First Citizens BancShares, Inc. [FCNCA]

First Citizens BancShares (NASDAQ:FCNCA) to merge with CIT Group (NYSE:CIT) in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. $100 Billion Deal

First Citizens BancShares (NASDAQ:FCNCA) to merge with CIT Group (NYSE:CIT) in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.

Under the terms of the definitive merger agreement, which was unanimously approved by the Boards of Directors of both companies, CIT stockholders will receive 0.0620 shares of First Citizens class A common stock for each share of CIT common stock they own. First Citizens stockholders will own approximately 61% and CIT stockholders will own approximately 39% of the combined company.

The combined company will operate under the First Citizens name and will trade under the First Citizens ticker symbol FCNCA on the Nasdaq stock market. The combined company will be headquartered in Raleigh, N.C., and will maintain significant operation centers in New York, Pasadena, Omaha, Phoenix, Jacksonville, Fla., New Jersey and Columbia, S.C., among other locations.

2015 Sassodisole Brunello di Montalcino

A full expression of quality and elegance of Sangiovese Grosso. A vine system of low-growing vines that are cordon spur pruned as is the tradition in Montalcino. Aging the wine in large barrels to enhance its characteristics without distorting its taste.

The secret to obtaining a traditional Brunello with an intense ruby red color and variety and spicy aromas, with excellent freshness and fine intensity. In the mouth, it is enveloping and silky with sensations of softness that enhance its breadth. With an elegant, balanced structure, and soft, never intrusive tannins. The long finish recalls the spicy notes perceived on the nose.

Type: Red
Grapes: 100% Sangiovese Grosso
Altitude: 280-320 meters above sea level
Training System: Low-spurred cordon
Harvest: Beginning of October
Aging: Large Slavonian oak barrels
Production Area: Montalcino, Tuscany, Italy
Alcohol Content: 14.00%

Tasting Notes
Color: Intense ruby red with garnet reflections
Aroma: Intense, persistent, fine, floral, fruity, and spicy
Taste: Dry, warm, soft, fairly fresh, tannic, sapid, full bodied, balanced, intense, persistent, and fine

BioNTech SE

EU will speed up approval of eventual COVID-19 vaccine, in contrast to what has happened in U.S.

BioNTech SE

BioNTech SE is a Germany-based clinical-stage biotechnology company. The Company focuses on patient-specific immunotherapies for the treatment of cancer and other serious diseases. It develops a broad product pipeline using different scientific approaches and technology platforms, including individualized mRNA-based product candidates, chimeric antigen receptor T-cells, checkpoint immunomodulators, targeted cancer antibodies and small molecules. In addition, the Company offers diagnostic products and drug discovery services for other therapeutic areas, including infectious diseases, allergies and autoimmune disorders.

AMD – Advanced Micro Devices Inc.

Negotiating to Buy Xilinx Inc

“Advanced Micro Devices Inc. is in advanced talks to buy rival chip maker Xilinx Inc., according to people familiar with the matter, in a deal that could be valued at more than $30 billion and mark the latest big tie-up in the rapidly consolidating semiconductor industry. AMD and XLNX’s marriage will likely benefit both companies and allow them to compete better against rivals like Intel (INTC).” 

Artificial Superintelligence

A Recursive Self-Improvement Model

If research into strong AI produced sufficiently intelligent software, it would be able to reprogram and improve itself – a feature called “recursive self-improvement( RSI )”. It would then be even better at improving itself, and could continue doing so in a rapidly increasing cycle, leading to a superintelligence.

This scenario is known as an intelligence explosion. Such an intelligence would not have the limitations of human intellect, and may be able to invent or discover almost anything. Thus, the simplest example of a superintelligence may be an emulated human mind that’s run on much faster hardware than the brain.

Recursion can be seen as an elegant ‘architectural factorization’ – building complexity by combining the results of smaller, similar patterns previously encountered. Computationally, recursion can always be converted into iteration so this form of elegance is mainly of use in helping to make designs more comprehensible.

Trappist Rochefort 10 – Belgian Ale

Best beer in the world..from the Rochefort Abbey

Rochefort Brewery (Brasserie de Rochefort) is a Belgian brewery which produces three beers designated as Trappist beers. The brewery is associated with the Rochefort Abbey, which originated in the thirteenth century. The current brewery dates from 1899.

Rochefort 10 (blue cap, dark beer, 11.3% ABV). Reddish-brown colour, begins with a density of 24.5º Plato and ultimately reaches 11.3% ABV. This is a barley wine with a rich, sweetish taste. Some consider this to be one of the best/great beers of the world.

The earliest mention of a brewery at the monastery dates from 1595. The abbey and its brewery were closed in 1794. The abbey was re-established in 1887 and the brewery was re-established in 1899.[1] Around fifteen monks currently live at Rochefort Abbey.

OLG Fund

OnLine Gambling fund (OLG) – Analyst Chad Beynon is bullish on U.S. sports betting and internet gaming, believing the $1.4B total addressable market in 2019 can grow to $18B by 2025 and $33.7B by 2030; half of the U.S. will be able to place a sports bet by 2021.

DraftKings (DKNG) recently traded at $52.58, up 3.98%, and has skyrocketed 392% year to date. Penn National Gaming Inc (PENN) stock has soared 252% in the past 12 months as it has sought to grow in online gambling. Scientific Games (SGMS) Macquaire raised target on Scientific Games  (SGMS +9.4%) to $29 from the earlier assigned $20; maintained Neutral rating. Churchill Downs (CHDN) Susquehanna lifts CHDN to a Positive rating from Neutral. The stock is thinly covered on Wall Street, giving the ratings boost a lot of legs. GAN Limited (GAN) provides enterprise Software-as-a-Service solutions for online casino gaming and online sports betting applications. Caesars Entertainment, Inc. (CZR) shares were trading up 7.4% at $56.78 at the time of publication on Friday. The stock has a 52-week high of $70.74 and a 52-week low of $6.02.

Château de l’Annonciation 2015

Saint-Emilion Grand Cru

Au nez on distingue de légères notes de fruits mûrs que l’on retrouve en bouche, associées à de subtiles notes vanillées. La structure est excellente, la finale puissante laisse présager un beau potentiel d’évolution. A Carafer pendant une heure avant dégustation.

Cépages : 80% Merlot, 15% Cabernet-Franc et  5% Cabernet Sauvignon