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☆ Elon Musk's PAC is pouring millions into these 15 districts to keep the GOP in control of the House
▼ + stars: | 2024-09-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Elon Musk's "America PAC" has spent tens of millions of dollars to help Donald Trump. Now, the super PAC is wading into more than a dozen House races across the country. AdvertisementElon Musk's super PAC has already spent tens of millions of dollars on electing former President Donald Trump. Now, the tech billionaire's "America PAC" is wading into the fight for control of the House of Representatives. According to recent filings with the Federal Election Commission, America PAC has spent more than $2.85 million across 15 competitive House races.

Persons: Elon, Donald Trump, — Organizations: GOP, Trump, Service, Elon Musk's, Federal, Commission, America PAC, Business Locations: Elon Musk's

☆ TikTok purges accounts tied to Russian media RT and Sputnik over ‘covert influence’ efforts ahead of US election
▼ + stars: | 2024-09-24 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —TikTok has removed accounts associated with two Russian media groups for trying to exercise what it called “covert influence” on the upcoming US presidential election, in violation of its guidelines. The covert influence campaign was aimed at the American public ahead of the presidential election, US officials said. Tenet Media boasts a slate of high-profile right-wing, pro-Trump commentators, including Tim Pool, Dave Rubin, Benny Johnson and several others. After the Justice Department announcement, RT responded with mocking statements that did not address the specifics of the US allegations. TikTok, for its part, has itself faced questions over whether or not the Chinese government can manipulate its algorithm to influence the American public.

Persons: London CNN — TikTok, Rossiya, Tim Pool, Dave Rubin, Benny Johnson, Joe Biden Organizations: London CNN, Novosti, Sputnik, Meta, CNN, US Justice Department, Tenet Media, Trump, Department Locations: United States

☆ Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion
▼ + stars: | 2024-09-24 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet's average closing price over the last three months. The company went public in 2018 and sought to go head-to-head with other software companies like Atlassian. Qatalyst advised Smartsheet. Goldman Sachs and Morgan Stanley advised the private equity bidders.

Persons: Smartsheet, Blackstone, Mark Mader, Qatalyst, Goldman Sachs, Morgan Stanley Organizations: Blackstone, Vista Equity Partners

☆ Mizuho's Jared Holz talks what senate hearings mean for GLP-1 makers
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMizuho's Jared Holz talks what senate hearings mean for GLP-1 makersJared Holz, Mizuho, joins 'Fast Money' to talk Novo Nordisk CEO defending GLP-1 pricing and the push to lower prices.

Persons: Jared Holz Organizations: Novo Nordisk, GLP Locations: Mizuho

☆ My 4 daughters share the same birthday. None of the deliveries were scheduled.
▼ + stars: | 2024-09-24 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

My husband, Nick, and I thought it was cute when our first daughter was born on August 25, 2015, on our dog, Koda's fourth birthday. The day before we had our latest baby, Valentina, my eldest Sophia, 9, wished upon a star that she would arrive healthy on her birthday. Our daughters feel unique and specialAnother thing that people say to us is, "Oh, the poor kids, having to share a birthday." Meanwhile, Nick contacted the Guinness Book of World Records from the hospital on the day that Valentina, now one month old, was born. Do you have an interesting story about your family to share with Business Insider?

Persons: —, Kristin Lammert, Nick, Koda's, Valentina, Sophia, I'd, we'd, Guilana, Mia, Covid, hyperemesis, Guiliana —, Mia —, they'd, We're Organizations: Service, Business, Guinness, World Records Locations: South Carolina

☆ Caroline Ellison is a math whiz, trader, and shadow figure behind FTX's collapse. She's being sentenced for her role in the fraud case.
▼ + stars: | 2024-09-24 | by ( Lakshmi Varanasi | Grace Dean | Huileng Tan | ) www.businessinsider.com time to read: +1 min

Caroline Ellison was the CEO of Alameda Research, a trading firm launched by Sam Bankman-Fried. She oversaw bets Alameda took with customer funds. She will be sentenced for her role in the fraud case on Tuesday. In August 2022, Ellison became the head of Alameda Research, Bankman-Fried's trading firm that was closely intertwined with his fallen crypto exchange, FTX. By November, as FTX swiftly spiraled into bankruptcy, Ellison began to draw attention for her role in overseeing the risky bets Alameda took with customers' funds.

Persons: Caroline Ellison, Sam Bankman, —, Ellison, FTX Organizations: Alameda Research, Alameda, Service, Business

☆ U.S. Steel CEO defends planned sale to Japan's Nippon, believes deal will ‘close on its merits'
▼ + stars: | 2024-09-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. Steel CEO David Burritt on Tuesday defended the company's planned sale to Japan's Nippon Steel, expressing confidence that the deal will "close on its merits" despite President Joe Biden's vocal opposition. "We strongly believe the deal closes on its merits," Burritt said in an interview on CNBC's "Money Movers." "It strengthens national security, it strengthens economic security and it strengthens job security." CFIUS told Nippon that the sale could "lead to a reduction in domestic steel production capacity," according to a letter obtained by Reuters earlier this month. The committee said supply chains could be disrupted in sectors critical to national security such as transportation, infrastructure, construction and agriculture.

Persons: David Burritt, Joe Biden's, Burritt, Biden, Kamala Harris, Donald Trump, CFIUS Organizations: . Steel, Japan's Nippon Steel, Steel, NBC News, Nippon, U.S, Foreign Investment, Reuters Locations: American, Nippon North America, U.S, United States

☆ Take a look inside a $1.1 million 'zero emissions' home
▼ + stars: | 2024-09-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Courtesy: Wojciechowski FamilyGreg Iacurci: What does it mean for your home to be considered 'zero emissions'? Not only am I producing solar [energy] and any excess is going back onto the grid, but the power from the grid coming into my home is clean and sustainable. MW: Our utility bills are projected to be about $917 a year with [solar] panels, or around $80 a month. Courtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyGI: What do you mean solar offsets it? Solar panels only make sense if you build an energy-efficient home that's really all-electric.

Persons: Morgan Wojciechowski, Casey, Greg Iacurci, That's, It's Organizations: Dominion Locations: It's, Walnut, U.S

☆ Rafael Nadal added to Spain’s Davis Cup team after injury issues
▼ + stars: | 2024-09-24 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

CNN —Rafael Nadal has been named in Spain’s Davis Cup team for the Final Eight matches in November, organizers announced Monday. Matthew Stockman/Getty Images Europe/Getty Images 2007 — In 2007, the then 20-year-old Nadal's status as the 'King of Clay' was sealed. At that year's French Open, Nadal opted for the reverse of 2006's top-bandana combo -- this time with matching trainers to boot. Julian Finney/Getty Images Europe/Getty Images 2009 — Nadal's first dramatic transformation came in 2009. Matthew Stockman/Getty Images Europe/Getty Images 2010 — In 2010, Nadal bounced back from the 2009 disappointment with a daring multicolored number.

Persons: CNN — Rafael Nadal, Carlos Alcaraz, Roberto Bautista Agut, Pablo Carreño Busta, Marcel Granollers, Nadal, –, Novak Djokovic, Alcaraz, ”, Rafael Nadal, Roland Garros, CHRISTOPHE SIMON, — Nadal, Roger Federer, Michael Steele, Matthew Stockman, Clay, Federer, Mike Hewitt, Bjorn Borg's, Julian Finney, Nadal's, Robin Soderling, Soderling, Swede, THOMAS COEX, Borg, David Ferrer, Nadal grinded, Djokovic, Pete Sampras, Clive Brunskill, Dan Istitene, Dennis Grombkowski, Benoit Paire, Rafael Nadal's Roland Garros, “, ” Nadal, Alexander Zverev, I’ve Organizations: CNN, Spain’s Davis, Olympics, Wimbledon, Davis, AFP, Getty, Federer, Djokovic, Nadal, US, Davis Cup Locations: Spain’s, AFP, Europe, Hamburg, Spain, Netherlands

☆ Manchin says he won't endorse Harris over her support for ending the filibuster to codify abortion rights: 'Shame on her'
▼ + stars: | 2024-09-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

Sen. Manchin says he won't endorse Kamala Harris over her recent remarks regarding the filibuster. Harris told Wisconsin Public Radio that she supported scrapping the rule to restore Roe v. Wade. Manchin later told CNN that such a move would turn the Senate into "the House on steroids." Go to newsletter preferences Thanks for signing up! AdvertisementSen. Joe Manchin of West Virginia said he wouldn't back Vice President Kamala Harris' presidential bid after she expressed support for eliminating the filibuster to codify abortion rights.

Persons: Sen, Manchin, Kamala Harris, Harris, Roe, Wade, —, Joe Manchin, West Virginia Organizations: Wisconsin Public Radio, CNN, Service, Democratic Party, Business Locations: West

☆ Meet the Hong Kong billionaires behind some of the world's glitziest hotels — and the generation who could inherit the empire
▼ + stars: | 2024-09-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Sonia runs the family's hotel business, turning it into a sprawling collection of resorts and luxury locations. Sonia Cheng, pictured left, is the head of the Rosewood Hotel Group, which owns 51 hotels and is planning more than two dozen others. With Sonia at the helm, Rosewood has since expanded into a global powerhouse for luxury hotels, with 34 locations and another 24 on the way. Rosewood's Hong Kong property ranked second on the World's 50 Best Hotels' 2023 list, with two other hotels in São Paulo and Paris earning spots as well. He's the founder of Altaya Group, a wine wholesaler, and the boutique restaurant company Classified Group, which runs five locations.

Persons: Sonia, Sonia Cheng, Carlyle, Pascal Le Segretain, Thomas Iannaccone, Morgan Stanley, Warburg Pincus, Maritz, It's, Henry, Paulo Pong Kin, Yee Organizations: Rosewood, Group, Fashion, Penske Media, Getty, Harvard University, Warburg, CNBC, Rosewood Hotel Group, Rosewood Corp, Wolff, Channel News Asia, Paris, Altaya Locations: New York City, Rosewood, Manhattan, China, Beijing, Sanya, Shanghai, Shenzhen, Hong Kong, São Paulo, Hong

☆ Michael Kovrig: Canadian held for more than 1,000 days describes ‘psychological’ torture in Chinese detention
▼ + stars: | 2024-09-24 | by ( Lex Harvey | ) edition.cnn.com time to read: +4 min

Kovrig and Spavor were only freed after US prosecutors dropped the extradition request and agreed to release Meng, nearly two years later. Chinese officials did not publicly disclose any evidence against Spavor or Kovrig, or detailed information relating to their trials, which were held behind closed doors. Michael Kovrig embraces his separated wife Vina Nadjibulla after arriving at Pearson International Airport in Toronto, on September 25, 2021. You are going to be interrogated,’” Kovrig said. After six months, Kovrig said he was moved to a larger cell with plexiglass windows, which he shared with a dozen cellmates.

Persons: Hong Kong CNN — Michael Kovrig, Michaels, ” Kovrig, Michael Spavor, Kovrig, “, ‘ That’s, ’ ”, Meng Wanzhou, Meng, Michael Kovrig, Vina Nadjibulla, Frank Gunn, ’ ” Kovrig, “ I’ll Organizations: Hong Kong CNN, CBC News, International, Group, Huawei, Pearson International Airport, “, CNN, China’s Ministry of Foreign Affairs Locations: Hong Kong, China, Beijing, Ottawa, Canadian, North Korea, Vancouver, Toronto

☆ Katy Perry's most personal lyric on her new album is about her daughter Daisy. It's too little, too late to save it.
▼ + stars: | 2024-09-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

In the 11th and final song, "Wonder," Perry dedicates a succinct pep talk to Daisy, the name of her child with Orlando Bloom. "Stay free, little Daisy," Perry sings in the second verse. AdvertisementHowever, it is the only discernible reference to Daisy on "143" — and it appears to be the album's sole personal detail, period. Perry doesn't sound invested in any of it. Music doesn't need to be confessional or true-to-life in order to be good.

Persons: Katy Perry's, Perry, Daisy, Orlando Bloom, Perry doesn't, wasn't, doesn't, you've, Audacy, It's, Louie XIV, Sabrina Carpenter's, it's, Ava Max, Meghan Trainor, Bebe Rexha's, David Guetta, Daisy's Organizations: Service Locations: Vegas, California

☆ Leaders from the CIA, Dell Technologies, HP, SageCXO, and ezCater share how they keep up with AI development
▼ + stars: | 2024-09-24 | by ( Helen Li | Emma Cosgrove | ) www.businessinsider.com time to read: +14 min

John Roese, the global chief technology officer and chief AI officer of Dell Technologies. In the long term, those two have to come closer together to achieve the speed necessary for an AI cycle. So the quality of what you produce in your organization as a CTO — if you're going to provide models built in-house — better be superstar quality, or no one's using it. Once you understand that those are high level, then you have to ask if you are actually on a path where if you apply AI, you're going to get to an outcome. DeCesare: I've been most inspired to drive the leverage of AI through the company by finding out how people have applied it.

Persons: Emma Cosgrove, La'Naia Jones, John Roese, Elaine Zhou, Faisal Masud, Erin DeCesare, What's, it's, Claude, It's, She's, ChatGPT, Cosgrove, we've, cocreate, that's, We've, Masud, That's, they're, Jones, You've, Everyone's, Aaron, Jensen, Huang, I've Organizations: Business, BI's, CIA, Dell Technologies, HP, Star, Amazon, Nvidia Locations: Spain, Madrid, Silicon

☆ Automation is the biggest challenge for Siemens, says CFO
▼ + stars: | 2024-09-24 | 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 EmailAutomation is the biggest challenge for Siemens, says CFOSiemens CFO Ralf Thomas discusses the company's growth strategy, and explains how the firm will attempt to mitigate risks caused by falling demand in China.

Persons: Ralf Thomas Organizations: Automation, Siemens Locations: China

☆ The Wrap-Up for Tuesday September 24
▼ + stars: | 2024-09-24 | 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 EmailThe Wrap-Up for Tuesday September 24The top headlines that could drive today's trading.

☆ A designer's take on LinkedIn's 'Open to Work' banner went viral. It reignited the platform's most controversial debate.
▼ + stars: | 2024-09-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

But Myers replaced LinkedIn's "#Open to Work" banner with a bright pink sign that read "#Desperate." A controversial banner is bornLinkedIn rolled out its "Open to Work" banner in 2020. AdvertisementThe small visual appears on top of a user's profile image. Courtney Myers' take on LinkedIn's Open to work banner. Along with her "desperate" banner, Myers published a short note on LinkedIn describing her work experience.

Persons: —, Courtney Summer Myers, Myers, Courtney Myers, It's, Kamala Harris, I've, she's Organizations: Service, Business, Disney, Universal, Warner Bros Locations: LinkedIn's, London, Southampton, America, American, United States

Washington CNN —Vice President Kamala Harris’ vow to gut the Senate’s filibuster rule to pass a bill codifying abortion rights has cost her an endorsement from a leading Senate moderate: Joe Manchin. Asked about Harris’ past support for gutting the filibuster, Manchin said: “Well, she said she supported banning fracking too, and she changed that. Senate GOP Whip John Thune attacked Harris over her filibuster comments and vowed to preserve the delay tactic if he is elected as majority leader. “I think they’re willing to change the filibuster over a whole range of issues,” Thune said of the Democrats. I think the same is true for women’s rights, workers’ rights, so common sense gun measures to reduce gun violence.

Persons: Kamala Harris ’, Joe Manchin, ” Manchin, Harris, Manchin, wouldn’t, ”, “, Roe, John Thune, Mitch McConnell, ” Thune, Thune, ” Sen, Bob Casey, ” Casey Organizations: Washington CNN —, The West, CNN, year’s, Wisconsin Public Radio, Representatives, GOP, Republicans, Pennsylvania Democrat Locations: The, The West Virginia, Pennsylvania

☆ Zelenskyy called JD Vance 'too radical' and recommended he 'read up on the history of the Second World War'
▼ + stars: | 2024-09-24 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Read previewUkrainian President Volodymyr Zelenskyy criticized Ohio Sen. JD Vance as being "too radical" and recommended that he read up on World War II in an interview with The New Yorker. In exchange, Vance said, Ukraine would need to guarantee it wouldn't join NATO or other "allied institutions." AdvertisementIn his interview with The New Yorker, Zelenskyy dismissed this as an "awful idea" and "just sloganeering." Advertisement"Let Mr. Vance read up on the history of the Second World War, when a country was forced to give part of its territory to one particular person," he told The New Yorker. In the interview, Zelenskyy also addressed Trump's repeated claims that he could end the war between Russia and Ukraine within 24 hours, despite his failing to present a specific plan.

Persons: —, Volodymyr Zelenskyy, Ohio Sen, JD Vance, Zelenskyy, Donald Trump's, Vance, Trump, wouldn't, Mr, Adolf Hitler, Hitler, Trump's Organizations: Service, Ohio, Business, NATO, New, Trump Locations: Ukraine, Russia, Ukrainian, Europe

☆ Zelenskyy attacked JD Vance for being 'too radical' and recommended he 'read up on the history of the Second World War'
▼ + stars: | 2024-09-24 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

The latest poll finds Harris and Trump roughly even with independent likely voters – Harris at 45% to Trump at 41% - with a gender gap that is centered among independents. Harris is well ahead among likely voters younger than 30 (55% support her to 38% who favor Trump), and among Black (79% Harris to 16% Trump) and Latino (59% Harris to 40% Trump) likely voters. Likely voters overall say they trust Trump over Harris to handle the economy (50% Trump to 39% Harris), immigration (49% Trump to 35% Harris) and foreign policy (47% Trump to 40% Harris). Likely voters generally favor Harris’ approach on abortion and reproductive rights (52% Harris to 31% Trump), uniting the country (43% Harris to 30% Trump), and protecting democracy (47% Harris to 40% Trump). Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.

Persons: Kamala Harris, Donald Trump, Harris, SSRS, Libertarian Chase Oliver, Jill Stein, Trump, Harris ’, That’s, Joe Biden, – Harris, outpacing Trump, Trump’s, Tim Walz, Ohio Sen, JD Vance, Hillary Clinton, Clinton Organizations: CNN, Trump, Libertarian, Green Party, Democratic, Independent, White, Minnesota Gov, Voters, Republican

☆ 10 things to watch in the stock market Tuesday, including long-awaited China stimulus
▼ + stars: | 2024-09-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

China related stocks were on the move Tuesday after the People's Bank of China said it will cut interest rates. What the Jefferies downgrade misses is the market is giving Starbucks a pass as Niccol builds his team and makes changes. Truist downgraded Club holding Costco to a hold rating ahead of earnings, which are out after Thursday's close. The analysts still have a hold-equivalent rating on Club holding Home Depot but boosted their price target to $400 per share. China related stocks were on the move Tuesday after the People's Bank of China said it will cut interest rates.

Persons: Brian Niccol, Chipotle, Jefferies, Truist, Salesforce, Piper Sandler, Oppenheimer, Regeneron, Eli Lilly, Pinterest, —, Jeff Marks, Jim Cramer's, Jim Cramer, Jim Organizations: People's Bank of, Starbucks, Jefferies, Costco, Walmart, Analysts, Barclays, Constellation Brands, Oppenheimer, Justice Department, Visa, Bloomberg, Jim Cramer's Charitable, CNBC Locations: China, People's Bank of China, Japan

☆ The left won the election, but France’s new government will be at the mercy of the far right
▼ + stars: | 2024-09-24 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +4 min

At risk of collapsing before the year is out, the new lineup will have to do a delicate dance with the far right in order to survive. By pandering to the right, Macron hopes his government can safeguard his legacy after the left pledged to repeal some of his key policies, such as controversial pension reforms. New faces include veteran conservative Bruno Retailleau at the interior ministry whose hardline stance on immigration appeals to the far right. The president – a former left-wing minister – is now beholden to the support of the far right. Yet in this summer’s snap election, they are the very group Macron tried to keep out of government through his party’s “cordon sanitaire” voting alliance with France’s left.

Persons: Emmanuel, Macron, Michel Barnier, Barnier, Bruno Retailleau, Dimitar Dilkoff, Jean, Luc Melenchon, Jordan Bardella, “, –, France’s Organizations: Paris CNN —, Front, National, Getty Locations: Paris, AFP

☆ Ukrainian unit commander predicts drone warfare will be truly unmanned in a matter of months and won't need human pilots
▼ + stars: | 2024-09-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewIn just a matter of months, Ukraine may no longer need pilots for its drone force, a special drone unit commander said recently. One Ukrainian company's AI drones have already been used on the battlefield to carry out autonomous strikes on Russian forces. Both sides in this conflict are using unmanned systems en masse and developing new countermeasures. MAHMUD HAMS/AFP via Getty ImagesDiscussions around AI in drones and other weapons systems have been ongoing in recent years. The AI race in militaries has also led to international disputes about whether to impose regulations on how to develop and use AI weapons.

Persons: —, Robert Brovdi, Brovdi, MAHMUD HAMS, Kathleen Kicks Organizations: Service, Business, MikeMareen, Getty, Pentagon Locations: Ukraine, Russia, Ukrainian, Israel, AFP

☆ Will be hard for RBA to cut rates before year-end, economist says
▼ + stars: | 2024-09-24 | 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 EmailWill be hard for RBA to cut rates before year-end, economist saysDiana Mousina, deputy chief economist at AMP, discusses Australia's central bank decision to keep interest rates unchanged.

Persons: Diana Mousina Organizations: AMP

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