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SpaceX's national security ties are deeper than previously known, a new Reuters report revealed. The astronautics company inked a $1.8 billion deal in 2021 with a US intelligence agency. Under the contract terms, SpaceX will build a network of spy satellites, the outlet reported. AdvertisementSpaceX's substantial ties to US national security are deeper than previously known, according to a new Reuters report. The astronautics company inked a $1.8 billion deal in 2021 with an American intelligence agency to create a network of spy satellites, the outlet reported, citing five sources familiar with the terms of the program.
Persons: Organizations: Reuters, astronautics, SpaceX, Service, National Reconnaissance Office, Business Locations: American
Rudy Giuliani may have to sell his Palm Beach condo to settle his bankruptcy debts. Creditors pointed out the $3.5 million property is not exempt in his Chapter 11 bankruptcy filing. Then there is his $3.5 million Florida condo, which is not exempt. However, Giuliani has not taken any steps to sell the Florida home, the filing says. Lawyers for Giuliani and creditors did not immediately respond to a request for comment from BI.
Persons: Rudy Giuliani, Giuliani, , Giuliani's, Politico's Kyle Cheney, he's, Georgia —, Ruby Freeman, Moss Organizations: Service, New, CNN, Florida and Locations: Beach , Florida, New York, Giuliani's New York, Florida, New York City, New York State, Florida and New York, Georgia
SCOTUS on Friday established new rules for the social media accounts of public officials. AdvertisementThe US Supreme Court on Friday handed down a decision establishing new rules for how public officials must behave on social media. Accounts clearly marked as personal, even if run by a state official, are granted more leniency and protection under the First Amendment. Advertisement"The distinction between private conduct and state action turns on substance, not labels: Private parties can act with the authority of the State, and state officials have private lives and their own constitutional rights," she continued. The issue of allowing public officials to block users on social media has been heard by the court before, when in 2017, Trump was challenged by the Knight Foundation over his choice to block critics on Twitter.
Persons: SCOTUS, , Amy Coney Barrett, Kevin Lindke, James Freed, Freed, Lindke, Lucy, Husband, Jessie, Barrett, Trump, Friday's, Gary Lawkowski Organizations: Service, State, Knight Foundation, Twitter, Dhillon Locations: Detroit, Port Huron , Michigan, Port Huron , MI
The transcript suggests critiques of his memory may be overblown and shows Biden's sense of humor. "I just hope you didn't find any risqué pictures of my wife in a bathing suit," The Washington Post reported the president told federal prosecutors. The Post reported he mimicked the sound of a car twice during the discussion, with the transcript reading "(Makes car sound)" and "(Laughter)." "Remember, in this timeframe, my son is — either been deployed or is dying," NBC reported Biden said. "No," the Post reported Biden said, explaining the significant effect Beau's 2015 death from a brain tumor had on him.
Persons: Joe Biden's, Robert Hur, Biden, , South Carolina Sen, Lindsey Graham, Hur, Beau Organizations: Service, Washington Post, Post, South Carolina, Business, Biden, NBC, Trump Justice Department, The New York Times
"There is a lot you can do in terms of entitlements in terms of cutting and in terms of also the theft and the bad management of entitlements, tremendous bad management of entitlements. He added: "I know that they're going to end up weakening Social Security because the country is weak," in an apparent suggestion that the Biden administration would make cuts to the program. AdvertisementTrump's campaign immediately jumped into damage control mode, sending out a press release shortly after his remarks, saying the former President's remarks focused on "protecting entitlements like Social Security and Medicare" and he "would get rid of waste and fraud." "I won't cut Social Security and I won't cut Medicare. … I will protect and strengthen Social Security, Medicare and make the wealthy begin to pay their fair share."
Persons: , Donald Trump, Joe Biden, Trump, CNBC's Joe Kernan, Biden, Trump's, I'm, Organizations: Service, CNBC, Social Security, Business, CNN, Trump Locations: New Hampshire
A new book sheds light on the lengths Trump's campaign went to find fraud in the 2020 election. Ken Block, a software engineer, revealed he was paid about $750,000 to help conduct the search. Despite the massive payday, Block told BI he disproved many of the fraud claims in minutes. AdvertisementA big business cropped up to help former President Donald Trump try to validate his false claims of voter fraud in the 2020 election, according to someone who was there to profit from it. This story is available exclusively to Business Insider subscribers.
Persons: Ken Block, , Donald Trump Organizations: Block, Service, Business Locations: Arizona , Georgia, Nevada , Michigan , Wisconsin, Pennsylvania
It also created mechanisms for average users to sue social media companies if they believed the companies were unfairly applying their content moderation rules based on political leanings. Picture an empty timeline or your social media feed filled only with posts from companies paying to advertise on the platform. If these laws are permitted to stand, that's what the social media landscape could look like, at least until the sites update their business practices. And it might not stop at social media companies, Hurtwitz noted, due to the broad language in the laws. Advertisement"And what is social media?
Persons: SCOTUS, , Donald Trump, Paxton, Ron DeSantis, Justin, Gus, Hurwitz, Hurtwitz, Uber, there's, Jared Carter, Carter, it's, John Roberts, — you've, Samuel Alito, Hurwiz Organizations: Service, Moody, Republican, GOP Gov, University of Pennsylvania's Center for Technology, Innovation, Competition, Lawyers, Ars Technica, Vermont Law, Graduate School, Cornell Law, CNN Locations: United States, South Carolina, Texas, Florida
Mark Zuckerberg has been outspoken about his criticisms of Apple's Vision Pro. In a Friday post on Threads, he trashed the VR headset once again. Zuck said if Meta's Quest is like the Vision Pro in five years, "we'll have regressed significantly." AdvertisementMark Zuckerberg just keeps dumping on Apple's Vision Pro. Friday's social media posts were just the latest in a series of snarky comments Zuckerberg has pointed toward Apple's Vision Pro.
Persons: Mark Zuckerberg, Zuck, , Benedict Evans, it's, Evans, Zuckerberg Organizations: Apple's, Service, Mosaic Ventures, VR, Vision, Meta, Apple, Business, Pro, preorder, Labs, Apple's Vision
Jason Palmer, the youngest Democratic challenger for president in the 2024 election, beat out incumbent Joe Biden in American Samoa's primary election on Super Tuesday — an unexpected win he credits AI with helping him achieve. While its residents aren't able to vote in the general election, American Samoa has turned out unexpected primary results before. Despite the odds, Palmer hopes his win there will create momentum for his campaign in states like Arizona, Kansas, and Missouri. But it's also because I'm the first technology entrepreneur who's ever run for president, and I'm not 80 years old, I'm actually in the prime of my entrepreneurial life." The Biden campaign did not immediately respond to a request for comment from BI regarding whether the incumbent president plans to use AI in his reelection bid.
Persons: Jason Palmer, Joe Biden, Palmer, Biden, Michael Bloomberg's, it's, who's, I'm Organizations: Democratic, Biden, Democrat, Business Locations: Maryland, American Samoa, Arizona , Kansas, Missouri, New Hampshire
CEO Sam Altman will be reinstated to OpenAI's board of directors. Bret Taylor, chair of OpenAI's board, said members "unanimously concluded" Altman is right to lead the company. The AI startup will also bring on three additional new board members, the company announced. AdvertisementOpenAI CEO Sam Altman is set to return to OpenAI's board of directors, the company announced Friday. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of the OpenAI board, said in a statement released Friday.
Persons: Sam Altman, Bret Taylor, Altman, , Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Sam, Greg, Toner, McCauly, Sutskever, Elon Musk, OpenAI, Melinda Gates, Sue Desmond, Hellman, Nicole Seligman, Fidji Simo Organizations: Service, OpenAI, Elon, Melinda Gates Foundation, Sony Entertainment, Business Locations: OpenAI, xAI
Read previewOpenAI publicly fired back at Elon Musk's lawsuit on Tuesday in a blog post that revealed new details about Musk's relationship with the company. Lawyers for Musk and representatives for OpenAI did not immediately respond to requests for comment from Business Insider. In his lawsuit filed Friday, Musk accused OpenAI and its leaders of abandoning their open-source principles by partnering with Microsoft. "Elon soon chose to leave OpenAI, saying that our probability of success was 0, and that he planned to build an AGI competitor within Tesla," the blog post reads. The Tuesday blog post, which says OpenAI intends to move to dismiss all of Musk's claims, ends with assurances that, despite Musk's accusations, OpenAI is "focused on advancing our mission" and has "a long way to go."
Persons: , we've, Musk, OpenAI, Sam Altman, Greg Brockman, Altman, Brockman, Elon, Reid Hoffman, Ilya Sutskever, Tesla, et Organizations: Service, Elon, Business, Musk, OpenAI, Microsoft, Google
Read previewDisney CEO Bob Iger is finally listening to the people's demands and focusing on quality films — but don't expect that to mean Marvel movies are going away. This story is available exclusively to Business Insider subscribers. "Quantity can be actually a negative when it comes to quality, and I think that's exactly what happened," Iger said during an earnings call in November. AdvertisementHowever, Iger also said that the company is scaling down on the MCU and releasing fewer movies. Representatives for Disney did not immediately respond to a request for comment sent by Business Insider.
Persons: , Bob Iger, Morgan Stanley, Iger, you've, he's, Nolan, Oppenheimer, it's Organizations: Service, Morgan, Morgan Stanley Technology, Media & Telecom Conference, Business, Disney, Marvel Locations: San Francisco
The latest national polls show President Joe Biden's lead over Donald Trump slipping away. Biden's approval rating is shrinking, and Trump now leads in several polls of likely voters. AdvertisementSuper Tuesday is over — and with it any real prospect that anyone bar President Joe Biden and Donald Trump will take their party's nominations. AdvertisementFour major national polls released this week show former President Donald Trump ahead of Biden, with Trump's lead ranging from two to five points among registered voters. While the race is tight and the road to November is long, Trump appears to have the upper hand for now.
Persons: Joe Biden's, Donald Trump, Trump, , Joe Biden, Nikki Hayley, Biden, Schoen Cooperman, YouGov, — Biden, Michael Tyler Organizations: Service, Democratic, Schoen Cooperman Research, weekend's New York Times, Siena College, Fox News, CBS, Trump, Biden, Politico Locations: weekend's, Quinnipiac
Read previewThe Supreme Court ruled unanimously on Monday that Donald Trump is eligible to run for president again, quashing legal challenges that loomed over the GOP frontrunner's candidacy for office. Instead, the court effectively foreclosed almost any challenge to a federal office holder under Section 3 of the 14th Amendment, the insurrection clause. "Today, the majority goes beyond the necessities of this case to limit how Section 3 can bar an oathbreaking insurrectionist from becoming President," the justices wrote. The Supreme Court had never before issued a ruling on the post-Civil War era provision known as the "insurrectionist clause." The Supreme Court is set to hear separate arguments in April over whether Trump can be criminally prosecuted for election interference charges, including those stemming from his role during the January 6 attack on the Capitol.
Persons: , Donald Trump, SCOTUS, Trump, Steve Vladeck, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, John Robert's, Roe, Wade, Amy Coney Barrett, Barrett, overturns Organizations: Service, GOP, Trump, Business, Lawmakers, Congress, University of Texas, Austin, Colorado, Colorado's, Capitol, Department of Justice Locations: Colorado , Illinois, Maine, California , New York, Wisconsin, Colorado
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. However, the laborers behind the surging industry face conditions similar to those in the country's factories, facing low wages, long hours, and risky, repetitive work, according to numerous reports. Lu, a 19-year-old Meituan delivery driver in Guangzhou, told Nikkei Asia he earned just 7 yuan per delivery, less than a dollar. In the US, delivery drivers average $17.10 per hour, according to the Bureau of Labor Statistics. They "know it is impossible to deliver in the time expected by the platform," Tiziano Bonini from the University of Siena, who has been studying gig work in China, told the outlet.
Persons: , Lu, Meituan, Didi Chuxing, SCMP Organizations: Service, Nikkei Asia, Business, Economic Research, Wired, Bureau of Labor Statistics, China Morning, Ministry of Human Resources, Social Security, University of Siena Locations: China, Guangzhou, Guanzhou, Shanghai
Commercial fishermen found an unusual object off Alaska's coast and are bringing it to the FBI, per CNN. Photos of the object show similarities with past surveillance balloons, the outlet reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA group of commercial fishermen are en route to deliver an object discovered off the coast of Alaska to the FBI, CNN reported. Before the balloon was identified, CBS noted, some military officials suspected it could be a surveillance device.
Persons: Organizations: FBI, CNN, Service, of Defense, CBS, America Locations: Alaska, Quantico, United States, Myrtle Beach , South Carolina, Chinese, Hawaii
Dairy Queen workers claim a manager forced them to eat ice cream contaminated by cleaning products. The mother of a teen involved in the incident told local news many targeted workers were minors. Police are investigating after employees at a Dairy Queen in Kentucky say they were forced to eat ice cream contaminated with cleaning solution, local outlet WKYT reported. Several of them, she said, experienced burning sensations while eating the ice cream and sought medical treatment, though Business Insider could not verify her claims. However, he said Wolfe County officials are in contact with the county attorney to determine the next steps.
Persons: Angela Patton, Patton, WKYT, Elijah Banks, Wolfe, Ariana Grande Organizations: Police, Dairy, Office, Business Insider Locations: Kentucky, Campton , KY, Wolfe, New York, Japan
Read previewPresident Joe Biden on Monday made his latest late-night TV appearance, surprising audiences during the 10th-anniversary episode of "Late Night with Seth Meyers." Biden then walked out from the curtains to cheers from the audience and a warm greeting from Meyers and Poehler. pic.twitter.com/VDDbThA0Ae — Late Night with Seth Meyers (@LateNightSeth) February 26, 2024"Welcome back, Mr. President," Meyers said. In the political sitcom, Poehler's character, Leslie Knope, eventually meets then-Vice President Biden after years of proclaiming her love for him. During his appearance with Meyers, Biden, 81, addressed the elephant in the room — criticism about his age.
Persons: , Joe Biden, Monday, Seth Meyers, Biden, who's, Jimmy Kimmel, Amy Poehler, Meyers, Poehler, @SethMeyers, @POTUS, haven't, Leslie Knope, Knope, George Clooney, Ben Wyatt, Adam Scott, Wyatt, Biden —, Biden's, Barack Obama, Jay Leno, Donald Trump, Trump, Wade, Katie Rogers, Lady Jill Biden, Hillary Clinton, Jill Biden, Rogers Organizations: Service, Business, Recreation, Roe, The New York Times White Locations: @LateNightSeth
Bushnell died of his injuries, per NBC News and an independent reporter who covered the story. AdvertisementIn the video, security and police were seen responding to Bushnell as he was engulfed in flames and screamed "Free Palestine." The US Air Force confirmed that the man was a genuine serviceman, per the military news site Task and Purpose. Bushnell died late Sunday, per reporting by Jane. The Department of Defense referred Business Insider to the Air Force when reached with a request for comment.
Persons: Aaron Bushnell, Bushnell, , Talia Jane, Jane ., Bushnell's Organizations: NBC, Service, Sunday, US Air Force, United, NBC News, The Department, Defense, Air Force Locations: DC, Washington , DC, Gaza, Israel, United Nations
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett on Saturday released his annual letter to Berkshire Hathaway shareholders, offering subtle investment advice to readers who may be looking to grow their wealth the way the centibillionaire has. When you find a truly wonderful business, stick with it," Buffett writes. "Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable." Advertisement"One investment rule at Berkshire has not and will not change: Never risk permanent loss of capital.
Persons: , Warren Buffett, Buffett, lauding, Bertie, Berkshire Hathaway, Coke, Patience Organizations: Service, Berkshire Hathaway, Business, Street Journal, Express, Berkshire, American Express Locations: Berkshire
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Representatives for Walmart and Amazon did not respond to requests for comment from Business Insider. Walmart currently sells ad space to suppliers on its internal site and app and conducts ad campaigns through promoted posts on external social media sites. Advertisement"Walmart's consumer reach could propel Vizio's ad business to eventually rival Samsung and Roku. In Q4, which included the holiday shopping season for both companies, Walmart reported $173.4 billion in revenue, compared to Amazon's reported $169.96 billion.
Persons: , Forbes, David Zapletal, Kenneth Suh, AdWeek, Ross Benes, Doug Herrington, Fortune, Seth Dallaire Organizations: Service, Amazon, Business, Walmart, Hulu, Walmart Connect, Samsung, CTV, Insider Intelligence, Amazon's
A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.
Persons: Elon Musk, Forbes, , Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong
JPMorgan CEO Jamie Dimon sold off $150 million of shares on Thursday. It's the first time in Dimon's 18 years leading the company that he's sold any shares. AdvertisementThe CEO of JPMorgan Chase on Thursday sold $150 million worth of shares in the banking giant, his first-ever sale since taking over the company 18 years ago. According to a filing with the US Securities and Exchange Commission, Jamie Dimon offloaded about 822,000 shares in the sale. He still holds about 7.7 million shares in the company, Bloomberg reported.
Persons: Jamie Dimon, It's, he's, Dimon, , JPMorgan Chase Organizations: Service, JPMorgan, US Securities and Exchange Commission, Bloomberg, Business Locations: Dimon's
Smirnov said Russian intelligence passed along the story of the bribery claims, per a court filing. The memo also indicates that Smirnov met with Russian intelligence officials as recently as December of 2023. What this shows is that the misinformation he is spreading is not confined to 2020," the prosecutor's memo in favor of detention reads. "He is actively peddling new lies that could impact US elections after meeting with Russian intelligence officials in November. Impact of Smirnov's indictmentSmirnov's indictment and arrest may have an impact on unrelated gun charges facing Hunter Biden.
Persons: Biden, Alexander Smirnov, Smirnov, , Joe Biden, Hunter Biden, Obama, General, Harry Reid, David Weiss, Smirnov's, Weiss Organizations: Burisma Holdings, Service, ex, FBI, GOP, White, Business, Ukrainian, Biden, Burisma, Public, Harry, Harry Reid International, Government, Central District of, CNN, Lawyers Locations: Ukrainian, Las Vegas, Central District, Central District of California, United States
Cryptic intelligence reports this week of Russia building an unspecified nuclear space weapon stoked fear among Americans who worried escalating nuclear threats could mean global catastrophe is near. Experts on space security and the risks posed by nuclear weapons told Business Insider that rumors of Russia creating such a weapon are likely true but that it's not time to panic just yet. NPR reported the White House confirmed that Russia is working on a weapon that could threaten satellites in space but that nothing has been deployed. However, Russia has been developing anti-satellite weapons for years, John Erath, senior policy director at the Center for Arms Control and Non-Proliferation, told BI. But that's where this gets a little bit complicated because a nuclear weapon isn't really that."
Persons: US —, John Erath, They've, they've, Erath, Victoria Samson, Samson Organizations: Service, Business, CNN, NPR, White House, Soviet Union, US, Center for Arms Control, Prime, Station, Hubble, SpaceX, GPS, Starfish, Secure, Foundation Locations: Russia, Soviet, United States, Iraq
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