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Health

Biden needs to scale back drug prices by way of inflation surcharges

U.S. President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, U.S., Thursday, December 14, 2023.

Chris Kleponis | Bloomberg |

The Biden administration announced Wednesday that it will impose inflation tariffs on 64 prescription drugs in the third quarter of this year to reduce costs for certain older Americans enrolled in Medicare.

President Joe Biden has made lowering drug prices in the United States a central part of his health care agenda and his 2024 re-election campaign. A provision of Biden's anti-inflation bill requires drugmakers to pay rebates to Medicare, the government health care program for Americans over 65, if they raise the price of a drug faster than the rate of inflation.

This is unrelated to another provision of the law that allows Medicare to negotiate lower prices for prescription drugs with manufacturers. According to the Biden administration, Americans pay on average two to three times more for prescription drugs than patients in other developed countries.

Some patients will pay a lower deductible for the period July 1 through Sept. 30 for the 64 drugs covered by Wednesday's announcement that are covered by Medicare Part B “because each pharmaceutical company has raised its prices faster than the rate of inflation,” a government news release said.

Some Medicare Part B patients can save up to $4,593 per day by taking these drugs during the quarter, the press release added.

More than 750,000 Medicare patients take these drugs each year, the statement said. The drugs treat diseases such as cancer, certain infections and a bone disease called osteoporosis.

The list includes Bristol Myers Squibb Abecma, a cell therapy for multiple myeloma; and Pfizer's Adectris, a targeted cancer drug for certain lymphomas. They also include Padcev from Astellas Pharma and Pfizer, a targeted cancer drug for advanced bladder cancer.

The Biden administration said the price of Padcev has risen faster than inflation every quarter since the Medicare inflation rebate program took effect last year.

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“Without the Inflation Reduction Act, seniors were completely at the mercy of drug companies' price increases. Not anymore,” said Neera Tanden, White House domestic policy adviser, in the press release.

The Centers for Medicare & Medicaid Services plans to send drug manufacturers their first bills for rebates under the program in 2025.

In December, Biden released a list of 48 prescription drugs that would be subject to an inflation surcharge in the first quarter of 2024.

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Entertainment

That's why everybody ought to discuss Kenya

On Tuesday (25 June), thousands of protesters demonstrated in Kenya stormed the parliament building and set parts of it on fire, according to The Associated Press. Now social media users around the world are calling for more discussion about what is happening in the African country.

But the question remains: WHAT exactly caused these protests and the escalation on Tuesday? Here is an overview of what happened, the impact so far and the ultimate goal of the protests.

NAIROBI, KENYA – JUNE 25: Kenyan police officers stand as fire erupts from the Parliament building during a protest against the Finance Bill on June 25, 2024 in Nairobi, Kenya. (Photo by Patrick Meinhardt/Getty Images)

Support for Kenya's president takes a turn

According to AP President William Ruto came to power by appealing to the common people, calling himself a “hustler” and promising relief from economic problems. The country's officials swore him into office in September 2022. Less than two years later, support for him has taken a drastic turn.

During the election campaign, President Ruto promised to put more money into Kenyans' pockets. When his government cut subsidies for fuel and maize flour, many Kenyans saw this as a betrayal.

Ruto, now fabulously wealthy, frequently calls on Kenyans to tighten their belts. But his state visit to the US in May sparked controversy when he chartered a luxury private jet rather than using the presidential jet or Kenya's national airline. Ruto later said friends had paid for the chartered jet, but he did not give their names.

Police reaction to the protests

As mentioned, part of Parliament burned down on Tuesday as protesters entered and lawmakers fled. AP reports that bodies were lying in the streets when police opened fire, according to witnesses from medical staff and guard dogs.

At least five people were shot while treating the injured, according to the Kenya Medical Association. More than 30 people were injured, at least 13 of them by live ammunition.

In addition, police fired live ammunition and threw tear gas grenades at protesters seeking treatment at a medical tent in a nearby church. Elsewhere in the city, Kenyatta National Hospital reported that it had admitted 45 “casualties.”

Kenyan police officers in riot gear storm the parliament during a protest against the Finance Bill on June 25, 2024 in Nairobi, Kenya. (Photo by Patrick Meinhardt/Getty Images) Protesters tear down one of the fences of Parliament during a protest against the Finance Bill on June 25, 2024 in Nairobi, Kenya. (Photo by Patrick Meinhardt/Getty Images) Kenyan police officers stand in formation behind a cloud of tear gas as they clash with protesters during a nationwide strike to protest against tax hikes and the Finance Bill 2024 in downtown Nairobi on June 25, 2024. (LUIS TATO / AFP) (Photo by LUIS TATO/AFP via Getty Images)

The financial law at the centre of the chaos

The country's youth in particular are strongly opposed to a financial draft that the authorities presented to the public for the first time on June 18. They warn that it will worsen Kenya's economic problems, including the already high cost of living.

But for lawmakers, the Finance Bill is designed to raise or introduce taxes or fees on a range of everyday items and services, including internet data, fuel, bank transfers and diapers. As anger grew, some of the bill's measures have already been scrapped.

Still, MPs pushed ahead with passage despite opposition in a runoff vote. The bill now awaits President Ruto's signature and is expected to be signed this week, according to AP. He has two weeks to act but is clearly facing calls from protesters, religious and other leaders to reconsider.

For context: The proposals are part of the Kenyan government's efforts to raise an additional $2.7 billion in domestic revenue. The government says the changes are necessary to pay interest on the national debt, reduce the budget deficit and keep the government running.

How the protests began and escalated to the fire in Parliament

Note that this is not President Ruto's first finance bill to face opposition. A 2023 finance bill signed by Ruto was also unpopular, although anger did not escalate as much. That bill included a tax on salaries for housing.

Since June 18, young Kenyans have been organizing on social media and taking to the streets. Their actions include peaceful street demonstrations to force the authorities to drop the finance law altogether.

The protests began in Nairobi but have spread to other parts of Kenya, including the Indian Ocean city of Mombasa and even Eldoret.

NAIROBI, KENYA – JUNE 25: Protesters tear down one of the fences of Parliament during a protest against the Finance Bill on June 25, 2024 in Nairobi, Kenya. (Photo by Patrick Meinhardt/Getty Images) (Photo: Patrick Meinhardt/Getty Images) Protesters react in front of Kenyan police officers during a protest against the Finance Bill on June 25, 2024 in Nairobi. (Photo by Patrick Meinhardt/Getty Images) NAIROBI, KENYA – JUNE 25 (Patrick Meinhardt/Getty Images)

According to TMZ, the half-sister of former US President Barack Obama, Auma Obama, was also caught up in the escalation. While CNN was interviewing her, Auma was shot at with tear gas in the streets of the capital.

(Photo by Peter Timmullstein via Getty Images)

Kenya’s president reacts

Reacting to the incident in Parliament, President Ruto described it as a threat to national security and reportedly vowed that such unrest would not happen again “at any cost”.

“Today's events mark a critical turning point in our response to threats to our national security,” Ruto said, calling the events “treasonous.”

Ruto had attended a meeting of the African Union outside Nairobi.

Kenya's defence minister said authorities had deployed the military to assist police during the “security emergency” and “incursion into critical infrastructure”.

RELATED: Kenyan police discover 73 bodies of suspected Christian sect followers who starved to 'get to heaven'

Associated Press writers Rodney Muhumuza and Evelyne Musambi contributed to this report.

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Technology

Swiss SkyCell secures $116 million to optimize pharmaceutical transport with clever chilly chain containers

Switzerland-based SkyCell has raised $116 million in a Series D funding round for its technological solution that improves the drug supply chain for air travel.

Founded in 2013, the startup manufactures temperature-controlled containers using proprietary cold chain technology to monitor and optimize functions such as cooling, moisture protection and shock absorption.

The containers are also equipped with a patented insulation system that reflects thermal radiation, allowing self-charging in cold environments such as refrigerated vehicles. This ensures a constant temperature between -80 °C and 25 °C, depending on the model.

Effective cold chain storage has become an important part of pharmaceutical logistics as demand for medicines increases worldwide. It can protect sensitive products from contamination, spoilage and loss of potency.

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SkyCell combines its hardware with a logistics software solution that uses simulation and operational data to enable pharmaceutical companies to monitor deliveries from start to finish in real time. The software also provides risk assessments across the entire supply chain to prevent drug loss.

The company says its containers transport around $2.5 billion worth of pharmaceutical products, including vaccines as well as cancer and diabetes drugs. It also claims its solution can reduce carbon emissions by up to 50% thanks to the lightweight, smart containers.

“By digitizing the pharmaceutical supply chain, we will reduce transportation delays, product waste and temperature deviations and ultimately build supply chain resilience,” Richard Ettl, co-founder and CEO of SkyCell, told TNW.

“This means everyone along the entire pharmaceutical supply chain wins.”

The Series D funding round includes $59 million from growth investor Tybourne Capital Management and CC Industries (CCI). This follows a $57 million equity investment from Catalyst, M&G Investments' purpose-driven private asset strategy.

With the fresh capital, SkyCell plans to expand its business in the US and Asia.

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Science

Can we now have an correct map of close by stars?

If the Sun has a stellar neighborhood, it can be usefully defined as a 20 parsec (65 light-years) sphere with our star at its center. Astronomers have been cataloging the stellar population in the neighborhood for decades, but it hasn't been easy because many stars are small and dim.

Despite all the challenges this endeavor presents, astronomers have made steady progress. Do we now have a complete catalog?

In a new article in the American Astronomical Society's Research Notes, two researchers from the Leibniz Institute for Astrophysics in Potsdam try to find out how complete or incomplete our catalog of the stellar environment is. The title of the article is “Do we finally know all the stellar and substellar neighbors within 10~pc of the Sun?” The authors are Ralf-Dieter Scholz and Alexey Mints.

If all stars were as bright as our sun, it would be easy to catalogue the stars in our neighborhood. But they aren't. Some are so small and dim that they are thought to be failed stars. We call them brown dwarfs or substellar objects.

When we look at the night sky with the naked eye, our view is dominated by main sequence stars and giant stars, many of which lie far outside our stellar neighborhood. Many stars are too dim to see, such as red dwarfs and brown dwarfs. In fact, Proxima Centauri, a red dwarf and our closest neighbor, was only discovered in the early 20th century.

Proxima Centauri. Image credit: ESA/Hubble and NASA

In the early days of astronomy, measurements of proper motion showed that some stars that appear to be fixed in place are closer than other stars. All stars move and have proper motion; it's just not always evident over the course of a single lifetime. Studies of stars with high proper motion led to certain stars being selected for measurements of their parallax, which helped to correctly locate more stars in space. Then, in the early 20th century, when astronomy and photography merged, photographic astrometry sparked a wave of discoveries of our solar neighbors. These efforts showed that our closest neighbors are red dwarfs (M dwarfs).

In the 1990s, infrared sky surveys began to discover more and more dim stars as technology advanced. “A second wave of discoveries began in the late 1990s as infrared sky surveys advanced,” the authors write. Missions like the Two Micron All-Sky Survey (2MASS) gave us a new, unprecedented view of the sky, discovering M dwarfs, brown dwarfs, and substellar objects such as L, T, and Y types, and even minor planets in the solar system. (The definitions of brown dwarfs and other substellar objects overlap.) In 2000, the Sloan Digital Sky Survey went online, expanding our catalog of the sky.

In 1997, Henry et al. published an important paper on the solar environment, “The Solar Environment IV: Discovery of the Twentieth Closest Star.” It showed that the discovery of LHS 1565, about 3.7 percent from Earth, spelled trouble for our inventory of the environment. “It is the twentieth closest star system and underscores the incompleteness of the sample of nearby stars, especially for objects at the end of the main sequence,” Henry et al. wrote. “Ironically, this unassuming red dwarf is a shocking reminder of how much we still have to learn about even our closest stellar neighbors.”

Since about 1997, more and more stars have been discovered in the Sun's neighborhood. The authors say that these appear to be filling in the gaps in our 10 percent neighborhood. However, some of these findings were still based on two assumptions. The first was that the survey was complete to within 5 parsecs, and the second that the density was uniform to within 10 parsecs. “The first of these assumptions is not true and the second is questionable,” the authors write.

So where are we? Up to 90 star systems could still be missing.

Artist's impression of a brown dwarf. Brown dwarfs are more massive than Jupiter, but less massive than the smallest main sequence stars. Their low brightness and mass make them difficult to see. Image: By NASA/JPL-Caltech (http://planetquest.jpl.nasa.gov/image/114) [Public domain]via Wikimedia Commons

“Using all of the neighbors, we can study the luminosity and mass functions, as well as the star-to-brown dwarf (BD) ratio,” the authors explain. Astronomers do not fully understand the relationship of brown dwarfs to other stars, but two recent papers in particular (1,2) have continued the work to better understand and catalog the dark members of our stellar neighborhood.

Earlier this year, Kirkpatrick et al. published a study claiming that a complete survey of nearby stars was possible, thanks in large part to Gaia data. They found 462 objects (including the Sun) in 339 systems within 10% of the Sun.

In previous work, the authors of this new paper added 16 more stars to the list, including late M dwarfs, some of the coolest and dimmest main sequence stars, and brown dwarfs. They also discovered a new white dwarf as a companion to an existing M dwarf.

But how complete is this latest survey?

The problem is that it is difficult to see dim stars like brown dwarfs and late M dwarfs. The further we look, the harder it is to see them. Even towards the galactic plane, they are even harder to see.

Dark objects like brown dwarfs are harder to see when looking towards the galactic plane, as this is where most of the Milky Way's mass is located. Image credit: ESA/Gaia/DPAC

The authors say that there are probably 93 star systems missing from our neighborhood star catalog, “corresponding to a deficit of ?21.5%,” they write. When it comes to individual stars, things don't look much better: “…138 missing objects, corresponding to a deficit of ?23.0%,” they write.

They broke it down even further to individual star types. We are probably missing 28.1% of AFGK stars, -31% of white dwarfs, and -27.8% of M dwarfs. There is also a higher deficit in late M dwarfs. These deficits are higher than expected. What does that mean?

“The estimated deficits of systems and individual objects within 10?pc exceed expectations, especially for the known AFGK stars,” the authors write. They conclude that the general assumption of a constant stellar density in the solar neighborhood is incorrect. They say that small-scale density fluctuations can at least partially explain the deficits.

“Our statistical estimates indicate that the probability that these discrepancies are caused by random fluctuations is about 40 percent,” the authors conclude.

There is clearly still a lot of work ahead of us.

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Sport

Olympic champion Athing Mu's attraction rejected after fall in courtroom

June 25, 2024, 11:08 a.m. ET

EUGENE, Ore. — Track officials rejected an appeal by Olympic 800-meter champion Athing Mu, who became tangled in a group of runners during U.S. qualifying heats and fell, losing her chance to defend her title.

Trainer Bobby Kersee said Mu was clipped by another runner on the backstretch of the first lap, causing her to drift to the left and fall to the ground.

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U.S. track and field officials reviewed footage of Monday night's race late into the evening but ultimately rejected the appeal. They did not provide details. Typically, a protest is upheld when there is clear evidence that one runner is impeding another. Incidental contact is considered part of a normal race.

Mu, who struggled to finish the race, will be eligible for the relay. She was part of the gold medal team in the 4×400-meter relay at the Tokyo Olympics.

Kersee said 22-year-old Mu was hit by a spike and suffered abrasions and injured her ankle in the fall.

He acknowledged the unforgiving nature of the U.S. system, which awards Olympic spots to the top three finishers in the elimination competitions but makes no exceptions for previous performances or Olympic champions.

“I've coached it, I've preached it, I've watched it,” Kersee said. “And that's another indication that no matter how good we are, we can leave some better athletes at home than other countries. That's part of our American way of life.”

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Health

Novo Nordisk will increase manufacturing of Wegovy and Ozempic with new NC plant

Novo Nordisk's new manufacturing facility in Clayton, North Carolina.

Courtesy of Novo Nordisk

Novo Nordisk announced Monday that the company would invest $4.1 billion to build a new manufacturing facility in Clayton, North Carolina, to increase supply of its successful weight-loss drug Wegovy, diabetes drug Ozempic and other injectable therapies.

Demand for Wegovy and Ozempic exceeded supply last year, leading to temporary shortages in the US and forcing the Danish pharmaceutical company to invest heavily in expanding its production capacity. The company announced it would invest $6.8 billion in production this year, up from around $4 billion last year.

The new production facility will be responsible for filling and packaging syringes and injection pens for the medications, according to a company press release.

“This investment really gives us the opportunity to serve more patients,” Doug Langa, head of Novo Nordisk's North American business, said in an interview. “The other important message, I think, is that this is further investment in the U.S., and I think we're very proud of that.”

Construction of the 1.3 million square meter facility has already begun and is expected to be completed between 2027 and 2029, Novo Nordisk said. The company said 1,000 workers will be employed at the construction site, in addition to the 2,500 employees already employed at its three existing manufacturing facilities in North Carolina.

These include two sites in Clayton that are already operational – one responsible for filling and finishing, the other for manufacturing the active ingredient for the diabetes drug Rybelsus. The company also has a site in Durham, North Carolina, responsible for manufacturing and packaging oral medications, and another facility in West Lebanon, New Hampshire.

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Twelve other production sites are located in Denmark, France, China, Japan, Algeria, Brazil, Iran and Russia, according to a Novo Nordisk spokesman.

According to a U.S. Food and Drug Administration database, three lower doses of Wegovy are currently in short supply in the U.S. due to high demand. Patients start with a lower dose of Wegovy and gradually increase the amount every four weeks until they reach the target dose.

Wegovy and Ozempic belong to a class of drugs called GLP-1, which mimic hormones produced in the gut to suppress a person's appetite and regulate their blood sugar.

Today, an average of about 35,000 U.S. patients are starting to take Wegovy each week, up from about 27,000 in May, a Novo Nordisk spokesperson said in a statement. Still, Langa said the company is being “very intentional” about the number of lower doses it brings to the U.S. market to ensure patients who have already started taking Wegovy can continue treatment with higher doses.

Competing pharmaceutical company Eli Lilly has also invested billions of dollars to increase manufacturing capacity for its popular GLP-1 weight loss and diabetes products, Zepbound and Mounjaro. The company also has several manufacturing facilities in North Carolina.

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Correction: Novo Nordisk's existing facilities in Clayton, North Carolina, are responsible for filling and finishing as well as manufacturing the active ingredient for the company's diabetes drug Rybelsus. An earlier version of this story misstated those functions.

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Science

What about sea ranges? – Watts Up With That?

By Andy May

We've all heard this question before. We point out that there is no evidence that current climate changes, whether man-made or natural, are dangerous or unusual. Then we're asked, “What about sea level rise? Isn't that dangerous?” There are many very good technical arguments why the current rate of sea level rise will not threaten humanity, New York City, Miami, or Tuvalu. These are urban legends spawned by silly IPCC models, as Ole Humlum explains in Chapter 10 of our latest book (Crok & May, 2023). How can these myths be debunked quickly and in clear language? This is my best attempt in ~600 words. Let me know how I did.

The current rate of global sea level rise is below the accuracy of our current measurement capabilities, as discussed in Chapter 5 by Kip Hansen in Crok & May. Figure 1 shows three accepted estimates. Sea levels are shown as reported and have different zero points. The estimate by Jevrejeva et al. in blue is 2 mm/yr (± ~0.3), the estimate below is that of Church and White at 1.7 (± ~0.3) mm/yr. These estimates are both based on tide gauges, although Jevrejeva's estimate attempts to incorporate satellite data from 1993 to 2009. Due to the overlap in the author's uncertainty estimates, the two estimates are statistically equivalent.

Figure 1. Three accepted estimates of the rate of sea level rise in mm/year. Sources: (Jevrejeva, Moore, Grinsted, Matthews, & Spada, 2014), (Church & White, 2006), and (Beckley, Callahan, Hancock, Mitchum, & Ray, 2017). Jevrejeva, 2014, discusses their reconstruction only up to 2009, so they do not take into account the sudden rise in 2010 shown in their dataset.

The lower estimate, shown in gray, uses all NASA satellite data since 1993. It shows a rate of 3.3 mm/year (Beckley, Callahan, Hancock, Mitchum, & Ray, 2017). The satellite records are too short to be meaningful. We need at least another 60 years of data before we can derive a meaningful rate from satellite data. The satellite data cover only the upstream part of an approximately 60-year cycle or oscillation that began in 1991.

Global mean sea level has been rising over the past 170 years, but in cyclical intervals. The cycle is clearly visible in Figure 1 from about 1930 to 1991 in the reconstruction by Jevrejeva et al. It is also visible, albeit in a weaker form, in the reconstruction by Church and White. Therefore, any estimate of the rate of rise based on a reconstruction (satellite, tide gauge, or combined) shorter than 90-120 years is incorrect. Sea level fell during the Little Ice Age until it began to rise again in about 1861.

All values ​​(since 1900) are projected to 2100 in the upper left box, showing sea level rises of between 5 and 10 inches by 2100. These rises are much smaller than the average daily tidal range of over a meter. Such a small rise in 76 years is unlikely to be noticed. It is important to note here that sea level is not the same in all oceans, as one might expect. In Panama, sea level on the Pacific side of the country is 20 cm (~8 inches) higher than on the Atlantic/Caribbean side. This is roughly equivalent to the global sea level rise expected between now and 2100. More importantly, the tidal range is much greater on the Pacific side than on the Caribbean side.

Measuring global mean sea level is made extremely difficult by ocean-to-ocean variations in mean sea level and the associated changes in daily tidal range. Jevrejeva points out that tide gauges are confined to continental and island margins, most of which are in the Northern Hemisphere, that tide gauge records do not all cover the same time period, and that they are tied to land, which itself sometimes rises and falls. Jevrejeva points out that it is not easy to combine the various records into a single global sea level curve.

Similarly, any estimate of the acceleration of the rate using any of these data or any combination of them is little more than a guess. Polynomial fits to any of these series may show some acceleration, but the fit to the polynomials is not statistically different from a linear fit to the same data.

As many of my regular readers know, I often put ideas up for debate. I want to know what the best arguments are against my ideas. Or have I missed a better argument? So, whether positive or negative, give me your best. Am I right or wrong? Is there a better argument than the one I've offered?

Beckley, BD, Callahan, PS, Hancock, DW, Mitchum, GT, & Ray, RD (2017). On the “Cal-mode” correction of TOPEX satellite altimetry and its impact on the global mean sea level time series. Journal of Geophysical Research: Oceans, 122, 8371–8384. doi:10.1002/2017JC013090

Church, JA, & White, NJ (2006). An acceleration of global sea level rise during the 20th century. Geophys. Res. Lett., 33. doi:10.1029/2005GL024826

Crok, M., & May, A. (2023). The IPCC's frozen climate views, an analysis of AR6. Andy May Petrophysicist LLC.

Jevrejeva, Moore, J., Grinsted, A., Matthews, A., & Spada, G. (2014). Trends and acceleration in global and regional sea level rise since 1807. Global and Planetary Change, 113, 11-22. doi:10.1016/j.gloplacha.2013.12.004

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Entertainment

Who’s Shivon Zilis? Meet the mom of three of Elon Musk's twelve youngsters

Elon’s father is an engineer and, like Elon, was born in South Africa.

Although Errol said in a 2015 Forbes interview that he often took his children on trips abroad“Their mother and I separated when they were quite young, and the children stayed with me. I took them all over the world.” – his relationship with Elon is not exactly picture-perfect.

In an emotional Rolling Stone interview in 2017, Elon criticized his father and spoke about his upbringing, saying that he moved back in with his father after his parents split, which he said was “not a good idea.”

However, Errol told Rolling Stone: “I love my children and would do anything for them.”

After his divorce from Maye, Errol married pagantheir daughter Jana Bezuidenhout was 4 years old at the time. Errol and Heide had two daughters together before they too separated.

Years later, Jana turned to Errol after her own breakup. “We were lonely, lost people,” Errol explained in an interview with The Sunday Times in 2018. “One thing led to another – you can call it God's plan or nature's plan.”

Anyway, the duo got romantic and welcomed son Elliott in 2017 and then a baby girl in 2019. As Errol put it to The Sun: “The only reason we're on earth is to reproduce. If I could have another child, I would. I see no reason not to.”

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Technology

Truth-checking startup targets AI hallucinations after elevating €1 million

A fact-checking startup has accelerated its plans to banish AI hallucinations after securing €1 million in funding.

The Norwegian company Factiverse uses machine learning to verify content generated by artificial intelligence. The company's tools automatically detect erroneous results. These errors are now often the cause of controversy.

For example, a New York lawyer had to apologize for using fake court quotes from ChatGPT. CNET had to correct 41 of the 77 articles that the news portal had written using an AI tool. Microsoft's Bing AI produced numerous errors when analyzing earnings reports. The company's chatbot also claimed that it had spied on employees.

Factivverse offers a solution to these problems. Founded in 2019, the company develops patented models that analyze AI-generated content. These models are based on the research of Vinay Setty, the company's co-founder and CTO. Setty is also an associate professor of machine learning at the University of Stavanger. He has spent over a decade studying text and graph mining for fact-checking.

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Setty's research laid the foundation for the Factiverse AI Editor. The tool, introduced last year, detects distortions and errors in texts created by ChatGPT and similar programs. It also shows reliable Sources for the findings.

Funding fact-checking

The new capital injection is intended to finance further improvements. Investors include Murshid Ali, the founder of Huddlestock and Skyfri, Johann Olav Koss, an entrepreneur and four-time Olympic speed skating champion, and Yasmin Namini, a former top manager at the New York Times. The investment firms Herfo and Valide Invest also participated.

CEO and co-founder of Factivverse, Maria Amelie, announced the increase today at the TNW conference.

“This investment will enable us to continue the development of our now crucial Fact Check solutions and enable even more companies to confidently harness the power of AI,” she said.

In addition to the funding, Factivverse has also launched a trial program for journalists. Users will receive free access to the fact-checking technology for 30 days. No payment card is required to test it.

Factivverse wants to use the new test version and the resources to expand the startup’s user base. Espen Egil Hansen, the company's CEO, sees AI hallucinations as a general problem.

“There are already cases where companies have to face legal consequences because of factual errors in their chatbots,” he said.“As AI penetrates ever more deeply into our daily lives, ensuring the accuracy of AI models is not just a matter of good business; it is the foundation upon which democratic values ​​are built.”

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Sport

Euro 2024: Italy faces adjustments after Spanish defeat

June 23, 2024, 3:54 p.m. ET

Luciano Spalletti had named the same starting eleven for Italy's first two matches at Euro 2024, but after the defeat to Spain there will be changes for the final Group B match against Croatia, the coach said on Sunday.

After Italy's 2-1 win against Albania, Spalletti continued to trust his players, but after the 1-0 defeat to Spain, in which his team was completely outclassed, the coach spoke of a tired team that could not keep up with the pace and energy of the Spanish.

“After a game like that, the thought is there that I can change something, because if you look at the performance against Spain, I probably made a mistake not to change anything beforehand,” Spalletti told reporters.

“But the team against Albania seemed so good to me that I thought it would be a risk to change something. Now that we are noticing a certain tiredness and rust, something will certainly change.”

The result against Spain and the manner of the defeat have caused much discussion in the Italian camp in recent days, but now the time for talks is over.

“I think we learned a lot from the defeat against Spain the other day. When you lose, you see how the person evolves, how the player evolves,” said Italy defender Alessandro Bastoni.

Luciano Spalletti hinted that he would make changes for Italy's crucial match against Croatia. Jens Schlüter – UEFA/UEFA via Getty Images

Spalletti added: “We have analysed it and talked about it. We have taken a step back from what we have seen in the previous games.

“I expect we learned some lessons from the game against Spain, even though we played poorly and suffered at the end.”

“Now we have to face the facts and put the words aside.”

Italy have historically been known for their defensive strength and ability to hold out for a win, but the days of the 'catenaccio' (“door bolt”) style are long behind them and, according to Spalletti, have no place in modern football.

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“Football today is no longer just about doing one thing. You have to know how to do more than one thing,” said Spalletti.

“Given Croatia's quality, we will sometimes be forced to defend with eleven players, stand compact and then turn the game around without giving the opponent the opportunity to rebuild a defensive phase.

“It's clear that in today's football you can't do that all game long. You can't just live off deep defense and restarts.”

Spain has already won the group with six points and Italy, with three points, needs a draw against Croatia to secure second place and a place in the round of 16.

A defeat would see Croatia (one point ahead) leapfrog the Italians and fear being one of the four best third-placed teams to progress, or it would be out of the race altogether if Albania (also one point ahead) beat Spain.

“There are certain games that ultimately determine whether it was a great story or one to forget,” Spalletti said.

“So the glory of your story ultimately depends on games like these.”

Information from Reuters and The Associated Press contributed to this report.