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- As the market is excited about the Federal Open Market Committee meeting.
- The meeting is centered on a weekend focused on the Fed decision and its significance for development and the financial markets.
Here is a summarized version of some top stories that were disseminated by the media this weekend:
Black Swan Author bangs Fed, BTC: Nassim Taleb revived his BTC.
Black Swan author strongly criticized the Fed for keeping interest rates at a highly adaptive range. “Zero interest rate for a longer time, you are damaging the economy, you are developing an illusion and lump such as BTC.” he elaborated. He revived his call for the tip crypto to dip too low as zero.
Disney-Comcast engaged in Conflict on Hulu: Hulu is owned by The Walt Disney Company.
Comcast Corporation is a 33% shareholder of the platform. The companies mutually dealt with giving the full charge of ownership in Hulu to Disney in 2024.
The chief executive officer of Disney, Bob Chapek, has revealed his wish to acquire the left-out share in Hulu. At the same time, Chapek advised renegotiating for a lower price, but Brian Roberts, the CEO of Comcast, denied it.
Tesla took legal action over misleading FSD Advertising: A Tesla Inc.
Tesla owners took legal action against CEO Elon Musk for misleadingly advertising the complete automatic driving software tech as completely operating or just nearby even though knowing that it was fictional and made vehicles risky. According to reports, he paid about $5,000 premium for his 2018 Model X to have “Enhanced Autopilot,” which got sold as a predecessor to the FSD software room.
Bluebird bio gets nod continuously: bluebird bio Inc.
Bluebird publicized that FDA accepted its gene therapy to cure a rare, genetic neurogenerative situation named cerebral adrenoleukodystrophy, which disturbs youngsters of age 4 to 17 years. Currently, the wholesale price of the medicine is $3 million, which makes it the topmost expensive medicine to date.
Elon Musk got praised.
The chief executive officer of Tesla got a pat on the back from Eric Schmidt, ex-CEO of google and executive chairman of Google and Alphabet Inc., for giving Ukraine SpaceX’s Starlink terminals.
Schmidt admitted that Musk is the real hero of this story and admired him for the speed of the internet Starlink gave at the time he was going somewhere by train in Ukraine.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
