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☆ Biden warns that Trump and MAGA Republicans are 'determined to destroy democracy'
▼ + stars: | 2023-09-19 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

President Joe Biden warned that Donald Trump and other MAGA Republicans are "determined to destroy democracy." Biden blasted former president Trump at a fundraiser in New York City on Monday night. "Let there be no question: Donald Trump and his MAGA Republicans are determined to destroy American democracy," Biden said. "Crooked Joe Biden is the one who has weaponized his Justice Department to go after his main political opponent — President Trump," Cheung said. "He has directed these illegal witch-hunts to interfere in an election where President Trump is leading him in the polls."

Persons: Joe Biden, Donald Trump, MAGA, Biden, Trump, Vladimir Putin, Putin, Steven Cheung, Crooked Joe Biden, President Trump, Cheung, Jack Smith, General Merrick Garland, Stormy Daniels Organizations: White, Marine, Washington , D.C, MAGA Republicans, Department, White House Locations: Washington ,, New York City, Florida, Atlanta, Georgia, New York

CNN —House Republicans are still struggling to reach consensus on a plan to fund the government, with lawmakers going back-and-forth over the issue and leadership forced to delay a planned procedural vote as they work to find agreement within their ranks. House GOP leaders canceled a procedural rule vote on the proposal originally slated for Tuesday morning amid that opposition from hardliners. Amid the impasse in the House GOP conference, there are discussions underway among some Republicans and Democrats about teaming up on a so-called discharge petition to fund the government if the House Republican-brokered plan fails on the floor this week. Five Republicans – most of them from the right flank House Freedom Caucus – voted against the rule, denying House GOP leadership of the 218 votes it needed for passage. Chip Somodevilla/Getty ImagesRep. Ralph Norman, a South Carolina Republican, said he thinks they should work through the weekend until they are able to find agreement among House Republicans on how to keep the government open.

Persons: ”, Nancy Mace, Tom Emmer –, Kevin Hern, Hern, Hakeem Jeffries, Republicans –, Caucus –, McCarthy, Kevin McCarthy, Scott Perry, Bob Good, Virginia, Byron Donalds, Chip Somodevilla, Ralph Norman, Chip Roy, ” Roy, “, haven’t, Roy, ” Donalds, Perry, ” Perry, Matt Gaetz, Norman, Andy Ogles, Dan Bishop of, Andy Biggs of, Tim Burchett, Anna Paulina Luna of, Marjorie Taylor Greene, Matt Rosendale, Victoria Spartz, Eli Crane of, Cory Mills, Wesley Hunt, Wesley Hunt of Texas, Paul Gosar, Burchett, Bishop, Norman –, Ken Buck, Tom Cole of, Cole, ” Cole, “ That’s Organizations: CNN — House Republicans, GOP, Democratic, South Carolina Republican, Republican, “, CNN, Democrats, Politico, House Republicans, Department of Defense, Republicans, Caucus, Freedom Caucus, House Republican, Capitol, Getty, Texas Republican, Florida GOP Rep, Senate, ’, Defense, Ken Buck of Colorado . Locations: Pennsylvania, Florida, Washington ,, Texas, Tennessee, Dan Bishop of North Carolina, Andy Biggs of Arizona, Anna Paulina Luna of Florida, Marjorie Taylor Greene of Georgia, Matt Rosendale of Montana, Victoria, Victoria Spartz of Indiana, Eli Crane of Arizona, Cory Mills of Florida, Wesley Hunt of, Paul Gosar of Arizona, “, Biggs, Rosendale, Ken Buck of Colorado

☆ 'The scholar, the pragmatist, and the rainmaker:' How three Bloomberg Beta VCs bet on AI before it became a buzzword
▼ + stars: | 2023-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

Bahat brings this same radical directness to Bloomberg Beta, the early-stage venture capital fund housed within the larger Bloomberg empire that he's run for the past decade. And Bloomberg Beta was making investments in generative AI as far back as 2015, before the term "generative AI" even existed. "It felt like we were just waiting for the right moment," said Cham, Bloomberg Beta partner and de-facto chief technologist, "where the rest of the world would see it." Bloomberg Beta made the decision early on to publish its entire operating manual on GitHub, including sensitive information about average check size and investment criteria. Kieran Snyder, the founder of generative AI startup Textio which Bloomberg Beta invested in in 2015, has a shorthand for describing the role of Beta's three partners.

Persons: Roy Bahat's, Bahat, James Cham, Karin Klein, Shivon Zillis, Elon Musk's, Cham, ChatGPT, VCs, Bloomberg Beta, Dan Doctoroff, Mike Bloomberg, Doctoroff, Bahat's chutzpah, Bloomberg —, Bloomberg Philanthropies, Tade Oyerinde, Sam Altman, Peter Thiel's Founder's, Roy didn't, Oyerinde, Kieran Snyder, who's, Apple Lisa, Klein, Karen, Snyder, Roy, Zilis Organizations: Port Authority, World Trade Center, IGN, Bloomberg Beta, Bloomberg, LinkedIn, Elon, Beta, Apple, New Locations: New York, Silicon Valley, East, California

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

Another has an ally in Congress vowing to support his legal defense. On Thursday, Trump’s legal team formally asked a judge to sever his case from his co-defendants who want a speedy trial, according to court filings. The prospect of a costly legal defense has prompted some defendants to find other ways to raise money. Paying the legal bills of his co-defendants in Georgia could help the former president keep them all unified as they fight the Fulton County charges. None of the defendants has pleaded guilty, but it is common for criminal defendants facing mounting legal bills to end their cases without the time-consuming costs of a trial.

Persons: Donald Trump’s, Trump, Walt Nauta, Carlos De Oliveira, Newsmax, ” Trump's, Will Lanzoni, ” Trump, haven’t, Trump’s, Eric, Don Jr, Jenna Ellis, John Eastman, Mike Pence, Donald Trump, Jae C, AP Eastman, Jeffrey Clark, Cathy Latham, grumbling, Ellis, “, ” Ellis, Matt Schlapp’s, ” Schlapp, Al Drago, Ron DeSantis, isn’t MAGA, Jenna, –, Sidney Powell, Kenneth Chesebro, Fani Willis, Giuliani, Rudy Giuliani, Erik S, Shutterstock, Andrew Giuliani, Brian Tevis, It’s, I’ll, ” Tevis, CNN’s Kaitlan Collins, Chip Roy, Mark Meadows, ”, ” Roy, Roy, Harrison Floyd, Floyd –, ” Floyd, Ricky Fitchett, ZUMA, Floyd, Todd Harding, he’s, De Oliveira Organizations: CNN, Trump, Save, Save America PAC, AP, Justice Department, Trump Republican, Republican National Committee, Bloomberg, Getty, Florida Gov, Inc, Shutterstock CNN, Giuliani Defense, Texas Republican, Trump White House, Zuma, America, PAC Locations: Georgia, Fulton, Atlanta , Georgia, Los Angeles, Georgia The Georgia, Fulton County, York, Bedminster , New Jersey, New Jersey, Bedminster, Texas, Philadelphia

☆ Warren Buffett turns 93 today. Here are 6 of the investing icon's best birthday stories.
▼ + stars: | 2023-08-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

"On August 30, 2030 — my 100th birthday — I plan to announce that Geico has taken over the top spot, " Buffett said in his 2015 shareholder letter. AdvertisementAdvertisementIn his 1999 shareholder letter, Buffett credited Huggins' "fanatical insistence on both product quality and friendly service" for See's generating $857 million in pre-tax income since Berkshire took over. During the party, Dinsdale revealed he had attended a directors' meeting at Kansas Bankers Surety, an insurance firm that Buffett had long admired. "I'm now scheming to get invited to Jane's next party," Buffett joked. He illustrated the point in his 1990 shareholder letter, using a story about his granddaughter Emily's fourth birthday party a few months earlier.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Geico, he's, Huggins, Law Buffett, Charlie Munger, Chuck Huggins, See's, Charlie, Mrs B, Rose Blumkin, Mrs, Jane Rogers, Roy Dinsdale, Dinsdale, I'm, Jane's, Emily's, Emily, Gee, B's Organizations: Berkshire, Apple, Service, Progressive, Allstate, AlphaSense, Nebraska Furniture Mart, Kansas Bankers Locations: Wall, Silicon, Nebraska

☆ Troy Driver: Man accused of kidnapping and killing Nevada 18-year-old dies by suicide in jail while awaiting trial
▼ + stars: | 2023-08-07 | by ( Michelle Watson | ) edition.cnn.com time to read: +2 min

Editor’s Note: If you or someone you know needs help, call the National Suicide Prevention Lifeline at 988 or 800-273-8255. CNN —The man accused of killing Naomi Irion, the 18-year-old who vanished in March 2022 from a Walmart parking lot in Nevada, has died by suicide, the Lyon County Sheriff’s Office said in a news release. Troy Driver, 43, “was in custody on murder charges and awaiting trial, for the murder of Naomi Irion,” the release said. Irion last was seen before dawn March 12, 2022, in her car in the parking lot in rural Fernley, Nevada, authorities have said. He was charged with murder, first-degree kidnapping, robbery, burglary of a motor vehicle and destruction of evidence, it states.

Persons: Naomi Irion, Troy Driver, “, ”, He’d, Irion, Erik Kusmerz Organizations: Prevention, CNN, Sheriff’s, Walmart Locations: Nevada, Lyon, Fernley , Nevada, Canal Township, Lyon County, Churchill County

☆ More than $200 billion in Covid loans potentially stolen by fraudsters, watchdog says
▼ + stars: | 2023-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Fraudsters potentially stole more than $200 billion in federal loans intended to help small businesses struggling during the Covid pandemic, a government watchdog said on Tuesday. More than $136 billion from Economic Injury Disaster Loan program and $64 billion from the Paycheck Protection Program loans was potentially stolen, the inspector general found. In total, SBA disbursed $400 billion in EIDL funds and $800 billion in Paycheck Protection Program loans during the life of the programs. These investigations have led to nearly $30 billion in stolen loans being seized or returned by federal law enforcement agencies. The Economic Injury Disaster Loan program provided low-interest, fixed-rate loans to help small businesses nd other organizations to help cover their operating expenses.

Persons: Kevin Chambers, Hannibal, Mike, Ware, Michael Horowitz, Roy D, Dotson Jr, Bailey DeVries, DeVries, Trump, nonpayment Organizations: Department of Justice, Small Business Administration, United States Secret, Small, Administration, Injury, SBA Locations: Rayburn, Washington ,

☆ Medicare will require data on patient use for approved Alzheimer's drugs
▼ + stars: | 2023-06-01 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +3 min

Leqembi received accelerated approval from the FDA in January, based on limited evidence suggesting it would slow cognitive decline in early Alzheimer's patients. A panel of FDA advisers will discuss whether Leqembi should receive traditional approval next week, and a decision could come by early July. Medicare, the government health plan for Americans 65 and over, currently pays for Leqembi only if patients are enrolled in a clinical trial. Such "coverage with evidence development" requirements are rare and historically used by Medicare to evaluate medical devices rather than drugs. To receive Medicare coverage, people will need to be diagnosed with mild cognitive impairment or early dementia caused by Alzheimer's and have a qualified physician participating in a registry.

Persons: Biogen, Leqembi, Eisai, Eli Lilly, Co's, Eli Lilly's, Alzheimer's, Sue Peschin, Manas Mishra, Leroy D'souza, Bill Berkrot Organizations: U.S, Eisai Co, FDA, Medicare, Centers, Medicaid Services, CMS, Alzheimer’s Association, Alliance for Aging Research, Thomson Locations: Bengaluru

☆ Disney CEO Bob Iger's book hints at how he'll handle company's feud with Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

Insider turned to Disney CEO Bob Iger's 2019 book for insight on how he navigates challenges. As Florida's largest attraction with more than 70,000 jobs, Walt Disney World is crucial to both the company and the state. During his first tenure at Disney, Iger orchestrated the $4 billion acquisition of Marvel without a single leak. Under predecessor Disney CEO Michael Eisner, board members said they worried that Marvel was "too edgy" and "would tarnish the Disney brand." File photo of Disney CEO Bob Iger.

Persons: Ron DeSantis, Bob Iger's, Walt, Robert Iger, Iger's, Bob Chapek, DeSantis, Donald Trump, Disney, Iger, Steve Jobs, Jobs, Bob Iger, Chris duMond, Neilson Barnard, Scott Miller, Miller, that'd, Biden, he's, gunning, Charles Sykes, Paul Hennessy, Michael Eisner, Marvel, Harris, There's, Griffin, George Lucas, Roy Disney, Walt Disney's, he'd, they've, Lucas Organizations: Disney, Florida Gov, Morning, Walt Disney, Republican Gov, Walt Disney Co, Walt Disney Company, ABC, Pixar, Marvel Entertainment, LucasFilm, Century Fox, Marvel, Apple, Getty, Democrat, Bloomberg, Walt Disney World, Board, GOP, Reuters, Republicans, Harvard, Independents, Twitter, Bauer, Jobs, iTunes, Lucasfilm Locations: Florida, Orlando, Shanghai, American, China

☆ ‘Succession’ Clears the Air: Here’s What to Read
▼ + stars: | 2023-05-29 | by ( Jennifer Vineyard | ) www.nytimes.com time to read: +1 min

None of his children could manage to put a sticker on that.) Below, we put stickers on some of the noteworthy recent features on the series coming to its end. ‘“Succession” Is Over. Why Did We Care?’ [NY Times]The “billon-dollar question,” as Alexis Soloski puts it, has been answered — none of the Roys won the prize. “Writers have argued that we love ‘Succession’ because of what it says about America, what it says about class, what it says about money, family, trauma and abuse,” Soloski writes.

☆ I lived and worked in Antarctica for 5 months without WiFi or running water. It didn't feel as remote as I expected.
▼ + stars: | 2023-05-27 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Lucy Bruzzone is one of several women who spent the last five months working in Antarctica. Bruzzone found it surprisingly easy to adjust to life on the peninsula and said it didn't feel as remote as she expected. Historically, Antarctica has been an extremely male-dominated place; Port Lockroy didn't have its first female team member until 2001. The team spent five months in Antarctica through the UK Antarctic Heritage Trust. Between ship visits, we'd grab a quick lunch, restock the shop, cancel stamps on any postcards we'd received, and monitor the penguins on alternate days.

Under his leadership, Morgan Stanley became a wealth management powerhouse that aims to manage $10 trillion in assets. Morgan Stanley bought money manager Eaton Vance, online broker E*Trade, and stock-plan manager Solium Capital under Gorman's leadership. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser, in 2009. The acquisitions have made Morgan Stanley's U.S. wealth business an "asset gathering monster," and a "killer machine," he said on an earnings conference call last month. "This structure will ensure the continued stability of Morgan Stanley, while at the same time positioning it for a decade of exciting growth under new leadership."

Morgan Stanley co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz, are widely seen as contenders for the top job. Morgan Stanley shares were little changed in early trading, down 0.9%. The less volatile business of wealth management accounted for 45% of firm's revenue in the first quarter. Morgan Stanley's first-quarter profit beat expectations as rising revenue from wealth management offset declines in investment banking and trading. Simkowitz, the eldest of the three at 58, is head of investment management at Morgan Stanley and co-head of the firm's strategy and execution.

☆ Opinion | Spoiler Alert: Science Indicates Spoilers Don’t Spoil Anything
▼ + stars: | 2023-05-08 | by ( Anna-Lisa Cohen | ) www.nytimes.com time to read: +1 min

Premature plot revelations are so far out of bounds that their name alone stands as a warning: spoilers. You’re Dead.” Our purpose was to determine the extent to which knowing the outcome of a dramatic scenario would affect a viewer’s ability to be drawn in by it. We showed our participants this short episode, in which a young boy finds a loaded gun and mistakes it for a toy. You’re dead!” oblivious to the fact that there is a bullet in the chamber. As the suspense mounted midway through the show, they were so immersed in the events onscreen that they forgot all about their assignment.

☆ European shares rise on smaller ECB rate hike, upbeat earnings
▼ + stars: | 2023-05-05 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

SummarySummary Companies STOXX 600 index up 0.1%Adidas jumps on upbeat earningsEvotec drops on leaving MDAXMay 5 (Reuters) - European shares rose on Friday, as the European Central Bank's smaller rate hike, and market-beating results from Adidas and Apple boosted sentiment. The pan-European STOXX 600 index (.STOXX) edged up 0.1%, but is on track for its second consecutive weekly loss. Energy (.SXEP) and utilities shares (.SXPP) led the gains on the index, rising 1.4% and 1.0% respectively, while food and beverage shares (.SX3P) slid 0.4%. "Inflation pressures worldwide help in driving equity markets although we don't like to pay higher prices, as consumers it eats into our pockets. The higher prices go to some company reaping the rewards of those higher prices," said Chi Chan, Portfolio Manager and Senior Research Analyst, Federated Hermes.

☆ Is It Time to Give Up on My White Sneakers?
▼ + stars: | 2023-05-01 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

As I enter the job market, I am reconsidering the staple of the white sneaker. If I wear sneakers, will people take me seriously? Or that the filmmaker Chloé Zhao wore Hermès white sneakers with her gown when she won an Oscar back in 2021. Once you start thinking about white sneakers, you start seeing them everywhere. British Esquire called the white sneaker “the blank canvas upon which any modern look can be built.” Harper’s Bazaar crowed, “The best white sneakers can do it all.”The fact is, more than 100 years after Keds introduced its white sneaker, almost 90 years since Chuck Taylor popularized the style with Converse and more than half a century since Stan Smith changed the game — and amid all the color-crazed mayhem of endlessly mutating sneaker culture — white sneakers remain the Platonic ideal of a shoe: eternal, versatile, comfortable.

[1/2] A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. Tesla denied liability for the accident and said in a court filing that Hsu used Autopilot on city streets, despite a user manual warning against doing so. "This case should be a wakeup call to Tesla owners: they can't over-rely on Autopilot, and they really need to be ready to take control and Tesla is not a self-driving system," he said. The Hsu trial unfolded in Los Angeles Superior Court over three weeks, with testimony from three Tesla engineers. The main question in Autopilot cases was who is responsible for an accident while a car is in driver-assistant Autopilot mode - a human driver, the machine, or both?

After the verdict on Friday, juror Mitchell Vasseur, 63, told Reuters that he and his fellow jurors felt badly for Hsu, but ultimately determined that Autopilot was not at fault. Jury foreperson Olivia Apsher, 31, said the Autopilot system reminds drivers when they are not adequately taking control. "There are audible warnings and visual warnings both for the driver, indicating that it is your responsibility." The trial unfolded in Los Angeles Superior Court over three weeks and featured testimony from three Tesla engineers. Reporting by Abhirup Roy in Los Angeles, and Dan Levine and Hyun Joo Jin in San Francisco Editing by Peter Henderson and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Succession's huge plot twist is more realistic than you'd think – the departure of a powerful CEO like Logan Roy really can cause wild share price swings
▼ + stars: | 2023-04-15 | by ( Ryan Hogg | George Glover | ) www.businessinsider.com time to read: +5 min

There's real-life precedent that shows why a CEO can cause huge share price swings when they depart. He was portrayed as an omnipotent boss of the group, reflected in a cratering share price upon his death in the episode that aired April 9. But there is real-life precedent for a company's share price collapsing on news of a powerful CEO's ill-health. The power of Logan RoyThere are downsides to a stock being so closely linked to a powerful CEO like Jobs, Musk, or Roy. Indeed, there have been examples of a share price rally following the death of a CEO, because investors see it as a company decoupling from a deadweight boss.

☆ Former Trump aide Anthony Scaramucci says Donald Trump is a 'family guy' who's just like Logan Roy — the ruthless patriarch in 'Succession'
▼ + stars: | 2023-04-06 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Former Trump aide Anthony Scaramucci likened his ex-boss to "Succession" patriarch Logan Roy. Scaramucci said Trump is a "family guy," and that Roy — like Trump — loves his kids. He has this love-hate relationship with his family," Scaramucci told MSNBC's Stephanie Ruhle. Brian Cox, who plays Roy, told Collider that the show's creator, Jesse Armstrong, has said that Roy does love his kids. Scaramucci isn't the first person who's likened the Trump family to the Roy family in "Succession."

☆ After a wild, losing week for stocks, investors brace for more market-moving data
▼ + stars: | 2023-03-11 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.

☆ Fed’s reluctance to go green will cost the Earth
▼ + stars: | 2023-03-07 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

WASHINGTON, March 7 (Reuters Breakingviews) - Central banks don’t think they can do much about the environment. The U.S. Federal Reserve has done even less, arguing it should not tackle climate change without an explicit order from Congress. In a 2021 survey by Invesco, 63% of responding central banks said addressing climate change fell within their mandate. Central banks aren’t best equipped to lead the green transition, anyway. There’s also a valid concern that focusing on climate change could water down the Fed’s mission to fight inflation.

☆ Goldman Sachs expects ECB to raise rates thrice this year
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: 1 min

Feb 21 (Reuters) - Goldman Sachs said it was expecting the European Central Bank to raise interest rates thrice this year, taking the terminal rate to 3.5% from 3.25% estimated earlier. In a note dated late Monday, the brokerage said in addition to an increase of 50 basis points in March and 25 basis points in May, it was estimating a 25 basis-point hike in June. Goldman's change in expectations comes after hawkish commentary from ECB board member Isabel Schnabel and French central bank chief Francois Villeroy de Galhau, two influential policymakers from the 26-member Governing Council on Friday. Markets currently see ECB rates peaking at around 3.7% by the end of summer. Reporting by Reshma Rockie George; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Bayonetta Origins: Cereza and the Lost Demon preview
▼ + stars: | 2023-02-07 | by ( Mike Andronico | ) edition.cnn.com time to read: +5 min

Bayonetta Origins: Cereza and the Lost Demon fleshes out the franchise’s backstory in the form of a pastel-colored adventure that challenges you to control two characters at once as you solve puzzles and take down enemies. Bayonetta Origins, which casts you as a young girl named Cereza (who, spoiler alert, would eventually become Bayonetta) is decidedly not that. The takeawayNintendoI came into my Bayonetta Origins: Cereza and the Lost Demon demo with mild expectations, and came out itching to spend more time with Cereza and Cheshire. If you own a Nintendo Switch, it should be on your radar — even if you’ve never played a Bayonetta game before. Bayonetta Origins is up for preorder now and hits stores on March 17, and we’re already looking forward to playing more.

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