America Abbai Newsletter 12/5/24

Stock Markets As of 12/5 4:46 PM CST

S&P 500
6,075.11 (-0.19%)

Dow 30
44,765.71 (-0.55%)

Nasdaq
19,700.72(-0.17%)

Bitcoin
98,791.04(+0.39%)

Top News

The fatal shooting of UnitedHealthcare CEO Brian Thompson in midtown Manhattan has shocked the nation, with police investigating it as a “premeditated, targeted attack.” While authorities search for the gunman, social media users have responded with pointed criticism of the for-profit health insurance industry, highlighting frustrations over denied claims and high costs. The incident has sparked a broader discussion about the public’s anger toward the U.S. healthcare system, with some comments even questioning the investigation’s urgency.

Tesla’s stock rose 3% after BofA Securities analysts, following a Giga Austin factory visit, expressed optimism about Tesla’s growth prospects for 2025 and beyond. Lead analyst John Murphy highlighted Tesla’s plans to release a low-cost EV under $30,000 and expand its robotaxi and software offerings, which could boost margins and market reach. BofA raised Tesla’s price target to $400, citing advancements in full self-driving (FSD) technology and potential new models that align with Tesla’s long-term growth strategy.

Trump says venture capitalist David Sacks will be AI and crypto ‘czar’

Venture investor and podcaster David Sacks has been appointed as the “White House A.I. & Crypto Czar” in the Trump administration, focusing on advancing policies for artificial intelligence and cryptocurrency. President-elect Donald Trump announced the role, emphasizing Sacks’ mission to position the U.S. as a global leader in these fields, promote free speech online, and address Big Tech bias. The appointment marks a shift for Sacks, who previously criticized Trump after the January 6 Capitol riot but became a prominent supporter during the 2024 campaign.

OpenAI has launched ChatGPT Pro, a $200-per-month subscription offering unlimited access to advanced models, including the full version of its new reasoning model, o1. Targeted at power users handling tasks like programming, math, and writing, o1 employs self-checking mechanisms to improve accuracy and now supports image uploads, faster responses, and fewer major errors compared to its preview version. However, the full o1 has shown lower performance on certain benchmarks, such as MLE-Bench, despite being generally more capable than the preview.

Eknath Shinde was sworn in as Maharashtra’s Deputy Chief Minister, ending weeks of speculation after he conceded the Chief Minister’s post to Devendra Fadnavis. During the oath ceremony, Shinde briefly went off-script, thanking Prime Minister Modi, Home Minister Amit Shah, and paying tribute to Shiv Sena founder Balasaheb Thackeray and his mentor Anand Dighe, before being corrected by the Governor. Shinde’s initial hesitation to join the cabinet was seen as an effort to secure key cabinet positions for his faction, with the BJP reportedly retaining around 20 berths and allotting 12 to the Shinde-led Sena.

Movie News

Hyderabad Police have filed a case against Telugu actor Allu Arjun, his security team, and Sandhya Theatre management after a stampede outside the theatre during the premiere of Pushpa 2: The Rule led to the death of a woman and injured others. Police cited negligence, stating there was no prior intimation about the actor’s visit, and no separate entry or exit was arranged, causing chaos when fans gathered to see him. The actor has not commented on the incident, while police have vowed stringent action against those responsible.

Allu Arjun’s Pushpa 2: The Rule achieved a record-breaking Hindi opening day collection of ₹67–69 crore, surpassing Shah Rukh Khan’s Jawan (₹65.5 crore). This makes it the biggest opening ever for a Hindi release, cementing Arjun’s dominance in the pan-Indian market. The sequel significantly outperformed the first installment, showcasing its massive appeal and setting a new milestone in Indian cinema.

Director Prashanth Varma’s planned film launch with Mokshagna, son of Balakrishna, was postponed due to Mokshagna’s illness. Balakrishna clarified during a press meet that the decision was made as Mokshagna’s condition worsened, and they preferred to wait for a better time. Speculations about the project being canceled or delayed due to readiness concerns are unconfirmed.

Theatre Releases

Source: Filmibeat

Movie

Release Date

ZEBRA

Nov 22nd

Mechanic Rocky

Nov 22nd

Roti Kapda Romance

Nov 22nd

Pushpa2: The Rule

Dec 5th

UI

Dec 20th

Sarangapani Jathakam

Dec 20th

Magic

Dec 21st

Robinhood

Dec 25th

Streaming Dates

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