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☆ Biden pledges $500 million to fight Amazon deforestation, but Congress must approve
▼ + stars: | 2023-04-20 | by ( Emma Newburger | ) www.cnbc.com time to read: +3 min

President Joe Biden announced plans to boost U.S. funding to slash deforestation in Brazil's Amazon rainforest and to help developing countries combat climate change during a meeting with world leaders on Thursday. The president, during a virtual meeting with the Major Economies Forum on Energy and Climate, committed $500 million over five years to reduce deforestation in Brazil. Biden also pledged $1 billion to the Green Climate Fund, a United Nations-led program aimed to help developing countries become more resilient to climate change and transition to clean energy sources. The funding comes after the president in 2021 pledged to work with Congress to quadruple U.S. climate support for developing countries to $11.4 billion each year by 2024. The president's request for additional climate funding will likely face strong opposition from the Republican-controlled House.

☆ LinusBio is using strands of hair to revolutionize the autism-detection process. Check out the slideshow it used to raise $16 million from GreatPoint and Bow Capital.
▼ + stars: | 2023-04-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Healthcare startup LinusBio just raised a $16 million Series A funding round. The startup uses precision sequencing to detect autism and other complex diseases at birth. Disease detection and treatment startup LinusBio just raised a $16 million Series A funding round led by GreatPoint Ventures and Bow Capital. The startup diverges from startups like Elemy and Akili Technologies, which focus on treatment and support for people already diagnosed with autism. Check out the 16-page pitch deck LinusBio used to raise $16 million from VCs.

☆ Independent Group Stakes Out Position as Arbiter of Carbon-Offset Quality
▼ + stars: | 2023-03-30 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Each carbon credit is supposed to equal one metric ton of carbon dioxide avoided or removed from the atmosphere. Credits that meet the ICVCM’s standards would receive a so-called Core Carbon Principles badge. Still, it remains to be seen how carbon crediting organizations adopt the ICVCM’s standards. PREVIEWThe ICVCM’s effort comes during a time when many companies are hesitant to buy voluntary carbon credits or have pulled back. Less than a quarter of 137 global companies surveyed in the fourth quarter of 2022 plan to use carbon credits, according to the World Economic Forum.

☆ Top Delhi minister arrested in India liquor probe
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Feb 27 (Reuters) - India's federal investigating agency arrested a top local minister in the capital territory of New Delhi late on Sunday in connection with alleged irregularities in a liquor policy, the most high-profile arrest in the case so far. Manish Sisodia, the deputy chief minister in the Delhi government was arrested by India's federal crime agency, the CBI (Central Bureau of Investigation) late Sunday night and will be produced in a local court on Monday. Sisodia was arrested in an ongoing investigation in "a case related to alleged irregularities in framing & implementation of the excise policy", the CBI said in a release. His arrest is dirty politics," Arvind Kejriwal, Delhi's chief minister and head of the Aam Aadmi Party said in a tweet hours after Sisodia's arrest. India's financial crime-fighting agency, the Enforcement Directorate is separately investigating French liquor major Pernod Ricard for allegedly violating the same liquor policy.

☆ How entrepreneurs can use livestream shopping to make thousands of dollars
▼ + stars: | 2023-02-22 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +16 min

Live shopping in the US is expected to become a $25 billion market in 2023. Livestream shopping has been popular in China for over a decade, where the industry was estimated to be worth $305 billion in 2021, up from $63 billion in 2019, according to Coresight Research. Virgile Ollivier, a cofounder and the CEO of Livescale, told Insider livestream shopping would soon become just as important for brands as social-media marketing. Livestream-shopping platforms pick up where Instagram falls shortApps focused solely on livestream shopping show a disconnect on traditional social-media platforms. Most sellers livestream at least once a week, at the same time so their followers always know when to expect a show.

☆ FDA advisors recommend over-the-counter use of life-saving opioid overdose treatment Narcan
▼ + stars: | 2023-02-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Narcan nasal spray quickly reverses an overdose from heroin and prescription painkillers. The Food and Drug Administration's independent advisors on Wednesday unanimously recommended over-the-counter use of the nasal spray Narcan to reverse opioid overdoses, which would significantly expand access to the life-saving treatment. Emergent BioSolutions ' Narcan is the most commonly sold treatment for opioid overdoses. Emergent BioSolutions said Narcan would be available for the over-the-counter market by late summer if the FDA approves it next month. Opioid overdose deaths spiked 17% during the pandemic from about 69,000 in 2020 to nearly 81,000 in 2021.

☆ U.S. jobs report was not as strong as it seemed and recession is likely, CIO says
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. jobs report was not as strong as it seemed and recession is likely, CIO saysCrossbridge Capital Group's Chief Investment Officer Manish Singh digs into the detail of U.S. jobs and economic data, his view on Fed rate cutting and why he sees a U.S. recession ahead.

☆ Gautam Adani lost half his wealth in a flash. Here’s what happened
▼ + stars: | 2023-02-04 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

While the Adani Group has condemned the report as “baseless” and “malicious,” investor questions about its claims linger, and the fallout is growing. Gautam Adani is a 60-year-old tycoon who founded the Adani Group more than 30 years ago. The firm said it had taken a short position in Adani Group companies, meaning it would benefit from a drop in their value. Stocks of most Adani Group companies slumped again on Friday. Indian banks that hold Adani Group assets could also be affected if the value of those holdings continues to drop.

☆ India's Gen Z grapples with Modi's dark past in clashes over new documentary
▼ + stars: | 2023-01-28 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +8 min

Modi denies being complicit in the attacks, and India’s Supreme Court upheld a ruling last year that he should be cleared of all charges. The first part of the documentary is about Modi’s political career before he became prime minister. The second half of the BBC documentary, which aired in Britain this week, focuses on his leadership since then. Critics say Modi has promoted discrimination against India’s Muslim minority and quashed dissent, especially since his re-election in 2019. Students at Jamia Millia Islamia defied university warnings not to screen the BBC film.

☆ Indian police are looking into the death of a Russian sausage magnate critical of Putin's war in Ukraine, who died after an alcohol-fueled trip in the jungle
▼ + stars: | 2023-01-25 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

Russian sausage magnate Pavel Antov died in India in late December and was a longtime Putin ally. According to The Wall Street Journal, Indian police have discovered new details about the pair of deaths in late December. Russian lawmaker Pavel Antov died in Rayagada, India, two days after his friend, Vladimir Bydanov. Bydanov, who shared a room with Antov, died of a heart attack on Antov's birthday. Antov is at least the 19th Russian executive who has mysteriously perished throughout the course of the war, according to The Journal.

☆ A new test for autism hopes to help doctors diagnose before symptoms show
▼ + stars: | 2023-01-05 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +8 min

Researchers have discovered myriad risk factors associated with autism, including infections during pregnancy, air pollution and maternal stress. “We can detect the clear rhythm of autism with just about one centimeter of hair,” Arora said. Autism diagnosis timingArora and his team hope their technology could help young children, even newborns, receive early interventions for autism sooner than they can now. “We want to enable early intervention.”There is not yet a biological test for autism spectrum disorder. Perhaps eventually, that information could open up new pathways for the development of drugs or therapies for autism, he said.

☆ Doctors have long been accused of sloppy handwriting. Google is using AI to translate their scribbled notes.
▼ + stars: | 2022-12-19 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Google is working on an AI model to translate hard-to-read handwriting, like on doctors' notes. The company announced it's working with pharmacists on the AI model that will be in Google Lens. Doctors' handwriting can potentially lead to deadly consequences for patients, Time reported, citing a 2006 study from the National Academies of Science's Institute of Medicine. However, a 1996 study published in the National Library of Medicine found that doctors' handwriting is no worse than that of people who aren't doctors. "This study fails to support the conventional wisdom that doctors' handwriting is worse than others'," the study's authors concluded.

☆ Happy hours, holiday parties, and office gossip are back. For remote workers, the FOMO is real.
▼ + stars: | 2022-12-15 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Much is written about the professional opportunities remote employees miss by not working in person. On an intellectual level, I realize it's silly to experience pangs of FOMO for work get-togethers that I can't possibly go to. But on a middle-school level, I can't help but feel a stab of sadness about not being included in office social life, especially during this most social time of year. But now that more employees are back to in-person work, there are good times to be had — and remote employees are taking notice. Remote work works for my life, my family, and my job, and despite the drawbacks, I'd rather be WFH than any other setup.

☆ Russian oil is still flowing in huge volumes even as EU sanctions and a price cap are less than a week away.
▼ + stars: | 2022-11-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

European governments still can't agree on a price cap for Russian oil even as the December 5 deadline is less than a week away. Poland, for example, is committed to a $30 price cap. Even with a price cap of, say, $65, it's unclear whether that can really make an impact, given that Russia's flagship crude oil — Urals grade crude — is trading 20% below that level already. Despite the West's repeated condemnation of Russia and President Vladimir Putin, Russia remains Europe's largest single refined oil products supplier. A) The West agrees to a price cap above $40B) The West agrees to a price cap below $40C) The West does not agree to any price capLet me know on Twitter (@philrosenn) or email me (prosen@insider.com).

☆ Give up on a traditional 60-40 portfolio in 2023 and adopt this unconventional allocation, according to a US stock chief for French financial giant SocGen
▼ + stars: | 2022-11-29 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Kabra laid out his strategy for investing in stocks, bonds, and credit. People have argued for years that a traditional 60% stock and 40% bond portfolio no longer makes any sense. A multi-decade bull market in bonds translated to high prices and low yields, while stock market returns were outstanding. If the purpose of the traditional portfolio was for bonds to provide stability and keep investors' money safe during tough times, it didn't work. Kabra explained that he's cut his stock allocations to barely half of what the 60-40 formula recommends.

☆ Amazon workers strike in the US and 30 other countries on Black Friday in global 'Make Amazon Pay' campaign
▼ + stars: | 2022-11-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Protests by Amazon workers and allies were planned in 30-plus countries on Black Friday. The Make Amazon Pay campaign comes as Amazon faces unionization efforts across the globe. The campaign is led by Make Amazon Pay, a coalition of 70 trade unions and organizations including Greenpeace, Oxfam, and Amazon Workers International. Protests were planned in more than 30 countries, including India, Germany, and Japan, according to Make Amazon Pay. Gig Workers Association (GigWA) in association with Amazon Warehouse workers and Hawkers Joint Action Committee participate in a protest in New Delhi, Friday, Nov. 25, 2022.

☆ Cloud financing lender Efficient Capital Labs raises $3.5 million from 645 Ventures to connect India-based startups to US lenders and expand operations to other countries
▼ + stars: | 2022-11-21 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Efficient Capital Labs lends capital from US firms to software companies in India. 645 Ventures led its seed round, and it got $100 million debt from Community Investment Management. Kaustav Das, a cofounder of the cloud financing platform Efficient Capital Labs, wanted to start a company that played to his knowledge of the field. ECL raised $3.5 million in a seed round led by 645 Ventures in April and closed a $100 million debt facility from Community Investment Management this month. Capchase took in $400 million in additional debt financing in June.

☆ New Delhi’s air pollution leaves residents gasping for breath
▼ + stars: | 2022-11-14 | by ( Gafira Qadir | ) www.nbcnews.com time to read: +5 min

By the first week of November, New Delhi’s air quality index was 472, high enough to affect healthy people while having a serious impact on those with existing conditions. In some areas of the city, the reading exceeded 800, according to the Delhi Pollution Control Committee, a regulatory body. Experts say exposure to low air quality levels increases the risk of respiratory infections, heart disease and lung cancer. In response to the poor air quality, Delhi officials ordered the closure of primary schools and reduced outdoor activities for older students from Nov. 4 to 9. A government vehicle sprinkles water to control air pollution in New Delhi last month.

Their agreement to talk again about climate thawed relations frozen earlier this year after U.S. House Speaker Nancy Pelosi angered China by visiting Taiwan. Teresa Ribera, Spain's climate minister, said she was hopeful that the rapprochement would energise negotiations. “This unequivocal signal from the two largest economies to work together to address the climate crisis is more than welcome; it’s essential," Bapna said. Heading into the last week of the two-week conference progress has been slow, frustrating negotiators who are struggling to find consensus on how rich countries should help developing nations meet the cost of climate-fuelled disasters. The outcome on that issue, referred to in climate talks as "loss and damage", could define the perceived success or failure of the COP27 talks.

☆ A surplus of fintechs focused on wealth management has financial advisors scrambling to stitch them together
▼ + stars: | 2022-11-11 | by ( Asia Martin | ) www.businessinsider.com time to read: +7 min

RIAs are solving the problem of limited tech integration by creating their own overlay tools. An abundance of wealth management-focused fintechs to choose from combined with a lack of integration between systems has led some advisory firms scrambling to piece them all together. In turn, the company decided to make that a value proposition by taking customers' data and entering it into a database for them. Once those customers created a Redshift data warehouse, they then could connect with Orion's warehouse and pull their data from there. Orion met with AWS' strategic-partnerships team and walked them through their use cases of applying Redshift technology.

☆ Facebook-parent Meta's India head Ajit Mohan steps down
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 3 (Reuters) - Facebook-parent Meta Platforms Inc (META.O) said on Thursday that its India head, Ajit Mohan, has stepped down after four years, while a media report said he would join rival Snap Inc (SNAP.N). Manish Chopra, director and head of partnerships at Meta India, will take over on an interim capacity, a company spokesperson told Reuters. Mohan will serve as the President of the Asia-Pacific business, Techcrunch reported, citing sources. "Over the last four years, he (Ajit Mohan) has played an important role in shaping and scaling our India operations," Nicola Mendelsohn, Vice President, Global Business Group at Meta said in a a statement. "We remain deeply committed to India and have a strong leadership team in place to carry on all our work and partnerships," Mendelsohn said.

☆ Here's an exclusive look at the pitch deck that fintech startup WageFi used to raise its first $400,000 from former American Express and Goldman Sachs executives
▼ + stars: | 2022-10-20 | by ( Emilia David | ) www.businessinsider.com time to read: +2 min

WageFi raised $400,000 from investors include former American Express and Goldman Sachs executives. Prshant Batra, who founded the company this year and serves as its CEO, previously worked for Goldman Sachs's consumer banking unit, Marcus, and American Express. The startup plans to mainly work with small and medium-sized businesses within the service industry that WageFi believes is underserved with financial products. While this is the first institutional funding for WageFi, Batra said he's not rushing any other fundraising for the company. Here is an exclusive look at the pitch deck WageFi used to raise $400,000 in pre-seed funding.

Prakash Singh/AFP/Getty ImagesThe recommendation to free the men was made by an advisory panel appointed by the Gujarat government, led by Narendra Modi’s Bharatiya Janata Party (BJP). Some lawmakers and activists have petitioned the Supreme Court for the men to be rearrested. Some saw the assailants’ release as a deliberate pitch for votes from BJP supporters ahead of the Gujarat state election. The couple want the decision reversed, as do those who have filed petitions with the Supreme Court. “We strongly believe that what happened with Bilkis was wrong and the convicts should be sent back to jail,” he said.

☆ Purdue Student Charged With Murder in Stabbing of Roommate
▼ + stars: | 2022-10-14 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Students left notes and flowers for Varun Manish Chheda at Purdue University. A Purdue University student was charged with one count of murder Thursday, a week after he allegedly stabbed his roommate in their shared dorm room. Tippecanoe County prosecutors filed the murder charge in a county court against Ji Min Sha , a 22-year-old who is accused of killing his roommate Varun Manish Chheda , 20, according to court filings.

☆ Poshmark is the latest company to tap into the $25 billion livestream shopping market. Here's how entrepreneurs are making thousands of dollars per stream.
▼ + stars: | 2022-10-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +15 min

Li did not disclose how applications are vetted, but Popshop Live is accepting more applications as the company's team grows, she said. Virgile Ollivier, a cofounder and the CEO of Livescale, told Insider livestream shopping would soon become just as important for brands as social-media marketing. Livestream-shopping platforms pick up where Instagram falls shortApps focused solely on livestream shopping show a disconnect on traditional social-media platforms. Nguyen designed her own characters for merchandise in addition to the squishy and plushy toys she sells on Popshop Live. Most sellers livestream at least once a week, at the same time so their followers always know when to expect a show.

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