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☆ Why corporate America can't stay silent on Hamas's October 7 attacks on Israel
▼ + stars: | 2023-10-20 | by ( Elliott Gotkine | ) edition.cnn.com time to read: +4 min

London CNN —From ESG investing (Blackrock), to gay rights (Disney), to Donald Trump after the Capitol riots (mainstream corporate America), companies routinely take a stand. But when the barbarous scale of Hamas’s October 7 attacks on Israel became clear, staying silent ceased to be an option. “Saying nothing speaks to cowardice,” said Jeffrey Sonnenfeld, a professor at the Yale School of Management who focuses on corporate leadership among other issues. All in, around 80 household-name companies in America have condemned the Hamas attacks, as tracked by Sonnenfeld who maintains a list. “Not taking a stand is taking a stand,” Susan, who served in the Israeli special forces, told CNN.

Persons: Donald Trump, Colin Kaepernick, Bud Light’s, ”, Jeffrey Sonnenfeld, “, Satya Nadella, ” Sundar Pichai, Sonnenfeld, , Paddy Cosgrove, Israel, Sundar Pichai, Israel Jose Luis Magana, Susan, ” Susan, ” Richard Griffiths, Citigate Dewe Rogerson, ” Griffiths Organizations: London CNN, Blackrock, America, Nike, Yale School of Management, Microsoft, Google, ” Disney, Tottenham Hotspur Football Club, Web, Eclipse, CNN, “, London Locations: Israel, America, United States, United Kingdom, Gaza, Ukraine, ”, Russia

Like many other Black Protestant churches, Calvary Baptist struggled economically during the coronavirus pandemic. But the church has transformed its parking lot to accommodate game-day fundraisers, with volunteers from the congregation staffing the lots and selling spaces for $15 per vehicle. All 250 parking spaces at the Calvary lot were full when Messi’s Inter Miami played the Union. Sometimes, rival fans park at the church. The church parking lot is often full on game days.

Persons: Martin Luther King Jr, Keith Dickens, Calvary, ”, Dickens, Lionel Messi, Jeffrey Scholes, “, Scholes, ” Scholes, King, ” Abe Gitterman, Lisa Lewis, Leslie Cranford, RVs —, Jones, Cranford, Kevin Ness, Jill Connerym, Connery, Taylor, Kevin Ulmet Organizations: Eagles, NFL, Calvary Baptist Church, Major League Soccer, Philadelphia Union, Subaru, Union, Calvary Baptist, Green Bay Packers, MLS, Messi’s Inter Miami, Sports, Chester’s Crozer Theological Seminary . Chester, John’s United Methodist Church, Texas Tech, Red Raiders, T, ”, Christian Science Church, Red Sox, Christian, Christian Science, Bethany Church, Packers, Nashville, Church, Nazarene, Nissan, Tennessee Titans, Lilly Endowment Inc, AP Locations: CHESTER, Pa, Philadelphia, Delaware, Calvary, Lubbock , Texas, St, Boston, Fenway, Green Bay , Wisconsin, Nashville, Haiti, Kenya, “

☆ Home-Sales Report to Show How Much High Rates Squeezed Market
▼ + stars: | 2023-10-19 | by ( Nicole Friedman | ) www.wsj.com time to read: +1 min

The housing market is facing a combination of elevated mortgage rates and high prices. Photo: Brandon Bell/Getty ImagesThursday’s home sales report will show how the housing market is responding to soaring mortgage rates. Home sales have trended sharply lower as mortgage rates rose to the highest level since 2000. The National Association of Realtors is scheduled to release the September existing-home sales report at 10 a.m. Eastern time Thursday. High rates are also limiting the inventory of homes on the market because homeowners with low rates are unwilling to sell and move.

Persons: Brandon Bell, Freddie Mac, WSJ's Jeffrey Sparshott Organizations: Wall, National Association of Realtors, Time

☆ Starboard CEO makes case for spinning off real estate assets from WSJ owner News Corp
▼ + stars: | 2023-10-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

– in particular to see its real estate business separated from the rest of the company. Smith said News Corp. should split out its real estate assets, including an interest in REA Group of Australia. On Tuesday, Smith called out the valuation discrepancies between the news and real estate businesses. Meanwhile, News Corp.'s real estate assets trade at eight-times, he said. "It's a great business, a great asset, it's just too cheap," Smith said of News Corp.'s stock price.

Persons: Jeffrey Smith, CNBC's David Faber, Smith, Murdoch, It's, it's Organizations: News Corp, –, REA Group of Australia . News Corp, Dow Jones, Wall Street, New, CNBC, Reuters, Street, Fox Corp, New York Times Locations: New York

☆ DJ D-Sol out! Goldman Sachs CEO David Solomon steps away from controversial spinning gig
▼ + stars: | 2023-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Goldman Sachs chief executive (and noted party DJ) David Solomon will no longer perform at high-profile events, picking Wall Street over South Beach, a representative from the second-largest investment bank confirmed to CNN. Solomon, who performed under the alias DJ D-Sol, began spinning tracks at festivals and in night clubs a few years ago. “David [Solomon] doesn’t work to play diplomat,” Jeffrey Sonnenfeld, who runs Yale School of Management’s Chief Executive Leadership Institute, recently told CNN. And while shares of Goldman Sachs (GS) may be down by more than 8.4% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Goldman Sachs, David Solomon, “ David, ”, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, Doja, Andrew Cuomo, it’s, Marcus, ” Jeffrey Sonnenfeld, they’re, “ Organizations: New, New York CNN, CNN, New York State Department of Health, Financial, Yale School of Management’s, Leadership Institute, Revenue Locations: New York, South Beach, Dua Lipa

☆ Starboard Value's Jeff Smith unveils his newest ideas, including a push for News Corp spinoff
▼ + stars: | 2023-10-17 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Starboard Value's Jeff Smith on Tuesday presented his newest investment ideas across different industries. "If management can successfully execute on a margin improvement plan, we believe GoDaddy shareholders will be meaningfully rewarded," he said. GoDaddy shares are up only about 1% this year, significantly underperforming the broader market. "If management can successfully execute on a margin improvement plan, we believe GoDaddy shareholders will be meaningfully rewarded," he said. GoDaddy shares are up only about 1% this year, significantly underperforming the broader market.

Persons: Jeff Smith, Smith, Dow Jones, Fortrea, Jeffrey Smith, David Paul Morris Organizations: 13D, News Corp, Dow, Group, Bloomberg, Getty Locations: New York City, Australia

☆ Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation
▼ + stars: | 2023-10-16 | by ( Abinaya V | ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid, which began as a thrift shop in 1962, became the third largest U.S. chain of drugstores in less than two decades with more than 2,000 retail stores in 17 states. Rite Aid had a total debt of $8.60 billion as of June 3, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey, some of which is due in 2025. It said it will transfer employees at underperforming stores that would be closed to other locations where possible. Rite Aid joins several companies, including Mallinckrodt, that have filed for bankruptcy due to lawsuits over the U.S. opioid crisis.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Simon Cameron, Moore, Arun Koyyur Organizations: REUTERS, Rite, U.S, Bankruptcy, District of, Aid, Thomson Locations: New York City , New York, U.S, United States, District of New Jersey, Bengaluru

Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

☆ The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | Grace Dean | ) www.businessinsider.com time to read: +5 min

Rite Aid filed for voluntary Chapter 11 bankruptcy on Sunday following slumping sales and a series of lawsuits. Rite Aid, which has over 47,000 employees, has struggled in recent years to compete against larger peers like CVS and Walgreens Boots Alliance, as well as Amazon. Rite Aid has faced growing competition from direct-to-consumer pharmacy startups as well as medication deliveries from the likes of Amazon and Uber. Rite Aid also experienced supply chain challenges after changing supplier for many of its perishable consumer goods and shrink "continued to be a significant headwind," Burr said. Representatives for Rite Aid did not immediately respond for Insider's request for further comment beyond sending statements about Stein's appointment and its Chapter 11 bankruptcy filing.

Persons: it's, —, Jeffrey S, Stein, Elizabeth Burr, Heyward Donigan, Donigan, Burr, there'd Organizations: Service, Rite, Walgreens Boots Alliance, Rite Aid, pharma, Aid, Discount, Rite Aid Corporation, PayLess, Walgreens, Albertsons, New York Times Locations: New Jersey, Scranton , Pennsylvania

A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. Rite Aid also said lenders agreed to provide $3.45 billion in new funding to "provide sufficient liquidity" as it embarks on its restructuring plan. During its most recent quarter ended June 3, revenue fell to $5.6 billion, down from $6.01 billion in the year-ago period. Rite Aid Chairman Bruce Bodaken said in a statement, "Jeff is a proven leader with a strong track record of guiding companies through financial restructurings.

Persons: hasn't, Jeffrey Stein, Elizabeth Burr, Bruce Bodaken, Jeff, Stein Organizations: New York City . Rite Aid, Aid, Rite Locations: Brooklyn, New York City, New Jersey

PHILADELPHIA (AP) — Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids. The plan will “significantly reduce the company's debt” while helping to “resolve litigation claims in an equitable manner,” Rite Aid said. The Justice Department acted after three whistleblowers who had worked at Rite Aid pharmacies filed a complaint. Earlier this month, Rite Aid notified the New York Stock Exchange that it was not in compliance with listing standards.

Persons: Jeffrey Stein, Elizabeth Burr Organizations: PHILADELPHIA, —, Rite Aid, Aid, Justice Department, The, New York Stock Exchange, U.S . Securities, Exchange Locations: — Major, New Jersey

☆ Stocks making the biggest moves premarket: Pfizer, Lululemon, Manchester United, Rite Aid and more
▼ + stars: | 2023-10-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Pfizer , Moderna , BioNTech — Shares of Pfizer dropped 1.3% after the company slashed its full-year revenue guidance by $9 billion, noting waning demand for its Covid treatment and vaccine. Following the guidance cut, Jefferies upgraded Pfizer on Monday, citing an attractive buying opportunity. Vaccine markers Moderna and BioNTech also dropped premarket, losing 4.1% and 5%, respectively. Colgate-Palmolive — The consumer products stock gained more than 1% in premarket trading after Stifel upgraded Colgate-Palmolive to buy from hold. The firm cited the stock's attractive valuation and the rapid and profitable growth of TAL's non-academic tutoring business as catalysts.

Persons: Jefferies, BioNTech, premarket, Morgan Stanley, Jim Ratcliffe, Jeffrey Stein, Dow, Charles Schwab, CNBC's Hakyung Kim, Jesse Pound, Tanaya Macheel, Michelle Fox Theobald, Lisa Han Organizations: Pfizer, Moderna, BioNTech, Colgate, Palmolive, Manchester United, Wall Street, . Rite, Dow Jones, Activision, Microsoft, TAL Education Group, UBS Locations: New Jersey

☆ Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid has also reached an in-principle agreement with some of its senior secured noteholders that would significantly reduce its debt. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process, Rite Aid said.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Stein, Burr, noteholders, Abinaya Vijayaraghavan, Mariam Sunny, Sriparna Roy, Shweta Agarwal, Pooja Desai Organizations: REUTERS, Rite Aid Corp, U.S, Aid, Walgreens Boots Alliance, CVS Health, MedImpact Healthcare Systems, Solutions, Rite Aid, Bankruptcy, District of, Thomson Locations: New York City , New York, U.S, District of New Jersey, Bengaluru

☆ Rite Aid just filed for bankruptcy and could be closing more of its 2,100 stores
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

Rite Aid filed for bankruptcy in New Jersey on Sunday. AdvertisementAdvertisementRite Aid filed for voluntary Chapter 11 bankruptcy in New Jersey on Sunday — a move that could see the drugstore chain close more of its 2,100 stores. Rite Aid has received a commitment for $3.45 billion in new financing from some of its lenders. AdvertisementAdvertisementIn March, the US Justice Department sued Rite Aid, accusing the company of missing "red flags" when pharmacists filled opioid prescriptions. A company spokesperson told the Wall Street Journal: "We expect to negotiate a resolution of the opioid-related lawsuits with the various parties involved."

Persons: —, Jeffrey S, Stein, Elizabeth Burr Organizations: Service, Aid, US Justice Department, Rite Aid, Wall Street Locations: New Jersey

☆ An American Puzzle: Fitting Race in a Box
▼ + stars: | 2023-10-16 | by ( K.K. Rebecca Lai | Jennifer Medina | ) www.nytimes.com time to read: +18 min

1790 1850 1890 1950An American Puzzle: Fitting Race in a Box Census categories for race and ethnicity have shaped how the nation sees itself. Ever since the census began measuring the U.S. population, race has been central to the counting. Closer look at one of the pages from the 1790 census, with the race categories circled in red. Historically, some edits to census race boxes reflected changes in policy or public sentiment. 1790 census All other free persons Free white males Free white females Slaves All other free persons Free white females Free white males Slaves All other free persons Free white males Free white females Slaves Source: 1790 United States Federal Census: New YorkThe census counted each enslaved worker as three-fifths of a person, reflecting a compromise that granted enslavers more political representation.

Persons: —, Biden, ”, Roberto Ramirez, Mark X, Barack Obama, Naomi Mezey, enslavers, “, Ms, Mezey, Jeffrey S, Evan Shepard Organizations: U.S, Community, U.S . Census, Georgetown University, United, . Census, Census Bureau, Pacific Islanders, Puerto Ricans, Geographic, Pew Research Center, Latinos, Saudi Arabian, Biden administration’s, Management, Budget, Advocacy Foundation Locations: United States, America, China, Puerto Rican, U.S, Spanish, Kansas, Kenya, York, American, “, Alaska, Massachusetts, Japan, Korea, Asia, Hawaii, Mexico, Panama, Chile, Mexican, Southwest, Puerto, Northeast, Florida, Eastern, Algerian, Kurdish, Kuwaiti, Lebanese, Moroccan, North, Palestinian, Saudi, Somali, Sudanese, Syrian

☆ Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources
▼ + stars: | 2023-10-13 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The fund's plans and the size of its stake in News Corp could not be learned. News Corp declined to comment and Starboard did not respond to a request for comment. Starboard, which has pushed for changes at companies ranging from Salesforce (CRM.N) to Darden Restaurants (DRI.N), would struggle to shake up News Corp without Murdoch's consent. Irenic did succeed in drumming up investor opposition to Murdoch's proposed merger with his other company Fox Corp (FOXA.O), forcing him to abandon the plan. Reporting by Svea Herbst-Bayliss in New York Editing by Greg Roumeliotis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupert Murdoch, Lachlan Murdoch, Bing Guan, Jeffrey Smith, Rupert Murdoch's, Smith, Murdoch, Dow Jones, Irenic, Murdoch's, Lachlan, Svea Herbst, Bayliss, Greg Roumeliotis, David Gregorio Our Organizations: News Corporation, News Corp, Fox, REUTERS, 13D, Investment, New York Times Co, Darden, Corp, Irenic Capital Management, Wall Street, Fox Corp, Reuters, Svea, Thomson Locations: New York, U.S

☆ Starboard Value's Jeff Smith says companies are more receptive to activists like him
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeffrey Smith, one of the busiest activist investors for two decades, said companies have grown more receptive to voices like him. Smith also sought a turnaround at pizza chain Papa John's in 2019 at a tumultuous time for the company . The Starboard CEO was even active during the Covid-19 pandemic . We're simultaneously respected and feared inside companies," Smith said. "More often than not, now the conversations are highly constructive and respectful and relatively easy," Smith said.

Persons: Jeffrey Smith, Smith, …, we've, I'm, We're Organizations: CNBC's Financial, Olive, Darden, Mercury Systems, Wharton Locations: New York

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

☆ Trade ties between China and the EU are 'at a crossroads' over Russia's war in Ukraine, senior official warns
▼ + stars: | 2023-09-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

China's relations with the EU are "at a crossroads," a senior official said. The FT reported comments from Valdis Dombrovskis on China's support for Russia's war in Ukraine. "We can choose a path towards mutually beneficial relations...or we can choose a path that slowly moves us apart." Given Beijing's support of states' territories, he said "it's very difficult for us to understand China's stance on Russia's war against Ukraine, as it breaches China's own fundamental principles." China, for its part, has deepened its trade ties to Russia over the last year.

Persons: Valdis, Valdis Dombrovskis, Dombrovskis, Jeffrey Sonnenfeld Organizations: Service, European Union, European Commission, Financial, Ukraine, Yale Locations: Ukraine, Wall, Silicon, Beijing, China, Russia

☆ A judge said he was 'flabbergasted' by a 'frankly childish' dispute between 2 New York property bosses
▼ + stars: | 2023-09-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

The cofounders of Arch Companies tried to fire each other amid accusations of misappropriating funds. "I'm really kind of flabbergasted by this," said a New York judge in response to their spat. "I'm really kind of flabbergasted by this," New York Judge Joel Cohen said of the firing at a recent hearing, The Real Deal reported. Nonetheless, the judge maintained in a hearing earlier this week that the two "seem to me to be frankly childish." Arch Companies did not immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Jeffrey Simpson, Jared Chassen, Simpson, Chassen, NurPhoto, Oak, JJ Arch, Joel Cohen Organizations: Arch Companies, Service, Companies, Simpson, York Locations: New York, Wall, Silicon, York, Greenwich, SoHo , Brooklyn, Queens, Toronto, Simpson

☆ Why former Goldman Sachs partners say they left the firm
▼ + stars: | 2023-09-20 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +23 min

Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.

Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago

☆ Biden plans to work with world leaders to ensure AI's use as a tool of 'opportunity'
▼ + stars: | 2023-09-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

"Emerging technologies such as artificial intelligence hold both enormous potential and enormous peril," Biden said at the U.N. on Tuesday. "We need to be sure they're used as tools of opportunity, not as weapons of oppression. The discussion is taking place with the backdrop of an intense competition with China, which is also seeking to be a world leader in the technology. In the meantime, several agencies have asserted their ability to rein in the abuses of AI with existing legal power. The Biden administration has also secured voluntary commitments from leading AI companies to test their tools for security before they release them to the public.

Persons: Joe Biden, Biden, Chuck Schumer, Elon Musk, Mark Zuckerberg, Schumer, Jeffrey Sachs Organizations: United Nations General Assembly, European Union, National Institute of Standards, Technology, U.S . Department of Commerce Locations: United States, U.S, China, Russia

It marked the longest a genetically modified pig kidney has ever functioned inside a human, albeit a deceased one. “Two months is a lot to have a pig kidney in this good a condition. Political Cartoons View All 1160 ImagesSo-called xenotransplantation attempts have failed for decades — the human immune system immediately destroyed foreign animal tissue. Montgomery gambled that maintaining Miller's body on a ventilator for two months to see how the pig kidney worked could answer some of those questions. She recently got a card from a stranger in California who's awaiting a kidney transplant, thanking her for helping to move forward desperately needed research.

Persons: gurney, Maurice “ Mo ” Miller, “, Dr, Robert Montgomery, Montgomery, ”, Mary Miller, Duffy, Miller, ” Miller, Sue Duffy, Montgomery’s, immunologist Massimo Mangiola, Jeffrey Stern, Karen Maschke, Mangiola Organizations: NYU Langone, Food and Drug Administration, Associated Press, University of Maryland, FDA, NYU, Hastings Center, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Newburgh , New York, California

LONDON, Sept 14 (Reuters) - Russia said on Thursday it was expelling two U.S. diplomats whom it accused of working with a Russian national charged with collaborating with a foreign state. "The named people conducted illegal activity, maintaining contact with Russian citizen R. Shonov, accused of 'confidential cooperation' with a foreign state," the Russian statement said. In its statement, the Russian Foreign Ministry said Shonov had been paid to complete tasks aimed at damaging Russia's national security. Relations between Russia and the United States have plunged to their worst point for more than 60 years because of the war in Ukraine. The United States is providing advanced weaponry to Ukraine and has hit Russia with sanctions in response to its invasion in February 2022.

Persons: Lynne Tracy, Jeffrey Sillin, David Bernstein, Shonov, Robert Shonov, Sillin, Bernstein, Tracy, Andrew Heavens Organizations: Foreign Ministry, State Department, U.S . Consulate, United, Russian Foreign Ministry, Thomson Locations: Russia, Russian, U.S, Washington, Vladivostok, Ukraine, United States, Moscow

☆ Everything you need to know about UAW's targeted strike plans – and possible lockouts
▼ + stars: | 2023-09-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Targeted, or bottleneck, strikes are an alternative to national actions in which the union only strikes select plants. Targeted strikes typically focus on key plants that can then cause other plants to cease production due to a lack of parts. They include initiating targeted strikes at select plants and then potentially increasing the number of strikes based on the status of the negotiations. "We will strike all three companies, a historic first, initially at a limited number of targeted locations that we will be announcing. While "historic," the targeted strikes could have unintended ripple effects.

Persons: Shawn Fain, Rebecca Cook, Fain, Dennis Devaney, Clark, Devaney, Plant, Jeffrey S, Kopp, Lardner, everything's, UAW hasn't, Ben Dictor, Dictor Organizations: United Auto Workers, Sterling Heights Assembly, Reuters DETROIT, Ford, General Motors, UAW, NLRB, GM, Exxon Mobil, Foley, Detroit, National Labor Relations Board Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Texas, Michigan

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