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☆ Florida residents should flee to these 2 popular states before climate change decimates home values
▼ + stars: | 2024-08-10 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Although steadily rising global temperatures and their effects are increasingly hard to ignore, Burt believes they're not yet factored into property values. Flood insurance costs will skyrocket since they're severely underpriced to climate risk, his research indicates. Related stories"I think that there's a lot of pent-up supply from folks, particularly who are being exposed to these ownership cost increases away from mortgage rates," Burt said. They'll then be prepared to either bear the burden of higher insurance costs, or sell. AdvertisementUnlike Ivy Zelman, who's another analyst with a knack for spying issues in the housing market, Burt doesn't think the Midwest is the best region for beach-dwellers to flee to.

Persons: David Burt, who's, Burt, they're, Ivy Zelman, Burt doesn't Organizations: Service, Business Locations: Georgia, Florida, New York

☆ A transgender woman was found killed in a West Baltimore alleyway, prompting demands for answers and justice
▼ + stars: | 2024-08-10 | by ( Alaa Elassar | ) edition.cnn.com time to read: +7 min

Police had not publicly speculated on a motive or announced an arrest in connection with the killing as of Thursday. Homicide detectives were investigating her death and no further details regarding her death were available, Baltimore police Detective Niki Fennoy told CNN on Thursday. The impact of anti-trans violence negatively impacts our mental health and our ability to live healthy and happy lives,” Cooper told CNN. “I’m very stressed and distraught about the death of Tai, especially in this time due to her tragic and violent death,” Desire Bandz, a 30-year-old transgender woman also living in Baltimore, told CNN. Maryland has had 18 killings of transgender people since 2013 – the eighth-highest total by state in that time, tied with Illinois, according to HRC.

Persons: Tai’Vion Lathan, Tai, ’, ” Lathan’s, Carolyn Robinson, Owens, Lathan, Tai’Vion, Niki Fennoy, Lathan’s, Mary Robinson, Tori Cooper, ” Cooper, “, it’s, ” Desire Bandz, ” Bandz, ”, “ We’re, Baltimore Mayor Brandon Scott, CNN’s Nia Mclean Organizations: CNN, Police, Human, Homicide, Baltimore, Baltimore police, Metro, Baltimore Safe, “, Baltimore Mayor, WMAR, Illinois, HRC Locations: Baltimore’s West Baltimore, United States, West, Baltimore, America, WMAR . Maryland

☆ I never wanted to get married. But when I got pregnant, everything changed.
▼ + stars: | 2024-08-10 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

Read previewI've always been a commitment phobe and was never interested in getting married. Getting pregnant changed how I felt about commitmentBy that point, Sam and I had been together for eight years. Courtesy of Melissa NobleWe've now been married almost 10 yearsAt the very end, it said, "You're the girl of my dreams. AdvertisementGetting pregnant changed my headspace about marriage and helped me think of the future differently. The formality of being married did make a difference, and almost 10 years on, we're still going strong.

Persons: —, Sam, I'd, didn't, I've, Let's, Sam's, Port Phillip Bay, satchel, He'd, Melissa Noble's, Melissa Noble We've, we're Organizations: Service, Business Locations: Black Rock, Melbourne, Port Phillip, Gold

☆ Susan Wojcicki, former YouTube CEO, dies
▼ + stars: | 2024-08-10 | by ( Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —Former YouTube CEO Susan Wojcicki has died after living with lung cancer for two years, according to her husband. “It is with profound sadness that I share the news of Susan Wojcicki passing. My beloved wife of 26 years and mother to our five children left us today after 2 years of living with non-small cell lung cancer,” Dennis Troper wrote in a Facebook post. “Please keep our family in your thoughts as we navigate this difficult time.”Google CEO Sundar Pichai expressed condolences in a post on X early Saturday, calling Wojcicki the “core” to Google’s history. “I’m so proud of everything we’ve achieved,” Wojcicki wrote when announcing she was stepping down in 2023.

Persons: Susan Wojcicki, ” Dennis Troper, Troper, Wojcicki, “, ”, ” Troper, Sundar Pichai, we’ve, ” Wojcicki Organizations: CNN, YouTube, Google Locations: California

☆ Tamirat Tola wins captivating Olympic marathon for Ethiopia
▼ + stars: | 2024-08-10 | by ( Matthew Futterman | ) www.nytimes.com time to read: +6 min

Tola surged clear and never looked back (Cameron Spencer/Getty Images)After letting the little-known Eyob Faniel of Italy lead for most of the first half of the race, Tola made his first move just before the halfway mark. Tola crossed the line an Olympic record time (Andrej Isakovic/AFP via Getty Images)Most remarkably, Tola didn’t even make the Ethiopian team originally. “I trained hard so I could win,” Tola said. Even his compatriot, Kenenisa Bekele, one of the most decorated Ethiopian distance runners but at 42 nearing the end of his career, was gushing after finishing 39th. “Not easy to win the Olympic Games,” he said, in perhaps the understatement of the past two weeks in Paris.

Persons: Tamirat Tola, Tola, Cameron Spencer, ”, Bikila, Bikele, Belgium’s Bashir Abdi, Kenya’s Benson Kipruto, Eliud, victoire appartient, Napoleon, Roland Garros, Andrej Isakovic, Tola didn’t, “, ” Tola, Connor Mantz, Akira Akasaki, ” Mantz, Clayton Young, Abdi, Kenenisa Bekele, ” Bekele, Denisa Geleta, Kipruto Organizations: “, East, Getty, Ethiopian, Boston Marathon, Olympic Locations: Ethiopia, Invalides, Paris, Versailles, Eugene , Ore, New York, Italy, Rome, Tokyo, Kenya, AFP, Japan

☆ 48-year-old founded 'Moms on Mushrooms' to share the practice of microdosing for mental health
▼ + stars: | 2024-08-10 | by ( Renée Onque | ) www.cnbc.com time to read: +10 min

Tracey Tee founded Moms on Mushrooms, a platform where moms can discuss, both online and in person, their interest and experiences with microdosing psilocybin mushrooms. "Some girlfriends invited me to a camping trip that summer [in 2020] to just camp out with some moms," Tee says. She lives in Colorado where psilocybin mushrooms are legal to grow, use and share. So, Tee sought out an alternative solution for managing her mental health as she began to wean herself off the SSRI: microdosing psilocybin mushrooms. Moms on Mushrooms is the platform Tee created for moms to discuss their interest and experiences with psilocybin mushrooms.

Persons: Tracey Tee, Tee, that's, wean, Tee wasn't, Microdosing, microdosing, Louis, Joshua Siegel, Siegel Organizations: Lancet, Facebook, CNBC, Washington University School of Medicine, Washington University, NYU Langone Health, Center, Psychedelic Medicine, Psychedelic Locations: Colorado, St

LAS VEGAS — DEF CON, the world’s largest hacker conference, is trying to put its legions of experts to work by creating a volunteer army to help protect America’s vulnerable water systems and schools. It also aims to help the broader public access the cybersecurity research the hackers produce during the conference each year. “So how do we best help them help other people?”The project has two main elements. The second is connecting hackers with places that are in desperate need of cybersecurity help, starting with water and wastewater facilities and schools. DEF CON has partnered with the largest water facility trade group, the National Rural Water Association (NRWA), to help match facilities with hackers.

Persons: “, ”, Jeff Moss, Def Con Franklin —, Benjamin Franklin’s, Moss, he’s “, it’ll, it’s, we’ve, Jake Braun, ” Braun, Matt Holmes, Con, It’ll Organizations: VEGAS, U.S, Environmental Protection Agency, University of Chicago’s Harris School of Public Policy, Def Con, Rural Water Association, Aerospace, Capitol Locations: Las Vegas, U.S, ”, China, America

☆ Wealthy investors find opportunities in stock market sell-offs
▼ + stars: | 2024-08-09 | by ( Robert Frank | ) www.nbcnews.com time to read: +7 min

Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in prices as an opportunity for tax savings and estate planning, according to wealth advisors. When stocks tumbled Monday, with the S&P 500 and Nasdaq down 3%, wealthy investors neither panicked nor jumped in to buy, according to several advisors. The drop in prices last Friday and Monday also offered a chance for wealthy investors to take advantage of tax benefits and gift strategies. With the gift and estate exemption amount scheduled to expire at the end of next year, many wealthy investors are working to give away the maximum before the expiration. “Most family offices are so invested in alternatives, hedge funds, PE and real estate, that they aren’t moving their investments around anyway,” said Geoffrey von Kuhn, an advisor to several of the nation’s largest family offices.

Persons: ‘, ’ ”, Sean Apgar, ” Apgar, BBR, —, William Sinclair, ” Sinclair, ”, Jennifer Povlitz, Geoffrey von Kuhn, Richard Weintraub, ” Weintraub, Buffett, Michael Pelzar, ” Pelzar, “, Jimmy Chang Organizations: UBS, Deloitte, Nasdaq, BBR Partners, Morgan Private Bank, Big Tech, “, UBS Wealth Management, Americas, Citi Private Bank, Bank of America Private Bank, ” Advisors, Rockefeller Global Family Locations: U.S, J.P

— President Joe Biden signed the CHIPS and Science Act into law on Aug. 9, 2022, authorizing nearly $53 billion to rebuild the nation’s semiconductor industry. A Purdue University summer program gives undergrads hands-on experience in the chip-development process. The domestic semiconductor manufacturing workforce has dropped from a peak of 714,500 in 2001 to 392,100 as of July, according to government data. In addition, the CHIPS Program Office, run out of the Commerce Department, has announced major commitments for research and development, including workforce skilling, with a $5 billion package unveiled in February. Some of the students in Purdue University’s inaugural STARS program last summer, which began with about 70 trainees.

Persons: Joe Biden, Robert Zhang, doesn’t, ” Zhang, Feichi Huang, Mark Lundstrom, Purdue University Bill Wiseman, ”, Lundstrom, Sujai, Shivakumar, “, that’s, Taylor Roundtree, there’s Organizations: WEST LAFAYETTE, Purdue University, Semiconductors, Intel, Texas, STARS, Purdue, U.S, McKinsey & Co, Semiconductor Industry Association, Micron, Commerce Department, McKinsey, South, SK Hynix, Apple, Nvidia, TSMC, Center for Strategic, International Studies . Universities Locations: Ind, Syracuse , New York, Phoenix, U.S, Taiwan, Korea, Japan, Singapore, West Lafayette , Indiana, South Korean, United States, “

☆ Turns out being a venture capitalist can be really hard and some VCs want out
▼ + stars: | 2024-08-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, turns out being a venture capitalist can be really hard, and some VCs want out . The big storyWe were promised big returnsiStock; Rebecca Zisser/InsiderFor venture capitalists, when the going gets tough, the tough get going…toward the exits. Some VC workers are reconsidering their future as the industry goes through a rough patch, writes Business Insider's Sri Muppidi. The ink was barely dry on a deal before startups were raising another round, doubling their VCs' investment (on paper) along the way. One Bay Area partner told Sri junior investors need to meet dozens of companies a week.

Persons: —, Rebecca Zisser, It's, That's, VCs, dobi, Goldman Sachs, duMond, Chip Somodevilla, Alyssa Powell, Jamie Dimon, we're, Jamie, David Zalubowski, Chelsea Jia Feng, Meta's Instagram, Grzegorz Wajda, Elon Musk, Musk's X, he's, Grimes, Sam Altman, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, VCs, Tiger Global, Area, JPMorgan, YouTube, Dell, Getty, Elon, Federation, Global Alliance, Responsible Media, UK Prime, Democratic, Trump, Disney Locations: Patagonia, Dimon, Anaheim , California, North Carolina, Virginia, New York, London

☆ I landed a job in venture capital at 24 after changing my career path twice. Here's how I got the coveted job with a varied résumé.
▼ + stars: | 2024-08-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

My first job out of university was at a tech PR firm. I've always liked wearing different hats, and these threads led me to join Playfair, a generalist VC fund. I was so surprised at how relevant my PR experience wasI was so surprised at how relevant my PR experience was because so much of VC is investor relations. If your background is generalist and diverse, that kind of VC fund would likely suit you. But if you started your career with a technical background, you'd perhaps be suited to a deep tech fund.

Persons: Lucia Polverino, —, Piper Sandler, I've, I, Playfair, It's, it's, that's, grads Organizations: Service, Business, KKR, LexisNexis Locations: London, American

☆ Imane Khelif: Algerian boxer wins Olympic gold after social media firestorm
▼ + stars: | 2024-08-09 | by ( Kevin Dotson | ) edition.cnn.com time to read: +4 min

CNN —Algerian boxer Imane Khelif defeated Chinese opponent Yang Liu in the 66kg gold medal bout at the Paris Summer Olympics on Friday. With a huge lead on the scorecards, Khelif continued to apply the pressure to Yang in the third and final round. For eight years, this has been my dream and I’m now the Olympic champion and gold medallist,” she said after the fight. The crowd cheered raucously as it was announced that Khelif had won the gold medal on points by unanimous decision. Khelif had been the subject of global attention after defeating Italian boxer Angela Carini in just 46 seconds in a preliminary match.

Persons: Imane Khelif, Yang Liu, Khelif, Yang, “, I’m, ”, “ I’ve, raucously, Angela Carini, Khelif “, Thomas Bach, Lin, ” Bach, Mark Adams, Boxer Lin Yu Organizations: CNN, Paris, Roland, Games, Algerian, Olympic, Olympic Committee, Associated Press, Carini, IOC Locations: Algerian, Algeria, Paris, Taiwan

☆ Howie Cohen, Whose Alka-Seltzer Ads Spawned Catchphrases, Dies at 81
▼ + stars: | 2024-08-09 | by ( Sam Roberts | ) www.nytimes.com time to read: 1 min

Howie Cohen, an advertising copywriter, often said he was congenitally familiar with indigestion. So perhaps it was only natural that in the 1970s, he, along with an ad agency colleague, would conjure up a catchy slogan that would not only sell more Alka-Seltzer but also become an American pop culture punchline: “I can’t believe I ate the whole thing.”That bedside lament, spoken by the comedian and dialectician Milt Moss — he actually said that thing on camera — vaulted from a 30-second TV commercial to sweatshirts, supermarket windows and even church marquees. It proved even more popular than “Try it, you’ll like it,” the first catchphrase for Alka-Seltzer that Mr. Cohen coined with his business partner, Bob Pasqualina, an art director at the Manhattan agency Wells Rich Greene.

Persons: Howie Cohen, Seltzer, dialectician Milt Moss —, Alka, Cohen, Bob Pasqualina, Wells Rich Greene Locations: American, Manhattan

☆ Venture capital's new reality check: 'A ton of people looking to get out everywhere'
▼ + stars: | 2024-08-09 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +12 min

PitchBook forecast in a May report that venture firms would raise less than $200 billion in 2024, a 48% drop from the industry's peak in 2021. "They may not see any carry dollars for a long time, maybe into full deployment to the next fund," the growth-stage principal said. AdvertisementBut this type of internal competition, including deal theft and sabotage, has always existed, the growth-stage principal added. 'A ton of people looking to get out everywhere'As the market continues to correct itself, more turnover is likely. "I know a ton of people looking to get out everywhere," the growth-stage principal said.

Persons: —, Michael Moritz, Combinator, they're, Will Champagne, it's, Ellis, Rebecca Zisser, VCs, Junior VCs, there's, Champagne, I'm, inbounds, I've Organizations: Service, Business, TechCrunch, Venture, Bay Area, Big Law, Kirkland, Haize Labs, Area, Junior

☆ Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout
▼ + stars: | 2024-08-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

But all the excitement to get a jump start on Halloween comes as consumers are showing more signs of financial stress. Tricking consumers into treating themselves more“It’s clear that consumers have been interested in buying Halloween products earlier and earlier,” said Champine. Michaels said it started selling Halloween goods in June, the earliest the retailer has ever done so. The initial launch of Halloween goods at Michaels “has been consistently beating our internal expectations,” he added. By selling Halloween goods earlier, they’re likely hoping it’ll decrease the likelihood of having to discount, she added.

Persons: can’t, ”, Laura Champine, they’re, Joe Feldman, Michaels, ” John Gehre, Michaels “, ” Kelsey Robinson, Lance Allen, “, ” Allen, David Zalubowski, they’ve, they’ll, Champine, ” Lowe’s, Feldman Organizations: New, New York CNN, Disney, Walt Disney, Loop, Telsey Advisory, CNN, Costco, Consumer, McKinsey, Labor, Depot Locations: New York, Los Angeles, Sheridan , Colorado, Lowe’s

☆ 'There's a reckoning happening': An underrated risk will crater property values in high-risk markets by up to 60%
▼ + stars: | 2024-08-09 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

That's made Burt even more confident about his long-held thesis, which many property owners are ignoring. For example, flood insurance costs in coastal cities could rise from $5,000 per year to $15,000 under the updated national flood insurance pricing set by the Federal Emergency Management Agency (FEMA), Burt said. And that's assuming flood risk doesn't continue to rise over time, which Burt believes is unlikely. That would be disastrous for all property owners in those markets, even those not trying to sell. Homeowners in cities most vulnerable to the effects of climate change should be sweating, if they aren't already.

Persons: David Burt, Michael Lewis, Burt, That's, I'm, it's Organizations: Service, Business, Federal Emergency Management Agency, FEMA Locations: Lee County , Florida, Fort Myers, Paris, that's

☆ How Taylor Swift and Blake Lively helped 'Deadpool and Wolverine' editor land the job of a lifetime
▼ + stars: | 2024-08-09 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

Shane Reid's journey to co-editing the smash-hit "Deadpool and Wolverine" started, of all places, with Taylor Swift. "Blake sold me through and convinced Ryan and [Director] Shawn [Levy] I was someone they should bring on." In an Instagram story following the release of "Deadpool and Wolverine", Reynolds credited Lively for encouraging him to give Reid a chance. "My wife directed a music video and fell in love with her editor @sreid2," he wrote. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Shane Reid's, Taylor Swift, Reid, Hennessy, Blake Lively, Charlie Puth, ’, Ryan, Ryan Reynolds, Blake, Shawn, Levy, Deadpool, Reynolds, Lively, @sreid2, I've, I'm, Jason, Ivan Reitman, it's, Reitman Organizations: BMW, Adidas, CNBC

☆ I moved to Tokyo to open a bar last year. I'd already lived in a few cities across Asia, but moving was harder in my 30s.
▼ + stars: | 2024-08-09 | by ( Holly Graham | ) www.businessinsider.com time to read: +6 min

My next home was in Seoul, for two years, followed by a decade in Hong Kong — the one place I truly felt at home. AdvertisementI later moved on to become the managing editor of DRiNK Magazine Asia, while I was simultaneously bartending at The Old Man Hong Kong. The book caught my now-business partner's attention and recently led me to Japan to help open a bar, Tokyo Confidential, in the capital. The language barrier is different when you're living here and not just fumbling along as a tourist. The local and global reception to Tokyo Confidential, our craft cocktail bar, has been amazing, too, especially after so many people told me it wouldn't work.

Persons: —, hadn't, Hong Kong's, bartending I'd, wouldn't, they'd, Holly Graham, I'd, Graham, It's Organizations: Service, Business, Magazine, Tokyo, Tokyo Confidential Locations: Thailand, London, Seoul, Hong Kong, bartending, Magazine Asia, Asia, Japan, Tokyo, South Korea

See our picks for the best debt consolidation loans »PenFed Personal Loan FeaturesPenFed Credit Union Personal Loan amounts range from $600 to $50,000. For example, Navy Federal Credit Union Personal Loan amount range is $250 to $50,000, and the range for Connexus Credit Union Personal Loan is $2,500 to $25,000. PenFed Personal Loan Pros and ConsPenFed Credit Union Personal Loan ProsWide range of loan amounts. PenFed Personal Loan ConsYou have to be a member to get your loan. Yes, PenFed Credit Union is a legitimate credit union federally insured by the National Credit Union Administration.

Persons: Coborrowers, you've, You'll, Formally, PenFed, Ryan Wangman, Read, Elias Shaya, Elias Organizations: PenFed Credit Union, PenFed, Pentagon Federal Credit Union, Navy Federal Credit, Connexus Credit, you'll, Social, PenFed Credit, National Credit Union Administration, Better Business, Chevron, Navy Federal Credit Union, Navy Federal, Department of Defense, Connexus Credit Union Connexus Credit Union, Connexus Association, Credit Union, Better Business Bureau, Finance, Northwestern University, Boston Globe Locations: PenFed, Chevron, Wisconsin , Minnesota, Ohio, New York City

☆ Amazon's $4 billion investment in AI firm Anthropic faces U.K. merger investigation
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.nbcnews.com time to read: +4 min

LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. Amazon completed in March a $4 billion investment in Anthropic. As part of the deal Amazon will make Anthropic’s powerful large language models available on its Bedrock platform for building generative AI applications. An Anthropic spokesperson told CNBC: “We are an independent company. The CMA is separately scrutinizing U.S. software giant Microsoft’s multibillion-dollar partnership and investment in AI giant OpenAI.

Persons: Anthropic, Anthropic “, ”, Matt Calkins, Appian, ” Calkins, you’ve, “ Organizations: Markets, CMA, Amazon, CNBC, Microsoft, U.S . Federal Trade Commission, Google, Big Tech Locations: U.S, Anthropic

☆ Pressure mounting on Warner Bros. Discovery CEO David Zaslav to deliver value for shareholders
▼ + stars: | 2024-08-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Discovery CEO David Zaslav needs a win. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is a worthy investment. Warner Bros. Discovery shares have fallen about 70% since April 8, 2022, the day the merger closed. Making matters worse for him, Zaslav has long been one of the highest paid CEOs in the country.

Persons: David Zaslav, Zaslav, Chris Licht, John Malone, That's, WarnerMedia, Robert Fishman Organizations: Warner Bros, Discovery, CNN, Boston, NBA, Warner Bros . Discovery Locations: U.S

☆ Warner Bros. Discovery signals rapid deterioration of television business, sending stock plummeting
▼ + stars: | 2024-08-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

It’s a reflection of how quickly the traditional television business is deteriorating and imperiling companies such as WBD, which rely on linear channels for the bulk of their revenue. The one bright spot in the legacy television business has been live sports programming, which continues to draw high viewership even as cable cancelations mount. To be fair, WBD is not the only once-high flying legacy media behemoth struggling to find its footing in a shifting landscape upended by the Netflixrevolution. Speaking candidly to investors on the company’s earnings call Wednesday, Zaslav acknowledged the dire reality of the television business. “It’s fair to say that even two years ago, market valuations and prevailing conditions for legacy media companies were quite different than they are today,” Zaslav said.

Persons: New York CNN — David Zaslav, WBD, ” WBD, Shari Redstone, David Ellison’s Skydance, Zaslav, “, ” Zaslav, Gunnar Wiedenfels, ” Wiedenfels, we’ve, shouldn’t Organizations: New, New York CNN, Warner Bros, Discovery, CNN, HGTV, TNT, TBS, NBA, . Paramount Global Locations: New York, U.S

☆ Amazon's $4 billion investment in AI firm Anthropic faces UK merger investigation
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Chesnot | Getty ImagesLONDON — E-commerce giant Amazon's multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. As part of the deal Amazon will make Anthropic's powerful large language models available on its Bedrock platform for building generative AI applications. "By investing in Anthropic, Amazon, along with other companies, is helping Anthropic expand choice and competition in this important technology. Amazon's spokesperson added that the company will continue to make Anthropic's models available to customers via Bedrock. "We welcome the opportunity to cooperate with the CMA and provide them with a comprehensive understanding of Amazon's investment and our commercial collaboration."

Persons: Dario Amodei, Anthropic Organizations: Getty, Markets, CMA, Amazon, CNBC, Microsoft, U.S . Federal Trade Commission, Google Locations: Chesnot, U.S, Anthropic

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ The next world’s tallest building could be a 3,000-feet-high battery
▼ + stars: | 2024-08-07 | by ( Amy Gunia | ) edition.cnn.com time to read: +6 min

A combination of technologies — from various forms of batteries to other energy storage methods — will likely be necessary to increase capacity. As shown in this render, energy storage company Energy Vault, along with Skidmore, Owens & Merrill, the architecture and engineering firm behind some of the world's tallest buildings, is integrating gravity energy storage technology into building designs. A view of the world's tallest building, the Burj Khalifa, in Dubai, in December 2022. Two energy storage experts contacted by CNN questioned if the economics of a skyscraper battery could work, given the space that would need to be used for energy storage and the structural changes that would be needed to support the extra weight. Energy Vault has already completed a project in China which it says is the world’s first commercial-scale, non-pumped hydro gravitational energy storage system.

Persons: Chicago’s Willis, Bill Baker, Abdelhadi Ramahi, Robert Piconi, Stefano Boeri, Daniel Safarik, ” Organizations: CNN, Skidmore, Owings, Merrill, Energy, Owens & Merrill, Trade Center, Sears, Burj, International Energy Association ., SOM, Reuters Locations: Burj Khalifa, Dubai, China, Milan, Italian

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