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☆ Warner’s Streaming and Ad Misses Outweigh Its Huge Hit
▼ + stars: | 2023-08-03 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/warners-streaming-and-ad-misses-outweigh-its-huge-hit-8442bc5e

Persons: Dow Jones

[1/2] The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. BlackRock has said all of its investments in China and around the world comply with U.S. law, and that it will continue engaging with the select committee on the issues it raised. Republicans formed the select committee when they took control of the House in January, part of an effort to raise awareness about issues behind growing tensions with China. A hard line toward China is one of the few policies with bipartisan support in the deeply divided U.S. Congress. The committee does not write legislation, but makes policy recommendations and can subpoena executives and officials.

Persons: Carlo Allegri, BlackRock, Mike Gallagher, Gallagher, MSCI, Raja Krishnamoorthi, They're, Krishnamoorthi, Michael Martina, Patricia Zengerle, Don Durfee Organizations: REUTERS, BlackRock, Reuters, Republican, PLA, People's Liberation Army, Republicans, Congress, FBI, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, MSCI, Dysart , Iowa, Washington, Iowa

☆ US risks 'funding our own destruction' if investor capital flows to Chinese defense firms, key lawmaker says
▼ + stars: | 2023-08-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Forthcoming restrictions should cover US participation in Chinese public markets, he said. "If American capital continues to flow to Chinese military companies, we are at risk of funding our own destruction." A "sizable portion" of that money goes directly to tech companies with ties to China's military and the Chinese Communist Party, he added. His comments follow earlier US efforts to curb Chinese access to critical technologies, such as semiconductors, quantum computing, and artificial intelligence. Meanwhile, foreign investors have been souring on China in recent months as the country's post-COVID economic rebound has disappointed.

Persons: Mike Gallagher, Biden, —, Gallagher, BlackRock Organizations: Service, Financial Times, White, Chinese Communist Party, Communist, Government, Wall Street, BlackRock Locations: China, Wall, Silicon, Wisconsin, MSCI

☆ AMD Keeps the AI Dream Alive Enough
▼ + stars: | 2023-08-02 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: amd

☆ Uber Got a Bit Too Revved Up
▼ + stars: | 2023-08-02 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Framber Valdez tosses no-hitter as Astros top Guardians
▼ + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com time to read: +4 min

August 2 - Framber Valdez tossed his first career no-hitter and faced the minimum 27 batters as the Houston Astros made a pair of third-inning runs stand in a 2-0 victory over the visiting Cleveland Guardians on Tuesday. Valdez threw five pitches in the seventh inning and 10 in the eighth, allowing him to enter the ninth with 81 on his ledger. When I got to the seventh inning, I thought to myself, 'OK, I think I can finish this game without any hits.' The last Astros pitcher to throw a solo no-hitter before Tuesday was Justin Verlander on Sept. 1, 2019, vs. the Blue Jays. The Astros provided Valdez the necessary run support in the bottom of the third, mustering two runs off Guardians rookie right-hander Gavin Williams with two outs.

Persons: Framber Valdez, Oscar Gonzalez, David Fry, Valdez, Gonzalez, Will Brennan, Fry, Brennan, Gabriel Arias, Myles Straw, Cam Gallagher, Jeremy Pena, Domingo German, Justin Verlander, Houston, Dusty Baker, Martin Maldonado, Gavin Williams, Williams, Maldonado, Gallagher, Jake Meyers, Jose Altuve, Pena, Kyle Tucker, Alex Bregman, Tucker, Jose Abreu, Chas McCormick, Cleveland, Corbin Burnes, Josh Hader Organizations: Houston Astros, Cleveland Guardians, New York Yankees, Domingo, Oakland A's, Detroit Tigers, Toronto Blue Jays, Astros, Philadelphia Phillies, Houston, Blue Jays, Milwaukee Brewers, Thomson

☆ Reinvigorated Astros search for sweep of Guardians
▼ + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com time to read: +4 min

August 2 - Roughly 24 hours after saying he found it "disheartening" to watch other American League contenders complete trades that bolstered their rosters, Houston Astros manager Dusty Baker experienced a change of heart on Tuesday. The Astros will aim for a three-game series sweep on Wednesday afternoon. Prior to Valdez's gem in the Astros' 2-0 victory over the Guardians, Houston reacquired right-hander Justin Verlander from the New York Mets in a deal that sent out a pair of outfield prospects. "When you're going to acquire someone like a Justin Verlander, you're going to have to give up something," Astros general manager Dana Brown said. He's done a good job throughout his entire career, so at the end of the day, you're going to have to give up some players to get good players."

Persons: Dusty Baker, Framber Valdez, Houston, Justin Verlander, Lance McCullers Jr, Luis Garcia, Jose Urquidy, Cy Young, Baker, Verlander, Drew Gilbert, Ryan Clifford, Gilbert, Clifford, Dana Brown, he's, Cristian Javier, Tanner Bibee, Aaron Civale, jettisoning, Josh Bell, we've, Cam Gallagher, Gallagher Organizations: American League, Houston Astros, Cleveland Guardians, Astros, Guardians, New York Mets, Houston, Detroit Tigers, Mets, MLB Pipeline, of Fame, New York Yankees, Chicago White Sox, Cleveland, Tampa Bay Rays, Miami Marlins, Thomson Locations: Houston

☆ The last time US debt was downgraded markets plummeted. Will it happen again?
▼ + stars: | 2023-08-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing this spring’s debt ceiling standoff as a major reason. In the midst of the very tense debt ceiling standoff of 2011, Standard and Poor’s downgraded US debt for the first time in history. “My sense is that the Fitch downgrade of the US credit rating is an insignificant development and will not move financial markets or the economy,” said Joseph Brusuelas, chief economist at RSM US. “The majority of our clients’ investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies,” BlackRock said in a statement to CNN. “With all investments in China and markets around the world, BlackRock complies with all applicable US government laws.

Persons: New York CNN — Fitch, Fitch, ”, Joseph Brusuelas, ” Fitch, Larry Summers, Janet Yellen, “, Dow, BlackRock, Larry Fink, Henry Fernandez, MSCI, Mike Gallagher of, Raja Krishnamoorthi, ” BlackRock, ” MSCI Organizations: CNN Business, Bell, New York CNN, AAA, AA, RSM, Federal Reserve, Fitch, Treasury, US, Twitter, Dow Jones, Nasdaq, Tech, Nvidia, Apple, Microsoft, Congressional, Chinese Communist Party of, BlackRock, CNN, People’s Liberation Army, PLA, Republican, “ Locations: New York, America, United States, States, Mike Gallagher of Wisconsin, Illinois, MSCI, China

☆ Eyeing China in the Pacific, US studies explosives to make missiles fly further
▼ + stars: | 2023-08-02 | by ( Mike Stone | ) www.reuters.com time to read: +5 min

China views the U.S. in the Pacific as a threat, ramping up its own military presence in response. "Unfortunately, the Pentagon has grown complacent using 1940s-era energetics and neglected advanced energetics like CL-20 that are necessary to increasing the range and lethality of our force. In the last decade, when explosive weapons were used in populated areas, 90% of those reported killed or injured globally were civilians." The House version does not name any weapons, but Bob Kavetsky with the Energetics Technology Center said candidates for the new chemicals include the Lockheed Martin-made (LMT.N) long range anti-ship missiles and extended range air-to-surface missiles. Other candidates include Harpoon anti-ship missile made by Boeing (BA.N) and Javelin anti-tank weapons made by Lockheed and RTX (RTX.N).

Persons: U.S . Navy Arleigh, Burke, Curtis Wilbur, Read, Mike Gallagher, Kathleen Hicks, Tom Karako, Karako, Iain Overton, Bob Kavetsky, Lockheed Martin, Mike Stone, Chris Sanders Organizations: U.S . Navy, Pacific Vanguard, U.S . Naval, Pentagon, Reuters, Democrat, Republican, Navy, Energetics Technology Center, Northrop Grumman Corp, CL, L3Harris Technologies, Department of Defense, Army, Air Force, energetics, Center for Strategic, International Studies, Lockheed, Boeing, Thomson Locations: Australia, Japan, Republic of Korea, U.S, Philippine, WASHINGTON, Pacific, China, California, United States, Washington

☆ Insurer AIG profit beats estimates on gains in life and retirement unit
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File PhotoAug 1 (Reuters) - American International Group (AIG.N) exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry. AIG, one of the world's biggest commercial insurers, said net premiums written in its general insurance arm for the quarter ended June grew 10% to $7.5 billion. AIG's life and retirement unit saw a 42% jump in premiums and deposits, partly helped by record sales in fixed index annuities. AIG's general insurance accident year combined ratio was 88%, compared with 88.5%, a year earlier. The metric excludes catastrophe losses and a ratio below 100 signifies that the insurer earns more from premiums than it pays out in claims.

Persons: Brendan McDermid, Mawar, Gallagher, Noor Zainab Hussain Organizations: AIG, REUTERS, American International, Companies, Thomson Locations: New, New York, Guam, United States, Bengaluru

☆ BlackRock and MSCI under investigation by House Committee for investments in China
▼ + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

“The majority of our clients’ investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies,” BlackRock said in a statement to CNN. “With all investments in China and markets around the world, BlackRock complies with all applicable US government laws. We will continue engaging with the Select Committee directly on the issues raised.”MSCI did not respond to requests for comment. Last October, the Biden administration unveiled a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license. The committee launched an official investigation last month into US venture-capital companies that help fund Chinese artificial intelligence and semiconductor efforts.

Persons: BlackRock, Larry Fink, Henry Fernandez, MSCI, ”, Mike Gallagher of, Raja Krishnamoorthi, ” BlackRock, ” MSCI, Biden, Gallagher Organizations: New, New York CNN, Chinese Communist Party of, BlackRock, CNN, People’s Liberation Army, PLA, Republican, “, Chinese Communist Party, Wall Street Locations: New York, Mike Gallagher of Wisconsin, Illinois, MSCI, United States, China, Beijing, Washington, Ukraine, BlackRock

☆ BlackRock, MSCI draw scrutiny from US House Committee on China
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File Photo License this content on Reuters ConnectAug 1 (Reuters) - A U.S. congressional committee on China said asset management giant BlackRock (BLK.N) and index provider MSCI (MSCI.N) were facilitating investments into blacklisted Chinese companies. The firms have facilitated American capital flow into the companies the U.S. government had found guilty of fueling China's military advancement or human rights abuses, the House of Representatives' Select Committee on the Chinese Communist Party (CCP) said on Monday. "With all investments in China and markets around the world, BlackRock complies with all applicable U.S. government laws. We will continue engaging with the Select Committee directly on the issues raised," BlackRock said. Republicans formed the Select Committee when they took control of the House in January, as part of an effort to convince Americans why they should care about competing with China.

Persons: Carlo Allegri, BlackRock, MSCI, Mike Gallagher, Niket Nishant, Jaiveer Singh Shekhawat, Michael Martina, Don Durfee, Krishna Chandra Eluri, Shinjini Ganguli, Jonathan Oatis Organizations: REUTERS, Reuters, U.S, Chinese Communist Party, CCP, BlackRock, Republicans, China, Congress, Republican, Wall Street, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, Taiwan, Ukraine

☆ Movie Industry Really Needs ‘Barbenheimer’ to Stretch Its Legs
▼ + stars: | 2023-07-31 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

[1/5] Kazuyuki Tanioka, the owner of Japanese cuisine Toya restaurant, prepares a sashimi dish, during an interview with Reuters, in Beijing, China July 25, 2023. China is the biggest importer of Japanese seafood. Shortly after the 2011 tsunami and earthquake damaged the Fukushima plant, it banned the import of food and agricultural products from five Japanese prefectures. The latest import restrictions were imposed this month after the United Nation's nuclear watchdog approved Japan's plans to discharge the treated water. "Our main focus is to source seafood within China or sourcing from other foreign suppliers," Tanioka said.

Persons: Tanioka, Tingshu Wang, It's, Toya, Kenji Kobayashi, Fukuoka, Duan, restaurateurs, Martin Quin Pollard, Chris Gallagher, Tom Bateman, Mariko Katsumura, Xiaoyu Yin, Justin Fung, Miral Organizations: Reuters, REUTERS, United, Aomori, Aomori Chuosuisan Co, Japan, Beijing, Thomson Locations: Toya, Beijing, China, Tingshu Wang BEIJING, Kumamoto, Japan, Aomori Chuosuisan, Hong Kong, Tokyo

☆ ServiceNow Goes for AI Bonus Round
▼ + stars: | 2023-07-29 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Intel Needs to Latch Onto the AI Boom
▼ + stars: | 2023-07-28 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

WSJ’s Asa Fitch breaks down how Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. Photo illustration: Annie ZhaoUnlike many of its megacap tech peers, Intel came into the current earnings season with the benefit of low expectations. But the storied chip maker still has some very high hurdles to hit over the longer term, including a need for not being left out of the artificial intelligence gold rush.

Persons: WSJ’s Asa Fitch, Annie Zhao Organizations: Nvidia, Intel

☆ US lawmakers urge Biden administration to tighten AI chip export rules
▼ + stars: | 2023-07-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

The October 2022 rules impose two performance caps on exporting AI chips to China - one on how fast the chips can talk to one another, and the second on the chips' processing speeds. After the rules took effect, Nvidia created special chips for China with lower interconnect speeds. Intel this month also said it has created an AI chip that can be sold in China. Nvidia at the time said that restricting sales of its AI chips to China "would result in a permanent loss of opportunities for the U.S. On Friday, Gallagher and Krishnamoorthi urged an even tighter approach than the one Reuters previously reported officials are considering.

Persons: Mike Gallagher, Biden, Raja Krishnamoorthi, Gina Raimondo, Gallagher, Krishnamoorthi, " Gallagher, Stephen Nellis, Chris Sanders, Leslie Adler Organizations: U.S, Rep, Chinese Communist Party, Capitol, FRANCISCO, Republican, Nvidia, Devices, Intel, Reuters, Qualcomm, Semiconductor Industry Association, Microsoft, Google, Thomson Locations: United States, Taiwan, Washington , U.S, China, U.S, Washington, San Francisco

☆ U.S. lawmakers urge Biden administration to tighten AI chip export rules
▼ + stars: | 2023-07-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

☆ Meta Takes Some Profitable Social Cues
▼ + stars: | 2023-07-27 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Senators aim to protect small businesses from foreign IP theft with new bill
▼ + stars: | 2023-07-27 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

If passed, the IDEA Act will reauthorize a state and local law enforcement intellectual property enforcement program at $25 million per year from 2024-29. They include China, Mexico, Guatemala and Colombia — areas where IP theft against U.S. small businesses is particularly rampant. Bipartisan lawmakers from both houses of Congress have often highlighted the urgent need for targeted solutions toward IP theft. Other IDEA Act initiatives include:An IP Protection Legal Aid program to counsel and protect small business owners. "Intellectual property crimes cost American businesses hundreds of billions of dollars each year, and small businesses often lack the resources to protect themselves against foreign bad actors," said Cornyn, R-Texas.

Persons: –, Mike Gallagher, Tammy Baldwin, John Cornyn Organizations: WASHINGTON, American IP Defense, IDEA, American Intellectual, U.S . Trade Representative, U.S, Republican, Rep, Chinese Communist Party, Justice Department, Government, Office, Joint, IDEA Act's, Texans Locations: Austin , Texas, Jackson , Mississippi, Chicago, China, Mexico, Guatemala, Colombia, Sens, America, Texas

☆ Google and Microsoft Paying Big to Play in AI
▼ + stars: | 2023-07-26 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: microsoft

☆ Rudy Giuliani concedes he made 'false' statements about Georgia election workers
▼ + stars: | 2023-07-26 | by ( Ryan J. Reilly | Summer Concepcion | ) www.cnbc.com time to read: +3 min

Rudy Giuliani, former lawyer to Donald Trump, speaks to members of the media as he leaves federal court in Washington, DC, US, on Friday, May 19, 2023. Rudy Giuliani conceded in a court filing Tuesday that he made "false" statements about two Georgia 2020 election workers who are suing him over baseless claims of fraud that he made against them. "Defendant Giuliani, for the purposes of litigation only, does not contest that, to the extent the statements were statements of fact and other wise actionable, such actionable factual statements were false," Giuliani wrote in a signed stipulation that he said was intended to "avoid unnecessary expenses in litigating what he believes to be unnecessary disputes." Giuliani had claimed that Freeman and Moss were "passing around USB ports like they were vials of heroin or cocaine." The filing by Giuliani comes after Georgia's State Election Board last month dismissed its yearslong investigation into alleged election fraud at the State Farm Arena in Atlanta, clearing Freeman and Moss of wrongdoing.

Persons: Rudy Giuliani, Donald Trump, Defendant Giuliani, Giuliani, Ruby Freeman, Moss, Freeman, Shaye, Michael J, Gottlieb, Gallagher, Shaye Moss, Trump, Ted Goodman, Goodman, Josh Cradduck Organizations: Trump, Willkie, Farr, New, NBC, Farm Arena, FBI, Georgia Bureau of Investigations Locations: Washington , DC, Georgia, litigating, New York, Atlanta, Freeman

☆ Manpri Summer: How Men’s Shorts Got So Long
▼ + stars: | 2023-07-25 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ ‘Barbenheimer’ Blowup Is a Flash in the Pan for Hollywood
▼ + stars: | 2023-07-24 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/barbenheimer-blow-up-is-a-flash-in-the-pan-for-hollywood-4641dbb9

Persons: Dow Jones Organizations: hollywood

☆ Alabama's redrawing of its congressional map defies US Supreme Court
▼ + stars: | 2023-07-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

CNN —It was a legitimate surprise when the conservative-dominated US Supreme Court ordered Alabama’s conservative-dominated state government last month to redraw its congressional map and include either a second majority-Black congressional district or something quite close to it. CNN’s Dianne Gallagher noted in her report that the old congressional map was invalidated by a three-judge federal district court panel that included two judges nominated to the bench by former President Donald Trump. “Outright defiance of the Supreme Court’s order,” is how Janai Nelson, president of the NAACP Legal Defense Fund, described the new map to CNN’s Dana Bash Monday. The Supreme Court’s unexpected decisionAlabama had asked the Supreme Court to essentially nullify Section 2 of the Voting Rights Act, something many court watchers thought the conservative majority was primed to execute. The Supreme Court also rejected out of hand the idea that the Gulf Coast area represents a community of interest on par with the Black Belt.

Persons: Milligan, Terri Sewell, Kay Ivey, “, ”, CNN’s Dianne Gallagher, Donald Trump, Alabamians, Gallagher, CNN’s Tierney Sneed, Allen, Janai Nelson, CNN’s Dana Bash, Joe Biden, Nelson, John Roberts, Brett Kavanaugh, Sewell Organizations: CNN, Supreme Court, Democratic, Alabama, Republican, NAACP Legal Defense Fund, Black, Civil Rights Movement, National Heritage Area, Democrat Locations: Alabama, Allen, New York, Gulf

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