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OpenAI: GPT-5.6 is now the preferred model for Microsoft 365 Copilot.On July 10th, European Central Bank President Christine Lagarde stated that she currently has no plans to run in the French presidential election, but hopes to share her views on the future of Europe during next years French general election. Lagarde stated that Europe needs to be protected, and the EU is a crucial framework for the development of its member states, including France. She indicated that she will strive to promote public awareness of Europes importance, regardless of her current role. Previously, there had been speculation that Lagarde might leave the ECB early to pursue a political career in France. She acknowledged this possibility but emphasized that she would not leave her post if the ECB faced significant challenges.According to The Information: Cursor is developing an AI-powered intelligent agent, aiming to compete with Claude Cowork.On July 10th, Andy Burnham secured 322 nominations out of 403 Labour MPs on the first day of the Labour Party leadership election, becoming the sole frontrunner to succeed Keir Starmer as the new Labour leader. Burnham expressed his "deep gratitude" for the support from his colleagues, saying it reflected the Labour Partys desire to bring a new direction to British politics. His political platform includes reducing the concentration of power in Westminster, reshaping the economic model, and promoting broader economic growth. Since his competitors failed to secure the 81 nominations required to run, Burnham only needed one more vote to officially become the sole candidate. The Labour leadership election is scheduled to conclude on July 17th, and Burnham is expected to officially become Prime Minister on July 20th. Incumbent leader Starmer, as is customary, will not participate in the nomination vote.According to CNN, US officials said the US did not launch a new attack on Iran in the past hour.

U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify

Cory Russell

Nov 22, 2022 15:35

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The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges.


FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing billions of dollars in total losses. The firm’s failure has created a liquidity crunch that has rippled across the industry and sent the prices of bitcoin and other digital assets plummeting.


Rostin Behnam, the chairman of the Commodity Futures Trading Commission, is the first witness named for the hearing, titled, “Why Congress Needs to Act: Lessons Learned from the FTX Collapse.”


U.S. Senate Agriculture Committee Chair Debbie Stabenow also on Thursday called on Congress to pass the bipartisan Digital Commodities Consumer Protection Act, which she said, “would have prohibited the misconduct and risky behavior undertaken by FTX.”


The U.S. House Financial Services Committee has also said it plans to hold a hearing in December to investigate FTX’s collapse.


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