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  • markets are ‘more sober’ than the dotcom bubble, but with troubling data-center math

    markets are ‘more sober’ than the dotcom bubble, but with troubling data-center math

    Deutsche Bank analysts have been watching Amazon Prime, it seems. Specifically, the “breakout” show of the summer, “The Summer I Turned Pretty.” In the AI sphere, analysts Adrian Cox and Stefan Abrudan wrote, it was the summer AI “turned ugly,” with several emerging themes that will set the course for the final quarter of the year. Paramount among them: The rising fear over whether AI has driven Big Tech stocks into the kind of frothy territory that precedes a sharp drop.

    The AI news cycle of the summer captured themes including the challenge of starting a career, the importance of technology in the China/U.S. trade war, and mounting anxiety about the impact of the technology. But in terms of finance and investing, Deutsche Bank sees markets “on edge” and hoping for a soft landing amid bubble fears. In part, it blames tech CEOs for egging on the market with overpromises, leading to inflated hopes and dreams, many spurred on by tech leaders’ overpromises. It also sees a major impact from the venture capital space, boosting startups’ valuations, and from the lawyers who are very busy filing lawsuits for all kinds of AI players. It’s ugly out there. But the market is actually “more sober” in many ways than the situation from the late 1990s, the German bank argues.

    Still, Wall Street is not Main Street, and Deutsche Bank notes troubling math about the data centers sprouting up on the outskirts of your town. Specifically, the bank flags a back-of-the-envelope analysis from hedge fund Praetorian Capital that suggests hyperscalers’ massive data center investments could be setting up the market for negative returns, echoing past cycles of “capital destruction.”

    AI has captured the market’s imagination, with Cox and Abrudan noting, “it’s clear there is a lot of hype.” Web searches for AI are 10 times as high as they ever were for crypto, the bank said, citing Google Trends data, while it also finds that S&P 500 companies mentioned “AI” over 3,300 times in their earnings calls this past quarter.

    Stock valuations overall have soared alongside the “Magnificent Seven” tech firms, which collectively comprise a third of the S&P 500’s market cap. (The most magnificent: Nvidia, now the world’s most valuable company at a market cap exceeding $4 trillion.) Yet Deutsche Bank points out that today’s top tech players have healthier balance sheets and more resilient business models than the high flyers of the dotcom era.

    By most ratios, the bank said, valuations “still look more sober than those for hot stocks at the height of the dot-com bubble,” when the Nasdaq more than tripled in less than 18 months to March 2000, then lost 75% of its value by late 2002. By price-to-earnings ratio, Alphabet and Meta are in the mid-20x range, while Amazon and Microsoft trade in the mid-30x range. By comparison, Cisco surpassed 200x during the dotcom bubble, and even Microsoft reached 80x. Nvidia is “only” 50x, Deutsche Bank noted.

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  • Three Alternatives to the Classic 60/40 Portfolio to Consider Now – The Wall Street Journal

    1. Three Alternatives to the Classic 60/40 Portfolio to Consider Now  The Wall Street Journal
    2. Challenges for the 60/40 Portfolio Strategy: Exploring New Investor Approaches  Investopedia
    3. With the traditional mix of stocks and bonds now riskier, here are ways to diversify, says BlackRock  MarketWatch
    4. The Collapse of the 60/40 Portfolio and the Rise of Hard Assets  AInvest

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  • ‘I still want to achieve’: people living with stage 4 cancer embrace Chris Hoy charity ride | Cancer

    ‘I still want to achieve’: people living with stage 4 cancer embrace Chris Hoy charity ride | Cancer

    Mel Erwin is pragmatic about what it took to get her on a bike. “I have one and a half lungs. I’m on a treatment drug. I don’t identify as sporty. I wouldn’t have done it without a goal.”

    This Sunday the 57-year-old will roar up the Campsie Hills north of Glasgow in a “camp as Christmas” sparkly cape alongside her partner, Sarah, and 3,000 other participants.

    It’s all part of the inaugural Tour de 4, a charity ride conceived by Sir Chris Hoy with the aim of challenging assumptions about those living with stage 4 cancer.

    The roaring is literal: during months of training, Erwin has found vocalising “really helps” on steeper inclines. And the pink and gold sequins encapsulate the spirit of celebrating each day woven through the event, a hallmark of Hoy’s approach to his own stage 4 prostate cancer.

    The six-time Olympic gold medallist stunned the UK late last year when he revealed that his cancer was incurable, with a prognosis of between two and four years to live.

    Hoy’s honesty and grace in sharing his circumstances moved Erwin, who has been living with stage 4 lung cancer for five years. “It’s rare that people speak out about having stage 4 cancer. The shame, the confusion, it’s not something we speak about,” she said.

    Hoy describes this unique event, where those living with stage 4 cancer will cycle alongside their loved ones to raise funds for cancer charities across the UK, as “an opportunity to push limits”.

    Different routes and levels of participation are tailored to the individual’s physical capacity – from riding a static bike for as little as one minute in the Sir Chris Hoy Velodrome in Glasgow, to three outdoor routes of increasing length and elevation.

    Chris Hoy in 2008. His ‘honesty and grace’ about living with stage 4 cancer moved Mel Erwin to take part. Photograph: Steve Parsons/PA

    “This is not about being the fastest,” Hoy has reassured participants. “It’s about preparation, about showing up, riding your way and being part of something bigger than all of us.”

    This notion of it being a movement inspired Erwin, who lives in east London, to get involved. “It’s about being part of a community. It’s really isolating having cancer – stage 4 cancer in particular,” she said.

    Hoy’s motivation is “to shine a spotlight on what a stage 4 cancer diagnosis can look like and demonstrate that it is possible to live well and lead a happy life alongside this devastating diagnosis”.

    It’s an attitude that resonated powerfully with Christine Lote, from Bristol, who was diagnosed with stage 4 bone cancer on her eldest daughter’s third birthday last June. In the “whirlwind of overwhelm and heartbreak” that followed came Hoy’s announcement and his memoir All That Matters. Lote, whose daughters Sophie and Chloe are now two and four, appreciated how Hoy had written about “navigating your diagnosis as a family”.

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    Christine Lote, who was stage 4 bone cancer, will take to Scotland’s Campsie Hills in the Tour de 4. Photograph: Adrian Sherratt/The Guardian

    “Looking back, I’d like my girls to see I was part of something that did challenge me, at a time where I could have easily not been so willing,” she said. “I want to set that role model for them – to be positive and you can still achieve things.”

    A particular achievement for Lote, who trained on the Bristol and Bath railway path, has been re-learning to pedal with a prosthetic after her right leg was amputated below the knee.

    “It’s been such a focus this year,” she said. “Obviously, I can’t completely forget about the cancer when I’m out there cycling, but I’m not thinking too much about the ‘scan-xiety’ and other stuff, I’m thinking about the cycling.”

    Many people who have experience of cancer describe a brutal loss of trust in their own bodies – because cancer can often hide undetected. For Erwin, the training has eased this. “There’s something about keeping the wheels turning, the fact that my muscles, thighs, heart, lungs, everything is working in synchronicity.”

    Hoy, Lote and Erwin acknowledge that not everyone with stage 4 cancer can manage a physical challenge like this, and the event is organised around inclusivity. Lote has gathered a list of names from her Instagram page of people who would have loved to have taken part but are now too sick, and will carry it in her cycle jersey.

    “Unfortunately, many people I know and love aren’t well enough to do this challenge,” said Erwin. “Me and Christine both know one day that will be us. We’re doing what we can now to raise awareness and to celebrate. But it’s also painful, that’s the reality. On the day, there will be tears because we’ve lost people along the way and one day people will lose us.”


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  • Alphabet and these two other stocks are overbought with the market near all-time highs

    Alphabet and these two other stocks are overbought with the market near all-time highs

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  • Revealed: Arsenal’s stance on Leandro Trossard exit with Turkish transfer window still open amid Besiktas links

    Revealed: Arsenal’s stance on Leandro Trossard exit with Turkish transfer window still open amid Besiktas links

    • Arsenal’s stance on Trossard revealed
    • Besiktas keen on signing the Belgian
    • Trossard signed new contract in August

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  • Watch the action from FP3 at Monza as Lando Norris goes fastest

    Watch the action from FP3 at Monza as Lando Norris goes fastest

    Lando Norris brought his Friday form forward by topping the timesheets during Free Practice 3 ahead of the Italian Grand Prix.

    After setting the pace in second practice, Norris again held the quickest lap in the weekend’s third and final hour by pumping in a time of 1m 19.331s at the wheel of the McLaren, putting him 0.021s clear of Ferrari’s Charles Leclerc – who had a couple of big moments during the session – in P2.

    Oscar Piastri slotted into third in the other McLaren, with Red Bull’s Max Verstappen placing in fourth while the Mercedes of George Russell and Kick Sauber’s Gabriel Bortoleto followed in fifth and sixth respectively.

    To watch all the action from Free Practice 3 at Monza, hit go on the video player above.

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  • ‘Special’—David Beckham Drops Lionel Messi Career Hint

    ‘Special’—David Beckham Drops Lionel Messi Career Hint

    Inter Miami co-owner David Beckham hinted that he expects his star forward Lionel Messi to continue playing as the hunger for success still burns brightly within him.

    Doubts over Messi’s future have been raised for years. The 38-year-old has already twice retired from international soccer only to return to win his first major honors for Argentina. Messi will be out of contract when his deal with Miami expires in December and is yet to commit to an extension.

    The wriggling forward didn’t do much to quell speculation surrounding his uncertain future after appearing in his final competitive international on Argentinian soil earlier this week. In the immediate aftermath of an emotional 3–0 victory over Venezuela, Messi admitted: “I don’t think I’ll play in the next World Cup. Given my age, the most logical thing is that it won’t happen. I’m excited, eager, but I’m taking it day by day, match by match.”

    When pushed on his involvement in the 2026 World Cup, Messi insisted that no decision had yet been made. He was similarly non-committal when it came to his future at club level. “We finish the season at the end of the year, and hopefully we can be MLS champions,” he added. “Then preseason comes, and I’ll have six months left. I’ll see how I feel.”

    Beckham, however, appears to believe that Messi “still wants more.”

    “A special night for a special person…” Beckham wrote on Instagram. “Everything has been achieved but he still wants more, not for himself but for his country… Last night Argentina celebrated Leo in the way he truly deserves… felicitaciones leo.”

    Despite his seniority, Messi hasn’t shown too many signs of ageing. In the space of just 17 MLS starts this year, Inter Miami’s captain has racked up 19 goals and eight assists. The eight-time Ballon d’Or winner is his side’s most prolific scorer and creator, orchestrating almost every attacking move his side put together.

    The slower pace of international soccer hasn’t yet passed Messi by. Surrounded by a fleet of enthusiastic and energetic young forwards for Argentina, the veteran skipper is the team’s undisputed talisman. Since leading his nation to a second successive Copa América triumph in 2024, Messi has directly contributed to eight goals (five scored, three created) in seven appearances.

    READ THE LATEST SOCCER NEWS, TRANSFER RUMORS AND MATCH REACTION


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  • Iraq’s premier says he hopes producers will reconsider oil export quota

    Iraq’s premier says he hopes producers will reconsider oil export quota

    Toddler evacuated from Gaza with rare disease recovers from malnutrition in Italian hospital


    NAPLES: Since arriving emaciated in Italy from Gaza, little Shamm Qudeih has celebrated her second birthday and gained weight on a new diet that includes a special porridge — progress welcomed by doctors treating her for severe malnutrition worsened by a genetic metabolic disease.

    Just weeks ago, the toddler was all skin and bones as she clung to her mother in a hospital in southern Gaza, after months of being unable to get the food and treatment she needed because of an Israeli blockade aimed at pressuring the Hamas militant group to release hostages. Then she was evacuated to Italy for medical treatment, along with six other Palestinian children.

    A striking photo of Shamm wincing in her mother’s arms, with her hair matted and ribs protruding from her chest, was taken by Associated Press freelance journalist Mariam Dagga just days before the child left Gaza on Aug. 13. It was one of Dagga’s last images. She was among 22 people killed in an Aug. 25 Israeli strike on the same hospital in southern Gaza.

    More than half a million people in Gaza, a quarter of the population, are experiencing catastrophic levels of hunger because of the blockade and ongoing military operations, the world’s leading authority on hunger crises said last month. Gaza City, in the north, is experiencing famine, it said.

    Toddler perks up

    By this week, Shamm was sitting up, alert in a hospital crib in Naples, her fine blonde hair pulled into a high ponytail. She wore a T-shirt emblazoned with the word “cute.” Her wide eyes gleamed as her older sister and mother called her name from across the room, and she broke into a smile.

    Weighing around 4 kilograms (9 pounds) when she arrived in Italy, Shamm was “in a serious and challenging clinical state,” said Dr. Daniele de Brasi, a pediatric genetic disease specialist who is treating her at Santobono Pausilipon Children’s Hospital in Naples.

    She now weighs 5.5 kilograms (just over 12 pounds), which is still no more than half of the median weight for a child of her age, de Brasi said.

    The doctor said “a big part” of her undernourishment was due to a genetic metabolic disease called glycogen storage disease, which interferes with the absorption of nutrients, particularly carbohydrates, and can cause muscle weakness and impede growth. The condition is primarily managed through a high-carbohydrate diet.

    So far, “We are very satisfied with her progress,’’ de Brasi said.

    A mother’s struggle.

    Israel military offensive on Gaza has killed more than 64,000 Palestinians in nearly two years of fighting. The Gaza Health Ministry, which is part of the Hamas-run government and run by medical professionals, does not say how many were civilians or combatants but that around half of those killed were women and children.

    The family was forced to move more than a dozen times, and Shamm’s mother, Islam, struggled to get her proper medical care, visiting many hospitals and clinics. Doctors suspected the rare condition but could not test for it, much less treat it properly. They sometimes offered antibiotics.

    “It became worse as a result of the lack of food, treatment and possibilities,” Islam said in an interview with Shamm resting on her shoulder. “We have been displaced maybe about 15 times, from tent to tent. We walked long distances and, along the way, it was hot, and the sun was hitting us.”

    For a while, doctors administered a special formula, but Shamm would not take it, having lost the habit of drinking milk after supplies in Gaza became scarce.

    The UN warned last month that starvation and malnutrition in Gaza are at the highest levels since the war began. Nearly 12,000 children under 5 were found to have acute malnutrition in July — including more than 2,500 with severe malnutrition, the most dangerous level. The World Health Organization says the numbers are likely an undercount.

    A final photograph in Gaza

    It was at Nasser Hospital in the southern Gaza city of Khan Younis that Dagga photographed Shamm for the last time on Aug. 9. During the visit, Shamm cried in pain in her hospital bed. Her arms, legs and ribs were skeletal, her belly swollen.

    Islam had gone to school with Dagga, who visited the hospital, and remembered her fondly.

    “She was always coming to the hospital to check on me and Shamm,” right up to the day of their departure for Italy, Islam said. “She stayed until the last step of the stairs to say goodbye to me.”

    After arriving in Italy, Islam learned that Dagga had died in an attack that killed four other journalists.

    “I was upset when I heard and knew that she had died,” Islam said.

    Ongoing treatment

    Shamm is among 181 Palestinian children being treated in Italy, according to the Italian Foreign Ministry. About one-third of those have arrived since March, when Israel ended a ceasefire with Hamas and imposed the 2 1/2 month blockade on all imports, including food and medicine.

    Israel denies there is starvation in Gaza, despite accounts to the contrary from witnesses, UN agencies and experts. It says it allowed enough aid to enter before and after the tightened blockade and has allowed increased supplies in recent weeks.

    In Naples, Shamm now has a feeding tube in her nose to ensure she gets the right mix of nutrients overnight. Doctors aim to remove the tube in about a month. During the day, she is free to eat solid food, including meat and fish. A cornerstone of her diet is the carbohydrate-rich porridge.

    Her current intake is around 500 calories a day, which doctors are gradually increasing.

    “In these cases, growing too fast can cause problems,” de Brasi said.

    Her 10-year-old sister, Judi, was brought to Italy as an accompanying family member, and doctors began treating her after noting that she was at least three or four kilograms underweight, de Brasi said. She has gained two kilograms (nearly 5 pounds) and is in good condition.

    With both daughters improving, Shamm’s mother is allowing herself to experience relief. But it is too soon to think about going back to Gaza, where Shamm’s father is.

    “Now there is no way to go back, as long as the war is going on. There are no possibilities for my daughters,’’ she said.

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  • US military delivers essential supplies to flood-hit Pakistan

    US military delivers essential supplies to flood-hit Pakistan



    ANI |
    Updated:
    Sep 06, 2025 18:02 IST

    Islamabad [Pakistan], September 6 (ANI): The United States military aircraft delivered essential supplies to Pakistan in response to the devastating floods that have affected the country.

    “US military aircraft delivered essential supplies at the request of the Pakistan military in response to the devastating floods. At Nur Khan Air Base, CDA Baker extended her deepest condolences to the people of Pakistan, whose lives have been uprooted by the widespread, catastrophic flooding,” US Embassy in Islamabad wrote in a post on X.
    According to the Inter-Services Public Relations (ISPR), six flights are scheduled to arrive carrying crucial relief supplies, including tents, dewatering pumps, and generators.
    The first flight arrived on Saturday, where the US Charge d’Affaires and the Commander of US ARCENT were present to hand over the relief goods to the Pakistan Army officially. The supplies will be transported to Army Flood Relief Camps for distribution among those affected.
    The Government and people of Pakistan have expressed gratitude to the US Government and military for their timely support and solidarity during this challenging period.
    In a further demonstration of cooperation, the National Disaster Management Authority (NDMA) hosted a two-day consultative session with the United States Disaster Response Group. The session aimed to enhance joint preparedness and focused on tech-driven rescue, early warnings and risk financing.
    The US delegation was led by Natalie Baker, Deputy Chief of Mission, and Lieutenant General Patrick Frank, commanding officer of US ARCENT, on the first day, and by Ivana Vuco, Disaster Expert for Asia, and her team from the US State Department on the second day.
    During the session, Chairman NDMA, Lt General Inam Haider Malik, briefed the delegation on National Emergencies Operations Centre (NEOC) advanced capabilities in addressing hazards and vulnerabilities, its disaster management outlook through early warning alerts and risk communication, coordinated relief and response efforts, anticipatory actions, and NDMA’s role in international relief assistance and global outreach.
    Notably, the National Disaster Management Authority (NDMA) has said that 907 people have died and 1,044 have been injured so far due to ongoing rains and floods across the country, Geo News.
    According to the NDMA data, Punjab has recorded 223 fatalities and 654 injuries, while Khyber Pakhtunkhwa has reported 502 deaths and 218 injuries.
    In Sindh, 58 people have died and 78 were injured. Balochistan has seen 26 deaths and five injuries, Gilgit-Baltistan 41 deaths and 52 injuries, and Azad Kashmir 38 deaths and 31 injuries. In Islamabad, nine people have died and three have been injured, as per Geo News.
    The NDMA further said that 7,848 houses have been damaged and 6,180 livestock animals have perished in the calamity. (ANI)


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  • Regenxbio: Remains A "Buy Rating" Despite BLA Review Delay Of RGX-121 For Hunter Syndrome (NASDAQ:RGNX) – Seeking Alpha

    1. Regenxbio: Remains A “Buy Rating” Despite BLA Review Delay Of RGX-121 For Hunter Syndrome (NASDAQ:RGNX)  Seeking Alpha
    2. Regenxbio Unveils 12-Month Data For Gene Therapy Soon After FDA Delays Review Date  Yahoo Finance
    3. Goldman Sachs reiterates Neutral rating on Regenxbio stock at $14 target  Investing.com
    4. 82% Brain Disease Marker Drop: REGENXBIO’s One-Time Hunter Syndrome Treatment Shows Promise in Pivotal Trial  Stock Titan
    5. Regenxbio trumpets one-year data for Hunter syndrome gene therapy after FDA extended its review  Endpoints News

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