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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeighing down the taxpayer: Why weight loss drugs could cost taxpayers over $1 trillion per yearBrian Deese, MIT Innovation fellow and former Director of the National Economic Council under President Biden, joins 'Squawk Box' to discuss the weight loss drug market, the potential impact on taxpayers and the federal deficit, and more.
Persons: Brian Deese, Biden Organizations: MIT Innovation, National Economic Council
A big part of the reason is a European Union common charging rule that's coming soon for the 27-nation bloc. Here's a look at the USB-C plug and what it means for consumers:WHAT IS USB-C AND HOW CAN I TELL IT APART FROM OTHER PLUGS? Political Cartoons View All 1154 ImagesThe USB-C plug comes in a different shape than its predecessors — an elongated oval. It resisted the EU's common charging push, citing worries that it would limit innovation and end up hurting consumers. The EU spent more than a decade cajoling the tech industry into adopting a common charging standard.
Persons: that's, Kaiann Drance Organizations: Apple, Universal, EU Locations: European, U.S, Brussels
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer NEC Director on Bidenomics: Most significant economic response to any legislation in 7 yearsBrian Deese, MIT Innovation fellow and former National Economic Council Director under President Biden, joins 'Squawk Box' to discuss the state of the U.S. economy, the impact of Bidenomics, why results haven't been reflected in polls, and more.
Persons: Brian Deese, Biden Organizations: NEC, MIT Innovation, National Economic Locations: U.S
Tens of thousands of its songs were taken down by Spotify, the Financial Times reported. Universal Music warned streaming services that the number of streams had been boosted by bots. Spotify has taken down tens of thousands of songs which were generated by the AI startup Boomy, the Financial Times reported. In a statement sent to Insider, Spotify said: "Artificial streaming is a longstanding, industry-wide issue that Spotify is working to stamp out across our service." The FT also previously reported that Universal told streaming platforms to block AI services from training themselves on its songs.
Spotify CEO Daniel Ek said concerns from labels and music companies about AI are "legitimate." His comments come after AI-generated songs that sound like popular artists went viral this month. The music industry has "legitimate concerns" about songs generated by AI, the CEO of Spotify said. Daniel Ek addressed the industry's growing unease about AI music in Spotify's first quarter earnings call Tuesday and said it's working with partners to come up with solutions. Grimes, the former partner of Elon Musk and mother to two of his children, tweeted Monday that she'd share half the royalties from any AI-generated song using her voice.
To compete, banks have written fat checks to acquire fintechs — tech, talent, and all. But on Wall Street, old habits die hard, and Goldman has struggled to make Marcus, a big fintech bet, a success. Since the beginning of the pandemic, Wall Street leaders have been at the helm of a push to get their employees back to their desks. It's more that the very things that make Wall Street, well, Wall Street are preventing it from embracing the ethos of Silicon Valley. And perhaps, for Wall Street, that's the moral of the story.
The U.K.’s Office of Communications is probing the market positions of Amazon Inc., Microsoft and Alphabet Google in the coming weeks as part of a study into the country’s cloud-infrastructure-services sector. The regulator said the three firms account for around 81% of the revenue generated in the U.K.’s public cloud-infrastructure market, and that its study would formally assess how well the market is working. Ofcom said it would examine the strength of competition in cloud services generally and the position the three companies hold in the market, as well as consider any features that might limit innovation, growth or new players.
The court’s decision is a win for UnitedHealth, which owns the largest U.S. health insurer and a sprawling healthcare operation that comprises thousands of doctors as well as clinics and valuable data. August 22, 2022, USA: UnitedHealth Group headquarters in Minnetonka, Minnesota. (Credit Image: © File/Minneapolis Star Tribune via ZUMA Press Wire)WASHINGTON—A federal judge Monday ruled against a Justice Department antitrust challenge to UnitedHealth Group $13 billion acquisition of health-technology firm Change Healthcare rejecting government claims that the deal would unlawfully suppress competition and limit innovation in health-insurance markets. U.S. District Judge Carl Nichols ruled for the companies in an opinion that he kept under seal for now because he said it “may contain competitively sensitive information.” The judge said he would release a redacted public version of the ruling in the coming days. In a one-page public order, he denied the Justice Department’s request to block the companies from completing the deal.
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