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☆ French election shock hits stocks and the euro
▼ + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.

Persons: Emmanuel Macron, Macron, Générale, “, ”, Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, —, France

☆ Ukraine says deep drone strike destroys rare Russian Su-57 stealth fighter
▼ + stars: | 2024-06-10 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

CNN —Ukraine’s military on Sunday said it had destroyed one of Russia’s newest and most advanced fighter jets in a drone strike on a military base deep inside Russia. Ukrainian forces said they successfully destroyed one of Russia's most advanced combat jets, SU-57, in a drone strike on a military base deep inside Russia. Flight Global’s “World Air Forces 2024” directory lists 14 Su-57s as active and another 62 as on order. TASS reported in 2022 that Russian forces will receive a total of 22 Su-57s by the end of this year. If the reports of the Ukrainian drone strike deep inside Russia prove true, it marks another success of Kyiv’s low-cost drones taking out high-value Russian assets.

Persons: CNN —, Sukhoi Su, ”, Oleg Nikishin, Sergey Shoigu, Su, ” Shoigu, GUR, Jill Dougherty, “, ” Dougherty Organizations: CNN, NATO, Air, Russian, Ukrainian, Ukraine, TASS, Air Forces, Russian Aerospace Forces, Foreign Policy Research Institute, Institute for Locations: Russia, Astrakhan, Ukraine, Western, Zhukovskiy, Syria, Russian, Moscow

☆ Frightening Log From Titan Submersible’s Fatal Dive Declared a Fake
▼ + stars: | 2024-06-10 | by ( William J. Broad | ) www.nytimes.com time to read: +1 min

Last year, a purported transcript of communications between the Titan submersible and its mother ship circulated widely on the internet. But the head of the U.S. federal government team investigating the disaster said that the entire transcript is a fiction. Two miles down, where seawater exerts vast pressures, an implosion would have made the violent collapse of the vehicle’s hull instantaneous. Despite the log’s air of authenticity, the federal team saw through the pretense for a variety of reasons. Significantly, Mr. Neubauer’s team gained access to the records of the actual communications between the submersible and its mother ship, which remain an undisclosed part of the federal investigation.

Persons: ”, Jason D, Neubauer, Neubauer’s Organizations: Titan, U.S, U.S . Coast Guard, Marine Board of Investigation

☆ M.T.A. Will Push to Run Subway Safely With Toll Plan Halted, Chief Says
▼ + stars: | 2024-06-10 | by ( Ana Ley | Ed Shanahan | ) www.nytimes.com time to read: +1 min

The chief executive, Janno Lieber, said the agency, the Metropolitan Transportation Authority, would emphasize “basic stuff to make sure the system doesn’t fall apart” after Gov. Kathy Hochul’s abrupt move last week to halt a congestion-pricing plan that was to finance capital projects. Mr. Lieber, speaking at a news conference where he was joined by a group of grim-faced authority executives, said Ms. Hochul’s decision would force the M.T.A. to shrink its current capital budget, and could potentially affect its next budget and even ripple into day-to-day operations. Among the future projects at risk was the next phase of the Second Avenue Subway line, he said.

Persons: Janno Lieber, Kathy Hochul’s, Lieber, Hochul’s Organizations: Metropolitan Transportation Authority Locations: New York

☆ FDA issues warning against 'microdosing' chocolate bars that sent 6 to the hospital
▼ + stars: | 2024-06-09 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

The FDA is investigating Diamond Shruumz-brand microdosing chocolate bars. Eight people fell ill after consuming the product, the agency said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEight people in four states fell ill after consuming Diamond Shruumz-brand microdosing chocolate bars, the FDA said on Friday.

Persons: Diamond, —, Microdosing, It's, they've Organizations: FDA, Service, Business Locations: Silicon Valley

☆ US Coast Guard investigation underway after ship collides with underwater object, takes on water in Lake Superior
▼ + stars: | 2024-06-09 | by ( Fabiana Chaparro | ) edition.cnn.com time to read: +1 min

CNN —US and Canadian officials are investigating after a 689-foot ship collided with an underwater object and began taking on water in Lake Superior, the US Coast Guard says. The merchant ship was carrying taconite, a low-grade iron ore, the Coast Guard said on X. Half of the ship’s 22-person crew was removed from the vessel after the incident, according to a news release. The US Coast Guard and Transport Canada will conduct marine casualty investigations to determine if the hull damage was caused by the ship running aground, hitting a fixed or floating object, hull failure or a combination of these, according to Thomas. The ship departed Two Harbors, Minnesota, on Friday and was headed to Thunder Bay in Canada, according to MarineTraffic.com.

Persons: Michipicoten, Lorne Thomas, Thomas Organizations: CNN, US Coast Guard, Coast Guard, Ninth Coast Guard District, Transport Locations: Lake Superior, Isle Royale, Thunder Bay , Ontario, Transport Canada, Harbors, Minnesota, Bay, Canada

Former President Donald J. Trump, who was convicted last month on 34 felony counts of falsifying business records, is expected to have a virtual interview with a New York City Probation Department official on Monday, three people with knowledge of the matter said. The interview is required as the agency prepares a sentencing recommendation for the judge in the case. Mr. Trump will be in his home at Mar-a-Lago in Palm Beach, Fla., for the virtual meeting — his first with a probation official since he became the first U.S. president to be convicted of a felony. A jury in Manhattan found him guilty on May 30 in a hush-money case stemming from a payment that Mr. Trump’s then-fixer, Michael Cohen, made to Stormy Daniels, a porn star who said she had a sexual encounter with Mr. Trump in 2006. The payment came in the final days of Mr. Trump’s 2016 presidential campaign, and the creation of 34 false business records to cover up Mr. Trump’s reimbursement of Mr. Cohen came in early 2017, after he was elected.

Persons: Donald J, Trump, Trump’s, Michael Cohen, Stormy Daniels, Cohen Organizations: New, Department, Mar Locations: New York City, Palm Beach, Fla, Manhattan

☆ Behind Boeing's decade-long struggle to launch astronauts on Starliner
▼ + stars: | 2024-06-08 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

Boeing 's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program. "The entirety of the Commercial Crew Program was very much a new venture," said Caleb Henry, director of research at Quilty Space. Of the nearly $5 billion Boeing has received to develop Starliner to date, the company has spent $1.5 billion to cover delay overruns. SpaceX, meanwhile, has completed over a dozen crewed missions to space, launching both NASA astronauts and private citizens since 2020.

Persons: Caleb Henry, Henry, it's Organizations: Boeing, International Space Station, NASA, SpaceX, Elon

☆ US officials who resigned over Biden’s Gaza policy are working together to put pressure on admin
▼ + stars: | 2024-06-08 | by ( Jennifer Hansler | Kylie Atwood | ) edition.cnn.com time to read: +10 min

CNN —A group of US officials who publicly resigned over the Biden administration’s Gaza policy are banding together to support ongoing dissent and put pressure on the government to change course. Many of the officials who resigned publicly said they would instead seek to have an impact outside the government. Some of those who publicly resigned had particular breaking points; others said it was the collective toll of incidents throughout the conflict. Biden administration officials have said that they respect differences of opinions. Many officials told CNN they spoke with other officials who had resigned publicly to seek advice before going public with their own resignations.

Persons: Joe Biden, Josh Paul, Harrison Mann, Tariq Habash, Annelle Sheline, Hala Rharrit, Lily Greenberg, Alex Smith, Stacy Gilbert –, Josh Paul CNN “, ”, Paul, …, ” Mann, Gilbert, “, Israel, Stacey Gilbert, Stacey Gilbert “, ” Gilbert, Biden, Matthew Miller, Samantha Power, ‘, Smith, Mann, ” Smith, Alex Smith CNN, Greenberg, ” Lily Greenberg, didn’t, ” “, ” Greenberg Organizations: CNN, Biden, Israel, State Department, ”, US Agency for International Development, USAID, NPR, Interior Department, Army, Defense Intelligence Agency Locations: Gaza, Israel, –, United States

Nearly 78% of foreign-born men were in the labor force, compared to about 66% of native-born men. Foreign-born men had weekly earnings of $1,051, compared to $1,238 for native-born men, while foreign-born women had weekly earnings of $899, compared to $1,025 for their native-born counterparts. The foreign born were more likely to work in service, construction and maintenance jobs, among other occupations, which often pay less. Some 3.6% of the foreign born were unemployed last year – the same share as the native born. Just over 15% of foreign-born workers were White, and nearly 11% were Black.

Persons: Mario Tama Organizations: Getty, Foreign, of Labor Statistics, Labor Force, - Locations: American, Los Angeles , California, America

☆ Here’s what Gaza’s humanitarian aid crisis looks like after eight months of war
▼ + stars: | 2024-06-07 | by ( Rachel Wilson | Sana Noor Haq | ) edition.cnn.com time to read: +8 min

Here is a breakdown of how the aid crisis has deepened in the territory after 245 days of war. Crossing closures nearly halt all aidIsrael’s restrictions on land routes into Gaza meant aid was barely trickling into the strip. Aid workers say they can barely meet humanitarian demands on the ground. Israeli attacks on aid convoys have sparked fierce condemnation from rights groups, drawing attention to growing Western skepticism of Israel’s war in Gaza. The attacks “reveal fundamental flaws with the so-called deconfliction system, meant to protect aid workers,” according to the report.

Persons: ”, “, ” Raed Redwan, Louise Wateridge, it’s, Trucks, COGAT, Ahmad Salem, Wateridge, “ It’s, Mahmoud Shalabi, ” Mahmoud Shalabi, Shalabi, “ I’m Organizations: CNN, Gaza’s Ministry of Health, UN, US, Pentagon, UNRWA, United Nations, Bloomberg, Getty, Humanitarian Affairs, NGO, Aid, humanitarians, Relief, Human Rights Watch, HRW Locations: Deir al, Gaza, Palestinian, Israel, Rafah, Egypt, Kerem, Wadi Gaza, “

☆ FDA approves GSK's RSV vaccine for high-risk adults ages 50 to 59, expanding shot's reach
▼ + stars: | 2024-06-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

But the virus can also cause severe illness in adults 50 and up — or even younger — with underlying chronic conditions such as asthma, diabetes and congestive heart failure. GSK's shot won't reach that new patient population just yet. Safety data in adults ages 50 to 59 was also consistent with data in adults 60 and above, according to GSK. Regulatory agencies in Europe, Japan and other areas are currently reviewing GSK's application to expand Arexvy's approval to high-risk adults ages 50 to 59. GSK's shot is approved in nearly 50 countries, a spokesperson for the company told CNBC.

Persons: Phil Dormitzer, Dormitzer, Luke Miels, Arexvy, GSK's Organizations: Drug Administration, GSK, FDA, Centers for Disease Control, CNBC, CDC, Pfizer, Moderna, U.S Locations: British, Europe, Japan

☆ New US truck, SUV fuel economy rules much less stringent than original proposal
▼ + stars: | 2024-06-07 | by ( ) www.cnbc.com time to read: +3 min

President Joe Biden's administration on Friday finalized tighter fuel economy rules for trucks and sport utility vehicles through 2031 that are not as stringent as it first proposed, a federal agency said. Last year, NHTSA said its proposal to hike fuel economy standards through 2032 would cost the industry $14 billion in projected fines. In June 2023, Reuters first reported Stellantis and GM paid a total of $363 million in CAFE fines for failing to meet U.S. fuel economy requirements for prior model years. NHTSA said the rule will hike fuel economy to about 50.4 miles per gallon by 2031 from 29.1 mpg currently. "Those fines wouldn't have produced any environmental benefits or additional fuel economy and would've foolishly diverted automaker capital away from the massive investments required by the electric vehicle transition," Bozzella said.

Persons: Joe Biden's, Biden, John Bozzella, Bozzella, Dan Becker Organizations: Traffic Safety Administration, Detroit, NHTSA, General Motors, Chrysler, Ford Motor, Reuters, Alliance for Automotive Innovation, Center, Transport

☆ The Hubble Space Telescope makes a big change to keep observing the universe
▼ + stars: | 2024-06-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —The Hubble Space Telescope will transition to a new way of operating that aims to prevent the space observatory from experiencing lapses in its ability to observe the universe, according to NASA officials. The storied telescope, which has captured breathtaking images of the cosmos for 34 years, has traditionally operated using six gyroscopes. NASA's Hubble Space Telescope eyes the universe in May 2009 after one of the space shuttle missions to service the space observatory. Hubble is expected to operate into the mid-2030s, with its cosmic observations providing a complement to the work of the James Webb Space Telescope and future observatories that haven’t launched yet, Clampin said. “We do not see Hubble as being on its last legs,” Crouse said, “and we think it’s a very capable observatory.”

Persons: Mark Clampin, Hubble, Clampin, Patrick Crouse, Crouse, ” Clampin, James Webb, “, ” Crouse Organizations: CNN, Hubble, NASA, Astrophysics, NASA's Hubble, Goddard Space Flight, James Webb Space Telescope Locations: Greenbelt , Maryland

☆ Amazon, Best Buy, Google may soon sell home smart devices with 'hacker-safe' label
▼ + stars: | 2024-06-07 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

"Once a manufacturer receives certification for the Trust Mark, they will need additional time to retool their packaging, as well as shipping updated products from the manufacturer to retailers," he said. In 2024, according to research firm Statista, nearly 70 million homes in the U.S. are actively using smart devices, up more than 10% from last year. Staffers from Consumer Reports attended a White House meeting during which the Cyber Trust Mark program was announced. Barry Mainz, CEO of Forescout Technologies, a cybersecurity provider, says he is a big fan of the Cyber Trust Mark. Steps to take now to protect your home internetThere are actions consumers can take right now, before the Cyber Trust Mark program kicks in, to harden their cybersecurity.

Persons: Biden, Jessica Rosenworcel, Nicholas Leiserson, David Grossman, What's, Stacey Higginbotham, Higginbotham, Grossman, Barry Mainz, Mark — Organizations: Federal Drug Administration, National, Traffic Safety Administration, National Institute of Standards, Technology, NIST, Federal Communications Commission, U.S . Cyber, Energy Star, Cyber, Energy, Google, LG Electronics, Logitech, Samsung Electronics, FCC, Auburn University's, Institute, Consumer Technology Association, Park Associates, Consumer Reports, White, Survey, Consumer, Forescout Technologies Locations: U.S, Washington, Mainz

☆ US military’s Gaza pier has been repaired and reattached to beach
▼ + stars: | 2024-06-07 | by ( Natasha Bertrand | Haley Britzky | ) edition.cnn.com time to read: +5 min

CNN —The US military’s temporary pier off the coast of Gaza was repaired and reattached to the beach on Friday morning, after breaking apart and sustaining damage in heavy seas last week, the deputy commander of US Central Command said on Friday. “I’m very pleased to announce that earlier this morning, in Gaza, US forces successfully attached the temporary pier to the Gaza beach. Israeli Defense Force engineers provided all the necessary support to ensure the safe emplacement of the pier to the beach,” Vice Adm. Brad Cooper told reporters on Friday. The damage last week came after significant obstacles on distribution routes including Hamas drones and looting that delayed the deliveries. The pier’s construction came as the humanitarian situation in Gaza deteriorates and the death toll from Israel’s bombardment climbs.

Persons: “ I’m, Brad Cooper, “, ” Cooper, Cooper, ”, Chris Mewett, ” Mewett, Shania Shelton, Jennifer Hansler, Oren Liebermann, Alex Marquardt, Haley Britzky, Kylie Atwood, Michael Conte, Helen Regan Organizations: CNN, US Central Command, US, Israeli Defense Force, USAID, Royal Jordanian Air Force Locations: Gaza, Rafah

☆ Senators demand UnitedHealth own patient data hack
▼ + stars: | 2024-06-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

Federal law known as the Health Information Portability and Accountability Act (HIPAA) generally requires health care providers to notify people within 60 days of discovering a breach affecting their personal health data. The Department of Health and Human Services is already investigating whether UnitedHealth is compliant with HIPAA obligations to protect patient data. HHS can use HIPAA to fine companies for failing to protect patient data. The department announced a $4.75 million settlement in February with a nonprofit hospital system in New York for “data security failures” that the department said resulted in an employee stealing and selling patient data. On May 31, the HHS Office for Civil Rights clarified that health care providers can delegate that obligation to Change Healthcare.

Persons: Andrew, New Hampshire Democratic Sen, Maggie Hassan, Tennessee Republican Sen, Marsha Blackburn, ”, Eric Hausman, Hassan, Blackburn, Sen, Ron Wyden, UnitedHealth’s Organizations: Washington CNN, UnitedHealth, New, New Hampshire Democratic, Tennessee Republican, of Health, Human Services, CNN, HHS, Healthcare, Civil Rights, American Hospital Association, Optum, Capitol, Senate, Oregon Democrat, Federal Trade Commission, Securities and Exchange Commission, SEC Locations: New Hampshire, Tennessee, New York, Wyden

☆ How a Depression-era law could be used to make your booze cheaper
▼ + stars: | 2024-06-07 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Southern Glazer’s, based in Miami and operating in 44 US states, is the largest wine and spirits distributor in the United States. Abandoned antitrust law from 1936The FTC lawsuit, previously reported by Politico, could come in the next few weeks and would rely on the Robinson-Patman Act of 1936, the source said. That Depression-era law prohibits suppliers from providing deeper discounts to large chains than to smaller stores. At the time, the antitrust law was aimed at helping smaller grocers survive when A&P and other chains dominated with lower prices. However, a person familiar with the matter said Southern Glazer’s discounts are available to all retailers where permitted by state law.

Persons: Lina Khan, Beam, Robinson, it’s, McCormick, “ It’s, It’s, hasn’t, Alden Abbott, Trump, ’, ”, Abbott, George Mason University’s, “, Patman, Ed Schwartz, Reed Smith, Lee Hepner, Hepner, Chris Jones, Jones, Schwartz, Khan Organizations: CNN, Federal Trade Commission, Southern, Biden, FTC, Politico, Walmart, Patman, RPA, Congress, American Economic Liberties, National Grocers Association, Street Competition Coalition, Southern Glazer’s Locations: Miami, United States, Southern

☆ Live updates: Israel-Hamas war in Gaza, UN school strike, Lebanon border tensions
▼ + stars: | 2024-06-06 | by ( Jessie Yeung | ) edition.cnn.com time to read: +2 min

An Israeli soldier carries an injured comrade after projectiles were fired from Lebanon towards Israel, in Hurfeish, Israel, on Wednesday, June 5. In one clip, a paramedic can be seen carrying a uniformed Israeli soldier on his back toward an ambulance. According to the Israeli military, Wednesday saw approximately 30 rockets and drones launched from Lebanon towards Israel. "The [Israeli] strikes included terrorist infrastructure in Naqoura and Matmoura, Hezbollah military structures in Ayta ash Shab, and a Hezbollah observation post in Khiam," the military added. Tensions ramp up: Iran-backed-Hezbollah has increased attacks on Israel's border in recent months, saying they are in protest at Israel's war in Gaza.

Persons: Avi Ohayon, Israel’s, “, ” Anwar Maer, Tamar Michaelis Organizations: Reuters, Galilee Medical, Hezbollah Locations: Israeli, Lebanon, Israel, Hurfeish, Galilee, Nahariya, Naqoura, Matmoura, Khiam, Iran, Gaza

☆ Boeing Starliner docks with ISS, delivering its first NASA crew to space station
▼ + stars: | 2024-06-06 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Boeing's Starliner capsule is seen while approaching the International Space Station with two NASA astronauts on board on June 6, 2024. Boeing's Starliner capsule docked with the International Space Station on Thursday, a milestone for the company's crew spacecraft in a crucial test flight. The spacecraft docked with the ISS at 1:34 p.m. There are now two U.S.-built crew spacecraft docked with the ISS for the first time. The mission represents a final major step before NASA certifies Boeing to fly crew on operational missions.

Persons: Boeing's, Boeing's Starliner Organizations: NASA, International, Boeing, ISS Locations: U.S

☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ SpaceX launches fourth Starship test flight
▼ + stars: | 2024-06-06 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

SpaceX launched a fourth test flight of its Starship rocket on Thursday, as the company looks to push development of the mammoth vehicle past new milestones. Cheney Orr | ReutersSpaceX has flown the full Starship rocket system on three spaceflight tests previously, with launches in April 2023, November and March. Each of the test flights have achieved more milestones than the last, but each result destroyed the rocket before the flight's end. SpaceX will be looking to surpass the third test flight's milestones. "The primary objectives will be executing a landing burn and soft splashdown in the Gulf of Mexico with the Super Heavy booster, and achieving a controlled entry of Starship," SpaceX wrote.

Persons: Elon, SpaceX's, Cheney Orr, we've, Joe Skipper, it's Organizations: SpaceX, Elon Musk's, Boca Chica, Reuters SpaceX, NASA, Reuters, Super Locations: Boca Chica , Texas, Gulf of Mexico, Brownsville , Texas, U.S, Gulf, Mexico

☆ The FDA reverses its ban on Juul e-cigarettes
▼ + stars: | 2024-06-06 | by ( Rob Wile | ) www.cnbc.com time to read: +1 min

The Food and Drug Administration announced Thursday that it has reversed its ban on Juul e-cigarettes while it reviews new court decisions and considers updated information provided by the vape-maker. The FDA first stopped the company from marketing its products in 2022, but they have stayed on shelves pending an appeal. Even as Juul has pursued its appeal of the 2022 marketing ban, that initial FDA ruling significantly disrupted the company's finances, prompting a bailout from two of its largest investors, The Wall Street Journal has reported. Juul also continues to face lawsuits from consumers saying its products harmed their health. To date, the FDA has given only 23 e-cigarette products, made by just three companies, official approval to be marketed to consumers.

Persons: Juul Organizations: Drug Administration, FDA Locations: Flatbush, Brooklyn, New York City, U.S

OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft , OpenAI and Nvidia , examining the powerful companies' influence on the artificial intelligence industry, a source familiar confirmed to CNBC. The FTC will take the lead on looking into Microsoft and OpenAI, while the DOJ will focus on Nvidia, and the investigations will focus on the companies' conduct, rather than mergers and acquisitions, according to the source. The news also follows the FTC's January decision to conduct an extensive study on AI industry heavyweights, including Amazon , Alphabet , Microsoft, Anthropic and OpenAI. Microsoft and OpenAI did not immediately respond to requests for comment.

Persons: Sam Altman, Kevin Scott, Anthropic, Claude chatbots, that's, Lina Khan, Khan, OpenAI, — CNBC's Eamon Javers Organizations: Microsoft Chief Technology, Artificial, Microsoft, Federal Trade Commission, Justice Department, Nvidia, CNBC, FTC, DOJ, New York Times, Google, Meta Locations: Redmond , Washington

☆ Apple TV+ is making a big brand partnerships hire as it warms up to advertising
▼ + stars: | 2024-06-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Read previewApple has made a big brand-partnerships hire who will work across its Apple TV+ entertainment business, a sign that it's serious about becoming a bigger advertising company. Lewinsky's role at Apple is expected to resemble that of Mahta Eghbali, who led copromotions for Apple TV+ films, TV, and sports and who left the company in 2023. Industry sources who work in branded entertainment said Apple TV+ has been stepping up efforts to use brands to promote its entertainment. Apple TV+ doesn't have an ad tier, but it's made a handful of hires from the TV business that have fueled speculation that it plans to introduce one, despite its long-held stance on customer privacy. Apple TV+ also recently hired a marketing vet, Tony Trujillo, to run marketing partnerships.

Persons: —, Mike Lewinsky, Eghbali, Lewinsky, Monica Lewinsky, Barbie, merch, Ted Lasso, It's, Lauren Anderson, Magno Herran, it's, Ricky Strauss, Chris Van Amburg, JP Richards, Tony Trujillo Organizations: Service, Apple, Endeavor, InBev, DP, Marriott International, Visa, Business, Creative Artists Agency, Entertainment Media Ventures, Nike, Tandem, Amazon MGM, Netflix, Lacoste Locations: 160over90

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