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NFT event gives “laser eyes” new meaning

Complaints of eye problems have arisen among attendees of a celebration in Hong Kong dedicated to the Bored Ape Yacht Club’s collection of nonfungible tokens (NFTs), with many attributing the issue to the event’s lighting.

Yuga Labs Inc., the creator of the Bored Ape Yacht Club, recently hosted the ApeFest from November 3rd to 5th, featuring a brightly illuminated party. Some individuals took to X, formerly known as Twitter, to voice their experiences of eye discomfort following their attendance at ApeFest.

“We are aware of this situation and are taking it seriously,” stated a spokesperson from Yuga Labs. “We are actively reaching out to those affected to better understand the root cause.”

You can read more on the matter here.

What’s going on?

• More Toronto Under-Construction Homes Burn Down (theDeepDive)

• Citizens Bank, Sac City, Fifth Bank In The US To Be Shuttered This Year (theDeepDive)

• Hundreds of thousands of Quebec public sector workers on strike today (BNN)

• Wilkinson Calls Moe’s Move Irresponsible, But NDP Says It Will Back Conservative Motion on Federal Carbon Tax (theDeepDive)

• Real Estate Investors Are Now Realizing They Are The Target Of Short-Term Rental Act (theDeepDive)

• Exclusive: Russia's Putin to stay in power past 2024, sources say (Reuters)

• China Bans Officials from Private Equity Investments Amid Anti-Corruption Drive (theDeepDive)

• Lawsuit against real estate brokerages, Realtors will reshape home buying (BI)

• Musk Reveals ChatGPT Competitor, xAI Grok, And It’s Already Provided Fake Information (theDeepDive)

• Trump testifies in $250 million New York fraud trial, with his business empire at stake (CNBC)

What’s the latest?

• Economic Stagnation: Former Bank of Canada governor Stephen Poloz foresees a prolonged period of economic stagnation, suggesting that Canada is either in or approaching a stagflationary period that could last up to 18 months. Poloz critiqued the recent fiscal decisions, pointing out that Canada missed an opportunity to balance the budget when the economy was robust.

• Telemedicine: Virtual urgent care in Ontario did not significantly reduce in-person emergency department visits, according to a study published in the Canadian Medical Association Journal. The study, which evaluated over 19,000 virtual care visits, found that nearly 13% of patients sought emergency care within three days post virtual consultation, and almost 22% did so within a month. The findings suggest that while virtual care has benefits for minor health issues, it has not lessened the burden on emergency services as anticipated.

• OPEC Cuts: Saudi Arabia and Russia have pledged to maintain their additional voluntary oil production cuts until the end of the year, with a review due next month to decide on possible changes. Saudi Arabia will continue its cut of 1 million barrels per day, maintaining its production around 9 million bpd for December, while Russia will uphold its reduction of 300,000 bpd from crude and petroleum product exports.

• Tesla’s $25k Car: Tesla is advancing plans to produce an affordable electric car priced at 25,000 euros at its Berlin factory, aiming to expand its market reach and work toward its goal of 20 million vehicle deliveries by 2030. At the same time Tesla has announced wage increases for its staff at the German plant, responding to earlier reports of pay scales being lower than at other car manufacturers.

• Newmont Acquires Newcrest: Newmont has finalized its acquisition of Newcrest Mining, and is now embarking on a plan to generate $2 billion through asset divestment and project prioritization. The company will now assess its expanded portfolio, which includes 20 mines across 11 countries, to decide which mines and projects to sell, a process anticipated to span the next 12 to 24 months.

Phosphate's role in lithium batteries

The stock market and stuff

• Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’ (CNBC)

• Bored Ape NFT Event Had Attendees Going To ER Due To Eye Problems (theDeepDive)

• Hilton Grand to buy Bluegreen Vacations in $1.5 bln deal (Reuters)

• The new Bed Bath & Beyond’s CEO is out just as the retailer transitions from Overstock.com (CNBC)

• Bumble shares drop as founder Wolfe Herd to relinquish CEO role (Reuters)

In the juniors

• Organigram Sees BAT Plan To Increase Stake To 45% With $124 Million Investment (theDeepDive)

• Constellation Brands Lets Canopy Growth Warrants Expire Unexercised (theDeepDive)

• Hercules Silver Sees Barrick Gold Take 12.3% Stake (theDeepDive)

• Sonoro Energy Set To Spud Its First Well This Month (theDeepDive)

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