DIRS.INFO The most relevant business & tech news

☆ A former Google employee who was laid off shares 3 'red flags' that could signify your company is going to let people go
▼ + stars: | 2024-05-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Shao Chun Chen was laid off from Google in February 2024, the news didn't come as a complete surprise. He told Business Insider that a layoff isn't dissimilar to a breakup: "It was like saying goodbye to an eight-year relationship." He joined Google in 2016 as an account manager and was leading a sales team when he was let go. Shao, who had prepared for layoffs and had a seven-figure investment portfolio to fall back on, shares three red flags he noticed.

Persons: —, Shao Chun Chen, Merrill Lynch, Shao, sprees —, that's Organizations: Service, Google, BI, Business Locations: Singapore

☆ A '9-to-5 millionaire' shares 2 ways to increase your day job income — and the 'offense-defense' strategy that propelled him to financial independence
▼ + stars: | 2024-05-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Shao Chun Chen built wealth by sticking to simple principles: live below your means and invest early and regularly. Shao shared the strategies he used to increase his income while working his day job, plus the formula he used to achieve financial independence. Shao Chun Chen worked at Google Singapore for eight years. Shao Chun Chen"I forced myself. To play good offense, start by evaluating your day job.

Persons: Shao Chun Chen, He's, Merrill Lynch, Shao, you've, You've Organizations: Business, NTU Singapore, Google, BI, Google Singapore, National University of Singapore Locations: Singapore

GAZA STRIP Israel Area of satellite image EGYPT Rafah crossing Israeli incursionA Satellite View of Israel’s New Front in GazaNew satellite imagery taken after Israeli forces pushed into Rafah shows widespread damage to the southern Gaza city — including large areas of flattened structures — and clusters of Israeli armored vehicles. North Israeli tanks Razed structures Damage between Monday and Tuesday Rafah crossing Rafah crossing Israeli tanks EGYPT EGYPT New debris GAZA GAZA Damage from Monday Smoke rising Smoke rising Israeli tanks Damage before Monday Israeli tanks North Damage between Monday and Tuesday Razed structures Rafah crossing EGYPT Israeli tanks New debris GAZA Damage from Monday Smoke rising Israeli tanks Damage before Monday North Israeli tanks EGYPT Damage between Monday and Tuesday Razed structures Rafah crossing New debris Israeli tanks GAZA Smoke rising Israeli tanks Damage from before Monday Source: Satellite imagery from Planet LabsWhile Israel has described the operation that began earlier this week as limited, imagery captured on Tuesday morning by Planet Labs, a commercial satellite company, shows significant destruction in parts of the city. A network of damaged buildings reaches more than two miles into the territory near Rafah’s border crossing with Egypt. Monday Tuesday GAZA STRIP Area of image Source: Satellite imagery from Planet LabsIsrael says Rafah is Hamas’s last stronghold, and a critical gateway for arms shipments smuggled into Gaza from Egypt. Local health authorities warned of a “significant increase” in the death toll because of intense Israeli bombardment across Gaza, particularly in Rafah.

Persons: Israel, Scott Anderson, al Balah, Khan, Rafah’s Abu Yousef al, Marwan al Organizations: North, Labs, Israel, Planet Labs, Tuesday GAZA, Residents, al Balah Residents, ISRAEL Residents, Palestine Red Crescent Society, Najjar, Hams Locations: GAZA, Israel, EGYPT Rafah, Gaza, Rafah, EGYPT EGYPT, EGYPT, Rafah’s, Egypt, Planet Labs Israel, Hamas’s, al, ISRAEL, Kerem, Deir, Kerem Shalom, Palestine, Local

☆ An ex-Google employee shares the 3-part strategy he used to prepare for layoffs and achieve financial independence
▼ + stars: | 2024-05-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter eight years at Google, Shao Chun Chen was laid off on February 14, 2024. "A big part of your identity is where you work," Chen, who was leading a sales team at the time, told Business Insider. He says he focused on three things throughout his 20s and 30s to grow his investment portfolio and achieve financial independence. He about tripled his salary at Google and worked his way up to making six-figures, according to employment verification letters viewed by BI.

Persons: —, Shao Chun Chen, Chen, He'd, Merrill Lynch, It's, you've, WIMUT THAMMAKESORN Chen, you'll, it's, Chen wouldn't, he's, Shao Chun Chen Chen Organizations: Service, Google, Business, BI, National University of Singapore, NFL, NUS, BMW Locations: Singapore

How the U.S. Humanitarian Pier in Gaza Will WorkA humanitarian pier the U.S. military will bring to the Gaza Strip is currently being assembled and is expected to be ready to receive initial shipments of food and other aid early next month, according to military officials. Pier At the pier, loaded aid trucks are driven to Gaza’s shore. Gaza Strip EMPTY TRUCKS return to the pier Humanitarian partners will pick up aid near the shore to take it into the Gaza Strip. Pier At the pier, loaded aid trucks are driven to Gaza’s shore. Gaza Strip EMPTY TRUCKS return to the pier Humanitarian partners will pick up aid near the shore to take it into the Gaza Strip.

Persons: Juan Camilo Jimenez Garces, Trucks, OCHA, U.N, David Satterfield, Israel Organizations: United Nations, U.S . Agency for International Development, Military, Aid, Spanish, BANK, New York Times Ships, Army, New York Times, Food, WFP GAZA, United Nations Office, Humanitarian, New York Times Aid, Hamas, U.S Locations: U.S, Gaza, Larnaca, Cyprus, Dubai, Kenya, Europe, CYPRUS Larnaca, BANK GAZA, ISRAEL EGYPT, LEBANON, Israel, United States, Med, ISRAEL Rafah, Shalom, Egypt, Israel’s

☆ Hot girls love book clubs
▼ + stars: | 2024-04-05 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

All the "It Girl" celebrities have their own book clubs, from model Kaia Gerber to Kendall Jenner. TikTok is flooded with "book recommendations for hot girls," and young women are flocking to apps like Bookclubs to start or join a reading group. But in an age when people are lonelier — and more chronically online — than ever, book clubs have taken on new meaning. Book clubs on the riseBook clubs are nothing new. "We call it book club, but we're not actually doing a traditional book club," Shao said.

Persons: —, Gen, Korn, Kaia Gerber, Kendall Jenner, they'd, Anna Ford, Ford, Isa Tomlinson, Tomlinson, Amylynne Siroin, Reese Witherspoon, Oprah Winfrey, Gen Zers, It's, Micaela Primoff, Primoff, it's, Vivien Shao, we're, Shao Organizations: Service, Fan Locations: TikTok, Austin, Brooklyn , New York, New York

☆ Barclays analyst explains why he sees limited upside for Meituan
▼ + stars: | 2024-03-25 | 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 EmailBarclays analyst explains why he sees limited upside for MeituanJiong Shao, analyst at Barclays, says "there's a lot of noise" around the Chinese food delivery group's net profit number.

Persons: Jiong Shao Organizations: Barclays

GAZA StripWhy Isn’t More Aid Getting to Gazans? From El Arish, the trucks carrying aid typically undergo security checks in Rafah, Egypt, shortly before reaching the border with Gaza. One arrow points from near Rafah crossing to Kerem Shalom crossing, and a second arrow points from near Rafah crossing to Nitzana crossing. One arrow points from Nitzana crossing to Rafah crossing, and another points from Nitzana to Kerem Shalom crossing. More than a hundred Gazans died near a convoy on Feb. 29, after thousands massed around aid trucks.

Persons: Israel El Arish JORDAN Trucks, Balah Netivot Khan Younis Ofakim, Balah Khan, Salah Al Din, Rashid, Kerem, Khan Younis, Al Rashid, Israel, Trucks, Scott Anderson, Shimon Freedman, COGAT, Freedman, Mr, Anderson, Gazans, ”, Naser Qadous, Balah, Khan Younis Ofakim, Carl Skau, Sarah Schiffling, Deir, Younis Ofakim, Deir al, Biden, it’s, Schiffling, Juliette Touma, ” Ms, Touma Organizations: United Nations, West Bank Ships, Bank, Israel El Arish Trucks, Jordan, El Arish Egypt Israel Nitzana, Arrows, UNRWA, Food, Food Program, Hanken School of Economics, Central Locations: GAZA, Gaza, Gaza’s, SyRIA, Port, Israel El Arish, Cairo Egypt Saudi Arabia, Bank GAZA, Jordan Egypt, Ashkelon Gaza, Rafah, Egypt, El Arish Egypt Israel, Egypt Rafah, Egypt Israel, Rafah Rafah, Kerem, Kerem Shalom, Sderot GAZA, Gaza City Sderot Al Rashid, El Arish, Port Sa’id, Jordan, From El Arish, Nitzana, Israel, United States, Anera, ”, Khan Younis Ofakim Israel Rafah, Shalom, U.S, Air, France, Finland, Gaza City, Cyprus, Sderot, Balah, Deir

☆ Menno van Gorp: ‘Breaking has total freedom for me,’ says medal hopeful in the newest Olympic sport
▼ + stars: | 2024-03-05 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —To the tune of a Miles Davis trumpet solo, Menno van Gorp is stepping up his training ahead of this year’s Paris Olympics. “I love to practice on jazz,” van Gorp tells CNN Sport. “I’m building here a dance studio in Rotterdam and I’m working also on the new generation here,” van Gorp explains. In order to qualify for the Games, van Gorp will hope to earn selection via the Olympic Qualifier Series in May and June. “If you want to make art,” says van Gorp, “you want to make something that’s really you – not somebody else.”

Persons: Miles Davis, Menno van Gorp, van Gorp’s, ” van Gorp, Menno, “, it’s, ”, van Gorp, Van Gorp, Daphne Plomp, aren’t, ” Van Gorp, you’re, Gorp, Little Shao, calisthenics, van, Baptiste Fauchille, –, that’s Organizations: CNN, Paris Olympics, CNN Sport, Tilburg, Red Bull, South, DanceSport, Olympics, Games Locations: Paris, Netherlands, New York, Mumbai, India, South Korean, Rotterdam, Lyon, France

What We Know About the Deaths Near the Gaza Aid ConvoyGazan authorities said that more than 100 people were killed and hundreds more injured in a chaotic scene early Thursday morning in Gaza City, where a crowd gathered around a convoy of trucks carrying desperately needed aid and the Israeli military opened fire. A small number of people may have been struck by aid trucks during the panic, and two Israeli military vehicles are also visible at the scene. Israeli military vehicles Aid convoy AL RASHID Israeli military vehicles Aid convoy AL RASHID Israeli military vehicles Aid convoy AL RASHID Still image of Israeli military drone footageA separate video released by Al Jazeera of the crowd near the aid convoy captures the sound of gunfire and shows multiple tracer rounds, originating from the southwest where an Israeli military base is located. The two tanks visible in the drone video were stationed on Al-Rashid around 250 meters from the base. Aid delivery has also been hampered by the breakdown of civil order as increasingly desperate civilians converge on aid convoys before the trucks can get to distribution centers.

Persons: Rashid Al, Rashid, Al Jazeera, Kamal Adwan, Copernicus, Corey Scher, Den, Biden Organizations: Convoy, Al, Planet Labs, RASHID, Crowds, Aid, Shifa, Kamal, Ahli Arab Hospital, Copernicus Sentinel, CUNY, Center, Den Hoek of Oregon State University, The United Nations, United Nations Locations: Gaza, Gaza City, Rashid, Rashid Al Jazeera, Al, Rashid Israeli, Jazeera, RASHID Israeli, Ahli, Den Hoek of, Israel

☆ Alibaba should increase the pace of its share buyback program, Barclays analyst says
▼ + stars: | 2024-02-26 | 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 EmailAlibaba should increase the pace of its share buyback program, Barclays analyst saysJiong Shao, China tech analyst at Barclays, says Alibaba investors are "looking for more," and discusses two ideas he has for the company, one of which he says is "easier" and the other "very difficult."

Persons: Jiong Shao Organizations: Barclays Locations: China

☆ Analyst explains why Alibaba's recent results 'don't matter that much'
▼ + stars: | 2024-02-08 | 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 EmailAnalyst explains why Alibaba's recent results 'don't matter that much'Jiong Shao, analyst at Barclays, discusses the "three things" that have moved the stock, two of which are negative.

Persons: Shao Organizations: Barclays

☆ 2024 Begins With More Record Heat Worldwide
▼ + stars: | 2024-02-07 | by ( Raymond Zhong | Elena Shao | ) www.nytimes.com time to read: 1 min

It was the hottest January on record for the oceans, too, according to the European Union’s Copernicus Climate Change Service. Sea surface temperatures were just slightly lower than in August 2023, the oceans’ warmest month on the books. And sea temperatures kept on climbing in the first few days of February, surpassing the daily records set last August. The oceans absorb the great majority of the extra heat that greenhouse gases in the atmosphere trap near Earth’s surface, making them a reliable gauge of how much and how quickly we are warming the planet. Warmer oceans provide more fuel for hurricanes and atmospheric river storms and can disrupt marine life.

☆ The Royal Line of Succession
▼ + stars: | 2024-02-06 | by ( Elena Shao | Weiyi Cai | ) www.nytimes.com time to read: 1 min

The Royal Line of SuccessionKing Charles III has announced he will step back from public appearances while being treated for cancer. That’s likely to mean a more prominent role for other senior members of the royal family, particularly his elder son, Prince William, who is next in line to the throne. Here’s the current line of succession.

Persons: King Charles III, Prince William

☆ See Where Heavy Rainfall Deluged California
▼ + stars: | 2024-02-05 | by ( Zach Levitt | Elena Shao | ) www.nytimes.com time to read: +2 min

See Where Heavy Rainfall Deluged CaliforniaHourly precipitation Total precipitation accumulation 0.5 1 2 3 4 inchesSource: National Oceanic and Atmospheric Administration’s National Centers for Environmental Prediction Notes: Data reflects near-real-time analysis of liquid precipitation amounts. The storm lingered over Southern California on Monday, with some areas receiving record-breaking rainfall. The Los Angeles River in Los Angeles, Calif., on Monday. Residents dig out a road after a mudslide in the Sherman Oaks neighborhood of Los Angeles. ReutersThe latest storm is the second atmospheric river to drench California in a few days.

Persons: Jenna Schoenefeld, Jill Cowan Organizations: Centers for, Times, National Weather Service, Calif, The New York Times, Hollywood, The New York, Reuters, Area, Coast Locations: California, Southern California, Los Angeles, Los, Santa Monica, Studio City, San Fernando Valley, Laurel, Studio, Angeles, Sherman Oaks, drench California

Israel’s Controlled Demolitions Are Razing Neighborhoods in GazaResidential buildings demolished by Israeli forces in January near Gaza’s border with Israel. Controlled demolitions in Gaza The Times verified more than two dozen explosions in videos posted from Nov. 15 to Jan. 24. Gaza City Residential buildings Al-Qarara Rural residential area Khuza’a Residential buildings Gaza City Blue Beach Resort Gaza City Apartment buildings Al-Qarara Mosque Beit Lahia School Gaza City Residential buildings Jabaliya Al-Noor mosque Gaza City Palestine Square Beit Hanoun Two U.N. schools Bani Suheila Residential buildings Gaza City Multiple buildings Khuza’a Residential buildings Bani Suheila Mosque Gaza City Multistory building Gaza City Two-story building Bani Suheila Al-Dhilal mosque Gaza City Residential building Gaza City Residential building Khuza’a Residential buildings Juhor Ad-Dik U.N. school Al-Zahra Israa University Gaza City Residential buildings Al-Musaddar Multiple buildings Gaza City Residential buildings Al-Zahra Gaza’s Palace of Justice Bani Suheila Residential buildings Khuza’a Residential buildings Al-Qarara Rural residential area Beit Hanoun Multiple buildings Al-Mughraqa Al-Azhar University campus Bani Suheila Residential buildingsIsraeli officials, who spoke anonymously because they were not authorized to speak publicly about the issue, said that Israel wanted to demolish Palestinian buildings close to the border as part of an effort to create a security “buffer zone” inside Gaza, making it harder for fighters to carry out cross-border attacks like the ones in southern Israel on Oct. 7. Controlled demolitions in Khuza’a Gaza Strip Highlighted area destroyed over the course of at least four demolitions Location of demolitions Previously destroyed buildings Mosque 500 feet Gaza Strip Previously destroyed buildings Location of demolitions Highlighted area destroyed over the course of at least four demolitions Mosque 500 feetOne of the largest demolitions identified by The Times was carried out in Shuja’iyya, a residential neighborhood on the outskirts of Gaza City. Controlled demolition in Shuja’iyya, Gaza City Gaza Strip Previously destroyed buildings Location of demolition Highlighted area destroyed in demolition 500 feet Gaza Strip Previously destroyed buildings Location of demolition Highlighted area destroyed in demolition 500 feetIn some videos, the demolitions appear to be targeting underground infrastructure.

Persons: Bani Suheila Al, Dik U.N, Zahra, Bani, Mughraqa Al, Israel, Musaddar Jan, Khan Younis Khuza’a, Deir, Bani Suheila, Copernicus, Corey Scher, Den, Daniel Hagari, Matthew Miller, Khan Younis, ”, Marco Sassòli, “, Husam Zomlot Organizations: New York Times, Hamas, Times, Blue, Azhar University, Bani, The Times, BANK, Israa University, Copernicus Sentinel, CUNY, Center, Den Hoek of Oregon State University, State Department, Israa, U.S, University of Geneva Locations: Gaza, Gaza’s, Israel, —, Gaza City, Al, Qarara, Lahia, Noor, Palestine, Bani Suheila, Bani Suheila Mosque Gaza, Dhilal, Zahra Israa, Zahra Gaza’s, Sderot, BANK GAZA, Israa University GAZA, ISRAEL, Deir al, Bani, Rafah Rafah, EGYPT, Erez, WEST, GAZA, Med, Rafah EGYPT Rafah, Den Hoek of, Palestinian, Palestine Square, Khuza’a, Shuja’iyya, Gaza City Gaza, U.N, Israa University, Britain

Results: The Most Detailed Maps of the Iowa Republican CaucusesTrump DeSantis Haley Ramaswamy Other Trump DeSantis Haley Ramaswamy Other No vote estimates available. No resultsFormer president Donald J. Trump won the Iowa caucuses on Monday, with The Associated Press calling the race for Mr. Trump less than an hour after caucusing began. This is the most detailed vote data available for the first 2024 presidential election contest. vote share Lower income areas — — Higher income areas — — Areas with fewer college graduates — — Areas with more college graduates — — Rural areas — — Suburban areas — — Urban areas — —Trump’s supportEach dot in the charts below represents one neighborhood’s caucus precinct. Income One precinct Precincts in … Lower income areasHigher income areasEducation Areas with fewer college graduatesAreas with more college graduatesPopulation density Rural areasSuburban areasUrban areas

Persons: Haley Ramaswamy, Trump, Donald J, caucusing, Mr, Nikki Haley, Ron DeSantis, Haley, DeSantis Organizations: Iowa Republican, Trump, Associated Press, Republican, South, —, Iowa Locations: Iowa, South Carolina, Florida, …, Des Moines

Citizens of Thailand, the Philippines and Russia, who were freed through separate talks, also numbered among the hostages Hamas released. The New York Times compared the Israeli data with lists of the Palestinians released each day by the Palestinian Authority’s Commission for Prisoners’ Affairs. The Israeli data shows that three-quarters of the released Palestinians had not been convicted of a crime. More than half of the cases were being prosecuted in Israeli military courts, which try Palestinians in the occupied West Bank but not Israeli settlers who live there. Nearly all Palestinians tried in Israeli military courts are convicted, and those accused of security offenses can be imprisoned indefinitely without charge or trial.

Persons: Israel Organizations: New York Times, Palestinian, Commission, Prisoners ’ Affairs, West Bank Locations: Thailand, Philippines, Russia, Gaza, Israel

Tuesday’s release followed the return of 11 Israelis on Monday, 13 on Sunday, 13 on Saturday and 13 on Friday, nearly all of them women or children. Seventeen Thais, one Filipino and one Russian-Israeli dual citizen were also released through separate negotiations. Four other hostages were released before the cease-fire. Israel has freed 180 imprisoned Palestinians — roughly three for every Israeli hostage released — in exchange for the release of the hostages. At least four hostages have died in captivity, according to Israel and Hamas.

Persons: Noa Marciano, Yehudit Weiss, Ravid Katz, —, Arye Zalmanovich Organizations: Hamas, West Bank, Palestinian Locations: Israel, Gaza, East Jerusalem

☆ Buy the dip in Alibaba? Here’s what the analysts say, after the stock tanked
▼ + stars: | 2023-11-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

While investors have largely reacted negatively to the news, which was announced alongside quarterly earnings Thursday, Wall Street's analysts are split. Although the Wall Street bank reiterated its overweight – or buy – rating on the stock, it lowered its price target to $110 from $125. "Cancellation of the Cloud spin-off came out of the blue, and puts paid to the last big 'initiative' supposed to improve shareholder returns. JPMorgan JPMorgan analysts noted the Alibaba's cloud business missing growth estimates and a modest decline at its core business will worry investors. While applauding the newly announced dividend, JPMorgan said it won't be enough to offset investor disappointment over the aborted cloud spinoff plan.

Persons: Wall, Morgan Stanley, Alibaba, BABA, Morgan Stanley Morgan Stanley, Morgan Stanley's, Gary Yu, Bernstein Bernstein, Bernstein, Jiong Shao Organizations: Barclays, Alibaba's, JPMorgan JPMorgan, JPMorgan

Which Candidates Got the Most Speaking Time in the Third Republican DebateFive candidates took the stage for two hours in Miami for the third Republican presidential debate. We tracked how long they talked, the topics they discussed and how often they were attacked by their opponents. See updates from our reporters. Who spoke the mostWhich subjects were discussed the most + Show all

Organizations: Republican Locations: Miami

But within 12 hours, Lahaina was consumed. Robert ArconadoFROM GRASS FIRE TO INFERNOBefore the fire, a major forecast model used by the National Weather Service predicted a dire situation in Lahaina, according to data analyzed by The Times, with projected hurricane-force gusts of up to 76 miles per hour. OAHU MAUI Lahaina HAWAII OAHU MAUI Lahaina HAWAII Forecast wind gusts Aug. 8, 4 a.m. 0 76 m.p.h. Source: National Oceanic and Atmospheric AdministrationBut rather than highlighting the risks in Lahaina, the weather service issued a broad warning for all the Hawaiian islands, and that warning never made reference to the 76 m.p.h. Instead, the initial warning to the public said gusts could be over 65 m.p.h., and that number was later lowered to around 60 m.p.h.

Persons: Robert Arconado, Cliff Organizations: National Weather Service, The Times, University of Washington Locations: Lahaina, OAHU MAUI Lahaina HAWAII OAHU MAUI Lahaina HAWAII

A table that shows the current tally for the most recent votes for speaker of the House. House Speaker Vote Results Representative Total Democrats Dem. The Constitution specifies that House members choose the speaker, but the speaker does not have to be a current or even a former representative. House Republicans nominated Representative Jim Jordan of Ohio in a closed-door vote last week, shortly after Representative Steve Scalise of Louisiana withdrew his bid for the speakership. Below, we will keep track of how every representative votes.

Persons: Jim Jordan, Jim Jordan of, Jordan, Scalise McCarthy Zeldin Emmer Garcia Cole Massie Jeffries, Lee Zeldin, Steve Scalise, Kevin McCarthy, Matt Gaetz, McCarthy, Mr Organizations: Republicans, Dem, Jordan, McCarthy, Garcia, Cole, Massie, Jeffries, House Democrats Locations: Jim Jordan of Ohio, New York, Louisiana, Florida

☆ The cost of hot new weight-loss drugs could put some companies out of business, Blackstone exec warns
▼ + stars: | 2023-10-13 | by ( ) www.businessinsider.com time to read: +5 min

Execs at a healthcare conference debated whether employers should pay for workers' weight-loss drugs. A Blackstone exec warned that the costly GLP-1 drugs could put some employers out of business. Panelists agreed that companies covering the drugs should do so as part of a broader support program. Andreas Mang, the CEO of Equity Healthcare, a division of Blackstone, said spending on these diabetes and weight-loss drugs, known as GLP-1 agonists, spiked 600% across Blackstone's portfolio in the last four years. The benefits firm Aon recently projected that employers' health-insurance costs will climb 8.5% next year, fueled in part by weight-loss drugs.

Persons: Blackstone, Andreas Mang, they're, Melynda Barnes, Lucia Guillory, Li Shao, Shao, Omada, We've, They're Organizations: Blackstone, Equity Healthcare, GLP, Getty, Wei, Omada, Pharmaceutical Locations: Las Vegas, Europe

☆ Where This Summer Was Relentlessly Hot
▼ + stars: | 2023-10-09 | by ( Zach Levitt | Elena Shao | ) www.nytimes.com time to read: +5 min

Where This Summer Was Relentlessly Hot The planet just experienced its hottest months on record, and by a large margin, scientists said. Some areas, including northern Canada and some of Greenland, show temperatures more than 6 degrees Fahrenheit (3.3 degrees Celsius) above average. Phoenix, which is known for its extreme heat, shows temperatures more than 2 degrees Fahrenheit (1.1 degrees Celsius) above average. The global map spins to South America, where average daily temperatures were higher than normal for much of the continent. Areas of Sudan and Ethiopia show temperatures greater than 6 degrees Fahrenheit (3.3 degrees Celsius) higher than normal.

Organizations: Phoenix, El, Democratic Locations: North America, Canada, Mexico, Greenland, United States, El Paso, Texas, Louisiana, Baton Rouge, La, Chilean, America, Paraguay, Europe, Croatia, Switzerland, Marseille, France, Spain, Romania, Africa, Sudan, South Sudan, Democratic Republic of Congo, East, Ethiopia, China, Turpan, Mongolia

Search resuls for: "Shao"

25 mentions found