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Monday, June 9, 2025

FTC seeks information from top ad agencies as part of ad-boycott probe, WSJ reports

 The U.S. Federal Trade Commission has sought information from some of the world's top advertising firms as part of a probe into whether advertising and advocacy groups violated anti-trust laws by coordinating boycotts of certain sites, the Wall Street Journal reported on Monday.

Omnicom, WPP, Dentsu, Interpublic Group and Publicis Groupe, Havas and Horizon Media are among the agencies that the FTC sent letters to on Monday, the report said.

Reuters could not immediately verify the report.

The recent civil investigative demands are part of the FTC's probe of organizations including nonprofit U.S. media watchdog Media Matters and Ad Fontes Media, which rates the quality of news sources for advertisers, the WSJ report added.

U.S. media watchdog group Media Matters sued Elon Musk's X in March, accusing it of bringing "abusive," costly and meritless lawsuits to punish Media Matters for its reporting on advertising on X after Musk bought the social media platform.

In May, the FTC demanded documents from Media Matters about possible coordination with other media watchdogs accused by Musk of helping orchestrate advertiser boycotts of X.

The probe, marks an escalation in U.S. government scrutiny of whether groups such as Media Matters helped advertisers coordinate to pull ad dollars from X after Musk bought the social media site formerly known as Twitter in 2022.

FTC, Omnicom Group, WPP, Dentsu, Interpublic Group, Havas and Publicis Groupe did not immediately respond to Reuters' requests for comment, while Horizon media declined to comment on the report.

https://finance.yahoo.com/news/ftc-seeks-information-top-ad-001831257.html

US To Formalize Military Presence In Syria In Deal With AQ-Linked Govt

 by Dave DeCamp via AntiWar.com,

The US is working to formalize its military presence in Syria by signing a deal with the new al-Qaeda-linked government, according to a report from The New Arab.

The report was published Friday and said that a high-level US military delegation was expected to meet with Syrian officials in the coming days with the goal of shifting the US military presence from an illegal occupation to a formalizedlegal partnership.

The report comes as the US has been drawing down its forces in northeastern Syria and handing over some bases to the Kurdish-led SDF. The US is expected to maintain only one base in Syria, the al-Tanf Garrison in the south, which is situated where the borders of Syria, Iraq, and Jordan converge.

From al-Tanf, the US helped its proxy militia, known as the Syrian Free Army (previously known as the Revolutionary Commando Army), join in on the offensive led by Hayat Tahrir al-Sham (HTS) that ousted former Syrian President Bashar al-Assad on December 8, 2024.

A formal deal on al-Tanf would signal that the US is planning a long-term or even potentially a permanent military presence in Syria. The Pentagon has said that it’s currently working to reduce its forces in Syria to fewer than 1,000 troops in the country. According to the latest reports, approximately 1,500 US troops are currently stationed in the country.

The US has embraced the new Syrian government that’s led by HTS despite the group still being listed by the State Department as a foreign terrorist organization due to its al-Qaeda roots.

President Trump recently met with HTS’s leader and Syria’s de facto president, Ahmed al-Sharaa, formerly known as Abu Mohammed al-Jolani, and praised him as a “young, attractive guy” with a “very strong past.”

Sharaa got his start with al-Qaeda in Iraq, where he fought an insurgency against US troops before being imprisoned from 2006 to 2011. In 2012, he traveled to Syria and formed al-Qaeda’s affiliate in the country, the al-Nusra Front.

Map source: Stars & Stripes

In 2016, Sharaa claimed the al-Nusra Front was cutting ties with al-Qaeda. At the time, he thanked the “commanders of al-Qaeda for having understood the need to break ties.” In 2017, he merged his group with several other Islamist factions to form HTS.

https://www.zerohedge.com/military/us-formalize-military-presence-syria-deal-aq-linked-govt

China's Need For US Chemicals Greater Than US Need For Rare Earths

 US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates") blunting the impact of its dominations of exports of rare earth metals.

China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion. That dwarfed the $170 million of rare earths the US imported last year, about 70% of which came from China, according to the US Geological Survey.

The figures show the dependence the US and China have developed on each other by ever tightening trade links over the past few decades. While China has a tight grip on refining many metals crucial for industry, it also takes in niche chemicals from the US that are difficult to buy elsewhere.

China leans on naphtha to produce most base chemicals, which are processed further to end up in everyday items like electronics and clothing. However, some plants can switch to cheaper propane when the economics make sense, which they do regularly. Propane dehydrogenation plants however can’t process alternatives like naphtha. The US accounted for over half of all China’s propane imports in 2024. 

US producers have looked to China to buy their ballooning volumes of feedstock, the market value of which has almost quadrupled since 2020. China accounts for almost half of all new mixed-feed ethylene and propylene production capacity set to come online globally over the next four years, based on data compiled by BloombergNEF.

A forced divorce

The honeymoon period may be about to end. Following the implementation of tariffs by President Donald Trump’s administration in April, China retaliated with its own on US imports — including a 125% tariff on feedstocks like propane and ethane. The duty effectively killed the economics of importing US feedstocks. 

Alternative sources of propane may be hard or expensive to come by, with producers in the Middle East sending most of their supplies to India, South Korea and Japan. While some rerouting could take place, Middle Eastern players could use the lack of alternatives for China’s propane dehydrogenation plants to charge a premium. China’s propane dehydrogenation operators, like Hengli Petrochemical, have already suffered from weak margins over the past years. Many may opt to shut their operations temporarily.

A messy settlement

China moved quickly to remove tariffs on US ethane as trade talks commenced. However, while China seems willing to buy US ethane, the US administration may no longer allow it. Enterprise Products Partners — the largest US-based exporter of petrochemical feedstocks — received a notice on Wednesday from the Bureau of Industry and Security at the US Department of Commerce, denying licenses to export ethane to China on the basis that such flows “pose an unacceptable risk of use in or diversion to a ‘military end use’ in China.” Energy Transfer received a similar communication.

China’s ethane cracking capacity is dwarfed by its capacity to process naphtha and propane, but almost all of its ethane imports come from the US. The restrictions will have a significant impact on the Lianyungang and Tianjin plants, owned by Satellite Chemical, Sinopec and INEOS. SP Chemicals, a Singapore-based producer, sources most of its feedstock from Enterprise Products Partners.

As the trade war continues, it appears commodities may lead the confrontation, with players on both sides set to feel the pain.


Robinhood to provide tech, capital for Invest America initiative

 Robinhood Markets (NASDAQ:HOOD) plans to provide technology and capital resources for the White House's "Invest America" initiative, which would give every child born in America $1,000 in a brokerage account, CEO Vlad Tenev said Monday.

Robinhood (NASDAQ:HOOD) disclosed its participation in the program in an emailed press release to Seeking Alpha.

Earlier, President Donald Trump announced the pilot program that would give a $1,000 government-funded index fund account to American children born between Jan. 1, 2025, and Dec. 31, 2028. The announcement of the program was made during a White House roundtable with prominent executives, which included Robinhood's (NASDAQ:HOOD) Tenev, Michael Dell, Goldman Sachs (GS) Chairman and CEO David Solomon, and Uber (UBER) CEO Dara Khosrowshahi, among others.

The savings accounts for minors were part of the House's "One Big, Beautiful Bill" that also included big tax cuts and rolled back a raft of green energy tax incentives. The House passed the bill, but the Senate has yet to vote on it. 

https://www.msn.com/en-us/money/savingandinvesting/robinhood-to-provide-tech-capital-for-invest-america-initiative/ar-AA1Gocar

Acadia Pharmaceuticals Again Prevails in Appeal Upholding Patent for Parkinson's Drug

 Composition of matter patent affirmed, provides protection into 2030

- Builds on recent ruling in favor of Acadia for formulation patent expiring in 2038

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that the U.S. Court of Appeals for the Federal Circuit affirmed a decision issued by the U.S. District Court for the District of Delaware in December 2023 confirming validity of the NUPLAZID® (pimavanserin) '740 composition of matter patent. The affirmance came in Acadia’s litigation against MSN Laboratories Pvt. Ltd. and MSN Pharmaceuticals, Inc.

https://finance.yahoo.com/news/u-court-appeals-federal-circuit-200100101.html

Pharmacist group withholds endorsing CDC's latest vaccine recommendations

 The American Pharmacists Association will withhold endorsing the U.S. Centers for Disease Control and Prevention's latest immunization schedule, which removed the recommendation for pregnant women to receive the COVID-19 vaccine.

The CDC said last month COVID-19 vaccines remain an option for healthy children when parents and doctors agree that it is needed.

Health Secretary Robert F. Kennedy Jr. who oversees the CDC, the Food and Drug Administration and the National Institutes of Health, had announced the change in recommendations before the CDC updated its website.

"COVID-19 vaccination during pregnancy has been proven safe and effective. Additionally, this vaccine is not associated with any fertility issues in either women or men," the association said on Monday.

APhA's said pregnancy is a high-risk condition, and, people who are pregnant should be recommended to receive the COVID-19 vaccine.

https://www.yahoo.com/news/pharmacy-group-withholds-endorsing-cdcs-225956062.html



From festivals to weddings: Why drone shows are booming



The wedding ceremony was almost over when newlywed Bobby Underwood stepped on a napkin-covered glass to break it, as is Jewish tradition, and everyone shouted "Mazel Tov!".


But as he and his new wife Siobhan turned to walk back down the aisle, their wedding officiants said, "Wait." There was a surprise.

"All of these drones started rising up," recalls Mrs Underwood. "It was honestly remarkable, very overwhelming – and incredibly emotional for us."

She estimates that between 100 and 150 drones appeared in the night sky, displaying lights of various colours, and forming images chosen to represent the bridge and groom.

These included a baseball player hitting a ball – as Mr Underwood is a big baseball fan – and a diamond ring being placed on a finger.

The couple were married on New Year's Eve 2024, in New York State. Mrs Underwood's mother had arranged the surprise drone show with help from the couple's wedding planner – who had suggested it as a "wow factor" component of the day. It seemed to have the desired effect.

"It was kind of just shock – 'Is this really happening right now?'," says Mrs Underwood. "I can't believe my mom did this for us."


Chris J Evans
Drones traced out a baseball player for the Underwood's wedding


Drone shows are becoming ever more popular. Once rarities, they are now appearing at occasions ranging from birthday parties and weddings, to major sporting events. Some theme parks even have resident drone shows that take place multiple nights in a row.

Glastonbury music festival had its first drone show in 2024.

And record-breaking displays are pushing the technology to its limits – the biggest drone show in history took place in China last October. It featured a total of 10,200 drones and broke a record set only the previous month. So, does all this spell the end for fireworks?

"They are really beautiful – they are art," says Sally French, a US-based drone industry commentator known as The Drone Girl. She says that drone shows have appeared at baseball games, corporate conferences, and even at ports, to celebrate the launch of cruises.

Drone displays are becoming highly sophisticated, she explains, with some drone shows featuring thousands of flying devices, allowing them to animate figures or patterns in incredible detail.

"I saw a Star Wars-themed drone show where there was a full-on lightsabre battle," adds Ms French.

One barrier might be the price tag, however, with the cost per drone at around $300 (£220) in the UK, says Ms French, citing industry data from market research firm SPH Engineering: "A 500 drone show would be over $150,000."

Mrs Underwood does not have an exact figure, but estimates that her wedding drone show cost tens of thousands of dollars.


The Drone Girl
Sally French says drone shows have become an art form


The sky's the limit, actually. Skymagic, one of the world's largest drone show companies, has put on major displays that cost north of $1m says Patrick O'Mahony, co-founder and creative director.

Skymagic's shows have taken place in various countries – including the 2023 Coachella music festival in California.

The company has also performed drone shows in the UK, including as part of the King's Coronation concert, which was broadcast by the BBC.

Mr O'Mahony has experience in designing fireworks displays and other, similar events. But drones have revolutionised outdoor public displays, he says.

His company has a fleet of 6,000 custom-designed drones. Each one can reach speeds of up to 10 meters per second. The drones sport LED lights and have batteries that allow for 25 minutes of flight time.

To make them easier to transport, the drones are stored in flight cases and unpacked at venues in a giant marquee before they are laid out in the take-off area, half a metre apart, in a grid pattern.

"Once the drones have received their 'go' command [they] fly the entire show," adds Mr O'Mahony, explaining that a single human pilot on the ground controls thousands of the devices at once.

The drones are geo-fenced, based on Global Positioning System (GPS) data, which prevents them from straying beyond the allotted flight area. In windy conditions, though, they can get blown off course. In such cases, they automatically return to a landing spot on the ground, says Mr O'Mahony.


Skymagic
Patrick O'Mahony's company has a fleet of 6,000 drones


Fireworks have a "boom" factor that drones generally don't, notes Ms French. However, Bill Ray, an analyst at market research firm Gartner, says that some drones can now launch pyrotechnics, for a firework-like effect. For instance, a stream of sparks raining down from the lower portion of an image created by a group of drones.

Plus, Mr Ray says it is much easier to accurately synchronise drone movements with music during a show, which could be another reason behind their appeal. But the cost of shows remains prohibitive to some, and in part comes down to the fact that laying out the devices and gathering them all up again after the performance is still a relatively slow, manual process, adds Mr Ray.

Pedro Rosário is chief executive of Drone Show Animations, a company that designs drone show performances for other companies that supply the drones themselves. Mr Rosário says that one challenging aspect of his work is in coming up with displays that adhere to various regulations applying to drone flights, since these rules differ from country to country. England has stricter regulations than countries in the Middle East, for example, he says.

Mr Rosário adds that drone shows, which might be paired with pyrotechnics, traditional fireworks or even lasers, allow for a huge degree of creative freedom: "You can really build something that has emotional value, it can tell a story."

In Mrs Underwood's case, that seems to have worked. Her guests enjoyed the spectacle too, she adds: "We've heard compliments about our wedding in general – but, consistently, the drone show is something people bring up as something they never expected to see."




https://www.bbc.com/news/articles/c79ewz7qej4o