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☆ Jiang Zemin made China richer and more unequal
  + stars: | 2022-11-30 | by ( John Foley | ) www.reuters.com   time to read: +5 min
NEW YORK, Nov 30 (Reuters Breakingviews) - Jiang Zemin, who died on Wednesday, catapulted China into the modern world. And his death comes at an inconvenient time for the current president, Xi Jinping. Chosen as party chief weeks before the violent 1989 suppression of Tiananmen Square protesters who demanded economic and political reforms, Jiang inherited a system riven by infighting. While numbers can deceive in a state-led economy like China’s, Jiang still notched up some encouraging stats. Follow @johnsfoley on TwitterCONTEXT NEWSJiang Zemin, the former president of China, died on Nov. 30.
☆ Rare success for Alzheimer's research unlocks hope for future therapies
  + stars: | 2022-11-29 | by ( Julie Steenhuysen | ) www.reuters.com   time to read: +6 min
Eisai and Biogen are scheduled to present full data from their lecanemab study on Tuesday at the Clinical Trials on Alzheimer's Disease conference in San Francisco. Lecanemab’s success rests on years of research into the causes of Alzheimer’s as well as advances in measuring amyloid deposits through brain scans and spinal fluids. At least 16 treatments are being tested in clinical trials, with results expected over the next three years, according to a Reuters review of the clinicaltrials.gov registry. The drugmaker has been largely absent from the Alzheimer's space after the high-profile failure of its drug verubecestat five years ago. But several antibody therapies from Lilly, Biogen and AbbVie(ABBV.N) that were designed to slow the rate of tau accumulations failed outright last year.
☆ Ark's Cathie Wood is betting Elon Musk will turn Twitter into a 'super app'
  + stars: | 2022-11-02 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
LISBON, Portugal — Ark Invest founder Cathie Wood thinks Elon Musk might be onto something with his vision for Twitter. "He's thinking about a super app like WeChat Pay," Wood said at the Web Summit technology conference in Lisbon, Portugal, Wednesday. Wood was referring to the digital payments service of Chinese messaging app WeChat. Tesla CEO Musk has already hinted at plans to make Twitter a super app. "He and [Twitter co-founder] Jack Dorsey working together, I think, could turn this into a super app."
☆ Elon Musk's plan to turn Twitter into a super app is a step closer now that he owns the platform
  + stars: | 2022-10-28 | by ( Beatrice Nolan | Grace Kay | ) www.businessinsider.com   time to read: +4 min
According to Musk, the Twitter acquisition will play a part in the creation of a super app called X. If Musk plans to turn Twitter into X, it will likely mean bringing in many new features. Although reports vary about Musk's full intentions, the billionaire has made repeated claims that the acquisition would play a part in the creation of a super app, or what he has also referred to as an "everything app." If Musk plans to create his everything app with Twitter it will mean bringing in many new features. 'Grand vision'Musk has stated that the Twitter acquisition may speed up the creation of his super app by three to five years.
☆ Analysis: For Twitter boss Elon Musk, now comes the hard part
  + stars: | 2022-10-28 | by ( Sheila Dang | ) www.reuters.com   time to read: +6 min
The long term potential for Twitter in my view is an order of magnitude greater than its current value." "Buying Twitter is an accelerant to creating X, the everything app," Musk tweeted earlier this month. Twitter permanently suspended Trump for risk of further incitement of violence after the Jan. 6, 2021, attack on the U.S. Capitol. Tesla's expanding business in China, where it generated $14 billion last year, could also put Twitter at risk, Goldman, the former Twitter board member, said. Twitter is staffed with experts who review data requests from governments, but Musk has shown his contempt of these experts, he said.
☆ Arkansas motorcyclist engulfed in 'fireball' after state police shock him with Taser
  + stars: | 2022-10-27 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com   time to read: +2 min
An Arkansas motorcyclist was engulfed in a "fireball" and is recuperating in the hospital after a state trooper deployed a Taser and it hit a gallon of gasoline in his backpack, authorities said. Christopher Gaylor, 38, was struck by the Taser after setting Arkansas troopers on a police chase after him in the early hours of Oct. 13 in Little Rock, state police said in a news release. A trooper tried to initiate a traffic stop, but Gaylor “refused to comply” and kept on driving, reaching speeds approaching 100 mph and ignoring traffic stop signs and lights along the way, state police said. Arkansas State PoliceGaylor eventually made his way toward Interstate 30 and jumped from the motorcycle at a residence along Chandler Street in North Little Rock and fled on foot with troopers following behind. One trooper then deployed his Taser to stop Gaylor.
☆ NATO navies are teaming up for the first time to practice using drones to hunt submarines and other undersea threats
  + stars: | 2022-10-21 | by ( Constantine Atlamazoglou | ) www.businessinsider.com   time to read: +7 min
The exercise, Dynamic Messenger 22, was held in the waters off of Portugal's Troia Peninsula from September 23 to September 30. NATO Maritime CommandDynamic Messenger 22 involved 1,500 personnel from 16 NATO member-states operating more than 18 ships and 48 unmanned vehicles. NATO Maritime CommandMany NATO members see unmanned maritime assets as valuable additions to their fleets, and the role of those assets in alliance naval exercises has increased in recent years. A concerted effortA drone helicopter in use during NATO exercise Dynamic Messenger. NATO Maritime CommandREPMUS — short for "Robotic Experimentation and Prototyping using Maritime Uncrewed Systems" — supports NATO's Maritime Unmanned Systems Initiative, which was launched in October 2018 to promote the use of unmanned systems in the alliance's naval operations.
☆ Elon Musk touted the 'incredible potential' of Twitter after spending millions in legal fees to avoid buying it
  + stars: | 2022-10-19 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
Elon Musk said he is "excited about the Twitter situation" on Tesla's earnings call. Musk spent months and millions of dollars trying to walk away from his deal to buy Twitter before agreeing to go through with the purchase. Musk said the company has "incredible potential" but has "languished for a long time." "I'm excited about the Twitter situation, because obviously I know their product very well," Musk said on Tesla's earnings call on Wednesday. Following a tumultuous several months — and an estimated $100 million in personal legal fees — Musk again offered to buy Twitter for his original asking price earlier this month.
☆ What Elon Musk has said publicly — and in private texts — about X, his idea for an 'everything app'
  + stars: | 2022-10-15 | by ( Grace Kay | ) www.businessinsider.com   time to read: +7 min
Elon Musk has discussed his plans for X, an "everything app," in Twitter and in private texts. AP Photo/Jacquelyn MartinPrivate texts about a blockchain-based platformMusk has also discussed creating a social media platform built on a blockchain. In April, the billionaire privately outlined his idea for a "Doge" social media platform in texts to his younger brother, Kimbal Musk. "I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter," Musk texted. A battle against botsOne thing is clear throughout Musk's dealings with Twitter — the billionaire's social media platform will be tasked with eliminating scam accounts.
☆ A founder built an executive team of former Amazon, Starbucks, and WeWork employees. Here are the 3 ways small-business owners can attract top talent.
  + stars: | 2022-10-14 | by ( Alexandra York | ) www.businessinsider.com   time to read: +6 min
He shared his advice for other small-business owners looking to build an all-star executive team. This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of hiring challenges. Today Odeko has 470 employees, including an executive team of six made up of former employees from Starbucks, WeWork, Squarespace, and Bed Bath & Beyond. Atkinson spoke with Insider about the importance of building a robust executive team and how to attract top talent to your small business. Retain top employees by investing in their growthMany business owners have a difficult time letting go of responsibility, Atkinson said.
☆ Starboard snaps up a position in Wix, and building free cash flow may become a focal point
  + stars: | 2022-09-24 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +7 min
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has had a notable track record with web applications companies going back to 2004 with their 13D investment in Register.com. Starboard has extensive experience in helping companies optimize growth and margins, typically from a board level. There is one other similarity between Wix and many other Starboard activist positions. Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and he is the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
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