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☆ I danced with Project Astra, Google's experimental new AI agent. Here's what happened.
▼ + stars: | 2024-05-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

After the keynote, journalists were herded over to a demo area for Project Astra. Before we went in, while waiting in line, two members of the Project Astra team from DeepMind walked us through how to use the technology. Google's Gemini model reviewed the phone's live video and said I was wearing casual clothes. He's been at DeepMind for about a decade and we discussed the origins on Project Astra. Beyond chatbotsThis is part of what inspired Project Astra, Wayne said.

Persons: —, We've, Demis Hassabis, DeepMind, Max Cherney, Max, Google's, Gemini, I'd, Gregory Wayne, Captain Cook, He's, he's, Cook, Wayne, SuperEvilMegaCorp Organizations: Service, Google, Project Astra, Business, Reuters, Astra, Tierra del Fuego Locations: Tierra del, Silicon

☆ MDMA therapy could be legalized by summer. Why are so many advocates sounding the alarm?
▼ + stars: | 2024-05-13 | by ( Anna Silman | ) www.businessinsider.com time to read: +52 min

Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.

Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, —, Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper

☆ The next union organizing wave is at Apple
▼ + stars: | 2024-05-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Apple store workers in Towson, Maryland, made history in June 2022 when they voted to form the first union at one of the tech giant’s sleek US stores. But the union vote in New Jersey this weekend, along with other efforts across the country, could just be the beginning. The Apple workers (possibly) going on strike is going to be a spark for other workers,” Bronfenbrenner said. Workers at the Towson Town Center Apple hold their new union T-shirts after their store employees decided to join the International Association of Machinists Union. Theirs is the first Apple store in the US to vote for union representation.

Persons: Apple, ” Kate Bronfenbrenner, ” Bronfenbrenner, Jay Wadleigh, Barbara Haddock Taylor, Bronfenbrenner, There’s, “, ”, Catherine Thorbecke Organizations: New, New York CNN, Apple, Big Tech, US, Employees, National Labor Relations Board, Labor Education Research, Cornell’s School of Industrial and Labor Relations, Oklahoma City, Towson, CNN, Maryland Apple, International Association of Machinists, Aerospace Workers Coalition, Retail Employees, Workers, Towson Town Center Apple, Baltimore Sun, Tribune, Service, Getty Images, Google, Union, NLRB, World Trade, US Labor Board Locations: New York, Washington, China, Towson , Maryland, Baltimore, Maryland, New Jersey, New York City, United States, International Association of Machinists Union, Short Hills, Atlanta, Cupertino , California

☆ Columbia University’s encampment ended with a mass police operation. Here’s how some schools avoided that
▼ + stars: | 2024-05-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

Notably, none of the schools agreed to fully divest from companies doing business in Israel, a demand student protesters have commonly rallied for across the country. What the schools agreed to doOn Monday, Northwestern announced an agreement with protesters to end the encampment. Rutgers agreed to meet with student protesters to discuss divestment and to support scholarships for at least 10 displaced Gazan students. Rutgers, along with Northwestern, agreed to expand spaces for Arab and Muslim students on campus. Recent agreements at Brown University and Northwestern University might show the way,” Roth wrote.

Persons: Brown, “, ”, Sophia Rosenfeld, Rosenfeld, Kena Betancur, Lena Shapiro, Shapiro, Michael Schill, Schill, ” Schill, Trisha Ahmed, Brown’s, Brown University Brown, Owen Dahlkamp, Dahlkamp, “ Brown, ” Brown, Christina Paxson, ” Dahlkamp, Elise Stefanik, Michael S, Roth, ” Roth Organizations: New, New York CNN, Ivy League schools Columbia, Northwestern University, Rutgers University, University of Minnesota, CNN, University of Pennsylvania, Columbia University, University of Illinois College of Law, Northwestern, Chicago, Rutgers, Birzeit University, West Bank, University of Minnesota's, Palestinian, Brown University, University Hall, Brown Daily Herald, Corporation of Brown University, University of California, University of Texas, Defamation, Republican, Twitter, Wesleyan University Locations: New York, Israel, Brown, Northwestern, New York City, AFP, Deering, Minneapolis, Minn, Providence , Rhode Island, Columbia, Los Angeles, Austin, Gaza

Brown’s agreement will let students make their case and then have the Brown Corporation, the university’s governing body, vote on the matter in October. But Dr. Paxson’s initial offer did not include bringing a divestment proposal to a vote. That came after two university negotiators and six students involved with the Brown Divest Coalition, one of the groups behind the movement, reached a deal on Tuesday, the university and several students said. The agreement immediately gave the university control of its facilities in time to allow students to finish classes and hold in-person graduation ceremonies and an alumni reunion this month. One donor, an investor who has made sizable contributions to the university and describes himself as a supporter of Israel, said members of the administration had assured him that Brown wouldn’t ultimately divest from Israel.

Persons: William A, Marc Rowan, Christina H, Paxson, Brown, Brown wouldn’t Organizations: Wall Street titans, Democratic Party, Republican, Harvard University, University of Pennsylvania, Brown Corporation, Coalition Locations: Israel, Gaza

☆ Google has fired 50 employees after protests over Israel cloud deal, organizers say
▼ + stars: | 2024-04-23 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

CNN —Google has fired an additional 20 workers that it says were involved in protests last week over the company’s cloud-computing contract with the Israeli government, bringing the total number of workers fired to 50, according to the group organizing the demonstrations. No Tech for Apartheid, the organizers of the protest at Google offices last Tuesday, said in a statement Monday evening that Google had fired an additional 20 workers, on top of the 30 workers terminated last week. We carefully confirmed and reconfirmed this,” the Google spokesperson said. The organizers of the protest, meanwhile, say that some of the workers fired did not cause any disruption inside Google offices. Last week, in the wake of the protests at Google, CEO Sundar Pichai sent a company-wide memo to staffers urging them to keep “politics” out of the workplace.

Persons: ”, “, Sundar Pichai, ” Pichai, Googlers Organizations: CNN, Google, Tech, Apartheid, Hamas Locations: New York, Sunnyvale , California, Israel, Gaza, America

☆ Fact check: Biden makes false and misleading claims during Pennsylvania campaign swing
▼ + stars: | 2024-04-19 | by ( Daniel Dale | ) edition.cnn.com time to read: +16 min

Washington CNN —President Joe Biden spent three days this week campaigning in the critical swing state of Pennsylvania. (The White House corrected the official transcript of Biden’s speech to make clear Biden should have said 2025 instead of 2024.) In other words, there will clearly still be some big and profitable corporations paying no federal income tax despite the existence of the new Biden tax. The center found that the top 0.1% of households paid an average effective federal tax rate of about 30.3% in 2020, including an average income tax rate of 24.3%. “The deficit is a trillion dollars lower, roughly, than when President Biden took office.

Persons: Joe Biden, Ambrose Finnegan, Biden, Jill Biden, PolitiFact, they’ll, it’s, “, Tami Luhby, —, ’ They’ve, Fuxian Yi, Yi, “ It’s, Derek Scissors, Trump, ” Biden, Biden’s “, Matthew Gardner, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, ”, I’ve, Donald Trump, ” Marc Goldwein, Goldwein, he’s, Afghanistan Biden, Biden’s, Finnegan, Finnegan “, Donald Judd, spokespeople, Andrew Bates Organizations: Washington CNN, Defense, Medicare, China, University of Wisconsin, Madison, American Enterprise Institute, CNN, Taxation, Economic, US, Biden, White, Urban, Brookings Tax, Urban Institute, University of California, Tax, Center, Trump, Federal Budget, Washington Post, Defense Department, Defense POW Locations: Pennsylvania, China, Iraq, Afghanistan, Scranton, Pittsburgh, America, Berkeley, “, New Guinea, ” New Guinea

☆ NPR suspends editor who accused outlet of liberal bias
▼ + stars: | 2024-04-16 | by ( Jon Passantino | Oliver Darcy | ) edition.cnn.com time to read: +4 min

It described the notice as a “final warning,” saying Berliner would be fired if he violated NPR’s policy again, Folkenflik reported. An NPR spokeswoman told CNN the outlet “does not comment on individual personnel matters, including discipline.” Berliner did not immediately respond to a CNN request for comment. Other NPR staffers publicly rejected Berliner’s assessment in social media posts. “Many things wrong w/terrible Berliner column on NPR, including not observing basic fairness,” NPR TV critic and media analyst Eric Deggans wrote. On his Truth Social media platform, Trump called NPR a “LIBERAL DISINFORMATION MACHINE,” that “NOT ONE DOLLAR” of government funds should be sent to in the future.

Persons: NPR’s David Folkenflik, Uri Berliner’s, Berliner, Folkenflik, ” Berliner, Donald Trump colluded, York Post’s Hunter Biden, Edith Chapin, Eric Deggans, “ Didn’t, Trump, “, ”, Jesse Watters, Katherine Maher, Isabel Lara, Christopher Rufo, Maher “ Organizations: New, New York CNN, NPR, CNN, Free Press, York, Corporation for Public Broadcasting, Social, Trump, Fox News, Berliner Locations: New York, Russia, LIBERAL

☆ Big corporations are quietly taking over your medical practice. Some doctors and experts say it's ruining healthcare.
▼ + stars: | 2024-04-11 | by ( ) www.businessinsider.com time to read: +17 min

UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.

Persons: —, UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta

☆ Forget Nvidia: Here are four stocks one investor is betting on instead
▼ + stars: | 2024-03-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

Instead, the veteran wealth manager is now looking for stocks in growth sectors that look "reasonably valued." He said the pharmaceutical, real estate, energy and financial sectors were on his radar, and named four stocks that stand out. Pfizer Pharmaceutical company Pfizer — well known for its Covid-19 vaccine — is betting on cancer drugs , following its $43 billion acquisition of Seagen last year . Over the last 12 months, shares of Comerica are up around 28%, although they are down 7.5% year-to-date. According to Factset data, analysts' average price target on the stock is $59.45, giving it around 15% potential upside.

Persons: David Dietze, Dietze, —, Schlumberger —, Dietze's, SLB Organizations: Nvidia, Wealth Management, Pfizer Pharmaceutical, Pfizer, CNBC Pro, Schlumberger, Comerica Locations: Seagen, U.S, SLB, Canada

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ The NFL is gearing up to change team ownership rules in what could be a massive win for Wall Street
▼ + stars: | 2024-02-29 | by ( Tiara White | ) www.businessinsider.com time to read: +9 min

Team owners will meet at the annual league meeting in March to discuss private equity. The investment ownership model is favored in the NBA, MLB and NHL— but not in the NFL. So, what will a rule change mean for institutional investors and their Wall Street brokers, as well as owners and sports fans? Experts also think NFL team owners' "wealth would increase drastically," said Rotthoff— due to the considerable profits they've already made from team valuations in the past decade. Wall Street investment banks could also benefit in their role as advisors to wealthy investors and sports teams, including helping to connect buyers with sellers.

Persons: —, Josh Harris, Mark Patricof, Carrie Potter, Mellody Hobson, Condoleezza Rice, Sir Lewis Hamilton, Kurt Rotthoff, Dwayne Wade, Venus Williams, Eric Thomas, Gil Fried, Rotthoff, Rob Gronkowski, Spencer Platt, Goldman Sachs, Thomson, Taylor Swift, Jamie Squire, Potter, Fried Organizations: NBA, MLB, NHL, NFL, Service, Silicon, Forbes, The, Patricof, Rice, Denver Broncos, Seton Hall, Wall, Kansas City Chiefs, West, Sport Finance, Sports, Group, Wall Street, Chiefs, Dolphins, Getty Locations: The Washington, Crestview, United States, Orlando , Florida, West Florida

☆ Bob Edwards, longtime host of NPR’s ‘Morning Edition,’ dies at 76
▼ + stars: | 2024-02-12 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Bob Edwards, the longtime National Public Radio host and a goliath of the broadcasting world, died on Saturday, his wife, NPR reporter Windsor Johnston, confirmed in a Facebook post. “Bob Edwards understood the intimate and distinctly personal connection with audiences that distinguishes audio journalism from other mediums, and for decades he was a trusted voice in the lives of millions of public radio listeners,” NPR CEO John Lansing said in a statement Monday. “Staff at NPR and all across the Network, along with those millions of listeners, will remember Bob Edwards with gratitude.”Edwards began his 30-year tenure at NPR in 1974, when the network was still in its infancy. He co-hosted “All Things Considered,” NPR’s evening show, before spearheading “Morning Edition” as its inaugural host in 1979, a position he held until 2004. “Morning Edition will continue to be my first source for news,” he wrote in a letter to listeners about his exit.

Persons: Bob Edwards, Windsor Johnston, “ Bob Edwards, John Lansing, ” Edwards, Ellen McDonnell, Edwards, Bob, ”, “, we’ve, It’s, Edward R, Murrow, Gabriel, Alfred I, du Pont, Red Barber, “ Edward R Organizations: New, New York CNN, longtime National Public Radio, NPR, “ Staff, Los Angeles Times, University of Louisville, US Army, American Forces Korea Network, Corporation for Public Broadcasting, National Catholic Association of Broadcasters, Columbia University Award, Radio Hall of Fame, Journalism Locations: New York, Kentucky, New Albany , Indiana

☆ Boeing Disaster Proves Americans Businesses Greedy Mentality Is Broken
▼ + stars: | 2024-02-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +16 min

They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .

Persons: it’s, could’ve, William Lazonick, “, It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, —, ”, Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, ”, NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America

☆ Las Vegas hopes to hit the jackpot with the Super Bowl
▼ + stars: | 2024-02-10 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. It took years — and a Supreme Court ruling legalizing sports betting — for the National Football League to view Las Vegas in a different light. “We’re sold out, have been for the last month,” said Paul Hobson, general manager of the Sahara Las Vegas hotel-casino. “Las Vegas has a lot of people going there for Super Bowl weekend anyway,” Stephenson said. Additionally, the visitors it attracts spend a whole lot more than the ones who would show up on your typical Super Bowl weekend, Hill said.

Persons: they’ve, Steve Hill, ” Hill, “, Hill, We’re, ”, Paul Hobson, It’s, Aaron J, Thornton, famer Michael Irvin, ” Hobson, Noel Bowman, you’re, ” It’s, Bowman’s, “ We’ve, Vince Lombardi, Ethan Miller, Frank Stephenson, ” Stephenson, Kirby Lee, “ We’re, “ That’s, Winston Fisher, David Farris, Café Lola, George Kittle, Travis Kelce, Lin Jerome, Lola, Alexandra Lourdes, “ It’s, Felicia Parker, she’s, Parker, it’s, Harry Reid Organizations: CNN, Minneapolis —, Football, Super, Las Vegas Convention, Visitors Authority, Las Vegas, National Football League, Playmakers Party, FHM, famer, NFL, Sunday, Visitors, Las, Super Bowl, Priceline, Berry College, of Sports Economics, USA, Reuters, Bowl, Business Connect, ”, Harry, Harry Reid International Airport Locations: it’s, Miami , New Orleans, Los Angeles, Minneapolis, Vegas, Sin City, Las Vegas, Sahara, Mandalay Bay, Mount Berry , Georgia

☆ Harvard taps ex-Merck CEO Ken Frazier to join embattled board
▼ + stars: | 2024-02-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Former Merck CEO Ken Frazier and KKR co-CEO Joseph Bae are joining Harvard University’s top board as the Ivy League school seeks to turn the page on a tumultuous period. Harvard announced the changes on Sunday evening, saying Frazier will start Wednesday to fill the open seat on the Harvard Corporation, the powerful yet secretive board under fire its handling of the recent controversies. Frazier, who graduated Harvard Law School in 1978, served as CEO of Merck and sat on the board of ExxonMobil, is widely respected in the business community. In 2017, Frazier quit former President Donald Trump’s manufacturing council in response to Trump’s initial failure to condemn white supremacists. Bae graduated from Harvard in 1994 and today he’s one of the most powerful private equity executives in the world.

Persons: Ken Frazier, Joseph Bae, Frazier, Bae, Paul Finnegan, Claudine Gay, ”, Alan Garber, Penny Pritzker, ” Harvard, Pritzker, megadonor, Gay, Donald Trump’s, Catalyst, Garber Organizations: New, New York CNN, Merck, KKR, Harvard University’s, Ivy League, Harvard, Harvard Corporation, Corporation, Democratic Party, Harvard Law School, ExxonMobil Locations: New York, Asia

☆ Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’
▼ + stars: | 2024-02-04 | by ( Heather Chen | Kathleen Magramo | ) edition.cnn.com time to read: +3 min

CNN —A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call, according to Hong Kong police. Chan said the worker had grown suspicious after he received a message that was purportedly from the company’s UK-based chief financial officer. Dale De La Rey / AFPBelieving everyone else on the call was real, the worker agreed to remit a total of $200 million Hong Kong dollars – about $25.6 million, the police officer added. At the press briefing Friday, Hong Kong police said they had made six arrests in connection with such scams. Authorities across the world are growing increasingly concerned at the sophistication of deepfake technology and the nefarious uses it can be put to.

Persons: “, Baron Chan Shun, Chan, Hong, Dale De La, deepfakes, Taylor Swift Organizations: CNN, Hong, RTHK Locations: Hong Kong, Dale De La Rey, AFP, American

☆ One of Goldman Sachs' top executives running investment banking and global markets is set to step down: Read the full memo
▼ + stars: | 2024-01-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Jim Esposito, one of three co-heads of Goldman Sachs's powerful global banking and markets division, is set to step down. His previous roles include co-head of the global financing group, co-head of global markets, and global co-head of investment banking. Most recently, Jim played an important role in bringing together our Global Markets and Investment Banking franchises to form the Global Banking & Markets business. Jim's passion for our distinctive culture has also been reflected in his commitment to recruiting, developing and mentoring talented individuals around the world, including the next generation of leaders across Global Banking & Markets. Prior to assuming his current role, Jim was global co-head of the Global Markets Division and before that global co-head of the Investment Banking Division.

Persons: Jim Esposito, Goldman, Esposito, He's, David Solomon, Solomon, John Waldron, Waldron, Julian Salisbury, —, Salisbury's, Eric Lane, Gregg Lemkau, Goldman Sachs, Jim, Jenn, David Organizations: Business, Goldman, Wall Street, Business Insider, Bloomberg, Tiger Global, IB, Global Banking, Markets, Management, Investment Banking, Global Markets, Global Markets Division, Global, Group, Trustees, Corporation, Brown University, Advisors, Tuck School of Business, Dartmouth College

☆ Larry Summers blasts Harvard over antisemitism: ‘I have lost confidence’
▼ + stars: | 2024-01-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism. Summers, a former president of Harvard, strongly criticized the selection of Harvard professor Derek Penslar as the co-chair of a newly-formed presidential task force on antisemitism. “I have lost confidence in the determination and ability of the Harvard Corporation and Harvard leadership to maintain Harvard as a place where Jews and Israelis can flourish,” Summers said in a post on X, formerly known as Twitter. The task forces will be charged with examining bias, determining root causes and compiling recommendations to combat hate. “As things currently stand, I am unable to reassure Harvard community members, those we are recruiting or prospective students that Harvard is making progress in countering anti-Semitism,” Summers said.

Persons: Larry Summers, Harvard’s, Summers, Derek Penslar, “, ” Summers, Claudine Gay, Clinton, Obama, Penslar, ”, ” Penslar, Israel, Israel’s, Bill Ackman, “ Harvard, Alison Frank Johnson, Steven Levitsky, stnd, ” Alan Garber, ” Garber, Penny Pritzker Organizations: New, New York CNN, Ivy League, Harvard, Harvard Corporation, Twitter, Jewish Telegraphic Agency, CNN, American Academy for Jewish Research, North America ”, The Corporation Locations: New York, Israel, Gaza, North America

BOSTON (AP) — Harvard University has shed fresh light on the ongoing investigation into plagiarism accusations against former president Claudine Gay, including that an independent body recommended a broader review after substantiating some of the complaints. In a letter Friday to a congressional committee, Harvard said it learned of the plagiarism allegations against its first Black female president on Oct. 24 from a New York Post reporter. The school reached out to several authors whom Gay is accused of plagiarizing and none objected to her language, it said. Harvard then appointed the independent body, which focused on two of Gay's articles published in 2012 and 2017. The House committee announced days later that it would investigate the policies and disciplinary procedures at Harvard, MIT and Penn.

Persons: Claudine Gay, Harvard, Gay, Liz Magill, Sally Kornbluth, Elise Stefanik, ” Organizations: BOSTON, — Harvard University, New, New York Post, Harvard, Post, Harvard Corporation, Gay, University of Pennsylvania, New York, Republican, Committee, Education, Workforce, Democratic, White, MIT, Penn Locations: New York, Gaza

☆ Fujitsu admits it should compensate postal workers whose lives were ruined by its faulty software
▼ + stars: | 2024-01-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Japanese technology company Fujitsu has a “moral obligation” to compensate the victims of Britain’s Post Office scandal, the boss of its European arm said Tuesday. “We did have bugs and errors in the system and we did help the Post Office in their prosecutions of the sub-postmasters,” Peter Patterson, Fujitsu’s director for Europe, said Tuesday. “I think there is a moral obligation for the company to contribute,” Patterson told UK lawmakers during a public hearing. Nick Read, CEO of the Post Office, who also addressed lawmakers Tuesday, said he was “committed” to abandoning Horizon. The corporation still uses the IT system, but in a newer iteration than the one involved in the scandal.

Persons: —, “, ” Peter Patterson, ” Patterson, Patterson, ”, Rishi Sunak, Nick Read, ” Read Organizations: London CNN, Fujitsu, Britain’s Post, Office, Post, CNN, Post Office, British Locations: Britain’s, Europe, ”

☆ The Equity Talk: Why Darryl Page came out of retirement to be Chubb's chief culture officer
▼ + stars: | 2024-01-15 | by ( Josée Rose | ) www.businessinsider.com time to read: +10 min

He's vice president and chief culture officer at the insurance giant Chubb, and diversity, equity, and inclusion work falls under his remit. Page used an example of walking into a room of people and giving them all a pair of size 10 shoes. So I really came to this work as a business leader with a lot of experience running a business. There are a few instances where there's important business information that you need to impart, and you may have a difficult time getting the attention of leadership. I think the challenge around this is that if you're really committed to your view on this, then you have to find a different way.

Persons: Darryl Page, Chubb, Elon Musk, Mark Cuban, Page, It's, that's, George Floyd's, I've, They're, I'd, it's, There's, — Organizations: Elon Locations: America

☆ Bill Ackman says he'll review all MIT professors for plagiarism
▼ + stars: | 2024-01-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Bill Ackman is ramping up his search for plagiarism and pledged to review all MIT professors' work. Ackman led the charge to get Harvard president Claudine Gay to resign over plagiarism accusations. AdvertisementBill Ackman is ramping up his crusade against plagiarism to include the work of all Massachusetts Institute of Technology professors after Business Insider reported on several instances of plagiarism found in academic work by his wife, Neri Oxman, a tenured MIT professor. We will begin with a review of the work of all current @MIT faculty members, President Kornbluth, other officers of the Corporation, and its board members for plagiarism." Business Insider told us that they are publishing their story… — Bill Ackman (@BillAckman) January 5, 2024A representative for Ackman did not immediately respond to a request for comment from BI.

Persons: Bill Ackman, Ackman, Claudine Gay, —, Neri Oxman, Gay, Kornbluth, @NeriOxman, Liz Magill, MIT's Sally Kornbluth, Critics, Magill, Wharton, Gay's Organizations: MIT, Service, Massachusetts Institute of Technology, Business, Oxman, Israel, Corporation, University of Pennsylvania, Penn

☆ Harvard's first Black president received so many death threats that police watched her residence 24/7, report says
▼ + stars: | 2024-01-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Gay, who last year became the first Black president in Harvard's nearly 400-year history, had retained the support of the powerful Harvard Corporation after her widely-criticized congressional testimony. Throughout the ordeal, she received a torrent of death threats, racist notes, and phone calls which only intensified as December progressed, according to The Times. Gay, who had only recently moved into the Harvard president's official residence, would pick up the phone only to be met with racial slurs, per the report. AdvertisementThe Times also reported that Gay's residence was being watched 24 hours a day. In her statement, Gay also called out not only critics of her prior work but also the personal racist attacks that had been lobbed at her.

Persons: Claudine Gay's, Gay, Ryan D, Enos Organizations: Harvard, Harvard Corporation, Jewish, The New York Times, The Times, Jan, Corporation Locations: Harvard's, Israel, Cambridge, United States

☆ Alan Garber is Harvard's interim president after Claudine Gay's resignation. Here's what we know about him.
▼ + stars: | 2024-01-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewFollowing Harvard President Claudine Gay's resignation Tuesday, the prestigious university announced its current provost will take on the role of interim president as the search begins for a new leader. Alan M. Garber, an economist and physician, has served as Harvard's provost and professor of economics, public policy, and healthcare policy for over 12 years. AdvertisementSince joining Harvard's faculty in 2011, Garber has been involved in Jewish clubs and events on campus, including Harvard Chabad and Hillel. Garber's interim stint as Harvard President comes after weeks of controversy surrounding the school's now-former president, Claudine Gay. "It is with a heavy heart but a deep love for Harvard that I write to share that I will be stepping down as president," Gay wrote in her resignation letter.

Persons: —, Claudine Gay's, Alan M, Garber, Alan Garber, Anne Yahanda, Brigham, Harvard Chabad, Hillel, I've, we've, Claudine Gay, Gay, Elizabeth Magill, Sally Kornbluth, Magill, Elise Stefanik, Bill Ackman Organizations: Service, Gay, Business, Harvard, Stanford, Boston's Harvard, Women's, Harvard Gazette, Hamas, Harvard Crimson, University, Harvard Corporation, Harvard Medical School, Harvard's, of Arts and Sciences, Harvard Kennedy School of Government, of Public Health, Stanford University, Department of Veterans Affairs, Health, System, Center for Health, Center for Primary Care, Research, of Pennsylvania, MIT, New York, Corporation Locations: Illinois, Chan

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