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THE INSURTECH REPORT: How financial technology firms are helping — and disrupting — the nearly $5 trillion insurance industry

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bii insurtech financing trend 2

The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. That's because these legacy players have been even slower to modernize than their counterparts in other financial services industries. 

This has created an opportunity for a group of firms known as insurtechs. These startups are leveraging new technology and a better understanding of consumer expectations to increase efficiencies in the insurance industry. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.

In a new report from BI Intelligence, we look at the drivers behind the increasing number of insurtech companies, how they are helping or disrupting legacy players in the insurance industry, and where legacy players are innovating off their own backs. 

Here are some of the key takeaways:

  • The opportunity is currently biggest in the US and Europe. That's because these regions have large, very mature insurance industries. 
  • Insurtechs' products and services mostly target retail customers. This includes small businesses and consumers. 
  • Most insurtechs are acting as enablers. This means that they offer products and services that help insurers and reinsurers improve their processes and better serve customers. 
  • Of the main players in the insurance industry, brokers are most at risk of disruption. This is because insurtechs can easily replicate their services and are solving historical industry problems faster than legacy players. 
  • Legacy players are also innovating. In particular, insurers and reinsurers are investing in insurtechs and fintechs working with relevant technologies. At the same time, they are improving their own direct-to-consumer digital interfaces, increasing their disruptive threat to brokers. 

 In full, the report:Insurtech Report Cover

  • Explains the structure and current state of the insurance market.
  • Highlights areas where insurtechs can help legacy players modernize.
  • Describes where insurtechs are competing with incumbents and how their models compare.
  • Provides case studies of insurtechs.
  • Outlines the legacy response. 
  • And much more.

 Interested in getting the full report? Here are two ways to access it:

  1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >>Learn More Now
  2. Purchase & download the full report from our research store. >> Purchase & Download Now

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NOW WATCH: Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren't real


Fans think they've cracked how Kylie Jenner and Khloe Kardashian could reveal their reported pregnancies — and it could be sooner than you think

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kim kardashian kylie jenner khloe kardashian

  • Many Kardashian fans believe the family will announce Kylie Jenner and Khloe Kardashian's reported pregnancies on their holiday card. 
  • Writer Mariah Smith sparked a discussion around this theory on Twitter. 
  • Others believe that Kylie and Khloe will reveal their potential news in the 25-part card, which is being unveiled one photo per day over social media.
  • An unnamed source told Hollywood Life in October that Kris Jenner wanted to make the news official in the card.

It's been over two months since reports surfaced alleging that Kylie Jenner and Khloe Kardashian are pregnant. Both Kylie and Khloe have remained silent about the reports, and "Keeping Up With the Kardashians" has kept fans watching in suspense by dropping potential hints without revealing anything concrete.

The wait for confirmation may soon be over, however. That's according to a popular theory that says the family is planning to announce Kylie and Khloe's potential pregnancies on their "25 days of Christmas" holiday card.

Writer Mariah Smith sparked a discussion around this theory on December 3, when she tweeted: "The Kardashian's 25 days of Christmas/Christmas card reveal will most likely serve as our Khloe/Kylie pregnancy announcement."

After being asked when the pregnancies would potentially be announced, Smith — a self-proclaimed "Kardashian truther" who covers the show for The Cut's Keeping Up With the Kontinuity Errors column — tweeted that the reveal is likely to happen near Christmas.

Other people are convinced that a holiday card announcement is forthcoming.

It's unclear exactly where the theory started, but a source told Hollywood Life in October that Khloe and Kardashian's pregnancies would be revealed in the family's holiday card

"The Kardashian Christmas card is something that is very important for Kris Jenner," the unnamed source exclusively told Hollywood Life. "Kris wants to take everyone’s excitement and use this year’s card to be the reveal of all the pregnancies in the family."

Up until now, the 25-part holiday card has shown us glimpses of the Kardashian-Jenner family in surprisingly casual outfits — all denim and white basics — amid a white background. Each picture, taken by the photographer Eli Russell Linnetz, highlights a few family members in an artistic way, with some people cropped out of the frame.

DAY 9- MASON & DREAM

A post shared by Kim Kardashian West (@kimkardashian) on Dec 9, 2017 at 9:56am PST on

DAY 6

A post shared by Kim Kardashian West (@kimkardashian) on Dec 6, 2017 at 10:00am PST on

DAY 4

A post shared by Kim Kardashian West (@kimkardashian) on Dec 5, 2017 at 8:18am PST on

As Kim Kardashian West told James Corden on "The Late Late Show," this year's card is limited to the women and kids in the family — which seems like a fitting way to announce any potential baby news. Kylie and Khloe haven't yet appeared in the holiday card, so we'll be keeping our eyes peeled. To keep track, check our story on every single photo in the Kardashians' holiday card here.

INSIDER has contacted Mariah Smith for comment. Representatives for Kylie Jenner and Khloe Kardashian have not replied to INSIDER's requests for comment throughout our ongoing coverage.

Want more? Read all of our Kardashians coverage here.

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NOW WATCH: We tried viral food with Foodgod

Every single photo in the Kardashian family's epic '25 days of Christmas' card

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caitlyn jenner kardashian family

While the average American family might send the same holiday card to friends and relatives, the Kardashians are unveiling a 25-part photo series to tease their full holiday card — with one photo for every day in December leading up to Christmas.

Like everything the Kardashians do, their "25 days of Christmas" card is carefully curated for social media, with family members including Kim Kardashian West and Kris Jenner sharing one picture from the card every day.

Each photo highlights a different member of the brood — as Kardashian West told James Corden on "The Late Late Show," this year's card is limited to the women and kids in the family — captured by the photographer Eli Russell Linnetz.

In the midst of reports alleging that Kylie Jenner and Khloe Kardashian are expecting babies, people are speculating that the family is leading up to a big reveal of the news in this year's card. For that reason alone, it's worth keeping track of the pictures as they are released.

Below, take a look at every piece of the puzzle so far.

Day One's photo set the tone for the rest of the holiday card: Saint West stood next to a stack of holiday gifts amid a white background and a Christmas tree, partially cut out of the frame.

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On Day Two, North West looked up at her mom in a photo that looks more like it's from a Gap commercial than a holiday card.

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Kourtney's son, Reign, was featured in Day Three's photo.

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10 things you need to know in markets today

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People watch as Mount Agung spews ash and smoke during an eruption from an obeservation post in Rendang, Karangasem, Bali, Indonesia December 9, 2017 in this photo taken by Antara Foto.

Good morning! Here's what you need to know in markets on Monday.

1. Bitcoin futures went live on Cboe Global Markets, the Chicago-based exchange group, Sunday evening and the price of the red-hot coin shot up. Cboe's future contracts, which trade under the ticker XBT, allow investors to bet on the future price of bitcoin. Bitcoin shot up over $1,000 after investors could start purchasing contracts at 6:00 p.m. ET.

2. Blockchain, the world's biggest provider of bitcoin wallets, saw a huge surge in new sign-ups last week as bitcoin's price skyrocketed. Blockchain CEO Peter Smith said in an email to investors seen by Business Insider that the company "added half a million new sign-ups this week alone."

3. Japanese stocks struggled for traction on Monday as gains in financial shares were offset by drops in real estate and construction companies. The Nikkei closed up 0.61%. Elsewhere in Asia, the Hong Kong Hang Seng is up 0.81% at the time of writing (6.20 a.m. GMT/1.20 a.m. ET) and China's Shanghai Composite is up 0.75%.

4. Troubled international retail conglomerate Steinhoff, whose shares plunged last week after disclosing accounting problems, said on Sunday it had appointed two advisory firms ahead of a meeting with lenders on December 19. The South African company said it has appointed U.S. investment bank Moelis & Co to advise the company on talks with its lenders and has asked management consultancy AlixPartners "to assist on liquidity management and operational measures."

5. Man Group is launching a quantitative hedge fund in China that it will market to wealthy Chinese investors as it becomes the first foreign investment company to start an onshore hedge fund in the country. The Financial Times reports that the fund, to be managed by Man’s AHL quantitative trading unit in Shanghai, will trade using computer algorithms seeking to capitalise on market swings.

6. Squeezed British consumers reined in Christmas travel plans and bought fewer new cars last month, setting the stage for the first fall in festive spending in five years, credit card company Visa said on Monday. Reuters reports that the downbeat message came alongside a cut by the British Chambers of Commerce to its economic outlook for the next two years as the business organisation sees inflation rising faster than pay.

7. London’s property market is in for another rough ride next year, according to Rightmove. Bloomberg reports that home values in the capital are likely to fall another 2% in 2018 after a 1.8% decline this year, the real estate website operator said Monday.

8. Uber will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market. Regulator Transport for London (TfL) shocked the Silicon Valley firm by rejecting its licence renewal bid in September, citing its approach to reporting serious criminal offences and background checks on drivers.

9. Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday. Launched by the opposition Labour Party's finance policy chief John McDonnell, the report was led by consultants GFC Economics.

10. Currency traders, as a whole, still expect the US dollar to strengthen in the period ahead. However, confidence in that view appears to be slipping. That’s the finding of the latest Commitment of Traders (CoT) report released by the US Commodity Futures Trading Commission (CFTC) last Friday, with net long US dollar positioning in the greenback falling for a third consecutive week.

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New Zealand’s ‘good character’ rules could cost Matt Lauer the $9-million lakefront ranch he bought there

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  • New Zealand is seeking further information on sexual misconduct allegations against Matt Lauer to decide if he is still fit to own property in the country.
  • The country requires foreigners who purchase land in New Zealand to be "of good character." 
  • Lauer purchased a 16,000-acre ranch worth $9.1 million on New Zealand's South Island earlier this year.
  • Last month, NBC fired Lauer after a colleague accused the TV anchor of sexual misconduct.


New Zealand is seeking further information on Matt Lauer's sexual misconduct allegations to determine if the former TV host is still fit to own property in New Zealand.

Matt and his wife Annette, through Orange Lakes Ltd, purchased a 16,000-acre cattle and sheep farm near Lake Wanaka on New Zealand's South Island earlier this year. But New Zealand’s Overseas Investment Office, which regulates foreign investment in New Zealand, stipulates foreigners who seek to purchase land in New Zealand must be "of good character." 

A spokesperson for the agency, Lisa Barrett, told Business Insider it is "aware that allegations have been made in relation to Matt Lauer."

"We are discussing this with his representative and are seeking further information," said Barrett. "A condition of the consent granted to Orange Lakes Ltd to purchase the lease for Hunter Valley Station is that the individuals with control of that company must continue to be of good character."

Valley Station has 30 kilometers of lakefront access, a five-bedroom homestead, stables, 10 huts and four airstrips. According to the New Zealand Herald, the property is worth $9.1 million. 

Last month, NBC fired Lauer after a colleague accused the TV anchor of sexual misconduct. Lauer had been a TV personality on the network for over two decades before his fall from grace.

Lauer released a public statement on the allegations, saying: "Some of what is being said about me is untrue or mischaracterized, but there is enough truth in these stories to make me feel embarrassed and ashamed." 

According to the Overseas Investment Office, when determining an investor's good character, the office takes into account any ongoing allegations or investigations into any criminal offenses.

Barrett said the Overseas Investment Office can "seek orders, through the Courts, that require people to dispose of property," if they are deemed to lack good character.

The New Zealand government has been cracking down on foreign investors buying property in the country in order to tackle the nation's housing crisis. In October, New Zealand's Prime Minister Jacinta Ardern introduced legislation to ban foreign buyers from purchasing existing homes.

According to the Guardian, the country has become a hotspot for wealthy Americans, who see the country as a safe investment away from the politically unstable climate of the rest of the world.

SEE ALSO: Megyn Kelly on Matt Lauer: 'I had heard rumors about Matt'

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NOW WATCH: Megyn Kelly reveals why she left Fox News

THE DIGITAL DISRUPTION IN HOME LOANS REPORT: How fintechs are upending the mortgage space and creating opportunities for retail banks

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provider swtiching UKThis is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

Mortgages are valuable for retail banks, but they're also complex products. In the UK alone, mortgages account for almost 60% of retail banks' profits. But mortgage lending can be a complicated process — it involves estate agents, appraisers, and conveyance agents.

This complexity has resulted in major consumer pain points, like a lack of understanding of mortgages, inconvenient access channels, and difficulty switching providers. In an increasingly digital landscape, tech-savvy consumers are starting to demand simpler ways to take out mortgages, and legacy providers are suffering. In the US, the top three incumbent lenders together captured about 45% of the overall mortgage market in 2011; they hold just 24% in 2017.

But a new class of mortgage-focused startups have developed a range of business models to help incumbents update this valuable product for the digital age. Their strategies vary between geographies: In countries like the US and UK, where homeownership is culturally important, they help incumbents keep consumers interested in taking out home loans.

Meanwhile, in countries like Germany and Switzerland, where people prefer renting, they help incumbents attract new mortgage customers. Some incumbents are already partnering with these players, while others have opted to launch in-house initiatives. Each strategy has its pros and cons, but incumbents must adopt an approach to avoid losing relevancy and market share.

There are still some fundamental problems in the insurance market that present obstacles to innovation — for both startups and incumbents. But there are ways to overcome them while making mortgages more attractive for consumers and improving returns for lenders.

In a new report, BI Intelligence looks at the fundamental problems dogging the current mortgage process and examines why these flaws are becoming impossible for incumbent mortgage providers to ignore. It also outlines the types of fintechs stepping in to drive innovation in the mortgage space, some current efforts by incumbent banks, and hurdles still standing in the way of large-scale change in the mortgage industry, as well as what can be done about them.

Here are some of the key takeaways from the report: 

  • Mortgages are among retail banks' most profitable products, but these lenders have been slow to adapt mortgages to a digital economy. This has created pain points in the customer journey, like inconvenient access channels, and difficulty switching providers.
  • Ignoring these pain points is no longer an option for incumbents. The rise of alternative, digital-only mortgage firms is putting them under increasing pressure to make mortgages more attractive.
  • Fintech startups have detected an opportunity in incumbents’ slowness to innovate, and have developed several strategies to help them, like broadening their distribution channels, improving customer relationships, providing attractive front-ends, and making their back-ends more efficient.
  • Some incumbents have instead chosen to innovate their mortgage processes in-house. There are pros and cons to both strategies, which incumbents should weigh in order to add the most value for customers and their own businesses. 

In full, the report:

  • Examines the flaws in the mortgage status quo that are upsetting consumers and dampening returns for lenders.
  • Discusses why incumbent lenders can't afford to delay innovating any longer around this product.
  • Outlines different ways mortgage fintechs are breathing new life into this product, including by helping incumbents.
  • Looks at some mortgage efforts already underway by incumbent lenders, and some considerations that should guide their projects.
  • Gives an overview of hurdles still standing in the way of large-scale change in the mortgage space, and how they can be overcome.

To get the full report, subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND more than 250 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> Learn More Now

You can also purchase and download the report from our research store.

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China is planning to build 5 camps for North Korean refugees amid fears of instability

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North Koreans ride on a boat used as a local ferry as they cross the Yalu river north of the border city of Dandong, Liaoning province, northern China near Sinuiju, North Korea on May 23, 2017 in Dandong, China.

China is planning to build five camps that could accommodate thousands of North Korean refugees, The New York Times reported Monday.

According to The Times, a leaked document from state-run China Mobile that appeared on the microblogging site Weibo, said the telecommunications company was contacted to check for "viable internet service" at the five sites in the northeast border province of Jilin.

“Because the situation on the China-North Korea border has intensified lately, Changbai County government plans to set up five refugee sites in Changbai,” the document reportedly stated.

When questioned by The Times, a spokesperson for China's foreign ministry said they were not aware of reports about the refugee camps, but did not deny the plans to build them.

Jilin has a large border with North Korea and is close to the nuclear-test site

A propaganda slogan and portraits of former North Korean leader Kim Jong Il (R) and his father and founder of North Korea Kim Il Sung (L) are seen in a North Korean village on the banks of the Tumen river, which is seen from the Chinese side in Tumen, China, January 7, 2016.

North Korean defectors often escape to China because of the countries' large shared border. Jilin province alone has a 200 kilometer (124 mile) border with North Korea and most of it is split by the narrow Tumen River, which is shallow enough to wade across in summer or walk on when frozen in winter.

During North Korea's great famine of the 1990s, up to 300,000 North Koreans were estimated to have fled to China, most of them crossing the Tumen River.

Another reason for the camps to be built in Jilin could also be the region's proximity to North Korea's nuclear-test site, Punggye-ri. Jilin is just 95 kilometers (59 miles) away.

The region's local newspaper recently received global attention when it ran a cartoon guide on how to respond to a nuclear attack.

China used to send North Korean refugees back

The refugee camps could indicate a shift in China's policy on North Korean refugees.

In the past, China has said it does not recognize North Korean defectors as refugees but as illegal economic migrants. Those who are caught are apprehended and many sent back to North Korea, where they face almost guaranteed torture.

“Those North Koreans have illegally crossed the border due to financial hardship in their homeland. They did not go through normal immigration procedures and also disrupted public order in our border regions," a Chinese foreign ministry spokeswoman was quoted as saying by Korea Times two years ago.

Just earlier this year, China appeared to tighten its crackdown on North Koreans entering the country. According to Human Rights Watch, In July and August, 41 North Koreans were apprehended, nearly as many in all of 2016. Of all those, nearly half have been sent back to North Korea.

SEE ALSO: A Chinese local newspaper next to North Korea published a full-page guide on how to deal with a nuclear attack

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NOW WATCH: What life is like on the $11 billion US military base right next to the North Korean border

Obama is campaigning for Roy Moore's Democratic opponent in the Alabama Senate race

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obama phone

  • Former president Barack Obama recorded a robo-call for Alabama Democratic Senate candidate Doug Jones who is facing Republican Roy Moore in a special election on Tuesday.
  • Democratic officials said that Obama had recorded the message the same time President Donald Trump recorded a message supporting Moore.


After President Donald Trump announced his official endorsement of Republican Alabama Senate candidate Roy Moore and recorded a robo-call for him, former president Barack Obama is reportedly following suit with a recorded call supporting Democratic Senate candidate Doug Jones, less than 24 hours before Alabama voters head to the polls.

"This one's serious," Obama said in the call, according to CNN. "You can't sit it out."

"Doug Jones is a fighter for equality, for progress,” Obama continued. "Doug will be our champion for justice. So get out and vote, Alabama."

Democratic officials said that Obama had previously recorded the message, which was primarily aimed at black voters, at the same time Trump had recorded his call for Moore's campaign, according to CNN. But Jones appeared to be unaware that robo-calls from Obama were being placed in Alabama.

"I'm going to be honest with you guys," Jones said during a press conference Monday. "There are robo-calls that have been recorded that I'm not sure [which] calls been going out there."

"The only robo-call that I know for a fact that was recorded ... was the one my wife did," Jones continued.

The final campaign dash from both parties comes on the eve of a special election that has gripped the nation, following Moore's ongoing sexual harassment scandal which first made waves last month. According to a RealClearPolitics average of several polls conducted in the past two weeks, Moore appears to be ahead of Jones by about two percentage points.

SEE ALSO: Trump throws cold water on Roy Moore accuser's yearbook claim

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NOW WATCH: White House photographer Pete Souza on how Obama balanced being president with his family life


Tom Brady is making a mockery of the NFL at an age when most quarterbacks are in a rocking chair

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Tom Brady may be 40 years old, but he is still the best quarterback in the world.

Through the first 12 games of the season, Brady has thrown 26 touchdown passes, behind only Carson Wentz (33) and Russell Wilson (29). Both of those players have played one more game than Brady, and Wentz is now out for the season with a knee injury. That means, Brady has a good shot to lead the NFL in touchdowns for the second time in three seasons.

More impressively, Brady has thrown just four interceptions. In the three seasons since Brady turned 38, he leads the NFL with 90 touchdown passes and has thrown just 13 interceptions, for an incredible 6.92 TD-to-INT ratio. Aaron Rodgers is the only other QB (min. 1,300 attempts) with a ratio even half as good, and even his ratio is 2.25 less than Brady's. Not bad for a QB who should be retired by now.

COTD_12.11

SEE ALSO: Top 30 NFL prospects: Where the best players stand as they start preparing for the draft

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MORGAN STANLEY: 3 things could slow red-hot FAANG stocks in 2018

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  • FAANG stocks could be a victim of their own success in 2018, says Morgan Stanley.
  • The outperformance of the tech-focused group could leave it vulnerable to some trend reversals that could weigh on performance, according to the firm.


All good things must come to an end. Which is why Morgan Stanley has already started brainstorming about what could derail torrid gains for scorching-hot tech stocks.

The FAANG group — which consists of Facebook, Amazon, Apple, Netflix and Google— has crushed the broader market in 2017, buoyed by strong earnings growth and a momentum-chasing mindset from investors looking to buy stock in proven winners.

And while Morgan Stanley isn't yet prepared to get outwardly bearish on FAANG heading into next year, it does note that there are some elements present that could slow the group's roll. They include:

1) A heavy concentration of broader market gains in FAANG

FAANG has driven 24% of the benchmark S&P 500's gains in 2017, which is the third-highest level of concentration in the last 20 years, trailing only 1999 and 2004, according to Morgan Stanley data.

Still, the firm notes that the average over the period is a 22% contribution from the market's top five stocks, so FAANG dominance isn't as overextended as it might appear on the surface. But it remains something to watch.

2) Growth stocks are beating their value counterparts — which could be due for a reversal

Growth stocks have beaten their value-based peers for 10 years running after a six-year period where the opposite was true, according to Morgan Stanley. This trend could weaken or even see an outright reversal in 2018, the firm says. And that would impact FAANG because they're among the most notable examples of successful growth stocks.

Screen Shot 2017 12 11 at 12.24.20 PM

3) Market outperformers tend to slow the following year

Morgan Stanley finds that, throughout history, the top five market cap growers in a given year have only returned 3.7% over the following 12 months. What's more, those companies actually see a -0.6% median return, relative to the S&P 500.

This fits in perfectly with Morgan Stanley's bullish-but-tempered outlook. These stocks may rise in 2018, but they'll be hard-pressed to keep pace with their outstanding 2017 gains.

SEE ALSO: Big-money investors single out the biggest risk to markets over the next year

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NOW WATCH: THE BOTTOM LINE: The iPhone X's biggest myth, investing overseas, and why you should buy gold

A new approach to treating blood cancer just got a promising set of results (BLUE)

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CAR-T blood cancer cell therapy

  • Researchers are looking for new ways to approach blood cancers.
  • One of those ways is a target called BCMA, short for "B-cell maturation antigen," that's integral to a cancer called multiple myeloma.  
  • Interest in BCMA has been "building" according to industry experts, as companies like GSK and Bluebird Bio release more data on their experimental treatments. 


Biotech companies are working to develop new treatments for hard-to-treat forms of blood cancer.

In particular, a set of experimental treatments is going after a target called B-cell maturation antigen. The protein is expressed primarily in patients with multiple myleoma, a form of blood cancer that affects plasma.

Interest in BCMA as a target for cancer treatments is "building," Dr. Axel Hoos, senior vice president of oncology research and development at GlaxoSmithKline, told Business Insider. GSK is one of the companies developing treatments that go after BCMA. The interest in the target by other companies, including Bluebird Bio, which is taking a different approach to treating multiple myeloma, is a sign that the target is good, Hoos said. 

In a phase 2 trial of 35 patients with multiple myeloma, GSK's antibody-based treatment (that is, made of living cells) was able to get a 60% response rate to the treatment. 

"BCMA as a target has clearly become the centerpiece of immuno-oncology," Credit Suisse analysts wrote in a note Monday. 

A space for cutting-edge cell therapies

BCMA as a target has also had success in the budding field of highly personalized cancer treatments known as CAR T-cell therapy (CAR is short for chimeric antigen receptor). 

In a phase 1 trial of 18 patients conducted by the biotech company Bluebird Bio, 10 had a complete response (meaning the cancer had disappeared) to the one-time treatment after a median follow-up of 40 weeks. 

Bluebird was up by more than 24% on Monday following the new data from GSK. 

Cell therapies aren't your run-of-the-mill treatments. Since the therapy is made from a person's own immune system, the process can take about three weeks.

To start, a doctor removes some white blood cells, the part of our body's immune system responsible for combatting infections and foreign substances, from a patient. In a healthy body, the immune system can recognize abnormal, cancerous cells, but for people with cancer, it doesn't recognize that the cells are spreading.

Then the cells are taken to a manufacturing facility at which point the cells are reengineered to recognize cancer cells and wipe them out. Those reprogrammed cells are sent back and administered to the patient.

"Basically we sent a T cell in to attach to the myeloma cells, and then basically blow them up," Bluebird CEO Nick Leschly told Business Insider in 2016.

Up next, Bluebird and its partner Celgene will have to see how the treatment works in larger, late-stage trials. 

SEE ALSO: A revolutionary treatment could help more than 10,000 people living with largely untreatable cancer

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NOW WATCH: The easiest way to get rid of bad breath — according to a dentist

This device will be the next smartphone

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The Next Smartphone

The smartphone is an essential part of our everyday lives.

But as with all technology, things change. So the question becomes: What will be the next smartphone?

Will it be the connected car? Or the smart speaker? What about the smartwatch?

Find out which device, if any, will take over the smartphone's role with this brand new slide deck from BI Intelligence called The Next Smartphone.

Here are some of the key takeaways:

  • Smartphones are the fastest adopted tech in the U.S.
  • Whichever device becomes the next smartphone needs to go everywhere
  • Consumer expectations around the smartphone are changing
  • And much more

To get your copy of this FREE slide deck, simply click here.

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THE SOCIAL VIDEO REPORT: Content, distribution, and monetization across Facebook, YouTube, Snapchat, and Instagram

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Social Video 101 Final.001.001.png

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

The “pivot to video” is digital media's megatrend of the moment. Globally, 47.4 minutes of online video will be watched daily in 2017, a 20% year-over-year (YoY) increase, driven primarily by mobile, where viewing times will reach 28.8 minutes per day, a 35% increase from 2016. 

And not surprisingly, ad dollars are following eyeballs online. US advertisers are projected to double their investment into social video for the second year running to reach $4 billion by the end of 2017 — representing one-third of the country's total digital video ad sales. 

The major social platforms — Facebook, Instagram, and Snapchat — as well as YouTube, the pioneer in digital video, are propelling this shift to video.

Their aim is to create a video advertising market that challenges that of traditional TV, but there's still a way to go: Global digital video advertising is expected to reach $27.2 billion this year, up 23% YoY, while TV accounted for $181 billion in global ad spend in 2016, and $73 billion in the US alone.  

And although these companies share a common goal, there are peculiarities in each platform's approach to digital video. Understanding the nuances is important for those who wish to capitalize on this trend, such as content creators, publishers and other media companies, brands, advertisers, and the social platform's themselves.

In a new report, BI Intelligence analyzes the efforts taken by Facebook and its subsidiary Instagram, Google through its subsidiary YouTube, and Snap to usher in a golden age of digital video. The report maps the parallels and divergences in these companies' video strategies and examines their relative strengths and weaknesses from a distribution and monetization perspective. It also attempts to anticipate where each platform is headed so that industry participants can plan and invest in a probable future.

Here are some key takeaways from the report:

  • Digital media companies are shifting their focus to video to attract some of the $180 billion in ad spend on traditional TV.
  • This is a big opportunity for brands, publishers, and creators, but understanding the differences between the social platforms — from strategies to audiences to ad units — is crucial.
  • Facebook was an early architect of social video through the News Feed, which set the standard for shareable content. Its new Watch tab, meanwhile, is the company’s clearest effort to compete directly with YouTube and traditional TV.
  • As the initial disruptor in siphoning viewers from TV, YouTube not only leads the digital video space but is arguably the most influential video medium overall. However, its incumbency is increasingly threatened by companies like Facebook and Snap. 
  • Although it has fewer users than its rivals, Snapchat’s mobile-first form factor and reach with younger viewers sets it apart. The platform is one of the bright hopes for the future of mobile TV.
  • Instagram is social video’s dark horse and is poised to become a major contender in the space. In particular, it poses a looming threat to YouTube, but Instagram’s prospects will require a few crucial tweaks to its platform first. 

In full, the report:

  • Assesses the evolving social video landscape, with attention to Facebook, YouTube, Snap, and Instagram.
  • Analyzes the relative strengths of each platform from a product, distribution, audience, and monetization perspective.
  • Looks at what’s next for the industry, so that media creators and brands can invest for the future.

To get the full report, subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. »Learn More Now

You can also purchase and download the full report from our research store.

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THE VOICE ASSISTANT LANDSCAPE REPORT: How artificially intelligent voice assistants are changing the relationship between consumers and computers

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bii consumer usage and interest in VAs global 2017 accenture

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

Advancements in a bevy of industries are helping intelligent digital voice assistants like Apple's Siri and Amazon's Alexa become more sophisticated and useful pieces of technology. 

Advances in artificial intelligence (AI) are allowing them to accurately understand more information, while upgrades to mobile networks are facilitating quick transfers of data to robust clouds, enabling fast response times. In addition, the swell of internet connected devices like smart thermostats and speakers is giving voice assistants more utility in a connected consumer's life. 

Increasingly sophisticated voice assistants and the growing potential use cases they can assist in are driving consumers to adopt them in greater droves — 65% of US smartphone owners were employing voice assistants in 2015, up significantly from 30% just two years prior. Consumers are also eagerly adopting speaker-based voice assistants, with shipments of Google Home and Amazon Echo speakers expected to climb more than threefold to 24.5 million in 2017, according to a report from VoiceLabs.

However, there are still numerous barriers that need to be overcome before this product platform will see mass adoption, as both technological challenges and societal hurdles persist. 

In a new report, BI Intelligence explains what's driving the recent upsurge in adoption of digital voice assistants. It explores the recent technology advancements that have catalyzed this growth, while presenting the technological shortcomings preventing voice assistants from hitting their true potential. This report also examines the voice assistant landscape, and discusses the leading voice assistants and the devices through which consumers interact with them. Finally, it identifies the major barriers to mass adoption, and the impact voice assistants could have in numerous industries once they cross that threshold. 

Here are some key takeaways from the report:

  • Voice assistants are software programs that respond to voice commands in order to perform a range of tasks. They can find an opening in a consumer’s calendar to schedule an appointment, place an online order for tangible goods, and act as a hands-free facilitator for texting, among many, many other tasks.
  • Technological advances are making voice assistants more capable. These improvements fall into two categories: improvements in AI, specifically natural language processing (NLP) and machine learning; and gains in computing and telecommunications infrastructure, like more powerful smartphones, better cellular networks, and faster cloud computing.
  • Changes in consumer behavior and habits are also leading to greater adoption. Chief among these are increased overall awareness and a higher level of comfort demonstrated by younger consumers.
  • The voice assistant landscape is divided between smartphone- and speaker-based assistants. These distinctions, while important now, will lose relevance in the long run as more assistants can be used on both kinds of devices. The primary players in the space are Apple's Siri, Microsoft's Cortana, Google Assistant, Amazon's Alexa, and Samsung's Viv. 
  • Stakes in the competition for dominance in the voice assistant market are high. As each assistant becomes more interconnected with an ecosystem of devices that it can control, more popular platforms will have a sizable advantage. 

In full, the report:

  • Identifies the major changes in technology and user behavior that have created the voice assistant market that exists today. 
  • Presents the major players in today's market and discusses their major weaknesses and strengths. 
  • Explores the impact this nascent market poses to other key digital industries. 
  • Identifies the major hurdles that need to be overcome before intelligent voice assistants will see mass adoption. 

Interested in getting the full report? Here are two ways to access it:

  1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. »Learn More Now
  2. Purchase & download the full report from our research store. » Purchase & Download Now

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Roy Moore supporters make a final push for votes in a grueling Alabama special election

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Steve Bannon Roy Moore

  • Trump allies came out in force in support of embattled Republican Alabama Senate candidate Roy Moore on Monday night.
  • His Democratic opponent, Doug Jones, made a final push to get voters to the polls.
  • The special election has gained international attention because of multiple sexual misconduct allegations against Moore that first surfaced last month.
  • The race remained tight in its final hours. Polling averages showed the two candidates within 2 percentage points of each other on Monday.


Allies of President Donald Trump turned out Monday night in support of Roy Moore, the Republican candidate for Senate in Alabama, as voters prepared to head to the polls in a race that has garnered international attention.

The "drain the swamp" rally featured remarks from former White House strategist Steve Bannon and David Clarke, the former Milwaukee County, Wisconsin, sheriff who was a prominent, yet controversial, fixture during Trump's 2016 election campaign.

The event was both a morale-building exercise for Moore's staunchest supporters — Alabama voters miffed with the national media coverage of the Senate race — and a group castigation of Moore's critics, both Republican and Democrat.

"There's a special place in hell for Republicans who should know better," Bannon told the crowd, after calling out Senate Majority Leader Mitch McConnell, Alabama Republican Sen. Richard Shelby, Condoleezza Rice and "little Bobby Corker," the senator from Tennessee — all of whom have denounced Moore in varying degrees recently.

Texas Rep. Louie Gohmert and Moore's spokeswoman Janet Porter were also among the nearly two-dozen people speaking in support of Moore on Monday night.

Moore's wife, Kayla, rebuked national news coverage of the race and headlines that focused on sexual assault and misconduct allegations against Moore. She attacked reports about her husband's past public statements, in which he was critical of LGBTQ people and Muslims and implied that America was better during the days of slavery.

"We have many friends who are black," Moore's wife said, adding, "and one of our attorneys is a Jew."

The candidate, who is known for his fiery and often theocratic rhetoric, took a more sober tone during an interview with an Alabama conservative talk-radio show earlier Monday. He said of the negative coverage he's faced, "We've seen things happen in this campaign that I can't believe to this day. ... It's just been hard, a hard campaign."

At the rally Monday night, he told voters, "If you don't believe in my character, don't vote for me."

Charles Barkley comes out against Moore

At an election-eve rally for Moore's Democrat opponent Doug Jones, meanwhile, former NBA star Charles Barkley implored voters in his home state to reject Moore.

"I love Alabama, but at some point we've got to draw a line in the sand and say, 'We're not a bunch of damn idiots,'" Barkley said.

President Barack Obama recorded a robocall for Jones that declared Jones would be the Democratic Party's "champion for justice."

Condoleezza Rice, a Republican who was national security adviser and secretary of state under President George W. Bush, gave a statement to AL.com that seemed to criticize Moore without saying his name by urging Alabama voters to "reject bigotry, sexism, and intolerance."

The race in Alabama remained tight right down to the last hours before voters head to the polls — even as the story gained national and international attention. A RealClearPolitics average of several polls showed Moore leading Jones by just over 2 percentage points, but experts have said the race would be tough to predict before Election Day.

SEE ALSO: Obama is campaigning for Roy Moore's Democratic opponent in the Alabama Senate race

DON'T MISS: Democratic congresswoman asks Senate Sergeant at Arms to protect teen assistants from Roy Moore

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Peter Thiel is betting on magic mushrooms to treat depression — and he's not the only one

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  • A for-profit company that Peter Thiel invests in has plans to start clinical trials of magic mushrooms for depression within the first three months of 2018.
  • Psychedelics appear to disrupt the brain's activity patterns in a positive and life-changing way.
  • Several research institutions are studying psychedelics for their potential to treat depression, anxiety, addiction, and PTSD.

When Clark Martin tripped on magic mushrooms for the first time, he felt as though he'd been knocked off a boat and left for dead.

"It was like falling off the boat in the open ocean, looking back, and the boat is gone. Then the water disappears. Then you disappear," he told Business Insider in January.

But Martin wasn't alone. Two researchers from New York University were by his side to guide him through his trip. It was an experience that Martin had signed up for as part of one of the first large-scale clinical trials of magic mushrooms for depression and anxiety.

The results of that study were so promising that they jump-started a sort of renaissance in psychedelic research that's now being led by a handful of non-profit research organizations and startups.

One of them is Compass Pathways, a for-profit company that Silicon Valley entrepreneur Peter Thiel invested in last year. The UK-based group announced last week that it plans to start clinical trials of psilocybin for depression and anxiety sometime within the first three months of 2018, the Financial Times reported. They aim to enroll 400 people across eight countries including the United Kingdom, Germany, Finland, the Netherlands, and Spain — potentially making it the largest international study of the drug to-date.

Psychedelics disrupt our normal thought patterns

Clark Martin learned within a few minutes that his initial feelings of panic while on the shrooms were temporary. Over the next few hours, he felt overwhelmed by an enduring sense of tranquility and a feeling of oneness with his surroundings. Those feelings persisted to such an extent that he felt like a new person, even years after his initial experience, he told Business Insider.

"The whole 'you' thing just kinda drops out into a more timeless, more formless presence," Martin said.

shrooms magic mushrooms psilocybin

Martin was one of several people who had been diagnosed with cancer and developed what's known as end-of-life anxiety and depression. Deep feelings of hopelessness had driven him to near-complete isolation, ruining his relationships with his family and friends and creating a vicious cycle where he constantly felt lonely, trapped, and afraid.

But his mushroom trip in 2010 seemed to act as a catalyst — a "kick-start," he likes to call it — for changing the way he sees and approaches the world. Being less anxious and depressed were the most obvious initial benefits of the trip treatment, but they only touch the tip of the iceberg for him.

Where he used to be trapped in his mind during social situations, he's come to appreciate his relationships in a way he never would have thought possible. He also managed to revive a relationship with his daughter that had been withering for years.

"Now if I'm meeting people, the default is to be just present — not just physically, but mentally present to the conversation," Martin said. "That switch has been profound."

He also revived his relationship with his daughter — who was born the same year he was diagnosed with cancer and who he had struggled to connect with for years — and reconnect with his father before he passed away.

All of these benefits appear to be related to the effect that shrooms have on the brains of people with depression.

Brain scan studies suggest that in people with depression, specific brain circuits — such as those involved in the sense of self — are overly strengthened, while other circuits — like those involved in a sense of reward or positivity — are weakened. Shrooms appear to essentially balance that activity by tamping down on the negative circuits and ramping up activity in the positive ones.

"In the depressed brain, in the addicted brain, in the obsessed brain, it gets locked into a pattern of thinking or processing that's driven by the frontal, the control center,"David Nutt, the director of the neuropsychopharmacology unit in the division of brain sciences at Imperial College London, told Business Insider in January.

"Psychedelics disrupt that process so people can escape."

A handful of research institutions and companies are leading the charge for psychedelic research

The company that Thiel invested in, Compass Pathways, has kept a relatively low profile since being founded in 2015. But it has some notable advisors, including Tom Insel, the former director of the US National Institute of Mental Health, and Imperial College neuroscientist Robin Carhart-Harris.

sunset sailing man alone boat sailboatThe company isn't alone in its efforts to study psychedelics for mental illness.

Usona, a non-profit company based in Madison, Wisconsin, is also in the planning phases of studies of psilocybin for depression and anxiety. Its advisors include three American researchers who were involved in Clark Martin's clinical trial from Johns Hopkins University and New York University.

Their work is part of a spate of ongoing research supported by several British and American groups, including the Multidisciplinary Association for Psychedelic Studies (MAPS), the Beckley Foundation, and the Heffter Research Institute.

Some of them are also looking into pairing psychedelics with in-person talk therapy to provide people with a means of discussing the issues that the drugs may bring to the forefront.

"Psychedelic therapy ... offers an opportunity to dig down and get to the heart of problems," psychiatrist Ben Sessa said at a recent conference in London on the science of psychedelics.

This resurgence of science surrounding psychedelics makes some researchers believe these drugs may actually be the closest they've ever been to federal approval.

"I'm absolutely sure that, within ten years, psilocybin will be an accepted treatment for depression," said Nutt.

SEE ALSO: Why psychedelics like magic mushrooms kill the ego and fundamentally transform the brain

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Jailed Russian hacker: I hacked Democrats 'under the command' of Russian intelligence agents

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Russia's President Vladimir Putin and Prime Minister Dmitry Medvedev visit the Resurrection New Jerusalem Monastery at Istra, outside Moscow, Russia November 15, 2017.  Sputnik/Alexei Nikolsky/Kremlin via REUTERS

  • A Russian hacker told a Moscow court in August that he was ordered to hack the Democratic National Committee by Russian intelligence agents at the FSB.
  • The hacker was arrested in mid-2016 on charges relating to his work with a notorious hacking collective.
  • Kozlovsky's work with the FSB could undermine the Kremlin's repeated claims that it had nothing to do with DNC hacks in late 2015.


A Russian hacker believed to be a member of a hacking collective called Lurk said in court over the summer that he was ordered by Russia's security services, known as the FSB, to hack the Democratic National Committee.

The hacker, Konstantin Kozlovsky, told a Moscow court in August of this year that his nine-member hacking group — which has been accused of stealing over $17 million from Russia's largest financial institutions since 2013 — has been cooperating with the FSB for several years, according to the independent Russian news outlet The Bell. Part of that cooperation included hacking the DNC, he said.

Kozlovsky said during a hearing on August 15 that he "performed various tasks under the supervision of FSB officers," including a DNC hack and cyberattacks on "very serious military enterprises of the United States and other organizations."

Minutes from the hearing, as well as an audio recording, were posted on Kozlovsky's Facebook page. The Bell said it confirmed their authenticity with two sources, including a person who was present at the hearing. Kozlovsky also posted a letter that he wrote on November 1, 2016. The letter outlined what he said was his work for the FSB, which he said had spanned nearly a decade and, most recently, involved attacking the DNC servers.

Kozlovsky identified his FSB handler as Dmitry Dokuchaev, a cybersecurity expert who worked as a hacker under the alias "Forb" before joining the FSB. Dokuchaev has been linked to a group of hackers known as Shaltai Boltai, or Humpty Dumpty, that has published emails from Prime Minister Dmitry Medvedev and other Kremlin officials.

The cybersecurity firm CrowdStrike publicly concluded in June 2016 that hackers associated with the FSB breached the DNC in late 2015. WikiLeaks published internal committee emails during the Democratic National Committee in July 2016.

He 'did everything they said'

Kozlovsky also named Ruslan Stoyanov, a key cybercrime investigator at the Russian cybersecurity firm Kaspersky who was arrested last December along with Dokuchaev and Sergei Mikhailov, the deputy head of the information security department of the FSB.

Mikhailov has been accused of giving US intelligence officials information about a server-rental company, King Servers, through which Russian hackers have been known to attack the US, Russian newspaper Novaya Gazeta reported last December. The Bell reported earlier this month that he could soon be charged with treason.

Dokuchayev and Stoyanov have been in pretrial detention since last December on treason charges, according to independent Russian news outlet Meduza.

If confirmed, Kozlovsky's work with the FSB could undermine the Kremlin's repeated claims that it had nothing to do with DNC hacks during the 2016 campaign. And it would fit a consistent pattern in which Russian intelligence officials recruit skilled hackers to engage in cybercrime.

Hiring elite criminal hackers, or cultivating them from a young age, has allowed Russian intelligence agencies like the FSB and the GRU (Russia's military intelligence arm) both to improve their foreign espionage capabilities and keep potentially rogue hackers under government control. 

The New York Times' Andrew Kramer reported on this phenomenon last December, writing that "for more than three years, rather than rely on military officers working out of isolated bunkers, Russian government recruiters have scouted a wide range of programmers, placing prominent ads on social media sites, offering jobs to college students and professional coders, and even speaking openly about looking in Russia’s criminal underworld for potential talent."

"If you graduated from college, if you are a technical specialist, if you are ready to use your knowledge, we give you an opportunity," one of these ads read, according to the Times. 

Kozlovsky, for his part, wrote in his November 1 letter that he began cooperating with the FSB in 2008, when he was just 16 years old. He said he was recruited by Dokuchaev and "did everything they said."

SEE ALSO: Trump officials were warned about Mike Flynn at least 6 separate times before removing him

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Roy Moore's wife: We can't be anti-Semitic, because 'one of our attorneys is a Jew'

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  • The wife of embattled Alabama Senate candidate Roy Moore responded to claims of anti-Semitism during an election-eve rally on Monday night.
  • Kayla Moore insisted that neither she, nor her husband are against Jews because one of their lawyers is Jew.
  • The special-election for an open Senate seat in Alabama comes crashing to and end after the race garnered international attention due to multiple accusations of sexual assault and misconduct against Roy Moore.


Kayla Moore, the wife of the embattled Republican Alabama Senate candidate Roy Moore, responded to allegations of anti-Semitism during a final campaign rally on Monday night.

“Fake news would tell you that we don’t care for Jews. One of our attorneys is a Jew,” the candidate's wife said. In response to her husband's wistful remarks about slavery, Moore said, "We have many friends who are black."

Watch the moment below:

Allies of President Donald Trump turned out Monday night in support of Roy Moore, the Republican candidate for Senate in Alabama, as voters prepared to head to the polls in a race that has garnered international attention.

The "drain the swamp" rally featured remarks from former White House strategist Steve Bannon and David Clarke, the former Milwaukee County, Wisconsin, sheriff who was a prominent, yet controversial, fixture during Trump's 2016 election campaign.

The event was both a morale-building exercise for Moore's staunchest supporters — Alabama voters miffed with the national media coverage of the Senate race — and a group castigation of Moore's critics, both Republican and Democrat.

"There's a special place in hell for Republicans who should know better," Bannon told the crowd, after calling out Senate Majority Leader Mitch McConnell, Alabama Republican Sen. Richard Shelby, Condoleezza Rice and "little Bobby Corker," the senator from Tennessee — all of whom have denounced Moore in varying degrees recently.

The race in Alabama remained tight right down to the last hours before voters head to the polls — even as the story gained national and international attention. A RealClearPolitics average of several polls showed Moore leading Jones by just over 2 percentage points, but experts have said the race would be tough to predict before Election Day.

SEE ALSO: Roy Moore and Doug Jones allies make a final push for Alabama voters in dueling election-eve rallies

Join the conversation about this story »

NOW WATCH: 'You are the light': Watch controversial Philippines President Rodrigo Duterte serenade Trump with a love song

The Patriots attempted one of the worst onside kicks you'll ever see

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  • The New England Patriots looked terrible on Monday night but were still alive in the final minute.
  • Unfortunately for the Patriots, Stephen Gostkowski's onside kick attempt looked half-hearted, at best.
  • Jon Gruden called it "the most bizarre onside kick" he's ever seen.


The New England Patriots had one of their worst offensive performances ever during the Tom Brady era against the on Monday night against the Miami Dolphins, and yet they were still in the game until the end. That is, until the onside kick.

The Patriots only gained two yards in the first quarter, their worst showing since Brady's first season as a starter, and they went 0-11 on third downs, something a Brady-led team has never done. And yet, after a field goal in the final minute, the Pats trailed the Dolphins by seven and needed just to recover an onside kick for a shot to send the game to overtime.

Then this happened:

What. Was. That?

That literally looked like Stephen Gostkowski was throwing a temper tantrum and decided to ignore Bill Belichick's order to actually attempt a reasonable onside kick.

ESPN commentator Jon Gruden may have summed it up best, saying: "That's the most bizarre onside kick I've seen."

Needless to say, the Dolphins recovered and won the game.

SEE ALSO: Bills and Colts play in a whiteout after snow takes over Buffalo stadium — and fans can barely see the field

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The 10 most important things in the world right now

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Hello! Here's what's happening on Tuesday. 

1. Three people were injured by an explosive device in a New York subway station. The device exploded prematurely on Monday morning, and officials have said the suspect was influenced by ISIS propaganda

2. The suspect was possibly also motivated by Israeli action in Gaza. Israel has recently launched airstrikes into Gaza, angering many and leading to protests.

3. The Pentagon will defy Trump and allow transgender troops in the militaryIn July, Trump announced he would reverse Obama's policy of accepting transgender troops.

4. Russia's military chief said North Korea is ready for direct talks with the US. He also warned the US and South Korea to stop provoking North Korea with military drills. 

5. Some people have taken out mortgages to buy Bitcoin. The cryptocurrency has soared in recent days and people are finding ways to invest.

6. Putin has officially called on Russia's military to pull out of Syria. Russia had been helping Syria's government fight since 2015, and was linked to the use of chemical weapons.

7.  A no-deal Brexit could reportedly cost the UK economy $140 billionA Brexit deal was reached last week but the EU council have yet to formally agree on the terms.

8. China is planning to build five camps for North Korean refugeesThe plan could mark a shift in policy for China, as it previously sent defectors back to North Korea.

9. The Palestinian President met with his Egyptian counterpart to discuss JerusalemEgypt has been a key broker in past peace talks with Israel and between fighting Palestinian factions.

10. A former Facebook executive said he feels "tremendous guilt" for helping create the world's largest social media siteChamath Palihapitiya said social networks were "destroying how society works."

And finally... 

17 things most millennials have never heard of.

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