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☆ Tesla's 'apocalypse-proof' Cybertruck thwarted by sand, snow, and regulator recalls
▼ + stars: | 2024-05-06 | by ( Camilo Fonseca | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.

Persons: —, hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian

☆ New Orleans Likes to Drink. They Spotted a Huge Recycling Opportunity
▼ + stars: | 2024-04-27 | by ( Cara Buckley | Annie Flanagan | ) www.nytimes.com time to read: +1 min

In early 2020, Franziska Trautmann and Max Steitz, then seniors at Tulane University, were spitballing ways to keep their glass out of the trash. For all of its imbibing, New Orleans didn’t offer curbside glass recycling. For Ms. Trautmann and Mr. Steitz, this wasn’t just galling, but a missed opportunity. “We underestimated how much demand there was,” Mr. Steitz, 27, said. Now, four years later, their company, Glass Half Full, is the only glass recycling facility in New Orleans.

Persons: Franziska Trautmann, Max Steitz, Trautmann, Steitz, ” Mr, ’ Organizations: Tulane University, Zeta Psi Locations: New Orleans, Crescent

☆ I'm a student at Yale, and we party more than you'd think. Here's what parties at the Ivy League are like.
▼ + stars: | 2024-04-12 | by ( Miles Kirkpatrick | ) www.businessinsider.com time to read: +5 min

Read previewLike most Yale students, I'm swamped. Despite the Ivy League's reputation as one big ivory tower, Yale students still love to throw a good party. Yale isn't a huge party school, but we still have partiesWhen choosing a school, the party scene wasn't very high on my priority list. This wasn't a medieval cloister; it was just what you'd expect from any college despite the Ivy League status. Related storyEven closer to campus is Toad's Place, a club that hosts Yale-only Wednesday night parties and is free on Saturdays with a Yale ID.

Persons: —, I've, aren't, that's Organizations: Service, Yale, Business, Ivy League, Sigma Chi, Chi Psi, Saybrook College, Saybrook

☆ UBS says the AI-driven tech rally 'still has room to run' as the sector is set to see explosive growth — and shares 2 trades to benefit from the upside potential
▼ + stars: | 2024-02-23 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

But can the momentum continue for AI stocks continue? But our estimates could prove to be conservative in light of recent developments like Open AI's text-to-video model Sora and management commentary from Nvidia," Marcelli said. Both Microsoft and Alphabet reported increased cloud revenue growth thanks to AI, and revenue from their AI models and applications should see significant growth in the next five years, she said. "Given the strong AI-related tailwinds, we see 18% year-over-year earnings growth in 2024 for the global tech sector, including information technology and internet," Marcelli said. 2 trades to ride the AI waveTo take advantage of further AI upside, Marcelli said UBS prefers two market subsectors: semiconductors and software.

Persons: Solita Marcelli, Marcelli Organizations: Nvidia, Business, UBS, UBS Americas, Microsoft, VanEck Semiconductor, Invesco Semiconductors, Software Sector, P Software & Services, Big Tech

Learn moreBusiness Insider Reviews has been covering the best pet products for more than five years. AdvertisementWhat types of pet products we coverFood: After hundreds of hours of interviews and research, we carefully selected the best cat foods and best dog foods. We also put dozens of litters to the test for our guides to the best cat litters and natural cat litter. Veterinarians and professional groomers also helped us narrow down the best dog toothpastes, dog dental chews, cat dental products, dog shampoos, and cat shampoos. Her article on pet anxiety in Pet Sitting Magazine was also nominated for The PSI Professional Pet Care Award.

Persons: We've, Ollie, we've, groomers, shampoos, Lisa Sabatini, Lisa, basset, JoAnna Pendergrass, JoAnna, Emory University's, Janelle Leeson, Janelle, Dodo, Shoshi Parks, Shoshi, Phoebe, Christy Caplan, Christy, Sherman, Walter, You'll, Jackie Brown, Jackie, Dr, Julie Liu, Liu, — Organizations: Health, Animal Association, Association of American, Business, Wall Street, JPen Communications, Virginia - Maryland College of Veterinary Medicine, Emory, Emory University's Yerkes, Primate Research, Insurance, Rover, Shop, USA, Freelance, Shoshi Parks, NPR, Smithsonian, Atlas Obscura, Portland Community College, Dog Writers Association of America, Animal Wellness, Product, Pet Health, Service Locations: Virginia, Shoshi, Oregon, Austin , Texas, Austin

☆ Ahead of Indonesia’s elections, critics slam Jokowi for nepotism and ‘dynastic politics’
▼ + stars: | 2023-11-20 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +7 min

Ulet Ifansasti | Getty Images News | Getty ImagesA year before stepping down as Indonesia's president, Joko Widodo is facing serious allegations of establishing a political dynasty through nepotism. The constitutional court, which was helmed by the president's brother-in-law Anwar Usman at that time, was widely criticized for changing the law, which enabled Jokowi's son to contest the election. Kompas Research and DevelopmentAccording to a poll in mid-October by Kompas Research and Development, 60.7% of respondents consider the participation of Jokowi's eldest son Gibran in the election as a form of dynastic politics. Son-in-law, Bobby Nasution Adding to Jokowi's political chessboard is also his son-in-law Bobby Nasution, the current mayor of Medan. The 'Jokowi effect'Analysts are now expecting what they call "a Jokowi effect" for the PSI and Gerindra parties.

Persons: Joko Widodo, Ulet Ifansasti, Joko, Gibran Rakabuming Raka, Prabowo Subianto, Gibran, Anwar Usman, Anwar, Kompas, Kaesang, Kaesang Pangarep, Bobby Nasution, Julia Lau, – Yusof, Jokowi's, Andi Widjajanto, Andi, Jokowi, Vedi Hadiz, Iriana Widodo, Gibran Rakbuming Raka, Lau, bode, Julia Lau ISEAS – Yusof Ishak, didn't, ISEAS – Yusof Organizations: Getty, Defence, Gerindra Party, Solo, Research, Kompas Research, Development, Indonesia Solidarity Party, PSI, Indonesia, Reuters, National Resilience Agency, Asia Institute, University of Melbourne, Afp, CNBC, Asia, Central Java, Indonesian Democratic Party of Locations: Jakarta, Indonesia, Ulet, Medan, Jokowi, Central Java, Afp, Southeast Asia, Ganjar

☆ Senate committee subpoenas Live Nation, Ticketmaster after months-long probe
▼ + stars: | 2023-11-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

In a statement Monday, Blumenthal said, "Live Nation has egregiously stonewalled my Subcommittee's inquiry into its abusive consumer practices — making the subpoena necessary." A Senate investigative subcommittee on Monday said it has issued a subpoena to Live Nation Entertainment and its Ticketmaster subsidiary for information regarding ticket pricing and fees after a months-long probe that had not been previously announced. A Live Nation spokesperson, in an email to CNBC, said, "Live Nation has voluntarily worked with the Subcommittee from the start, providing extensive information and holding several meetings with staff." Live Nation, an event promoter, and the ticket vendor Ticketmaster now control 70% of the market for tickets and live event venues after their merger more than a decade ago. The Senate Judiciary Committee this summer held a hearing about Live Nation and the lack of competition in event ticketing's primary and secondary markets.

Persons: Blumenthal, Sen, Richard Blumenthal, Conn, Michael Rapino, we've, Taylor Swift, Bruce Springsteen, Rapino, Amy Klobuchar Organizations: Nation Entertainment, Ticketmaster, CNBC, Investigations, Committee, CNBC PRO

Homeland Security, as well as companies that help identify counterfeit products such as Israel’s BrandShield. Fake weight-loss drugs will be a key focus in the agency’s annual counterfeit medicines report, due next year, the official said. “We have counterfeit products and stolen products,” the official said. "We will look online and if we find something that infringes (obesity drug trademarks) we'll get it taken down,” said Yoav Keren, BrandShield CEO. When a consumer buys those fakes, “what you get are expired drugs, counterfeit drugs, or nothing,” he added.

Persons: George Frey, Eli Lilly, BrandShield, Novo’s Ozempic, ”, Jim Mancuso, Mancuso, Europol, Novo, Lilly, “, Ozempic, Yoav Keren, MHRA, Eli, Mounjaro, Patrick Wingrove, Aurora Ellis Organizations: Novo Nordisk, Pharmacy, REUTERS, Novo Nordisk’s, Pharmaceutical Security Institute, drugmakers Novo Nordisk, Europol, Interpol, U.S . Homeland Security, U.S . Food, Drug Administration, U.S . Department of Homeland, Coordination Center, PSI, Medicines, Healthcare, Agency, Health Organization, Ireland’s, Products Regulatory Authority, Reuters, Thomson Locations: Provo , Utah, U.S, America, Europe, Germany, Egypt, Russia, North America

☆ US Senate issues subpoena to PIF subsidiary regarding PGA Tour deal
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of PGA Tour during the Canadian Open’s Championship Pro-Am after news was released of a new partnership between the PGA Tour and Saudi-backed LIV Golf circuit, at Oakdale Golf and Country Club in Toronto, Ontario, Canada June 7, 2023. REUTERS/Nick Lachance/File photo Acquire Licensing RightsSept 13 (Reuters) - The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday. The subpoena calls for the release of documents related to PIF's framework agreement with the PGA Tour and other investments throughout the United States, the U.S. Senate said in a news release. The announcement came ahead of Wednesday's hearing by the U.S. Senate Permanent Subcommittee on Investigations (PSI), which is expected to focus on PIF's investments and efforts to gain influence in the United States. "The Saudi's Public Investment Fund cannot have it both ways - if it wants to engage with the United States commercially, it must be subject to United States law and oversight," Senator Richard Blumenthal, chair of the PSI, said.

Persons: LIV, Nick Lachance, Richard Blumenthal, Blumenthal, Greg Norman, LIV Golf, Yasir al, Jamal Khashoggi, Frank Pingue, David Holmes Organizations: Tour, Canadian, PGA Tour, Oakdale, Country Club, REUTERS, U.S . Senate, Saudi Arabian Public Investment, PGA, Investigations, Public Investment, United, Senate, Saudi, LIV Golf, Washington Post, Thomson Locations: Saudi, Toronto , Ontario, Canada, United States, Washington, Saudi Arabia, Toronto

☆ Framework of PGA Tour-LIV golf deal released
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] May 25, 2023; Washington, DC, USA; Patrick Reed hits his tee shot on the ninth hole during the Pro-Am tournament as part of the LIV Golf Washington D.C. 2023 event at Trump National Golf Club outside Washington DC. The PGA Tour will have a permanent controlling interest in the subsidiary's board of directors, regardless of the Saudi investment, the framework says. The framework agreement also ends litigation between the two sides. The framework is likely to be a focus of a U.S. Senate panel on July 11 where Monahan, Al-Rumayyan and LIV Golf CEO Greg Norman have been invited to testify. He also wanted to know how any newly formed entity will be structured and operated, including how the PGA Tour intends to preserve its tax-exempt status.

Persons: Patrick Reed, Geoff Burke, LIV Golf, LIV, Yasir Al, Jay Monahan, Monahan, Greg Norman, Richard Blumenthal, Blumenthal, Chris Sanders, David Shepardson, Peter Rutherford Organizations: LIV Golf, Trump National Golf Club, Washington DC, USA, WASHINGTON, PGA Tour, Reuters, Saudi Arabia Public Investment Fund, Saudi Arabia's Public Investment, U.S, Senate, PGA, Saudi, Investigations, Thomson Locations: Washington, DC, USA, LIV Golf Washington, Saudi, Al, Washington . U.S

☆ US senator opens probe into PGA Tour, LIV Golf agreement
▼ + stars: | 2023-06-12 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Senator Richard Blumenthal on Monday asked the PGA Tour and LIV Golf for communications and records related to their planned merger. Blumenthal, a Democrat who chairs the Senate Permanent Subcommittee on Investigations (PSI), demanded details on how PGA Tour came to its agreement with LIV Golf and how any newly formed entity will be structured and operated, including how the PGA Tour intends to preserve its tax-exempt status. The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit, which had been involved in a bitter fight that split the sport, announced an agreement last week to merge and form one unified commercial entity. "PGA Tour’s agreement with (Saudi Arabian Public Investment Fund) regarding LIV Golf raises concerns about the Saudi government’s role in influencing this effort and the risks posed by a foreign government entity assuming control over a cherished American institution," Blumenthal wrote. Treasury Secretary Janet Yellen told CNBC last week that it was not immediately obvious that the PGA merger with LIV was a matter of national security.

Persons: Richard Blumenthal, LIV, Blumenthal, LIV Golf, Janet Yellen, Ron Wyden, David Shepardson, Rami Ayyub, Doina, Bill Berkrot Organizations: Monday, PGA, Investigations, Saudi Arabian Public Investment Fund, Saudi, Foreign Investment, Treasury, CNBC, Senate Finance, Thomson Locations: Saudi, American, U.S

Summary Jan CPI at fresh 14-year high of 8.7%Faster-than-expected inflation raises odds of bigger rate hikeEconomic planning chief says inflation to moderate this yearMANILA, Feb 7 (Reuters) - Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a bigger interest rate hike to tame prices when it meets this month. Given the faster-than-expected inflation in January, Bangko Sentral ng Pilipinas (BSP) looks certain to hike interest rates by at least 25 basis points and with a bigger 50 bps likely to be on the table, ING economist Nicholas Mapa said in a Tweet. The Philippines' broader stock index (.PSI) dropped 0.4% in early trade on expectations of a larger rate hike, while the peso had slipped 0.5% at 54.73 per dollar as of 0211 GMT. The main factor behind January's red-hot inflation was the 11.2% annual rise in food inflation, the quickest pace since 2009, and compared to the previous month's 10.6%, and the 1.6% rate in the same month last year. Elevated inflation, plus the need to maintain interest rate differentials between the U.S. and the Philippines, have forced the central bank to embark on aggressive tightening, with the benchmark rate (PHCBIR=ECI) rising by a total of 350 bps last year.

Although both were caused by power outages — the boil order when an outage Sunday at a water purification plant caused water pressure to drop, triggering concerns of possible contamination — that's where the similarities end, he said. According to Turner, two transformers failed, causing power outages at the East Water Purification Plant, which he said provides water for much of Houston's 2.2 million residents. The East Water Purification Plant is outside the city, in Galena Park. The entrance to the East Water Purification Plant in Galena Park, outside Houston, on Monday. The city issued the boil water notice in an "abundance of caution" after the main transformer and its backup failed, Turner said.

Residents of the country's fourth-largest city were told to boil water Sunday after pump-driven water system pressure dropped because of an electrical outage, triggering concerns of possible contamination. "We believe the water is safe but based on regulatory requirements when pressure drops below 20 psi we are obligated to issue a boil water notice," Turner said. A power outage Sunday at the East Water Purification Plant caused pressure to drop below 20 psi, or pounds per square inch, the state threshold that triggers boil water notices, Houston Public Works said. Water system pressure can use the weight of liquid to occupy cracks and crevices that might otherwise be exposed to outside incursions, such as urban runoff. "Houston’s water system is different than other systems in that we don’t use water towers to provide pressure to the system," it tweeted.

Latinos were 31 percent of the state’s high school graduates that year. But at 31%, the six-year graduation rate for MSU’s Latino students lags far behind CU Boulder, where it was 63 %. On the CU Boulder campus stands a 4-foot-7 memorial to “Los Seis,” six activists, including CU Boulder students, who were killed in two off-campus car bombings in 1974; the killings were never solved. Seventy-two percent, 510, of the middle and high school students enrolled in the program for 2020-21 were Latino. Vela and three other CU Boulder students who spoke with NBC News first learned about the campus through the Aquetza program.

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