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☆ The Cybersecurity Lawsuit That Boards Are Talking About
▼ + stars: | 2023-11-18 | by ( Sarah Kessler | More About Sarah Kessler | ) www.nytimes.com time to read: +2 min

Most experts agree that, regardless of the lawsuit’s outcome, it could affect how companies handle cybersecurity risks. In July, the agency adopted new cybersecurity disclosure requirements set to take effect in December. They require companies to report material attacks within four days and to make yearly disclosures about their cybersecurity risk management, strategy and governance. In a June speech, the S.E.C.’s enforcement director, Gurbir Grewal, said it had “zero tolerance for gamesmanship” around cybersecurity disclosures. No CISO can now risk basically painting an unrealistically positive picture of cybersecurity.”

Persons: Gurbir Grewal, ” Wolff, ‘, Ramakrishna, it’ll, ”, Jake Williams, CISOs Organizations: cybersecurity

☆ CNBC Special Podcast: Inside Track - The Business of Formula 1
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: +1 min

High speed, high tech and filled with high-flyers – Formula 1 is the world's most elite motorsports league, and in recent years has experienced rapid growth in attendance, viewership and market value. CNBC Documentaries goes inside the business to find out what is fueling its popularity and who is profiting. Eisen travels to some of Formula 1′s most iconic races, explores the strategy behind its expansion in the U.S., and examines the role of brand-name sponsors, including the Haas team's title partner MoneyGram. She also looks at what's in store for the sport's future – including a new racing league for female drivers called F1 Academy, and the inaugural Las Vegas Grand Prix to be held in November 2023. It's F1′s most ambitious race yet, where the Las Vegas Strip will become an F1 track for the first time… and where some of the city's biggest hotel casinos are rolling out million-dollar packages for the most elite of fans.

Persons: Sara Eisen, Toto Wolff, Mercedes, Christian Horner of Red Bull, Guenther Steiner, Haas, Eisen, MoneyGram Organizations: CNBC, Liberty Media, F1 Academy, Las Vegas, Las Locations: U.S

[1/5] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 16, 2023 Stewards use a crane to remove the Ferrari of Carlos Sainz Jr. after the cancellation of the first practice session due to a drain cover that came off the asphalt and hit the car. The survival cell, engine, battery and control electronics were all damaged beyond repair during an incident that Ferrari team principal Frederic Vasseur called "unacceptable." "I think it's tough for a team to arrive in Vegas and to have this kind of incident," he said as mechanics rebuilt Sainz's car. read moreAlpine driver Esteban Ocon's chassis also needed to be replaced due to damage but he too returned for second practice. The sessions along the transformed Strip marked F1's return to Las Vegas for the first time in nearly 40 years.

Persons: Carlos Sainz Jr, Sainz, Charles Leclerc, Ferrari, Carlos Sainz, Frederic Vasseur, Esteban Ocon's, Fernando Alonso, Aston Martin, Red Bull's Sergio Perez, Valtteri, Alfa Romeo, Red, Max Verstappen, Verstappen, I've, Mercedes, Lewis Hamilton, I'm, Vasseur, McLaren, Zak Brown, Toto Wolff, Wolff, Leclerc, Haas, Nico Hulkenberg, Kevin Magnussen, Rory Carroll, Alan Baldwin, Miral Fahmy, Toby Davis Organizations: Las Vegas, Las Vegas Strip, VEGAS, Ferrari, FIA, Aston, Alfa, Briton, Liberty, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, Qatar, Las Vegas, Monaco, Baku, Los Angeles, London

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 Ferrari's Charles Leclerc talks to the media ahead of the Las Vegas Grand Prix REUTERS/Finn Blake Acquire Licensing RightsLAS VEGAS, Nov 16 (Reuters) - The first practice session of the Las Vegas Grand Prix was cancelled on Thursday just eight minutes in to repair the track after a faulty water valve cover badly damaged Carlos Sainz's Ferrari. Ferrari team principal Frederic Vasseur said two-thirds of the car would need to be changed out and called the situation "unacceptable." "These cars are generating huge amounts of suction underneath now," said Williams Racing team principal James Vowles. Mercedes team principal Toto Wolff lashed out at a reporter who asked how the cancelled practice was not a "black eye" for F1. The brief first test of the course along the transformed Strip marks F1's return to Las Vegas for the first time in nearly 40 years.

Persons: Ferrari's Charles Leclerc, Finn Blake, Carlos Sainz's Ferrari, Frederic Vasseur, Carlos, Vasseur, Esteban Ocon's, Williams, James Vowles, McLaren, Zak Brown, Mercedes, Toto Wolff, Wolff, Haas, Nico Hulkenberg, Kevin Magnussen, Max Verstappen, Logan Sargeant, Rory Carroll, Miral Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Prix, Ferrari, FIA, Williams Racing, Thomson Locations: Las Vegas , Nevada, U.S, Baku, Montreal, Las Vegas, Los Angeles

☆ Toto Wolff On Leading The Mercedes-AMG PETRONAS F1 Team
▼ + stars: | 2023-11-17 | 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 EmailToto Wolff On Leading The Mercedes-AMG PETRONAS F1 TeamFor over a decade, Formula 1's Mercedes-AMG PETRONAS F1 Team has set the engineering and the competitive standards for the sport. Team Principal and CEO, Toto Wolff, led the team to consecutive championship wins from 2014 to 2021. Wolff has navigated his team to wins through a massive league acquisition by Liberty Media, new teams joining the league, a growing fanbase, and a U.S. expansion with races in Miami and Las Vegas.

Persons: Toto Wolff, Wolff Organizations: PETRONAS, Team, Liberty Media, Las Locations: U.S, Miami, Las Vegas

LAS VEGAS (AP) — Formula One is hoping to turn its luck around on the Strip, like so many other Las Vegas visitors who blow a big bankroll soon after they arrive. F1 ran a 90-minute session until 4 a.m. — when the streets had to be returned to the city for morning commuter traffic. A penalty because he ran over a drainage cover on the Las Vegas Strip, something completely out of his control and extremely dangerous considering it penetrated his seat? Because governing body FIA has no mechanism not to penalize a team that makes extensive car changes during a race weekend, Sainz has, of course, been penalized. Las Vegas is the most expensive race to attend to on the 24-event schedule.

Persons: Carlos Sainz Jr, Ferrari — Sainz, Stefano Domenicali, Renee Wilm, “, ”, let’s, ” It's, Sainz, Ferrari, Charles Leclerc, Max Verstappen, Mercedes, Toto Wolff, Williams, James Vowles, Fred Vasseur, I’m, ” Wolff, ___ Organizations: LAS VEGAS, Liberty Media, Las Vegas, Saturday, Las, FIA, F1, Locals, Liberty, Netflix Locations: Sin City, United States, Vegas, Europe, Las Vegas

☆ Macy's smashes profit estimates as leaner inventory lifts margins, shares jump
▼ + stars: | 2023-11-16 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

Shoppers are seen outside Macy's in the Manhattan borough of New York City, New York, U.S., March 30, 2021. REUTERS/Caitlin Ochs Acquire Licensing RightsNov 16 (Reuters) - Macy's (M.N) crushed analysts' estimates for quarterly profit on lower inventories and strong demand for beauty products, sending the department store operator's shares surging as much as 14% on Thursday. "(We are) entering the holiday period in a healthy inventory position," Macy's outgoing CEO Jeff Gennette said in a statement. Gross margins improved 160 basis points in the third quarter, driven by a 110 basis points jump in merchandise margins, bolstered by lower markdowns within the Macy's brand and reduced freight costs. Credit card revenues again declined, down 100 basis points year-on-year, indicating its core middle-income consumer faced difficulty in repaying debts as interest rates climbed.

Persons: Caitlin Ochs, Jeff Gennette, Tony Spring, Rachel Wolff, Macy's, Savyata Mishra, Sriraj Organizations: REUTERS, Bloomingdale, Target, Walmart, Insider, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

☆ Viva Las Vegas, Formula One betting big on Sin City race
▼ + stars: | 2023-11-15 | by ( Steve Keating | ) www.reuters.com time to read: +5 min

Wynn resort is offering the first-ever Las Vegas Grand Prix Million Dollar All-Access Experience that includes a $100,000 philanthropic gift. "However, the brand synergies with the inaugural Las Vegas Grand Prix are unmatched." Formula One has long been a magnet for the celebrity class and Las Vegas is sure to be an irresistible pull. Las Vegas may be the gambling capital of the world but there will be little bet on F1. "I would say this is due to lack of parity," Derek Stevens, owner of Circa and several other Las Vegas casinos told Reuters.

Persons: Max Verstappen, Greg Maffei, Red Bull, Aston Martin, Hilton, Red, it’s, Rebecca McAdam Willetts, Mark Wang, David Beckham, Shaquille O’Neal, Mark Wahlberg, Gordon Ramsay, Toto Wolff, Derek Stevens, Steve Keating, Toby Davis Organizations: LAS VEGAS, Las Vegas, Liberty Media, Formula One, Vegas, Ferrari, Mercedes, McLaren, Red Bull, PokerStars, Public Relations, Reuters, Poker, New York Stock Exchange, American Express, Heineken, Hilton, MGM Resorts International, Fountain Club, Hilton Grand, Club SI, Drai's Beach Club, Thomson Locations: Vegas, United States, Sin City, VVIPs, Las Vegas, Monaco, Drai's, Toronto

☆ Will F1 Entertain Expansion?
▼ + stars: | 2023-11-13 | 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 EmailWill F1 Entertain Expansion? CNBC's Sara Eisen talks to Liberty Media President & CEO Greg Maffei, MoneyGram Haas Team Principal Guenther Steiner and Mercedes-AMG PETRONAS Team Principal Toto Wolff about their thoughts on expansion in F1. "Inside Track: The Business of Formula 1," premieres Thursday at 8pm ET/PT on CNBC.

Persons: Sara Eisen, Greg Maffei, MoneyGram, Guenther Steiner, Toto Wolff Organizations: Liberty Media, Mercedes, CNBC

☆ Mercedes's Toto Wolff previews Formula 1's big bet on Las Vegas with upcoming grand prix
▼ + stars: | 2023-11-13 | 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 EmailMercedes's Toto Wolff previews Formula 1's big bet on Las Vegas with upcoming grand prixToto Wolff, Mercedes-AMG Petronas Team Principal and CEO, joins 'Squawk on the Street' to discuss how important the Nevada Grand Prix is for the future of Formula 1, how Wolff quantifies the impact of the race on F1, and how problematic dominance is in the space.

Persons: Mercedes's Toto Wolff, Toto Wolff, Mercedes, Wolff Organizations: Las Vegas, Team Locations: Nevada

☆ Rabbis From Across the Globe Flock to New York for Prayer — and Hope
▼ + stars: | 2023-11-10 | by ( Sarah Maslin Nir | More About Sarah Maslin Nir | ) www.nytimes.com time to read: +1 min

The rabbis came from Israel and Ukraine, from Azerbaijan and France, from Thailand and farther still, as thousands of Jews filed into a graveyard in Queens under a sea of black hats. The roughly 6,500 orthodox rabbis, in New York City for an annual conference, arrived in a city convulsed by protests over the war between Israel and Hamas. “We are losing everything we have,” Rabbi Avraham Wolff, the chief Chabad-Lubavitch Rabbi of Odesa, Ukraine, said in Hebrew. And just before he left for New York, Russian rockets fell on Odesa. “For them I have to be strong.”He added, “If I have to cry, I do it under my blankets.”

Persons: —, Avraham Wolff, “, ” Organizations: Lubavitch, Hamas Locations: Israel, Ukraine, Azerbaijan, France, Thailand, Queens, New York City, Odesa, New York, Russian

☆ A year on, Mercedes return to scene of last success
▼ + stars: | 2023-11-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 1 (Reuters) - Once-dominant Mercedes return to Brazil this weekend for a last chance to avoid going a whole year without a Formula One victory. Hamilton has been second on track in the last two races, even if disqualified in Texas, with a car that looks increasingly competitive in race trim. The circuit hosted the first Brazilian Grand Prix 50 years ago and Mercedes have won there for the past two years and six times in the last eight. We need to have a great weekend in Brazil and I feel confident in our ability to get results right now." "It's a sprint race.

Persons: Lewis Hamilton, George Russell, Max Verstappen, Russell, Hamilton, Toto Wolff, Mercedes, Verstappen's, Alain Prost's, Sebastien Vettel's, Sergio Perez, Perez, Red Bull, Verstappen, McLaren, Ferrari, We've, Ferrari's Charles Leclerc, Carlos Sainz, Alan Baldwin, Pritha Sarkar Organizations: Sao Paulo, Sao Paulo Grand Prix, Hamilton, Interlagos, Prix, Thomson Locations: Brazil, Sao Paulo Grand, Interlagos, Texas, Mexico, Dutch, Mexican, Hamilton, London

DoorDash had in August projected adjusted EBITDA of between $750 million and $1.05 billion. The company expects fourth-quarter adjusted EBITDA, a key measure of profitability, of between $320 million and $380 million, compared with analysts' estimates of $253.3 million. In the third quarter, total orders rose 24% to 543 million from a year earlier. Revenue rose 27% to $2.16 billion, compared with analysts' expectations of $2.09 billion, according to LSEG data. Net loss narrowed to $73 million, or 19 cents per share, in the third quarter, compared with $295 million, or 77 cents per share, a year earlier.

Persons: Dado Ruvic, Ravi Inukonda, DoorDash, Rachel Wolff, Granth, Anil D'Silva Organizations: REUTERS, ALDI, Reuters, Revenue, Thomson Locations: Japan, U.S, Bengaluru

☆ UPenn president Liz Magill launches plan to fight antisemitism after facing donor backlash
▼ + stars: | 2023-11-01 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —University of Pennsylvania President Liz Magill, facing a backlash from donors calling for her to resign, launched a new effort on Wednesday to fight antisemitism at the Ivy League school. “This is an incredibly challenging moment in the world, and we are feeling its reverberations on our campus,” Magill wrote in a letter to the Penn community on Wednesday. “The engagement of Jewish faculty, students, staff and alumni has been an important part of the success of Penn as a leading University,” Magill said. Magill condemned antisemitism broadly before that festival and noted that some speakers had a history of making antisemitic remarks. Organizers of the three-day-long Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.

Persons: Liz Magill, Magill, ” Magill, “, Mark Wolff, UPenn, University of Pennsylvania Liz Magill Shutterstock “, I’ve, Marc Rowan, Rowan, Dick Wolf, Jon Huntsman, Cliff Asness, Penn, ” Rowan, Ronald Lauder, ” Wolf, ”, Vahan Gureghian, Gureghian, Scott Bok, ” Gureghian Organizations: New, New York CNN — University of Pennsylvania, Ivy League, Penn, University of Pennsylvania, Private, “, University, Apollo Global Management, CNN, Israel, Wolf Humanities Center, Daily, Magill Locations: New York, ”, Penn, Palestine, Israel

☆ Technical head Elliott leaves Mercedes F1 team
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 31 (Reuters) - Former Formula One world champions Mercedes announced the surprise departure of chief technical officer (CTO) Mike Elliott on Tuesday only months after he took on the role in a job swap with James Allison. Elliott had been appointed technical director in July 2021, with Allison moving to the CTO role, but they switched positions last April after Mercedes made a slow start to the season following a difficult 2022. Red Bull have won the last three drivers' titles with Max Verstappen as well as the 2022 and 2023 constructors' championships. Mercedes said Elliott, who had been with the team for 11 years and through their record eight successive constructors' titles, had chosen to depart after developing a technical strategy for the future. "Mike is a fiercely intelligent technical brain and a great team-player; he has made a strong contribution not just to winning racing cars but also to building the culture of our team.

Persons: Mercedes, Mike Elliott, James Allison, Elliott, Allison, Red Bull, Max Verstappen, Lewis Hamilton, Bull's Sergio Perez, Mike, Toto Wolff, Alan Baldwin, Toby Davis Organizations: Briton, Thomson

Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world. The documentary “Inside Track: The Business of Formula 1 " will debut Nov. 16 on CNBC ahead of the inaugural Las Vegas Grand Prix. The Las Vegas race is a third stop in the United States this season as F1 has expanded through North America behind a burst of popularity sparked by Netflix's own docudrama on the series. The program also examines the fan experience with a look at the Las Vegas Grand Prix, which is expected to be the most expensive event for spectators on this year's F1 schedule. Eisen also interviews F1 Academy managing director Susie Wolff with a focus on female drivers.

Persons: Netflix's, Sara Eisen, ”, Eisen, ” Eisen, Greg Maffei, Stefano Domenicali, Red Bull, Haas, Lewis Hamilton, Kevin Magnussen, Nico Hulkenberg, Susie Wolff Organizations: CNBC, Las Vegas, North America, Netflix, Liberty Media, Liberty, McLaren, F1 Locations: Vegas, United States, North, America

☆ Hamilton and Leclerc disqualified from U.S. Grand Prix
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Oct 22, 2023; Austin, Texas, USA; Mercedes AMG Petronas Motorsport driver Lewis Hamilton (44) of Team Great Britain drives during the 2023 United States Grand Prix at Circuit of the Americas. Mandatory Credit: Jerome Miron-USA TODAY Sports Acquire Licensing RightsAUSTIN, Texas, Oct 22 (Reuters) - Mercedes accepted their punishment after Formula One stewards disqualified Lewis Hamilton from second place in Sunday's U.S. Grand Prix along with sixth-placed Ferrari driver Charles Leclerc. Mercedes had brought an upgraded car to Texas and Hamilton, whose team mate George Russell moved up to fifth, had looked more competitive. "We can take a lot of positives from the car performance today," said Wolff. Reporting by Alan Baldwin in London, editing by Christian Schmollinger and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Lewis Hamilton, Jerome Miron, Mercedes, Charles Leclerc, COTA, Toto Wolff, Red Bull's Max Verstappen, George Russell, Wolff, Carlos Sainz, Alan Baldwin, Christian Schmollinger, Michael Perry Organizations: Mercedes, Petronas Motorsport, Great, Prix, Circuit, Ferrari, FIA, Austin's Circuit, Thomson Locations: Austin , Texas, USA, Americas, , Texas, Sunday's U.S, Texas, Hamilton, London

☆ Mitt Romney says Ron DeSantis 'looks like he's got a toothache' when smiling for selfies with Iowa voters: 'There's just no warmth at all'
▼ + stars: | 2023-10-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

In a forthcoming book, the Utah senator says DeSantis "looks like he's got a toothache" in selfies. He also pondered whether DeSantis, who's "smarter than Trump," is ultimately more dangerous. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "He looks like he's got a toothache," Romney observed about DeSantis' selfies with voters in Iowa, adding of DeSantis generally: "There's just no warmth at all."

Persons: Sen, Mitt Romney, Ron, he's, —, Ron DeSantis, McKay Coppins, Romney, Donald, Trump, DeSantis Organizations: Trump, Service, Florida Gov, Utah Republican, POLITICO Locations: Utah, selfies, Iowa, Romney

☆ Millennials, Gen Z Mistakenly Bet on Inheritance From Boomer Parents
▼ + stars: | 2023-10-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +14 min

When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.

Persons: Grandma Sue, Grandma Sue's, —, Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago

Rubin died Friday at a hospital in Manhattan after “a brief and sudden illness,” according to his nephew, David Rotter. “Steve Rubin was a great publisher,” Grisham said in a statement. “For more than a month, it was humanly impossible to miss ‘Fire and Fury,’" Rubin wrote in his memoir “Words and Music,” published earlier this year. Rubin joined Bantam Books, a venerable paperback publisher, in the mid-1980s, and remained there for six years before leaving for Doubleday. In his memoir, he offered a succinct, if incomplete prediction: “I suppose the headline of my obit will read 'Publisher of ”The Da Vinci Code" dies'.”

Persons: — Stephen Rubin, John Grisham, ”, Rubin, “, David Rotter, Jacqueline Kennedy, Beverly Sills, Jane Friedman, ” Rubin, Kennedy, Henry Holt, Simon, Simon & Schuster, Bill O’Reilly, Martin Dugard, Laura Esquivel’s, Mitch Albom’s, ” Hilary Mantel’s, George W, Bush's, Bush, John Grisham's, Grisham, unshaven, “ Steve Rubin, ” Grisham, Doubleday, Dan Brown’s, Brown, Steve, Holt, Trump, Michael Wolff’s, Steve Bannon, Wolff, ’, Michael, Luciano Pavarotti, Sills, Cynthia Organizations: HarperCollins Publishers, Associated Press, New York Times, Doubleday, Henry Holt and Company, Simon &, Holt, New York University, Boston University, UPI, The New York Times Magazine, Bantam Books, Rubin Institute for Music, San Francisco Conservatory of Music Locations: Manhattan, Europe, New York City

☆ Hamilton out as Mercedes team mates collide in Qatar
▼ + stars: | 2023-10-08 | by ( Alan Baldwin | ) www.reuters.com time to read: +1 min

Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - October 8, 2023 Mercedes' Lewis Hamilton in action as he crashes out of the race REUTERS/Hamad I Mohammed Acquire Licensing RightsDOHA, Oct 8 (Reuters) - Lewis Hamilton accused Mercedes team mate George Russell of taking him out of the Qatar Grand Prix after the two collided at the first corner of the opening lap on Sunday. Russell continued after a pitstop but Hamilton's car ended up in the gravel minus a rear wheel. "I got taken out by my own team mate," said the seven times Formula One world champion over the radio. What the ...," exclaimed Russell as he made his way back to the pits with the safety car deployed. Team boss Toto Wolff, who is not in Qatar due to recent knee surgery, then came on the radio to tell Russell to focus on the race.

Persons: Mercedes, Lewis Hamilton, Hamad, Mohammed, George Russell, Russell, Hamilton, I've, Toto Wolff, Ferrari, Carlos Sainz, Alan Baldwin, Ken Ferris Organizations: Qatar, Rights, Prix, Hamilton, Ferrari, Thomson Locations: Lusail, Qatar, Russell

☆ Wildfires are getting worse. Check out the pitch deck that landed climate startup Vibrant Planet $15 million from backers like Microsoft to use AI to manage the risk.
▼ + stars: | 2023-10-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A California-based startup using artificial intelligence and machine learning for land management and climate-risk analysis has raised $15 million in Series A funding. Vibrant Planet, which was founded in 2020, offers a data platform to help landowners figure out how to restore ecosystems and manage against the risk of wildfires. Along with rising temperatures, poor land planning and risk mitigation strategies are also to blame for raging wildfires, according to Vibrant Planet CEO Allison Wolff. The land management platform includes real-time scenario planning. Microsoft's Climate Innovation Fund, Citi Ventures, Day One Ventures, SIG Climate, and Globivest also participated in the round.

Persons: Allison Wolff, Wolff, Scott Conway, Netflix's, Neil Hunt, Guy Bayes, Globivest Organizations: Netflix, eBay, Google, Integrity, Innovation Fund, Citi Ventures, One Ventures, SIG, NASA, USDA Smart Commodities Locations: California, Europe, Canada, Chile, Lahaina, Maui

☆ At WTO, growing disregard for trade rules shows world is fragmenting
▼ + stars: | 2023-10-02 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +5 min

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. Those depositing cases include China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea and the United States. The result is a growing disregard for global trading rules among WTO members. Countries have taken advantage of exceptions to WTO rules, such as for national security used by the United States to limit metal imports and some Gulf states to restrict trade with Qatar. Beijing has restricted exports of critical minerals, while Washington has sought to prevent Chinese access to U.S. technology, with national security trumping global trading rules.

Persons: Denis Balibouse, ”, Alan Wolff, Donald Trump, Keith Rockwell, Biden, Ngozi Okonjo, Philip Blenkinsop, Emma Farge, Christina Fincher Organizations: World Trade Organization, REUTERS, WTO, Reuters, Reuters Graphics, European Union, Foundation, Washington, Thomson Locations: Geneva, Switzerland, China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea, United States, Ukraine, North America, Washington, Qatar, Beijing, U.S, Lake Geneva, Indian

NEW YORK (AP) — Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Fox said Thursday that Murdoch would become chairman emeritus of both companies, effective at board meetings in November. Stock in Fox Corp., while positive this year, began to decline early in 2022, due in part to lawsuits and investor anxiety over the loss of viewers to smaller media outlets. While Murdoch never ran for political office, politicians in the United States and Britain anxiously sought his approval. Murdoch dismissed them as isolated instances that were “largely political because we're conservative.”Shares of News Corp. and Fox rose Thursday in early trading.

Persons: — Rupert Murdoch, Fox, Murdoch, Lachlan, Lachlan Murdoch, Rupert Murdoch, Tucker Carlson, Michael Wolff, ”, Paolo Pescatore, ” Murdoch, James, Elisabeth, Prudence, Donald Trump, Wolff, Trump, Ron DeSantis, DeSantis, Britain's, Roger Ailes, Bill O'Reilly, ___, Kelvin Chan, Jill Lawless Organizations: Fox News, News Corp, Fox Corp, Fox, ABC, CBS, NBC, Street Journal, New York, Walt Disney Co, Marvel, Geographic, Channel, CNN, MSNBC, Stock, “, Foresight, HBO, Forbes, Florida Gov, Sky, Sunday Times, Sun Locations: Adelaide, Australia, United States, Britain, Sky, London

☆ Rupert Murdoch completes the real-life 'Succession' story. Here's how his son Lachlan rose to the top.
▼ + stars: | 2023-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Rupert Murdoch announced he is stepping down as the leader of Fox and News Corp.His elder son, Lachlan, will take over both companies, ending a decades-long family drama. She quit the family business years ago. AdvertisementAdvertisementThat left Lachlan and James, who have passed the title of successor between the two of them over the decades. For much of the 2000s and 2010s, it seemed as if James would eventually take over the family business. AdvertisementAdvertisementMeanwhile, Murdoch's favorite son, Lachlan, has been a Roman Roy-esque wild card, with the same right-wing politics as the "Succession" character.

Persons: Rupert Murdoch, Lachlan, HBO's, Lachlan Murdoch, Murdoch, —, Logan Roy, I'm, Murdoch's, Michael Wolff, — Elisabeth, James —, Murdoch didn't, Jonathan Mahler, Jim Rutenberg, Elisabeth, Siobhan Roy, James, Kendall Roy, Wolff, Kendall, Roman Roy, Fair's Gabriel Sherman, Lachlan weren't, Sherman Organizations: Fox, News Corp, Service, Fox Corp, Fox News, Street, New, New York Post, Fair, New York Times, Wall, Century Fox, latter's, New York Magazine Locations: Wall, Silicon, New York, Roman, Australia

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