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☆ Exclusive: Ex-Truepill CEO just scored $6 million to help health plans and pharma companies ditch middlemen and work closely with patients
▼ + stars: | 2024-03-11 | by ( ) www.businessinsider.com time to read: +5 min

He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.

Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers

☆ James Crumbley told son there were ‘people you can talk to’ in meeting hours before school shooting, counselor testifies
▼ + stars: | 2024-03-11 | by ( Nicki Brown | Eric Levenson | ) edition.cnn.com time to read: +7 min

CNN —During a pivotal meeting with school employees hours before the mass shooting at a Michigan high school, James Crumbley told his son there were “people you can talk to,” a school counselor testified Monday in the father’s manslaughter trial. Hopkins testified “on the surface level” it appeared James Crumbley was showing the appropriate level of care for his then-15-year-old son, Ethan Crumbley. The case against James Crumbley, like the one against his wife, is set to test the limits of who is responsible for a mass shooting. James Crumbley did not protest, according to the counselor. “You will not hear that James Crumbley knew what his son was going to do,” she said.

Persons: James Crumbley, ”, “, James, Shawn Hopkins, Hopkins, Ethan Crumbley, James Crumbley’s, Cheryl Matthews, Crumbley, Ethan, James ’, Jennifer Crumbley, Jennifer Crumbley’s, Nicholas Ejak, Jennifer, Ejak, ” Ejak, it’s, St, Juliana, Justin Shilling, Madisyn Baldwin, Tate Myre, Marc Keast, ” Keast, Mariell Lehman, Edward Wagrowski, Ethan texted, ’ ” Ethan, Wagrowski, CNN’s Lauren del Valle, Nic F, Anderson Organizations: CNN, Oxford High, Wednesday, Oxford High School, Prosecutors, Oakland, SIG Sauer Locations: Michigan

☆ Pfizer is betting big on cancer drugs to turn business around after Covid decline – here's what to know
▼ + stars: | 2024-03-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. That $43 billion Seagen acquisition doubled Pfizer's oncology drug pipeline to 60 different experimental programs. Some analysts noted that it might take a few years for some of Pfizer's cancer drugs in mid-stage development to show pivotal clinical trial data and become less risky. Revenue from the blockbuster breast cancer drug Ibrance and prostate cancer treatment Xtandi, which Pfizer shares with Astellas Pharma, has declined over the past year. They are among the most expensive prescription drugs in the U.S. Before the Seagen deal, 94% of Pfizer's cancer products were small-molecule drugs.

Persons: Wall, Seagen, Chris Boshoff, Boshoff, David Ryder, Trung Huynh, Joe Biden's, Chris Schott, Suneet Varma, RemeGe, Merck, Padcev, Guggenheim, Pfizer's, Pfizer hasn't, Dr, Mikael Dolsten, Irfan Khan Organizations: Nurphoto, Getty, Pfizer, Astellas Pharma, Guggenheim, Bloomberg, UBS, Medicare, Drug Administration, FDA, ADC, JPMorgan, Drugs, CNBC, CVS Pharmacy, Los Angeles Times Locations: Covid, Bothell , Washington, U.S, biologics, China, Eagle Rock , California

☆ Plan to Deliver Aid by Sea Faces Big Hurdles
▼ + stars: | 2024-03-09 | by ( Gaya Gupta | ) www.nytimes.com time to read: +4 min

“It constitutes tacit consent and encouragement on the part of the governments of Canada and Sweden to continue to ignore the involvement of UNRWA employees in terrorist activity,” the statement said. In a government statement on Saturday, Sweden said that it would disburse a conditional first payment of some $20 million. The United Nations has also commissioned an external review. The United States and other countries announced plans this week to try to get aid into northern Gaza by sea through the Mediterranean coast. In recent weeks, nations have been sending in aid via airdrops attached to parachutes.

Persons: Benjamin Netanyahu, Israel, ” Philippe Lazzarini, Aaron Boxerman Organizations: United Nations, United Nations Relief, Works Agency for Palestine Refugees, Israel’s Ministry of Foreign Affairs, UNRWA, Nations, European Union, United, Palestinian Locations: Canada, Sweden, Gaza, Israel, United States, Jerusalem

☆ I convinced my boyfriend to start a business with me. We broke up once, and the company failed, but we're now married.
▼ + stars: | 2024-03-09 | by ( Suzanne Duret | ) www.businessinsider.com time to read: +4 min

We fell in love that night, and it was the start of our whirlwind romance. A year in, we broke up for the first time because I couldn't stand his snoring, but we eventually came back together and started dating again. But then we started a business togetherI had been working on a side startup project. The business took off, and so did our relationshipWe quickly fell back into our "intimate" relationship and started therapy. AdvertisementEventually, the business failed, but our relationship didn'tJust as our business was getting close to actually making money, the economy did a major nose-dive.

Persons: Gary, I'd, —, Gary I Organizations: Service, Business

☆ How a British tank museum is helping Ukraine to repair its Soviet-era armor
▼ + stars: | 2024-03-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewA tank museum in England is helping Ukrainians in the fight against Russia. Home to over 300 tanks from 26 countries, The Tank Museum in Bovington possesses an archive of manuals, diagrams, and documents on repairing Soviet-era tanks and armor damaged while battling for Ukraine. Using these archives and its track specimens, The Tank Museum has been working with County Durham-based Cook Defense Systems to produce replacement tracks and drive sprockets.. The Tank Museum is a surprise hit on social mediaNor is this the first time that the museum has used its expertise to help out modern-day armies. AdvertisementThe Tank Museum is close to the British Army's Bovington Garrison where it trains all soldiers destined for regiments equipped with armoured vehicles.

Persons: —, David Willey, Finnbarr Webster, Rishi Sunak, Volodymyr Zelensky, Andrew Matthews, Garrison, Volodymyr Zelenskyy Organizations: Service, Russia, The Tank, Tank, Cook Defense Systems, Business, Cook Defence, UK's Ministry of Defence, Cook Defense, Museum, British Army, The, British Royal Air, Tank Museum, RAF Tornado, British, Challenger Locations: England, Bovington, Ukraine, County Durham, Germany, Libya, Lulworth , Dorset, Ukrainian

So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

9 to 0 — I’m going to say that again — 9 to 0, ruled that states can’t keep Donald Trump off their ballots. It’s how — Trump has said to his loyalists, I am your retribution, so maybe we should just look at this as a blueprint for retribution. He’s going to end up — when he gives his big convention speech, he’s going to end up making promises on economic policy, domestic policy, and so on. ross douthatSo here’s why I’m sort of — Carlos, especially to your point — like, trying to focus us on the sharpest possible conflicts. But if most of the country’s political and emotional energy is instead focused on Trump himself, rather than real, actual debates, then I think Trump is winning, period, and the country is losing.

Persons: carlos lozada, polgreen Wow, ross douthat, lydia polgreen, Kiefer Sutherland, carlos lozada Totally, michelle cottle Perfect, lydia polgreen You’re, Kiefer, I’m Ross Douthat, michelle cottle I’m Michelle Cottle, carlos lozada I’m Carlos Lozada, Lydia Polgreen, michelle cottle Chin, Biden, lydia polgreen It’s, —, can’t, Donald Trump, Grover Cleveland, michelle cottle, Jesus, Donald Trump’s, Carlos Lozada, it’s, Carlos, ross, carlos lozada You, “, Trump, Nikki Haley, carlos lozada Yes, He’s, United States — carlos lozada, carlos lozada Harold Meyerson, ”, Harold — carlos lozada —, michelle cottle —, — Trump, Trumpism, lydia polgreen Trump, carlos lozada —, part’s, michelle cottle You’re, Lydia, let’s, Michelle, — ross douthat Michelle, michelle cottle Oh, Hillary Clinton, — ross, lydia polgreen Get, michelle cottle Mexico’s, Mike Shear, Julie Davis’s, ” ross douthat, carlos lozada Michelle, michelle cottle I’m, George Floyd, I’m — ross, polgreen, I’m, — michelle cottle, he’s, lydia polgreen I’m, Dobbs, ross douthat Carlos, we’ve, unquote, carlos lozada Well, carlos lozada He’s, — carlos lozada Boo, Matt Iglesias, That’ll, that’ll, Peter Navarro, doesn’t, there’ll, lydia polgreen There’ll, carlos lozada Ross, there’s, ” michelle cottle, lydia polgreen Couldn’t, John Roberts, Peter Baker, Susan Glasser’s, Maggie Haberman’s, — michelle cottle Beat, ross douthat —, It’s, Asli Aydintasbas, she’s, Ross, Viktor Orbán, Joe Biden, ideologues, ross douthat Lydia, — carlos lozada, ross douthat Go, nope — ross, Miley Cyrus, it’s Truman, I’ve, lydia polgreen There’s, Bilbo, Martin Freeman, michelle cottle Big, michelle cottle Carlos, We’ve, carlos lozada You’re, We’ll, lydia polgreen Bye Organizations: New York, Republican, New York Times, Siena College, Trump, Heritage Foundation, Leadership, GOP, Republicans, HHS, Department of Health, Human Services, Department of Life, CDC, Department of Justice, Justice Department, National Guard, of Homeland Security, Democrats, Politico, America, United States Constitution, Swans, East, Brooklyn, Northwest Missouri State University, carlos lozada Business Locations: New, America, Douthat, ”, Washington, United States, lydia polgreen Get Mexico, Francisco, China, Turkish, Turkey, Manhattan, Brooklyn

☆ The CEO of hot weight-loss startup Found is stepping down as the company pivots to a new strategy
▼ + stars: | 2024-03-08 | by ( ) www.businessinsider.com time to read: 1 min

Sarah Jones Simmer, the CEO of weight-loss company Found, is stepping down, a company spokesperson confirmed. Found is one of the startups that grew to prominence amid the frenzy for weight-loss drugs like Wegovy. The change comes as Found expands its focus to working with employers. Sarah Jones Simmer is out as CEO of the weight-loss startup Found, a company spokesperson confirmed to Business Insider on Friday. Simmer decided to step down to "elevate leaders with seasoned healthcare expertise," the Found spokesperson said.

Persons: Sarah Jones Simmer, Simmer Organizations: Business

☆ After an earnings blow out, CEO explains how Gap is 'reigniting' its brand
▼ + stars: | 2024-03-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After Gap 's earnings report topped Wall Street's expectations on Thursday, CEO Richard Dickson told CNBC's Jim Cramer how his company is managing to turn its business around. "We've been reigniting this brand and drawing on what the brand was so special in the first place, really taking on trend products and amplifying it in new ways that only Gap can," he said. "We're using music, we're using fashion as entertainment, and we're taking basic product—linen, denim, wovens, pants—and we're amplifying the narrative around these categories and driving share growth." In addition to its namesake brand, Gap owns brands including Old Navy, Banana Republic and Athleta. "Zac's creative expertise, his cultural clarity, it's consistently evolved American fashion," Dickson said.

Persons: Richard Dickson, CNBC's Jim Cramer, We've, Dickson, he's, Mattel's Barbie, Zac Posen, Richard Dickson's Organizations: Mattel, Old Navy, Banana, Navy Locations: Banana Republic

☆ Gap shares pop as company's holiday earnings blow past estimates, Old Navy returns to growth
▼ + stars: | 2024-03-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTA general view of an Old Navy store. Sales at Old Navy grew 6% to $2.29 billion, and Gap's overall gross margin surged 5.3 percentage points to 38.9% thanks to fewer markdowns and lower input costs. The extra week contributed about four percentage points of growth during the fiscal fourth quarter, the company said. Last month, Gap announced it had tapped fashion designer Zac Posen to be its creative director and Old Navy's chief creative officer. "His role as chief creative officer at Old Navy is really to harmonize, orchestrate and dial up the storytelling across product and marketing."

Persons: Richard Dickson, We're, Dickson, It's, he's, Zac Posen, isn't, He'll, they've, Eric Chan, Amy Thompson, Mattel's Organizations: Old Navy, Inc, Navy, LSEG, CNBC, Mattel, LA Clippers Locations: Posen

☆ I'm a chef comparing 5 popular store-bought red sauces, and I found the best is worth paying a little extra for
▼ + stars: | 2024-03-06 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: 1 min

I used my expertise as a professional chef to review five brands of store-bought marinara sauce. Classico's marinara seemed more appropriate for pizza and the Newman's Own sauce was just OK.Rao's Sensitive marinara sauce, which doesn't contain onions or garlic, was my favorite. 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 . AdvertisementI used my expertise as a chef to find the best store-bought red sauce.

Persons: marinara, — Organizations: Service

☆ The Voyager spacecraft will probably last a billion years, says a scientist on the mission for nearly five decades
▼ + stars: | 2024-03-06 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

Cummings started working on the Voyager mission when he was a graduate student at Caltech in 1973, about four years before the two spacecraft launched. Voyagers' enduranceThe Voyager mission has been gathering groundbreaking data and photos since the beginning. Before Voyager, Cummings was part of an experiment to measure cosmic rays using a balloon. "It was very fortunate for me," he said, because he was able to then join the Voyager mission. NASA/JPL-CaltechIn 2012, Voyager 1 became the first human-made spacecraft to enter interstellar space and Voyager 2 followed six years later.

Persons: —, Alan Cummings, Cummings, Alan Cummings Voyagers, Saturn, Carl Sagan, Voyagers, they'll, JPL Cummings, There's Organizations: Service, Caltech, Business, Hubble, NASA, Engineers, JPL Locations: Manitoba, Canada, Russia

☆ Meet Neema Raphael, the data whiz overseeing Goldman Sachs' army of engineers and scientists key to the bank's AI ambitions
▼ + stars: | 2024-03-06 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

We always use this code: garbage in, garbage out," Raphael, chief data officer and Goldman partner, told Business Insider. As Goldman goes all-in on AI, Raphael is emerging as a key player impacting the bank's future. How Raphael's data platform team is leading the way for AI innovation at GoldmanEven though Raphael's day can vary greatly, it always starts the same. AdvertisementOne is the data platform team, which oversees the entire data stack, including infrastructure and how people access data. For Goldman, AI is not new.

Persons: Goldman Sachs, Raphael, Goldman, It's, SecDB, That's Organizations: Service, Business, Goldman, JPMorgan, UC Berkeley, Engineering SWAT, Curation

☆ Meet Boston's new power venture capitalist
▼ + stars: | 2024-03-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +10 min

A changing of the guard is underway at Boston-based venture capital firm Underscore VC. The venture capitalist, wearing a cherry red cardigan and Apple Watch, cracked open a notebook and set it beside an iced coffee. Underscore VCLyman's Facebook credentials could have given her a ticket to many venture firms located down the road in Menlo Park. "The thesis is that if you get the right people around the business at the right time, it'll change the trajectory of the business," Lyman said. As Lyman steps up, so does UnderscoreUnderscore is moving into its next phase during a reckoning for venture capital.

Persons: Lily Lyman, —, Mike Greene, Marley, Lyman, Greene, she's, Michael Skok, John Pearce, Lyman —, Lily, they're, Skok, Alessandra Henderson, Pamela Aldsworth, Jeff Bussgang, Hi Marley, Gordon Ritter, Kevin Bacon, There's, Ritter Organizations: Service, Harvard University, Facebook, House, Apple Watch, Elektra Health, JPMorgan, New England Venture Capital Association, MIT, Allston Venture Fund, Harvard, Boston's, Capital Partners, OpenView Venture Partners, SEC, Old, Capital Locations: Boston, Old, Menlo Park

☆ Are we in the Anthropocene Epoch? Not so fast, geologists say
▼ + stars: | 2024-03-05 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

CNN —Scientists have voted against a proposal to declare a new geological epoch called the Anthropocene to reflect how profoundly human activity has altered the planet. The vote followed a 15-year process to select a geological site that best captures humanity’s impact on the planet. Some experts argued that the start of the Anthropocene could be better defined in other ways, such as the beginning of the Industrial Revolution. “This is the commission’s expert group for this interval of geological time and we are bound by its decision. Regardless of whether the term is officially classified as a geological epoch, Anthropocene is already widely in use, Cohen noted.

Persons: Kim Cohen, ”, Cohen, Phil Gibbard, eon, Colin Waters, Waters, …, David Harper, ” Harper, hadn’t, “ Organizations: CNN —, International Union of Geological Sciences, CNN Tuesday, geosciences, Utrecht University, Scott Polar Research, University of Cambridge, Geologists, University of Leicester, Durham University, International, of Locations: Ontario, Netherlands, United Kingdom

☆ The No. 1 habit all highly resilient people have, according to a career expert
▼ + stars: | 2024-03-05 | by ( Jason Shen | In Jasonshen | ) www.cnbc.com time to read: +5 min

1 habit I see in my most resilient clients is the ability to shift their stress response from "fight-or-flight" to "tend-and-befriend." But social scientists have uncovered a different and equally important stress response called " tend-and-befriend ," which focuses on caring for others and reaching out to strengthen social connections. This response was extremely helpful when threats were physical, but it is far less so when threats are cognitive or social. We all know about fight-or-flight — the stress response that can occur when we encounter a perceived threat, like a 15-minute calendar invite from your boss titled "Performance." Hug, cuddle, or self-sootheEngaging in positive touch through hugs and cuddles with loved ones or even furry friends can dramatically reduce the distress of a negative situation.

Persons: it's, I've, Jason Shen, Y Organizations: Social, Stanford University, CNBC Locations: arm's

☆ Russia Says It Is Considering Putting a Nuclear Power Plant on the Moon With China
▼ + stars: | 2024-03-05 | by ( March | At A.M. | ) www.usnews.com time to read: +2 min

MOSCOW (Reuters) -Russia and China are considering putting a nuclear power plant on the moon from 2033-35, Yuri Borisov, the head of Russia's space agency Roscosmos said on Tuesday, something he said could one day allow lunar settlements to be built. Borisov, a former deputy defence minister, said that Russia and China had been jointly working on a lunar programme and that Moscow was able to contribute with its expertise on "nuclear space energy". Solar panels would not be able to provide enough electricity to power future lunar settlements, he said, while nuclear power could. Its first moon mission in 47 years failed last year after Russia's Luna-25 spacecraft spun out of control and crashed. China said last month it aimed to put the first Chinese astronaut on the moon before 2030.

Persons: Yuri Borisov, Roscosmos, Borisov, Russia's Luna, Vladimir Putin, ReutersEditing, Andrew Osborn Locations: MOSCOW, Russia, China, Moscow, Russian, United States

☆ NASA had an ambitious $2 billion plan to refuel satellites in orbit using robotic arms. A decade later, it's in shambles.
▼ + stars: | 2024-03-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe National Aeronautics and Space Administration (NASA) is giving up its mission to refuel old satellites in orbit, putting an end to an ambitious $2 billion project plagued by delays and technical setbacks. The administration said on Friday that it's discontinuing the effort after an independent review, citing "continued technical, cost, and schedule challenges." NASA said it's working on mitigating the impact of the OSAM-1's cancellation on staff at the Goddard Space Flight Center in Greenbelt, Maryland. NASA and Maxar did not immediately respond to requests for comment sent outside regular business hours by Business Insider.

Persons: —, wasn't, Maxar, it's Organizations: Service, National Aeronautics and Space Administration, NASA, Business, Technologies, Staff, Goddard Space Flight, CNBC Locations: California, Greenbelt , Maryland

Despite a challenging fundraising environment, women-led venture capital funds made gains in 2023. According to research by Venture Capital Journal, women-led funds' share of total fundraising increased to about 3% of the $107 billion raised last year by venture funds worldwide, up from less than 2% of the 2022 total. While it's a small fraction of the total pool, venture capital funding in the U.S. for companies founded by women has been trending up in recent years. The upswing has had some help from the creation of incubators for women founders, more new companies founded by women and more venture capital funds focused on underrepresented founders. Portfolia creates and manages about 16 venture funds designed for individual investors who want to invest in a portfolio of mostly women-led startups and want to learn more about venture investing.

Persons: Trish Costello, Portfolia, Costello, Elizabeth Clayborne, Steve Washington, Clayborne, wouldn't Organizations: Venture Capital Journal, YourChoice Therapeutics, CNBC Locations: U.S

☆ Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from the IRS. What investors need to know
▼ + stars: | 2024-03-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. The IRS announced it hired two former crypto executives to beef up its digital currency service, reporting, compliance and enforcement programs. "Everybody's been waiting for the tidal wave of this enforcement activity," said James Creech, an attorney and senior manager at accounting firm Baker Tilly. More from Personal Finance:IRS targets wealthy 'non-filers' with new wave of compliance letters4 red flags for an IRS tax audit — and how to avoid the 'audit lottery'IRS aims to close 'inequity gap' for unpaid taxes. These actions will trigger a "significant amount" of crypto enforcement, said Hylton, who is a former IRS commissioner for the agency's small business and self-employed division.

Persons: Everybody's, James Creech, Baker Tilly, Eric Hylton, John Doe, Hylton Organizations: IRS, Finance, Alliantgroup

☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

☆ How Victoria Beckham fell for Paris
▼ + stars: | 2024-03-04 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +5 min

Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week. Paris CNN —Unscathed by the PETA protesters who disrupted her show, Victoria Beckham closed out the fifth day of Paris Fashion Week at the lavish Salomon de Rothschild Hotel on Friday night. At Carven, Louise Trotter, former creative director for Lacoste, presented her first collection for the French heritage house. Off-White creative director Ibrahim Kamara after the presentation of his debut collection for the brand. (British fashion houses including Vivienne Westwood and Paul Smith also relocated to Paris at different stages of their careers.)

Persons: Victoria Beckham, Salomon de Rothschild, Simon Porte Jacquemus, Anna Wintour, Carine Roitfeld, Louise Trotter, Lacoste, Saint Martins, Seán McGirr, Alexander McQueen, Sarah Burton, Ibrahim Kamara, Virgil Abloh’s, Kristy Sparow, Nina Ricci, Harris Reed —, —, ”, … I’ve, Karl Lagerfeld, Yohji Yamamoto, Charles Worth, “, Harris Reed, Victor Virgile, Stella McCartney, Chloé, Lagerfeld, John Galliano, Dior, Phoebe Philo, Kim Jones, Louis Vuitton, Vivienne Westwood, Paul Smith, Serge Carreira, ” Carreira, Yanshan Zhang, Melody Thomas, Parsons Organizations: CNN, Paris, Paris CNN, PETA, French Vogue, Saint, Givenchy, Louis, Dior, Haute Couture, Fashion, Parsons Paris Locations: Paris, French, British, Carven, Central, London, Great Britain, Europe

☆ South Korea and US begin large annual military drills with eye on North Korea
▼ + stars: | 2024-03-04 | by ( Brad Lendon | Gawon Bae | ) edition.cnn.com time to read: +2 min

Seoul, South Korea CNN —South Korea and the United States began their annual Freedom Shield joint military drills on Monday to bolster readiness against North Korea. The 11-day drills will integrate elements of “live exercises” with constructive simulations, according to United States Forces Korea (USFK) and South Korea’s Defense Ministry. North Korea has previously condemned US and South Korea joint military drills, but it has not yet made any official comment or response to the current exercises. In January, Kim called the South the North’s “primary foe and invariable principal enemy” and ordered a reunification monument in the North Korean capital to be demolished. Meanwhile, North Korea has fostered closer ties with Russia, providing Moscow with arms for its war in Ukraine.

Persons: Seoul’s, Lee Sung, jun, USFK, Kim Jong, Kim, ” Organizations: South Korea CNN, United States, North, United States Forces, Korea’s Defense Ministry, Chiefs, Staff, South, CNN North Korean Locations: Seoul, South Korea, North Korea, United States Forces Korea, Northeast Asia, Korea, Russia, Moscow, Ukraine, East Asia, United States

☆ Founders Fund partner Sam Blond has left the firm
▼ + stars: | 2024-03-04 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

Sam Blond has left Founders Fund after 17 months with the firm. Blond's departure from Founders Fund is the second in as many months after Keith Rabois left. AdvertisementSam Blond, the Founders Fund partner who brought sales expertise from his years at Brex and Zenefits, has left the firm, he announced on X. He's the second partner to depart Founders Fund this year after Keith Rabois made a return to Khosla Ventures in January. In 2022, Founders Fund took part in 84 rounds that totaled about $6.6 billion.

Persons: Sam Blond, he's, Keith Rabois, —, I've, Blond, Forbes, Rabois, Axios Organizations: Fund, Service, Founders Fund, Khosla Ventures, Brex, Institutional Locations: Brex

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