Shambolic, Young-Old, Chilly, Audacious, Optimum

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News + Analysis at the Intersection of Globalization + Disruption + Politics

Caracal Global Daily
May 3, 2019
Curation and commentary from 
Marc A. Ross

Reporting from Alexandria, Virginia 


Shambolic, Young-Old, Chilly, Audacious, Optimum

TOP FIVE

✔️ Brexit-fatigued English voters punish main parties in local elections

✔️ Life begins at 60 — the rise of the ‘Young-Old’ society

✔️ Chamber of Commerce faces shut out in Washington

✔️ Model aircraft enthusiasts prove unlikely foe for Amazon

✔️ Jack Dorsey is Gwyneth Paltrow for Silicon Valley

ROSS RANT

7 reasons your communications is underperforming

From my participation in the halls of power in Westminster and Capitol Hill, on the campaign trail from Des Moines to Manchester, inside multinational boardrooms and trade association meetings, I find underperforming communications.

Based on this experience, these are the seven reasons communication efforts fail:

1. No clear and consistent strategy

2. Over-indexing on tactics

3. Poor organization and staffing

4. No consistency or editorial calendar 

5. Know-how is not shared and made available

6. Efforts are reactive and by chance

7. Online activities not in sync with offline activities

-Marc

GLOBALIZATION

WSJ: Brexit-fatigued English voters punish main parties in local elections

Britain’s ruling Conservative Party and its main opposition Labour Party suffered setbacks in English local elections, suggesting widespread frustration over the two parties’ handling of the UK’s withdrawal from the European Union.

The vote was the first major ballot since the postponement of Britain’s scheduled departure from the bloc.

Brexit blamed for rising strength of smaller parties with Lib Dems making gains.

Polling expert John Curtice said it was a case of “a plague on both your houses.”


The Times: Local election results: We’ll sort out Brexit, parties say

Brandon Lewis, the Conservative Party chairman, told BBC Radio 4’s Today programme: “We accept there is huge frustration and there’s a clear message we need to get [Brexit] done.”

These election results show one thing for certain: that the public do not like politics as normal.


Royal Baby
: Paddy Power has stopped taking bets on when Prince Harry and his wife Meghan's baby will be born, believing on Friday that it has already secretly arrived.

Bloomberg: For the UK, Huawei is now a matter of trust

Theresa May’s shambolic government, its handling of Brexit and now a highly-sensitive leak about China's Huawei Technologies has the UK’s closest allies wondering whether it can be trusted when it comes to intelligence.

Chinese app tracks every move that Muslims make: The Times, Chinese Muslims are unable to use their phone, fill up their car with petrol or even leave the house without being recorded by an unprecedented surveillance operation in the country’s far west, according to a rights group.

Nikkei: China in pole position for 5G era with a third of key patents

US and Japan lose market share, as Huawei and ZTE bulk up.

Pentagon warns on risk of Chinese submarines in the Arctic: Reuters reports, deepening Chinese activities in the Arctic region could pave the way for a strengthened military presence, including the deployment of submarines to act as deterrents against nuclear attack, the Pentagon said in a report.

A million people evacuated as deadly Cyclone Fani lashes India.

Trump is back at square one in Venezuela: The Times, the failure of Juan Guaidó’s attempted uprising in Venezuela represents a huge blow to Washington’s strategy for seeing President Maduro removed from office. The US threw its support behind Mr Guaidó more than three months ago, recognizing him as Venezuela’s legitimate leader and tightening sanctions on the Maduro regime. 

Cracks appear in US bipartisan unity on Venezuela: Reuters reports, Trump’s tough approach to Venezuela has won broad support from both Republicans and Democrats in the U.S. Congress, but this rare display of bipartisan consensus is starting to show signs of strain as the crisis in the OPEC nation drags on.

Standoff intensifies at Venezuelan embassy in Georgetown: WP reports, those occupying the embassy are largely American protesters given permission to stay there by Maduro’s government. Supporters of the Venezuelan opposition who have gathered outside since Tuesday are largely Venezuelan immigrants and Venezuelan Americans.

Veteran lawmaker poised to win Panama presidential election: AFP reports, voters go to the polls to elect a president on Sunday in booming Panama, with anti-graft candidate Laurentino Cortizo the favorite to succeed incumbent Juan Carlos Varela. Cortizo, a 66-year-old businessman and cattle rancher who campaigned on an anti-corruption ticket in a country tainted by Latin America's Odebrecht bribery scandal, heads into the election with a commanding lead in opinion polls.

CBC: Sask.'s highest court to release decision on province's challenge of federal carbon tax

The case involves the federal carbon tax the Trudeau government imposed on Saskatchewan and several other provinces on April 1.

But final decision will likely be made by the Supreme Court, say experts.


DISRUPTION

The microbots are on their way: Tiny sensors with tinier legs, stamped out of silicon wafers, could one day soon help fix your cellphone battery or study your brain. https://nyti.ms/2GUMtW5

Life begins at 60 — the rise of the ‘Young-Old’ society: As we live longer, healthier lives, the worlds of work and leisure are on the cusp of radical change. https://on.ft.com/2H0dh7s

Noah Smith: Blockchain hype missed the mark, and not by a little: The technology might still change the world, but all the skepticism seems warranted.

POLITICS

Trump finds in Barr the attorney general — and shield — he long sought: WP reports, Attorney General William P. Barr’s views on presidential power boost his status in the administration, even if he is not personally loyal to President Trump.

Democrats’ war with Attorney General boils over: NYT reports, Attorney General William P. Barr left Democratic lawmakers fuming after he failed to appear at a House Judiciary Committee hearing. Speaker Nancy Pelosi accused Mr. Barr of lying to Congress at an April hearing, which she said was a “crime.”

US added 263,000 jobs in April, beating expectations as record hiring streak continues

LAT: 2020 Dem candidate Jay Inslee's ambitious climate plan: 100% renewable energy by 2035

Inside Bernie Sanders’s 1988 10-day ‘honeymoon’ in the Soviet Union: WP reports, interviews with five people who accompanied Sanders on the trip, as well as audio and video, provide a fresh look at this formative time for Sanders, foreshadowing much of what animates his presidential bid.

The Chamber of Commerce faces shut out in Washington: WSJ reports, chilly relations with both the White House and congressional Democrats leaves the chief advocacy group for American corporations struggling to adapt to changing politics and shifts in the US economy.

Tim Harford: Real change requires experts to collaborate: Like scientific research, good policymaking now needs different perspectives. https://on.ft.com/2GSLWE6

COMMERCE

OTD: In 1788 The Star and Evening Advertiser, the world’s first daily evening newspaper, was published in London.

SoftBank is considering audacious fundraising plans, including a public offering of its $100 billion investment fund and the launch of a second fund.

SoftBank pumps $1bn into Colombian delivery app Rappi.

Facebook is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its social network.

Uber is alleged to have destroyed livelihoods and operated in Australia illegally, in a lawsuit brought by thousands of taxi and limousine drivers, broadening legal challenges ahead of one of the biggest initial public offerings this year.

FT: Model aircraft enthusiasts prove unlikely foe for Amazon

Tech industry insiders say hobbyists are effective lobbyists against commercial drones.

Nikkei: Amazon seeks profitability in Japan as it exits China

Prime membership fee rise means e-commerce group's other growing markets could be next.

Amazon says it will avoid a housing crunch with HQ2 by planning better than it did in Seattle: WP reports, former Obama press secretary Jay Carney, who now heads Amazon’s global corporate affairs, said the Washington area was selected primarily for its talent pool, but also because it’s “much more racially diverse” than the Pacific Northwest.

Adidas said that sales online and in China had pumped up profits and revenues in the first quarter, confirming its outlook for double-digit profit growth over the full year.

Sinclair Broadcast Group struck a deal valued at more than $10 billion to buy 21 sports networks from Disney, which agreed to sell them as part of its Fox transaction.

Nasdaq chief doubles down on data amid NYSE fight: FT reports, Adena Friedman tries to position New York exchange group as hub for technology.

Huawei overtook Apple to claim the No. 2 spot in smartphones in the first quarter, moving a step closer to its avowed ambition of displacing Samsung at the top of the market.

CULTURE

Jack Dorsey is Gwyneth Paltrow for Silicon Valley: The Twitter chief executive is tech’s foremost wellness guru, guiding his followers toward optimum cognitive performance. Or, at least, hunger. https://nyti.ms/2GTZrDj

RIP: Peter Mayhew, the towering Chewbacca in the ‘Star Wars’ films, dies at 74.

CBS News is expected to name two new morning co-hosts to join Gayle King: LAT reports, the news division is expected to name Anthony Mason and Tony Dokoupil to join Gayle King as co-hosts of “CBS This Morning,” which has struggled in the ratings over the last 18 months, according to people familiar with the plan who are not authorized to comment publicly.

O’Donnell is expected to become anchor of the “CBS Evening News.”

Dickerson, the former moderator of “Face the Nation,” is expected to join “60 Minutes” as a correspondent.

Gavin Williamson, Steve Bannon, Bobbi Brown, Quentin Tarantino, Formula E

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Gavin Williamson, Steve Bannon, Bobbi Brown, Quentin Tarantino, Formula E

Caracal Global Daily
May 2, 2019
Curation and commentary from 
Marc A. Ross

Reporting from Alexandria, Virginia 

Caracal Global Daily  = News + Analysis at the Intersection of Globalization + Disruption + Politics


TOP FIVE

✔️ May sacks UK defense secretary over Huawei leak

✔️ Pop-up outdoor roller skating rinks are coming

✔️ Steve Bannon’s alt-right academy — and one village’s fight to stop it

✔️ Quentin Tarantino's "Once Upon a Time in Hollywood" will run at Cannes 

✔️ How Formula E built a fan base from scratch

ROSS RANT

Living in a direct marketing world powered by the WWW

Today we have a micro-media and personalized broadcast communications environment which serves the needs of the end user.

When it comes to the WWW and the direct marketing communications environment, being multi-dimensional beats being single-dimensional. 

Surprise beats consistency. 

Emotion beats fact.

Funny beats dour.

Useful beats sales. 

Beautiful beats boring. 

Inspirational beats directional.

The best communicators understand this communications environment instinctively.

-Marc

GLOBALIZATION

Venezuela’s opposition held talks with government on ousting Maduro: WSJ reports, the opposition held secret talks with members of President Nicolás Maduro’s inner circle in recent months in an ill-fated bid to get Mr. Maduro to leave office.

The Times: US warns Moscow against propping up Maduro regime

Reuters: Maduro hangs on as Venezuelan protests peter out

US commitment to regime change in Venezuela tested
: FT reports, the administration weighs its next move after Juan Guaidó’s bid to oust Nicolás Maduro stalls.

Venezuela opposition’s plan to oust Maduro crumbles, leaving US to mull next steps: WP reports,the Trump administration has sent mixed messages about what role, if any, the U.S. military might play in resolving the crisis.

US Navy plans to extends its reach in the Arctic: WSJ reports, the Navy and Marine Corps are deepening their commitments to Arctic security and to operations in Alaska.

FT: May sacks UK defence secretary over Huawei leak

PM implicates Gavin Williamson in 5G disclosure but former ally denies responsibility.

Williamson will be replaced by Penny Mordaunt, who served as international development secretary. She is the UK’s first female defense secretary.

Williamson hits back at May over his sacking: FT reports, the former UK defense secretary says PM conducted ‘kangaroo court’ after Huawei leak.

For me, the removal of Gavin Williamson is the ultimate case study capturing the intersection of globalization, distribution, and politics. These forces are creating new operational rules which are checked by old government rules.

Why Boris Johnson looms large over the Brexit endgame: The prospect of the former foreign secretary becoming prime minister permeates all debates on what comes next. https://on.ft.com/2GVWulB

FT: US labour leader warns of ‘inferior’ China trade deal

AFL-CIO’s Trumka fears agreement will lack restraints on Beijing’s industrial subsidies.

Former CIA operative admits to spying for China: FT reports, a case officer pleads guilty after helping to decimate US espionage network.

Ex-CIA officer pleads guilty to espionage conspiracy with China: DW reports, a former CIA officer who is a US citizen from Hong Kong has been charged with conspiring with China to commit espionage. Jerry Chun Shing Lee allegedly received money in exchange for information, including agents' names.

“It’s the first time that we will have a great power competitor that is not Caucasian." -- Team Trump on China.

China's furtive underwater nukes test the Pentagon: Reuters reports, until recently, China lacked a reliable nuclear second-strike capability. Its ballistic missile submarines, which can deliver a nuclear weapon, are changing that. Now, the United States is pursuing these subs in a cat-and-mouse contest.

Nikkei: Trump spoils Xi's Belt and Road Forum, without even attending

Beijing's infrastructure initiative becomes symbol of US-China power struggle.

The Trump administration refused to send a delegation to the Beijing gathering, and well-known American business figures stayed away. Even the media center seemed short on American reporters.

China concluded that it would be difficult to secure interests in the Pacific and chose instead to look west to expand its own economic sphere. Strengthening relations with Central Asia, Eastern Europe, Southeast Asia, South Asia, and Africa was, in a way, avoiding a head-on clash with the US.


DISRUPTION

LAT: Pop-up outdoor roller skating rinks are coming to LA this summer

“The thing with roller skating is that people don’t even realize how much they’ve worked out going around the rink that many times,” said Ann Potenza, producer and founder of the Pop Sk8 events.
 
@ballmatthew: Almost every canceled show from the dawn of TV was canceled by data.

POLITICS

Barr won’t attend House hearing, following fierce session in Senate: NYT reports, Attorney General William P. Barr faced blistering criticism from Democrats about his characterizations of the Mueller report. The conflict escalated when Mr. Barr said he would not attend a House hearing. Democrats may now subpoena him, setting up a showdown.

Barr recasts McGahn’s account of Trump’s efforts to push out Mueller: WP reports, William P. Barr’s view of the episode with the former White House counsel provided the most revealing look yet at his rationale for determining there was not sufficient evidence to charge President Trump with trying to thwart the probe.

Tiger Woods is scheduled to visit the White House next week to meet with Trump.

Reuters: Biden's rise in 2020 race catches Trump's eye, unnerves his allies

Bloomberg: Biden campaign juggernaut forces other Democrats to recalibrate

WP: Biden says China is ‘not competition for us,’ prompting pushback from Republicans


“This will not age well,” Sen. Mitt Romney (R-UT) tweeted in response to Biden’s remark at an Iowa campaign stop.

I agree with Biden.


When I see China I see a nation copying the West:

Tall buildings
Clothing
Internet
Transportation systems
Hardware design
Sport leagues
"China Dream"

Where's the innovation?

I agree with Biden.

What's the one Chinese innovation that has changed your life? 
What's your favorite Chinese brand?
What Chinese university does your child aspire to attend?
What's your favorite Chinese company?
What's your favorite Chinese idea?

What's the US scared of?


Nikkei: Foxconn's Terry Gou assures Trump that Wisconsin plant is on track

At rare White House meeting, tech tycoon says facility will open in May 2020.

Bloomberg: Foxconn struggles to put Wisconsin first

Progress is slow on promises to create jobs and support business in the state.

Steve Bannon’s alt-right academy — and one village’s fight to stop it: How an Italian monastery became part of a plan for a populist Europe. https://on.ft.com/2H49ar1

COMMERCE

Volkswagen said profit dropped nearly 10% in the first quarter, hit by slowing growth in China.

Amazon dismissed the idea of running a fully automated warehouse in the near future, citing the superior cognitive ability of humans and the limitations of current technology.

CULTURE

LAT: Family in China paid $6.5 million to college admissions fixer for a spot at Stanford, sources say

Family paid $6.5 million to get their daughter into Stanford: WSJ reports. a family from China that paid a college counselor $6.5 million for help securing a spot at a top college did so to land their daughter at Stanford University, and connected to the counselor via Morgan Stanley.

LAT: BTS and Halsey lead new pop generation at Billboard Music Awards

Quentin Tarantino's much-anticipated new film "Once Upon a Time in Hollywood" will run in competition at this month's Cannes film festival, organizers said Thursday.

Makeup queen Bobbi Brown on selling a business, starting another https://bloom.bg/2GR87ua

Her new wellness line, Evolution_18, moves beyond skin deep to tackle inner beauty.

SPORT

@FOXSports will be producing a live show on Twitter every matchday called ‘FIFA Women’s World Cup Now' from Paris. 

How Formula E built a fan base from scratch: The all-electric motorsport tapped into e-gaming and social media to attract young supporters. https://on.ft.com/2GRNdv7

Now in its fifth series, the ABB FIA Formula E championship has succeeded in mobilizing an audience and public profile that has delighted sponsors and backers, not least in connecting with a younger, urban audience.

“We have a full team of community managers at the track commenting on almost everything that is happening before and during the race on social media, capturing content that is interesting in real time.” 

Champions League - Final Four (2nd Match):

Tottenham v Ajax - 8 May @ 3:00 pm ET (Ajax +1)
Barcelona v Liverpool: 7 May @ 3:00 pm ET (Barca +3)

Nicolás Maduro, Emperor Naruhito, William Barr, Robert Mueller, Caster Semenya, Urban Meyer

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Nicolás Maduro, Emperor Naruhito, William Barr, Robert Mueller, Caster Semenya, Urban Meyer

Caracal Global Daily
May 1, 2019
Curation and commentary from 
Marc A. Ross

Reporting from Alexandria, Virginia 

Caracal Global Daily  = News + Analysis at the Intersection of Globalization + Disruption + Politics


TOP FIVE

✔️ Guaido’s high-risk gamble flops as Maduro keeps grip on military

✔️ The brain makes no distinction between a broken bone and an aching heart.

✔️ Mueller complained to Barr about memo on key findings

✔️ Milken Conference trades rainbows for clouds

✔️ Caster Semenya loses appeal against IAAF testosterone rules

ROSS RANT

Brigadoon Annapolis 2019 | Salon Dinner + Sailing

Starting Thursday, September 12 please make plans to attend Brigadoon Annapolis | Salon Dinner + Sailing

Dinner will be held at Flamant on Thursday, September 12 and a morning cruise of the Chesapeake Bay will take place on Friday, September 13.

Cost per ticket is $355.00.

Secure your spot - here.

GLOBALIZATION

Venezuelans clash as small group of troops Joins Maduro: WSJ reports, opposition leader Juan Guaidó, flanked by a small group of heavily armed troops outside a military base, called for Venezuelans to protest to overthrow President Nicolás Maduro, setting up a potential armed struggle. 

NYT: Venezuelan opposition leader steps up pressure, but Maduro holds on

Venezuela's Guaido calls for 'largest march' in history
: Reuters reports, Venezuelans were expected to take to the streets for what opposition leader Juan Guaido pledged would be the 'largest march' in the country's history, a day after he called for the military to oust President Nicolas Maduro.

Guaido’s high-risk gamble flops as Maduro keeps grip on military: Bloomberg reports, it was a ploy that from its outset was a long shot.

WSJ - Editorial: High stakes in Caracas: Either democratic forces oust the regime, or Cuba cements its hold.

Arms binge: Defense spending in Turkey has surpassed the world’s top 15 arms purchasers, a reflection of the burden on the country’s strained finances after its foray into neighboring Syria, where it fought both Islamic State and US-backed Kurdish forces. Spending on NATO’s second-largest army rose 24 percent to $19 billion in 2018. Worldwide, military spending rose 2.6 percent last year to $1.82 trillion.

Kuwait on Wednesday inaugurated one of the world's longest causeways, linking the oil-rich Gulf state's capital to an uninhabited border region set to become a major free trade hub.

Crashed F-35A fighter jet located, US says: Nikkei reports, the F-35A stealth fighter that crashed off the coast of Japan has been found, and recovery efforts are underway, a U.S. Air Force commander said Monday. 

Japan’s new emperor accends to throne: WSJ reports, Japan welcomed Emperor Naruhito to the throne with dancing and fireworks at midnight—when the new emperor’s era, known as Reiwa, began.

Japan's new empress, Empress Masako, waves as she and Emperor Naruhito leave the Imperial Palace in Tokyo. (Photo by Akira Kodaka)

Charles Parton: The true cost of signing up with Huawei: There is nothing hysterical in doubting the wisdom of intimate contact with the CCP.

The formidably resourced Huawei propaganda machine wants to convince you that “if you don’t trade with Huawei, you don’t trade with China.”

China needs others as much as others need China.


Dragons, disrupted: Foreign suspicion is hemming in China Inc’s global rise: The Economist reports, if China wants to see more of its companies succeed abroad, it should cut them slack at home.

China, US hold 'productive' trade talks in Beijing: Reuters reports, China and the United States held "productive" trade talks in Beijing on Wednesday and will continue discussions in Washington next week, U.S. Treasury Secretary Steven Mnuchin said, as the two try to end their trade war.

Next week China’s Vice Premier Liu He will come to Washington for further talks.

OTD: In 1707 the English and Scottish parliaments merged after acts were passed in each house.

FT: Cameron falls short of target for $1bn China fund

Office of former UK prime minister hopes first fundraising round will be concluded soon.

UK Conservatives steer clear of Brexit ahead of elections: WSJ reports, candidates focus on local issues in a bid to counter voter exhaustion and anger that threatens Prime Minister Theresa May and her ruling party.

Therese Raphael: Jeremy Corbyn is playing a strong hand well on Brexit: The Labour Party’s contortions on Brexit are sound political strategy. The big question is whether it all holds together until the next national election.

FT: Julian Assange sentenced to 50 weeks in jail

WikiLeaks founder convicted for breaching bail in 2012 by hiding in the Ecuadorean embassy.

Sweden grants asylum to 2 Pussy Riot activists: DW reports, two members of the Russian protest group have won an appeal on their asylum claim in Sweden. The couple said they had received death threats and feared arrest if forced to return to Moscow.

Isabelle Mateos y Lago: Both sides would suffer in a renewed EU-US trade clash: Europeans should not be complacent about the effect of uncertainty on investment.

DISRUPTION

Rejection kills: The brain makes no distinction between a broken bone and an aching heart. That’s why social exclusion needs a health warning. http://bit.ly/2XVfJTi

POLITICS

@JamesMLindsay: #OnThisDay in 2011 Navy Seals raided Osama bin Laden’s compound in Abbottabad, Pakistan, killing the orchestrator of the 9/11 terrorist attacks. President Obama called it "a testament to the greatness of our country and the determination of the American people."

Mueller complained to Barr about memo on key findings: WP reports, a letter from special counsel Robert S. Mueller III to Attorney General William P. Barr and a subsequent phone call reveal the degree to which the men disagreed as they handled the probe of the president.

Mueller objected to Barr’s summary of report on Russia: WSJ reports, special counsel Robert Mueller said in a letter to Attorney General William Barr that Barr’s letter to Congress summarizing his office’s investigation failed to fully capture the context and substance of their probe.

As Trumps sue to block subpoenas, Democrats ponder impeachment: NYT reports, House Democrats see President Trump’s latest provocations as a dangerous abuse of power. The efforts have revived internal debate over the ultimate weapon in their arsenal: impeachment.

Trade wars hurt American farmers: US farmers’ personal income fell by the most in three years during the the first quarter of 2019 — the latest harbinger of potential political trouble for Trump stemming from losses linked to trade wars.

Democrats, Trump agree to aim for $2 trillion infrastructure package: WSJ reports, Democratic congressional leaders said President Trump agreed to aim for a $2 trillion infrastructure package, though the sides didn’t discuss how it would be paid for. 

LAT: Beto O’Rourke travels California seeking direction and his old spark

@jonallendc: Biden’s shock-and-awe campaign to the top:

* Big money
* Huge poll boost
* Hits ping off him like video-game defenders
* Quick pivot on impeachment obscures gaps with liberals
* Except Bernie, rivals won’t attack him directly


Hartford Courant: Quinnipiac Poll shows Biden with huge lead among Democrats

Biden 38%
Warren 12%
Sanders 11%
Buttigieg 10%
Harris 8%
O'Rourke 5%


COMMERCE

Stephen Gandel: The Milken Conference trades rainbows for clouds: Markets are up. Unemployment is down. Profits aren’t a disaster. So why are attendees so glum?

Server maker Super Micro to ditch "made-in-China" parts on spy fears: Nikkei reports, Super Micro Computer, the server maker at the heart of spy chip allegations last autumn, has told suppliers to move production out of China to address US customers' concerns about cyber espionage risks, according to industry sources familiar with the matter. Despite denying allegations that its Chinese-made motherboards had been implanted with malignant chips, US customers and especially government-related clients have asked Super Micro not to supply them with motherboards made in China because of security concerns, according to one company executive. 

Huawei plans world’s first 5G TV.

FT: Marriott takes aim at Airbnb with home rental service

World’s largest hotel operator opens a new front as industry grapples with online rivals.

Ford has borrowed anti-collision technology from its cars to build a supermarket trolley that children can't crash.

FT: Beyond Meat looks to raise up to $240m in upsized IPO

Plant-based meat substitute company could be worth $1.5bn after strong investor interest.

WeWork files for IPO.

FT: Ex-Google chief Schmidt steps down from Alphabet board

Board reshuffle comes after company issues disappointing earnings report.

Bloomberg: Ford partners with Amazon to enable package deliveries to trunks

ESPN Magazine to go web-only.

CBS embraces strategy of making shows for its rivals: WSJ reports, about a quarter of CBS-produced shows this year are for other platforms, from Netflix to Disney+.

CULTURE

K-Pop stardom lures Japanese youth to Korea despite diplomatic chill https://buff.ly/2vunMu3

Three tonnes of rubbish collected from Everest: AFP reports, a dedicated clean-up team sent to Mount Everest has collected three tonnes of garbage in its first two weeks, officials said Wednesday, in an ambitious plan to clean the world's highest rubbish dump.

SPORT

Caster Semenya loses landmark legal case against IAAF over testosterone levels: Guardian reports, the South African 800m star Caster Semenya has lost her landmark legal case against athletics’ governing body, the IAAF, in a decision that will send shockwaves through sport. It means that the 800m Olympic champion will have to take medication to reduce her testosterone if she wants to run internationally at events between 400m and a mile. The surprise verdict, which was announced by the Court of Arbitration for Sport after three arbitators had spent more than two months deliberating over the complex and highly contentious case, came even though Cas agreed that the IAAF’s policy was “discriminatory” to athletes with differences in sexual development (DSDs) such as Semenya.

Caster Semenya loses appeal against IAAF testosterone rules: DW reports, champion sprinter Caster Semenya has lost her appeal against regulations limiting testosterone levels in certain women's athletic events. The judges found the rule "discriminatory" but also said limits were necessary.

Drone Racing League teams up with Lockheed Martin on autonomous drones.

Reggie Bush might recruit Urban Meyer to end his retirement, coach at USC: SI reports, Bush said he and former teammate Matt Leinart might try to recruit Urban Meyer to end his retirement and coach at USC if head coach Clay Helton struggles in 2019.

@Brett_McMurphy: Updated @CFBPlayoff title odds via @SuperBookUSA: 

Clemson 2-1
Bama 5-2
Georgia 7-1
OhioSt 10-1
Mich, OU 14-1
LSU, Texas 25-1
ND, Wash 30-1
UF, Oregon, Neb, A&M 40-1
Auburn 60-1
Wisconsin 80-1
FSU, Iowa, Miami, MissSt, PennSt, USC, Utah, WashSt 100-1
MichSt, OkSt, TCU, VT 200-1