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☆ How a Book Publishing ‘Mistake’ Reignited the U.K.’s Royal Racism Furor
▼ + stars: | 2023-11-30 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

As book rollouts go, the one for Omid Scobie’s latest offering about the British royal family, “Endgame,” has been a hot mess — splashy, gaudy, tantalizing but ultimately a bit withholding — which is to say, par for the course for a putative tell-all account of the world’s most covered, least decoded family. The withholding part involves an unconfirmed, thoroughly radioactive nugget that turned up in the Dutch edition of Mr. Scobie’s book, published on Tuesday: the identity of two members of the royal family who once reportedly expressed concerns about the skin color of the unborn child of Prince Harry and his wife, Meghan. Mr. Scobie’s Dutch publisher, Xander, quickly withdrew the book from shelves and online sites in the Netherlands at the behest of the author and his agent, citing an unspecified “mistake” that it said would be corrected in time for the book to go back on sale on Dec. 8. The family members are not identified in either the British or American editions, which were published by imprints of HarperCollins. It all led to a nursery school’s worth of peekaboo headlines in London tabloids on Wednesday.

Persons: rollouts, Omid, ”, Scobie’s, Prince Harry, Meghan, Mr, Xander Organizations: HarperCollins Locations: Scobie’s Dutch, Netherlands, Amsterdam, London

☆ The Chicken Tycoons vs. the Antitrust Hawks
▼ + stars: | 2023-11-29 | by ( H. Claire Brown | ) www.nytimes.com time to read: +4 min

Khan came to prominence in 2017 after she published a Yale Law Review article called “Amazon’s Antitrust Paradox.” Her article pointed out that while Amazon’s business was extraordinarily customer-friendly, the company’s dominance enabled it to control increasingly large swaths of the ecosystem in which it operated. Shouldn’t the government be able to limit the impacts of Amazon’s market power on vendors and workers even if its consumers aren’t unhappy? Like the Justice Department, the Federal Trade Commission also has the power to police antitrust violations. Among these marquee names and splashy allegations, chicken companies stand out for the sheer volume and variety of antitrust lawsuits filed against them. Plaintiffs included pretty much everyone the poultry processors did business with — their customers, their farmers, their workers and their shareholders.

Persons: Wu, Khan, ” Wu, Biden, Simon, Simon & Schuster Organizations: Yale, Justice Department’s, Google, Justice Department, JetBlue, Spirit Airlines, Antitrust Division, Penguin Random, Simon &, Federal Trade Commission, Meta, Microsoft, Activision, Pilgrim’s Locations: Maine

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Saudi Arabia's Riyadh won the right to host the Expo 2030 world fair, vote results showed on Tuesday, in another diplomatic victory for a Gulf country after the Qatar soccer World Cup last year. South Korea's Busan and Italy's Rome were also in the running to host the world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. The Saudi capital has proposed to host the event between October 2030 and March 2031. Saudi had in particular won French support, irking Rome.

Persons: Gonzalo Fuentes, Cristiano Ronaldo, Crown Prince Mohammed bin, Prince Faisal bin Farhan Al Saud, Prince Mohammed, Jamal Khashoggi, Emmanuel Macron, Elizabeth Pineau, Michel Rose, Christina Fincher, Richard Chang Organizations: BIE Member, 173rd, Assembly, REUTERS, Rights, Saudi Arabia's, Qatar, Korea's, Riyadh, Busan, Rome, Saudi, Al, Crown, Saudi Foreign, irking, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Saudi, Saudi Arabia's Riyadh, Korea's Busan, Italy's Rome, irking Rome, Lebanon

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. South Korea's southeastern city of Busan is competing against Saudi Arabia's Riyadh and Italy's Rome. More than one vote will be necessary if no country gets a majority at the first ballot. Italian Prime Minister Giorgia Meloni personally got involved in trying to persuade international leaders to back the Rome bid, giving it her full political backing. Rome is looking to use the Expo as a way of attracting investment, much as Milan did when it successfully hosted the 2015 Expo.

Persons: Gonzalo Fuentes, Roberto Gualtieri, Crown Prince Mohammed bin, Prince Mohammed, Jamal Khashoggi, Yoon Suk Yeol, Giorgia Meloni, Michel Rose, Elizabeth Pineau, Crispian Balmer, Giselda Vagnoni, Hyonhee, Christina Fincher Organizations: BIE Member, 173rd, Assembly, REUTERS, PARIS, Saudi, City, Crown, Paris . South, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Busan, Saudi's Riyadh, Italy's Rome, Italy, South Korea, South, Rome, Saudi, Lebanon, Paris ., Korea, Italian, Milan, Europe, Dubai, Osaka, Japan, Seoul

☆ 2 days before delivery, Cybertruck buyers still don't know what they're getting — or how much it'll cost
▼ + stars: | 2023-11-28 | by ( Nora Naughton | Tim Levin | ) www.businessinsider.com time to read: +6 min

Would-be Tesla Cybertruck buyers still don't know how much they're spending. Apart from the few remaining details listed and the occasional cryptic tweet from Musk, there isn't much information to tell Cybertruck buyers what they're getting into. Tesla Cybertruck. That makes it even more important to give loyal truck buyers some details to work with. "If you're looking to convert average pickup truck buyers to something different, that's a little harder," Fiorani said.

Persons: Tesla, —, Elon, It's, Musk, Cybertruck, William Huston, he's, Ed Kim, AutoPacific, Sam Fiorani, Fiorani Organizations: Service, Ford, Chevrolet, Toyota, AutoForecast Locations: San Francisco

☆ Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach
▼ + stars: | 2023-11-27 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Shein has confidentially filed to go public in the U.S. as the Chinese-founded fast-fashion juggernaut looks to expand its global reach with a long-rumored initial public offering, CNBC has learned. Over the next few months, Shein will likely make tweaks to its paperwork and answer numerous questions from the agency. The filing will be made public once the company is ready to move forward with its IPO. He said, "there's no such thing as forced labor" in the Shein factories that he has visited. As Shein grew from an obscure Chinese retailer into a global behemoth with headquarters in Singapore, it largely stayed in the shadows.

Persons: Shein, it's, Marcelo Claure, Sky Xu, Donald Tang, influencers, Xu, Goldman Sachs, Morgan Stanley Organizations: CNBC, U.S . Securities, Exchange Commission, SEC, Chinese Communist Party, Bear, Sparc Group, Authentic Brands Group, Simon, Group, JPMorgan, CNBC PRO Locations: U.S, Beijing, Singapore, Bear Stearns

☆ Biden and Xi's meeting sent an important signal for U.S. business in China
▼ + stars: | 2023-11-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

U.S. President Joe Biden and Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit in Woodside, California, on Nov. 15, 2023. Kevin Lamarque | ReutersBEIJING — U.S. President Joe Biden's meeting with Chinese President Xi Jinping last week has set a bottom line in the relationship which reduces uncertainty for businesses, analysts said. In conversations with Xi, Biden did not budge on export controls, enacted out of national security concerns. Wedding versus marriageAfter meeting Biden, Xi spoke at a dinner with top U.S. business executives in which he said the fundamental question was whether the two countries are "adversaries or partners." No 'splashy deliverables'Long-standing issues for U.S. business operations in China remain, and deals aren't made overnight.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Joe Biden's, Biden, Xi, Wang Dong, Jake Colvin, Gabriel Wildau, interlocutors, Ian Bremmer, Gary Dvorchak, it's, Jin Canrong, Jin, aren't Organizations: Economic Cooperation, Reuters, Reuters BEIJING —, Institute for Global Cooperation, Peking University, D.C, Foreign Trade Council, Summit, U.S, Biden, Eurasia Group, Mastercard, Monday, People's Bank of, Blueshirt Group, School of International Studies, Renmin University of China, Center for American Studies, Max, Boeing Locations: Filoli, Asia, Woodside , California, Reuters BEIJING, Reuters BEIJING — U.S, San Francisco, U.S, China, United States, Washington, Beijing, People's Bank of China, Taiwan

☆ Just to be clear, we have no idea why Sam Altman is out at OpenAI
▼ + stars: | 2023-11-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

OpenAI just announced that Sam Altman is out as CEO. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI want to level with you: We have no idea why Sam Altman is out as CEO at OpenAI. 🫡 — Sam Altman (@sama) November 17, 2023Of course, Business Insider is working on reporting on this to get you more facts as soon as possible. Just this month, OpenAI had a highly-anticipated event where new updates to ChatGPT were announced along with more features.

Persons: OpenAI, Sam Altman, —, what’s, ould Organizations: Service, Business, ust Locations: openai

☆ Unimpressed Verstappen not buying into Las Vegas hype
▼ + stars: | 2023-11-16 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 Red Bull's Max Verstappen talks to the media ahead of the Las Vegas Grand Prix REUTERS/Mike Blake Acquire Licensing RightsLAS VEGAS, Nov 16 (Reuters) - Red Bull's Max Verstappen isn't buying into the turbo-charged hype around Formula One's return to Las Vegas, describing the race as 99% show, 1% sport. Asked if he was looking forward to this weekend, the three-time world champion was unequivocal, "No." "I just always want to focus on the performance side of things," shrugged Verstappen. "I am looking forward to trying to do the best I can, but not looking forward to this." Reporting by Steve Keating in Las Vegas.

Persons: Max Verstappen, Mike Blake, Max Verstappen isn't, Verstappen, I'm, It's, Sergio Perez, Sebastian Vettel, Lewis Hamilton, Michael Schumacher, Steve Keating, Christina Fincher Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Nevada, Abu Dhabi

☆ Humane's launch video showed its hyped AI Pin answering 2 questions incorrectly. The company says a corrected video is on the way.
▼ + stars: | 2023-11-14 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

The AI Pin gave incorrect information twice in a promotional video starring Humane's cofounders. Humane is going to make a new promotional video for the AI Pin after eagle-eyed viewers noticed the device had given incorrect information at two different times during its splashy launch video. Humane's AI Pin is a small, standalone gadget that can be pinned to your shirt, pocket, or bag. AdvertisementHowever, the April 2024 eclipse will be visible in parts of North America, but not Australia. Sheffer said that a bug had caused the AI Pin to give the location to view a previous eclipse, rather than one that's coming up in 2024.

Persons: Humane's cofounders, —, Imran Chaudhri, Chaudhri, Sam Sheffer, Sheffer, Ai, Haley Tenore Organizations: Service, Humane's San, USDA Locations: Humane's, Humane's San Francisco, Australia, North America

☆ Is that $35 Apple Watch real? How misleading TikTok influencer videos could be the next big headache in e-commerce
▼ + stars: | 2023-11-13 | by ( Dan Whateley | ) www.businessinsider.com time to read: +8 min

Tyler linked his post to a $34.88 smartwatch available on TikTok Shop from a merchant called MoonMates, which did not represent the item as Apple-made. Because the video featured a TikTok Shop tag, Tyler was likely eligible for a commission on any watch sales his video generated. Others may do it unintentionally because they're not entirely sure whether a steeply discounted TikTok Shop product is authentic. If false video reviews proliferate across TikTok Shop, it could pose an existential risk for the nascent e-commerce platform. TikTok user Vincent Patritto went viral in September after promoting a pair of Crocs that were available on TikTok Shop.

Persons: Austin Tyler, Tyler, TikTok, they're, Brett Hollenbeck, Hollenbeck, it's, Vincent Patritto, they've, Patritto, Lululemon Athletica, Influencers, aren't Organizations: Apple, Apple Watch, Shop, UCLA's Anderson School of Management, New, Prime, YouTube, Expedia, UCLA

☆ Opinion: Marjorie Taylor Greene botches the explanation
▼ + stars: | 2023-11-12 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —On the day after Republicans lost pivotal races in Kentucky, Ohio and Virginia last week, Rep. Marjorie Taylor Greene offered a diagnosis for her party’s ills. On Tuesday, Ohio voters passed an amendment to the state constitution that guarantees abortion rights. The disconnect may or may not cost Trump votes in 2024, but it’s hurting Republicans up and down the ballot. “Democrats will win in 2024 by making the election a choice, not just a referendum on Biden’s performance in office.

Persons: Marjorie Taylor Greene, CNN’s Manu Raju, Donald Trump, Roe, Wade, Trump, ”, Kate Bedingfield, Joe Biden’s, Youngkin, ” Bill Bramhall, Bedingfield, They’ll, Julian Zelizer, Biden, ” Clay Jones, ” Clay Jones Republican Lanhee Chen, — don’t, Chen, “, ” Mary Ziegler, Davis, Republicans don’t, Comstock, Nikki Haley, Ana Marie Cox, Ron DeSantis, Vivek Ramaswamy, Dick Cheney, ’ Haley, Haley, Ramaswamy, ‘, Haley “, ” Patrick T, Brown, ” Roxanne Jones, DeSantis, Todd Graham, Bill Bramhall, Mary Ellen O’Connell, ” “, ” John Spencer, he’s, Al Qaeda, Peter Bergen, Israel, Hani Almadhoun, Suzanne Nossel, Frida Ghitis, Walt Handlesman, Ivanka Trump, Elliot Williams, Letitia James, Williams, ” Williams, Nick Anderson, Ian Berry, Bob Dylan, Anna Lee, I’d, William, I’ll, Bethany McLean, Joe Nocera, Dr, Kent Sepkowitz, ” Sepkowitz, ” Don’t, Corey Mintz, DoorDash, Paul Rieckhoff, Jill Filipovic, Shannon Watts, Jade McGlynn, Keith Magee, King Charles, Sara Stewart, Priscilla ’, Barbra Streisand, CHANEL, Presley Ann, Patrick McMullan, Holly Thomas, James Brolin, Barbra’s, Thomas Organizations: CNN, Republicans, Trump, “, White House, State Senate, Biden, ” Clay Jones Republican, University of California, Department of Justice, Florida Gov, Republican, Senate, Content Agency Israel, Hamas, University of Notre Dame, Modern War, Twitter, Facebook, ISIS, Content Agency Trump, New York, Trump Organization, “ Trump, —, Tribune, Agency, College of, Getty, BBC Locations: Kentucky , Ohio, Virginia, Georgia, “, Mexico, Ohio, State, Michigan, Pennsylvania, Arizona, Kentucky, Mississippi, Florida, Miami, Hialeah , Florida, Trump, Israel, Gaza, Hamas, West, Mosul, Raqqa, Manhattan, New York City, Ukraine, Malibu , California, Greenwich Village

The actors strike might provide that, though there's still the chance of strike sequels in the months ahead. Here's some of what will happen next:Political Cartoons View All 1237 ImagesSO IS THE ACTORS STRIKE REALLY OVER? Picket lines are suspended and the only rallies on the horizon are celebratory ones that the actors union is promising will happen. Another actors strike — this one by video game performers — is possible. ___For more coverage of the actors and writers strike, visit: https://apnews.com/hub/hollywood-strikes/

Persons: they're, ” “ Abbott, ”, there's, —, they've “, ” Duncan Crabtree, I’m, ” Crabtree, Ryan Reynolds, Hugh Jackman, Ridley Scott's, “, Kevin Costner's, Leonardo DiCaprio, Brie Larson, That's, Lily Gladstone, didn't, Michael Mann's, “ Ferrari, Adam Driver, Patrick Dempsey, Dempsey, It'll Organizations: ANGELES, Screen, American Federation of Television, Radio Artists, Television Producers, SAG, Associated Press, “ Abbott, Netflix, Globe, International Alliance, Marvel, IATSE Locations: Venice, U.S, hollywood

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

☆ America's cities are vying for a hot new title: best place to ride out the coming dystopia
▼ + stars: | 2023-11-02 | by ( Matthew E. Kahn | ) www.businessinsider.com time to read: +14 min

For decades, cities have duked it out for titles like "best city for business" or "healthiest city in America," but now they're starting to compete for a new title: best place to ride out dystopia. While Sun Belt cities are working to mitigate these challenges, the increased risks also create an opportunity for once forgotten cities. The declaration has been followed up with investments in key areas — climate resilience was one of the four pillars that made up the city's four-year strategic plan released at the start of 2023. And the cities that could become climate havens have their weather downsides — Buffalo will still have some harsh winters, too. If Buffalo, Detroit, Pittsburgh, and other cities succeed in their climate-resilience agendas, they will grow, attracting residents from more at-risk areas of the country.

Persons: Tesla, Byron Brown, Redfin, Matthew E, Kahn Organizations: Los Angeles, Fortune, Sun, National Oceanic, Atmospheric Administration, Association of Environmental, Federal Emergency Management Agency, FBI, Street Foundation, Pittsburgh, The New York Times, University of Southern, Hoover Institution Locations: America, West, Midwest, Dallas, Houston, Atlanta, Buffalo , New York, Detroit, USA, Florida, California, South, Baltimore, Cincinnati, Phoenix, Angeles County, Miami, Dade County, Lake Erie, Buffalo, Duluth , Minnesota, Grand Rapids , Michigan, Chicago, Northern, Pittsburgh, Rust, Los Angeles, University of Southern California

☆ WeWork bankruptcy: One of the biggest startup failures of all time, and venture capitalists haven't learned a thing.
▼ + stars: | 2023-11-01 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

WeWork, backed by Softbank and other top VC firms, was once worth $47 billion. AdvertisementAdvertisementWeWork just isn't working anymore, and the venture capitalists who backed the company when it was a high-flying startup haven't learned a thing from its disaster. When a $47 billion startup shrivels so drastically, who gets hurt? Then there's Neumann, who owned over 68 million shares of common stock and virtually all its Class C stock — nearly 20 million shares — earlier this year. Staggering as it might seem to blow away nearly $47 billion dollars, with those kinds of repercussions, WeWork isn't a warning for most of the venture capital community.

Persons: Softbank, haven't, —, WeWork's, Adam Neumann, WeWork, Vivek Ranadivé, Fitch, there's Neumann, speck, Neumann, Andreessen Horowitz Organizations: Venture, Service, Street Journal, New York Stock Exchange, BowX, Golden State Warriors, Sacramento Kings, CNBC, Reuters, SEC, Insight Partners, Benchmark Locations: Sacramento, It's

☆ Republicans are desperate for attention — and it's decimating their ability to govern
▼ + stars: | 2023-10-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

In the end, the only man who could unify House Republicans behind him was a relatively little-known and mild-mannered evangelical Christian from Louisiana. AdvertisementAdvertisementAs the speaker saga wore on, it provoked questions among some House Republicans: How could it be that they had failed to elect a speaker for so long? While Gaetz maintains otherwise, his angry GOP colleagues have plenty of evidence to make their case that it was an attention ploy. Rep. Matt Gaetz surrounded by reporters and cameras after the House voted to oust Kevin McCarthy from the speakership. The attention economy doesn't preclude an ability to govern — an effective politician might seek to harness their celebrity towards worthy ends.

Persons: Mike Johnson's, Matt Gaetz, Kevin McCarthy, Garrett Graves, Sen, Thom Tillis, Madison Cawthorn, Tillis, Drew Angerer, Greg Murphy of, Nancy Mace, McCarthy, Mace, I'm, Win McNamee, Josh Hawley, Ronald Reagan, Donald Trump's, Nicole Wallace, Obama, JD Vance, Ohio, Vance, Ted Cruz, Jose Luis Magana, denialism, Jim Jordan, Marjorie Taylor Greene, Brett Kavanaugh, Jen Psaki, Symone Sanders, it's, Rep, Alexandria Ocasio, Cortez, Kelly Armstrong, Adam Schiff, Chip Somodevilla, Bob Good, Virginia, Gaetz, —, Ken Buck, Colorado, Hawley deadpanned, Mike Lawler, I've, Cruz, Buck, Joe Biden, Liz Cheney Organizations: Republicans, GOP, North Carolina Republican, Getty, Twitter, South Carolina, Republican, Rep, Fox News, Republican Party, Conservative Political, Conference, AP, Cannon, South, Democratic, Supreme, Biden, MSNBC, Democrats, Capitol, New York Post, Colorado Locations: Louisiana, Florida, Greg Murphy of North Carolina, Missouri, Hollywood, California, South Carolina, Alexandria, Cortez of New York, Ukraine, New York, Ted Cruz of Texas

☆ How 2023 became the year of the lab-grown diamond
▼ + stars: | 2023-10-26 | by ( Diana Pearl | ) edition.cnn.com time to read: +9 min

The company isn’t the only one seeing big sales from this category: Lab-grown diamond brand Brilliant Earth saw a 15.7 percent net sales increase in 2022, to $440 million. Dorsey, another exclusively lab-grown jewelry brand, sold over a million stones last year. Broadening the marketMany consumers plough the savings from buying a lab-grown diamond into more jewelry — a bigger engagement ring, for instance. Valeria Mongelli/Bloomberg/Getty Images/File“The lab-grown diamond is not in competition with mined diamonds, it’s a complement to mined diamonds,” said Sayed Haider, COO, merchandising and operations at Diamond Nexus, which added a line of lab-grown diamonds to its offering earlier this year. Lab-grown diamond brand Dorsey sold over a million stones last year.

Persons: CNN CNN —, Pandora, ”, Pamela Anderson, Dorsey, Tiffany, Lionel Bonaventure, haven’t, Paul Zimnisky, Golan, De, Mary Carmen Gasco, Megan Strachan, Valeria Mongelli, Sayed Haider, “, Strachan, Grace Coddington, Pandora Dorsey, influencers, Bella Hadid, Justin, Hailey Bieber, that’s, Zuo Dongchen, Anderson, Precious Lee, De Beers, Bruce Cleaver, Fred, Ashley Barrett It’s, Shah Organizations: The, Fashion, CNN CNN, Diamond District, New, Brands, Cartier, Getty, De Beers, Pandora, Business, Bloomberg, Diamond Nexus, ”, Vogue, Marketing, Publishing, British Fashion Council, Business of Fashion, CNN Locations: New York, Astor, Paris, AFP, Zhengzhou, China

☆ Elon Musk just served a lesson in free advertisement for the Tesla Cybertruck
▼ + stars: | 2023-10-23 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Tesla CEO Elon Musk pulled up to the F1 race in Austin, Texas on Sunday in his company's new Cybertruck. A video showing Musk's arrival at the race venue racked up over 600,000 views. One X user, resharing a recording of Musk pulling up at the race venue, called the move "the best ad ever." "I mean we dug our own grave with Cybertruck," Musk said on the call. Representatives for Tesla and Musk did not respond to requests for comment from Insider, sent outside regular business hours.

Persons: Elon Musk, —, that's, Max Verstappen, Grimes, Musk, Tesla, Elon, Ed Kim, AutoPacific Organizations: Service, F1 United States, Tesla Locations: Austin , Texas

☆ Returning to Pakistan, Nawaz Sharif Aims for a Splashy Comeback
▼ + stars: | 2023-10-21 | by ( Salman Masood | ) www.nytimes.com time to read: +1 min

Nawaz Sharif, a three-time prime minister, planned a grand return to Pakistan on Saturday after years of self-imposed exile, seizing an opening in the country’s turbulent politics and economic disarray to attempt another dramatic comeback. In late 2019, an ailing Mr. Sharif left Pakistan for London in an air ambulance after being granted bail from a seven-year prison sentence. While he is Pakistan’s longest-serving prime minister, Mr. Sharif has never finished any of his terms in office, running afoul of the country’s powerful military or, in the latest case, being toppled by corruption allegations. On Saturday, a politically revitalized Mr. Sharif, 73, boarded a plane from Dubai bound to Pakistan, where he plans to hold a big gathering the same day in Lahore, his hometown and Pakistan’s political heart. The rally in Lahore will be a gauge of the popularity of Mr. Sharif and his party, the Pakistan Muslim League (Nawaz), before an upcoming general election.

Persons: Nawaz Sharif, Sharif, Imran Khan, Nawaz Organizations: Pakistan Muslim League Locations: Pakistan, London, Dubai, Lahore

☆ It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
▼ + stars: | 2023-10-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Gary Gensler told the Financial Times that the next financial crash could be sparked by AI. The SEC chair called for regulation to address how AI models are being used by banks on Wall Street. AdvertisementAdvertisementThe chair of the SEC has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology. "And this is about a horizontal [matter whereby] many institutions might be relying on the same underlying base model or underlying data aggregator." Rival JPMorgan, meanwhile, has reportedly filed a patent for an AI model known as 'IndexGPT' that would help traders choose securities to invest in.

Persons: Gary Gensler, Morgan Stanley, —, we've, Gensler, Goldman Sachs Organizations: Financial Times, SEC, Banking, Service, Wall, JPMorgan, Deutsche Bank, Bank of America Locations: Wall

☆ A new docuseries follows Juul’s catastrophic crash and burn
▼ + stars: | 2023-10-11 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

If you were a millennial, brought up amid secondhand smoke in homes and restaurants in the ’80s and ’90s (like this writer), Juul’s rise might not have felt so alarming. But if you were a teenager, Juul’s impact was immediately striking — and likely unnerving for your parents — as explored in a new Netflix docuseries. “Big Vape” neither neatly ties up Juul’s troubles nor addresses the company’s motives. Bulls***t.”“Big Vape: The Rise and Fall of Juul” is out now on Netflix. Watch: “Thank You for Smoking” (2005)This Jason Reitman-directed black comedy follows Big Tobacco lobbyist Nick Naylor (Aaron Eckhart), who spins, spins, spins the narrative by any means necessary, his job at odds with his role as parent to a 12-year-old.

Persons: R.J . Cutler, “, Juul, Gabby Jones, James Monsees, Adam Bowen, David Pierce —, Pierce, Juul’s splashy, “ James, Adam, ”, Jamie Ducharme, — Bella Hadid, Dave Chapelle, Adele, Jennifer Lawrence, ” Chase Amiratta, Spencer Platt, ‘, ’ ”, Erica Halverson, Jamie Ducharme’s, Stanford grads ’, —, Jason Reitman, Nick Naylor, Aaron Eckhart, Pets.com ”, Pets.com, Anna Lembke, Dr Organizations: CNN, Netflix, Juul Labs, Food and Drug, Apple, Bloomberg, Getty, Washington D.C, Bulls, Stanford, ., Big Tobacco Locations: “, New York , California , Massachusetts, New Mexico , Illinois, Colorado, Washington, Juul

I really do,” Lake told an adoring crowd of Michigan Republicans gathering last month on Mackinac Island. Lake will launch a U.S. Senate campaign for an Arizona seat in a splashy Scottsdale rally on Tuesday, having never conceded that she lost last year's race for Arizona governor. She is trying out new messages and courting the support of national Republicans she’s insulted in the past. That worries some Republicans who fear she will cost them a race that could decide control of the Senate. But Lake became a national figure on the far right with her television appearances and her defense of Trump's election falsehoods.

Persons: — Kari Lake, Who's, ” Lake, Republicans she’s, Donald Trump, Kari Lake, ”, Chris Baker, Kentucky Sen, Mitch McConnell, Lake, she's, Sen, Kyrsten Sinema, Sinema, Ruben Gallego, Steve Daines, Daines, Trump, Steve Bannon, John McCain, Katie Hobbs, Stephen Richer, Pinal County Sheriff Mark Lamb, Lake demurred, “, McConnell, Chuck Schumer, Schumer, It’s, Ted Cruz, ’, Steve Peoples, Linley Sanders Organizations: PHOENIX, Michigan Republicans, U.S, Senate, Arizona, Republicans, Kentucky, National Republican, GOP, U.S . Rep, Democratic, National Republican Senatorial Committee, “, Associated Press, AP VoteCast, Trump, Arizona Supreme, Republican, Arizona Republicans, Pinal County Sheriff, September's Republican, Democrats, AP, McConnell Locations: Michigan, Mackinac, Arizona, Scottsdale, an Arizona, Montana, Washington, California, America, ”, Phoenix, Iowa, Maricopa County, Pinal County, Ted Cruz of Texas, New York

☆ One $16 bln deal travels lonely dual track
▼ + stars: | 2023-10-09 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 9 (Reuters Breakingviews) - When courting buyers, sellers like to make it seem as if there are plenty of options. So it is with buyout firms GTCR and Apax Partners as they explore ways to cash in on AssuredPartners, the insurance broker they own together. This parallel process, colloquially called a dual track, can build competitive tension to wheedle a higher price, but it’s too soon for the idea to pose a plausible threat. For example, cybersecurity provider AppDynamics was planning an IPO that would have valued it at around $2 billion in late 2016. Reuters Graphics Reuters GraphicsHigher interest rates have made it harder to borrow and for buyers and sellers to agree on valuations.

Persons: it’s, AppDynamics, Apax, AssuredPartners, GTCR, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Apax Partners, Cisco Systems, Bloomberg, Reuters Graphics, Cisco, SoftBank, Thomson Locations: AssuredPartners

☆ Nobel Prize winner Katalin Karikó was 'demoted 4 times' at her old job. How she persisted: 'You have to focus on what's next'
▼ + stars: | 2023-10-06 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +6 min

On Monday, Karikó, along with her collaborator Drew Weissman, won the Nobel Prize in Physiology and Medicine. It's clear, and impressive, that Karikó didn't take those obstacles personally. Suhadolnik didn't receive the news well, she says. If you have a Ph.D. from an American Ivy League [university], that's better compared to if you have a degree from a foreign university." The type of work Karikó does, Feigl-Ding says, doesn't make splashy headlines, because groundbreaking work rarely does.

Persons: Pfizer Covid, Katalin, Drew Weissman, Karikó, didn't, Robert J, Suhadolnik, Susan, Suhadolnik didn't, Gregory Zuckerman's, I'm, wasn't, Eric Feigl, Ding, doesn't, Nobel, Albert Einstein didn't, Ding epidemiologist, Weissman Organizations: Pfizer, Moderna, CNBC, University of Pennsylvania, University of Szeged, Biological Research, Temple University, Uniformed Services University of, Health Sciences, New, Systems Institute, Harvard Medical School, American Ivy League, Universities, Systems, Harvard Medical Locations: Hungary, Philadelphia, Bethesda , Maryland, UPenn, United States, U.S, New England

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