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South Korean authorities seek warrant to detain impeached President Yoon in martial law probe

Share Tweet Share Share Email The food industry is a massive, multi-trillion-dollar industry that affects each one of us, presenting massive opportunities for investment on both the public and private sides. In fact, the USDA reports that the food service and food retail industries supplied $2.6 trillion worth of food in the U.S. in 2023 alone . Challenges posed by the food industry Unfortunately though, the food industry is also one of the largest emitters of greenhouse gasses in the world. In fact, one-third of global greenhouse gas emissions caused by human activity come from the food industry. Additionally, the size of the global population is exploding, surpassing 8 billion in November 2022. The United Nations estimates that the population will hit 9.7 billion by 2050 . As such, we will be hard-pressed to achieve net-zero carbon emissions or meet the needs of a growing global population without some major changes to the food industry that only technology can fix. Funding foodtech Currently, the key to funding this technology lies largely in the private sector. While a few food-technology companies have gone public, the lion’s share of these companies remain private, with many of them still in startup mode. The result is massive and growing opportunities for venture capital (VC) in foodtech. Of course, venture capitalists are always looking ahead to how their investment is going to pay off, and in foodtech, the greater opportunities lie in strategic mergers and acquisitions and trade sales rather than initial public offerings. According to venture capital firm Peakbridge, the top 10 food and ingredient companies spend only about $4 billion to $5 billion per year on research and development — while averaging $22 billion in spending annually on M&A . Data from Pitchbook reveals that in the third quarter, $2.7 billion worth of VC deals were completed, up 10.7% quarter over quarter. Over the past year, there have been 95 foodtech exits from VC, including 69 acquisitions and 18 buyouts . Success stories found in M&A Robust financial results have built up record levels of cash on the balance sheets of strategic acquirers, setting the stage for more increases in M&A, especially as many also pivot toward consumer preferences for natural and clean-label products. Massive food conglomerates are delving into the food technology space to try to keep up, like through the expansion of Cargill’s partnership with alternative protein startup ENOUGH and Buhler Group’s Swiss food innovation hub, which is developing sustainable foods like plant-based meat. Other companies are turning to M&A and other deals in the foodtech space, like International Flavors & Fragrances. Kraft also entered a joint venture with foodtech startup TheNotCompany to develop plant-based products. All these strategic deals demonstrate the rich deal-making environment for VC in foodtech. In fact, several VC firms specializing in foodtech have wasted no time tapping into the opportunities. Investing in fermentation For example, Earth First Food Ventures is focused on smart proteins, believing that the rapidly expanding global population needs alternative protein sources that are less damaging to the environment than the animal-based production currently practiced. More specifically, EFFV invests in plant-based, fermentation and cultivated assets. The firm’s investments include a Series C funding round in EVERY. EVERY uses precision fermentation to create proteins and functional ingredients without animals by decoupling the proteins from the animals that make them. The company’s products include protein bars and protein water, plant-based patties, and even chocolate-chip cookie baking mix. EFFV is also in discussions with other U.S. and European companies to participate in their upcoming B, C and D funding rounds. Eliminating food waste Meanwhile, Better Food Ventures (BFV) targets companies that harness the power of information technology to improve the food system. Using its framework of “positive impact,” the firm looks for early-stage, scalable, game-changing technologies in food and agriculture. BFV looks to several categories for its investments: connectivity and agility, productivity and economic stability, sustainability and transparency, precision and personalization, and nutritional health and wellness. Some of the firm’s investments include Afresh and The Bountiful Company, which engaged in M&A a few years ago, when Nestle acquired its core brands. Afresh is working to eliminate food waste and make fresh food accessible to everyone. The company reports that one-third of what we grow goes uneaten. Afresh works with grocers to improve their fresh food supply chain. According to the company, 44 million pounds of food waste have been prevented while carbon-dioxide emissions have been reduced by 24 million. Afresh claims to have saved 886 million gallons of water as well, thanks to the growing number of grocers who have adopted its technology platform. Beyond food Big Idea Ventures has invested in Bayou Best Foods and BioCloak, among other firms. Bayou BestFoods is developing premium, animal-free shellfish options, while BioCloak is a bioencapsulation technology that aims to replace petroleum-based encapsulation methods and materials. Big Idea is also investing in PlantSustain, a biocidal microbe technology company that aims to replace chemical fertilizers and pesticides. Big Idea isn’t the only VC firm looking beyond food products in developing foodtech. Lever VC is also diving into agtech with its investment in HerdDogg, a digital animal health and analytics company that aims to reduce mortality and diseases on farms. Lever VC has also invested in Boston Bioprocess, a CDMO service provider to companies producing novel food, beauty and industrial ingredients through fermentation. Funding foodtech via VC When foodtech companies go public, it’s often to much fanfare, although recent history tells us that it can take some time for such IPO investments to pay off. However, venture capital is presenting opportunities with much more immediate success than the public markets, as evidenced by the significant M&A activity in the private sector. As a result, it’s easy to see why companies are staying private longer. According to Morningstar, the median age at which companies are going public has jumped from 6.9 years 10 years ago to 10.7 years in 2024 , with record funding, regulatory changes and non-traditional investors supporting that trend. Thus, with technology driving the future of the food industry and companies staying private longer, it’s clear that VC is the future of foodtech, at least in the near term. Related Items: food , foodtech , Funding , Future , investing , tech , venture capital Share Tweet Share Share Email Recommended for you Unlock the Best British IPTV Subscription Skyhawk Drone Review: Truth Revealed! Read Before Buying Driving Innovation in Web Development: The Journey of Alim Shogenov in the High-Tech Industry Comments

Jimmy Carter, Former U.S. President and Nobel Peace Prize Winner, Dies at 100

China’s central government has urged local authorities to provide financial aid to people facing high living costs, particularly in the lead-up to the New Year and Lunar New Year festivals. Municipalities that can afford it are encouraged to offer subsidies, temporarily reduce prices, and link social assistance to price levels, according to the Ministry of Civil Affairs. This initiative is part of broader efforts to stimulate private consumption, which is seen as key to revitalizing the economy. With potential U.S. tariffs looming, China is also shifting its policy focus toward boosting consumption and increasing public spending in 2025. While cash subsidies during festivals like Lunar New Year are common, the government took the unusual step of distributing funds ahead of the October 1 National Day Holiday to encourage private spending. *** At the margin this should be a tailwind for 'China proxy' trades such as AUD, and also for China stocks. The hapless AUD has been pummeled against the strong US dollar.'It's incredible': Angel is riding tall in the saddle on the National Trail

James Earl “Jimmy” Carter Jr, a naval officer, Nobel Peace Prize winner and peanut farm operator who became governor of Georgia and later the 39th president of the United States , has died. Carter, who was the longest-living former American president, died at the age of 100 on Sunday, December 29, his son announced. An immediate cause was not given. He served as president for one term from 1977 to 1981, but is just as well-known for his humanitarian service after leaving Washington, DC, working for Habitat for Humanity and negotiating peace deals. “Earlier in my life, I thought the things that mattered were the things that you could see, like your car, your house, your wealth, your property, your office. But as I’ve grown older I’ve become convinced that the things that matter most are the things that you can’t see—the love you share with others, your inner purpose, your comfort with who you are,” Carter said. He continued his volunteer work for decades after leaving office until he entered hospice care in February 2023. Carter, who throughout his political life went by Jimmy rather than James, was a towering figure in Democratic politics, both during and after his time in the White House . As president, he emphasized human rights in his foreign policy, championed environmentalism at a time when it was not yet popular and appointed record numbers of women and people of color during his administration. However, he was considered a “failure” by some as president, a view Carter attributed to him only serving one term. But, he continued to serve the public after leaving office - including building homes for the poor through Habitat for Humanity. “In all of our lives, there are usually a few precious moments when we feel exalted — that is, when we reach above our normal level of existence to a higher plane of excitement and achievement,” Carter said in 2009 . “I predict that every one of you who volunteers to help others in need will feel this same sense of exaltation. I believe that, in making what seems to be a sacrifice, you will find fulfillment in the memorable experience of helping others less fortunate than yourself.” Carter was born in 1924 in the small farm town of Plains, Georgia. His father, James Earl Carter Sr, was a farm supply businessman, and his mother, Lillian Gordy Carter, was a nurse. The young Carter attended public school in Plains, and as a teenager, he used an acre of his father’s land to grow and sell peanuts. Carter continued his studies at Georgia Southwestern College and the Georgia Institute of Technology. In 1946, he obtained a bachelor’s degree from the United States Naval Academy. Over the next several years, he devoted his life to the Navy, serving on submarines and earning the rank of lieutenant. While stationed in Schenectady, New York, he studied nuclear physics and became a senior officer on one of the United States’ first nuclear submarines. During his senior year of studying at the Naval Academy, he was reintroduced to a girl he knew in his childhood: Rosalynn Smith. “The moon was full in the sky, conversation came easy, and I was in love,” Rosalynn Carter described in her memoir First Lady from Plains . The two married in 1946, the year he graduated. The next year, their first child, Jack, was born, followed by James in 1950, Donnell in 1952 and Amy in 1967. After 77 years of marriage, Rosalynn died on 19 November 2023 at 96 years old. Carter attributed much of his success to Rosalynn saying, “She gave me wise guidance and encouragement when I needed it. As long as Rosalynn was in the world, I always knew somebody loved and supported me.” In 1952, James Carter Sr died. Upon learning of his father’s death, Carter resigned from the Navy and returned home to Plains, where he took over his family’s farms and business. He soon took on more of a leadership role in the community, serving on several county boards. In 1962, he ran for and won a seat in Georgia’s State Senate. In 1970, Carter ran again for governor of Georgia and won. In his inaugural address, he shocked many of his supporters by demanding an end to racial discrimination. As governor, he dramatically increased the number of Black judges and state employees, consolidated the state’s labyrinthian bureaucracies and enforced stricter oversight of budgets. In a preview of his presidency, however, he frequently clashed with the state’s legislature, which found him arrogant and difficult to work with. Meanwhile, Carter maneuvered his way toward the Democratic nomination for president. In 1974, just before his term as governor ended, he announced his candidacy for the White House – two years before the next presidential election. “With the shame of Watergate still with us and our 200th birthday just ahead, it is time for us to reaffirm and to strengthen our ethical and spiritual and political beliefs,” Carter said in December 1974. “There must be no lowering of these standards, no acceptance of mediocrity in any aspect of our private or public lives. “In our homes or at worship we are ever reminded of what we ought to do and what we ought to be. Our government can and must represent the best and the highest ideals of those of us who voluntarily submit to its authority.” Though he had little national support at first, Carter spent his ample lead time vigorously campaigning and cleverly positioned himself as a Washington outsider with strong Christian principles. After years of government lies about Vietnam and Watergate, that was just what many Americans thought they needed. By the 1976 Democratic convention, Carter had grown enough momentum to win the nomination on the first ballot. In the general election, he attended three debates with President Gerald Ford – the first presidential debates since the Kennedy-Nixon ones in 1960, and a template setter for the debates held since. In November, Carter narrowly won the presidential election, scoring 297 electoral votes against Ford’s 240. “I think it’s time to tap the tremendous strength and vitality and idealism and hope and patriotism and a sense of brotherhood and sisterhood in this country to unify our nation, to make it great once again. It’s not...it’s not going to be easy for any of us,’ Carter said in November 1976. “I don’t claim to know all the answers, but I have said many times in my campaign around all 50 states that I’m not afraid to take on the responsibilities of President of the United States, because my strength and my courage and my advice and my counsel and my criticism comes from you.” What followed was a presidency full of ambition but beset with problems from the start. Even so, many leaders and historians have praised Carter’s conscientious approach to the presidency. Carter’s presidency was weighed down by multiple crises. In the 1970s, the economy struggled with a rare combination of simultaneous inflation and recession, an oil shortage sent gas prices soaring and the Soviet Union invaded Afghanistan, derailing negotiations for an important arms treaty. Notably, in a struggle that lasted almost as long as his presidency, Carter fought over an energy program that was structured to make fuel expensive enough that consumers would be encouraged to conserve it. The crisis required Carter to address the nation multiple times in 1979. “In order to control energy price, production, and distribution, the Federal bureaucracy and red tape have become so complicated, it is almost unbelievable. Energy prices are high, and they’re going higher, no matter what we do,” he said in an April 1979 speech. “There is no single answer. We must produce more. We must conserve more. And now we must join together in a great national effort to use American technology to give us energy security in the years ahead,” the president said. “The most effective action we can take to encourage both conservation and production here at home is to stop rewarding those who import foreign oil and to stop encouraging waste by holding the price of American oil down far below its replacement or its true value.” However, ultimately, what became cemented in Carter’s legacy were the failures of the Iran hostage crisis, when mobs ransacked the US embassy in Tehran capturing 52 people and holding them hostage for the duration of his presidency. Carter’s efforts to end the crisis were unsuccessful, including a failed rescue attempt. “We will not give up in our efforts,” Carter told the nation in 1980. “Throughout this extraordinarily difficult period, we have pursued and will continue to pursue every possible avenue to secure the release of the hostages. In these efforts, the support of the American people and of our friends throughout the world has been a most crucial element. That support of other nations is even more important now.” “We will seek to continue, along with other nations and with the officials of Iran, a prompt resolution of the crisis without any loss of life and through peaceful and diplomatic means.” The hostages were held for 444 days, a lengthy time that angered many Americans. It helped contribute to Carter’s loss to Republican Ronald Reagan in 1980. Carter would only win six states in the landslide election that saw him lose the popular vote by nearly 9 million votes. “I’ve not achieved all I set out to do; perhaps no one ever does. But we have faced the tough issues. We’ve stood for and we’ve fought for and we have achieved some very important goals for our country,’ Carter said after losing. “These efforts will not end with this administration. The effort must go on. Nor will the progress that we have made be lost when we leave office. The great principles that have guided this Nation since its very founding will continue to guide America through the challenges of the future.” In 1982, Carter and his wife founded the Carter Center, a nonprofit dedicated to advancing human rights, leading health initiatives and improving the quality of life for people around the world. Carter helped lead conflict resolutions, observed elections in nations with fraudulent voting processes and advised presidents on issues in more than 80 countries. Under Carter’s leadership, the Carter Center worked alongside the World Health Organisation to nearly eradicate Guinea worm disease, an infection that occurs due to contaminated drinking water. The incidence of the disease decreased from 3.5 million cases in 1986 to 13 in 2022, according to the Carter Center. Carter and his wife also spent one week a year volunteering with Habitat for Humanity, a nonprofit that helps build homes for low-income people. His humanitarian work earned him the Nobel Peace Prize in 2002. “I believe that anyone can be successful in life, regardless of natural talent or the environment within which we live. This is not based on measuring success by human competitiveness for wealth, possessions, influence, and fame, but adhering to God’s standards of truth, justice, humility, service, compassion, forgiveness, and love,” Carter once said. Though he was criticized as an ineffectual public speaker, Carter became a prolific writer, authoring more than a dozen books ranging from his memoirs to inspirational bestsellers. At the beginning of 2023, Carter entered hospice care following multiple hospital stays. His wife later entered hospice care and died on November 19, 2023. Carter, looking frail, attended her funeral but was seen smiling with others offering their condolences. Carter went on to celebrate his 100th birthday on 1 October 2024, making him the oldest president in American history. Surrounded by his loved ones, the frail, wheelchair-bound former president was seen in the backyard of his home watching a military flyover in his honor. His grandson Jason said he had been looking forward to voting for Kamala Harris in the November election. Carter is survived by his four children, 12 grandchildren and 14 great-grandchildren.Penn State, with balanced scoring, pulls away from Penn

On Monday night, the entire Simpsons universe gets to experience it in a way not many could have imagined. The prime-time matchup between the Cincinnati Bengals and Dallas Cowboys will also take place at Springfield’s Atoms Stadium as part of “The Simpsons Funday Football” alternate broadcast. The altcast will be streamed on ESPN+, Disney+, and NFL+ (on mobile devices). ESPN and ABC have the main broadcast, while ESPN2 will carry the final “ManningCast” of the regular season. The replay will be available on Disney+ for 30 days. Globally, more than 145 countries will have access to either live or on replay. “We’re such huge football fans, and the Simpsons audience and the football audience, I feel, are like the same audience of just American families and football. And the Simpsons are so much a part of the DNA of the American family and culture that for us to, like, mush them together in this crazy video game, it’s so fun,” said Matt Selman, executive producer of “The Simpsons.” While the game is the focal point, the alternate broadcast, in some ways, will resemble a three-hour episode of “The Simpsons.” It starts with Homer eating too many hot dogs and having a dream while watching football. Homer joins the Cowboys in the dream while Bart teams up with the Bengals. Lisa and Marge will be sideline reporters. “That’s the beginning of the story, and the story continues through the entire game until Homer wakes up from his dream at the end of the game. It is like a complete story, and the NFL game will happen in between. It’s just going to be an amazing presentation with tons of surprises,” said Michael “Spike” Szykowny, ESPN’s VP of edit and animation. This is the second year ESPN has done an alternate broadcast for an NFL game. It used the characters from “Toy Story” for last year’s Sunday morning game from London between the Atlanta Falcons and Jacksonville Jaguars. “The Simpsons” has featured many sports-themed episodes during its 35 seasons. Even though “Homer at the Bat” remains the consensus favorite sports episode for many Simpsons fans, there have been football ones such as “Bart Star” and “Lisa The Greek.” There also was a Super Bowl-themed one after Fox’s broadcast of Super Bowl 33 between Denver and Atlanta in 1999. Even though “The Simpsons” remains a staple on Fox’s prime-time schedule, it is part of the Disney family after their acquisition of 20th Century Fox in 2019. All 35 seasons are on Disney+. The show’s creators have worked with ESPN and the NFL to make sure the look and sound is definitely Simpsonsesque. The theme song is a mash-up of “The Simpsons” opening and “Monday Night Football’s” iconic “Heavy Action.” There have also been pre-recorded skits and bits to use during the broadcast featuring Simpson’s legendary voices Hank Azaria, Nancy Cartwright, Dan Castellaneta, Julie Kavner, and Yeardley Smith. The telecast will be entirely animated, with the players’ movements in sync with what is happening in real-time on the field. That is done through player-tracking data enabled by the NFL’s Next Gen Stats system and Sony’s Beyond Sports Technology. While Next Gen Stats tracks where players are on the field with a tracking chip in the shoulder pads, there is skeletal data tracking and limb tracking data — which uses 29 points per player — to get closer to the player’s movements. The other data tracking will allow Beyond Sports and Disney to add special characters to the game. For example, there might be a play where Lisa catches the ball and goes 30 yards instead of Cincinnati’s Tee Higgins. “Lisa is much smaller than the rest of the players. So, in real life, the ball would go over her head, but now, with data processing, we can take the ball and make it go exactly into her hands. So for the viewer, it still looks believable, and it all makes sense,” said Beyond Sports co-founder Nicolaas Westerhof. The other major challenge is making “The Simpsons” two-dimensional cartoon characters into 3-D simulations. Szykowny and his team worked to make that a reality over the past couple of months. “That’s a big leap of faith for them to say, hey, we trust you to make our characters 3-D and work with it. Our ESPN creative studio team has done a wonderful job,” Szykowny said. Lisa, Krusty, Nelson, Milhouse and Ralph will be with Bart and the Bengals; while Carl, Barney, Lenny and Moe join up with with Homer and the Cowboys. The broadcast will also feature ESPN personalities Stephen A. Smith, Peyton Manning and Eli Manning. ESPN’s Drew Carter, Mina Kimes and Dan Orlovsky will call the game from Bristol, Connecticut, and also be animated. They will wear Meta Quest Pro headsets to experience the game from Springfield using VR technology. For Kimes, being part of the broadcast and being an animated Simpsons character is a dream come true. She is a massive fan of the show and has a framed photo of Lisa Simpson — who she said is a personal hero and icon — as part of her backdrop when she makes appearances on ESPN NFL shows from her home in Los Angeles. “I didn’t have any input, and I didn’t see anything beforehand, so I wasn’t sure if it would look like me, but it kind of does, which is very funny,” said Kimes, who drew Simpsons characters when she was a kid. “To see the actual staff turn me into one was a dream.” Even though the Bengals (4-8) and Cowboys (5-7) have struggled this season, Selman thinks both teams have personalities that appeal to “The Simpsons” universe. “We were just so lucky also that the Cowboys are sort of like a Homer Simpson-type team, American team, and Mike McCarthy might be a Homer-type guy, one might imagine,” he said. ”And then you have Joe Burrow on the other side who is a cool young, spiky-haired, blonde bad boy -- he’s like Bart. And that fits our character archetypes so perfectly. “If Homer is mad at Bart and has a hot dog dream while watching ’Monday Night Football’, and then it’s basically McCarthy versus Burrow, Homer versus Bart, and that’s the simple father versus son strangling — Homer strangling Bart dynamic that has been part of the show for 35 years. I don’t know if that would have worked as well if it was like Titans versus Jacksonville. We would have found something. We would have made it work.” AP NFL: https://apnews.com/hub/nflThey are investigating whether his short-lived martial law decree earlier this month amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the power grab that lasted only a few hours, confirmed it requested the warrant on Monday. Investigators plan to question Mr Yoon on charges of abuse of authority and orchestrating a rebellion. Mr Yoon has dodged several requests by the joint investigation team and public prosecutors to appear for questioning and has also blocked searches of his offices. It is not clear whether the court will grant the warrant or whether Mr Yoon can be compelled to appear for questioning. Under the country’s laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge and it is unlikely Mr Yoon will voluntarily leave his residence if he faces detainment. Mr Yoon’s presidential powers were suspended after the National Assembly voted to impeach him on December 14 over his imposition of martial law that lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. His fate lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Mr Yoon from office or reinstate him. Mr Yoon has defended the martial law decree as a necessary act of governance, describing it as a warning against the liberal opposition Democratic Party, which has been bogging down his agenda with its majority in the parliament. Parliament voted last week to also impeach Prime Minister Han Duck-soo, who had assumed the role of acting president after Mr Yoon’s powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court’s review of Mr Yoon’s case. The country’s new interim leader is Deputy Prime Minister Choi Sang-mok, who is also finance minister.