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☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

☆ Inside Rep. Rob Menendez's fight to be more than a 'nepo baby'
▼ + stars: | 2024-05-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

"I don't have the capacity to think through, well, what if, what if, what if," Menendez told me. Mayor Bhalla told me that he began contemplating his primary challenge shortly after the elder Menendez was first indicted in September. AdvertisementSitting in his recently opened campaign office, the mayor told me that the most important facet of his candidacy was his fight against New Jersey's party boss-driven political culture. "Everything here is a headline or a deadline driving the process," Councilman Paul Presinzano said of Mayor Bhalla. Menendez looks on as Bhalla's opening remarks at a Jersey City candidate forum are filmed by a cameraman.

Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, Menendez, —, Rob Menendez, Bob Menendez, who's, that's, frat bro, I've, Stephen Chernin, he's, father's, Phil Murphy, Bhalla, Pete Buttigieg, outraise Menendez, Ted Shaffrey Bhalla, Menendez —, there's, They're, Andy Kim, Tammy Murphy, James Solomon, you've, hasn't, bossism, Anna Moneymaker, deriding, didn't, I'm, wasn't, we're, It's, Sam Bankman, rZ6H2IB4N0, — Rob Menendez, @RobMenendez4NJ, Councilwoman Tiffanie Fisher, Kim, Fisher, Paul Presinzano, Union City —, Donald Trump, Bryan Metzger, Rob's, Tammy Murphy's, He's, Cory Booker, Rob Menendez Bhalla, Steve Fulop —, corruptly Organizations: Hoboken, Service, Nike Air Force, Gov, Port Authority of New, New Jersey ., Sikh American, Congress, South, AP, New, Democratic Rep, First, Jersey City, Getty, Lipton Tea Company, House Transportation, Infrastructure, Union City, Homeland Security, Democratic, House Democratic, Facebook Locations: New Jersey, Manhattan, Jersey, Hoboken, Port Authority of New York, he's, Jersey City, Washington ,, Washington and NJ, Menendez's, Union City

☆ We have more insights as to where the economy is headed — and it's not good
▼ + stars: | 2024-04-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK 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 . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.

Persons: —, TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London

☆ TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban
▼ + stars: | 2024-04-24 | by ( Zach Vallese | ) www.cnbc.com time to read: +7 min

"TikTok allows small businesses and creators to find their people in their community," Nichols told CNBC, ahead of the bill's signing. watch nowNichols joined a number of other TikTok creators in traveling to the Capitol to oppose a potential ban. TikTok creators and influencers, living far out of the realm of politics, have a very different concern. Tony Youn, a plastic surgeon with 8.4 million TikTok followers, said finding a big audience is difficult. WATCH: Senator Markwayne Mullin talks passage of Tiktok ban

Persons: Craig Hudson, Ophelia Nichols, Nichols, Biden, TikTok didn't, Shou Zi Chew, TikTok, Markwayne Mullin, CNBC's, Mullin, they'll, Zi Chew, Sen, John Fetterman, Anna Moneymaker, livestreams, Adam Mosseri, Tony Youn, Youn Organizations: Foreign, Capitol, Washington , D.C, CNBC, Oxford, TikTok, America Survey, Lawmakers, Communist Party, Russell Senate, ByteDance, Getty, YouTube, Meta, Facebook Locations: Washington , U.S, Alabama, Washington ,, Israel, Ukraine, Taiwan, It's, American, U.S, TikTok, United States

☆ Election 2024 live updates: Trump to speak at Mar-a-Lago with Johnson while Harris visits Arizona following abortion ruling
▼ + stars: | 2024-04-12 | by ( Aditi Sangal | ) edition.cnn.com time to read: +1 min

Vice President Kamala Harris listens as U.S. President Joe Biden speaks during a Women’s History Month reception in the East Room of the White House on March 18, in Washington, DC. Anna Moneymaker/Getty ImagesIn a fundraising appeal ahead of her remarks on abortion in Arizona, Vice President Kamala Harris said she is “horrified” following a state Supreme Court ruling reverting the state to a Civil War-era abortion ban. She issued a stark warning on the threat a second Trump term would pose to abortion rights nationwide. “Donald Trump and GOP lawmakers are rolling back the clock to 1864 —before Arizona was a state, before the Civil War ended, and decades before women could even vote — but they won’t stop here,” Harris warns in the email to supporters. In her speech Friday, Harris is expected to lay the blame around abortion bans like Arizona’s squarely at the feet of former President Donald Trump, who’s taken credit for appointing the justices responsible for overturning Roe v. Wade to the Supreme Court.

Persons: Kamala Harris, Joe Biden, Anna Moneymaker, ”, “ Donald Trump, ” Harris, “, Harris, Roe, Wade, Donald Trump, who’s Organizations: White, Trump, GOP, Supreme Locations: Washington , DC, Arizona, Tucson

☆ Exclusive: State Department officials told House investigators they created Afghanistan withdrawal plans from scratch
▼ + stars: | 2024-04-03 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +12 min

The State Department has continued to publicly defend its decision making around the NEO as well as the ending of the war. Milley and retired Gen. Kenneth McKenzie, who were in charge of the US military during the withdrawal, blamed the State Department for not ordering a NEO sooner. The State Department officials did not weigh in on whether calling a NEO sooner would have had a substantial impact, as this would have preceded their arrival in Afghanistan. Although the State Department has faced sharp criticism from the Defense Department – most recently in a congressional hearing with retired Gens. Coordination with the militaryAnd on the ground, as they grappled with the frenzied and fluid situation, State Department officials and service members at Hamid Karzai International Airport were regularly coordinating.

Persons: John Bass, Jim DeHart, Jayne Howell, Michael McCaul’s, McCaul, Biden, ”, Mark Milley, ” Howell, DeHart, ” Bass, Hamid, Bass, Wendy Sherman, Washington . Howell, I’m, Howell, “, Trump, Anna Moneymaker, Milley, Kenneth McKenzie, McKenzie, Vedant Patel, “ It’s, Defense Department –, Gens, Kenneth McKenzie –, ” DeHart, didn’t Organizations: CNN, State Department, House Foreign Affairs, Republican, Department, Foreign Affairs, Chiefs, House Foreign, ”, DC, State, Department of Defense, Airport, Foreign Service Institute, Pentagon, Biden, Joint Chiefs, Staff, US, US Central Command, ” State Department, Defense Department, Hamid Locations: Afghanistan, Kabul, Afghan, Ukraine, Kabul Afghanistan, Washington ., Turkey, Rayburn, Washington , DC, extremis

For more on the effort to oust House Speaker Mike Johnson from his job and the fight over Ukraine aid, watch “Inside Politics Sunday with Manu Raju” at 8 a.m. “”The speaker wants to put wins on the board for House Republicans, and we better start doing that. But whether or not Johnson keeps his speaker’s gavel may hinge on how he handles the next divisive policy issue coming down the pike: funding for Ukraine in its war against Russia. Over the two-week Easter recess, Johnson has been quietly working with key lieutenants to chart a course on his Ukraine strategy. “It was a terrible deal.”Democrats are signaling that they will save Johnson if he moves a Ukraine bill they can support.

Persons: Mike Johnson, Manu Raju ”, Mike Johnson strategized, Matt Gaetz, Gaetz, “, we’ve, ” Gaetz, … I’m, Johnson, Marjorie Taylor Greene, Johnson don’t, Greene, Kevin McCarthy, —, Mike, ”, Chip Roy, Texas, Roy, Anna Moneymaker, Thomas Massie of, ” Massie, Bob Good, McCarthy, She’s grandstanding, ” Good, Good, Ralph Norman of, Andrew Clyde of Georgia, Drew Angerer, Hakeem Jeffries, there’s, Haley Talbot, Sheden Tesfaldet Organizations: CNN, House Republicans, Ukraine, Russia, GOP, won’t, Republican, Republicans, U.S, Capitol, Caucus, ” Locations: Ukraine, Florida, Johnson’s, Georgia, Washington , DC, Thomas Massie of Kentucky, Virginia, America, Ralph Norman of South Carolina, Washington ,

☆ Israel-Hamas ceasefire talks are ‘stuck but ongoing,’ sources tell CNN
▼ + stars: | 2024-03-27 | by ( Alex Marquardt | Jeremy Diamond | ) edition.cnn.com time to read: +5 min

Talks over a hostage deal and a ceasefire in Gaza between Israel and Hamas have reached another stalemate but are not over, according to three people familiar with the negotiations. Burns put forward a proposal that was accepted by Israel and sent back to Hamas, the second person and an Israeli official told CNN. “The negotiations are not only centric around the prisoner exchange deal,” Hamas senior official Basem Naeim told CNN on Monday. Those releases would take place during the first phase of a ceasefire, which would be expected to last around six weeks. The senior US officials and Gallant did not reach any agreements on how Israel will move forward with an operation in Rafah in southern Gaza, US and Israeli officials told CNN.

Persons: “, ”, Bill Burns, Burns, Israel, David Barnea, Basem Naeim, “ Israel, Amir Levy, Yahya Sinwar, Matthew Miller, Benjamin Netanyahu’s, William Burns, Anna Moneymaker, ” Miller, Biden, Yoav Gallant, Gallant, CNN’s Natasha Bertrand Organizations: Hamas, CIA, Doha, Qatari, CNN, Hamas didn’t, National Security, United Nations Security, Central Intelligence Agency, House Intelligence, Cannon, US, Biden Locations: Gaza, Israel, Doha, Qatar, Tel Aviv, Washington , DC, Rafah, Washington, US

☆ NBC cut ties with Ronna McDaniel after extraordinary pressure, but its problems aren’t over
▼ + stars: | 2024-03-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Only 80 hours elapsed between NBC News announcing Ronna McDaniel as a paid contributor and the network ousting her from that very role. But for the leadership at NBC Universal News Group, those were 80 painful hours. “What a sh*t show!” a media executive exclaimed to me Tuesday shortly after Conde relieved McDaniel of her NBC News credentials. “These Radical Left Lunatics are CRAZY and the top people at NBC ARE WEAK,” Trump raged on his Truth Social platform. The objection to McDaniel from both within and outside of NBCU was not that she is a Republican.

Persons: Ronna McDaniel, Cesar Conde, ”, ” Conde, “, I’m, McDaniel, Conde, Ronna, Anna Moneymaker, it’s, Cesar, Peacock, Donald Trump, ” Trump, Ari Fleischer, George W, Bush, NBCU, Rachel Maddow, Joy, ” Maddow Organizations: New, New York CNN —, NBC News, NBC Universal News Group, NBCU News, Republican National Committee, NBC, NBCU, MSNBC, Conde, Trump, Republican Locations: New York, NBCU

☆ 3 ways Apple’s monopoly lawsuit could change the iPhone experience for fans
▼ + stars: | 2024-03-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Apple added that the lawsuit could empower the government “to take a heavy hand in designing people’s technology.”But if successful, the lawsuit could ripple across Apple’s products and services. Anna Moneymaker/Getty ImagesChanges to the App StoreIf found liable, the company could be forced to change a number of things. One such change is how iPhone users could get greater access to “super apps” that have been largely restricted before. More open servicesAnother likely change is how hardware from other companies, such as smartwatches, will interact with the Apple range of devices and software, including the iPhone and Apple’s services like Fitness+. But Apple’s success stems in part to its tight grip on its products and services, keeping things intuitive and seamless.

Persons: Biden, Apple, here’s, General Merrick Garland, Anna Moneymaker, Dipanjan Chatterjee, Forrester, ”, Chatterjee, it’s, David McQueen, ” McQueen, ” Chatterjee Organizations: CNN, Apple, Department of Justice, ”, Apple Watch, ABI Research Locations: Washington ,, innovating

☆ It's March Madness time — and we mean business
▼ + stars: | 2024-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.

Persons: —, Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London

☆ Legal consequences are harsh and painful when they finally arrive in Trump’s orbit
▼ + stars: | 2024-03-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Multiple insurance firms have balked at Trump’s attempt to finance the bond based on the value of his real estate assets. As always with Trump, there is a legal front and a political one. His claims are inaccurate but appear to be politically effective among his supporters who revile political and legal elites in Washington. Therefore, there are good reasons why James – a Democrat – may seek other legal remedies to secure the judgment. Although his case is historic, Navarro is far from the only ex-Trump associate to serve time in jail.

Persons: Donald Trump, Peter Navarro, ’, readying, Trump, —, Trump’s, Andrew McCabe, CNN’s Wolf Blitzer, Judge Arthur Engoron, Letitia James, “, ” James, He’s, Jean Carroll, Joe Biden, Cohen, James, he’s, James –, Democrat –, Hunt, ” Trump, Navarro, Navarro Monday, John Roberts, Roberts, Barrett Prettyman, Anna Moneymaker, ”, Sam Mangel, ” Navarro, Paul Manafort, CNN’s Kristen Holmes, Manafort, Robert Mueller’s Organizations: CNN, Trump, Trump Organization, FBI, New York, ABC, Oval, GOP, Black, Democratic, White, Democrat, Republican, Getty, of Prisons, White House, Republican National Convention, Washington Post Locations: New York, Trump, Manhattan, Washington, United States, Washington , DC, Miami, Milwaukee, Robert Mueller’s Russia

☆ Kyrsten Sinema is still sitting on over $11 million in campaign cash — and she could easily use it to fuel her post-Senate life
▼ + stars: | 2024-03-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

At the end of January, the Arizona senator reported holding nearly $10.6 million cash on hand in her campaign account and another $466,000 in her leadership PAC. AdvertisementNow, it's far from clear what will happen to those "resources" — Sinema's campaign did not respond to Business Insider's request for comment last week on the matter. There are a few different ways this could play out if Sinema decides to keep a "zombie PAC" running. Elizabeth Warren and Michael Bennet once introduced a bill to crack down on "zombie PACs." Advertisement"A lot of people use that to stay in the game because a leadership PAC is kind of a slush fund.

Persons: —, What's Sen, Kyrsten Sinema, Ruben Gallego, Kari Lake, Sinema, Arizonans, Saurav Ghosh, Ghosh, That's, Republican Sen, Rob Portman, Portman, Matt Dolan, Anna Moneymaker, he's, Kelly Ayotte, who's, Aaron Scherb, it's, She'd, she'd, Democratic Sens, Michael Bennet of Colorado, Elizabeth Warren of, Elizabeth Warren, Michael Bennet, Bill Clark, Bennet, she's, airfare, Jordan Libowitz Organizations: Service, Senate, Democrat, Democratic Rep, Business, Bloomberg, Republican, American Enterprise Institute, US, Republicans, Democratic, Daily Beast, Citizen, Washington, Commission, PAC Locations: Arizona, Ohio, New Hampshire, Elizabeth Warren of Massachusetts, Washington, Europe

☆ Kyrsten Sinema’s exit puts the spotlight on the Senate’s shrinking pool of dealmakers
▼ + stars: | 2024-03-08 | by ( Lauren Fox | ) edition.cnn.com time to read: +9 min

For months, the two of them had worked tirelessly alongside Republican Sen. James Lankford of Oklahoma to craft a bipartisan deal on immigration. “The base of each party wants individuals who will fight, but not individuals who will reach across the aisle to get things done,” Republican Sen. Mitt Romney of Utah said. “I’ve seen a shift towards basically really not wanting to do anything,” West Virginia Republican Sen. Shelley Moore Capito said. Last cycle alone saw the retirement of Ohio Republican Sen. Missouri Republican Sen. Roy Blunt, another GOP pragmatist, retired after the 2022 election, replaced by Sen. Eric Schmitt.

Persons: Sen, Kyrsten, Democratic Sen, Chris Murphy, Republican Sen, James Lankford of, Sinema, Murphy, ” Murphy, “, ” Sinema, Donald Trump, Mitt Romney, Joe Manchin, he’d, Romney, Trump, ” Romney, I’ve, ” West Virginia Republican Sen, Shelley Moore Capito, Ohio Republican Sen, Rob Portman, J.D, Vance, Trump . Missouri Republican Sen, Roy Blunt, GOP pragmatist, Eric Schmitt, appropriator Sen, Richard Shelby of, Richard Burr of, Bob Corker, Marsha Blackburn, Anna Moneymaker, we’ve, Lamar Alexander, ”, Tim Kaine, “ We’re, Kari Lake, –, Mark Kelly, ” Corker, Kaine, Todd Young, Thom Tillis, It’s, Brian Schatz, ” Sen, Mark Warner, Nathan Howard, Manchin, John Cornyn of, John Thune of, isn’t Organizations: Democratic, Connecticut, Republican, CNN, Senate, ” West Virginia Republican, Ohio Republican, GOP, Trump . Missouri Republican, Intelligence, Senate Foreign Relations, 118th, Democrat, North Carolina Republican, Getty, America Locations: Arizona, James Lankford of Oklahoma, Utah, Virginia, Ohio, Richard Shelby of Alabama, Richard Burr of North Carolina, Tennessee, Indiana, Hawaii, Washington , DC, John Cornyn of Texas, John Thune of South Dakota, America

☆ The one big thing keeping interest rates high
▼ + stars: | 2024-03-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Rekenthaler called shelter costs the "most relevant data point" in the most recent consumer price index inflation report. Meanwhile, James Bianco, president of Bianco Research, a financial markets research firm, told Business Insider, "Rising shelter costs will cause the Fed to hold off on cutting rates." Anna Moneymaker/Getty ImagesRent and shelter costs tend to lag behind the rest of the economy because rents are typically fixed for long periods. However, Gordon also said shelter costs can't be ignored because of how much it impacts overall inflation.

Persons: —, Jerome Powell, John Rekenthaler, Rekenthaler, Morningstar, James Bianco, Anna Moneymaker, Kevin Gordon, Charles Schwab, Gordon Organizations: Service, Federal Reserve Bank, Business, Morningstar, Fed, Bianco Research, Federal Reserve

Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Haiyun Jiang/Bloomberg/Getty Images Haley takes the stage at her election night watch party in Charleston, South Carolina, in February 2024. Haley “won’t just go away,” said Katon Dawson, a longtime Haley ally and former chair of the South Carolina Republican Party.

Persons: Nikki Haley, Donald Trump, Haley, Trump, eked, “, ” Haley, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Haiyun Jiang, Nicole Craine, Anna Moneymaker, Kimberly Rice, ”, Haley’s, Ron DeSantis, Charles Koch, ‘ Won’t, “ I’m, Koch, Haley “ won’t, Katon Dawson, Ebony Davis, David Wright, Jennifer Agiesta Organizations: CNN, New, GOP, Trump, Republican Party, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, Republican, Washington Post, Bloomberg, Former South Carolina Gov, Granite State, Super, Florida Gov, Prosperity, New Hampshire, South Carolina, SFA Fund, South Carolina Republican Party Locations: New Hampshire, South Carolina, California, Texas, Vermont, Virginia, North Carolina, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Iowa, Grand Mound , Iowa, Miami, Concord , New Hampshire, Granite, MAGA, Utah, Super, Costa Mesa , California, Texas , Massachusetts, North Carolina , Virginia , Texas

☆ Trump won't get to hand-pick McConnell's successor — just look at what happened to Jim Jordan
▼ + stars: | 2024-02-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Mitch McConnell is stepping down, and Republican senators have months to decide who succeeds him. The end of his reign marks a shift in the GOP, but Trump won't get to fully decide the next leader. But one thing's for sure: Trump's not going to hand-pick the next Senate GOP leader. House Republicans first chose House Majority Leader Steve Scalise to be their candidate, only handing the nomination to Jordan after Scalise dropped out. It will be important for the eventual GOP leader to demonstrate that he or she could work with Trump if he's elected, but it won't be the only thing.

Persons: Mitch McConnell, Trump, Jim Jordan's, —, Mitch McConnell's, Donald Trump, It's, Sen, John Cornyn, Johns, McConnell, Joe Biden, McConnell —, McConnell's, Kevin McCarthy, Rick Scott of, Scott, Trump's, they're, Jim Jordan, Jim Jordan of, Steve Scalise, Jordan, Scalise, Anna Moneymaker, it's, Tom Emmer Organizations: GOP, Trump, Service, Republicans, Kentucky Republican, Capitol, House Republicans, Senate, Ohio Republican, Texas Republican Locations: Texas, Rick Scott of Florida, Jim Jordan of Ohio, Ohio

☆ FAA gives Boeing 90 days to come up with a plan to address quality issues
▼ + stars: | 2024-02-28 | by ( Gregory Wallace | ) edition.cnn.com time to read: +2 min

CNN —Boeing must produce within 90 days a plan to fix serious quality and safety issues, the Federal Aviation Administration said on Wednesday. The agency said FAA Administrator Mike Whitaker and Boeing CEO Dave Calhoun held a day-long meeting on Tuesday where Whitaker made the demand. The FAA said the Boeing plan must address weaknesses in implementing the company’s Safety Management System, known as SMS, as well as integrating the SMS program with another quality program. Anna Moneymaker/Getty Images North America/Getty ImagesThe panel that reported on Boeing’s safety shortcomings on Monday recommended the company address those issues within six months; the FAA’s new directive sets a faster timeline. The resulting plan from Boeing must lead to a “measurable, systemic shift in manufacturing quality control,” the FAA said.

Persons: Mike Whitaker, Dave Calhoun, Whitaker, Sen, Mark Warner, Anna Moneymaker, Max, CNN’s Chris Isidore Organizations: CNN, Boeing, Federal Aviation Administration, FAA, Max, company’s, Management, SMS, Capitol, North Locations: Washington , DC, North America

☆ Mitch McConnell is stepping down in November. 3 men named John have long been angling to succeed him.
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

AdvertisementBut three men have long been considered to be candidates — and they're all named John. John Thune, John Barrasso, and John Cornyn. John Thune of South DakotaKevin Dietsch/Getty ImagesThune, 63, is the second-highest-ranking Senate Republican. AdvertisementJohn Barrasso of WyomingAnna Moneymaker/Getty ImagesBarrasso, 71, is the third-highest-ranking GOP senator, serving as chair of the Senate GOP conference. AdvertisementJohn Cornyn of TexasAnna MoneymakerCornyn, 72, is not in Senate GOP leadership — but he served as the conference's whip from 2013 to 2019.

Persons: —, Mitch McConnell, McConnell, Donald Trump, John, John Thune, John Barrasso, John Cornyn, John Thune of, John Thune of South Dakota Kevin Dietsch, Thune, Sen, Tim Scott, Trump, Trump's, John Barrasso of, John Barrasso of Wyoming Anna Moneymaker, He's, Barrasso, John Cornyn of, John Cornyn of Texas Anna Moneymaker Cornyn, he's, Cornyn Organizations: Service, Kentucky Republican, Business, Republican, GOP, Thune, South Dakota Republican, Senate, Safer Locations: Sens, John Thune of South Dakota, John Barrasso of Wyoming, John Cornyn of Texas, Thune, Uvalde , Texas

☆ News outlets are collapsing as advertisers flock to social media platforms, with major implications for society
▼ + stars: | 2024-02-28 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Social media companies are soaking up the billions in advertising dollars that once flowed to legacy media companies — a trend that continues to accelerate despite an ever-growing mountain of evidence indicating the Silicon Valley titans govern their ballooning kingdoms with little regard for how their products negatively impact society. Time and time again, companies like Instagram, YouTube, TikTok, Snapchat and others have been caught allowing harmful content to exist on their platforms. The committee heard testimony from the heads of the largest tech firms on the dangers of child sexual exploitation on social media. To be fair, brands would likely prefer to advertise on the platforms of responsible media actors versus the risky world of social media. But Big Tech offers these brands much more effective targeting, while boasting a larger and younger audience than legacy news organizations.

Persons: BuzzFeed, You’re, It’s, Meta, ”, Jeff Horowitz, Katherine Blunt, Mark Zuckerberg, Anna Moneymaker Organizations: New York CNN, Social, Media, New York Times, CNN, YouTube, Times, Meta, Dirksen, Facebook, Big, Big Tech, News Locations: New York, Snapchat, Washington ,

Republican Senate candidate Kari Lake speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center on February 24, in National Harbor, Maryland. Anna Moneymaker/Getty ImagesArizona Senate candidate and close Trump ally Kari Lake geared up the CPAC crowd here Saturday ahead of former president Trump’s remarks later this afternoon. 1 alpha man in Donald J. Trump,” Lake said. Chants of “USA, USA, USA” broke out at one point during her speech. She encouraged voters to “get involved and help President Trump,” as well as her own Senate campaign in Arizona.

Persons: Kari Lake, Anna Moneymaker, Trump, Trump’s, ”, Donald J, “, We’re, USA ” Organizations: Conservative Political, Gaylord, Resort, Convention Center, Getty Images, Arizona Republican, Arizona, Trump Locations: National Harbor , Maryland, Getty Images Arizona, East, ”, USA, Arizona

☆ Mark Zuckerberg has a new look
▼ + stars: | 2024-02-03 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Mark Zuckerberg was forced to stand up and apologize to the parents of dead children in the room. Zuckerberg has kept his hair short over the last decade. AdvertisementLet's investigate:Mark Zuckerberg walks into the Senate with a new growth. Kevin DietschAnd yet here, the hair doesn't look long at all; it's barely touching the top of his collar:Here, the hair is just slightly down his neck.

Persons: —, Mark Zuckerberg, Linda Yaccarino, Sen, Tom Cotton, Zuckerberg, Caesar, he's, Alex Wong, Anna Moneymaker, Kevin Dietsch, BRENDAN SMIALOWSKI, Champ, Brittany Stevens Organizations: Service, Meta, Business, Pillsbury, Senate, Alex Wong Computer, USA

☆ A Senate hearing with top tech CEOs about online child safety had plenty of fireworks
▼ + stars: | 2024-02-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the grilling tech CEOs got during a contentious Senate hearing, with one notable exception. The big storyTech on trialAnna Moneymaker/Getty ImagesTech CEOs testified in a Senate hearing that turned into the type of fiery debates found on their social-media platforms. Executives for Meta, TikTok, X, Snapchat, and Discord were grilled by US lawmakers during a contentious Senate hearing on online child sexual exploitation. The most shocking moment involved Meta CEO Mark Zuckerberg, BI's Lauren Steussy reports.

Persons: —, we're, Anna Moneymaker, Aaron Mok, Camilo Fonseca, Mark Zuckerberg, BI's Lauren Steussy, GOP Sen, Josh Hawley, Zuckerberg, Shou Zi Chew, Republican Sen, Tom Cotton, Linda Yaccarino, Alex Wong, Chew, X's Yaccarino, BI's Katie Notopoulos, Yaccarino, Katie, It's, there's, Sen, Lindsey Graham, We've, Jerome Powell, Win McNamee, Troy Rohrbaugh, Jamie Dimon, it's, Jeff chiu, Alyssa Powell, Byron Allen, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Service, Tech, Getty Images Tech, Meta, GOP, Republican, Chinese Communist Party, Pew, Big Tech, Federal Reserve, Paramount, Getty, Apple Locations: Washington, Washington ,, New York, London

☆ Big pharma is at a crossroads, as J&J, Merck and others prepare to lose heaps of revenue from blockbuster drugs
▼ + stars: | 2024-01-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +12 min

Bristol Myers Squibb's Eliquis is a blood thinner used to prevent clotting, to reduce the risk of stroke. Bristol Myers Squibb's Opdivo is an immunotherapy used to treat cancers, including melanoma and lung cancer. Investors will get updates on Merck and Bristol Myers Squibb's plans for the years ahead when they report earnings on Thursday and Friday, respectively. That's unlike generics, which are cheaper copycats of small-molecule drugs like Bristol Myers Squibb's Eliquis. Bristol Myers Squibb is also testing a new form of Opdivo, which is currently administered into a patient's veins.

Persons: Johnson, William Blair, Matt Phipps, Bristol Myers, Johnson's, Merck's Keytruda, J's Stelara, Opdivo, Phipps, biosimilars, Eliquis, Biosimilars, Humira, JB Reed, Samsung's, Piper Sandler, Christopher Raymond, AbbVie, Raymond, Chris Schott, Schott, Robert Davis, Keytruda, Davis, JPMorgan's Schott, Bristol Myers Squibb, George Frey, J, Amgen, J confidentially, Mike Perrone, It's, Anna Moneymaker Organizations: New York Stock Exchange, Johnson, NYSE Big, Bristol Myers Squibb, Merck, Biden, William Blair & Company, CNBC, Guggenheim, Bristol, Leerink Partners, Bloomberg, Getty, Bioepis, JPMorgan, JPMorgan Health Care, Moderna, Bristol Myers, Karuna Therapeutics, Hardy, Huntsman Cancer Institute, University of Utah, Reuters, Teva Pharmaceuticals, Pharma, U.S . Department of Health, Human Services Locations: drugmakers, EY, Europe, U.S, Cambridge , Massachusetts, Arda, EY's Americas, Bristol, Salt Lake City , Utah, Washington , DC

Sen. Todd Young speaks to reporters before a Republican Senate policy luncheon at the US Capitol Building on September 19, 2023 in Washington, DC. Samuel Corum/Getty ImagesStatus of border talks remains unclearFrustration reigned inside the Senate GOP on Thursday amid lingering confusion over the status of a border deal. Pressed on whether it was realistic to pass a border deal with Trump opposing it, Young said: “It may be possible. This is about security for our own country and so let’s keep pushing to get this border deal,” she said. Sen. Chris Murphy of Connecticut, one of the Democrats involved in the border talks, expressed frustration about Trump seeking to inject chaos into the situation.

Persons: Donald Trump, Trump, doesn’t, Joe Biden, Mitch McConnell, McConnell, Biden, ”, GOP Sen, Mitt Romney, ’ ”, ’ ” GOP Sen, Todd Young, “, James Lankford, ” Young, Sen, Anna Moneymaker, Underscoring, Thom Tillis, North Carolina –, –, Tillis, ” Tillis, McConnell –, “ We’re, ” McConnell, ” Sen, John Thune, we’ll, ” Thune, Samuel Corum, Young, you’ve, Ron Johnson of, ” Johnson, “ James Lankford, It’s McConnell, Republican Sen, Lisa Murkowski, “ I’m, Murkowski, Chris Murphy of, Donald Trump –, ” Murphy Organizations: Republicans, Trump, GOP, Capitol, ’ ” GOP, Republican, Building, CNN, Getty Locations: Ukraine, Utah, Indiana, Washington , DC, North Carolina, Ron Johnson of Wisconsin, “, Alaska, Chris Murphy of Connecticut

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