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☆ The fate of MSNBC could be in Trump’s hands
▼ + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

It’s true that analysts expect the Trump administration to generally be less hostile to mergers. Yet it’s also true that some Republicans – including some tapped to join the Trump administration – have been described as “Khanservatives” because they’ve called for tougher, not weaker, antitrust scrutiny. Earlier this year, Gaetz told NOTUS that the FCC chair’s work “inspired me” and he expressed hope she stays in power for a Trump administration. As Gaetz fights to survive a tough nomination process to be attorney general, Comcast dropped a bombshell in the media industry by spinning off MSNBC, CNBC, USA, Oxygen and other networks. “It’s hard not to look at the spinoff of CNBC and MSNBC as potentially a response to the new administration,” said Petro.

Persons: Donald Trump’s, Trump, Donald Trump, ” Craig Moffett, MoffettNathanson, Brendan Carr, Trump’s, Kamala Harris, Carr, Skydance’s, ”, Moffett, Jeffrey Sonnenfeld, Sonnenfeld, Gaetz, Vance, Lina Khan, it’s, they’ve, JD Vance, Khan, Biden, Matt Gaetz, NOTUS, “, Brian Roberts, Will Trump, Frank Louthan, Raymond James, It’s, Louthan, Lee Petro, Dickinson, it’s “, Petro Organizations: New, New York CNN, Department, T’s, CNN, Timer Warner, Trump, Comcast, MSNBC, CNBC, NBC, DOJ, Federal Communications Commission, FCC, Paramount, Fox News, CBS, Yale, Leadership, Time Warner, Biden, Federal Trade, ”, Washington DC Locations: New York, Florida, USA

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ I'm the CEO of an American-made electronics manufacturer. Here's how I'm preparing for new tariffs.
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Karla Trotman, President and CEO of Electro Soft Inc., a US specialty electronics manufacturer in Pennsylvania. My dad and I worked together, and in 2020, I bought them out, so now I'm the owner, president, and CEO. We're still feeling the reverberation from the last round of tariffs, so they never really went away in our industry. Tariff proponents seem to think that enforcing them will cause stateside manufacturing to somehow jump up and be prosperous, but it doesn't really work that way. We really need to understand where our partners are headed so we can flex to meet whatever demand is going to come down the pike.

Persons: Donald Trump's, Karla Trotman, We're, Trump, I'm, we're Organizations: Electro Soft Inc, Ikea, Southeastern Pennsylvania Manufacturing Alliance Locations: Pennsylvania, Asia, Taiwan, China

☆ Comcast doesn't want its cable TV networks anymore
▼ + stars: | 2024-11-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

One of the country's biggest cable TV companies doesn't want its cable networks anymore. That's the pitch Comcast is making Wednesday as it announces plans to split off almost all of its cable TV networks into a new company. Into the spinco goes every cable network Comcast owns except for Bravo. For the record: Comcast says it thinks the cable networks it is ditching can be successful on their own. And as I said last month: Comcast is getting rid of its basic cable networks for the same reason everyone who owns basic cable networks would like to get rid of their cable networks.

Persons: Brian Roberts, Trump, Kamala Harris, Brendan Carr, Trump's Organizations: Cable, Comcast, Bravo, CNBC, MSNBC, NBC, Paramount, Warner Bros, Discovery, Disney, Federal Communications Commission, CBS, Fox News Locations: USA

☆ TNT’s ‘Inside the NBA’ headed for ESPN and ABC after Warner Bros. Discovery settlement
▼ + stars: | 2024-11-18 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +6 min

Warner Bros. Warner Bros. The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros.

Persons: —, Comcast’s, Turner, ”, Ernie Johnson Jr, Charles Barkley, Kenny Smith, Shaquille O’Neal, “, Adam Silver, Max, Hulu, Venu that’s, David Zaslav, Silver Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital, ABC, College Football, Warner Brothers Discovery Locations: U.S, Poland, Latin America, Brazil, Mexico

☆ NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights
▼ + stars: | 2024-11-18 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +2 min

Warner Bros. Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros. The league isn't paying Warner Bros.

Persons: —, Comcast's, Turner Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital Locations: U.S, Poland, Latin America, Brazil, Mexico

WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ Amazon Prime Video to stream Diamond regional sports networks
▼ + stars: | 2024-11-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Diamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. The company's previously launched FanDuel Sports Network streaming options will still be available. In October, Diamond inked a naming rights deal with Flutter -owned FanDuel, rebranding its networks from Bally Sports to FanDuel Sports Network. Both Prime Video and the FanDuel Sports Network app will offer the single games, according to the person familiar with the offering. Amazon's Prime Video already airs a selection of Yankees games each season since it is a stakeholder in the YES Network.

Persons: Diamond Organizations: Sports, Amazon's, Sports Network, Diamond Sports, Bally Sports, FanDuel Sports Network, National Hockey League, Basketball Association, FanDuel Sports, Major League Baseball, Atlanta Braves, Braves, Amazon, NBA, NHL, MLB, New York Yankees, YES Network, Yankees, YES

☆ Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. Before year end, the company plans to file for approval of its experimental "next-generation" Covid vaccine and combination shot targeting Covid and the flu. Moderna this year also expects to apply for expanded approval of its RSV vaccine, targeting high-risk adults ages 18 to 59. "I think the earlier launch and a steeper ramp drove a much higher sales number" for the Covid vaccine, Moderna CEO Stéphane Bancel said in an interview. Analysts had expected sales of $132 million for the RSV vaccine, according to estimates compiled by StreetAccount.

Persons: Moderna, Stéphane Bancel, Bancel, StreetAccount, mull Organizations: Moderna, LSEG, Merck, Research Locations: U.S, Union, Norway, Iceland, Qatar, Europe

To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

North Carolina Attorney General Josh Stein defeated scandal-plagued Republican Lt. Gov. Mark Robinson in the state’s gubernatorial race, NBC News projects, keeping the seat in Democrats’ hands. In other Facebook comments on a livestream from 2019, Robinson said abortion “is not about protecting the lives of mothers. Stein’s victory was boosted by female voters, college-educated voters and independents, a key group needed for victories in battleground races. And while 63% of female voters in the state cast their ballots for Stein, while just 34% of women pulled the lever for Robinson.

Persons: Josh Stein, Mark Robinson, ’, Stein, Roy Cooper, Robinson, ”, Donald Trump, Tom Brenner, “, Robinson — Organizations: North Carolina, Republican, Gov, NBC News, CNN, NAZI, Republican Governors Association, The Washington Post, NBC, Republicans

☆ Here's what President-elect Trump's tariff plan may mean for your wallet
▼ + stars: | 2024-11-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Trump's plan would reduce average after-tax incomes by almost 3%, according to the tax think tank. "If we get tariffs, we will pass those tariff costs back to the consumer," Daniele said in September. A back-of-the-envelope calculation suggests a 10% across-the-board tariff would be roughly equivalent to a $320 billion tax on consumers, Cross said. "The administration could take tariff revenue and redistribute to households via tax cuts in some form or another," explained Pugliese of Wells Fargo. However, the typical U.S. household would still lose $2,600 a year from Trump's tariff plan, even after accounting for an extension of the 2017 tax cuts, according to an analysis by the Peterson Institute for International Economics.

Persons: Donald Trump, Scott Olson, Biden, Trump, There's, Mark Zandi, didn't, Mike Pugliese, Moody's, Philip Daniele, Daniele, Olivia Cross, Cross Organizations: Getty, NBC, Trump, CNBC, Tax, National Retail Federation, Wells, Wells Fargo Economics, U.S, AutoZone, Capital Economics, U.S ., Peterson Institute for International Economics Locations: Grand Rapids , Michigan, Mexico, Wells Fargo, U.S, North America

☆ Palestinian and Israeli filmmakers tell their own story in ‘No Other Land’
▼ + stars: | 2024-11-03 | by ( Leah Asmelash | ) edition.cnn.com time to read: +12 min

Residents countered, saying the IDF had blown up Palestinian homes in Masafer Yatta decades earlier, in 1966). Speaking from Adra’s family home in Masafer Yatta, they spoke with CNN about life under occupation, and what, if anything, their documentary might change. And it’s unfortunate that people are now talking about the need for political change only after, in a way, human beings are paying with their blood. What I saw, like the missions happening, the attacks are happening here in Masafer Yatta. And this is what’s really happening here in Masafer Yatta.

Persons: Basel Adra, Tony Blair, Blair, Adra, Adra’s family’s, ” Adra, “, ”, — Adra, Yuval Abraham, Abraham, it’s, you’re, Yuval Abraham Abraham, It’s, they’re, I’ve, — Organizations: CNN, UK, West Bank, Adra, Berlin, Lincoln Center, New York Film, Basel, Google Locations: Israel, Hebron, Masafer, New York, Gaza, Masafer Yatta, Basel, Palestine, United States, South Africa, Yatta, Washington, London

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn’t gone away since. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation’s roughly 33 million small businesses employ nearly half the nation’s workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. “Whether we like it or not, Asia is the bike manufacturing hub of the world,” said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold. San Diego-based entrepreneur Nichole MacDonald said profit margins for her patented, 10-pocket Sash Bag have been thinning in recent years as material and freight costs have jumped, and tariffs aren’t helping.

Persons: Donald Trump, Chris Smith, Trump, hasn’t, Smith, ”, Biden, —, who’ve, Erica York, Julia Demaree Nikhinson, they’re, Jonathan Gold, Gold, “ they’ve, Ryan Zagata, Zagata, he’d, Felix Tintelnot, Trump’s, ” Trump, Brian Hughes, Nichole MacDonald Organizations: Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University, “ Locations: Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India

☆ After six years of tariffs, small-business owners aren't eager for more
▼ + stars: | 2024-11-01 | by ( Alexandra Byrne | ) www.cnbc.com time to read: +9 min

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn't gone away since. Small-business owners have already been facing tariffs on billions of dollars of goods, most of them from China, implemented by Trump in 2018. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation's roughly 33 million small businesses employ nearly half the nation's workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. "Whether we like it or not, Asia is the bike manufacturing hub of the world," said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold.

Persons: Donald Trump, Chris Smith, Trump, hasn't, Smith, Biden, —, who've, Erica York, they're, Jonathan Gold, Gold, they've, Ryan Zagata, Zagata, he'd, Felix Tintelnot, Trump's, Brian Hughes, Nichole MacDonald, MacDonald, Kamala Harris, it's, Sara Hauman, isn't, doesn't Organizations: Albuquerque, Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University Locations: Albuquerque , New Mexico, Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India, America, Portland , Oregon, West Coast

☆ Comcast says it's thinking of getting out of the cable TV business
▼ + stars: | 2024-10-31 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Cable TV networks look like they're in permanent decline. AdvertisementThe future of cable TV channels is not looking good, at all. And basic cable TV networks are bearing the brunt of the collapse. Programming from the cable networks, for instance, is part of the pitch behind its Peacock streamer. question — if Comcast doesn't want these assets contaminating its core business, why would anyone else want to own it?

Persons: —, MSNBC —, WBD, Mike Cavanagh, There's, Craig Moffett, Cavanagh, They're, Brian Roberts Organizations: Cable, Comcast, Warner Bros, Service, CNBC, MSNBC, NBC Universal, NBC, Discovery, Paramount Locations: Bravo, USA

☆ Funding 'John Wick' kick-started Eva Longoria's investing career. Now, it's her day job.
▼ + stars: | 2024-10-31 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +13 min

Eva Longoria stepped in at the last minute with a $6 million investment that saved "John Wick." AdvertisementTen years ago, Eva Longoria became the unlikely savior of "John Wick." I love David saying, "They went to people with bankroll." What have you made off that $6 million investment? AdvertisementLooking back, how significant was the "John Wick" investment in your investing career today?

Persons: Eva Longoria, John Wick, she's, Longoria, —, Chad Stahelski, David Leitch, Gabrielle, Leitch, Stahelski, Eva, Michael Park, Keanu Reeves, Reeves, She's, Natalie Portman's, David, I've, you've, Keanu, I'm, Chad, Alexandra, You've, Bob Iger, Willow, Orlando Ramirez, Getty, Angel City, Natalie Portman, Al Tylis, Sam Porter, Ryan Reynolds, Rob McElhenney, Rob, Ryan, Garza, Gonzalo Marroquin, Eva Longorias, that's Organizations: Service, CAA, Hyphenate Media Group, Apple, Natalie Portman's Angel City FC, Del, PepsiCo, Business, Lionsgate, Keanu, Angel, FC, Disney, Club Necaxa, Liga MX, Premier League, Angel City, Wrexham AFC, Wrexham, Pepsi, Casa, CNN, Hyphenate Media Locations: Hollywood, Natalie Portman's Angel, Del Sol, Chad, Angel, United States, Wrexham, Aguascalientes, Texas, Mexico, Spain

☆ Eva Longoria had 'no idea' how investments worked when she put $6 million into 'John Wick.' 10 years later, she still gets checks in the mail.
▼ + stars: | 2024-10-31 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +12 min

Eva Longoria stepped in at the last minute with a $6 million investment that saved "John Wick." "I want to be making money while I'm sleeping," Longoria said of her investment philosophy. AdvertisementTen years ago, Eva Longoria became the unlikely savior of "John Wick." I love David saying, "They went to people with bankroll." AdvertisementWhat have you made off that $6 million investment?

Persons: Eva Longoria, John Wick, she's, Longoria, —, Chad Stahelski, David Leitch, Gabrielle, Keanu Reeves, Michael Park, Reeves, Stahelski, Leitch, She's, Natalie Portman's, David, I've, you've, Keanu, I'm, Eva, Chad, Alexandra, You've, Bob Iger, Willow, Orlando Ramirez, Getty, Angel City, Natalie Portman, Al Tylis, Sam Porter, Ryan Reynolds, Rob McElhenney, Rob, Ryan, Garza, Gonzalo Marroquin, Eva Longorias, that's Organizations: Service, Hyphenate Media Group, Apple, Natalie Portman's Angel City FC, Del, PepsiCo, Business, Lionsgate, Keanu, Angel City FC, Disney, Club Necaxa, Liga MX, Premier League, Angel City, Wrexham AFC, Wrexham, Pepsi, Casa, CNN, Hyphenate Media Locations: Hollywood, Natalie Portman's Angel, Del Sol, Chad, Willow Bay, Angel, United States, Wrexham, Aguascalientes, Texas, Mexico, Spain

UNRWA provides far more than humanitarian aid in the Gaza Strip. Many Palestinians see darker motives, viewing the UNRWA ban as Israel's latest attempt to make their lives unlivable, first imprisoning and bombing them, now taking away their main aid lifeline. Palestinians wait to receive medicines at the UNRWA health center in Khan Younis last month. Despite its endorsements, the United States is yet to resume funding to UNRWA after Israel's Oct. 7 allegations. The Israeli Foreign Ministry has said it will use other agencies, such as the World Food Programme and the World Health Organization, to distribute aid.

Persons: ”, Scott Paul, Ariel Schalit, ” Mustafa Barghouti, Ahmad Gharabli, Khan Younis, Bashar Taleb, —, Matthew Miller, “, David Lammy, Hazem Bader, Oren Marmorstein, António Guterres, Philippe Lazzarini Organizations: United Nations, UNRWA —, Hamas, UNRWA, Oxfam America, Palestinian National Initiative, NBC, United Nations Refugee Agency, UNHCR, West Bank, Getty, ”, British, West, Foreign Ministry, NBC News, Israeli Foreign Ministry, Food, World Health Organization, General Locations: Gaza, Gaza City, Israel, Jordan, Syria, Lebanon, Jerusalem, AFP, Ireland, Norway, Slovenia, Spain, United States, U.S, North Korea, West Bank, Hebron, Israel's

☆ 46 people hospitalized with food poisoning in Maryland after sharing meal prepared by coworker
▼ + stars: | 2024-10-24 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Forty-six people were hospitalized in a "foodborne illness outbreak" after sharing a dish at their workplace in Maryland, officials said. The Howard County Health Department said it was working with the Maryland Department of Health to investigate the exact cause of the incident. “Preliminary indications are that the illness was related to outside food prepared by an employee and shared with others at the facility,” the department said. The Maryland Health Department reiterated on X it was “not currently aware of any risk of further illnesses connected to this incident.”The incident unfolded at NAFCO Wholesale Seafood Distributors, WBAL reported. Our headquarters and facilities are regularly inspected and monitored by the relevant health authorities to ensure compliance with all health and safety regulations,” the company said.

Persons: ”, “, WBAL, Stanley Pearlman, NAFCO Organizations: Fire, Rescue, NBC News, Health Department, Maryland Department of Health, Maryland Health Department, Wholesale Seafood Distributors, Stanley Pearlman Enterprises Locations: Maryland, Howard, Chesapeake Bay, Jessup, Baltimore

☆ Blast from past Ingram Micro returns to trading, but IPO market still struggling with valuation concerns
▼ + stars: | 2024-10-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Ingram Micro began trading Thursday at the NYSE under the symbol INGM, surging as much as 17% from its $22 initial public offering price . Still no signs of IPO life, despite record highs for stocks Unfortunately, Ingram is not going to change the IPO dynamic. Pre-covid, a normal year would see roughly $50 billion raised. Recent large IPOs (amount raised, and gain from IPO price) KinderCare $576 m. +20.7% StandardAero $1.4 b. In 2021, private capital was able to raise record funding for tech companies, which became benchmarks for private valuations.

Persons: Imgram, Ingram, Matt Kennedy, BlackRock, Kennedy Organizations: Ingram Micro, NYSE, Tianjin Tianhai Investment Company, HNA, Equity, KinderCare, Renaissance Capital, HPS Investment Partners Locations: Tianjin, IPOs, China

☆ Lucian Grainge Goes on the Offensive As AI Washes Over Music Industry
▼ + stars: | 2024-10-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: 1 min

Grainge, the CEO of Universal Music Group, is going on offense when preparing the major label for an AI wave in music. For example, he's working with YouTube on its "music AI incubator," a program that brings together talent from Universal to gather insights for YouTube's generative AI research. He's setting up AI deals with Endel, SoundLabs, and BandLab. He's partnering with the AI attribution tool ProRata.ai to lay the groundwork to pay content owners for AI-generated materials. The executive also isn't afraid to go to battle over unauthorized generative AI, suing Anthropic and AI music platforms like Suno and Udio around training data, as well as publicly fighting for AI protections in licensing contracts with distributors like TikTok and Meta.

Persons: Endel, Anthropic Organizations: Universal Music Group, YouTube, Universal

☆ Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +2 min

Zomato's Blinkit, Zepto, and Swiggy, which runs the Instamart delivery service and is backed by SoftBank , did not respond to Reuters queries. India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato's Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. "Implement protective measures for traditional distributors and small retailers to safeguard their interests," it urged the Competition Commission of India. Annual sales on Indian quick commerce platforms are set to exceed $6 billion this year, with Blinkit having a nearly 40% market share, while Swiggy and Zepto around 30% each, research firm Datum Intelligence said. Reflecting the strength of the quick commerce sector, Zomato's shares have doubled this year and Swiggy will in the coming weeks will launch its over $1 billion IPO.

Persons: Zomato's, SoftBank, —, Swiggy Organizations: India Consumer Products Distributors Federation, Nestle, Hindustan Unilever, Reuters, Competition Commission of India, Blinkit, Intelligence, Sunday Locations: India

☆ Insider Today: America's billionaire hub
▼ + stars: | 2024-10-19 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Siri, James Bond, Tom Carter, Ram, Fiat —, Leapmotor, Carlos Tavares, Joey Hadden, Jackson, It's, BI's Joey Hadden, Taylor, Chelsea Jia Feng, Taylor Swift, Swift, she'll, Konrad Krajewski, Uber, Priyanka Rajput, Troy Aikman, Anna Kendrick, Jason Segel, Harrison Ford, Peacock, Elisabeth Finch, Rebecca Zisser, We've, grout, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Getty, BYD's, Paris, European Union, Jeep, Fiat, Economic Policy Institute, Target, BI, NFL, Apple, Netflix Locations: London, China, Jackson Hole , Wyoming, York City, Manhattan, LaGuardia, ozina, caked, Patagonia, New York City, New York, Chicago

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

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