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☆ Top minds at Milken unveil what they're seeing under the surface of the US economy as the national debt burden rises to nauseating levels
▼ + stars: | 2024-05-08 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

For the 27th straight year, some of the brightest minds from across the business world descended on Beverly Hills in early May to attend the Milken Institute Global Conference. But while speculation stole headlines, Milken speakers spent much of their time fixated on the state of the US economy. But despite continued concerns about stagflation, Milken speakers overwhelmingly expressed confidence about economic growth at a May 6 session called "Global Markets at Inflection." "The economy is still extremely strong, consumers are still doing really well, businesses are still doing really well," Scharf said. Though far from perfect, the US is still the best place to investDespite the $34.7 trillion anvil hanging over the economy, Milken speakers widely agreed that the US is still the best place to invest and operate a company.

Persons: Elon Musk, he's, Milken, Wells, Franklin Templeton, Gerard Baker, Andre Esteves, Jenny Johnson, Charlie Scharf, Scharf, we've, it's, you've, hasn't, Sam, Joshua Friedman, Anne Walsh, Friedman, Esteves, they've, Johnson, " Scharf, Wells Fargo Organizations: Milken Institute Global, SpaceX, Business, Milken, The, Consumers, Starbucks, Canyon Partners, Investors, Guggenheim Investments, Milken Institute Global Conference, US Locations: Beverly Hills, Wells Fargo, Brazil, McDonald's, Washington

☆ US inflation will soar if America doesn't undergo reindustrialization, investment manager says
▼ + stars: | 2024-05-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Prices in the US could keep going up if the US doesn't "reindustrialize" its economy, Richard Bernstein said. The US has a "massive" trade deficit at a time when world trade is becoming fragmented, he noted. AdvertisementInflation will climb higher if the US economy doesn't reindustrialize its economy, according to investment manager Richard Bernstein. World trade has become more fragmented since the pandemic, and rising geopolitical tensions are a sign that the trend is continuing, he said. If it doesn't … we're going to have tremendous inflation here in the United States," Bernstein said to CNBC on Monday.

Persons: Richard Bernstein, —, Bernstein, Ken Griffin Organizations: US, Service, Commerce Department, CNBC, JPMorgan Locations: United States, America

☆ Has the US cracked the code on avoiding recessions? It would be great news for your job security and stock portfolio.
▼ + stars: | 2024-05-06 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

But some economists have argued that flawed historical economic data puts this claim in question. The further back you go — the NBER data goes to about 1850 — the more common recessions were. He said the NBER's pre-1914 recession data, in particular, is "very poor," and that only economic data collected after World War II is of good quality. "So the growing share of services also means you're going to have more stable economic growth." AdvertisementTo be sure, while a stable economy has its benefits, it's not the only indicator of a healthy economy.

Persons: —, they'll, haven't, George Selgin, what's, NBER, Selgin, Joseph H, Davis, Satyam Panday, Panday, it's, they've Organizations: Service, National Bureau of Economic Research, Cato Institute, of Labor Statistics didn't, US, Vanguard, US Department of Agriculture, Satyam, Federal Reserve, Fed

☆ Power demand from data centers is expected to boom by 160% into 2030, boosting electricity needs at a rate unseen in a century. These 16 buy-rated stocks are set to benefit, according to Goldman Sachs
▼ + stars: | 2024-05-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

According to an April 28 report from Goldman Sachs, the demand for power from AI data centers is expected to increase by 160% between 2023 and 2030. The report states that the rate of demand growth expected in the next five years has not been witnessed since the beginning of the century. AdvertisementFluence Energy (FLNC) provides clean energy storage that can serve as a power supply backup source if data centers experience outages. NextEra Energy (NEE) is a US energy company already providing power to data centers and demand from its electricity supply is expected to grow. nVent Electric (NVT) is an electrical parts supplier that provides liquid cooling, enclosures, power distribution, and cable management for data centers.

Persons: —, Goldman Sachs, Goldman, it's, Kinder Morgan Organizations: Service, Real, Business, Microsoft, Fluence, Google, GE, NextEra Energy, Co, Georgia Power, Xcel Energy, Cameco Corporation, EQT Corp, Caterpillar, Eaton Corporation, MYR Locations: US, Canadian

☆ Here are Friday's biggest analyst calls: Apple, Target, Coinbase, Berkshire Hathaway, Estee Lauder & more
▼ + stars: | 2024-05-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan upgrades Williams-Sonoma to neutral from underweight JPMorgan said in its upgrade of the stock that the home furnishings category is stabilizing. "We are downgrading shares of EXPE to Mkt Perform from OP with a target price of $145 vs. $165 previously." JPMorgan upgrades Joby to neutral from underweight JPMorgan said its bear thesis has largely played out for the aviation company. Guggenheim reiterates Target as buy Guggenheim said investors should buy the dip in shares of Target . Morgan Stanley downgrades Estee Lauder to equal weight from overweight Morgan Stanley said it sees a slower recovery for shares of Estee Lauder .

Persons: Stifel, Wells, Truist, OLLI, Guggenheim, Tim Cook, William Blair, Amgen, Jefferies, We've, Ari sta, it's, Morgan Stanley downgrades Estee Lauder, Morgan Stanley, Estee Lauder, TD Cowen, Parsons, Bernstein, Oppenheimer, CFRA, Berkshire Hathaway Organizations: RBC, FTAI Aviation, Pacific, Union Pacific, JPMorgan, Williams, WSM, BMO, Bank of America, Apple, Kiniksa Pharmaceuticals, JOBY, Guggenheim, Target, Citi, MCW, Arista, PSN, Avidity, ~$ Locations: Sonoma, EXPE, GEICO

☆ Scientists witnessed an orangutan treating his wounds with medicinal plants, showing human-like behavior
▼ + stars: | 2024-05-03 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

They believe it was caused by a neighboring male in what's known as a "long call battle," Laumer told Business Insider. Adult male orangutans like Rakus shout out "long calls" to attract females and let rival males know that this is their territory. Rakus may have unintentionally touched his leaf-mush-covered finger to his face, and instantly felt the pain-relieving properties of the plant, Laumer explained. But, because this is the first time this behavior has ever been observed in orangutans, scientists can't say for sure why or how Rakus did it. More alike than we are differentRakus's behavior reminds us a lot of our own behavior with medicinal plants, which could help us understand where our knack for medicinal treatment first evolved.

Persons: —, Caroline Schuppli, Isabelle Laumer, Laumer, Rakus, liana, Akar, Saidi, seng chye teo Organizations: Service, Institute of Animal, Business, Suaq Locations: Gunung Leuser, South Aceh, Indonesia, Gabon

☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ Democrats could go even further than before if they sweep the White House, Senate, and House again
▼ + stars: | 2024-04-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

But there's a not-insignificant chance that not only does Trump lose again, but that Democrats find themselves once again in control of the White House, the Senate, and the House of Representatives at the beginning of 2025. Democrats are broadly seen as favored to retake the House, with nearly 20 House Republican incumbents fighting to hold on in districts won by Biden in 2020. Jon Tester of Montana and Sherrod Brown of Ohio will have to win in order for Democrats to maintain the Senate majority. Biden supports it, and House Democrats have already voted for it twice, once in 2021 and again in 2022. AdvertisementManchin and Sinema, two key obstacles to Biden's party-line agenda, won't be in the Senate next year.

Persons: Biden's, —, Donald Trump, It's, Sens, Kyrsten Sinema, Joe Manchin, Joe Biden's, Biden, Trump, Kamala Harris, Jon Tester, Sherrod Brown, Chip Somodevilla, Roe, Wade, Sinema, Manchin, Jabin, Progressive Caucus's, that's Organizations: Service, Trump, White, Senate, Democratic, Biden, Republican, Montana, Getty, House Democrats, Washington, Democrats, Progressive Locations: California, New York, Arizona, Ohio, Montana, Arizona , Pennsylvania, Wisconsin, Michigan, Washington

☆ The US is under pressure to lead the way in reducing plastic pollution — but it keeps making more of it
▼ + stars: | 2024-04-25 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.

Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium

☆ Inside Bill Gates' real estate portfolio, from a Seattle mansion to houses at some of the US's most exclusive clubs
▼ + stars: | 2024-04-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +2 min

Here's a look at his real estate portfolio, which he spent $150 million and three decades building. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As one of the richest people in the world for decades, the Microsoft cofounder has built up an impressive real estate portfolio. Over three decades, he and his ex-wife, Melinda French Gates, spent more than $150 million on their current real estate portfolio. AdvertisementHere's a look at Gates' many homes, along with details about transfers around the Gates divorce.

Persons: Bill Gates, —, I'm, Gates, Melinda French Gates Organizations: Service, The Telegraph, Microsoft, Business Locations: Washington , California, Florida, Montana, United States, Louisiana , Arkansas, Arizona, Seattle

☆ TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips
▼ + stars: | 2024-04-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025. Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

Persons: —, TSMC, Biden, Joe Biden, — TSMC, Dylan Patel, SemiAnalysis, that's, Morris Chang, C.C, Wei Organizations: Service, Taiwan Semiconductor Manufacturing Company, Business, Biden, Financial Times Locations: Taiwan, Arizona, Phoenix, Japan, Germany

☆ These 13 House Democrats voted against a resolution to condemn Iran's attack on Israel
▼ + stars: | 2024-04-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The House voted on Thursday to condemn Iran's recent missile and drone attack on Israel. 13 progressive House Democrats — and one Republican — voted against it. AdvertisementThe House of Representatives on Thursday voted to condemn Iran's recent missile and drone attack on Israel. 13 progressive House Democrats voted against the resolution along with Republican Rep. Thomas Massie, a non-interventionist libertarian who often opposes these types of resolutions. Here are the 13 House Democrats who voted against the resolution:

Persons: Democrats —, Republican —, —, Thomas Massie, Republicans teed, Alexandria Ocasio, Cortez Organizations: Democrats, Republican, Service, Republican Rep, Republicans, Israel, Democratic Rep Locations: Israel, Iran, Iranian, Syria, Alexandria, Cortez of New York, Gaza

☆ Arab states unexpectedly helped Israel fight off Iran's attack
▼ + stars: | 2024-04-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Jordan shot down an Iranian missile, and other Arab states may've provided intel. In March, Saudi Arabia and Iran restored ties with the help of China, agreeing to reopen embassies in their respective capitals. AdvertisementHowever, according to reports, Saudi Arabia and other Arab states are willing to continue discussions with Israel once fighting in Gaza has abated. There is a risk for Arab states though in being seen to come to Israel's aid, Giorgio Cafiero, CEO of Gulf State Analytics, told Business Insider. AdvertisementAs the conflict between Israel and Iran intensifies, Arab states face a tough choice between their security priorities and addressing public anger over Gaza.

Persons: Israel, Jordan, may've, —, Samih, Marj Al, Yasmine Farouk, Farouk, Abraham, Trump, Israel's, Giorgio Cafiero Organizations: intel, Service, Deutsche Welle, St, Anadolu, Getty, Israel, Carnegie Endowment, International Peace, New York Times, Abraham Accords, Analytics Locations: Iranian, Israel, Iran, Damascus, Jordan, Gaza, Jordanian, Saudi Arabia, UAE, Gulf, Marj, Amman , Jordan, China, Bahrain, Amman

☆ Taylor Swift's return to TikTok shows even the world's biggest stars still need the app
▼ + stars: | 2024-04-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Taylor Swift is back on TikTok despite a feud between the app and her label Universal Music Group. Swift's reemergence shows that even the world's biggest stars need TikTok to promote their work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . UMG artists can still post videos on TikTok, but they can't use their own tracks, making it harder to push a new album. Related storiesSwift's return to TikTok shows that even the industry's biggest stars still need to use the app to help a new album take off.

Persons: Taylor Swift, Swift's, —, Drake, Olivia Rodrigo, Taylor, she's, Swift, TikTok, Chauncey Hollis Jr Organizations: Universal Music Group, Service, Universal, Poets Department, Business, Spotify, AMC, Bloomberg Locations: TikTok, Hollywood, Singapore, Australia

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

☆ The Jamie Dimon manifesto
▼ + stars: | 2024-04-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

The 2023 shareholder letter from JPMorgan Chase CEO Jamie Dimon is chock full of policy ideas. Jamie Dimon, the billionaire CEO of JPMorgan Chase, outlined some of the biggest issues facing the company, the country, and the world in his 2023 annual shareholder letter. But he says that the US needs to flex its other muscles of power — economic policy, diplomacy, and intelligence — beyond military strength. Dimon points to the growth in wage inequality, saying that "wrong" policy falls disproportionately on the backs of lower-earning Americans. Dimon previously said that taxes on the wealthy could help offset the costs of bolstering the EITC.

Persons: Jamie Dimon, —, JPMorgan Chase, who's, Dimon, Oppenheimer, Donald Trump Organizations: JPMorgan Chase, Service, JPMorgan, US, Ukraine, Woods, Monetary Fund, American Locations: Ukraine, China

☆ Record levels of funding propel Denver-Boulder to the top of the life sciences market
▼ + stars: | 2024-04-08 | by ( Chris Dilella | ) www.cnbc.com time to read: +7 min

The Denver-Boulder region is rapidly emerging as a major hub for the life sciences industry, attracting companies that develop cutting-edge medical treatments and technologies. Life sciences research aims to understand living things, from cells to our planet, to improve health, food and the environment. Founded in 2003, the Bioscience Association supports the growth of life sciences, with a focus on access to capital, education, networking and more. A recent CBRE report found Denver-Boulder to be the top U.S. life sciences real estate market, fueled by record investment from venture capitalists and the National Institutes of Health. Entrepreneurial successThe recent surge in venture capital flowing into Denver-Boulder builds on the area's proven track record of success over the past several decades.

Persons: Tim Schoen, BioMed, Schoen, Elyse Blazevich, Kevin Koch, Koch, Edgewise, We've, Dan LaBarbera, LaBarbera, Dr Organizations: BioMed, CNBC, Blackstone, Flatiron, Enveda Biosciences, Denver, Boulder, Colorado Bioscience Association, Bioscience Association, National Institutes of Health, U.S, Pfizer, Therapeutics, University of Colorado, Edgewise Therapeutics, Research, University of Colorado's Anschutz Medical, Center, Drug, Center for Drug, for Drug, Anschutz Medical Locations: CNBC's, Denver, Boulder, Diego, Boulder , Colorado, San Diego, San Francisco, Seattle, Boston, Cambridge, Massachusetts, Aurora, Rocky, Colorado, Boulder ., Denver's

☆ Israel may have just hit a turning point in its war on Gaza — but not for the reason you think
▼ + stars: | 2024-04-05 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Mass protests are taking place in Israel, and even its closest global allies are turning critical. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, it's demonstrations by Israel's ultra-Orthodox Jews, fearful of mandatory conscription that they have long avoided, who may pose the biggest risk to Netanyahu's already fragile grip on power. AdvertisementTo prevent his downfall, and continue Israel's course in Gaza, Netanyahu has only one job: keeping his far-right coalition government intact. A Netanyahu ouster would undoubtedly have huge consequences for Israel's operations in Gaza and could prove more decisive than any outside intervention.

Persons: —, Benjamin Netanyahu, it's, Netanyahu, He's, Joe Biden, Antony Blinken, they've, Yoav Gallant, Benny Gantz, Gantz Organizations: Service, Israel's, Israel Democracy Institute, Israel Defense Forces, IDF, Yeshiva, Justice, Netanyahu's Likud Locations: Israel, Gaza, Jerusalem, Tel Aviv, Netanyahu's

☆ Don't write off China: Why one economist says the nation is likely to grow at double the rate of the US in coming years
▼ + stars: | 2024-04-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China will grow at double the US rate in coming years, Nicholas R. Lardy wrote for Foreign Affairs. China's nominal GDP will surpass the US's in a decade as the yuan appreciates, Lardy said. In that case, China's GDP outpaced the US, with each country expanding 5.2% and 2.5%, respectively. That depressed China's yuan, eroding the value of its GDP when measured in dollars. "When real estate is excluded, private investment rose by almost ten percent in 2023. "

Persons: Nicholas R, Lardy, —, it's Organizations: Foreign Affairs, Service, Peterson Institute Locations: China, United States, Washington

☆ Wall Street is getting nervous about Tesla
▼ + stars: | 2024-04-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why Wall Street is getting nervous about Tesla . South China Morning PostEarnings season is approaching, and Wall Street's already ringing the alarm on a high-profile company. AdvertisementTesla won't report its full earnings until later this month, but Wall Street is preparing for trouble. One analyst called it a "nightmare" quarter for the company, while another firm labeled Tesla "a growth company with no growth." One strategy is getting more Tesla drivers subscribed to its Full Self-Driving software, which can run $199 monthly.

Persons: —, Wall, Insider's Beatrice Nolan, Tesla, It's, that's, Elon Musk, ANDERSEN, Alyssa Powell, Donald Trump's, Ken Griffin's, Claire Merchlinsky, MoviePass, Ted Farnsworth, Manoj Bhargava, Putin, Elvira Nabiullina's, Forbes, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tesla, China, Bloomberg, Nvidia, Meta, Microsoft, Apple, Getty, BI Trump Media, SEC, Citadel, BI, Street Journal, Authentic Brands, Energy, Bank of Russia, The Locations: China, Russia's, Connecticut , Delaware , New York, Rhode Island, Wisconsin, New York, London

☆ Read Ken Griffin's letter to Citadel investors. He gives his 2024 outlook and talks about building a 'formidable team.'
▼ + stars: | 2024-04-01 | by ( Hayley Cuccinello | Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Griffin noted that 2023 was a difficult year for the hedge fund industry and expected the medium-term to "remain challenging." Citadel and Griffin's market maker, Citadel Securities, received over 100,000 applications for full-time jobs and internships this year, Griffin said. "We take pride in having built one of the most formidable teams in hedge fund history," he said. The remarkable achievements of our portfolio managers are a testament to the constructive and empowering culture at Citadel. Assembling the Premier Team in Hedge Fund HistoryWe take pride in having built one of the most formidable teams in hedge fund history.

Persons: Griffin, Kenneth C Organizations: Business, Disney World, Citadel, Citadel Securities, Citadel Wellington LLC, Team, Congressional, U.S, LCH Investments Locations: United States

☆ Michigan congressman slammed for appearing to suggest Gaza should be destroyed 'like Nagasaki and Hiroshima'
▼ + stars: | 2024-03-31 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Tim Walberg appeared to suggest the US should destroy Gaza "like Nagasaki and Hiroshima." The Congressman said that his words had been a metaphor and that they had been taken out of context. AdvertisementMichigan Congressman Tim Walberg is facing fierce criticism after appearing to suggest the US should drop a nuclear bomb on Gaza. In a video posted on X, formerly Twitter, Walberg can be heard saying: "It should be like Nagasaki and Hiroshima. This story is available exclusively to Business Insider subscribers.

Persons: Tim Walberg, Walberg, — Organizations: Service, Business Locations: Gaza, Nagasaki, Hiroshima, Michigan

☆ Western air bases that host Ukraine's F-16s are 'legitimate' targets for Russia, says Putin
▼ + stars: | 2024-03-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Putin said Western air bases hosting F-16 fighter jets will be "legitimate" targets. AdvertisementRussian President Vladimir Putin warned that Western air bases hosting F-16 fighter jets for Ukraine will be "legitimate" targets for the Kremlin's forces, according to The Associated Press. The AP noted that Western air bases may be used by Ukraine when it gets the jets, because they require high-standard runways and also protective hangars. Russia has a far superior air force to Ukraine, but Ukraine has been able to deny Russia from entering its air space through its use of air defense systems. But Ukraine is warning that its air defense munitions are running out, particularly with further aid from the US blocked by House Republicans.

Persons: Putin, —, Vladimir Putin, Lockheed Martin, it's, Joakim Paasikivi Organizations: Service, Associated Press, Lockheed, US Air Force's, AP, NATO, House Republicans, Air Locations: Swedish, Ukraine, Russian, Russia, Europe

☆ This biotech startup is finding new cancer drugs with $75 million from General Catalyst. Here's the pitch deck Georgiamune used to raise its Series A.
▼ + stars: | 2024-03-26 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Then, at the Georgia Cancer Center at Augusta University, he began the research that would eventually spin off into his first startup, Georgiamune. The same month, Georgiamune also got FDA clearance to begin human clinical trials for its first cancer drug candidate. Georgiamune's primary drug target works to solve a problem posed by another type of cancer drug on the market, called checkpoint inhibitors. For a Series A biotech startup, Georgiamune has an unusually extensive pipeline, with nine biological targets identified internally, all of which use different mechanisms of action than existing drugs. AdvertisementHere's the 21-slide pitch deck Georgiamune used to raise a $75 million Series A co-led by General Catalyst.

Persons: —, Samir Khleif, King, Khleif, Catalyst, CJNV BioVenture, Georgiamune, doesn't, Amy Abernethy, Khleif's, General Catalyst Organizations: Service, King Hussein Cancer Center, Georgia Cancer Center, Augusta University, Business, Parker Institute for Cancer, Mubadala, Alexandria Venture Investments, Catalio Capital Management, Verition Fund Management, Bicara Therapeutics, Therapeutics, General Locations: Jordan, Verily

☆ Ripple Labs accuses the SEC of trying to 'punish and intimidate' by seeking $2 billion in penalties from XRP developer
▼ + stars: | 2024-03-26 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The SEC is seeking fines and penalties worth $2 billion from Ripple Labs, its legal chief said. Stuart Alderoty said the SEC wanted to "punish and intimidate Ripple" and the wider crypto sector. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US's top financial watchdog is seeking penalties worth billions of dollars from Ripple Labs, the company behind the XRP cryptocurrency, its chief legal officer said. Stuart Alderoty wrote on X that the Securities and Exchange Commission asked US District Judge Analisa Torres to fine Ripple $2 billion.

Persons: Stuart Alderoty, XRP, —, Analisa Torres Organizations: SEC, Ripple Labs, Service, Securities and Exchange Commission, Business

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