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Warren Buffett says the unusually quick sale of Berkshire Hathaway’s TSMC stake was driven by geopolitical tensions – Yahoo Finance

  1. Warren Buffett says the unusually quick sale of Berkshire Hathaway’s TSMC stake was driven by geopolitical tensions Yahoo Finance
  2. Buffett’s Japanese stock purchases could indicate a bigger plan, says Mobius Capital’s Mark Mobius CNBC Television
  3. Berkshire Set to Pay More for Yen Debt Amid BOJ Tightening Bets Bloomberg
  4. Warren Buffett has his eyes on this one country when it comes to his future investments—and he already owns 6% of its top 5 companies Yahoo Finance
  5. Cramer’s First Take: Warren Buffett doesn’t invest like us CNBC Television
  6. View Full Coverage on Google News

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Appalachia residents claim they are being driven out of their neighborhood after crypto mine opened

Residents in a North Carolina Appalachian town say they’re being forced to leave their homes due to a noisy cryptocurrency mine that has drawn petitions and protests.  

The facility in Murphy, one of two in Cherokee County, has consistently made a sound that resident Mike Lugiewicz describes as ‘a small jet that never leaves.’ In September, one mine was described as ‘more costly than beef production.’

Sound meters run by Lugiewicz out of his yard showed the ceaseless noise of the stacks of computer servers and cooling fans scoring from 55 to 85 decibels. 

‘There’s a racetrack three miles out right here,’ Lugiewicz said. ‘You can hear the cars running. It’s cool.’ 

‘But at least they stop,’ neighbor Judy Stines added to CNN. ‘And you can go to bed.’ 

Residents in a North Carolina Appalachian town say they’re being forced to leave their homes due to a noisy cryptocurrency mine that has drawn petitions and protests

Bans on crypto by places like China have led those looking to harvest searching for locations along Appalachia, as power is relatively affordable and regulation is usually non-existent in those areas. 

A company called PrimeBlock has bought a dozen mines across North Carolina, as well as in Tennessee and Kentucky. 

The company – based out of San Francisco – has garnered about $300million in equity financing and is likely to go public soon.  

Despite a largely Republican and Libertarian base, the noise has forced residents to demand their local government do something about it, with the Board of Commissioners recently asking state and federal officials to regulate crypto mining. 

‘I personally think that if we can get a bill into the system, other (North Carolina) counties will join,’ Chairman Cal Stiles said.

Chandler Song, PrimeBlock Co-Founder and Chief Innovation Officer, said that such regulation would be ‘unconstitutional, to say the least’ and said of the locales: ‘Oh boy, they wanted us so bad a year ago.’

There were plans for representatives from PrimeBlock to speak at a Cherokee County Board meeting, but County Commission Chair Dan Eichenbaum said that they decided not to come because someone shot at one of the service lines. 

Resident Mike Lugiewicz (pictured left) describes the noise as like ‘a small jet that never leaves’

Bans on crypto by places like China have led those looking to harvest searching for locations along Appalachia, as power is relatively affordable and regulation is usually non-existent in those areas

Song has since said that he hasn’t heard any complaints from the county but promised PrimeBlock would build noise insulation walls and install water-based cooling systems that made a sound, the Washington Post reported. 

They did, but only on two sides of the mine before construction stopped, only making residents angrier. 

Both Song and co-founder Ryan Fang were featured in a 2017 Forbes list of young entrepreneurs who were able to raise over $10million in funding for projects.  

PrimeBlock claimed nearly $25million in revenue in the fourth quarter of 2021 and an estimated enterprise value of $1.25billion. 

Despite a largely Republican and Libertarian base, the noise has forced residents to demand their local government do something about it, with the Board of Commissioners (pictured) recently asking state and federal officials to regulate crypto mining

Chandler Song, PrimeBlock Co-Founder and Chief Innovation Officer, said that such regulation would be ‘unconstitutional, to say the least’ and said of the locales: ‘Oh boy, they wanted us so bad a year ago’

Song has yet to respond to any follow-up questions. DailyMail.com has reached out to a spokesperson for PrimeBlock for comment.  

The mines, along with winter storms, have been blamed for rolling blackouts in power grids built by the Tennessee Valley Authority, which have rarely happened in the New Deal-era program’s history. The mine never shut down.

‘They shut us down on Christmas Eve and Christmas Day every hour for anywhere from 15 to 45 minutes to an hour,’ resident Ron Wright said. ‘Well, once your power goes down, your heat pumps go off and pipes freeze.’

Lugiewicz and Stines are still fighting, but Lugiewicz has attached a for sale sign to his home. 

‘September of 2021, I think, is when they turned this on and my wife and I just shook our heads, said, ‘No, we’re out of here.’

Despite promises PrimeBlock would build noise insulation walls and install water-based cooling systems that made a sound, they only built them on two sides of the mine before construction stopped, only making residents angrier

The mines, along with winter storms, have been blamed for rolling blackouts in power grids built by the Tennessee Valley Authority, which have rarely happened in the New Deal-era program’s history. The mine never shut down

The Murphy facility made waves all the way in neighboring Clay County, which enacted a ban on commercial crypto mining last August.

‘Regarding environmental impacts, the board found that cryptocurrency mining contributes to climate change, noise pollution, environmental devastation, immense quantities of energy used including, but not limited to electrical energy,’ the ordinance states. 

County Commissioner Clay Logan told the Clay County Progress it was ‘just good common sense.’ 

Both Change.org and the Sierra Club have launched petitions against the mines. 

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An electric Kia that’s faster than a Lamborghini? The 2023 EV6 GT, driven

Enlarge / You need a keen eye to spot that this is a Kia EV6 GT—the larger wheels and neon green brake calipers are the main clue.

Jonathan Gitlin

LAS VEGAS—In January, we got our first chance to drive Kia’s new EV6 electric vehicle. Built using Hyundai Motor Group’s excellent new E-GMP platform, the EV6 instantly impressed us, offering a less polarizing design and more playful handling than the also impressive Hyundai Ioniq 5. Designed as a dedicated EV platform, E-GMP features an 800 V battery pack that allows for rapid fast charging, and the rear- and all-wheel drive can achieve excellent levels of efficiency.

In that first drive, and then again on local roads over the summer, my seat time in the EV6 confirmed Hyundai Motor Group’s wisdom in hiring Albert Biermann away from BMW to build up the Korean automakers’ research and development programs. But now Kia’s turned the dial well past 11 with the new $61,400 EV6 GT, a limited-production variant that can outdrag some Ferraris and Lamborghinis, and ride the rumble strips at a racetrack with the best of them.

Between the axles of the EV6 GT you’ll find the same 77.4 kWh (gross capacity) battery pack as in other EV6s—the company has discontinued the smaller-battery variant (the EV6 Light) due to very little demand. But in the EV6 GT, that battery will now feed much more power to the pair of electric motors that drive the front and rear wheels. There’s a total of 576 hp (430 kW), in fact, plus a combined 545 lb-ft (738 Nm) of torque, split between a 215-hp (160 kW) front motor and a 362-hp (270 kW) rear motor with an electronic limited-slip differential.

To put down that power, the EV6 GT rides on 21-inch wheels shod with Goodyear Eagle F1 performance tires. And to rein it in again, even though Kia has increased the amount of regenerative braking from 0.3 G to 0.4 G, it’s also seen fit to equip the EV6 GT with large, ventilated disc brakes (15 inches at the front, 14.2 inches at the rear) with monoblock calipers, picked out in a fetching neon green paint. The car rides on electronically controlled dampers with revised spring rates and retuned steering compared to lesser EV6s, and there are unique front suspension components, plus new traction and stability control algorithms that make this quite a playful car.

To access all that power and torque, you need to press the neon green GT button on the steering wheel—this unlocks the full 576 hp and puts the electronic safety net in its most permissive setting. In eco mode, the EV6 GT sends just 287 hp (214 KW) of power to the motors—mostly to the rear motor for better efficiency. In normal and sport modes, the battery increases maximum power to the motors to 429 hp (320 kW), which is enough to make this a quick EV despite a not-inconsiderable curb weight of 5,732 lbs (2,600 kg). (This also explains the big brakes.)

But if you press the green button, and you’ve got at least 70 percent state of charge remaining, the car unlocks all 576 hp. At Las Vegas Motor Speedway’s drag strip, the EV6 GT easily ran 11.5-second quarter-mile times, crossing the line at 118 mph (190 km/h). Kia quotes a 0-60 mph (0-98 km/h) time of 3.4 seconds, a tenth of a second faster than rivals like the Tesla Model Y Performance and the Ford Mustang Mach-E GT, and the EV6 GT will keep accelerating until the speed limiter kicks in at 161 mph (260 km/h).

Enlarge / I ran the drag strip twice and got ETs of 11.557 and 11.587 without much difficulty. And the cars seemed able to cope with repeated runs.

Jonathan Gitlin

On the track, I was able to properly explore GT mode’s more permissive handling and found a car that will powerslide quite readily, but which is easy to catch. The suspension was able to cope with riding the curbs, although it’s true that the road course at LVMS is flat, and the curbs are smooth and not tooth-rattling. A warmup lap in sport mode followed by laps in GT mode confirm just how much faster the latter is. And you’ll be glad to know that the brakes work well, even though you do notice the car’s mass on track when it’s time to slow things down from speed.

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Measles outbreak in central Ohio grows to more than 50 children, driven by ‘lack of vaccination’



CNN
 — 

A measles outbreak in central Ohio is growing, sickening more than 50 children, with many of them needing hospitalization, according to data updated Tuesday by Columbus Public Health.

None of the children had been fully vaccinated against measles.

Since the start of the outbreak in November, at least 58 measles cases have been identified in Columbus and Franklin, Ross and Richland counties, and there have been 22 hospitalizations, according to Columbus Public Health.

Of those cases, 55 were in unvaccinated children. The other three were only partially vaccinated, meaning they received one dose of their MMR or measles, mumps and rubella vaccine when two are needed for a person to be considered fully vaccinated.

Experts recommend that children get the vaccine in two doses: the first between 12 months and 15 months of age, and a second between 4 and 6 years old. One dose is about 93% effective at preventing measles if you come into contact with the virus. Two doses are about 97% effective.

Nationwide, more than 90% of children in the US have been vaccinated against measles, mumps and rubella by age 2, according to the US Centers for Disease Control and Prevention.

“Measles can be very serious, especially for children under age 5,” Columbus Public Health spokesperson Kelli Newman wrote in an email Monday.

All of the Columbus cases have been in children: 12 in infants younger than 1, 28 in toddlers ages 1 to 2, 13 in children ages 3 to 5, and five in ages 6 to 17.

That corresponds to about 71% of cases being reported in 1- to 5-year-olds.

While the specifics of each hospitalized measles case can vary, “many children are hospitalized for dehydration,” Newman wrote. “Other serious complications also can include pneumonia and neurological conditions such as encephalitis. There’s no way of knowing which children will become so sick they have to be hospitalized. The safest way to protect children from measles is to make sure they are vaccinated with MMR.”

Some of the children visited a grocery store, a church and department stores in a mall while they were contagious, according to Columbus Public Health’s list of exposure sites.

Measles is a highly infectious disease that can spread through the air when an infected person coughs or sneezes or if someone comes into direct contact with or shares germs by touching contaminated objects or surfaces.

“Measles can be a severe illness and can commonly lead to complications which require hospitalization, especially in young children,” Dr. Matthew Washam, medical director of epidemiology and infection control at Nationwide Children’s in Columbus, wrote in an email Tuesday.

In the Ohio outbreak, the hospitalized children have been seen at Nationwide Children’s Hospital.

“Most children can usually recover at home with supportive care and can receive antibiotics for less severe complications, such as ear infections. Some children develop more severe complications, such as dehydration requiring intravenous fluids, pneumonia and/or croup which require respiratory support, or rarely more severe complications such as encephalitis,” Washam wrote.

“The mainstay of treatment for all children with measles is supportive care,” he added. “In the hospital, this can include intravenous fluids, antibiotics for secondary bacterial infections, and respiratory support amongst other supportive care measures. Some children with measles may also be treated with vitamin A given the association of lower vitamin A levels with more severe measles illness.”

The measles outbreak is “very concerning,” said Dr. Nora Colburn, an adult infectious diseases physician at The Ohio State University Wexner Medical Center in Columbus, who has been watching the outbreak closely along with her colleagues.

“What’s really driving this is unfortunately a lack of vaccination, which is just heartbreaking,” said Colburn, who also serves as the medical director of clinical epidemiology for the Richard M. Ross Heart Hospital at the OSU Wexner Medical Center.

“For measles, it is the most infectious disease we have,” she said. “And so it is very concerning as an infectious disease physician, as also a mother of a young child and as a community member.”

During the early days of the Covid-19 pandemic, while most people stayed home and some health-care facilities were closed, many children missed their routine immunizations, including the MMR vaccine – and they still may not have gotten all their recommended shots. That’s true around the world as well as in the US.

“The concern now is that we’ve had this global dip in vaccination coverage as a result of the pandemic, probably not actually from vaccine hesitancy or refusal but just there were a lot of kids that missed their checkups during the pandemic, and we really haven’t completely caught those kids up,” said Dr. Sean O’Leary, chair of the American Academy of Pediatrics’ Committee on Infectious Diseases and professor of pediatric infectious disease at the University of Colorado School of Medicine and Children’s Hospital Colorado.

“Measles is such a contagious disease that when you see those dips, we really worry about the potential for large outbreaks,” he said. “You need to really maintain a high vaccination coverage to keep measles from spreading.”

About 90% of unvaccinated people who are exposed to measles will become infected, according to Columbus Public Health, and about 1 in 5 people in the US who get measles will be hospitalized.

While the measles outbreak spreads across central Ohio, the United States has been battling a surge of respiratory illnesses, such as flu and RSV, or respiratory syncytial virus, and the ongoing Covid-19 pandemic.

Pediatric hospitals nationwide have been overwhelmed by this rise in respiratory infections and are bracing for the possibility of even more cases over the holiday season.

“I can’t even imagine if your hospital is already chock full and all of a sudden you’ve got to deal with measles, because measles is a really problematic infection-control situation, too. You need negative-pressure rooms, everyone has to wear N95 masks, and it’s incredibly contagious in a hospital,” O’Leary said.

“There’s a lot of risk particularly to immunocompromised patients that are also in children’s hospitals,” he said. “It’s a real problem.”

Nationwide Children’s Hospital confirmed to CNN in an email Tuesday that it has seen a surge in other respiratory illnesses, such as flu and RSV, but remains able to keep caring for patients.

“The current surge in respiratory illnesses such as the flu and RSV is being seen locally. While we are experiencing some visits and admissions related to measles, volumes are relatively low compared to flu and RSV. Measles poses a greater strain on resources related to public health efforts, including contact tracing, containment, education, and immunizations,” the hospital statement said. “While busy, our hospital remains able to continue to provide care for patients.”

With each of these respiratory illnesses, it sometimes can be difficult to determine which infection a person has as the symptoms – such as fever, cough, and runny nose – can be similar.

“To have RSV, influenza, Covid at the same time as the holidays, and then now we have measles on top of it, which can have overlapping symptoms of fever and cough and fatigue, it can be really challenging to kind of sort out which infection is what,” Colburn said, adding that it is important for anyone with symptoms to stay home and get tested.

Measles symptoms may include fever, cough, runny nose, watery eyes and a rash of red spots. In rare cases, it may lead to pneumonia, encephalitis or death.

“Wearing your mask, especially in crowded areas, is really important, especially for our immunocompromised patients. I really worry about measles in adult patients who cannot get the MMR vaccines,” she said. “We can’t give it to severely immunocompromised patients or pregnant women. So it’s really important that everybody else gets vaccinated to cocoon those very vulnerable people and decrease the circulation of measles in our community.”

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Mass Extinctions May Have Been Driven by the Evolution of Tree Roots

According to new research, the evolution of tree roots may have triggered a series of mass extinctions.

Geologists find parallels between ancient, global-scale extinction events and modern threats to Earth’s oceans.

A series of mass extinctions that rocked the Earth’s oceans during the Devonian Period over 300 million years ago may have been triggered by the evolution of tree roots. This is according to a research study led by scientists at Indiana University–Purdue University Indianapolis (IUPUI), along with colleagues in the United Kingdom.

Evidence for this new view of a remarkably volatile period in Earth’s pre-history was reported on November 9 in the scientific journal Geological Society of America Bulletin. It is one of the oldest and most respected publications in the field of geology. The study was led by Gabriel Filippelli, Chancellor’s Professor of Earth Sciences in the School of Science at IUPUI, and Matthew Smart, a Ph.D. student in his lab at the time of the study.

“Our analysis shows that the evolution of tree roots likely flooded past oceans with excess nutrients, causing massive algae growth,” Filippelli said. “These rapid and destructive algae blooms would have depleted most of the oceans’ oxygen, triggering catastrophic mass extinction events.”

Scientists collect rock samples on Ymer Island in eastern Greenland, one of several sites whose analysis provided insight into the chemical makeup of lake beds in the Devonian Period. Credit: John Marshall, University of Southampton

The Devonian Period, which occurred 419 million to 358 million years ago, prior to the evolution of life on land, is known for mass extinction events, during which it’s estimated nearly 70 percent of all life on Earth perished.

The process outlined in the study — known scientifically as eutrophication — is remarkably similar to modern, albeit smaller-scale, phenomenon currently fueling broad “dead zones” in the Great Lakes and the Gulf of Mexico, as excess nutrients from fertilizers and other agricultural runoff trigger massive algae blooms that consume all of the water’s oxygen.

The difference is that these past events were likely fueled by tree roots, which pulled nutrients from the land during times of growth, then abruptly dumped them into the Earth’s water during times of decay.

The theory is based upon a combination of new and existing evidence, Filippelli said.

Gabrielle Filippelli. Credit: Liz Kaye, Indiana University

Based upon a chemical analysis of stone deposits from ancient lake beds — whose remnants persist across the globe, including the samples used in the study from sites in Greenland and off the northeast coast of Scotland — the researchers were able to confirm previously identified cycles of higher and lower levels of phosphorus, a chemical element found in all life on Earth.

They were also able to identify wet and dry cycles based upon signs of “weathering” — or soil formation — caused by root growth, with greater weathering indicating wet cycles with more roots and less weathering indicating dry cycles with fewer roots.

Matthew Smart. Credit: Photo courtesy Matthew Smart

Most significantly, the team found the dry cycles coincided with higher levels of phosphorous, suggesting dying roots released their nutrients into the planet’s water during these times.

“It’s not easy to peer over 370 million years into the past,” said Smart. “But rocks have long memories, and there are still places on Earth where you can use chemistry as a microscope to unlock the mysteries of the ancient world.”

In light of the phosphorus cycles occurring at the same time as the evolution of the first tree roots — a feature of Archaeopteris, also the first plant to grow leaves and reach heights of 30 feet — the researchers were able to pinpoint the decay of tree roots as the prime suspect behind the Devonian Periods extinction events.

Fortunately, Filippelli said, modern trees don’t wreak similar destruction since nature has since evolved systems to balance out the impact of rotting wood. The depth of modern soil also retains more nutrients compared to the thin layer of dirt that covered the ancient Earth.

But the dynamics revealed in the study shed light on other newer threats to life in Earth’s oceans. The study’s authors note that others have made the argument that pollution from fertilizers, manure and other organic wastes, such as sewage, have placed the Earth’s oceans on the “edge of anoxia,” or a complete lack of oxygen.

“These new insights into the catastrophic results of natural events in the ancient world may serve as a warning about the consequences of similar conditions arising from human activity today,” Fillipelli said.

Reference: “Enhanced terrestrial nutrient release during the Devonian emergence and expansion of forests: Evidence from lacustrine phosphorus and geochemical records” by Matthew S. Smart, Gabriel Filippelli, William P. Gilhooly III, John E.A. Marshall and Jessica H. Whiteside, 9 November 2022, GSA Bulletin.
DOI: 10.1130/B36384.1

Additional authors on the paper are William P. Gilhooly III of IUPUI and John Marshall and Jessica Whiteside of the University of Southampton, United Kingdom. Smart is currently an assistant professor of oceanography at the U.S. Naval Academy. This study was supported in part by the National Science Foundation.



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Utes, EVs star in NZ sales for August: a month of extremes – News

August was a month of extremes for the New Zealand new-vehicle market. The top three sellers were traditional Kiwi ute favourites Ford Ranger (934 registrations) and Toyota Hilux (897) – but followed by the pure-electric Tesla Model 3 (745).

It was also the biggest August for the new-vehicle market on record with 14,690 sales, which Motor Industry Association (MIA) chief executive attributes to “shipments arriving allowing back orders to be filled”. It’s 118 per cent up on August 2021, which was severely affected by a Covid-19 lockdown.

According to Crawford, light-commercial volume (which includes utes) is also almost back to pre-Clean Car Discount levels, despite the programme imposing substantial fees on buyers of higher-emitting vehicles.

August registrations also showed 2530 sales of battery electric vehicles (BEVs) and 627 plug-in hybrid electric vehicles (PHEVs), meaning EVs accounted for over 20 per cent of the total market – thanks partly to that huge push from the Tesla shipment, which also brought 581 Model Y SUVs (pictured above with Model 3). Newcomer BYD made a big impact with 448 units of the new Atto 3.

The top PHEVs were the Mitsubishi Eclipse Cross (198), Mitsubishi Outlander (191) and MG HS +EV (98).

Sales of petrol-hybrid (non plug-in) vehicles were 1626 for August, led by the Toyota RAV4 (342), Kia Niro (166) and Toyota Highlander (154).

Toyota retained market leadership for August with an 18 per cent share, followed by Mitsubishi (12 per cent) and Ford (8 per cent).

Year-to-date, the top three models are Toyota Hilux, Ford Ranger and Mitsubishi Outlander.

TOP SELLING VEHICLES IN NZ YEAR TO DATE
Toyota Hilux (6634)
Ford Ranger (6408)
Mitsubishi Outlander (6272)
Mitsubishi Triton (4938)
Toyota RAV4 (3964)
Mitsubishi Eclipse Cross (2442)
Suzuki Swift (2385)
Kia Sportage (2282)
Tesla Model 3 (2049)
MG ZS (1980)



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Bentley Mulliner Batur, DS 9 Driven, And DeLorean Concepts: Your Morning Brief


Good morning and welcome to our daily digest of automotive news from around the globe, starting with…

Physical Buttons Much Easier To Use Than Infotainment Screens, Study Finds

Swedish publication Vi Bilägare compared 11 modern vehicles to a 2005 Volvo V70 in an effort to find out which had the most user-friendly controls. Drivers were asked to perform a range of actions, including switching on the seat heaters, adjusting the radios, and resetting the trip meter. In the 17-year-old Volvo, it took the driver just 10 seconds to perform all the tasks, while in the worst-performing vehicle, the MG Marvel R, it took the driver 44.9 seconds — needless to say, with attention being diverted from the road in that time.


Bentley Mulliner Batur Debuts As Most Powerful Model In The Company’s History

With more than 730 hp (544 kW / 740 PS) and 737 lb-ft (1,000 Nm) of torque, the  Bentley Mulliner Batur is the most powerful model the brand has ever produced and serves as a reminder of the potential of the company’s familiar twin-turbo 6.0-liter W12. Detailed performance specifications have not yet been released; however, the engine is not the only thing to write home about with this limited-to-18 units bespoke edition. The car will come with four-wheel steering, torque vectoring, an electronic LSD, adaptive air suspension, and carbon brakes — not to mention the modernized styling that will “guide” the company’s transition into EVs.


Driven: DS 9 Is A Quirky French Luxury Car For Committed 5-Series Haters

Is the DS 9 an undiscovered gem, or does it deserve to be overlooked in light of its German competition? While the DS 9 fails to impress on some fronts (like infotainment and interior space), there are some quirky aspects where it does pretty well too. Should you reconsider that 5-Series? Read on and find out.


These 34 Electric Cars Won’t Qualify For Biden’s New EV Tax Credits

The new EV tax credit scheme may seem like good news for would-be electric car owners, but it isn’t as simple as you may think. In fact, with the regulations that are coming into play with the Inflation Reduction Act, even if an EV claims to be made in America, it may not be enough to qualify in the future thanks to batteries made overseas and a price cap of $55,000 for cars and $80,000 for vans, trucks and SUVs. That means a range of electric cars, from the Kia EV6 to the Tesla Model X, won’t be eligible for the $7,500 maximum tax credit.


DeLorean Unveils 2024 Alpha5 Plasmatail And Baja-Themed 2040 Omega Concepts

Following the unveiling of the DeLorean Alpha5 prototype, the company presented two new concepts that aim to look towards the future. The first, the 2024 Alpha5 Plasmatail, shares its fully electric underpinnings and several body panels with the regular Alpha5. It envisages a shooting brake bodystyle for the EV, with increased storage capacity. The DeLorean Omega is slightly more outlandish and, according to the company, is an off-roader designed for 2040, incorporating Baja-themed off-road racing elements.


Is The Dodge Charger Daytona SRT’s Fake V8 Sound Cool Or Cringy?

A lack of aural stimulation is one of the biggest gripes petrolheads have with the impeding EV revolution. So far, we’ve seen automakers tackle the problem in different ways, but none has been quite as polarizing as the retro-futuristic V8 soundtrack provided by the Dodge Charger Daytona SRT EV. But we want to know what you think about the Charger’s, and others’, sounds — are they cool or cringy?


What Else Is Making The News?


Kimi Raikkonen Crashes Out Of NASCAR Cup Debut 

2007 Formula 1 World Champion Kimi Raikkonen was pushed off the track and into a barrier in his maiden NASCAR Cup race. Raikkonen, driving a Chevrolet for Project91, had qualified 27th for the Go Bowling at The Glen event at Watkins Glen, and was running as high as P8 at one point.


Cineworld Considering Filing For Bankruptcy In The US

Cineworld, a UK-based company that owns Regal Cinemas in the US, says it is considering filing for Chapter 11 bankruptcy in the States. However, the firm stated that it expects to continue trading in the long-term, with no impact on its employees, but that shareholders should expect a significant dilution in their stakes.



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How the ‘Justice League’ Snyder Cut Was Driven by Bots & an Ad Agency

Zack Snyder was becoming increasingly agitated. Over the course of several weeks in the spring of 2020, the director repeatedly demanded that the names of two producers – Geoff Johns and Jon Berg – be removed from his upcoming re-cut of Justice League, the DC superhero movie that had tanked back in 2017. His high-powered CAA agent began calling Warner Bros. daily to check on why the pair hadn’t been excised from the list of credits. Simultaneously, Snyder’s wife Deborah, another producer on the film, started pressing an executive in the studio’s story department with the same directive. (Snyder admits the couple “asked the studio” to intervene after “a personal plea” to Johns and Berg was ignored.) On June 26, 2020, Snyder had had enough. According to multiple sources familiar with the matter, Snyder confronted an executive in the studio’s postproduction department and issued a threat: “Geoff and Jon are dragging their feet on taking their names off my cut. Now, I will destroy them on social media.”

A toxic social media movement had already been building around the director since at least 2018, spiking with online cries for Warner Bros. to #ReleaseTheSnyderCut of Justice League two years later. As Snyder’s demands escalated behind the scenes — including for more money to finish his four-hour director’s cut of the film for HBO Max and access to intellectual property so did a flood of attacks aimed at Warner Bros.: calls for boycotts, demands for some executives to be fired, even death threats against them. Fans went after anyone or anything deemed a danger to the so-called SnyderVerse, including directors like Adam Wingard (whose Godzilla vs. Kong launched on HBO Max 13 days after Snyder Cut and stole some of its thunder) and movies like Wonder Woman 1984 (on which Johns was a writer). The onslaught included cyber harassment so severe Warner Bros. security division got involved. (A Warner Bros. Discovery spokesperson declined to comment, “as this matter predates the current leadership and new company.”) 

And as the mayhem built, many insiders questioned how organic the SnyderVerse legion really was. According to two reports commissioned by WarnerMedia and recently obtained by Rolling Stone, at least 13 percent of the accounts that took part in the conversation about the Snyder Cut were deemed fake, well above the three to five percent that cyber experts say they typically see on any trending topic. (In public filings, Twitter has estimated that the percentage of daily active accounts on its platform that are “false or spam” is less than five percent.) So while Snyder had scores of authentic, flesh-and-blood fans, those real stans were amplified by a disproportionate number of bogus accounts.    

Two firms contacted by Rolling Stone that track the authenticity of social media campaigns, Q5id and Graphika, also spotted inauthentic activity coming from the SnyderVerse community. And yet another firm, Alethea Group, found that the forsnydercut.com domain — which claims to have made the #ReleaseTheSnyderCut hashtag go viral in May of 2018, and became the landing hub for efforts to bring Snyder back to the helm of the DC universe — was, at least at one point, registered to a person who also ran a now-defunct ad agency which promoted its ability to bring “cheap, instant Avatar traffic to your website.” 

Rolling Stone spoke with more than 20 people involved with both the original Justice League and Snyder’s cut, most of whom believe that the director was working to manipulate the ongoing campaign. Snyder claims that, “if anyone” was pulling strings on the social media fervor, it was Warner Bros. “trying to leverage my fan base to bolster subscribers to their new streaming service.” But one source maintains, “Zack was like a Lex Luthor wreaking havoc.” 

For a time, rival studios and digital marketing executives were intrigued by the SnyderVerse fan mobilization, wondering how they, too, might better harness the power of social media. But soon many came to question what appeared to be suspect activity: Hashtags like #ReleaseTheSnyderCut saturated social media beginning in late 2019, racking up hundreds of thousands of tweets a day to pressure Warner Bros. to release the director’s version of the film. And when the studio finally released Synder’s new cut in March 2021, #RestoreTheSnyderVerse, a fledgling fan hashtag calling for Warner Bros. to greenlight more of Snyder’s DC films, racked up more than a million tweets in one day. 

“Just look at the drop: [That hashtag was] trending at a million tweets a day for when they wanted to release the Snyder Cut. And it dropped down to 40,000 within days,” says one digital marketing executive, who claims the phenomenon became the talk of Hollywood. “You don’t see a drop like that organically.” Instead, the executive says, it appears to be a classic example of “weaponizing a movement.”

In mid-January 2021, three months before the Snyder Cut of Justice League was finally released, an Instagram account with the handle @daniras_ilust posted a gruesome image depicting the decapitated heads of Johns, DC Films president Walter Hamada, and former Warner Bros. Pictures Group chairman Toby Emmerich. The image rapidly circulated among the fandom, with SnyderVerse devotees even tagging social media accounts of some of the children of the trio. It was alarming posts like these that prompted WarnerMedia, concerned about the safety of its employees, to take the unusual step of quietly commissioning a series of reports from a third-party cybersecurity firm to analyze the trolling.

The reports had taken on a mythic status within Warner Bros. Some doubted they even existed. But a small group at the parent company did have access to them. The main report, dated April 2021 and titled “SnyderCut
Social Media Presence,” offers a chilling glimpse inside the powerful movement. 

“After researching online conversations about the Snyder Cut of the Justice League‘s release, specifically the hashtags ‘ReleaseTheSnyderCut’ and ‘RestoreTheSnyderVerse’ on Facebook, Twitter and Instagram, [the analysts] detected an increase in negative activity created by both real and fake authors,” the report concluded. “One identified community was made up of real and fake authors that spread negative content about WarnerMedia for not restoring the ‘SnyderVerse.’ Additionally, three main leaders were identified within the authors scanned on Twitter, Facebook, and Instagram — one leader on each platform. These leaders received the highest amount of engagement and have many followers, which gives them the ability to influence public opinion.” Furthermore, the report stated, many authors were spreading “harmful content” about then-Warner Bros. chairman Ann Sarnoff (who had called the fan trolling “reprehensible” in an interview with Variety), “with the majority of authors calling her a liar for the claim that there is no Snyder Cut of the movie and called for Warner Media to fire her. These authors also started using the hashtag ‘BoycottWarnerBros.’” Another internal report found an active sub-community that was attacking Johns. 

Rolling Stone asked three other cybersecurity and social media intelligence firms, including Q5id, to crunch SnyderVerse-related data from the months leading up to the Snyder Cut’s 2021 release, looking for indications of inauthentic social media activity. (Such activity could take a number of forms, including attempts to manipulate discourse involving human-operated networks of inauthentic accounts; or the use of software to automate account posting and engagement activity, often referred to as “bots.”) Q5id chief information officer and chief technology officer Becky Wanta says her firm’s analysis indicates “there’s no question that bots were involved.” 

Wanta explains: “There are certain patterns that bots give off that we saw here. They arrive at almost the same time in huge numbers. And many times the origin of thousands or even millions of messages can be traced to a single source or two. Sometimes, they can be traced to unusual servers in remote countries. And their content will be precisely similar.” 

That means a fandom amplified by fake accounts helped shake down a major studio — at an ultimate cost to Warner Bros. of more than $100 million — to re-release a movie that had already bombed years earlier.

The campaign didn’t end with the March 18, 2021, release of the Snyder Cut. The Wrap reported in May that bots may have factored into Snyder winning two fan-favorite awards at this year’s Oscars. And according to the social media firm Graphika, the pattern of a mostly organic social media fan frenzy augmented by a small number of inauthentic accounts is still playing out. “We see clear signs of coordinated online activity from May and June this year, when multiple communities pushed hashtags promoting Zack Snyder and deriding Warner Bros.,” Avneesh Chandra, a data analyst at Graphika, tells Rolling Stone. As examples, Graphika points to accounts that seemed to exist only to barrage Twitter and the replies of WarnerMedia social media accounts with constant pro-Snyder hashtags. 

Chandra downplays the effectiveness of that inauthentic activity, noting that “many of those accounts are spammy and failed to cut through the noise,” but he says it’s clear there is some manipulation occuring. “The bulk of this activity was made up of real and passionate users taking direction from influential figures in the pro-Snyder community,” Chandra says. “We regularly see these types of adversarial social media campaigns that are driven by real people coordinating online. When you kick the hornet’s nest of a large, engaged, and confrontational fan community, that can be just as, if not more, scary as facing down an army of fake accounts.”

Every superhero tale needs an origin story. And the groundwork for the SnyderVerse siege had been laid well before 2020. While Snyder denies it, one source tells Rolling Stone the director hired a digital marketing firm to juice fan engagement back in 2016, when his $250 million film Batman V Superman: Dawn of Justice was savaged by critics (earning a dismal 29-percent RottenTomatoes rating) and disappointed Warner Bros. brass at the box office, as well as the DC fan base. (The movie took in $874 million worldwide; a DC stand-alone film like 2019’s Joker, by comparison, cost $70 million and earned $1.074 billion worldwide.) Nevertheless, the Snyder army was coalescing.

On February 27, 2017, Snyder showed his first cut of the much-anticipated Justice League — intended to be DC’s answer to Marvel’s all-star superhero juggernaut The Avengers, which had earned $1.519 billion worldwide five years earlier and was directed by Joss Whedon. Executives at the studio, headed up at the time by former chief Kevin Tsujihara, felt the film had major issues, including that it was convoluted and still too long at more than two-and-a-half hours. The movie was deemed “a disaster” and “full-on failure” by those in the room, and, as a result, the studio pivoted and enlisted Whedon to come on as a writer and consultant, according to multiple knowledgeable sources. 

It was a humiliating turn for Snyder, who had once been entrusted with creating the architecture for the DC universe and its slate of films, including Wonder Woman, Aquaman, and the upcoming The Flash. Nine days later, Snyder presented another cut to a smaller group. It was still well over two hours. Whedon gave notes on that cut; some say Snyder wasn’t receptive. Then, in mid-March of 2017, Snyder, a father of eight, endured an unthinkable tragedy when his 20-year-old daughter died. Still, he continued working to cut down the film, while the studio had Whedon operating on a separate track to lighten its dark, superserious tone.

On May 5, 2017, Snyder screened his final version of Justice League on the Burbank lot for all of the studio’s department heads. It clocked in at two hours and 18 minutes. One source familiar with that cut called it “unwatchable” and “joyless.” Meanwhile, Whedon, the creator of Buffy the Vampire Slayer, was prepping to direct reshoots in the summer so that the film could make its November 2017 release date. None of the backstage drama surrounding Whedon’s hiring had surfaced in the press at the time.

Two and a half weeks later, on May 22, 2017, Snyder announced the news of his daughter’s death and his exit from Justice League. His wife Deborah also said she was taking a break to focus on healing. “In the last two months, I’ve come to the realization … I’ve decided to take a step back from the movie to be with my family, be with my kids, who really need me,” Zack Snyder told The Hollywood Reporter. “They are all having a hard time. I’m having a hard time.”

Warner Bros. released Justice League, with its star-laden cast of Ben Affleck, Henry Cavill, and Gal Gadot, on Nov. 17, 2017, and it was quickly proclaimed a disaster. Critics bristled at the schizophrenic result, a mash-up of Snyder’s brooding, violent, R-rated version poking through Whedon’s campy, PG-13 incarnation. The film’s $658 million global haul was an embarrassment given its $300 million budget. (By contrast, the DC stand-alone Wonder Woman made $165 million more than Justice League but with half the budget that same year.) 

Though Snyder had created the architecture for the entire DC Universe — he is responsible for casting Affleck (Batman), Gadot (Wonder Woman), Ezra Miller (Flash), Jason Momoa (Aquaman), Ray Fisher (Cyborg), and Amber Heard (Mera) — and was a producer on various stand-alone and spinoff films like 2016’s Suicide Squad, he was now on the outside. The studio was looking to take the universe in a different direction and was making plans to replace Affleck and Cavill. 

Around this time, sources say, Snyder sent one of his editors to the studio to retrieve hard drives that contained materials for Justice League. Snyder was asked to return them, considering they were studio property. He balked. (Snyder says he was contractually entitled to files connected with the film, that the materials were for “my personal use” and that he was not asked to return them at that time.) Security was notified, sources say, but no action was taken. No one expected Snyder to begin tinkering with an alternate cut of the film.

But a new force was rising: the SnyderVerse army. Forsnydercut.com, one of the loudest and most influential voices in online Snyder fandom, made its debut in late December 2017, and, according to both the site and the main report commissioned by WarnerMedia, played an influential role in making the Twitter hashtag #ReleaseTheSnyderCut go viral.

Zack Snyder and Jason Momoa on the set of ‘Justice League.’

Clay Enos/Warner Bros

It’s unclear who, precisely, is behind the site. Four participants are listed there as its developers, including a self-identified fan and site founder who purports to be from China named Fiona Zheng. The site was originally registered using a privacy service in December 2017, but web registration records show that, during a brief lapse in the privacy protection from mid March to mid-October 2021, a digital marketing consultant named Xavier Lannes was listed as the registrant of forsnydercut.com. The social media analytics firm Alethea tells Rolling Stone that it is highly unlikely that ownership changed hands before or after that period. 

A LinkedIn account for Lannes, who is not mentioned on forsnydercut.com, identifies him as the CEO of a Los Angeles-based digital ad firm called MyAdGency. The website MyAdGency.com is no longer active, but an archived version of the site touted such services as bringing “cheap, instant Avatar traffic to your website.” The agency boasted: “We use the latest technology concentrated in the palm of your customer’s hands to grow your business beyond your wildest dreams!” Snyder denies knowing or ever hiring Lannes; Lannes did not respond to a request for comment. Zheng, meanwhile, despite prolific tweeting about Snyder from 2016 up until the day of the Snyder Cut’s release in 2021, has posted just twice since then. A query to Zheng went unanswered.

Over the two years following Justice League’s disappointing bow, Warner Bros. faced changes. In June 2018, AT&T closed an $85 billion deal to acquire the Time Warner media empire, whose sprawling assets included CNN and HBO. The following year, Tsujihara resigned following a Hollywood Reporter exposé about his apparent efforts to secure roles for an aspiring actress with whom he had a sexual relationship. Sarnoff replaced him.

All the while, the Snyder fandom continued to call for the studio to greenlight a Snyder version of Justice League, launching a Change.org petition and mobilizing the hashtag #ReleaseTheSnyderCut. Executives who didn’t fall in line faced a social media beating. Former DC Entertainment president Diane Nelson deleted her Twitter account in September 2018 after SndyerVerse adherents targeted her for merely praising Todd Phillips’ Joker, a film that exists outside the Snyder canon.

Pricey publicity stunts ensued, like a towering Times Square ad — which can cost more than $50,000 per day — and a plane flying over Comic Con with a banner calling for DC to release the Snyder Cut. None of the press reports at the time addressed who was footing the bill. “Where was the fundraiser? Why didn’t we ever see a Kickstarter campaign from the fans?” asks one insider who became skeptical of the grassroots nature of the SnyderVerse movement, considering the cost of such marketing endeavors.

Whatever role he may or may not have played in the Snyder Cut publicity blitz, at the close of 2019, Snyder sent his disciples into overdrive when he posted a picture of a set of film canisters labeled “JL Director’s Cut Running Time 214 [minutes].” Running over the picture were the words: “Is it real? Does it exist? Of course it does.” One insider scoffed at the post: “He refused to return the hard drives, which were studio property. This was just more orchestrated bullshit from Zack.”

The fandom — which has been dubbed “toxic” by such outlets as Vanity Fair and Vox, with the latter noting it “has far more in common with abusive right-wing campaigns like Gamergate than with most of mainstream geek culture” — continued to push, and Snyder began negotiations with Warner Bros. on a Justice League redo in January 2020. The plan was to release his cut on the in-development HBO Max streaming platform. Sources say the director insisted that no new footage would be needed. After Snyder screened the 214-minute version at his home right before the March 2020 Covid lockdown, HBO Max executive Bob Greenblatt greenlit the project, a move signed off on by new WarnerMedia CEO Jason Kilar. The company officially announced the film on May 20, 2020, with Greenblatt noting, “Since I got here 14 months ago, the chant to #ReleaseTheSnyderCut has been a daily drumbeat in our offices and inboxes. Well, the fans have asked, and we are thrilled to finally deliver.” (Silicon Valley transplant Kilar had raised eyebrows internally when he initially floated the unconventional idea of announcing Snyder Cut from his own Twitter account and having the director flown to Dallas to address the AT&T board. Some became even more concerned when the CEO, who was publicly bantering with Snyder on Twitter, was told that Snyder was in possession of studio property, and, they say, he simply shrugged it off. Kilar says he “never had the remotest thought” to fly Snyder to Texas to address the board, and says he “would never” shrug off someone having studio property.)

Still, Snyder wasn’t satisfied, as Johns and Berg’s names remained on the project as of summer 2020. Sources say the director blamed the pair for his losing control of the DC universe when they replaced him to run the portfolio of superhero films back in 2016. Then, after four months of a fan siege targeting Johns and Berg, they were quietly removed from the credits. (Snyder notes that neither he nor his wife have “have ever said anything negative about Geoff Johns or Jon Berg on social media or in interviews,” and says they wanted the pair’s names removed from the credits because “this was not the movie they believed in, developed, or helped us to get made.”) Around the same time, Kilar agreed to give Snyder $60 million for postproduction and special effects work. That figure marked a significant bump from initial reports that pegged finishing costs at $20-$30 million.

What the studio didn’t know at the time was that Snyder had already shot footage in his backyard at the height of the pandemic. Sources say the rogue shoot flouted Covid protocols and union guidelines. (Snyder acknowledges two shoots were done in his backyard during the pandemic, insisting that both adhered to Covid protocols, and noting that one shoot was authorized by Warner Bros.) Furthermore, they say Snyder wanted an additional $13 million to cover additional production costs. Sarnoff pushed back, as extra footage wasn’t part of the deal.

Meanwhile, the Snyder controversy had begun spinning in new directions. Fisher, an actor who Snyder had plucked from obscurity to play Cyborg in Synder’s Batman v Superman: Dawn of Justice, started speaking out against Whedon, the director who’d been hired to replace Snyder on Justice League back in 2017.

“Joss Whedon’s on-set treatment of the cast and crew of Justice League was gross, abusive, unprofessional, and completely unacceptable,” Fisher tweeted. He added, bringing Snyder’s alleged threat regarding his onetime colleagues to fruition five days after Snyder made his final push to have the pair removed: “He was enabled, in many ways, by Geoff Johns and Jon Berg.” (Nearly all of the insiders interviewed by Rolling Stone say they believe Fisher and Snyder were working in tandem, based on Fisher’s tweets coming directly on the heels of Snyder’s behind-the-scenes demands. Snyder calls the allegation “totally untrue”; Fisher declined comment to Rolling Stone.) Gal Gadot echoed Fisher’s complaints about Whedon’s on-set behavior, saying that the director “kind of threatened my career and said if I did something, he would make my career miserable.” The actress Charisma Carpenter — who had worked with Whedon on two TV series — took to Twitter to say the director had “abused his power on numerous occasions while working together on the sets of Buffy the Vampire Slayer and Angel.”

Whedon has denied these accusations against him. As for Fisher’s subsequent charge that top executives participated in “blatantly racist conversations” surrounding the film according to people who’d been “in the room,” an external investigation, conducted by Katherine Forrest of the law firm Cravath, Swaine & Moore and concluded in December 2020, found “no credible support” that there was racial animus at Warner Bros. and cleared Berg, Johns, and Emmerich of such charges. 

That same month, a battle was also brewing between Snyder and DC Films president Walter Hamada over a Snyder Cut arc involving the character Martian Manhunter. Sources say the character never appeared in the script, leaving the studio blindsided. Hamada demanded the footage not be used; DC had other plans for Martian Manhunter and didn’t want him wasted in two random scenes. But sources say Snyder threatened to delete other footage if he didn’t get his way. (Snyder denies this and adds that he had no ability to do so.) At the same time, Fisher turned up the dial on Twitter, taking direct aim at Hamada, calling him “the most dangerous kind of enabler.” (In Feb. 2021, Cravath’s Forrest released a statement absolving Hamada of any wrongdoing. Warner Bros. also released a statement noting that Hamada was at a different Warner subsidiary when 2017’s Justice League was released.) Fans posted such incendiary images as Hamada and Sarnoff, who had also been fighting for the removal of the unauthorized footage, photoshopped wearing Ku Klux Klan robes. 

In a move that dismayed studio insiders, Kilar overruled Sarnoff and allowed Martian Manhunter to appear in the Snyder Cut. The director was also given the $13 million he’d been demanding in production costs. That brought the studio’s total expenditure on the film to $73 million, before marketing costs put it over the $100 million mark. “That’s $73 million while people were losing their jobs at the studio for a director’s cut of a film that already lost hundreds of millions,” notes an insider. (Snyder says “The studio never would have released my version of Justice League unless it made financial/business sense for them.”)

But for those who thought the SnyderVerse mob would move on, they were mistaken. In early 2021, Fisher attacked Warner Bros.’ then-global communications head, Johanna Fuentes, for some unspecified role in the Cravath investigation. Fans then began harassing Fuentes, a woman of color, on Twitter and calling for her ouster. A simple story written by this reporter about Kiersey Clemons being cast for a Flash stand-alone movie also incurred the wrath of the collective just days before the Snyder Cut release in March 2021. Snyder called to say he wanted several sentences from the story removed. “I’m just telling you what the fans are going to do. Trust me, they are pretty, pretty, pretty rough,” he warned. The sentences stayed, and the SnyderVerse throng descended.

Even after the film opened, random bystanders continued to be hit by the SnyderVerse shrapnel. When fans review-bombed Adam Wingard’s Godzilla vs. Kong, sources say the director asked Snyder through an intermediary to tell his fans to stand down — and that Snyder refused. (Snyder says he was never asked to have his fans stand down, adding: “Furthermore, I do not control my fans. They have their own will and their own opinions; you really give me too much credit.”) Another source says Warner Bros. successfully lobbied IMDb, which includes user reviews, to weed out trolls targeting Godzilla vs. Kong. (Wingard declined comment.) Similarly, factions of the SnyderVerse army review-bombed James Gunn’s Suicide Squad four months later, motivating the director to acknowledge the mob on Twitter: “I’ll live — stuff like this means nothing in the big picture. (And important to point out most the SnyderCut fans have been supportive, it’s only a few who feel it’s worthwhile spending their time doing stuff like this.)” Ultimately, both films outperformed Snyder Cut on HBO Max.

One year after the film’s release, Snyder is no longer working with Warner Bros., having moved on to Netflix, where he is currently shooting the sci-fi film Rebel Moon, described as an ambitious two-part movie. Fisher is playing a resistance fighter named Blood Axe. The studio’s plans for the DC Extended Universe no longer involve Snyder, who ,anfinally returned the Justice League materials he’d confiscated following a settlement reached with the studio in August 2021. 

The SnyderVerse army often called for a number of heads to roll at Warner Bros. and WarnerMedia. Hamada appears safe, given the success of this year’s The Batman, a movie made outside of the Snyder-built interconnected universe. Johns continues to work with WarnerMedia on projects including The CW’s breakout Stargirl, whose third season debuts on Aug. 31. And Berg is said to have unannounced projects in development with the studio. Several executives caught in the Sndyer web didn’t survive a recent regime change ushered in after Discovery closed a $43 billion deal to acquire WarnerMedia, including Kilar, Sarnoff, Emmerich, and Fuentes, though “it had nothing to do with the SnyderVerse,” says one insider at WarnerMedia. Emmerich, for one, inked a five-year producing deal with the studio. Still, that didn’t stop the fandom from celebrating and taking credit for those executives’ exits. They now use hashtags #RestoreTheSnyderVerse and #DeborahSnyderForDCStudios, referring to a push to make Snyder’s wife the head of the DCEU.

Some who witnessed the SnyderVerse fan wrath privately lament that WarnerMedia didn’t do a better job of protecting those affected. One called it “the grossest examples of mass indifference” as executives were left hung out to dry. But those measures likely would have done little to stop the onslaught of one of social media’s most vicious communities. 

For his part, Snyder says: “As an artist it was fulfilling to be able to finally see my vision realized after such a difficult time in my life and for it to be so well received. I am grateful to both the fan community and Warner Bros. for allowing this to happen. To dwell on negativity and rumors serves no one.” Referencing various charitable causes to which the Snyder army has donated funds, he adds, “If this is indeed a balanced article, I hope that all the good work the fandom has done is being represented.”

Regardless of whether there was behind-the-scenes manipulation in the SnyderVerse, for Wanta, whose firm spots and analyzes inauthentic online activity, the phenomenon offers a blueprint on how to weaponize a fan base. “That’s my concern with the manipulation that’s happening inside these movements, relative to bots — you can drive the court of public opinion,” says Wanta. “It needs to be dealt with, because it’s going to get worse before it gets better.”

 

Additional reporting by Adam Rawnsley



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US inflation hit 40-year high in June, driven by record gas prices

That’s the highest level in more than 40 years and higher than the previous reading, when prices rose by 8.6% for the year ended in May. It is also much higher than the 8.8% that economists had predicted, according to Refinitiv.

The Consumer Price Index for June also showed that overall prices that consumers pay for a variety of goods and services rose by 1.3% from May to June.

Much of the June increase was driven by a jump in gasoline prices, which were up nearly 60% over the year. Americans faced record-high gas prices last month, with the national average topping $5 a gallon across the country. Electricity and natural gas prices also rose, by 13.7% and 38.4%, respectively, for the 12-month period ended in June. Overall, energy prices rose by 41.6% year-over- year.

The increases, however, were felt across all categories. Prices for food at home were up 12.2% over the year, with eggs up 33.1%, butter up 21.3%, milk up 16.4%, chicken up 18.6%, and coffee up 15.8%. Shelter costs were up 5.6%.

Tackling inflation is ‘a top priority’

President Joe Biden said Wednesday the June CPI inflation reading was “unacceptably high” but noted that it is “also out of date,” since gas prices have lowered in the last 30 days. Gasoline and crude oil prices are now below $100 per barrel, down from their highs in June.

“Energy alone comprised nearly half of the monthly increase in inflation,” Biden said. “Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices, that have reduced the price at the pump by about 40 cents since mid-June. Those savings are providing important breathing room for American families. And, other commodities like wheat have fallen sharply since this report.”

Biden also reiterated that tackling inflation is his “top priority.”

The typical American household now needs to spend $493 more per month to buy the same goods and services they did at this time last year, said Mark Zandi, chief economist at Moody’s Analytics.

And, as prices continue to rise, they’re also outstripping wage gains.

Real average hourly earnings — which represent wage growth adjusted for inflation — slumped 1% from May to June and are down 3.6% from June 2021, according to separate BLS data released Wednesday.

“Inflation has pretty much eroded most of the gains,” said Kathy Jones, managing director and chief fixed income strategist at Charles Schwab. “People’s purchasing power is going down.”

How this might impact rate hikes

Stripping out food and energy costs, which tend to represent transitory fluctuations, core CPI prices rose by 0.7% from May to June and by 5.9% for the 12-month period ended in June.

The Federal Reserve pays particular attention to that core data when assessing future inflationary trends, and the latest numbers likely give the central bank a green light to continue with its aggressive series of rate hikes to cool off the economy and bring down higher prices. The Fed is widely expected to raise its benchmark interest rate by at least 75 basis points at its next monetary policymaking meeting on July 26-27.

While it’s too soon to say whether inflation has peaked (especially given the broader volatility within the global economy), core inflation appears to have leveled off, and expectations are for it to continue to come down in the year-over-year comparison, said Cailin Birch, global economist at the Economist Intelligence Unit.

‘What everyone’s worried about is this day’s inflation data or what happened yesterday, so [the Fed is] having to work with backward-looking information in order to make forward-looking decisions,” she said. “I think they are going to decide to focus on keeping inflation expectations anchored, reassuring the market. And that means the higher interest rate hikes, but it brings more recession risks moving forward.”

CNN’s Allie Malloy contributed to this report.

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Berlin: One person dead, five with life-threatening injuries after car driven into crowd in Berlin

More than a dozen people were injured when the driver ploughed into people on Kurfuerstendamm avenue, near the landmark Kaiser Wilhelm Memorial Church, at around 10:30 a.m. local time, a police spokesman said.

The small silver Renault continued toward Tauentzienstrasse, a tree-lined street popular with tourists, before veering off the road and crashing through a glass shop window, the spokesman, Thilo Cablitz, said.

“A man is believed to have driven into a group of people. It is not yet known whether it was an accident or a deliberate act,” Berlin police said on Twitter, adding that the driver was being held at the scene.

Police said that the driver, a 29-year-old German-Armenian national, is being questioned.

More than 130 emergency services personnel were responding to the incident, Berlin’s mayor, Franziska Giffey, said in a post on Twitter thanking them for their quick response.

“I am deeply affected by this incident. We know that there is one dead and there are several seriously injured. The police are working urgently to clarify the situation,” Giffey tweeted.

Videos and images shared on social media showed blankets covering what appeared to be a body in an area cordoned off by police and a helicopter circling above.

Scottish-American actor John Barrowman, who was at the scene, said that the car careened onto the pavement and hit people before crashing into a storefront window. “I heard the bang and the crash when we were in a store and then we came out and we just saw the car,” he said in a video posted on Twitter, adding that he saw a number of people with injuries.

Wednesday’s incident unfolded near the spot of a fatal attack on December 19, 2016, when Anis Amri, a Tunisian national with Islamist terrorist links, rammed a tractor trailer truck into a crowded Christmas market, killing 12 people and injuring 48. Amri was later shot dead by police in Italy.

This is a developing story …

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