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He disrupted innovation in an emerging industry, developing nontraditional lidar sensors that help self-driving cars "see" the road. He took Luminar public in December through a reverse merger with the special-purpose acquisition company (SPAC) Gores Metropoulos. Russell founded Luminar, which creates lidar sensors that help self-driving cars "see" the road, as a teenager. Tesla CEO Elon Musk has criticized lidar sensors for years, saying they're too expensive for consumer cars. Highway perception via Luminar's lidar system.
Persons: Austin Russell, Russell, Luminar, Gores Metropoulos, Citron, Luminar Russell, Zuckerberg, Evan Spiegel, Bobby Murphy, Snapchat, Tesla, Elon Musk, Musk, Lidar, Jason Eichenholz, Iris lidar, S.I, Rudy Cleye, wouldn't, Tony Jordan, San Juan Capistrano, I've, Peter Thiel, wasn't, He'd, Thiel, Hong Heng, Austin, he's, Gores, VectoIQ, Mark Matousek, IPOs, It's, Velodyne, Tristan Gerra, Robert W, Baird, Gerra, Ben Margot, Emmanuel Rosner, Luminar's, What's Organizations: Stanford, Thiel, Nasdaq, Luminar Technologies, Forbes, Facebook, Volvo, Daimler, The Thiel, Nintendo DS, Orange County Register, St, Margaret's Episcopal School, Bloomberg, Beckman Laser, University of California, Thiel Fellowship, Silicon, Carson, GVA, Canvas Ventures, Crescent Cove, Benz, BMW, , Volvo Cars Tech Fund, Securities and Exchange Commission, SEC, Velodyne, AP, Deutsche Bank Locations: Orlando , Florida, Palo Alto , California, Newport Beach, Southern California, San Juan, Irvine, Crescent
There's a bubble forming in green energy stocks. By making it cheaper for companies to make green energy investments, the bubble could speed our shift away from carbon fuels and help to combat climate change. So the green energy stock bubble may burst, but it just might help save the planet along the way. Some of the greatest froth in this broader equity market bubble has come from stocks tied to renewable energy and decarbonization. This begs the question: is a green energy bubble such a bad thing?
Persons: George Pearkes, hasn't, Nikola, decarbonization Organizations: Investment, Equity, NASA, Governments, Electric, Siemens, Northland Power, Energy, ECB, Google, Facebook, Netflix Locations: Paris
Palestinian policemen guard outside the Palestinian legislative council in Ramallah, in the Israeli-occupied West Bank January 16, 2021. “We have taken an important step but we still have a long way to go,” said veteran West Bank political analyst Hani al-Masri. “We have other alternatives, and what is important is that people from Jerusalem can take part in the election,” Hanna Nasir, chairman of the Palestinian Central Election Committee, said on Saturday. Gaza is now a Hamas stronghold, while Abbas’s power base is in the Israeli-occupied West Bank. Abbas said the parliamentary election will be held on May 22 and the presidential vote on July 31.
Persons: Mohamad Torokman, Mahmoud Abbas, Joe Biden, Donald Trump, Fatah, Abbas, , Hani al, Masri, ” Hanna Nasir, , Zuheir, Khatib Organizations: West Bank, Reuters, REUTERS, Palestinian Center, Policy, Survey Research, Palestine Liberation Organization, European Union, West, POWER, Palestinian Locations: GAZA, RAMALLAH, West, Ramallah, United States, Israel, European, East Jerusalem, Gaza, Jerusalem, Bethlehem
Major European powers rebuke Iran over uranium metal plans
  + stars: | 2021-01-16 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: The Iranian flag flutters in front the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria July 10, 2019. REUTERS/Lisi NiesnerPARIS (Reuters) - Three European powers on Saturday warned Iran against starting work on uranium metal-based fuel for a research reactor, saying it contravened the 2015 nuclear deal and stressing that it had no civilian use but serious military implications. The U.N. nuclear watchdog and Tehran said on Wednesday that Iran had started the work, in the latest breach of its nuclear deal with six major powers as the country presses for a lifting of U.S. sanctions. Iran has been accelerating its breaches of the deal in the past two months. The nuclear deal imposes a 15-year ban on Iran producing or acquiring uranium metal, a sensitive material that can be used in the core of a nuclear bomb.
Persons: Lisi Niesner PARIS, Israel, Donald Trump’s, , Joe Biden Organizations: International Atomic Energy Agency, IAEA, REUTERS, Saturday, Iran, Locations: Vienna, Austria, Tehran, Iran, ” France, Britain, Germany, U.S, China, Russia, United States, Washington
But because no cloud provider is as popular as Amazon, people skilled in, say, Oracle's cloud aren't as as easy to find as those who know how to build on AWS. It would take time to figure out how to perform similar functions on Parler's own servers or a cloud other than AWS. Parler filed suit against Amazon in federal district court in an attempt to stop Amazon from suspending Parler's account, and Amazon pushed back, requesting that the court deny Parler's motion. Large AWS customers can sign up for more extensive agreements, which allow more customers time to get into compliance if they wind up breaking rules. Parler recognized the drawbacks of being beholden to a cloud provider, but ultimately, the flexibility clouds offer was too appealing to ignore.
Persons: Twitter's Trump, Donald Trump, Parler, Amazon, Lydia Leong, I'm, Alexander Blair Organizations: Amazon Web Services, Amazon, Gartner, Apple, Twitter, Services, Genomics, Amazon Web, Gaming, Zynga, Wikileaks, AWS, Capitol, Electoral Locations: FarmVille, Washington
Publicis is the third-largest advertising company by revenue, with clients including Disney, Kraft Heinz, and Samsung. Insider identified 29 of the most powerful executives at Publicis leading its rebound. Publicis, with advertising and PR agencies like Saatchi & Saatchi, MSL, and Epsilon, is the third-largest ad holding company by revenue. Insider identified 29 of the top executives leading Publicis under CEO Arthur Sadoun with a focus on the US, which provides around 60% of the company's revenue. Read the rest of the story here: Meet the top executives leading advertising giant Publicis' turnaround as it takes on rivals WPP and OmnicomRead more of Business Insider's coverage of Publicis here:
Persons: Publicis, Kraft Heinz, Sephora, Arthur Sadoun, Maurice Lévy, Elisabeth Badinter, Marcel Bleustein, Blanchet, Steve King, Helen Lin, Amy Lanzi, Renetta McCann, George Floyd, Leo Burnett, Read, Omnicom Read Organizations: Disney, Samsung, WPP, Omnicom, Saatchi, Epsilon, Publicis, Facebook, Google, Target, Insiders, Black VP Locations: Hulu, Target
NASA plans to test-fire the core stage of its Space Launch System on Saturday around 5 p.m. EST. NASA plans to fire up the world's most powerful rocket stage on Saturday in a vital test for its forthcoming mega-size moon rocket, and you can watch live video of the action below. NASA via Associated PressThe core stage is the world's largest and most powerful rocket stage, according to NASA. NASA gave a "go" on Saturday morning to fuel the core stage with 733,000 gallons of cryogenically chilled propellant. Watch live video of the core stage's hot fireNASA is giving itself two hours to conduct the core stage's liquid-fuel test on Saturday, which can begin as soon as 5 p.m.
Persons: Rocketdyne, Jim Bridenstine, Northrop Grumman, Artemis, John Honeycutt, Dave Mosher Organizations: NASA's Stennis Space Center, NASA, SLS, Stennis Space Center, Boeing, Associated, Northrop, Kennedy Space Center, NASA's Marshall Space Flight Locations: Mississippi, Bay St, Louis , Mississippi, NASA's, Florida
(Reuters) - Vice President Mike Pence reached out to Vice President-elect Kamala Harris on Thursday, sources familiar with the situation said, marking the first contact at that level between the outgoing and incoming administrations. President Donald Trump, despite pledging to work toward a smooth transfer of power, has not contacted President-elect Joe Biden or explicitly acknowledged that Biden won the November election. Pence certified Biden and Harris’s electoral win in Congress last week after Trump supporters stormed the Capitol in attempt to stop the process. The vice president has trips scheduled this weekend to say goodbye to troops. Pence’s call to Harris was the latest step by the vice president to uphold some of the political norms that Trump has shattered.
Persons: Mike Pence, Kamala Harris, Pence, Donald Trump, Joe Biden, Biden, Trump, Harris Organizations: Trump, Capitol, Texas, White, Pro Locations: WASHINGTON, WILMINGTON, Del, U.S, Mexico, Florida
CANADA STOCKS-TSX flat as energy drag offsets U.S. stimulus optimism
  + stars: | 2021-01-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Updates prices, adds sector details)Jan 15 (Reuters) - Canada’s main stock index was muted on Friday, as weakness in energy stocks and fears of tighter lockdowns amid rising coronavirus cases globally outweighed optimism around a $1.9 trillion U.S. stimulus plan. * Biden outlined a $1.9 trillion coronavirus stimulus package proposal on Thursday to jump-start the pandemic-hit economy. * On the TSX, 66 issues were higher, while 149 issues declined for a 2.26-to-1 ratio to the downside, with 18.61 million shares traded. * The most-heavily traded shares by volume were BlackBerry Limited , Green Organic Dutchman Holdings Ltd and Zenabis Global Inc.* The TSX posted four new 52-week highs and no new lows. * Across all Canadian issues there were 24 new 52-week highs and two new lows, with total volume of 50.17 million shares.
Persons: Brent, Biden, Amal S, Krishna Chandra Eluri Organizations: Toronto Stock, Ballard Power Systems Inc, TSX, Osisko Mining Inc, Blackberry, Aphria Inc, BlackBerry, Green Organic Dutchman Holdings, Zenabis Global Locations: Germany, France, China, Bengaluru
ROME (Reuters) - Italian Prime Minister Giuseppe Conte worked the phones on Friday, trying to secure enough votes in parliament to allow him to stay in power after a junior ally quit the cabinet this week. Italian Prime Minister Giuseppe Conte leaves the ceremony marking the rotation of the General Commander of the Carabinieri, in Rome, Italy, January 15, 2021. REUTERS/Remo CasilliThere was growing confidence within the coalition that the government could stay afloat as a new, pro-government group formed in the Senate and the head of the country’s influential bishops’ association appealed for stability. Conte is due to address the lower house on Monday and the upper house Senate on Tuesday about the political chaos which was triggered by former premier Matteo Renzi in a row over the coalition’s handling of the coronavirus and economic crises. However, even if Conte scrapes together enough votes in the 321-seat Senate, his government’s future will initially look fragile and prone to instability.
Persons: Giuseppe Conte, Remo Casilli, , Conte, Matteo Renzi, ” Andrea Orlando, ” Ricardo Antonio Merlo, Gualtiero Bassetti, waiverers, Matteo Salvini, Jorge Garayo, Ninon Bachet, Adam Kurpiel Organizations: Italian, REUTERS, Democratic Party, Sky Italia, Italo, Reuters, Senate, Italia, League, Analysts, Societe Generale Locations: ROME, Rome, Italy
Dustin Diamond, known best for his portrayal of a lovable nerd on “Saved by the Bell,” has been diagnosed with stage 4 cancer after being hospitalized over the weekend, the actor's manager said Thursday. Diamond, 44, was taken to a Florida hospital days ago after feeling unwell, his spokesman previously confirmed to NBC News. The former child star is awaiting test results to learn the exact location and nature of the cancer. Diamond came to fame in the 1990s with his role of Samuel "Screech" Powers on “Saved by the Bell. He played the role of best friend and sidekick to the show’s main character and offered comic relief as a kind-hearted geek.
Persons: Dustin Diamond, Bell, , Diamond, Samuel " Screech, Powers Organizations: NBC News, NBCUniversal, NBC Locations: Florida, Wisconsin
Disney has parted ways with at least 40 senior execs since Bob Chapek became CEO in February 2020. WarnerMedia also lost at least 35 top executives after CEO Jason Kilar came aboard in May. Read more: WarnerMedia has lost at least 35 top execs since Jason Kilar became CEO and began a massive reorg focused on streaming. In one of many roles throughout his Disney career, Chapek was president of distribution for Walt Disney Studios. "The original senior exec structure was pulled out from under him," the former Disney Plus staffer said.
Persons: Bob Chapek, Kevin Mayer, Disney, Bob Iger, Ricky Strauss, leaderships, WarnerMedia, Jason Kilar, Read, Christine McCarthy, wasn't, Chapek, Iger, Kareem Daniel, Strauss, It's, Alan Horn, Wall, Ashley Rodriguez Organizations: Disney, Business, Bank of America, Walt Disney Studios, Media, Entertainment, Disney execs, ESPN, Disney Plus, Variety, Disney TV
(CNN) Dustin Diamond, who played the role of Screech on the popular 1990s high school comedy "Saved by the Bell," is hospitalized with cancer, his manager told CNN Friday. Diamond's health is "serious" and he is undergoing testing at an undisclosed Florida hospital to determine the type and severity of the cancer, according to his rep.An actor and stand-up comedian, Diamond is best known for his performance as Samuel "Screech" Powers in the teen series that was recently reimagined by the Peacock streaming service with some of the original stars, though not Diamond. His 2009 book "Behind the Bell," in which Diamond shared backstage stories about shooting "Saved by the Bell," stirred controversy. He also faced some legal troubles, serving three months in jail for stabbing a man during a 2014 altercation at a bar in Wisconsin.
Persons: Dustin Diamond, Screech, Bell, Diamond, Samuel, Powers, Read Organizations: CNN Locations: Florida, Wisconsin
The exit underscores the divide in the oil industry over how to respond to climate change. For major oil-and-gas companies, scope 3 can comprise as much as 85% of total emissions, according to S&P Global Market Intelligence. Indeed, InfluenceMap, a London-based think tank focused on energy and climate change, said the API "appears to be broadly hostile to progressive climate policy." Shell RDSA said that it regularly reviews its membership in industry associations, but it signaled no imminent exit from the API. "Specific to climate, API is moving closer to Shell's own stated views," a Shell spokesman told CNN Business.
Persons: Andrew Logan, Patrick Pouyanne, Joe Biden, Biden, Mike Sommers, API's, Sommers, Will, Edward Collins, Shell RDSA, Shell's Organizations: CNN, American Petroleum Institute, Total, BP, Chevron, Corporate, ConocoPhillips, ExxonMobil, Shell, P Global Market Intelligence, Transportation, Alliance, Will BP, CNN Business Locations: York, Corporate America, United States, Paris, London
Prosecutors are seeking to modify the bond agreement of Kyle Rittenhouse — the teen charged with killing two people during protests in Kenosha, Wisconsin, last summer — after they said he flashed white power signs and was “loudly serenaded” the Proud Boys’ anthem at a bar. On Wednesday, the Kenosha County District Attorney’s Office filed a motion to restrict Rittenhouse, who turned 18 earlier this month, from possessing or consuming alcohol at a bar or restaurant, displaying white power signs, and fraternizing with known members of white supremacy groups. The conditions of Rittenhouse’s bond currently do not restrict him from entering a bar, drinking alcohol, or making contact with white supremacist militia groups like the Proud Boys. But in Wisconsin, people under the age of 21 can carry and drink alcohol if they are with a parent. Rittenhouse allegedly killed Joseph Rosenbaum, 36, and Anthony Huber, 26, and injured a third man, Gaige Grosskreutz, who had a handgun.
Persons: Kyle Rittenhouse —, serenaded, Rittenhouse, Jacob Blake, Trump, Joseph Rosenbaum, Anthony Huber, Gaige Grosskreutz Organizations: Attorney’s, Authorities Locations: Kenosha , Wisconsin, Kenosha, Antioch , Illinois, Mount Pleasant , Wisconsin, Illinois, Wisconsin
Kenosha County prosecutors filed a motion Wednesday seeking to modify Kyle Rittenhouse's bail conditions. The move comes after Rittenhouse, 18, was spotted at a bar after posting $2 million bail in November. According to prosecutors, Rittenhouse was fraternizing with members of the Proud Boys and flashed a white power hand sign. Footage taken from security cameras at Pudgy's Bar also appears to show Rittenhouse flashing the "okay" hand sign favored by white supremacists. That, also, is not a violation of Rittenhouse's bail conditions.
Persons: Kyle, Rittenhouse, Kyle Rittenhouse, that's, Rittenhouse —, — wasn't, TMJ4 Organizations: Kenosha Locations: Wisconsin, Kenosha, Milwaukee
Switzerland will hold a referendum on whether to strip the government of its power to impose new lockdown measures. It comes amid an increasing national debate about the rights of individuals, the Financial Times reported. The Swiss government this week tightened existing measures amid concern about new, more transmissible strains of the virus which have been linked to rising infection ratesVisit Business Insider's homepage for more stories. Switzerland will hold a referendum on whether to strip the government of its power to impose new lockdown measures amid an increasing national debate about the rights of individuals. Switzerland's government has not implemented strict lockdowns during the coronavirus pandemic like many European countries, instead emphasizing the role of personal responsibility.
Persons: Christoph Pfluger Organizations: Financial Times, Reuters Locations: Switzerland, Swiss
Eschewing the strategic M&A route that many legal tech companies have pursued, Ironclad plans to double down on its in-house product development. Its partnership with Google Cloud allows it to leverage the tech giant's advanced machine-learning technology to boost its own AI contracting capabilities. Contracts — typically seen as dense blocks of boilerplate text for corporate lawyers to deal with — are having their moment in legal tech. Contract lifecycle management, or CLM, software has become one of the buzziest areas in the legal tech market. "Even with the funding, we wouldn't be able to field world-class solutions without Google Cloud AI," GoGwilt told Insider.
Persons: Lux, Mary Meeker, Read, Andreessen Horowitz, Cai GoGwilt, Jason Boehmig, GoGwilt, they'll, Jake Saper, don't, Saper Organizations: Google, , New York Times, VC, Sequoia, Bessemer Venture Partners, Fenwick & West, Google Cloud, Tech
35 of the most powerful women in 2021
  + stars: | 2021-01-14 | by ( Erin Mcdowell | ) www.businessinsider.com + 1.00   time to read: +1 min
From first ladies of the United States to prominent businesswomen and leading figures in the entertainment industry, these women hold great power. From the boardroom to Hollywood and the floor of the House of Representatives, women today are making their presence known. In 2021, the wage gap may still exist between men and women — and even more so between different racial groups — but with movements such as #MeToo and Time's Up maintaining momentum and more women involved in politics than ever before, women are also more powerful than ever. On January 20, Senator Kamala Harris will be sworn in as the first female and first Black and South Asian vice president. Here are just some of the most powerful women in the world in 2021.
Persons: Kamala Harris, Queen Elizabeth II, , Joe Biden Organizations: South, Hollywood Locations: United States, United Kingdom
Veeva Systems CEO on powering Covid-19 treatments, pharma partnerships
  + stars: | 2021-01-14 | by ( ) www.cnbc.com sentiment -0.61   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVeeva Systems CEO on powering Covid-19 treatments, pharma partnershipsCNBC's "Squawk on the Street" team discusses how Veeva Systems has partnered with pharma companies and is helping to power Covid treatments, with Veeva Systems CEO and founder Peter Gassner.
Persons: Peter Gassner Organizations: Veeva, pharma, Veeva Systems
(CNN) Marvel flexes different muscles with "WandaVision," leveraging major assets while stretching its creative formula in this first series for Disney+. The result wields more of a scalpel than a hammer, wryly celebrating the history of television while slowly, very slowly, pulling the viewer into an enticing "The Twilight Zone"-esque mystery. The first three episodes of the nine-part series prove stingy with significant clues, so the audience should be forewarned to buckle in for the ride. They're reintroduced, somewhat jarringly, in a black-and-white sitcom episode, reflecting a real fondness for the genre, and portrayed with spot-on performances by the leads. That's the fundamental mystery, one the producing team is clearly in no hurry to divulge.
Persons: Matt Shakman, Jac Schaeffer, Dick Van Dyke, Elizabeth Olsen, Paul Bettany, Wanda, They're, Kathryn Hahn, Robert Lopez, Kristen Anderson, Lopez, What's Organizations: CNN, Marvel, Disney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSocial media platforms have too much power and nothing is being done about it: Niall FergusonNiall Ferguson, Hoover Institution senior fellow, says social media companies have too much power and there's little being done by regulators to control it. He joins 'Closing Bell' to discuss what this could mean for the future of content moderation.
Persons: Niall Ferguson Niall Ferguson Organizations: Hoover Institution
I think it's good. This is one that's come down a lot and I think it's kind of attractive, frankly." Occidental Petroleum: "You are going to have to get out of it eventually ... You've got this window. I think Salesforce is having a real good quarter, real good year. We're holding off right now, but I think we're going to have to start buying next week."
Persons: Romeo, You've, you've Organizations: Ballard Power Systems, Occidental Petroleum
In today's business news: Costco has some sad news for analog photographers, Taco Bell is bringing back potatoes, and Petco is taking on Chewy. Taking a selfie in the early '90s was really, really hard. Chewy is an all-online retailer that's growing much faster than the 55-year-old Petco, but Petco is profitable (its operating income rose by 84% during the first three quarters of 2020 to $127 million.) This just in: Taco Bell potatoes are coming backWe can confirm: Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco will be back on the menu this March after being unjustly removed last summer. "Taco bell getting rid of potatoes is worse than my parents' divorce," one person tweeted in July.
Persons: Taco, Let's, you've, They've, Petco, Matt Egan, Chewy, it's, we're, Bell, Liz Matthews, Danielle Wiener, Bronner, seltzer Organizations: CNN, CNN Business, Costco, Taco Bell, Health, Wellness, Taco, Biden, United Locations: Taco, United States
How Africa could use solar tech to distribute Covid-19 vaccines
  + stars: | 2021-01-14 | by ( Nell Lewis | ) edition.cnn.com + 0.00   time to read: +7 min
Even if enough vaccines are secured, there is an enormous logistical challenge: how to transport temperature-sensitive vaccines to places without reliable electricity and refrigeration. The Pfizer-BioNTech vaccine has to be kept at minus 75 degrees Celsius (minus 103 degrees Fahrenheit,) while Moderna's can be kept at minus 20 degrees Celsius (minus 4 degrees Fahrenheit.) Even so, existing cold chain networks will not be enough. Previously, PEG Africa's refrigeration efforts had focused on establishing a cold chain for food products, helping produce get to market without spoiling. He hopes innovations in the cold chain for Covid-19 could produce wider long-term benefits, and be applied to both food and health.
Persons: Toby Peters, Peters, Hugh Whalan, Whalan, Oghenetega Iortim, Iortim Organizations: CNN, African Union, University of Birmingham, UN, Africa Centre of Excellence, Cooling, Pfizer, Oxford, AstraZeneca, PEG, Power, USAid, World Health Organization, Nigeria's National, for Disease Control, Nigerian Institute of Medical Research, WHO, Standards Organisation, Nigeria, Vaccinating Locations: Africa, PEG Africa, West Africa, Power Africa, fisherwomen, Ghana, Ivory Coast, Senegal, Nigerian, South Africa, Egypt
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