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☆ Rite Aid lost more than $1 billion in months before bankruptcy filing
▼ + stars: | 2023-10-18 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Rite Aid lost more than $1 billion in the months before it filed for bankruptcy, the failed drugstore chain revealed in a Wednesday regulatory filing, as it warned investors it may not be able to keep its business running. During the quarter, Rite Aid posted $5.65 billion in revenue and a net loss of $1.02 billion, compared with $5.9 billion in sales and a net loss of $331 million in the year-ago period. Rite Aid has about $4 billion in debt and pays about $200 million in interest annually, court records say. With about $93 million in cash as of Sept 2., those payments have left Rite Aid unable to execute its turnaround strategy. Rite Aid warned its store footprint will get even slimmer with plans to close underperforming stores as part of the bankruptcy.

Organizations: Rite Aid, Rite, CVS, Walgreens, Aid, CNBC Locations: New Jersey

☆ 11-year-old De’Evan McFall dreamed of making it to the NFL. A stray bullet stopped that goal in its tracks
▼ + stars: | 2023-10-18 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +7 min

CNN —To hear 11-year-old De’Evan McFall tell it, he was going all the way to the NFL or NBA. And De’Evan could have been far more than a youth league legend if he had the chance, the coach believes. But on January 15, De’Evan was shot and killed by a stray bullet fired by a teenage girl who was fighting another girl, Dallas police said. The teen who fired the gun had been fighting De’Evan’s sister, according to De’Evan’s mother, Vashunte Settles. In just seconds, Settles became one of the hundreds of parents to lose children to gun violence this year.

Persons: ”, Byron Sanders, De’Evan’s, Sanders, De’Evan, Vashunte, De'Evan McFall, Choppa, “, he’s, ” De’Evan, wouldn’t, …, De'Evan's, ” Sanders, who’ve, Shay Govan, Govan, De'Evan, Angela, ” Govan, that’s what’s, they’d, ” De'Evan, NLE Choppa Organizations: CNN, NFL, De’Evan’s Dallas, football team, DeSoto Colts, Dallas, NBA, Firearms Locations: Govan

☆ As Rite Aid's bankruptcy shutters drugstores, these retailers will benefit
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Rite Aid's bankruptcy is likely to be a bigger boost to retailers such as Walmart and Costco than it will be to other drugstore chains, according to UBS. And as drugstore closures accelerate, dollar stores may be able to scoop up some of the abandoned locations. Discount chains Dollar Tree and Dollar General could also benefit from drugstore closures. Dollar stores, in particular, could also expand into store fronts once operated by drugstore chains. For dollar stores, the real advantage will be the real estate left behind.

Persons: Michael Lasser, it's, Lasser, Stephen Buschbom, Buschbom, Gordon Haskett, we've Organizations: Walmart, Costco, UBS, Rite Aid, CVS Health, Walgreens, CVS, Kroger, Target, KR, Wall Street, FactSet, Albertsons, HSBC Locations: U.S

After AP contacted Kennedy and others involved in the book last week, the president of Skyhorse Publishing, which co-published the book, texted the Faheys. She declined all vaccines for her son after buying into the insistence by Kennedy and other anti-vaccine “gurus” that vaccines cause autism. But people involved in the response said Kennedy and the anti-vaccine activists he supported made things worse. In June 2019, Kennedy and his wife, the actress Cheryl Hines, visited Samoa, a trip Kennedy later wrote was arranged by a local anti-vaccine influencer. He also met with anti-vaccine activists, one of whom wrote on Instagram that the meeting was “profoundly monumental ... for this movement."

Persons: Robert F, Kennedy Jr, Kennedy, Sen, John F, Braden Fahey didn’t, Kennedy's, ”, Gina Fahey, Skyhorse, Tony Lyons, Braden, Lyons, Lydia Greene, Greene, “, ” Greene, Cheryl Hines, Helen Petousis, Harris, ” Kennedy, Richard Pan, Pan, Anthony Fauci Organizations: AP, Skyhorse Publishing, SAMOA, Facebook, Associated Press Locations: Canadian, Alberta, U.S, Samoa, New Zealand, California, Sacramento, America

One mom told AP about how she had delayed important care for her child because she believed Kennedy’s vaccine falsehoods. The AP found dozens of individuals included in the book died of known causes not related to vaccines, including suicide, choking while intoxicated, overdose and allergic reaction. Kennedy’s Children’s Health Defense produces articles, newsletters, books, podcasts, even TV shows on its own CHD.TV. And hack into that.”Because of his national profile, Kennedy’s work has ripple effects beyond the most devoted anti-vaccine activists. But people involved in the response who spoke to AP said Kennedy and the anti-vaccine activists he supported made things worse.

Persons: Braden Fahey, Gina, Padrig Fahey, ”, Robert F, Kennedy Jr, John F, Kennedy’s, Kennedy, Braden, ” Gina Fahey, “, Sen, that’s, Joe Biden, Donald Trump, Gina Fahey, “ There’s, “ It’s, CHD, Skyhorse, Edward Dowd, Matthew Martinez, Dowd, Tony Lyons, Lyons, Braden's, Francesco Pierri, Matthew DeVerna, Lydia Greene, Greene, ” Greene, ’, Sharon Goldfarb, ” Goldfarb, you’re, …, Dr, Todd Wolynn, ” Wolynn, Trump, Vivek Ramaswamy, he’d, Ron DeSantis, Floridians, Daniel Jolley, Jolley, ” Jolley, Cheryl Hines, Edwin Tamasese, Taylor Winterstein, Helen Petousis, Harris, Moelagi Leilani Jackson, Richard Pan, Pan, Jr, ” Pan, Anthony Fauci, Kerry Kennedy, –, ” Kerry Kennedy, Terry Chea Organizations: Associated Press, Democratic, AP, Skyhorse Publishing, Children’s Health Defense, ”, BlackRock, Atlantic Health, Morristown Medical Center, Kennedy Super, Children's Health Defense, Skyhorse, Indiana University’s Observatory, Social Media, Twitter, Health Defense, Disease Control, Republican, GOP, COVID, Florida Gov, University of Nottingham, Public, RFK, Facebook, Press Locations: California, U.S, Morristown, COVID, New, Hudson, Canadian, Alberta, Berkeley , California, Pittsburgh, Samoa, New Zealand, Sacramento , California, Sacramento, America

☆ Zahmire Lopez, 8-year-old with dance moves and rap skills, was killed in his New Jersey home
▼ + stars: | 2023-10-17 | by ( Eric Levenson | ) edition.cnn.com time to read: +6 min

Delivered in an excited pre-pubescent voice, this untitled rap song is a lasting memory of the joy and bravado 8-year-old Zahmire Lopez always brought to the world. Zahmire, or “Zah,” was shot and killed at his home in Newark, New Jersey, in May. Some say when time goes by it gets easier but it doesn’t get easier.”Leontine Niangara described her son Zahmire Lopez as her "shadow." Read other profiles of children who have died from gunfireWyleek Shaw, 27, was also killed in the shooting, according to the Essex County Prosecutor’s Office. It’s just flag football,’” Niangara said.

Persons: Lil Zah, Zahmire Lopez, ”, Leontine Niangara, “, Zahmire, ” Niangara, “ It’s, Niangara, Wyleek Shaw, Tajion Simmons, Everett Rand, Rand, Shaw, ‘, “ Zahmire, ” She’s Organizations: CNN, won’t, Firearms, New, New Jersey Attorney General’s, Police, Prosecutor’s, Fords, NJ, General’s, University Hospital Locations: Newark , New Jersey, America, Niangara’s Newark, New Jersey, Essex, Fords , New Jersey, Rand, East Rutherford , New Jersey, Newark

A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. Rite Aid also said lenders agreed to provide $3.45 billion in new funding to "provide sufficient liquidity" as it embarks on its restructuring plan. During its most recent quarter ended June 3, revenue fell to $5.6 billion, down from $6.01 billion in the year-ago period. Rite Aid Chairman Bruce Bodaken said in a statement, "Jeff is a proven leader with a strong track record of guiding companies through financial restructurings.

Persons: hasn't, Jeffrey Stein, Elizabeth Burr, Bruce Bodaken, Jeff, Stein Organizations: New York City . Rite Aid, Aid, Rite Locations: Brooklyn, New York City, New Jersey

☆ Stocks making the biggest moves premarket: Pfizer, Lululemon, Manchester United, Rite Aid and more
▼ + stars: | 2023-10-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Pfizer , Moderna , BioNTech — Shares of Pfizer dropped 1.3% after the company slashed its full-year revenue guidance by $9 billion, noting waning demand for its Covid treatment and vaccine. Following the guidance cut, Jefferies upgraded Pfizer on Monday, citing an attractive buying opportunity. Vaccine markers Moderna and BioNTech also dropped premarket, losing 4.1% and 5%, respectively. Colgate-Palmolive — The consumer products stock gained more than 1% in premarket trading after Stifel upgraded Colgate-Palmolive to buy from hold. The firm cited the stock's attractive valuation and the rapid and profitable growth of TAL's non-academic tutoring business as catalysts.

Persons: Jefferies, BioNTech, premarket, Morgan Stanley, Jim Ratcliffe, Jeffrey Stein, Dow, Charles Schwab, CNBC's Hakyung Kim, Jesse Pound, Tanaya Macheel, Michelle Fox Theobald, Lisa Han Organizations: Pfizer, Moderna, BioNTech, Colgate, Palmolive, Manchester United, Wall Street, . Rite, Dow Jones, Activision, Microsoft, TAL Education Group, UBS Locations: New Jersey

Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

☆ The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | Grace Dean | ) www.businessinsider.com time to read: +5 min

Rite Aid filed for voluntary Chapter 11 bankruptcy on Sunday following slumping sales and a series of lawsuits. Rite Aid, which has over 47,000 employees, has struggled in recent years to compete against larger peers like CVS and Walgreens Boots Alliance, as well as Amazon. Rite Aid has faced growing competition from direct-to-consumer pharmacy startups as well as medication deliveries from the likes of Amazon and Uber. Rite Aid also experienced supply chain challenges after changing supplier for many of its perishable consumer goods and shrink "continued to be a significant headwind," Burr said. Representatives for Rite Aid did not immediately respond for Insider's request for further comment beyond sending statements about Stein's appointment and its Chapter 11 bankruptcy filing.

Persons: it's, —, Jeffrey S, Stein, Elizabeth Burr, Heyward Donigan, Donigan, Burr, there'd Organizations: Service, Rite, Walgreens Boots Alliance, Rite Aid, pharma, Aid, Discount, Rite Aid Corporation, PayLess, Walgreens, Albertsons, New York Times Locations: New Jersey, Scranton , Pennsylvania

☆ This highly profitable industry is booming as the population ages
▼ + stars: | 2023-10-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +10 min

Enteral nutrition is administered through a feeding tube or it can be taken orally. Fresenius owns 32% of Fresenius Medical Center, which saw shares drop on recent news that Ozempic's kidney disease treatment trial showed signs of success. Clinical nutrition is about 20% of group profits and an important subset of its larger specialized nutrition unit, Ackerman said. "Many investors only focus only on their infant formula unit and don't know how big or how profitable clinical nutrition is," he said. "Clinical nutrition is the jewel in Danone's crown and probably the most attractive part of Danone's portfolio, yet is hidden from investors."

Persons: Stefano Natella, — hasn't, Hassan Al, Wakeel, Warren Ackerman, Ackerman, Lindsay Clarke, Enteral, Danone's Nutrison, —, Baxter, Abbott, Sara Hennicken, Fresenius, Nestlé, Mark Schneider, Nestle, — CNBC's Michael Bloom Organizations: Guggenheim, World Health Organization, WHO, Barclays, Danone, Fresenius, Al, Alliance for Aging Research, Aging, CNBC, Nestle, Companies, — Nestle, Nutrition, Fresenius Medical Locations: German, Paris, China, Swiss, United States, parenteral, Latin America

☆ Madonna launches ‘Celebration’ tour after health scare delay: ‘I didn’t think I was going to make it’
▼ + stars: | 2023-10-15 | by ( Dan Heching | ) edition.cnn.com time to read: +3 min

CNN —Madonna took the stage in London on Saturday in the long-awaited debut of her surprisingly poignant new ‘Celebration’ world tour, which had been delayed after she suffered a serious health scare during the summer. The “Like a Virgin” performer also addressed her health troubles, saying it had been “a crazy year for me.”“I didn’t think I was going to make it, neither did my doctors. Madonna battled a bacterial infection in June that caused her to cancel the first leg of the “Celebration” tour in North America. Indeed, it should be noted for Madonna’s die-hards that the tour is not at all reserved only for her chart hits. Madonna often faced away from the audience, performing to a camera that then projected a flawless-looking Madge back to the crowd.

Persons: Madonna, –, Prince, Michael Jackson, Sinead O’Connor, ”, “, ‘ I’ve, ’ ”, Keith Haring, ” Madonna, Kevin Mazur, Madonna’s, Mercy James, Lourdes Leon –, Stella, Estere, ” –, Madge Organizations: CNN, O2 Locations: London, North America

☆ Rite Aid files for bankruptcy
▼ + stars: | 2023-10-15 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

“It was always a matter of when, not if, Rite Aid would file for bankruptcy,” said Neil Saunders, managing director of GlobalData, in a note to investors. As part of the bankruptcy plan, Rite Aid appointed a new CEO, Jeff Stein, who will also serve as the head of restructuring and a board member. The government accused Rite Aid of missing “obvious red flags” when it filled the prescriptions for addictive pain killers. Rite Aid is a distant third-largest nationwide standalone pharmacy chain in the United States — and the seventh largest pharmacy overall, when taking into account big box chains. Ultimately, in 2017, the companies agreed to a smaller, $4.4 billion deal, in which Walgreens bought just under 2,000 Rite Aid locations, leaving Rite Aid diminished in stature and unable to compete at the scale of its bigger rivals.

Persons: —, ”, Neil Saunders, GlobalData, Jeff Stein, Stein, “, Aid’s, General Merrick Garland, — CNN’s Nathaniel Meyersohn, Juliana Liu Organizations: New, New York CNN — Rite, CVS, Walgreens, Walmart, Target, Costco, US Securities and Exchange Commission, ”, Aid, Rite Aid, Solutions, “, Justice, US Justice Department, US Centers for Disease Control, ., United States — Locations: New York, United States

☆ Some Americans are secretly working multiple remote jobs. Bosses shouldn't be worried about it.
▼ + stars: | 2023-10-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some Americans are secretly working multiple remote jobs. AdvertisementAdvertisementOne of your co-workers could be secretly working multiple remote jobs to boost their finances. But holding two remote jobs could breach some employment contracts and lead to job termination. But it could become more popular as the remote work revolution provides additional opportunities for Americans to take on more work. "Clearly, if people can work multiple jobs at the same time, then I need to redefine their role to be more rigorous," she said.

Persons: —, it's, David Barron, Cozen O'Connor, Barron, who've, Aaron De Smet, I'm, Jennifer Moss, De Smet, Xer, Moss, we've, they're, we'll, Nicole Coomber Organizations: Service, McKinsey, University of Maryland Locations: Texas

☆ The Latest News, Headlines, and Business Stories for October 10
▼ + stars: | 2023-10-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK 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 . Business: All the best deals for Amazon's October Prime Day sales. 3 things in businessAmazonAll the best October Prime Day deals. Amazon Prime Big Deals Days (also known as the October Prime Day) kicks off today.

Persons: —, you've, Yasser Qudih, Tom, Khan Yunis, Said Khatib, Janet Yellen, Chip Somodevilla, Yellen, Ray Dalio, David Risher, Kendall Jenner, Naomi Osaka, Charli D'Amelio, Tom Brady, Bob Iger, Nelson Peltz, Brady MacDonald, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Hamas, Getty, Bridgewater Associates, America, Technology, Meta, Disney, ESPN, ABC, National Hockey League, Vegas Golden Knights, Nashville Predators, Tampa Bay Lightning, Chicago Blackhawks, Pittsburgh Penguins, Amazon, PepsiCo, Sky, Delta Sky Club, LAX, LAX Sky Club, Hollywood Locations: Israel, Gaza, AFP, Dadu, Charli, Phoenix, Seattle, New York City, San Diego, London, New York

☆ Tech Industry Made Americans Lonelier, Now It Has to Help Connect Us
▼ + stars: | 2023-10-10 | by ( David Risher | ) www.businessinsider.com time to read: +11 min

A company that prioritizes product-market fit can build a great, customer-focused business. The venture capitalist Marc Andreessen has said that for startups, product-market fit is "the only thing that matters." I appreciate Marc's wisdom: Great product-market fit produces a sugar high. And that goal is well aligned with the broader social goal of making people less lonely. Over time, it became apparent that this was not a great social fit.

Persons: I'm, Vivek Murthy, Robert Putnam's, Jeff Bezos, I've, Marc Andreessen, It's, haven't, Apple, Eventbrite, David Risher Organizations: Netflix, Apple, Amazon, Lyft Locations: —

☆ The CEO of Airbnb says Barack Obama gave him one piece of advice about love and friendship after a breakup
▼ + stars: | 2023-10-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Brian Chesky says Barack Obama gave him some post-breakup advice, saying he didn't need another relationship. AdvertisementAdvertisementAirbnb CEO Brian Chesky says he received a piece of advice about love and friendship from the former president after a breakup in 2021. Speaking on the Diary of a CEO podcast on Monday, Chesky recounted how he sought advice from Obama in 2021. The two have known each other since at least 2015, when Obama named Chesky a Presidential Ambassador for Global Entrepreneurship. Chesky and Obama did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Brian Chesky, Barack Obama, Chesky, —, Obama, podcaster Steven Bartlett, Airbnb, isn't, Vivek Murthy, Insider's Rebecca Ungarino Organizations: Service, Global Entrepreneurship, Obama, Bloomberg, Obama Foundation, Public Service, Psychological Locations: Cuba

BEIJING (AP) — A group of U.S. senators visiting Beijing expressed hope Tuesday that they had opened the door ever so slightly to government talks with China on its role in the fentanyl crisis ravaging America. The fact that Xi did not reject the senator's request outright could be hailed as progress reflects how low U.S.-China relations have fallen. The senators made trade and fentanyl their main focus in their meetings with Xi and other Chinese government officials. The U.S. ambassador to China, Nicholas Burns, said the senators made more progress on the issue than he expected. Chinese state media made only brief mention of the fentanyl issue in its coverage of the senators' meetings.

Persons: Chuck Schumer, Xi Jinping, “, ” Schumer, Xi, Joe Biden, Sen, Maggie Hassan, Nicholas Burns, Burns, ”, we’re, Republican Sen, Bill Cassidy, Hassan, shouldn't Organizations: BEIJING, U.S, New, New Hampshire Democrat, Republican Locations: Beijing, China, America, U.S, New Hampshire, Louisiana, United States

☆ ChatGPT boss Sam Altman says he's had an 'internet troll streak'
▼ + stars: | 2023-10-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

OpenAI boss Sam Altman discussed his social media habits on a recent episode of Joe Rogan's podcast. Altman confessed to sometimes having an "internet troll streak," but says he tries to limit it. Altman said he has "more of an internet troll streak than I would like to admit" on a recent episode of Joe Rogan's podcast. They just may talk about it less, he surmised, noting that he's also deleted "a bunch" of social media apps on his phone. And some studies have suggested social media can exacerbate political divides.

Persons: Sam Altman, Joe Rogan's, Altman, —, Rogan, he's, — Altman, OpenAI Organizations: Service

Hurd failed to qualify for both the first GOP debate in Milwaukee in August and the second debate the following month in Simi Valley, California. “America is at a crossroads and it’s time to come together and make Joe Biden a one-term president,” Haley wrote on X in response to Hurd's endorsement. Hurd was hoping to resonate with voters seeking a pro-business Republican with a strong national security background who was also unafraid to seek bipartisan consensus. “President Biden can’t solve these problems — or won’t,” Hurd said in his announcement video. “Donald Trump is running to stay out of prison,” Hurd declared at a July GOP dinner in Iowa.

Persons: —, Will Hurd, Nikki Haley, Donald Trump, “, Biden, ” Hurd, Haley, Hurd, Joe Biden, ” Haley, Miami Mayor Francis Suarez, Hurd wasn’t, ”, Texas ’, Trump, wasn’t, Biden can’t, Donald Trump —, “ Donald Trump Organizations: WASHINGTON, — Former Republican Texas, GOP, Twitter, United Nations, Trump, Republican, Miami Mayor, Republican National, Republican Party, RNC, CIA, Texas, ”, Biden, U.S, “, Senate, White Locations: U.S, South Carolina, Milwaukee, Simi Valley , California, “ America, Pakistan, San Antonio, El Paso, Texas, Mexico, Iowa

☆ American kids are facing an epidemic of loneliness. Overhauling youth sports could help fix that.
▼ + stars: | 2023-10-08 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +14 min

AdvertisementAdvertisementA Hooptown Youth League game. While Americans of all ages are vulnerable to loneliness, young people are particularly at risk. Data on grade-school-aged children is limited in the US, but research in other countries has found that young children aren't immune to these problems. One of the few studies to explore sports participation's connection to youth loneliness was conducted by European researchers in 2019. A Hooptown Youth League game.

Persons: —, Nancy Curtin's, we'd, Mike Nilson, Gonzaga University's, Nilson, Chris Elam, It's, Vivek Murthy, General's, John Ewing, they're, There's, Charlie Riedel, Matt Hoffmann, Hoffman, Jon Solomon, — Solomon, David J, Phillip Solomon, Solomon, Curtin Organizations: Service, Hooptown, League, YMCA, Amateur Athletic Union, AAU, Portland Press, Getty, Sports, Fitness Industry Association, National Federation of State High School, Team, Kansas City Royals, Oakland Athletics, Cal State Fullerton, Aspen Institute's Sports, Society Program, Aspen Institute, CDC, rec, Aspen, Spokane — Locations: Oregon, Spokane , Washington, Spokane, Kansas City, Mo

☆ Loneliness and inflation are pushing Gen Z away from dating
▼ + stars: | 2023-10-07 | by ( Phil Rosen | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Expensive dates, inflation, and loneliness are weighing on Gen Zers seeking romantic connections. AdvertisementAdvertisementBecause Gen Z grew up with Facebook, Instagram, and other social platforms, many 20-somethings have grown accustomed to instant connection. To that point, dozens of Gen Zers told Insider they're putting more effort into friendships and nonromantic social events to combat loneliness. Inflation hovered at 3.7% year over year in August, nearly double the 2% rate policymakers want, and it's weighing on Gen Z wallets. "Gen Z wants to find people in natural, organic contexts as friends first, and if something romantic happens, that's great," Lerner said.

Persons: Zers, Gen Zers who'd, —, Marianne Simpson, she'd, Simpson, Vivek Murthy, Z, Kellie Ammerman, Ammerman, Karin Kimbrough, LinkedIn's, Tinder, Bumble, Taylor Price, Price, daters, Gen, Cliff Lerner, Gen Z, Lerner, Andrew Yeung, Yeung, Maxine Williams, Williams, We're Organizations: Service, New, Facebook Locations: New York City, America

☆ The rise of AI girlfriends is making male loneliness worse and risks ruining a generation of men, a professor says
▼ + stars: | 2023-10-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The availability of AI girlfriends is making male loneliness worse, Professor Liberty Vittert says. So, when one of her male students said he had an AI girlfriend she was taken aback. "I think AI girlfriends have been around for a while but they've become increasingly more mainstream so people are willing to talk about them." AI virtual companions have been on the rise since the pandemic but recent developments in generative AI have put them in the spotlight. "We're going from AI girlfriends who you text with to ones you can send pictures with.

Persons: Liberty Vittert, —, they've, Caryn Marjorie, Vittert, it's, They're Organizations: Service, Olin Business School, Pew Research Center

CNN —Morocco and Algeria have introduced measures to limit the risk of bedbug infestation, as France reportedly grapples with a surge in numbers of the blood-sucking insect. The Moroccan health ministry “has taken all appropriate measures to limit the risk of introduction and spread of this insect on the national territory,” Moroccan state news agency MAP reported on Wednesday. The ministry is reinforcing “health surveillance” at borders and is monitoring the health and environmental situation in “bedbug-affected areas,” MAP said. It has also made a series of recommendations relating to international travel for citizens, MAP added. The Algerian health ministry has also decided to implement health regulations and monitoring centers at its borders.

Persons: “, bedbugs, Clément Beaune, ” Organizations: CNN —, MAP, Transport, Clément, CNN, bedbugs, National Institute for Locations: CNN — Morocco, Algeria, France, Moroccan, “, Morocco, Algerian

SAN FRANCISCO (AP) — Vice President Kamala Harris and Senate Majority Leader Chuck Schumer will be among those delivering remarks at Thursday’s memorial for the late U.S. Sen. Dianne Feinstein on the steps of San Francisco City Hall, where she served as the city’s first female mayor. She wasn’t afraid to go after what she wanted,” said Lawanda Carter, 48, of San Francisco. Former U.S. House Speaker Nancy Pelosi, also of San Francisco, and Mayor London Breed were among the officials who paid their respects. Gavin Newsom, himself a former San Francisco mayor, and former California Gov. She steered San Francisco through the HIV and AIDS crisis, bringing attention to an epidemic ignored by President Ronald Reagan.

Persons: Kamala Harris, Chuck Schumer, Sen, Dianne Feinstein, Feinstein, ”, Lawanda Carter, ” Carter, Feinstein’s, Nancy Pelosi, Adam Russell, Joe Biden, Pelosi, Feinstein's, Eileen Mariano, Gavin Newsom, Jerry Brown, Barbara Boxer, ” Feinstein, George Moscone, Harvey Milk, Georgia Otterson, Feinstein wasn’t, “, Joan Baez, ” Otterson, Ronald Reagan, —, Newsom —, Breed, ” Breed, Dorothy Hudson, Cari Donovan, ” Donovan, “ I’m, Randy Herschaft, Christopher Weber Organizations: FRANCISCO, —, San, San Francisco City Hall, City Hall, Former U.S, Mayor London Breed, D.C, San Francisco, California Gov, U.S, U.S . Senate, Supervisors, Democratic National Convention Locations: U.S, San Francisco, Washington, San, Georgia, Castro District, Francisco, ” San Francisco, New York, Los Angeles

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