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Bhutan may reconsider its controversial $100 daily tourism fees if the country's tourism industry recovers soon, Bhutan's Prime Minister Tshering Tobgay told CNBC on May 10. Bhutan reopened its borders in September 2022 with an increased "Sustainable Development Fee" of $200 per person per day in place. Indian travelers pay a reduced fee of 1,200 Bhutanese ngultrum ($14.50) per night, and daytrippers from India are exempt from the fee, according to Bhutan's Department of Immigration. The rate often included hotel, transportation and tour guide costs, and the mandatory $65 Sustainable Development Fee. Now, those costs are in addition to the $100 Sustainable Development Fee.
Persons: Tshering Tobgay, Tobgay, Tobgay's Organizations: Bhutan's, CNBC, Bhutan's Department of Immigration, Tourism, of Bhutan, Tobgay's People's Democratic Party . Locations: Bhutan, Asia, India, daytrippers
While NCsoft shares are only traded in South Korea, they are accessible to U.S. and European investors through ETFs. The company's shares have been hit hard over the past few years, with the stock price declining significantly from its peak in 2021 and falling 40% over the past 12 months. German, co-manager of the Emerging Market Value strategy at Schroders , attributes the sell-off to several factors. In addition, NCsoft also announced a cost-cutting program and a share buyback program earlier this month which have already boosted the company's stock price by around 10%. Most analysts have a hold rating on the stock, giving shares only a 2% upside, according to FactSet data.
Persons: Vera German, NCsoft, Nexon Organizations: Esports, CNBC Pro, Investor Conference, South Korean Locations: Korean, South Korea, London, Korea
That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.
Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, , Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld
The deaths of Iran’s president, Ebrahim Raisi, and foreign minister, Hossein Amir Abdollahian, in a helicopter crash have left one of the Middle East’s most powerful and disruptive nations at a critical moment. Here’s a look at what we know about the crash and its potential implications. Mr. Raisi, 63, and Mr. Amir Abdollahian were traveling back from Iran’s border with Azerbaijan after inaugurating a joint dam project when their helicopter went down in a remote and mountainous area around 1 p.m. local time on Sunday, according to state media. Search and rescue teams battled rain and heavy fog to scour the mountains and dense forest for more than 10 hours, looking for the crash site. The authorities called off the aerial search at one point because of the weather, dispatching elite commandos of the Revolutionary Guards and others on foot.
Persons: Ebrahim Raisi, Hossein Amir Abdollahian, Raisi, Amir Abdollahian Organizations: Revolutionary Guards Locations: Iran’s, Azerbaijan
Vistra Corp. has doubled over that period, while Constellation Energy is up nearly 62% and NextEra Energy has surged 34%. "This is not your old utility, where you just get a dividend and you're happy," Shahriar Pourreza, managing director of energy, power and utilities at Guggenheim Partners, told CNBC. The sector was oversold coming into 2024, with the market going too far in pricing in the impact of interest rates, Pourreza said. Power companies with deregulated assets are able to respond to market conditions more quickly than traditional utilities, he said. The tech sector is looking for clean energy to power data centers as they are simultaneously trying to limit their carbon footprints.
Persons: Pourreza, Jerome Powell, Goldman Sachs, Stephanie Link, CNBC's, Paul Hickey, Vistra, NextEra Organizations: Utilities, Vistra Corp, Constellation Energy, NextEra Energy, Guggenheim Partners, CNBC, Federal Reserve, Investors, HighTower Advisors, Investment Group, Constellation, Services, Microsoft Locations: It's, U.S, Wells
Injected medications called GLP-1 agonists are in high demand because they have proved to be so effective for weight loss. The difference, which was statistically significant, amounted to a 52% increased risk of being diagnosed with stomach paralysis while on a GLP-1 medication. Compared with those who were not taking a GLP-1 medication, those who did were about 66% more likely to be diagnosed with gastroparesis. This study found that 0.53% of patients on GLP-1 medications were diagnosed with stomach paralysis, or about 1 case of gastroparesis for every 200 people taking the drugs. People taking GLP-1 medications were also more likely to have nausea and vomiting or gastroesophageal reflux disease (GERD) and to be prescribed a proton pump inhibitor.
Persons: gastroparesis, GERD, , Prateek Sharma, Sharma, ” Sharma, Michael Camilleri, , Camilleri, It’s, who’d, Dr, Sanjay Gupta, it’s Organizations: CNN, Drugmaker, Nordisk, University Hospitals, Diabetes, University of Kansas, University of Kansas School of Medicine, American Society, Mayo Clinic, CNN Health Locations: Washington, Cleveland, GLP, Mayo
After seeing school shootings on the news, I started kissing my son goodbye at school each morning. Now that he's 10, he's starting to pull away from me when I go in for the kiss. AdvertisementI can still remember sitting in front of my TV, watching the news, and finding out about the Sandy Hook school shooting. School shootings didn't stop. With each new school shooting, I could only think of the parents who had lost children.
Persons: , Sandy Hook Organizations: Service, Business
Opinion | The Northern Lights I Did Not See
  + stars: | 2024-05-20 | by ( Margaret Renkl | ) www.nytimes.com   time to read: +1 min
I spend a fair amount of time looking at the sky, for the sky is nearly always full of magic. What I am never looking for is the Northern Lights. Even with an extreme solar storm underway, as it was on May 10, the news seemed unlikely to affect us here in Nashville. “Northern lights become visible further south as solar activity rises — but not in Tennessee,” read the headline in Nashville’s daily newspaper. To long for a glimpse of the Northern Lights in Middle Tennessee is not a helpful exercise for the muscle that performs hope in the human heart.
Persons: Organizations: National Oceanic, Prediction Locations: American, Nashville, Tennessee, Middle Tennessee, Sweden
ET, the yield on the 10-year Treasury yield was at 4.4179% after falling by less than one basis point. The 2-year Treasury yield was last up by less than one basis point to 4.8180%. U.S. Treasury yields were little changed on Monday as investors looked ahead to fresh economic data and comments from Federal Reserve officials slated for the week. Investors awaited the latest economic data and comments from Federal Reserve officials as they weighed the state of the economy and the outlook for interest rates. The Fed left interest rates unchanged at its last meeting, and indicated that interest rates would not be cut until policymakers were more confident about inflation easing to its 2% target.
Organizations: U.S, Treasury, Federal Reserve, Investors, CPI
Learn moreShakira's 2024 World Tour kicks off this fall, and tickets are still available to see the Grammy-winning singer live in concert. Shakira's 2024 tour scheduleThe schedule for Shakira's 2024 tour begins on November 2 with back-to-back shows in Palm Desert, California. How to buy tickets for Shakira's 2024 concert tourYou can buy original tickets to see Shakira's 2024 Las Mujeres Ya No Lloran World Tour on Ticketmaster. Tickets to Shakira's 2024 concert dates can also be purchased through verified resale ticket vendors such as StubHub and Vivid Seats. With so few dates on her 2024 world tour, tickets to see Shakira in concert are relatively expensive.
Persons: Shakira, El, We've, Shakira hasn't, it's Organizations: Business, Coachella, El Dorado, FL, Ticketmaster, Shakira's Locations: North America, Palm Desert , California, United States, Canada, Detroit , Michigan, CA, Phoenix, AZ, Los Angeles, San Antonio, Dallas, Miami, Charlotte, NC, Washington, Toronto, ON, York City, NY, Boston, Montreal, Chicago, Detroit, MI, Detroit , MI, Desert , CA, Los Angeles , CA, Toronto , Ontario, Quebec
Russia and Ukraine attacked each other's neighboring border regions on Sunday, with the northeast Ukrainian region of Kharkiv and the Russian region of Belgorod just over the border both coming under attack. A day of mourning has been declared in Kharkiv on Monday after a popular leisure spot and several villages were shelled by Russian forces on Sunday, leaving at least 11 civilians dead and many wounded. Kharkiv has become the prime target for Russian forces since they launched a new offensive in the border region on May 10. A lakeside recreation spot in the outskirts of Kharkiv city was among the areas attacked Sunday, leaving at least five people dead and 16 injured, among them two ambulance workers hurt in a second attack on the same location.
Organizations: Russian Locations: Russia, Ukraine, Ukrainian, Kharkiv, Russian, Belgorod
Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 10 cents, or 0.1%, to $84.08 a barrel by 0454GMT, after rising to $84.30 earlier, its highest since May 10. He added that WTI prices may rebound further toward $83.50 after rising above the 200-day moving average of $80.02. Despite the volatility in the region, oil prices moved only slightly. "Continuity in Saudi strategy is expected regardless of this health issue," he added.
Persons: Brent, Ebrahim Raisi, Saudi Arabian Crown Prince Mohammed bin Salman, King Salman, Yoshimasa Hayashi, Tony Sycamore, Sycamore, Warren Patterson, Patterson, Saul Kavonic, Prince Mohammed Bin Salman's Organizations: Brent, . West Texas, Saudi, Saudi Arabian Crown, Iranian, IG, ING, The, of, Petroleum, Petroleum Reserve Locations: Fort Stockton , Texas, Saudi, Japan, East Azerbaijan, Saudi Arabian, China, U.S, United States, Washington
CNN —The US Centers for Disease Control and Prevention is urging doctors to be on the lookout for potentially deadly meningococcal disease linked to travel to Saudi Arabia. Meningococcal disease is highly contagious among unvaccinated people. Meningococcal disease, including meningitis, is an uncommon illness caused by the bacteria Neisseria meningitidis. Meningococcal disease can be treated with antibiotics if it’s caught early enough. One such instance is before travel to countries where meningococcal disease is more common.
Persons: Prophet Muhammad, it’s, serogroup C, Dr, Sanjay Gupta Organizations: CNN, Centers for Disease Control, Research, CDC, Pfizer, Hajj, Health Alert Network, CNN Health Locations: Saudi Arabia, Mecca, United States, France, United Kingdom, People
Nvidia is still considered cheap and can rise after its earnings report, according to Dan Niles. The semiconductor stock turned artificial intelligence darling has run up big, said the Niles Investment Management founder. "That's why my thoughts are, you get [a] slight move up in the stock when they report," he said on CNBC's " Money Movers ." With this in mind, Niles said traders should look for periods of digestion in Nvidia before the next leg up. The Magnificent Seven stock has climbed more than 90% this year as the AI craze remains top of mind for investors.
Persons: Dan Niles, Niles, LSEG Organizations: Nvidia, Niles Investment Management, Cisco Systems
Read previewAs a professor of exercise, Karyn Esser knows a lot about fitness. Esser told BI that motivation should come from keeping your body fit and healthy so you can keep enjoying life — things like traveling or playing with grandkids. Esser does strength training even though she doesn't like itEsser has been strength training for three years because she knows it's important for healthy aging. Strength training is important to combat the muscle loss that occurs with age. AdvertisementEsser worked with a trainer to devise a strength training program she could do at home two or three times a week.
Persons: , Karyn Esser, Esser, Bryan Johnson, Karyn Esser Esser, I've Organizations: Service, University of Florida, grandkids, Business
CNN —A 4.4 magnitude earthquake struck Italy’s Campi Flegrei super volcano Monday evening, causing mild damage in the town of Pozzuoli, the epicenter, and as far away as the city of Naples, some 20 kilometers (12 miles) away, according to Italy’s National Institute of Geophysics and Volcanology (INGV). The 4.4 earthquake at a depth of 3 kilometers is the strongest earthquake to hit the highly seismic area in the past 40 years, according to INGV data. The quake is part of an ongoing “seismic storm” that has seen more than a dozen events over 2.0 magnitude in the past 48 hours. The INGV recorded 1,252 earthquakes in the Campi Flegrei area in the month of April 2024, most with a magnitude less than 1.0. More than 500,000 people live in the red zone directly adjacent to the Campi Flegrei, according to the Italian Civil Protection agency, which has been working this year to update evacuation plans in the event of a major disaster.
Organizations: CNN, National, of Geophysics, Fire Brigade, Italian Civil Locations: Pozzuoli, Naples, Italian, Mt
Another earnings report, another sell-off in extended trading for Palo Alto Networks . Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. We believe Palo Alto Networks, in particular, is uniquely positioned to win due to its best-in-class tools and broad product portfolio that allows it to provide an all-encompassing "platform" solution to cybersecurity. This transaction was the largest in the history of Palo Alto Networks at nearly $150 million" of total contract value. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
Persons: , Nikesh, billings, we'd, Arora, I'm, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, billings, Palo Alto, Alto Networks, Cisco Systems, Billings, Palo, Healthcare, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S
Versatile and resilient, the lobster survives by molting, shedding its skin and growing into a new, bigger shell. Red Lobster said it planned to reduce its locations as it prepared to to sell most of its assets. In the meantime, surviving Red Lobster restaurants will remain open. It has been a painful, slow end for Red Lobster, whose death throes were telegraphed earlier this year when the company reportedly sought to restructure its debt. After decades as a General Mills subsidiary, Red Lobster was purchased by a private equity firm in 2014, and bolstered by a 2020 investment from a Thai seafood conglomerate.
Persons: molting Organizations: General Mills
Taking the Long Way Home From Alaska
  + stars: | 2024-05-20 | by ( Elaine Glusac | ) www.nytimes.com   time to read: 1 min
Within months of the Pearl Harbor bombing on Dec. 7, 1941, the United States, in cooperation with the Canadian authorities, set out to build a highway from British Columbia to Alaska, then a territory and viewed as vulnerable to attack by Japan. The original 1,685-mile road took more than 10,000 soldiers less than nine months to complete. An upgraded version opened in 1948 and has been continually resurfaced and rerouted; It now measures just shy of 1,400 miles from Dawson Creek, British Columbia, to Delta Junction in Alaska, according to “The Milepost,” a guidebook to the drive. The highway formed the heart of a family road trip I took last September from Alaska to Idaho, passing through the Yukon, British Columbia and Alberta, in Canada, along the way.
Locations: United States, British Columbia, Alaska, Japan, Dawson Creek, Idaho, Yukon, Alberta, Canada
Grayscale Investments announced that CEO Michael Sonnenshein stepped down on Monday, ending a 10-year run as the leader of the largest crypto asset manager. Under Sonnenshein, Grayscale played a key role in pushing the U.S. Securities and Exchange Commission to allow bitcoin ETFs. "The crypto asset class is at an important inflection point and this is the right moment for a smooth transition. In 2022, Grayscale launched a lawsuit against the SEC, after regulators turned down its bid to convert the investment vehicle into an exchange-traded fund. Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022.
Persons: Michael Sonnenshein, Peter Mintzberg, Goldman Sachs, Edward McGee, Sonnenshein, Arturo Holmes Organizations: Investments, BlackRock, U.S . Securities, Exchange Commission, SEC, Fidelity, Forbes, Summit, New York Historical Society, Getty Locations: OppenheimerFunds
When a star leaves a TV show in its prime, it's often to try to become a movie star. Even though an actor may be beloved on TV, that doesn't always translate to box-office success. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: doesn't, , Jean Page, Page, James Bond, Page hasn't Organizations: Service, Regé, Business
One AI model that is built to help investors pick winners in the stock market has grown confident in the near-term upside for a mid-sized energy stock. Some of the data sources that feed into the iFi AI model include macroeconomic updates, news articles, fundamental company data and technical trading indicators. The AI model is bullish on more energy stocks than just Marathon, as Southwestern Energy also makes the cut. One potential momentum play from the iFi AI list is Vertiv , whose share price has more than doubled in 2024. The CEO of iFi AI, which launched in March , is CNBC senior analyst and commentator Ron Insana.
Persons: Ai, Ron Insana Organizations: Oil, Southwestern Energy, CNBC Locations: Marathon, LSEG, The Ohio
US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. Olivier Douliery | AFP | Getty ImagesThe Biden administration fixes to the country's $1.6 trillion student loan system have resulted in regular announcements to forgive large shares of that debt. In total, the U.S. Department of Education has canceled almost $160 billion in federal student loan debt for nearly 4.6 million borrowers while President Joe Biden has been in office. Here what to know about the aid programs that have led to that relief. Income-driven repayment plansPublic Service Loan ForgivenessNavigating the Public Service Loan Forgiveness program has been famously difficult.
Persons: Joe Biden, Education Secretary Miguel Cardona, Olivier Douliery, Biden, George W, Bush, Federal Perkins Organizations: Education Secretary, White, AFP, Getty, U.S . Department of Education, Public, Consumer Financial, Family Education, Federal, Federal Perkins Loans, Education Department Locations: Washington ,
CNN —As Venice continues to trial its entry fee for day trippers, a popular village in the Swiss Alps is looking to follow its lead. One idea being mulled over is the introduction of an entry free for some visitors, Swiss Info reported Thursday, citing local newspaper Berner Zeitung. The first day of the Venice entry charge on April 25 was met with protests by some locals who felt their home was being turned into a theme park. The famous city, which is at the global forefront of the move to charge day trippers specifically, will continue to pilot it until July 14. The valley of Lauterbrunnen is home to numerous attractions, including Staubbach Falls, one of Europe’s highest unbroken waterfalls at 270 meters.
Persons: Karl Näpflin Organizations: CNN, Swiss, Berner Zeitung, Locations: Venice, Swiss, Lauterbrunnen, Bernese, Staubbach
ROME, ITALY - NOVEMBER 10: Actor Scarlett Johansson attends 'Her' Premiere during The 8th Rome Film Festival at Auditorium Parco Della Musica on November 10, 2013 in Rome, Italy. (Photo by Vittorio Zunino Celotto/Getty Images)Actor Scarlett Johansson says OpenAI CEO Sam Altman used a voice similar to hers for its artificial intelligence voice software despite declining his invitation for its use. "Sky's voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice," the company wrote in a blog post on Sunday. Two days before the ChatGPT 4.0 demo was released, Mr. Altman contacted my agent, asking me to reconsider. Consequently, OpenAI reluctantly agreed to take down the "Sky" voice.
Persons: Scarlett Johansson, Vittorio Zunino Celotto, Sam Altman, OpenAI, Johansson, Altman, Samantha, " Johansson, Mr, Walt Disney, We've, OpenAI didn't, Scarlett Johansson's Organizations: Parco, Musica, CNBC, Disney, Microsoft Locations: ROME, ITALY, Rome, Italy, ChatGPT
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