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☆ Iga Świątek: How ‘introverted’ tennis star became a four-time grand slam champion and the world’s highest-paid female athlete
▼ + stars: | 2024-05-24 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

CNN —Calm and understated, Iga Świątek rarely appears flustered by the triumphant highs and heart-breaking lows of professional tennis, but discovering that she would be crowned world No. Since rising to the top of the rankings, the Polish star has been a dominant force in women’s tennis, winning 16 titles – 21 in total – and only once dropping from the No. “When we started working in 2019, I was really, really introverted,” says Świątek. Last year, she became the first female athlete to be sponsored by sportswear brand On and has helped to develop the company inaugural tennis range. Świątek was estimated by Forbes to be the world's highest-paid female athlete last year.

Persons: Świątek, ”, “, –, ” Świątek, Aryna Sabalenka, Susana Vera, Roland Garros, you’re, there’s, hasn’t, “ We’re, Yves Herman, Daria Abramowicz, Karolína Muchová, Julien de Rosa, it’s, Eileen Gu, Coco Gauff, Emma Raducanu, Naomi Osaka, Aryna, Williams, Maria, Sharapova, ” Max Eisenbud, Taylor Swift, Andre Agassi, Lindsey Vonn, Robert Prange, Eisenbud, I’ve, ” “, Monica Seles, Justine Henin – Organizations: CNN, tennis, CNN Sport, Madrid, Reuters, Porsche, Rolex, Getty, Forbes ’, Tennis, Forbes, Serena, Brands Locations: Madrid, Rome, AFP, American, Świątek

☆ Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
▼ + stars: | 2024-05-24 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +14 min

Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.

Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, —, Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter

☆ Is Pet Insurance Worth It? for Most People, the Answer Is No.
▼ + stars: | 2024-05-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

The North American Pet Health Insurance Association found that pet owners in the US paid $3.9 billion in premiums in 2023, a 22% increase from the year before. One thing is for sure: As the industry grows, pet insurance is becoming as confusing and messy as health insurance is for humans. Pet insurance isn't technically even health insurance; it falls in the property-and-casualty category. AdvertisementThe big problem with pet insurance is it's just an expensive productThere are three categories of pet insurance: accident only; accident and illness; and accident, illness, and wellness. Advertisement"It's important that pet owners understand the scope of what their pet insurance does and does not cover, so they're not caught off guard by unexpected payments," he said.

Persons: Gina Papini, Kato, Papini, That's, they've, Kevin Brasler, that's, Dan, Michael San Filippo, they're, Doug Kenney, Kenney, It's, Brasler, she's, Emily Stewart Organizations: American Pet Products Association, Pet Health Insurance Association, American Veterinary Medical Association, Rover, Consumers, Business Locations: reimbursing, Mexico

☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ A corner of the cancer therapy market is heating up—Here are the names investors need to know
▼ + stars: | 2024-05-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

A $25 billion market Meanwhile, RBC Capital Markets sees a $25 billion market opportunity for the space. A name Jones likes is Perspective Therapeutics , which he rates outperform. CATX 1Y mountain Perspective Therapeutics year to date Cantor Fitzgerald is also bullish on the name. So it's really an ideal profile," said Piper Sandler analyst Edward Tenthoff, who doesn't cover Perspective Therapeutics. Then there is Lantheus Holdings , which calls itself a radiopharmaceutical-focused company and has a $5.6 billion market cap.

Persons: There's, Eli Lilly, Myers, Jefferies, Andrew Tsai, radiopharma, Oppenheimer, Jeff Jones, FactSet, William Blair, Read, — it's, Andy Hsieh, Gregory Renza, Jones, Cantor Fitzgerald, Louise Chen, it's, Piper Sandler, Edward Tenthoff, Dan Lyons, Janus Henderson, Lantheus, Roanna Ruiz Organizations: Novartis, pharma, Mariana Oncology, Myers Squibb, AstraZeneca, Fusion Pharmaceuticals, RBC Capital Markets, TRT, Therapeutics, Alpha, Janus, Janus Henderson Investors, Lantheus Holdings, Lantheus, Leerink, ~$ Locations: Biopharma, Bristol, Mariana, radiopharma, New Jersey

☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ Sweeping changes to America's aging power grid are on their way to help bypass NIMBY roadblocks and state infighting
▼ + stars: | 2024-05-23 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +9 min

America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.

Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California

☆ Boeing Starliner historic crewed launch delayed again indefinitely
▼ + stars: | 2024-05-22 | by ( Deblina Chakraborty | ) edition.cnn.com time to read: +5 min

“The team has been in meetings for two consecutive days, assessing flight rationale, system performance, and redundancy,” NASA said in a statement. Boeing’s historic goalsNASA astronauts Suni Williams (left) and Butch Wilmore pose on April 25 ahead of the planned Starliner launch attempt. Boeing designed the Starliner to rival SpaceX’s prolific Crew Dragon capsule and expand US options for ferrying astronauts to the space station. Meanwhile, Boeing’s rival under NASA’s commercial crew program — SpaceX — has become the go-to transportation provider for the space agency’s astronauts. Williams and Wilmore were already in their seats aboard the Starliner capsule May 6 when engineers found an issue and halted the launch.

Persons: CNN —, Suni Williams, Butch Wilmore, Joe Skipper, Bill Nelson, —, ”, Williams, SpaceX —, Wilmore, CNN’s Jackie Wattles, Ashley Strickland Organizations: CNN, NASA, Boeing, Atlas V, International Space, Mercury, Gemini, Apollo, SpaceX, United Launch Alliance, V Locations: Houston, United States

☆ This researcher studied happiness for 10 years to try and find it herself—now she has a new definition for it
▼ + stars: | 2024-05-22 | by ( Renée Onque | ) www.cnbc.com time to read: +6 min

CNBC Make It spoke to her about why she challenges the common definition of happiness and offers up a new one. Experiencing my own challenges with my mental health, my physical health, my relational health, and that compelled me to want to understand what I was doing wrong. Based on your research, what are some things that people get wrong about happiness, and what actually leads to true happiness? I thought it was very interesting that you've formed this "New Happy" community. I started to build the community by doing things like providing free challenges every week.

Persons: Stephanie Harrison's, Harrison, Dr, Martin Seligman, Penn, we're Organizations: CNBC, University of Pennsylvania Locations: Penn

☆ Nvidia just keeps hitting it out of the park
▼ + stars: | 2024-05-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Nvidia released its fiscal first-quarter results on Wednesday and reported record quarterly revenues of $26 billion — outdoing analyst estimates for $24.65 billion. This story is available exclusively to Business Insider subscribers. Nvidia shared a solid forecast for the future, too, saying second-quarter revenue will be about $28 billion, also ahead of expectations. Nvidia also raised its quarterly dividend by 150%, from four to 10 cents per share, and announced a 10-for-1 stock split, effective next month. "We can expect that more bold innovative moves from Nvidia will help it maintain its industry position for the foreseeable future."

Persons: —, Nvidia's, Blackwell, Colette Kress, Kress, Jensen Huang, Jacob Bourne, Bourne Organizations: Service, Nvidia, Business, Blackwell, Google, Microsoft, " Tech

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ Neom axed a $1.5B project to make water for the city, report says — another blow to its grand ambition
▼ + stars: | 2024-05-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Neom canceled a desalination project worth $1.5 billion, according to a report. Enowa, a Neom subsidiary, told Meed it's water requirements had evolved. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA project to build a $1.5 billion water desalination plant in the Saudi Arabian desert city of Neom appears to have been scrapped. A consortium made up of Neom subsidiary Enowa, Japan's Itochu, and France's Veolia had agreed to develop the plant in December 2022.

Persons: Neom, Meed, —, Japan's Itochu Organizations: Service, Veolia, Business Locations: Saudi Arabia, Saudi, Neom

☆ Horrible nightmares and ‘daymares’ linked to autoimmune disease
▼ + stars: | 2024-05-21 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

Vivid, disturbing nightmares may be a sign of a newly developing autoimmune disorder or an upcoming flare of existing disease, experts say. Researchers found 3 in 5 lupus patients, and 1 in 3 patients with other rheumatology-related diseases, had increasingly vivid and distressing nightmares just before their hallucinations. Systemic autoimmune diseases often have a range of symptoms, called prodromes, that appear as signs of a sudden and possibly dangerous worsening of the condition. Connect the dots to autoimmune diseaseOn first glance, it would make sense that such neurological manifestations as nightmares would occur if the autoimmune disease impacts the brain, which lupus often does, Sloan said. “In some cases, reporting these symptoms earlier, even if they seem strange and unconnected, may lead to the doctor being able to ‘join the dot’s’ to diagnose an autoimmune disease.”

Persons: “, “ He’s, I’m, ”, Melanie Sloan, ” Sloan, Lupus, ” Jennifer Mundt, ” Mundt, “ I’m, Sloan, David D’Cruz, rheumatologist, that’s, Carlos Schenck, ” Schenck, shouldn’t Organizations: CNN, University of Cambridge, Northwestern University’s Feinberg School of Medicine, Guy’s Hospital, Kings College London, Hennepin County Medical, University of Minnesota Locations: Canadian, United Kingdom, Chicago, Hennepin, Minneapolis

☆ OpenAI cofounder says artificial general intelligence is coming fast — and needs some 'reasonable limits'
▼ + stars: | 2024-05-21 | by ( Beatrice Nolan | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Read previewThe age of AGI is coming and could be just a few years away, according to OpenAI cofounder John Schulman. Speaking on a podcast with Dwarkesh Patel, Schulman predicted that artificial general intelligence could be achieved in "two or three years." A spokesperson for OpenAI told The Information that the remaining staffers were now part of its core research team. Schulman's comments come amid protest movements calling for a pause on training AI models. Groups such as Pause AI fear that if firms like OpenAI create superintelligent AI models, they could pose existential risks to humanity.

Persons: —, John Schulman, Dwarkesh Patel, Schulman, AGI, Elon Musk, OpenAI, Kayla Wood, Jan Leike, Ilya Sutskever Organizations: Service, Business, Tech, Washington Post

☆ We're in the era of heat pumps — a market that experts say is 'set to skyrocket'
▼ + stars: | 2024-05-21 | by ( Pia Singh | ) www.cnbc.com time to read: +10 min

This old technology getting some fresh attention is a trend investors may not want to miss: Heat pumps. Heat pumps provide both air conditioning and heat — all in one device. Heat pumps could play a viable role in this regard," Muhedini said in a research note last week. The DOE also runs a Residential Cold Climate Heat Pump Technology Challenge , which is partnered with Trane, Carrier, and Johnson Controls, among other leading heat pump makers. In the chemicals sector, companies that produce more eco-friendly refrigerants for heat pumps could one day reap the benefits of recent legislation in the U.S. that will ban next year the production of heat pumps that use refrigerants with high levels of global warming potential.

Persons: hasn't, They're, William Thompson, Amantia, Muhedini, Thompson, Johnson, Jefferies, Stephen Volkmann, Trane, Andrew Kaplowitz, Deane Dray, Dray, Lennox, Owens, It's, they've, Nestle Organizations: UBS, McKinsey, Barclays, United Nations, UN, International Energy Agency, Johnson Controls, Carrier, Solutions, Citi, Wednesday, U.S . Department, DOE, Trane, RBC Capital, Johnson, Companies, Rockwell Automation, Honeywell International, Arkema, Unilever Locations: industrials, U.S, Paris, Trane, Monday's, Spain, Switzerland

☆ 102-year-old still works 3 days a week at the resort she co-founded in 1940: Her best advice for a long, happy career
▼ + stars: | 2024-05-21 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

"He called me and I said, 'Well, I guess we're gonna be in Mexico,'" Szekely says. My husband was due to go to England, and when we married, we were going to England," Szekely tells CNBC Make It. Deborah Szekely is 102 years old and works three days a week at the fitness resort and spa that she co-founded with her then-husband in 1940. Now, Rancho La Puerta is led by the Szekely's daughter, Sarah Livia Brightwood, who is the resort's president, but Deborah is still heavily involved in the resort's operations. I meet with the presenters [every] Tuesday, so I know what my guests are talking about," Szekely tells CNBC Make It.

Persons: Szekely, Edmond's, Deborah Szekely, Deborah, Sarah Livia Brightwood, Centenarians Organizations: CNBC, Rancho, Puerta, Rancho La Puerta Locations: Mexico, Edmond, England, Szekely's, North America, San Diego

☆ Sam Altman's self-own with ScarJo reveals a troubling question about OpenAI: What's with these clowns?
▼ + stars: | 2024-05-21 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI's fight with Scarlett Johansson isn't just a PR disaster (and a big one at that). Most of all, it shows there's just really, really bad judgment going on at the highest levels of Sam Altman's company. But everyone immediately noticed that the "Sky" voice that ended up on ChatGPT reminded them of ScarJo. And then Sam Altman, in one of the greatest self-own moves of the generative AI era, tweeted out "her" during the product demo last week. The OpenAI team used a Scarlett Johansson sound-alike voice — also completely avoidable.

Persons: —, Scarlett Johansson isn't, there's, Sam Altman's, ScarJo, Johansson, OpenAI, Scarlett Johansson, Sam Altman, wasn't, Johansson's, Altman, it's, Ilya Sutskever Organizations: Service, Business, Hollywood, SAG, CNN, Reuters, Marvel, tech's, Facebook, Microsoft, eventual Locations: Turkey

☆ I became a data analyst and grew my salary 5x without working in Big Tech. Non-tech companies offer more flexibility and less stress.
▼ + stars: | 2024-05-21 | by ( Charlotte Chaze | ) www.businessinsider.com time to read: +8 min

Landing a data analyst job helped me achieve the life I had dreamed ofI started looking at job boards and saw a ton of data analyst positions, with an average starting salary of around $70,000, in 2018. I don't feel that working in Big Tech is worth itWhen people think about working a tech job, many think of Big Tech companies like Tesla and Meta, which offer the highest salaries and have a certain air of prestige. Although they might not be quite as high as Big Tech roles, the salaries at non-tech companies can be super competitive, especially if you focus on non-tech companies in the Fortune 500. When you apply for tech jobs at non-tech companies, you're not competing against people who are trying to be the best in the world. AdvertisementI advise anyone hoping to land their first data analyst job at a non-tech company to start looking at their current job as an asset and find where it overlaps with data analyst jobs.

Persons: —, I'd, we're, Barry, Charlotte Chaze, Charlotte Chaze There's, you'll, Jane Zhang Organizations: Service, Business, Comcast, Disney, Big Tech, Kroger, & $ Locations: Philadelphia, Delaware, Catskills, Charlotte, El, Forest , Puerto Rico, janezhang@businessinsider.com

☆ Tech giants pledge AI safety commitments — including a ‘kill switch’ if they can’t mitigate risks
▼ + stars: | 2024-05-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

A slew of major tech companies including Microsoft , Amazon , and OpenAI, on Tuesday agreed to a landmark international agreement on artificial intelligence safety at the Seoul AI Safety Summit. The agreement will see companies from countries including the U.S., China, Canada, the U.K., France, South Korea, and the United Arab Emirates, make voluntary commitments to ensure the safe development of their most advanced AI models. In those sorts of extreme circumstances, companies say they will implement a "kill switch" that would see them cease development of their AI models if they can't guarantee mitigation of these risks. "It's a world first to have so many leading AI companies from so many different parts of the globe all agreeing to the same commitments on AI safety," Rishi Sunak, the U.K.'s prime minister, said in a statement Tuesday. "These commitments ensure the world's leading AI companies will provide transparency and accountability on their plans to develop safe AI," he added.

Persons: Rishi Sunak Organizations: Microsoft, Seoul AI Safety, United Arab Locations: Seoul, U.S, China, Canada, France, South Korea, United Arab Emirates

☆ If you're not making progress in therapy, you might be intellectualizing your emotions. Here are 3 signs, according to a therapist.
▼ + stars: | 2024-05-21 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +7 min

You might fixate on understanding why you're feeling this way, why the upsetting situation has occurred, and what you can rationally do to resolve it. AdvertisementShe shared three signs that you might be intellectualizing your feelings and how you can start to feel safe enough to feel them. The goal of therapy should be to support when you're feeling safe enough that you want to feel your feelings." You feel emotionally disconnected from people and things in your lifeFeeling a sense of emptiness or disconnection could be a sign you're intellectualizing your feelings. You're responding normally but you don't feel fully authentic or present because you're thinking too much and you're "stuck in your head."

Persons: —, Trisha Wolfe, Wolfe, they've, They'll, I'm, Intellectualizing Organizations: Service, Business, Systems Locations: Michigan, intellectualizing

☆ It's shaping up to be a tough summer for the stock market, but Nvidia could help salvage things
▼ + stars: | 2024-05-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we examine how this summer is shaping up to be tough for the stock market . Stocks are on track to either remain flat or turn negative going forward , according to two market vets Jennifer spoke to. The pessimism about stocks' future is due to a few factors. Some Nvidia employees are considered to be millionaires SOPA ImagesThere is, however, one company that could salvage things: Nvidia. As the key chipmaker in the space, a win for Nvidia is a win for everyone betting on AI being the future.

Persons: —, Jenny Chang, Rodriguez, Jennifer Sor, Stocks, Jennifer, It's, Jerome Powell, BI's Linette Lopez, Warren Buffett Scott Morgan, Warren, Berkshire Hathaway, Goldman Sachs, Michael Burry, John Paulson, Alyssa Powell, Gen Zers, Instagram, Vincent Sandoval, Getty, Henrik Sorensen, Tyler Le, Larry Ellison, it's, aren't, Cash, Bill Lee, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, New York Knicks, NBA, Business, Getty, Fidelity, Hamptons, Nvidia, Reuters, Berkshire, JPMorgan, Meta, Sciences, Apple, The Locations: Montauk, Berkshire, New York, London

☆ What Walmart's RTO mandate is really about
▼ + stars: | 2024-05-20 | by ( Dominick Reuter | Tim Paradis | ) www.businessinsider.com time to read: +7 min

Walmart's chief people officer, Donna Morris, commented similarly in a memo announcing the layoffs and relocations earlier that week. She wrote that working in an office would help workers collaborate, innovate, and "move even faster." Still, some employees continued working remotely, and several satellite offices remained open in cities like Atlanta, Dallas, Toronto, and Seattle. He also said he doesn't think the company is using this RTO mandate as a cover for achieving cost savings through workforce reductions, commonly referred to as "quiet firing," but that it's more part of Walmart's ethos. For the remote worker BI spoke with, the next few weeks will be filled with uncertainty.

Persons: —, it's, Sam Walton, Nelson Lichtenstein, Doug McMillon, Donna Morris, Morris, Suresh Kumar, Walmart's, Kumar, Kelli Oakes, she'd, I'm, Oakes, Lichtenstein, there's, Gartner Organizations: Service, Walmart, Business, University of California, Executives, BI, Home, LinkedIn, Walmart Global Tech, Sam's Club, UC Locations: Arkansas, Bentonville , Arkansas, New York, San Francisco, Santa Barbara, Bentonville, Atlanta, Dallas, Toronto, Seattle, Bay, Hoboken , New Jersey, South Carolina, Northwest Arkansas

☆ Supreme Court refuses to hear case from parents who objected to school’s transgender support plans in DC suburbs
▼ + stars: | 2024-05-20 | by ( John Fritze | ) edition.cnn.com time to read: +2 min

CNN —The Supreme Court on Monday declined to review an appeal from a group of parents who claimed their suburban Washington-area school district was hiding transgender support plans involving their children. It’s the latest in a series of cases where the high court has dodged the issue of transgender rights at school – often leaving in place lower court rulings that sided with trans students. The appeals court said that the parents had not established that they were injured in a way that allowed them to sue. Three years ago, the Supreme Court declined to take up an appeal from a Virginia school district about whether schools may ban transgender students from using a bathroom that reflects their gender identity. Last year, the court denied West Virginia’s request to let it enforce a state law that bans transgender women and girls from participating on public school sports teams.

Persons: “, ”, West Organizations: CNN, Montgomery Country Locations: Washington, Maryland, Maine, California, Virginia

☆ Spirit Airlines gets rid of change and cancellation fees, joining Frontier
▼ + stars: | 2024-05-20 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Spirit Airlines is doing away with both change and cancellation fees, effective immediately, days after Frontier's similar announcement, part of an overhaul of the country's biggest discount carriers' longtime strategy. Ancillary revenue routinely surpasses those airlines' ticket prices. Most larger rivals such as Delta , American , Alaska and United got rid of change fees during the pandemic except for the cheapest, most restrictive tickets. Along with getting rid of change fees, Frontier also announced Friday that it will start offering bundles that include add-on options such as early boarding and checked baggage that they previously offered a la carte.

Persons: Matt Klein, Joe Biden, Biden Organizations: Spirit Airlines, Austin, Bergstrom International Airport, CNBC, Southwest Airlines, Frontier, Department of Transportation, Spirit Locations: Austin , Texas, Delta, Alaska, United

☆ Europe Wants to Build a Stronger Defense Industry, but Can’t Decide How
▼ + stars: | 2024-05-20 | by ( Patricia Cohen | Liz Alderman | ) www.nytimes.com time to read: +1 min

France and Germany’s recent agreement to develop a new multibillion-dollar battlefield tank together was immediately hailed by the German defense minister, Boris Pistorius, as a “breakthrough” achievement. Russia’s invasion of Ukraine more than two years ago jolted Europe out of complacency about military spending. After defense budgets were cut in the decades that followed the Soviet Union’s collapse, the war has reignited Europe’s efforts to build up its own military production capacity and near-empty arsenals. Daunting political and logistical hurdles stand in the way of a more coordinated and efficient military machine. And they threaten to seriously hobble any rapid strengthening of Europe’s defense capabilities — even as tensions between Russia and its neighbors ratchet up.

Persons: Boris Pistorius, ” Locations: France, Ukraine, Europe, Soviet, Russia

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