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"Jeff is extremely focused, as you can imagine," Sánchez told Longoria of her and Bezos' "philosophy" for philanthropy. Lauren Sánchez and Jeff Bezos work on the Bezos Earth Fund togetherMuch of Longoria and Sánchez's conversation focused on her and Bezos' work on the Bezos Earth Fund. Sánchez serves as the vice chair of the Bezos Earth Fund, helping Bezos and the organization's staff determine where to invest. "Jeff always says, 'We have to invent our way out of this,'" Sánchez told Longoria. "The meat that they're making now tastes so good," Sánchez told Longoria.
Persons: , Lauren Sánchez, Jeff Bezos, Sánchez, Eva Longoria, Longoria, Robin L Marshall, MacKenzie Scott, Jeff, Bezos, Forbes, Lauren Sanchez, fiancé Jeff Bezos, Cindy Ord, MG24, I've Organizations: Service, Hollywood, Business, Elle Women, Fund Locations: Mexico
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew biofuel plant will be able to satisfy the demand for sustainable aviation fuel in Spain for the rest of this decade, Cepsa CEO saysCepsa CEO Maarten Wetselaar talks about new biofuel plant in Spain and biofuel's potential to decarbonize the transport industry
Persons: Maarten Wetselaar Locations: Spain
"A solid iPhone replacement cycle and spec upgrade should help HH's better sales/earnings in 2025-26," the investment bank's analysts wrote. The bank expects the China-based design and manufacturing giant to see strong margins as demand for its casings increases in tandem with better iPhone shipment cycles between 2025 and 2026. "We lift Foxconn Industrial Internet (FII)'s 2024-26E earnings by 2-6% on potentially better iPhone casing sales and strong AI server contribution," the analysts wrote. "We expect BYDE's casing profitability to gradually improve on better operation efficiency (higher automation rate, improving yield)," the analysts wrote. They have lifted the company's 2025-2026 earnings expectations by 2% to "reflect potentially better iPhone volume, robust auto expansion as well as rising AI-related contribution (server, robot)."
Persons: Ming, Chi Kuo, Ross Young, Hai, BofA, Foxconn, — CNBC's Michael Bloom Organizations: Tech, Apple, Bank of America, Hai Precision Industry, Taiwan Stock Exchange, American Depository, New, Industrial, Taiwan Stock Exchanges, U.S . Its, Shenzhen Stock Exchange, China 5G, Semiconductor, Hong Kong Exchange, Hong Locations: U.S, New Taiwan, China, Shanghai, Taiwan, U.S . Its Shanghai, Hong Kong
New York CNN —Starbucks is hoping to attract customers with a little gift: a free reusable straw. The giveaway is part of Starbucks’ broader efforts to become more sustainable and hopefully generate sales. Starbucks said that the reusable straws are “compatible with the Starbucks cold cup lid and most reusable Starbucks cold cups.” Its locations phased out plastic, disposable straws in 2020 and offer biodegradable straws with “sippy cup” lids in their place. Starbucks doesn’t often offer giveaways, other than its yearly handout of free plastic red cups during the holiday season. The chain also is rolling out new cold cups that use up to 20% less plastic compared to the current version.
Persons: Uber, Laxman Narasimhan Organizations: New, New York CNN, Starbucks, Sustainability Locations: New York, Canada
Nike's "performance" segment, meanwhile, includes many of its core sports products, such as basketball shoes. AdvertisementWhile revenue from performance products grew in Q4, declines in its lifestyle business overshadowed them, contributing to the worse-than-expected results. In its last fiscal year, lifestyle products have grown to about 60% of Nike's business, UBS analyst Jay Sole estimates. "One of our big takeaways from Nike's 4Q report is its lifestyle business needs a major reset," Sole said. That could help drive performance sales — especially those through Nike's digital business, a major pain point at the moment for the company.
Persons: , Tom Peddie, Peddie, hasn't, Matthew Friend, Friend, John Donahue, Phil Knight, Donahue, Jay Sole, Jefferies, Randal Konik, Simeon Siegel, we're Organizations: Service, Business, Nike, Bloomberg, Reuters, UBS, Nike's, Street, BMO Locations: China, Portland, Nike's
Silkworm satay? Singapore approves insects as food
  + stars: | 2024-07-09 | by ( Heather Chen | ) edition.cnn.com   time to read: +2 min
Singapore’s state food agency (SFA) has approved 16 species of edible insects for sale and consumption in the country, according to a July 8 public circular addressed to food traders. Insects approved by the SFA include locusts, grasshoppers, mealworms and several species of beetle. “Insects are an overlooked source of protein and a way to battle climate change,” according to a 2022 report by the World Economic Forum. Live insects are commonly sold in Singapore as food for pets like songbirds and reptiles, but they could be a new and exciting option for human diners. “As the insect industry is nascent and insects are a new food item here, SFA has developed an insect regulatory framework which puts in place guidelines for insects to be approved as food,” SFA said.
Persons: nasi lemak, , Grasshopper tacos Organizations: CNN, SFA, ” SFA, World Economic, Grasshopper Locations: Singapore, Mexico, Thailand, Cambodia
Researchers in South Korea say they’ve developed a new way to make lab-grown meat taste like the real deal. It may look like a transparent, bubble gum pink-colored disc, but scientists hope it could revolutionize the meat on people’s plates. Because the cultured meat is not yet edible, the researchers used an electronic nose, to test the aromas of the cultured meat, and see how they compare to conventional meat. Ron DeSantis banned the sale of lab-grown meat in the state in what he said was an effort to protect farmers and ranchers. In May, Huber’s Butchery in Singapore became the first retail store to sell cultured meat, a shredded chicken by Good Meat made with just 3% cultivated meat.
Persons: they’ve, Milae Lee, Lee, Maillard, ” Lee, , Jennifer Jacquet, Ron DeSantis, ” DeSantis, Huber’s Organizations: CNN, Hong, Yonsei University, Nature Communications, Department of Chemical, Biomolecular, Seoul’s Yonsei University, Yonsei University Livestock, UN, University of Miami, Florida Gov, US Department of Agriculture Locations: South Korea, Florida, , Singapore
Oppenheimer raised its year-end S&P 500 target to 5,900, the second-highest target on Wall Street. The shift makes the firm the second-most bullish on Wall Street. "Just like before, it's a matter of the fundamentals, where they stand right now," John Stoltzfus, Oppenheimer's chief investment strategist, told CNBC. A handful of tech stocks have been doing the heavy lifting for the benchmark index, giving investors pause about how sustainable the current rally is. Correction: July 9, 2024 — An earlier version of this story misstated the date from which Oppenheimer's target indicates 6% upside.
Persons: Oppenheimer, John Stoltzfus, , Stoltzfus, It's, Goldman Sachs, Marko Kolanovic — Organizations: Service, CNBC, Security, Federal Reserve, UBS, JPMorgan . Locations: Monday's
Headed into Tuesday’s semifinal against Canada, Messi had gone four games without finding the back of the net, including a failed Panenka in a penalty kick shootout against Ecuador in the quarterfinal. The Athletic was at the match to dissect the key plays…How did Messi score his first goal of Copa America 2024? Argentina’s second goal started with a Messi burst into the Canada penalty area. Messi is now onto 109 goals by scoring his first goal of this summer’s Copa America to double the Argentine lead against Canada. Messi, 37, is 21 goals behind the record holder, his great rival, the Portuguese Cristiano Ronaldo who has 130 goals.
Persons: Paul Tenorio, Felipe Cardenas, Joshua Kloke, Adam Crafton Lionel Messi, Messi, Enzo Fernandez, Maxime Crépeau, Julian Alvarez, Lautaro Martinez, Canada’s Stephen Eustáquio, Rodrigo De Paul, Koné, Messi opportunistically, Li, sy, c. J, Jo Organizations: Canada, Ecuador, Copa America, MetLife, Canadian, Copa, Australia, Qatar, MESSI, AMERICA, eads Locations: Argentina, New Jersey, Canada
China EV maker BYD to build $1 billion plant in Turkey
  + stars: | 2024-07-09 | by ( Laura He | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —China’s BYD, which vies with Tesla for the title of the world’s top maker of battery electric vehicles, has agreed to build a $1 billion car factory in Turkey, the Turkish government has announced. “We aim to meet the growing demand for new-energy vehicles in the region and reach consumers in Europe,” the statement cited BYD representatives as saying. The EU’s decision earlier this year imposed an extra 17.4% tariff on the vehicles BYD ships from China to the bloc, which also has a standard 10% duty on all car imports. Talks between the EU and China are expected to continue but, if no agreement is reached, the additional tariffs will become definitive in November. BYD already announced in December that it would build an EV factory in EU member Hungary, becoming the first major Chinese automaker to build passenger cars in Europe.
Persons: China’s, Tesla, Wang Chuanfu, Mehmet Fatih Kaci, Recep Tayyip Erdogan, BYD, hasn’t Organizations: Hong Kong CNN, Turkey’s Industry, Technology, European Union, EU, CNN Locations: Hong Kong, Turkey, Istanbul, Europe, China, Hungary
A looming ban on vacation rentals in Barcelona. At a time when overwhelmed European destinations are slapping tourists with restrictions and fees, Copenhagen is trying a different approach: rewarding visitors who act responsibly. Beginning July 15, tourists who demonstrate climate-friendly travel behavior by participating in the city’s green initiatives — including cycling, train travel and clean-up efforts — will be granted access to museum tours, kayak rentals, free meals and more. “We must turn tourism from being an environmental burden into a force for positive change,” said Mikkel Aarø-Hansen, the chief executive of Wonderful Copenhagen, the tourism organization for the Capital Region of Denmark. Copenhagen’s new initiative, CopenPay, aims to bridge the gap between the desire to act sustainably and actual behavior by making climate-friendly action a currency for cultural experiences.
Persons: , , Mikkel Aarø, Hansen, Kanter Organizations: Wonderful, Capital Locations: Venice, Barcelona, Majorca, Copenhagen, Wonderful Copenhagen, Denmark, London
Scientists have uncovered a new source of hazardous "forever chemical" pollution: the rechargeable lithium-ion batteries found in most electric vehicles. Some lithium-ion battery technologies use a class of PFAS chemicals, or per-and polyfluoroalkyl substances, that helps make batteries less flammable and conduct electricity. Scientists tested more than a dozen lithium-ion batteries used in EVs and consumer electronics like laptops, and found bis-FASIs at various concentrations. They can also leach into the environment from landfills, where the majority of lithium-ion batteries end up. AdvertisementThe study said only about 5% of lithium-ion batteries are recycled, and by 2040, there could be some 8 million tons of lithium-ion battery waste.
Persons: They've, Jennifer Guelfo, PFAS, Lee Ferguson, Guelfo, PFOA, hasn't, Corteva Organizations: Service, Nature Communications, Business, Texas Tech University, Duke University, Environmental Protection Agency, Solvay, Chemours, DuPont Locations: US, Belgium, France, Minnesota , Kentucky, Antwerp, Salindres
A prototype of an electric NASCAR race car sits on the lawn during the NASCAR Xfinity Series The Loop 110 at the Chicago Street Course on July 6, 2024. NASCAR on Saturday unveiled a prototype electric race car as part of a new initiative that aims to reduce the organization's emissions and electrify aspects of the sport. The vehicle's debut, in partnership with the electrification and automation company ABB, came one day before NASCAR's Chicago Street Race. The "ABB NASCAR EV Prototype," developed in collaboration with Chevrolet , Ford and Toyota , is an electrified stock car that can produce 1,000 kW (or 1341 horsepower) at peak power. Like most existing hybrid or full-electric vehicles, the race car has a regenerative braking system that converts kinetic energy from braking into electrical power.
Persons: NASCAR's, Chris Shigas, Shigas, Eric Nyquist Organizations: NASCAR, ABB, EV, Chevrolet, Ford, Toyota, NBC Locations: United States, U.S, California
But one of the most stunning backdrops for the quadrennial competition won’t be in Paris – or France for that matter. The selection of Tahiti fulfills one of the pledges from Paris organizers, who promised to spread the Olympics throughout French territory. Tahiti became a French colony in 1880 and is now classified as an autonomous overseas country of the French Republic. Located roughly 9,700 miles and a 21-hour flight away from Paris, Teahupo’o will make for one of the far-flung host cities for an Olympic event in history. “Over the years corals (have) even covered the previous concrete tower base structure.”He added: “The new tower was never only for the Olympic Games.
Persons: Pont Alexandre III, Teahupo’o, , Tony Estanguet, ” Teahupo’o, , Alexandra Dempsey, Khaled bin, “ You’re, that’s, , Tim McKenna Organizations: CNN, Olympic, Games, Olympic Games, Oceans Foundation, International Surfing Association, Surfer Magazine Locations: Versailles, Paris –, France, Tahiti, Paris, French, French Republic, Polynesia, Teahupo’o
Hotels are reducing how much food they waste at their breakfast buffets by installing AI-powered cameras above their kitchen trash cans. Of this, nearly 30% was wasted in the food service sector. Food loss in the supply chain and food waste generate almost five times the total greenhouse gas emissions from the aviation sector, per the UNEP. Reducing food waste can boost a company's eco credentials — and cut costs. Winnow's clients include hotels, cruise lines, universities, and food service companies that provide professional catering services.
Persons: they're, Marc Zornes, Winnow, Zornes, Hilton, Sebastian Nohse, Hilton EMEA's, didn't, Nohse, Paul Fairhead Organizations: Service, Business, Chefs, United Nations Environmental, UNEP, Guckenheimer, United Arab Emirates Locations: East
That's why city officials in Pomona, California — a city in LA county — are planning to offer guaranteed basic income to new parents. The basic income pilot — called Pomona Household Universal Grants Pilot Program — is run through the city and FORWARD, an organization that helps governments administer resources to their communities. Pomona's program mirrors over 100 basic income pilots across America. Basic income continues to face political and legal opposition across the US, and not all policymakers agree that cash payments are a sustainable approach to poverty. Have you benefited from a guaranteed basic income program?
Persons: , Joe Biden's, Tim Sandoval, Sandoval, Louis, Luke Shaefer, Shaefer Organizations: Service, Business, Pomona Household, SNAP, University of California, Mayor, Child Tax, Infants, University of Michigan Locations: Pomona , California, LA, Pomona, America, Los Angeles, Baltimore, St, Marin County , California, Flint
He needs to execute better," Jim Cramer stressed, referring to Starbucks CEO Laxman Narasimhan, during the Investing Club's June Monthly Meeting . Then in mid-June, Starbucks launched its limited-time "Pairings Menu," which includes a $5 coffee-and-croissant combo and a $6 coffee-and-breakfast-sandwich deal. Order up Jefferies' Barish also raised questions about Starbucks' menu innovations, arguing its updated drink options are not driving sales as much as hoped. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: it's, Jim Cramer, Laxman Narasimhan, Jim, Rachel Ruggeri, Burger King, Jefferies, Andy Barish, Barish, TD Cowen, Cowen, Edward Lewis, Lewis, they're, Narasimhan, Ruggeri, Berry, Long, We've, Jim Cramer's, Spencer Platt Organizations: Starbucks, Taco Bell, Street, CNBC, Getty Locations: North America, Israel, Gaza, China, Burger, Manhattan, New York City
Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays. Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June. The broad mainland China stock market, measured in Class A shares, has underperformed over the past two years, said Wanda Wang, a research manager at Morningstar.
Persons: BofA, Nomura, Wanda Wang, That's, Invesco's, — CNBC's Michael Bloom Organizations: Nvidia, CSI, Apple, Foxconn, Bank of America Securities, Industrial, FII, Avary Holding, Avary, Chartered Bank, HSBC, JPMorgan, Nomura, Nasdaq, U.S, Morningstar, Capital, Shenzhen Stock Exchange Locations: China, Shanghai, Shenzhen, Avary Holding Shenzhen, Hong Kong
What a hung parliament in France could mean for markets
  + stars: | 2024-07-07 | by ( Matt Clinch | ) www.cnbc.com   time to read: +4 min
Emmanuel Dunand | Afp | Getty ImagesInitial indications on Sunday evening for the French parliamentary run-off vote threw up some big surprises, leaving political commentators contemplating a "hung parliament" scenario that could prove challenging for both policymaking and financial markets. With none of the groups expected to hit the 289 seats needed for an absolute majority, gridlock could ensue over the coming weeks. The euro slipped about 0.3% against the U.S. dollar in thin trading on Sunday evening after the exit polls were released. "Regardless, uncertainty about the outlook for French policymaking is likely to be long-lasting," the analysts said. France is facing a challenging fiscal position, and the European Commission announced two weeks ago that it intended to place France under an Excessive Deficit Procedure due to its failure to keep its budget deficit within 3 percent of gross domestic product.
Persons: Emmanuel Dunand, France's, Emmanuel Macron's, policymaking, Jack Allen, Reynolds, Macron, David Roche Organizations: la Republique, Afp, Getty, Popular Front, Rassemblement National, U.S, Citi, Daiwa, European Commission, Capital Economics, Independent, National Rally Locations: France, la, Paris, Italy, Germany
But, if NASCAR is known for anything, it’s the loud V8 internal combustion engines that power the race car. That’s why NASCAR wants to make it very clear that gasoline-burning race cars are in no immediate danger of extinction. ABB is also heavily involved in Formula E, the electric racing series affiliated with Formula 1. With many changes over the years, modern NASCAR race cars bear little resemblance to the Toyotas and Chevrolets that typical Americans own. This time, designers wanted to maintain that resemblance between the race car and the vehicles fans drive, which are, increasingly, SUVs.
Persons: , Riley Nelson, NASCAR’s, John Probst, Michael Plaster, Nelson, we’re, Probst, Organizations: CNN, NASCAR, ABB, Formula E, Formula, National Association for Stock, Auto, Cox Automotive
The Esports World Cup (EWC) – which began on July 3 – has brought together professional gamers, publishers and fans from across the world for an eight-week competitive gaming bonanza. To bring this on the similar scale as the largest traditional sports events and something that brings together the whole industry,” Reichert said. Discovery – CNN’s parent company – and the Esports World Cup Foundation agreed to a new partnership which includes Eurosport, CNN and other WBD platforms. “From my experience, there are a lot of people in [Saudi Arabia] that love their games, right to the top. “It’s probably unprecedented how quickly Saudi Arabia is moving ahead in its progression.
Persons: , Ralf Reichert, ” Reichert, , Gen.G, Mohammed Saad, Reichert, , Sam Mathews, It’s, it’s, Prince Mohammed bin Salman, sportswashing, SGG, Rod Breslau, “ It’s, ” Dana Ahmed, Manahel, Otaibi, Nick McGeehan, FairSquare, Mohamed bin Salman, Liquid’s, Steve Arhancet, Mathews Organizations: CNN, CNN Sport, Riot, New York Times, Adidas, Warner Bros, Eurosport, Anadolu, Getty, EWC, EWC Foundation, Saudi, MBS, Fox News, Investment Fund, Gaming, Amnesty, Fnatic, Locations: Saudi, Saudi Arabia, esports, “ Saudi Arabia, Breslau
This is where gender-affirming vocal coaches come in. “At the same time, I was taking a voice disorders class, and there was just a single bullet point on there about gender-affirming voice work,” they told CNN. “But that was enough for me to look out on my own and seek further education.”There are different approaches to gender-affirming vocal work. “Transgender vocal training, as it’s sometimes called, sprung up from a marriage of speech pathologists, singing teachers, theater specialists and their techniques. Freya, who is a lesbian, says gender-affirming work is a skill she can offer to her wider LGBTQ community.
Persons: Kevin Dorman, Dorman, , , it’s, ” Dorman, Kim Chandler, Alexis Vandom, ” Vandom, Vandom, ” Bryce Chambers, Chambers, Anna Freya, Freya, It’s, ” Freya, “ There’s, There’s, , Organizations: CNN, Alabama Statehouse Locations: Greensboro , North Carolina, Alabama, Seattle
The Tokyo Olympics in 2021 were the hottest in history. But the Paris Games could soon edge them out for the title. A June report highlighted the potential health risks for athletes competing in extreme heat at this year’s Games. Training for the Olympics is now as much about athletes’ ability to handle the heat as it is about strength and speed. “The best way a person can prepare is acclimatization,” said Dr. Carolyn Broderick, the medical director of the Australian Olympic team at the Paris Olympics.
Persons: , , Carolyn Broderick Organizations: Tokyo, Paris Games, British Association for Sustainable Sport, Australian Olympic, Paris Locations: Paris
Read previewMirna Valerio is well aware that she doesn't look like a stereotypical runner. That hasn't stopped the founder of the "Fat Girl Running" blog from running 11 marathons and 16 ultramarathons. Valerio, 48, started running in high school as part of field hockey training. Valerio running a six-day ultramarathon with lululemon's "Further" campaign. Sven BrunsoForget what you think running should look likeValerio said it doesn't matter what you look like, "athletics is for everyone."
Persons: , hasn't, Valerio, Sven Brunso, she'd, Valeria Organizations: Service, Business, Nielsen, World Athletics Locations: Tiktok
“I was like, ‘Okay, let’s see what the guys look like in Vienna,’” Carter recalls. “If I’m going to meet up with this guy, I should FaceTime him to make sure he’s real,” she thought. “I was thinking, ‘This is either going to go really good or really bad,’” Carter recalls. “It went from zero to 100, really, really quick, in terms of comfort. And either I’m going to have to move here, or he’s going to have to move to America.
Persons: CNN — Carter Leathers, Italy –, Carter, Max Ratzenböck, ” Carter, Max, she’d, , , ‘ I’m, ’ ”, whiling, , ’ ” Carter, I’d, it’s, I’m, Bumble, Max swiped, Max couldn’t, ” Max, Carter Ratzenböck Carter, Florence –, he’d, “ I’m, We’d, you’re, Carter’s, , Pretty, Max's, Carter Ratzenböck, Florence’s, ” Here's Carter, marveling, He’s, they’d, ‘ We’re, They’d, Alex Katz, Austria who’d, “ It’s, “ I’ve, Max’s, ” Carter didn’t, Europe – she’d, Carter –, serendipitously, Max it’s, Max – Organizations: CNN, CNN Travel, Austrian, Opera House, Schönbrunn, Ferris, Viennese Opera, Vienna, Intelligence, , America Locations: Florence, Italy, Sacramento , California, Europe, California, Rome, Vienna, Austria, Austrian, Tuscany, Italian, Ponte Vecchio, osterias, , , America, Sacramento, San Francisco, Napa Valley, Monterey, Paris, accilimatize, Ponte
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