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Disney fended off the activist investor Nelson Peltz for the second time in two years, as its shareholders rejected his effort to win two seats on its board. The House of Mouse claimed a “substantial” margin of victory, after a bitterly fought contest with Peltz and his major backer, the former Marvel chair Ike Perlmutter. Based on preliminary results from Wednesday’s annual investor meeting, Disney’s board candidates won the backing of 75 percent of individual shareholders, an outsize investor base. But like any good Disney tale, the board fight provided a series of lessons for the future — for companies and activists alike. That included cost-cutting efforts, an investment in the video game giant Epic Games and a shake-up in the struggling movie division.

Persons: Iger, Nelson Peltz, Mouse, Peltz, Ike Perlmutter, Bob Iger Organizations: Disney, Marvel, Wall Street

☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

☆ I was poached and then laid off 60 days later. I was embarrassed to talk about it, but doing so helped me get my next job.
▼ + stars: | 2024-04-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

A company poached Amanda Nielsen from her job and then let her go 60 days later. I survived the cut, but a lot of my team was let go, and the job didn't feel the same. A manager from another company in the same industry reached out and made me a job offer I could not refuse. Even though I was open-minded about roles and had a solid résumé and network, I struggled with my job hunt. I joked that my calendar was just as full during my job search as when I was working full time.

Persons: Amanda Nielsen, Nielsen, — Organizations: LinkedIn, Service Locations: Denver

☆ I was poached, then laid off 60 days later. I was embarrassed to talk about it, but doing so helped me get my next job.
▼ + stars: | 2024-04-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

A company poached Amanda Nielsen from her job, then let her go 60 days later. A manager from another company in the same industry reached out and made me a job offer I could not refuse. One thing that had changed since my last job search four years earlier was the pandemic and the rise of remote work. I joked that my calendar was just as full during my job search as when I was working full-time. I also continued to post content about my job search journey, which can feel embarrassing and uncomfortable, but it helped people learn that I was still on the market.

Persons: Amanda Nielsen, Nielsen, — Organizations: LinkedIn, Service Locations: Denver

☆ US veteran in Ukraine says Russia is the 'alpha predator on the battlefield' now because of ammo shortages
▼ + stars: | 2024-04-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Read previewUkraine's ammunition shortages are allowing Russia to be the "alpha predator on the battlefield," a US veteran fighting in Ukraine said. Jackie said that because Ukraine doesn't have enough artillery, Russia has "free reign." Jackie said Ukraine's troops fighting against Russia's invasion are used to fighting with less artillery than the Russians. "We need only suppress Russian artillery and armor," he said. He said that they kept a corridor open for Ukraine's troops to retreat down.

Persons: —, Jackie, bloodying, it's, Vlada, Ukraine's pullout, We're Organizations: Service, 3rd Assault Brigade, Business, Ukraine, Getty, White, —, Republicans Locations: Russia, Ukraine, Russia's, Russian, Avdiivka, Czech Republic, Europe

☆ Ammunition shortages are letting Russia be the 'alpha predator on the battlefield,' US veteran in Ukraine says
▼ + stars: | 2024-04-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

☆ Disney's Iger says Peltz proxy battle was a 'distraction,' board is focused on picking his successor
▼ + stars: | 2024-04-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Iger noted that the activism has not changed Disney's succession process. Chapek held the post for more than two years before Iger returned to it. "Obviously, we all learn from the past, and we're prepared for this process to be successful," Iger said. In an interview with CNBC on Thursday, Peltz said he did not have any personal vendetta against Iger but wanted to ensure the company had a leadership plan in place. "The only issue I had with Bob was the succession plan, which again is at the feet of the board," he said.

Persons: Nelson Peltz's, Bob Iger, Iger, Bob Chapek, Chapek, we're, Peltz, Bob Organizations: Disney, CNBC

The 2024 Sohn Investment Conference took place in New York took place Wednesday, with a slew of hedge fund managers highlighting their top ideas. Here are some of the top picks mentioned: Vijay Shilpiekandula, Dilation Capital Investment Idea: ASML Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. Jesse Cohn, Elliott Investment Management Investment Idea: Etsy E-commerce platform Etsy is an undervalued company, according to Elliott Investment Management managing partner Jesse Cohn. Seth Fischer, Oasis Management Investment Idea: Kao There's an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management. David Einhorn, Greenlight Capital Investment Investment idea: Solvay Greenlight's David Einhorn unveiled Solvay as his top investment idea , saying the European chemicals company is a market leader with an attractive valuation.

Persons: Vijay Shilpiekandula, Vijay, ASML, Shilpiekandula, Jesse Cohn, Etsy, Cohn, Seth Fischer, Kao, Fischer, David Einhorn, Solvay, Einhorn, Michael Buckley, Natera, Buckley, Mohammed Anjarwala, Carpenter, Anjarwala Organizations: Elliott Investment Management Investment, Elliott Investment Management, Body, Oasis Management Investment, Oasis Management, Nikkei, Greenlight Capital Investment Investment, Solvay, Duquesne Family, Duquesne Family Office, Global, Technology Carpenter Technology, Boeing, Airbus Locations: New York, Europe, Bath

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ NATO’s next challenge: How to reverse years of underfunding defense
▼ + stars: | 2024-04-03 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

For over a decade, allies have chronically underspent on defense while the West’s adversaries modernized and bolstered their own military capabilities. Defense spending stayed low across the West not just because of budget pressures, but also because everyone – including the US – was frightened to provoke Russia. However, the nature of NATO allies’ support for Ukraine – much of it direct military support – has exposed the vulnerability that years of underfunding has caused the alliance. Fabian Bimmer/Pool/ReutersThis means that the challenge in front of NATO allies now is not just how can they meet the demand for weapons coming from Ukraine, but how do they reverse years of underfunding their own defenses? Some allies don’t trust that others will be quite so generous with defense spending if the Russia-Ukraine war were to end.

Persons: Vladimir Putin’s, Putin, Volodymyr Zelensky, Murat Kula, ”, ” John Herbst, Antony Blinken, Ulf Kristersson, Andrew Caballero, Reynolds, underfunding, It’s, Herbst, NATO’s, –, Jens Stoltenberg, Olaf Scholz, Fabian Bimmer, Stoltenberg, ” Stoltenberg, Peter Ricketts, Douglas Lute, “ Organizations: CNN, NATO, Turkish, Anadolu Agency, Pentagon, “, Swedish, US State Department, Getty, Ukraine, Rheinmetall, Trump Locations: Soviet, Bosnia, Kosovo, Afghanistan, Iraq, Ukraine, United States, British, Vilnius, Russia, Kyiv, Europe, Germany, AFP, North Korea, Iran, Washington, Unterluess, Baltic, Brussels, Finland, Sweden, NATO

☆ Mark Cuban is doubling down on backing DEI, saying it's boosted his bottom lines
▼ + stars: | 2024-04-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

I know DEI is a positive because I see its impact on bottom lines. Cuban told BI. Advertisement"You may not agree, but I take it as a given that there are people of various races, ethnicities, orientation, etc that are regularly excluded from hiring consideration," Cuban told Musk in January. In March, Cuban told podcaster Lex Fridman that "it's fun to engage" with Musk on diversity initiatives. "When we start talking about DEI and that it's de facto racist — this stuff that I just think is nonsense — I have no problem sharing my opinion," Cuban told Fridman.

Persons: —, Cuban, That's, Christopher Rufo, Jordan Peterson, Peterson, Christopher, Jordan, — Mark Cuban, Elon, Musk, podcaster Lex Fridman, Fridman Organizations: Service, Business, Twitter, BI, Fortune, DEI Locations: Cuban

☆ As it looks to keep its edge over rivals, the US Navy's biggest shipbuilding projects are delayed by years, new review finds
▼ + stars: | 2024-04-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Read previewThe US Navy's biggest shipbuilding projects, from new submarines to a first-in-class guided-missile frigate, are delayed by one to three years, according to a new Navy report. A chart from the Secretary of the Navy's 45-day shipbuilding review. AdvertisementThat growing concern comes as China's shipbuilding turns out not only more warships, but also increasingly capable ones. The Navy review, Guertin said, "identified major initiatives to drive improvement that we plan to pursue." "Our Navy ships exist to strengthen American dominance and deliver warfighting capability by providing the tools our warfighters need to operate the world's strongest navy.

Persons: —, Nick Guertin, There's, COVID, George Washington, Jonathon Gruenke, Carlos Del Toro, Del Toro, James Stavridis, Fang Sihang, Guertin Organizations: Service, Navy, Business, BI, Navy Public Affairs, Department of Defense, USS Enterprise, Enterprise, Ford, Newport News Shipbuilding, Virginian, Tribune, Getty, Virginia, Columbia, DoD, US Locations: China, Virginia, Columbia, Xinhua

NEW YORK (AP) — The IRS says it's making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if they didn't qualify. An ongoing program that lets small businesses withdraw unprocessed claims has led to 1,800 businesses withdrawing $251 million worth of claims. “We remain deeply concerned about widespread abuse involving these claims that have harmed small businesses,” said IRS Commissioner Danny Werfel.

Persons: “, ”, Danny Werfel Organizations: IRS, ERC

☆ How Trump’s greatest policy triumph could derail his bid to win back the White House
▼ + stars: | 2024-04-02 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The Florida Supreme Court issued a separate ruling on Monday that could energize Democrats’ efforts to hold Trump to account on abortion. The ex-president has long been wary of taking a definitive stand against abortion rights. But some Republicans are infringing the spirit of the Supreme Court ruling – which sent the issue back to individual states – by pushing for a national ban. And Democrats believe they have an issue, in abortion rights, that could thwart him – despite Biden’s own unpopularity. Democrats are delighted since they have had considerable success in using ballot initiatives to protect abortion rights or reject further restrictions.

Persons: Donald Trump’s, Trump, Roe, Wade, Ron DeSantis, ”, it’ll, Joe Biden –, –, he’d, “ What’s, ” Trump, “ You’re, ’, He’s, Biden, we’ve, Julie Chavez Rodriguez, DeSantis, There’s, Florida Republican Sen, Rick Scott, Scott, Democratic Sen, Bill Nelson, he’s, Debbie Mucarsel, Powell Organizations: CNN, Republican, Florida’s, Gov, Biden, Florida Supreme, Trump, GOP, Democratic, Republicans, Sunshine State, Florida Republican Locations: Florida, Trump’s, Kansas, Ohio, Alabama, United States, Michigan , Montana , California, Kentucky, Republican Ohio

Post's price target increase is in line with his move on the GAAP price-to-earnings multiple to 22 from 21. — Alex Harring 6:39 a.m.: Melius moves to sidelines on Boeing Boeing has too many areas of concern, Melius Research warned. Analyst Robert Spingarn downgraded the plane maker to hold from buy and slashed his price target by $71 to $209. Analyst Filippo Falorni upgraded the cosmetics stock to buy from neutral and hiked his price target by $15 to $175. Analyst Brennan Hawken downgraded the investment asset manager to neutral from buy and cut his price target by $5 to $135.

Persons: Grinder, Justin Post, Meta, — Alex Harring, Eli Lilly, Andrew Baum, Baum, Novo, Robert Spingarn, Spingarn, LSEG, Alex Harring, Filippo Falorni, Falorni, Estee Lauder, Lauder, Tom Ford, Le, Blackstone, Brennan Hawken, Hawken, JMP, Nicholas Jones, Jones, Grindr, Christopher Dendrinos, Dendrinos, — Fred Imbert Organizations: CNBC, RBC, GE, of America, Citi, Indianapolis, Boeing Boeing, Melius, Boeing, Dow Jones, Coca, Cola, Beverage, Travel, UBS, GE Vernova, New York Stock Exchange Locations: Monday's, Asia Pacific, Asia

☆ Mark Cuban says pushing back against Elon Musk on X is fun: 'I have no problem sharing my opinion'
▼ + stars: | 2024-04-02 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

Mark Cuban says he enjoys his online sparring matches with Elon Musk. Cuban told podcaster Lex Fridman that he likes pushing back on Musk's platform. AdvertisementMark Cuban is having fun prodding Elon Musk. And Cuban says he enjoys poking the bear — even if his discussions about DEI with the tech mogul aren't always fruitful. He just comes back with snark comments," Cuban said in an interview on the Lex Fridman Podcast.

Persons: Mark Cuban, Elon Musk, podcaster Lex Fridman, —, Musk, aren't, Lex Fridman Organizations: Elon, Service, Business

☆ Shein made $2 billion in profits last year. That's a lot of fast fashion.
▼ + stars: | 2024-04-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

That beats the fiscal year of rival fast fashion company H&M. AdvertisementIt appears we consumed quite a bit of fast fashion last year. AdvertisementFor a generation of shoppers who say they like to be environmentally conscious, that's a lot of fast fashion — an industry that relies on cheap labor but comes with a heavy environmental cost. Still, it was a recognition from the fast fashion giant that it knows who its audience is and what they care about. But for now, it's onward and upward for fast fashion.

Persons: Zers, millennials, —, Barron's, It's, Shein, Janus, Jadrian Wooten Organizations: Service, Financial Times, United Nations Environment, New, Virginia Tech, Sheffield Hallam University, & $ Locations: Zara, England, Guangzhou, China

☆ Read Ken Griffin's letter to Citadel investors. He gives his 2024 outlook and talks about building a 'formidable team.'
▼ + stars: | 2024-04-01 | by ( Hayley Cuccinello | Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Griffin noted that 2023 was a difficult year for the hedge fund industry and expected the medium-term to "remain challenging." Citadel and Griffin's market maker, Citadel Securities, received over 100,000 applications for full-time jobs and internships this year, Griffin said. "We take pride in having built one of the most formidable teams in hedge fund history," he said. The remarkable achievements of our portfolio managers are a testament to the constructive and empowering culture at Citadel. Assembling the Premier Team in Hedge Fund HistoryWe take pride in having built one of the most formidable teams in hedge fund history.

Persons: Griffin, Kenneth C Organizations: Business, Disney World, Citadel, Citadel Securities, Citadel Wellington LLC, Team, Congressional, U.S, LCH Investments Locations: United States

☆ A Georgia basic income program is giving Black women $850 a month. They say it helps them pay bills and reduce debt.
▼ + stars: | 2024-04-01 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

An Atlanta area program is giving low-income Black women $850 a month for two years. AdvertisementA Georgia program providing low-income Black women with monthly payments hopes it will help them escape poverty. The Georgia Resilience and Opportunity Fund in Atlanta gives young Black women average payments of $850 a month through its In Her Hands program. AdvertisementBasic income programs for Black women face legal challengesThe In Her Hands program is not the first guaranteed income program targeting Black women. AdvertisementDespite reports of success, basic income programs across the country are often met with resistance from conservatives.

Persons: —, Martin Luther King, Harper, GPR, Hope Wollensack, San Francisco Mayor London Breed, David Chiu Organizations: Service, Georgia Resilience, Opportunity Fund, Atlanta's, Ward, GRO, Georgia Public Radio, Black, Research, San Francisco Mayor London, American Civil Rights, San, Area Locations: Atlanta, San Francisco, Georgia, Francisco

☆ F1's net-zero pledges are colliding with its ambitions to go truly global
▼ + stars: | 2024-04-01 | by ( Chris Hawes | ) www.cnbc.com time to read: +7 min

Oscar Piastri of McLaren during the Formula 1 Saudi Arabian Grand Prix at Jeddah Corniche Circuit in Jeddah, Saudi Arabia on March 9, 2024. But with the Japanese Grand Prix this coming weekend, F1's beleaguered boss Stefano Domenicali will finally be able to provide a rebuttal. F1's growing ambitions in the Middle East and the U.S. have at times transcended the sport. Las Vegas airports dealt with 400 private jets arriving for the Grand Prix, while Singapore saw a 63% increase in September flight arrivals compared to the previous year when its Grand Prix was pushed into October. Third placed Carlos Sainz of Spain and Ferrari celebrates on the podium during the F1 Grand Prix of Italy at Autodromo Nazionale Monza on September 03, 2023 in Monza, Italy.

Persons: Oscar Piastri, Stefano Domenicali, Alexander De Croo, Domenicali, Clive Mason, Stephane Bazire, Bazire, I've, Stefano, Colin Syn, We've, Francois Dumontier, Madeleine Orr, Paul Fowler, Carlos Sainz of, Dan Istitene Organizations: McLaren, Formula, Saudi, Jeddah Corniche, Nurphoto, Getty, United Arab, U.S, Belgian, Formula One, of Australia, Albert, Circuit, F1, Silverstone, CNBC, Las, Prix, Singapore, Singapore Grand Prix, Canadian, Italy's Emilia, Grand Prix, Williams, DHL, Ferrari, of, Autodromo Nazionale Monza Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Belgium, Monza, Italy, Monaco, United Arab Emirates, Europe, America, Las Vegas, Singapore, Japan, Miami, Grand, Canada, Australia, Carlos Sainz of Spain

☆ Texas federal court district rebuffs effort to curb ‘judge-shopping’ tactic
▼ + stars: | 2024-04-01 | by ( Tierney Sneed | ) edition.cnn.com time to read: +3 min

Judge-shopping is the practice of strategically filing cases in courthouses where the lawsuits are almost guaranteed to be heard by judges perceived to be sympathetic to the litigants. Texas has other US district courts with single-judge divisions, in addition to Amarillo, where challenges to the Biden administration agenda are frequently funneled through. The Judicial Conference announced after an early March meeting that it was seeking to curb the practice of judge-shopping with the new case assignment policy. The announcement prompted blowback from Republican senators, including Senate Minority Leader Mitch McConnell, who argued that any mandated policy would run afoul of a statute passed by Congress that gives each district court the discretion to design its case assignment protocols. When the Judicial Conference released the formal guidance days later, it indicated that the districtwide assignment policy was recommended, but optional.

Persons: David Godbey, Chuck Schumer, Matthew Kacsmaryk, Donald Trump, Joe Biden’s, Kacsmaryk, Biden, George W, Bush, Schumer, Godbey, ”, “, ” Schumer, Mitch McConnell Organizations: CNN, US, Court, Northern, Northern District of, New, New York Democrat, Amarillo Division, Judicial Conference, Law360, Judicial, Congress Locations: Texas, Northern District, Northern District of Texas, New York, Northern Texas, Amarillo, “

Skyscraper-sized billboards show assault troops in battle gear emerging from a ball of flames. Slick recruiting campaigns brimming with nationalist fervor have become ubiquitous in Kyiv, the capital, and other Ukrainian cities in recent months. They are perhaps the most visible sign of a push to replenish Ukrainian troops depleted by more than two years of a brutal war — an effort that experts and officials say is crucial for fending off relentless Russian attacks. But most of the campaigns are not the work of the country’s political and military leadership. They are the initiatives of troop-starved brigades that have taken matters into their own hands, shunning an official mobilization system that they say is dysfunctional, often drafting people who are unfit and unwilling to fight.

Persons: ”, Dmytro Koziatynskyi Organizations: Da Vinci Wolves Locations: Kyiv, Crimea

☆ Buy these five stocks with upside potential as April kicks off, Goldman Sachs says
▼ + stars: | 2024-03-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs analysts have named a slew of stocks that could see upside as April rolls in. CNBC Pro combed through Goldman Sachs' research to find the firm's favorite stocks as of late. They include United Parcel Service, Nasdaq, Arcos Dorados , Global Payments and Arista Networks. "Management discussed various initiatives on market penetration and productivity with their impact on revenue and margin growth into 2026," he said. … Management discussed various initiatives on market penetration and productivity with their impact on revenue and margin growth into 2026.

Persons: Goldman Sachs, Arcos Dorados, Thiago Bortoluci, it's, Bortoluci, Alexander Blostein, Blostein, Goldman, Jordan Alliger, Alliger, ANET, …, Arcos, Cameron Bready, Josh Whipple … Organizations: CNBC, United Parcel Service, Nasdaq, Arcos, Global Payments, Arista Networks, Management, UPS, … Management Locations: America, Brazil, Arcos, Atlanta

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

☆ Best Buy offers to screen LGBTQ nonprofit donations after conservative pressure, filing shows
▼ + stars: | 2024-03-29 | by ( Matt Lavietes | Brooke Sopelsa | ) www.cnbc.com time to read: +9 min

"Best Buy has partnerships with and contributes to organizations and activists that promote the practice of gender transition surgeries on minors and evangelize gender theory to minors. Why are Best Buy shareholders funding the proliferation of an ideology seeking to mutilate the reproductive organs of children before they finish puberty?" "This contentious and vast disagreement between radical gender theory activists and the general public has nothing to do with Best Buy selling electronics." "Were Best Buy to agree to such a compromise with us, we will not make a splash about it." In an email on Friday, GLAAD, one of the LGBTQ nonprofits mentioned in the SEC filing, expressed its displeasure with Best Buy.

Persons: hasn't, Carly Charlson, NCPPR, —, Ethan Peck, Peck, Marina Rizzo, Rizzo, we're, Bud Light, Bud Light's, influencer Dylan Mulvaney, Sarah Kate Ellis Organizations: Securities and Exchange Commission, SEC, National Center for Public Policy Research, Best, HRC, NCPPR's Free Enterprise Institute, SAGE, GLAAD, Rights, PRIDE, NBC, Anheuser, Busch Inbev Locations: States

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