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☆ Druckenmiller says he bought five Argentinian stocks, praises Javier Milei's policies
▼ + stars: | 2024-05-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"The only free market leader in the world right now, bizarrely, is in Argentina of all places," Druckenmiller said. Milei took office in December, promising economic reforms after Argentina was hit hard by inflation. I bought all of them, we did some work on them, I increased my positions," Druckenmiller said. ARGT 1D mountain The Global X MSCI Argentina ETF rose on Tuesday morning. The Global X MSCI Argentina ETF (ARGT) , which includes many of the stocks listed above, rose more than 1% in premarket trading Tuesday.

Persons: Stanley Druckenmiller, Druckenmiller, Javier Milei, Milei, Soros, Duquesne, it's Organizations: Economic, Duquesne Family, Grupo, Arcos, Banco BBVA Argentina, Mercadolibre, Grupo Financiero Galicia, Banco Locations: Argentina, Davos, U.S, Americas

☆ Coming Soon to Little Island: An Arts Festival With Powerful Backers
▼ + stars: | 2024-05-06 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

Little Island, the $260 million park on the Hudson River that opened in 2021, was imagined as a haven for innovation in the performing arts. But the park’s cultural offerings — mostly sporadic, one-off works — have so far fallen short of those ambitions. Now Barry Diller, the billionaire media mogul who paid for the park, is setting out to deliver on the original vision, financing a robust, four-month annual performing arts festival on Little Island, the park announced on Monday. The festival, one of the most ambitious artistic undertakings in New York City in recent years, will promote new work in music, dance, theater and opera. “I want people to enjoy the originality and adventure of Little Island,” Diller said.

Persons: Barry Diller, Scott Rudin, Diller, Twyla Tharp, Mozart’s, Figaro, Anthony Roth Costanzo, “, ” Diller Locations: Little, New York City

☆ When Prison and Mental Illness Amount to a Death Sentence
▼ + stars: | 2024-05-05 | by ( Glenn Thrush | Carlos Javier Ortiz | ) www.nytimes.com time to read: +1 min

Four men in black tactical gear pinned him, his face to the concrete, to cuff his hands behind his back. “I didn’t do anything,” Mr. Johnson moaned as they pressed a shield between his shoulders. Mr. Johnson, 21 and serving a short sentence for gun possession, was in the throes of a mental collapse that had gone largely untreated, but hardly unwatched. But for the previous three weeks, Mr. Johnson, who suffered from bipolar disorder and schizophrenia, had refused to eat or take his medication. Most dangerous of all, he had stealthily stopped drinking water, hastening the physical collapse that often accompanies full-scale mental crises.

Persons: Markus Johnson, Mr, Johnson moaned, Johnson Organizations: Danville Correctional Center Locations: Danville, Chicago

☆ Murders, imprisonment and violence: Threats to press freedom grow in Latin America
▼ + stars: | 2024-05-03 | by ( Esteban Campanela | Sol Amaya | ) edition.cnn.com time to read: +13 min

These are just the tip of the iceberg of the challenges faced by many media workers in Latin America, where experts say the status of press freedom is increasingly worrisome. The Prosecutor’s Office confirmed in a press conference that they believed the crime was linked to his journalistic work. Last week, the Mexican president criticized the US State Department’s report on human rights in the world, which refers to concerns over press freedom in Mexico, saying that US authorities should “be respectful”. In a publication in social network X, Cuban Foreign Minister Bruno Rodríguez said US officials are not concerned about the human rights of Cubans and that the United States has its own human rights violations. Nicaragua: Ortega-Murillo regime targets journalismHarassment of the press in Nicaragua has been widely reported on numerous occasions.

Persons: CNNE, Francisco Cobos, ”, Cobos, Andrés Manuel López Obrador, López Obrador, Enrique Peña Nieto, Felipe Calderón, Lourdes Maldonado López, Maldonado López, Séptimo Día, Roberto Figueroa, Xochitl Zamora, Lourdes Maldonado, Maldonado ´, Marco Ugarte, AP López Obrador, Andres Oppenheimer, Javier Milei, Lopez Obrador, Abraham Jimenez, Jimenez, civically, “, Miguel Diaz, Yamil Lage, Jiménez, Bruno Rodríguez, Ortega, Murillo, Juan Lorenzo Hollman Chamorro, Hollman Chamorro, Chamorro, Carlos Fernando Chamorro, Rosario Murillo, … provocateurs, Chávez, Vos, Chavez, ” Edgar López, López, Juan Pablo Lares, Maximiliano Bruzual, Ariana Cubillos, Nicolas, Maduro’s, Yván Gil, ” Jeannine Cruz, Gustavo Petro, Nayib Bukele, Gonzalo Zegarra, Rey Rodríguez, Manuela Castro, Ana María Cañizares, Ivonne, José Álvarez, Elvin Sandoval, Iván, Sarmenti, Español Organizations: CNN, Amnesty International, Protect Journalists, Univision, Televisa, Prosecutor’s, AP, CIA, Canel, Getty, Cuban Foreign, La Prensa, National Police, ”, El, Regional, Democracy, Nicaraguan, State Department, National College of Journalists, Venezuelan, TC Television, Communication, “ Locations: Mexico, Cuba, Venezuela, Nicaragua, Latin America, Mexican, American, Tamaulipas, McAllen , Texas, Tijuana, Morelos, Tijuana , Mexico, Spain, Cuban, Havana, AFP, United States, Costa Rica, El Confidencial, Managua, NIcaragua, Sur, Washington, Venezuelan, “, Caracas, ”, Ecuador, Guayaquil, America, Argentina, Colombian

☆ Pedro Sanchez: Spanish PM refuses to quit, vowing to fight ‘unfounded’ attack on his wife
▼ + stars: | 2024-04-29 | by ( Al Goodman | Jack Guy | ) edition.cnn.com time to read: +5 min

“I have decided to continue, with more force if possible, as the head of the Spanish government,” the 52-year-old prime minister said. Sanchez thanked his Spanish Socialist Party members for their support. Manos Limpias acknowledged on the same day that it had relied on press reports for its court complaint. Javier Soriano/AFP/Getty ImagesSanchez’ Socialist party performed strongly in recent regional elections in Spain’s northern Basque region. Sanchez became prime minister in 2018 after winning a no-confidence vote against the conservative Mariano Rajoy.

Persons: Pedro Sanchez, Begoña Gomez, Sanchez, Gomez, Manos Limpias, “, ”, it’s, Gomez “, Manos, General’s, Hazte, Javier Soriano, Mariano Rajoy, “ Pedro, –, we’ve, Español’s Pau Mosquera Organizations: CNN, Spanish, Spanish Socialist Party, Madrid, Superior Court of Justice, AFP, Getty, Socialist, Socialist Party, Español, Español’s Locations: Madrid, Spanish, Spain’s, Basque, Catalonia, Ukraine, Kyiv, Spain, ”

☆ Rolls-Royce is growing its factory so it can build cars more slowly
▼ + stars: | 2024-04-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.

Persons: Royce, “ We’re, ”, Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry

☆ Why a Brazilian UFC star is championing a dead Austrian economist
▼ + stars: | 2024-04-28 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.

Persons: Renato Moicano, “, Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, ”, Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, “, Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America

☆ How Argentina's inflation fight made the peso the strongest currency in the world
▼ + stars: | 2024-04-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The Argentine peso has jumped 25% in three months against the dollar in one key exchange market. AdvertisementArgentina's President Javier Milei still hasn't dollarized the economy as promised, but he has managed to do something that's possibly more shocking: strengthen the peso. This currency has been one of 2023's most devalued tenders, and yet it's now become the top currency against the dollar. In the past three months, the peso has surged 25% in the blue-chip swap market, one of Argentina's key foreign exchanges. It's also ironic that Milei has come to lead the peso out of tougher times, given his loud disdain for the currency last year.

Persons: Javier Milei's, —, Javier Milei, he's, It's, Milei Organizations: Argentine, Service, Bloomberg, Financial Times Locations: It's, Argentine, greenbacks

☆ Japanese yen hits fresh 34-year low despite verbal intervention from authorities
▼ + stars: | 2024-04-25 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

In this article JPY= Follow your favorite stocks CREATE FREE ACCOUNTThe Japan flag is juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty ImagesThe yen slipped past 155 against the U.S. dollar on Thursday, touching a new 34-year low against continued strength in the greenback. The weakness comes as the Bank of Japan is due to release its monetary policy decision Friday and in spite of verbal warnings from Japanese authorities. Some market watchers had speculated that the 155 level would prompt intervention after the currency languished at multi-decade lows for a month. The yen has weakened 4.2% since the BOJ's March meeting, worrying Japanese authorities and investors.

Persons: Javier Ghersi, Shusuke Yamada, Jerome Powell, Appio Organizations: U.S, Bank of Japan, BofA Securities, Federal, First Eagle Investments, CNBC, Korean Locations: Japan, South Korea

☆ Tens of thousands protest as Milei’s austerity measures hit Argentina’s public universities
▼ + stars: | 2024-04-24 | by ( Abel Alvarado | ) edition.cnn.com time to read: +3 min

CNN —More than a hundred thousand protesters took to the streets of Buenos Aires and other cities in Argentina Tuesday to demand President Javier Milei increase funding for public universities. The University of Buenos Aires (UBA) said in a statement that around 800,000 people took part in the protests in Buenos Aires, while Milei’s government claimed there were 150,000 protesters, according to local media. Milei’s government has defended its decision to freeze the 2023 budget for public universities, announcing increases only in operating expenses, which according to the UBA account for just 15% of spending needs. Students, teachers and political leaders take part in a march against budget cuts to universities in Buenos Aires on April 23. In January, labor unions organized a nationwide general strike against austerity measures and reforms, and thousands took to the streets to protest.

Persons: Javier Milei, Milei, ”, Luciano Gonzalez, ” Milei Organizations: CNN, University of Buenos, Anadolu Agency, Getty, Ministry, Argentina Catholic University, Argentina national Locations: Buenos Aires, Argentina, University of Buenos Aires, Argentine

☆ Pedro Sanchez: Spanish leader says he will ‘reflect’ on whether to remain prime minister, as court probes wife
▼ + stars: | 2024-04-24 | by ( Al Goodman | ) edition.cnn.com time to read: +2 min

Madrid CNN —Spanish Prime Minister Pedro Sanchez announced Wednesday that he was cancelling his public duties until next week to “reflect” on whether to continue leading the government, just hours after a Spanish court said it had opened a probe against his wife. In the surprise move, Sanchez said on X that he would announce his decision on whether to remain as prime minister next Monday, in an appearance before the news media. Sanchez said “I need to stop and reflect” about “if I should continue leading the government” or step down. Sanchez, head of Spain’s Socialist Party, leads a coalition government with a narrow parliamentary majority. And a poll predicts the Socialist Party will also fare better than conservatives and the far right in regional elections in Catalonia next month around Barcelona.

Persons: Pedro Sanchez, Sanchez, Begoña Gomez, “, Manos, ” Sanchez, Begoña Gomez “, Javier Maroto, Spain’s Organizations: Madrid CNN, Spanish, Wednesday, Madrid, Superior Court, Justice, Spain’s Socialist Party, Popular Party, Socialist Party, Vox Locations: Madrid, Basque, Catalonia, Barcelona

☆ Ahmad Vahidi: Argentina seeks arrest of Iranian minister over 1994 bombing of Jewish community center
▼ + stars: | 2024-04-24 | by ( Abel Alvarado | Mauricio Torres | ) edition.cnn.com time to read: +2 min

CNN —Argentina is seeking the arrest of Iran’s Interior Minister Ahmad Vahidi for allegedly being one of the perpetrators of the 1994 bombing of a Jewish community center in the capital Buenos Aires. The Argentine Foreign Ministry said in a statement Tuesday that, at its request, Interpol had issued a red notice for Vahidi’s arrest over the bombing of the Argentine Israelite Mutual Association (AMIA). The aftermath of the bomb attack at the AMIA center in Buenos Aires on July 18, 1994. Diego Levy/Bloomberg/Getty ImagesThe 1994 attack – the worst in Argentina’s history – killed 85 people and injured about 300. “Thank you to President (Javier) Milei and Foreign Minister Diana Mondino for the request to issue an order for his arrest for the attack against the Jewish community,” he wrote.

Persons: Ahmad Vahidi, Vahidi, Diego Levy, –, Nasser Kanaani, ”, Israel Katz, Argentina’s, Javier, Milei, Diana Mondino, “, Ayatollah Ali, Khamenei Organizations: CNN —, Argentine Foreign Ministry, Interpol, Argentine Israelite Mutual Association, CNN, Español, Bloomberg, Getty, Iran’s Foreign, ” Israel’s Locations: CNN — Argentina, Buenos Aires, Argentina, Iran

☆ Trump meets with foreign leaders looking to boost their relationships with GOP leader ahead of election
▼ + stars: | 2024-04-24 | by ( Alayna Treene | Steve Contorno | ) edition.cnn.com time to read: +10 min

In recent weeks, Trump, seizing the role of both an erstwhile diplomat and ascending opposition party leader, has extended welcomes to a series of foreign leaders at his homes in Florida and New York. It’s not unusual for foreign leaders to meet with the leader of the party that doesn’t control the White House – especially one with a serious chance of becoming commander in chief. Biden and his top envoys have also met and spoken with opposition leaders, something that has been a longstanding practice for US officials. Last week, Trump met with Poland’s Duda at Trump Tower, where the two discussed NATO spending over dinner. Trump, both while president and during his 2024 campaign, has called on NATO countries to spend more on defense.

Persons: Donald Trump, hasn’t, Trump, Andrzej Duda, David Cameron, Saudi Crown Prince Mohammed bin Salman, Taro Aso, It’s, Sen, Barack Obama, Mitt Romney, Biden, Sviatlana Tsikhanouskaya, Antony Blinken, Keir Starmer, Joe Biden, “ They’re, he’s, “, Vladimir Putin, Xi Jinping, ” Biden, ”, Kim Jong Un, ” Trump, Brian Hughes, Viktor Orban, Putin, Javier Milei, Orban, Viktor Orbán, Orbán, Aso, Fumio Kishida, Kishida, Lindsey Graham, Salman, King Hamad bin Isa Al Khalifa, Poland’s Duda, Duda, meanwhile, Cameron, Karen Pierce, Cameron’s, Pierce didn’t, Queen Elizabeth II Organizations: CNN, Air Force, British, Saudi Crown, Middle East, Republican, UK Labour Party, US State Department, Biden, Trump, NATO, Conservative Political, Japanese, White, Liberal Democratic Party, Saudi, New York Times, South Carolina Republican, Hamas, The New York Times, Trump Tower, Republicans, Democrats, UK Locations: House, huddling, Florida, New York, Lago, Manhattan, Japan, China, North Korea, Berlin, United Kingdom, Israel, Poland, Belarus, Munich, Europe, America, Ukraine, Korean, United States, Palm, Saudi Arabia, Bahrain, American, Russia, British, Washington

☆ La Liga branded ‘embarrassing’ by Barcelona for lack of goal-line technology in Real Madrid’s controversial El Clásico win
▼ + stars: | 2024-04-22 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Barcelona manager Xavi and goalkeeper Marc-André ter Stegen have labeled La Liga “embarrassing” for its lack of goal-line technology after the team was denied what it thought was a legitimate goal in Sunday’s 3-2 El Clásico defeat by Real Madrid. The camera angles provided by VAR were inconclusive – including one looking directly down the goal line that was blocked by Lunin’s body – meaning Soto’s original decision stood. According to FIFA, goal-line technology can notify a referee within “a second” if the whole of the ball has crossed the line. Barcelona's German Marc-Andre ter Stegen called La Liga's lack of goal-line technology 'embarrassing.' “I can’t find the words to explain what happened on the goal line,” Ter Stegen told reporters, per ESPN.

Persons: Xavi, Marc, André ter, Vinícius, Andreas Christensen’s, Lamine, Andriy Lunin, César Soto’s, Javier Tebas, “, ”, German Marc, Andre ter Stegen, Javier Soriano, ” Tebas, Lucía Taboada, El, Jude Bellingham, ” Ter Stegen, ” Xavi, Jude Bellingham's, David Ramos, Carlo Ancelotti, Ter Stegen Organizations: CNN —, Liga, Real Madrid, Barca, La Liga, FIFA, AFP, Getty, Liga didn’t, Diario AS, ” Real Madrid, ESPN, Real, Forbes Locations: CNN — Barcelona, Sunday’s, Spanish, German, La, Barcelona

☆ Philharmonic Opens Inquiry After Misconduct Allegations Are Revived
▼ + stars: | 2024-04-18 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

The New York Philharmonic, which has been facing an uproar since a recent magazine article detailed allegations of misconduct against two players it tried and failed to fire in 2018, said on Thursday that it was commissioning an outside investigation into its culture. Gary Ginstling, the Philharmonic’s president and chief executive, said in a letter to musicians, staff members and board members that the organization had hired an outside lawyer, Katya Jestin, a managing partner of the law firm Jenner & Block, to “launch an independent investigation into the culture of the New York Philharmonic in recent years.”“I am empowering Katya to look at everything and to leave no stone unturned, including any new allegations as they are reported,” Mr. Ginstling wrote. The decision came after a report last week in New York magazine detailed accusations of misconduct made in 2010 against the players, the associate principal trumpet, Matthew Muckey, and the principal oboist, Liang Wang.

Persons: Gary Ginstling, Katya Jestin, Jenner, ”, Katya, ” Mr, Ginstling, Matthew Muckey, Liang Wang Organizations: New York Philharmonic Locations: New York

☆ LVMH's report could've been a lot worse, says Javier Gonzalez Lastra
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLVMH's report could've been a lot worse, says Javier Gonzalez LastraJavier Gonzalez Lastra, Investment Partner and Portfolio Manager at Tema Luxury ETF, discusses earnings from LVMH.

Persons: could've, Javier Gonzalez Lastra Javier Gonzalez Lastra Organizations: Investment

☆ Philharmonic Sidelines 2 Players It Tried to Fire for Misconduct
▼ + stars: | 2024-04-15 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

The New York Philharmonic said on Monday that two players it had tried to fire in 2018 — but was forced to rehire after the musicians’ union challenged their dismissal — would not take part in rehearsals or performances for the time being after a magazine article detailed the allegations of misconduct that had been made against them. The Philharmonic said that the players — the principal oboist, Liang Wang, and the associate principal trumpet, Matthew Muckey — would not appear as the orchestra deals with the fallout from a New York magazine article published on Friday. In the article Cara Kizer, a former Philharmonic horn player, came forward for the first time to publicly discuss an encounter that occurred when she was on tour with the Philharmonic in Vail, Colo., in 2010. She told the Vail Police Department then that she had been sexually assaulted after spending the evening with the two players and was given a drink she came to believe was drugged, according to police records. No charges were filed against the men and both have denied wrongdoing; their lawyers said they expect to return to the ensemble soon.

Persons: Liang Wang, Matthew Muckey —, Cara Kizer Organizations: New York Philharmonic, Philharmonic, New, Vail Police Department Locations: New York, Vail , Colo

Iran has warned that it will respond with “stronger and more resolute” actions if Israel retaliates over this weekend’s strikes, according to Tehran’s ambassador to the United Nations. Biden will also meet with G7 leaders on Sunday “to coordinate a united diplomatic response to Iran’s brazen attack,” according to a statement released by the White House. US defensive assets moved to the region earlier this week and “helped Israel take down nearly all of the incoming drones and missiles,” according to the statement. US forces intercepted more than 70 one-way attack drones and at least 3 ballistic missiles Iran fired toward Israel, according to two US official familiar with the situation. US fighter jets were also part of the US’ response to Iran’s attack on Saturday and shot down drones launched towards Israel, another US official told CNN.

Persons: Israel, Benjamin Netanyahu, Joe Biden, Iran –, “, ”, Biden, Netanyahu, Jordan, ” CNN’s Nic Robertson, –, Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani, Ayatollah Ali Khamenei, Ebrahim Raisi, IRNA, ” Israel, General Mohammad Reza Ashtiani, Iran’s, António Guterres, Josep Borrell, Rishi Sunak, Javier Milei, Manuel Adorni, CNN’s Paul Murphy Organizations: CNN, Israel, United Nations, Iran, White House, US Navy, US, Revolutionary Guards, Iran’s Defense, Foreign Ministry, UN, British Locations: Iran, Syria, Israel, Republic, Haifa, Jordan, Iraq, Lebanon, Jerusalem, Tel Aviv, Gaza, Damascus, Baghdad, Lebanese, Quds, East, Europe, America, Saudi Arabia, Egypt, France, Netherlands, Austria, Czech Republic, Spain, Portugal, China, Beijing, Chile, Mexico, Denmark

☆ Meta considered paying users for data, lawsuit reveals. An economist said users should each get $5 a month for it.
▼ + stars: | 2024-04-09 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

AdvertisementMeta took issue with several parts of Economides' testimony, which remains under seal and had many specific references redacted from Meta's filing. In his testimony, Economides valued individual Facebook user data at least $5 a month per user, according to Meta's summation of it. In the present day, that would mean Meta paying out tens of billions each month for user data, as Zuckerberg said in fourth-quarter earnings that over 3.1 billion people use at least one Meta app each day. Meta disagreed and told the court that Economides' testimony was effectively "junk science" with "no real-world support" and should be thrown out. "No firm like Meta, in any market, has paid all its users as a competitive response—ever," lawyers for Meta wrote.

Persons: Meta, Mark Zuckerberg, Javier Olivan, Guy Rosen, Nicholas Economides, Economides, Zuckerberg, Kali Hays Organizations: Service, Facebook, Meta, Business, New York University, Google Locations: khays@businessinsider.com

☆ Brazilian President Lula indirectly calls out Elon Musk on climate crisis, further fueling tensions
▼ + stars: | 2024-04-09 | by ( Heather Law | Julia Vargas Jones | ) edition.cnn.com time to read: +3 min

New York CNN —Brazilian President Luiz Inácio Lula da Silva indirectly called out Elon Musk on the climate crisis on Tuesday, further increasing tensions between the country’s leaders and the billionaire businessman. Lula published the same comments in a post on X, the social media platform that Musk owns, further adding, “He will have to learn to live here. Lula’s comments come as tensions between Musk and Brazil steadily escalate. Brazilian Supreme Court Judge Alexandre de Moraes also announced he would open an inquiry into Musk. We are prohibited from saying which court or judge issued the order, or on what grounds,” the team wrote.

Persons: Luiz Inácio Lula da Silva, Elon Musk, Lula, Jorge Messias, Alexandre de Moraes, de Moraes, @Alexandre de Moraes, Musk, Moraes, “ brazenly, ”, Javier Milei, Jair Bolsonaro, Manuel Adorni, CNN’s Hanna Ziady, Duarte Mendonca, Ramishah Maruf Organizations: New, New York CNN, Union, Municipalities, Brazilian, Brazil ” Locations: New York, Mars, Brazil, Brazilian, Argentine, Texas, Brasilia, United States

☆ This AI stock could fall 50% and has an 'exaggerated artificial intelligence narrative,' Morningstar says
▼ + stars: | 2024-04-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Arm , the British semiconductor design company, has seen its share price skyrocket since reporting third-quarter earnings in February. However, Morningstar believes the current share price is overvalued and could drop by 54% to $57. Morningstar's price target for Arm, which the firm calls a fair value estimate, is $57 per share. The consensus price target of 31 analysts covering Arm polled by FactSet points to a 14% downside. The research firm has raised its price target for Arm to $160, representing 28% upside from current levels.

Persons: Morningstar, Javier Correonero, FactSet, Vijay Rakesh Organizations: Nvidia, Apple, ARM, Mar, CNBC Pro, Mizuho Securities, Morningstar, Mizuho

☆ From Miami to Melbourne, a quiet revolution is underway to fend off a silent and invisible killer
▼ + stars: | 2024-04-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Javier Torres | Afp | Getty ImagesA quiet revolution is underway to address a widely underestimated climate challenge: extreme heat. Myrivili said she believes that extreme heat is often overlooked because it lacks the visible drama of roofs being ripped from homes or streets being turned into rivers. Most people wouldn't know that in Australia, extreme heat kills more people than bushfires and floods and storms. Tiffany Crawford Co-chief heat officer of Melbourne, AustraliaThe CDC defines extreme heat as summertime temperatures that are significantly hotter and/or more humid than average. Melbourne, AustraliaTiffany Crawford, co-CHO of Melbourne, told CNBC that extreme heat kills more people in Australia than bushfires, floods and storms.

Persons: Javier Torres, Eleni Myrivili, CHO, Myrivili, Tiffany Crawford Co, Jane Gilbert, We've, Gilbert, Giorgio Viera, Afreen, Dhaka North's CHO, Bushra, Australia Tiffany Crawford, Crawford, Krista Milne, Diego Fedele Organizations: Afp, Getty, CNBC, Centers for Disease Control, CDC, Dade, Dhaka North, Dhaka North's, Nurphoto, Environmental, Station Locations: Quilpue comune, Valparaiso region, Chile, Athens, U.S, Australia, Melbourne, Miami, Miami , Florida, Dhaka, Bangladesh, Australian

☆ Meta tried to 'build a clone of Snapchat' using data from Onavo, unsealed court documents show
▼ + stars: | 2024-04-02 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

An analytics app Meta acquired a decade ago turned into a major source of inspiration for product and business decisions, including its work to "clone" Snapchat. Rosen is Meta's chief information security officer, while Tiger was vice president of engineering until he left Meta in 2022. For several years, Onavo was key to how Meta decided to acquire, launch, and change its products, according to over a dozen court documents unsealed last week in an ongoing lawsuit. After the acquisition, Facebook found through Onavo's data on messaging apps that Snapchat was a top five mobile app and WhatsApp had begun to outpace Facebook Messenger. The company was hailed for its tech that compressed data on mobile phones, allowing apps to run in the background without eating up user data.

Persons: Guy Rosen, Roi Tiger, Rosen, Tiger, Onavo, Meta, Mark Zuckerberg, Sheryl Sandberg, Mike Schroepfer, Chris Cox, Javier Olivan, Sandberg, Olivan, Cox, Facebook's, Colin Stretch, WhatsApp, Zuckerberg, Instagram, Snapchat, Stretch, Kali Hays Organizations: Meta, Facebook, Business, Onavo, YouTube, Olivan, TechCrunch Locations: Onavo, Davos, khays@insider.com

☆ Klaus Mäkelä, 28-Year-Old Finnish Conductor, to Lead Chicago Symphony
▼ + stars: | 2024-04-02 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

The Chicago Symphony Orchestra, which has been led for decades by conducting titans including Georg Solti, Daniel Barenboim and Riccardo Muti, announced Tuesday that its next music director would be Klaus Mäkelä, a 28-year-old Finnish conductor whose charisma and clarity have fueled his rapid rise in classical music. When he begins a five-year contract in 2027 at 31, Mäkelä will be the youngest maestro in the ensemble’s 133-year history, and one of the youngest ever to lead a top orchestra in the United States. Mäkelä, who will become music director designate immediately, said in an interview that he did not think his age was relevant, noting that he had been conducting for more than half his life, beginning when he was 12. “I don’t think about it,” he said. “Music doesn’t really have any age.”Mäkelä, who will also take over as chief conductor of the Royal Concertgebouw Orchestra in Amsterdam in 2027, said he was joining the Chicago Symphony because it has “that intensity — that same sound from the past.”

Persons: Georg Solti, Daniel Barenboim, Riccardo Muti, Klaus Mäkelä, Mäkelä, “, ”, ” Mäkelä Organizations: Chicago Symphony Orchestra, Royal Concertgebouw Orchestra, Chicago Symphony Locations: United States, Amsterdam

☆ Argentina and Colombia move to mend ties after Milei calls Petro a ‘terrorist murderer’ in CNN interview
▼ + stars: | 2024-04-01 | by ( Marlon Sorto | Heather Chen | ) edition.cnn.com time to read: +2 min

CNN —Argentina and Colombia say they have taken “concrete steps” to improve frayed relations between the two countries after far-right Argentine leader Javier Milei called his left-wing Colombian counterpart a “terrorist murderer” in a CNN interview. In a joint statement Sunday, the two nations’ foreign ministries said they had held talks under orders from Milei and Colombian President Gustavo Petro. The measures include the return of both countries’ respective ambassadors after Colombia last week expelled all Argentine diplomats from Bogota following Milei’s comments to CNN. “You can’t expect much from someone who was a terrorist murderer,” Milei said in the interview of Petro, a former guerilla who became Colombia’s first left-wing president in 2022. Colombia recalled its ambassador to Argentina in January following similar comments from Milei, Reuters reported.

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