Monthly Archives: May 2021

Extraordinary Evolution Research Reveals Mammals in the Time of Dinosaurs Held Each Other Back – SciTechDaily

Posted: May 27, 2021 at 7:58 am

Early lineages of mammals, like this large Gobiconodon from Mongolia, outcompeted the ancestors of modern mammals in the time of dinosaurs. Credit: Art by Corbin Rainbolt

A new study led by researchers from the Oxford University Museum of Natural History, University of Oxford, and the University of Birmingham for Current Biology has used new methods to analyze the variability of mammal fossils, revealing extraordinary results: it was not dinosaurs, but possibly other mammals, that were the main competitors of modern mammals before and after the mass extinction of dinosaurs.

The study challenges old assumptions about why mammals only seemed to diversify, becoming larger and exploring new diets, locomotion, and ways of life, after the extinction of the non-bird dinosaurs. It points to a more complex story of competition between distinct mammal groups. The new research also highlights the importance of testing old and established ideas about evolution using the latest statistical tools.

There were lots of exciting types of mammals in the time of dinosaurs that included gliding, swimming, and burrowing species, but none of these mammals belonged to modern groups, they all come from earlier branches in the mammal tree, said Dr. Elsa Panciroli, a researcher from the Oxford University Museum of Natural History and a co-author of the study. These other kinds of mammals mostly became extinct at the same time as the non-avian dinosaurs, at which point modern mammals start to become larger, explore new diets and ways of life. From our research it looks like before the extinction it was the earlier radiations of mammals that kept the modern mammals out of these exciting ecological roles by outcompeting them.

Most of the mammal species alive today trace their origins to groups that expanded explosively 66 million years ago, when a mass extinction killed all non-bird dinosaurs. It was traditionally thought that, before the extinction, mammals lived in the shadow of the dinosaurs. They were supposedly prevented from occupying the niches that were already occupied by the giant reptiles, keeping the mammals relatively small and unspecialized in terms of diet and lifestyle. It appeared that they were only able to flourish after the dinosaurs disappearance left these niches vacant.

However, new statistical methods were used to analyze how constrained different groups of mammals were in their evolution before and after the mass extinction. These methods identified the point where evolution stopped producing new traits and started producing features that had already evolved in other lineages. This allowed the researchers to identify the evolutionary limits placed on different groups of mammals, showing where they were being excluded from different niches by competition with other animals. The results suggest that it may not have been the dinosaurs that were placing the biggest constraints on the ancestors of modern mammals, but their closest relatives.

The study looked at the anatomy of all the different kinds of mammals living alongside dinosaurs, including the ancestors of modern groups, also known as therians. By measuring how frequently new features appeared, such as changes in the size and shape of their teeth and bones, and the pattern and timing of their appearance before and after the mass extinction, the researchers determined that the modern mammals were more constrained during the time of the dinosaurs than their close relatives. This meant that while their relatives were exploring larger body sizes, different diets, and novel ways of life such as climbing and gliding, they were excluding modern mammals from these lifestyles, keeping them small and generalist in their habits.

This result makes very little sense if you assume that it was the dinosaurs constraining the therians, said Dr. Neil Brocklehurst of the University of Oxford, who led the research. There is no reason why the dinosaurs would be selectively competing with just these mammals and allowing others to prosper. It instead appears that the therians were being held back by these other groups of mammals.

The researchers suggest the extinction of other mammal groups was more important in paving the way for modern mammal success. As further evidence for this, the researchers looked at body size in different mammal groups. They discovered that both the smallest and largest mammals showed the same release from constraints following the dinosaur extinction, suggesting that size made little difference to their success.

Co-author Dr. Gemma Benevento of the University of Birmingham said, Most of the mammals that lived alongside the dinosaurs were less than 100g in body mass thats smaller than any non-bird dinosaur. Therefore, these smallest mammals would probably not have been directly competing with dinosaurs. Despite this, small mammals show diversity increases after the extinction which are just as profound as those seen in larger mammals.

Dr. Brocklehurst added, Paleontology is undergoing a revolution. We have greatly expanded the toolkit available to analyze large datasets and directly test our ideas about evolution. Most studies of the mammal radiation have focused on how fast they evolved, but analyzing what limits there were on the evolution provides new perspectives. We have had to rethink many of our theories using these state-of-the-art approaches.

Reference: Mammaliaform extinctions as a driver of the morphological radiation of Cenozoic mammals by Neil Brocklehurst, Elsa Panciroli, Gemma Louise Benevento and Roger B.J. Benson, 17 May 2021, Current Biology.DOI: 10.1016/j.cub.2021.04.044

Funding: European Union Horizon 2020 Research and Innovation Program, Deutsche Forschungsgemeinschaft, Palaeontological Association Research Grant

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Scientifically Speaking | Decoding the evolution of coronaviruses – Hindustan Times

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Coronaviruses infect many animals. Bats are often singled out as culprits in spillover events, but they are not unique. In fact, humans have transmitted Sars-CoV-2, the coronavirus that causes Covid-19, to animals like cats, minks, and gorillas.

Viruses dont always respect species boundaries. They recognise receptors to attach to and cells to infect. There are currently around 220 viruses known to infect humans, of which seven are coronaviruses.

Coronaviruses have been responsible for two epidemics and one pandemic in the last two decades. In recent months, scientists have discovered two more novel coronaviruses that infect humans. There are certainly many more. The simple fact is the more we search in the virosphere, the more viruses we will find.

Before Sars, there was limited interested in coronaviruses. A perspective in Science in 2003 called coronavirology one of the backwaters of virology. After Sars, when scientists searched intensively for new coronaviruses, they found two that cause common cold-like infections.

Also Read | A tale of two infections

There are many reasons we will find more viruses.

First, the molecular tools of virology are relatively new, and sampling of animals has traditionally been limited to species and classes of viruses with greatest pandemic potential. Second, some spillover events from animals may be relatively recent. Third, some of viruses may be infecting people but escaping detection because they are not causing disease. Others may cause disease, but may be self-limited to non-specific symptoms of pneumonia or gastrointestinal problems that get better within a few days.

In COVID-19: Separating Fact from Fiction, I mention the various interactions between viruses and humans. There are millions of viruses that dont infect human cells at all. There are a few viruses that infect people in spillover events, but dont spread further. There are others can infect people but do not cause recognisable disease. Yet others that result in disease may not have outward transmission to other people. Viruses that transmit from one person to another might stop spreading if they dont transmit well.

Of course, of greatest concern are viruses like Sars-CoV-2 that transmit well and cause disease. These viruses cause significant disease and death and they threaten to remain in human populations.

A preprint on MedRxiv describes a pig coronavirus found in blood samples of children in Haiti who had acute fever of unknown cause a few years ago. By sampling the genome and comparing with other known viruses, researchers found that these infections were the result of at least two past spillover events. The causative coronavirus belongs to a family that was not thought to typically infect humans. It is currently unknown whether the virus caused the fever in the children or whether it was simply coincidentally present. We also dont know how prevalent this coronavirus is in broader populations.

Another description of a novel coronavirus is in an article in Clinical Infectious Diseases. Eight samples collected from children hospitalised in rural Malaysia with pneumonia many years ago turned up a canine coronavirus. This virus seems to have sequences that are similar to dog coronaviruses but also to coronaviruses found in cats and pigs.

Sars-CoV-2 is also a virus that seem to have different genetic sequences that are similar to coronaviruses from different animals. What the discovery of the hybrid canine coronavirus in Malaysia reinforces is that recombination events, which result in new viruses that are made up of parts of other viruses, are common in nature.

The newly identified virus is the first canine coronavirus found to infect people, a trait that may have taken years of evolution to acquire. Like the other novel coronavirus which spilled over from pigs, it hasnt yet been shown to cause disease; it might even result in dead-end infections.

Both studies underscore a fact. We do not know how many coronaviruses infect humans. Better surveillance for coronaviruses is needed especially when humans and animals are in close proximity and there are outbreaks of pneumonia of unknown causes. The virus identified in Malaysia was found because of a highly sensitive RT-PCR test that checked for many different coronavirus types.

Neither of these two new coronaviruses are capable of causing a pandemic right now. They were found because scientists were looking for them. But there is a need to search for viruses that infect people, because a virus might lurk undetected and be just a few years away from causing the next pandemic.

We can speculate what might happen when viruses remain undetected and cause infections in people. Over years, in the test tube of human cells, they might acquire additional mutations that allow them to become more capable of replicating and transmitting to others. In the process of using up the cells resources, they might cause severe disease. These scenarios are catastrophic for us, but there is nothing nefarious here, only evolution at work.

Anirban Mahapatra, a microbiologist by training, is the author of COVID-19: Separating Fact From Fiction

The views expressed are personal

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The Evolution of Real-Time Location-Tracking Technology | RFID JOURNAL – RFID Journal

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RTLS solutions have changed a lot throughout the years, and the journey has been a fascinating one.

May 26, 2021When you think of asset and staff tracking in real time, what comes to mind? Perhaps duress buttons, locators, GPSwhat about cow bells?Seriously, cow bells were one of the original asset-tracking systems. Cow runs away, you're looking for it, cow gives away its location by the ring of the bell. Simple.

Needless to say, things have changed in the Information Age. Real-time locating systems (RTLS) are vital tools for improving staff safety, business efficiency and logistics. And, yes, some high-tech RTLS solutions still track cows. RTLS solutions have changed a lot throughout the years, and the journey is pretty fascinating. What's on the bleeding edge of asset and staff tracking could propel new growth of industries from healthcare to corrections.

Early Technology and Ancient TimesThe earliest uses for RTLS solutions were livestock tracking, and for good reason. For about the first 10,000 years of human history, once cattle were domesticated from their ancient wild ancestors, cattle symbolized wealth, offered protein-rich food sources, and were used for plowing and other agricultural purposes too. Suffice it to say, it was important to keep track of this very literal representation of financial stability.

There's evidence of pottery cowbells in use as early as 4,000 years ago, then a gradual shift to iron and other metal devices. While bells are still in use, adorning animals in many cultures, RTLS solutions using GPS or other positioning technologies are now widely used in agriculture, allowing farmers and ranchers clearer and more immediate visibility into their herds' movements, behaviors and more.

RTLS Goes Global: Military MightThe U.S. military started using radarshort for "radio detection and ranging"during World War II as an RTLS method for tracking enemy planes and ships. Radar works by emitting short electromagnetic waves, which then bounce back to the radar receiver and can be used to determine how close or far away an object is.

After Japan's 1941 attack on Pearl Harbor, Scottish-born Robert Watson-Watt, who's heralded as the developer of modern radar, advised the U.S. military on a much-needed air strategy. For obvious reasons, having the power to scan the skies and anticipate an airborne attack was top-of-mind for the United States. Great Britain used the same technology to help detect Germany's Luftwaffe aircraft as they flew and dropped bombs over London and the surrounding areas.

Like many major technological advances throughout the course of human history, radar and similar methodologies were being developed by numerous nations simultaneously, including Germany, the Soviet Union, Japan and Italy. Watson-Watt's technology, dubbed "radar" by the U.S. Navy in 1940, was the most technologically advancedand it helped turn the tide of the war.

Product Tracking and the Rise of Massive WarehousingWith the advent of modern big-box storesthink Walmart, Costco and Ikeaand multinational logistics channels, RTLS technology became an incredibly important tool for asset tracking, efficient shipping and more.Let's zoom in on Walmart and its pioneering asset-tracking techniques.

After humble beginnings in Arkansas in 1962, Walmart grew to become the largest retailer in the United State by 1990. By 1999, it was the largest employer in the world. And while Amazon and similar companies have now taken top spots for total company value, Walmart paved the way in offering a massive selection of goods in its stores across the world. But how did the company do it? Supply chain managementaided by innovative asset-tracking technology.

Walmart pioneered new types of cross-docking and supply chain management, but arguably its most groundbreaking RTLS innovation was in combining radio frequency identification (RFID) tracking technology with universal product codes (UPCs). This allowed the retail giant to quickly turn over its inventory, reduce costs associated with lost, stolen or misplaced goods, and locate a product on any shelf across its vast network of warehouses and stores.

Staff Duress and Facility SafetyBut enough about productslet's talk people. Specifically in hospitals, corrections facilities and mental health facilities, RTLS technology can be used to prioritize the safety of staff members, as well as that of those in their charge. It can get pretty complicated in a sprawling facility, but basically, indoor RTLS technology can be used to track a person or an asset, such as an expensive piece of medical equipment, down to the room they're in. Facility-based RTLS works through an interaction between signals sent out from transmitter tags on people or physical assets and strategically placed locators that convey the data to the staff tasked with tracking movement within the facility.

Usually, RTLS for staff safety or efficiency uses radio frequency beacons such as Bluetooth, Wi-Fi, or custom signals for locating, sometimes triangulating over multiple receivers. These solutions should all be crafted for the environments they're set to operate in to maximize signal propagation and speedwhen seconds matter for personal safety, no delay is acceptable.Uusing hospitals as examples, those that upgrade to an effective RTLS solution report huge increases in workplace safety, as well as big cost savings.

On the Horizon: Staff Efficiency, Advanced TechnologiesAt this point, it seems clear that staff duress and tracking should be a standard operating procedure in environments that call for itespecially in high-intensity, fast-moving environments such as corrections facilities, mental health facilities or healthcare facilities. The technology is such a powerful tool for safety that it feels like an operational necessity.

That's why I believe the next evolution of RTLS is its role as an efficiency tool.We're already seeing this in healthcare. By tagging high-value, high-demand assets like fluoroscopes, wheelchairs, ventilators and portable ultrasound devices, nurses and other employees can efficiently and accurately find them when they need them, thereby improving patient care.

The industry is discussing how to use this tracking technology to track patients' journey through a health facility, to improve how quickly they receive care. Nurses and other care providers will have greater control over the care environment, and overall satisfaction with health services should increase provided we tackle the privacy issues.Today's technology is primed for this kind of evolutionespecially tech that solves for challenges posed by complex physical environments. With all the advances happening in the RTLS space, we are sure to see solutions that go beyond just providing "more cowbell."

Isaac Davenport, Ph.D., is Actall's chief technology officer. In this role, he supports Actall in recruiting, project management, technology strategy, system design, debugging, employee development, vendor management and occasionally connector specification. Isaac has a Ph.D. in electrical engineering from CU and has worked on dozens of product-development programs. He has run small companies and has worked as a hardware, firmware, and software design engineer and technical management consultant for large businesses.

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Owl Insights: the evolution of behavioural health | Digital Healthcare – Healthcare Global – Healthcare News, Magazine and Website

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Owl Insights is a cloud-based platform created to help organisations administer mental health treatment. Through a digital, data-driven, automated system, it enables clinicians to screen and monitor patients, whether they're adults, teenagers or children..

The platform has been used across the US, by Texas Childrens Hospital, Virginia Tech, Californias San Mateo County Office of Education, and more recently by Main Line Health, a not-for-profit health system serving the greater Philadelphia region. Here CEO Eric Meier tells us how it works and how technology can help to address the mental health crisis caused by the COVID-19 pandemic.

When and why Owl Insights was founded?Owl was conceived at the University of Washington in their clinical psychology department. The focus was implementing and training psychologists on evidence-based care. In 2016, I was brought in as CEO to bring this innovative product to market.

How is Owl improving behavioural healthcare through technology?Owl represents the evolution of behavioural health. Leveraging a data-driven, clinical decision support platform, Owl matches patients with the right level of care, personalises treatment pathways, and enables clinicians to measure treatment response to ensure and improve effectiveness.

You've recently partnered with Main Line Health, what capabilities will you be providing them?Main Line Health was looking to enhance and differentiate their behavioural health service and partnering with a technology platform leader that would help them improve clinical workflows, deliver evidence-based care, improve the patient experience and improve clinical outcomes.

Does Owl's platform integrate with healthcare providers' electronic health records (EHRs)?Owl has an automated, bi-directional integration with EHR systems. This enables automated workflows, reduces clinician burden and ensures high patient engagement.

Owls cloud-based platform will seamlessly integrate with Main Line Healths EHR system to screen, stratify and monitor patient progress. The data generated will provide critical insights and advanced reporting to effectively treat patients with a wide variety of behavioural health conditions.

What role can technology play in addressing the mental health crisis caused by the pandemic?With the accelerated use of telehealth, Owl better supports care management in a virtual environment, allowing a more consistent experience, quality measurement and patient engagement.The data and insights driven by use of Owl allows real-time progress monitoring of patients from wherever the patient is located. Using technology to improve workflow and reduce clinician burden allows greater clinical decision support to ensure that patients are getting the right treatment at the right time.

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The evolution of medicine from sorcery to gene therapy – The Star Online

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In ancient times, humans did not at first regard death and disease as natural phenomena; they were regarded as supernatural in origin.

They might be the result of a spell cast upon the victim by some enemy or the work of an offended god.

Drilling holes 2.5 to 5cm across in the skull known as trephination was one method practised to provide the evil spirit a means of escape.

Hypnosis, magic and religion also played a large part in the medicine practised by prehistoric human society.

This was accompanied by incantations, dancing, grimaces etc, hence practitioners were also called witch doctors or sorcerers.

The transition from magic to science was a gradual process that lasted over centuries.

There are illustrations of the usage of opium, mandrake plants or alcohol to decrease pain and for surgical procedures like the amputation of a limb.

Making a patient unconscious by hitting them on the head (and giving them a concussion) was another method that sometimes had lethal consequences.

Moving forward, plant products were widely used in folk medicine, and indeed, are still used in many parts of the world today.

As a matter of fact, some modern drugs have their origins in plants, e.g. aspirin from willow bark, digoxin from foxgloves, morphine from opium poppies and quinine from Chicona bark.

Beginnings of a science

The works of the Greek Father of Medicine Hippocrates (460-375 BCE) mark the beginning of diseases being considered a natural, rather than a supernatural, phenomenon.

The first vaccination occurred in the late 18th century, when English physician Edward Jenner (1749-1823) discovered that a person became protected from smallpox when they were inoculated with pus from a cowpox lesion.

Perhaps the most spectacular advancement of the 19th century was the discovery that diseases were caused by minute living organisms.

The usage of antiseptics by French chemist and microbiologist Louis Pasteur (1822-95) and British surgeon Joseph Lister (1827-1912) dramatically reduced infections and deaths after surgical procedures.

At the beginning of the 20th century, German physician Paul Ehrlich (1854-1915) discovered the lethal effects of arsenic on the microorganism responsible for syphilis.

This success inaugurated the antibiotics era, and was followed by the accidental discovery of sulphonamides and penicillin.

Gene-based therapy is the latest advancement in modern-day medicine. AFP

Lock and key

At this point, all these discoveries were made via observations of the patients; the doctors and scientists then did not know how exactly any of these medicines acted inside the human body.

With technological advancements in the field of microscopy, it was discovered that medicines specifically bind to a particular protein on the bodys cells and cause their effect.

These proteins are known as receptors and are potential targets for drugs.

Each receptor binds to one unique ligand (chemical compounds present in our body), just like a lock and key.

Only the correct key (ligand) can fit into the keyhole of the lock (receptor).

Upon the binding of the ligand to the receptor, a chain of signalling reactions will trigger the cells response.

This response can vary depending on the organ and the type of cell.

For example, in the stomach, it could be gastric secretion from the parietal cells to digest food, while in blood vessels, it could be constriction of the smooth muscle cells to increase blood pressure, and so on.

That is also how medicines act on our cells.

The chemical structure of a medicine is designed to selectively bind to a receptor, producing a desirable effect to cure or control a disease.

In type 2 diabetes, for example, there is insufficient insulin produced by the pancreas, resulting in an unhealthily high glucose level in the blood.

Anti-diabetic medicine (e.g. gliclazide) acts on the beta cells of the pancreas and increases its insulin release.

This increased amount of insulin elevates the use of glucose by peripheral tissues and reduces blood glucose levels.

Gene effect

We also came to know about biological units we inherit from both our parents known as genes, which are made up of DNA (deoxyribonucleic acid) that reside in the nucleus of our cells.

Genes are responsible for our looks, height, skin colour and body functions, as well as our resistance to or predisposition for certain diseases.

It is now a reality that each one of us can have our genetic makeup analysed if we so wish.

This can provide information to doctors on how our bodies respond to certain medications, allowing them to see which medications are effective and which ones should be avoided to decrease adverse effects.

Genetic differences between humans (caused by natural mutations) can result in slightly altered proteins, which may in turn be more or less active.

If the altered protein is involved in metabolising a particular medicine, this may affect the levels of the medicine in the body, and thus influence how the patient responds to the medicine.

This understanding has helped doctors realise why some people react differently to certain medicines.

In personalised medicine, doctors modify the dosage of the medicine or substitute it with a different one, according to the genetic makeup of the patient for optimal treatment effects.

It is now also possible to treat or cure genetic disorders diseases caused by genetic abnormalities that affect the normal functioning of the body by replacing the defective gene with a healthy copy, or knocking out the defective gene.

Known as gene therapy, this method of treatment is advancing rapidly and may become the primary form of treatment, rather than drugs or surgery, in the not-so-far-away future.

Associate Professor Dr Kumaraswamy Kademane and Dr Irma Izani Mohamad Isa are with Perdana University Graduate School of Medicines Pharmacology Unit. This article is courtesy of Perdana University, which is celebrating their 10th anniversary this year. For more information, email starhealth@thestar.com.my. The information provided is for educational and communication purposes only and it should not be construed as personal medical advice. Information published in this article is not intended to replace, supplant or augment a consultation with a health professional regarding the readers own medical care. The Star disclaims all responsibility for any losses, damage to property or personal injury suffered directly or indirectly from reliance on such information.

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Big Tech Is About To See A Massive Outflow – Where Will This Money Go? – Forbes

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As it chases the hottest Wall Street phenomena of embracing value stocks against tech, one $16 billion exchange-traded fund is getting a major revamp this week.

As per Wells Fargo WFC , theiSharesMSCI USA Momentum Factor ETF (MTUM) MTUM ofBlackRock BLK will witness a whopping 68% of its assets shift, in order to retain the market's best performers over the last year.

NEW YORK, NEW YORK - MAY 11: People visit the Charging Bull statue in Wall Street on May 11, 2021 in ... [+] New York City. New York Governor Andrew Cuomo announced pandemic restrictions to be lifted on May 19. (Photo by Noam Galai/Getty Images)

Stocks markets across the globe have been very volatile and unpredictable since the onset of the coronavirus pandemic making it necessary for investors and funds to question their conventional strategies.

During the month of April, inflation increased at a faster pace and the growth of new jobs was slow. Early jobs data for the month of May also indicates sluggish hiring. The jobs number expected for May is 488,000. Although this would be a good figure in normal circumstances,itis only half of what the authorities had targeted.

However, with the implementation of a successful vaccination campaign, the United Statesis on theright track to recovery. According to theWorldometerswebsite, there have been 33,947,189 cases and 605,208 deaths as of May 26. According to the CDC, approximately 39.5% of the American population has been fully vaccinated, and 49.5% have received at least one dose.Considering this recovery, funds are also readjusting their portfolios to capitalize on changing market dynamics.

MTUM belongs to a category of ETFs known as smart-beta funds witha $1.4 trillion marketwhich chooses securities based on sound quantifiable research. The ETF rates stocks based on their six-month and one-year performanceandrebalances every 6 months.As a result, it has held on to thepoorly performing technology mega-caps far longer than its peers.

With companies like Netflix NFLX and Apple AAPL struggling this year, the ETF is on track to trail the larger U.S. economy for the third quarter in a row, which will be itsworst streak since its introduction in 2013. Value stocks, on the other hand, haveperformed exceptionally well since November last year.The fund's adjustment, expected on Thursday, would increase the weightage of financial shares from nearly 2% to a third of its portfolio. Likewise, from a high of 40%, its exposure to Big Tech would drop to 17%.This would help the fund to regainits flair,assuming the approach remains effective.MTUM isn't the only onemaking a switch.

At the end of May, iShares' 5 major factor ETFs momentum, valuation, quality, size, and minimum volatility will all rebalance.It is widely anticipated, the sector-neutral value ETF may also observesome major shifts.

Oneof the most popular quant strategies of the decade is set to undergo a major overhaul, threatening to create new uncertainties in a financial market still reeling from the turbulence inBigTech stocks.Only time will tell whether the decision made byBlackRockexperts to decrease exposure to Big Tech is correct, at a time when Big Tech, more recently, is performing much better and pushing theNasdaq NDAQ up.

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Apple and the Rest of the Big Tech Stocks Might Be Ready to Rally. Here’s Why. – Barron’s

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Big tech has been downright disappointing this year for investors used to big gains from their stocks. They might also be worth buying right now. The reason: They offer strong growth prospects at reasonable prices.

The FAANGM group Facebook (FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), Alphabet (GOOGL), and Microsoft (MSFT) isnt very expensive right now. The median forward earnings multiple is just under 30 times, according to FactSet data, above the S&P 500s average multiple of 21.5, but the group has traded at a far higher premium to the S&P 500 in the past. Considering the pace at which AAPL/AMZN/NFLX/GOOGL and MSFT are growing earnings and the long-term prospects for these companies, valuations are reasonable, writes Tom Essaye, founder of Sevens Report Research. These names could be considered GARP, which stands for Growth At Reasonable Price, says Essaye, who favors these stocks over the less profitable, smaller capitalization names.

Reasonable valuations mean earnings growth can take the older tech names higher. Expected earnings growth for 2022 in the FAANGM group, which the market will be pricing in by the end of the year, can provide at least acceptable returns. Facebooks earnings, for example, are expected to grow 17%, while Amazons are expected at 30%. That compares to just 12% for the S&P 500.

Does that mean the value rally will fizzle out? No, just that investors who dont want to put all their eggs in one basket can find opportunity in big tech. Value stocks, which dont have the same secular growth prospects but are sensitive to changes in the economy, have had a strong run. The Vanguard S&P 500 Value Index Fund ETF (VOOV) has outpaced the broader index by about 8 percentage points since the end of September, the start of a larger rally in economically-sensitive assets. As the economy keeps rebounding, value stocks could continue their run, but FAANGM stocks could act as protection against that outcome. And even if value keeps outperforming, FAANGM could still keep pace, Essaye notes.

And that should be good enough.

Write to Jacob Sonenshine at jacob.sonenshine@barrons.com

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Fauci’s about-face is a lesson on Big Tech overreach – Rocky Mount Telegram

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Silicon Valley giants such as Facebook, Twitter and YouTube have appointed themselves the arbiters of truth on controversial matters that warrant wide debate. Recent events related to the COVID-19 pandemic and its origins ought to be enough to revoke Big Techs authority to limit free speech under the guise of combating disinformation.

In a May 2020 interview with National Geographic, Americas top pandemic expert, Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, seemed pretty sure of the origins of COVID-19.

Faucis statement was largely taken as gospel, and the opinion of a single individual (albeit a respected expert) was adopted as conventional wisdom. Fauci: Evidence says coronavirus could not have been artificially or deliberately manipulated in lab, read an ABC News headline. A CNN headline screamed: Anthony Fauci just crushed Donald Trumps theory on the origins of the coronavirus.

Trump had said hed seen evidence that the virus came from a lab in China but that he couldnt provide further information. Americas intelligence services contradicted Trumps assertion. The intelligence community also concurs with the wide scientific consensus that the COVID-19 virus was not manmade or genetically modified, read a statement from the office of the director of national intelligence.

In a credibility contest between the establishment and a president known for embellishment and a less-than-rigorous treatment of information, it was a no-brainer. Case closed. Even though no actual proof had emerged from either side, gatekeepers to public debate indulged a classic logical fallacy of appeal to authority, swallowing the opinions of known authorities rather than demanding evidence.

Anyone who remained skeptical about the mainstream theory of COVID-19s origins was labeled a conspiracy theorist, crackpot or Trump cultist. And while mainstream media conveyed what had quickly become conventional wisdom regarding the origins of the virus, the Big Tech companies running social media outlets either removed or tagged with disclaimers content that went against the consensus, labeling it disinformation or fake news.

Fast-forward a year to May 2021. Intelligence on sick staff at Wuhan lab fuels debate on COVID-19 origin, read the headline of a May 23 Wall Street Journal story, citing a previously undisclosed U.S. intelligence report that could add weight to growing calls for a fuller probe of whether the COVID-19 virus may have escaped from the laboratory. Apparently, three researchers at the Wuhan Institute of Virology were admitted to a hospital in November 2019 with COVID-like symptoms.

Fauci has since moderated his views on the origins of the virus at a fact-checking festival, of all places. Speaking at a Poynter Institute event, Fauci was asked whether he still believes the virus is a natural phenomenon.

No actually, Fauci said. I am not convinced about that. I think we should continue to investigate what went on in China until we continue to find out to the best of our ability what happened.

Hey, does this mean that the worker bees policing free speech for the tech giants are going to be reversing course and labeling the natural occurrence theory as suspicious while validating the previously censored views suggesting that COVID-19 emerged from a lab? Are they going to censor links to Faucis words as theyve been doing with those endorsing the laboratory theory?

Maybe if the information gatekeepers were more insistent on rigorous debate and less interested in acting as censors protecting people from disinformation, everyone would have been prompted to ask more questions, which would have led to more answers, which would have led to a better evidence-based understanding of the pandemic instead of waiting for information to be spoon-fed. That didnt happen, because the gatekeepers simply shut down aspects of the debate they didnt like.

They do the same thing with other debatable issues, accusing those who question the experts in other areas climate science, for example of spreading disinformation. Its hard not to think that disinformation has become little more than a label to discredit views that dont fit with whatever narrative the establishment wants to peddle to the masses.

Social media was supposed to be a digital public square. These companies want to be regarded as private entities while acting like public utilities that have close proximity to power and its benefits and privileges including the ability to dictate policy. In reality, theyre self-serving, agenda-pushing, anti-democratic enemies of open debate.

Rachel Marsden is a columnist, political strategist.

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Fauci's about-face is a lesson on Big Tech overreach - Rocky Mount Telegram

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Big Tech cracked down on QAnon but its followers are finding online rabbit holes to spread conspiracies – Business Insider

Posted: at 7:58 am

Following a crackdown by tech giants on QAnon, new research released this week says that "chatter" related to the far-right conspiracy theory-fueled movement has decreased significantly. But analysts say that while QAnon-related catchphrases may be slowly disappearing from mainstream social media platforms, ardent followers of Q are finding ways to evade detection and discovering new rabbit holes to spread their

QAnon is a baseless far-right conspiracy theory that claims former President Donald Trump is secretly fighting a "deep state" cabal of satanic pedophiles and cannibals. The movement also claims that "Q," the shadowy figure at the center of it, has top-level access to confidential information, much of which paints a positive picture of Trump.

The movement helped perpetuate voter-fraud claims regarding the 2020 presidential election. And more recently, numerous participants in the Jan. 6 Capitol riot said their actions were inspired and influenced by their belief in Q.

A study published this week by the Atlantic Council's Digital Forensic Research Lab analyzed more than 40 million instances where QAnon keywords appeared on social media. These included closer looks at the number of times 13 phrases appeared, including the rallying cry "WWG1WGA," (an acronym for "where we go one, we go all") "the storm," "great awakening," and "trust the plan."

Jared Holt and Max Rizzuto, who are both researchers at the think tank, found that the number of times QAnon catchphrases were mentioned surged at several points during the Black Lives Matter protests, before the 2020 presidential election, and before the Capitol attack. But mentions of these Q-catchphrases nosedived when tech stepped in with content moderating measures and has dulled to what they call a "low murmur" after mass bans of some 70,000 QAnon-related Twitter accounts and a crackdown on Facebook groups affiliated to the movement.

But researchers cautioned that a dip in chatter does not mean that the QAnon movement has not vanished altogether. They also noted that the anonymous "Q" account instructed followers last year to "deploy camouflage" and to purposefully avoid mentioning the account to evade social media clampdowns.

Jason Blazakis, a senior research fellow at the Soufan Center and professor at the Middlebury Institute, told Insider QAnon believers remain a threat to international peace and stability.

He theorized that this dip in chatter means that there may be a "combination" of things happening. Firstly, that some QAnon followers could be abandoning the movement because Q's predictions have been proven to be bogus too many times. Secondly, the movement's remaining believers may be doing one of two things: forgoing old hashtags and using other modes to communicate with each other, or simply moving to fringe platforms and finding lesser-known rabbit holes online to spread their conspiracy theories.

"I, for one, remain worried about QAnon followers. Those who still believe are the most rabid fomenters of dangerous conspiracy theories. And, if they are moving to other platforms and using coded language in ways that have yet to be identified, that presents a challenge for those who are responsible for detecting problematic behavior in the online and offline space," Blazakis told Insider.

Earlier this month, Mashable reported that followers were substituting words and incorporating fresh code phrases in their posts to dodge social media tracking. This could be done by calling QAnon "cue anon," or referring to the mysterious Q by the number "17," because Q is the 17th letter of the alphabet. The AP reported in October last year that innocuous slogans like "Save the Children" were also co-opted and used to talk about Q without mentioning the alphabet.

Holt and Rizzuto added that some followers have created a "neo-QAnon" instead, a cluster of movements that promote the same claims, without the "hallmark linguistic stylings" of the original QAnon movement. Speaking to Forbes, Holt posited as well that new QAnon communities could have formed to talk about fresh topics.

"A lot of QAnon communities we're aware of have pivoted on to other topics, like vaccine conspiracies and claims about the Biden Administration," Holt told Forbes.

"In that way, they're plugging into broader misinformation and disinformation ecosystems online, which tend to reach more people," he added.

Blazakis added that terrorist groups have long adapted to the tactics used by law enforcement, and cautioned that law enforcement and intelligence agencies must adapt to possible evolutions in the way QAnon believers communicate. How this can be done, Blazakis said, is by having law enforcement agencies partner with tech experts who track QAnon.

"Too many people from all over the globe remain intrigued by the core narrative of QAnon, that there is some Satan-worshipping secret cabal of global elites who are engaged in pedophilia," he said, adding that he does not believe we have seen the last of QAnon-inspired violence.

"There very well could be QAnon spin-offs that gain the approval of a large number of followers, but that doesn't render QAnon irrelevant," he said. "It may just have new contenders that vie for the attention of conspiracy theorists."

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Big Tech cracked down on QAnon but its followers are finding online rabbit holes to spread conspiracies - Business Insider

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Weekend reads: What exactly is going on with big tech stocks? – MarketWatch

Posted: at 7:58 am

After many years during which the most familiar technology companies pulled the entire stock market up with them, 2021 is turning out to be a slow one for big tech.

Heres how the 11 sectors of the S&P 500 have performed this year through May 20 (with dividends reinvested):

Information technology has been this years second-weakest performer, with consumer discretionary taking the bottom spot. (That sector includes Amazon.com Inc. AMZN, +0.19% ) That follows a stellar 44% return during the pandemic year of 2020. You can also see that IT has been the markets long-term leader.

A rapidly growing economy with higher inflation hits high P/E growth stocks the most, especially in the short term, according to Jordan Kahn, chief investment officer of ACM Funds in Los Angeles.

For traders and short-term investors, youve been warned. But for long-term investors, it may be difficult for some of the largest tech companies to continue growing quickly enough to justify their high price-to-earnings valuations, according to a data study by Vincent Deluard, head of global macro strategy at investment firm StoneX, which was covered by Mark Hulbert.

Related tech stock coverage:

Google holding company Alphabet Inc. has had a good run this year, with its Class A shares GOOGL, +0.74% up 32% and its class C shares GOOG, +1.02% up 35% through May 20. Jeff Reeves dives into the companys financial performance and valuation, and considers whether it is a good time for investors to buy.

Another tech giant: Amazon is a cheap stock for long-term investors. These numbers tell you why.

As the economy reopens, ride-sharing is heating up again. Michael Brush compares Uber Technologies Inc. UBER, +1.31% and Lyft Inc. LYFT, +4.09% as financial performers and as investments.

Read on: Most Uber and Lyft trips will have to transition to electric vehicles in this decade, California declares

Bitcoin BTCUSD, +2.42% was down 38% through May 20 to $40,320 from its intraday high of $65,520 on April 14. But it was still up 37% for 2021 and up more than fourfold from a year earlier.

Mark DeCambre rounds up the newest events surrounding virtual currencies, including the Chinese governments crackdown plans.

Heres his look at the technical aspects of bitcoins decline.

William Watts considers how Chinas government action against cryptocurrencies might backfire.

Jaimy Lee interviews Rick Bright, a virologist and immunologist who has worked for four presidents, about COVID-19 infections of people who had already been vaccinated, and about changes that need to be made before the next pandemic.

As COVID-19 restrictions are lifted, people are traveling again and shopping. Tonya Garcia looks at the retail landscape, including sales at Macys Inc. and Walmart Inc., and highlights encouraging trends.

Continuing her Help Me Retire series, Alessandra Malito has advice for a 65-year-old woman emerging from bankruptcy who has nothing saved.

Paul Brandus looks deep into the results of a survey that indicates Americans fear outliving their money and related data about a lack of preparedness for life after careers end.

Paul Merriman recommends a simple strategy to increase your investment portfolios diversification and wind up with a much better long-term result, based on decades of performance.

More on retirement investing: Jack Bogles ghost warns about 401(k)s.

Jeff Opdyke provides detailed information about what is required to obtain visa and work permits in various countries, and also looks into various financial details. Here are his recommended four best places to live and work abroad.

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Weekend reads: What exactly is going on with big tech stocks? - MarketWatch

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