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☆ Biden administration details plans for $42 bln investment in US internet access
▼ + stars: | 2023-06-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

The $42 billion in federal funding under the Broadband Equity Access and Deployment Program is based on a newly released Federal Communications Commission coverage map that details gaps in access. Texas and California - the two most populous U.S. states - top the funding list at $3.1 billion and $1.9 billion, respectively. But other less populous states like Virginia, Alabama and Louisiana cracked the top 10 list for funding due to lack of broadband access. The administration estimates there are some 8.5 million locations in the U.S. that lack access to broadband connections. The lack of broadband access drew attention during COVID shutdowns that forced students into online schooling.

Persons: Joe Biden, Read, Joe Biden's, Jeff Zients, Zients, Franklin Roosevelt's, COVID, Biden, Anita Dunn, Mike Donilon, Jarrett Renshaw, Scott Malone, Chris Reese, Lisa Shumaker Organizations: Infrastructure Law, White, Broadband, Federal Communications, Congress, Verizon, Comcast, Charter Communications, Thomson Locations: Texas, California, U.S, Virginia , Alabama, Louisiana, America, Chicago

☆ Wrexham's Hollywood owners join group buying into Alpine F1
▼ + stars: | 2023-06-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, June 26 (Reuters) - Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday. The 200 million euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker. "Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognised expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

Persons: Ryan Reynolds, Rob McElhenney, Alec Scheiner, Reynolds, Michael B, Jordan, McElhenney, Renault, Huntsman, Goldman Sachs, Gerry Cardinale, RedBird, Laurent Rossi, Alan Baldwin, Peter Rutherford Organizations: Otro Capital, RedBird Capital Partners, Alpine Racing, Renault, Otro, Alpine, McElhenney, Wrexham, Welsh soccer, English Football League, Main Street Advisors, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, AC Milan, New York Yankees, Formula, Benetton, Alpine Racing SAS, Thomson Locations: Alpine, Philadelphia, Wrexham, North America, Enstone, England, Viry

☆ Biden to announce $42 billion high-speed internet initiative
▼ + stars: | 2023-06-26 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

US President Joe Biden boards Air Force One at San Francisco International Airport in San Francisco, as he travels back to the White House, June 21, 2023. WASHINGTON — President Joe Biden is kicking off a more than $42 billion plan to give every American household access to high-speed internet by 2030. White House officials compared the plan to Franklin D. Roosevelt's effort to bring electricity to rural America in the 1930s. "Put simply, high-speed internet is a necessity in today's society," said Mitch Landrieu, White House infrastructure coordinator. "President Biden and Vice President Harris are committed to leaving no community behind as we connect everyone in America to high-speed internet."

Persons: Joe Biden, Gina Raimondo, Franklin, Mitch Landrieu, Biden, Harris Organizations: Air Force, San Francisco International Airport, White House, WASHINGTON, Infrastructure Law, U.S . Department of Commerce, Broadband Equity, White Locations: San Francisco, America, Texas, House

☆ Biden to detail plans for $42 billion investment in US internet access
▼ + stars: | 2023-06-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

Zients compared the broadband effort to President Franklin Roosevelt's efforts in 1936 to bring electricity to rural America. The administration estimates there are some 8.5 million locations in the U.S. that lack access to broadband connections. The lack of broadband access drew attention during COVID shutdowns that forced students into online schooling. The Biden administration will say how much of the $42 billion in funding each state will receive under the Broadband Equity Access and Deployment Program, based on a newly-released Federal Communications Commission coverage map that details access gaps. The advisers noted the economy has added more than 13 million jobs since Biden took office, including nearly 800,000 manufacturing jobs.

Persons: Joe Biden, Read, Jeff Zients, Zients, Franklin Roosevelt's, COVID, Biden, Anita Dunn, Mike Donilon, Jarrett Renshaw, Scott Malone, Chris Reese Organizations: Infrastructure Law, White, Congress, Verizon, Comcast, Charter Communications, Broadband, Federal Communications, Congressional, Thomson Locations: America, U.S, Chicago

TOKYO, June 24 (Reuters) - Nissan (7201.T) has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried out surveillance of his deputy Ashwani Gupta, four people with direct knowledge of the matter said. In the letter, Nada said Uchida carried out surveillance over a long period. Asked to comment on the surveillance investigation, Nissan said in response to Reuters: "Independent third parties have been retained to verify facts and carry out appropriate actions." Nada did not detail in the letter how he knew of the alleged surveillance of Gupta. Nada is a member of two executive committees established by Nissan in 2019 as part of a governance reform after the Ghosn scandal.

Persons: Makoto Uchida, Ashwani Gupta, Hari Nada, Nada, Uchida, Renault, Gupta, Nissan, Akira Takeuchi, Anderson Mori, Tomotsune, Carlos Ghosn, Ghosn, Jean, Dominique Senard, Luca de Meo, de Meo, Greg Kelly, Nissan's, Ampere, David Dolan, Gilles Guillaume, Kevin Krolicki, David Clarke Organizations: Nissan, Financial Times, Reuters, Renault, NISSAN, RENAULT, Thomson Locations: TOKYO, Tokyo, Lebanon, Japan, Paris

☆ A Bravo-obsessed Instagram account and podcast notched its biggest growth month ever amid 'Vanderpump Rules' #Scandoval. Here's its plan to keep the momentum going as the drama winds down.
▼ + stars: | 2023-06-22 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

The most explosive season of Bravo's "Vanderpump Rules" ended last week. The world of "Vanderpump Rules" was rocked in March when longtime cast member Ariana Madix discovered her partner of nine years, Tom Sandoval, had been having an affair with one of her close friends, Raquel Leviss. One Bravo-focused account seized the #Scandoval moment and gained 44,000 Instagram followersBravo by Betches, an Instagram account devoted to all things Bravo from Betches Media, had its biggest growth month ever during March. While growth has slowed since peak #Scandoval, the women's media company has managed to sustain some of the Vanderpump bump. Before #Scandoval, the audience for "Vanderpump Rules" had been waning and Bravo by Betches wasn't posting about the show as much.

Persons: Betches, Ariana Madix, Tom Sandoval, Raquel Leviss, dishing, Bravo, Madix, Sami Sage, Daisy Kelliher, Dylan Hafer, —, It's, lt's, Hafer Organizations: Bravo, Betches, Betches Media, Apple, Housewives, New Locations: Orange County, New York

☆ Estonia's Bolt, Starship in food delivery robot deal
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, June 21 (Reuters) - Estonian ride-hailing and food delivery startup Bolt on Wednesday said it has signed a partnership with robotics firm Starship Technologies aiming to have thousands of robots delivering food across multiple countries, starting this year. With this partnership, Starship will gain access to Bolt's more than 100 million customers in over 45 countries and 500 cities. Bolt expects delivery using robots to ultimately increase its profitability per delivery. Former Skype co-founders launched Starship in 2014 and started testing their self-driving delivery robots in London. Since then its six-wheel robots have been operational in more than 50 service areas for last-mile delivery of food, groceries, and small packages.

Persons: Supantha Mukherjee, Jason Neely Organizations: Technologies, Skype, Thomson Locations: STOCKHOLM, Estonia, London, Stockholm

☆ Creators say it takes 5 months on average to earn their first dollar and 18 months to fully support themselves, according to a new survey
▼ + stars: | 2023-06-20 | by ( Nhari Djan | ) www.businessinsider.com time to read: +2 min

A new study surveyed 1,440 creators about the time and costs that go into building their businesses. It takes influencers 18 months on average to be able to fully support themselves, the study found. The Tilt, a newsletter for professional content creators, surveyed 1,440 creators during the months of February and March as part of its third annual Content Entrepreneur Benchmark Research study. The study found that, on average, it took the creators 4.9 months to earn their first dollar, 12.7 months to turn content creation into a full-time business, and 18.4 months to be able to fully support themselves from content creation. It also took about 18.8 months for creators to be able to hire help for the first time.

Persons: Lulu, Joe Pulizzi, Pulizzi, It's

☆ A onetime Trump ally says he 'doesn't see a path' for the former president to win swing state Nevada in the 2024 general election: 'Those voters are not coming back'
▼ + stars: | 2023-06-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Trump lost Nevada in both 2016 and 2020, but Republicans think the state is winnable in 2024. In 2020, Biden flipped the key states of Arizona, Georgia, Michigan, Pennsylvania, and Wisconsin, pulling away support from many independents who had backed Trump in the 2016 election. Trump easily won the 2016 Republican presidential caucus in Nevada, when he was fresh on the political scene. And the Nevada Republican Party awarded all of its delegates to Trump in 2020. The Nevada Republican Party has sued the state to restore the caucus system next year.

Persons: Adam Laxalt, Trump's, Ron DeSantis, Trump, —, Donald Trump, Joe Biden, Biden, Democratic Sen, Catherine Cortez Masto, Laxalt, Hillary Clinton, Illinois Sen, Barack Obama's, Chris LaCivita, LaCivita, DeSantis, Cortez Masto, Republican Joe Lombardo, Steve Sisolak Organizations: Trump, Service, Democratic, Florida Gov, NBC News, Trump hasn't, Nevada, Silver State, Senate, NBC, Republican, Nevada Republican Party, GOP, The Nevada Republican Party Locations: Nevada, Arizona , Georgia, Michigan, Pennsylvania, Wisconsin, Illinois, Silver, Basque

☆ Elon Musk and Bernard Arnault – the world’s 2 richest people – had the ultimate power lunch in Paris on Friday
▼ + stars: | 2023-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The world's two richest people met for a power lunch in Paris on Friday. Elon Musk and Bernard Arnault, both worth more than $200 billion, dined at the Cheval Blanc hotel. "Power lunch" may have a whole new meaning after the world's two richest people dined in Paris on Friday. Elon Musk and Bernard Arnault, the CEO of LVMH, met at Cheval Blanc, the luxury hotel run by the French luxury conglomerate. Elon Musk and Antoine Arnault at the VivaTech conference in Paris on Friday.

Persons: Elon Musk, Bernard Arnault, Musk's, Alexandre, Antoine, LVMH, Cheval, Musk, he's, Maye Musk, Antoine Arnault, It's, Gonzalo Fuentes, Reuters Musk's, Giorgia Meloni, Meloni, Emmanuel Macron, Macron Organizations: Morning, Bloomberg, Eiffel, French, Reuters Locations: Paris, Cheval Blanc, Europe, France

☆ The leader of a starvation cult is still eating food, but 318 of his followers have died, and 64 are on hunger strike, report says
▼ + stars: | 2023-06-17 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

Followers of a starvation cult will undergo psychiatric evaluations as they continue to refuse food. Authorities have so far uncovered the bodies of 318 members of the Kenyan cult, per CNN. The members had been rescued from the Shakahola forest, which the leader dubbed a new "Holy Land." The cult's leader, Paul Nthenge Mackenzie, was reportedly arrested on April 15 amid investigations into the death of four followers who died of starvation. On Monday, the 64 cult followers were charged with attempted suicide for continuing to refuse food, according to CNN.

Persons: —, Paul Nthenge Mackenzie, Mackenzie, Smart, Paul Mackenzie, Stringer Organizations: Authorities, Kenyan, CNN, Service, Mackenzie's Good, International Church, Good News International Church, REUTERS, Twitter, Public Prosecutions, Prosecutors Locations: Shanzu, Mombasa, Kenya

☆ Elon Musk asks: 'If I'm so smart, why did I pay so much for Twitter?'
▼ + stars: | 2023-06-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk said at a conference in Paris: "If I'm so smart then why did I pay so much for Twitter?" Musk also said he was worried Twitter was having a "corrosive" impact on society. That's what Elon Musk did on Friday at a conference in Paris, quipping: "If I'm so smart, why did I pay so much for Twitter then?" "I think if someone is a regular Twitter user, then most people would say their experience has improved," Musk said. In the case of Tesla the value of the company is primarily on the basis of autonomy."

Persons: Elon Musk, Musk, Twitter, Bernard Arnault, Antoine Arnault, Bernard, Antoine, I've Organizations: Twitter, Morning, Bloomberg, Getty, Tesla Locations: Paris, Blanc

☆ Renault's Mobilize in talks with European retailer to provide charging boxes for EV
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 14 (Reuters) - Renault's (RENA.PA) new Mobilize unit is in advanced talks with a major European retailer to provide charging boxes for electric vehicles, a Mobilize spokesperson told Reuters on Wednesday. The spokesperson was confirming comments made earlier by chipmaker STMicroelectronics (STMPA.PA). Frederique Le Greves, CEO of STMicro France, had told the VivaTech conference in Paris that this would the first contract for the Mobilize PowerBox, developed by Software Republique, a tech partnership that counts Renault and STMicro among its members. Reporting by Gilles Guillaume, Writing by Dominique Vidalon; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

Persons: chipmaker STMicroelectronics, Frederique Le Greves, Gilles Guillaume, Dominique Vidalon, Benoit Van Overstraeten Organizations: Reuters, Software Republique, Renault, Thomson Locations: STMicro France, Paris

☆ Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
▼ + stars: | 2023-06-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels - the Louis Vuitton and Dior brands - as well as champagne. However, the behind-the-scenes role of the oldest of Arnault’s four sons, Antoine, hasn't been widely known. Although Antoine Arnault's work shepherding LVMH's sponsorship of the Olympic Games is taking place behind closed doors, the outcome would be highly public. Steve Martin, global CEO of M&C Saatchi Sport & Entertainment, said that while LVMH is already associated with France, a formal sponsorship of the Olympics would help to further differentiate LVMH from luxury rivals. “If we get involved it would be to help out,” LVMH fashion group CEO Sidney Toledano told Reuters.

Persons: Antoine Arnault's, Antoine Arnault, Bernard Arnault's, Bernard Arnault’s, Delphine Arnault, Dior, Antoine, Louis Vuitton, Bernard Arnault, hasn't, Tony Estanguet, Cristiano Ronaldo, Lionel Messi, ”, Steve Martin, LVMH, Martin, Sidney Toledano, –, we’re, Toledano, Mimosa Spencer, Sharon Singleton Organizations: Deal, Dior, FIFA, Olympic, Saatchi Sport & Entertainment, Olympic Games, Reuters, Thomson Locations: PARIS, LVMH, Paris, France, Qatar, Atlanta, London

☆ British payments fintech Volt in talks to raise fresh funds from Coinbase-backer IVP, sources say
▼ + stars: | 2023-06-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based fintech startup Volt is set to raise fresh funds, sources say. The company, founded in 2019, is in talks with VC firm IVP over a deal worth around $50 million. British fintech startup Volt is in talks to raise fresh capital from Silicon Valley investing firm IVP, sources say. The payments firm, founded in 2019, has already raised around $28 million to date and counts Swedish investor EQT Ventures among its biggest backers. Volt is set to raise around $50 million as part of the deal, two London-based sources said.

Persons: Slack, PSD2, IVP, Hopin, Tom Greenwood, Jordan Lawrence Organizations: EQT Ventures, Fuel Ventures, Open Finance Association, Open Banking, IFX Locations: British, Silicon Valley, London, Europe, Volt's, Brazil

☆ Mercedes won't join Renault's new electric van project-sources
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 2 (Reuters) - Mercedes Benz Group (MBGn.DE), a longtime partner of Renault (RENA.PA) in vans, won't take part in the French company's FlexEvan electric project and will focus instead on its own premium electric vehicle VAN.EA, two sources with knowledge of the matter said. A spokeswoman of Mercedes confirmed that the group had no plan to launch a mid-sized van or a large one on a different platform than VAN.EA. Renault has long sought to expand its cooperation in vans with Mercedes, but in vain. "It is true that for light commercial vehicles, the bulk (of the cooperation with Mercedes) has been done", one of the sources said. Reporting by Gilles Guilaume; Editing by Silvia Aloisi and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: FlexEvan, Mercedes, Luca de Meo, Carlos Ghosn, Gilles Guilaume, Silvia Aloisi, David Holmes Organizations: Mercedes Benz Group, Renault, Nissan, Renault Trucks, Sweden's Volvo, Mercedes, Daimler, Thomson Locations: U.S

☆ Elon Musk has displaced Bernard Arnault as the world's richest person, as Tesla stock surges and LVMH slumps
▼ + stars: | 2023-06-01 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Elon Musk has reclaimed the title of world's richest person, per the Bloomberg Billionaires Index. The electric-vehicle pioneer's wealth rose in May thanks to Tesla's stock price surging. Musk surpassed Bernard Arnault on Wednesday after Paris-listed LVMH shares fell nearly 3%. Musk's wealth passed Arnault's on Wednesday after LVMH slipped nearly 3% in Paris trading, according to the Bloomberg Billionaires Index. He's still comfortably the world's second-richest person, ahead of Bezos, who's worth $144 billion.

Persons: Elon, Bernard Arnault, —, Elon Musk, LVMH, Tesla, –, Jeff Bezos –, he's, Linda Yaccarino, Arnault's LVMH, He's, Bill Gates, Larry Ellison, Steve Ballmer, Warren Buffett, Larry Page, Sergey Brin, Mark Zuckerberg, Read, Hermes Organizations: Bloomberg, Service, Privacy, Amazon, Google Locations: Paris, Bezos

☆ At the height of the Cold War, the US Navy used a historic round-the-world operation to show off its new nuclear force
▼ + stars: | 2023-06-01 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

On July 31, 1964, three US Navy ships set off on a mission to sail around the world. Construction began on USS Long Beach in 1957 and it entered service in 1961, becoming the world's first nuclear-powered surface warship. USS Bainbridge, front, and USS Long Beach sail behind USS Enterprise in 1964. USS Bainbridge sails behind USS Enterprise during Operation Sea Orbit in August 1964. Nuclear navyNuclear-powered guided-missile cruisers USS California, USS South Carolina, USS Virginia, USS Texas, USS Mississippi, and USS Arkansas in February 1981.

Persons: —, Bainbridge —, Bob Haswell, US Navy Long, SCANFAR, Bainbridge, Theodore Roosevelt's Great, Bernard Strean, USS Bainbridge, PH1 Anthony A, Alleyne Afterward, Strean, Nimitz, Admiral Nakhimov, Pyotr Velikiy Organizations: US Navy, Service, USS Enterprise, US, Daily, Nautilus, Navy, RIM, Long, Westinghouse, Enterprise, Fleet, Nuclear, USS Locations: Mallorca, Long, —, Bainbridge, Karachi, India, Indonesia, Australia, Fremantle, Long Beach, Melbourne, Sydney, USS, Wellington, Cape Horn, Rio de Janeiro, Charleston, Norfolk, Perth, San Juan, California, USS South Carolina, USS Virginia, USS Texas, USS Mississippi, USS Arkansas, Soviet, Kirov

☆ Factbox: Companies invest in EV battery factories in Europe
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +6 min

Below are recent investments announced by companies:GERMANYSweden's Northvolt said on May 13 it will invest 3-5 billion euros ($3.3-5.5 billion) in an EV battery plant in Heide in the northern state of Schleswig-Holstein as long as subsidies are approved. Volkswagen (VOWG_p.DE) plans to build six battery factories in Europe totalling 240 gigawatt (GWh) of capacity by 2030. Production at its first battery plant, "SalzGiga", in Salzgitter in the Lower Saxony region will start in 2025. Slovakian battery manufacturer InoBat said last October it had signed a declaration of intent with the Spanish government to set up an EV battery factory in central Spain's city Valladolid, expected to cost 3 billion euros. POLANDLG Chem EV battery in Wroclaw started production in the second half of 2017, with a capacity of 100,000 batteries per year.

Persons: Helena Soderpalm, GERMANY Sweden's Northvolt, China's CATL, Germany's, Mercedes Benz, Elon Musk, Berclau, Taiwan's ProLogium, Jean, Luc Monfort, Mata, BASQUEVOLT, InoBat, China's BYD, AEHRA, Poland's, Alessandro Parodi, Tiago Brandao, Matteo Allievi, Barbara Lewis, Milla Nissi Organizations: REUTERS, Volkswagen, EV, Germany's BASF, Automotive Cells Company, ACC, Stellantis, Tesla, FRANCE Joint, France, Renault, Basque Country, Spanish, India's Tata Group, ITALY Joint, POLAND LG, European Commission, SWEDEN Northvolt's Skelleftea, Thomson Locations: Vasteras, Sweden, Europe, Asia, United States, GERMANY, Heide, Schleswig, Holstein, Salzgitter, Lower Saxony, China, Erfurt, Thuringia, Schwarzheide, Brandenburg ., Ludwigsfelde, Berlin, Kaiserslautern, Rhineland, Palatinate, Gigafactory, FRANCE, Billy, France, Dunkirk, Douai, Ruitz, Ergué, Quimper, Montreal, SPAIN Spain, Europe's, Germany, Navalmoral de, Extremadura, Sagunto, Valencia, Spain, Basque, Slovakian, Spain's, Valladolid, Britain, ITALY, Termoli, POLAND, Wroclaw, HUNGARY

But in granting her petition, the appellate judges wrote that Newsom's conclusion "fails to account for the decades of therapy, self-help programming, and reflection Van Houten has undergone in the past 50 years." It marks the first time a court has overruled a governor's denial of parole to a Manson follower, according to the Los Angeles Times. Van Houten was convicted of fatally stabbing grocery owner Leno LaBianca and his wife, Rosemary, in their Los Angeles home on Aug. 10, 1969. Van Houten's 1971 original conviction and death sentence were initially overturned on appeal, but she was retried, convicted and sentenced to prison in 1978. Reporting and writing by Steve Gorman in Los Angeles; Additional reporting by Daniel Trotta in Carlsbad, California; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Gavin Newsom, Leslie Van Houten, Charles Manson's, Van Houten, Newsom, Jerry Brown, Van Houten's, Van, Manson, Sharon Tate, Leno LaBianca, Rosemary, Tate, Roman Polanski, Abigail Folger, hairstylist Jay Sebring, Gary Hinman, Donald, Shorty, Shea, Steve Gorman, Daniel Trotta, Leslie Adler Organizations: ANGELES, Court, California Supreme, Los Angeles Times, Thomson Locations: California, Los Angeles, Angeles, Europe, Carlsbad , California

☆ Usain Bolt desperate for impactful role in track and field
▼ + stars: | 2023-05-31 | by ( ) edition.cnn.com time to read: +3 min

“Hopefully, I can play a part and help the sport to grow.”Bolt's personality was a vital ingredient in the success of track and field. America is not the biggest track and field place,” he said. “I think Paris will be big because it’s accessible and I know Paris always has a good team and good athletes over the years. At this year’s championships in Budapest, however, Bolt sees some promise of success in young sprinters Oblique Seville and Ackeem Blake. Fraser-Pryce, also 36, will be seeking a record-extending sixth world 100m title in Hungary, 14 years after making her debut in the global showpiece of track and field.

Persons: CNN — Usain Bolt, “, “ I’m, I’ve, “ We’ve, ” Bolt, Noah Lyles, It’s, ”, Cameron Spencer, Bolt, Ackeem Blake, Seville, there’s, Shelly, Ann Fraser, Pryce, Fraser Organizations: CNN, Reuters, Getty Locations: Beijing, Eugene , Oregon, America, Paris, Budapest, Seville, Jamaica, Hungary

☆ The world's richest man's plan to build a luxury hotel on LA's most famous shopping street was torpedoed after residents voted against it
▼ + stars: | 2023-05-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Beverly Hills residents voted against Bernard Arnault's plan to build a luxury hotel on Rodeo Drive. Plans for the Rodeo Drive hotel included 115 rooms with a ninth-story penthouse, private club, spa, shops, and three restaurants. A "Yes on B and C" campaign sign is displayed at the site of the proposed Cheval Blanc Hotel on Rodeo Drive. Rodeo Drive is already home to a number of Arnault's businesses, including a Dior store. Other luxury fashion brands including Prada, Gucci, Yves San Laurent, and Valentino also have stores on Rodeo Drive.

☆ This startup uses volcanic rock to capture carbon for the likes of Stripe and Microsoft. Check out the 20-slide pitch deck Undo used to raise $12 million.
▼ + stars: | 2023-05-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A startup speeding up a natural rock weathering process for carbon removal just raised $12 million. A startup spreading volcanic rock on farms as a form of carbon dioxide removal has just secured $12 million in its first institutional round led by Chris Sacca's Lowercarbon Capital. "We get a 50,000-times increase in rates of reaction versus that natural process, and we can absorb far more CO2," Mann said. The startup makes money by selling carbon removal credits. Mann wants to help regulate the industry before others try selling enhanced rock weathering without fully understanding the process and what is required.

Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.

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