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☆ Despite US warnings, Israel signals it's going ahead with what could be a 'disaster' in Rafah
▼ + stars: | 2024-05-06 | by ( Paul Squire | Jake Epstein | ) www.businessinsider.com time to read: +1 min

Israel seems to be pressing ahead with an attack on Rafah in Gaza. The US has pressured Israel not to carry out the assault — or at least reduce civilian casualties. AdvertisementThe US has said an Israeli invasion of Rafah — a city in southern Gaza where scores of Palestinian refugees have fled — could be a "disaster." But it looks like Israel is going ahead with the assault anyway. This story is available exclusively to Business Insider subscribers.

Persons: Israel, — Organizations: Service, Business Locations: Rafah, Gaza, Israel

☆ Sony and Apollo offer $26 billion for Paramount: report
▼ + stars: | 2024-05-02 | by ( Paul Squire | Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

Sony and Apollo Global Management are reportedly bidding big for Paramount. AdvertisementSony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday. Sony and Apollo's offer was nonbinding, according to the JournalApollo's bid comes after Paramount announced its CEO Bob Bakish was stepping down Monday. Apollo previously bid $11 billion for just Paramount's movie studio, the Wall Street Journal reported in March. Apollo partner Aaron Sobel co-signed the offer letter with Sony CEO Tony Vinciquerra, people familiar with the situation told the Journal.

Persons: Bob Bakish, They've, Hayley Cuccinello, Aaron Sobel, Tony Vinciquerra, Sobel, Lee Solomon, Shari Redstone hasn't Organizations: Sony, Apollo Global Management, Paramount, Paramount Global, Street, Skydance Media, RedBird Capital Partners, KKR, Apollo, Wall Street, Legendary Entertainment, Concord Music Group

☆ Robert Kraft says elite schools are to blame for 'hate' on campus
▼ + stars: | 2024-05-02 | by ( Paul Squire | ) www.businessinsider.com time to read: +1 min

Robert Kraft says top schools' leadership and faculty have "failed" students as protests continue. The Patriots owner and megadonor to Columbia University pulled his support for the Ivy last week. 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 . "The leadership and faculty of so many of our leading educational institutions have failed their students," the 82-year-old sports exec wrote.

Persons: Robert Kraft, —, Robert Kraft isn't, Kraft Organizations: Patriots, Columbia University, Ivy, Service, New England Patriots, Business Locations: Israel, Gaza

☆ Columbia protesters' demands have worked before. This time may be different.
▼ + stars: | 2024-04-30 | by ( Paul Squire | ) www.businessinsider.com time to read: +9 min

Read previewThe unrest at Columbia University isn't showing signs of slowing down. In the 1980s, student protesters at Columbia took over the same building and called for divestment of the Ivy League school's investments over a different cause: South African apartheid. Student protesters at the 1985 demonstrations at Columbia University. Protesters there locked and chained the doors to Hamilton Hall — the same building now occupied by pro-Palestinian protesters — and demanded the school completely divest from South Africa. A more fraught situationOn its website, the Columbia University Apartheid Divest group likened itself to the protests from nearly 40 years ago.

Persons: —, It's, Lockheed Martin, Alex Kent, Joe Biden, Mike Johnson, she's, Barbara Alper, didn't, Ronald Reagan, Biden, Benjamin Netanyahu, Netanyahu, Nemat, Shafik, Nicholas Dirks, Divesting, Christopher Marsicano, Al, Marsicano Organizations: Service, Columbia University, Columbia, Ivy League, Business, Lockheed, Boeing, NPR, Hamilton Hall, Getty, Columbia University Apartheid, White, Student, New York Times, Times, Coalition, Columbia Spectator, Spectator, The New York Times, Hamas, University, Socially, University of California, CNN, North Carolina's Davidson College Locations: Israel, Gaza, Columbia, divesting, Hamilton, South Africa, Vietnam, Rafah, Berkeley, Al Jazeera

☆ Paramount CEO Bob Bakish is officially out
▼ + stars: | 2024-04-29 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

CEO Bob Bakish will step down and be replaced by a trio of senior executives. David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount. AdvertisementParamount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs. Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company. In the statement, Shari Redstone (who also serves as the chair of the board) said she has "tremendous confidence" in the new leadership.

Persons: Bob Bakish, David Ellison, Shari Redstone, —, Shari, David Ellison's Skydance, Larry Elison, George Cheeks, Chris McCarthy, Brian Robbins, Bakish, David Ellison's Organizations: Paramount, Service, Oracle, Bloomberg, — CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Nickelodeon, Board, Paramount Global, Hollywood

☆ NYC's rat czar says stop feeding the pigeons if you want the vermin gone
▼ + stars: | 2024-04-15 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

NYC's rat czar is waging war on the city's vermin. AdvertisementIf New York City wants to kick its rats to the curb, it may need to change a time-honored tradition: feeding the pigeons. In a profile by New York Magazine, the city's so-called "rat czar," Kathleen Corradi, detailed how the city has been fighting its rat problem. Leftover crumbs end up becoming impromptu meals for nearby rats, Corradi told New York Magazine. "We're a big part of the problem when it comes to sustaining rat populations in the city," Corradi told the magazine.

Persons: —, Kathleen Corradi, Corradi, Michael Parsons, Corradi's, Parsons Organizations: New York Magazine, Service Locations: York City

☆ It looks like the special counsel may have overstated Biden's memory issues
▼ + stars: | 2024-03-12 | by ( Paul Squire | Madison Hall | ) www.businessinsider.com time to read: +1 min

A special counsel report trashed Biden's memory. Now the transcript is out — and it shows Biden's memory issues may have been overstated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe transcript of President Joe Biden's interview with Special Counsel Robert Hur is in the hands of journalists — and it reportedly shows that Hur's comments trashing Biden's memory may have been overstated. The interview, which was held over five hours across two days, was part of Hur's investigation into Biden's handling of classified documents.

Persons: Biden, —, Joe Biden's, Robert Hur, Hur, Hur wouldn't Organizations: Service, Business

☆ Biden, facing pressure from the left, will order the military to build a Gaza port for aid
▼ + stars: | 2024-03-07 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Biden plans to order the US military to build a port in Gaza to deliver aid. 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 . President Joe Biden will announce another shift in his Israel-Gaza policy during the State of the Union address on Thursday, ordering the military to build a port in Gaza to deliver humanitarian aid. Biden — who's not facing any real competition for his nomination bid — has lost thousands of votes across swing states to the effort.

Persons: Biden, He'll, —, Joe Biden, Israel, Biden — who's, Kamala Harris, Harris Organizations: Union, Service, UN, Gazan Health Ministry, Democratic, NBC News, New York Times Locations: Gaza, Israel

☆ Nvidia just proved the AI boom has room to run
▼ + stars: | 2024-02-21 | by ( Paul Squire | ) www.businessinsider.com time to read: +1 min

"Accelerated computing and generative AI have hit the tipping point," said CEO Jensen Huang. It also gave a rosy forecast but "can't rest on its laurels," Insider Intelligence said. "Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries, and nations," said Nvidia CEO Jensen Huang in a press release. Nvidia's RTX chips are now a "massive PC platform for generative AI, enjoyed by 100 million gamers and creators," Huang added.

Persons: Jensen Huang, —, Huang Organizations: Intelligence, Service, Nvidia, Business

☆ Navalny's wife urges the world to unite against Putin
▼ + stars: | 2024-02-16 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Alexey Navalny's wife spoke just hours after Russia announced he was dead. Yulia Navalnaya called on world leaders to band together against Vladimir Putin's regime. And she warned Putin that he will be punished for her husband's death. AdvertisementHours after Russia announced the death of opposition leader Alexey Navalny, his wife appeared at an international conference and urged the world to stand against Vladimir Putin. Yulia Navalnaya was in Germany for the Munich Security Conference when Russia announced that Navalny — a chief critic of Vladimir Putin — died in an Arctic prison.

Persons: Alexey Navalny's, Yulia Navalnaya, Vladimir Putin's, Putin, —, Alexey Navalny, Vladimir Putin, Navalny —, Vladimir Putin —, Navalnaya, Navalny, Alexei Organizations: Russia, Service, Munich Security Conference Locations: Germany, Ukraine, Russia

☆ Disney's making a $1.5 billion bet on video games with Fortnite maker Epic Games
▼ + stars: | 2024-02-07 | by ( Paul Squire | Lucia Moses | ) www.businessinsider.com time to read: +1 min

Disney is taking out a $1.5 billion minority stake in the company behind Fortnite. Iger said the move will be the company's "biggest foray into the games space ever." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisney is teaming up with video game giant Epic Games, taking out a $1.5 billion minority stake in the company behind the smash hit Fortnite, CEO Bob Iger announced Wednesday. In an interview with CNBC, Iger said the company's bet is "our biggest foray into the games space ever."

Persons: Bob Iger, Iger, — Organizations: Disney, Service, CNBC, Epic Games, Business

☆ Snap slashes 10% of its workforce
▼ + stars: | 2024-02-05 | by ( Paul Squire | Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

Snap announced another round of layoffs on Monday, the latest for Snapchat's parent company. The company said in a regulatory filing that it would cut 10% of its workforce. Two workers at the social media company previously told Business Insider's Kali Hays that several dozen Snap staffers were let go on Friday and more cuts were expected. Meanwhile, BI previously reported the company has struggled to deal with shifts in the digital ad market and fierce competition from TikTok and Meta. It's the latest company to make cuts in what's been a brutal start to 2024 for tech workers.

Persons: Derek Andersen, Kali Hays Organizations: Apple's Locations: what's

☆ PayPal lays off 2,500 workers one week after CEO announces 'new chapter'
▼ + stars: | 2024-01-30 | by ( Paul Squire | ) www.businessinsider.com time to read: +1 min

PayPal is slashing 9% of its workforce — about 2,500 jobs. The CEO said cuts will "right-size our business." Last week, CEO Alex Chriss said the payment company would launch new products using AI. The payment company's CEO Alex Chriss told staff on Tuesday that another 9% of the workforce — about 2,500 positions — will be slashed. This story is available exclusively to Business Insider subscribers.

Persons: Alex Chriss, —, Chriss Organizations: PayPal, Service, Business

☆ King Charles will undergo a prostate procedure, Buckingham Palace announces — shortly after news breaks Kate Middleton will be in the hospital for 2 weeks
▼ + stars: | 2024-01-17 | by ( Paul Squire | Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

Read previewKing Charles III will undergo a prostate procedure next week, keeping him from public duties, Buckingham Palace announced. Charles sought treatment for an enlarged prostate "in common with thousands of men each year," the palace said in a statement on Wednesday. This story is available exclusively to Business Insider subscribers. Related storiesBuckingham Palace said Charles' condition is benign, and he'll have a "corrective procedure" next week. It is unclear if Charles will have surgery or undergo a different type of medical procedure.

Persons: —, Charles III, Buckingham, Charles, Kate Middleton, Princess, Wales Organizations: Service, Business, Kensington Palace

☆ The latest awkward news for Boeing: Blinken's plane broke down on his Davos trip
▼ + stars: | 2024-01-17 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

He was stuck in Switzerland after his Boeing jet malfunctioned, Bloomberg reported. The airline has come under fire after a door on a 737 Max 9 jet blew off during a commercial flight. US Secretary of State Antony Blinken ended up getting stranded in Switzerland on his way home from Davos after his custom Boeing 737 plane broke down, according to Bloomberg. On January 5, an Alaska Airlines flight had to make an emergency landing after a door plug on the Boeing 737 Max 9 jet blew off during the flight. AdvertisementThe 737 Max 9 fleets were grounded.

Persons: Antony Blinken, —, Max Organizations: Boeing, Bloomberg, Service, US Air Force, Air Force, Alaska Airlines, Max, Federal Aviation Administration Locations: Davos, Switzerland, Zurich

The US's first lunar lander in decades has met its doom. After launching on Monday, Peregrine Mission One started leaking fuel, Astrobotic said. Peregrine Mission One, a lunar lander built by Astrobotic, started leaking fuel hours after it launched from Cape Canaveral in Florida on Monday. The helium may have put the oxidizer tank under too much pressure, causing it to rupture and create the fuel leak, Astrobotic added. Peregrine Mission One is a nearly 2,900-pound uncrewed lander that carries 20 payloads from seven countries and 16 companies.

Persons: Peregrine, Astrobotic, — Organizations: Peregrine Mission, Service, Grumman, DHL MoonBox, DHL, Peregrine, United Launch Alliance Vulcan Locations: Cape Canaveral, Florida, Hungary, Seychelles

☆ Harvard's president resigning means more drama for other universities
▼ + stars: | 2024-01-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the resignation of another Ivy League president and the knock-on effect it'll have on education in the US. The big storyIvy League issuesBrian Snyder/ReutersClaudine Gay's tenure as Harvard president wasn't long, but it won't be forgotten. Alan Garber, Harvard's provost and chief academic officer, will serve as interim president, the school's board announced. Gay is the second Ivy League president to step down in less than a month, following in the footsteps of former Penn president Elizabeth Magill. Harvard president Claudine Gay Kevin Dietsch/Getty ImagesGay and Magill's departures highlight the tension between businesses and prestigious universities and the former's influence over the latter.

Persons: —, Bob Marley, John Wick, Brian Snyder, Claudine Gay's, wasn't, Gay, Alan Garber, Harvard's, Elizabeth Magill, Magill, Sally Kornbluth, Bill Ackman, Claudine Gay Kevin Dietsch, Business Insider's Paul Squire, Lucas Jackson, Tesla, Goldman, Tyler Le, it's, Warren Buffett, Greta Thunberg, Florence Pugh, Mel Gibson, J.R.R, Tolkien, Eli Manning, Max Willcocks, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, Ivy League, Business, Harvard, Ivy, Penn, Gay, MIT, GOP, Big Tech, Apple, Microsoft, Nvidia, Meta, Boston Consulting Group, Cushman & Wakefield, LinkedIn, SAP, Verizon Consumer Group, EV, Elon, Jiji Press, Japan Airlines, New York Locations: China, Jisoo, New York, San Diego, London, Edinburgh

☆ Harvard's president stepping down is giving the GOP the green light to probe other top universities
▼ + stars: | 2024-01-02 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Harvard President Claudine Gay — whose response to a question on antisemitism on campus at a Congressional hearing sparked outrage — has stepped down after weeks of increasing pressure. Gay gave a bungled answer that she wouldn't outright ban calls for genocide against Jews on campus during the House hearing last month. The controversy quickly spiraled into wider allegations of plagiarism against Gay — led by the Washington Free Beacon, a conservative outlet. Stefanik — who led the hearing Gay attended and was also booted off a Harvard advisory panel for backing Donald Trump's election lies — vowed to keep up the pressure.

Persons: —, Claudine Gay —, Gay, Gay —, Elise Stefanik, Stefanik —, Donald Trump's, Andrew Garbino, Claudine Gay, Carlos A, Gimenez, Claudine Gay's, Bill Ackman, Ackman, Gay's Organizations: Service, Harvard, Business, Washington Free, Republicans, GOP, New York Republican, Gay Locations: Florida

☆ The same guys who helped Trump's campaign investigate Hunter Biden were paid off by Russians, Ukrainian prosecutors allege
▼ + stars: | 2023-11-16 | by ( Paul Squire | Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Three Ukrainian men have been charged with treason in their home country. The trio helped Rudy Giuliani and the Trump campaign investigate Hunter Biden for the 2020 election. AdvertisementThree Ukrainian men — including a sitting politician — helped the Trump campaign investigate Hunter Biden before the 2020 election. The prosecution effort marks another key consequence of Trump's years-long quest to attack Hunter Biden — and, as a result, discredit his father. Additionally, Trump's call to Zelenskyy asking for help investigating Hunter Biden and other Democrats was a key factor in his first impeachment in 2019.

Persons: Rudy Giuliani, Trump, Hunter Biden, —, Oleksandr Dubinsky, Andriy Derkach, Kostyantyn Kulyk, Prosecutors, Vladimir Alekseyev, Dubinksy, Dubinsky, Volodymyr Zelensky's, Kulyk, Joe Biden, Derkach, Giuliani, Hunter Biden —, baselessly Organizations: Prosecutors, Service, BBC, Russian, European Union, NATO, State, Bureau, Reuters, New York Times, Burisma Holdings Locations: Ukraine, United States, Russian, China

☆ A school superintendent suddenly resigned after Democrats took over — and he's getting a $712,000 severance package
▼ + stars: | 2023-11-15 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

A Philadelphia-area superintendent resigned after Democrats won big in school board elections. The outgoing GOP-led board is giving him a nice send-off: a $7`12,000 severance deal. Central Bucks School District superintendent Abram Lucabaugh suddenly quit this week, just days after Democratic candidates won their elections to take control of the school board, according to the Bucks County Herald. she said, the Courier Times reported. One Democrat on the board said the new school board would be "revising" that policy soon, the Inquirer reported.

Persons: Abram Lucabaugh, —, Lucabaugh, Dana Hunter —, Hunter, Miriam Mahmud, It's, I've, didn't Organizations: GOP, Service, Central Bucks School, Democratic, Bucks County Herald, County Herald, Republicans, Bucks County Courier Times, Philadelphia Inquirer, Courier Times, Inquirer Locations: Philadelphia, Bucks County, Bucks, Lucabaugh

☆ Michael Flynn and his family kept leftover donations sent in by QAnon supporters, sister says according to court filing
▼ + stars: | 2023-11-14 | by ( Paul Squire | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Michael Flynn's family kept money donated to his legal fund, according to new court documents. AdvertisementAdvertisementThe unsealed court documents were part of CNN's attempt to have the defamation case tossed. The Flynn family ultimately pocketed hundreds of thousands of dollars from the fund, according to Semafor. Jared Roberts, an attorney representing the Flynn family members, did not immediately respond to Insider's request for comment. Flynn also sat for a sworn deposition in his family's case against CNN, documents show, but his deposition remains sealed.

Persons: Michael Flynn's, Flynn's, Barbara Flynn Redgate, Lori, Valerie, —, fundraised, Semafor, Valerie Flynn, Flynn, Flynn Redgate, Barbara, Donald Trump, Jared Roberts, Roberts, Michael Flynn, Lin Wood, baselessly Organizations: CNN, Service, US Army, FBI, CIA Locations: New York

☆ Eric and Donald Trump Jr. testified — within an hour of each other — that they had nothing to do with their father's net worth statements
▼ + stars: | 2023-11-02 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Donald Trump's adult sons, Eric and Don Jr., both took the stand at his fraud trial on Thursday. Ivanka Trump and Donald Trump himself are scheduled to testify next week. Prosecutors noted that he had signed off on documents, but again Donald Jr. testified he trusted the lawyers and accountants who prepped the papers. Less than an hour after prosecutors wrapped up the first son's testimony, Eric Trump took the stand and insisted he, too, had nothing to do with the documents. November 2, 2023: This story has been updated with additional context and clarifications about Eric Trump and Donald Trump Jr.'s statements in court.

Persons: Donald Trump's, Eric, Don Jr, Ivanka Trump, Donald Trump, —, Donald Trump Jr, Don . Jr, Donald Jr, Judge Engoron, Eric Trump, Eric —, didn't, Trump Organizations: Service, NY, Mazars, Prosecutors, Trump Organization Locations: Manhattan

☆ The Kremlin is leaning on cheap Russian-made drones like never before, war analysts say
▼ + stars: | 2023-10-25 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Russia is adding cheap, domestic-made drones to its arsenal, war analysts say. The Institute for the Study of War said Moscow is ramping up production of lighter drones. Analysts with the Institute for the Study of War (ISW) said in a Tuesday dispatch that Moscow used new, long-range "Italmas" drones for the first time in its war on Ukraine, according to speculation by Russian media. The ISW cited Russian sources who said the Russian-produced "Italmas" drones are lighter and harder for Ukrainian air defenses to shoot down. The ISW previously said Russia is aiming to add more drones, loitering munitions, missiles, and guided bombs to its arsenal.

Persons: —, Vladimir Putin's Organizations: Service, Institute for, Ukrainian Air Force Locations: Russia, Moscow, Ukraine, Russian, Iran

☆ 'Spider-Man 2' reveals Peter Parker's mortgage rate, so I asked brokers if he got a good deal in the new PS5 game
▼ + stars: | 2023-10-25 | by ( Paul Squire | ) www.businessinsider.com time to read: +5 min

In the new "Spider-Man 2" Playstation 5 game, the mortgage on Aunt May's house is revealed. Fans online are losing their minds over the eye-watering sum, but is our favorite web-slinging superhero's mortgage loan really that bad? During one scene in the new video game, Parker and his flame, MJ Watson, return to Aunt May's house in Forest Hills. AdvertisementAdvertisementThe game's developer, Insomniac, thankfully gave us a hand in figuring out what kind of loan Peter is facing. Angelo Gionis, senior vice president at Contour Mortgage, told Insider that while he wouldn't say it was a super deal, Spider-Man's mortgage was fair — if it was actually a second mortgage Aunt May took out.

Persons: Peter Parker, May's, —, Parker, MJ Watson, Aunt May's, Peter, Aunt May, Rafael Reyes, Reyes, Angelo Gionis, Gionis, there's Organizations: realtors, Service, New, Cross Country Mortgage, Contour Mortgage, Reserve Locations: NYC, Queens, New York City, Forest Hills

☆ The US wants a Russian oligarch's seized $300 million superyacht that features an infinity pool, a movie theater, and a helicopter landing pad
▼ + stars: | 2023-10-24 | by ( Paul Squire | Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The US has filed a civil forfeiture case against a $300 million superyacht it alleges is owned by a Russian oligarch. The superyacht was seized in Fiji in 2022 and features an infinity pool and a helicopter landing pad. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe ship was then seized by the US Department of Justice and moved to California where it remains docked. Khudainatov's lawyers told Reuters that they've filed a lawsuit in the US as well seeking to get the superyacht back.

Persons: Suleiman Kerimov, —, Damian Williams, Kerimov, Vladimir Putin, Williams, Andrew Adams, Adams, Eduard Khudainatov, hasn't, they've Organizations: US, Service, BBC, US Department of Justice, Reuters Locations: Russian, Fiji, Ukraine, Vladivostok, North Korea, California

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