Science & Environment
New DNA evidence at Pompeii reveals surprises about identities of Vesuvius eruption victims
When a volcanic eruption buried the ancient city of Pompeii, the last desperate moments of its citizens were preserved in stone for centuries.
Observers see stories in the plaster casts later made of their bodies, like a mother holding a child and two women embracing as they die.
But new DNA evidence suggests things were not as they seem — and these prevailing interpretations come from looking at the ancient world through modern eyes.
“We were able to disprove or challenge some of the previous narratives built upon how these individuals were kind of found in relation to each other,” said Alissa Mittnik of the Max Planck Institute for Evolutionary Anthropology in Germany. “It opens up different interpretations for who these people might have been.”
Mittnik and her colleagues discovered that the person thought to be a mother was actually a man unrelated to the child. And at least one of the two people locked in an embrace — long assumed to be sisters or a mother and daughter – was a man. Their research was published Thursday in the journal Current Biology.
The team, which also includes scientists from Harvard University and the University of Florence in Italy, relied on genetic material preserved for nearly two millennia. After Mount Vesuvius erupted and destroyed the Roman city in 79 A.D., bodies buried in mud and ash eventually decomposed, leaving spaces where they used to be. Casts were created from the voids in the late 1800s.
Researchers focused on 14 casts undergoing restoration, extracting DNA from the fragmented skeletal remains that mixed with them. They hoped to determine the sex, ancestry and genetic relationships between the victims.
There were several surprises in “the house of the golden bracelet,” the dwelling where the assumed mother and child were found. The adult wore an intricate piece of jewelry, for which the house was named, reinforcing the impression that the victim was a woman. Nearby were the bodies of another adult and child thought to be the rest of their nuclear family.
DNA evidence showed the four were male and not related to one another, clearly showing “the story that was long spun around these individuals” was wrong, Mittnik said.
Researchers also confirmed Pompeii citizens came from diverse backgrounds but mainly descended from eastern Mediterranean immigrants – underscoring a broad pattern of movement and cultural exchange in the Roman Empire. Pompeii is located about 150 miles (241 kilometers) from Rome.
The study builds upon research from 2022 when scientists sequenced the genome of a Pompeii victim for the first time and confirmed the possibility of retrieving ancient DNA from the human remains that still exist.
“They have a better overview of what’s happening in Pompeii because they analyzed different samples,” said Gabriele Scorrano of the University of Rome Tor Vergata, a co-author of that research who was not involved in the current study. “We actually had one genome, one sample, one shot.”
Though much remains to be learned, Scorrano said, such genetic brushstrokes are slowly painting a truer picture of how people lived in the distant past.
In August, archaeologists at Pompeii announced they had unearthed the remains of two more victims — a man and a woman discovered inside what was likely the bedroom of their home, where they’d become trapped as the rest of the structure filled with debris. The woman was found on the bed with a collection of gold, silver and bronze coins, as well as a pair of gold earrings, a pair of pearl earrings and other jewelry.
Earlier this year, three researchers won a $700,000 prize for using artificial intelligence to read a 2,000-year-old scroll that was scorched in the Vesuvius eruption.
The Herculaneum papyri consist of about 800 rolled-up Greek scrolls that were carbonized during the 79 CE volcanic eruption that buried the ancient Roman town, according to the organizers of the “Vesuvius Challenge.”
The scroll’s author was “probably Epicurean philosopher Philodemus,” writing “about music, food, and how to enjoy life’s pleasures,” wrote contest organizer Nat Friedman on social media.
The scrolls were found in a villa thought to be previously owned by Julius Caesar’s patrician father-in-law, whose mostly unexcavated property held a library that could contain thousands more manuscripts.
Science & Environment
Affirm (AFRM) earnings report Q1 2025
Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results.
Here’s how the company did, compared to analysts’ consensus estimates from LSEG.
- Loss per share: 31 cents adjusted vs. a loss of 35 cents expected
- Revenue: $698 million vs. $664 million expected
Affirm reported gross merchandise volume (GMV) of $7.6 billion, topping the average estimate of $7.28 billion, according to StreetAccount. GMV, a key metric that helps gauge the total value of transactions, increased by 35% from a year earlier.
Revenue in the fiscal first quarter rose 41% from $496.5 million a year earlier.
Revenue less transaction costs (RLTC) came in at $285 million, ahead of earlier guidance of $265 million to $280 million.
Affirm said it expects to achieve profitability on a GAAP basis in its fiscal fourth quarter of 2025. Last quarter, CEO Max Levchin said in a note to shareholders that the company had set a new goal of hitting operating profitability on a GAAP basis by the end of its fiscal year.
The company sees second-quarter revenue of between $770 million and $810 million, or $790 million in the middle of the range, versus the average estimate of $785 million, according to LSEG. Affirm is guiding to GMV in the range of $9.35 billion to $9.75 billion. Analysts polled by StreetAccount called for GMV of $9.48 billion.
Affirm shares were about flat for the year as Thursday’s close, but have been trending higher lately, up more than 70% since the end of August.
The company’s new relationship with Apple plus other partnerships with Amazon and Shopify are helping results. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.
“Affirm’s growth story has continued, particularly as they add new strategic distribution partners,” Kevin Kennedy, an analyst at global research firm Third Bridge, said in an email.
Kennedy added that the quality of Affirm’s underwriting, specifically for higher-priced orders and interest-bearing BNPL purchases, sets the company apart from the growing list of competitors.
“The payments space is constantly facing commoditization risk, and BNPL, while nascent, is facing the same challenge,” he wrote. “However, large ticket interest bearing purchases, which are becoming more accessible through Affirm, are better protected” compared with offerings from peers, he added.
Square parent Block, which also reported earnings after the bell, acquired BNPL firm Afterpay for $29 billion in 2021.
Affirm’s quarterly earnings call starts at 5:00 P.M. eastern.
Science & Environment
Block (SQ) earnings Q3 2024
Block shares tumbled 11% in extended trading on Thursday after the company reported third-quarter revenue that trailed Wall Street expectations.
Here is how the company did, compared to analysts’ consensus estimates from LSEG.
- Earnings per share: 88 cents adjusted vs. 87 cents expected
- Revenue: $5.98 billion vs. $6.24 billion expected
Block, formerly known as Square, posted $2.25 billion in gross profit, up 19% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company’s core transactional businesses.
The company reported net income of $283.7 million, or 45 cents per share, after losing $88.7 million, or 15 cents a share, a year earlier.
The Cash App business, the company’s popular mobile payment platform and a significant contributor to overall profitability, reported $1.31 billion in gross profit, a 21% year-over-year jump. Block, run by Twitter co-founder Jack Dorsey, said its Cash App Card monthly active users increased 11% year over year to more than 24 million.
The company said gross profit for the fourth quarter will increase 14% to $2.31 billion.
Block’s third-quarter earnings call starts at 5 P.M. Eastern time.
Science & Environment
FTX’s Caroline Ellison reports to prison to begin 2-year sentence
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024.
Michael Nagle | Bloomberg | Getty Images
Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman for the Bureau of Prisons.
In September, Ellison was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion.
The federal Probation Department had recommended that Judge Lewis Kaplan sentence Ellison to three years of supervised release, with no time behind bars. Defense lawyers also had requested a punishment that didn’t include prison time.
While Kaplan praised Ellison for her extensive cooperation with prosecutors — which led to the conviction of Bankman-Fried — the judge said her criminal sentence needed to deter other potential bad actors from committing fraud.
Ellison ran Alameda Research, which was a sister hedge fund of FTX. She was also romantically involved with Bankman-Fried.
Alameda received much of the $8 billion in customer funds looted by Bankman-Fried from FTX. The stolen money was used for Alameda’s trading operation and other purposes.
Ellison reached a plea deal with prosecutors in December 2022, a month after FTX spiraled into bankruptcy. She pleaded guilty to conspiracy and financial fraud charges.
Kaplan called FTX the greatest financial fraud perpetrated in the history of the U.S., and told the court in Manhattan during the sentencing that a “literal get-out-of-jail-free card I can’t agree to.”
“I’ve seen a lot of cooperators over the years and I’ve never seen one quite like Miss Ellison,” said Kaplan, who also said he believed that Ellison was genuinely remorseful for her crimes and that her cooperation carried a steep price for her emotionally.
Late last month, Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release, becoming the fourth ex-employee of the collapsed crypto exchange to be punished.
At her sentencing, Ellison read from a statement in a shaky voice while crying at times as she apologized to the people she had hurt and said she was deeply ashamed. She also said she was sorry for not being brave enough to walk away from FTX and Bankman-Fried.
Kaplan allowed Ellison to remain free on bail until surrendering to prison either on or after Nov. 7.
Bankman-Fried chose to stand trial and was convicted of all seven criminal fraud charges against him. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan.
Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.
WATCH: FTX founder Sam Bankman-Fried appeals fraud conviction
Science & Environment
One solar stock to buy after Trump’s win hit the sector, analysts say
Science & Environment
Trump’s victory could disrupt energy sector. These stocks are likely winners and losers
Science & Environment
Trump victory a blow to climate action, experts say
Donald Trump’s return to the White House will have a hugely negative effect on climate change action in the short-term but the longer term impact is less certain, experts say.
With world leaders meeting next week for the latest UN climate talks, COP29, the Trump victory will be seen as a huge roadblock to progress in both cutting emissions and raising cash for developing countries.
The US president-elect is a known climate sceptic who has called efforts to boost green energy a “scam”.
But with renewable energy gaining a strong foothold in the US and popular support for wind and solar, Trump’s efforts to ramp up oil and gas instead may be less effective.
While climate change did not play much of a role in this year’s campaign, Trump’s likely actions in office this time could be far more significant than in 2017.
Back then, he announced the US would pull out of the Paris climate agreement, the most important UN process to tackle climate change. The agreement saw almost all the world’s nations – for the first time – agree to cut the greenhouse gas emissions which cause global warming.
But the shock of Trump’s decision was limited. The treaty’s rules meant the US was not able to withdraw until November 2020, a few months before he left office.
If Trump withdraws again, he will only have to wait a year before the US is completely out. That would give him three years to chart his own course without any need to report to the UN or be bound by its rules.
While President Joe Biden’s negotiators will be at next week’s COP talks in Azerbaijan, nothing they agree to will be binding for the Trump administration.
“The US at this COP is not just a lame duck, it’s a dead duck,” said Prof Richard Klein, an expert on climate change policy for the Stockholm Environment Institute.
“They can’t commit to anything and that means that countries like China will not want to commit to anything.”
In recent years, richer countries such as the US, UK and EU states have tried to increase the funds available for developing countries to cope with climate change. But they also insist that big developing economies also contribute.
“The US basically wanted to have China cough up some money for that fund as well. Now they won’t be able to do that. That leaves China off the hook,” Prof Klein said.
Climate scientists say developing countries need billions of dollars of extra investment to become net zero, where they are not contributing to climate change, and stave off the effects of rising temperatures.
While the US might leave the Paris Agreement quite quickly, Trump would still be bound by other global efforts to fight climate change.
There have been reports that some of his supporters also want to turn their backs on these as well. Some have argued for a complete break from UN efforts on climate change, urging the president-elect to leave something called the UN Framework Convention on Climate Change, the treaty that underpins global collective action to tackle climate change.
This was ratified by the US Senate, almost unanimously, in 1992. Legal experts are unclear on the process of leaving the treaty, but any effort by the US to leave would be seen as a body blow to the principle of multi-lateral action to tackle the world’s greatest threat.
As well as these headline-grabbing international actions, the new Trump administration is likely to push for a major ramp up of oil and gas exploration within the US, roll back environmental protections as well as impose heavy tariffs on electric vehicles and solar panels coming from China.
“You are looking at, overall, a ‘drill baby drill’ philosophy,” Dan Eberhart, chief executive officer of oilfield services company Canary LLC told Bloomberg News.
“You are going to see offshore lease sales, you are going to see pipelines move much quicker, you are going to see fracking on federal lands and a mindset that is focused on lowering energy costs for consumers.”
There was a big drop in the share price of turbine manufacturers on Wednesday, as fears grew that US offshore wind farms would be cancelled by a Trump presidency.
But in the longer term, it is not clear if the new president will turn back the clock for coal, oil and gas, or curtail the growth of sustainable energy sources.
For a start he faces opposition – and notably from within his own party.
Biden’s Inflation Reduction Act, which may ultimately channel $1 trillion of spending into green energy, has been hugely beneficial to Republican districts.
According to one analysis, some 85% of the money has been in areas that elected Republicans.
With energy watchdog the International Energy Agency reporting that global investment in clean technology is running at double the size of coal, oil and gas in 2024, the new US administration might not want to drive this type of green investment into other, more eager countries.
Climate leaders are putting a lot of faith in the fact that the transition to green energy will not be derailed by the new Trump administration.
“The result from this election will be seen as a major blow to global climate action,” said Christiana Figueres, the former UN climate chief.
“But it cannot and will not halt the changes under way to decarbonise the economy and meet the goals of the Paris agreement.”
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