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Experts call it "economy class syndrome" — but it can happen to anyone in any class of an airplane. Deep vein thrombosis, or DVT as it's known, occurs when blood clots in one or more veins. A 52-year-old former businessman in the banking industry said he developed deep vein thrombosis as a result of a four-hour flight from Singapore to Hong Kong. Urbazon | E+ | Getty ImagesThose who fly long-haul flights are at greater risk, but deep vein thrombosis can develop on shorter flights, he said. Alok Tapadia, a 52-year-old former businessman in the banking industry, said he developed deep vein thrombosis as a result of four-hour flight from Singapore to Hong Kong.
Persons: Pinakin, Parekh, I've, Tapadia, Doctors Organizations: Heart, Vascular, CNBC Travel, Mayo Clinic, Getty, Clinic Locations: Singapore, Hong Kong
WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.
Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley
Read previewBalyasny Asset Management has cut back the portfolio of its Asia equities head, but not because of poor performance. This story is available exclusively to Business Insider subscribers. Related storiesBalyasny, the $20 billion multistrategy firm based in Chicago, parted ways with its global equities head, Jeff Runnfeldt, last October. AdvertisementBalyasny, the founder, has been running the equities unit since Runnfeldt's departure, adding talent — such as Point72's Peter Goodwin — and reviewing existing books. The firm has made 5.5% through the first half of the year, Business Insider recently reported, trailing peers like Citadel, Point72, and Millennium.
Persons: , Archana Parekh, Dmitry Balyasny, Parekh, Jeff Runnfeldt, Runnfeldt, Peter Goodwin —, Andrew O'Connor, Weiss, David Lohman, Marco Minoli, Anil Gondi, Balyasny, Stephen Schurr, She's, Will Brant, Robert Tau Organizations: Service, Management, Balyasny, Business, Fortress Investment, Citadel, Walleye, Bloomberg Locations: Asia, Chicago, Schonfeld, LMR, — Singapore, Hong Kong, Tokyo, Balyasny's Hong Kong, Point72
Read previewAn oncologist shared for things he does to lower his risk of developing cancer, amid rising rates in young adults. The vast majority (88%) of people who develop cancer are over 50, and survival rates have improved in recent decades, according to the American Cancer Society. We know certain risk factors for some cancers, such as smoking which increases the risk of developing lung cancer. Exercises every dayExercising regularly can help reduce your risk of developing cancer. Doesn't smoke"There is a strong link between smoking and developing lung or bladder cancer," Landau said.
Persons: , Daniel Landau, Asbestos.com, Landau, Tejal Parekh Organizations: Service, American Cancer Society, BMJ Oncology, Business, British, of Sports Medicine, University of Gothenburg, Centers for Disease Control
Read previewAn oncologist shared for things he does to lower his risk of developing cancer amid rising rates in young adults. The vast majority (88%) of people who develop cancer are over 50, and survival rates have improved in recent decades, according to the American Cancer Society. We know certain risk factors for some cancers, such as smoking, which increases the risk of developing lung cancer. Exercises every dayExercising regularly can help reduce your risk of developing cancer. Doesn't smoke"There is a strong link between smoking and developing lung or bladder cancer," Landau said.
Persons: , Daniel Landau, who's, Asbestos.com, Landau, Tejal Parekh Organizations: Service, American Cancer Society, Oncology, Business, British, of Sports Medicine, University of Gothenburg, Centers for Disease Control
Read previewThere's a new app that promises to connect you with your closest friends — only this time, it's coming from TikTok. The app, dubbed Whee, pitches itself as a platform to "keep you connected with your close friends through life's spontaneous moments." Whee's arrival on the charts — it's 27th among social-networking apps in Apple's App Store, outranking Skype and Signal — comes as Instagram is also leaning into features for close friends. After spending years leaning into influencer content, to the chagrin of some users, the big social platforms are betting big on close friends. But as the platforms prioritized creator-made content, like on Instagram reels, everyday users' content seemed to take a back seat.
Persons: , Snapchat, They're, Mervana Parekh, Nathan Sharp, influencers, Adam Mosseri, YouTubers Colin, Samir, Mosseri Organizations: Service, Android Police, Business, Skype, Acrew, Retro Locations: TikTok
Read previewA dietitian specializing in cancer prevention told Business Insider that simple lifestyle changes can be powerful when it comes to reducing the risk of developing cancer. The rates of younger adults being diagnosed with cancer have been rising since the '90s, according to the American Cancer Society, with colorectal, breast, and stomach cancers a particular concern. But certain lifestyle choices can help to prevent cancer, Tejal Parekh, a registered and licensed dietitian who specializes in helping mesothelioma patients reduce cancer symptoms through diet at Asbestos.com, told Business Insider. Research suggests that diets high in salt are linked to an increased risk of stomach cancer. Exercise regularly and maintain a healthy weightBeing physically active for at least 30 minutes daily can help prevent cancer, Parekh said.
Persons: , Tejal Parekh, dietitian, Parekh, Parekh it's Organizations: Service, American Cancer Society, US Centers for Disease Control, Business, International Agency for Research, Cancer, Research, CDC, Health Organization, National Cancer Institute
Plus, the pandemic and the shift to working from home have made millennials and Gen Z lonelier than ever, thanks in part to doomscrolling. "I believe the conventional 'make friends' apps too closely mimic the dating model, which can feel awkward and high-pressure for making friends," he said. The group hosts "reading parties" at bars and event spaces with the goal of helping people connect through reading. Dinner With Friends, a group that throws dinner parties, has worked on sponsored events with brands like Bumble and Geneva. Dinner With Friends founder Anita Michaud said brands typically either sponsor entire dinners or provide products — like canned cocktails — for the dinner parties.
Persons: , they've, Danial Hashemi, Sydney, Z, millennials, Cliff Lerner, Lisa Oreshkina, Saneblidze, Tom Worchester, Andreessen Horowitz, Victor Pontis, Luma, Liz Chick, Gen, Mira Hobbs, ReCreate's Chick, Anita Michaud, Peter Boyce II, Boyce, Maitree Mervana Parekh, Marlon Nichols, they're, it's, Ben Bradbury Organizations: Service, Business, Sydney Bradley, Big Tech, Tech, Timeleft, Reading, Facebook, VC, Wine, Bumble, New, Acrew, MaC Venture, Reading Rhythms Locations: New York City, Los Angeles, New York, Brooklyn, Squarespace, Lisbon, Amsterdam, London, San Francisco, Geneva
During the Snap-owned app's pitch to brands at its NewFronts presentation on Wednesday in New York, the company emphasized the value of real-world experiences, or IRL, over social-media scrolling. Sharing became contrived, and social media as a whole began feeling like an inauthentic version of our lives rather than a source of genuine connection." It's plastered ads on competitive social media platforms and billboards with its "Less Social Media. Related storiesSnapchat executives mentioned AI just once during the NewFronts presentation, saying the company had used AI models to build augmented-reality lenses. Snap is not the only social platform addressing lonelinessSnapchat's war against social media taps into a broader trend.
Persons: , Colleen DeCourcy, Cipriani, DeCourcy, TikTok, Dan Whateley, NewFront, Meta's, Mervana Parekh, Snapchat, Patrick Harris, Piper Sandler Organizations: Service, Facebook, Meta, Business, NFL, NBA, NBC, Entertainment, Media, Snap's, Acrew, Big Tech Locations: New York, Manhattan, Americas
Amanda Randles creates virtual simulations that incorporate data from patients' wearable devices. To that end, Randles, a professor of biomedical sciences at Duke University's Pratt School of Engineering, spends her time building some of those virtual simulations. Tracking cancer cellsWhen cancer cells circulate through the bloodstream, they can sometimes acclimate in a different part of the body and form new tumors, which is known as metastasis. In her simulations, Randles changes different parameters, like how the size of the cell's nucleus affects its movement. Advertisement"What is it about the cancer cells that are making them more likely to go to the brain or to the breast," she said.
Persons: Amanda Randles, , Randles, Salil Parekh, It's Organizations: Duke University, Computing, Service, Business, Duke University's Pratt School of Engineering, Association for Computing, Infosys, Apple Watch
Can Xerox’s PARC, a Silicon Valley Icon, Find New Life with SRI? 1974 A key part of PARC office of the future vision is a network to tie office systems together. The PARC laboratory, set in the foothills just south of Stanford, is now largely empty, hosting less than 100 researchers, far from a peak of almost 400. Mr. Parekh said that the stage was now set for a second leap forward in the way humans interacted with computers. “This is our annuity for the future for investing in research,” Mr. Parekh said.
Persons: Steve Jobs, Jobs, Apple’s Lisa, IBM’s Thomas J, , , Eric Schmidt, Google’s, Bernardo Huberman, Mr, Huberman, Douglas Engelbart, Siri, Bill Duvall, Charley Kline, CALO, David Parekh, Parekh, SIRI, Curtis Carlson, Charles Simonyi, Jan Vandenbrande, Research Jan Vandenbrande, Johan De Kleer, San Organizations: Xerox’s PARC, SRI, Palo, Palo Alto Research, PARC, Mr, Xerox, SRI International, Stanford Research Institute, Xerox Dover, Xerox Corporation, T’s Bell Laboratories, Watson Research Center, Bay, “ PARC, of America, Machine, UCLA, Pentagon, Apple, Macintosh, Research Projects Agency, Microsoft, Windows, Defense Advanced Research Projects Agency, Research Locations: Palo Alto, Stanford’sy, Stanford, Silicon, Menlo Park, Los Angeles, Calif, San Francisco, San Jose
A Jaguars ex-employee has been sentenced to 78 months in prison for stealing $22 million from the team. Amit Patel, 31, spent almost all of the money on losses on Draft Kings and FanDuel, his lawyers said. Prosecutors said Patel also used the cash to buy private flights, luxury items, and cars. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former Jacksonville Jaguars employee who pleaded guilty to stealing $22 million from the team was sentenced to six and a half years in prison on Tuesday.
Persons: Amit Patel, FanDuel, Prosecutors, Patel, , undoubtably, Tiger Woods, Philippe, Megha Parekh, Parekh, Henry Lee Adams Jr Organizations: Jaguars, Service, Jacksonville Jaguars, Justice Department, Tesla, Nissan, Associated Press, BI, ESPN, NFL Locations: District, Florida, Beach , Florida
Mervana Parekh is a principal at Acrew and has invested in social startups like Diem, Afterparty, and Anything World. Best Nights VC. Nichols is a founding managing partner at MaC, which recently invested in social startups like Spill and Swsh. Boyce has backed a slew of new social startups, including Diem, Lex, Koodos Labs, and Swsh, alongside associate Rhian Horton. In 2024, Best Nights is looking to invest in companies that facilitate travel experiences after hearing people say their best nights have happened during trips or vacations, said de Silva.
Persons: , Connie Chan, Mervana Parekh, Peter Boyce II, Marlon Nichols, Catalyst, Web3, Peter, Diem, Afterparty, Lorrain de Silva, Andrew Kahn, Miley Cyrus, Lorde, Kahn, Aaron Matusow, Dan Kruchkow, Nichols, Elizabeth Weil, Kevin Weil, John Smothers, Boyce, Lex, Rhian Horton, Lorrain, Silva, BestNights, Aaron Leithäuser, Gen Z, Peter Boyce, de Silva, Acrew Organizations: Service, Business, Acrew, Stellation, MaC Venture, VCs, Stanford University, Startup, Pudgy Penguins, Crush Ventures, VC, Crush, MaC Venture Capital, MaC, Catalyst, Koodos Labs, Big Tech Locations: 1kx, San Francisco , New York, Lisbon, Acrew, San Francisco, Berlin, Los Angeles and New York, Los Angeles, New York, Rythm
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInfosys has done a 'huge' amount of work to become a net-zero company, says CEOInfosys CEO Salil Parekh discusses the company's involvement in the green transition and its sustainability efforts.
Persons: Salil Parekh Organizations: Infosys
The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 1 (Reuters) - India's No.2 software-services exporter Infosys Ltd (INFY.NS) has asked some of its employees to work from office 10 days a month, a source familiar with the matter said on Wednesday. Narayana Murthy courted controversy by urging young Indians to work 70 hours a week for the development of the country. Larger rival Tata Consultancy Services (TCS.NS) has already asked workers to return to the office for five days a week. Tech giants Amazon.com Inc (AMZN.O) and Alphabet Inc's (GOOGL.O) Google have also told workers to work from office for at least a few days every week.
Persons: Chris Helgren, Salil Parekh, N.R, Narayana Murthy, Dhanya Organizations: Infosys, REUTERS, Tata Consultancy Services, Tech, Amazon.com Inc, Google, Thomson Locations: Toronto , Ontario, Canada
Softbank also owns 65% of the GreenBox venture, which launched with $100 million in investment by the two companies. They say it's a $500 billion market, and an example of the kind of change AI can bring to the economy at large. But not as many investors know about Softbank's "other" big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic , which Walmart has taken a big stake in itself. Symbotic teamed up with Softbank to build GreenBox in order to preserve its own capital, Cohen told analysts. The GreenBox market for smaller companies shapes up as another $500 billion of possible demand, Gartner's Klappich said.
Persons: Rick Cohen, Softbank, Robert W, Baird, Vikas, Schwarz, Kristin Schwarz, Vikas Parekh, Parekh, Giordano, I've, TD Cowen, Joseph Giordano, GreenBox, Dwight Klappich, Symbotic, Klappich, Mason, Cohen, , Bill Boyd, Gartner's Klappich, Doug McMillon Organizations: Walmart, CNBC, Gartner, Target, Venture, Arm Holdings, Wholesale, Forbes, Revenue Locations: GreenBox, Wilmington, Mass, Fla
Cloud stocks slipped on Tuesday, after one of the more prominent ones, Datadog , lowered its full-year revenue guidance as organizations remain engaged in cost-saving exercises. Then inflation hit, central bankers raised interest rates, and investors began selling holdings in fast-growing cloud stocks and rotating into safer investments that could more consistently offer returns. Executives at many cloud companies responded by reducing overhead, sometimes in the form of layoffs. Cloud stocks began to rebound, but many, including Datadog, have yet to trade above their record highs from 2021. Like Datadog, Everbridge , whose software helps companies respond to emergencies, lowered its growth expectations for the full year on Tuesday.
Persons: Datadog, Refinitiv, Olivier Pomel, Pomel, Bernstein, Peter Weed, Covid, RingCentral, Hewlett Packard, Tarek Robbiati, Vlad Shmunis, Sonalee Parekh, Patrick Brickley Organizations: Computing Fund, Bernstein Research, Nasdaq Locations: U.S, Smartsheet, Snowflake
SoftBank forms JV to build AI-powered warehouses with Symbotic
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - SoftBank Group (9984.T) is forming a joint venture with supply-chain services provider Symbotic to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday. The firms are investing a total of $100 million in the venture, which will be called GreenBox Systems. The unit has also signed a contract to buy AI-powered systems worth $7.5 billion for its warehouses from Symbotic. The deal will give SoftBank, already an investor in Symbotic, warrants representing about 2% of the U.S. company's outstanding shares. The Japanese firm said it had also bought 17.8 million shares of Symbotic from CEO Rick Cohen.
Persons: Rick Cohen, Masayoshi Son, Vikas Parekh, Greenbox, Symbotic, Zaheer Kachwala, Shailesh Kuber, Anil D'Silva Organizations: SoftBank, Systems, Tokyo bourse, SoftBank Investment, JV, Thomson Locations: Symbotic, Tokyo, GreenBox
BENGALURU, July 21 (Reuters) - Shares of Infosys (INFY.NS), India's second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit. The company cut its revenue guidance to 1%-3.5% on a constant currency basis from the previous 4%-7%. Infosys Chief Executive Salil Parekh attributed the guidance cut to delays in decision-making by clients. Last week, market leader Tata Consultancy Services (TCS.NS) warned of an uncertain demand environment, while smaller peers HCLTech (HCLT.NS) and Wipro (WIPR.NS) reported and projected muted growth. ($1 = 82.0440 Indian rupees)Reporting by Varun Vyas in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
Persons: Salil Parekh, Varun Vyas, Sohini Goswami Organizations: Infosys, Tata Consultancy Services, Wipro, Thomson Locations: BENGALURU, Bengaluru
BENGALURU, July 20 (Reuters) - Infosys (INFY.NS), India's second-largest IT services firm by revenue, halved its full-year revenue forecast on Thursday and posted a first-quarter profit that missed estimates as clients cut back spending in a cloudy economic environment. Infosys' U.S.-listed shares fell nearly 7% in pre-market trading after the company cut its full-year revenue growth of 1%-3.5% on a constant currency basis from 4%-7% previously. There are some discretionary spending cuts from clients in the short-term and overall decision-making has slowed down, CEO Salil Parekh said in a media conference. Consolidated net profit rose 10.9% to 59.45 billion rupees ($725.5 million) in the three months to June 30, missing analysts' view of 61.41 billion rupees as per Refinitiv IBES. Businesses are cutting back spending on discretionary IT projects amid steep inflation that stoked interest rates.
Persons: Salil Parekh, Sonia Cheema Organizations: Infosys, U.S, Consolidated, Tata Consultancy Services, Wipro, Sethuraman NR, Thomson Locations: BENGALURU, Bengaluru
Some of the tech and business industries' top CEOs attended a White House dinner Thursday. Take a look at the CEOs and industry giants who made the guest list and dressed up in their finest. The White House invited leaders from across the tech and business industries for a dinner held for Prime Minister of India Narendra Modi's visit to Washington. The visit has been a crucial one for Biden, as the White House looks to build closer ties with India. Here's a look at the CEOs and industry giants who made the guest list and dressed up in their finest.
Persons: OpenAI, India Narendra Modi's, Biden, Mark Zuckerberg, Elon Musk, Tesla, Dana White, James Murdoch, Rupert Murdoch's, Jane Fraser, Adena Friedman, Deven Parekh, Hemant Taneja, Catalyst, Ralph Lauren, M, David Calhoun, Larry Culp, Doug McMillon Organizations: White, Apple, Google, Morning, Microsoft, White House, Meta, Twitter, UFC, Citigroup, Nasdaq, Insight Partners, Boeing, Electric, Walmart Locations: Washington, India, China, Taiwan
But all the deals and pomp of the visit — including an address to Congress and a lavish state dinner — may not have accomplished what the White House had wanted. U.S. leaders gave Modi a hearty welcome, as Washington seeks to nudge India further into the American sphere of influence. “The partnership is among the most consequential in the world,” Biden said at a news conference on Thursday. Biden and Modi largely brushed off criticism of the Indian government’s crackdown on human rights and religious freedom. And Modi made no pledges to endorse U.S. efforts to restrain China, nor to cut ties to Russia.
Persons: Modi, ” Biden, Dave Calhoun, Larry Culp, G.E, James Taiclet, Lockheed Martin, Sam Altman, OpenAI, Tim Cook, Sanjay Mehrotra, Sundar Pichai, Lisa Su, Ken Chenault, Jane Fraser, Adena Friedman, Deven Parekh, Hemant Taneja, ” Taneja, DealBook, Biden Organizations: White, General Electric, chipmakers, Micron, Materials, World Trade Organization, America, Boeing, Lockheed, Tech, Apple, Citigroup, Nasdaq, Insight Venture Partners, Catalyst, The Times, House Locations: India, China, Russia, U.S, Washington, portobello, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigital transition and cost efficiency in tech is increasing, says Infosys CEOSalil Parekh, CEO of Indian IT giant Infosys, discusses growth, digitization, and shares his outlook for the tech sector in 2023.
Despite that, the Tampa Bay Buccaneers quarterback led the league in regular season passing yards, completions and touchdown passes. And he was the starting quarterback in four of the past six Super Bowls, bagging three Lombardi Trophies in that span. At the game Brady attended, Ronaldo became the highest scorer in FIFA history after netting his 807th career goal. Not everyone is brimming with the baseline talents of James or Brady or has the discipline or resources to stick with such regimens. With time, this may radically alter how athletes at all levels are nurtured, and even how nonathletes fend off the crippling effects of age.
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