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NEW YORK (AP) — Michael Cohen once proclaimed he'd “take a bullet” for Donald Trump. Trump is expected to be in court for the highly anticipated testimony, detouring from his usual campaign haunts to the Manhattan courtroom for a sixth day this month. Trump attended the trial for two days last week — having planned the trip when it was expected that Cohen would be testifying. Trump is expected to testify later in the trial. James, a Democrat, has credited Cohen as the impetus for her civil investigation, which led to the fraud lawsuit being decided at the trial.

Persons: — Michael Cohen, he'd “, Donald Trump, Trump, detouring, Cohen, wasn't, ”, Letitia James, Arthur Engoron, Engoron, Trump’s, “, it’ll, president's Organizations: ” New York, Trump Organization, Trump, Democrat, Deutsche Bank, Buffalo Bills, Forbes, White Locations: Manhattan, Congress, Sisak, x.com

☆ A New Era of Psychedelics in Oregon
▼ + stars: | 2023-10-23 | by ( Mike Baker | More About Mike Baker | ) www.nytimes.com time to read: +1 min

In a carpeted office suite, Alex Beck settled onto a mattress and, under the watch of a trained guide, began chomping through a handful of “Pumpkin Hillbilly” mushrooms. Now he was ready for a different kind of journey, a psychedelic trip through the nether regions of his own mind. As he felt his thoughts starting to spin, his “facilitator,” Josh Goldstein, urged him to surrender and let the mushrooms guide him. Stigmatized in law and medicine for the past half-century, psychedelics are in the midst of a sudden revival, with a growing body of research suggesting that the mind-altering compounds could upend psychiatric care. Governments in several places have cautiously started to open access, and as Oregon voters approved a broad drug decriminalization plan in 2020, they also backed an initiative to allow the use of mushrooms as therapy.

Persons: Alex Beck, Beck, Josh Goldstein, “, ” Organizations: Marine Corps Locations: nether, Oregon

☆ Opinion | The People Who Broke the House
▼ + stars: | 2023-10-23 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

On Oct. 2, Mr. Gaetz filed the motion to vacate the speaker’s chair against Mr. McCarthy, just two days after Mr. McCarthy worked with Democrats to pass a stopgap bill to keep the government running through mid-November. A relatively moderate Republican representing a relatively moderate district in South Carolina, she was the striking outlier among the anti-McCarthy eight. She says Kev broke his word. “I made deals with Kevin McCarthy, with the speaker, that he has not kept to help women in this country. And we have done nothing for them,” she told reporters after the vote.

Persons: Matt Gaetz, Gaetz, McCarthy, Nancy Mace, Kev, Kevin McCarthy, ”, Mace, Ms, Scalise, Donald Trump Organizations: Republican Locations: Florida, South Carolina, Louisiana

CNN —Polls have closed in Argentina’s presidential elections, with the leading candidates highlighting sharp contrasts between the country’s political center and its margins amid a severe economic crisis. Inflation in Argentina has soared to 138%, Reuters reports, piling pressure on ordinary people trying to manage the cost of living. Bullrich holds up her marked ballot before putting it into the ballot box during primary elections in Buenos Aires, Argentina, Sunday, Oct. 22, 2023. Massa speaks to the press after voting at the polling station in Tigre, Buenos Aires, during the presidential election on October 22, 2023. Milei greets supporters before voting during general elections in Buenos Aires, Argentina, Sunday, Oct. 22, 2023.

Persons: Javier Milei, Patricia Bullrich, Sergio Massa, “, ” Laura Celiz, Alberto Fernández, ”, Bullrich, Gustavo Garello, Fabiana Cantilo, Massa, Emiliano Lasalvia, Cristina Fernandez de Kirchner, Milei, Rodrigo Abd, Milei’s Organizations: CNN, YouTube, Getty, International Monetary Fund, Milei Locations: Argentina, Buenos Aires, Tigre, AFP

Republican presidential candidate Florida Governor Ron DeSantis speaks at the New Hampshire Republican Party's First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. When Troy Scheuermann, a chiropractor in Van Buren County stood up to introduce DeSantis at a campaign stop in Keosauqua (pop. For farmer Lance Lillibridge of Benton County, Iowa, a personal touch from DeSantis, a politician not known for his warmth, is what secured his support. RURAL ROADSIn a recent three-day swing through Iowa, DeSantis traveled through Davis County (pop. The Trump campaign said it has identified 1,800 in-state volunteers to support the campaign, as well as 200 county chairs representing all 99 counties.

Persons: Ron DeSantis, Brian Snyder, Donald Trump, Trump, DeSantis, Nikki Haley, Mike Pence, Tim Scott, Troy Scheuermann, Scheuermann, “, ”, ” DeSantis, Van, Le Mars, Don Kass, Mike Van Otterloo, Van Otterloo, David Kochel, Jeb Bush, Mitt Romney, Kochel, Lance Lillibridge, Lillibridge, ” Lillibridge, Ted Cruz, Rick Santorum, Mike Huckabee, you’re, “ We’ve, Jessica Szymanski, Szymanski, James Oliphant, Gram Slattery, Nathan Layne, Ross Colvin, Claudia Parsons Organizations: Florida, New Hampshire Republican Party's, Nation Leadership Summit, REUTERS, Republican, Trump, Iowa, Ipsos, Iowa Republican, United Nations, Ukraine, PEOPLE Reuters, Reuters, Cream, Plymouth County, Supervisors, DeSantis, Iowa Corn Growers Association, Arkansas, “, PAC, White, Thomson Locations: Nashua , New Hampshire, U.S, , Iowa, Iowa, Florida, DeSantis, Van Buren County, Keosauqua, Van Buren, Le Mars , Iowa, Plymouth, Benton County , Iowa, China, Davis County, Buena Vista County

☆ Earth's mysterious core appears to be leaking, leaving scientists baffled
▼ + stars: | 2023-10-20 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

This could suggest the Earth's core is "leaking" helium. The study suggests the Earth's core may be leaking the rare helium, upheaving the belief that the giant ball of molten iron at the center of our planet is sealed away. AdvertisementAdvertisementWhat puzzled scientists in this latest study is just how much ³He was in the Baffin Islands lava olivine rocks. An illustration of Earth's core. AdvertisementAdvertisement"One important question is, assuming helium is leaking out of the core, whether any other elements also escape from the core?

Persons: Forrest Horton, Horton Organizations: Service, Oceanographic, Nature Locations: Baffin

Think Big America has already funded support for constitutional amendments favoring abortion access in Ohio, Arizona and Nevada. Fourteen states now ban abortion and debate elsewhere rages since the U.S. Supreme Court's June 2022 decision to upend the 50-year-old Roe v. Wade opinion that legalized abortion. "My commitment to protecting and expanding reproductive rights has been lifelong,” Pritzker, who has often recalled attending abortion-rights rallies with his mother as a child, said in a prepared statement. Political Cartoons View All 1211 ImagesDespite a long progressive agenda, there are few issues on which Pritzker has been more vocal than abortion access. "I’ve seen the governor’s commitment to expanding human, civil, and reproductive rights up close,” Rogers said in a statement.

Persons: J.B, Pritzker, Roe, Wade, ” Pritzker, Natalie Edelstein, Desiree Rogers, Barack Obama, Margaret Croke, Chicago Alderwoman Michelle Harris, Donald Trump, I’ve, ” Rogers, ” Organizations: Ill, —, Democratic, White House, Chicago, Republican, Assembly, Democrats Locations: SPRINGFIELD, — Illinois, Illinois, Ohio , Arizona, Nevada, U.S ., Chicago

WASHINGTON (AP) — The IRS plans to invite select taxpayers across 13 states to try out the agency's pilot electronic free file tax return system beginning in January. The agency estimates that hundreds of thousands of taxpayers will participate in the limited rollout of the program for the 2024 filing season. The IRS faces intense blowback from private tax preparation companies that have made billions from charging people to use their software. The introduction of a government-run option could upend the industry and fundamentally change the way taxpayers interact with IRS. The states are “really blazing the trail for this exciting project and finding a way for state filing to work within the context of this, ” Zucker said.

Persons: Daniel Werfel, ” Werfel, Werfel, ” Derrick Plummer, Joe Biden, Gabriel Zucker, ” Zucker, that’s, ” Organizations: WASHINGTON, IRS, Intuit, America, Arizona’s Department of Revenue, New York’s Department of Taxation, Finance, Taxpayers, “ Locations: Arizona , California , Massachusetts, New York, Alaska, Florida , New Hampshire , Nevada , South Dakota , Tennessee , Texas, Washington, Wyoming

[1/3] Simon Rubinstein, 17, casts his first vote ever, in the presidential primary election, in Buenos Aires, Argentina August 13, 2023. Argentina is one of a handful of Latin American countries that allows 16 and 17-year-olds the right to vote. Kremenchuzky, nicknamed "Toto," 17, is part of that teenage electorate. In an August open primary vote, Toto voted for conservative Patricia Bullrich - which he puts down to influence from his parents - but says he could shift his vote in October to Milei if the libertarian convinces him in election debates. However, Milei's conservative social views and promise of sharp cuts to government spending are off-putting to some young voters.

Persons: Simon Rubinstein, Magali, Tomas Kremenchuzky, Kremenchuzky, Toto, Javier Milei, thieving, He's, Patricia Bullrich, Milei, Rocio Pozzetti, Sergio Massa, Massa, Pozzetti, Noelle Chab, Rubinstein, Magali Druscovich, Lucila Sigal, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, Peronist, Milei, Bullrich, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine, Milei

GM will report third-quarter results Oct. 24, with Ford following on Oct. 26. The strikes have costing GM and Ford more than $500 million, JP Morgan analyst Ryan Brinkman estimated in a note Monday. Ford is now losing $44 million a day, while GM is losing $21 million a day, Brinkman estimated. GM and Ford shares have fallen sharply since July as the standoff with the UAW has intensified. GM has set up a new, $6 billion credit line as insurance against an expanded UAW strike.

Persons: Rebecca Cook, Morgan Stanley, Adam Jonas, Morgan, Ryan Brinkman, Ford, Brinkman, Shawn Fain, Fain, Mich, Farley, Tim Piechowski, Joe White, David Evans Organizations: Rouge Electric Vehicle, REUTERS, Rights, General Motors, Ford, United Auto Workers, GM, Ford's, Kentucky, Detroit, EV, UAW, Capital Research, Investments, Thomson Locations: Dearborn , Michigan, U.S, Ford's Kentucky, Marshall

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

☆ IMF says Asian economies under cosh as China's property woes bite
▼ + stars: | 2023-10-13 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

China's post-lockdown economic boost lost momentum earlier than expected, the IMF said. "On the downside, a more protracted real estate crisis and limited policy response in China would deepen the regional slowdown." A sudden tightening of global financial conditions could lead to capital outflows and weaken exchange rates in Asia, the blog added. "While Asia is still set to contribute about two-thirds of all global growth this year, it is important to note that growth is significantly lower than what was projected before the pandemic," the IMF said. The Bank of Japan (BOJ) had maintained a cap on the country's 10-year bond yield at around zero, to support a fragile economy.

Persons: Aly, Leika, John Stonestreet Organizations: China Evergrande Group, REUTERS, China, International Monetary Fund, IMF, Bank of Japan, Thomson Locations: Danzhou, Hainan province, China, Asia, MARRAKECH, Morroco, U.S, outflows, Marrakech, Japan

☆ Here's the 21-page pitch deck that Slope, a fintech looking to upend B2B payments, used to score $30 million from investors like OpenAI's Sam Altman
▼ + stars: | 2023-10-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Lin Murata worked at the business growing up, doing everything from sales to filing paperwork to working the cash register. "My parents, they're very old school, and all the existing solutions were excruciating to use, and we realized there was a real need for a frictionless B2B payments solution," said Lin Murata. It's a tall order to digitize B2B payments — companies ranging from middle-market companies and mom-and-pop shops have been notoriously hard to penetrate and spur technological change. Of the $125 trillion market for global B2B payments, only a fraction of transactions — less than $6 trillion according to Slope's pitch deck — occur online. The latest investment brings Slope's total funding to $187 million, with $62 million in equity and $125 million in debt capital.

Persons: Lawrence Lin Murata, Lin Murata, Alice Deng, Deng, Sam Altman, OpenAI's Sam Altman Organizations: Union Square Ventures, OpenAI's Locations: China, Brazil, Slope's

☆ US must be ready for simultaneous wars with China, Russia, report says
▼ + stars: | 2023-10-12 | by ( Jonathan Landay | ) www.reuters.com time to read: +3 min

The report from the Strategic Posture Commission comes amid tensions with China over Taiwan and other issues and worsening frictions with Russia over its invasion of Ukraine. A senior official involved in the report declined to say if the panel's intelligence briefings showed any Chinese and Russian nuclear weapons cooperation. The report contrasts with U.S. President Joe Biden's position that the current U.S. nuclear arsenal is sufficient to deter the combined forces of Russia and China. "The United States and its allies must be ready to deter and defeat both adversaries simultaneously," the Strategic Posture Commission said. It should also extend the operational lives of ballistic missile submarines and deploy more tactical nuclear weapons in Asia and Europe.

Persons: Ian Dudley, Madelyn, Jon Kyl, Joe Biden's, Jonathan Landay, Lisa Shumaker Organizations: Minuteman, Daylight, Vandenberg Air Force Base, . Air Force, REUTERS, Rights, Democratic, Republican, Thomson Locations: California, U.S, Handout, United States, Russia, China, Taiwan, Ukraine, Russian, Asia, Europe

☆ US Must Be Ready for Simultaneous Wars With China, Russia, Report Says
▼ + stars: | 2023-10-12 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

By Jonathan LandayWASHINGTON (Reuters) - The United States must prepare for possible simultaneous wars with Russia and China by expanding its conventional forces, strengthening alliances and enhancing its nuclear weapons modernization program, a congressionally appointed bipartisan panel said on Thursday. The report from the Strategic Posture Commission comes amid tensions with China over Taiwan and other issues and worsening frictions with Russia over its invasion of Ukraine. A senior official involved in the report declined to say if the panel's intelligence briefings showed any Chinese and Russian nuclear weapons cooperation. "The United States and its allies must be ready to deter and defeat both adversaries simultaneously," the Strategic Posture Commission said. If such measures are not taken, the United States "will likely" have to increase its reliance on nuclear weapons, the report said.

Persons: Jonathan Landay WASHINGTON, Madelyn, Jon Kyl, Kyl, Joe Biden's, Jonathan Landay, Lisa Shumaker Organizations: Democratic, Republican, Arms Control Association, Pentagon, Columbia Locations: United States, Russia, China, Taiwan, Ukraine, Russian, U.S, Asia, Europe

It comes amid criticism that the lending institutions are not taking climate change and the vulnerabilities of poor countries enough into account in their funding decisions. Dysfunctional because the system as a whole is too slow to respond to new challenges, such as climate change. Lee pointed to an IMF program that launched last year to help poor countries address problems like climate change. “The national policy to address climate change is lax — little or no focus is on climate change and the nexus between climate change and conflict in the Sahel is underappreciated,” Hassan said. “Go beyond the conflict itself to start prioritizing climate change as the root cause of the problem affecting these countries."

Persons: ”, William Ruto, Akinwumi Adesina, Moussa Faki, Patrick Verkooijen, Daniel Lee, Lee, Rwanda —, Carlos Lopes, It’s, Idayat Hassan, Ibrahim Audi, Femi, Lopes, ” Hassan, “, ” Mimiko, — Organizations: Global, International Energy Agency, International Monetary Fund, World Bank, New York Times, Kenyan, African Development Bank, African Union, IMF, Mandela School of Public, University of Cape, Center for Strategic, International Studies, Obafemi Awolowo University, Africa Climate Summit, International Rescue Committee, AP Locations: ABUJA, Nigeria, Africa, Africa's Sahel, Burkina Faso, Chad, Mali, Niger, Marrakech, Morocco, Rwanda, University of Cape Town , South Africa, Nigeria's, Katsina, Kenya

☆ Tesla keeps chopping prices, making its cars cheaper than even gas competitors
▼ + stars: | 2023-10-12 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Tesla is offering cars well below September's new car average transaction price of $47,899. Tesla's base Model 3 and Model Y are both less than that. Last month, new cars saw an average transaction price (ATP) of $47,899, according to Kelley Blue Book. New car prices have slowly but surely been improving as of late, but are still pretty costly. AdvertisementAdvertisementTo be sure, new car pricing is relatively flat year-over-year (down just $360 from September last year), while used car pricing is more nuanced.

Persons: Tesla, —, Kelley, Elon Musk's, there's Organizations: Service, Cox Automotive, Acura, Lexus, Infiniti, Volvo, stoke

In both cases the outcome would push the Fed from that "golden path" onto a far more familiar one: An economy buckling as borrowing costs rise and confidence wanes. "I don't think it is unavoidable" that joblessness will have to rise significantly for inflation to return to target, Dallas Fed President Lorie Logan said on Monday. But the most important thing is that we stay focused on restoring price stability, and I think that will require some rebalancing in the labor market." Her look at past periods of inflation and disinflation makes her think the labor market may still need a shock for the Fed to succeed. "As nice as it is to see a really strong labor market, when you are trying to get inflation down, that's not your friend."

Persons: Lorie Logan, Philip Jefferson, Austan Goolsbee, Jefferson, Christina Romer, Romer, Goolsbee, that's, Howard Schneider, Ann Saphir, Dan Burns, Paul Simao Organizations: DALLAS, Federal, National Association for Business Economics, Dallas, Chicago Fed, Treasury, University of California, White House's Council, Economic Advisers, Fed, Thomson Locations: U.S, Dallas, Israel, Palestinian, Berkeley

Smoke rises in the aftermath of rocket barrages that were launched from Gaza, in Ashkelon, Israel October 7, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsLAUNCESTON, Australia, Oct 9 (Reuters) - Crude oil prices spiked higher in the wake of a massive Hamas attack on Israel, but the relatively modest increase masks the risk of an escalating Middle East conflict. These reactions from two key leaders in the Middle East underscore just how the Hamas attacks are likely to upend relationships in the Middle East. Overall, what the attacks by Hamas have likely achieved, for now at least, is place a pause on moves to normalise political relationships across the Middle East. There is no certainty as to how the current situation will play out, but uncertainty and heightened risks are likely bullish for crude oil prices.

Persons: Amir Cohen, Brent, Benjamin Netanyahu, Ebrahim Raisi, Joe Biden, Biden, Sonali Paul Organizations: REUTERS, Rights, Brent, Hamas, Gaza, United Arab Emirates, U.S, Reuters, Thomson Locations: Gaza, Ashkelon, Israel, Rights LAUNCESTON, Australia, Israeli, Iran, Saudi Arabia, IRAN, Tehran, East, U.S, Saudi, Russia

☆ Middle East risks prospect of fresh regional war after Hamas stealth attack on Israel
▼ + stars: | 2023-10-09 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

"To take out the leadership of Hamas, it is not going to be a matter of days or weeks. "The Israelis are going to war," Bremmer told CNBC on Monday. Ghazi Hamad, a Hamas spokesman, reportedly told the BBC that the group had direct backing for the attack from Iran. "Nobody would consider that to be hard evidence at this point," Bremmer told CNBC. Normalization no moreThe weekend attacks on Israel by Hamas militants could potentially upend efforts brokered by the United States to normalize ties between Saudi Arabia and Israel.

Persons: Ian Bremmer, Bremmer, there're, Benjamin Netanyahu, Aqsa, Netanyahu, Ghazi Hamad, Brian Katulis, Katulis, Hamad, Al Organizations: Hamas, Eurasia Group, CNBC, Israel, European Union, Anadolu Agency, Getty, West Bank, Palestinian National Authority, Iran, BBC, Street, U.S, NBC News, Brian Katulis Middle, Iran's, Guards, Middle East Institute Locations: Israel, Gaza, Israeli, Palestinian, United States, Australia, United Kingdom, Japan, Rafah, Palestine, —, Iran, Beirut, Lebanon, Shebaa Farms, Lebanese, Syrian, Golan, Washington, Saudi Arabia, Al Jazeera

☆ Opinion: The Hamas attacks could prevent a diplomatic breakthrough
▼ + stars: | 2023-10-07 | by ( Peter Bergen | ) edition.cnn.com time to read: +5 min

In the past, Israel has exchanged large numbers of Palestinian prisoners for Israelis held by Hamas. Indeed the Abraham Accords did not do much of anything for the Palestinians. Also, both Israel and Saudi Arabia have a strong common interest today, both seeing Iran as their most dangerous enemy. Iran has also provided support to Hamas, according to the US State Department, in a 2020 report on terrorism. They are betting on a losing horse.”And on Saturday, Khamenei’s top military adviser said that Iran supported Hamas attacks in Israel “until the liberation of Palestine and Jerusalem.”

Persons: Peter Bergen, ”, Abraham, Donald Trump’s, Jared Kushner, Kushner, Trump, Biden, Islam —, Prince Mohammed bin Salman, King Salman, Ayatollah Ali Khamenei, Israel “ Organizations: New, Arizona State University, Apple, Spotify, CNN, Trump Administration, Abraham Accords, United Arab, Israel, Trump, Saudi, MBS, Fox News, US State Department, Iranian Locations: New America, Gaza, Israel, United Arab Emirates, Bahrain, Morocco, Sudan, Tel Aviv, Jerusalem, East Jerusalem, Saudi Arabia, Saudi, Israeli, Islam, Kippur, Egypt, Syria, Iran, Palestine

In that case, Britain accused Russia of an assassination attempt on its soil and expelled 23 Russian diplomats from the country. For its part, the U.S. expelled 60 Russian diplomats and ordered the closure of Russia's consulate in Seattle in solidarity with its British ally. If asked by Canada to expel a large number of Indian diplomats, these officials said, the U.S. would have little choice but to comply. This week, India told Canada to remove 41 of its 62 diplomats in the country, ramping up the confrontation. Trudeau and other Canadian officials, including Foreign Minister Melanie Joly, have hinted that Canada won't take reciprocal measures.

Persons: —, Biden, Justin Trudeau's, Narendra Modi, Joe Biden, Sergei Skripal, Trudeau, “ I’m, we're, ”, Danny Russel, Barack Obama’s, Modi, Melanie Joly Organizations: WASHINGTON, Publicly, Canadian, U.S, NATO, Asia Society Policy Locations: Canada, India, U.S, Vancouver, Russia, Iran, Saudi Arabia, North Korea, Pacific, United States, Ukraine, China, Australia, Japan, Salisbury, England, Britain, Seattle, St . Petersburg, Indian, British, New York, New Zealand, New Delhi, Washington

☆ Ozempic isn't the existential threat food companies think it is — yet
▼ + stars: | 2023-10-06 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Food companies fear soaring Ozempic sales could hurt their bottom lines. AdvertisementAdvertisementExecutives at America's biggest food companies can't stop talking about Ozempic . And early data suggests that Ozempic sales will have some impact on the food industry. AdvertisementAdvertisementFor example, if consumers begin to prefer smaller portions, food companies have time to adjust their package sizes, and restaurants have time to modify their menus. "This is not an existential threat to the food industry," he said.

Persons: —, Doug McMillon, Arun Sundaram, Morgan Stanley, Walmart's John Furner, Steve Cahillane, Rice Krispies, Jefferies, Sundaram, David M, Gordon, Ozempic Organizations: Service, America's, Nordisk, North, Walmart, Bloomberg, Wall, Cheesecake

☆ Trump endorses Jim Jordan for House speaker, testing the strength of his power
▼ + stars: | 2023-10-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Trump has endorsed Rep. Jim Jordan of Ohio to be the next Speaker of the House. AdvertisementAdvertisementFormer President Donald Trump, early on Friday morning, endorsed Republican Rep. Jim Jordan of Ohio to be the next Speaker of the House, testing his ability to bring calm to Congress after a week of chaos. Trump's endorsement will likely upend the campaign to replace former House Speaker Kevin McCarthy, who was unceremoniously ousted earlier this week. Right now, the race is largely between Jordan, the chairman of the House Judiciary Committee, and House Majority Leader Steve Scalise. AdvertisementAdvertisementIn Jordan, Trump is backing a staunch conservative fighter.

Persons: Trump, Jim Jordan of, Jordan, Steve Scalise, —, Donald Trump, Jim Jordan, Kevin McCarthy, Joe Biden, Jordan's, Jim, Biden, Hunter, McCarthy Organizations: Service, Republican, Congressional, Committee, Republicans, Ohio State, Ohio Republican, GOP Locations: Jim Jordan of Ohio, Washington, DC, East Coast, Jordan, stoke, Benghazi, Ukraine

At issue is RISC-V, pronounced "risk five," an open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings (O9Ty.F). RISC-V can be used as a key ingredient for anything from a smartphone chip to advanced processors for artificial intelligence. The RISC-V technology came from labs at the University of California, Berkeley, and later benefited from funding by the Pentagon's Defense Advanced Research Projects Agency (DARPA). Its executives said in August they believe RISC-V will speed up chip innovation and transform the tech industry. Jack Kang, vice president of business development at SiFive, a Santa Clara, California-based startup using RISC-V, said potential U.S. government restrictions on American companies regarding RISC-V would be a "tremendous tragedy."

Persons: Florence Lo, Joe Biden's, Marco Rubio, Mark Warner, Mike Gallagher, Biden, Michael McCaul, McCaul, " Rubio, Warner, Jack Kang, Kang, Kevin Wolf, Akin Gump, Barack Obama, Wolf, Max A, Cherney, Stephen Nellis, Will Dunham, Kenneth Li Organizations: REUTERS, U.S ., Arm Holdings, Republican, Democratic, Reuters, Commerce Department, People's, CCP, Chinese Communist Party, House Foreign Affairs, of Industry, Security, Commerce, University of California, Pentagon's Defense, Research Projects Agency, DARPA, HUAWEI, Huawei Technologies, Qualcomm, Google, Thomson Locations: China, U.S, Beijing, People's Republic of China, Communist China, Swiss, Berkeley, United States, SiFive, Santa Clara , California, San Francisco

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