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☆ Nigeria’s government found guilty of human rights abuses during the #EndSARS protests
▼ + stars: | 2024-07-12 | by ( Stephanie Busari | ) edition.cnn.com time to read: +2 min

CNN —A West African court has found the Nigerian government guilty of human rights abuses during its suppression of the 2020 #EndSARS protests against alleged police brutality. Around two weeks into the 2020 protests, Nigeria’s security forces opened fire on young people demonstrating peacefully at the Lekki Toll Gate in Lagos, killing and wounding several people. Their lawyer, Bolaji Gabari, described the verdict as “a significant victory for the #EndSARS movement.”CNN has reached out to the Nigerian government for comment. But the marches morphed into protests campaigning for police reform and ending bad governance in the oil-rich country. The Judicial Panel of Inquiry and Restitution at the Lagos Court of Arbitration, a government-appointed panel, determined that the incident at the Lekki Toll Gate could be considered a “massacre” after a yearlong investigation.

Persons: ”, Dabiraoluwa, Catherine Udeh, Udeh, Kamsi, Adeyinka “, ” Udeh, Bolaji Gabari Organizations: CNN, West African States, ” Locations: Abuja, Lagos

☆ Hamas Official: ‘We’re Not Obstinate’ in Cease-Fire Talks on Gaza
▼ + stars: | 2024-07-12 | by ( Adam Rasgon | Julian E. Barnes | ) www.nytimes.com time to read: 1 min

For nearly two decades, Hamas has been in charge of governing Gaza, overseeing its border crossings, schools and hospitals. But after nine months of a ruinous war with Israel, the militant group is now expressing readiness to give up civilian governance in Gaza, albeit without dismantling its military wing. The overture by Hamas, while most likely a nonstarter for Israel, is meant to signal to the international community Hamas’s apparent readiness to make some concessions to enable the rebuilding of Gaza. It also arrives against the backdrop of ongoing cease-fire negotiations, in which Hamas has shown some flexibility on the language in a proposed deal. “First and foremost, we want the Palestinian people in Gaza to recover from this war,” Husam Badran, a senior Hamas official, said in an interview at an unmarked building in the Qatari capital, Doha.

Persons: Husam Organizations: Hamas Locations: Gaza, Israel, Doha

☆ Proxy advisor backs activist Politan nominees in scathing Masimo report
▼ + stars: | 2024-07-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Proxy advisory firm Glass Lewis on Thursday recommended that shareholders of Masimo , the medical technology firm best known for its Apple Watch patent litigation, elect dissident Politan's two nominees, Bill Jellison and Darlene Solomon. Masimo's board includes Kiani, former Disney CEO Bob Chapek and Politan managing member Quentin Koffey, who overwhelmingly won the election last year. Glass Lewis tacitly endorsed that criticism in its report, writing that the company displayed "de minimus responsibility" and "poor governance." Alongside its larger peer Institutional Shareholder Services, though, Glass Lewis reports are considered highly important to passive investors. Glass Lewis responded to RTW with an offer to meet on July 8, shortly after Politan's allegations were publicized in an SEC filing.

Persons: Joe Kiani, Glass Lewis, Politan's, Bill Jellison, Darlene Solomon, Kiani, Bob Chapek, Quentin Koffey, Kiani —, Politan, Jellison, RTW, Christopher Chavez, RTW's Organizations: Enercare, Masimo, Apple Watch, CNBC, Disney, Services, ISS, Kiani, SEC Locations: Toronto, Canada, Solomon, Politan

☆ Microsoft's decision to give up OpenAI board observer seat doesn't quell key concerns
▼ + stars: | 2024-07-11 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Microsoft has given up its observer seat on OpenAI's board. Apple , which was reportedly expected to take a similar observer position, will no longer pursue one, according to the Financial Times. "The timing of this move matters," Kak wrote in a message to CNBC. Kak told CNBC that regulators' pursuits are helping to get answers and deliver transparency.

Persons: Satya Nadella, Sam Altman, aren't, Amba Kak, Kak, Lina Khan Organizations: Microsoft, Apple, Financial Times, CNBC, Federal Trade Commission, FTC, Justice Department, Nvidia Locations: San Francisco

☆ Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks
▼ + stars: | 2024-07-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Hal Lawton, the chief executive of the Brentwood, Tennessee-based company, had said these initiatives “make great business sense for Tractor Supply.”But Tractor Supply has decided that all of those risks are now worth ignoring. By walking away from diversity and climate goals, Tractor Supply has become the latest corporate giant to retreat from progressive initiatives it once promoted, joining Bud Light, Target and others. Tractor Supply declined to comment on these statements. Tractor Supply’s customer base has historically been primarily older men, who lean Republican, but Tractor Supply has increasingly tried to draw Millennials and women, who tend to favor Democrats. Tractor Supply’s reversal could hurt it with these customers, who could be crucial as the company’s historic base ages out of the market.

Persons: Hal Lawton, Bud, ”, Nooshin Warren, “ They’re, ” John Boyd, Steve Helber, Robby Starbuck, “, It’s, ” Boyd, Donald Trump, Joe Biden, ” Lawton, ” Eric Bloem, George Floyd, Bill Ackman, Elon Musk, They’ve, Chick, Bud Light, Jeff Chiu, Bud Light’s, influencer Dylan Mulvaney, CNN’s Eva Rothenberg Organizations: New, New York CNN, Tractor Supply, Supply, Human Rights, Bud Light, University of Arizona, National Black Farmers Association, AP Tractor Supply, Human, Tennessee’s, Congressional District, ”, Black Farmers Association, CNN, “, Tractor, Republican, Pew, Democratic, Disney, Nike, Anheuser, Busch InBev, Target Locations: New York, Brentwood , Tennessee, United States, America, Minneapolis

The United States and its NATO allies have agreed that Ukraine should have an “irreversible” path to membership in the alliance and are enshrining the phrase in a document to be released during this week’s summit in Washington, U.S. and allied officials say. While there is no consensus yet about Ukraine joining NATO, the strengthened language would show that there is movement in that direction. The United States was once deeply skeptical about whether Ukraine was ready to become a member, and while questions remain, more and more American and European officials believe that the country will eventually be able to join. Officials say there could always be a last-minute change before the document is released, but that the member nations had reached broad agreement in recent days. But it should be welcomed by Ukrainian officials who have been pushing for language along the lines of “irreversible,” they say.

Organizations: NATO Locations: States, Ukraine, Washington , U.S, United States

☆ A former OpenAI safety employee said he quit because the company's leaders were 'building the Titanic' and wanted 'newer, shinier' things to sell
▼ + stars: | 2024-07-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewA former safety employee at OpenAI said the company is following in the footsteps of White Star Line, the company that built the Titanic. Was the path that OpenAI was on more like the Apollo program or more like the Titanic?" Apollo vs TitanicAs Saunders spent more time at OpenAI, he felt leaders were making decisions more akin to "building the Titanic, prioritizing getting out newer, shinier products." OpenAI did not immediately respond to a request for comment sent outside regular business hours by Business Insider. Meanwhile, OpenAI cofounder and former chief scientist Ilya Sutskever, who led the firm's superalignment division, resigned later that month.

Persons: —, OpenAI, William Saunders, OpenAI's, Alex Kantrowitz's, Saunders, Ilya Sutskever, JACK GUEZ, Kantrowitz, he's, Saunders — Organizations: Service, White Star Line, Business, Artificial, Intelligence, White Star, Apollo, NASA, BI, OpenAI, Getty, Tech, Apple, Google, Superintelligence Inc Locations: OpenAI, Russia, AFP

☆ Microsoft ditches OpenAI board observer seat amid regulatory scrutiny
▼ + stars: | 2024-07-10 | by ( ) edition.cnn.com time to read: +2 min

CNN —Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. Microsoft took a non-voting, observer position on OpenAI’s board in November last year after OpenAI CEO Sam Altman took back the reins of the company, which operates the generative AI chatbot ChatGPT. The seat meant it could attend OpenAI’s board meetings and access confidential information but had no voting rights on matters including electing or choosing directors. The observer seat and Microsoft’s more than $10 billion investment in OpenAI have triggered unease among antitrust watchdogs in Europe, Britain and the US over how much control it exerts over OpenAI. Microsoft cited OpenAI’s new partnerships, innovation and growing customer base since Altman’s return to the startup for giving up its observer seat.

Persons: Sam Altman, OpenAI Organizations: CNN, Microsoft, British Locations: OpenAI, Europe, Britain

☆ China food safety scandal: Cooking oil carried in same trucks as fuel, report claims
▼ + stars: | 2024-07-10 | by ( Simone Mccarthy | Joyce Jiang | ) edition.cnn.com time to read: +9 min

Experts quoted in official media also discussed health hazards of the alleged practices. “Using chemical tankers for edible oils will inevitably result in residual contamination,” said Liu Shaowei, a food safety expert cited by CCTV. Several executives found to be responsible for the 2008 case were ultimately handed death sentences, and the tragedy drove deep mistrust of domestic products and food safety in China. Another case in 2022, also exposed by state media, showed how “dirty” pickled cabbage was supplied to popular instant noodle brands. Xi has repeatedly stressed the importance of food safety and the security of grain and food staple supplies.

Persons: Xi Jinping, –, ”, Liu Shaowei, Liu, ’, ‘, Xi, ” Xi, Yanzhong Huang, Huang, “ Organizations: Hong Kong CNN, Oil Group, Council, CCTV, ” Communist Party, Weibo, Monday, CNN, Food Safety, Foreign Relations Locations: China, Hong Kong, Beijing, Communist, New York

☆ Incumbents pay the price in year of global elections
▼ + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

And elections in Taiwan and South Korea proved the dynamism of the idea that free elections can promote stable governance. The two round French election system once again kept the far-right out of power on Sunday but Macron’s gamble didn’t exactly pay off. An era of political turmoil now looms with a hung parliament, a likely shaky coalition and instability ahead of the next presidential election in 2027. Kevin Coombs/ReutersIndonesiaPrabowo Subianto, a former army general, won the presidential election in the world’s fourth most populous nation, which is home to its largest Muslim population. IranIran wasn’t supposed to have a presidential election this year.

Persons: El, they’ve, Donald Trump’s, Joe Biden, Trump —, Ursula von der Leyen, Emmanuel Macron, Le, Macron, Keir Starmer, Kevin Coombs, Suharto, Narendra Modi, Adnan Abidi, Imran Khan, Nawaz, Asif Ali Zardari, Benazir Bhutto, Sheikh Hasina, Vladimir Putin, Alexey Navalny, Putin, El Salvador, Nayib Bukele, ”, Bukele, Claudia Sheinbaum Pardo, ObturadorMX, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, Lai Ching, Yoon Suk Yeol, André Ventura, Peter Pellegrini, Robert Fico, Fico, Nelson Mandela —, —, Macky Sall, Sall, Bassirou Diomaye Faye, Ebrahim Raisi, Ayatollah Ali Khamenei, Masoud Pezeshkian, ultraconservative Saeed Jalili, Pezeshkian Organizations: CNN, European Union, United States –, France, European People’s Party, Popular Front, Britain Voters, Conservative, Labour Party, Reuters, Reuters Indonesia Prabowo, Bharatiya Janata Party, BJP, Pakistan Muslim League, Pakistan People’s Party, Bangladeshi, Kremlin, El, El Salvador Strongman, El Salvador —, Getty, Democratic Progressive Party, Portugal Incumbents, Democratic Alliance coalition, Putin, Russian, South Africa Voters, National Congress, ANC, Democratic Alliance Locations: France, Britain, Iran, El Salvador, Slovakia, Russia, Indonesia, Mexico, South Africa, United States, India, Senegal, Taiwan, South Korea, Germany, London, Reuters Indonesia, Subianto, New Delhi, Reuters Pakistan, Pakistan, —, Bangladesh, South Asia, America, China, Beijing, Portugal, Ukraine, Europe, Senegal Senegal, Africa, Sall, Iran Iran, Islamic Republic

☆ Abolish HOAs: Homeowner Associations Make It Harder to Own a House
▼ + stars: | 2024-07-08 | by ( Ned Resnikoff | ) www.businessinsider.com time to read: +10 min

These private quasi-governments are called homeowner associations, or HOAs. While California has the most HOAs of any state (50,000), Florida has far more HOA residents as a percentage of its population. The association also provided its residents with "the usual privileges of a citizen in any free state," Tullock wrote. Readers will not be shocked to learn that Clarke and Freedman also found that HOA residents were more likely to be white or Asian than non-HOA residents. (Cashin observed that several states, including New Jersey and Texas, had laws allowing HOA residents to subtract the cost of privately provided infrastructure from their taxes.)

Persons: Norman Rockwell, Ron DeSantis, HOA, Quinn Slobodian, HOAs —, Gordon Tullock, Tullock, it's, Jim Crow, Wyatt Clarke, Matthew Freedman, Clarke, Freedman, Robert Reich, Sheryll Cashin, Cashin, HOAs Organizations: Gov, Guardian, HOAs, George Mason University, HOA Locations: An, HOA, Florida, While California, Rossmoor , California, America, Pima County, New Jersey, Texas, That's

☆ Israel says its operation in Rafah is ‘limited’. Fighting there has left parts of it unrecognizable
▼ + stars: | 2024-07-07 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +4 min

But CNN cannot independently verify his claims: Israel has barred foreign journalists from entering Gaza independently and our only access is via embeds with the Israeli military. The area was seized by the Israeli military, which says it has uncovered dozens of tunnel shafts as well as rocket launchers used to fire rockets into Israel. He won’t say exactly how long Israeli forces will need to occupy this corridor, but says it could be weeks or months. Jeremy Diamond/CNNHagari also says Israeli forces killed more than 900 Hamas fighters in Rafah and are close to defeating Hamas’s Rafah brigade. As for the Rafah ground operation, Hagari cannot say whether it will be the last in Gaza.

Persons: Humvees, I’ve, Khan Younis, ”, Daniel Hagari, Hagari, Jeremy Diamond, Israel, –, ” Hagari, CNN Hagari, Hamas’s, we’ll Organizations: CNN, Hamas, Hamas’s Rafah Locations: Rafah, Gaza’s, Israel, Gaza, Egypt

☆ Pakistan Withers Under Deadly Heat and Fears the Coming Rains
▼ + stars: | 2024-07-06 | by ( Zia Ur-Rehman | ) www.nytimes.com time to read: +1 min

In nearly every corner of Karachi, there are signs of the heat wave scorching the sun-baked city. Hundreds of patients suffering from heat-related illnesses pour into the hospitals every day, pushing them far past their capacity. Even the usually bustling markets and streets have emptied as people avoid leaving their homes unless they must. In a particularly dire eight-day stretch late last month, temperatures reached 104 degrees Fahrenheit (40 degrees Celsius), with high humidity adding to the misery. That was the hottest since 2015, a year when officials reported that more than 1,200 people died from heat-related causes in Karachi.

Organizations: Asia roasts Locations: Karachi, Pakistan’s, Asia

☆ This Italian vacation hotspot is turning tourists away as it runs out of water
▼ + stars: | 2024-07-06 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +9 min

CNN —Set atop a hill on the Italian island of Sicily, Agrigento is a heritage tourist’s paradise. Sicily began enforcing water restrictions in February when the region declared a state of emergency amid a relentless drought. Tourists at the Temple of Concordia, an ancient Greek archeological site outside of Agrigento in southern Sicily, Italy. Sicily’s regional president, Renato Schifani, said the island’s losses — between crops, empty reservoirs and dying livestock — have already topped €1 billion. “The consortium used to guarantee water rotation every five or six days,” he said, referring to a farmers representative group.

Persons: Leisa Tyler, LightRocket, “, ” Giovanni Lopez, Diana Santanchè, Summers, Marco Maccarrone, ”, Maccarrone, Fabrizio Villa, Nicola Farruggio, Francesco Picarella, ” Picarella, Luca Cammarata, He’s, Alberto Pizzoli, ANBI, Renato Schifani, CNN’s Antonia Mortensen Organizations: CNN, of, Sicilian, Italian National Institute for Environmental Protection, Research, Getty, Sicily’s Hotel Federation, Agrigento’s Hotel Federation, of Culture, Water Resources Locations: Sicily, Agrigento, Italy, Rome, Syracuse, Pergusa, Italian, Caltanissetta, Mount Etna, AFP

☆ 'One of the greatest ways to invest in Asia': Fund manager names 6 under-the-radar stocks to buy
▼ + stars: | 2024-07-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Portfolio manager Richard Kaye is bullish on the Japanese market and believes it offers an opportunity "a lot of people don't recognize." The stronger performance of Japanese equities follows the Tokyo Exchange Group's push for reforms last year. Stocks to play Kaye believes several sectors and stocks in Japan make good plays right now. Among the companies on his radar are Fanuc Corp and Keyence Corp which are in the business of automation products. In medical electronics and health care, Kaye is bullish on Shimadzu Corp and Sysmex Corp .

Persons: Richard Kaye, Kaye, CNBC's Organizations: Tokyo Exchange, Fanuc, Keyence, Shimadzu Corp, Sysmex Corp, Tokyo Disney Resort, Tokyo Stock Exchange, U.S Locations: Japan, Asia, China, Tokyo, U.S

☆ For George Stephanopoulos, 22 Minutes of Probing the Personal.
▼ + stars: | 2024-07-05 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

It was, in the end, an interview as personal as it was political, a cross-examination more focused on the psyche and the inescapable reality of aging than on any points of policy or governance. Respectfully but firmly, the ABC anchor George Stephanopoulos on Friday pressed President Biden, again and again, on the basic questions that Americans had asked themselves over the past eight days, since 51 million people saw a diminished Mr. Biden struggle to perform on the debate stage. “Are you more frail?”“Have there been more lapses?”“Have you had a neurologist, a specialist, do an examination?”And as Mr. Biden dismissed all those concerns one by one — flicking away the cascading worries about his health, his electability, his capacity to serve in his office for four additional years — Mr. Stephanopoulos zeroed in on the matters of pride, dignity and self-worth swirling beneath the surface.

Persons: George Stephanopoulos, Biden, Mr, Stephanopoulos Organizations: ABC

☆ JPMorgan says the drop in this beer stock is overdone and calls it a buying opportunity
▼ + stars: | 2024-07-05 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Constellation Brands could be poised for a breakout after a 3% sell-off Wednesday and a lukewarm first half of 2024, according to JPMorgan. Shares of the beer maker are ahead almost 4% in 2024, lagging the broader market. JPMorgan analyst Andrea Teixeira said the sell-off was "unjustified" and noted that the recent pullback could present a buying opportunity for investors to capture potential margin improvement thanks to stronger beer sales. STZ YTD mountain Constellation Brands shares in 2024. Constellation Brands, home to beer brands Modelo Especial and Corona, is the largest domestic beer importer.

Persons: Andrea Teixeira, Teixeira Organizations: Constellation Brands, JPMorgan, Constellation, Modelo Especial Locations: Corona

☆ Opinion: Kamala Harris and Gretchen Whitmer could make a winning ticket for Democrats
▼ + stars: | 2024-07-05 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

Not only would a ticket with Kamala Harris as president and Michigan Gov. Both Harris and Whitmer have been passionate and effective champions of what could be the defining issue in 2024: reproductive rights. Finally, both Harris and Whitmer were once prosecutors, and their ticket would create a ready-made television spot: the law-and-order prosecutors versus the convicted felon. In addition, both Harris and Whitmer could use their laser-like prosecutorial skills to combat Trump’s endless exaggerations, false claims, and disinformation. Do Harris and Whitmer reflect our values, or does Donald Trump?

Persons: Julian Zelizer, ”, Joe Biden, Donald Trump, Kamala Harris, Gretchen Whitmer, David Axelrod, Hillary Clinton, Harris, Whitmer, Trump, Roe, Wade, Gen Xers, Bill Clinton, Al Gore, George H.W, Bush, Dan Quayle, Biden, Ronald Reagan Organizations: CNN, Princeton University, Twitter, Michigan Gov, Democratic, Trump, “ Voters, Republican, Supreme Locations: mobilizers, California, United States

☆ The number of Gen Zers who aren't in work or school is rising. Here's how to tackle it, according to experts.
▼ + stars: | 2024-07-02 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewA growing number of young people globally are struggling to stay in work or school. "They are searching for places where they can be true to themselves, where mental health is not looked down upon but helped, and where working sometimes from home or a coffee shop is possible." AdvertisementRather than jump on the first opportunities that come along, voluntary NEETs are holding back for the right job. Better guidanceOther career experts agreed that development should start early so students understand the variety of different paths available to them. Experts remain divided over how to address the rise in NEETs, in part because no solution would work for all.

Persons: —, Louis, there's, Sen, Tim Kaine, who's, Nezih Allioglu, Michaela Wright, Friederike Fabritius, Fabritius, Fabritus, Kleeman Organizations: Service, International Labour Organization, Louis Federal Reserve's Institute for Economic Equity, Business, European Commission, Young Enterprise, Governance Association, New Workforce, Prince's, Labour Force Survey, Sustainability, HSBC UK, Google, Deloitte, WSJ Locations: NEETs, NEETS

☆ How Rak Garg became Bain Capital Ventures' youngest partner at just 27 years old in less than 3 years
▼ + stars: | 2024-07-02 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

After spending two years building products at Atlassian, Garg quit his job to start his own company. However, through his efforts to start a company, Garg met Enrique Salem, a board member of Atlassian and partner at Bain Capital Ventures, the multi-stage venture fund managing over $10 billion in assets and a unit of Bain Capital. In response, Garg helped start Atlassian Access, a new identity management product that scaled to thousands of customers. AdvertisementBecoming BCV's youngest partner in under 3 years"I didn't know anything about venture," Garg said. "We are very high-touch in how we work with these companies," Garg said.

Persons: —, Garg, Enrique Salem, Salem, Rak Organizations: Service, Business, Bain Capital Ventures, Bain Capital, BCV, UCLA, Atlassian, Viso Trust, BCV Labs Locations: Atlassian, Delhi, Bay, ideating

☆ Supreme Court dissents take a 'darker tone' on Trump immunity ruling
▼ + stars: | 2024-07-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Supreme Court Justices Sonia Sotomayor, Ketanji Brown Jackson and Elena Kagan laid out grim visions of U.S. democracy in their joint written dissents to the court's Monday decision on former President Donald Trump's claim of presidential immunity from criminal prosecution. "In every use of official power, the President is now a king above the law," Sotomayor wrote. It's more of a warning," LaCroix told CNBC in an interview about the three dissents, written by the only three justices nominated to the court by Democratic presidents. The immediate effect was to send special counsel Jack Smith's criminal election fraud case against Trump back to U.S. District Judge Tanya Chutkan. She will have to rule on whether the criminal charges pertain to official acts Trump carried out as president, granting him immunity, or his private conduct.

Persons: Sonia Sotomayor, Ketanji Brown Jackson, Elena Kagan, Donald Trump's, Sotomayor, Jackson, Alison LaCroix, LaCroix, Jack, Tanya Chutkan, Trump Organizations: University of Chicago, CNBC, Democratic, Trump, Republicans Locations: U.S

☆ Taiwan tops Asia's best-performing stock markets so far in 2024 — Japan is No. 2
▼ + stars: | 2024-07-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

A screen displays stock figures at the Taiwan Stock Exchange Corp. headquarters in Taipei, Taiwan, on Monday, Jan. 15, 2024. The Taiwan Weighted Index has surged 28% so far this year, powered by stocks along the AI value chain. While Taiwan may lead Asian markets, Japan seems to be the favored market going forward, among analysts who spoke to CNBC. While most Asian markets are in positive territory year-to-date, three stock markets — Thailand, Indonesia and the Philippines — fell into negative territory. The CME FedWatch tool indicates that 61% of traders expect the Fed to cut rates by 25 basis points in the September meeting.

Persons: Foxconn —, Hai Precision Industry —, Rahul Ghosh, Rowe Price, Ghosh, Ben Powell, Powell, Neel Kashkari, Ken Orchard Organizations: Taiwan Stock Exchange Corp, Bloomberg, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Intelligence, Nikkei, CNBC, BlackRock Investment Institute, Bank of Japan, Federal, U.S, Fed, Minneapolis Federal Locations: Taipei, Taiwan, Asia, Pacific, Japan, BlackRock, Thailand, Indonesia, Philippines, Jakarta, Philippine, U.S

☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
▼ + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.

Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post

☆ Activist Jana has a stake in Rapid7. There are two paths to bolster value at the cybersecurity company
▼ + stars: | 2024-06-29 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.

Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7

☆ Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent
▼ + stars: | 2024-06-28 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. WASHINGTON — The Supreme Court on Friday overturned a 40-year-old precedent that has been a target of the right because it is seen as bolstering the power of "deep state" bureaucrats. It is the latest in a series of rulings in which the conservative justices have taken aim at the power of federal agencies. The ruling was 6-3 with the conservative justices in the majority and liberal justices dissenting. The Trump administration had embraced the war on "deep state" agency power, selecting judicial nominees in part based on their hostility to the federal bureaucracy.

Persons: WASHINGTON —, Chevron, John Roberts, Elena Kagan, Reagan, Magnuson, Trump, Gorsuch, Kavanaugh, Barrett, Joe Organizations: U.S, Supreme, WASHINGTON, Chevron, Natural Resources Defense, Liberal, Republican, Democratic, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump Locations: Washington , U.S, New England

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