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☆ 12-year-old Suborno Isaac Bari, from New York, heads to college after graduating high school
▼ + stars: | 2024-06-30 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +5 min

“I hope to graduate college at 14 in spring 2026,” said Suborno, who recently became the youngest graduate from his Long Island high school. His high school uses a 100-point GPA scale rather than a 4.0 scale, says Suborno, who shared he earned around a 96 GPA for his first year of high school and a 98 for his second and final year. His father Rashidul teaches physics at Brooklyn Technical High school and his mother Shaheda is an elementary school teacher. “So I told my wife, ‘OK, there is nothing surprising here, he probably did it to capture attention,’” Rashidul Bari said. “That gives him lots of chances to have conversations with different levels of expertise, students, faculties, college presidents, so many people,” Rashidul Bari said.

Persons: Suborno Isaac Bari, he’s, ”, Suborno, tween, “ You’ve, Shaheda, Rashidul, “, ” Rashidul Bari, ‘, Rashidul Bari, Shaheda Bari, Refath, ’ ” Rashidul Bari, Barack Obama, “ It’s, I’ll Organizations: CNN, New York University, Malverne High School, WABC, NYU, Stony Brook University, City University of New, Brooklyn College, Brooklyn Technical, Mumbai University, Brown University, Mensa, NYU – Locations: India, Nassau County , New York, New York, City University of New York, Bari, “, Shaheda Bari, Rashidul Bari, Refath Bari

☆ Insider Today: Wall Street recruiting hell
▼ + stars: | 2024-06-30 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Become an Insider and start reading now. One senior partner at McKinsey told Business Insider that helping clients use generative AI might become most of the firm's work in the future. Alexsl, Tovovan/Getty Images, Abanti Chowdhury/BIGoogle's Gen Z studyResearchers at Jigsaw, a subsidiary of Google, unearthed alarming findings about Gen Z's internet habits. W6/Getty Images; Jenny Chang-Rodriguez/BIPE "Hunger Games"Private equity's annual recruiting process kicked off earlier than ever this year, sending young bankers into a frenzy.

Persons: —, Jenny Chang, Rodriguez, They're, Goldman Sachs, Ashley Kostial, Taylor Glascock, She's, Alberto Miranda, Pong, It's, Abanti Chowdhury, Gen Z, influencers Organizations: Service, Business, Software, Venture, Consulting, McKinsey, SAP, BI, Aetna, Cognition, NFL, Google, Getty Locations: New York City, America, Silicon Valley

☆ The Cost of a Psychic Is a Window Into Americans' Spending Habits
▼ + stars: | 2024-06-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

For $25, which wound up being $30 because she didn't have change, Jessica told me my fortune. That psychic is also a pet psychic, which is not Katy's jam. Once, after an accident on her block in Chicago, Katy used a psychic to ensure the person had crossed over. Another time, she bought a bunch of bath oils in New York after a psychic told her she was cursed. In a consumerist society, of course some people are willing to pay to commune with the afterlife.

Persons: I'm, Jessica, IBISWorld, upselling, It's, that's, spellwork, Lisa Stardust, who's, Neil Dagnall, Ken Drinkwater, Dagnall, Drinkwater, —, Jane Risen, Risen, it's, what's, they're, Cleo, Peter Popoff, they'd, Ralph Lewis, There's, we're, Lewis, I've, Katy who's, Katy, Taylor Swift, Emily Stewart Organizations: Pew Research Center, what's, Manchester Metropolitan University, University of Chicago's Booth School of Business, Federal Trade Commission, intel, University of Toronto, Business Locations: Manhattan, New York, Chicago

CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.

Persons: ”, Kent Barnett, —, Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, “, Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, “, Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles

☆ Activist Jana has a stake in Rapid7. There are two paths to bolster value at the cybersecurity company
▼ + stars: | 2024-06-29 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.

Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7

☆ Oral dissents are back in vogue at the Supreme Court as liberals lament latest rulings
▼ + stars: | 2024-06-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +9 min

CNN —As the conservative Supreme Court majority has won case after case in recent days, liberal dissenters are having their moment in the courtroom. Other justices stared out at spectators or down at notes, perhaps anticipating the next opinions, and dissents, to be revealed. The court majority reversed a 1984 milestone that required judges to defer to reasonable agency interpretations of their congressional mandates. Her oral dissent lasted nearly 15 minutes, about five minutes longer than Roberts’ rendition of the majority opinion. They begin with the author of the majority opinion delivering the facts of the case, law involved, and the resolution.

Persons: Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Neil Gorsuch, Sotomayor, ”, “, ” Gorsuch, John Roberts, Kagan, Roberts, They’ve, Kagan’s, ” Kagan, Roe, Wade, Gorsuch, Sotomayor’s, Antonin Scalia, Jackson, Amy Coney Barrett, Barrett, improvidently, Samuel Alito, Clarence Thomas, ” Alito, Biden, chiding Organizations: CNN, Friday, Natural Resources Defense, “, Securities and Exchange Commission, SEC, US Justice Department, Labor, Conservative Locations: Oregon, Grants, American, Idaho

☆ Opinion | Conservatives Took Another Big Step to Consolidate Power in the Supreme Court
▼ + stars: | 2024-06-29 | by ( Kate Shaw | ) www.nytimes.com time to read: +1 min

The court’s decision in Loper Bright Enterprises v. Raimondo, which overruled the 40-year-old Chevron v. Natural Resources Defense Council, won’t affect Americans’ lives in as stark and immediate a way as the 2022 decision overruling Roe v. Wade. But like Dobbs v. Jackson Women’s Health Organization, Loper Bright has the potential to fundamentally transform major aspects of the health, safety and well-being of most Americans. That’s especially true when it is viewed alongside some of the other major cases about agency power the court has handed down in recent terms — and indeed in recent days — that have stripped agencies of power and shifted that power directly to federal courts. Just this week, the court eliminated a key mechanism used by the Securities and Exchange Commission to enforce securities laws and enjoined an important Environmental Protection Agency emissions standard based on, in the words of Justice Amy Coney Barrett in dissent, an “underdeveloped theory that is unlikely to succeed on the merits.”Out of the 1984 Chevron decision came the doctrine of Chevron deference. In essence, Chevron deference allowed agencies to use their expertise to determine how to carry out laws passed by Congress — laws intended to keep our air and water clean, our drugs safe and effective, and our securities markets protected from fraud and deception.

Persons: Raimondo, ’, overruling Roe, Wade, Dobbs, Loper Bright, Amy Coney Barrett Organizations: Loper Bright Enterprises, Natural Resources Defense Council, Jackson, Health Organization, Securities and Exchange Commission, Environmental Protection Agency, Congress Locations: Chevron

We have everything you need to know about where to watch a free Glastonbury live stream wherever you are in the world. How to watch Glastonbury in the UKCoverage is spread across multiple BBC channels on TV throughout the weekend. Naturally, entire sets from the headliners Dua Lipa, Coldplay, and SZA will be shown live on TV and online. How to watch Glastonbury live stream from anywhere for freeIf you try to live stream Glastonbury via the iPlayer from abroad, you'll find you're geo-blocked due to your location. BBC TV Glastonbury 2024 scheduleAll the times below are in BST for the live streams scheduled on various BBC broadcast channels.

Persons: you've, Shania Twain, you'll, ExpressVPN, Paul Heaton, PJ Harvey, Corinne Bailey Rae, Keane, Nitin Sawhney, Jessie Ware, Steve, Paloma Faith, Twain, Brittany Howard Organizations: Business, Dua Lipa, Coldplay, BBC, Glastonbury, Wimbledon, BBC2, Sugababes, BBC4, BBC1, Party, Twain BBC1, Steel, Brittany Locations: England, Glastonbury, Dua, Dua Lipa

☆ Princess Anne Returns Home From the Hospital
▼ + stars: | 2024-06-28 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

Princess Anne, the younger sister of King Charles III, was released from a hospital on Friday, five days after suffering a concussion and other injuries in an accident at her country residence, northeast of Bristol, England. Anne, 73, was hospitalized on Sunday after the incident, according to Buckingham Palace, which announced her release. Officials have been vague about what happened but have said they believe it involved some kind of impact with horses on the estate, Gatcombe Park. It was not clear whether Anne remembers the incident or whether they were any witnesses to it. On Monday, the palace said Anne would “make a full and swift recovery” and was being treated at in Southmead Hospital as “a precautionary measure for further observation.” But her husband, Timothy Laurence, visiting her a day later, acknowledged that her recovery, while steady, had been “slow.”In statement on Friday, Mr. Laurence said, “I would like to extend my warmest thanks to all the team at Southmead Hospital for their care, expertise, and kindness during my wife’s short stay.”

Persons: Princess Anne, King Charles III, Anne, “, Timothy Laurence, Laurence, ” Organizations: Southmead Hospital Locations: Bristol, England, Buckingham, Southmead

☆ Why ESPN's rival to FanDuel and DraftKings is flailing — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. Even Fanatics, the industry's other major recent disrupter, hasn't made much of a dent in DraftKings' and FanDuel's dominance. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. How ESPN Bet can make a comebackPenn could still be successful if it improves its product and spends less money on acquiring new customers, the analysts said. Jonas said if Boyd acquires Penn, it would be a sizable shift in strategy for their management, team, and board.

Persons: —, FanDuel, Dan Wasiolek, Will Wyatt, Penn's, Jay Snowden's, Boyd, Penn, ESPN Bet's, hasn't, it's, Barry Jonas, Scott Van Pelt, Stephen A . Smith, ESPN Bet, Penn doesn't, Jonas, EKG, Snowden, Wasiolek, they'll Organizations: Service, ESPN, Penn Entertainment, Business, ESPN Bet, Morningstar, Donerail Group, Barstool Sports, Penn, Reuters, Boyd Gaming, Truist Securities, Barstool, ESPN Bet's, NFL, Management Locations: Barstool, Penn, Pennsylvania, Eilers

☆ The Big Number: $5 Billion
▼ + stars: | 2024-06-28 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

Volkswagen, the German car company, said this week that it would invest up to $5 billion in Rivian, the American electric vehicle manufacturer that makes electric pickup trucks, sport utility vehicles and delivery vans. The deal will help Rivian, which has never turned a quarterly profit, make more electric vehicles and help convince investors of its stability. Rivian, which was founded in 2009 as Mainstream Motors, had billions in investments by 2021, including from Amazon, BlackRock and Ford. But as the case with many new electric vehicle companies, Rivian has also experienced hiccups in trying to ramp up to production, made harder by supply chain issues during the pandemic. In March, Rivian said it would pause construction of a $5 billion factory in Georgia to save money.

Persons: Rivian Organizations: Volkswagen, Motors, Amazon, BlackRock, Ford Locations: Rivian, Georgia, Normal

☆ Why ESPN's sports-betting app is falling behind — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The future of ESPN's sports-betting app is now in question amid mounting losses and an activist investor push at partner Penn Entertainment that has prompted sale rumors. The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. "Testers liked ESPN Bet's UX and minty aesthetic but felt the app lacked depth (particularly more extensive features)," EKG wrote in May. "Product is one thing, and I would say having expertise in how to target users effectively to lower your acquisition costs and your retention costs" is key for the ESPN Bet app to compete, Wasiolek said.

☆ Princess Anne is out of hospital and recuperating at home after suffering head injury
▼ + stars: | 2024-06-28 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +1 min

The Princess Royal, 73, had been injured while walking near horses at the royal estate, in Gloucestershire, western England, on Sunday evening. Anne will continue to rest and recover at home and return to public engagements when her medical team recommends it is safe and comfortable to do so, the source told CNN. He said in a statement, “I would like to extend my warmest thanks to all he team at Southmead Hospital for their care, expertise and kindness during my wife’s short stay,. The exact circumstances that led to the Princess Royal’s injuries were not clear but previously her medical team said that her head injuries were consistent with a potential impact from a horse’s head or legs. Emergency services were sent to the estate and, after medical care at the scene, she was transferred to Southmead Hospital in Bristol for appropriate tests, treatment and observation.

Persons: Anne, King Charles III, Princess Royal, Tim Laurence, “ Organizations: London CNN, CNN, Southmead Hospital Locations: Gloucestershire, England, Bristol

☆ Live Updates: Supreme Court Overrules Chevron Doctrine, Imperiling an Array of Federal Rules
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +12 min

But that gave too much power to unelected government officials, according to conservatives, who ran a coordinated, multiyear campaign to end the Chevron doctrine. The Environmental Protection AgencyEnvironmentalists fear that the end of the Chevron doctrine will mean the elimination of hundreds of E.P.A. “I would expect the industry to attack the F.D.A.’s authority to do premarket review at all,” said Desmond Jenson, deputy director of the commercial tobacco control program at the Public Health Law Center. Others noted the Chevron decision could have a chilling effect, compelling the F.D.A. “The Supreme Court has not relied on Chevron in quite a few years,” she said.

Persons: ”, Lisa Heinzerling, Donald J, Trump, Mandy Gunasekara, President Trump, Jonathan Berry, doesn’t, ” Rather, Berry, ” Mr, Chevron, Biden, Garden, “, Desmond Jenson, Nicholas Bagley, Rachel Sachs, Louis, Abbe R, Gluck, Ms Organizations: Georgetown University, “, Congress, Labor, Act, Republican, Trump, Chevron, Labor Department, Mr, Environmental Protection Agency, Biden, University of Minnesota, The National Labor Relations Board, Food, Drug Administration, Public Health Law Center, Health, Affordable Care, University of Michigan, Washington University School of Law, Department of Health, Human Services, Centers, Medicare, Services, Yale Law School, Treasury, Internal Revenue, Treasury Department, Internal Revenue Service Locations: Chevron, St

☆ Shadow AI is a growing threat. Here are 3 ways organizations can safeguard their data.
▼ + stars: | 2024-06-28 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Shadow AI, or the unsanctioned use of technologies such as GenAI, has emerged as a critical threat for organizations trying to secure corporate IP and data. For organizations getting started with GenAI, it's important to understand why shadow AI is dangerous to best identify how to address it. Why shadow AI presents a credible threatMicrosoft and LinkedIn report1 that 78% of employees are "bringing their own AI technologies to work," (BYOAI) a softer way of describing shadow AI. Shadow IT and shadow AI share the same low barrier to entry and platform dynamics. Dell Technologies is a leader in the growing open ecosystem that is helping organizations build, test, and deploy GenAI services.

Persons: Clint Boulton, ESG, RAG Organizations: Microsoft, LinkedIn, Research, Enterprise Strategy Group, Amazon Web, Dell Technologies, Dell, Insider Studios

☆ A self-employed Gen Zer shares why you should have multiple income streams no matter who you work for
▼ + stars: | 2024-06-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Rachel Wells, 24, is fairly new to being fully self-employed after a contract job got cut short and a tough job search. Wells is a career coach under her business, Rachel Wells Coaching, and writes articles as a Forbes contributor, among other self-employed income streams. Why one should have multiple income sourcesWells finds it important to diversify income sources regardless of who employs you — whether working for yourself or an employer. Wells also finds your income streams can be in the same type of work. "Never be so comfortable and cushy within your role that you don't seek to develop yourself outside of the job," Wells said.

Persons: Rachel Wells, Wells, I've, she's, Wells doesn't Organizations: Service, Business, Forbes, YouTube

☆ Supreme Court overturns 1984 Chevron precedent, curbing power of federal government
▼ + stars: | 2024-06-28 | by ( John Fritze | ) edition.cnn.com time to read: +4 min

CNN —The Supreme Court on Friday significantly weakened the power of federal agencies to approve regulations in a major decision that could have sweeping implications for the environment, public health and the workplace. But the decision will net a far wider swath of federal regulations affecting many facets of American life. The decision overturns the Chevron v. Natural Resources Defense Council precedent that required courts to give deference to federal agencies when creating regulations based on an ambiguous law. The justices have been incrementally diminishing federal power for years, but the new case gave the court an opportunity to take a much broader stride. The Supreme Court had been trending in that direction for years, knocking back attempts by federal agencies in other contexts to approve regulations on their own.

Persons: Chevron, John Roberts, ”, Neil Gorsuch, Elana Kagan, ” Kagan, Biden, Trump Organizations: CNN, Commerce Department, Chevron, Natural Resources Defense, Environmental Protection Agency, Conservatives Locations: Chevron, Washington

☆ SCOTUS seems determined to dismantle the administrative state. It will make regulating major industries tougher.
▼ + stars: | 2024-06-28 | by ( Natalie Musumeci | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Then, according to Hockett, the case would be heard by an administrative court. Straight to federal court. "These two rulings largely amputate the two most important arms that our regulatory agencies use every day in overseeing our industrial economy," Hockett said. AdvertisementIn overturning the Chevron doctrine in a 6-3 decision, the high court has hamstrung federal agencies' regulatory powers. Panuccio said that he supported the decisions and called them "important checks on administrative power."

Persons: —, Elena Kagan, Robert Hockett, SCOTUS, Friday's, Hockett, John Roberts, Roberts, Jonathan Siegel, Siegel, Jarkesy, It's, Rachel Weintraub, Weintraub, Jesse Panuccio, Trump, Panuccio Organizations: Service, United States, Securities, Exchange, Business, Cornell University, Environmental Protection Agency, EPA, Chevron, Natural Resources Defense Council, SEC, George Washington University, Coalition, Sensible Locations: North America

☆ Weakening Regulatory Agencies Will Be a Key Legacy of the Roberts Court
▼ + stars: | 2024-06-28 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

Twice in two days, the Supreme Court’s conservative supermajority has issued sweeping rulings that cut against established precedents and will hamstring the ability of regulatory agencies to impose rules on powerful business interests. On Friday, the six Republican-appointed justices overturned a 40-year-old foundational part of administrative law, the Chevron doctrine, which will make it easier to successfully challenge regulations in court by eliminating a requirement that courts defer to the expertise of federal agencies in interpreting their laws. The day before, the justices had struck down a key practice used by many agencies to enforce rules via in-house tribunals, rather than suing accused malefactors in federal court before juries. Each decision turned on a different rationale, but both pointed in the same direction: eroding the power of the federal regulatory bureaucracy. And the pair of decisions are only the most recent notes to sound that theme, making clear that the current majority’s pursuit of a deregulatory agenda will be part of its legacy.

Persons: malefactors Organizations: Republican Locations: Chevron

☆ Supreme Court Overrules Chevron Doctrine, Imperiling an Array of Federal Rules
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court on Friday reduced the authority of executive agencies, sweeping aside a longstanding legal precedent that required courts to defer to the expertise of federal administrators in carrying out laws passed by Congress. The precedent, Chevron v. Natural Resources Defense Council, is one of the most cited in American law. There have been 70 Supreme Court decisions relying on Chevron, along with 17,000 in the lower courts. The decision threatens regulations in countless areas, including the environment, health care and consumer safety. The vote was 6 to 3, dividing along ideological lines.

Organizations: Congress, Chevron, Natural Resources Defense Council Locations: Chevron

☆ Opinion | The Supreme Court Thinks That by Arguing More, We Can Be Less Divided
▼ + stars: | 2024-06-28 | by ( Yuval Levin | ) www.nytimes.com time to read: +1 min

With its decision in Loper Bright Enterprises v. Raimondo on Friday, the Supreme Court has put new limits on how government regulators can interpret the law. The court’s decision will limit the power of federal agencies like the Environmental Protection Agency, the Federal Communications Commission and the Food and Drug Administration to interpret the laws they administer — as, for example, in the E.P.A.’s mandating reduced emissions from power plants on the basis of its own interpretation of the Clean Air Act. This decision has set off alarms for some, but it actually points the way toward a role for the courts that is less divisive — because it pushes everyone in our system, including judges and Congress, toward their proper constitutional work. By narrowing the so-called Chevron deference, the court has reasserted its authority over the meaning of vague legislation. Doing so may press Congress to make its law-writing more definitive and call on administrative agencies to apply substantive subject-matter expertise, rather than conjure the meanings of the laws they are meant to carry out.

Persons: Raimondo Organizations: Loper Bright Enterprises, Environmental Protection Agency, Federal Communications Commission, Food and Drug Administration, Act Locations: —

☆ How cleanliness can increase your restaurant's bottom line in 5 critical areas
▼ + stars: | 2024-06-27 | by ( Sponsor Post | Sponsored Ecolab | ) www.businessinsider.com time to read: +5 min

When it comes to reviewing a restaurant, cleanliness is one of the most critical concerns for guests. To maximize revenue, restaurant industry businesses should consider a holistic, company-wide approach to advancing a higher level of cleanliness. Employee turnover is reducedIt's no secret that employee churn is a challenge in the restaurant industry, with turnover rates reaching as high as 80%. However, after these seven businesses committed to the Ecolab Science Certified program, 72% of employees said this would "help them stay," further boosting the bottom line. For restaurant industry businesses, cleanliness is essential – it helps improve your online reviews, maintain a better relationship with the Health Department, increase foot traffic, and boost employee retention.

Persons: Ecolab Organizations: Ecolab, Health Department, ESC, Health Department Intelligence, CDC, FDA, Ecolab Science, Insider Studios Locations: Ecolab

☆ How a new adtech firm aims to help Amazon steal TV budgets
▼ + stars: | 2024-06-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Gigi is a startup that aims to make it easier for brands to buy and measure streaming video ads with Amazon. The firm also provides advertisers with granular metrics like the incremental reach of a TV ad campaign, Epstein said. AdvertisementAs third-party cookies go away, Gigi's pitch plays up brands' first-party data to create more effective Amazon ads. For example, a Shopify merchant can analyze data from their Shopify website with Amazon data to find audiences to target with ads. Gigi wants to work with agenciesThe bulk of Amazon ads are bought using traditional shopper marketing dollars, but Epstein said that his firm is squarely focusing on TV ad budgets.

Persons: —, Gigi, Adam Epstein, Epstein, Gigi Gigi Gigi, Omnicom, Capital, adtech execs, Mike Baker, Rosco Hill Organizations: Service, Amazon, Business, Amazon's, Wall, Amazon Marketing, AMC, Ascential, Ascential's, Golden Ventures, AperiamVentures Locations: Rosco

☆ The Supreme Court is poised to unleash a weapon against Biden's climate policies
▼ + stars: | 2024-06-27 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Climate advocates and business groups are closely watching the US Supreme Court this week. The court could issue a ruling that sharply curtails the federal government's power to regulate the environment, including President Joe Biden's climate policies. Legal experts say the Supreme Court, with its conservative majority, is likely to overturn or significantly limit the Chevron doctrine. Meanwhile, he added, administrative lawyers have been preparing for this very scenario at the Supreme Court. Biden's EPA hasn't relied on the Chevron doctrine to defend its climate rules.

Persons: Joe Biden's, Charles Koch, Chevron, Biden, isn't, Ronald Reagan, David Doniger, Reagan, Doniger, Obama, Neil Gorsuch, Elena Kagan, Trump Organizations: Service, Business, Action Institute, Environmental, Agency, Natural Resources Defense Council, Chevron, Trump, EPA, Republican, Supreme Locations: Chevron

☆ Rivian investor day focuses on cost reductions, efficiencies and next-generation EVs
▼ + stars: | 2024-06-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Shares of the company remain off by roughly 40% this year amid significant cash burn and slowdown in EV sales. Rivian on Thursday reconfirmed its 2024 guidance that included production of 57,000 vehicles and a path to positive gross profit during the fourth quarter, including regulatory credits. It also outlined longer-term growths, such as plans to achieve positive adjusted earnings before interest, taxes, depreciation and amortization in 2027. Volkswagen is expected to use Rivian's electrical architecture and software stack for vehicles beginning in the second half of the decade, Scaringe said Tuesday. A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.

Persons: RJ Scaringe, Rivian, Scaringe, Oliver Blume Organizations: Rivian Automotive, Volkswagen Group, Volkswagen

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