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☆ Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
▼ + stars: | 2024-09-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction. "I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC "Squawk Box" interview. "Right now, we still have a strong, healthy labor market. In their latest economic projections, FOMC members indicated that rate is probably around 2.9%; the current fed funds rate is targeted between 4.75% and 5%. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate.

Persons: Neel Kashkari, we're, Kashkari, Kasharki, Raphael Bostic, Bostic Organizations: Minneapolis Federal, CNBC, Federal Reserve, Atlanta Fed, Fed Locations: Minneapolis

☆ A millennial FIRE couple shares how moving abroad and living on a $50k income helped them quadruple their net worth to $700k in 6 years
▼ + stars: | 2024-09-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementDavis shared how he's grown his net worth — and why he thinks finding one's dream work can help them live their ideal life. For example, if a person retires at age 60 — rather than age 50 — then it would be much easier for them to hit their retirement savings goal. That's why Davis thinks the key is finding one's dream work. "You just need enough money to cover any shortfall between what you want to spend and what your dream work pays," he said. To be sure, finding a job — forget about one's dream job — is easier said than done in today's economy.

Persons: —, he'd, Brian Davis, Davis —, he's, Davis, — Davis, Brian Davis Davis, Katie, it's, they've, hasn't, That's Organizations: Service, FIRE, Business, BI Locations: Abu Dhabi, Brazil, Lima, Peru, South America

☆ DryMerge aims to link your apps in one place. Here's the 8-page pitch deck its Gen Z founders used to raise $2.2 million.
▼ + stars: | 2024-09-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Edward Frazer and Sam Brashears have built software together since fourth grade, and that's exactly what they'll start with if you're a venture capitalist listening to their pitch for funding. The two 22-year-old cofounders and longtime friends started developing the API integration software known as DryMerge last year. "Sam and I have spent more time with each other than anyone else except probably our families, so we're just really, really good friends." When evaluating team risk, VCs also look for whether the co-founders can build the product the way they envision it. Here's the eight-page pitch deck that Frazer and Brashears used to secure their $2.2 million seed round for DryMerge.

Persons: Edward Frazer, Sam Brashears, Frazer, Slack, DryMerge, Sam, Brashears, VCs, they've Organizations: Service, Business, Garage Capital, Goodwater, Ritual, Yale University, University of Wisconsin Locations: Madison

☆ Nike and Adidas veterans are backing a $125M project seeking to revitalize the Portland sportswear industry
▼ + stars: | 2024-09-19 | by ( John Kell | ) www.businessinsider.com time to read: +10 min

The Northeast is the ancestral home of footwear manufacturing in the US, where New Balance still assembles more than 4 million pairs of sneakers each year. But that could soon change with a plan for a $125 million development campus called Made in Old Town. At the federal level, the US government has offered billions in subsidies to support manufacturing, mostly targeting the auto, semiconductor, and solar industries. With the Made in Old Town project, the aim is to generate about 6,000 full-time jobs in Portland by as soon as 2028. A long way to goThe Made in Old Town project is still in its early stages, having raised $15 million of its $125 million goal.

Persons: Portland's, Hilos, —, Keen, Elias Stahl, Portland's Hilos, Stahl, they're, Eric Liedtke, Liedtke, They've, Alo, Armour, Tina Kotek, Noel Kinder, Nike's, Kinder Organizations: Technology Association of Oregon, Chain Management, Service, Nike, Adidas, Bureau of Labor Statistics, Factory, Brands, Columbia, Midwest ., Gov Locations: Old Town, Portland , Oregon, Columbia, Portland's Old, Portland, Vietnam, China, Asia, Old, Germany, North America, Atlanta, Midwest

☆ S&P 500 rallies back to old highs, setting up Fed meeting to be make or break moment
▼ + stars: | 2024-09-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

The market's turn toward treating good economic news as positive for stocks is pictured here in a chart from Citi strategists, showing the three-month correlation between the S & P 500 and the Citi U.S. Economic Surprise index has turned sharply higher. The S & P 500's low for the week was Wednesday morning, right at the 5400 level where it previously hit a low a week ago Friday after a tepid employment report. Forward 12-month S & P 500 earnings forecasts continue to rise smartly, now approaching $270. But, thanks to the past two months of sideways churn, that's down from 21.7 when the S & P first hit its current level in July. And the rally last week could well have front-run any potential positive inference from the Fed's move next week.

Persons: Ally Financial, Ed Hyman, Loretta Mester, William Dudley, John Kolovos Organizations: Citi, Citi U.S, Fed, Ally, CPI, Wall Street, Financial Times, Treasury, National Association of Active Investment, American Association of

☆ I'm a high school teacher and still encourage my students to write by hand. It helps them to learn new things.
▼ + stars: | 2024-09-05 | by ( Emily Brisse | ) www.businessinsider.com time to read: +5 min

I'm a high school English teacher, and I recently had a parent say to me, "ChatGPT can produce a decent essay on just about any topic in 3.4 seconds. Like most good questions posed to humans, my response requires more than 3.4 seconds to create and read, but it is one I'd like every parent of a high school student to consider as we head back into another academic year. An entire essay produced in 3.4 seconds? That's almost faster than I can type "3.4 seconds," and I am not above marveling at the technology that makes this possible. Studies suggest that writing by hand prompts distinct and more complex brain connections that are fundamental in encoding new information.

Persons: —, they've, let's Organizations: Service, Business, Netflix, EducationWeek

☆ 9 Things Musk and Trump Said About Climate Change, Annotated
▼ + stars: | 2024-08-13 | by ( Brad Plumer | Raymond Zhong | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump covered a range of topics on Monday during his two-hour, live-streamed chat on X with Elon Musk, the tech billionaire who has endorsed Mr. Trump’s latest presidential run. On climate issues, Mr. Musk described himself as “pro-environment,” saying that the electric vehicles produced by Tesla, his car company, disproved the idea that “caring about the environment should mean that you have to suffer.” Mr. Trump emphasized the importance of fossil fuels to the economy. Here are a few highlights from their discussion, with annotations by New York Times climate reporters. Musk: The economy would collapse without oil and gas“If we were to stop using oil and gas right now, we would all be starving and the economy would collapse. Yet even the most aggressive plans for tackling global warming envision a far-less abrupt transition that would phase out the burning of oil, gas and coal over several decades.

Persons: Donald J, Trump, Elon Musk, Trump’s, Musk, Tesla, Mr Organizations: New York Times

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ Nigeria to London: Nelly Agbogu is on a mission to elevate Africa small businesses with Naijbrandchick
▼ + stars: | 2024-08-05 | by ( Ifeanyi Abraham | For Cnn | ) edition.cnn.com time to read: +5 min

To address these challenges, Agbogu launched the Naija Brand Chick Trade Fair, a platform connecting SMEs directly with customers. “Many Nigerian SMEs struggle to reach a buying audience, which is a significant barrier,” she explains. “The trade fair creates a platform where businesses can connect directly with customers.”The trade fair has become a resounding nationwide success attracting thousands of exhibitors yearly since it started in 2018. Shoppers at Naijabrandchick trade fair in Lagos, Nigeria. We are always oversubscribed because entrepreneurs consistently tell us they achieve sales they have never achieved before in just two days at the fair,” Agbogu said.

Persons: Nelly Agbogu, ” Agbogu, ”, Agbogu, “, It’s, Naijabrandchick, Agbogu’s Organizations: CNN, Nellies, ”, Trade, Shoppers, Intercontinental O2, SME, United Arab, “, Wema Bank Locations: Nellies Nigeria, Lagos, Nigeria, Nigerian, Benin, London, ”, Canada, United Arab Emirates, Rwanda, Naijabrandchick, Africa, Kenya

☆ Chinese scientists claim Star Wars-like laser submarines can blast US satellites
▼ + stars: | 2024-08-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewChinese scientists claim that it's possible to destroy satellites — including SpaceX's Starlink system — using lasers mounted on submarines. Chinese researchers envision the solution as flotillas of mass-produced laser subs that could be dispatched to oceans around the world. They would wait for tracking data from other non-submarine platforms to determine when a target satellite is overhead. In addition to destroying satellites, these subs could also blast aircraft or land targets such as radars and oil refineries. Laser subs could also shield China's ballistic missile submarines from detection.

Persons: —, Chris Carlson, Carlson, Michael Peck Organizations: Service, navy's Submarine Academy, Business, China Morning, US Navy, Defense Intelligence Agency, Communications, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Hong, Russia, Ukraine, Forbes

But you're going to struggle if you're looking for a new one. "Even a few months ago, the labor market seemed fine, the trajectory looked stable," said Guy Berger, director of economic research at the Burning Glass Institute, a think tank. The Fed therefore believes it can put a floor underneath the labor market that prevents it from deteriorating further, Berger said. "What we need to see is strong private-sector labor market growth, and outside of health care, what we've seen instead is a very, very rapid deceleration that has shown no signs yet of stabilizing," Pollak said. Pollak also said leisure and hospitality jobs — a key entry point into the labor market — have actually declined outright in recent months, putting further pressure on workers to secure employment.

Persons: Guy Berger, Berger, Jerome Powell, Bill Dudley, Julia Pollak, Pollak, we've Organizations: of Labor Statistics, Glass, Federal, Fed, New York Federal, Bloomberg Locations: U.S, haves

☆ I'm Gen Z with baby boomer parents. They are more focused on my professional success than wanting grandchildren.
▼ + stars: | 2024-07-31 | by ( Sandrine Jacquot | ) www.businessinsider.com time to read: +3 min

My parents want me to work hard and succeed in whatever career path I choose as long as I'm happy. I also value this work ethic and career mentality, which might come from being raised by baby boomers. There is nothing wrong with wanting different things in life, and I'm happy for those who've chosen that path. Related storiesPart of it has to do with my age — I'm only 23 — but part of it also has to do with my parents' own life experiences. It is reassuring that my parents want the best for me and will support me in taking my life at my own pace.

Persons: I've, I'm, It's, boomers, they've, isn't Organizations: Service

☆ Interest rate cuts probably aren't here just yet, but they could finally reach Americans in under 2 months
▼ + stars: | 2024-07-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's safe to say that Americans can count on an interest rate cut pretty soon, but probably not this week. On Wednesday, the Federal Open Market Committee will announce its next interest rate decision, and it's once again expected to hold rates steady. However, the FOMC's September meeting could finally bring Americans the relief they've been waiting for — CME FedWatch showed markets think it's all but certain the Fed will cut rates that month. Lower interest rates would make borrowing more affordable for consumers and businesses alike. "You have kept interest rates too high for too long: it is time to cut rates," they wrote.

Persons: it's, Claudia Sahm, Greg McBride, There's, Jerome Powell, Powell, Sahm, Matt Colyar, September's, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Federal, CME FedWatch, Business, New Century Advisors, Fed, Banking, Housing, Urban Affairs, Democratic, Moody's

☆ Museums closed Native American exhibits 6 months ago. Tribes are still waiting to get items back
▼ + stars: | 2024-07-29 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

NEW YORK AP —Tucked within the expansive Native American halls of the American Museum of Natural History is a diminutive wooden doll that holds a sacred place among the tribes whose territories once included Manhattan. The doll, also called Nahneetis, is just one of some 1,800 items museum officials say they’re reviewing as they work to comply with the requirements while also eyeing a broader overhaul of the more than half-century-old exhibits. We need them close.”Sean Decatur, the New York museum’s president, promised tribes will hear from officials soon. The American Museum of Natural History, he noted, is one of New York’s major tourism draws and also a mainstay for generations of area students learning about the region’s tribes. He suggests museums use replicas made by Native peoples so that sensitive cultural items aren’t physically on display.

Persons: ”, Joe Baker, ” Sean Decatur, Lance Gumbs, ” Gumbs, “ There’s, ” Gordon Yellowman, ” Yellowman, “, Bridgette Russell, Todd Mesek, Nicole Rura, Chuck Hoskin, Baker, ” Baker Organizations: American Museum of, American, Protection, Lenape, York, Eastern, Northwest Coast Hall, Cheyenne, Arapaho Tribes, New, Field, Repatriation, Cleveland Museum, Harvard, Peabody Museum’s, Cherokee Nation, Peabody, Cherokees, Delaware Nation Locations: Manhattan, Delaware, Eastern Woodlands, Great, Decatur, New, Oklahoma, New York, Nebraska, Chicago, America, Ohio, Alaska, American, “, Ontario

☆ This is what food on a new $675-per-day ultra-luxury cruise ship is like, from endless caviar to a sushi buffet
▼ + stars: | 2024-07-24 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Silversea invited me on a complimentary five-night cruise on its new 728-guest ship, Silver Ray. Food on the ultra-luxury ship includes a complimentary sushi lunch and a $180 tasting menu. AdvertisementThe food on a $675-a-day, ultra-luxury cruise ship is what you'd probably envision: caviar, lobster, and filet mignon. What you might not expect, however, is the cook-it-yourself restaurant, lunchtime sushi buffet, and a $180 tasting menu. In mid-June, ultra-luxury cruise line Silversea launched its 12th ship, Silver Ray.

Persons: Silversea, Silver Ray, Food, —, filet mignon Organizations: Service, Business

Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond. How low demand can cause a housing market crashA sudden drop in homebuying demand can lead to a housing market crash. What a housing market crash would mean for homebuyersAnything is possible, and nobody has a crystal ball to see for certain what will happen in the housing market in the coming months and years. Preparing for a potential housing market crashRight now, you probably don't need to be preparing for the housing market to crash. Housing market crash FAQsWhat are the key signs of an impending housing market crash?

Persons: homebuyers, Fannie Mae's, Lawrence Yun, Yun, isn't Organizations: Housing Survey, National Association of Realtors, Housing Locations: exurbs, Chevron

Even before the debate, Mr. Biden had told confidants that he believed he had a far better chance than Ms. Harris of beating Mr. Trump. By making the case for himself publicly and privately, Mr. Biden has implicitly had to downplay her chances of winning. Image Mr. Biden arriving in Dover, Del., late Wednesday night, on his way to spend time at his home in Rehoboth Beach. “She’s not only a great vice president,” Mr. Biden said at the N.A.A.C.P. Brenda Pollard, a Democratic delegate for Mr. Biden, said she hoped Mr. Biden would not step down as the nominee.

Persons: Biden, Kamala Harris’s, Biden’s, Kamala Harris, Harris’s, Donald J, Trump, Jeff Zients, Biden —, Zients, Shuwanza Goff, Harris, Doug Mills, —, Mr, confidants, Yuri Gripas, Joe Biden —, Donald Trump, ”, Kirsten Allen, Eric Lee, J.D, Vance of Ohio, Kamala ”, “, Ms, “ She’s, ” Mr, Brenda Pollard, he’ll, Pollard, ‘, ” Ms Organizations: White, White House, New York Times, Mr, Democratic, Communications, The New York Times, Credit, Trump —, Biden, Republican National Convention, Department of Justice, Republican, West Wing Locations: Delaware, Dover, Del, Rehoboth Beach . Credit, San Francisco, Dallas, Greensboro, N.C, Nevada, Las Vegas, United States, Washington, Durham

☆ Fossil of an ancient shark that swam in the age of dinosaurs solves centuries-long mystery
▼ + stars: | 2024-07-15 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Ancient relative of the great white sharkMost species of Ptychodus lived between 100 and 80 million years ago during the late Cretaceous period. Because shark skeletons are made of cartilage, they do not fossilize well, typically leaving archaeologists only teeth and few skeletal remains to find. Lamniformes also includes the modern species of megamouth, sand, goblin and basking sharks, among others. “The crushing teeth together with the gigantic size make Ptychodus a very unique shark,” Amadori said. … Modern durophagous sharks (that consume hard-shelled organisms) are demersal, feeding on or near the bottom.

Persons: ”, Eduardo Villalobos Segura, Villalobos Segura, Lamniformes, Manuel Amadori, Amadori, Michael Everhart, Louis Agassiz, Everhart, mortoni, —, ” Amadori, “, Jürgen, Bretton Kent, ” Kent Organizations: CNN, Royal Society, Biological Sciences, University of Vienna, Sternberg, Nuevo León, University of Maryland Locations: Mexico, Austria, Nuevo León, Vallecillo, Nuevo, Hays , Kansas, Ptychodus

☆ Dr. Ruth, renowned sex therapist and Holocaust survivor, dead at 96
▼ + stars: | 2024-07-13 | by ( Julia Naftulin | ) www.businessinsider.com time to read: +7 min

Read previewDr. Ruth Westheimer, a renowned sex therapist, media personality, and Holocaust survivor known for leading entertaining and culture-shifting conversations about sexual health and pleasure, has died at 96, multiple outlets reported. Westheimer, known to her fans as "Dr. Ruth," extolled the benefits of sex even during the final years of her life. Julius Siegel, pictured above, was the father of Dr. Ruth Westheimer, who was born in Germany as Karola Ruth Siegel. Courtesy of Dr. Ruth Westheimer"I don't think of myself as a survivor. Sex therapist Dr. Ruth Westheimer pictured attending the World AIDS Day Benefit Gala November 30, 1990 in New York City.

Persons: —, Ruth Westheimer, Westheimer, Pierre Lehu, Dr, Ruth, Karola Ruth Siegel, Westheimer's, Julius Siegel, Manfred, Fred, Joel, Miriam, David Letterman, Arnaldo Magnani, Jamie McCarthy, NPR's Scott Simon, Hitler Organizations: Service, Associated Press, New York City, Business, People, Sorbonne University, University of Paris, The New School, Columbia University, Presbyterian Hospital, NPR Locations: New, Germany, Frankfurt, Switzerland, British, Palestine, Paris, Israeli, Manhattan, New York, York City, New York City

☆ Wende Zomnir revolutionized makeup with Urban Decay. She's not done building her empire.
▼ + stars: | 2024-07-13 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

And Urban Decay was the first brand to have all recycled paper cartons," she told BI. "So it's not like Caliray's wellness and sustainability is a 180 departure from Urban Decay. Wende Zomnir at an Urban Decay party in 2018. Wende Zomnir CalirayStarting fresh with CalirayConceptualizing a new makeup brand with a California aesthetic was a no-brainer for Zomnir. While on the road promoting Urban Decay, she noticed that people asked her the same questions: What's California like?

Persons: I'm, Zomnir, she's, Calvin Klein, Elizabeth Arden skincare, Leo Burnett, Sandy Lerner, Lerner, she'd, Wende, Han Myung, Carol Hamilton, Tara Simon, Caliray's mascara, Caliray, There's, She's Organizations: Business, Leo, Leo Burnett Worldwide, Cisco Systems, Beauty Independent, Urban, Fast Company, BI Locations: New Jersey, she's, Newport Beach , California, It's, Texas, California, Sandy, L'Oréal, Sephora

☆ New York Times editorial board says Biden has 'put the country at risk' by remaining in the presidential race
▼ + stars: | 2024-07-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Biden's poor debate performance against Trump has set off major alarm bells with many Democratic voters, lawmakers, and donors — a scenario that they didn't envision in the lead-up to the party's August convention in Chicago. Related storiesAfter last month's debate, The Times' editorial board, which operates separately from the newsroom, called on Biden to step aside as the Democratic nominee. AdvertisementAnd this week, the board once again urged Biden to leave the race, arguing that the president was seeking to "defy reality" by remaining the Democratic Party's standard-bearer. "Mr. Biden has disregarded the concerns of those voters — his fellow citizens — and put the country at significant risk by continuing to insist that he is the best Democrat to defeat Mr. But as Biden defended his reelection bid, he leaned into his age as an important part of his life experience.

Persons: —, Joe Biden, he's, Donald Trump, Biden, Mr, Trump, he'll Organizations: Service, Trump, Democratic, Business, New York Times, Times, — Locations: Chicago

☆ Democratic power players are circulating a proposal for Biden to exit, launch 'blitz primary'
▼ + stars: | 2024-07-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Two Democrats with a powerful network of friends are circulating a proposal for President Joe Biden to bow out of the 2024 race and launch an expedited Democratic primary to choose a new nominee before the August convention. The proposal comes as pressure builds on Biden to exit the race following his stumbling debate on June 27 against former President Donald Trump. "Overnight, Biden is hailed as a modern-day George Washington, not an octogenarian clinging to power with a 37% approval rating," the proposal reads. The next phase of the plan is a "blitz primary," where prospective Democratic candidates submit their bids and delegates of the Democratic National Convention ultimately narrow down the list to six contenders. The Biden campaign did not immediately respond to a request for comment on the proposal.

Persons: Joe Biden, Rosa Brooks, Obama, Clinton, Ted Dintersmith, Semafor, Donald Trump, Brooks, Dintersmith, Biden, George Washington, Oprah Winfrey, Taylor Swift, Stephen Colbert Organizations: Cross, White, Georgetown University, Democratic, CNBC, Biden, Trump, Democratic National Convention, DNC Locations: Washington , DC, America

☆ Investors want proof AI will aid drug discovery. Evidence may come in the second half
▼ + stars: | 2024-07-06 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Analysts who have been following companies on the cutting edge of using generative AI for drug discovery say it is still very early days. But these endorsements haven't lifted Recursion shares out of a slump. RXRX 1Y mountain Recursion shares over the past year. The drug company will be a beta user of Recursion's LOWE (Large Language Model-Orchestrated Workflow Engine) and the pair are also partnering on oncology research. SDGR 1Y mountain Schrodinger shares over the past year.

Persons: Scott Schoenhaus, Chris Gibson, Jensen Huang, Leerink, Mani Foroohar, Foroohar, Recursion's, KeyBanc's Schoenhaus, Needham, Gil Blum, it's, Recursion's LOWE, Blum, Eli Lilly, AbCellera, KeyBanc's, Schoenhaus, FactSet, Allison Bratzel, Piper Sandler, Goldman Sachs, Salveen Richter, Peter Lawson, Lawson, Japan's Takeda, Schrodinger, Leerink's Foroohar Organizations: Analysts, Capital, Nvidia, ARK Investment Management, REC, CCM, Union, Bayer, Therapeutics, Dynamo, RLY, Barclays, Japan's Locations: U.S, biopharma, Biohive

☆ Kamala Harris: Democrats start moving to VP as President Joe Biden digs in
▼ + stars: | 2024-07-05 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

CNN —Amid the ongoing fallout from Joe Biden’s debate performance, talk in many top Democratic circles has already moved to who Kamala Harris’ running mate would be. A more open race, these top Democrats hope, would be for Harris’ running mate, with a focus on leading Democratic governors. “President Biden is our nominee, Vice President Harris is our running mate, and we will win this November,” he said. The anti-Trump coalition cannot afford to discount the strengths of the nominated Democratic running mate and current vice president. Harris’ answer: She’d turn around and say to him, “Why are you being so weird?”As vice president, Harris has tended to be known more for her word salads than sharp elbows like that.

Persons: CNN —, Joe Biden’s, Kamala Harris ’, Biden, Harris, That’s, it’s, Donald Trump’s, Harris ’, Roy Cooper, Andy Beshear, Josh Shapiro, J.B . Pritzker, Tim Walz, “, they’ve, ’, hasn’t, We’ve, ”, Tim Ryan, he’s, ” Biden, Kevin Munoz, Harris —, I’ve, Kamala ” —, —, it’s Kamala, “ Kamala Harris, Kamala, She’s, Nanette Barragán, ” she’s, ” Barragán, Biden’s, Timmaraju, she’s, Harris Harris, Biden metastasizing, Ezra Levin, Gregory Meeks, Trump Harris, Hillary Clinton, CNN’s Anderson Cooper, Jill Biden, ” Brian Fallon, Cooper, Beshear, ” Cooper, He’s, CNN’s Jeff Zeleny Organizations: CNN, Democratic, Biden, North Carolina Gov, Kentucky Gov, Pennsylvania, J.B, Illinois, NFL, Trump, ”, California Democrat, Congressional Hispanic Caucus, Democrats ’, Democratic doubters, Congressional Black Caucus, Democratic Party, New, CBC, Republican Locations: Minnesota, Alabama, Wisconsin, Ohio, California, Milwaukee, Detroit, Philadelphia, Atlanta, New York, North Carolina, Kentucky, Virginia , Montana, Iowa

☆ Universal basic income has gone from utopian vision to economic reality. Here's what you need to know about UBI.
▼ + stars: | 2024-07-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Read previewUniversal basic income has made giant strides from its origins as a utopian vision toward becoming economic reality. Basic income trials have been conducted in countries as varied as Kenya, Finland, India, and Canada. Proponents of UBI say it reduces poverty, strengthens the social safety net, promotes health and happiness, and combats the stigma around welfare. Basic income recipients in a Finnish trial reported higher life satisfaction, improved health, and lower levels of depression and loneliness. An open questionUniversal basic income remains a largely theoretical idea that could have significant — and unpredictable — impacts on wealth inequality, human welfare, labor markets, and entire economies.

Persons: —, Tesla's Elon Musk, Robert Reich, Juan Luis Vives, they'd, Thomas Paine, Martin Luther King Jr, Milton Friedman, Sen, Bernie Sanders of, technocrat Andrew Yang, Sam Altman, Bernie Sanders, Kevin Dietsch, Dave Ramsey, Karl Marx playbook, that's, Jack Kellam, MrBeast, Jeff Cheatham, Douglas MacKay, Chapel Hill, Karl Widerquist, Kellam, stigmas Organizations: Service, Labor, Business, Autonomy, UNC, Chapel, Georgetown University, Qatar Locations: Kenya, Finland, India, Canada, Spanish, Bernie Sanders of Vermont, Uganda

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