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As Telefonica's rivals slashed prices to attract internet users, the Spanish company also borrowed to invest in new mobile and internet networks. But the secrecy with which STC (7010.SE) built its stake did catch some observers off guard, the person said. Telefonica said it was informed Tuesday about STC'S investment, after the companies had become more acquainted in recent months. STC sought to keep the stake under wraps until it could buy at least 9.9% of Telefonica, the person said. Middle Eastern investors have been taking stakes in Spanish companies for some time.

Persons: Violeta Santos Moura, Jose Maria Alvarez, Pallete, Alvarez, Prince Mohammed bin Salman's, UGT, Morgan Stanley, Linklaters, Motaz Al Angari, Al Angari, pare, EFG Hermes, Nadia Calvino, Inti Landauro, Tomas Cobos, Amy, Jo Crowley, Pablo Mayo, John O'Donnell, Anousha, Elisa Martinuzzi, David Gregorio, Ros Russell Organizations: Spanish Telecom, REUTERS, Rights, Telefonica, STC Group, STC, Saudi Arabia's Public Investment Fund, Foresight, Saudi, United Arab, Vodafone, Thomson Locations: Madrid, Spain, Rights DUBAI, MADRID, Silicon Valley, Saudi, Riyadh, Telefonica, Saudi Arabia, Spanish, Latin America, theocracies, United Arab Emirates, Iberdrola, Davos, Gulf, London

☆ Australia, Philippines upgrade ties to strategic partnership
▼ + stars: | 2023-09-08 | by ( Karen Lema | ) www.reuters.com time to read: +2 min

The Philippines last month held military exercises near the South China Sea with Australia, its second-largest partner in defence security. "Australia supports the 2016 South China Sea arbitral award. The Philippines, Malaysia, Vietnam, Brunei and Taiwan have claims to certain areas of the South China Sea. Most of Australia's trade also goes through the South China Sea. Albanese confirmed on Thursday he will visit China later this year, the first visit by an Australian leader since 2016.

Persons: Anthony Albanese, Ferdinand Marcos Jr, Earvin, " Albanese, Marcos, Albanese, Neil Jerome Morales, Mikhail Flores, Kanupriya Kapoor Organizations: Australia's, REUTERS Acquire, Rights, . Australian, Philippine, Forces, China, China Sea, Thomson Locations: Philippine, Manila, Philippines, Rights MANILA, Australia, South China, South, China, Malaysia, Vietnam, Brunei, Taiwan

☆ Vietnam and U.S. Forge Deeper Ties as Worries Rise About China
▼ + stars: | 2023-09-08 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

During his state visit to Vietnam on Sunday, Mr. Biden is expected to oversee the signing of a “comprehensive strategic partnership” with Hanoi, a symbolic but significant status long coveted by the United States. Vietnam has until now reserved this status for only four countries: China, Russia, India and South Korea. For years, it had resisted granting this distinction to the United States out of fear of offending China. But as Beijing continues to encroach on waters claimed by Vietnam and as the United States looks for more partners to counter China in the Indo-Pacific, the former enemies have found common ground. “Whenever they try to upgrade any significant bilateral relations, they normally tend to do it step by step because of the fear that it may cause some concern, especially from Beijing.”

Persons: Biden, ”, Nguyen Khac Giang, Yusof Organizations: Institute Locations: Vietnam, Washington, Hanoi, United States, China, Russia, India, South Korea, Beijing, Singapore

El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. El Salvador's debt repurchases last year and a still-light payments calendar were behind a rally that shrank the premium to hold Salvadoran government debt (.JPMEGDELSR) from above 3,200 basis points in July last year to about 1,000 a year later. Katrina Butt, a senior economist at AllianceBernstein, said that even as the size of the investment is yet to be made public, "Google Cloud's announcement could significantly improve macro fundamentals in El Salvador over time". "Though outperformance of El Salvador has been impressive we think the carry is still attractive given the low default risk." BNP's Marshik said the next leg of the rally could come from good news on El Salvador's relationship with the International Monetary Fund - where the United States is the largest shareholder.

Persons: Nayib Bukele, Jose Cabezas, Nathalie Marshik, Katrina Butt, Shamaila Khan, BNP's Marshik, Siobhan Morden, Rodrigo Campos, Nelson Renteria, Angus MacSwn Organizations: El, San Salvador , El, REUTERS, SALVADOR, Reuters, BNP Paribas, Google, United States, U.S . Embassy, Peace Corps, Central American, U.S, Asia Pacific, UBS Asset Management, International Monetary, IMF, Santander US Capital Markets, Thomson Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, America, Peace, El Salvador's, Asia, United States

Italy's Foreign Minister Antonio Tajani addresses the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. The hugely ambitious project sees China strengthening trade ties with large infrastructure spending in countries along the historic Silk Road route via Asia to Europe and beyond. "China is willing to work with Italy to continue to deepen mutually beneficial cooperation, explore opportunities for potential trade and investment... and promote further development of the China-Italy comprehensive strategic partnership," said He Yadong, a commerce ministry spokesperson. SENSITIVE DIPLOMACYItaly's trade deficit with China grew by 22.3 billion euros ($23.9 billion) between 2019 and 2022, according to the Italian Ministry of Foreign Affairs. So far, 90 countries have confirmed attendance, China's foreign ministry announced on Thursday.

Persons: Antonio Tajani, Henry Nicholls, Xi Jinping, Wang Yi, Italy's, Tajani, Joe Cash, Ryan Woo, Giselda Vagnoni, Alvise Armellini, Federico Maccioni, Kim Coghill, Andrew Cawthorne Organizations: Italy's, Conference, Rights, Initiative, Italian Ministry of Foreign Affairs, RAI, American Enterprise Institute, AC Milan, Inter, Thomson Locations: Ukraine, London, Britain, Rights BEIJING, China, Italy, Beijing, Asia, Europe, Rome, Inter Milan

He learned Saudi Arabia's largest telecoms operator, STC Group, aimed to be Telefonica's biggest shareholder, with an interest of 9.9%. The move is a vote of confidence in Telefonica, burdened by billions of dollars in debt while STC gains expertise to modernize Saudi telecoms infrastructure. As Telefonica's rivals slashed prices to attract internet users, the Spanish company also borrowed to invest in new mobile and internet networks. STC sought to keep the stake under wraps until it could buy at least 9.9% of Telefonica, the person said. Middle Eastern investors have been taking stakes in Spanish companies for some time.

Persons: Violeta Santos Moura, Jose Maria Alvarez, Pallete, Alvarez, Prince Mohammed bin Salman's, UGT, Morgan Stanley, Linklaters, Motaz Al Angari, Al Angari, pare, EFG Hermes, Inti Landauro, Tomas Cobos, Amy, Jo Crowley, Pablo Mayo, John O'Donnell, Anousha, Elisa Martinuzzi, David Gregorio Our Organizations: Spanish Telecom, REUTERS, Rights, Telefonica, STC Group, STC, Saudi Arabia's Public Investment Fund, Foresight, Saudi, United Arab, Vodafone, Thomson Locations: Madrid, Spain, Rights DUBAI, MADRID, Silicon Valley, Saudi, Riyadh, Telefonica, Saudi Arabia, Spanish, Latin America, theocracies, United Arab Emirates, Iberdrola, Davos, Gulf, London

☆ Partnership with China more important than Belt and Road-Italy's Tajani
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO-Italy's Foreign Minister Antonio Tajani addresses the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Henry Nicholls/Pool via REUTERS/File Photo Acquire Licensing RightsROME, Sept 6 (Reuters) - A strategic partnership between Italy and China would be more valuable than a deal such as the Belt and Road initiative, Italian Foreign Minister Antonio Tajani said on Wednesday addressing Parliament. "A strategic partnership involves all sectors, so it is more important than single bilateral agreements such as the Silk Road (Belt and Road), which so far is unsatisfactory in terms of exports and investment," Tajani said. On Wednesday Tajani repeated that the Italian government would consult parliament before finalising its position on the issue. After meeting Tajani in Beijing this week, China's Foreign Minister Wang Yi said cooperation with Italy had been fruitful despite Italian scepticism.

Persons: Antonio Tajani, Henry Nicholls, Tajani, Xi Jinping, China Tajani, Wang Yi, Francesca Piscioneri, Keith Weir, Federico Maccioni, Tomasz Janowski Organizations: Conference, Rights, Italian, Tajani, China's, Thomson Locations: Ukraine, London, Britain, Italy, China, China's, Beijing

☆ Partnership With China More Important Than Belt and Road-Italy's Tajani
▼ + stars: | 2023-09-06 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

ROME (Reuters) - A strategic partnership between Italy and China would be more valuable than a deal such as the Belt and Road initiative, Italian Foreign Minister Antonio Tajani said on Wednesday addressing Parliament. "A strategic partnership involves all sectors, so it is more important than single bilateral agreements such as the Silk Road (Belt and Road), which so far is unsatisfactory in terms of exports and investment," Tajani said. An Italian official close to the matter said that during his visit to China Tajani signalled the possibility for Italy to pull out from the BRI deal while stressing the desire to keep strong ties with Beijing. On Wednesday Tajani repeated that the Italian government would consult parliament before finalising its position on the issue. After meeting Tajani in Beijing this week, China's Foreign Minister Wang Yi said cooperation with Italy had been fruitful despite Italian scepticism.

Persons: Antonio Tajani, Tajani, Xi Jinping, China Tajani, Wang Yi, Francesca Piscioneri, Keith Weir, Federico Maccioni, Tomasz Janowski Organizations: Italian, Tajani, China's Locations: ROME, Italy, China, China's, Beijing

☆ Inside the struggles at Calibrate, a new kind of weight-loss startup that's facing a mountain of patient complaints and refunds
▼ + stars: | 2023-09-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +19 min

Weight-loss startup Calibrate has struggled to get patients access to buzzy drugs like Ozempic. Kenyon's startup Calibrate, which she launched in June 2020, is one of the healthcare companies feeding the frenzy. CalibrateThe company is now running up against several massive challenges: Weight-loss drugs are expensive and in short supply, and health insurers are increasingly reluctant to pay for them. Kenyon said about 20% of Calibrate members do not have coverage for weight-loss medications, and around half of those people request refunds from Calibrate. Want to tell us about your experience with Calibrate or weight-loss drugs?

Persons: lightbulb, Isabelle Kenyon, Kenyon, Jenny Craig, OptumRx, She's, she's, Saxenda, —, weren't, It's, they've, Holly, hadn't, hasn't, Claire Rosenzweig, Rosenzweig, it's, Andrew Kelly, Shelby Livingston, Rebecca Torrence Organizations: New, Tiger Global, Founders Fund, Optum Ventures, FedEx, Food and Drug Administration, Jefferies, Better Business Bureau, BBB, Better Business, Metropolitan New, Better, Apple, Businessolver, Optum, UnitedHealth, Employees, REUTERS, Madryn Asset Management, SM Ventures, Ventures Locations: America, New York, Danish, GLP, Florida, Metropolitan New York, slivingston@insider.com, rtorrence@insider.com

☆ Volkswagen, Renault shares hit by rare ‘sell’ rating as Chinese competition grows
▼ + stars: | 2023-09-01 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Shares in Europe’s largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors. Volkswagen was down 4.4% in late afternoon trade in Europe and Renault 5.6% lower, while the benchmark STOXX Europe 600 index was flat. China is the biggest single market for Volkswagen but its sales there have been declining in the face of pressure from local competitors. In their note, the UBS analysts highlighted the threat to the carmaker from “highly competitive” Chinese EVs. Volkswagen, Renault and other global players have been teaming up with Chinese companies, too.

Persons: ” Patrick Hummel, David Lesne, Juan Perez, Carrascosa, BYD, Warren Buffett, ”, “, —, Geely Organizations: London CNN —, Volkswagen, French, Renault, UBS, Swiss, “ Renault, China Passenger Car Association . Vehicles Locations: Europe, China

☆ Here's who's leading Morgan Stanley's cloud initiatives after the bank's lead departs for Microsoft
▼ + stars: | 2023-08-31 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Allison Gorman Nachtigal was previously the head of Morgan Stanley's cloud program. Allison Gorman Nachtigal, the former head of Morgan Stanley's cloud program, has departed the bank for the tech giant, Insider has learned. Microsoft's cloud computing program Azure is Morgan Stanley's primary cloud partner. As Morgan Stanley's new head of cloud engineering, Nam handles the plumbing behind Morgan Stanley's cloud efforts. Meanwhile, Brosnan, head of technology architecture and modernization, absorbed Morgan Stanley's cloud architecture and business enablement responsibilities.

Persons: Allison Gorman Nachtigal, Morgan, Yunchi Nam, Trevor Brosnan, Morgan Stanley, Gorman Nachtigal, Morgan Stanley's, Nam, Brosnan, Michael Poser Organizations: Microsoft

☆ Google Cloud to open office in El Salvador in seven-year partnership
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: 1 min

A screen with a Google Cloud logo is pictured during Google's presentation of a detailed investment plan for Germany outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse Acquire Licensing RightsSAN SALVADOR, Aug 29 (Reuters) - Google Cloud and the government of El Salvador announced a multi-year agreement on Tuesday that will establish an office and deliver Google Distributed Cloud services in the Central American country, Google Cloud said in a statement. The seven-year strategic partnership, pending legislative approval, will focus on the areas of digital government, healthcare and education. Reporting by Nelson Renteria; Writing by Brendan O'Boyle; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Annegret, Google Cloud, Nelson Renteria, Brendan O'Boyle, Isabel Woodford Organizations: REUTERS, SALVADOR, Google, El, Central, Thomson Locations: Germany, Berlin, El Salvador, Central American

☆ Goldman Sachs unloads another business acquired under CEO David Solomon
▼ + stars: | 2023-08-28 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The bank declined to disclose the sale price for its PFM business. Goldman said in February that it only had about 1% of the high net worth market, or those who have between $1 million and $10 million to invest. The sale "allows us to focus on the execution of our premier ultra-high net worth wealth management and workplace growth strategy" while continuing to support high net worth clients through a strategic partnership with Creative Planning, he said. Selling the PFM business will help boost profit margins in Goldman's asset and wealth management division, Jefferies analysts led by Daniel Fannon wrote Monday in a research note.

Persons: David Solomon, Goldman Sachs, Rishi Sunak, Goldman, Marc Nachmann, Daniel Fannon, Marcus, Fannon Organizations: Business, Washington DC, Creative Planning, United Capital Financial Partners, Goldman, Jefferies, Creative Locations: Washington, Washington , DC, New York, 2Q23, Kansas

☆ Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi
▼ + stars: | 2023-08-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Vcg | Visual China Group | Getty ImagesBEIJING — Chinese electric car company Xpeng said Monday it is buying Didi's smart electric car development business in an exchange of shares worth $744 million. watch nowThe startup's deal with Didi comes as many companies look for ways to grab a slice of China's growing but highly competitive electric car market. Still operating at a lossThe deals come as traditional auto giants have the cash that electric car startups lack. The Didi electric car business — held by a subsidiary called Da Vinci Auto Co. — has also racked up losses. The unit had net assets of 937 million yuan as of June 30.

Persons: Didi, Xpeng, MONA, Li Auto, — Organizations: Visual China, Getty, Volkswagen, VW, Xpeng, Li, Vinci Locations: Shanghai, BEIJING, Xpeng, Hong Kong, China

☆ China's Xpeng to acquire Didi's smart EV unit in deal worth up to $744 mln
▼ + stars: | 2023-08-28 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File photo Acquire Licensing RightsHONG KONG, Aug 28 (Reuters) - Chinese electric car company Xpeng (9868.HK) said it will acquire ride-hailing giant Didi's smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership. As part of the deal, Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment with the car to be priced in the $20,000 price tier. "Project 'MONA' will accelerate the Company's production and sales growth and help achieve greater economies of scale," Xpeng said in a statement. The deal comes amid slowing demand and excess manufacturing capacity in China's EV industry that has made it hard for relative newcomers such as Didi to enter the market. Didi will acquire around 3.25% of Xpeng shares under the deal, which could increase depending on whether production and sales targets are fulfilled.

Persons: Didi, Brendan McDermid, HONG KONG, Xpeng's, Xpeng, MONA, robotaxis, Josh Ye, Edwina Gibbs Organizations: New York Stock Exchange, REUTERS, HK, EV, Thomson Locations: New York City, U.S, HONG

And that $1 trillion of data centers is in the process of transitioning into accelerated computing and generative AI. Additionally, Nvidia announced AI-ready servers to support the VMware Private AI Foundation and help businesses customize and deploy generative AI applications using their proprietary data. Shares of AMD have also surged higher in this year's AI trade, though the role the company plays in the field is less clear. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jensen Huang, Huang, ChatGPT, Nvidia's Huang, It's, We've, Grace Hopper Superchip, it's, hyperscalers, Jim Cramer, Jim, Eduardo MunozAlvarez Organizations: Broadcom, Jim Cramer's Charitable Trust, Devices, AMD, Moore's, Microsoft, Broadcom's, VMWare, VMware, Nvidia, AI Foundation, U.S . Federal Trade Commission, Intel, Tower Semiconductor, ARM, CNBC, View, Getty Locations: China

☆ Biden to sign strategic partnership deal with Vietnam -Politico
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden speaks on the phone with Russia's President Vladimir Putin about a possible Russian invasion of Ukraine, as Biden spends the weekend at the U.S. presidential retreat at Camp David, in this official White House handout photo released after the call took place in Thurmont, Maryland, U.S., February 12, 2022. The White Acquire Licensing Rights Read moreCAMP DAVID, Maryland, Aug 18 (Reuters) - U.S. President Joe Biden will sign a strategic partnership agreement with Vietnam during a state visit to the Southeast Asian country in mid-September, Politico reported on Friday, citing three people with knowledge of the deal's planning. The agreement will allow for new bilateral collaboration that will boost Vietnam's efforts to develop its high technology sector in areas including semiconductor production and artificial intelligence, Politico said. A source familiar with the plans told Reuters on Friday that Biden was weighing a September trip to a G20 summit to discuss partnership with Vietnam. Reporting by Trevor Hunnicut; writing by Ismail Shakil; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Vladimir Putin, Biden, Trevor Hunnicut, Ismail Shakil, Diane Craft Organizations: U.S, Politico, Reuters, Vietnam, Thomson Locations: Ukraine, Camp, Thurmont , Maryland, U.S, DAVID, Maryland, Vietnam

CNN —Japanese Prime Minister Fumio Kishida vowed to strengthen “trilateral strategic collaboration” with the United States and South Korea during the first-ever stand-alone summit between the three nations’ leaders on Friday at Camp David. During the historic meeting, Kishida emphasized the need to strengthen the partnership between the three nations, with heavy emphasis on the growing nuclear and missile threats from North Korea. “Under such circumstances to make our trilateral strategic collaboration blossom and bloom is only logical and almost inevitable and is required in this era,” he said to the crowd. “The three of us here today declare our determination to pioneer a new era of Japan, US, ROK (Republic of Korea) partnership.”In addition to the shared North Korean missile warning system the three countries have established since last November, Kishida announced new measures to combat aggression in the region. South Korean President Yoon Suk Yeol, US President Joe Biden and Japanese Prime Minister Fumio Kishida attend a joint press conference during the trilateral summit at Camp David on August 18.

Persons: Fumio Kishida, David, Kishida, ”, Yoon Suk Yeol, Joe Biden, Camp David, Evelyn Hockstein, Reuters Kishida, ” Kishida Organizations: CNN, Japanese, “, ROK, ”, Korean, United Nations Security Council, South, Reuters, ’ Locations: United States, South Korea, North Korea, Japan, US, Republic of Korea, Camp

☆ India is a rising force in Southeast Asia as region seeks to counter China's dominance
▼ + stars: | 2023-08-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

(Photo credit RAVEENDRAN/AFP via Getty Images) Raveendran | Afp | Getty ImagesIndia is taking major strides to expand its influence in Southeast Asia, a move that will allow countries to counter China's dominance in the region. "India certainly is becoming more ambitious in Southeast Asia. "This is particularly salient to the maritime sphere, namely the South China Sea, where overlapping sovereignty disputes threaten regional stability and openness," he added. "It continues to maintain a very independent streak in its foreign policy, which suits a large number of Southeast Asian countries." While China remained the most influential and strategic power in Southeast Asia, its standing has diminished, the Southeast Asia survey from February showed.

Persons: Pant, Subrahmanyam Jaishankar, Narendra Modi's, Satoru Nagao, Nagao, Derek Grossman, Modi, Xi Jinping, Ted Aljibe, Enrique Manalo, Rand's Grossman, Joanne Lin, Lin, ISEAS's Lin Organizations: Indian, Getty, Afp, Observer Research Foundation, CNBC, Southeast, Hudson Institute, Vietnam Air Force, Rand Corporation, TED ALJIBE, Initiative, ASEAN Studies, Yusof Ishak Institute, Observers, Pant Observer Research, China -, Wilson Center, ASEAN Wonk, U.S, ASEAN Studies Centre, Yusof, Ukraine, U.S ., New Delhi's Observer Research Foundation Locations: New Delhi, AFP, Southeast Asia, India, China, Beijing, Vietnam, Tokyo, China —, Manila, Philippine, Delhi, The Hague, Philippines, Malaysia, Brunei, ISEAS, Singapore, Asia, Europe, China - U.S, U.S, New

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

☆ He converted a van into a mobile medical clinic. Now, he’s bringing care to thousands in rural Ghana
▼ + stars: | 2023-08-11 | by ( Meg Dunn | ) edition.cnn.com time to read: +5 min

“Early screening wasn’t an option for us.”He realized that education and preventative health care was lacking in many remote areas of Ghana. A few times a week, the mobile clinic and medical team travel long distances to remote communities in Ghana and provide free routine medical care. CNN Hero Osei Boateng's Hope Health Van is designed like a medical clinic for seeing and treating patients. Boateng's organization does outreach to high schools as part of its efforts to combat the stigma surrounding mental health. “Words cannot describe the feeling that you get providing care for someone who otherwise wouldn’t be alive if your mobile health van wasn’t there.”Want to get involved?

Persons: Osei Boateng, Boateng, ”, “, ” Boateng, Osei, Van, it’s Organizations: NJ CNN, Cornell University, Healthcare Administration, OKB Hope Foundation, CNN, “, Hope Foundation, OKB Hope Locations: Somerset, NJ, Ghana, Saharan Africa

☆ Disney just hiked streaming prices by almost 30% and Wall Street is thrilled
▼ + stars: | 2023-08-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Disney announced higher prices for its streaming services, and Wall Street is loving it. The entertainment company hiked prices for Disney+, Hulu, and ESPN by almost 30%. Here's what Wall Street is saying about Disney's price hikes and 3rd-quarter earnings results. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Here's how Wall Street reacted to Disney's earnings report and streaming price hikes.

Persons: Disney, Goldman Sachs, JPMorgan Organizations: Disney, ESPN, Service, Hulu, Bank of America, PENN, ESPN BET, " Bank of America, JPMorgan Locations: Hulu, Wall, Silicon, Parks

☆ This video content stock could climb nearly 60%, Raymond James says
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Raymond James is growing more optimistic on Harmonic stock. The firm upgraded the broadband and video streaming stock to strong buy from outperform Thursday, coupled with a $16 per share price target. Raymond James' forecast implies 58.1% upside from Wednesday's $10.12 close. Harmonic stock soared more than 8% in midday trading Thursday. HLIT YTD mountain Harmonic stock has slipped more than 15% from the start of the year.

Persons: Raymond James, Simon Leopold, Leopold, Michael Bloom Organizations: Comcast, Charter Communications, Charter, Leopold, CNBC

REUTERS/Jonathan Ernst/File PhotoWASHINGTON, Aug 10 (Reuters) - U.S. President Joe Biden asked Congress to approve about $40 billion in additional spending on Thursday, including $24 billion for Ukraine and other international needs, $4 billion related to border security and $12 billion for disaster relief. Trump, the front-runner in the race to be the Republican presidential nominee in 2024, has been sharply critical of U.S. support for Ukraine in the war. FIRST UKRAINE REQUEST SINCE REPUBLICANS TOOK HOUSERepublicans narrowly control the House, where Speaker Kevin McCarthy signaled in June that any request for more assistance for Ukraine would face an uphill path through Congress. The House and Senate last approved aid for the Kyiv government - $48 billion - in December, before Republicans took control of the House. The request includes $13.1 billion for the Department of Defense, including $9.5 billion for equipment for Ukraine and replenishment of U.S. equipment stocks already sent to Kyiv.

Persons: Joe Biden, George E, Jonathan Ernst, Donald Trump, pare, Chuck Schumer, Biden, America’s, Vladimir Putin, Schumer, Mitch McConnell, McConnell, Kevin McCarthy, McCarthy, Shalanda Young, Russia's Wagner, Yevgeny Prigozhin, Andrea Shalal, Patricia Zengerle, David Shepardson, Doina Chiacu, Jonathan Oatis Organizations: George, Wahlen Department of Veterans Affairs Medical, REUTERS, White, Washington, Trump, Republican, Ukraine, Democratic, FIRST, HOUSE, Kyiv, Republicans, World Bank, Department of Defense, Department of State, U.S . Agency for International Development, Department of Homeland Security, DHS, Thomson Locations: Salt Lake City , Utah, U.S, Ukraine, Kyiv, Russian, United States, Russia, China, FIRST UKRAINE, Niger

☆ RBC: These 19 stocks with an early lead in the AI revolution will continue to profit from rising demand in semiconductors, cloud computing, and more
▼ + stars: | 2023-08-10 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

RBC identified the stocks profiting from AI today while positioning themselves for future success. 19 stocks profiting from rising AI demandA number of themes leapt out from earnings reports and calls with management, the RBC analysts wrote. Companies leading the charge in AI investments enjoyed strong second-quarter earnings, thanks in part to those very investments. But AI isn't just bringing money in — companies are also spending more on AI than ever, RBC noted. After poring through earnings announcements from AI-related companies, RBC analysts identified the following 19 stocks that they believe are benefiting most from AI demand right now.

Persons: Jonathan Atkin Organizations: RBC, RBC Capital Markets, Companies, Microsoft, Google, NVIDIA, NVIDIA's, Nvidia, Oracle

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