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☆ This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role
▼ + stars: | 2024-11-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.

Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, —, Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida

☆ Peter Thiel says Elon Musk's embrace of Donald Trump helped other Silicon Valley leaders feel safe supporting him
▼ + stars: | 2024-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts. Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump. AdvertisementBillionaire Peter Thiel credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump. Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president. Thiel characterized the feeling inside Silicon Valley as one of growing frustration toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."

Persons: Peter Thiel, Trump, Elon, Thiel, Bari Weiss, Musk, —, Elon Musk, Donald Trump, Marc Andreessen, David Sacks, Shaun Maguire, Reid Hoffman, Ron Conway, Mark Cuban, Kamala Harris, Weiss, Tesla, Vivek Ramaswamy, It's Organizations: Service, PayPal, Trump, Department of Government, SpaceX Locations: Silicon Valley, Silicon, November's, California, Texas

☆ Latino mobile home park residents denounce conditions, allege discrimination
▼ + stars: | 2024-11-14 | by ( Albinson Linares | Albinson Linares Is A Reporter For Noticias Telemundo Based In Mexico City. | ) www.nbcnews.com time to read: +13 min

The sewage is exposed to the air and causes a lot of nausea and headaches,” said Veronica Isabel Dahlberg, executive director of HOLA Ohio, a nonprofit group assisting Latino state residents, which has advised mobile home park residents who sued. It is very expensive,” said Yvonne Maldonado, a co-director of Manufactured Housing Action, a nonprofit group that focuses on such communities. “We have recently seen private equity enter the manufactured housing market," PESP housing research coordinator Madeline Bankson said. During hurricanes, the National Weather Service has said, 72% of deaths occur in homes, and of those, 54% occur in mobile homes. She also urged mobile home park residents to organize their communities and if there are complaints, to do it as a group, which is more effective.

Persons: Mariano Jacobo Piñón, ”, Vicente Hernández, Ricardo Rodríguez, Veronica Isabel Dahlberg, Mariano Jacobo Piñón's, ” Rodríguez, Melissa Solomon, Jones, Patrick J, Condon, Yvonne Maldonado, Maldonado, Ana Eugenia Báez, Báez, Andrea Chiriboga, Flor, Ascentia, Marko Vukovich, ” Vukovich, Esther Sullivan, Eva Marie Uzcategui, Madeline Bankson, Fannie Mae, Freddie Mac, Jeanne Shaheen, Richard Blumenthal, John Fetterman, ” Shaheen, Banks, Juan Pablo Garnham, Garnham Organizations: Fairgrounds United, Perry Mobile Home, Noticias Telemundo, Jones Estates Fairgrounds, Jones Estates Perry LLC, Jones Estates, Department of Housing, Urban, Survey, Residents, People Center, Foxridge, Colorado Mobile, Private, University of Colorado, Home Parks, The Washington, Getty, Prosperity, Federal Housing Administration, “, Telemundo, Princeton, National Weather Service Locations: Lake County , Ohio, Mexico, Ohio, Hernández, Lake County, Mobile, U.S, New York, Colorado, Foxridge, Arapahoe County , Colorado, Denver, Sarasota , Fla, Sens

☆ Super Micro shares plummet 18% after financial update heightens investor concerns
▼ + stars: | 2024-11-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plunged 18% on Wednesday to their lowest level since June of last year after the embattled server maker issued disappointing unaudited financials and failed to provide specifics plans to keep its Nasdaq listing. Super Micro hasn't filed audited financials since May and is at risk of being delisted by Nasdaq if it doesn't report results for the latest fiscal year to the SEC by mid-November. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. For the quarter ending Sept. 30, Super Micro said it generated net sales of between $5.9 billion and $6 billion.

Persons: Charles Liang, financials, Ernst & Young, Ernst, Liang Organizations: Super, Computer Inc, Super Micro, Nasdaq, Micro, Ernst, SEC, Mizuho Locations: Taipei, Taiwan

☆ OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns
▼ + stars: | 2024-10-24 | by ( Hayden Field | ) www.cnbc.com time to read: +9 min

OpenAI is disbanding its "AGI Readiness" team, which advised the company on OpenAI's own capacity to handle increasingly powerful AI and the world's readiness to manage that technology, according to the head of the team. On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. Former AGI Readiness team members will be reassigned to other teams, according to the post. Madry will still work on core AI safety work in his new role, OpenAI told CNBC at the time. Leike added that OpenAI must become a "safety-first AGI company."

Persons: OpenAI, Miles Brundage, Brundage, Miles, Mira Murati, Bob McGrew, Barret Zoph —, Aleksander Madry, Madry, reassign Madry, Sam Altman, it's, Altman, Lina Khan, they've, OpenAI's, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman Organizations: AGI Readiness, CNBC, Security Committee, Google, Microsoft, Meta, Princeton University, Democratic, Federal Trade Commission, Department of Justice, Nvidia Locations: OpenAI

☆ Supreme Court rebuffs challenge to job protections for consumer watchdog leaders
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +4 min

The Supreme Court is visible on July 29, 2024 in Washington, DC. In an op-ed in The Washington Post, U.S. President Joe Biden laid out his proposed reforms to the Supreme Court including 18 year term limits for Supreme Court Justices and a new code of ethics for the court ahead of a speech tonight at the Lyndon B. Johnson Presidential Library in Austin, Texas. Lawyers for Democratic President Joe Biden's administration had urged the Supreme Court to turn away the appeal, arguing that the plaintiffs lacked the required legal standing to sue the agency and that their claims are foreclosed by Supreme Court precedent. The current Supreme Court, with a 6-3 conservative majority, has taken an expansive view of presidential powers in recent years and has shown skepticism toward broad authority for federal agencies. This case gives the conservative justices a chance to rein in or depart from Humphrey's Executor.

Persons: Joe Biden, Lyndon, Joe Biden's, Jeremy Kernodle, Donald Trump, Kernodle's, Franklin Roosevelt's, Ted Cruz, Darrell Issa Organizations: Washington Post, Supreme, Johnson Presidential, The U.S, Consumers, Research, U.S . Consumer Product Safety Commission, Consumers ' Research, Democratic, Republican, Circuit, Appeals, U.S . Federal Trade Commission, Republican U.S Locations: Washington , DC, Washington, Washington Post , U.S, Austin , Texas, The, Texas, United States of America, New Orleans, United States

☆ D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
▼ + stars: | 2024-10-19 | by ( Kenneth Squire | ) www.cnbc.com time to read: +12 min

Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.

Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air

☆ Sam Altman risks spreading himself too thin at OpenAI
▼ + stars: | 2024-10-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Sam Altman has taken a more prominent role at OpenAI as several top leaders have left the company. Altman risks spreading himself too thin, three management experts told BI. Now, as Altman leads OpenAI toward a possible for-profit future, some corporate management experts warn that the CEO could stretch himself too thin — taking on too many job functions. Altman and a spokesperson for OpenAI didn't respond to requests for comment from Business Insider. It's possible that Altman could take on the CTO role on a temporary basis, Sonnenfeld said, "but it's not likely that he can do this very long."

Persons: Sam Altman, Altman, —, Sam Altman's, OpenAI, Mira Murati, Altman hasn't, Fiss, Elon, Patricia Lenkov, Lenkov, Jeffrey Sonnenfeld, Sonnenfeld Organizations: Service, Business, Bloomberg, University of Southern, Apple, Twitter, JPMorgan, Yale University's School of Management, Yale, Leadership Locations: OpenAI, University of Southern California

☆ Flutterwave CEO GB Agboola on rebuilding trust, and strengthening Africa’s payments future
▼ + stars: | 2024-10-17 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

CEO Olugbenga “GB” Agboola was celebrated for his leadership and lauded as a trailblazer in African fintech, providing digital payment services for businesses across the continent. However, Agboola says Flutterwave has weathered the storm and emerged stronger than ever. In his first major interview since the allegations, Agboola told CNN that Flutterwave is on a mission to rebuild trust and strengthen its governance practices. She says Flutterwave’s fast growth exposed weaknesses in governance, compliance, risk management strategies and inadequate internal controls. Beyond the focus on governance and structure, Agboola envisions a future where Africa’s diverse payment systems are seamlessly integrated into a unified marketplace.

Persons: Flutterwave, Olugbenga, Agboola, ” Agboola, “ We’ve, ”, Mitesh Popat, ” Popat, “, ” Bawo, ” Egbakhumeh, “ Flutterwave, Africa Agboola, we’re Organizations: CNN, Kenyan, Citibank, Nigeria’s Economic, Commission, Global, MainStreet Bank, American Express Locations: Kenya, ”, Flutterwave, Africa, Ghana, Zambia, Uganda, Rwanda, United States, Nigeria, San Francisco

☆ The judge handling Boeing’s plea deal asks Justice Department to explain its diversity policy
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

A dozen states, including Texas, have new laws limiting or banning DEI policies at their public universities. The plea deal states that the Justice Department would select the person with “input” from Boeing. A Justice Department lawyer said the provision doesn’t mean that a less-qualified person would be picked, only that the government will consider all candidates. He asked the Justice Department and Boeing to respond in writing by Oct. 25. Possibly he wants to delay the decision, but that is an unsupported hunch.”The Justice Department and Boeing said they would comply with the judge’s order and declined to comment further.

Persons: District Judge Reed O’Connor, George W, Bush, O’Connor, Barack, Ron DeSantis, “, Boeing’s, Max, Nadia Milleron, Samya Stumo, ” Milleron, ’, ”, John Coffee Organizations: District, Justice Department, Boeing, ., Democratic, U.S, Supreme, Florida Gov, GOP, Alaska Airlines, MCAS, Federal Aviation Administration, ”, Justice, DOJ, Columbia University Locations: U.S, Fort Worth , Texas, Texas, Indonesia, Ethiopia, Massachusetts

After a four-year hiatus, the wings, walks and women of the Victoria’s Secret Fashion Show will return Tuesday for the company’s 2024 show in New York City. “The Victoria’s Secret Fashion Show is BACK and will reflect who we are today, plus everything you know and love—the glamour, runway, wings, musical entertainment, and more! “I mean, like, ‘cray cray,’ as in ‘cray cray good.’”Who is performing? For the first time, Victoria's Secret said, its show will feature an all-women lineup, which will be headlined by Cher. “It’s a woman’s world, so it’s understood that you can’t have a fashion show without the mother of fashion herself—@Cher!” Victoria’s Secret wrote on Instagram last month.

Persons: Ed Razek, We’ve, “, Tefi Pessoa, Olivia Culpo, ”, Victoria's, Gigi Hadid, Mayowa Nicholas, Barbara Palvin, Behati Prinsloo, Jasmine Tookes, Adriana Lima, Ashley Graham, Paloma Elsesser, Devyn Garcia, Tyra Banks, ” Graham, It's, Palvin, Banks, cray, ’, Cher, —, Instagram, Lisa, Tyla Organizations: New York Times, L Brands, Amazon Prime Locations: New York City

☆ Warren Buffett's company website looks like a relic from the 1990s — but that's on purpose
▼ + stars: | 2024-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett is the billionaire boss of one of America's biggest companies. Yet Berkshire Hathaway's website looks like it was built in the 1990s and hasn't been updated since. Yet you could never guess that from its website, which looks like a relic from the early days of the internet. Business InsiderFrankly, the website looks like a teenager slapped it together in the 1990s, and hasn't returned since. "Warren Buffett is demonstrating how he minimizes cost at Berkshire.

Persons: Warren Buffett, hasn't, —, Buffett, Lawrence Cunningham, who's, Johannes Eisele, Chris Bloomstran, Semper Augustus, Bloomstran, Warren, Darren Pollock, Pollock, it's, David Kass, University of Maryland who's Organizations: Berkshire Hathaway's, Service, Berkshire Hathaway, Activision Blizzard, University of Delaware's, Corporate, Getty, Berkshire, BNSF Railway, Omaha HQ, Semper Augustus Investments, Cheviot Value Management, University of Maryland Locations: Berkshire, frugality, Omaha, McDonald's, Omaha , Nebraska, AFP, Nebraska

☆ Abe's corporate governance reforms are bearing fruits, says strategist
▼ + stars: | 2024-10-07 | 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 EmailAbe's corporate governance reforms from 10 years ago are 'bearing fruit': StrategistDong Chen of Pictet Wealth Management says Japan is no longer facing deflationary pressure and its companies are generating decent earnings.

Persons: Dong Chen Organizations: Pictet Wealth Management Locations: Japan

☆ Jeremy Grantham's right-hand man Ben Inker warns your 60/40 portfolio is in for a 'lost decade' of negative returns
▼ + stars: | 2024-09-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The popular 60/40 portfolio of stocks and bonds has returned double digits annually since 1979. Inker shares the risks of the 60/40 strategy and where he's looking for opportunities. AdvertisementFor decades, the 60/40 strategy has been the gold standard of investing. As a result, the 60/40 portfolio right now is not set up to generate attractive returns. Related storiesInvesting against the grainInstead of the traditional 60/40 portfolio, Inker recommends taking a more flexible approach to different asset allocations.

Persons: Ben, —, Jeremy Grantham, doesn't, they've Organizations: Service, Bloomberg

☆ ValueAct takes a stake in Sanwa. How the activist can make a good company into a great one
▼ + stars: | 2024-09-28 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility construction materials, as well as the provision of maintenance and renovation services. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. Ahead of any shareholder value creation, ValueAct will likely call for increased shareholder returns in the form of buybacks to capitalize on the Sanwa's relatively low valuation. ValueAct is likely to continue as an active shareholder while Sanwa continues to do what it's been doing, just on a faster timetable. As an engaged investor, ValueAct has historically closed the gap between "good" and "great" by supporting management in executing its plan.

Persons: ValueAct, Rob Hale, Hale, Sanwa, Clopay, healthily, It's, Dalton, Ken Squire Organizations: Sanwa, Olympus, JSR, ValueAct, Griffon Corp, KKR, Nikkei, U.S, Dalton Investments, 13D Locations: Japan, North America, Europe, U.S, Asia

☆ Hong Kong's New World Development shares surge 23% after CEO resigns
▼ + stars: | 2024-09-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.

Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia

☆ OpenAI has 4 big challenges it needs to conquer in its quest for AI dominance
▼ + stars: | 2024-09-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +9 min

OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.

Persons: —, OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles

☆ JPMorgan's Nishihara: Nikkei 225 to hit 40,000 by end of 2024
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Nishihara: Nikkei 225 to hit 40,000 by end of 2024Rie Nishihara of JPMorgan Securities Japan explains her price target for the Nikkei 225, and discusses the three main drivers for Japan's equity markets - economic recovery, corporate governance and increased M&A momentum.

Persons: Rie Nishihara Organizations: Nikkei, JPMorgan Securities Japan

☆ Sam Altman is leaving a key OpenAI board. His departure should satisfy some big critics.
▼ + stars: | 2024-09-17 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI just announced the members of its revamped Safety and Security Committee, and CEO Sam Altman is not on the list. When the group was announced, Altman, Taylor, and five OpenAI technical and policy experts were named to the committee, alongside the independent board members. AdvertisementThe safety committee will "exercise oversight over model launches, including having the authority to delay a release until safety concerns are addressed," the blog post said. OpenAI's troublesLast month, the company battled to stop an AI safety bill in California, saying it would stifle progress and drive companies out of the state. Weeks before that, nine current and former OpenAI employees signed an open letter pointing out the risks of generative AI.

Persons: —, Sam Altman, Bret Taylor, OpenAI's, Altman, Taylor, Zico Kolter, Adam D'Angelo, Paul Nakasone, Nicole Seligman, William Saunders, Daniel Kokotajlo, Weeks Organizations: Service, Security Committee, Business, Carnegie Mellon University, US Army, Sony Corporation, o1, OpenAI, Securities and Exchange Commission Locations: California, NDAs

☆ 'Real heavy lifting' of Japan's corporate governance reforms has yet to come: Fund manager
▼ + stars: | 2024-09-13 | 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 Email'Real heavy lifting' of Japan's corporate governance reforms has yet to come: Fund managerZuhair Khan, managing director and senior fund manager at Swiss private bank UBP Investments, says that also applies to the benefits to shareholders.

Persons: Zuhair Khan Organizations: UBP Investments Locations: Swiss

☆ Trump can soon tap his $2 billion Truth Social fortune. But it won’t be easy
▼ + stars: | 2024-08-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —For months, former President Donald Trump has been sitting on a social media fortune that he couldn’t touch. As recently as May 9, Trump’s dominant stake of 114.75 million shares of Trump Media was valued at $6.2 billion. Despite the recent selloff, Trump Media is still valued at nearly $4 billion. Once the lock-up period expires, Trump will no longer be prohibited from borrowing against his stake in Trump Media. Experts say that if Trump does borrow against his Truth Social stake, he may not be required to disclose it.

Persons: Donald Trump, Trump, ” Michael Ohlrogge, Kamala Harris, ”, Charles Whitehead, Elon Musk, Mark Zuckerberg, Phillip Juhan, Scott Glabe, Andrew Northwall, Vladimir Novachki, Devin Nunes, Jay Ritter, ” ‘, “ It’s, ” Ritter, “, can’t, ” Ohlrogge, Ohlrogge Organizations: New, New York CNN, Trump, Truth Social, Trump Media & Technology, Trump Media, New York University School of Law, CNN, Democratic, Cornell Law School, “, ”, Meta, Republican, SEC, Trump Media & Technology Group Corp, University of Florida’s Warrington College of Business, NYU Locations: New York

☆ Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical
▼ + stars: | 2024-08-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo and Austin, Texas, as well as the Cayman Islands. Kobayashi Pharmaceutical is a Japan-based pharmaceuticals and consumer products company. It would imbue the company with a sense of urgency to improve operational performance, corporate governance and shareholder value maximization. But that is also a long shot, even at a company with corporate governance issues as we have here. The firm is a top-tier Japan shareholder activist and if anyone can get board seats in Japan, it is Oasis.

Persons: Seth Fischer, Oasis, Kobayashi, Akihiro Kobayashi, Kazumasa Kobayashi, Satoshi Yamane, Ken Squire Organizations: Kobayashi Pharmaceutical, Business, Company, Oasis Management, Oasis, Ain Holdings, Kobayashi's, Tsuruha Holdings, Kao Corp, Taisho Pharmaceutical Holdings, 13D Locations: Japan, Hong Kong, Tokyo, Austin , Texas, Cayman Islands, Asia, Europe, Kobayashi, Hokuetsu, Ain

☆ Amazon's $4 billion investment in AI firm Anthropic faces U.K. merger investigation
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.nbcnews.com time to read: +4 min

LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. Amazon completed in March a $4 billion investment in Anthropic. As part of the deal Amazon will make Anthropic’s powerful large language models available on its Bedrock platform for building generative AI applications. An Anthropic spokesperson told CNBC: “We are an independent company. The CMA is separately scrutinizing U.S. software giant Microsoft’s multibillion-dollar partnership and investment in AI giant OpenAI.

Persons: Anthropic, Anthropic “, ”, Matt Calkins, Appian, ” Calkins, you’ve, “ Organizations: Markets, CMA, Amazon, CNBC, Microsoft, U.S . Federal Trade Commission, Google, Big Tech Locations: U.S, Anthropic

☆ Amazon's $4 billion investment in AI firm Anthropic faces UK merger investigation
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Chesnot | Getty ImagesLONDON — E-commerce giant Amazon's multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. As part of the deal Amazon will make Anthropic's powerful large language models available on its Bedrock platform for building generative AI applications. "By investing in Anthropic, Amazon, along with other companies, is helping Anthropic expand choice and competition in this important technology. Amazon's spokesperson added that the company will continue to make Anthropic's models available to customers via Bedrock. "We welcome the opportunity to cooperate with the CMA and provide them with a comprehensive understanding of Amazon's investment and our commercial collaboration."

Persons: Dario Amodei, Anthropic Organizations: Getty, Markets, CMA, Amazon, CNBC, Microsoft, U.S . Federal Trade Commission, Google Locations: Chesnot, U.S, Anthropic

☆ Japan stock sell-off shows a 'fundamental shift' is underway, Goldman Sachs' equity strategist says
▼ + stars: | 2024-08-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

A pedestrian looks at an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Dec. 25, 2018. Japan's stock markets have hit a six-month low, declining for two straight days, after the Bank of Japan raised benchmark interest rates to their highest level since 2008. Speaking to CNBC's "Squawk Box Asia," Bruce Kirk, chief Japan equity strategist at Goldman Sachs said that the Japanese market rally had reached a "transitional phase." Yes, there's a fundamental shift taking place in the market, but it's not unusual," Kirk said. "I think people are now looking for areas that are more domestic demand focused, and that's really putting the interest back on Japan's small [and] mid-caps."

Persons: Bruce Kirk, Goldman Sachs, Kirk Organizations: Bank of Japan, Nikkei, CNBC Locations: Tokyo, Japan

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