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☆ More startups are being spun out of Klarna than any other European fintech unicorn
▼ + stars: | 2024-10-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Accel labels these companies "founder factories," on the basis that they have become breeding grounds for talent that often go on to establish their own firms. However, most of the biggest fintech founder factories come from Europe. Asked about why Klarna topped the ranking of fintech founder factories in Europe, Bocchio said: "Klarna is an organization that is coming of age now." Nearly two-thirds (61%) of companies founded by former employees of fintech unicorns were founded in the same city as the unicorn, according to Accel. This, he said, "speaks to the maturity and appetite" of individuals within Europe's fintech founder factories.

Persons: Block's, Nikolas Kokovlis, Luca Bocchio, Sebastian Siemiatkowski, Siemiatkowski, Klarna, Accel's Bocchio, Bocchio Organizations: Nurphoto, Getty, Accel, Klarna, CNBC, London Locations: Europe, London, Berlin, Stockholm, Israel, Europe's

☆ The origins of bubble tea, one of Taiwan’s most beloved beverages
▼ + stars: | 2024-10-21 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +11 min

It all started with foam teaInvented in the 1980s, bubble tea (also called “black pearl tea” or “boba tea”) is a beloved Taiwan classic. Lin Hsiu Hui, product manager at bubble tea chain Chun Shui Tang, said she created the very first glass of bubble milk tea at a staff meeting in 1988. Bubble tea chain Easy Way argued in a press conference, “Why don’t you ask people to skip drinking Coke instead?”The saga was dubbed the “bubble tea for arms” incident by local media. Bubble tea 2.0Bubbleology founder Assad Khan says his first bubble tea experience was 'love at first sip.' But no matter how funky you get with the recipe, the soul of a good bubble tea has always been, well, the tea.

Persons: that’s, Simu Liu, Canadian Liu, “, it’s, Chang Fan Shu, yao, shou yao, ”, Tseng, Tsang, Tu Tsong, – Tu, Tu, ” Tu, Lin Hsiu Hui, Tang, ” Lin, Chun, Chun Shui Tang, boba ”, Amy Yip’s, Assad Khan, ” Khan, Bubbleology, It’s Organizations: CNN, Marvel, CBC, Chun, CNN Travel, Chun Shui Tang, hawker, Defense Ministry Locations: Hong Kong, Canada, Quebec, Canadian, Taiwan, ”, Tainan, Hanlin, United States, China, Assam, hawker, Asia, British, Chinatown, New York, Lankan

☆ The most famous athlete born in every state
▼ + stars: | 2024-10-21 | by ( Tyler Lauletta | Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

Serena Williams may have gotten her start on tennis courts in Compton, but she was born in Michigan. Take a look below and see the most famous athlete born in your home state. Grand Slam champion Serena Williams has a similar story; though she was raised on the tennis courts of Compton, California, she was born in Saginaw, Michigan, in 1981. In the meantime, we've listed of the greatest athlete from every state based on where they were born. AdvertisementTake a look below and see if you can guess the most iconic athlete from your home state.

Persons: Serena Williams, —, Michael Jordan's, Williams, We'll, we've Organizations: Service, NBA, Angel City FC, Serena Ventures, Forbes Locations: America, Compton, Michigan, Chapel Hill, Chicago, Brooklyn , New York, Compton , California, Saginaw , Michigan

☆ I'm a doctor, CEO, and mother of 3. I set aside time to be fully present with my family every day, but I wish I had more to give.
▼ + stars: | 2024-10-21 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

I began a private practice, providing personalized psychiatric care and psychotherapy, focusing on women's mental health and perinatal mental health. I also now have a digital mental health platform. Now, as the cofounder and CEO, I'm caring for patients and working to raise awareness of relevant mental health issues. 5 p.m. - 7 p.m.:Dinner time is family time — I block my work calendar to be fully present during these hours. The evening usually involves playing with the toddlers and caring for the baby, but by this point, I'm pretty exhausted.

Persons: Sarah Oreck, Oreck, —, Emma Sugerman, he's, doesn't, I'm, We've, Lauryn Haas Organizations: Mavida, Service, Mavida Health, Health, lhaas Locations: Los Angeles, East Coast, LA

☆ UBS sells its 50% stake in Swisscard to American Express
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express , Swisscard said in a statement. After the deal, Amex will become the sole owner of Swisscard, with Credit Suisse customers transferring to the existing UBS credit card platform. Swisscard said it would continue to issue all other cards it issues under the American Express, Mastercard and Visa licenses and will continue to operate the American Express business in Switzerland. Following its emergency takeover last year, UBS is now divesting parts of the Credit Suisse business.

Persons: Swisscard, Amex Organizations: UBS, Credit Suisse, American Express, Mastercard, Visa, Credit Suisse Securities Locations: Krakow, Poland, Switzerland, China, Swisscard

☆ These tech investors are trawling UC Berkeley to fund the next Perplexity or Databricks
▼ + stars: | 2024-10-21 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

The University of California, Berkeley, is the top producer of alumni starting tech companies. Founded by Jeremy Fiance, The House Fund targets Berkeley-affiliated startups like Databricks. Related stories"I was learning more and more about what The House Fund is from the outside in," Hargreaves said. His move from Founders Fund to The House Fund hasn't been previously reported. The House Fund said it can write checks up to $10 million.

Persons: Jeremy Fiance, Zachary Hargreaves, —, Jeremy, Aravind Srinivas, Hargreaves, it's, Fund hasn't Organizations: University of California, Fund, Berkeley, House Fund, Service, College of Computing, Data Science, Society, The, SpaceX, Founders Fund, Investors, Stanford, Massachusetts Institute of Technology, Berkeley Endowment Management Company, UC Investments, Ahoy Locations: Berkeley

☆ Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth
▼ + stars: | 2024-10-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.

Persons: Baiju Bhatt, Bhatt, Robinhood, —, Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay

☆ Britain faces warnings of a tech exodus over tax plans ahead of high-stakes budget
▼ + stars: | 2024-10-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Last week, U.K. Prime Minister Keir Starmer told Bloomberg that such speculation was "wide of the mark." Several entrepreneurs and investors have warned that the U.K. could face an exodus of technology entrepreneurs as a result of the reported tax changes. Calling the government's plan on capital gains tax the "biggest" issue for entrepreneurs, Stebbings said: "I know fewer entrepreneurs will be here. Not everyone agrees that capital gains tax shouldn't be increased to raise public finances. The analysis found that capital gains tax was not a primary driver of investment decisions, with entrepreneurs more focused on issues like access to financing, market opportunities and broader economic conditions.

Persons: Rachel Reeves, Keir Starmer, Reeves, Giles Andrews, Rishi Khosla, Victor Riparbelli, I've, Adam French, Harry Stebbings, Stebbings Organizations: Britain's, Getty, LONDON, Guardian, Bloomberg, Times, CNBC, Treasury, The Entrepreneurs Network, for Public, Research Locations: British, BADR, Europe, Paris, Berlin, U.S

☆ Ex-Twitter CEO Parag Agrawal has moved his AI startup out of stealth, calling it Parallel
▼ + stars: | 2024-10-21 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Parag Agrawal updated his LinkedIn page with his AI startup's name for the first time: Parallel Web Systems. The ex-Twitter CEO raised about $30 million for the startup, The Information reported in January. AdvertisementThe former CEO of Twitter has moved his AI startup out of stealth mode with a previously unknown name: Parallel Web Systems. Agrawal raised about $30 million for the startup, The Information reported in January when the startup's name was still unknown. From Twitter to AI startupAgrawal was the CEO of Twitter from November 2021 to October 2022, when Elon Musk fired him following his acquisition of the platform.

Persons: Parag Agrawal, Parallel's, —, Agrawal, Elon Musk, Kurt Wagner's, Wagner, Musk, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Systems, AIs, Service, Twitter, Khosla Ventures, Index Ventures, LinkedIn, Company, Shapley Inc, Business Locations: Palo Alto , California, San Francisco

☆ A new anti-missile laser downed 100% of its targets while fighting multiple threats at once, UK defense officials say
▼ + stars: | 2024-10-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The UK says a new anti-missile laser for its aircraft defeated 100% of its targets in a live test. AdvertisementThe UK Defense Ministry said on Sunday that it successfully tested a new air-defense system that tracks missiles midflight and jams them with a precision laser. A new air protection laser defeated 100% of threats during recent live-fire trials. The UK is likely to offer this new technology to its allies, with the ministry statement saying it would be available to "export customers." October 21, 2024: This story was updated to reflect a response from the UK Defense Ministry.

Persons: —, it's, It’s Organizations: Service, UK Defense Ministry, Leonardo, Thales, Royal Air Force, Business, RAF, — Ministry of Defence Locations: Sweden

☆ Musk promises to award $1 million each day to a signer of his petition
▼ + stars: | 2024-10-20 | by ( ) www.cnbc.com time to read: +2 min

Billionaire Elon Musk promised on Saturday to give away $1 million each day until November's election to someone who signs his online petition supporting the U.S. Constitution. And he wasted no time, awarding a $1 million check to an attendee of his event in Pennsylvania aimed at rallying supporters behind Republican Donald Trump. Musk started America PAC, a political action organization he founded in support of Trump's presidential campaign. The petition Musk is asking people to sign reads: "The First and Second Amendments guarantee freedom of speech and the right to bear arms. Trump in turn has said if elected he would appoint Musk to head a government efficiency commission.

Persons: Elon Musk, Billionaire Elon Musk, Republican Donald Trump, John Dreher, John, Dreher, Kamala Harris, Musk, Harris, Trump, carmaker Tesla Organizations: SpaceX, Tesla, Ridley High School, Billionaire, U.S, U.S . Constitution, Republican, Trump, Democratic, America PAC, Forbes Locations: Folsom , Pennsylvania, U.S ., Pennsylvania, Harrisburg, U.S

☆ America's New Economic Supercycle: Growth, Prices, Stock Market Chaos
▼ + stars: | 2024-10-20 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.

Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States

☆ This is OpenAI CEO Sam Altman's favorite question about AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Earlier this year, Sam Altman discussed the future of artificial general intelligence at Harvard. Altman said he envisions AGI as a tool to enhance productivity and create shared intelligence. OpenAI's mission is to develop AGI, a form of intelligence that mimics human reasoning. AdvertisementSam Altman, the CEO of OpenAI, is always in the media spotlight, fielding many questions. It showed him one part of "what the post-AGI world can look like," Altman said on the Life in Seven Songs podcast.

Persons: Sam Altman, Altman, —, Patrick Chung, OpenAI, AGI, — Altman, we're, it'll, Rob Price Organizations: Harvard, Service, Harvard Business School

☆ Pro-Trump group funded by Musk struggles with outreach targets
▼ + stars: | 2024-10-19 | by ( ) www.cnbc.com time to read: +5 min

Four people involved in the group's outreach told Reuters that managers warned canvassers they are missing targets and needed to raise the number of would-be voters they contact. Another person briefed on the matter said America PAC was struggling to find sufficient people to conduct audits in other states. Musk, ranked by Forbes as the world's richest person, so far has supplied at least $75 million to America PAC, according to federal disclosures, making the group a crucial part of Trump's bid to regain the White House. In Nevada, it isn't clear whether Young's audit has concluded, reached any findings or prompted any change in America PAC's outreach. America PAC recently updated its website to prominently display advertisements seeking canvassers.

Persons: Elon Musk, Donald Trump, canvassers, Alysia McMillan, McMillan, We're, we've, Trump, Chris Young, Young didn't, Kamala Harris, carmaker Tesla, Musk, We've Organizations: PAC Town Hall, America PAC, Republican, PAC, Election, Reuters, Wisconsin, Senior, Trump, Democratic, Forbes, SpaceX, Lone Locations: Folsom , Pennsylvania, U.S, Wisconsin, Nevada, Arizona, America

☆ Investors are piling into real estate as values skyrocket by up to 38%. 13 metros with the highest gains, and 25 that are plunging.
▼ + stars: | 2024-10-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Mortgage rates stayed high despite rate cuts, attracting cash-heavy investors to the housing market. AdvertisementDespite the central bank cutting interest rates, mortgage rates haven't followed suit. RedfinBut whether they're buying or selling, investors have been doing quite well regarding capital gains, says Elijah de la Campa, a senior economist at Redfin. Below is a list of the 39 major metro areas in descending order of median capital gains over the past year into June. What stands out most to de la Campa is that many areas with the highest capital gains are affordable, particularly Philadelphia and Warren, MI.

Persons: —, Lily Katz, Katz, Elijah de la, Campa Organizations: Providence, Service, Investors Locations: Cities, San Jose, Denver, Oakland, San Jose , CA, Portland, Oakland , CA, Providence , RI, Philadelphia, Warren , MI

☆ Venture capital is going to war over the election. Here's the data to prove it.
▼ + stars: | 2024-10-19 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +10 min

VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.

Persons: Reid Hoffman, Kamala Harris, —, hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire

☆ Nvidia, Google, Microsoft and more head to Las Vegas to tout health-care AI tools
▼ + stars: | 2024-10-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Costfoto | Nurphoto | Getty ImagesNvidia , Google , Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase artificial intelligence tools they say will save doctors and nurses valuable time. Based on the speaking agenda and announcements leading up to the conference, AI tools to conquer administrative burdens will be the star of this year's show. Tech companies, eager to carve out a piece of a market that could top $6.8 trillion in spending by the decade's end, argue that their generative AI tools can help. Josh Edelson | AFP | Getty ImagesGoogle, for instance, said it's working to expand its health-care customer base by tackling administrative burden with AI. Vertex AI Search for Healthcare allows developers to build tools to help doctors quickly search for information across disparate medical records, Google said.

Persons: Alex Schiffhauer, Josh Edelson, Satya Nadella, Dimas Ardian, DAX Copilot, that's, Shiv Rao, Abridge Organizations: Nurphoto, Getty, Nvidia, Google, Microsoft, Las, CNBC, Mercer, Tech, AFP, Healthcare, Google's, Bloomberg Locations: Hangzhou, China, Las Vegas, Mountain View , California, Jakarta, Indonesia

☆ One of Russia's biggest automakers said it's struggling under Western sanctions after frontline complaints that its vehicles are falling apart
▼ + stars: | 2024-10-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Russian automaker Sollers is under fire over reports that its cars are breaking down along the war front. In response on Thursday, Sollers blamed Western sanctions for forcing it to switch suppliers quickly. AdvertisementA Russian contractor providing SUVs and pick-up trucks to Moscow's troops blamed Western sanctions on Thursday amid criticism that its vehicles were arriving in poor condition. The Russian automaker's recent blaming of Western sanctions is a reversal of its statements in September 2023, when it dismissed being blacklisted by the US Treasury Department. Sollers had told Russian media it did not foresee a significant impact as it already restructured its supply chain to prepare for the restrictions.

Persons: Sollers, —, UAZ, Dmitry Rogozin, Rogozin, he's, He's, Gazeta.RU Organizations: Service, Ulyanovsk Automobile Plant, NATO, Telegram, Business, Ford Motor Company, Mazda, US Treasury Department, European Union Locations: Russian, Ulyanovsk, Moscow, Ukraine, Roscosmos, Michigan, Russia, Vladivostok, Sollers

☆ Luminate helmet could help stop hair loss during cancer treatment
▼ + stars: | 2024-10-18 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —For cancer patients, the hair loss that may come with treatment can be hard to deal with. With some types of the disease, such as breast cancer, hair loss can occur in 99.9% of chemotherapy patients. The cost to insurers is projected to be around $1,700 per helmet; in comparison, a course of scalp cooling treatment typically costs between $1,500 and $3,000. Changing the experience of chemoAccording to Andrea Smith, nurse leader at Memorial Sloan Kettering’s Breast and Imaging Center, a cancer treatment center in New York City, the fear of hair loss affects treatment decisions. Whatever the method, avoiding hair loss is a “game-changer” for cancer treatment, Smith added.

Persons: ”, Aaron Hannon, Hannon, ” Hannon, haven’t, ” Aaron Hannon, Barbara Oliveira, Martin O’Halloran, “ I’ll, Luminate, Andrea Smith, “, ” Smith, Smith, we’ve Organizations: CNN, US Food and Drug Administration, University of Galway, Sloan, Imaging Locations: Irish, Europe, Ireland, New York City, chemo

☆ After rejecting Google takeover, cyber firm Wiz says it will IPO 'when the stars align'
▼ + stars: | 2024-10-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.

Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London

☆ Battle of the billionaires: Harris deploys Mark Cuban as Elon Musk stumps for Trump
▼ + stars: | 2024-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

The Grinch is the one that's going to be putting these small business out of business." Unlike Musk, who has donated nearly $75 million and counting to Trump-aligned groups, Cuban is not a political donor. Ben Wikler, Wisconsin's Democratic Party Chair, praised Cuban's "talents" and said he has credibility to reach voters on business and economic issues. But I trust her.”None of this, however, is unfamiliar territory for Cuban, who played a similar role in 2016 for Clinton’s ultimately unsuccessful campaign against Trump. Before that campaign, Trump and Cuban had a hot-and-cold relationship.

Persons: Elon Musk, Donald Trump, Kamala Harris, Mark Cuban, Hillary Clinton, Cuban, Harris, Doug Emhoff, Harris —, —, He’s, Kamala, Trump, Zoe Lofgren, Ben Wikler, Cuban's, Wikler, Jim Watson, Musk, ” Cuban, Chuck Todd, “, Elon, ‘ There’s, ”, Theo Von’s, Diddy, knifed Trump, I’d, Von, Clinton’s, Clinton, Stephen Colbert’s, “ Donald, Gennifer, ” Trump, Bill Clinton, — Trump, Mandel Ngan, Jeff Hauser, Lina Khan, Alexandria Ocasio, “ Harris ’ Organizations: Elon, IGN, Cuban, Venture, SpaceX, Trump, Commission, Equis Research, Wisconsin's Democratic Party, Getty, NBC News, NBA, Dallas Mavericks, Democrats, “ Major League Baseball, Security and Exchange Commission, SEC, Fox News, Department of Health, Human Services, Federal Locations: Wisconsin, Phoenix, Michigan, La Crosse , Wisconsin, Pennsylvania, AFP, Cuban, United States, Harris, Alexandria, Cortez

☆ Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +7 min

DirecTV still provides bars, restaurants, small businesses and hotels with game access — but it no longer has the exclusive rights. As a condition of that deal, EverPass included the right to build its own commercial streaming connection for “Sunday Ticket,” bypassing third-party licensing. EverPass sets all the pricing for “Sunday Ticket,” both for its new streaming product and DirecTV’s satellite offering. Sports bars concerned about having all of their TVs show games without a delay probably would opt for the DirecTV product. 3) Certain commercial establishments are using YouTube’s “Sunday Ticket” and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: DirecTV’s, EverPass, Lillian Rizzo, —, ”, Alex Sherman, Everpass, It’s Organizations: NFL, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, CNBC, Amazon Prime, ESPN, “, Dish Network Locations: Apple

☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

☆ Uncovering the mysterious side of art pricing. ‘Everyone’s trying to make money’
▼ + stars: | 2024-10-17 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

"There's very little genuine information and data on pricing," he told CNBC via video call. CNBC contacted a dozen New York City art galleries and the same number in London to request price lists for their current exhibitions. "The degree of popularity, the level of scarcity and the degree of credentialization [or] … if something has organically captured the zeitgeist," are factors, he told CNBC by phone. "Despite more online information aiding discovery and valuation, there really isn't a highly liquid global marketplace, contributing to perceptions and realities of 'black box' pricing," Tjan told CNBC in a follow-up email. Making art affordableA visitor takes a photo at the Affordable Art Fair Hong Kong, on May 16, 2024.

Persons: Harriman, they're, Paul Hewitt, Gosia Łapsa, London gallerist, Williams, Tony, Malawska, I've, I'm, Tony Tjan, Charlotte Black, Artclear, Shantell Martin, Bryan Bedder, Black, Tjan, Will Ramsay, Ben Marans Organizations: Getty, CNBC, Foundation Law, New, Society of London Art Dealers, Jeune, Ball, Art Locations: New York City, London, New York, London gallerist Lucca Hue, Hue, U.K, British, Hong Kong

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