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Musk could "sacrifice some of the short-term interest in Tesla," Ward added, "if it'll satisfy the long-term interests of his ambitions." Musk and Tesla didn't respond to requests from Reuters for comment. The growing bond between Trump and Musk could be on display Monday night, when the Tesla boss is scheduled to interview the Republican candidate on X, Musk's social media platform. It's unclear exactly what ambitions Musk could seek to advance through his increasingly vocal rejection of progressive platforms – from EV subsidies to identity politics. A Reuters review of Congressional lobbying records – and Tesla's public comments to federal and state regulators – shows that the company has continued working to shape public policy in favor of such benefits.
Persons: Elon Musk, Samuel Corum, Donald Trump, Tesla, Biden, Trump, , Elon, Mike Murphy, Andrew Ward, Ward, Musk, Gavin Newsom Organizations: Tesla Inc, Bloomberg, Getty, Tesla, Republican Party, Democratic Party, U.S . Environmental Protection Agency, Republican, Reuters, Lehigh University, Trump, Democratic, U.S . Department of Energy, U.S . Department of, Treasury Locations: Washington , DC, U.S, California, Los Angeles, EVs, Fremont , California
In three interviews broadcast on Sunday morning, Senator JD Vance of Ohio, the Republican vice-presidential nominee, repeated his description of Democrats as “anti-family,” defended former President Donald J. Trump’s abortion policies and suggested that Vice President Kamala Harris was racist. He added that the idea of giving children the right to vote but letting their parents have control of the votes, which he floated in 2021, had been a “thought experiment” that he hadn’t really meant. “I want us to have more families. And obviously sometimes it doesn’t work out, sometimes for medical reasons, sometimes because you don’t meet the right person. But the point is that our country has become anti-family in its public policy.”He told ABC News of the idea of giving parents more votes through their children, “If it was a policy proposal, I would have made the policy proposal in my two years in the United States Senate.”
Persons: JD Vance, Ohio, , Donald J, Kamala Harris, Vance —, , ” —, “ I’m Organizations: Republican, CNN, ABC News, United States Senate
Gavin Newsom’s recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. Now it’s time for locals to do their job.”But members of the homeless community say they have nowhere to go. “It’s absolute mayhem and craziness,” said Jeni Shurley, a member of the homeless community in Los Angeles. San Francisco has about 8,000 homeless people — the second most in the state behind Los Angeles, with about 75,000. Barger added that the city was working to maintain the trust of the homeless community while working to dismantle the camps.
Persons: Gavin Newsom’s, Newsom, , ” Newsom, We’ve, , Jeni Shurley, Shurley, that’s, “ I’ve, ” Laura Valdez, Tara Gallegos, Newsom’s, Mayor London Breed, Kathryn Barger, Barger, Darrell Steinberg, Steinberg, they’re, ” Steinberg Organizations: Gov, Department of Housing, Urban Development, Democrat, Supreme, D.C, Public, Institute of California, San Francisco’s Mission, NBC News, Mayor London, Los Angeles County, Supervisors, Republican, NBC, Sacramento Locations: California, New, , Los Angeles, Oregon , Colorado , Louisiana , Missouri, Washington, San Francisco’s, San Francisco, Los, Sacramento
And when I went viral, I said, "Okay, I need to do the most with this. There's something called survivor Social Security, and when you lose a parent, you're able to receive that benefit. Advertisement'We are stronger when we help each other'After I went viral, my congressman, Rep. Hank Johnson, came to my town. It's been great to talk about these issues and the work I've been doing for years and to have a larger platform. And that's when those social safety net programs, like Social Security, that neighborliness of our country, that joy, that communal care, comes in because we should help each other.
Persons: , Parker, Atlanta —, Kendrick Lamar, Kamala Harris, Royce —, I've, John Lewis, Parker Short, Jon Ossoff, Jimmy Carter —, Trump, Sen, Hank Johnson, It's, she's, I'm Organizations: Service, Sanford School of Public, Duke University, Young Democrats, Democratic Party of Georgia, Young Democrats of America, Business, Civil Rights Movement, Social Security, University of Michigan's Ford School of Public, Medicaid, Medicare Locations: Georgia, Dunwoody , Georgia, Atlanta, America
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
Read previewA woman who said she would be handing in her two weeks' notice at work was shocked when her company terminated her employment immediately without pay. She said she would give her two weeks' notice when she was ready. Afraid You Might Be," told BI that this is when the phrase "at will" matters. Jessica B. Summers, principal employment and labor attorney at Lerch, Early, & Brewer, told BI nobody was technically in the wrong in this case. "So when an employee says they are leaving, absent a contract, the employee does have the legal right to end the relationship before the last day proposed by the employee," Summers said.
Persons: , Kelsi, Tom Spiggle, Spiggle, Jessica B, Summers, Brewer, Andrew Zelman, doesn't, Jonathan Hinton Westover, Janice Killion, Killion Organizations: Service, Business, BI, Washington DC, Fort, Utah Valley University Locations: Washington, Lerch, Montana, Berger, Fort Lauderdale
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Walz was the most 'do no harm' candidate, says Libby Cantrill on Harris' VP selectionDon Peebles, CEO and chairman of the Peebles Corporation, and Libby Cantrill, PIMCO’s head of public policy, join 'The Exchange' to discuss Vice President's potential vice president pick for the upcoming presidential election.
Persons: Tim Walz, Libby Cantrill, Harris, Don Peebles Organizations: Peebles Corporation
Nvidia rocketed to the top of the tech industry by providing the computer chips essential to building artificial intelligence. By the end of last year, it had more than a 90 percent share of those chips sold around the world. Nvidia wasn’t ready for the attention, and is now racing to build the staffs and offices needed to respond. Just last year, Nvidia started searching for an office in Washington and hired four public policy employees. And it has begun developing a strategy to respond to government interest.
Persons: Nvidia rocketed, Nvidia wasn’t Organizations: Nvidia, European Union Locations: Britain, China, Washington
The first round of Medicare drug price negotiations has come to an end – but we still don't know the final prices that the U.S. government and pharmaceutical companies have agreed on. They all maintain that Medicare drug price negotiations are a long-term threat to the pharmaceutical industry's drug innovation and profits, but the immediate dust has somewhat settled. That's based on executive commentary during the recent quarterly earnings calls of Bristol Myers Squibb and Johnson & Johnson , among other companies. Novartis CEO Vasant Narasimhan said on July 18 that the short-term impact from Medicare drug price negotiations "might be manageable on our first set of drugs." Executives at each of the drugmakers similarly emphasized their opposition to Medicare drug price negotiations on their respective earnings calls.
Persons: Joe Biden, Johnson, Joe Biden's, Christopher Boerner, Bristol Myers, Robert Michael, We've, Michael, Jennifer Taubert, Vasant Narasimhan, Narasimhan, Bristol Myers Squibb's Boerner, Boehringer Ingelheim, Annika Organizations: National Institutes of Health, Medicare, Bristol Myers Squibb, Johnson, Pfizer, J, Novartis, Merck, Novo Nordisk, AstraZeneca Locations: Bethesda , Maryland, U.S, annikakim.constantino@nbcuni.com
Similar to US manufacturing workers who lost their jobs in recent decades to advancements like automation, those displaced by AI could find themselves without the skills needed for the modern workforce. It comes down to when — and where — AI job losses are likely to materialize. Davis said there are several reasons workers who are displaced by AI should have an easier time finding work than many manufacturing workers of the past. Impacted workers in cities would be more likely to have job opportunities than workers where manufacturing jobs were concentrated, which often were in the Midwest. Widespread AI job displacement won't happen for at least a decadeWhile Davis is uncertain about the timing and scale of AI job displacement, he said he doesn't expect AI to drive major job losses over the next decade.
Persons: , Goldman Sachs, It's, Steven Davis, Hoover Institute —, Davis, it's, — Davis, they've, they're, Joe Biden, there's, Jim Covello, that's Organizations: Service, Business, Hoover Institute, Stanford University —, Bureau of Labor Statistics —
Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. Recently, the OpenAI CEO also floated the idea of what he calls "universal basic compute." AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.
Persons: , UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP
Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.
Persons: , UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP
With Harris at the top of the ticket, Democrats now see a chance to refocus voters on the issue and restore their margins among the abortion rights voters who had notably drifted away from Biden. In both the 2020 and 2022 campaigns, voters who backed legal abortion provided overwhelming support to Biden and other Democratic candidates. Across all of those battleground states, Biden this year was performing well below that level with voters who support legal abortion, polls have found. Those abortion rights voters also split about evenly on whether Biden or Trump was better for the economy. “Many of them aren’t single issue abortion voters; they are worried about the economy and inflation, they are worried about immigration,” McLaughlin said.
Persons: Kamala Harris, Joe Biden, wasn’t, Donald Trump’s, Harris, Biden, , Democratic pollster Anna Greenberg, “ It’s, Dobbs, Charles Franklin, Tony Evers, Katie Hobbs, Josh Shapiro, Gretchen Whitmer, Whitmer, Shapiro, Franklin, Trump, Roe, Wade, , Lake, Melissa Williams, ” Harris, Tresa Undem, ‘ what’s, , Greenberg, ” Greenberg, , John Della Volpe, Della Volpe, energize, Jason Cabel Roe, ” Trump, He’s, “ Donald Trump, Jim McLaughlin, McLaughlin, ” McLaughlin, Williams, JD Vance, ” Williams Organizations: CNN, Democratic, Edison Research, Democratic House, Democrats, Marquette Law School, SSRS, Quinnipiac University, Yahoo, Quinnipiac, Trump, Times, YouGov, Biden, Catholic, ” Voters, GOP, Harvard Kennedy School Institute of Politics, Republican Party, , Republicans, White House Locations: The Marquette, Pennsylvania , Wisconsin, Arizona, Georgia, Wisconsin, Pennsylvania, Michigan, London, Harris, Iowa, America, Trump
AdvertisementDeclining birth rates have been a huge bugbear for Asian countries like Japan and South Korea. Vanessa LeeLee, who owns two dogs and a cat, said that governments may be overestimating the effectiveness of one-off interventions in bolstering birth rates. AdvertisementShe added that a shift in societal mindsets toward work and family needs to occur for her peers to consider having children. But it also doesn't guarantee that having sex brings children and that not having sex is the only reason why people are not having children," Gietel-Basten said. Low birth rates, according to HKUST's Gietel-Basten, are a "barometer of the challenges in society" and should thus be seen as "symptoms of problems in a society."
Persons: , Vanessa Lee, Lee, Elon Musk, Paulin Straughan, Poh Lin Tan, Tan, Jonas Hue, Vanessa Lee Lee, It's, Emily Huang, Stuart Gietel, Basten, SMU's Straughan, Straughan, HKUST's, we're Organizations: Service, Business, Internal, Ministry, Asahi Shimbun, South, Singapore Management University, Singapore's Institute of Policy, Nordic, Hong Kong University of Science, Technology Locations: Singapore, Japan, South Korea, Korea, Tokyo, Seoul, Sweden, Finland, Hong Kong, Basten
The topic of Temu and Shein's growth will hover over tech earnings this week, as Amazon reports second-quarter results alongside Meta, eBay and Etsy. watch nowIn Amazon's report on Thursday, the company is expected to show revenue growth of about 11% to $148.6 billion, according to LSEG. That's where Temu and Shein come into play, as merchants now have new ways to get products to American consumers. Amazon has continued to highlight its delivery prowess and its focus on speed in the face of growing competition from Temu and Shein. However, while it's long touted itself as the "lowest-priced U.S. retailer," Amazon has shown that it's well aware of Temu and Shein's increasing popularity.
Persons: Stefani Reynolds, David Zapolsky, Zapolsky, it's, Shein, Andy Jassy, Jassy, It's, Angus Mordant, Temu, Meta, Susan Li, Jamie Iannone, Etsy, Amazon, Amazon's Zapolsky Organizations: Apple, CNBC, Afp, Getty, eBay, Meta, Etsy, Tech, YouTube, Microsoft, Intel, Qualcomm, Google, PDD Holdings, Amazon, European Union, Bloomberg, Barclays, Finance, EBay, Bank of America, Walmart Locations: U.S, China, Temu, New York, Asia, Pacific, San Francisco, Singapore
The majority of those going into debt do so by charging travel expenses on a credit card, with 20% of respondents saying they would rather skip a credit card payment and put the money toward a vacation. The mindset is “‘I can’t buy a house, I’m not sure I can afford college or grad school, so I might as well go to Spain and backpack. ”They think (credit card debt) is not as risky as it is. They don’t care so much about not getting into debt.”King adds that social media has changed the way many people think about travel. “Eventually, if I’m going to get a house, I’ll get a house.
Persons: CNN — “, , Lisa Fraser, , Elizabeth Currid, Halkett, Tim Gurner, something’s, I’m, ’ ” Alex King, they’re, Fraser, FOMO, King, It’s, I’ll Organizations: CNN, University of Southern, United Locations: Taipei, Budapest, New York, University of Southern California, Spain, Hong Kong
one memo from the Harris campaign read. The Harris campaign has already sent out fundraising emails with the subject line, "What happened to: 'Any time, any place?'" Campaign experts who spoke with BI said that the attacks so far appear to be working but also recognized that voters are still seeing the early formations of Harris' campaign. AdvertisementBloomberg reported that Harris' campaign has narrowed her list to three names, citing sources familiar with the matter, to Arizona Sen. Mark Kelly, Pennsylvania Gov. A Harris campaign spokesperson did not immediately return a request for comment from Business Insider.
Persons: , Joe Biden, Kamala Harris, haven't, Evan Siegfried, Harris, Biden, Seigfried, Trump, Blunt, JD Vance, Trump's, rebutting Vance, Christian Grose, Grose, Siegfried, goading Trump, Costas Panagopoulos, Panagopoulos, Tim Hogan, Arizona Sen, Mark Kelly, Josh Shapiro, Tim Walz Organizations: Service, Democratic, Biden, Business, Republican, Trump, University of Southern, GOP, Northeastern University, Politico, BI, Bloomberg, Minnesota Gov Locations: Ohio, University of Southern California, Arizona, Pennsylvania
But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.
Persons: , Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia
A Thursday report from Zillow indicates that a typical starter home is now worth $1 million or more in 237 cities, up from 84 cities in 2019, underscoring America’s ongoing home affordability crisis. “We see the largest number of million-dollar starter homes in expensive coastal markets. To further complicate things for first-time buyers, the value of starter homes has grown at a faster pace than the average home. According to Zillow, starter home values have grown 54.1% over the past five years, while the average US home has increased by 49.1%. The nationwide average price tag for a starter home is $196,611, according to Zillow.
Persons: underscoring, ” Orphe, , It’s, homebuyer, Zillow, Jeffrey Jenkins, Divounguy, “ That’s, , Lawrence Yun Organizations: CNN, Gallup, National Association of Realtors, University of Southern Locations: Zillow, California , New York, New Jersey, University of Southern California, United States
New York CNN —With Vice President Kamala Harris the front runner to receive the Democratic Party’s nomination for president, America’s most powerful industry is set to have a candidate on the ballot from its home turf. Harris’ failed 2020 presidential bid received support from various tech luminaries, including Salesforce CEO Marc Benioff and legendary venture capitalist Ron Conway. Despite her friendly relationships with the industry’s leaders, Harris has also pushed for tech accountability in key areas. As vice president, Harris has taken a key role in the White House around establishing safety measures for artificial intelligence, which is widely viewed as the most consequential new technology in decades. In an interview with CNN, Hoffman added: “In Silicon Valley, actually there’s many threads that are very excited about her.
Persons: Kamala Harris, Harris, Sheryl Sandberg, Reed Hastings, Melinda French Gates, Donald Trump’s, Elon Musk, “ There’s, Biden, ” Aaron Levie, , ” Harris, Sean Parker, she’s, Steve Jobs ’, Laurene Powell Jobs, Harris ’, Marc Benioff, Ron Conway, Mark Zuckerberg, ” Jeffrey Sonnenfeld, Trump Harris, Trump, ” Sonnenfeld, I’ve, didn’t, ” Levie, “ Kamala Harris, Reid Hoffman, Hoffman, , – CNN’s Matt Egan Organizations: New, New York CNN —, Democratic, Bay Area, Netflix, White, CNN, Cambridge, OpenAI, Google, Microsoft, Yale School of Management, Trump Locations: New York, Oakland , California, California, White, Silicon Valley, Silicon
Despite its progressive intentions, the tax failed to raise sufficient revenue for the monarch, as people boarded up their windows to lower their tax liability. Window tax was a property tax based on the number of windows in a house. In addition, the minister also lifted capital gains for stock market investors who cash in within a year from 15% to 20%. While the tax raises more than £3 billion ($3.9 billion) annually, it has given birth to far riskier forms of speculation while simultaneously hurting the stock market. However, given the lofty valuations that Indian stock markets currently trade, the tax to skim the excesses might be a positive development over the longer term.
Persons: Nirmala Sitharaman, Ajay Aggarwal, King William III of, Mike Kemp, Upasana Chachra, Morgan Stanley, Siddhartha Khemka, Motilal Oswal, Michael Langham, Abrdn, it's, JPMorgan's Jahangir Aziz, Aziz, Raghuram Rajan, Suman Bery, Bery Organizations: Union Finance, Budget Press Conference, National Media Centre, Hindustan Times, Getty Images, Getty, Budget, Motilal, Institute for Fiscal Studies, Reuters, CNBC, Health, Reserve Bank of India Locations: DELHI, INDIA, New Delhi, India, Mayfair, London, United Kingdom, England, Britain, Kerala, Malaysia, Nipah
The Biden administration, along with congressional Democrats, broadened access to health insurance by temporarily beefing up the federal premium subsidies for Affordable Care Act policies. Providing middle class tax reliefAs a senator, Harris proposed providing middle-class and working families with a refundable tax credit of up to $6,000 a year (per couple) to help keep up with living expenses. Harris also campaigned on the measure – titled the LIFT the Middle Class Act, or Livable Incomes for Families Today – during her earlier presidential run. Like Trump, Harris proposed allowing the federal government to set “a fair price” for any drug sold at a cheaper price in any economically comparable country, including Canada, the United Kingdom, France, Japan or Australia. As California’s attorney general, Harris joined other states in pursuing several drugmakers for their pricing or practices, winning multimillion-dollar settlements.
Persons: Kamala Harris, Donald Trump, Joe Biden’s, Biden, Harris, Sen, Bernie Sanders ’, ” Harris, Sanders, Roe, Wade, , Kelly Baden, ” Baden, , Trump, , John Gimigliano, Harris ’ Organizations: CNN, Affordable, Wall Street, Congressional, White, Guttmacher Institute, Biden, Today –, KPMG’s, KPMG’s Washington National Tax, Trump, Profit Locations: Minnesota, Biden’s, KPMG’s Washington, Canada, United Kingdom, France, Japan, Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe chances of a Republican sweep are less than they were last week, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss the state of the 2024 election, impact of President Biden's decision to drop out of the presidential race, Vice President Kamala Harris' path to securing the Democratic nomination for president, and more.
Persons: PIMCO's Libby Cantrill Libby Cantrill, Biden's, Kamala Harris Organizations: Republican, Democratic
AdvertisementPornhub, launched in 2007 and based in Montreal, lets users upload amateur and professional porn videos in much the same way users upload to YouTube. "Performers" remain unverified in many thousands of pre-2024 videos, including those that pop up from search terms involving teens and violence, Mickelwait told Business Insider. Lawsuits and monitoringAn ever-growing number of lawsuits by some 300 plaintiffs allege the site knowingly profited from videos of their abuse. An excerpt from a federal judge's November order granting class-action status to one of dozens of Pornhub lawsuits. AdvertisementMost recently, she said, she reported to state authorities the Pornhub video showing a woman shouting in pain and asking not to be filmed.
Persons: , Laila Mickelwait, She's, Mickelwait, It's, Pornhub, Sarah Bain, Aylo —, Rocky Shay Franklin, Nicholas Kristof, Bill Ackman, MindGeek, Netflix —, Laila, Mike Bowe, I've, Bowe, kG2TK2R8sj, Cormac J, Carney, Serena Fleites, Fleites, Bain, Cherie DeVille, Mike Stabile, Stabile Organizations: Service, Business, Ethical Capital Partners, Random House, Justice Defense Fund, Sunday Times, New York Times, Heinz, Unilever, KY, Pornhub, Netflix, Mastercard, Visa, Capital, US, Free Speech Coalition Locations: Montreal, Pornhub, Alabama, Florida, London, Manhattan, California, Bowe's, Bakersfield , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVP Kamala Harris would be wise to come out with a couple of differentiating issues: Sarah BianchiSarah Bianchi, Evercore ISI chief strategist of international political affairs and public policy, joins 'Squawk Box' to discuss the state of the 2024 race, key policy and economic issues on the campaign trail, and more.
Persons: Kamala Harris, Sarah Bianchi Sarah Bianchi, Evercore
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