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During the third quarter, U.S. dealmaking contributed to a larger-than-usual share of global activity and offset a decline in volumes in Europe and Asia Pacific, accounting for about half of global volumes. Deal volumes in Europe and Asia Pacific fell 31% and 9%, respectively. To date, private equity deal volumes have slumped 48% to $313.73 billion, compared to the same period last year. Deal activity driven by activist shareholders was muted as several big-name activists reached settlements with corporate boardrooms. Dealmaking in technology, which typically accounts for the largest share of deal volumes, has fallen 51% so far this year.
Persons: Brendan McDermid, dealmaking, We're, Melissa Sawyer, Sullivan, Cromwell, dealmakers, headwinds, Tony Kim, Roark Capital's, , Andre Kelleners, Goldman Sachs, Naveen Nataraj, Kappa, WestRock, it’s, Rob Kindler, Weiss, Garrison, it'll, Anton Sahazizian, Anirban Sen, Timothy Gardner Organizations: REUTERS, Cromwell LLP, Asia Pacific, Investment, U.S . Steel, Centerview Partners, U.S . Investment, Evercore Inc, Cisco, Splunk Inc, Fidelity National Information Services, Reuters, Paul, Moelis, Thomson Locations: New York City, U.S, United States, Europe, Asia, Cleveland, Rifkind, Wharton, New York, London
Editor’s note: If you or someone you know is struggling with mental health, help is available. CNN —Megan Thee Stallion wants you to ask your friends how they are doing — for real. The rapper is part of a new public service announcement with Seize the Awkward, a national campaign encouraging young people to talk to their friends about mental health. “I’ve always been told I’ve gotta be strong,” Megan Thee Stallion, whose offstage name is Megan Pete, said in a video for the campaign. “The truth is that people have wildly different experiences depending on their identities, and types of sociopolitical oppression they go through.”That Megan Thee Stallion is speaking about mental health publicly “is forcing the conversation to go mainstream,” he added.
Persons: Megan Thee, “ I’ve, I’ve, Megan Pete, , Dr, Broderick Sawyer, Sawyer, ” Sawyer, Robert Gebbia, , John MacPhee, they’re, ” Pete Organizations: CNN, American Foundation for Suicide Prevention, Jed, US Centers for Disease Control Locations: Louisville , Kentucky
3 Texas got a dominant game from its defense to overpower Baylor in a 38-6 win Saturday night to launch the Longhorns into their final Big 12 season. Texas will join the Southeastern Conference next year and will be finishing out the Big 12 with several last matchups with old rivals. Baylor: The Bears are two seasons away from winning a Big 12 championship and this one is unraveling fast. The Jayhawks beat the Longhorns in double overtime in Austin in 2021 to break a 58-game road losing streak in the Big 12. Baylor plays at new Big 12 opponent Central Florida on Saturday.
Persons: — Jonathon Brooks, Quinn Ewers, Sawyer Robertson, lustily, , Brooks, Ewers, Robertson, Jalon Daniels, Oklahoma's Dillon Gabriel, Blake Shapen Organizations: Baylor, Southeastern Conference, Longhorns, Bears, Longhorn, Texas, NEXT Texas, Kansas, Jayhawks, Central Florida, AP Locations: WACO , Texas, Texas, Brooks, Alabama, Kansas, Austin
U.S. revives Cold War submarine spy program to counter China
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +21 min
The original network of fixed spy cables, which lie in secret locations on the ocean floor, was designed to spy on Soviet submarines seven decades ago, the three people said. China, meanwhile, is working on its own maritime spy program, known as the Great Underwater Wall, two U.S. Navy sources told Reuters. Sense of urgencyAmerica’s underwater espionage program was launched in the 1950s with a submarine detection system known as the Sound Surveillance System. The U.S. Navy’s Undersea Surveillance System The United States is expanding and upgrading its anti-submarine surveillance capabilities as tensions rise with China. Japan also operates a fleet of three ocean surveillance ships, fitted with U.S. SURTASS cables, the two U.S. Navy sources said.
Persons: Captain Stephany Moore, Richard Seif, Moore, Seif, , Tim Hawkins, Mariana Trench, Brent Sadler, We're, Sadler, ” Jon Nelson, Phillip Sawyer, Sawyer, United States –, SOSUS, SubCom, Stephen Askins, Lockheed Martin, Chuck Fralick, Leidos, ” Fralick, Hawkins, Richard Jenkins, Saildrone, Joe Brock, Mohammad Kawoosa, Simon Scarr, Edgar Su, Catherine Tai Design, Eve Watling, Marla Dickerson Organizations: U.S . Navy, Navy, Undersea Surveillance Command, Undersea Surveillance, United, Submarine Force U.S . Pacific Fleet, Reuters, U.S . 5th Fleet, U.S, Pacific, China Academy of Sciences, China’s Ministry of Defense, Foreign, China Naval, U.S . Naval Forces Korea, The Heritage Foundation, Department of Defense, Naval Air Station Whidbey, Processing, Undersea, Undersea Warfare, Naval Postgraduate School, Taiwan, Ships, Titan, Navy’s, CS, U.S . Department of Defense, Lockheed, U.S . State Department, An Australian Defense, Self, Defense Force, Leidos Locations: Seattle, U.S, Whidbey, China, Taiwan, Beijing, United States, Australia, Pacific, South China, Mariana, Yap, Federated States, Micronesia, Guam, Russian, Ukraine, Washington . U.S, Washington, Soviet Union, Washington State, Virginia Beach , Virginia, Monterey , California, Japan, India, States, London, Taiwan Strait, Virginia, San Francisco
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Persons: Dow Jones
Along the southeastern edge of Oklahoma, where expansive cattle ranches and empty storefronts dot the landscape, the lack of high-speed internet service has become a daily frustration for residents. She cannot schedule medical appointments, request prescription refills or pay her bills online until she gets to work. “I’m hoping it will change,” Ms. Finley, 60, said sitting in her home on a recent afternoon. If President Biden gets his way, Ms. Finley and her neighbors will benefit from a $42.5 billion program to expand fast internet access across the country. The funding, which was included in the 2021 infrastructure law, is part of an initiative that has high ambitions: to provide “affordable, reliable high-speed internet” access for every home and business by 2030.
Persons: Wanda Finley, Okla, “ I’m, Ms, Finley, Biden Locations: Oklahoma, Sawyer
CNN —A bear that prompted partial closures at Walt Disney World’s Magic Kingdom on Monday was captured without incident and is being relocated, according to a news release from Florida Fish & Wildlife Conservation Commission. Nearly a dozen attractions were closed on Monday at the time authorities were trying to locate the bear at Magic Kingdom, according to the My Disney Experience app. WESHIt was not clear if the closures, or how many, were related to the bear sighting. CNN has reached out to Disney for more details about specific closures but has not heard back yet. There are three other major parks at the resort: EPCOT, Hollywood Studios and Animal Kingdom.
Persons: ” FWC, FWC, Sawyer, Craig Williams, Disney, , Shawn Nottingham, Carlos Suarez, Melissa Alonso, Kate Conerly Organizations: CNN, Walt Disney World’s, Florida Fish & Wildlife Conservation Commission, Ocala National Forest, Disney, Walt Disney World Railroad, Liberty Square, Hall, Presidents, Haunted, Liberty, WESH, Hollywood Studios, Animal Locations: Ocala, Magic, Caribbean, Frontierland, EPCOT, Animal Kingdom
For billionaires and their celebrity friends, warm weather means it's yacht season. Four years later, Bezos is no longer Amazon's CEO, and he's spent the last few months earning a new title: king of the high seas. As 2023's yacht season comes to a close, it's clear that Bezos' brand new $500 million superyacht won the summer. AdvertisementAdvertisementYacht season's runner-up: billionaire Barry Diller's EosThe Eos, owned by Barry Diller and Diane von Furstenberg, is a yacht-season staple. The Eos docked in Venice to end its summer season, where von Furstenberg hosted the annual DVF Awards — and began furnishing one of her dry-land residences.
Persons: Jeff Bezos, David Geffen's, Goldman Sachs, Lloyd Blankfein, he's, superyacht, David Zaslav, Bezos, Koru, Lauren Sanchez —, , that's, Sanchez, Bill Gates, Whitney Wolfe Herd, Ari Emanuel, Leonardo DiCaprio, Orlando Bloom, Katy Perry, Usher, Barry Diller's Eos, Barry Diller, Diane von Furstenberg, Horacio Villalobos, Eos, Diller, von Furstenberg, Oprah Winfrey, Gayle King, Edward Enninful, Valentino, Valentino Giancarlo Giammetti, Kris Jenner, Candice Bergen, Emma Thompson, Jason Blum, Diane Sawyer, Bryan Lourd, Giorgio Armani's, Sydney Sweeney, Kerry Washington, Geffen, it's Organizations: Service, Warner Bros, Discovery, Hollywood, Bezos, British Vogue, Creative Artists Agency, Geffen Locations: Wall, Silicon, Gibraltar, Spain, Cannes, Positano, Dubrovnik, Croatia, Mallorca, Greece, Amalfi, Venice, Venice's, Capri, Portland , Maine
Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country's rapidly growing digital asset market. The development makes Zodia the first entity that is owned by and partnered with banks to provide digital asset custody services for financial institutions in Singapore, Zodia said in a news release. Zodia is also part-owned by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI. "Singapore is a market that has been no stranger to the crypto world for a long time," Sawyer said. Standard Chartered has a "fantastic brand" in Singapore, Sawyer said, adding that the backing of such a large institution has helped boost its conversations with major financial firms.
Persons: Zodia, StanChart, Julian Sawyer, Sawyer, blockchain, Crypto, Zodia's, Coinbase Organizations: Standard Chartered, Northern Trust, SBI Digital Asset Holdings, SBI, CNBC, Starling, Chartered, Arrows, United, United Arab Emirates Locations: Singapore, British, Asia, Africa, Japan, Pacific, Abu Dhabi, United Arab, India
Elon Musk called a Tesla McDonald's promotion "fake news." Musk replied to a post about Cybertruck-inspired spoons, saying, "Fake news afaik." An X user later pointed out the information came from Tesla's verified Weibo page. This led Merritt to point out the information came from Tesla's verified Weibo page. On an earnings call in April, Musk said he hoped to hand over the first customer trucks by late September.
Persons: Elon Musk, Musk, Elon, Sawyer Merritt, Merritt, Tesla, merch Organizations: Service, McDonald's, Tesla Locations: Wall, Silicon, China
Warmer temperatures under climate change are expected to further drive the expansion of invasive species. Invasive species are plants or animals, often moved around by human activity, that take hold in an environment with deleterious effects. ERADICATING INVADERSAbout three-quarters of the negative impacts from invasive species occur on land, especially in forests, woodlands, and farmed areas. Getting rid of invasive species once they are established, however, is difficult. Last December, the world's governments committed in the Kunming-Montreal Global Biodiversity Framework to reducing the introduction and establishment of priority invasive species by at least 50 percent by 2030.
Persons: Graeme Sawyer, David Gray, Helen Roy, Anibal Pauchard, Roy, Gloria Dickie, Angus MacSwan Organizations: Northern Territory, billabong, REUTERS, United Nations Intergovernmental, Services, Chile's Institute of Ecology, Thomson Locations: Darwin, Hawaii, Africa, West Nile, New Zealand, Kunming, Montreal, London
Tesla gave its Model 3 a major makeover – the first in six years. But the company cut the price of its Full Self-Driving feature in the US by $3,000. AdvertisementAdvertisementTesla has released a sleeker version of its Model 3 sedan in the first major revamp of one of its cars. It's the first time Tesla has updated a model for the Chinese market ahead of the US, Reuters reported. In the US, the price of the Full Self-Driving system was reduced by $3,000 to $12,000 hours after Tesla unveiled the updated Model 3.
Persons: Tesla, Gray, MK89sGnC9A — Sawyer Merritt Organizations: Morning, Reuters, Elon, Analysts, EV, Bloomberg Intelligence Locations: China, Shanghai, Asia
For Ms. Wood of Boulder, Colo., that meant less time carting Sawyer in the car. In early August, Sawyer crashed while riding her e-bike without a helmet. “These kids don’t have driver’s licenses,” Ms. Wood said. They go really fast.”After news of Sawyer’s accident spread around town, Scott Weiss, a Boulder resident and parent of two teenagers, decided to sell the family’s two e-bikes. He said he would sell the e-bikes only to someone “college-age” or older: “I don’t want to sell it to someone who is not prepared to make the mental judgments you have to make.”
Persons: Wood, carting Sawyer, Sawyer, Ms, Scott Weiss, Locations: Boulder, Colo
In 2021, Kalanick raised $850 million at a $15 billion valuation from backers including Microsoft. One, a physical ghost kitchen arm called CloudKitchens in the US, transforms mainly warehouses into private kitchen spaces that big companies and mom-and-pops alike can rent. 2021 fundraiseTravis Kalanick Theo Wargo/WireImageIn late 2021, CloudKitchens' parent company raised $850 million at a $15 billion valuation, Insider exclusively reported. Some entry-level sales employees have struggled at Otter, Insider reported. CloudKitchens US locationsA 2021 Insider analysis showed how CloudKitchens (and competitor Reef) snapped up properties across the US.
Persons: Travis, Kalanick, Travis Kalanick, Uber, , fundraise Travis Kalanick Theo Wargo, CloudKitchens, John Curran, they're, Sawyer, Meghan Morris Organizations: Microsoft, Morning, Storage Systems, CSS, Investors, Uber, Financial, City Storage Systems, Wall Street, Amazon, CIA, Otter Locations: Los Angeles, Saudi, Miami
A couple moved from the UK to Portugal to live on an abandoned farm they bought for $103,000. The couple moved from the UK to Portugal to restore and live on an abandoned farm. The couple fell in love with the second property they viewed — an abandoned farm set on three acres of land. The couple — who were living and traveling around in a van at that time — bought the farm for 95,000 euros, or about $103,000. The Newbys have been documenting every step of their Portuguese farm renovation on their YouTube channel.
Persons: Tara Newby, They've, Tara, , Sawyer, John, we've, Portugal's, John said, who've, they've, you'll, We've Organizations: Service, YouTube, Google Locations: Portugal, Wall, Silicon, Lisbon, England, Bristol, Zimbabwe, Tanzania, Antarctica, Europe
The coastal grandmother aesthetic started as a TikTok trend, and has been all the rage since last summer. It's inspired in large part by Diane Keaton's character in the Nancy Meyers movie "Something's Gotta Give." Diane Keaton in the Nancy Meyers movie "Something's Gotta Give." Warner Bros. Pictures/Columbia PicturesThe coastal grandmother trend is defined by light-filled, bright interiors; neutral colors; beaches; and florals. Fans of Nancy Meyers movies including "The Holiday" and "It's Complicated," which are often praised for the aspirational homes they depict, may be particularly drawn to the property.
Persons: It's, Diane Keaton's, Nancy Meyers, Diane Keaton Organizations: Warner Bros . Pictures, Columbia
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Persons: Dow Jones, diane, sawyer
Elon Musk is rebranding Twitter to X, but not everyone's pleased about it. The billionaire ditched the bird logo design and replaced it with a large art-deco style "X." The billionaire announced on Saturday he was ditching Twitter's bird logo and replacing it with a large "X." "I will start bawling If that logo turns emo and has an X on It," one user said, who shared a photo of Twitter's bird logo. Musk has previously spoken about his vision for X to be an all-encompassing "everything app" similar to the popular Chinese app WeChat.
Persons: Elon, Musk, Sawyer Merritt Organizations: Twitter
Twitter has started its rebrand to the "X" app that owner Elon Musk has long talked about building. Twitter's iconic blue bird logo is out as it rebrands to the "X" app, and it turns out "tweets" are out too. Twitter owner Elon Musk said posts on the platform should take on a new name — "x's" — consistent with the transition to "X." "x's," Musk replied. Twitter ushered in its new image pretty quietly, projecting the new X logo onto its San Francisco headquarters in the middle of the night.
Persons: Elon Musk, Musk, witter, ike, ake Organizations: Twitter, EO, ust, eads Locations: usk
Elon Musk vowed to scrap a Twitter policy that barred an account dedicated to a dog from going pro. The change comes just days after Twitter introduced a new program to share revenue with users. Musk tweeted "consider this silly policy deleted as of now," Deadline first reported. Elon Musk says he will delete a Twitter policy preventing accounts featuring "animals or fictional characters" from being turned professional and monetized. The account tweeted, "Bag status: canceled" after noting it was unable to monetize its tweets.
Persons: Elon Musk, Musk, influencers, Andrew Tate, Sawyer Merritt, Mark Zuckerberg Organizations: Twitter, Morning
"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.
Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania
In some cases, Twitter has told them to expect tens of thousands of dollars. Billy Markus, the creator of Dogecoin who has 2.1 million followers, tweeted on Thursday that he was getting $37,050. Several accounts connected to Musk were told they'd also be getting payments. Sawyer Merritt, a Tesla investor who posts regular commentary about Musk's businesses, tweeted that Twitter would pay him $6,465. "It makes a lot of cents to create here!," Twitter CEO Linda Yaccarino tweeted on Thursday after the program was announced.
Persons: they're, Andrew Tate, Elon Musk's, Billy Markus, Dogecoin, Brian, Ed Krassenstein, Ed, Ashley St, Claire, she'd, Ian Miles Cheong, Benny Johnson, he'd, Rogan O'Handley, Wokeness, Twitter, Musk, Zuby, they'd, Jonas Lismont, Sawyer Merritt, podcaster Jason Calacanis, Linda Yaccarino Organizations: Morning, Twitter, Meta Locations: Romania
Industry Ventures is one of the largest players in the VC secondary market, where shares of startups are bought and sold. Industry Ventures, a pioneer in the venture capital secondary market where shares of startups are bought and sold, has raised $1.4 billion for its latest flagship secondary fund, according to an SEC filing. The last time the industry saw a fund of this size was when StepStone Group closed its $2.3 billion secondary fund in 2021. "Everyone is gonna have to have a secondary strategy," said Ken Sawyer, co-founder of Saints Capital, another major player in the VC secondary market. This latest fundraise by Industry, which is backed by Goldman Sachs Asset Management among others, could be a sign of increased interest in the VC secondary market.
Persons: Industry Venture's, Ken Sawyer, Sawyer Organizations: Industry Ventures, Industry, SEC, StepStone Group, titans, Insight Partners, Tiger Global, Saints Capital, Goldman Sachs, Management
Clockwise from top left: pork in the pit at Valentina’s; Pitforks and Smokerings, in Slaton, Texas; a tray of barbecue at Pitforks and Smokerings; the chalkboard menu at Pitforks and Smokerings; a platter of smoked meat at Charlie’s, in Beaumont; Evan LeRoy and Sawyer Lewis, co-owners of LeRoy and Lewis, in Austin. Credit... Jessica Attie for The New York Times, JerSean Golatt for The New York Times, JerSean Golatt for The New York Times, JerSean Golatt for The New York Times, Jessica Attie for The New York Times, Sarah Karlan for The New York Times.
Persons: Evan LeRoy, Sawyer Lewis, Lewis, Jessica Attie, JerSean Golatt, Sarah Karlan Organizations: Austin . Credit, The New York Times Locations: Slaton , Texas, Pitforks, Beaumont, LeRoy, Austin .
"People pull their kids from school for way stupider reasons than to go to a Taylor Swift concert," Vladek says to CNBC Make It. "That's the part Taylor Swift has done so brilliantly," she says. Taylor Swift doesn't." "When I was pregnant, I would hold my phone to my belly and play Taylor Swift," she says. "Honestly, I'd be crushed [if my daughter didn't like Taylor Swift].
Persons: Karen Vladek didn't, Taylor Swift, Taylor, Vladek, Maddie …, Swift, Tim McGraw, Michael Jackson, isn't, Kate Kurtin, Kurtin, Katy Perry, Russell Brand, Katy Perry's, , Sally A, Theran, Jake Gyllenhaal, Jessica Sawyer, Sawyer, Jessica Dinney, Swift's, Dinney, wouldn't, didn't, Harry Potter, I've Organizations: CNBC, California State University , Los, Wellesley College, Disney, Twitter Locations: Houston, Austin , Texas, California State University , Los Angeles, New York City, Philadelphia, Jacksonville , Florida, Tampa , Florida, Tampa
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