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☆ Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits
▼ + stars: | 2024-05-22 | by ( Don Clark | ) www.nytimes.com time to read: +1 min

Nvidia, which makes microchips that power most artificial intelligence applications, began an extraordinary run a year ago. Fueled by an explosion of interest in A.I., the Silicon Valley company said last May that it expected its chip sales to go through the roof. They did — and the fervor didn’t stop, with Nvidia raising its revenue projections every few months. Its stock soared, driving the company to a more than $2 trillion market capitalization that makes it more valuable than Alphabet, the parent of Google. On Wednesday, Nvidia again reported soaring revenue and profits that underscored how it remains a dominant winner of the A.I.

Persons: sevenfold Organizations: Nvidia, Google, Revenue Locations: A.I

☆ Jamie Dimon says a BofA banker's untimely death sparked questions inside JPMorgan: 'What can we learn?'
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

At the time, Dimon said, the priority was to understand "what we do know, what can we learn from it." Dimon's comments come as the investment-banking industry grapples with the surprising deaths of not one but two deaths at BofA this month. "We're aware of these stories, and they are tragic and incredibly sad," Rohrbaugh continued, calling it the "job" of bank leaders to look after employees' health on the job. AdvertisementCurrent and former employees at BofA told Business Insider that 100-hour workweeks were not unusual at the bank. Earlier this month, a BofA spokesperson told BI of Lukenas' passing: "We are very saddened by the loss of our teammate.

Persons: Jamie Dimon, JPMorgan Chase, Leo Lukenas III, Robin Leopold, Dimon, Troy Rohrbaugh, Rohrbaugh, Lukenas, headhunter Douglas Walters, Adnan Deumic, cardigan, Reed Alexander Organizations: Service, JPMorgan, Bank of America, Business, New York, Medical, BofA, Reuters, GrayFox, Bloomberg, Wall Locations: America's, BofA, London

☆ Russian forces use border-town captives as ‘human shields,’ Ukrainian officials say
▼ + stars: | 2024-05-17 | by ( Mariya Knight | Chris Lau | ) edition.cnn.com time to read: +3 min

Vovchansk, in the northern Kharkiv region, has faced an onslaught, with Russian forces claiming to control surrounding villages, forcing civilians to flee. The details came a day after Ukraine’s Interior Minister Ihor Klymenko said Russians are taking civilians captive in northern Vovchansk. Russia has not commented on its troops using civilians as human shields or targeting those trying to evacuate. Russian forces launched airstrikes on Kharkiv Friday, killing at least three people and injuring 28, mayor Ihor Terekhov said in a Telegram post. He also said there may be several waves of Russian attacks on the region, and emphasized the need for Patriot missile systems to push Russian troops out of Kharkiv.

Persons: Serhii Bolvinov, ” Bolvinov, Bolvinov, Ihor Klymenko, ” Klymenko, Ihor Terekhov, Oleh Syniehubov, Volodymyr Zelensky, Zelensky Organizations: CNN, Russian, Kharkiv, police, Suspilne, Ukraine’s, ” Police, Russian Defense Ministry, AFP, Patriot, The United States Locations: Vovchansk, Moscow, Ukraine, Kharkiv, Ukrainian, Russian, Russia

Given this outlook, the firm lifted its price target to $70 from $65, reflecting 24% upside from Thursday's close. — Samantha Subin 6:20 a.m.: Citi trims price target on Roblox, cites slower bookings growth Citi cut its price target on Roblox to $40 from $52 a share as the gaming platform grapples with a deceleration in bookings growth. "We are updating our model to account for 1Q24 results and our latest outlook," wrote analyst Jason Bazinet. For 2025, Citi now expects bookings growth of 14% versus 21%, or 4% below consensus. The firm expects bookings growth of 10% in 2026, which is 11% below consensus.

Persons: Macquarie, Jefferies, Reddit, Ronald Josey, OpenAI, Josey, – Samantha Subin, Mark McLaughlin, McLaughlin, — Samantha Subin, Jason Bazinet, DAUs, Bazinet, Craig Siegenthaler, Siegenthaler, Robinhood, — Fred Imbert, Morgan Stanley downgrades Baidu, Morgan Stanley, Gary Yu, Yu, Ellie Jiang, JD, Jiang, Laurence Alexander, Alexander Organizations: CNBC, DuPont, OpenAI, Bank of America, Citi, Baidu, Macquarie, Jefferies, DuPont de Nemours Locations: China, 3Q24, Robinhood, Underperform, Thursday's, JD.com

☆ Elon Musk axed the entire Tesla Supercharger team after their division chief defied orders and said no to more layoffs
▼ + stars: | 2024-05-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.

Persons: —, Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI

☆ Walgreens to offer its own cheaper version of opioid overdose reversal drug naloxone
▼ + stars: | 2024-05-15 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Walgreens on Wednesday said it will offer its own cheaper version of the over-the-counter opioid overdose reversal spray naloxone. The company said it will sell a two-dose pack of "Walgreens Brand Naloxone" for $34.99. That's around $10 cheaper than the over-the-counter branded drug Narcan, which became the first prescription-free version of naloxone to win Food and Drug Administration approval last year. The company said the launch of its prescription-free naloxone nasal spray comes after the FDA's recent approval of the product. Mammen hopes that Walgreens can help reduce the stigma associated with drug overdoses and naloxone use.

Persons: naloxone, Priya Mammen Organizations: Walgreens, Centers for Disease Control, Food, Drug, CNBC Locations: U.S

The future of Tesla Supercharging is uncertain following CEO Elon Musk's disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle programs. "I would describe the Supercharger network as one of the crown jewels of Tesla," said Andres Pinter, co-CEO of Bullet EV Charging Solutions. "Instead of doing victory laps and building the Supercharger network and reaping the benefits of this asset, suddenly there's this pause." Musk said in a post that Tesla still plans to grow the Supercharger network, just at a slower pace.

Persons: Elon Musk's, Rebecca Tinucci, Daniel Ho, Tesla, Andres Pinter, It's, Musk, Matt Teske Organizations: EV, Solutions, Bloomberg, Tesla, Ford Motor, General Motors Locations: North America

☆ No 'credible plan': U.S.' Blinken issues harshest criticism yet of Israel's Gaza operations
▼ + stars: | 2024-05-13 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

"One, you have to have a clear, credible plan to protect civilians, which we haven't seen. Second, we also need to see a plan for what happens after this conflict in Gaza is over, and we still haven't seen that." The Israel-Hamas war has killed more than 34,000 people in Gaza, according to Palestinian health authorities in the besieged enclave. We're seeing parts of Gaza that Israel has cleared of Hamas where Hamas is coming back, including in the north, including in Khan Younis," Blinken said. Smoke rises after Israeli airstrikes in eastern Rafah, Gaza on May 07, 2024.

Persons: Antony Blinken, Mike Herzog, Evelyn Hockstein, Blinken, Biden, Joe Biden, Ashraf Amra, Benjamin Netanyahu, Khan Younis, Abed Rahim Khatib, We've Organizations: Ben, Reuters U.S, CBS, Israel, Administration, Anadolu, Getty, Hamas, State Department, NBC Locations: U.S, Ben Gurion, Tel Aviv, Israel, Gaza, Rafah, Deir, Balah, Palestinian, America, Egypt

☆ China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan
▼ + stars: | 2024-05-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

What's more, Xi Jinping has told the Chinese military to prepare for war and said that reunification with Taiwan is inevitable. But not everyone thinks a Chinese military move is necessarily imminent. If China was actively preparing for a near-term invasion of Taiwan, Kennedy said there are a few things he might expect to see first. AdvertisementIf China does invade, the global economic impact would be huge, and despite its efforts to secure its economy, China would likely be far from unscathed. "Any action against Taiwan would be disastrous for China's economy," Chilukuri said.

Persons: —, Vivek Chilukuri, Scott Kennedy, It's, Chilukuri, Xi Jinping, China's, Jinping, Kennedy, he'd Organizations: Service, Business, West, Center, New, New American Security, Center for Strategic, International Studies Locations: China, Southeast Asia, Europe, US, Taiwan, New American, United States, Russia, Ukraine, Hong Kong

☆ Brazil floods: More intense rain expected as death toll reaches 107
▼ + stars: | 2024-05-09 | by ( Michael Rios | Vasco Cotovio | ) edition.cnn.com time to read: +1 min

CNN —More heavy rain is expected to pummel Brazil, as the South American nation grapples with the deadly fallout of last week’s extreme weather, which submerged whole neighborhoods. The heavy rains and floods have killed at least 107 people in Brazil’s Rio Grande do Sul since last week, the state’s civil defense agency said Thursday morning. Officials are urging those who have been rescued from the floods not to return to their homes, warning that more rain is in the forecast. “It is important to highlight that the predicted volumes of rain may cause new disruptions in areas already affected previously,” a statement from INMET read. The record rainfall hitting the region has been linked to El Niño, a natural climate phenomenon that warms waters in the Pacific and tends to bring heavy rainfall to southern Brazil.

Persons: INMET, El Niño, Elon Musk Organizations: CNN, SpaceX Locations: Brazil, American, Brazil’s Rio Grande do Sul, Rio Grande do Sul, Pacific, Uruguay

Seoul, South Korea CNN —South Korea’s leader on Thursday said he plans to create a new government ministry to tackle the “national emergency” of the country’s infamously low birth rate as it grapples with a deepening demographic crisis. In a televised address, President Yoon Suk Yeol said he would ask for parliament’s cooperation to establish the Ministry of Low Birth Rate Counter-planning. “We will mobilize all of the nation’s capabilities to overcome the low birth rate, which can be considered a national emergency,” he said. South Korean President Yoon Suk Yeol at a press conference in Seoul, South Korea, on, May 9, 2024. Countries like South Korea, Japan and China, however, have shied away from mass immigration to tackle the decline in their working age populations.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kyung, Fumio Kishida Organizations: South Korea CNN, of, South, AP, Korea, Families Agency Locations: Seoul, South Korea, Korea, Japan, China

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."

Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog

☆ I landed a dream internship at Tesla. Now I'm scrambling after the company cancelled my internship 3 weeks before I was set to start.
▼ + stars: | 2024-05-02 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Tesla is revoking summer internship offers as the automaker grapples with layoffs. One college senior said she was disappointed to lose her internship just weeks before she was set to start. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA college senior who scored a prestigious Tesla internship is scrambling to make new professional plans after the automaker revoked her offer less than three weeks before she was supposed to start. I was looking for a big corporate internship," Gura said.

Persons: Tesla, Brook Gura, —, Brook, Austin, Gura, wasn't, she'd, she's Organizations: Tesla, Service, University of Texas, Business, LinkedIn Locations: Brook Gura

☆ ‘The Tattooist of Auschwitz’ review: Harvey Keitel stars in a love story set in the darkest of times
▼ + stars: | 2024-05-02 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Jumping around in time, this British production captures the horror of that experience while finding notes of grace in its narrator’s survival. That’s in part because this six-part series is at its core a love story, unfolding under the most horrible of circumstances. Harvey Keitel as the older Lali Sokolov in "The Tattooist of Auschwitz." Martin Mlaka/Sky UK“I haven’t got long,” Lali tells her, fueling her commitment to ensure his story gets told. “The Tattooist of Auschwitz” premieres May 2 on Peacock.

Persons: Harvey Keitel, Lale Sokolov, Jonah Hauer, King, Anna Próchniak, “, Gita, Lali, Heather Morris, Melanie Lynskey, Lali Sokolov, Martin Mlaka, haven’t, ”, Barbra Streisand, Sokolov Organizations: CNN Locations: Auschwitz

☆ World's largest olive oil producer says the industry faces one of its toughest moments ever
▼ + stars: | 2024-05-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Spain's Deoleo, the world's largest olive oil producer, says the industry needs to undergo a "profound transformation" as it grapples with one of the most challenging moments in its history. A perfect storm of climate change, soaring prices, high interest rates and robust inflation has taken its toll throughout the olive oil value chain in recent months. Spain accounts for more than 40% of the world's olive oil production, making it a global reference for prices. Extra virgin olive oil prices in Spain's Andalusia hit a record high of 9.2 euros ($9.84) per kilogram in January. Olive oil prices have cooled due in part to an uptick in production estimates and beneficial rains in March and April.

Persons: Spain's Deoleo, Miguel Angel Guzman, Guzman Organizations: CNBC Locations: Europe, Spain, Andalusia, Olive

☆ Starbucks just had a ‘disappointing’ quarter. Here’s how it plans to turn things around
▼ + stars: | 2024-05-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Starbucks is brewing a turnaround plan that involves speedier service and expanding the number of promotions after its most recent quarter was “disappointing,” in the words of its own chief executive. “Let me be clear from the beginning, our performance this quarter was disappointing,” said CEO Laxman Narasimhan on the earnings call. Same-store sales in the United States fell 3%, a sharp reversal from the same quarter a year ago, when they grew 12%. In China, the chain’s second-largest market, sales fell a staggering 11%, with the company blaming competition from “value players” in the country. Starbucks is now forecasting revenue to grow in the low single digits, a steep decline from its previous forecast of 7% to 10%.

Persons: ”, Laxman Narasimhan, ” Narasimhan, “ Headwinds, Narasimhan Organizations: New, New York CNN, Starbucks, East, Alshaya Locations: New York, United States, China, Gaza

Rescue teams are digging through the mud and debris trying to find survivors near Mai Mahiu, in Kenya’s Nakuru County, Gov. In Mai Mahiu, Kihika said a serious situation was unfolding as floodwaters swept away people and homes. Access to Mai Mahiu, 20 miles north of the capital Nairobi, had been difficult as part of the road had been cut off from recent heavy rains, Kihika said. Other video shows vast flooding around the Tana River, with large parts of the surrounding area underwater. Heavy rains in East Africa have also affected Tanzania and Burundi.

Persons: Susan Kihika, Isaac Maigua Mwaura, Mai Mahiu, Kihika, ” Kihika, Tana, Andre Kasuku, downpours, El Niño, Jagan Chapagain, Kassim Majaliwa Organizations: Kenya CNN —, Gov, CNN, Kenya Red Cross Society, of Education Locations: Nairobi, Kenya, Mai Mahiu, Kenya’s Nakuru County, Mai, Mororo, Tana River, Garissa, North Eastern Kenya, Tana, Kona, Tana River County, East Africa, Tanzania, Burundi, Tanzanian

☆ Notorious far-right blog The Gateway Pundit declares bankruptcy over 2020 election-related lawsuits
▼ + stars: | 2024-04-24 | by ( Oliver Darcy | Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —The Gateway Pundit, the notorious far-right blog and prolific publisher of conspiracy theories, said Wednesday that it had filed for bankruptcy protection as it grapples with litigation related to its coverage of the 2020 election. Another lawsuit, filed by a former Dominion Voting Systems executive, accuses the outlet of defamation. The Gateway Pundit denies wrongdoing in both cases. Over the years, The Gateway Pundit has become infamous for its publishing of hyper-partisan blog posts, many of which advance dangerous lies and conspiracy theories. The Gateway Pundit is one of several right-wing media outlets grappling with the fallout stemming from its promotion of 2020 election lies.

Persons: Donald Trump, Joe Biden, Ruby Freeman, Wandrea, ” Moss, Jim Hoft, Trump, MAGA, Hoft, ”, ” Hoft Organizations: CNN, Dominion Voting Systems, Republican, Fox News, America News Locations: Georgia, Smartmatic, Dominion

☆ 'We can save our planet faster': Robotics tech and software offer efficient reforestation solutions
▼ + stars: | 2024-04-23 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +8 min

Companies are using drones and special software to plant trees and overcome reforestation pain points. Robotics making reforestation more efficientThe tech-driven company Mast Reforestation uses drones and biotechnology to help landowners restore forestland after wildfires. Another company using robotics to plant trees is Flash Forest, which employs automated drones to restore burn sites and other damaged forest areas. To combat this issue, Mast Reforestation uses its custom-built software as a seed-inventory and seed-collection logistics platform. The software helped Mast Reforestation collect enough seeds last year to reforest about 2,100 acres on Sheep Creek Ranch in Montana.

Persons: Matthew Aghai, Aghai, Grant Canary, they're, Chris Ireland, Flash, Randy Johns, Jeff Renton, Forest's Organizations: Service, Global Forest Watch, Forest, Ireland, Business, Flash, Boreal, Keewatin Community Development Association, Flash Forest Locations: forestland, Technology, —, Canada, Ireland, Keewatin, Canadian, Saskatchewan, Montana, , Montana

☆ Stocks making the biggest moves after the bell: Tesla, Visa, Mattel and more
▼ + stars: | 2024-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle maker climbed 6.9% despite earnings coming in weaker than analysts forecasted for the first quarter. Tesla posted 45 cents in adjusted earnings per share on $21.3 billion in revenue, while analysts surveyed by LSEG anticipated 51 cents and $22.15 billion. Mattel said it gave up 5 cents per share in the first quarter, less than the 12 cents anticipated by analysts polled by LSEG. Mattel saw $810 million in revenue for the three-month period, under Wall Street's consensus estimate of $832 million. The company said to expected second-quarter revenue between $290 million and $330 million, under the consensus forecast of $349 million.

Persons: Tesla, LSEG, Enphase Organizations: Mattel, LSEG, Texas, Visa

☆ Earnings this week will be dominated by Big Tech. What analysts expect
▼ + stars: | 2024-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.

Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China

☆ Russia's economic strength will last another 18 months before unraveling as Putin grapples with policy 'trilemma,' think tank says
▼ + stars: | 2024-04-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia's economic strength could last another year-and-a-half before it starts to fade, according to the Carnegie Endowment for International Peace. In a best-case scenario, the current arrangement will likely begin to come apart within eighteen months owing to growing imbalances and possible social problems," Prokopenko warned. In other words, temporary fixes and a decline in living standards will add to the political and economic headwinds facing the Kremlin," Prokopenko said. Experts have warned of near-term social unrest in Russia, particularly as living standards continue to deteriorate.

Persons: —, Alexandra Prokopenko, Prokopenko, Putin Organizations: Service, Carnegie Endowment, International Peace, Washington DC, Monetary Fund, Business, Carnegie Russia Eurasia Center, Kremlin Locations: Ukraine, Russia, Moscow

☆ Tesla cuts prices nearly $2,000 in China, in line with U.S. cuts
▼ + stars: | 2024-04-21 | by ( ) www.cnbc.com time to read: +2 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs. Tesla made similar cuts to the Model Y starting price, now 249,900 yuan, the regular version of the Model S to 684,900 yuan and the Model S Plaid to 814,900 yuan. The carmaker on Friday cut U.S. prices of its Model Y, Model X and Model S vehicles by $2,000. Tesla reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Persons: Tesla, Narendra Modi, Musk Organizations: Elon Musk's, Model, Plaid, Reuters Locations: Gruenheide, Germany, China, United States, India

☆ Vital US arms and ammo could reach Ukraine in days once Senate passes military aid bill as expected, Pentagon says
▼ + stars: | 2024-04-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The Pentagon is expediting preparation for a military aid package, awaiting Senate approval. The $95 billion aid bill, expected to pass next week, designates $60 billion for Ukraine. AdvertisementThe Pentagon could rush vital air defense weapons and artillery shells to Ukraine within days if the military aid bill clears the Senate as expected and receives President Joe Biden's signature, said the Department of Defense. The bill is widely expected to pass the Senate in the coming days. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesThe new aid package addresses critical shortages of Ukrainian units, including 155 mm ammunition for NATO-standard artillery systems and medium-range rocket artillery.

Persons: —, Joe Biden's, Biden, Diego Herrera Carcedo, Volodymyr Zelenskyy, Pat Ryder, Jens Stoltenberg Organizations: Pentagon, Service, Department of Defense, Washington Post, Republican Party, Anadolu Agency, Getty, NATO, Guardian, Officials, Pentagon Press, Air Force Locations: Ukraine, Israel, Asia, Russia, Ukrainian, Donetsk Oblast, Washington, Avdiivka, Russian

☆ Senior White House official tapped to serve in important European ambassadorial role amid Ukraine concerns
▼ + stars: | 2024-04-18 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +2 min

Curtis Ried, a longtime career foreign service officer who has served under two presidents at the White House, who currently serves as chief of staff and counselor of the White House National Security Council is being nominated for the post, CNN has learned. As Congress grapples with next steps on Ukraine aid, Biden administration officials have warned of the consequences if Ukraine doesn’t receive billions in additional funding, citing losses on the battlefield and ceding ground to Russia. The OSCE is the world’s largest regional security organization and is made up of 57 members, including Russia. The move to nominate Ried comes as the US seeks to reaffirm leadership on the world stage amid political wrangling in Washington that’s stalled aid to Ukraine. It’s unclear, however, when Ried would assume the post as the nomination still needs to work its way through the Senate.

Persons: Joe Biden, Curtis Ried, Ried, Biden, Michael Carpenter, ” Carpenter, Washington that’s, Bill Burns, “, He’s Organizations: CNN, White House, Organization for Security, Cooperation, Ukraine, White, White House National Security Council, United Nations, Biden, OSCE, National Security Council, CIA, Senate Locations: Europe, Ukraine, Afghanistan, Gaza, Ried, Russia, Israel, Russian, Washington

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