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☆ An LGBTQ+ creator got death threats after working with Target
▼ + stars: | 2023-05-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

New York CNN —When a Target distributor reached out to Erik Carnell last year about possibly placing his brand, Abprallen, in Target stores, he was thrilled. In the following months, Carnell pitched Target and came up with designs that would be appropriate for the big box store, he said. Ultimately, Target started selling three Abprallen items for adults: A sweatshirt, a tote bag and a messenger bag, each emblazoned with a different phrase. By Wednesday, Target had pulled Abprallen items from its US stores and online market, Reuters reported. Pride month merchandise is displayed at the front of a Target store in Hackensack, N.J., Wednesday, May 24, 2023.

☆ The AI play you haven't heard of yet
▼ + stars: | 2023-05-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

This under-the-radar software stock could be the next big artificial intelligence winner investors are ignoring, according to some Wall Street analysts. Dynatrace , a Massachusetts-based software company that harnesses artificial intelligence for a host of use cases, including business analytics and application security, could win big in the latest AI arms race. DT YTD mountain Dynatrace shares in 2023 BMO Capital Markets' Keith Bachman called the stock a "clear leader" within AI in a Wednesday note to clients. He views compelling growth and margin opportunities for Dynatrace through its Grail analytics tool that uses AI to help users better understand their data. Given his conviction in Dynatrace's AI potential, Bachman raised his price target to $55 from $50 a share reflecting about 12% upside from Thursday's close.

☆ 24 Best Last-Minute Father’s Day Gifts
▼ + stars: | 2023-05-17 | by ( Sarah Grossbart | ) www.wsj.com time to read: +13 min

Father’s Day is June 19 and you’re still empty-handed, and unless you’re 8 years old, it’s no longer cute or acceptable to turn up with a handmade coupon book. For the golfing dadIf your dad is an avid golfer, an upgrade to his typical apparel is a solid gift choice. For the dad who loves long walksIf dad’s shoe collection is looking a little tired, consider a pair of Birkenstocks. And just in time for the big day, you can get a digital gift card delivered right to his inbox. For the dad who’s the life of the partyThe “king of all coolers” is how Los Angeles-based stylist Alison Deyette describes Yeti’s UV-resistant Roadie 24 Hard Cooler, which makes the polyethylene beverage tote a shoo-in for the best last-minute Father’s Day gift.

Persons: Sarah Grossbart, We’ve, here’s, K, Frank Gehry, Madeleine Albright, Condoleezza Rice, you’ll, Royce, that’s, he’s, Alex Mill, it’s, Warby Parker, Stan Smiths, you’re, Nordstrom, Alison Deyette, “ Severance, Lindsay Roberts Schey, Massager, Roberts, —, who’s, Dan Ariely, Idris Elba, Mindy Kaling, ”, Roberts Schey, Deyette, mignon, ribeye, Ogata, Roberts Shey, Madeline Diamond, Leslie Yazel Organizations: Sporting Goods, Ping, Dick’s Sporting Goods, Nordstrom, Boston, Marine, Adidas, Smart, Club, Craft Beer, Duke University, Hulu, Netflix Locations: U.S, inbox, Los Angeles, Kobe

The unboxed assembly process is intended to enable Tesla to hit that ambitious price target. Several big questions loom: What sort of impact will Tesla's process have on the auto industry overall? Body panels are painted separately, then joined together toward the end of the assembly process. If everything works as planned, the unboxed process could rewrite the industry's standard playbook and practices. Oba worked previously for the Toyota Production System Support Center, a division that helps the automaker's suppliers and others implement TPS.

☆ Microsoft bets that a fusion power plant from Helion Energy will be operating this decade
▼ + stars: | 2023-05-12 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Microsoft agreed to buy electricity from a fusion power plant being developed by Helion Energy. Microsoft on Wednesday agreed to buy 50 megawatts of electricity — enough to power about 40,000 homes — from a fusion power plant being developed by Helion Energy. The seventh prototype, expected be completed this year, is set to be the first to convert fusion energy into electricity, Kirtley said. If Helion doesn't deliver Microsoft the 50 MW of electricity from its fusion power plant, there will be financial penalties, Kirtley said. Helion had previously projected that it would start building a commercial fusion power plant by 2022 — if it obtained sufficient funding.

☆ Glass Lewis backs two of Icahn's nominees for Illumina
▼ + stars: | 2023-05-11 | by ( ) www.reuters.com time to read: +2 min

May 10(Reuters) - Proxy adviser Glass Lewis said on Wednesday Illumina Inc (ILMN.O) shareholders should vote for two of Carl Icahn's nominees to the firm's board, as representatives who can challenge the current board would be beneficial to the company. Glass Lewis added shareholders should vote against the re-election of the current chief Francis deSouza and chair John Thompson, saying they had enough reasons to advocate for a new chair. Icahn, who owns 1.4% of Illumina, began a boardroom battle at the gene sequencing company in March. Glass Lewis said in a report it recommends shareholders support Icahn's nominees, Vincent Intrieri and Andrew Teno, adding the company's $7.1 billion acquisition of cancer-testing firm Grail had been a "costly, distracting, value-crimping millstone" for Illumina. However, it did not extend support to Icahn's third candidate, Jesse Lynn, adding that election of all three candidates was not needed.

☆ Microsoft agrees to buy electricity generated from Sam Altman-backed fusion company Helion in 2028
▼ + stars: | 2023-05-10 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

Photo courtesy HelionMicrosoft said Wednesday it has signed a power purchase agreement with nuclear fusion startup Helion Energy to buy electricity from it in 2028. "This is the first time that I know of that a company has a power purchase agreement signed," Holland told CNBC. The potential of fusion is "unbelievably huge," Altman told CNBC. As of Tuesday, this is still his largest investment ever, Altman told CNBC. Carbon-free energy includes hydro, nuclear and renewables for Microsoft, a Microsoft spokesperson told CNBC.

☆ As a King Is Crowned, Some Britons Ask Why the Monarchy Persists
▼ + stars: | 2023-05-05 | by ( Sarah Lyall | ) www.nytimes.com time to read: +1 min

In a scene in the 1975 movie “Monty Python and the Holy Grail,” King Arthur roams around the English countryside attempting to gather knights for the Round Table. When he declares, “I am your king!” to a deeply unimpressed peasant, her response is both absurd and blindingly obvious. As long as there has been a monarch in this country — for more than a 1,000 years — there have been questions about the legitimacy of the monarchy. “One of the reasons that the monarchy persists is that we don’t often have serious conversations about why we have a monarchy,” said Alastair Bellany, an English-born historian at Rutgers University specializing in 16th- and 17th-century Britain. I think a serious country has to look in the mirror.

☆ 'We're not at the moon yet': Human-like A.I. is still some way off, early investor in Google's DeepMind says
▼ + stars: | 2023-05-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

"In terms of artificial general intelligence, OpenAI, ChatGPT stuff: it's like saying we're going to jump to the moon," Humayun Sheikh, a founding investor in AI startup DeepMind, which is now owned by Google , told CNBC in an interview. We are still some way off reaching human-level artificial intelligence despite rapid advances in the technology, according to an early investor in research laboratory DeepMind. His comments come as Google-parent Alphabet merges DeepMind with Google Brain, part of the U.S. internet giant's research division. Earlier this week, Demis Hassabis, the founder of DeepMind, told the Wall Street Journal that some form of AGI might be possible "in the next few years." How do we put that boundary around it and make sure AI doesn't go out of control?," Sheikh said.

☆ Cramer's First Take: Eli Lilly's Alzheimer's drug is 'the holy grail'
▼ + stars: | 2023-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's First Take: Eli Lilly's Alzheimer's drug is 'the holy grail'CNBC's Jim Cramer shares his thoughts on Eli Lilly's Alzheimer's drug and the banking turmoil.

If the Fed opts to pause, Treasury yields are expected to decline. Stocks that could gain on falling interest rates Here are the top stocks that are poised to move higher if the Fed signals it will pause rate increases. The gold miner benefits from a rise in gold prices, and in general, gold tends to rise when interest rates fall. Meanwhile, genetics company Illumina should gain if interest rates fall, according to its correlation to the SHY ETF. Stocks poised to gain on rate increases However, if the Fed suggests rate hikes will continue, short-term Treasury yields will likely go up, benefiting these stocks.

☆ Positive Alzheimer's drug trial data pushes Eli Lilly shares to another all-time high and brightens our outlook
▼ + stars: | 2023-05-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

LLY 1Y mountain Shares of Eli Lilly over the past 12 months. The FDA granted accelerated approval to an anti-amyloid drug — developed by Japanese pharmaceutical firm Eisai and U.S.-based partner Biogen (BIIB) — in early January. For Eli Lilly, specifically, Seigerman said the donanemab data appears to be a "home run." Eli Lilly said two participants in the Phase 3 trial died due to ARIA side effects, while a third patient did after a serious ARIA incident. The Eli Lilly logo is shown on one of the company's offices in San Diego, California, September 17, 2020.

☆ ‘Whatever It Takes’: The Street Teams Who Help Mentally Ill New Yorkers
▼ + stars: | 2023-05-03 | by ( Andy Newman | Hiroko Masuike | ) www.nytimes.com time to read: +1 min

Half a year with the street counselors who dispense free sneakers, monthly injections and gentle encouragement to some of the city’s most vulnerable and volatile residents. It had taken their team almost five months just to track down the 43-year-old homeless woman, chasing leads from the police and other homeless people. On this afternoon last August, they were trying to help her find the holy grail: an apartment where someone with a severe mental illness could build a stable life. The woman, M, flashed them a big smile. In her black baseball cap, long blond wig, oversize sunglasses and about 20 bracelets, she looked like a misplaced movie star.

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn's net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund's performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP's stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any U.S. large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

☆ Short investor Hindenburg erases fifth of Icahn empire’s value
▼ + stars: | 2023-05-02 | by ( ) edition.cnn.com time to read: +4 min

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund’s performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP’s stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any US large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

☆ Carl Icahn calls Illumina Q1 results ‘very disappointing,’ slams cost-cutting plan
▼ + stars: | 2023-04-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Carl Icahn on Friday called Illumina's first-quarter results "very disappointing" and slammed the DNA sequencing company's new plans to cut costs. "Illumina CEO Francis deSouza seems to believe that he can fool all of the people all of the time," Icahn wrote. Illumina's stock is down more than 9% since the company reported earnings. In that missive, Icahn also took shots at cost-cutting plans Illumina unveiled to improve its shrinking margins. Illumina reported a negative operating margin of 5.7% for the quarter, down from 15% during the same period a year ago.

regulators reached out to their European Union counterparts, according to emails that were obtained through a Freedom of Information request. That April, the Europeans asserted jurisdiction using a novel theory, asserting that the combination would stifle innovation in the E.U. claims that conforming to the European financial regulations — rules based on directives of the European Parliament and intended to drive social objectives — is a laudable goal. The Federal Reserve and other financial regulators face virtually constant pressure from members of Congress and international bodies to import similar, sweeping E.U. If these were isolated examples of abdication of regulatory authority to Europe, we might shrug it off.

☆ Illumina CEO touts Grail’s 100% revenue growth amid proxy fight with Icahn
▼ + stars: | 2023-04-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Illumina CEO Francis deSouza on Wednesday touted the company's controversial acquisition of Grail after revenue from the cancer test developer doubled in the last year. The Grail deal is the focus of a heated proxy fight between Illumina and activist investor Carl Icahn. Antitrust regulators in the U.S. and Europe have also ordered Illumina to divest the $7.1 billion acquisition Illumina completed in 2021. He added that the Grail deal "makes sense" for Illumina because the company can significantly expand the market for the test. But Icahn, who owns a 1.4% stake in Illumina, has called the Grail deal "disastrous" and "a new low in corporate governance."

☆ The 'holy grail' of investing accounts: How IRAs can boost your retirement savings
▼ + stars: | 2023-04-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Like workplace retirement accounts, such as 401(k)s, IRAs provide another way to save for retirement. And withdrawing money in retirement without owing any tax is the "holy grail," says Ed Slott, a certified public accountant and founder of IRAHelp.com. Roth IRAs offer no upfront deduction, because they're funded with money you've already paid taxes on. Plus, you can take out any of the money you've put in at any time without penalty. How do I open a Roth IRA?

☆ Watch CNBC's full interview with Illumina CEO Francis deSouza
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Illumina CEO Francis deSouzaIllumina CEO Francis deSouza joins 'Squawk Box' to discuss Q1 earnings results, the company's Grail acquisition challenge, the future of DNA sequencing, and more.

☆ A divided Israel stands at a perilous crossroads on its 75th birthday
▼ + stars: | 2023-04-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

And weakens the pillars that hold our nation together,” Israel’s President Isaac Herzog warned this week in a speech to Jewish groups. The legislation has plunged Israel into the largest and longest protest movement in the country’s history. Frozen peace processBut as Israel celebrates 75 years since its founding with fanfare, Palestinians mark the same event with mourning. It was during the Jewish state’s creation that more than 700,000 Palestinians were forced to flee their homes in what is now Israel. “This is the end of the era of limited conflicts,” Gallant told reporters, according to the Times of Israel.

☆ Illumina CEO Francis deSouza on Q1 earnings, Grail acquisition
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIllumina CEO Francis deSouza on Q1 earnings, Grail acquisitionIllumina CEO Francis deSouza joins 'Squawk Box' to discuss Q1 earnings results, the company's Grail acquisition challenge, the future of DNA sequencing, and more.

☆ Illumina unveils plans to cut costs as it faces shrinking margins
▼ + stars: | 2023-04-25 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

A building on the campus at the world headquarters of Illumina is shown in San Diego, California, September 1, 2021. Illumina on Tuesday unveiled plans to cut costs in a bid to improve the DNA sequencing company's shrinking margins. Among Illumina's plans is to use its NovaSeq X sequencing system to accelerate genomic discoveries. The San Diego-based company said it also plans to save by "enabling activities" in more cost-effective areas around the world. The Grail deal is also the focus of a proxy fight between activist investor Carl Icahn and Illumina.

☆ Elon Musk's super-app ambitions might be a fool's errand
▼ + stars: | 2023-04-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Whether it's charging, or not charging, for blue check marks or blowing up mega-rockets, Elon Musk's businesses get plenty of scrutiny. Insider's Paige Hagy looked into Musk's plans around turning Twitter into a super app and spoke to industry experts about the strategy. A super app, or everything app, as Musk calls it, encompasses everything (no duh!) In short, if it's something you can do on your phone, you can do it on a super app. Click here to read more about Elon Musk's plans for creating an everything app.

☆ Tech Billionaires Bet on Fusion as Holy Grail for Business
▼ + stars: | 2023-04-23 | by ( Jennifer Hiller | ) www.wsj.com time to read: 1 min

Sam Altman became a tech sensation this year as the CEO of OpenAI, the artificial-intelligence startup that seems pulled from science fiction. But Mr. Altman, who has been among Silicon Valley’s most prominent investors for more than a decade, has placed one of the biggest bets of his career on a company that might be even more futuristic: a nuclear-fusion startup called Helion Energy Inc.

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