sleep with the vicious posted:

Lol, lmao

https://techcrunch.com/2023/07/12/us-consumers-spent-6-4-billion-first-day-amazons-prime-day-event/

The first day of Amazon’s two-day Prime Day event saw U.S. sales rise nearly 6% year-over-year to $6.4 billion,

Data from Adobe shows that Buy Now Pay Later (BNPL) orders accounted for 6.4% of online orders and drove $461 million in revenue, up 19.5% compared to the first day of Prime Day last year.

Last year, Amazon had two Prime Day sales with the first one taking place on July 12-13 and the second one on October 11-12. It’s unknown if Amazon plans to hold two Prime Day events this year as well.

Mr Hootington posted:

Furman thoughts long thread

StratGoatCom posted:

https://twitter.com/PolyculeHitman/status/1679039214221156352

www.cidrap.umn.edu posted:

England's National Health Service (NHS) announced yesterday that it is expanding its subscription-style payment model for antibiotics.

Under a pilot program launched in June 2022, NHS England awarded subscription contracts of up to £10 million a year (US $12.9 million) for 10 years for access to cefiderocol and ceftazidime-avibactam, manufactured by Shionogi and Pfizer, respectively. The idea behind the program was to provide the companies with a fixed annual fee based on the value of the antibiotics to the NHS and patients, rather than the volumes sold, and remove any incentive to overuse the drugs while incentivizing companies to develop new antibiotics.

With the proposed expansion of the program, the annual contracts could double to £20 million (US $25.9 million), based on criteria developed by the National Institute for Health and Care Excellence, and all UK nations will have access to the antibiotics.

The development of new antibiotics is absolutely essential to help build resilience to respond rapidly to new superbugs and save lives.

"As we continue to take lessons from the COVID-19 pandemic, the development of new antibiotics is absolutely essential to help build resilience to respond rapidly to new superbugs and save lives," David Glover, NHS assistant director of medicines analysis, said in an NHS press release. "With the proposed expansion of our world-first subscription model following a successful pilot, we want to meet this challenge head on and lead the response to the global battle against antimicrobial resistance, which could undermine the ability to deliver routine hospital care and treatment for patients."

A 12-week consultation will seek input from the pharmaceutical industry, patients, healthcare providers, and academics. Proposals will prioritize products that are active against pathogens deemed by the World Health Organization to be the most urgent threats.

is pepsi ok posted:

extremely same. real stunts and practical effects rule and are absolutely worth seeing on the big screen.

mawarannahr posted:

stunts and effects are for children

mawarannahr posted:

stunts and effects are for children

Saltpowered posted:

It’s soooo bad too. I would have thought it cost them almost nothing considering the quality not the price of a full budget movie and then some.

Vox Nihili posted:

they're for maybe 90% of moviegoers, only a tiny core of educated elites are solely into character and dialogue driven movies

croup coughfield posted:

triple sulk posted:

i hate feeling so loving old because i remember when a matinee ticket was like $5-6

Azuth0667 posted:

I remember when gas was below 1.50$.

skybolt_1 posted:

hello, fellow old person. I remember when it was headed over $2.00 and I was like, I will drive out of my way, I will never pay $2.

nexous posted:

82 cents/gal when I was 16. and I charged all my friends gas money. I’m the capitalist

Azuth0667 posted:

I remember when gas was below 1.50$.

Mr Hootington posted:

Gas is below $3 here. First time in years and I'm actually surprised.

skooma512 posted:

lol what is this from

Fozzy The Bear posted:

https://twitter.com/MattGrossmann/status/1679242998058479616

71123 posted:

mawarannahr posted:

stunts and effects are for children

RadiRoot posted:

the only true cinema is dogma 95

Zodium posted:

gently caress you

Rectal Death Adept posted:

https://twitter.com/CBSNewsColorado/status/1678408523984584709?s=20

Won't someone think of AirBNB

RadiRoot posted:

the only true cinema is dogma 95

silicone thrills posted:

*clears throat*
*Takes a deep breath*

AHAHAHAHAHAHHAHAHHHAHAHAHHAHAHHH HHAHHAHAHAH HA HA HA HA HA HA

mawarannahr posted:

stunts and effects are for children

quote:

‘YOLO’ spenders are propping up the economy, says Wharton professor Jeremy Siegel—but they’re about to run out of cash

When the warm weather vanishes at the end of this summer season, it could take the economy’s unexpected buoyancy with it.

According to Wharton professor Jeremy Siegel, the U.S. economy appears to be “progressing smoothly, with a resilient consumer impervious to the impact of higher borrowing costs.”

These spenders are the “YOLO (you only live once) consumers” who, Siegel believes, are spending the last of their cash reserves on traveling and enjoying the summer.

However, the Russell E. Palmer professor emeritus of finance warned that this could signal “the last good stretches for the economy before the summer ends and credit card bills come due.” He added that in the past, when students return to school in September and October, this has previously made for some “dicey periods for the markets.”

Professor Siegel also issued a warning to the Fed, to which he has previously appealed to pause rate hikes. The finance and economics expert said it would be a “mistake” for the Fed to wait until it saw a downturn in the jobs market before it began easing rate hikes.

“The Fed needs to only look back at its own experience calling inflation transitory to see how long it could take for inflation to turn around—and once a weakening in the economy kicks in, it could come fast,” professor Siegel wrote in his weekly WisdomTree note.

Yet Siegel believes there will neither be crisis or complete calm on the markets, saying: “I do not think the second half of the year will be a great time for the markets, but I don’t see it deteriorating dramatically either.

“There will be a battle in the market dynamics between recession fears and a slowdown, with thoughts the Fed will respond by bringing in more accommodation and lowering rates.”
‘The Bond King’ agrees

Legendary billionaire investor Bill Gross has also said he believes the coffers of American consumers will run dry by the end of the year.

Experts have long believed the Fed was going to push the public to the “point of pain” in order to get demand-driven inflation under control, with Bank of America analysts predicting in March that “the Fed might have to raise rates closer to 6% to get inflation back to target.”

Currently inflation stands at 3.1%—the lowest since March 2021—after the Fed has hiked rates to the 5.00% to 5.25% range, with warnings it may push through two more 25-basis-point hikes before the year is out.

And the theory of Gross—known as “the Bond King” for having cofounded fixed-income giant Pimco before managing its flagship bond fund—fits with that timeline.

The Wall Street titan reportedly worth $2.6 billion tweeted Monday: “4 trillion of COVID spending still dripping into economy with consumers still spending their last $500 billion or so. The trick is when to time the end of it.

“Fourth quarter is best guess.”

Gross isn’t the only one warning of a cash crunch. Back in October, JPMorgan boss Jamie Dimon also warned that consumer spending would run out this summer, after being battered by inflation from volatile energy prices and ongoing uncertainty arising from the Russian invasion of Ukraine.

Meanwhile Michael Burry, of Big Short fame, has been warning of a consumer recession for more than a year, initially predicting the slowdown would fall during Christmas of 2022.