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X, the social media company formerly known as Twitter, could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns after its owner, Elon Musk, endorsed an antisemitic conspiracy theory this month. They list how much ad revenue X employees fear the company could lose through the end of the year if advertisers do not return. On Friday, X said in a statement that $11 million in revenue was at risk and that the exact figure fluctuated as some advertisers returned to the platform and others increased spending. The company said the numbers viewed by The Times were either outdated or represented an internal exercise to evaluate total risk. X is also running ad campaigns during the holiday period to try to make up for revenue shortfalls.

Persons: Elon Musk, Musk, X, Musk’s, Linda Yaccarino, ” Leesha Anderson, ”, Uber, Jack, Netflix’s, Chris Christie, it’s Elon Musk, Yaccarino, ” X, “, ’, Ms, “ Lean, Tiffany Hsu Organizations: The New York Times, IBM, Apple, Disney, X, Microsoft, The Times, Twitter, Netflix, Google, NBC Universal, NBC, Press, Republican, Media, National Football League, New York Times, Athletic Locations: ”, Gaza, Israel

☆ U.S. CEOs on the Chinese Menu
▼ + stars: | 2023-11-17 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

Journal Editorial Report: The week’s best and worst from Bill McGurn, Kate Bachelder Odell, Mene Ukueberuwa, and Kim Strassel. Images: AFP/Getty Images/Reuters Composite: Mark KellyWhatever the merits of this week’s summit between President Biden and Chinese President Xi Jinping , there was no reason for U.S. business leaders to trip over themselves to get in on the action. Yet there they were Wednesday evening, kowtowing to Mr. Xi at a dinner that delivered China a propaganda coup and the CEOs an embarrassment. The dinner, for which ticket prices ranged up to $40,000, sounds like some affair. Mr. Xi received a standing ovation for taking the stage before he said a word.

Persons: Bill McGurn, Kate Bachelder Odell, Mene Ukueberuwa, Kim Strassel, Mark Kelly, Biden, Xi Jinping, kowtowing, Xi, Tim Cook Organizations: Getty, Qualcomm, Boeing, U.S Locations: China

☆ IOC's ban on Russia cannot be compared with Israel situation
▼ + stars: | 2023-11-03 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures while speaking during the second day of the 141st IOC session in Mumbai, India, October 16, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBERLIN, Nov 3 (Reuters) - Russia's attempt to compare the country's Olympic Committee suspension with the situation of Israeli athletes following the start of the conflict between Israel and Hamas was out of place, the International Olympic Committee said on Friday. The IOC did not ban the Russian Olympic Committee (ROC) until last month after it recognised regional organisations from four territories annexed from Ukraine. The IOC said on Oct. 12 the ROC would be banned with immediate effect after it recognised Olympic Councils from the regions of Luhansk, Donetsk, Kherson and Zaporizhzhia. "Once again we see an example of the bias and failure of the International Olympic Committee, which time after time proves its political bias."

Persons: Thomas Bach, Niharika Kulkarni, Sergei Lavrov, Lavrov, Karolos Grohmann, Gabrielle Tetrault, Farber, Ed Osmond Organizations: Olympic Committee, 141st IOC, REUTERS, Rights, International Olympic, Russian, IOC, Olympics, Olympic, Winter Games, Russian Olympic Committee, National Olympic Committee of, International Olympic Committee, Paris Olympics, Thomson Locations: Mumbai, India, Israel, Ukraine, Russian, Luhansk, Donetsk, Kherson, Zaporizhzhia, National Olympic Committee of Ukraine, United States, Paris

☆ McCarthy became the latest victim of Trump’s extreme GOP revolution
▼ + stars: | 2023-10-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

More importantly Tuesday’s political regicide showed that the majority in the House is inoperable and that the Republican Party is unmanageable. But far from ejecting Biden from office, McCarthy himself was gone in less than a month of launching that inquiry. But a Republican speaker who needs Democratic votes is on borrowed time, although no one could have know that the end would come so soon. For the transgression of trying to fashion some, albeit erratic, governance, McCarthy joined predecessors such as GOP Speaker John Boehner and Paul Ryan in being driven out of office. McCarthy bitterly criticized Democrats for allowing eight GOP rebels to drive him out of office by not providing sufficient votes to save him.

Persons: Kevin McCarthy’s, Donald Trump, Trump, CNN McCarthy, Matt Gaetz, Joe Biden’s, Biden, McCarthy’s, Kevin McCarthy, McCarthy, Jake Tapper, Tim Burchett, “, ”, McCarthy –, John Boehner, Paul Ryan, ” McCarthy, – McCarthy, Gaetz, didn’t, – Trump, Kevin, Liz Cheney, Hunter’s, –, enablers, CNN Trump Organizations: CNN, GOP, Republican Party, Florida Rep, Tennessean, Biden, Senate, Republicans, Democratic, House Republicans, Trump, California Republican, Capitol, Republican Locations: New York, America, Mar, Ukraine, –, Wyoming

☆ Inside the secretive world of superyachts, where the world's elite gather to relax and broker deals away from prying eyes
▼ + stars: | 2023-09-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

"They are the smallest country in the world," he said of the global community of billionaire superyacht owners. FlickrThe level of wealth of superyacht owners vastly exceeds that of even the sports stars and celebrities occasionally pictured on board. Superyacht owners can be intolerant of even the tiniest error or delay, the source said, and staff operate to precise schedules. Bruce Bennett/Getty ImagesSpy drones and bugging devicesAnd embarrassing guests are far from the only problem superyacht owners face. The privacy of the vessels, and the wealth, fame, and power of their owners and passengers inevitably draw unwelcome attention.

Persons: superyachts, David Geffen, you've, VALERY HACHE, you'd, they're, they've, Bruce Bennett, Simon Rowland, Rowlands, Spies Organizations: Service, Staff, Flickr, International Monaco, Getty, titans, UK Royal Marines, Veritas, superyachts Locations: Wall, Silicon, Yachtharbor.com, Hercules, Monaco, AFP

☆ Ron DeSantis needs to 'show charisma' and be 'about looking people in the eye' if he wants to actually become president, says New Hampshire Gov. Chris Sununu
▼ + stars: | 2023-07-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sununu said DeSantis would have show "charisma and leadership" in order to win the GOP primary. Despite the stream of GOP candidates in the state, former President Trump retains a polling edge. DeSantis has heavily touted after enacting plenty of conservative policies in Florida as a cornerstone of his candidacy, but New Hampshire Gov. Sununu recently argued that Trump polling below 50% in New Hampshire gave other candidates a huge opportunity to make the case for their respective candidacies. "Either you're willing to swing, you're willing to give the punch and take the punch and show leadership, or you're kowtowing," Sununu said during an interview on Fox News.

Persons: Sununu, DeSantis, We've, Hugh Hewitt's, Trump, — they're, Donald Trump, Ron DeSantis, Chris Sununu, Hugh Hewitt, Hewitt, You've, you've, they've, Sen, Tim Scott of, Doug Burgum, Chris Christie, Vivek Ramaswamy, Nikki Haley Organizations: GOP, Service, Republican, New Hampshire Gov, University of New, Gov, Trump, Fox News Locations: Wall, Silicon, New Hampshire, Granite State, Florida, University of New Hampshire, Tim Scott of South Carolina, North Dakota, New Jersey, South Carolina

☆ Ron DeSantis is trailing Trump in the polls because he hasn’t ‘hit him hard enough’ and isn’t a ‘memorable personality,’ political experts say
▼ + stars: | 2023-07-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +6 min

Ron DeSantis hoped that Donald Trump's legal woes would hurt his opponent, per The New York Times. A USC political science professor told Insider that DeSantis hasn't hit Trump "hard enough." With eight months until the primaries, the public's opinion can still change — and so can Trump's legal standing. As for Trump's top challenger for the GOP nomination, Grose said DeSantis hasn't quite "hit him hard enough." Regardless, it appears like the DeSantis campaign is working hard on its reboot.

Persons: Ron DeSantis, Donald Trump's, Trump, Jack Smith, Christian Grose, Grose, DeSantis, Biden, Justice Department's, kowtowing, Anthony Fauci, Cal Jillson, Jillson, —, Ronald Reagan, Bill Clinton, Donald Trump, He's Organizations: New York Times, Trump, USC, Service, GOP, Truth, University of Southern, Republican, Biden Administration, Department of Justice, Justice, CNN, Southern Methodist University, Politico Locations: Florida, Wall, Silicon, Trump, University of Southern California, DeSantis, Iowa, New Hampshire

☆ Chris Sununu says the 2024 GOP presidential candidates must be 'willing to swing' and 'take the punch' if they want a real shot at dethroning Trump in the primaries
▼ + stars: | 2023-07-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sununu said Trump's frontrunner status won't shift if GOP candidates aren't willing to go after him. "That's 60% of the voters right now that are not with Trump in New Hampshire," he said on Fox News. Chris Sununu on Saturday said that the crop of GOP presidential candidates going up against former President Donald Trump can defeat the ex-commander-in-chief if they're willing to go after him. "That's 60% of the voters right now that are not with Trump in New Hampshire," Sununu remarked while on-air. "Either you're willing to swing, you're willing to give the punch and take the punch and show leadership, or you're kowtowing," Sununu said, adding that it is unlikely that a GOP candidate will flip a committed Trump backer anyway.

Persons: Sununu, Chris Sununu, Donald Trump, they're, The New Hampshire Republican —, —, dethrone Trump, Trump, Ron DeSantis, Sen, Tim Scott of, Doug Burgum, Chris Christie, Vivek Ramaswamy, Nikki Haley, He's, Chris, Christie, Joe Biden, Asa Hutchinson of Organizations: GOP, Trump, Fox News, Service, The New Hampshire Republican, of New, Gov, Republican Locations: New Hampshire, Wall, Silicon, The, of New Hampshire, Florida, Tim Scott of South Carolina, North Dakota, New Jersey, South Carolina, Asa Hutchinson of Arkansas

☆ Ted Cruz is getting really worked up about the 'Barbie' movie and accusing it of feeding young girls 'Chinese communist propaganda'
▼ + stars: | 2023-07-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ted Cruz slammed the "Barbie" movie for its depiction of a disputed region in the South China Sea. "This is Chinese communist propaganda," Cruz told The Daily Signal on Sunday. "This is Chinese communist propaganda in which the Chinese are asserting sovereignty over the entirety of the South China Sea. This is not the first time the Texas Republican has weighed in on the "Barbie" movie. China has built 20 outposts in the Paracel Islands, a group of small islands and reefs in the South China Sea.

Persons: Ted Cruz, Cruz, Sen, Barbie, it's, " Cruz, hasn't Organizations: Daily, Service, Texas Republican, Twitter, Chinese Communist Party, Hollywood, Hague, US, US Navy, China, South China, Warner Bros Locations: South China, Vietnam, Philippines, Wall, Silicon, Texas, Asia, China, Paracel, South, United States, Barbie

☆ Elon Musk praises China's AI developments at state-backed conference sponsored by US-sanctioned companies
▼ + stars: | 2023-07-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk appeared via video link at the World AI Conference in Shanghai, per Bloomberg. The government-hosted conference is sponsored by Huawei and SenseTime – both sanctioned in the US. Elon Musk praised China's developments in AI as he discussed the technology at a government-backed conference on Thursday, Bloomberg reported. Musk appeared on screen at the World AI Conference in Shanghai, which is hosted by Chinese government ministries, per South China Morning Post. According to Reuters, Musk met with China's sixth highest-ranked leader, Vice Premier Ding Xuexiang — believed to be the first time he's met one-on-one with a foreign CEO.

Persons: Elon Musk, Musk, –, Ding Xuexiang —, he's, Vivek Ramaswamy, Tesla, Twitter Organizations: World AI Conference, Bloomberg, Huawei, SenseTime, Morning, China Morning, Amazon Web Services, IBM, Microsoft, Qualcomm, US, Shanghai, —, Reuters, Chinese Communist Party Locations: Shanghai, China, Xinjiang, Western China

☆ Republican presidential candidate slams Elon Musk for saying the US and China's interests are 'intertwined like conjoined twins'
▼ + stars: | 2023-06-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Vivek Ramaswamy has called some of Musk's comments to Chinese officials "deeply concerning." According to Chinese officials, Musk said he's opposed to the two nations weakening economic ties. Republican candidate Vivek Ramaswamy has called some of Elon Musk's comments to Chinese officials "deeply concerning." According to a statement from the Chinese foreign ministry, Musk told officials he's opposed to the two countries weakening their economic ties. He described the US and China's interests as "intertwined like conjoined twins," according to the ministry's statement.

Persons: Vivek Ramaswamy, Musk, he's, Elon Musk's, he'd, Ramaswamy, Ma, Zeng Yuqun, Fu, Tesla, Ray Dalio, Matthew Loh Organizations: Morning, Twitter, Chinese Communist Party, Weibo, Reuters, Fu Yan Locations: China

☆ California Gov. Gavin Newsom demands records from textbook companies to see which are caving to Florida's 'extremist' demands
▼ + stars: | 2023-05-21 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Gavin Newsom wants to know which textbook publishers caved to Florida's demands. Newsom said his office sent a public records request to the Florida Department of Education to see which publishers it asked to change their books. Gavin Newsom is demanding textbook publishers hand over records to show if any companies making reading materials for the state had caved to Florida's demands to remove some topics about race and other historical subjects. Ron DeSantis and the DOE asking for all communication between them and textbook publishers that show all the revisions they requested in order to get a textbook approved by the state. One of the books rejected by the Florida Department of Education, "Social Studies Alive!

It would be a striking show of leniency by a notoriously tough regulator. has been among the most aggressive in policing Big Tech, having fined companies like Google billions and forced changes in their business practices. And given the size and importance of the British, European and U.S. markets, simply ignoring any one of them is impossible. ; overturning the British regulator’s decision is expected to be especially tough. appeal could take months, and will review only whether the regulator’s decision followed proper procedures.)

☆ Why Biden can't gloat about Trump becoming the first former president to face potential criminal charges
▼ + stars: | 2023-03-21 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

"Let Trump steep in his own juices." "Let Trump steep in his own juices." If Trump is indicted, Biden undoubtedly will be asked for a response in every interaction he has with reporters. Biden has been more rhetorically disciplined as president than he was as vice president and a senator, when his verbal gaffes were routinely used as punchlines. The smart move would be to say he'll let the criminal justice system take its course and let Republicans fight it out, said Bannon.

☆ DeSantis' hand-picked Walt Disney World oversight board meets for the first time
▼ + stars: | 2023-03-08 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +4 min

REUTERS/Octavio JonesMarch 8 (Reuters) - A new board controlling Walt Disney World's special taxing district in Florida will meet for the first time on Wednesday, as Governor Ron DeSantis' hand-picked group gets ready to end the entertainment giant's "corporate kingdom." Nothing in the language of the legislation creating the Central Florida Tourism Oversight District gives the board of supervisors authority to direct Walt Disney Co's (DIS.N) content. "The District board members are now in place and will be examining all of the needed actions to get back on track," Bryan Griffin, a spokesman for the governor, said on Tuesday. Legislators in Florida passed a bill in February giving DeSantis effective control over a board that oversees municipal services and development in a special district that encompasses Walt Disney World resort. “Shameful to see Disney continue to use children as pawns to advance their WOKE political agenda,” Ziegler tweeted.

☆ Giving away more power did nothing for Kevin McCarthy, who lost his 8th House speaker ballot after further bowing to dissidents' demands
▼ + stars: | 2023-01-05 | by ( Warren Rojas | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy kept flailing Thursday as 20 House conservatives torched another speaker vote. Republican Rep. Josh Gottheimer, who was once a thorn in House Democrats' side, said the GOP could be in for chaos if talks could on their current trajectory. Republican Rep. Dan Crenshaw of Texas previously compared bringing back the procedural maneuver to governing "with a gun to your head." According to multiple reports, McCarthy has now agreed to let a single House Republican wield that power. This almost certainly means McCarthy would need to rely on House Democrats, a scenario that has doomed past GOP speakers.

☆ Kyrsten Sinema's party switch may make life that much harder for her already stressed out Hill staff
▼ + stars: | 2022-12-12 | by ( Warren Rojas | Nicole Gaudiano | ) www.businessinsider.com time to read: +4 min

Kyrsten Sinema's staff have had a tough time on Capitol Hill, with complaints of a "demoralizing" workplace. "He (and his staff) built a lot of good relationships with other senators and their staff," Overland wrote of the goodwill Lieberman had earned during his career. "Sen. Sinema has been in office less than one term and has been causing headaches for the party pretty much the entire time." A Sinema spokesperson declined to comment for this story. John LaBombard, Sinema's former communications director, said on Friday that Sinema told her staff about her decision in advance and he had not heard any negative reaction so far.

☆ Saudi Arabia rejects statements critical of OPEC+ oil cut
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: +1 min

Saudi Arabia rejected as "not based on facts" statements criticizing the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections. President Joe Biden pledged earlier this week that "there will be consequences" for U.S. relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target by 2 million barrels per day. OPEC+, the producer group comprising the Organization of the Petroleum Exporting Countries (OPEC) plus allies including Russia, announced its new production target after weeks of lobbying by U.S. officials against such a move. The United States accused Saudi Arabia of kowtowing to Moscow, which objects to a Western cap on the price of Russian oil in response to its invasion of Ukraine. The Saudi foreign ministry statement, quoting an unnamed official, stressed the "purely economic context" of the oil cut.

☆ Saudi Arabia says OPEC+ oil cut 'purely economic'
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Oct 13 (Reuters) - Saudi Arabia rejected as "not based on facts" statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves the interests of both consumers and producers. The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday. President Joe Biden pledged earlier this week that "there will be consequences" for U.S. relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target by 2 million barrels per day. The United States accused Saudi Arabia of kowtowing to Moscow, which objects to a Western cap on the price of Russian oil in response to its invasion of Ukraine. The Saudi foreign ministry statement, quoting an unnamed official, stressed the "purely economic context" of the oil cut.

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