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☆ The cofounder of MoviePass is raising $20 million from Amazon and Alphabet for a longevity-focused venture studio
▼ + stars: | 2024-07-23 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

MoviePass ousted Watt, along with its other cofounder Stacy Spikes, from the company two years before filing for bankruptcy. Since then, Watt has been building Share Ventures, a venture studio that's now closed on nearly $20 million of funding from backers including Amazon and Alphabet. Share Ventures has quietly been spinning up those startups and plans to start announcing them in the coming months. Oral health company Feno, one of Share Ventures' portfolio companies, is working on a smart toothbrush powered by AI. Share VenturesAI is supercharging the venture studio modelThreats to the venture capital industry, from high interest rates to the explosion of AI, aren't letting up.

Persons: —, Watt, MoviePass, Stacy Spikes, Spikes, he'd, It's, Smart, that's, they're Organizations: Service, HBO, Business, Share Ventures, Ventures, Oral

☆ Comcast posts mixed results, weighed down by film studio, theme parks
▼ + stars: | 2024-07-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Comcast reported mixed results before the bell Tuesday, missing on revenue estimates due to tough year-over-year comparisons for its film studio and theme parks. The company's revenue fell nearly 3% to $29.69 billion compared to the same period last year. Revenue from the content and experiences segment, which includes the NBCUniversal TV business, theme parks and Universal Pictures, was down 7.5% to $10.06 billion. However, NBCUniversal's TV business offset the segment, posting $6.32 billion in revenue, up 2% from last year. Comcast shed 419,000 cable TV customers during the quarter.

Persons: Mario, Peacock Organizations: Comcast NBC, Comcast, LSEG, Revenue, Universal Pictures, CNBC Locations: Los Angeles , California

☆ As the super-rich pile into alternatives, a top investment manager reveals how others can too
▼ + stars: | 2024-07-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Private market assets or alternative investments are those that do not fall into the conventional categories of stocks, bonds, commodities and cash. Prequin, which provides data on the alternative assets market, says it expects assets under management to hit $23.21 trillion by 2026 . Listed companies related to private markets He advised investors to consider listed companies in "the business of private markets management." These include the likes of KKR and Blackstone , which invest in a range of alternatives like real estate, credit and capital markets. Listed private market funds Another way to gain exposure to the alternatives space is through private market funds which are available in some countries.

Persons: —, Juan Delgado, Moreira, Hamilton Lane, Delgado Organizations: CNBC Pro, Nvidia, KKR, Blackstone, London Stock Exchange, Oxford Tech, Venture Capital Trust, Temasek, Asset Management Locations: U.S, Hamilton Lane, Singapore

☆ I burned out trying to be an overachieving parent. I learned it's OK to ask for help.
▼ + stars: | 2024-07-22 | by ( Amanda Miller Littlejohn | ) www.businessinsider.com time to read: +9 min

Then, I'd put them down for their afternoon nap, during which I'd work on projects for my consulting clients. I saw my overachieving as a way to set them up for future success in a hyper-competitive world. I learned it's OK to ask other parents for helpMy girl-mom network has shared hand-me-down winter coats, barely-worn Easter dresses, and pediatric specialist recommendations. But I've learned relying on my network to hook me up doesn't make me lazy, unserious, or checked out as a parent. AdvertisementThe author learned it's OK to ask for recommendations from friends and other parents while parenting her daughter.

Persons: Fela Kuti, John Coltrane, Jacob Lawrence, Romare Bearden, Jean, Michel Basquiat, We'd, I'd, Amanda Miller Littlejohn, —, hadn't, They've, I've, I'm, — I'm, they'll, It's Organizations: Service Locations: Tennessee

☆ Delta offers crews extra pay as carrier struggles to recover from IT outage, CEO apologizes
▼ + stars: | 2024-07-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Delta Air Lines CEO Ed Bastian apologized and offered frequent flyer miles to travelers for lingering flight disruptions on Sunday as the carrier struggled to recover from Friday's globe-spanning IT outage. The airline was offering flight attendants extra pay to pick up shifts, a staff memo on Sunday said. The delays and cancellations are putting Delta in a rare spotlight for the carrier whose leaders pride themselves on reliability and punctuality.

Persons: Ed Bastian, Bastian Organizations: Delta Airlines, Ronald Reagan National Airport, Airlines, Delta Air, airline, American Airlines, Delta, Microsoft, Southwest Airlines Locations: Arlington , Virginia, Atlanta, Delta

☆ Opinion | JD Vance, D.E.I. Candidate
▼ + stars: | 2024-07-21 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +2 min

Ever since speculation began that Vice President Kamala Harris might replace President Biden at the top of the Democratic ticket, there has been a steady, ugly chorus on the right. The New York Post published a column that declared that Harris would be a “D.E.I. candidate, so is Vance. It depends, indeed, on how you understand the role of identity in shaping the opportunities that define anyone’s life. All politics is, at some level, identity politics — the business of turning identity into power, be it the identity of a candidate or demographic group or political party or region of the country.

Persons: Kamala Harris, Biden, Harris, ”, Vance Organizations: Democratic, New York Post, Republican

☆ Seeking nominations for Business Insider's third annual climate action list
▼ + stars: | 2024-07-19 | by ( ) www.businessinsider.com time to read: +1 min

Nominations are open for Business Insider's third annual list of top climate leaders. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. download the app Email address Sign up By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyWe're seeking nominations for Business Insider's third annual climate action list , which identifies global leaders working toward climate solutions. Aligning with COP29 and launching in November, BI's climate action list will invite honorees to share their progress toward achieving their climate goals and the specific actions they think our readers can take to do the same. This story is available exclusively to Business Insider subscribers.

Organizations: Business, Service

Introduction to the Hilton Honors Business CardThe Hilton Honors American Express Business Card is worth considering if you're loyal to Hilton and qualify for a small business credit card. Hilton Honors Amex Business Card OverviewThe Hilton Honors American Express Business Card is the only business card in the Hilton credit card family. The other three — Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card, and Hilton Honors American Express Aspire Card — are great options if you're in the market for a consumer-focused Hilton credit card. Hilton Honors Amex Business Card Benefits and FeaturesThe Hilton Honors Amex Business Card comes with several perks that can make your travels more comfortable and help you save money. Hilton Business Credit Card Annual Fees and Other CostsThe annual fee on Hilton Honors Amex Business Card more than doubled in early 2024, jumping up to $195.

Persons: Hilton, Amex, Hilton LXR, Hilton Tru, you'll, Cardholders, You'll, aren't Organizations: Business, Hilton, Honors American Express, Hilton Honors American Express, Diamond, Express, Hilton Honors American, Hilton Honors, Card, Honors, Tru, Hilton Gold, Hotel Brands Conrad Hotels, Resorts, Hilton DoubleTree, Hilton Embassy, Inn, Hilton Hilton Hotels, Garden Inn, Hilton Homewood, Hilton LivSmart Studios, Hilton Signia, Hilton Tempo, Hilton Waldorf Astoria Hotels, Resorts Hilton, Hilton Diamond, Emerald, Chase, Baggage, Hilton Business, Air France, KLM, Delta Air Lines, United Airlines, Chevron, Hilton Business Credit, Hyatt Locations: Chevron, IHG

☆ Online Health Providers Are Making Money on Young Men's Sense of Shame
▼ + stars: | 2024-07-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The pandemic accelerated the rise of telehealth, which these DTC companies are a part of both culturally and legally. Hims & Hers Health has a market cap of over $4 billion. Those at the forefront of the DTC health revolution have American guys right where they want them: insecure, on edge, and ready to open their wallets. Plenty of doctors have sounded the alarm about DTC telehealth companies, and some firms have gotten into legal trouble, too. For all the issues with DTC companies, it's fair to note that traditional healthcare settings are far from perfect.

Persons: Paul, he'd, who's, He's, doesn't, Nobody, didn't, Matthew McCoy, what's, Ashwini Nagappan, Joshua Halpern, Halpern, Nagappan, McCoy, Hims, —, you've, They're, men's, Ro, Emily Stewart Organizations: View Research, Department of Medical, University of Pennsylvania, UCLA's Fielding School of Public Health, Northwestern University's Feinberg School of Medicine, telemedicine, of Justice, Business Locations: Hims

☆ Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
▼ + stars: | 2024-07-18 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

watch nowThere are a lot of synergies between the bitcoin mining and AI infrastructure businesses. watch nowBeefing up the gridFor years, Crusoe's work has been virtually synonymous with the bitcoin mining industry. But Crusoe's Lochmiller told CNBC that AI infrastructure has actually been part of the vision since the company's founding six years ago. Back in 2018, Fenn says that the only load that was a good fit for this was bitcoin mining. "That has all changed now, with AI data centers optimized for massive scale energy availability, cost, and greenness.

Persons: Nolan, Robert Daemmrich, Ali Fenn, Chase Lochmiller, Crusoe's, JPMorgan Chase, Asher Genoot, Riley, CoreWeave, Crusoe's Lochmiller, Lancium's Fenn, Lancium, Fenn Organizations: Corbis, American, Energy Systems, CNBC, Mining, JPMorgan, Nvidia, CoreWeave, Core, ExxonMobil, Crusoe Industries, Miners Locations: Buffalo, Taylor, Abilene , Texas, West Texas, Abilene, Houston, Denver, U.S, Iceland, Miami, North Dakota, Texas

☆ Biden has 'mild' Covid symptoms, no fever, White House doctor says
▼ + stars: | 2024-07-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden arrives to deliver remarks following the incident that occurred at a campaign rally for former U.S. President Donald Trump, in Rehoboth Beach, Delaware, U.S., July 13, 2024. President Joe Biden is still dealing with "mild upper respiratory symptoms" one day after testing positive for Covid-19, White House physician Kevin O'Connor said Thursday. "He does not have a fever and his vital signs remain normal," O'Connor said in a statement, noting that Biden is receiving the antiviral medicine Paxlovid. Biden has steadfastly refused to step aside, saying he is the most qualified candidate to beat Republican nominee Donald Trump despite his dismal performance in last month's presidential debate. But in an interview with BET conducted Tuesday, Biden said that he might reconsider his decision if a "medical condition" emerged.

Persons: Joe Biden, Donald Trump, Kevin O'Connor, O'Connor, Biden Organizations: White, Republican, BET Locations: Rehoboth Beach , Delaware, U.S

☆ The rotation into small caps is becoming real, State Street’s Anna Paglia
▼ + stars: | 2024-07-17 | 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 rotation into small caps is becoming real, State Street’s Anna PagliaAnna Paglia, Executive Vice President and Chief Business Officer for State Street Global Advisors, joins CNBC’s Bob Pisani on ‘ETF Edge’ on the ‘Halftime Report’ to discuss the rotation into small caps, the value trade and more.

Persons: State Street’s Anna Paglia Anna Paglia, Bob Pisani Organizations: State, State Street Global Advisors

☆ It looks like the party's over for luxury goods in China
▼ + stars: | 2024-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewHugo Boss, Burberry, Richemont, and Swatch have all called out slumping sales in China this week as consumers cut back on luxury spending. Swiss watch group Swatch said it expects the Chinese market "to remain challenging for the entire luxury goods industry until the end of the year." But much of this spending has been overseas, and sales in China have fallen for some of the world's biggest luxury brands. AdvertisementBefore the pandemic, about two-thirds of Chinese luxury spending occurred outside mainland China, plummeting to less than 10% in 2021 and 2022 because of travel restrictions, according to data from Bain. The consultancy said that this started to rebound in 2023 with the return of overseas tourism, with an estimated 30% of luxury spending taking place outside mainland China.

Persons: —, Hugo Boss, Burberry, Gerry Murphy, they've, Bain, Luca Solca, Vacheron Constantin, Marc Jacobs, Versace, Richemont Organizations: Service, Swatch, Business, Bain & Company, Richemont, Cartier, Burberry, Financial Times, Bain, Prada, The Financial Times, Luxury Summit Locations: China, Swiss, Americas, Hong Kong, Macau, Japan, South Korean, East

☆ Wall Street 'bake offs' are back. Here's what it means for dealmaking, according to Morgan Stanley CEO Ted Pick.
▼ + stars: | 2024-07-16 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Read previewWhen Morgan Stanley reported earnings on Tuesday, it wasn't the first bank to make hay over the coming "investment-banking rebound." Top executives up and down across Wall Street have been talking for days about their predictions that Wall Street's bread-and-butter business of advising and financing deals could soon come roaring back. And the parade of optimism has only heated up this year as investment-banking revenues have started the slow climb from historical lows. AdvertisementIB revenues surgingLike many of the other Wall Street banks that reported earnings in recent days, Morgan Stanley saw investment-banking revenues soar in the second quarter. And as Pick said on Tuesday, Wall Street is getting excited about more than just traditional dealmaking, but also the financing and other hedging strategies that come with companies getting off the sidelines.

Persons: —, Morgan Stanley, Mike Mayo, Mayo, Morgan, Ted Pick, Pick, Goldman Sachs, Goldman, Solomon, Chase, It's, It'd Organizations: Service, Wells, Wells Fargo Securities, Business, Wall, Reserve, quicken, Goldman, Bank of America Locations: Wells Fargo, issuances, Mayo

☆ Regional bank earnings reports may not matter as group rips higher on rate cut optimism
▼ + stars: | 2024-07-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Regional bank stocks are breaking out, and they may be able to continue to climb even if second-quarter earnings results are modest. The SPDR S & P Regional Bank ETF (KRE) has risen for six straight trading sessions, and on Monday it closed at its highest level since December. KRE 1Y mountain This regional bank ETF is at its highest level since December. The group still trades below historical valuations more than a year after the failure of Silicon Valley Bank, Bank of America said. Notable regional bank earnings reports this week include Citizens Financial Group on Wednesday, M & T Bank on Thursday and Fifth Third Bancorp on Friday.

Persons: Ebrahim Poonawala, Banks, Poonawala, Goldman, Ryan Nash, Nash, — CNBC's Michael Bloom Organizations: P Regional Bank ETF, Federal Reserve, Fed, Bank of America, Silicon Valley Bank, Western Alliance, WAL, York, Citizens Financial Group, T Bank, Fifth Third Bancorp Locations: Silicon

☆ We're buying back into a chipmaker that offers a new reason to own it
▼ + stars: | 2024-07-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Shortly after the opening bell, we will be initiating a position in Advanced Micro Devices , buying 150 shares at roughly $184.35. Following the trade, Jim Cramer's Charitable Trust will own 150 shares of AMD, representing 0.80% of the portfolio. In his Sunday column, Jim called this the new reason to own AMD. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, MI300X, Lisa Su, Su, —, Ben Reitzes, Jim Cramer Organizations: Devices, AMD, Charitable Trust, Broadcom, VMWare, Oracle, Club, Microsoft, Micron, Taiwan Semiconductor Manufacturing Company, Nvidia, Silo, Melius, FactSet, IDC, Gartner, CNBC Locations: Europe, Wednesday's Homestretch

☆ Live Election Updates: G.O.P. Convention to Open as F.B.I. Hunts for Would-Be Assassin’s Motive
▼ + stars: | 2024-07-15 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +9 min

There is no place in America for this kind of violence — for any violence ever, period. “I’m sincerely grateful that he’s doing well and recovering,” Mr. Biden said. And the White House said that Mr. Biden would keep his campaign events in Las Vegas. Mr. Biden will speak at an NAACP conference on Tuesday and a UnidosUS conference on Wednesday, even as Mr. Trump and his party hold the Republican convention in Milwaukee. In both sets of remarks on Sunday, Mr. Biden made a plea that — if recent history is any guide — seemed unlikely to be heeded by activists on either side of the nation’s increasingly bitter divide.

Persons: Biden’s, Donald J, Trump, Let’s, Biden, ”, “, —, Rutherford B, Hayes, Lester Holt, Trump’s, “ I’m, he’s, ” Mr, “ Jill, That’s, Kamala Harris, General Merrick B, Garland, Mr, Lyndon Baines Johnson, Harris, Holt, Nicholas Nehamas Organizations: Republican National Convention, Resolute, Republicans, Trump, Democratic, NBC, Democratic National Committee, Mr, Service, Republican, White, NAACP Locations: American, America, United States of America, Milwaukee, Butler County, Pa, Austin , Texas, Palm Beach County, Fla, Austin, Las Vegas

☆ NATO allies are discussing reclaiming some Chinese-owned infrastructure in Europe
▼ + stars: | 2024-07-11 | by ( Kayla Tausche | Kylie Atwood | ) edition.cnn.com time to read: +5 min

CNN —NATO officials are discussing taking action to reclaim some Chinese-owned infrastructure projects in Europe should a wider conflict with Russia break out in the east of the continent, three officials involved in the discussions told CNN. A decade ago, when Europe was still crawling out of the economic crater caused by the global financial crisis, the promise of infrastructure funding from Chinese-owned investment firms seemed like a major windfall. The fear, according to one US official, is that Beijing could use the infrastructure it owns in Europe to provide material assistance to Russia if the conflict were to expand. The discussions reflect an increasing focus on China by the NATO alliance. A NATO official said that if a war erupted, the infrastructure “would almost certainly be nationalized, or nations would temporarily assume operating control, under emergency security measures.

Persons: Antony Blinken, Kishida, ” Blinken, Jens Stoltenberg, CNN’s Natasha Bertrand Organizations: CNN, NATO, Washington, Moscow, Beijing, Initiative, Helsinki Shipyard –, US, Ukraine, European Union Locations: Europe, Russia, Ukraine, Beijing, China, NATO, Eastern Europe, Baltic, Finland, Canada, Japan, East Asia, South Korea, Australia, New Zealand, France, Washington

☆ Former GOP Sen. Jim Inhofe, famous for throwing a snowball in the Senate chamber, dead at 89
▼ + stars: | 2024-07-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Former Sen. Jim Inhofe, a Republican from Oklahoma, has died at age 89, Tulsa World and Politico report. AdvertisementThe Oklahoma Republican first became chairman of the Senate Environment and Public Works Committee in 2003, and served as the committee's top Republican until 2017. Inhofe's position as chair of the environmental committee offered him a prominent platform from which he denied the science behind climate change. But despite his record on climate change, Inhofe notably had a warm friendship with his counterpart Boxer, a liberal Democrat who was outspoken about the need to address climate change. Advertisement"Jim is a climate change denier, he is really, really conservative," said Sanders, noted that even praising Inhofe had the potential to "probably ruin his political career."

Persons: Sen, Jim Inhofe, Kay, David Boren, Inhofe, John McCain's, Democratic Sen, Barbara Boxer of, Tom Williams, Al Gore, who's, Al Gore's, Boxer, Mitch McConnell, Boxer's, Independent Sen, Bernie Sanders of, Sanders Organizations: Service, Republican, Tulsa, Politico, Senate, Business, State, Senate Armed, Committee, Democrats, Democratic, Environment, Public, Oklahoma, of, Oklahoma Republican, Senate Environment, University of East, ABC News, Democrat, Associated Press, Independent, firebrand Locations: Oklahoma, Barbara Boxer of California, Iowa, Tulsa, University of East Anglia, United Kingdom, Flint , Michigan, Bernie Sanders of Vermont

☆ The most common type of EV battery is a growing source of 'forever chemical' pollution, scientists say
▼ + stars: | 2024-07-08 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Scientists have uncovered a new source of hazardous "forever chemical" pollution: the rechargeable lithium-ion batteries found in most electric vehicles. Some lithium-ion battery technologies use a class of PFAS chemicals, or per-and polyfluoroalkyl substances, that helps make batteries less flammable and conduct electricity. Scientists tested more than a dozen lithium-ion batteries used in EVs and consumer electronics like laptops, and found bis-FASIs at various concentrations. They can also leach into the environment from landfills, where the majority of lithium-ion batteries end up. AdvertisementThe study said only about 5% of lithium-ion batteries are recycled, and by 2040, there could be some 8 million tons of lithium-ion battery waste.

Persons: They've, Jennifer Guelfo, PFAS, Lee Ferguson, Guelfo, PFOA, hasn't, Corteva Organizations: Service, Nature Communications, Business, Texas Tech University, Duke University, Environmental Protection Agency, Solvay, Chemours, DuPont Locations: US, Belgium, France, Minnesota , Kentucky, Antwerp, Salindres

☆ Amazon's amazing turnaround: How Andy Jassy secretly wooed Wall Street and overhauled a bloated tech giant
▼ + stars: | 2024-07-08 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.

Persons: —, Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle

☆ A $1.9 million Nantucket beach property sold for $200K after parts of it got swallowed by the sea
▼ + stars: | 2024-07-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

A $1.9 million beach house sold for $200,000 after parts of the land were swallowed by the sea. Owner Jane Carlin sold the Nantucket property to a neighbor who knows it's on borrowed time. Offering homes at risk for free has become common practice due to the removal cost. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. According to the local outlet, Jane Carlin and her husband, Ben Gifford, bought the beach house in 1988 on the western end of Nantucket, a crescent-shaped island 30 miles off the coast of Cape Cod, Massachusetts.

Persons: Jane Carlin, Ben Gifford Organizations: Service, Nantucket Current, Business Locations: Nantucket, Cape Cod , Massachusetts

☆ Media, tech titans head for Sun Valley with streaming alliances top of mind
▼ + stars: | 2024-07-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.

Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta

☆ Hotels and offices are using an AI tool that scans what they throw in the trash to reduce their food waste and cut costs
▼ + stars: | 2024-07-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Hotels are reducing how much food they waste at their breakfast buffets by installing AI-powered cameras above their kitchen trash cans. Of this, nearly 30% was wasted in the food service sector. Food loss in the supply chain and food waste generate almost five times the total greenhouse gas emissions from the aviation sector, per the UNEP. Reducing food waste can boost a company's eco credentials — and cut costs. Winnow's clients include hotels, cruise lines, universities, and food service companies that provide professional catering services.

Persons: they're, Marc Zornes, Winnow, Zornes, Hilton, Sebastian Nohse, Hilton EMEA's, didn't, Nohse, Paul Fairhead Organizations: Service, Business, Chefs, United Nations Environmental, UNEP, Guckenheimer, United Arab Emirates Locations: East

☆ Media network Group Black faces a leadership in flux
▼ + stars: | 2024-07-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

All in all, Group Black said it planned to deploy $500 million in Black-owned media by the end of 2022. Some brands have provided updates on their commitments since, but gains by Black-owned media companies have been uneven overall. Group Black's idea was to help steer ad dollars to its member companies and use some of the ad dollars to buy stakes in media companies. It listed among its founding member companies Essence, which is part of Dennis' company, Sundial Media; podcast company Pod Digital Media; and lifestyle media company She Media. Various outlets also reported that Group Black sought to acquire stakes in media companies including Sports Illustrated publisher Arena Group and Vox Media.

Persons: —, Travis Montaque, Montaque, Montaque hasn't, Kerel Cooper, Dan Bisgeier, Delida Costin, Mike Owen, Ryan Robertson, Marchelle Wright, Ashley Banks, Cooper, Holler, Richelieu Dennis, Bonin, Black, George Floyd, Breonna Taylor, Ursula Burns, Fortune, Seth Kaufman, Moët Hennessy, Dennis Organizations: Service, Business, Black, Xerox, Moët Hennessy North America ., Media, Pod Digital Media, Sports, Arena, Vox Media Locations: Black

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