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☆ Global measles cases nearly doubled in one year, researchers say
▼ + stars: | 2024-04-27 | by ( Katherine Dillinger | ) edition.cnn.com time to read: +3 min

CNN —The number of measles cases around the world nearly doubled from 2022 to 2023, researchers say, presenting a challenge to efforts to achieve and maintain elimination status in many countries. The US has had 128 measles cases reported in 20 jurisdictions this year, as of Friday, according to the US Centers for Disease Control and Prevention. Measles was declared eliminated in the US in 2000, “meaning there is no measles spreading within the country and new cases are only found when someone contracts measles abroad and returns,” the CDC says. However, the rapid rise in cases this year poses a threat to that disease elimination status, the agency says. Get CNN Health's weekly newsletter Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team.

Persons: Patrick O’Connor, O’Connor, Dr, Sanjay Gupta, ” O’Connor, ” Organizations: CNN, World Health Organization, ESCMID Global, US Centers for Disease Control, CDC, CNN Health, US Locations: Barcelona, Azerbaijan, Kyrgyzstan, Yemen, kindergarteners

☆ Anchorage Digital launches global crypto settlement network
▼ + stars: | 2024-04-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnchorage Digital launches global crypto settlement networkCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nathan McCauley, co-founder and CEO of Anchorage Digital, discusses the launch of ATLAS, a settlement network that handles both digital assets and U.S. dollars.

Persons: explainers, Nathan McCauley Organizations: Anchorage Digital, CNBC, ATLAS

☆ ‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.

Persons: Vikram, ” Pawan Chandana, “, Pawan Chandana, Narendra Modi, ”, Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, ’, LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore

☆ Defense giant BAE Systems linked to arms deals in countries accused of human rights abuses, report finds
▼ + stars: | 2024-04-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — BAE Systems , the U.K.'s largest defense contractor, has established trading relationships with countries accused of human rights abuses, according to a new report that reveals the extensive reach of its lucrative arms business. Included in those are 13 countries on the U.K.'s human rights abuse watchlist, as well as 29 countries whose military actions have injured or killed civilians. It comes as BAE Systems sales have surged, hitting £194 billion ($242 billion) in the 10 years to 2022, with cumulative operating profits totalling £17 billion over the period, according to the report. The report said the booming trade highlighted how some defense companies were profiting from the lucrative arms trade amid rising global instability. "We know it's a bonanza right now for military sales," Overton said Tuesday, during a press briefing for the report's release.

Persons: Joseph Rowntree, Iain Overton, Overton Organizations: BAE Systems, Joseph, Joseph Rowntree Foundation, BAE, CNBC

☆ Trade is being weaponized, EU's Dombrovskis says
▼ + stars: | 2024-04-17 | 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 EmailTrade is being weaponized, EU's Dombrovskis saysEU's Commissioner for Trade Valdis Dombrovskis discusses global trade at the International Monetary Fund Spring Meetings.

Persons: EU's Dombrovskis, Trade Valdis Dombrovskis Organizations: Trade, International Monetary

☆ Morgan Stanley names global ‘alpha’ stock ideas for April — and gives one nearly 30% upside
▼ + stars: | 2024-04-16 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Looking ahead, those searching for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Among the "notable top-ranked stock ideas" on its list is South Korean commercial bank Hana Financial Group. "Our Korea Financial analyst, Joon Seok ... believes large-cap banks are key beneficiaries of the corporate reform theme," Morgan Stanley's analysts said. Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for April. Notable bottom-ranked stocks Morgan Stanley named its "notable bottom-ranked stock ideas."

Persons: India's, Morgan Stanley's, Joon Seok, Morgan, Joon, Morgan Stanley, Santos, — CNBC's Michael Bloom Organizations: Japan's Nikkei, CSI, Alpha, Japan, Hana Financial, Korea Financial, Financial Services, Novatek Microelectronics, Analysts, Morgan, Berger Paints Locations: India, Japan, China, Asia, Pacific, Korean

☆ IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks
▼ + stars: | 2024-04-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient" despite inflationary pressures and monetary policy shifts. The IMF now expects global growth of 3.2% in 2024, up by a modest 0.1 percentage point from its earlier January forecast, and in line with the growth projection for 2023. The IMF's chief economist, Pierre-Olivier Gourinchas, said the findings suggest the global economy is heading for a "soft landing," following a string of economic crises, and that the risks to the outlook were now broadly balanced. "Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing almost as quickly as it rose," he said in a blog post. But dimmer prospects in China and other large emerging market economies could weigh on global trade partners, the report said.

Persons: Pierre, Olivier Gourinchas Organizations: Monetary Fund, IMF, U.S Locations: Nanjing, China

☆ BP's EV charging arm cuts jobs, reduces global ambitions: Reuters
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +2 min

EV charging, however, remains one of BP's key growth engines. The changes at BP Pulse are "a step towards ensuring that we can execute our goals with even greater precision and effectiveness". BP Pulse has also stepped away from several bets it made since launching its energy transition strategy under previous group CEO Bernard Looney in 2020. BP last May also shut down its home EV charging business. The company says it expects returns from its EV charging and convenience stores operations to exceed 15% and create $1.5 billion in earnings before interest, taxes, depreciation, and amortization by 2025.

Persons: Murray, Tesla, Bernard Looney, Auchincloss Organizations: BP, Reuters, EV Locations: United States, Britain, Germany, China

☆ Protesters Block Roads Across the U.S. to Support Those in Gaza
▼ + stars: | 2024-04-15 | by ( Colbi Edmonds | More About Colbi Edmonds | ) www.nytimes.com time to read: +2 min

Pro-Palestinian protesters shut down traffic Monday morning in cities across the country, part of a global effort to disrupt economies and pressure world leaders to push for a cease-fire in the Gaza Strip. In Chicago, protesters on I-190 blocked traffic coming into O’Hare International Airport, and passengers who’d already arrived started walking on foot with their luggage to catch their flights. In San Antonio, protesters carrying Palestinian flags blocked both sides of the Valero energy company headquarters, jamming traffic on the city’s northwest side. And in Philadelphia, pro-Palestinian protesters organized a teach-in that blocked rush-hour traffic. In Middletown, Conn., for example, pro-Palestinian protesters blocked employees entering and leaving a Pratt & Whitney factory that exports military engines for aircrafts.

Persons: Zimmermann, Protesters Organizations: O’Hare International, City Hall, Philadelphia Inquirer, Pratt & Whitney, aircrafts . Police, Hartford Courant, Protesters Locations: Gaza, California, Oakland, Chicago, O’Hare, San Antonio, Valero, Philadelphia, City, Israel, Middletown, Conn, United States, Athens, Belfast, Northern Ireland, Sydney, Australia, Barcelona, Spain

☆ Energy stocks are hot again. The rally could have more fuel to burn
▼ + stars: | 2024-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.

Persons: Nancy Curtin, “, ”, Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

☆ Here’s where BlackRock sees investment opportunities as demographics shift and the population ages
▼ + stars: | 2024-04-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Aging population plays In developed markets with aging populations , health-care needs will rise, creating an investment opportunity in the sector, Li said. "The relative outperformance of the health-care sector is to be expected in the context of an aging population," Li said. It tracks the health-care sector of the S & P 500 . "An economy-wide, sustained productivity boom is very hard to achieve, especially in the context of the supply constraint coming from, among other things, demographic shortage, aging population," Li said. "If India is able to bring more people into the working population, especially women, that will significantly boost its growth trajectory," she said.

Persons: Wei Li, dwindles, BlackRock, Li, It's, it's Organizations: BlackRock, World Health Organization, United Nations, Healthcare, Bank Locations: BlackRock, Japan, U.S, Indonesia, Mexico, Saudi Arabia, South Africa, India, China

☆ Smucker's fifth-generation CEO said he's no nepo baby and won't let his kids be, either
▼ + stars: | 2024-04-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Mark Smucker, the CEO of J. M. Smucker Company, said the company is a meritocracy. Smucker, a fifth-generation leader, worked outside the company and got a graduate degree before joining. Family members must work outside the company and preferably hold a graduate degree. AdvertisementThe CEO said he was not always keen to join the family business as a child. "One is that you've got to work outside the company no matter what.

Persons: Mark Smucker, —, Smucker's, Orville, Smucker, Fortune, William & Mary, you've, Richard, Richard Smucker, Thomas Kirk Organizations: Smucker, Service, William &, Arizona State, Brightstar Capital Partners, New York Magazine Locations: Orville , Ohio, Alabama, Argentina, South America, Danish

☆ China's plan for reinvigorating its economy has the West worried, but others still see an opportunity
▼ + stars: | 2024-04-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how China's plan for reinvigorating its economy has the rest of the world worried . The country is overproducing goods and then flooding global markets with them to save its struggling economy, writes Business Insider's Huileng Tan. Decades ago, as the country opened up its economy, China underwent rapid industrialization, allowing it to produce cheap goods. AdvertisementUS Treasury Secretary Janet Yellen has already warned China shock 2.0 could destabilize the global economy, specifically impacting green-energy exports . He pointed to China's GDP growth outpacing the US when the numbers are adjusted for disinflation and inflation in each country, respectively.

Persons: —, Chelsea Jia Feng, Huileng Tan, Huileng, China's, Janet Yellen, Tyler Le, Ray Dalio, that's, it's, Dalio's, Nicholas R, Lardy, Donald Trump, M, There's, Angus Deaton, Walter Huang, Sevonne Huang, Justin Sullivan, Alyssa Powell, Tesla, Hubspot, Mikel Jaso, Zers, That's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, West, New York Federal Reserve, Bridgewater Associates, Getty, Apple, Reuters, Google, McKinsey Locations: China, Glendale, Ariz, New York, London, Chicago

☆ A Chinese smartphone maker is breaking into EVs and challenging Tesla. How the stock rates now.
▼ + stars: | 2024-04-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Just as the auto industry was grappling with BYD 's rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player. Meanwhile, Tesla last week revealed that its deliveries fell in the first quarter from a year ago . While he still likes Tesla longer-term , he and his team will hold a client webinar on Xiaomi, Tesla and global EVs on Tuesday. Xiaomi shares nearly reached that price during last week's surge. Meanwhile, Tesla shares are down 34% year to date.

Persons: BYD, Tesla, Lei Jun, Xiaomi, Morgan Stanley, Adam Jonas, Jonas, Morgan, Andy Meng, Meng, Taylor Ogan, Lei, Ogan, BEV, Nick Lai, Gokul Hariharan, Janet Yellen, overcapacity Organizations: Apple, Hong, Snow Bull, EV, JPMorgan, Treasury Locations: Hong Kong, China, Shenzhen, U.S

That's what Spire Global is betting on in its recently announced partnership with AI darling Nvidia . Twelve-year old Spire Global is in the radio frequency sensing business, operating a satellite constellation that collects space-based radio frequency data that can be analyzed and sold as a service. Nonetheless, "at this point in time there is no immediate economic flow from Nvidia to Spire or vice versa," he noted. Spire Global, a small capitalization stock that went public through a SPAC merger in 2021, shot up roughly 40% in response. Spire Global forecasts achieving positive free cash flow this summer, or by the third quarter of 2024.

Persons: Peter Platzer, CNBC's Morgan Brennan, Morgan Brennan, Platzer, Jensen Huang Organizations: Spire Global, Nvidia, Nvidia's

☆ As the world ages, cancer cases are projected to rise, hitting some countries like ‘a tidal wave’
▼ + stars: | 2024-04-04 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

Now, a report from the American Cancer Society projects that by 2050, the number of people with cancer could rise 77%. Overall, the top 10 cancer types in both men and women accounted for more than 60% of newly diagnosed cancer cases and cancer deaths, according to the report. Lung cancer was also the leading cause of cancer deaths, followed by colorectal, liver, breast in women, stomach, pancreatic, esophagus, prostate, cervical and leukemia. “While we do see lung cancers that are not related to smoking, the number one cause of lung cancer is smoking. “Interestingly, pollution and other airborne environmental exposures probably increase the risk of lung cancer in many parts of the world.

Persons: ”, William Dahut, ” Dahut, “ We’re, Lung, Ahmedin Jemal, Dr, Bilal Siddiqui, there’s, Harold Burstein, ” Burstein, “, Sanjay Gupta, Burstein Organizations: CNN, American Cancer Society, Cancer, Global Cancer, Health, University of Texas, Anderson Cancer Center, Dana, Farber Cancer Institute, Harvard Medical School, CNN Health Locations: Saharan Africa, South America, Asia, China

☆ Tesla has a big competitor. And it is China’s BYD
▼ + stars: | 2024-04-03 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +4 min

In 2023, Tesla sold around 230,000 more cars than BYD. That drop was big enough for Tesla, which sold 386,810 BEVs in the same period, to retake its former position despite posting plunging sales. Both Tesla and BYD are expanding beyond their home markets and investing in factories abroad. BYD sold about 3 million electric cars, including hybrids, in 2023 globally. By comparison, Tesla, which does not sell hybrids, delivered a total of 1.8 million vehicles worldwide last year, which was about 19% of the global market for BEVs.

Persons: Hong Kong CNN —, Wang Chuanfu, It’s, Murthy Grandhi, BYD, Tesla Organizations: Hong Kong CNN, Tesla, Toyota, French PSA Group, Fiat Chrysler Automobiles, Chrysler, Maserati, Peugeot, BMW, Ford, Benz, Ferrari, Yuan, Rho, BEVs Locations: China, Hong Kong, Shenzhen, London, United States, American, Shanghai, California, Canada, European

☆ Opinion: Why ‘black swans’ are behind the Key Bridge and other shipping disasters
▼ + stars: | 2024-03-28 | by ( Opinion Salvatore R. Mercogliano | ) edition.cnn.com time to read: +9 min

CNN —The allision between the container ship MV Dali and the Francis Scott Key Bridge in Baltimore on Tuesday has prompted numerous questions — not only about how this tragedy occurred, but also about our global shipping processes. This marked the start of a campaign by the Houthis, in support of Hamas in their attack on Israel, against global shipping transiting the Red Sea, Bab-el-Mandeb and the Gulf of Aden. Now, two years later, Baltimore is closed with remains of the Key Bridge athwart the main shipping channel. No one agency has oversight of or coordinates global shipping or ports in the US. There is also no overall maritime strategy for the nation, although the US Department of Transportation, Maritime Administration has been tasked to develop one.

Persons: Salvatore R, Mercogliano, Francis Scott Key, —, Sal Mercogliano Bennett Scarborough, Dali, ”, Jennifer Homendy, Transportation Pete Buttigieg, John Garamendi of, Dusty Johnson of Organizations: Campbell University, Shipping, YouTube, CNN, MV Galaxy Leader, Baltimore, Federal Highway Administration, Transportation, Bethlehem Steel, Department of Transportation, Maritime Administration, US Coast Guard, Army Corps of Engineers, Maryland Department of Transportation, US Department of Transportation, Federal Maritime Commission, Democratic, Republican, Dusty Johnson of South Dakota, Ocean Shipping Reform Locations: Baltimore, Asia, Suez, Los Angeles, Long, Yemen, Israel, Bab, Aden, China, Argentina, Largo, Dali, Sparrows, United States, John Garamendi of California, Dusty Johnson of South

☆ Mumbai overtakes Beijing to become Asia's billionaire capital for the first time
▼ + stars: | 2024-03-27 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty ImagesMove over, Beijing. Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list. In Asia, Mumbai — India's financial capital — moved ahead with 92 billionaires, according to Hurun. Following close behind are Beijing (91) and Shanghai (87).

Persons: Bruno Morandi, Topping, — Organizations: New, Tuul, Bank, Getty, Research, New York, London, Mumbai, Beijing, Shanghai, Shenzhen, Hong Kong, Moscow, New Delhi, San Francisco, Hurun Research, United States, India, United Kingdom, Germany, Russia, Italy, France Locations: Mumbai, New York, London, Beijing, Shanghai, Asia, China, U.S, India, Switzerland, Brazil

☆ The world's most powerful passports in 2024, ranked
▼ + stars: | 2024-03-27 | by ( Zoe Rosenberg | Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

The Henley Passport Index ranks the most powerful passports in the world for visa-free travel. Passports from 23 other countries provide more global access than a US passport. US passport holders can access 189 countries globally without a visa, putting it in sixth place among world passports on the global mobility spectrum, according to the 2024 Henley Passport Index. AdvertisementPassports from 23 other countries provide more global mobility than a US passport, seven more countries than 2023's ranking. Below are the countries with the most powerful passports, ranked by ascending number of visa-free travel options, based on the 2024 Henley Passport Index.

Persons: —, it's Organizations: Service, International Air Transport Authority, US Locations: Japan, China, India, Venezuela, Finland, Sweden, South Korea, Netherlands, Canada, Poland, Czech Republic

The International Energy Agency, a Paris-based intergovernmental group, notes that in 2023 China accounted for around 60% of global electric car sales. Yellen's remarks are to be delivered Wednesday afternoon at Suniva — a solar cell manufacturing facility in Norcross, Ga. It is reopening, in part, because of incentives provided by the Democrats' Inflation Reduction Act, which provides tax incentives for green energy manufacturing. The European Union, also concerned about the potential threat to its auto industry, launched its own investigation into Chinese subsides for electric vehicles last year. “In the past, in industries like steel and aluminum, Chinese government support led to substantial overinvestment and excess capacity that Chinese firms looked to export abroad at depressed prices,” Yellen said.

Persons: Janet Yellen, China's, ” Yellen, ”, Xi Jinping, Xi Organizations: WASHINGTON, —, International Energy Agency, Treasury, Democrats, China, Trade Organization, U.S, Chinese Commerce Ministry, European Union, “, Communist Party Locations: China, Georgia, Paris, Norcross , Ga, U.S, Beijing

☆ Buy these 2 global stocks as inflation fades, HSBC says — giving one 85% upside
▼ + stars: | 2024-03-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As high inflation appears to be waning, a long-neglected set of stocks stands to benefit as consumers settle into a "new normal" of spending, according to HSBC. The investment bank's latest consumer survey suggests positive signs amid the economic uncertainty of the past two years. Inspired by the survey results, HSBC named two companies it sees benefiting from these emerging consumer trends: French video game giant Ubisoft and Swiss travel retailer Avolta . Ubisoft HSBC said its research pointed to resilient consumer spending on video games, which will benefit video game developer Ubisoft . The bank has a buy rating on the stock with a price target of 35 euros ($37.90), representing more than 85% upside from the current share price of around 18.84 euros.

Persons: Paul Rossington, Pankaj Agarwala, Michael Bloom Organizations: HSBC, Ubisoft, Avolta, Ubisoft HSBC, Mar, AAA, U.S Locations: Swiss, U.S

☆ Baltimore’s Port Handled a Record Amount of Cargo Last Year
▼ + stars: | 2024-03-26 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +2 min

The port handled a record amount of cargo last year, making it the 20th biggest port in the nation ranked by total tons, according to the Bureau of Transportation Statistics. Around the world, about 40 ships, including 34 cargo vessels, have Baltimore listed as a destination, including 10 commercial ships with anchors dropped in nearby waters, according to MarineTraffic, which tracks ships. The arrival of large container ships to the port “continues to demonstrate Baltimore’s capabilities of handling supersized vessels,” Governor Moore said in the statement. The port handled nearly 850,000 cars and light trucks last year, more than in any other U.S. port for the past 13 years. It was the ninth-busiest port in the nation last year for receiving foreign cargo, in terms of volume and value.

Persons: Francis Scott Key, Wes Moore, Georgios Hatzimanolis, ”, Dali, Governor Moore Organizations: Port, Bureau of Transportation Statistics, Gov, Maryland Port Administration, Cruise Line Locations: Port of Baltimore, United States, Maryland, Baltimore, New Jersey, North Carolina, Baltimore’s, State

☆ See the pitch deck that helped a former Goldman Sachs exec raise $5 million for an AI-powered networking startup that feeds deal ideas to bankers
▼ + stars: | 2024-03-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Doctor, then a Goldman Sachs managing director who ran the bank-solutions group based in Hong Kong, was visiting the bank's London office. The AI startup was built to suggest potential deals based on the data it's exposed to. Louisa AI knows that a current Goldman employee used to work at the semiconductor company, and the AI knows a project-finance employee in New York. In an article about solar panels, Louisa AI would link the words "solar panels" to "solar" and then to "renewables." Here's the pitch deck Louisa AI used to raise $5 million to fund its AI-powered deal prompter.

Persons: Rohan Doctor, Goldman Sachs, Doctor, Jim Esposito, Louisa AI, Louisa, Janet Yellen Organizations: Business, Blue9, Insight Partners, Goldman, Oxford Locations: Hong Kong, London, Asia, Oxford, Canada, Here's, Taiwan, New York

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