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☆ Porsche reveals first-ever 911 hybrid sports car, starting at $164,900
▼ + stars: | 2024-05-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry's focus on increasing electrified vehicles and tightening fuel economy standards. "We developed and tested various ideas and approaches to decide on a hybrid system that optimally suits the 911," Frank Moser, Porsche vice president of the 911 and 718 model lines, said in a release. The new 911 Carrera GTS can accelerate from 0 to 60 mph in 2.9 seconds – 0.3 seconds quicker than the prior non-hybrid GTS model – and reach a top track speed of 194 mph. It is powered by a newly developed 3.6-liter boxer hybrid engine that produces 532 horsepower and 449 foot-pounds of torque.

Persons: Frank Moser Organizations: Porsche, Carrera, Volkswagen

☆ Everyone you know is going on a cruise
▼ + stars: | 2024-05-27 | by ( Harriet Baskas | ) www.cnbc.com time to read: +2 min

Benjamin Xiang, a San Francisco-based flight attendant, went on his first cruise last August, setting aside his reservations about "cruise people" and a type of trip he'd imagined would be "not my travel style." He's among the many cruise newbies who've helped power the industry's recent growth. Some 27% of cruise passengers over the past two years have been first-timers, up 12% from the prior two-year period, according to the Cruise Lines International Association (CLIA), a trade group. That's exactly what cruise operators are hoping for, and so far they're getting it: 82% of all cruisers say they'll book again, CLIA's latest report found. After welcoming 31.7 million passengers last year, 7% more than in 2019, the industry expects volumes to swell to 34.7 million by the end of 2024.

Persons: Benjamin Xiang, he'd, Xiang, who've, Will, CLIA's, Jennifer Klaussen Organizations: Voyages, Cruise Lines International Association, Sundari Locations: San Francisco, Barcelona, Mallorca, Ibiza, Malibu , California

☆ This new weight loss drug ETF bets big on two of the industry's leading players
▼ + stars: | 2024-05-27 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments' GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. Eli Lilly and Novo Nordisk each hold a roughly 20% weighting in the ETF, per Roundhill's website as of Friday. Mazza waived concerns that investors have missed out on the rally, noting the weight loss drug industry is still in its "early days." After last Tuesday's launch, shares of Roundhill's GLP-1 & Weight Loss ETF ended the week down by almost 2%.

Persons: Eli Lilly, Dave Mazza, Mazza, CNBC's Organizations: Investments, Novo Nordisk, Zealand Pharma, Amgen, Chugai Pharmaceutical Locations: Roundhill's

☆ SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes
▼ + stars: | 2024-05-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday — sending ether up 20% . Many are hailing FIT 21 as a landmark victory for the industry. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

Persons: Biden, Donald Trump, Rachel Lin, Oppenheimer, Owen Lau, Lau, Alex Thorn, didn't, Kirsten Gillibrand, Cynthia Lummis, I'd Organizations: Securities and Exchange Commission, SEC, Representatives, SAB, Innovation, Technology, Futures Trading Commission, CNBC, Galaxy Digital, Senate, Gillibrand, Democratic

☆ Billionaire investor Barry Sternlicht, master of the downturn, is now embroiled in one
▼ + stars: | 2024-05-24 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Read previewBarry Sternlicht became a real estate billionaire by snapping up commercial properties on the cheap during market downturns. The 63-year-old Miami-based executive, who built his firm Starwood Capital into a more than $100 billion real estate investment behemoth, has now found himself on the flipside of that formula. The situation is a reversal of fortune for Sternlicht, who is more used to capitalizing on real estate dips than becoming entangled in them. But investor sentiment darkened as interest rates rose and put pressure on real estate asset values. "They're concerned that there may be more markdowns in net asset value if interest rates stay higher for longer.

Persons: —, Barry Sternlicht, SREIT, Sternlicht, Matt Malone, REITs, Malone, Kevin Gannon, Gannon, Jon Mechanic, Fried Frank, Mechanic, Barry Organizations: Service, Starwood Capital, Starwood, Income Trust, Business, Federal Reserve, Shareholders, Westin, Caesars, Opto Investments Locations: Miami, Vegas, SREIT

☆ Copper prices will extend records and surge another 288% in the coming years, top trader says
▼ + stars: | 2024-05-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Top commodity trader Pierre Andurand expects copper to reach $40,000 a ton in the next four years. AdvertisementCopper prices at records are only a taste of what's to come, says top commodities trader Pierre Andurand. Copper is already sitting near record highs, so any quadrupling from current levels would mean a prolonged series of fresh records. It's bad news for a depleting inventory; last year, global copper supply hit its lowest seasonal level since 2008. The supply-demand imbalance is the same thesis for why commodities expert Jeff Currie expects higher prices, though his projection is nowhere near Andurand's — Currie expects copper to hit $15,000 in the coming years, and has called it "the most compelling trade" he's ever seen.

Persons: Pierre Andurand, —, That's, Andurand, BHP's, Jeff Currie, — Currie, I'm, Currie Organizations: Service, Financial Times, Bloomberg

☆ Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
▼ + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. All seven wells have been active since 2011, just two years after Burgum's family signed an agreement with Continental Resources. The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure. Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses' latest annual report in March.

Persons: Donald Trump, Doug Burgum, Vivek Ramaswamy, Jabin, Harold Hamm, Burgum, Theodore Roosevelt, Sen, Marco Rubio, Rubio, Trump, Hamm, Bradley Burgum, Mike Nowatzki, Nowatzki, Burgum's, He's, Barbara, Edward Hirs, Brandon Bell, Jack Balagia, Ryan Kellog, Kellog, Ted Borrego, —, Virginia Canter, Canter, Chip Somodevilla, he's, Kathryn, Dan Eberhart, Eberhart, Leah Millis Organizations: North Dakota Gov, Margate, Washington Post, Continental Resources, Trump White House, CNBC, Trump, Republican, Trump that's, Inc, Commission, Continental, Federal, North Dakota's Minerals Department, Drilling, LLP, University of Houston, Getty, University of Texas, Exxon Mobil, University of Chicago, University of Houston Law Center, Trump White, North, Canter . North, Burgum Locations: Laconia, NH, Hamm, North Dakota, Williams County, Burgum, Fla, Florida, Dakota, North, Brooklyn, Cass County, Fort Stockton , Texas, Washington, Canter ., Canter . North Dakota, Laconia , New Hampshire, Continental Resources . North Dakota, Pittsburgh , Pennsylvania, U.S

☆ New York tech workers make $135,000 on average, but can't afford the vast majority of apartments on the market
▼ + stars: | 2024-05-21 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.

Persons: StreetEasy, Julie Samuels, Samuels, —, Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York

☆ What Comcast's new Netflix, Peacock, Apple TV+ streaming bundle tells you about the industry's economics
▼ + stars: | 2024-05-21 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

If you subscribe to Netflix's cheapest plan, and also get Peacock's cheapest plan, and also get Apple TV+, it will cost you $23 a month. So Peacock and Apple would benefit more from being in a bundle with Netflix, so they are more likely to discount their rates to make the bundle work. Digital distributors like Apple have made it very easy for subscribers to turn their streaming subscriptions on and off. Netflix, Comcast, and Apple all declined to comment about bundle economics. AdvertisementSo maybe all streaming subscriptions aren't equal.

Persons: it's, Ted Sarandos, I've Organizations: Service, Apple, Comcast, Business, Netflix, Verizon, Disney

☆ WBD's streaming chief JB Perrette reveals the plan to get Max growing
▼ + stars: | 2024-05-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Discovery's Max was supposed to become a Netflix killer when it rolled out a year ago. It combined HBO Max's prestige originals with Discovery+'s reality TV fare to capture viewers as they migrate away from WBD's bedrock traditional TV business. Related storiesGiven its low penetration, it's possible that Max can add tens of millions of subscribers, he said. WBD execs hope the crackdown will encourage people to subscribe to the three-in-one bundle of Max, Disney+, and its sister app, Hulu. While the overlap between Netflix and Disney+ is high, about half of Disney+ subscribers don't subscribe to Max, and vice versa, so each has a chance to significantly increase its audience.

Persons: —, Discovery's Max, WBD, Max, hasn't, JB Perrette, Perrette, We're Organizations: Service, Warner, Netflix, HBO, Disney, Hulu, Business, Nielsen, Vodafone, Amazon, Paris Olympics, Cartoon Network Locations: WBD, Orange

☆ The unusual hobbies of Tim Cook, Mark Zuckerberg, Jeff Bezos and more
▼ + stars: | 2024-05-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The leaders of tech's biggest companies have some interesting hobbies. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen they aren't running multi-billion-dollar companies, tech executives find time to pick up some varied hobbies. This story is available exclusively to Business Insider subscribers.

Persons: Bill Gates, —, Larry Ellison Organizations: Service, Business

☆ 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

☆ Britain expands AI safety institute to San Francisco amid scrutiny over regulatory shortcomings
▼ + stars: | 2024-05-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The government on Monday announced it would open a U.S. counterpart to its AI safety summit, a state-backed body focused on testing advanced AI systems to ensure they're safe, in San Francisco this summer. The U.S. iteration of the AI Safety Institute will aim to recruit a team of technical staff headed up by a research director. In a statement, U.K. Technology Minister Michelle Donelan said the AI Safety Summit's U.S. rollout "represents British leadership in AI in action." The AI Safety Institute was established in November 2023 during the AI Safety Summit, a global event held in England's Bletchley Park, the home of World War II code breakers, that sought to boost cross-border cooperation on AI safety. The government said that, since the AI Safety Institute was established in November, it's made progress in evaluating frontier AI models from some of the industry's leading players.

Persons: Ian Hogarth, Michelle Donelan, it's, Anthropic Organizations: LONDON, Monday, AI, Technology, Safety, U.S, Microsoft, AI Safety, Institute, Seoul, European Union Locations: San Francisco, California, United States, U.S, London, British, Bay, OpenAI, England's Bletchley, South Korea, Bletchley Park, Seoul, Britain, European

☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ Jobseekers and Recruiters Are Both Using AI in Hiring. It's Chaos.
▼ + stars: | 2024-05-16 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +11 min

They can now add AI recruiting systems to that pile. It turns hiring into a depersonalized process, it inundates hiring managers, and it reinforces weaknesses in the system it's designed to improve. AI is supposed to fix this mess, saving companies time and money by outsourcing even more of the hiring process to machine-learning algorithms. Platforms like LinkedIn and ZipRecruiter have started using generative AI to offer candidates personalized job recommendations and let recruiters generate listings in seconds. Several seasoned recruiters told me they hadn't incorporated AI into their workflow beyond auto-generating job descriptions and summarizing candidate calls.

Persons: Josh Holbrook, Holbrook, I've, Rik Mistry, Ian Siegel, —, ZipRecruiter, weren't, it's, Tatiana Becker, Becker, Pallavi Sinha, Sinha, Kerry McInerney, Danielle Caldwell, chatbot, Caldwell, Mclnerney, Peter Laughter, who's, Bonnie Dilber, Dilber, Aki Ito, Sandra Wachter, Wachter, David Francis Organizations: Business, Society for Human Resource Management, LinkedIn, Unilever, Google, BI, Microsoft, University of Cambridge, University of Sussex, Berkeley Haas Center for Equity, Gender, Leadership, Black, University of Oxford, IBM, Talent Tech Labs Locations: Alaska, HireVue, Humanly, Portland , Oregon, Zapier

☆ Wall Street internship guidebook: How to nail a summer analyst program — from the dress code to leaving with a full-time offer
▼ + stars: | 2024-05-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +2 min

Snagging a summer internship at a leading investment bank is not just a fun summer job — it's often the starting point for a career on Wall Street. Wall Street internships are not easy to land, as BI has previously reported. Goldman Sachs, for example, accepted just 1.5% of candidates into its 2022 summer internship class out of more than 236,000 applications worldwide. Interns who perform well tend to be offered a full-time job as an entry-level investment banker upon graduation. We have advice from executives at top firms like Goldman Sachs as well as former interns on how to prepare for and make the most of the Wall Street summer internship.

Persons: — it's, Steve Sibley, Ivy League university's, Goldman Sachs Organizations: Service, Indiana University's Kelley School of Business, Ivy League Locations: Snagging

☆ Here's how big-name quants like Renaissance Technologies and D.E. Shaw performed in April despite choppy markets
▼ + stars: | 2024-05-15 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Funds like Renaissance Technologies, Two Sigma, and D.E. RenTech founder Jim Simons died last week; the billionaire stepped down as chairman in 2021. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe last full month of returns Renaissance Technologies delivered during its founder's life were strong. The quant giant's two largest funds for outside investors, Renaissance Institutional Equities Fund and Renaissance Institutional Diversified Alpha, did well in April, before the firm lost its founder, 86-year-old billionaire Jim Simons, on Friday.

Persons: Shaw, Jim Simons, —, Simons — Organizations: Renaissance Technologies, Sigma, Service, Renaissance Institutional, Fund, Alpha, Business

☆ 24. Carbon Robotics
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +4 min

In a sign of how the ties between the deepest players in the field of artificial intelligence and other sectors of the economy are growing, Nvidia just announced a venture investment in Carbon Robotics in May. Carbon Robotics is a pioneer in AI-powered agricultural robotics designed to help farmers cut costs, boost production and improve crop yield. In 2023, Carbon Robotics opened two new facilities: Carbon Robotics North and its Richland, Washington-based laser refurbishing and manufacturing facility, allowing the company to increase production rates — it says demand tripled year over year in 2023. Carbon Robotics has also added seven European languages to the LaserWeeder's iPad operator app. To continue its growth, Carbon Robotics raised $43 million in new capital in 2023, just over half of the $80 million it has raised since its founding.

Persons: it's, Paul Mikesell Organizations: Monsanto, Syngenta, BASF, Nvidia, Carbon Robotics, NBC, Deere, Robotics, AndNowUKnow, Stout Industrial Technology, Bear Flag Robotics, Technology Locations: Richland , Washington, Europe, Australia

But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.

Persons: —, SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank

☆ Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected
▼ + stars: | 2024-05-13 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Open to allIt's unclear why the NRF rejected Shein's membership application, but according to one of the people familiar, someone with sway is strongly against the company's admittance. The NRF's board has a leadership team and an executive committee. An NRF membership application form that can be found online states: "Companies principally engaged in retailing are eligible for membership in the Federation." Two of the board members said they weren't aware of any instances where the NRF denied a retailer membership. "I don't think they are in the business of turning anyone down," one of the board members told CNBC.

Persons: Scott Olson, Matthew Shay, Courtney Reagan, CNBC Steve Dennis, Neiman, Sears, Dennis, Shein, John Furner, Bob Eddy, Mike George, Brian Cornell, Tony Spring, wasn't, Wang Ying, Ashley Sanchez, Joscelin Flores, Allen J, They've, Temu, it's Organizations: Getty, National Retail Federation, CNBC, Neiman Marcus, New York Stock Exchange, Shay, Walmart U.S, BJ's Wholesale, Qurate, QVC, Federation, Brands, Publicis Groupe, Coresight, Xinhua News Agency, Forum, World Retail, Los Angeles Times, Chinese Communist Party Locations: Whitestown , Indiana, New York City, America, U.S, New York, United States, Hamburg, Germany, Los Angeles, Paris, Davos, Switzerland, Las Vegas, Shoptalk, Fontana, Ontario Mills, Ontario

☆ MDMA therapy could be legalized by summer. Why are so many advocates sounding the alarm?
▼ + stars: | 2024-05-13 | by ( Anna Silman | ) www.businessinsider.com time to read: +52 min

Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.

Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, —, Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper

☆ There's a simple solution to make wine more sustainable: sheep
▼ + stars: | 2024-05-12 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Now, Whitehall Lane Winery has eight vineyards, including six in Napa Valley and two in Sonoma Valley. "The whole country is dotted with cows and sheep," Moulton said, referring to the 9.6 million cattle and 26 million sheep that live there. Whitehall Lane Winery. Whitehall Lane Winery. Whitehall Lane Winery.

Persons: Jason Moulton, Moulton, They'll Organizations: Service, Sonoma Valley ., American Sheep Industry, Lincoln University Viticulture Locations: Whitehall Lane, Oakville, United States, Napa Valley, Helena, Sonoma Valley, New Zealand, Lincoln, Auckland, Hawke's, It's, Whitehall Lane Winery, Whitehall, Nevada, Moulton

☆ Tesla, Google, and Microsoft won't stop laying people off. Here's why that could backfire.
▼ + stars: | 2024-05-12 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The recent quip on Blind came from a worker at a large tech company commenting on word of more job cuts at Google. There's little doubt that for some tech workers, this gallows humor feels spot-on after waves of layoffs at some of the industry's biggest names — including Google, Microsoft, and Tesla. Elon Musk told staff last month that Tesla will lay off 10% of its workers. Advertisement"They think that their brand is bulletproof," Cascio said, referring to big-name tech companies.

Persons: —, Elon Musk, Tesla, Sundar Pichai, Pichai, Sandra Sucher, Harvard Business School who's, Wayne Cascio, who's, Cascio, Rich Otto, he'd, Harvard's Sucher, Zers, Caroline Ogawa, Ogawa, That's, Gartner's Ogawa Organizations: Service, Google, Microsoft, Tesla, Business, Bloomberg, Harvard Business School, University of Colorado, LinkedIn, Gartner, Social Locations: University of Colorado Denver, Silicon

☆ Trump asked top oil execs for $1 billion campaign cash in exchange for environmental policy rollbacks, report says
▼ + stars: | 2024-05-12 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The transactional campaign promise indicates what a second Trump presidency would mean for the White House's environmental agenda. Pornsak Na Nakorn/EyeEm/GettyWhile Biden has positioned the climate crisis as an existential threat and championed aggressive environmental regulations, Trump has dismissed it as a hoax and systematically dismantled environmental protections during his tenure. Related storiesSince taking office in 2021, Biden has swiftly reversed many of Trump's environmental actions, including blocking future oil drilling in the Alaskan Arctic. However, despite oil industry grievances over Biden's policies, the US has experienced record oil production, leading to substantial profits for major energy companies like ExxonMobil and Chevron, said The Post. As the campaign trail heats up, Trump's message to the oil industry remains clear: support him, and he'll deliver on their demands.

Persons: —, Donald Trump, Joe, Trump, Getty, Biden, BI's Benji Jones, he'll Organizations: Service, Lago Club, The Washington Post, Business, Democratic, Post, Keystone XL, ExxonMobil, Chevron, Trump, Fox News, Iowa Locations: Gulf of Mexico

☆ Macklemore calls out President Joe Biden with viral pro-Palestine protest song called 'Hind's Hall'
▼ + stars: | 2024-05-11 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Rapper Macklemore has released a pro-Palestine protest song called "Hind's Hall." Elsewhere in the song, Macklemore takes aim at Biden and the feud between Drake and Kendrick Lamar. AdvertisementMacklemore has called for a cease-fire in Gaza and condemned continuing US aid to Israel in his new song, "Hind's Hall." The song has gone viral on social media with 37 million views on X, 1.7 million views on YouTube, and 2.9 million likes on Instagram. AdvertisementIn the opening bars of his new song, Macklemore praises college students across the US who are protesting Israel's war in Gaza.

Persons: Macklemore, Drake, Kendrick Lamar, —, Hind Rajab, Joe Biden, Biden, freedom's, Gina Wetzler, Annie Lennox Organizations: Palestine, Columbia University, Biden, Service, Hamilton Hall, Protesters, YouTube, United Nations Relief, Works Agency for Palestine Refugees Locations: Gaza, Israel, Palestine, Hamilton Hall, Columbia, Seattle, Dua Lipa, East

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