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☆ 'Ozempic face' could create a huge market for fillers. One newly-public company wants to cash in.
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

Its CEO told Bloomberg that weight-loss drugs could boost its fillers business. Ozempic face is a result of aging and rapid weight loss, one cosmetic dermatologist said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe CEO of Swiss pharmaceutical giant Galderma thinks the popularity of weight-loss drugs like Ozempic could boost its facial fillers business. That's because Ozempic can result in a sunken-in look in some patients' faces, Galderma CEO Flemming Ornskov told Bloomberg — an effect he said fillers can help counteract.

Persons: —, Flemming Ornskov, Flemming Organizations: Swiss pharma, Bloomberg, Service, Business Locations: Swiss

☆ 7 jobs that pay well and have a ton of hiring demand right now
▼ + stars: | 2024-04-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +2 min

There were about 8.8 million job openings in the US in February. 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 . Openings for jobs have dropped from a rate of 6% in February 2023 to 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January.

Persons: —, Nick Bunker Organizations: Business, Service, Bureau of Labor Statistics, Bloomberg, North America

☆ 7 jobs that pay well and are still scrambling to hire
▼ + stars: | 2024-04-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +2 min

There were around 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Openings for jobs have dropped from a rate of 6.0% in February 2023 to a rate of 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January. Across industries, here are the roles with a multitude of openings, or an urgent need to hire.

Persons: —, Nick Bunker Organizations: BI, Service, Bureau of Labor Statistics, Bloomberg, North America, Business

☆ McKinsey is offering some staff 9 months of pay and career coaching services to leave the firm: report
▼ + stars: | 2024-04-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

McKinsey is reportedly offering some managers money and career coaching services to leave the firm. Staff would also have access to McKinsey's resources and career coaching services. AdvertisementManagement consulting giant McKinsey is dangling career coaching services and nine months worth of pay to staff keen on leaving the firm, British newspaper The Times reported on Saturday. Besides continuing to receive their salary, managers would also have access to McKinsey's resources and career coaching services, per The Times. According to the outlet, employees who receive such ratings have around three months to improve their performance, or they'll be "counseled to leave" McKinsey.

Persons: —, Bloomberg — amping Organizations: McKinsey, Staff, Service, Management, British, The Times, McKinsey's, Times . Staff, Times, Bloomberg, Business Insider

☆ We're trimming our largest position after a big run and a tech giant that has tested our patience
▼ + stars: | 2024-04-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Shortly after the opening bell, we will be selling 265 shares of Disney at roughly $122.60. Given the more-than-50% run Disney shares have had from their October 2023 lows, we think it is prudent to trim and move our rating down to a 2, meaning wait for a pullback before buying more. We're also paring back our position in Google parent Alphabet now that the stock has recovered from its fourth-quarter earnings pullback . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Bob Iger's, It's, Nelson, —, Jim Cramer, We're, Jim, Claude, Alphabet's, Bloomberg — Organizations: Disney, Dow Jones, DIS, Apple, Bloomberg, CNBC, New York Stock Exchange, View Press, Getty Locations: New York

☆ Apple's iPhone China shipments in February look even worse than estimated
▼ + stars: | 2024-03-26 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple's iPhone shipments in China have fallen again, government data show. Apple shipped roughly 2.4 million smartphones in February — a 33% drop from 2023, per Bloomberg. AdvertisementThe latest iPhone data out of China imply Apple's still having a tough time in one of its biggest markets. Counterpoint Research, in its report released in early March, estimated that iPhone sales in China had dropped by 24% in the first six weeks of the year. "In essence, Apple needs China, and China needs Apple."

Persons: —, Apple's, That's, it's, Dan Ives, Nicole Peng, Peng, Tim Cook, Ives Organizations: Apple, Bloomberg, Huawei, Service, China Academy of Information, Communications Technology, Counterpoint Research, Wedbush Securities, EU, China, Forum, CCP, Business Locations: China, Shanghai, Beijing

☆ State of macro: Hedge funds Point72 and Pan Capital are adding talent, while Schonfeld, Brevan, and Walleye cut back
▼ + stars: | 2024-03-26 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewIn what has been billed to be the year of macro, hedge funds are taking diverging paths on the sector. This story is available exclusively to Business Insider subscribers. Related storiesTwo people familiar with the changes told Business Insider that Jaime Villa, Schonfeld's head of macro research, is no longer with the asset manager. And despite the popularity the strategy might have with allocators at the moment, funds are still quick to cut underperformers. Brevan Howard, one of the biggest macro players in the world, cut dozens of investors earlier this month after its biggest loss on record in February.

Persons: —, Chris Rokos, Jaime Villa, Schonfeld's, Villa, Colin Lancaster, Mitesh, Jerome Sargoussi, Eisler, Raj Sethi, Brevan Howard, Steve Cohen's Point72, Mo Grimeh, Bloomberg —, Grimeh, Brett Gardocki — Organizations: Service, Federal, Business, Pimco, KKR, SPX, Walleye, Bloomberg, Millennium, Pan, Former Walleye Locations: Schonfeld's London, New York, Minnesota, Stamford, Houston, Hong Kong

☆ Thousands of employees at tech giant SAP signed a petition saying they feel 'betrayed' by the company's 'radical' return-to-office U-turn
▼ + stars: | 2024-02-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +1 min

Employees at the German software giant SAP are revolting against its return to office policies. Thousands of staff signed an internal letter that said they were "betrayed" by the firm's "radical" pivot. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementGerman software giant SAP recently announced a return to office mandate, which has been met with backlash by thousands of employees, Bloomberg reported Wednesday . Over 5,000 SAP employees have signed a letter posted internally — and viewed by Bloomberg — criticizing the company's RTO policies and have threatened to quit as a result.

Persons: —, Bloomberg — Organizations: SAP, SAP's, Service, Bloomberg, Works Council, Business

☆ The world's most accurate economist has already been proven correct about China this year. Here's what he says will happen next as the nation continues 'exporting deflation.'
▼ + stars: | 2024-01-25 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

Considering how well the US market and economy performed in 2023, it's understandable that domestic investors would be optimistic about 2024. But on the other side of the globe, trouble has been brewing in China for some time now. On the surface, the world's second-largest economy seemed reasonably healthy last year, with Chinese GDP rising 5.2% year-over-year. The problems in China continue to growOf the many risks investors face this year, geopolitics consistently ranks as the one they fear the most . "In terms of negative surprises, I'm really keeping an eye on China and the fact that they're clearly experiencing some kind of deflation," he said.

Persons: Christophe Barraud, Barraud, Bloomberg —, I'm, That's, It's Organizations: Bloomberg, Market Securities, Business Locations: China

☆ Jeff Bezos 'aggressive' again Tuesday selling more Amazon stock after unloading shares last week, sources say
▼ + stars: | 2023-11-21 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Jeff Bezos is expected to be "aggressive" in selling more shares of Amazon on Tuesday, sources told CNBC's David Faber. Bezos may sell as many as 8 to 10 million shares, which would amount to more than $1 billion worth of stock, the sources told Faber. Shares of Amazon are down about 2.6%. It comes after Bezos last week unloaded about $240 million worth of Amazon shares, according to financial filings. WATCH: Here's why Jeff Bezos is leaving Seattle for Miami

Persons: Jeff Bezos, CNBC's David Faber, Bezos, Faber, Bezos didn't, Bezos —, Bloomberg —, Lauren Sanchez, Sanchez Organizations: Amazon, Bloomberg, Fund, Seattle, Miami Locations: Maui, Seattle, Miami

☆ Elon Musk wants users' 'entire financial life' on X by the end of 2024
▼ + stars: | 2023-10-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

X owner Elon Musk expects the platform to roll out financial features by end-2024, The Verge reported. AdvertisementAdvertisementElon Musk expects X to roll out financial features by the end of next year, The Verge reported on Friday. During the all-hands call, Musk said he wants "someone's entire financial life" on the platform so people wouldn't need a bank account. It'll be on our platform — money or securities or whatever," he said. AdvertisementAdvertisementMusk's projected timeline for X to roll out financial services comes a year after Musk acquired Twitter for $44 billion.

Persons: Elon Musk, Musk's, —, Elon, X, Twitter —, Musk, It'll, Bloomberg —, Kali Hays, WeChat Organizations: Service, Twitter, Bloomberg Locations: China

☆ Mark Meadows quietly testified that he told Trump the election wasn't being stolen, reports say. But his book still pushed election fraud claims.
▼ + stars: | 2023-10-25 | by ( Sarah Gray | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Unnamed sources familiar with the situation told ABC News and Bloomberg that Meadows testified before a federal grand jury hearing evidence in the election interference probe. It was not clear what Terwilliger told ABC News was inaccurate. Both ABC News and Bloomberg reported that Meadows told the grand jury he had informed Trump in the immediate aftermath of the 2020 election that claims of mass election fraud were baseless. AdvertisementAdvertisementMeadows also doubled down on the election fraud claims well after he and Trump left the White House, despite what the recent reporting says he told the grand jury. CNN noted that Meadows wrote in the book he did try to explain to Trump how he lost the election.

Persons: Mark Meadows, Jack Smith's, Meadows, Trump, —, Donald Trump's, Bloomberg —, George Terwilliger, Terwilliger, Bill Barr, who's, Alfred Hitchcock, Jenna Ellis, Sidney Powell, Kenneth Chesebro Organizations: ABC News, Bloomberg, Service, White House, CBS, ABC, White, CNN, Trump Locations: Georgia

☆ How much is Hulu worth? As Disney gears up to buy Comcast's share of the streamer, analysts say Bob Iger may have to pay a hefty price.
▼ + stars: | 2023-09-05 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

When it comes to Hulu, value is in the eye of the holder. However, Comcast claims Hulu is worth double what Disney is saying, according to Bloomberg — even in a tough media environment. "It's what would a willing buyer in a robust auction pay," Roberts said of Hulu's valuation at a MoffettNathanson conference in May. Another way to value Hulu is by comparing its EV-to-subscriber ratio with that of Netflix. By buying all of Hulu, Disney can position itself for the next big trend in media, Noell said.

Persons: Bob Iger, Bloomberg —, Peacock, Brian Roberts, Roberts, financials, maven, Hulu, Tim Nollen, Netflix's, Nollen, Iger, Matthew Thornton, who's bullish, Barton Crockett, Crockett, Brandon Nispel, Nispel, Jason Bazinet, Bazinet, Davis Noell, Noell Organizations: Disney, Comcast, Hulu, Bloomberg, Wall Street, Macquarie, Netflix, Rosenblatt Securities, Citigroup, Star Wars, Marvel, Providence Equity Partners Locations: Hulu

☆ Harvard expert: Elon Musk's Twitter rebrand shows he's 'out of his element' there—'I don't think he understands social media'
▼ + stars: | 2023-07-27 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Elon Musk's Twitter rebrand suggests that he's "totally out of his element," says Harvard leadership expert Bill George. Musk announced his decision to abandon the 16-year-old Twitter brand Sunday, opting for the new name and logo, X. George, who's studied effective leadership and leadership failures over the past two decades, says Musk's modifications to the platform are a "big mistake." In contrast, running a social media company may require a high level of interpersonal skills, which Musk's own brother says he lacks. "Now, that he has the [new] CEO of Twitter, he needs to let her restore what Twitter was, so [users and] advertisers come back," George says.

Persons: Elon, Bill George, George, Musk, Parag Agrawal, who's, —, Bloomberg —, Tesla, Berkshire Hathaway, Warren Buffett, George agrees, Linda Yaccarino Organizations: Twitter, Harvard, Harvard Business School, CNBC, Bloomberg, SpaceX, NASA, U.S ., Berkshire Locations: Elon Musk's

☆ Why Eric Adams Issued His Second-Ever Veto Over Housing Bills
▼ + stars: | 2023-06-23 | by ( Emma G. Fitzsimmons | ) www.nytimes.com time to read: +2 min

Why It Matters: The mayor and the City Council have disagreed about how to address New York’s housing crisis. New York City is facing a housing crisis with soaring rents and record homelessness. Mr. Adams has received criticism from housing advocates for not moving quickly enough to create affordable housing, for supporting rent increases and for clearing homeless encampments. This one is the first by Mr. Adams since January 2022, when he vetoed a bill that would have increased penalties for zoning violations. But the mayor could sue the City Council to stop the laws — a tactic used by former Mayor Michael R. Bloomberg — or the City Council could sue the mayor if he chooses not to implement them.

Persons: Adams, Jonathan Westin, “, Mr, Bill de Blasio, Kathryn Wylde, ”, Michael R, Bloomberg —, Mihir Zaveri Organizations: City, Families Party, City Council, Mr, Partnership, New, Bloomberg Locations: New York City, New York, “

☆ Meet Jensen Huang, the 60-year-old cofounder of chipmaker Nvidia, whose wealth has more than doubled this year to nearly $35 billion thanks to the AI boom
▼ + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Nvidia CEO and cofounder Jensen Huang's fortune soared by almost $7 billion billion last week to hit nearly $35 billionJensen's Huang net worth surged last week on the back of a boost in Nvidia's stock price. Consequently, Nvidia CEO Jensen Huang's net worth soared by almost $7 billion last week, per Bloomberg Billionaires Index. The stock extended its gains on Friday, sending Huang's net worth to touch nearly $35 billion. Huang owns 86.9 million Nvidia shares, or about 3.5% of the Santa Clara-based chipmaker, per the company's 2023 annual report. So far this year, Huang's net worth has risen by $21.1 billion, per Bloomberg — now making him the 37th richest person in the world.

PacWest plunges as banking woes spreadThe regional banking sector is teetering again, with PacWest’s stock plummeting more than 35 percent in premarket trading, despite the Fed chair Jay Powell’s assessment that the worst is over. The Los Angeles-based lender confirmed that it was talking to potential investors following reports that it was exploring a sale. Investors may be feeling some déjà vu after witnessing two big bank failures, and billions in market value wiped out, since the collapse of Silicon Valley Bank in March. It’s not just PacWest in free-fall. News of a potential PacWest sale, first reported by Bloomberg — and confirmed by DealBook — came just hours after Mr. Powell declared that the banking system was “sound and resilient.”

☆ IBM halts hiring for 7,800 jobs that could be replaced by AI, Bloomberg reports
▼ + stars: | 2023-05-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

IBM will slow or suspend hiring for back-office roles that AI could replace. IBM's CEO told Bloomberg 7,800 jobs, roughly 30% of back-end roles, would be replaced over 5 years. Roles in human resources and non-customer-facing jobs will be impacted. IBM, the international computing giant headquartered in New York, is halting hiring in its non-customer-facing roles that could be replaced by artificial intelligence, Arvind Krishna, the company's CEO, told Bloomberg. "I could easily see 30% of that getting replaced by AI and automation over a five-year period," Krishna told Bloomberg — a figure which represents roughly 7,800 jobs.

☆ Morgan Stanley's stock chief says a signal that flashed before the 2000, 2008, and 2020 market crashes is once again glaring red — and that big declines are still ahead for the S&P 500
▼ + stars: | 2023-02-11 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Forward earnings growth is now negative, Morgan Stanley's Mike Wilson points out. In a February 6 note to clients, Morgan Stanley's Chief US Equity Strategist Mike Wilson reiterated his call that the S&P 500 hasn't seen a bottom yet. Wilson highlights this pattern in the chart below, showing forward EPS growth (yellow line) alongside S&P 500 price action (blue line). "History shows price downside is in front of us, not behind us," the chart's title reads. Morgan StanleyWilson said in December that he sees the S&P 500 bottoming between 3,000-3,300 in the first quarter before recovering to 3,900 later this year.

☆ Apple's long-rumored headset is reportedly getting a new name for its software: 'xrOS'
▼ + stars: | 2022-12-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple's mixed-reality headset will rename its operating software to 'xrOS,' Bloomberg reports. The tech giant's headset will be its newest product group since the Apple Watch was released. The mixed-reality operating system will encompass new versions of popular Apple apps like Messages and Maps, Bloomberg reported. In addition to the software, Apple may also name the headset hardware "xrOS, "Bloomberg reported, citing trademark applications from Deep Dive, a shell company that may be owned by Apple. The Apple headset could rival similar products like Meta's Quest Pro, Facebook's Oculus Quest, and Sony's Playstation VR headset, as major tech companies vie to lay claim to the metaverse.

☆ Netflix's new ads plan could drive $3.5 billion in revenue by 2027, but it may not stop the streamer from bleeding subscribers
▼ + stars: | 2022-10-18 | by ( Elaine Low | ) www.businessinsider.com time to read: +3 min

Netflix is rolling out an ad-supported tier later this year for a reported $7-$9 a month. But some analysts expect the ad tier to cannibalize existing subscribers, particularly in the US and Canada. Netflix's decision to build a cheaper ad tier for its service marks a reversal from the company's longtime stance against advertising. It came as the streamer's stock has tanked, subscriber growth in the key North American market has slowed substantially, layoffs have shaken morale, and Netflix's creative decision-making has become more "fear based," according to insiders. MoffettNathanson isn't the only firm that expects the new ad-supported tier to cannibalize existing subscribers, particularly in the US and Canada.

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