of England’s carbon emissions over the next six years, the first impact report on its net-zero programme says https://t.co/GlXOa0tBpM pic.twitter.com/NAkFHUtMIL

— Church Times (@ChurchTimes) September 19, 2024

Cyber attacks pose a risk as big as terrorism and flooding, according to two of the world’s biggest insurance groups that are calling for state support to help the industry to absorb losses. 

Insurer Zurich and Marsh McLennan, the world’s biggest insurance broker, say in a new report that cyber threats are “outpacing the ability of traditional insurance and risk management approaches to fully mitigate them”.  There are “limits to the amount of financial loss” the private sector can absorb, the report says, given the potentially huge losses that could be caused by a cyber attack on critical infrastructure.

It proposes a number of steps to address this, including creating public-private partnerships to share losses from currently “uninsurable” events, such as a cyber attack that causes a widespread failure of key infrastructure.

Read it all (subscription).

Insurance groups urge state support for ‘uninsurable’ cyber risks https://t.co/H2zrEsMrLY

— Finance News (@ftfinancenews) September 4, 2024

Firms that manage drug benefits, which promise to keep a lid on high drug costs, instead steer patients away from less expensive medicines and overcharge for cancer therapies, Federal Trade Commission investigators found.

The FTC, in a report released Tuesday, detailed a number of actions that it said large pharmacy-benefit managers use to boost their profits and increase the spending of the health plans and employers that hired them to control costs. The actions can also lead to higher outlays for patients at the pharmacy counter, the agency said.

The findings follow a two-year investigation into the firms, known as PBMs, and calls from some lawmakers to rein in the firms’ business practices.

FTC Chair Lina Khan said the agency planned further scrutiny of big PBMs with the goal of making healthcare affordable. “Dominant pharmacy-benefit managers can hike the cost of drugs—including overcharging patients for cancer drugs,” she said. 

Read it all.

PBMs are a paradigmatic example of how a middleman meant to reduce costs and enhance efficiency becomes so bloated and powerful that it adds to costs and reduces efficiency. Great to see FTC addressing this issue!https://t.co/q0s3VC638W

— Kate Judge (@ProfKateJudge) July 9, 2024

Global defence companies are recruiting workers at the fastest rate since the end of the cold war as the industry seeks to deliver on order books that are near record highs.

A Financial Times survey of the hiring plans of 20 large and medium-sized US and European defence and aerospace companies found they are looking to recruit tens of thousands of people this year. Three of the largest US contractors — Lockheed Martin, Northrop Grumman and General Dynamics — have close to 6,000 job openings they need to fill, while 10 companies surveyed are seeking to increase positions by almost 37,000 in total, or almost 10 per cent of their aggregate workforce.

“Since the end of the cold war, this is the most intense period for the defence sector with the highest increase in order volume in a rather short period of time,” said Jan Pie, secretary-general of ASD, the European aerospace and defence trade association. 

Read it all (registration or subscription).

An FT survey of 20 industry groups has found that they are looking to recruit tens of thousands of people this year, as order books near record highs. https://t.co/ZCOnyOaJCK pic.twitter.com/in7XIqZByA

— Financial Times (@FT) June 17, 2024

For more than a year, FBI Director Christopher A. Wray has warned about a wave of election interference that could make 2016 look cute. No respectable foreign adversary needs an army of human trolls in 2024. AI can belch out literally billions of pieces of realistic-looking and sounding misinformation about when, where and how to vote. It can just as easily customize political propaganda for any individual target. In 2016, Brad Parscale, Donald Trump’s digital campaign director, spent endless hours customizing tiny thumbnail campaign ads for groups of 20 to 50 people on Facebook. It was miserable work but an incredibly effective way to make people feel seen by a campaign. In 2024, Brad Parscale is software, available to any chaos agent for pennies. There are more legal restrictions on ads, but AI can create fake social profiles and aim squarely for your individual feed. Deepfakes of candidates have been here for months, and the AI companies keep releasing tools that make all of this material faster and more convincing.

Almost 80 percent of Americans think some form of AI abuse is likely to affect the outcome of November’s presidential election. Wray has staffed each of the FBI’s 56 field offices with at least two election-crime coordinators. He has urged people to be more discerning with their media sources. In public, he’s the face of chill. “Americans can and should have confidence in our election system,” he said at the International Conference on Cyber Security in January. Privately, an elected official familiar with Wray’s thinking told me the director is in a middle manager’s paradox: loads of responsibility, limited authority. “[Wray] keeps highlighting the issue, but he won’t play politics, and he doesn’t make policy,” that official said. “The FBI enforces laws. The director is like, ‘Please ask Congress where the laws are.’”

Gift Article
Why this year’s election interference could make 2016 look cute
The first big AI crisis isn’t some hypothetical far off in the future. It’s coming on Election Day.
Opinion By Josh @Tyrangiel
May 30, 2024 at 7:30 a.m. EDT https://t.co/tVtkR6qJMe

— K_Conner (@kvconner) May 30, 2024

Prior to joining T. Rowe Price, Poppy Allonby spent more than twenty years at Blackrock, predominately in equity investment roles and latterly as Managing Director, Head of Global Product Group, EMEA & APAC. Between 2014 and 2022, she was on the Church Commissioners’ Board of Trustees and a member of its Assets Committee.

“I am delighted and honoured to join the Church Commissioners as its CIO, an organisation globally recognised as a leader in sustainable investment,” said Poppy Allonby. “My focus will be on delivering strong, consistent returns to meet the Commissioners’ core purpose, which is to support the mission and ministry of the Church of England – and to do so in an ethical, sustainable way.”

The Church Commissioners has provided the Church with over £3.5bn in funding since 2009, with £1.2bn to be distributed during the current 2023-2025 triennium – a 30% increase on the previous triennium, thanks in large part to the excellent investment returns generated by the Commissioners’ Investment team. The fund has delivered 14 years of positive returns, while building a reputation as a global leader in responsible investment.

Exciting news @ccsforengland! Poppy Allonby is their new #endowment CIO. Poppy brings +21 years of expertise to the #CIO role. @Matttoledo1 @ChiefInvOfficerhttps://t.co/XCcQDVITtG#alts #privatemarkets #energytransition #duediligence #compliance #ESG #Vidriofinancial

— Vidrio Financial (@VidrioFinancial) May 31, 2024

To keep Ukraine’s artillery crews supplied, the Pentagon set a production target last year of 100,000 shells per month by the end of 2025. Factories in Scranton and Wilkes-Barre, Pa., together make about 36,000 shells per month. The new General Dynamics facility in Mesquite, Texas, will make 30,000 each month once it reaches its full capacity.

The 100,000-per-month goal represents a nearly tenfold increase in production from a few years ago.

An Ohio-based defense firm called IMT is expected to make up the difference.

Less than a year ago, the surrounding area here in North Texas was just a dirt field. But with millions of dollars from Congress and help from Repkon, the American defense firm General Dynamics was able to open the factory about 10 months after breaking ground.

Read it all.

U.S. to build plant in Texas to produce 155mm shells for Ukraine – NYT

This will be the first plant the Pentagon has built from scratch since the war in Ukraine began. The plant will produce 30,000 artillery shells per month, about twice the current US production capacity.… pic.twitter.com/HLb19xfKS1

— Jürgen Nauditt 🇩🇪🇺🇦 (@jurgen_nauditt) May 30, 2024

OpenAI said on Tuesday that it had begun training a new flagship artificial intelligence model that would succeed the GPT-4 technology that drives its popular online chatbot, ChatGPT.

The San Francisco start-up, which is one of the world’s leading A.I. companies, said in a blog post that it expected the new model to bring “the next level of capabilities” as it strove to build “artificial general intelligence,” or A.G.I., a machine that can do anything the human brain can do. The new model would be an engine for A.I. products including chatbots, digital assistants akin to Apple’s Siri, search engines and image generators.

OpenAI also said it was creating a new Safety and Security Committee to explore how it should handle the risks posed by the new model and future technologies.

“While we are proud to build and release models that are industry-leading on both capabilities and safety, we welcome a robust debate at this important moment,” the company said.

OpenAI Says It Has Begun Training a New Flagship A.I. Model#LLM
via @NYTimes https://t.co/bWJHhNNbB5

— ronfriedmann (@ronfriedmann) May 28, 2024

Last May, Sundar Pichai, Google’s chief executive, said the company would use artificial intelligence to reimagine all of its products.

But because new generative A.I. technology presented risks, like spreading false information, Google was cautious about applying the technology to its search engine, which is used by more than two billion people and was responsible for $175 billion in revenue last year.

On Tuesday, at Google’s annual conference in Mountain View, Calif., Mr. Pichai showed how the company’s aggressive work on A.I. had finally trickled into the search engine. Starting this week, he said, U.S. users will see a feature, A.I. Overviews, that generates information summaries above traditional search results. By the end of the year, more than a billion people will have access to the technology.

A.I. Overviews is likely to heighten concerns that web publishers will see less traffic from Google Search, putting more pressure on an industry that has reeled from rifts with other tech platforms. On Google, users will see longer summaries about a topic, which could reduce the need to go to another website — though Google downplayed those concerns.

Read it all.

Google Takes the Next Step in Its A.I. Evolution https://t.co/dz8E5zBfI8

— postiglione@ucc.edu (@Postiglione5888) May 14, 2024

Although America has a deserved reputation as a country at the cutting-edge of innovation, fuelled by entrepreneurial vim, in recent years some economists have worried that this reputation no longer holds true. Startups have formed a smaller and smaller portion of the business landscape: in 1982 some 38% of American firms were less than five years old; by 2018, 29% were that young. The share of Americans working for startups likewise fell. Silicon Valley sizzled with high-tech wizardry, but its giant companies hoarded the best researchers, leading to a slower spread of new ideas throughout the country. Researchers, including at the Federal Reserve, pointed to this decline in dynamism as a cause of weaker productivity growth.

Suddenly, what was old appears to be new. An array of data indicate that Americans are rediscovering their go-getting spirit. The most striking evidence comes from applications to form businesses, a proxy for startup activity. These soared in mid-2020, when America was still in the grip of covid-19. The initial surge was easy to dismiss: some of the new firms were scams, trying to profit from the government’s financial assistance for small businesses; others reflected the strangeness of the moment, with companies set up to import face masks or flog hand sanitiser.

But now, well after the pandemic has faded away, the surge continues….Last year applications to form businesses reached 5.5m, a record.

Read it all.

America is in the midst of an extraordinary startup boom https://t.co/X5mmbAri7B from @TheEconomist: “A striking feature of the boom is its geographic spread…the new wave has fanned out to smaller cities around the country.” #RiseOfRest

— Steve Case (@SteveCase) May 12, 2024

The artificial-intelligence boom is sending Silicon Valley’s talent wars to new extremes.

Tech companies are serving up million-dollar-a-year compensation packages, accelerated stock-vesting schedules and offers to poach entire engineering teams to draw people with expertise and experience in the kind of generative AI that is powering ChatGPT and other humanlike bots. They are competing against each other and against startups vying to be the next big thing to unseat the giants.

The offers stand out even by the industry’s relatively lavish past standards of outsize pay and perks. And the current AI talent shortage stands out for another reason: It is happening as layoffs are continuing in other areas of tech and as companies have been reallocating resources to invest more in covering the enormous cost of developing AI technology.

“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side and a shortage on the other.”

Read it all.

“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side [in tech] & a shortage on the other” https://t.co/yfHihwU937

— Jim Russell (@ProducerCities) March 27, 2024

Mark Kelly of Recorded Future, a cyber-security firm, says his company is aware of about 50 hacking groups in China, including private firms working for the mss or People’s Liberation Army. There are undoubtedly many more. Mr Kelly describes China’s cyber-espionage efforts as “orders of magnitude” greater in scale than those mounted by Russia or North Korea.

As the indictment shows, they are surprisingly devolved. Some of them specialise in spying on different parts of the world, says Nigel Inkster, a former deputy head of Britain’s spy agency, mi6. They have considerable leeway to do as they wish, he says: “I’m not even sure that there is any kind of formal political clearance mechanism.” Much of their work is subcontracted to private firms. Last month a huge online dump of documents from one such company, i-Soon, showed its involvement in large-scale cyber-snooping on behalf of a variety of government agencies.

The West’s anxieties, not least about the hackers’ theft of corporate data, are becoming increasingly manifest. In January the head of the fbi, Christopher Wray, said that China’s state-sponsored hackers outnumbered his agency’s cyber-personnel by “at least 50 to one”. He added that China’s hackers are laying the groundwork for a possible Chinese strike, “positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities.”

Read it all.

The West’s anxieties about Chinese cyber-espionage are becoming increasingly manifest. But if it hopes that naming, shaming and sanctions will dissuade the spooks, it is likely to be disappointed https://t.co/MnQGij3lds 👇

— The Economist (@TheEconomist) March 27, 2024

A team led by Google scientists has developed a machine-learning tool that can help to detect and monitor health conditions by evaluating noises such as coughing and breathing. The artificial intelligence (AI) system, trained on millions of audio clips of human sounds, might one day be used by physicians to diagnose diseases including COVID-19 and tuberculosis and to assess how well a person’s lungs are functioning.

This is not the first time a research group has explored using sound as a biomarker for disease. The concept gained traction during the COVID-19 pandemic, when scientists discovered that it was possible to detect the respiratory disease through a person’s cough.

What’s new about the Google system — called Health Acoustic Representations (HeAR) — is the massive data set that it was trained on, and the fact that it can be fine-tuned to perform multiple tasks.

Read it all.

Google AI could soon use a person’s cough to diagnose disease

Machine-learning system trained on millions of human audio clips shows promise for detecting COVID-19 and tuberculosis. @marilenharo https://t.co/SyYt96CPk1

— Ashis Basu 🇨🇦 (@BasuAshis) March 22, 2024

Oceans marked 365 straight days of record-breaking global sea surface temperatures this week, fuelling concerns among international scientists that climate change could push marine ecosystems beyond a tipping point.

The consistent climb in temperatures reached a peak on Wednesday when the new all-time high was set for the past 12 months, at 21.2C.

The world’s seas have yet to show any signs of dropping to typical, seasonal temperatures, with daily records consecutively broken since they first went off the charts in mid-March last year, according to data from the US National Atmospheric and Oceanic Administration and the Climate Reanalyzer research collaboration.

Driven by human-caused climate change and amplified by the cyclical El Niño weather phenomenon that warms the Pacific Ocean, this exceptional heat has bleak implications.

Read it all.

„Climate graphic of the week: Oceans set heat records for more than 365 days in a row“ https://t.co/utI21M9PFM

— Özden Terli (@TerliWetter) March 18, 2024

An urgent care chain in Ohio may be forced to stop paying rent and other bills to cover salaries. In Florida, a cancer center is racing to find money for chemotherapy drugs to avoid delaying critical treatments for its patients. And in Pennsylvania, a primary care doctor is slashing expenses and pooling all of her cash — including her personal bank stash — in the hopes of staying afloat for the next two months.

These are just a few examples of the severe cash squeeze facing medical care providers — from large hospital networks to the smallest of clinics — in the aftermath of a cyberattack two weeks ago that paralyzed the largest U.S. billing and payment system in the country. The attack forced the shutdown of parts of the electronic system operated by Change Healthcare, a sizable unit of UnitedHealth Group, leaving hundreds, if not thousands, of providers without the ability to obtain insurance approval for services ranging from a drug prescription to a mastectomy — or to be paid for those services.

In recent days, the chaotic nature of this sprawling breakdown in daily, often invisible transactions led top lawmakers, powerful hospital industry executives and patient groups to pressure the U.S. government for relief. On Tuesday, the Health and Human Services Department announced that it would take steps to try to alleviate the financial pressures on some of those affected: Hospitals and doctors who receive Medicare reimbursements would mainly benefit from the new measures.

Read it all.

The hacking shut down the nation’s biggest health care payment system, causing financial chaos that affected a broad spectrum ranging from large hospitals to single-doctor practices. https://t.co/f5JZcFToFy

— NYT Science (@NYTScience) March 6, 2024

The world’s carbon dioxide emissions from energy rose yet again to a new high in 2023 despite fossil fuel use falling in the advanced economies of the EU and US, the latest International Energy Agency report shows.

Emissions reached a record 37.4bn tonnes as droughts and rising energy demand pushed up fossil fuel use, a rise of 1.1 per cent, or 410mn tonnes, compared to the year before.

This runs counter to the need for emissions to be cut by almost 45 per cent by 2030 to limit long-term global warming to no more than 1.5C since the pre-industrial era. Already the rise in temperatures is at least 1.1C, and last year was the hottest on record.

Higher emissions from India and China helped offset reductions in the EU and the US, as the developing economies remained heavily reliant on coal to meet energy demand even as they also develop cleaner energy. 

Read it all (subscription).

Emissions reach record high despite growth in clean energy, IEA says https://t.co/Z4yLX1GjCA

— Financial Times (@FT) March 1, 2024

Six days before Christmas, the US Department of Justice loudly announced a win in the ongoing fight against the scourge of ransomware: An FBI-led, international operation had targeted the notorious hacking group known as BlackCat or AlphV, releasing decryption keys to foil its ransom attempts against hundreds of victims and seizing the dark web sites it had used to threaten and extort them. “In disrupting the BlackCat ransomware group, the Justice Department has once again hacked the hackers,” deputy attorney general Lisa Monaco declared in a statement.

Two months and one week later, however, those hackers don’t appear particularly “disrupted.” For the last seven days and counting, BlackCat has held hostage the medical firm Change Healthcare, crippling its software in hospitals and pharmacies across the United States, leading to delays in drug prescriptions for an untold number of patients.

The ongoing outage at Change Healthcare, first reported to be a BlackCat attack by Reuters, represents a particularly grim incident in the ransomware epidemic not just due to its severity, its length, and the potential toll on victims’ health. Ransomware-tracking analysts say it also illustrates how even law enforcement’s wins against ransomware groups appear to be increasingly short-lived, as the hackers that law enforcement target in carefully coordinated busts simply rebuild and restart their attacks with impunity.

“Because we can’t arrest the core operators that are in Russia or in areas that are uncooperative with law enforcement, we can’t stop them,” says Allan Liska, a ransomware-focused researcher for cybersecurity firm Recorded Future.

Read it all.

Two months ago, the FBI “disrupted” the BlackCat ransomware group. They're already back—and their latest attack is causing delays at pharmacies across the US. https://t.co/iowdfRdtXY

— WIRED (@WIRED) February 28, 2024

Pharmacies warned of long waits for customers and U.S. military clinics worldwide have been affected after a cyberattack against one of the country’s largest prescription processors rolled into a third day of downtime.

Health industry experts said that a cyberattack against Change Healthcare, part of insurer UnitedHealth Group’s Optum business, could have severe and lasting consequences should outages continue past the weekend.

“It’s a mess, and I believe it’s our Colonial Pipeline moment in healthcare,” said Carter Groome, chief executive of healthcare-focused consulting firm First Health Advisory, referring to a 2021 cyberattack that forced the major fuel artery for the U.S. East Coast to shut down for six days, causing long lines at gas stations.

Change Healthcare was merged with Optum, a healthcare provider, in 2022 by UnitedHealth. Change Healthcare provides prescription processing services through Optum, which supplies technology services for more than 67,000 pharmacies and care to 129 million individual customers.

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📰via @WSJ:
Pharmacies warned of long waits for customers and U.S. military clinics worldwide have been affected after a cyberattack against one of the country’s largest prescription processors rolled into a third day of downtime. https://t.co/vc337OVkmS

— FDD's Center on Cyber & Technology Innovation (@FDD_CCTI) February 26, 2024

For decades, privacy experts have been wary of snooping from space. They feared satellites powerful enough to zoom in on individuals, capturing close-ups that might differentiate adults from children or suited sunbathers from those in a state of nature.

Now, quite suddenly, analysts say, a startup is building a new class of satellite whose cameras would, for the first time, do just that.

“We’re acutely aware of the privacy implications,” Topher Haddad, head of Albedo Space, the company making the new satellites, said in an interview. His company’s technology will image people but not be able to identify them, he said. Albedo, Mr. Haddad added, was nonetheless taking administrative steps to address a wide range of privacy concerns.

Anyone living in the modern world has grown familiar with diminishing privacy amid a surge security cameras, trackers built into smartphones, facial recognition systems, drones and other forms of digital monitoring. But what makes the overhead surveillance potentially scary, experts say, is its ability to invade areas once seen as intrinsically off limits.

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For decades, privacy experts have been wary of snooping from space. They feared satellites powerful enough to zoom in on individuals, capturing close-ups. Now, analysts say, a startup is building a new class of satellite whose cameras would do just that. https://t.co/fDxPpUWTZZ

— The New York Times (@nytimes) February 21, 2024

Russia, China and other U.S. adversaries are using the newest wave of artificial intelligence tools to improve their hacking abilities and find new targets for online espionage, according to a report Wednesday from Microsoft and its close business partner OpenAI.

While computer users of all stripes have been experimenting with large language models to help with programming tasks, translate phishing emails and assemble attack plans, the new report is the first to associate top-tier government hacking teams with specific uses of LLM. It’s also the first report on countermeasures and comes amid a continuing debate about the risks of the rapidly developing technology and efforts by many countries to put some limits on its use.

The document attributes various uses of AI to two Chinese government-affiliated hacking groups and to one group from each of Russia, Iran and North Korea, comprising the four countries of foremost concern to Western cyber defenders.

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"#Russia, #China & other U.S. adversaries .. using .. #ArtificialIntelligence tools to improve their #Hacking abilities & find new targets for online espionage, according to a report Wednesday from @Microsoft .. close business partner @OpenAI." @josephmenn https://t.co/V06CVI0Mvw

— Christina Ayiotis, Esq., CRM, CIPP/E (@christinayiotis) February 15, 2024