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☆ CNBC's Inside India newsletter: India's growing wealth divide
▼ + stars: | 2024-11-15 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +9 min

The rise in India's income and wealth inequality is not a result of the poor getting poorer, Sumedha Dasgupta, senior analyst at the Economist Intelligence Unit (EIU) flags. India's income gap (which is the difference in wages earned between different demographic) comes alongside a worsening wealth divide too. Instead, the phenomenon comes as the "rich are getting much richer at a faster rate," she told CNBC's Inside India. India's 3 household groupsA more pressing issue brought on by India's wealth and income divide is the emergence of different categories of households with distinct standards of living. Unequal education opportunitiesThe EIU's Dasgupta attributes India's vicious wealth and income gap cycle in large part to mismatched education opportunities.

Persons: Knight Frank, Dasgupta, CNBC's, Shumita Deveshwar, Deveshwar Organizations: Economist Intelligence Unit, Blume Ventures, Oxfam, Private, Department of School Education, Global Commons Alliance, TS Lombard Locations: India, United States, Brazil, South Africa, Venture, Saharan Africa, Indian

☆ Stress and ‘moon face’: What experts say about this TikTok trend
▼ + stars: | 2024-10-17 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

“It can look swollen and inflamed.”“It’s from high cortisol, aka high stress,” a woman says in another post. How stress can affect the faceWhile cortisol levels from elevated everyday stress may not be the reason behind so-called moon face, the hormone can take a toll on the skin in other ways. “Consistently elevated cortisol levels have been shown to inhibit your skin’s production of collagen, hyaluronic acid and healthy lipids like ceramide,” Bowe told CNN in an earlier interview. Tips for less stressThere are ways to reduce stress that can benefit the skin as well, experts say. In addition, yoga, meditation and deep breathing are all known to decrease cortisol production and stress levels.

Persons: ”, Dr, Rajani, ” Katta, Katta, Whitney Bowe, ” Bowe, Raj Dasgupta, “ It’s, ” Dasgupta, “ Organizations: CNN, Social, Baylor College of Medicine, Johns Hopkins Medicine, Icahn School of Medicine, Mount Sinai Medical, Whole, “, Huntington Health, US Centers for Disease Control Locations: TikTok, Houston, New York City, California

☆ Boeing’s head of defense unit Ted Colbert to leave
▼ + stars: | 2024-09-20 | by ( Reuters | Cnn'S Chris Isidore | ) edition.cnn.com time to read: +2 min

Reuters —Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately. “I’d like to share that Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), will be leaving Boeing, and that l’ve asked Steve Parker to temporarily oversee BDS, effective immediately, until a replacement for Ted is named at a later date,” Kelly Ortberg, Boeing’s president and CEO, said Friday in a statement. In the most recent quarter, Boeing’s Defense, Space & Security unit lost $913 million, up from the $527 million loss in the same period a year ago, after a narrow profit in the first quarter. But both the second quarter loss and the 2023 full-year loss were more than the company’s troubled commercial aircraft unit lost in the same periods. Boeing’s shares closed down about 1% on Friday and have lost about 41% so far this year.

Persons: Ted Colbert, Steve Parker, “, l’ve, Ted, ” Kelly Ortberg, ”, Utkarsh, Shounak Dasgupta Organizations: Reuters, Boeing, Boeing Defense, Space & Security, BDS, Boeing Company, Boeing’s Defense, & $ Locations: Bengaluru

☆ J&J subsidiary files for bankruptcy to advance $8 billion talc settlement
▼ + stars: | 2024-09-20 | by ( ) edition.cnn.com time to read: +3 min

J&J’s Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers. After being rebuffed twice by federal courts, New Brunswick New Jersey-based J&J is attempting again to end the litigation in a so-called “Texas two-step” bankruptcy. J&J said the Red River unit filed the bankruptcy case after it received support of about 83% of current claimants for the proposed bankruptcy plan. The goal is to use the proceeding to force all plaintiffs into one settlement, without requiring J&J itself to file for bankruptcy.

Persons: Reuters —, Johnson, J, Dietrich Knauth, Leigh Jones, Will Dunham, Sandra Maler, Shounak Dasgupta Organizations: Reuters, Johnson, Bankruptcy, Southern, Southern District of, Supreme, Purdue Locations: U.S, Southern District, Southern District of Texas, New Brunswick New Jersey, Texas, Bengaluru

☆ US overdoses have fallen sharply in recent months, a hopeful shift in trends
▼ + stars: | 2024-09-19 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +7 min

But the latest provisional data shows that overdose deaths made a sharp turn at the end of last year and have been trending down for months. There were about 101,000 overdose deaths in the year ending in April, CDC estimates. Overdose deaths involving fentanyl and other synthetic opioids are down 20% year-over-year, CDC data shows. These drugs are now involved in about two-thirds of all fatal overdoses, down from more than three-quarters of all overdose deaths a year ago. “We’ve been riding a better than 20-year peak in terms of the continuous increases of drug overdoses,” Pamplin said.

Persons: ”, Sarah Wakeman, Brigham, “, Nabarun Dasgupta, Dasgupta, it’s, ” Wakeman, ” John Pamplin, “ We’ve, ” Pamplin, ” Dasgupta, Dr, Sanjay Gupta, Nora Volkow Organizations: CNN, Federal, US Centers for Disease Control, Mass, University of North, CDC, United States, Columbia University, CNN Health, Black, National Institute on Drug, National Institutes of Health Locations: United States, University of North Carolina, United

☆ A new path to better sleep: Evening exercise breaks
▼ + stars: | 2024-08-23 | by ( Dana Santas | ) edition.cnn.com time to read: +9 min

Now, a small efficacy study published July 16 in the journal BMJ Open Sport & Exercise Medicine suggests a simple yet effective strategy to improve sleep duration: incorporating short resistance, or strength training, exercise breaks in the evening. The findings were compelling: The participants slept an average of 27.7 minutes longer when they took regular exercise breaks compared with when they sat uninterrupted. “Our research found that interrupting evening sitting time with short bursts of light intensity exercise improved sleep duration and did not disrupt sleep quality,” Gale added via email. “Adding quick, simple and light resistance exercise breaks to your evening routine could be a simple way to improve your sleep and health,” he said. Better sleep could be just a few short exercise breaks away.

Persons: Dana Santas, Aaron Lockwood, ”, Jennifer Gale, Gale, ” Gale, Raj Dasgupta, Dasgupta, “ Organizations: Pain, CNN, US Centers for Disease Control, University of Otago, Huntington Health, CNN’s Locations: United States, New Zealand, California

☆ Stayed up all night? Here’s how to feel better
▼ + stars: | 2024-04-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

CNN —It was a dream come true for millions of Taylor Swift fans, after the superstar released her latest album, “The Tortured Poets Department,” at midnight on Friday. “The strongest reset for the circadian system is bright light,” said Dr. Phyllis Zee, director of the Center for Circadian and Sleep Medicine at Northwestern University Feinberg School of Medicine in Chicago. “Research shows that movement can boost circulation and increase alertness, helping you shake off that sleepiness faster,” Daddy Dasgupta said. “It could limit your ability to sleep well that night,” said sleep specialist Kristen Knutson, an associate professor of neurology and preventive medicine at Northwestern University’s Feinberg School of Medicine. And of course, listening to Taylor Swift counts as long as you turn it off before bed!”CNN’s Madeline Holcombe, Kristen Rogers and Ashley Strickland contributed Taylor Swift lyrics to this article.

Persons: Taylor Swift, ”, Phyllis Zee, “, Mina Dasgupta, Raj Dasgupta, Daddy Dasgupta, Taylor, ” Mina, ” Dasgupta, Cynthia Ackrill, Swift, it’s, Kristen Knutson, Dasgupta, Knutson, Madeline Holcombe, Kristen Rogers, Ashley Strickland Organizations: CNN, Poets Department, ”, Maserati, Center, Northwestern University Feinberg School of Medicine, “ Research, American Institute of, Northwestern University’s Feinberg School of Medicine Locations: Chicago, Huntington Heath, Pasadena , California

☆ CPAP replacement works well for the overweight, not obese, study finds
▼ + stars: | 2024-04-04 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —An implant for obstructive sleep apnea — a serious sleep malady in which breathing stops for 10 seconds to two minutes many times an hour each night — works best in people who are overweight but not severely obese, a new study found. “There’s a huge unmet need of patients that are suffering with obstructive sleep apnea and not able to tolerate CPAP,” Landsness said. nicolesy/iStockphoto/Getty ImagesAbout a third of patients have difficulty using a CPAP and may ultimately abandon the device, Landsness said. Obstructive sleep apnea is also connected to type 2 diabetes, asthma, obesity, kidney disease, chronic obstructive pulmonary disease, thyroid disease and mental illnesses such as depression and anxiety. “As an alternative treatment for sleep apnea, this hypoglossal nerve stimulation surgery could revolutionize some people’s lives,” he said.

Persons: Eric Landsness, St . Louis, ” Landsness, ”, Kristen Knutson, “, Landsness, CPAP, Brandon Peters, Mathews, ” Peters, Raj Dasgupta, Dasgupta, “ I’ve Organizations: CNN, Washington University School of Medicine, Medicare, BMI, Northwestern University’s Feinberg School of Medicine, Virginia Mason Medical Center, Food and Drug Administration, Huntington Health, Mayo Clinic, telltale Locations: St ., Chicago, Seattle, Pasadena , California

☆ How to sleep better without your partner
▼ + stars: | 2024-03-16 | by ( Kristen Rogers | ) edition.cnn.com time to read: +6 min

Sleep experts recommend turning off screens at least half an hour before going to bed. Those can include stretching, yoga, meditation, a warm shower, aromatherapy or breathing techniques such as progressive muscle relaxation, 4-7-8 breathing or diaphragmatic breathing, experts said. Some couples sleep apart — or at least start the night that way — because of different sleep habits even though they want to sleep together. And of course there’s the age-old guidance for a healthy sleep routine, Dasgupta said. Doing all these things even while your partner is there can make your chances of maintaining a healthy sleep routine even better, experts said.

Persons: ”, isn’t, Wendy Troxel, ” Troxel, “, —, Troxel, There’s, Raj Dasgupta, you’re, Joshua Tal, Tal, ” Tal, Dasgupta Organizations: CNN, RAND Corporation, Huntington Health Locations: Utah, Pasadena , California, New York City, cologne

☆ How to adapt your sleep to Daylight Saving Time
▼ + stars: | 2024-03-09 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

CNN —I know I’m supposed to gradually go to bed and get up earlier over the course of a week or two before Daylight Saving Time hits. CNN: Daylight Saving Time starts Sunday at 2 a.m. Dasgupta: If you find yourself grappling with significant daytime sleepiness in the days after switching to daylight saving time, a short nap before 2 p.m. may be beneficial. Although there are many components of healthy sleep hygiene, some of my favorite tips following the transition to Daylight Saving Time are:1. Remember, with all the focus on your kid’s sleep, don’t forget to take care of yourself, too.

Persons: CNN —, Raj Dasgupta, haven’t, Dasgupta, you’ve, It’s, — Aiden, Mina, Sadie Organizations: CNN, Huntington Heath Locations: Huntington, ”

☆ ‘Sleepy girl mocktail’: Can it actually help you fall sleep?
▼ + stars: | 2024-01-24 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

Enter the sleepy girl mocktail. There are many things to consider before you add in — or rule out — a sleepy girl mocktail, he said. Setting a routinePart of what may make the sleepy girl mocktail helpful isn’t what’s in it as much as the routine of making and drinking it. Mocktails not cocktailsThe sleepy girl mocktail could help by kicking out the evening cocktail (or other alcoholic drink), said Dr. Marie-Pierre St-Onge, an associate professor of nutritional medicine at Columbia University. Maybe the sleepy girl mocktail works for you or maybe it doesn’t, but either way it’s crucial to establish your own version of a good night.

Persons: ”, Samantha Cassetty, Raj Dasgupta, Cassetty, Dasgupta, Andrii Lysenko, Marie, Pierre St, ” Dasgupta Organizations: CNN, Huntington Health, Columbia University, Columbia University Institute of Human Nutrition’s, Excellence Locations: today’s, New York City, Pasadena , California

☆ The science behind sleeping more in winter
▼ + stars: | 2024-01-22 | by ( Kristen Rogers | ) edition.cnn.com time to read: +5 min

“If you feel like sleeping more in the winter, you’re not alone,” said Dr. Raj Dasgupta, an associate professor of clinical medicine at Huntington Memorial Hospital in Pasadena, California, citing research that found at least a third of American adults reported they sleep more in the winter. But participants did get 30 more minutes of rapid eye movement, or REM, sleep during winter. Here’s what experts think you should know about the science and whether you should make any adjustments. “But we can make adjustments to perform in a better way, to rest in a better way during winter,” she said. “To help our bodies make this transition from sleep to wake, it’s important to have light exposure in the morning during winter months,” Weiss said.

Persons: CNN —, you’re, ”, Raj Dasgupta, Dasgupta, wasn’t, ” Dasgupta, Carleara Weiss, Joshua Tal, ” Tal, Weiss, Tal, ” Weiss, Jennifer Martin Organizations: CNN, Huntington Memorial Hospital, St, Hedwig Hospital, Center for Nursing Research, University of Buffalo, David Geffen School of Medicine, UCLA, American Academy of Sleep Locations: Huntington, Pasadena , California, Berlin, New York City

In frigid temperatures, it can take a half hour to warm the battery so it's ready to charge, Westlake said. Bansal, who has had her Tesla for only a week, didn't know about preconditioning the car before charging, but she does now. So she told the car she was going to the charging station and it was ready by the time she arrived and plugged in. The car, she said, will tell you where charging stations are and how much range you have left. Burney said she loses roughly 15% to 20% of her battery range in cold weather, but it gets dramatically worse in cold snaps like the one this week.

Persons: EVs, ”, Neil Dasgupta, “, Ann Arbor, Bansal's Tesla, Bansal, Bruce Westlake, Westlake, Tesla, Kim Burney's Tesla, Burney, Dasgupta Organizations: University of Michigan, University, Michigan, Bruce, Eastern Michigan Electric Vehicle Association Locations: PITTSFIELD, Mich, Chicago, Texas, Brook , Illinois, Ann Arbor , Michigan, Pittsfield Township , Michigan, Ann, Ann Arbor, Westlake

☆ US Airlines Cancel Over 2,000 Flights Due to Massive Winter Storm
▼ + stars: | 2024-01-12 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Airlines in the United States canceled more than 2,000 flights on Friday after a massive winter storm knocked out power and affected businesses in 12 states ahead of a likely brutal freeze over the weekend. A total of 2,058 flights were canceled and 5,846 flights were delayed as of 5.30 p.m. Southwest Airlines led the list of cancellations with 401 flights, followed by SkyWest at 358. "We expect some operational challenges due to the weather in the Midwest today and potentially tomorrow due to the winter weather in the region," Delta Air Lines said. Southwest Airlines said in a travel advisory that some of its flights in Chicago, Detroit and Omaha could be impacted.

Persons: SkyWest, Nathan Gomes, Abhinav Parmar, Sriraj Kalluvila, Arun Koyyur, Shounak Dasgupta Organizations: Reuters, Airlines, United States, Southwest Airlines, Air Lines, Federal Aviation Administration, FAA, Alaska Airlines Locations: United, Midwest, Chicago, Detroit, Omaha, Bengaluru

☆ What do we know about China’s respiratory illness surge?
▼ + stars: | 2023-12-01 | by ( Andrew Silver | ) www.reuters.com time to read: +4 min

SHANGHAI, Dec 1 (Reuters) - A request by the World Health Organization for more information on a surge in respiratory illnesses and clusters of pneumonia in children in China has attracted global attention. The following is what we know about the surge in illness in the world's second most populous country so far, and why experts think there is no need to panic. The National Health Commission told a news conference on Nov. 13 that there was an increase in incidence of respiratory disease without providing further details. IS MYCOPLASMA PNEUMONIAE A BIG WORRY? One concern about the surge in respiratory illness is mycoplasma pneumoniae, which has also spiked in other countries.

Persons: Maria Van Kerkhove, Rajib Dasgupta, mycoplasma pneumoniae, it's, Cecille Brion, Van Kerkhove, We're, Andrew Silver, Miyoung Kim Organizations: World Health Organization, WHO, Program, National Health Commission, Reuters, Pacific, Jawaharlal Nehru University, Doctors, Raffles Medical Group Beijing, Thomson Locations: SHANGHAI, China, Taiwan, WHO China, COVID, South East Asia, New Delhi

CNN —The United States is receiving criticism for contributing an “embarrassing” amount of money to a new climate fund adopted Thursday at the COP28 talks in Dubai, offering a pledge more than five times lower than the United Arab Emirates . Some countries pledged money to the fund right after it was agreed. Money from rich nations must now begin flowing into the fund, they said. Several wealthy nations, including the United States, have been reluctant to tie countries’ obligations to their historic emissions. It’s also been contentious because wealthy nations have expressed concern that paying for such a fund could be seen as admission of climate liability.

Persons: Sultan Al Jaber, ”, Ani Dasgupta, Dasgupta, ” “, ” Dasgupta, Mohamed Adow, ” Adow, “, Biden, John Kerry, ” Tom Evans, ” Evans, “ they’re, It’s, Al Jaber —, ADNOC —, Al Jaber Organizations: CNN, United, United Arab Emirates, World Bank, Japan, World Resources Institute, Republican, Republicans, US Locations: United States, Dubai, United Arab Emirates, United Arab, Germany, UAE, COP28, Egypt

☆ A Climate Summit Begins With Fossil Fuels, and Frustration, Going Strong
▼ + stars: | 2023-11-30 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

As leaders from nearly every nation on the planet gather on Thursday in the United Arab Emirates to confront global warming, many are carrying a sense of disillusionment into the annual climate summit convened by the United Nations. Countries talk about the need to cut the pollution that is dangerously heating the planet, but emissions are reaching record highs this year. Rich countries have pledged to help poor countries transition away from coal, oil and gas, but have largely failed to fulfill their promises for financial aid. After 27 years of meetings, countries still can’t agree to stop burning fossil fuels, which scientists say is the main driver of climate change. “There is skepticism of this COP — where it is and who is running it,” said Ani Dasgupta, president of the World Resources Institute, a research organization.

Persons: ”, Ani Dasgupta Organizations: United, United Nations, World Resources Institute Locations: United Arab Emirates

Greenhouse gas emissions from burning fossil fuels are the biggest cause of climate change. "We have a world which has more fossil fuels than ever," said Ani Dasgupta, president of the World Resources Institute, a climate NGO. U.S. officials and others are hopeful a recent climate deal between the U.S. and China may also set a positive tone for the talks. Another test is whether wealthy nations announce money for the fund at COP28 - to the tune of hundreds of millions of dollars. "Speaking from previous experience, unfortunately most of the global agreements, most of the global climate related pledges went uncompleted," said Najib Ahmed, National Consultant at Somalia's Climate Ministry.

Persons: Sultan al, Jaber, ADNOC, Ani Dasgupta, Narendra Modi, Britain's King Charles, Joe Biden, Gayane, Najib Ahmed, Valerie Volcovici, Josie Kao Organizations: OPEC, United Nations, International Energy Agency, BBC, World Resources Institute, Indian, European Union, Reuters, U.S, FINANCE, EU, Climate Ministry, “, Thomson Locations: Paris, France, WASHINGTON, BRUSSELS, Dubai, UAE, U.S, China, India

☆ Are the COP climate summits working? These countries are going to the courts, instead
▼ + stars: | 2023-11-29 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

“It is a recipe for permanent climate chaos and suffering.”Yet the UN climate summit, known as COP, is tedious. Even fierce climate advocates who agree COP should be more ambitious still believe the summit is a powerful and worthwhile endeavor. “There is a lot of questioning whether this process will deliver or not,” Ani Dasgupta, president and CEO of international climate nonprofit World Resources Institute, told CNN. In this June 2017 photo, President Donald Trump after announcing his intention to abandon the Paris Agreement in the Rose Garden of the White House in Washington, DC. Doug Mills/The New York Times/ReduxStill, former and current US negotiators say climate diplomacy has helped keep the world’s temperature from reaching truly alarming highs.

Persons: António Guterres, ” Guterres, Paris, Payam Akhavan, ” Akhavan, ” Ani Dasgupta, ’ COP’s, ”, Sue Biniaz, John Kerry, Frances F, Denny, Biniaz, ” Biniaz, Donald Trump, Joe Biden, Doug Mills, Jonathan Pershing, William, Flora Hewlett, Pershing, ” Pershing, “, Todd Stern, Jens Astrup, Stern, “ It’s, ” Stern, it’s, It’s, Margaretha Wewerinke, Singh, Mitzi Jonelle Tan, Peter Dejong, Hailey Campbell, ’ ”, Campbell Organizations: CNN, United Nations, Law, United, Resources Institute, Yale University, The New York Times, “, ”, White, New York Times, Kerry, Bella Center, Getty, US, Republicans, International Court of Justice Locations: Paris, Small, States, Vanuatu, Tuvalu, Antigua, Barbuda, Dubai, COP28, United States, New Haven , Connecticut, Rose, Washington , DC, Copenhagen, AFP, Europe, Mississippi, Philippines, Sharm el, Sheikh, Egypt, Hawaii, Honolulu

The world is heading for considerably less warming than projected a decade ago, but that good news is overwhelmed by much more pain from current climate change than scientists anticipated, experts said. Even though emissions of heat-trapping gases are still rising every year, they’re rising more slowly than projected from 2000 to 2015. “It requires the tearing out the poisoned root of the climate crisis: fossil fuels,” said United Nations Secretary-General Antonio Guterres. Guterres, numerous climate scientists and environmental activists all say what’s needed is a phase-out — or at the very least a phase-down — of coal, oil and gas. “This is throwing the global energy transition and humanity’s future into question.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment.

Persons: That’s, It’s, ”, Niklas Hohne, Bill Hare, Rob Jackson, Ani Dasgupta, ” Dasgupta, Hare, Anne Olhoff, “, ” Jackson, Melanie Robinson, that’s, Johan Rockstrom, Antonio Guterres, Sultan al, Jaber, Greta Thunberg, Adnan Amir, ’ ’, Majid Al Suwaidi, we’ve, Institute’s Hohne, Al Jaber, ” Hohne, Dasgupta, can’t, Inger Andersen, ” ___ Read, Seth Borenstein Organizations: United Nations, United Nations Environment, NewClimate, Stanford University, Project, Resources, UNEP, World Resources Institute, Potsdam Institute, Climate Research, Center for Biological Diversity, Biden Administration, Twitter, AP Locations: Dubai, Paris, Europe, Pakistan, Libya, Arab Emirates, ”, al, greenwashing, Russia, Ukraine

☆ Five weird signs of sleep apnea
▼ + stars: | 2023-11-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

Yet even if you’re a rock star at snoring, you may not know you have obstructive sleep apnea unless someone tells you about your nocturnal roars. Here are five weird signs of obstructive sleep apnea to watch for, according to Dasgupta. But research has shown that about 30% of people with obstructive sleep apnea have reported night sweats, Dasgupta said. Teeth grindingGrinding or clenching teeth while sleeping is called bruxism, and it too may be a sign of obstructive sleep apnea, Dasgupta said. “Women especially have a tendency to underreport atypical symptoms such as insomnia, fatigue and depression.”If obstructive sleep apnea awakens you, it may be hard to go back to sleep.

Persons: ”, Dr, Raj Dasgupta, “ It’s, Dasgupta, “, aren’t Organizations: CNN, American Academy of Sleep, University of Southern California’s Keck School of Medicine, Mayo Clinic, OSA, Getty, Cleveland Clinic Locations: “, United States, awakenings

☆ Broadcom plans to close $69 billion VMWare deal on Wednesday
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] 3D printed clouds and figurines are seen in front of the VMware cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 21 (Reuters) - Broadcom (AVGO.O) said it planned to close its $69 billion acquisition of cloud computing firm VMWare (VMW.N) on Wednesday, wrapping up one of the biggest takeover deals in the technology industry that was closely scrutinized by regulators globally. Some investors in the companies had feared about the outcome of the deal after reports said last month that rising Sino-U.S. tensions could lead China's regulator to scuttle the deal. Broadcom shares were down more than 1%, while VMware was down 4.6%. The deal was previously expected to close by Nov. 26.

Persons: Dado Ruvic, Biden, Bernstein, Zaheer Kachwala, Mary Varghese, Siu, Anil D'Silva, Shounak Organizations: VMware, REUTERS, Broadcom, VMWare, Thomson Locations: China, U.S, Beijing, Washington, Bengaluru, Hong Kong

"In the more recent macro environment, consumer demand has been even more uneven and difficult to predict," Best Buy CEO Corie Barry said. U.S. holiday sales are expected to rise at its slowest pace in five years, according to data from the National Retail Federation, as Americans are likely to pull back on holiday shopping. REUTERS/Bing Guan/File Photo Acquire Licensing RightsLast week, industry bellwether Walmart (WMT.N) warned of cautious consumer spending as the holiday shopping season gets underway. Retail executives said higher interest rates, inflation and a resumption in student loan repayments will keep consumer wallets under pressure. Still, some investors expect holiday sales starting Black Friday to hold "some positive surprises."

Persons: Corie Barry, Bing Guan, Fitch, David Silverman, Marvin Ellison, Thomas Hayes, Rachel Wolff, Ananya Mariam Rajesh, Savyata Mishra, Granth Vanaik, Juby Babu, Shounak Dasgupta Organizations: National Retail Federation, REUTERS, Walmart, Retail, Apparel, Abercrombie, Fitch, American Eagle Outfitters, Insider Intelligence, Thomson Locations: United States, SoHo, New York City, U.S, Bengaluru

☆ Wells Fargo employees at two branches mount unionization campaign
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo Acquire Licensing RightsNov 20 (Reuters) - Wells Fargo (WFC.N) employees at two of the bank's branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor campaigns. In a petition to the National Labor Relations Board (NLRB), bankers and tellers at Wells Fargo branches in Albuquerque, New Mexico and Bethel, Alaska declared their intent to join the Communications Workers of America's Wells Fargo Workers United (WFWU). "While we are the first Wells Fargo workers to file for union elections, we will not be the last," said Sabrina Perez, a senior premier banker at Wells Fargo's Albuquerque branch. "We have a deep commitment to invest in and support everyone who works at Wells Fargo ... have significantly improved compensation and benefits for our lower paid employees in recent years," he said.

Persons: Stephanie Keith, Wells, Sabrina Perez, Wells Fargo's Saul Van Beurden, Niket, Anil D'Silva, Shounak Organizations: REUTERS, National Labor Relations Board, Communications Workers, America's Wells Fargo Workers United, Labor, Detroit Three, Wells, Wall Street, Thomson Locations: New York City, U.S, Wells Fargo, Albuquerque , New Mexico, Bethel , Alaska, America's Wells, United States, Wells, Albuquerque, Bengaluru

☆ A timeline of Sam Altman’s ouster from OpenAI and Microsoft appointment
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Companies Openai LLC FollowMicrosoft Corp FollowNov 20 (Reuters) - Following a surprise ouster, OpenAI co-founder and former CEO Sam Altman joined Microsoft (MSFT.O) as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsThe developments come less than a year after OpenAI kicked off the generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. The shakeup is not the first at OpenAI, which was launched in 2015. Reporting by Akash Sriram in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: OpenAI, Sam Altman, Greg Brockman, Carlos Barria, Elon Musk, Akash Sriram, Shounak Dasgupta Organizations: Microsoft, Economic Cooperation, REUTERS, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru

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