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It's clear to the four major U.S. professional sports leagues that Disney 's ESPN is potentially interested in them taking an equity stake in the network. Talks have had few specifics, said the people, but may heat up as ESPN attempts to reach a rights renewal deal with the NBA. Sources say Disney is targeting 2025 as a potential launch date for an unbundled-from-cable ESPN streaming service. Disney has informed the leagues that it's also holding separate talks with strategic investors who can provide distribution benefits, according to people familiar with the matter. "We're looking for partners that are going to help ESPN successfully transition to a [direct-to-consumer] model," Iger said Wednesday.

Persons: Nikola Jokic, ESPN's Lisa Salters, Disney, Bob Iger, it's, Iger, I've Organizations: Denver Nuggets, Nuggets, Los Angeles Lakers, Crypto.com Arena, Disney, ESPN, National Basketball Association, Major League Baseball, NBA, Comcast, Penn Entertainment, Football, MLB Locations: Los Angeles, Hulu

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

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarAug 9 (Reuters) - Wheels Up Experience (UP.N) said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it disclosed short-term funding from Delta Air Lines (DAL.N), sending its shares plunging 42%. North American business flights were down 3.6% compared with July 2022, according to data from Argus International. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note to Wheels Up, which is pursuing strategic partnerships. Wheels Up, which canceled an earnings call scheduled for Wednesday, said U.S. private jet operator Airshare had entered into a non-binding agreement with the company to acquire its non-core aircraft management business.

Persons: Mike Segar, Delta, Ed Bastian, Airshare, Shivansh, Allison Lampert, Rajesh Kumar Singh, Vinay Dwivedi, Mark Potter Organizations: Delta Airlines, LaGuardia Airport, REUTERS, Delta Air Lines, Argus International, Delta, Airshare, Thomson Locations: Queens, New York City , New York, U.S, American, Bengaluru, Montreal

REUTERS/Mike Blake/File PhotoAug 9 (Reuters) - Lyft's shares tumbled more than 7% on Wednesday as investors feared the ride-hailing platform's focus on competitive pricing to gain market share would muddy its path to profitability. Lyft (LYFT.O) said on Tuesday it expects an operating profit of $75 million to $85 million for the third quarter. At least seven analysts cut their price targets on Lyft's shares and more than nine downgraded the stock, while two upgraded it. Median target price for the stock is $11, according to Refinitiv data. Lyft's stock suffers as post-pandemic recovery faltersReporting by Akash Sriram in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Uber, Mike Blake, Jake Fuller, Morningstar, Ali Mogharabi, Dara Khosrowshahi, Akash Sriram, Saumyadeb Chakrabarty, Shounak Organizations: Los Angeles International, REUTERS, Reuters Graphics Reuters, Thomson Locations: California, Los Angeles , California, U.S, North America, Bengaluru

☆ DraftKings falls 10% on new threat for sports gambling market share from ESPN-Penn partnership
▼ + stars: | 2023-08-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Budrul Chukrut | Lightrocket | Getty ImagesOne of the leading sports gambling stocks fell sharply on Wednesday after media giant ESPN took a large step into the online betting world. Shares of DraftKings sank 10.9% after Penn Entertainment announced that it had signed a 10-year deal with ESPN. Stock Chart Icon Stock chart icon Shares of DraftKings was under pressure after ESPN and Penn National Gaming announced a partnership. ESPN, which is part of Disney , had previously been reluctant to fully embrace the highly competitive online gambling industry. As part of the deal, Penn will pay ESPN $2 billion in cash and stock warrants over 10 years to license the brand.

Persons: Barstool —, Bob Iger Organizations: Lightrocket, ESPN, DraftKings, Penn Entertainment, Penn, ESPN Bet, Penn National Gaming, Disney, CNBC

☆ Disney's quarter wasn't clean, but we see evidence that CEO Bob Iger's turnaround plan is working
▼ + stars: | 2023-08-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Disney (DIS) reported fiscal third-quarter results after the closing bell Wednesday, and it was another mixed quarter even against low expectations. Still, there were enough pockets of optimism in the company's restructuring plan and streaming strategy to believe CEO Bob Iger's turnaround is working. Indeed, global Disney+ subscribers declined to 146.1 million from 157.8 billion, but nearly all of that was associated with Disney+ Hotstar and not Disney's core markets. Quarter over quarter, that loss of $512 million was narrower by $147 million. Thanks to the ongoing strength of Disney's international parks and cruise line business, Disney expects fourth-quarter operating margins at DPEP to exceed the prior year.

Persons: Bob Iger's, we've, Kevin Lansberry, Iger, Jim Cramer's, Jim Cramer, Jim, Bob Iger, CNBC's David Faber, David A Organizations: Disney, Refinitiv, DIS, Consumer, Hollywood, Indian Premier League cricket, Netflix, Disney Media, Entertainment, Linear Networks, ESPN, Penn Entertainment, Disney Parks, Walt Disney, Star Wars, CNBC, Allen, Grogan Locations: India, Florida, Europe, Canada, DMED, Sun Valley , Idaho

☆ 3 ways a private-equity firm is tapping content creators for its portfolio of brands, from co-investment to market research
▼ + stars: | 2023-08-09 | by ( Sydney Bradley | Margaret Fleming | ) www.businessinsider.com time to read: +5 min

Sponsorships aren't the only way influencers can make money working with brands. The Newcastle Network, a private-equity firm, is tapping creators as investors for DTC brands. And Newcastle Network, a private-equity firm based in Boston, is taking those relationships one step further with the help of Village Marketing's Vickie Segar. Since then, she's been developing strategic partnerships with influencers through the private-equity firm, such as tapping those influencers for market research on behalf of the firm's portfolio companies or bringing on creators themselves as investors. Here are 3 ways that private-equity firm Newcastle Networks is working with influencers:Tapping creators for market research.

Persons: Vickie Segar, —, she's, Segar, Shawn Johnson East, Andrew East, Chris Casgar, Casgar Organizations: Newcastle Network, DTC, YouTube, Newcastle, WPP, Newcastle Networks, influencers, Andrew, Easts Locations: Boston, Newcastle, Instagram

☆ Microsoft is touting the size and growth rate of its Salesforce rival Dynamics
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Microsoft still isn't disclosing the size of its Azure business, providing only the growth rate for the cloud business and leaving investors guessing how its revenue compares to Amazon and Google . But in its much smaller Dynamics business, which includes software for salespeople, marketers and customer-service agents, Microsoft has suddenly opted for greater transparency. In its annual report to investors last week, Microsoft disclosed Dynamics revenue in a table alongside other products for the first time. He also noted that Microsoft Sales Copilot, a tool capable of writing business-oriented email drafts, integrates with Dynamics as well as Salesforce's software. Partly motivated by Microsoft's AI capabilities, some companies are switching to Dynamics from Salesforce, said Manny Medina, CEO of sales software startup Outreach.

Persons: Satya Nadella, Flipkart, Nadella, Manny Medina, Medina, Salesforce, Bret Taylor, Marc Benioff, they're, Doug Burgum, Adam Mansfield, Mansfield Organizations: Microsoft Corp, Microsoft, Google, Dynamics, Products, Cloud Services, Technology, IDC, Oracle, SAP, CNBC, Industry, Marketing, Commerce Cloud, Plains Software, North, Republican Locations: Mumbai, India, MSFT, Marketing Cloud, Commerce, North Dakota, Great Plains

☆ Exclusive: Mongolia, US to sign 'Open Skies' deal ahead of talks -Harris, PM
▼ + stars: | 2023-08-02 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

REUTERS/Kevin WurmAug 2 (Reuters) - The United States and Mongolia will sign an "Open Skies" civil aviation agreement, Vice President Kamala Harris and Mongolian Prime Minister L. Oyun-Erdene said on Wednesday at the start of discussions focused on Russia, China and economic development. Washington has Open Skies civil aviation agreements with more than 130 countries. The Open Skies deal between the U.S. and Mongolia will build on a memorandum of understanding for an air transport agreement reached in January. Mongolia's national carrier, MIAT Mongolian Airlines, flies to Europe and Asia but not the United States at present. Although passenger demand may not merit nonstop flights between the Mongolian capital, Ulaanbaatar, and the U.S., the Open Skies deal would also provide easier options for cargo flights between the nations.

Persons: Kamala Harris, Oyun, Kevin Wurm, Erdene, Biden, Harris, Joe Biden, Tesla, Elon Musk, Antony Blinken, Trevor Hunnicutt, Andrea Shalal, Jamie Freed, Jonathan Oatis, Leslie Adler Organizations: U.S, Mongolia's, White, REUTERS, Mongolian, China, MIAT, MIAT Mongolian Airlines, SpaceX, Biden, Google, Thomson Locations: Washington , U.S, United States, Mongolia, Russia, China, Washington, Ukraine, Japan, South Korea, . Washington, MIAT Mongolian, Europe, Asia, Ulaanbaatar, U.S, Birmingham , Alabama

☆ Shares of Chinese Tesla rival Xpeng fall 5% after head of autonomous driving resigns
▼ + stars: | 2023-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Xinzhou Wu, vice president of autonomous driving at Xpeng, tendered his resignation "for personal and family reasons," Xpeng said in a statement. Liyun Li, senior director of Xpeng's autonomous driving team, will takeover Wu's role. He Xiaopeng, CEO of Xpeng, praised Wu's contribution to getting Xpeng into a "leading position in autonomous driving technology." The Guangzhou-headquartered firm has tried to position itself as more advanced on autonomous driving and other technologies than its competitors. "I will continue to personally lead our autonomous driving team and strengthen our leadership in Smart EV technologies," the CEO added.

Persons: Xpeng, Xinzhou Wu, Liyun Li, Li, Xpeng's, Xpeng's Xiaopeng, Xiaopeng Organizations: Inc, Shanghai Auto Show, Xpeng, Nio, Li Auto, Volkswagen Group, Smart Locations: Shanghai, China, Tesla, Guangzhou

☆ Kering takes 30% stake in Italian luxury brand Valentino
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

PARIS, July 27 (Reuters) - French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on Thursday it was buying a 30% stake in Italian fashion label Valentino from Qatari investment fund Mayhoola for 1.7 billion euros ($1.87 billion) in cash. The agreement includes an option for Kering to purchase the whole of Valentino's share capital no later than 2028. "The transaction is part of a broader strategic partnership between Kering and Mayhoola, which could lead to Mayhoola becoming a shareholder in Kering," Kering said in a statement. Kering will have board representation at the Italian brand, the French group said. Mayhoola, which bought Valentino in 2012, "will remain the majority shareholder with 70% of the share capital and will continue to execute on the successful brand elevation strategy."

Persons: Gucci, Valentino, Kering, Mimosa Spencer, Silvia Aloisi Organizations: Thomson Locations: Kering

☆ Azimut to start marketing funds to UniCredit clients in Q1
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Italian asset manager Azimut (AZMT.MI) said its partnership with UniCredit (CRDI.MI) was on track and would start contributing to net profit from early next year, when it begins marketing products built for the bank's clients across its branches. UniCredit, which sold its asset management operations in 2017 to boost capital, has turned to Azimut as it works to grow its fee income by bringing back in house parts of the business. "We have entered into stage two of the ... strategic partnership with UniCredit," CEO and CFO Alessandro Zambotti said in a statement, as Azimut posted a 15% yearly rise in first-half net profit. Under the deal unveiled in December, Azimut will set up in Ireland an asset management business tailored to UniCredit clients' needs which the bank has an option to acquire for a token price within five years. Azimut has said it expects to reap a 0.5% profit margin on the sales of new products to UniCredit clients.

Persons: Azimut, UniCredit, Alessandro Zambotti, Andrea Orcel, Pietro Giuliani, Enrico Sciacovelli, Valentina Za Organizations: UniCredit, Wednesday, Thomson Locations: Italian, Ireland

☆ Volkswagen invests $700 million in Chinese EV maker Xpeng to boost sluggish sales
▼ + stars: | 2023-07-27 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The German group’s Audi subsidiary will also work more closely with its existing partner, SAIC Motor, China’s biggest car maker. Shares in Xpeng jumped more than 30% Thursday in Hong Kong, leading a broad rally in Chinese EV stocks. China is the single largest market for Volkswagen, accounting for about 40% of its global sales and half of its profits. In the first quarter of 2023, BYD, the Chinese EV maker backed by Warren Buffett, surpassed Volkswagen to become the largest brand by sales in China, according to official car insurance registration data. The German car maker said it would strengthen its strategic position in China, including beefing up its capacity for e-mobility, digitalization and autonomous driving.

Persons: ”, Ralf Brandstätter, Xpeng, Warren Buffett, It’s Organizations: Hong Kong CNN, Volkswagen, VW, Audi, SAIC, China’s, “ Volkswagen Locations: Hong Kong, German, Xpeng, China, Xinjiang, Germany, BYD, Europe, Hefei, Anhui, Hefei city

July 26 (Reuters) - Private equity firms Haveli Investments and General Atlantic have agreed to acquire business software vendor Certinia from Advent International for nearly $1 billion including debt, according to people familiar with the matter. Haveli, which was launched by former Vista Equity Partners president Brian Sheth, and General Atlantic will buy Advent's majority stake in Certinia as well as a minority stake held by Technology Crossover Ventures (TCV), the sources said. Haveli, General Atlantic and Advent declined to comment. Austin, Texas-based Haveli has invested in some technology ventures since it was launched by Sheth in 2021. Haveli has launched a fund seeking more than $3 billion for software deals, which will include this one.

Persons: Brian Sheth, Salesforce, Milana Vinn, Anirban Sen, Jamie Freed Organizations: Haveli Investments, General Atlantic, Advent International, Vista Equity Partners, Technology Crossover Ventures, Certinia, Siemens, Hewlett Packard Enterprise, Cisco Systems, Philips, Sheth, Haveli, Apollo Global Management, Thomson Locations: Certinia, Haveli, General, Jose , California, Austin , Texas, New York

☆ Why we're raising our price target on Microsoft despite a softer revenue outlook
▼ + stars: | 2023-07-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Revenues beat across the board, Azure's revenue growth decelerated in line with expectations, and companywide operating margins expanded nicely from last year. But total revenues fell a little less than expected, at 4%, mostly due to a 12% decline in Windows OEM revenue and a 18% drop in devices revenue growth. Gaming revenue grew 2%, with Xbox content and services revenue up 6%, offset by a 13% decline in Xbox hardware. In the productivity and business processes segment, revenue increased about 10% from last year thanks to a 15% increase in Office 365 Commercial Revenue growth. Microsoft sees Azure revenue growing 25% to 26% in constant currency, including roughly 2 points from all Azure AI services.

Persons: Amy Hood, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Flipkart, Nadella, Amit Madheshiya Organizations: Microsoft, Revenue, Refinitiv, Revenues, Services, Activision Blizzard, Office Consumer Products, Nvidia, CNBC, Microsoft Corp, Bloomberg, Getty Locations: Mumbai, India

☆ Belarus arms emergency ministry to be ready in case of armed conflict
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - The Belarusian ministry of emergency situations is completing the arming and military training of its personnel to be ready to aid the defence and internal ministries in the event of an armed conflict, the head of the emergency ministry said on Monday. Emergency Minister Vadim Sinyavsky told state Belarus 1 television that employees will be ready to assist the ministries "in the event of an armed conflict or some kind of riots in which a significant number of personnel must be involved." Belarusian President Alexander Lukashenko said earlier this year he wants "every man - and not only a man" to be able to at least handle weapons to respond to an act of aggression. While not sending his own troops to Ukraine, Lukashenko allowed Moscow to use Belarusian territory to launch its full-scale invasion on Ukraine in February 2022. Russia and Belarus are linked in a partnership called the "union state" in which Moscow is by far the dominant player.

Persons: Vadim Sinyavsky, Alexander Lukashenko, Lukashenko, Vladimir Putin, Putin, Lidia Kelly, Chris Reese Organizations: West, Thomson Locations: Belarusian, Belarus, Ukraine, Moscow, Russia, Kyiv, Melbourne

But she said more needed to be done to prevent migrants trying to make the perilous Mediterranean crossing via unauthorised means. European Commission President Ursula von der Leyen echoed Meloni's point about offering legal routes into the 27-nation European Union (EU). Europe has pledged 1 billion euros ($1.1 billion) in aid to help Tunisia with its battered economy, with 100 million euros speficially earmarked for tackling illegal migration. The EU could work with countries such as Tunisia in expanding their production of renewable energy to the benefit of all, she added. Conference host Italy is struggling to cope with the number of unauthorised migrants arriving in centres such as its far southern island of Lampedusa.

Persons: Giorgia Meloni, Meloni, Ursula von der Leyen, von der Leyen, Mohamed al, POPE, Peter's, Pope Francis, COVID, Antonio Tajani, Ahmed Elumami, Foo Yun Chee, Conor Humphries Organizations: European Union, Presidential, Conference, EU, Thomson Locations: Italian, Rome, Europe, Italy, EU, Tunisia, St, Africa, Lampedusa, Tripoli, Brussels

☆ Tunisia migration deal a model for others, EU's von der Leyen says
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +1 min

ROME, July 23 (Reuters) - The European Union's pact with Tunisia can serve as a model for other countries, European Commission President Ursula von der Leyen said on Sunday, as the EU struggles to stem unauthorised flows of migrants across the Mediterranean. The EU and Tunisia last week signed a "strategic partnership" deal that includes cracking down on human traffickers and tightening borders. Europe also pledged 1 billion euros ($1.1 billion) in aid to help Tunisia with its battered economy and rescue state finances. For partnerships with other countries in the region," von der Leyen told a conference in Rome. New strategic partnerships would incorporate economic development, trade and investment, with mutual advantages in areas such as climate and renewable energy.

Persons: Ursula von der Leyen, von der Leyen, Angelo Amante, Foo Yun, Keith Weir Organizations: European, Thomson Locations: Tunisia, EU, Europe, Rome, Egypt, Morocco

☆ Russia and Iran's 'unprecedented' military ties worried the US, but it's starting to look like Russia can't hold up its end of the deal
▼ + stars: | 2023-07-23 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Iran has supported Russia by providing it with arms to use in Ukraine. Kirby said "support is flowing both ways," with Moscow providing Tehran "an unprecedented level of military and technical support." As part of this burgeoning partnership, Iran expected to receive an unspecified number of Russian Su-35 jets, along with helicopters and even advanced S-400 air-defense systems. REUTERS/FARS NEWS/Ali ShayeganWhile Iran has never armed Russia to the extent it has in recent months, Moscow has sold Tehran considerable military hardware in the past. Paul Iddon is a freelance journalist and columnist who writes about Middle East developments, military affairs, politics, and history.

Persons: John Kirby, Kirby, Russian Su, Saeed Azimi, Hassan Rouhani, Azimi, Putin, Alexei Nikolsky, Abu, Russia's, Richard Moore, Ali Shayegan, haven't, Tehran weren't, Iranian Su, ATTA KENARE, Moore, William Burns, Burns, Paul Iddon Organizations: Service, National Security, Iranian MiG, Army Day, REUTERS, Sputnik, Gulf Cooperation Council, United Arab, GCC, Intelligence Service, Tehran, Soviet Union, Getty, UN, CIA Locations: Iran, Russia, Ukraine, Russian, Moscow, Tehran, Wall, Silicon, Iranian, Egypt, Aktau, Kazakhstan, Kremlin, United Arab Emirates, Abu Musa, Greater Tunb, Persian, Hormuz, British, UAE, FARS, Iraq, Soviet, Islamic Republic, AFP

☆ Putin, Lukashenko to meet after Russia warns about aggression against Belarus
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +2 min

July 23 (Reuters) - Russian President Vladimir Putin and Belarusian leader Alexander Lukashenko will meet on Sunday, the Kremlin said, two days after Moscow warned that any aggression against the its neighbour and staunchest ally would be considered an attack on Russia. After Poland decided earlier this week to move military units closer to its border with Belarus in response to the arrival in Belarus of forces from Russia's Wagner Group, Putin said Moscow would use all means it has to react to any hostility towards Minsk. The Kremlin said Lukashenko is paying a working visit to Russia and will talk to Putin about further development of the countries' "strategic partnership." While not sending his own troops to Ukraine, Lukashenko allowed Moscow to use Belarusian territory to launch its full-scale invasion on Ukraine in February 2022 and has since met with Putin frequently. Reporting by Lidia Kelly in Melbourne; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Alexander Lukashenko, Russia's, Putin, Lukashenko, Wagner, Poland, Yevgeny Prigozhin, Lidia Kelly, Paul Simao Organizations: Kremlin, Russia's Wagner Group, West, Wagner Group, NATO, Thomson Locations: Moscow, Russia, Poland, Belarus, Minsk, Kremlin, Ukraine, Kyiv, Belarusian, Africa, Melbourne

☆ A 'major revolution' is underway in the food industry. How to invest in the rise of alternative meat
▼ + stars: | 2023-07-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.

Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil

☆ ESPN reportedly approached NBA, NFL and MLB about strategic partnership
▼ + stars: | 2023-07-21 | 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 EmailESPN reportedly approached NBA, NFL and MLB about strategic partnershipCNBC's Alex Sherman joins 'Last Call' to talk his report that ESPN approached several sports leagues in search of a strategic partner after Disney CEO Bob Iger said he is open to finding a partner for the network.

Persons: Alex Sherman, Bob Iger Organizations: ESPN, NBA, NFL, MLB, Disney

[1/2] A view of Condor Galaxy supercomputing systems for artificial intelligence work made by Cerebras Systems, in Santa Clara, California, U.S., in this undated handout photo received on July 19, 2023. Abu Dhabi-based G42, a tech conglomerate with nine operating companies that include datacenter and cloud service businesses, says it plans to use the Cerebras systems to sell AI computing services to health care and energy companies. G42 has raised $800 million from U.S. tech investment firm Silver Lake, which has backing from Mudabala, the UAE's soverign wealth fund. "Cerebras has what they call a 'white glove' service that made it easy for us" to build AI systems on its machines, G42 Cloud CEO Talal AlKaissi told Reuters. G42 Cloud's AlKaissi declined to comment on the terms of the deal.

Persons: Rebecca Lewington, Cerebras, Andrew Feldman, Feldman, Talal AlKaissi, Stephen Nellis, Krystal Hu, Rashmi Organizations: Condor Galaxy supercomputing, Cerebras Systems, REUTERS, Systems, United Arab, Nvidia Corp, Nvidia, Condor Galaxy, Cerebras, UAE, Mudabala, Reuters, Thomson Locations: Santa Clara , California, U.S, United Arab Emirates, Abu Dhabi, Silver, San Francisco, New York

☆ Here are the questions we have for Ford and its CEO Jim Farley about their latest EV price cuts
▼ + stars: | 2023-07-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

We're raising our eyebrows at Ford 's (F) new price cuts on its popular electric pick-up truck. Jim Cramer called Ford's price cuts "counterintuitive" given the robust demand the F-150 Lightning has been seeing so far this year. In February, the company had to pause production and shipments on its electric pickup truck due to a potential battery issue. Meanwhile, prices for new electric vehicles were down 20% for the month driven by Tesla's EV price cuts earlier this year. Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Persons: Ford, Jim Cramer, Jim, there's, Tesla, Rivan, Kelley, Morgan Stanley, Jim Farley, Jim Cramer's, Bill Pugliano Organizations: Ford, Club, Elon, South, U.S, EV, Tesla's, Lightning, Ford EV, CNBC, Ford Rouge Electric Vehicle Center, Getty Locations: U.S, South Korean, Rivian, Dearborn , Michigan

☆ Japan and UAE agree innovation, climate change cooperation
▼ + stars: | 2023-07-17 | by ( Rachna Uppal | ) www.reuters.com time to read: +4 min

State news agency WAM also said the two leaders discussed a comprehensive strategic partnership between the UAE and Japan. Japan is actively developing greener and renewable energy technologies and aims to be carbon neutral by 2050. Kishida will also try to promote Japanese know-how as energy-producing countries have pledged to achieve a net zero transition, especially ahead of the COP28 climate summit to be held in Dubai in November. The GCC is a six-nation regional union that comprises Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. "The secure energy supply from the UAE has supported Japan's economic growth for many years," Kishida wrote in a piece published by UAE state news agency WAM on Sunday.

Persons: Mohamed bin Zayed Al Nahyan, Kishida, Ryan Carter, Fumio Kishida's, Sheikh Mohammed bin Zayed Al Nahyan, WAM, Saudi Crown Prince Mohammed bin Salman, Hikariko Ono, Rachna Uppal, Sakura Murakami, Andrew Mills, Aziz El Yaakoubi, Conor Humphries, David Evans, Alex Richardson, Jacqueline Wong Organizations: United Arab Emirates, United, UAE, United Arab, Japan, Qatar, Saudi Crown, Cooperation Council, GCC, Abu Dhabi National Oil Company, Thomson Locations: Japan, Qasr Al Watan, Abu Dhabi, United Arab, ABU DHABI, United Arab Emirates, UAE, State, Dubai, Saudi Arabia, Riyadh, Tokyo, Saudi, Qatar, Kuwait, Oman, Bahrain

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