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| Hey Insiders! 🗞️ Today's issue features India launching its first solar mission, a dive into the distribution of diamond export value, the Nobel Foundation retracting Russia's invitation, and more. ⏬ Scroll down for some Quick Hits and our Upcoming Events section. 💬 Your thoughts matter to us — don't hesitate to hit reply and share your feedback! If you find this newsletter useful, please share it with your friends and colleagues. Thank you. Vildana
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| 1 | | India successfully launched its first solar mission, Aditya L1, a week after landing a rover on the moon. The mission aims to study the sun's outer layers and weigh about 3,300 pounds, traveling approximately 930,000 miles over four months. More: - Aditya L1 is India's first mission dedicated to solar research.
- The mission was launched shortly after India's successful moon landing.
- The spacecraft weighs 3,300 pounds and is designed for a multi-year orbit.
- It will travel a distance of about 930,000 miles to reach its orbit.
- The mission is expected to last several years, continuously sending data back to Earth.
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| 2 | | 
What the numbers say: In 2022, only 15 nations were responsible for 94.5% of the total diamond exports by value worldwide. Within this group, the leading trio — India, the U.S., and the United Arab Emirates — contributed to almost half the global diamond export value. Relevance: Ranked as the foremost global diamond exporter in volume, Russia saw its state-owned enterprise Alrosa extract nearly a third of all diamonds manufactured in 2021. To curtail financial support to the Kremlin's activities, the U.S., a key destination for finished diamonds, responded last spring by prohibiting the import of uncut Russian diamonds, coupled with the U.S. Treasury Department imposing sanctions on Alrosa. Various other nations also enforced sanctions, with the U.K. announcing a complete prohibition on Russian diamonds at the beginning of this year. | | | |
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| 3 | | Due to widespread criticism, the Nobel Foundation has reversed its decision to invite the ambassadors of Russia, Belarus, and Iran to the Nobel Prize award ceremony. The initial invitation had been condemned by Ukraine and labeled "extremely inappropriate" by a Swedish member of the European Parliament. More: - Ukraine had specifically criticized the invitation of Russian and Belarusian ambassadors due to the ongoing war in Ukraine.
- The Nobel Banquet, where five out of six Nobel Prizes are awarded, takes place annually in Stockholm on Dec. 10.
- The Nobel Peace Prize is separately awarded in Oslo, Norway.
- Russians and Belarusians have been excluded from various events since Moscow's full-scale invasion of Ukraine in February 2022.
- Athletes from Russia and Belarus have also been banned from numerous sporting events.
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| 4 | | A 100-year-old African tortoise named Biscuit was rescued from the New River Canal in Louisiana and reunited with its family. The tortoise was found "in distress" by the Parish of Ascension's sheriff's office and was safely transported to Cara's House-Ascension Parish Animal Shelter. More: - Animal control officers Curt Trepagnier and Isreal Millet were responsible for the rescue operation.
- Biscuit was placed on a three-day stray hold at Cara's House; if unclaimed, he would have been put up for adoption.
- The tortoise's owner, Lamoine Howard, revealed that Biscuit escaped after wind and rain broke the latch of their back gate.
- A Facebook post from the Parish of Ascension detailed the rescue and subsequent reunion with the family.
- The shelter shared photos and videos of the reunion, confirming that Biscuit is 100 years old.
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| 5 | | Bolivia's government has acknowledged for the first time that the country is evolving from a coca leaf grower and transport hub to a significant production hub of ready-to-use cocaine. In 2023 alone, the government destroyed over 27 mega labs for cocaine crystallization, mainly in the Chapare region, a critical coca-growing area. More: - Bolivia, Colombia, and Peru have been leading producers of coca, the raw ingredient for cocaine.
- Minister of Government Eduardo del Castillo reported 1,804 drug factory busts since 2020, the "vast majority" in the Chapare region of Bolivia.
- The Chapare region is a stronghold of former leftist President Evo Morales, who led from 2006 until 2019.
- Tensions exist between current socialist MAS President Luis Arce and Morales, who are from the MAS party.
- Allies of Morales have criticized the government for being soft on drug traffickers.
- Internal MAS party politics also influence the shift in government rhetoric, particularly the question of who will lead the party into the 2025 elections.
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| 6 | | Arm Holdings plans to price its shares between $47 and $51 in its upcoming IPO. This pricing would value the company between $50B and $54B, making it the most valuable company to list in New York since Rivian Automotive in 2021. More: - The IPO could raise $5B to $5.4B for Arm Holdings.
- SoftBank may increase the price range if investor demand is strong.
- Arm's current valuation is a decline from SoftBank's $64B acquisition of a 25% stake last month.
- For the fiscal year ending March 31, Arm's sales fell to $2.68B, mainly due to a slump in global smartphone shipments.
- Major clients like Apple, Nvidia, Alphabet, and Intel have already signed up as investors in the IPO.
- Over 260 tech companies use Arm's semiconductor designs to produce over 30 billion chips annually.
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| 7 | | QUICK HITS
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- The Wisconsin Historical Society announced that a shipwreck from the 1880s, which had been missing for over a century, has been found in Lake Michigan.
- Despite Canada closing its land border to asylum seekers, more refugees still managed to arrive.
- Jimmy Buffett, famed for hits like "Margaritaville," died at 76, leaving behind a legacy as an emblematic figure for island escapism and a millionaire many times over.
- Former New Mexico governor and U.N. ambassador Bill Richardson died at 75.
- Optimize your health in key areas with a customized program built for you and your life. Use code FOUNDER to receive $500 off.*
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