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☆ Opinion: Stormy Daniels turned the tables on the Trump team’s strategy
▼ + stars: | 2024-05-09 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +5 min

Trump denies having a sexual encounter with Daniels and has pleaded not guilty. It was expected that the cross would be even tougher today and, indeed, Necheles furiously attacked Daniels from the get-go. In the most pointed back-and-forth of the day, Necheles attacked Daniels’ recollection of the circumstances surrounding her alleged sexual encounter with Trump in 2006. It also reinforced Daniels’ Tuesday testimony that she felt a power imbalance with Trump at the time of the encounter. I interviewed him on these identical facts for the first Trump impeachment and I expect he, like Daniels, will exceed expectations.

Persons: Norman Eisen, “, Donald Trump, Stormy Daniels, Daniels, Susan Necheles capably, Norm Eisen, Necheles, Trump, ” Daniels, I’m, unclothed, ”, Michael Cohen Organizations: CNN, Manhattan, Trump, Prosecutors, Twitter, Facebook

Although my Platinum Card® from American Express charges a $695 annual fee, I find it saves me money. That's why it may be surprising to learn that one of my biggest travel game-changers involves spending money with a travel credit card. Like the 41% of Americans with a travel card, I use mine to save money on hotels, flights, and more. Although the $695 annual fee for my American Express Platinum Card seems steep at first glance, it's actually saved me money in the long run. My American Express Platinum Card gives me access to the Centurion LoungeI love enjoying delicious complimentary food in the Centurion Lounge.

Persons: I'm, it's, Emily Hart, Uber, Uber Cash, Cash Organizations: American Express, Uber, American, Disney, ESPN, The New York Times, Fine, Clear Plus, TSA, Saks, Saks Fifth Locations: Hulu, Waikiki, U.S

☆ The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
▼ + stars: | 2024-05-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Central banks are on a gold-buying spree, contributing to record-high spot gold prices. Other central banks are also snapping up gold to diversify their assets on the back of a strong greenback. Other central banks are also loading up on gold. Emerging market central banks that bought gold in the first quarter of the year include Kazakhstan, Oman, Kyrgyzstan, and Poland. There are political motivations for central banks to diversify their assets, too.

Persons: —, it's, bode Organizations: Service, People's Bank of China, greenback, Gold, JPMorgan, Allianz Locations: China, Turkey, India, Kazakhstan, Oman, Kyrgyzstan, Poland, United States

☆ Beer giant AB InBev beats profit estimates, with Bud Light boycott set to ease one year on
▼ + stars: | 2024-05-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024. Shares of Belgium's AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said it had escaped the drag from a year-long boycott of its Bud Light brand relatively unscathed. The company nonetheless managed to increase revenue by 7.8% last year, driven by higher sales in the Asia-Pacific and Central America regions. The first-quarter results showed a 11.1% drop in sales of AB InBev's own beer brands in North America, which it said was primarily due to Bud Light. The results also flagged growth in its Corona brand, particularly for its non-alcoholic beer brand Corona Cero.

Persons: Stella Artois, Bud Light, influencer Dylan Mulvaney, Donald Trump, Jason Warner Organizations: InBev Budweiser, Bud Light, Belgium's, InBev, Light, Corona, Former U.S, InBev's, U.K, Revenue Locations: Queens, New York, Asia, Pacific, Central America, North America, China, Brazil, Colombia, Europe, Mexico, South Africa, Corona

☆ Huawei: US revokes some export licenses for selling semiconductors to Chinese company
▼ + stars: | 2024-05-08 | by ( ) edition.cnn.com time to read: +4 min

A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a statement, declining to specify which ones it had withdrawn. The move could hurt Huawei, which still relies on Intel chips to power its laptops, and could hurt US suppliers that do business with the company. In a regulatory filing earlier this month, Qualcomm said it did not expect to receive more chip revenue from Huawei beyond this year.

Persons: Biden, Elise Stefanik, Trump, Critics, SMIC Organizations: Singapore Reuters, Intel, Qualcomm, Huawei Technologies, U.S . Commerce Department, Huawei, Republican, Commerce Department, “, Reuters, US Locations: Washington, Singapore, United States, Republican China, American, Communist, Qualcomm’s

☆ Gold bars are selling like hot cakes in Korea's convenience stores and vending machines
▼ + stars: | 2024-05-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Aside from ramen and sausages, South Korea's convenience stores have a new popular item on the menu — gold bars. The country's largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer customers mini gold bars — and they're selling like hot cakes. A variety of finger-nail sized gold bars weighing between 0.1 gram and 1.87 gram have been up for sale at CU outlets since April. Priced at 113,000 won each, 1 gram bars were sold out within two days, according to local news reports. This was the sharpest quarterly increase in gold purchases in South Korea in more than two years, WGC noted.

Organizations: Printing Corporation, Gold Locations: Korea, South Korea

☆ Planet endures record-hot April, as scientists warn 2024 could beat heat records for second year in a row
▼ + stars: | 2024-05-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —Extraordinary global heat continues its streak. It marks 11 consecutive months of unprecedented global temperatures. With that new data point, some scientists warn there is a strong chance 2024 could beat 2023 as the warmest year on record. Global ocean heat in April was also record-breaking for the 13th consecutive month. And while heat records are still being set month after month, the margins at which they are being broken are smaller than they were in 2023.

Persons: Copernicus, Adnan Abidi, Lisa Marie David, El Niño, Niño, it’s, Zeke Hausfather, ” Hausfather, Indranil Aditya, ”, Carlo Buontempo Organizations: CNN, Reuters, Getty Locations: Asia, Bangladesh, Vietnam, India, Barmer, Rajasthan, Manila, Philippines, Berkeley, Mumbai

☆ Rihanna, the undisputed queen of the Meta Gala, had to drop out this year at the last minute
▼ + stars: | 2024-05-07 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +2 min

Rihanna had to drop out of the Met Gala at the last minute on Monday night. Rihanna has become the undisputed queen of Met Gala for her showstopping looks over the years. News that month that she wasn't planning an elaborate look for the 2024 Met Gala. Fans were surely hoping that Rihanna would be making another fashionably late entrance to the Met Gala when she didn't appear on Monday night. Rihanna was also the last celebrity to arrive at the 2021 Met Gala, rocking up in black couture Balenciaga coatdress.

Persons: Rihanna, —, Rihanna —, Guo Pei, Valentino, Couture, Noam Galai, Fenty Savage, I've, Theo Wargo, RZA, Rocky —, Timothy A, Clary Organizations: Service, Business, British Vogue, Hollywood

☆ Elizabeth Holmes shaves more time off her sentence
▼ + stars: | 2024-05-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Disgraced former Theranos CEO Elizabeth Holmes could be out of prison several months earlier than expected, according to the projected release date posted by the Bureau of Prisons. The Bureau of Prisons’ online database currently shows that Holmes’ expected release date from a Texas prison is August 16, 2032 — a slight reduction from her previous release date of December 29, 2032. It’s her second reduction in less than a year: She previously had her 11-year-and-three-month sentence by about two years last July. These factors that go into calculating an estimated release date are not unique to Holmes’ case, but standard for inmates, a bureau spokesman previously told CNN. Holmes is currently serving out her sentence at Federal Prison Camp Bryan, a minimum security federal prison camp that is approximately 100 miles from Houston.

Persons: New York CNN —, Elizabeth Holmes, Holmes, It’s, Prisons didn’t, Theranos, –, Catherine Thorbecke Organizations: New, New York CNN, Bureau of Prisons, Prisons, CNN, Federal Prison, Street Locations: New York, Texas, Houston, Silicon Valley

☆ What earnings beat? Disney's streaming slowdown is all anyone on Wall Street cares about
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

But that wasn't enough for Wall Street, with the stock diving as much as 11% following the earnings report, its worst daily decline in 18 months. Related storiesWhile Disney+ added 6.3 million new subscribers in the quarter, its total number of streaming subscribers, 153.6 million, was below Wall Street estimates by about 2 million. AdvertisementThe sharp move lower highlights the high standard Wall Street has set for Disney's streaming portfolio, which includes Disney+, Hulu, ESPN, and India's Hotstar. So far, that doesn't appear to be happening, at least not at a quick enough pace for Wall Street. And while Disney's streaming business is moving in the right direction overall, it will likely still be a bumpy ride ahead for the unit to deliver consistent profits.

Persons: —, India's, Hugh Johnston, Geetha Ranganathan, Kevin Organizations: Service, Business, Disney, ESPN, Netflix, Wall, Wall Street, Bloomberg Intelligence Locations: Hulu, India

☆ The market tries to extend its winning streak. Here's what working for and against stocks
▼ + stars: | 2024-05-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Jerome Powell, Jim Cramer's, Stanley Black, Decker, Cramer, Jim, That's, there's, Nelson Peltz, Peltz, We've, we'll Organizations: CNBC, Federal, Logitech, After West Texas, Energy Department, Strategic Petroleum Reserve, Susquehanna, Disney, Developers, Apple, Wynn Resorts, Arista Networks, Rivian, Occidental Petroleum, Bros, Reddit, Emerson Electric, Jim Cramer's Charitable Locations: FirstSource, After, Macao, Las Vegas, Occidental, Lyft

☆ ‘But What Will People Say?,’ Sahaj Kohli explores the challenges that children of immigrants commonly face
▼ + stars: | 2024-05-07 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +15 min

"But What Will People Say?," a memoir and self-help book from writer and therapist Sahaj Kaur Kohli, published on May 7. In “But What Will People Say?,” which published May 7, Kohli explores that fear of judgment, along with other challenges that children of immigrants commonly face: shame, self-sabotaging behaviors and the loss of cultural identity among them. In "But What Will People Say?," Kohli examines the dissonance between Western conversations around mental health and family dynamics in immigrant households. So many of us will feel guilt and all of a sudden be like, “I’m doing something wrong. Do you feel guilt because your parents are subscribing to a different set of values that don’t align with yours?

Persons: Sahaj Kaur Kohli, Kohli, ’, ” Kohli, I’m, Beowulf Sheehan, it’s, What’s, “, don’t, “ I’m, Abir Bhattacharya, you’re Organizations: CNN, Mental, Penguin, Brown Locations: White, Virginia, Indian

Ms. Daniels could take the stand to testify against Mr. Trump as early as this week. Her presence would let Mr. Trump’s defense lawyers attack Ms. Daniels as an extortionist and question her credibility. Nor can she testify about the plan for Mr. Trump to hide his reimbursements to Mr. Cohen by characterizing them as legal fees. Mr. Trump’s lawyers contend that he did not know that the checks he signed for Mr. Cohen were not for legal fees, and that Mr. Cohen and Mr. Trump’s employees were responsible for any false records. “He has never thought that the little man, or especially women, and even more, women like me, matter,” Ms. Daniels said.

Persons: Donald J, Trump, Stormy Daniels, Daniels, Alvin L, Bragg, Trump’s, Michael Bachner, Bachner, Dave Sanders, Stephanie Clifford, Barrett, “ I’m, Donald Trump, ” Ms, Norm, ”, Peacock, J., r. “ Organizations: Mr, The New York Times Locations: Manhattan, New York City, Baton Rouge, La, Texas, Florida, New York

☆ Opinion | The Darker Side of Stormy Daniels’s Testimony
▼ + stars: | 2024-05-07 | by ( Jessica Bennett | ) www.nytimes.com time to read: +1 min

To be clear, Stormy Daniels has never accused Donald Trump of anything but a payoff. Daniels took the stand on Tuesday and spoke confidently. She gestured with her hands, at times joking, and at other times she spoke so quickly that the judge had to ask her to slow down. Trump was not threatening during the sexual encounter, she testified, though he was standing between her and the door. She did not say no to sex with him, but she also didn’t consent to him not using a condom.

Persons: …, “, Stormy Daniels, Donald Trump, Trump, Daniels, —, ” Locations: Lake

☆ Andreessen Horowitz investor says half of Google's white-collar staff probably do 'no real work'
▼ + stars: | 2024-05-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

A general partner at Andreessen Horowitz is the latest to join the debate around "fake work" in Big Tech. David Ulevitch said "half the white-collar staff at Google probably does no real work." AdvertisementAn investor at famed Silicon Valley firm Andreessen Horowitz is the latest VC to get involved in the debate around "fake work" in the tech industry. Advertisement"I don't think it's crazy to believe that half the white-collar staff at Google probably does no real work," he said. Other VCs have also entered the debate around "fake work" and overstaffing within Big Tech in recent years.

Persons: Andreessen Horowitz, David Ulevitch, —, Emily Sundberg, Ulevitch, Marc Andreessen, Keith Rabois, Thomas Siebel, they've, overhiring Organizations: Google, Meta, Service, Cisco, Big Tech, Tech, PayPal Mafia, Facebook Locations: Big Tech, Silicon, America

☆ I've been to Vegas over 50 times. Here are the 8 best restaurants on The Strip.
▼ + stars: | 2024-05-06 | by ( Wendy Lee | ) www.businessinsider.com time to read: +7 min

After visiting Las Vegas over 50 times, my husband and I have a dining strategy: We return to a few of our favorite spots and then try a couple of new ones. AdvertisementOcean Prime is a splurge-worthy restaurant perfect for celebrating special occasionsWendy LeeIn 2023, Ocean Prime opened on the corner of Las Vegas Boulevard and Harmon Avenue — it even has a rooftop terrace overlooking The Strip. AdvertisementAt first, that made me doubt the quality of the food — but I've learned the food is even better than the decor. On a recent trip to Catch, I got the best French toast I've ever eaten. Located inside Paris Las Vegas, the French eatery has a patio directly across the street from the Bellagio Fountains.

Persons: —, Wendy Lee, Roy Choi, Jon Favreau, Lago, Julian Serrano's Lago, George Rose, Julian Serrano, I've, Retox, Bardot Brasserie, Bardot, Benedict, De Laurentiis, Mon Ami Gabi, Harun Ozmen, Shutterstock Organizations: Service, Las Vegas, Business, MGM, Bellagio, Casino, Ocean, Cosmopolitan, Mon Locations: Vegas, Cuban, Bellagio, Bellagio Fountains, Lago, Las Vegas, It's, cafés, Paris, Cromwell, ribeye, York, it's, New York, Paris Las Vegas

☆ Met Gala 2024: Everything we know about the theme, hosts and guests
▼ + stars: | 2024-05-06 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

Bad Bunny, Jennifer Lopez, Chris Hemsworth and Zendaya will co-chair this year's Met Gala for the exhibition "Sleeping Beauties: Reawakening Fashion." The first celebrities to appear will be Gala co-chairs Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth, the last of whom is making his Met Gala debut. What was the first Met Gala theme? Gwyneth Paltrow famously called the Met Gala “un-fun” in 2013 and said she’d “never” go again, but returned in 2017 (and 2019). Met Gala guests have often broken the no-social-media rule to give a more candid glimpse of who is hanging with who and what goes on behind closed doors.

Persons: CNN —, —, Jared Leto’s, Rihanna, J.G, Ballard, Andrew Bolton, Bunny, Jennifer Lopez, Chris Hemsworth, Zendaya, James Devaney, Victor Aubry, Christina House, Neil Mockford, Bad Bunny, Anna Wintour, Wintour, Arturo Holmes, Karl Lagerfeld, Rei Kawakubo, Charles James, Christian Dior, Alexander McQueen, Gianni Versace, Angela Weiss, Lagerfeld, Anne Hathaway, Nicole Kidman, Jenna Ortega, Chanel, Fendi, Eleanor Lambert, Diana Vreeland, LaunchMetrics, Calvin Klein, “, ” Cher, Ron Galella, ”, Lady Gaga, Kardashian, Jenners, Donald Trump, James Corden’s, Demi Lovato, Zayn Malik, Tina Fey, Fey, David Letterman ”, backtrack, Gwyneth Paltrow, she’d “, Olivia Wilde, Margaret Zhang, Kevin Mazur, Bella Hadid, Dakota Johnson, Jason Derulo, Jay, Solange, it’s, ” Wilde Organizations: CNN, Metropolitan Museum of Art, Costume Institute, Los Angeles Times, American Vogue, New York Times, Getty, Super, Hollywood, Vogue, “ Vogue China Locations: New York, British, American, China

☆ Fast food chains are getting the message about soaring prices
▼ + stars: | 2024-05-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

To win penny-pinching customers back, some say they're planning smaller price increases for the rest of the year. Wendy's CFO Gunther Plosch told investors on Thursday that consumers are "still under pressure" — especially those with household incomes under $75,000. Chains raised prices drastically during the pandemic to offset rising labor and food costs, and it's coming back to bite them. For some restaurant chains, comparable sales even fell. McDonald's would "certainly" be "prudent and thoughtful" about any further price increases in the rest of 2024, Borden said.

Persons: —, Gunther Plosch, Ian Borden, Joshua Kobza, Burger, Popeyes, Burger King, Wendy's, William Blair, Sharon Zackfia, Borden, Katie Fogertey Organizations: Service, Starbucks, KFC, US, Bureau of Labor Statistics Locations: Burger, North America

☆ 18 vintage photos of the Met Gala that show it's been a glamourous night for decades
▼ + stars: | 2024-05-06 | by ( Anneta Konstantinides | Samantha Grindell | ) www.businessinsider.com time to read: +1 min

The 2024 Met Gala will take place Monday night. Vintage photos show socialites, celebrities, and even royals mingling in the past. AdvertisementThe Met Gala is among the most exciting fashion events of the year. An annual fundraiser for the Metropolitan Museum of Art's Costume Institute, the Met Gala brings together celebrities, socialites, athletes, and nepo babies in the form of a themed party at the museum itself. The 2024 Met Gala has a "Sleeping Beauties: Reawakening Fashion" theme and a " Garden of Time " dress code, which will shape what attendees wear on the red carpet.

Persons: — Organizations: Service, Metropolitan Museum, Art's Costume Institute, Business

☆ I'm a professional declutterer. Here are the 5 things you need to throw away right now from your kitchen.
▼ + stars: | 2024-05-05 | by ( Julia Williamson | ) www.businessinsider.com time to read: +4 min

I help my clients get rid of things they don't need or use anymore. AdvertisementAs a professional declutterer, I work with clients, helping them get rid of things they don't want, need, or have too many of. Pull them all out, see what's useful and what isn't, and ditch the things you're unlikely to use. If you're convinced you need them all, try this: put half in a box and hide it away for a few months. Happily, you can fill them with all the other stuff you're getting rid of.

Persons: —, you've Organizations: Service, IBM

☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

☆ Robin Williams wrote a letter to a school principal urging they 'rethink' the expulsion of a 'Mrs. Doubtfire' child star
▼ + stars: | 2024-05-04 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewOne of the child stars of "Mrs. Doubtfire" revealed that Robin Williams went to bat for her after she was expelled for taking time off to star in the blockbuster comedy film. "Mrs. Doubtfire" starred Williams as a divorced dad who hatches an elaborate plan to imitate a female housekeeper so he can work for his estranged wife and see his children. "I got thrown out of high school on 'Doubtfire,'" Jakub told her costars. I was attending high school in Canada, then I left for four months to go film the movie." Speaking to Business Insider last year on the 30th anniversary of the movie, "Mrs Doubtfire" director Chris Columbus said that he and Williams began discussing the possibility of a sequel in 2014.

Persons: —, Doubtfire, Robin Williams, Williams, Lisa Jakub, Sally Field's, Mara Wilson, Matthew Lawrence, Jakub, Robin, Sally Field, Lawrence, hadn't, Chris Columbus Organizations: Service, Business, Fox, University of Southern, LA Locations: Canada, University of Southern California, Columbus

☆ Yen poised for best week in over a year; dollar waits on U.S. jobs data
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +3 min

Elsewhere, the dollar lost ground against most of its peers and was headed for its worst week in nearly two months, in part due to the sharp rise in the yen this week. The euro ticked up 0.05% to last trade at $1.0730, and was eyeing a weekly gain of 0.35%. "Recent Fed speech has acknowledged the lack of progress on inflation and the desire to maintain the current level of policy rates for longer. Down Under, the Australian dollar edged 0.07% higher to $0.6570, and was on track to gain nearly 0.6% for the week. The New Zealand dollar tacked on a marginal 0.03% to $0.5963, and was eyeing a 0.4% weekly gain.

Persons: Tokyo's, Vishnu Varathan, Jerome Powell, Sterling steadied, Tai Hui Organizations: Traders, Bank of Japan, Ministry of Finance, Mizuho Bank, Federal, Fed, Morgan Asset Management, New Zealand Locations: Asia, tenterhooks, Tokyo, Japan

☆ New FTC transcript reveals juicy details on how Jeff Bezos and other top Amazon execs used disappearing messages
▼ + stars: | 2024-05-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

In the past, he set Signal messages to automatically delete after one week. "I never would have used Signal under any circumstances with disappearing messages on or off to discuss any complicated business issues. Associated PressJEDI ContractThe FTC lawyer also showed Bezos a log of Signal messages that were used with the disappearing message feature activated. He said he "did not" know Signal messages were covered by those legal guidelines. The company was "unable to determine" why that's the case, but said it's possible Signal messages were deleted when they got new phones.

Persons: Jeff Bezos, Bezos, Mike Hopkins, —, Andy Jassy, Amazon's, Jassy, Donald Trump, there's, I'm, Jeff Blackburn, Hopkins, Blackburn, Blackburn wasn't, Blackburn's, Max Organizations: Federal Trade, Amazon, Business, FTC, Associated Press, Defense Department, Microsoft, Department of Defense, Blackburn, Bezos Locations: Bezos, Blackburn

☆ Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold
▼ + stars: | 2024-05-02 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The biotech company booked first-quarter sales of $167 million, with revenue from its Covid shot dropping roughly 90% from the same period a year ago. The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from its RSV vaccine. For the first quarter, Mock said the company is "more encouraged by what we're seeing from a productivity perspective" than the higher sales of its Covid vaccine. Cost of sales was $96 million for the fourth quarter, down 88% from the same period a year ago.

Persons: we've, Stéphane Bancel, Jamey Mock, Mock, OpenAI Organizations: Moderna, LSEG, CNBC, Research, Mock, Merck Locations: Moderna, U.S, America

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