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☆ Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF
▼ + stars: | 2023-10-20 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Ark Invest's Cathie Wood said this week that investors in her firm's flagship Ark Innovation ETF (ARKK) stand to profit given the artificial intelligence boom. Ark's Innovation fund, which focuses on disruptive technologies such as AI, has gained 17% this year as of Thursday's close. She called out the "Magnificent Seven" mega-cap tech stocks, with the exception of Tesla , the ETF's top holding. We think AI is going to be highly disruptive." For that reason, she suggested that the Ark Innovation ETF was a bet on the future of AI.

Persons: Cathie Wood, Bob Pisani, Wood, Tesla Organizations: Innovation, Ark, CNBC Locations: CNBC's

☆ 'Miracle drug' euphoria: Experts warn widespread use of weight loss medicine faces major hurdles
▼ + stars: | 2023-10-14 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Two experts see major challenges facing the adoption of new obesity drugs. However, she considers data supporting the use of obesity drugs for other conditions including Alzheimer's and alcohol addiction as underdeveloped. Novo Nordisk halted FLOW on Tuesday. As of Friday's close, Novo Nordisk is up 9.82% since its announcement. "Right now, we are seeing active employers, entire states that are declining to cover on the weight loss indication," Patel said.

Persons: Kavita Patel, CNBC's, I've, Eli Lilly, Patel, Obama Organizations: NBC, Novo Nordisk, Nordisk, White, Health Locations: Novo

☆ Investors sit out ether futures ETFs as spot bitcoin fund hangs in limbo
▼ + stars: | 2023-10-12 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investor appetite for ether futures exchange-traded funds has remained muted, despite a surge in new listings. Six new ether futures funds from Bitwise Asset Management, ProShares and VanEck launched on Oct. 2. "Frankly, bitcoin was doing fabulous at the time in 2021 and a lot of folks really didn't understand exactly what that fund was, being bitcoin futures. The six ether futures funds that debuted Oct. 2 attracted just $1.92 million collectively on their first day of trading, according to LSEG. "The absence of a spot bitcoin ETF isn't stopping people from buying crypto.

Persons: VanEck, Ric Edelman, Bob Pisani, Edelman, bitcoin, — Organizations: Bitwise Asset Management, Digital Assets, Financial Professionals, The Securities, Exchange Commission, SEC Locations: CNBC's

☆ Rolling Stone co-founder Jann Wenner removed from Rock Hall leadership after controversial comments
▼ + stars: | 2023-09-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Jann Wenner, co-founder of Rolling Stone magazine, has been removed from the Rock & Roll Hall of Fame Foundation’s board after facing widespread criticism for controversial comments made in a New York Times interview published Friday about female and Black musicians. “Jann Wenner has been removed from the board of directors of the Rock & Roll Hall of Fame Foundation,” Joel Peresman, the president and chief executive of the foundation, told the New York Times in a statement Saturday. CNN has reached out to the Rock & Roll Hall of Fame for comment. In the interview, he spoke about his decision to not include interviews with women and Black artists, and his remarks on the topic were widely criticized. He was inducted in the Rock & Roll Hall of Fame as an individual in 2004, and is a co-founder of the Rock & Roll Hall of Fame Foundation.

Persons: CNN — Jann Wenner, “ Jann Wenner, ” Joel Peresman, Wenner, John Lennon, Bob Dylan, Mick Jagger, “, ”, Stevie Wonder, Marvin Gaye, Curtis Mayfield, Otis Redding, Brown, I’ve, Ralph J, Gleason Organizations: CNN, Rolling Stone, Roll Hall, Fame, New York Times, Roll Hall of Fame Foundation, Roll Hall of Fame, Times, Company, The New York Times, Stone Locations: Rolling, Little

☆ Michael McGrath, Tony Winner and ‘Spamalot’ Veteran, Dies at 65
▼ + stars: | 2023-09-15 | by ( Neil Genzlinger | More About Neil Genzlinger | ) www.nytimes.com time to read: +1 min

Michael McGrath, who won a Tony Award in 2012 for his work in the musical “Nice Work if You Can Get It” and was a regular on Broadway, Off Broadway and regional stages, known especially for comedic roles and for his ability to conjure the likes of Groucho Marx, George M. Cohan and Jackie Gleason, died on Thursday at his home in Bloomfield, N.J. His family announced the death through the publicist Lisa Goldberg. No cause was provided. Mr. McGrath was one of those stage actors who might rarely be recognized on the street yet worked steadily for decades, drawing good notices throughout. He did much of his early work at Theater by the Sea in Matunuck, R.I., where he appeared regularly from 1977 to 1991, including in the title role of a 1989 production of “George M!,” the musical about Cohan, the famed song-and-dance man.

Persons: Michael McGrath, Groucho Marx, George M, Cohan, Jackie Gleason, Lisa Goldberg, McGrath, “ George M, ” Michael Burlingame, “ McGrath, Luciano Pavarotti, “, Mel Gussow, ” Organizations: New York Times Locations: Bloomfield , N.J, Matunuck, London, Conn, New York

☆ Criteo sees a $42 billion opportunity from retail media, but must solve a challenge that could cut those revenues by 20%
▼ + stars: | 2023-09-12 | by ( Ryan Joe | ) www.businessinsider.com time to read: +2 min

Criteo is eyeing a $42 billion slice of the retail media market. A glut of retail media networks could reduce that $42 billion retail media opportunity by 20%. Criteo said that this type of "fragmentation" could cause retail media revenues to drop 20%. He said brands will often buy across three or four individual retail media networks, which means smaller retail media networks can struggle to attract advertising dollars. The Trade Desk's CEO Jeff Green has previously announced his ambition to control "most" of the retail media market and it has aggressively sought partnerships to prove that retail ads drive sales, to inspire more advertisers to buy retail media.

Persons: Criteo, Let's, Brian Gleason, Megan Clarken, You've, Andrew Lipsman, Lipsman, Jeff Green Organizations: Boston Consulting, Amazon, New York City, Intelligence, Trade Locations: China —, New York

HARRISBURG, Pa. (AP) — Republicans trying to recapture the U.S. Senate majority have the candidate they want in Pennsylvania. Almost since the moment he lost last year's Senate GOP primary, McCormick has floated the possibility that he would again seek the party's nomination for the U.S. Senate, this time to challenge three-term Democratic Sen. Bob Casey. “At this point, if Dave McCormick doesn't run, it'll be the biggest head fake in Pennsylvania political history,” said Vince Galko, a Republican campaign strategist based in northeastern Pennsylvania. For a party that has struggled — both nationally and in Pennsylvania — with nominating polarizing and badly flawed candidates for Senate, some in Pennsylvania worry that another fringe candidate could capture the nomination and embarrass the party anew if McCormick doesn’t run. If McCormick doesn't run, some party officials worry about the caliber of available alternatives at this relatively late stage.

Persons: David McCormick, McCormick, Democratic Sen, Bob Casey, Dave McCormick doesn't, it'll, ”, Vince Galko, Donald Trump, Joe Biden, —, “, Rob Gleason, Mitch McConnell —, “ That’s, Sam DeMarco, Dave, Dave McCormick, he's, Mehmet Oz, Oz, Democrat John Fetterman, Biden, Casey, Trump, lustily, ” McCormick, ‘, Gleason, DeMarco, Linley Sanders, Marc Levy Organizations: —, U.S, Senate, GOP, U.S . Senate, Democratic, Republican, White, Labor, National Republican Senatorial Committee, Fund, McCormick, Allegheny County GOP, Republican Party of Pennsylvania, Trump, Democrat, Publicly, Associated Press, NORC, for Public Affairs Research, Trump Republicans, Twitter Locations: HARRISBURG, Pa, Pennsylvania, Allegheny County, U.S, Washington

But automatically calling something cancer can lead to aggressive treatment, even if the cancer in question is unlikely to cause problems. For prostate cancer, a biopsy showing a grade of Gleason 6 (also known as Grade Group 1) is considered low or very low risk. In breast cancer, diagnosis of ductal carcinoma in situ, or DCIS, is similarly low or very low risk, representing the very earliest, noninvasive stage of the disease. These findings make up about 20 percent to 25 percent of all prostate and breast cancer diagnoses in the United States, involving about 100,000 people annually. Accordingly, many make the understandable choice of aggressive treatment they don’t require.

Persons: Gleason, Esserman Locations: United States

☆ Exclusive: Head of engineering for Trump’s Truth Social app resigns
▼ + stars: | 2023-07-17 | by ( Helen Coster | ) www.reuters.com time to read: +2 min

NEW YORK, July 17 (Reuters) - The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday he had resigned, in a blow for the venture. Gleason is the founder of Soapbox Technology, which provides open-source technology for “decentralized” social media platforms that operate on independently-run servers and provide an alternative to Twitter and Facebook. TMTG hired Gleason in January 2022 to adapt Soapbox’s technology for its own needs, eventually using it as the front-end technology - which users see and interact with - for the Truth Social app. Truth Social has struggled to show strong growth in the number of users since its February 2022 launch. Truth Social has an estimated 607,000 monthly users, according to data from Similarweb.

Persons: Donald Trump’s, Alex Gleason’s, Gleason, TMTG, Trump, DWAC, Helen Coster, Deepa Babington Organizations: YORK, Trump Media & Technology, Trump, U.S, Capitol, Twitter, Facebook, Social, Similarweb, Justice Department, Securities and Exchange Commission, Thomson

☆ The Labor Department only fines businesses on average $8,500 when a worker dies from a heat-related illness
▼ + stars: | 2023-07-16 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

The average federal fine for a US employer, when a worker dies from heat-related illness, is $8,539.98. The three-year average of heat-related worker deaths has doubled since 1990, a 2021 report from NPR and Columbia Journalism Investigations revealed. According to federal data reported between 2017 and 2022, the Department of Labor fines businesses governed by federal OSHA regulations an average of just $8,539.98 if an employee dies because of heat-related illness. Gleason also noted that federal OSHA fines for worker deaths are significantly smaller than that of other federal agencies. "The average Environmental Protection Agency penalty is 10 times that of federal OSHA for a worker that dies," Gleason said.

Persons: Eugene Gates Jr, Felipe Pascual, Richard Gleason, Gleason, West Virginia —, Thomas Linkous, — Farrell, — Organizations: Service, NPR, Columbia, Investigations, US Postal Service, University of Washington, Occupational Safety, Health Administration, Department, Labor, OSHA, Environmental, Agency, The Department Locations: United, Wall, Silicon, United States, Dallas, Houston, West Virginia, Wisconsin, California, Washington, Oregon

July 11 (Reuters) - Amazon.com (AMZN.O) hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year's "Prime Day" 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents and food prices for consumers ahead of Prime Day, which falls on July 11-12 this year. CFRA Research analyst Arun Sundaram said Amazon's U.S. Prime Day discounts this year are mostly deeper than in previous years. Amazon Prime members can also save up to 40% on items such as Sherpani bags and ZOA Energy drinks, by checking out using "Buy with Prime," directly from Amazon's third-party merchants. Amazon plans yet another Prime sales event this year, according to screenshots of its seller notification platform seen by Reuters.

Persons: Arun Sundaram, Michael Ashley Schulman, Schulman, Brian Gleason, Sundaram, Granth Vanaik, Ananya Mariam Rajesh, Arriana McLymore, David Gregorio Our Organizations: CFRA, Sony, Bank of America, Amazon, Energy, Amazon's, Adobe, Running, Capital Advisors, Exchange, Priceline's, Express, Walmart, Reuters, Thomson Locations: United States, Bengaluru, New York City

☆ Exclusive: Most patients using weight-loss drugs like Wegovy stop within a year, data show
▼ + stars: | 2023-07-11 | by ( Chad Terhune | ) www.reuters.com time to read: +4 min

The annual cost of overall care for patients prior to taking Wegovy or a similar drug was $12,371, on average, according to the analysis. The costs for a similar control group of patients not taking the drugs decreased by 4% over the same period. The analysis by Prime Therapeutics, a pharmacy benefits manager (PBM), reviewed pharmacy and medical claims data for 4,255 people with commercial health plans. For the analysis, Prime Therapeutics excluded patients with type 2 diabetes to focus on obesity treatment. In trials with adults, Novo found that 6.8% of patients taking Wegovy discontinued treatment due to gastrointestinal problems and other adverse events.

Persons: Wegovy, Khrysta Baig, Patrick Gleason, Novo, aren't, Gleason, David Lassen, Lassen, Chad Terhune, Michele Gershberg, Bill Berkrot Organizations: Reuters, Vanderbilt University, Novo Nordisk, Prime Therapeutics, Therapeutics, U.S, Blue, Thomson Locations: Danish

☆ Inside your company's struggle over whether to pay for hot, new weight-loss drugs
▼ + stars: | 2023-06-20 | by ( ) www.businessinsider.com time to read: +10 min

Americans are clamoring for new weight-loss drugs, but companies aren't rushing to pay for them. At most, half of US employers help pay for weight-loss drugs for their workers, according to several estimates. "The drug companies, providers, and patient groups are insisting that weight loss will improve health and therefore offset these massive costs. Known as GLP-1 agonists, the drugs — Wegovy and Ozempic from Novo Nordisk and Eli Lilly's Mounjaro — mimic a gut hormone known as glucagon-like peptide 1, helping to suppress people's appetites and slow their digestion. Brent Eberle, the chief pharmacy officer at Navitus, said very few of the employers that worked with his pharmacy-benefit manager paid for weight-loss drugs.

Persons: that's, They're, AJ Loiacono, Li Ran, James Gelfand, Eli Lilly's, Ozempic, drugmakers, Brent Eberle, Navitus, Eberle, it's, Pat Gleason, Gleason, Wegovy, Eli Lilly, Lilly, Florian Gaertner, Loiacono Organizations: Morning, Novo Nordisk, Getty, Workers, Drugmakers, Therapeutics, Blue, Mayo Clinic, and Drug Administration, Capital Locations: Novo, Xinhua

☆ How to Succeed at Failure
▼ + stars: | 2023-06-08 | by ( Gregg Opelka | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/how-to-succeed-at-failure-jackie-gleason-comedy-youre-in-the-picture-33d384b0

Persons: Dow Jones, gleason

☆ Apple says your iPhone will soon be able to speak in your voice with 15 minutes of training
▼ + stars: | 2023-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

That includes "Personal Voice," which will replicate your voice through AI in 15 minutes. If you have an iPhone or iPad, you'll soon be able to hear it speak in your own voice, Apple announced Tuesday. The Personal Voice feature in use. It's not the first time Apple has ventured into the AI voice market, as iPhone users will be familiar with Siri. It's not clear exactly when Personal Voice will be available, but Apple says it'll be before the end of the year.

☆ A Swinging Duo of Duke Ellington Films
▼ + stars: | 2023-04-20 | by ( Will Friedwald | ) www.wsj.com time to read: +1 min

John Lamb on bass, Duke Ellington on piano, Johnny Hodges on alto sax and Lawrence Brown on trombone at Grace Cathedral Photo: Bettmann ArchiveDuke Ellington is between sets in his dressing room at San Francisco’s Basin Street West. “Do you want the snore in there?” he says, as he starts to lie down for a nap. Then, surprisingly, he chooses instead to engage with the interviewer—the music critic and television producer and host Ralph J. Gleason —and the camera crew who, by that time, have been trailing Ellington for a month. He also demonstrates a piece that he is in the middle of writing with his musical partner, Billy Strayhorn . It’s a rare example of a very candid Ellington letting the rest of us into his world and creative process.

☆ How Unusual Was This Winter’s Snowfall Across the U.S.?
▼ + stars: | 2023-04-12 | by ( Zach Levitt | Elena Shao | ) www.nytimes.com time to read: +9 min

Boston New York City 120 inches 120 80 80 Previous years since 2003 40 40 This year Oct. Dec. Feb. Apr. Oct. Dec. Feb. Apr. Philadelphia Washington, D.C. 120 120 80 80 40 40 Oct. Dec. Feb. Apr. Oct. Dec. Feb. Apr. Boston 100 inches Previous years since 2003 80 60 40 20 This year Oct. Dec. Feb. Apr.

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CompaniesCompanies Law Firms Conocophillips FollowApril 3 (Reuters) - A federal judge on Monday rejected a bid by environmentalists to temporarily suspend the U.S. government’s approval of ConocoPhillips' (COP.N) multibillion-dollar oil drilling project in Alaska’s Arctic. Gleason said an injunction was inappropriate because the groups wouldn't be irreparably harmed by the construction that ConocoPhillips has scheduled for this month, which includes building roads and a gravel mine. Bridget Psarianos, an attorney challenging the approval, called the planned construction schedule "aggressive" and said the judge's decision is "heartbreaking." The approvals for the project in northern Alaska give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The 30-year project would produce up to 180,000 barrels of oil per day at its peak, according to the company.

☆ Regional bank stock plunge creating key entry point for investors, top analyst says
▼ + stars: | 2023-03-13 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. The SPDR S&P Regional Banking ETF dropped by more than 12% on Monday after regulators shuttered Silicon Valley Bank and Signature Bank. When asked which regional banks look most attractive, Marinac recommends Fifth Third Bank . Marinac also named Truist as a top sector pick, saying the company has a competitive advantage among regional banks after selling a portion of its insurance unit. Truist stock has dropped 30% over the past five sessions.

Companies Conocophillips FollowWASHINGTON, March 13 (Reuters) - The oil industry on Monday cheered the U.S. government's greenlighting of ConocoPhillips' multibillion-dollar oil drilling project in Alaska's Arctic, but court challenges could mire the plans in further delays. President Joe Biden's administration approved a trimmed-down version of the $7 billion Willow project on federal lands in a pristine area on Alaska's north coast. Kristen Monsell, a senior attorney at the Center for Biological Diversity, another group involved in the previous suits, said Monday's approval for the Willow project is "still inadequate in numerous respects." Senator Dan Sullivan, a Republican from Alaska, told reporters the state's lawmakers are prepared to defend the decision against "frivolous" legal challenges. Even if Interior could beat back the oil company's challenge, it would probably only mean another delay for Willow, he said.

☆ Investors have tough choices now with yields for money market funds on the rise
▼ + stars: | 2023-02-05 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

The " Fast Money " traders are looking to capitalize on the rising yields in money market funds and dividend-paying stocks. The largest taxable money market funds, as ranked on Crane Data's 100 list, are yielding an average 4.18% as of Feb. 2 — returns not seen since the financial crisis. Money market funds jumped to an all-time record $4.82 trillion in total assets the week ended Feb. 1, according to the Investment Company Institute. Higher-return dividend payers, which carry more risk, may be an option for investors looking for safety right now, too. "I won't hold it against them, however, if they do have a great dividend," Finerman added.

The United States experienced 18 extreme weather events last year that each caused at least $1 billion in damages, according to a report released Tuesday by the National Oceanic and Atmospheric Administration. Weather and climate disasters across the country resulted in more than $165 billion in damages in 2022, making it the third-costliest year on record, NOAA officials said. Despite a slow start to last year's hurricane season, three storms resulted in at least $1 billion in damages: Hurricane Fiona, Hurricane Ian and Hurricane Nicole. Hurricane Ian, which slammed into southwestern Florida in late September and caused widespread destruction, resulted in nearly $113 billion in damages, the report found. NOAA’s findings offer a glimpse of the major toll that extreme weather events are already having and the country’s vulnerability to climate disasters in the future.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ Police officers to receive Congressional Gold Medals for Jan. 6
▼ + stars: | 2022-12-06 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

To recognize the hundreds of officers who were at the Capitol on Jan. 6, the medals will be placed in four locations — at U.S. Capitol Police headquarters, the Metropolitan Police Department, the Capitol and the Smithsonian Institution. Awarding the medals will be among House Speaker Nancy Pelosi’s last ceremonial acts as she prepares to step down from leadership. Officers suffered physical wounds, including brain injuries and other lifelong effects, and many struggled to work afterward because they were so traumatized. Two police officers died by suicide in the days that immediately followed, and a third officer, Capitol Police Officer Brian Sicknick, collapsed and later died after one of the rioters sprayed him with a chemical. The Congressional Gold Medal, the highest honor Congress can bestow, has been handed out by the legislative branch since 1776.

☆ This non-profit has raised over $10 million to support Indigenous women entrepreneurs: 'It's up to us to close the racial wealth gap'
▼ + stars: | 2022-11-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Here's how one non-profit, Native Women Lead, is enabling Indigenous women's economic mobility:'It's up to use to close the racial wealth gap'Native Women Lead was founded in 2017 by eight Native American women entrepreneurs: Jaime Gloshay, Kalika Davis, Lisa Foreman, Kim Gleason, Vanessa Roanhorse, Alicia Ortega, Stephine Poston and Jaclyn Roessel. That conversation inspired the creation of Native Women Lead, an Albuquerque-based non-profit that aims to help Indigenous women entrepreneurs across the world access the capital, mentors, financial education and support needed to thrive in their careers and narrow the wealth gap. To date, Native Women Lead has provided about $500,000 to 65 Indigenous women entrepreneurs through the two funds, partnering with credit unions and investing firms such as Nusenda Credit Union and ImpactAssets to connect entrepreneurs with capital. While closing the wealth gap might start with funding opportunities, Native Women Lead views wealth as "more than just revenue or profits," Stephine Poston, one of the group's co-founders, says. Keeping this in mind, Native Women Lead offers wellness-focused retreats for Indigenous women as well as fireside chats on self-care practices, healing from trauma and other mental health topics.

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