The Daily Factum
Deprogramming the News
Breaking News
Venezuela Moves to Claim Oil-Rich Essequibo Region, Guyana Seeks International Support
Broke On: Friday, 01 December 2023Venezuelan President Nicolás Maduro has ordered the state oil company to issue extraction licenses in the disputed Essequibo region, currently controlled by Guyana. Guyana has put its defense forces on full alert and is seeking intervention from the UN Security Council. More than half of eligible Venezuelan voters participated in a recent non-binding referendum, with 95% voting in favor of laying claim to the disputed territory. Guyana is seeking assistance from the US military to protect the region. Moms for Liberty Co-Founder Bridget Ziegler Faces Controversy Amid Husband's Rape Allegation
Broke On: Monday, 04 December 2023A Pennsylvania chapter of Moms for Liberty split from the organization over the national leadership's response to a rape allegation against co-founder Bridget Ziegler's husband. Bridget Ziegler has resigned from her position at the Leadership Institute amid the controversy. Florida Democrats have called for Bridget Ziegler to step down from the Sarasota County School Board. Sundance Film Festival 2024: A Showcase of Global Cinema and Emerging Talent
Broke On: Wednesday, 06 December 2023'Love Me', a sci-fi romance starring Kristen Stewart and Steven Yeun, won the 2024 Alfred P. Sloan Feature Film Prize for its outstanding depiction of science technology The festival will honor Christopher Nolan and Celine Song The festival received a record 17,435 entries from 153 countries or territories 85 of the 91 entrants are making their world premiere Taylor Swift Discusses Psychological Impact of Feud with Kim Kardashian and Kanye West
Broke On: Wednesday, 06 December 2023Taylor Swift described her feud with Kim Kardashian and Kanye West as a 'career death'. Swift criticized Kardashian for collaborating with West to harm her psychologically. Swift expressed her opposition to the transfer of her masters to music manager Scooter Braun. AMD Launches MI300X AI Chips and Ryzen 8040 CPUs
Broke On: Wednesday, 06 December 2023AMD has launched its highly anticipated MI300X AI chips and new Ryzen 8040 CPUs. The MI300X series chips are designed for generative AI workloads and offer industry-leading memory bandwidth. The MI300X is said to have 1.4 times the performance of Llama2 and is already shipping to OEMs. AMD has partnered with Microsoft and Meta to use the MI300X chips in their offerings. British American Tobacco Announces $31.5 Billion Write-Down Amid Shift Away from Cigarettes
Broke On: Wednesday, 06 December 2023British American Tobacco has announced a $31.5 billion write-down from the value of its U.S. cigarette brands. This is the largest write-down of a U.S.-listed company since AOL's $35.6 billion write-off in 2014. The company is shifting its focus to smoke-free products due to the declining future of the traditional tobacco market. U.S. cigarette smoking is at an all-time low, while electronic cigarette use is on the rise. AbbVie Acquires Neuroscience Drugmaker Cerevel Therapeutics for $8.7 Billion
Broke On: Wednesday, 06 December 2023AbbVie has acquired Cerevel Therapeutics for $8.7 billion. This is AbbVie's second billion-dollar acquisition in less than a week, following its purchase of Immunogen for $10 billion. Cerevel brings with it drugs such as Emraclidine, an experimental treatment for schizophrenia and Alzheimer's disease psychosis. The deal values Cerevel Therapeutics at $45 per share. Major Bank CEOs Express Concerns Over Potential Recession and Regulatory Changes
Broke On: Wednesday, 06 December 2023CEOs of major banks, including Citigroup and JP Morgan, have expressed concerns about a potential economic recession. The CEOs also voiced their concerns about the Biden administration's proposed changes to banking regulations. The proposed regulations include additional capital requirements for banks and restrictions on overdraft fees. Former Ukrainian Lawmaker Illia Kyva Assassinated Near Moscow
Broke On: Friday, 01 December 2023Illia Kyva, a former Ukrainian lawmaker who defected to Russia, was assassinated near Moscow. The Ukrainian government has claimed responsibility for the assassination. Russian investigators have opened a criminal inquiry into the killing. Republican Presidential Hopefuls to Debate as Trump Holds Fundraiser
Broke On: Tuesday, 05 December 2023Four Republican presidential hopefuls, including Ron DeSantis, Nikki Haley, Chris Christie, and Vivek Ramaswamy, are set to participate in a debate. The debate will be held at the University of Alabama in Tuscaloosa and will be broadcasted on multiple platforms. Former President Donald Trump, who is not participating in the debate, is holding a fundraiser in Florida. Despite not participating in the debates, Trump maintains a dominant lead in national and early-state polls.