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☆ Trump still hasn’t signed ethics agreement required for presidential transition
▼ + stars: | 2024-11-09 | by ( Betsy Klein | Alayna Treene | ) edition.cnn.com time to read: +6 min

As president, Trump repeatedly came under fire from ethics groups for potential conflicts of interest relating to his businesses and brands. A source familiar with the process acknowledged that details are still being worked out with the Biden administration regarding the ethics agreement, which is required by law under the Presidential Transition Act and which applies to all members of the transition team. Updates to that bill requiring the ethics pledge were introduced by Trump ally Sen. Ron Johnson, a Wisconsin Republican, and signed into law by Trump himself in March 2020. The Trump team ignored a pair of key preelection deadlines to unlock transition activities with the Biden administration’s General Services Administration and the White House. The ethics agreement was also due by October 1.

Persons: Donald Trump, Biden, Trump, Trump’s, Sen, Ron Johnson, Valerie Smith Boyd, Boyd, Max Stier, Joe Biden’s, Stier, ” Stier, ”, Jeff Zients, Howard Lutnick, Linda McMahon, Jamie Raskin, ” Raskin, George W, Al Gore’s, CNN’s Arlette Saenz, Fredreka Schouten Organizations: CNN, Trump, Wisconsin Republican, Truth, Biden, Services Administration, White, GSA, Center, Public Service, Public, “, Vance Locations: Wisconsin, Maryland, Florida

☆ When I was 11, I made a friend who changed the trajectory of my life. She inspired me to go to college and try harder.
▼ + stars: | 2024-11-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

But my friend Gerry knew exactly how much she wanted to succeed in life before she was 11. AdvertisementI rarely see my four besties from middle and high school. Still, we all got together in the summer of 2016 for lunch at a fancy hotel to mark the 30th anniversary of our high school graduation. Related stories"I owe a lot to Gerry," my friend, Louise, announced. To my surprise, she said she might have dropped out of high school if it hadn't been for Gerry.

Persons: Gerry, —, Geraldine —, Gerry —, Julia White, Here's, She'd, she'd, Louise, I'd, didn't, Gerry Meanwhile, I've, hadn't Organizations: Service, Business Locations: England, Australia, London, New York

☆ Caligan picks up a stake in Verona Pharma, seeing an opportunity to generate more value
▼ + stars: | 2024-11-09 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

It invests in a concentrated portfolio of small and midcap life sciences companies, using activism as a tool to unlock value. A successful drug like Ohtuvayre would not just increase the life expectancies of patients with COPD, but it would lower costs for both health-care providers and COPD patients. Currently, there are over 8.6 million U.S. COPD patients with over 4 million remaining symptomatic despite treatment from the current commercial therapies. In early pooling analysis, Ohtuvayre showed a 41% reduction in exacerbations in COPD patients, almost double brensocatib. When Caligan announced its Verona position last month, the stock was trading at $33.40 per share or a $2.5 billion enterprise value.

Persons: Caligan, David Johnson, Ohtuvayre, Verona's, Verona, MorphoSys, bode, Ken Squire Organizations: Verona Pharma, Caligan Partners, Carlyle Group, FDA, MorphoSys AG, Novartis, pharma, 13D Locations: Verona, London, MorphoSys, Caligan's

☆ Australia wants to ban kids under 16 from social media as world governments seek to crack down on the 'addictive' apps
▼ + stars: | 2024-11-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Australia plans to ban social media for users under 16, Prime Minister Anthony Albanese said. AdvertisementWith young people using social media more than ever, and those social media companies perfecting the algorithms that keep them engaged, concerns about social media addiction are taking root all over the world. Now, Australia wants to ban social media for everyone under 16. Australia's social media ban will be introduced into Parliament during its final session this year, which begins on November 18. If passed, social media companies will have 12 months to figure out how to keep minors off their apps before the law is enforced, he said.

Persons: Anthony Albanese, —, " Albanese, Albanese, Jackie Hallan, Hallan, they're, Antigone Davis, Davis Organizations: Service, Australian, TikTok, Guardian, Reuters, Associated Press Locations: Australia, United States, Kentucky

☆ Kmart has all but disappeared from the US. But its Australian namesake is booming.
▼ + stars: | 2024-11-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

AdvertisementThe closure of a Kmart store in Bridgehampton, New York, in October marked the end of an era for the iconic chain. Now, just one Kmart store remains in the mainland US, tucked away inside an At Home store in southwest Miami. "We see this in things such as Kmart hacks," where creators showcase how they use Kmart products in novel ways to help in their everyday lives, Lloyd-Wallis said. A race to the bottomSo far, Kmart Australia has weathered the e-commerce storm, in part thanks to the geographical challenges companies like Amazon face in Australia. It seems, then, that Kmart Australia could find itself in a price race to the bottom.

Persons: —, Gary Mortimer, Mortimer, They've, Ian Bailey, it's, Bailey, we've, Anastasia Lloyd, Wallis, news.com.au, Roy Morgan, Laura Demasi, Roy Morgan's Organizations: Kmart, Service, Walmart, Target, Kmart Group, Queensland University of Technology, National Retail Federation, Kmart Australia, Getty, Retail Doctor Group, Lloyd, Amazon Australia Locations: Australia, Bridgehampton , New York, Miami, Australian, Melbourne, New Zealand, Target Australia, Canada, Singapore, Philippines, Sydney, Kmart Australia

☆ Basketball is having a moment, and that's good news for Nike
▼ + stars: | 2024-11-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Nike recently signed a 12-year deal with the NBA, WNBA, and NBA G League. AdvertisementNike is deepening its partnerships with the NBA and WNBA as basketball explodes in popularity in 2024. That's good news for the company as it tries to get back to its sports roots and reinvigorate sales — and as women's basketball becomes increasingly popular. The sportswear giant announced in October that it signed a 12-year agreement with the NBA, WNBA, and NBA G League to be the exclusive uniform and apparel provider for each league. While Nike started as a running brand, its business has historically been linked with basketball after a 1984 collaboration with Michael Jordan.

Persons: Rachel Wolff, —, John Donahoe, Elliott Hill, Michael Jordan, Jordan Brand, Hill, Sue Bird, Kevin Durant, Jayson Tatum, Nike execs, Adam Silver, Nike It's, Goldman Sachs, Nike's, Caitlin Clark, Simeon Siegel, Siegel, Nike, execs, EMARKETER's Wolff, Wolff Organizations: Nike, NBA, WNBA, NBA G League, Service, Paris Olympics, NCAA, Nielsen, ESPN, G League, Adidas, Bloomberg, Business, Street, BMO Capital Markets, BI, BMO Locations: California, Portland , Oregon, Toronto, EMARKETER

☆ Menendez brothers timeline: A look at the murders, the trials and the effort to free them
▼ + stars: | 2024-11-08 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Their televised trial, which captured the brothers recounting the alleged abuse in grim and graphic detail, ended when the jury could not reach a verdict. After a second trial, the siblings were convicted of first-degree murder and sentenced to life without the possibility of parole. The siblings fatally shot their parents, they testified, after Lyle confronted Jose about his brother’s abuse. When Lyle threatened to expose his father, he testified, Jose appeared to threaten him and his brother. Gascón also said his office was also reviewing a petition from the brothers that challenges their convictions.

Persons: Erik, Lyle Menendez, Jose, Kitty Menendez, Beverly Hills Kitty, Lyle, ”, he’d, Kitty, Jose Menendez, George Gascón, Gascón, Nathan Hochman Organizations: Beverly Hills Police, Prosecutors, NBC, Angeles Locations: Beverly, Los Angeles, Beverly Hills, Israel, Angeles County, L.A . County

☆ Menendez supporters say brothers should go free — but prosecutors who tried them believe they got what they deserved
▼ + stars: | 2024-11-08 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +13 min

Erik and Lyle Menendez no longer pose a public safety risk and have paid their debt to society, Gascón told reporters. Menendez brothers, Erik, left, and Lyle at their Beverly Hills home in November 1989. Ronald L. Soble / Los Angeles Times via Getty Images fileJuan Mejia, now a head deputy for the Los Angeles County District Attorney’s Office, raised another concern. From left to right; Erik Menendez with his attorney, Leslie Abramson and Lyle Menendez in Los Angeles, Calif on March 9, 1994. Myung Chun / Los Angeles Times via Getty Images fileWhen they committed their crimes, Gascón said, they were younger than 26.

Persons: Erik, Lyle Menendez, “, Pamela Bozanich, ”, Menendez, Chance, Kitty Menendez, George Gascón —, —, Gascón, it’s, José Menendez, gunning, Lyle, Ronald L, Juan Mejia, Mejia, Lyle’s, ” Mejia, Dateline ”, resentencing, they’ve, Nathan Hochman, Hochman, Les Zoeller, who’d, Zoeller, Erik Menendez, Leslie Abramson, Ted Soqui, Ted, they’d, Bozanich, ” Bozanich, ‘, ’, Ann Wolbert Burgess, Mark J, Terrill, Jose, he’d, ” Gascón, They’ve, George Gascón, Myung Chun, Mark Geragos, Andy Cano, Kitty, Jose Menendez, NBC “ I’ve, Andy Organizations: NBC News, Los Angeles, “ Dateline, Beverly Hills, Los Angeles Times, Getty, Los Angeles County, Attorney’s Office, Dateline, Incoming, Angeles, Beverly, Rolex, Porsche, Court, Netflix, “, NBC, Attorney’s Locations: Los, Los Angeles County, Angeles County, Los Angeles, Calif, San Diego, ’ ”, Van Nuys, California

A law enforcement source told NBC News that several branches of the FBI have been deployed, including criminal, cyber and counterintelligence agencies. But the FBI told NBC News that a VPN from another country does not necessarily mean the text messages originated there. Dozens of people across the country have received the racist text messages, including high school and middle school students. She’s among several recipients who were disappointed by the outcome of the presidential election and saw the text messages as salt on an open wound. The association urged anyone receiving spam text messages to forward them to the number 7726 or “SPAM” to report them to their wireless provider.

Persons: ”, Letitia James, Keith Ellison, McCall, Jessica Rosenworcel, Devereaux Adams, Donald Trump, ” Adams, “, Lance Beaudry, TextSpot, ” TextSpot, Beaudry, “ I’m, Liz Murill, Kumi Wolf Kumi Wolf, ” Wolf, Brian Hughes, Trump, Nick Ludlum Organizations: FBI, New York, Minnesota, NBC, NBC News, Federal Communications, Trump, Ohio State University, Clemson University, Louisiana Bureau of Investigation, Messaging Locations: Atlanta, Georgia, South Carolina, Philadelphia, Louisiana, Poland, Michigan

☆ China has increased military flights near Taiwan by 300%, U.S. general says
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +7 min

The Chinese military has increased its provocative flights around Taiwan by 300% over the last five months, according to the commander of the U.S. Air Forces in the Indo-Pacific Command. In an exclusive interview with NBC News, Gen. Kevin Schneider warned that People’s Liberation Air Force activities have increased dramatically since Taiwan’s new president was inaugurated in May. Schneider noted that the Chinese Air Force has maintained the increased activity level since Lai Ching-te was sworn in on May 20. Chinese President Xi Jinping has said that he intends to unify Taiwan with mainland China and has steadily ramped up military pressure on democratically governed Taiwan. Trump has not committed to defending Taiwan during a Chinese military invasion.

Persons: Kevin Schneider, ”, Schneider, Lai Ching, te, Lai, Liu Pengyu, “, William Lai, Daniel Ceng, Will Trump, Xi Jinping, Xi, William Burns, Donald Trump’s, Trump, Joe Biden’s, they’d, Biden, Feng Hao, Gen Organizations: U.S . Air Forces, Pacific Command, NBC News, Liberation Air Force, Taiwan’s Ministry of National Defense, Chinese Air Force, Embassy, Washington , D.C, Taiwan, Getty, CIA, Bloomberg Businessweek, U.S, Theater Command, PLA, Anadolu, Trump, United States Locations: Taiwan, China, Beijing, Washington ,, Japan, South Korea, Hawaii, Alaska, Guam, Taoyuan, Anadolu, U.S, “ Taiwan, Washington

Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory. The new valuation also increases Tesla CEO Elon Musk's net worth to some $300 billion, according to Forbes — increasing his net worth as the world's richest person by more than $30 billion. Through his rocket company SpaceX, Musk has been the beneficiary of billions in government contracts over the past decade. Tesla's 13-figure valuation puts it among the ranks of Nvidia, Apple, Microsoft, Google-parent Alphabet, Amazon and Facebook-parent Meta. Tesla previously hit $1 trillion in 2021.

Persons: Tesla, Donald Trump's, Elon, Forbes —, Musk, Trump Organizations: Forbes, Trump, SpaceX, Nvidia, Apple, Microsoft, Google, Facebook

☆ Israel's Netanyahu appoints new ambassador to United States
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

Israeli Prime Minister Benjamin Netanyahu appointed U.S.-born Yechiel Leiter, an official who previously served as chief of staff in the finance ministry, as the next Israeli ambassador to the United States. “Yechiel Leiter is a highly capable diplomat, an eloquent speaker, and possesses a deep understanding of American culture and politics,” Netanyahu said in a statement. His appointment was also welcomed by Yisrael Ganz, the head of the Yesha Council, an umbrella organisation representing councils of Jewish settlements in the Israeli-occupied West Bank, a territory Palestinians want as part of a future state. As well as serving in the finance ministry, Leiter also held positions as deputy director general in the Education Ministry and acting chairman of the Israel Ports Company. His son was killed last year in the Gaza war against Palestinian militant group Hamas while serving with the Israeli military.

Persons: Benjamin Netanyahu, Yechiel Leiter, “ Yechiel Leiter, ” Netanyahu, Yisrael Ganz, Ganz, Leiter, Israel, Leiter’s, Donald Trump’s Organizations: U.S, Yesha Council, West Bank, Education Ministry, Israel Ports Company, Palestinian, Hamas Locations: United States, Gush Etzion, Judea, Samaria, Gaza

☆ 43 escaped research monkeys still loose in South Carolina after caretaker failed to shut two doors
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +3 min

Police are still searching for 43 monkeys that escaped from a research facility in South Carolina on Wednesday, as the head of the company revealed that the outbreak happened when a staff member failed to secure a door properly. Police in Yemassee, Beaufort County, confirmed Thursday night that the primates were in the wooded region surrounding the Alpha Genesis facility, in a rural area on the edge of Yamassee. Locals were urged to lock windows and doors and not to interact with the monkeys and instead call 911 immediately upon spotting any of the escaped primates. Alpha Genesis carries out medical research for a range of clients for several conditions, including brain disorders. Meanwhile, animal rights advocates have raised concerns over the ethics of using primates in medical research on such a scale.

Persons: Greg Westergaard, Alpha Genesis, Westergaard, didn't, Kathleen Conlee, Lisa Jones, Engel Organizations: Police, Alpha, Alpha Genesis, NBC, U.S . Department of Agriculture, Humane Society of, PETA Locations: South Carolina, Yemassee, Beaufort County, Yamassee, United States, Washington

☆ New Chinese stealth fighter to take center stage at China’s biggest airshow
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

China’s new J-35A stealth fighter jet will be displayed for the first time next week at the country’s biggest civil and military airshow, a biennial event where Beijing showcases its expanding aerospace industry. The J-35A, which uses airstrips to take off and land, is a variant of the J-35, a stealthy aircraft China is developing for use on aircraft carriers. Diplomats and security analysts have closely watched the evolution of J-35 variants given the importance of the plane to China’s aircraft carrier program, which seeks to expand jets’ range and payload to project power beyond China’s home waters. Monday marks the 75th anniversary of the PLAAF, which will have its largest presence at the airshow, according to Xinhua, China’s state-run news agency. This year’s Zhuhai airshow is its first post-pandemic edition since Beijing lifted its zero-Covid policy and travel restrictions in 2023.

Persons: Donald Trump, Lockheed Martin, China’s, Kelly Ortberg, COMAC Organizations: China International Aviation, Aerospace, ”, People’s Liberation Army Air Force, Shenyang Aircraft Corporation’s, SU, Lockheed, People’s Liberation Army, Diplomats, Airbus, Embraer, Boeing, Industry, U.S Locations: Beijing, Greater Bay, Zhuhai, Taiwan, South China, China, Russia, West, Xinhua, China’s

☆ Mubi cancels film festival in Turkey after Daniel Craig film ‘Queer’ is banned
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

“Queer” — releasing in the U.S. with A24 — world premiered in Venice to positive reviews. After the festival, Mubi acquired the film for multiple territories, including the U.K., Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, Turkey and India and all rights excluding theatrical in Italy. This ban not only targets a single film but also undermines the very essence and purpose of the festival. For this reason, MUBI has decided to take the position that our audience expects from us. It is with deep regret that we inform you of our decision to cancel the entire MUBI Fest Istanbul.

Persons: Mubi, Luca Guadagnino’s “, William S, Burroughs, Daniel Craig, —, MUBI, ” Organizations: Fest, MUBI Fest Locations: Turkey, Fest Istanbul, Mexico, U.S, Venice, Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, India, Italy, MUBI, MUBI Fest Istanbul, Kadıköy District Governorate, Istanbul

☆ Trump promised massive tariffs on imports but how he’ll pull it off is still being figured out
▼ + stars: | 2024-11-08 | by ( Kayla Tausche | ) edition.cnn.com time to read: +6 min

Washington CNN —Just days after winning a comeback election, President-elect Donald Trump is evaluating how his campaign promises might translate into policy. As a candidate, Trump pledged to slap 60% tariffs on all goods coming in from China and 10% tariffs on goods imported from all other countries. “The way that President Trump looks at tariffs are not in isolation. Trump’s economic advisers – and the president himself – view the forthcoming tariff revenue as a way to offset that cost. “If he can use the tariffs as a means to an end, he’ll do that.”CNN’s Katie Lobosco contributed to this report.

Persons: Washington CNN —, Donald Trump, ”, Trump, Kelly Ann Shaw, Hogan Lovells, –, ” Trump, Larry Kudlow, it’s, ” “, Karoline Leavitt, Vance, Jake Colvin, ” Colvin, “ That’s, Robert Lighthizer, Elon Musk, “, he’s, Katie Lobosco Organizations: Washington CNN, CNN, Trump, Republicans, Jobs, Tax, Center, Social Security, Advisers, “, National Foreign Trade Council, European Union, EU, EV Locations: China, Trump’s, America, Canada, There’s, Tesla

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. The domain was previously owned by HubSpot founder and CTO Dharmesh Shah, who confirmed that he sold the domain to OpenAI after buying it in 2023. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

Persons: OpenAI, Dharmesh Shah, —, Sam Altman, Shah, it's, Margarita Polishchuk, Gil Luria, Davidson, Nicole Ferry, ChatGPT, Polishchuk Organizations: Service, HubSpot, Business, Amazon, Google, D.A, Sullivan NYC Locations: OpenAI, Clay

☆ Goldman Sachs upgrades BioNTech to buy, sees stock surging more than 25%
▼ + stars: | 2024-11-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Goldman Sachs is optimistic on BioNTech as a result of a new oncology asset. The bank upgraded shares of the German biotechnology firm to a buy rating from neutral. Analyst Chris Shibutani accompanied the move by hiking his price target to $137 from $90, which implies upside of $27%. BNTX YTD mountain BNTX YTD chart BioNTech can also support an innovative and expansive clinical development program for BNT327 that could challenge the status quo of immune-oncology regimens, Shibutani added. Of the 19 who cover it, 12 have buy or strong buy ratings on BioNTech, LSEG data shows.

Persons: Goldman Sachs, Chris Shibutani, BNTX

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play, brand pros say
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

OpenAI acquired the URL "chat.com," which now redirects to ChatGPT. Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

☆ Microsoft added AI to software it has barely touched since 1985. The results are astonishing
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

Microsoft — like its Big Tech competitors — is introducing AI to its consumer products, from virtual chatbot assistants to notetaking and editing tools. In October, Microsoft introduced a sweeping update to its Copilot virtual assistant in an effort to make it more useful and user-friendly, CEO of Microsoft AI Mustafa Suleyman previously told CNN. Microsoft users will also see AI features in Notepad, Microsoft’s writing platform, allowing them to use the new technology to help rewrite or edit sentences. For example, users can type a sentence, and then prompt the AI tool to rewrite the sentence or modify its tone or length. Apple’s “Writing Tools,” an editing tool, is similar to Microsoft’s AI features in Notepad.

Persons: Picasso, OpenAI’s Dall, it’s, Dave Grochocki, Mark Zuckerberg, ” Zuckerberg, Mustafa Suleyman Organizations: CNN, Microsoft, Big Tech, —, Windows, OpenAI, Facebook, Apple Locations: Europe, Notepad

☆ Tesla hits $1 trillion market cap as stock rallies after Trump win
▼ + stars: | 2024-11-08 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: 1 min

Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. Shares of Tesla climbed more than 5% in mid-morning trading Friday, pushing the electric vehicle maker's market cap past $1 trillion for the first time. The company's stock has rallied about 27% this week after President-elect Donald Trump won the U.S. presidential election and investors have grown optimistic that the former president's return to the White House could benefit Tesla. Tesla CEO Elon Musk has been a key ally for Trump throughout his campaign, pouring at least $130 million into a pro-Trump campaign effort. Tesla had a market cap of $807.1 billion through Tuesday's close.

Persons: Elon Musk, Donald Trump, Tesla Organizations: Republican, Madison, U.S, Trump Locations: New York, NY

When Donald J. Trump repeatedly singled out the Japanese construction equipment maker Komatsu during his 2016 presidential campaign, employees at the company were taken aback. In one interview, Mr. Trump criticized the Affordable Care Act as being so expensive that it required people to “get hit by a Komatsu tractor” to meet the deductible. At the time, Komatsu’s president brushed off the remarks, saying the company was grateful to Mr. Trump for helping to raise its global profile. After his improbable victory over Hillary Clinton, however, Komatsu took steps to ingratiate itself with the Trump White House. Since then, it has increased investments in North America, adding thousands of workers to its payroll and ramping up domestic production.

Persons: Donald J, Trump, “, Hillary Clinton, Komatsu Organizations: Komatsu, Trump White Locations: Tokyo, ingratiate, American, North America

☆ Lupin Global CFO: Medicine business benefitting from supply chain diversification
▼ + stars: | 2024-11-08 | 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 EmailLupin Global CFO: Medicine business benefitting from supply chain diversificationRamesh Swaminathan, Global CFO of Lupin discusses the impact of Trump's win on the Indian pharmaceutical sector. Growing demand for affordable medicines, and diversification from China are key factors benefitting his company. He also talks about R&D and productivity as drivers to further increase margins.

Persons: Ramesh Swaminathan, Lupin Organizations: Medicine Locations: China

CNN —Tech tycoon Elon Musk joined a call between US President-elect Donald Trump and Ukrainian President Volodymyr Zelensky the day after the presidential election, according to a source with knowledge of the situation. Zelensky previously said on X that he called Trump on Wednesday and congratulated him on “his historic landslide” win. Strong and unwavering US leadership is vital for the world and for a just peace,” Zelensky wrote at the time. CNN is reaching out to Musk and Trump’s teams about the call, which was first reported by Axios. Questions about Musk’s influence in the war also began to mount amid a rise in Ukrainian sightings of Russian uses of the satellite internet service.

Persons: Elon Musk, Donald Trump, Volodymyr Zelensky, Zelensky, “, Strong, ” Zelensky, Axios, Vladimir Putin, Musk, –, Starlink, Walter Isaacson, Isaacson, Dmitry Peskov Organizations: CNN — Tech, US, Ukrainian, CNN, Trump, PAC, NASA, SpaceX, Pentagon, Starlink, Russian, Putin Locations: Kyiv, Russia, Ukraine, Crimea, Crimean, Ukrainian, American

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Home Depot, Domino's, Wingstop, Warby Parker, Rivian, Bank of America & more
▼ + stars: | 2024-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Jefferies reiterates Nvidia and Marvell as buy The firm says the two chipmakers still have the most upside. Citi upgrades Bank of America to buy from neutral Citi says the bank could be a beneficiary of lighter regulation. Bank of America downgrades Rivian to neutral from buy Bank of America said it sees regulatory risk under a Trump administration. Bank of America upgrades Teledyne Technologies to buy from neutral The firm says it sees upside ahead for the industrial conglomerate. Goldman Sachs upgrades Wingstop to buy from neutral The firm says the wings restaurant has "best-in-class" growth.

Persons: William Blair, Warby Parker, Bernstein, Apple, Lowe's, Jefferies, Goldman Sachs, Sweetgreen, Goldman, outperformance, it's bullish, BNTX, Oppenheimer, Piper Sandler, Wells, Airbnb, Gross, Trump, TDY Organizations: Apple, Apple Intelligence, Nvidia, Marvell, Enterprise, JPMorgan, China EV, Catalyst, Holdings, Barclays downgrades, Body, Citi, U.S, Deutsche Bank, UBS, Molson Coors, OW, Bank of America, Trump Administration, " Bank of America, Teledyne Technologies Locations: AVGO, 4Q24, DPZ, UW

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