Cautionary Tales – The Revenge of the Whales

In the middle of the Pacific Ocean, in 1819, Owen Chase is standing on a slowly sinking ship. It’s just been headbutted by an 85 foot whale. It’s taking in water. And now the creature is coming back for another go. This is a whaling ship, and Chase is convinced that he observes “fury and vengeance” in the animal.

In 2010, an orca is performing for a crowd at SeaWorld – but he misses his mark and so he doesn’t get his reward. That’s when he grabs hold of his trainer, Dawn Brancheau, and pulls her under water. By the time he’s finished, her savaged body has multiple fractures and dislocations. And her scalp has been ripped off.

To some observers, these whales were surely out for revenge. But how much is what we think we understand about the natural world shaped by human guilt?

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Further reading

The documentary Blackfish is available on Netflix. The critique on the website awesomeocean.com can be found here. We read about the aftermath of Blackfish in an article by Laura Thomas-Walters and Diogo Veríssimo on The Conversation.

Owen Chase’s 1821 Narrative of the Most Extraordinary and Distressing Shipwreck of the Whale-Ship Essex can be read on Project Gutenberg. For context about how it inspired Moby Dick, see this article in the Smithsonian magazine. We learned more about the history of whaling on the US National Parks Service website.

Reportage on orcas attacking yachts came from sources including The GuardianThe Atlantic and Yacht.de.

Frans de Waal’s article, Anthropomorphism and Anthropodenial: Consistency in Our Thinking about Humans and Other Animals, was published in the journal Philosophical Topics in 1999.

Weight-loss ETFs demand some heavy thinking

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With more than 10 per cent of people globally now suffering from obesity it is no surprise that the share price of the providers of the latest weight-loss drugs has surged.

But investors seeking exposure through two newly launched weight-loss exchange traded funds need to ask if they are the best way to gain exposure to this generation of drugs, industry observers say.

The Roundhill GLP-1 Weight Loss ETF (OZEM) and the Amplify Weight Loss Drug and Treatment ETF (THNR) both launched on May 21 with the same expense ratio of 0.59 per cent. Both also carry an extremely heavy combined weighting — of about 40 per cent in the case of OZEM and 30 per cent in the case of THNR — to industry heavyweights Eli Lilly and Novo Nordisk.

The two pharmaceutical companies are currently the only companies licensed to supply GLP-1 agonist drugs for weight loss under the brand names: Zepbound, which is Eli Lilly’s version, and Wegovy, supplied by Novo Nordisk.

There is much to be excited about. The drugs have been found to promote a reduction in body weight of between 10 and 20 per cent. GLP-1, or semaglutide, drugs have been used to treat patients for nearly two decades, since the first iteration was licensed to treat diabetes, but their use cases are expanding. The results of a long-running trial of Wegovy and Ozempic, Novo’s diabetes drug, has shown they can also reduce the risk of heart attacks and strokes and there are anecdotal reports of success in curbing craving for things such as alcohol.

Sales growth as a result of these drugs’ success is eye-popping. For example, Novo Nordisk reported Q1 sales growth of about 30 per cent compared to the same period in 2023 for diabetes GLP-1 drugs and about 40 per cent for obesity care drugs.

But there are some caveat emptors, as industry observers point out. The first concerns the long-term prospects for the drugs themselves.

“‘Solving obesity’ has been one of the modern holy grails of pharma, with many false dawns,” said Kenneth Lamont, senior research analyst with Morningstar.

A recent research paper from VettaFi, provider of the VettaFi Weight Loss Drug & Treatment Index that THNR

Are investment trusts the new Japanese equities?

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Chinese electric car company Nio to enter Middle East this year amid global expansion by peers

Chinese EV company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, adding that deliveries of its lowest-priced brand will start in the first half of next year. The U.S.-listed Chinese company plans to start offering its products and services in the United Arab Emirates by the end of this year, Li said, according to a FactSet transcript. Nio launched a lower-priced brand called Onvo in May and is working on an even lower-priced brand called Firefly. Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng

BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing their global footprint.

The nearly 10-year-old company will also start shipping its lowest-cost brand, Firefly, in the first half of next year, Li said.

Nio, which recently received funding from Middle East-based investors, saw record-high deliveries of 20,544 vehicles in May.

The U.S.-listed Chinese company, which has been operating at a loss, plans to start offering its products and services in the United Arab Emirates by the end of this year, Li said, according to a FactSet transcript.

Nio primarily sells in China and in parts of Europe, with a focus on the higher-end market. Li said the brand can break even if monthly sales reach around 30,000 vehicles.

Rival BYD has also made the United Arab Emirates its entry point to the Middle East. The battery and electric car giant said in November it opened a showroom in Dubai Festival City as part of a collaboration with Al-Futtaim Electric Mobility Company.

As competition in the Chinese electric car market intensifies, Nio launched a lower-priced brand called Onvo in May. The Onvo L60 SUV, which is set to begin deliveries in September, starts at 219,900 yuan ($30,349) versus Tesla Model Y’s 249,900 yuan.

Li said Thursday the L60’s price was only for pre-sales, not the final price.

“We continue to believe that the Onvo L60 will be the key factor influencing NIO’s potential outlook in 2H24,” Nomura analysts said in a note Friday. They

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Visualizing the State of Refugees by Country

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June 6, 2024 Article/Editing:

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Visualizing the State of Refugees by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

30,510,629—That’s the number of refugees the world had in 2023 according to documented refugees by the UNHCR. These are the people who left their homeland to find a safe refuge in a foreign country.

In fact, according to the the UN’s refugee agency, there were a total of 110 million people forcibly displaced worldwide. Of those, a vast majority (almost 60%) were internally displaced, while the rest were the 30.5 million refugees charted above by Preyash Shah.

52% of Asylum Seekers Came from Three Countries in 2023

More than half of the refugees under UNHCR’s mandate originate from only three countries: Syria, Afghanistan, and Ukraine. Here is the breakdown by country of origin, including not fully recognized countries and refugees of unknown origin.

Country of OriginRefugees 🇸🇾 Syria6,494,141 🇦🇫 Afghanistan6,110,219 🇺🇦 Ukraine5,865,447 🇸🇸 South Sudan2,227,684 🇲🇲 Myanmar1,266,022 🇸🇩 Sudan1,027,070 🇨🇩 Dem. Rep. of the Congo948,417 🇸🇴 Somalia814,561 🇨🇫 Central African Rep.750,875 🇪🇷 Eritrea537,161 🇳🇬 Nigeria381,149 🇮🇶 Iraq330,667 🇧🇮 Burundi323,487 🇻🇪 Venezuela (Bolivarian Republic of)300,759 🇷🇼 Rwanda249,543 🇲🇱 Mali233,188 🇨🇳 China161,574 🇱🇰 Sri Lanka147,624 🇮🇷 Iran (Islamic Rep. of)147,238 🇪🇹 Ethiopia145,039 🇨🇲 Cameroon133,945 🇭🇹 Haiti116,463 🇹🇷 Türkiye115,708 🇵🇰 Pakistan115,662 🏳️ Unknown114,949 🇨🇴 Colombia111,394 🇵🇸 Palestine106,426 🇪🇭 Western Sahara91,016 🇷🇺 Russian Federation85,382 🇭🇳 Honduras72,341 🇸🇻 El Salvador62,248 🏳️ Stateless56,281 🇾🇪 Yemen43,526 🇦🇿 Azerbaijan43,305 🇧🇫 Burkina Faso43,124 🇬🇳 Guinea38,089 🇲🇷 Mauritania37,216 🇬🇹 Guatemala32,220 🇷🇸 Serbia and Kosovo30,333 🇧🇩 Bangladesh25,311 🇨🇮 Cote d’Ivoire25,264 🇪🇬 Egypt24,652 🇳🇪 Niger23,280 🇮🇳 India23,243 🇦🇱 Albania21,750