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☆ AI won't replace human workers, but 'people that use it will replace people that don't,' AI expert Andrew Ng says
▼ + stars: | 2024-07-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

AI experts debate the tech's impact on jobs, with some seeing growth and others concerned. Andrew Ng, Google Brain founder, believes AI will transform but not replace jobs. Ng argues Big Tech inflates AI threats to stifle competition and push for legislation. AdvertisementAI experts tend to agree that rapid advances in the technology will impact jobs. Andrew Ng, the founder of Google Brain and a professor at Stanford University, is in the latter camp.

Persons: Andrew Ng, Ng, — Organizations: Google, Big Tech, Service, Stanford University, Business

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ Activist Trian has a few levers to pull to build shareholder value at Solventum
▼ + stars: | 2024-07-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Solventum , formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1 . As a standalone company, Solventum has been under-covered and misunderstood by the market. There is also no shortage of examples of Trian being a valuable corporate governance-oriented investor and creating tremendous shareholder value from the board level. While Trian has a history of being an active shareholder, the firm has also created tremendous shareholder value as an engaged director. Moreover, if there is an opportunity to divest one or more businesses, shareholders would have comfort with a financially astute shareholder representative on the board to evaluate competing offers to assure the maximization of shareholder value.

Persons: Trian, Nelson Peltz, Peltz, Solventum, Pepper, Ingersoll Rand's, Russell, Ken Squire Organizations: Health, 3M, What's, Bloomberg, Dental Solutions, Information Systems, Electric plc, Kraft Foods, Dow, General Electric, GE, GE HealthCare, GE HealthCare Technologies, 13D Locations: Solventum

☆ Early West Nile Virus activity in the United States may point to a once-in-a-decade spike infections. Here’s what survivors want you to know.
▼ + stars: | 2024-07-27 | by ( Brenda Goodman | ) edition.cnn.com time to read: +21 min

Jule Hamrick spent years in physical therapy to learn how to walk again after a West Nile Virus infection. “So kind of like what you see with long Covid, we’ve seen that with West Nile as well, where you can get this ‘long West Nile’ kind of picture.”Watching West Nile patients struggle to recover from their infections made Murray wonder what would become of survivors over time. Brittany Yeager recently returned to the Girl Scout Camp in Idaho where she caught the West Nile virus. She went to two hospitals before a doctor tested her spinal fluid and discovered that she had West Nile virus. The CDC keeps maps of where West Nile cases have been detected in the United States.

Persons: Brittany Yeager, Yeager, Charlie, Streby, “, ”, Kisstina Streby, John Brittingham, he’s, Jule Hamrick, welt, ” Yeager, Brittingham, Jule Hamrick “, Ben Beard, Emma Underwood, –, Kristy Murray, Atlanta . Murray, they’ve, ” Murray, Murray, Max Vigilant, we’ve, she’s, Erin Staples, ” Staples, Staples, haven’t, “ It’s, Charlie Yeager Yeager, Heather, ” Heather, Heather Brittingham John, John, backslide, she’d, ” Jule Hamrick, Hamrick, She’s, don’t, It’s, ” Hamrick Organizations: CNN, Girl Scout, US Centers for Disease Control, Prevention’s, Vector, University of South, Emory University, Houston, Harris County Public Health, West, US Food and Drug Administration, New England, of Medicine, CDC, Vaccine, “ Locations: Idaho, Santa Fe , New Mexico, Roswell , Georgia, University of South Florida, Tampa, Hillsborough County , Florida, West, Atlanta ., New York City, Nile, Harris County, Tex, Texas, West Nile, Kennewick , Washington, CDC’s, United States, Santa Fe, Santa, Albuquerque, Chicago, Houston

☆ Iraqi judoka records first positive doping test of Paris Olympics
▼ + stars: | 2024-07-26 | by ( Ben Burrows | ) www.nytimes.com time to read: +1 min

An Iraqi judoka has recorded the first positive doping test of the 2024 Paris Olympics, the International Testing Agency (ITA) said on Friday. A statement from the ITA said that Sajjad Sehen tested positive for the banned anabolic steroids metandienone and boldenone during out-of-competition anti-doping control in Paris on July 23. AdvertisementThe Games begin officially with the opening ceremony in the French capital on Friday night. Sehen has the right to request the analysis of his B sample but won’t now be eligible to take up his place in the competition. “The athlete has been informed of the case and has been provisionally suspended until the resolution of the matter in line with the World Anti-Doping Code and the IOC Anti-Doping Rules applicable to the Olympic Games Paris 2024,” an ITA statement read.

Persons: Sajjad Sehen, Sehen, “, ”, Emmanuel Dunand Organizations: International Testing Agency, ITA, IOC, Olympic Games, Games, –, Doping, International Olympic Committee, Getty Locations: Iraqi, Paris, AFP

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.

Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, ”, Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States

The 48 states also include the 15 states where former President Donald Trump, the Republicans’ 2024 nominee, had his highest share of the vote in 2020. Since Biden was never the official nominee, states say there’s no problem for HarrisThe election authorities in 48 states and the District of Columbia offered highly similar comments explaining why Harris does not face any hurdles getting on the ballot there. Chelsea Carattini, spokesperson for Republican Idaho Secretary of State Phil McGrane, said in an interview: “There’s no issue. It’s impossible to say for certain whether a particular court in a particular state might rule that the state’s elections authority was wrong. Any challenges after the convention would be challenges to a nominee who received the support of the convention delegates under convention rules.

Persons: Kamala Harris, Mike Johnson, Joe Biden, CNN Harris, Harris, Johnson, they’re, ”, Biden, Donald Trump, Patrick Gannon, ” Gabriel Sterling, Brad Raffensperger, it’s, haven’t, ’, Chelsea Carattini, Phil McGrane, “, ” Michon Lindstrom, Michael Adams, Kamala, ” Rachel Soulek, Monae Johnson, ” Landon Palmer, State Mac Warner, ” Laney Rawls, Wes Allen, Rawls, CNN’s Tierney Sneed, Derek Muller, ” CNN’s Marshall Cohen, Ethan Cohen Organizations: Washington CNN, Democrats, Democratic, CNN, ABC, of Columbia, Republicans, District of Columbia, North, North Carolina State Board, State Board, Democratic Party, Republican Georgia, Republican, Trump, Chelsea, Republican Idaho, Republican Kentucky, Republican West, State, Republican Alabama, ”, University of Notre Dame Locations: Florida, Montana, Georgia, Arizona , Wisconsin , Pennsylvania, North Carolina , Michigan, Nevada, North Carolina, South Dakota, Alabama

☆ DOJ's Kanter: we are thinking about AI competition from chips to the end user
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ's Kanter: we are thinking about AI competition from chips to the end userJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk on the Street' to discuss antitrust issues within the AI sector, the lack of competitors to Nvidia, and more.

Persons: DOJ's Kanter, Jonathan Kanter Organizations: Justice Department’s Antitrust, Nvidia

☆ Lockheed Martin's new compact hypersonic missile enables America's stealth fighters to engage targets at Mach 5 speeds
▼ + stars: | 2024-07-26 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +12 min

Hypersonic missiles are weapons that are capable of achieving sustained speeds in excess of Mach 5 while maneuvering. It is a true hypersonic weapon that operates and maneuvers in a high-altitude hypersonic regime," Paul Sudlow from Lockheed Martin Missiles and Fire Control previously told Sandboxx News. AdvertisementAdding the Mako missile to America's stealth fightersA render of an F-35 equipped with Mako missiles. Designed in a 'digital engineering ecosystem'A render shows the Mako hypersonic missile in flight. Leon Neal/Getty ImagesOne of the biggest challenges facing the laundry list of hypersonic weapons in active development for the US military is cost.

Persons: —, Lockheed Martin, Mako, Paul Sudlow, Sudlow, Nano Calvo, Northrop Grumman, Rick Loy, Lockheed Martin's, Lockheed, Lockheed Martin Lockheed Martin, Leon Neal Organizations: Service, Mako, Lockheed, US Air Force, US Navy, Business, Lockheed Martin Missiles, Control, Sandboxx, Air, Sandboxx News, EA, AIM, Air Force, Navy, Marine Corps, Getty, US Air, Northrop, Naval News, Visitors, Defense Department, Congressional Locations: Mako, Lockheed Martin Europe, London

☆ How the AI revolution could cost you your job without replacing you
▼ + stars: | 2024-07-26 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

But as tech firms plan to invest billions of dollars in generative AI technologies, there's been another explanation for job cuts. While there's been a mountain of speculation about if and when AI technologies like ChatGPT could displace workers, their near-term impact on job losses could be less about job replacement and more about the cost of AI investments. The risks of AI job replacement remains to be seenIn the big picture, Netzer said he expects AI technologies to be an "enhancer rather than a replacer of jobs" in the years ahead. Advertisement"For many jobs, AI is likely to enhance our job, allowing us to spend more time on the things we enjoy doing and less time on the mundane," he said. AdvertisementBenedikt Frey pointed to translators as one profession that has seen fewer employment opportunities due to generative AI, per his research.

Persons: —, there's, Goldman Sachs, Mark Zuckerberg, Meta, Sundar Pichai, Daniel Rausch, Dan Ives, It's, Carl Benedikt Frey, Netzer, Benedikt Frey Organizations: Service, Apple, Microsoft, Industry, Business, Google, Amazon, Alexa, Fire, Wedbush Securities, Big Tech, FT, Columbia Business School, University of Oxford

☆ Watch CNBC's full interview with Elevation Partners co-founder Roger McNamee
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Elevation Partners co-founder Roger McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss remarks from Assistant Attorney General for Justice Department’s antitrust division Johnathon Kanter, the upcoming presidential election, and more.

Persons: Roger McNamee Roger McNamee, Johnathon Kanter Organizations: Partners, Justice

☆ 'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNamee
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss his take on the CNBC interview with Assistant Attorney General for Justice Department’s Antitrust Division Johnathan Kanter and his outlook on generative AI.

Persons: Robert McNamee Roger McNamee, Johnathan Kanter Organizations: Partners, CNBC, Justice Department’s Antitrust

☆ The AI hype train is still running at full tilt — just don't ask where the profits are
▼ + stars: | 2024-07-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

pic.twitter.com/0licQGfphn — Mustafa Suleyman (@mustafasuleyman) October 20, 2023Expectations for the AI boom to generate serious money are absurdly high, then, which helps explain why the hype train for the technology is still running at full tilt. AdvertisementThat was probably hard for investors to hear given AI has pushed Google to spend more. Similar questions around the gap between returns and hype have shown themselves this week in startup land, too. Toronto-based AI startup Cohere, founded by ex-Googlers in 2019, announced a fresh funding round of $500 million on Monday, putting its valuation at about $5.5 billion. Last year, veteran venture capitalist Vinod Khosla suggested most startups were overvalued and that most investments in AI "will lose money."

Persons: —, Mustafa Suleyman, — Mustafa Suleyman, Sundar Pichai, Philipp Schindler, Katherine Tangalakis, Lippert, Pichai, Cohere, It's, Harvey —, Winston Weinberg, Gabriel Pereyra —, Harvey, Vinod Khosla Organizations: Service, Business, Google, Microsoft, BI, Google Ventures Locations: California, Toronto, Cohere

☆ Strong earnings from industrial AI play Dover prove the stock belongs in our portfolio
▼ + stars: | 2024-07-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Dover's active portfolio management and commitment to capital returns sweeten the investment case. Tobin said the moves will boost Dover's clean-energy portfolio and decrease its exposure to more cyclical capital equipment businesses. I think that what's doing better than planned as the margin performance of the business has just been exemplary through the quarter," Tobin said. Guidance Dover now expects adjusted full-year earnings per share between $9.05 and $9.20, up from its previous range of $9.00 to $9.15. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Ingersoll Rand, Jim Cramer, Richard Tobin, Tobin, Encouragingly, It's, Marshall Excelsior, Demaco —, we've, That's, it's, DOV YTD, Dover, biopharma —, Danaher, he's, Jim Cramer's, DOV, Jim, Rafael Henrique Organizations: LSEG, IDEX Corp, Dover, Environmental Solutions Group, Engineered Products, Management, Solutions, Sustainability Technologies, Sustainability Tech, Environmental Solutions, CNBC, Getty Locations: Dover, Veralto, Michigan, biopharma

☆ China’s hosting Palestinian and Ukrainian delegations this week. But can it play peace broker in global conflicts?
▼ + stars: | 2024-07-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —China’s top diplomat Wang Yi has had a busy week in which two devastating conflicts have loomed large. Kuleba’s visit was the first time in the nearly 29 months of Russia’s war on Ukraine that a high-level Ukrainian official has visited China. Official statements from Beijing and Kyiv after Wednesday’s Wang-Kuleba talks gave no indication that the Ukrainian diplomat had swayed Beijing toward Kyiv’s vision for peace. Observers say Beijing could, at some point, play a role in any potential future talks, but is unlikely to shift its relationship with Russia. But it was met with some skepticism from observers in the region given the failure of past attempts at unity.

Persons: Hong Kong CNN —, Wang Yi, Wang, Fatah, Dmytro Kuleba –, –, Kuleba, Beijing “, ” Wang, ”, Steve Tsang, Kuleba’s, Vladimir Putin, Volodymyr Zelensky, “, Zelensky, Russia ”, Antony Blinken, Mahmoud al, Mussa Abu Marzuk, Pedro Pardo, Beijing’s, Wednesday’s Wang, ” Kuleba, Xi, Chong Ja Ian, Donald Trump, Trump’s, JD Vance, ” Chong, Jonathan Fulton Organizations: Hong Kong CNN, Hamas, Ukrainian, SOAS China Institute, University of London, Beijing, NATO, Central Committee, Fatah, China's, Getty, Foreign Ministry, Ukrainian Foreign Ministry, Kyiv, Observers, West, National University of Singapore, Republican, Global, ”, Palestinian, US State Department, West Bank ”, Atlantic Locations: China, Hong Kong, Beijing, Gaza, Ukraine, Russia, United States, Russian, Kyiv, Laos, AFP, Guangzhou, Ukrainian, Moscow, China’s, ” Russia, India, Brazil, Israel

☆ Justice Elena Kagan says Supreme Court’s code of conduct needs an enforcement plan. Takeaways from her wide-ranging comments.
▼ + stars: | 2024-07-25 | by ( Devan Cole | ) edition.cnn.com time to read: +11 min

Sacramento, California CNN —Justice Elena Kagan on Thursday defended the code of conduct the Supreme Court created last year, but conceded there needs to be a way to enforce the rules for it to be more effective. “I think that the rules that we put out are good ones,” Kagan said at a judicial conference in Sacramento. “I think that the thing that can be criticized is, you know, rules usually have enforcement mechanisms attached to them. Justice Scalia and Justice Ginsburg pose on an elephant in Rajistan during their tour of India in 1994. Collection of the Supreme Court of the United StatesBut asked on Thursday whether she thought collegiality is important for the court, Kagan made clear that while she saw it as important, it shouldn’t ultimately matter to the public.

Persons: Elena Kagan, ” Kagan, Kagan, ”, “, ’, John Roberts, “ I’m, Roberts, Trump, Joe Biden, Feedback Biden, ‘, ’ ”, eked, Donald Trump’s, Barack Obama, Antonin Scalia, Ruth Bader Ginsburg, Justice Scalia, Ginsburg, collegiality, shouldn’t Organizations: California CNN, Democratic, Judicial, Department, GOP, Biden, Department of Education, Trump, CNN Locations: Sacramento, California, Washington, Rajistan, India

☆ Unilever pops 6% on guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Tubs of Ben & Jerry's ice cream in a store freezer in London, UK, on Thursday, April 25, 2024. Unilever Plc said it wanted to shed its ice cream division, which generates around 8 billion ($8.5 billion) in annual sales, in a bid to reverse years of lackluster performance. Unilever shares popped 6.8% on Thursday morning, after the consumer goods giant raised its full-year margin guidance and said the spinoff of its ice cream business was on track to complete by the end of 2025. Beauty and well-being expanded 7.1%, while ice cream lagged other segments with just 0.6% of growth. Organic sales growth came in at 3.9% in the second quarter, missing expectations of a 4.2% expansion forecast by a company-compiled consensus.

Persons: Knorr, Domestos, Jerry's, Jefferies Organizations: Unilever Plc, Unilever Locations: London, British

☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ Nickelback, Post Malone, Chris Brown, and other stars took COVID cash despite their accountants' initial concerns about 'perjury' and 'perception problems,' court documents say
▼ + stars: | 2024-07-25 | by ( Jack Newsham | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Congress created the Shuttered Venue Operators Grant in 2021 to help theaters and indie music venues stay in business during the pandemic lockdowns. A 2023 Business Insider investigation found that dozens of wealthy musicians used ineffective oversight and loopholes in the law to line their pockets. But once the law was passed, Strickland said he focused on helping as many people get money as possible. According to an email, he ended up telling NKSFB to pull the application, figuring he was being fed "BS" by a consultant.

Persons: Post Malone, Chris Brown, Nickelback, Lil Wayne, didn't, —, Paul Anka —, David Hickok, Hickok, Bessy Wong, Mickey Segal, Anka, Segal, NKSFB, Kyle Leunissen, Suicideboys, Michael Strickland, Lites, Strickland, Paul Anka Organizations: Service, Small Business Administration, Business, Post, SBA, BI, Billboard Locations: Angeles, American, NKSFB

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
▼ + stars: | 2024-07-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California. Keurig Dr Pepper reported quarterly earnings and revenue that met analysts' expectations on Thursday as higher prices fueled its U.S. soda sales. Excluding items, Keurig Dr Pepper earned 45 cents per share. Keurig Dr Pepper's U.S. refreshment beverages division, which includes Snapple, Canada Dry and Sunkist, reported sales growth of 3.3%. Dr Pepper also recently overtook Pepsi as the second-most consumed soda in the U.S., trailing only Coca-Cola , according to Beverage Digest.

Persons: Pepper, Dr Pepper, Dr Pepper's, Keurig Dr Pepper's Organizations: LSEG, Pepsi, Beverage Digest Locations: San Anselmo , California, Snapple, Canada, U.S

☆ Nikki Haley defends anti-Trump primary rhetoric and choice to endorse him over Harris
▼ + stars: | 2024-07-25 | by ( Jeremy Herb | ) edition.cnn.com time to read: +7 min

In May, Haley said she would vote for Trump, sparking backlash from some anti-Trump Republicans who had supported her campaign. Even after she suspended her campaign in March, Haley continued to get a significant share of the vote in subsequent primaries. “I know that Trump kept dictators at bay, and that’s what I hope he will continue to do,” she said. That’s what I want President Trump to have. “First of all, she was official, she should have been there,” Haley said of Harris, who serves as president of the Senate in her official capacity.

Persons: Nikki Haley, Donald Trump, Jake Tapper, Kamala Harris, Trump, Haley, Joe Biden’s, “, ” Haley, Joe Biden, Haley –, ”, –, Harris, Kamala Harris –, she’s, we’ve, It’s Trump, it’s Harris, Tapper, Ohio Sen, JD Vance, Vance, we’re, Benjamin Netanyahu’s, – Harris, Netanyahu, they’re, ” “, Chris Christie, Christie, Chris, he’s Organizations: CNN, Former South Carolina Gov, Democratic, Republican National Convention, GOP, Trump, Trump Republicans, United Nations, Ohio, Republican Party, America, Russia, Israeli, White, Mar, Senate, Republican, New, New Jersey Gov Locations: Russia, Ukraine, Taiwan, Israel, New Jersey, Iowa, New Hampshire

☆ Biden’s Oval Office address now hands debate over democracy to Harris
▼ + stars: | 2024-07-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

In his primetime Oval Office address on Wednesday, Biden ceded the political stage to Kamala Harris, ushering in an unusual period heading into the election where the vice president, not the president, will lead their party. It’s been the honor of my life to serve as your president,” Biden said. “But … the defense of democracy, which is a stake, I think (is) more important than any title,” Biden said. One of the most significant implications of Biden’s decision is that he’s now putting his entire political legacy in someone else’s hands. But if Harris prevails over Trump, Biden’s actions and thinking spelled out in Wednesday’s address will be more likely to be remembered in his own terms — as a selfless political move motivated by deep patriotism.

Persons: Joe Biden, Donald Trump, Biden, Kamala Harris, Harris, —, It’s, ” Biden, ”, he’s, Trump, “ Thomas Jefferson, George Washington, Abraham Lincoln, Franklin Roosevelt, Benjamin Franklin’s, “ America’s, didn’t, Ronald Reagan, ” Reagan, “, Barack Obama’s, Shakespeare’s Macbeth Organizations: CNN, Democratic Party, Democratic, Republican, Trump Locations: Gaza, America, Atlanta, Kings, United States of America, Washington

☆ Senate prepares for key vote on kid's online safety bills
▼ + stars: | 2024-07-25 | by ( Emily Wilkins | ) www.cnbc.com time to read: +3 min

The Senate is poised to take a key vote on major legislation to keep kids safe online Thursday- the most sweeping regulation of the tech industry in more than a decade. said the measures social media companies have put in place are "not sufficient." One, known as the Children and Teens' Online Privacy Protection Act, would ban targeted ads to kids and teens. Social media companies would have to automatically enable the strongest privacy setting for kids. But House Speaker Mike Johnson said in an interview that Americans need to have more power over what their kids see online.

Persons: Charles Schumer, Joe Biden, Sen, Edward Markey, they're, NetChoice, Carl Szabo, Mike Johnson Organizations: U.S, Capitol, Senate, CNBC, FTC, Social, Snap Inc, Microsoft, Meta, Google, Yahoo

☆ Ford plummets 18% after big 2nd-quarter earnings miss
▼ + stars: | 2024-07-25 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Ford stock plunged Thursday as the automaker missed Wall Street's earnings estimates. The downbeat quarter was driven by high warranty costs and a $1.14 billion loss in its EV division. AdvertisementFord shares hit their lowest point since January after the carmaker's most recent earnings missed targets, sparking its steepest single-day loss since 2008. On Wednesday's earnings call, the carmaker reiterated its full-year profit guidance. Ford saw a $1.14 billion loss in its EV business as demand slows in the market.

Persons: —, Ford, Jim Farley, Farley, EVs Organizations: EV, Service, Bloomberg

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