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☆ Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation
▼ + stars: | 2024-10-28 | by ( Kate Rooney | ) www.cnbc.com time to read: +2 min

Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round. The San Francisco-based company, which was valued at $1 billion in January, raised $175 million in a funding round led by Greenoaks Capital. Sierra is focused on helping enterprises like home security company ADT , Sonos , Weight Watchers and Casper personalize and implement AI agents for customer service. Taylor describes Sierra as "conversational AI," and bristles at the word "chatbot," even banning the phrase in the company's downtown San Francisco office.

Persons: Bret Taylor, Sierra, Taylor, Marc Benioff, Elon Musk, Clay Bavor, Casper personalize, Bavor, ICONIQ, Josh Kushner’s Organizations: Salesforce, Viva Technology Conference, Greenoaks Capital, Twitter, Elon, Google, Sierra, Google Labs, CNBC Locations: Paris, San Francisco

☆ AI startup Sierra raises $4.5 billion valuation
▼ + stars: | 2024-10-28 | 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 EmailAI startup Sierra raises $4.5 billion valuationArtificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor and Google executive Clay Bavor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round.

Persons: Bret Taylor, Clay Bavor Organizations: Google

☆ How a Trump or Harris presidency could impact your investments
▼ + stars: | 2024-10-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +12 min

This is the first in a five-part series about the impact both Trump and Harris presidencies could have on US consumers. To date, Trump and Harris have outlined specific policy proposals that will impact different parts of the stock market. The guide covers four specific asset classes, and is divided between the Trump and Harris impact on each. Advertisement"Our upbeat projections for the stock market in 2024 and 2025 are predicated on a view that hype over AI will continue to fuel a stock market bubble," the research firm said. And since presidential actions usually impact rates, the bond market will be shaped by what either Trump or Harris end up doing.

Persons: Harris, —, Donald Trump, Kamala Harris, Today's, they're, BofA, It's, Financials, Trump's, Trump, Peter Berezin, Joe Biden's, Bonds, Crypto, Bernstein, Gautam Chhugani, bitcoin, Chhugani, Harris Harris, she's, I'm, Larry Fink, Biden, it's Organizations: Trump, Service, Business, Wall, Bank of America, Allies, Foundation, BCA Research, Harris, Democratic, Economics, Capital, Federal, Harris Capital Economics, Federal Reserve, Bloomberg, bitcoin, BlackRock, Capital Economics, Fed Locations: China

☆ A Chinese automaker has taken over Russian plants abandoned by Volkswagen and Mercedes
▼ + stars: | 2024-10-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Chinese automaker Chery is using Russian plants once owned by Western firms, Reuters reported. These factories were abandoned by firms such as Volkswagen and Mercedes after Russia invaded Ukraine. AdvertisementChinese automaker Chery has reportedly started manufacturing vehicles in three Russian plants that once belonged to Western firms, five people familiar with the matter told told Reuters. While Washington has worked to ostracize Moscow from the global economy, Chinese firms have filled the gap. AdvertisementThe pattern especially holds true for Chinese car products.

Persons: —, Mercedes —, Mercedes Organizations: Chery, Reuters, Volkswagen, Mercedes, Service, Washington Locations: Russia, Ukraine, Moscow, Beijing, Western, China

☆ I moved my family from Dallas to a small city in Missouri. I miss the diversity of food in Texas, but the cost of living is much cheaper here.
▼ + stars: | 2024-10-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Josh Hartman and his family moved from Texas to Missouri in 2021 when he started a new job. But Hartman and his wife are happier with their kids' education in Missouri. AdvertisementThis as-told-to essay is based on a conversation with Josh Hartman, a 42-year-old operations manager who moved with his family from Dallas to Sikeston, Missouri, in 2022. We moved to Sikeston, Missouri, in 2022We moved primarily for work, but the location played a big part, too. Then we moved to Texas, and it was summer nine months out of the year.

Persons: Josh Hartman, Hartman, —, We've, It's, we've, We're, they're Organizations: Dallas, Service Locations: Texas, Missouri, Dallas, Sikeston , Missouri, Kansas, Minnesota, DFW, It's, Nashville, Louisville , Kentucky, Louis, Memphis, Springfield , Missouri, We've

☆ Here’s how Trump says he’ll help US businesses through tariffs and taxes
▼ + stars: | 2024-09-24 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +9 min

Trump’s promised business tax cuts come alongside his suite of targeted tax relief for individuals, a list that continues to grow. Trump used tariffs, in part, to help boost American manufacturing. Reducing the corporate tax rateTrump has long wanted to reduce the corporate tax rate to below 21%. It will force owners of successful companies to sell their businesses to raise the cash to pay the tax, Trump said. Notably, the tax cut law temporarily created a special deduction for the owners of certain pass-through entities who pay business taxes on their individual tax returns.

Persons: Donald Trump, we’re, ” Trump, Trump, Kamala Harris, Joe Biden’s, Trump’s, ” John Murphy, Biden, ”, John Gimigliano, “, Harris, CNN’s Kate Sullivan Organizations: CNN, Trump, Democratic, Social Security, Republicans, Tax Foundation, China Business, Federal Reserve, US Chamber of Commerce, Economic, of New, KPMG Locations: Savannah , Georgia, America, Mexico, United States, American, of New York, Savannah

☆ Harris’ cash edge funds advertising blitz as Elon Musk cuts big check to House Republicans, new filings show
▼ + stars: | 2024-09-21 | by ( David Wright | Fredreka Schouten | ) edition.cnn.com time to read: +6 min

The Harris campaign also dramatically outspent the Trump campaign in August, burning through about $174 million. By comparison, Trump’s campaign spent just $61 million last month, with the lion’s share – more than $47 million – going toward media buys. The Trump and Harris campaigns are aligned with an array of committees that file disclosure reports on a separate schedule. The Trump campaign, as CNN has previously reported, has opted to outsource much of its ground game operation to outside organizations. The super PAC spent more than $77 million in August, including nearly $62 million on independent expenditures to benefit the vice president’s campaign.

Persons: CNN — Kamala Harris, Donald Trump, Elon Musk, Harris, Trump, outraised, Joe Biden, Biden, –, Kevin Mohatt, Diane Hendricks, Paul Singer, Dustin Moskovitz – Organizations: CNN, Democratic, Congress, Republican, GOP, Federal, Trump, Republicans, Democratic Congressional, National Republican Campaign, PAC, National Republican, Democratic Senatorial, MAGA Inc, FF PAC, Harris, Facebook Locations: Washington ,, Wisconsin

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ From Oprah livestream to house parties, Black women marshal unprecedented outreach for Kamala Harris
▼ + stars: | 2024-09-19 | by ( Fredreka Schouten | Rene Marsh | ) edition.cnn.com time to read: +11 min

“There is a real clear understanding that this election is a monumental election,” Win With Black Women founder Jotaka Eaddy told CNN. Juliana Yamada/APGroups led by Black women also are launching new political ventures to aid Harris. And she was among the Black women who publicly urged Biden to remain in the race, following his poor June 27 debate performance. Black female organizers in the state also are extending their reach far beyond other Black women. “At the end of the day, what you’re not going to do is blame Black women for not doing their job,” she said.

Persons: DeJuana Thompson, Kamala Harris, “, ”, Thompson, Harris, Oprah Winfrey, Joe Biden, Jotaka Eaddy, Juliana Yamada, Black, Jack, Jill of America, Daria Dawson, “ There’s, ” Hillary Holley, Stacey Abrams, Georgia’s, Holley, –, ” Holley, We’ve, Andrew Harnik, Biden, Obama, Melanie Campbell, Campbell, ” Campbell, Steve Phillips, Harris ’, Win, Kamala, Winfrey, Anna Moneymaker, Donald Trump, Doug Jones, Barack Obama, Janice Robinson, Robinson, Nervahna, Hillary Clinton, Mary Starkey, Clinton, you’re, we’re Organizations: CNN, Democratic, America, YouTube, Win, Women, ”, Black Women, Alpha Kappa Alpha, AP, Howard University, sorority, Delta Sigma Theta, National Council of Negro Women, National Domestic Workers Alliance, Democratic National Convention, Biden, White, Black College and Universities, Red Wine, North Locations: Chicago, Birmingham , Alabama, Pleasanton , California, American, Georgia, Atlanta, Arizona , Georgia, Nevada, North Carolina, Charlotte , North Carolina, Carolina, Alabama, Black, Charlotte, Delaware

☆ Fact checking the CNN presidential debate
▼ + stars: | 2024-06-27 | by ( Cnn Staff | ) edition.cnn.com time to read: +69 min

CNN —President Joe Biden and former President Donald Trump faced off during CNN’s presidential debate in Atlanta Thursday night. From CNN’s Daniel DaleFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. From CNN’s Daniel Dale and Ella NilsenFormer President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. From CNN’s Alicia WallaceFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Kpler found that China imported about 511,000 barrels per day of Iranian crude in December 2020, Trump’s last full month in office.

Persons: Joe Biden, Donald Trump, Biden, Trump “, “, ” Trump, ”, Trump, ” John Kelly, servicemembers, Kelly, Jim Sciutto, Daniel Dale, Kaanita Iyer, Roe, Wade, That’s, Wade ”, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Trump’s, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Will Lanzoni, ” Biden, corpsman —, Hamid Karzai, CNN’s Haley Britzky, didn’t, Priscilla Alvarez, George Floyd, Tim Walz, Walz, Paul –, CNN’s Holmes Lybrand, Daniel Dale FACT, European Union won’t, Ella Nilsen, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, Austin Steele, CNN Biden, Tristen Rouse, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Iran “, Mike Pompeo, ” Pompeo, Tami Luhby Trump, CNN’s KFILE, weren’t, Hillary Clinton, affirmatively, it’s, what’s, –, Alicia Wallace, Obama, CNN’s Ella Nilsen, you’re, Biden’s, Hunter Biden, Joe Biden’s, Viktor Shokin, Shokin, CNN’s Marshall Cohen, “ It’s, Rick Muskat, CNN.So, Morgan, Katie Lobosco, Alvin Bragg’s, Bragg, Jack Smith, Smith, General Merrick Garland, Garland, Matthew Colangelo, Colangelo, I’ve, there’s, Iran haven’t, ” Matt Smith, Ali Vaez, Kpler, Gary Engelhardt, Jason Richwine, ” Richwine, Tami Luhby, Confederate, Robert E, Lee, marchthat, “ I’m, Elle Reeve, Ralph Northam, Jen Christensen, ” Trump’s, Ronald Reagan’s, Barack Obama, George W, ‘, ’ ” Trump, CNN’s Jen Christensen, Pelosi, Nancy Pelosi, “ Nancy Pelosi, …, Alexandra Pelosi, Aaron Bennett, Cherry, Christopher Miller, Miller, Charis Kubrin, CNN’s Catherine Shoichet, ” Kubrin’s, Graham Ousey, College of William & Mary, Erwan, George Washington, Marshall Cohen, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, Howard Gleckman, ” Gleckman Organizations: CNN, Trump, Homeland Security, SSRS, Marquette Law School, NBC, Gallup, ” Rutgers Law, American University, university’s Health, University of California, Atlanta, US Navy, Border Patrol, Border Patrol Council, National Guard, Minneapolis Former, Minnesota Democratic Gov, Minnesota National Guard, Guard, EU, European Union, US, European Automobile Manufacturers ’ Association, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, State, Medicare, Black, of Labor Statistics, Republican, Burisma Holdings, International Monetary Fund, Republicans, House Republicans, US International Trade Commission, US Customs, Deer Stags, Peterson Institute for International Economics, Justice Department, DOJ, DC, federal, Department, Democrat, Americas, Crisis, Social Security, Social, General Internal Medicine, “, Syracuse University, Center for Immigration Studies, Electoral, White, Nazi, US Centers for Disease Control, Former Virginia Gov, United, China Former, China, Hamas, ISIS, Trump’s, Democratic, Congressional, Capitol, Colorado Supreme Court, US Food, Guttmacher Institute, California Democrat, Capitol Police Board, Senate, District of Columbia National Guard, College of William &, NATO, Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, Urban, Brookings Tax, Urban Institute, ”, Tax, Center Locations: Atlanta, France, Afghanistan, Kabul, Jordan, Iran, Somalia, Yemen, Yakushima Island, Japan, Minneapolis, Portland, Minnesota , Minneapolis, St, EU, Georgia, CNN's, Washington ,, AFP, Lebanon, Israel, what’s, Paris, China, India, Russia, United States, Ukrainian, Ukraine, lockstep, American, Manhattan, New York , Georgia, Florida, Washington, New York, York’s, Mexico, Kpler, Malaysia, Charlottesville, Charlottesville , Virginia, White, Virginia, Northam, East, “, New York City, Saudi, al Qaeda, Texas, Colorado, California, Trump, Irvine, Germany, Berkeley

☆ China's explosive export growth could make trade tensions with America even worse
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's exports in May blew past estimates, rising 7.6% year-over-year in dollar terms. But as cheap products flood the US and EU, Western leaders are responding with trade barriers. But as Beijing unloads its products on the world, it's turning up the heat on trade tensions. Friday's data suggests that technology products are boosting China's exports, resulting from the country's growing emphasis on advanced manufacturing. Last month, President Joe Biden announced fresh tariffs against Beijing's advanced products, including quadrupling the duties on Chinese electric vehicles.

Persons: that's, Joe Biden, Donald Trump, Leland Miller, Donald Trump's, Neil Shearing Organizations: Service, Reuters, European Union, Beijing's, Republican Locations: EU, Beijing, China, Southeast Asia

☆ Copper prices will extend records and surge another 288% in the coming years, top trader says
▼ + stars: | 2024-05-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Top commodity trader Pierre Andurand expects copper to reach $40,000 a ton in the next four years. AdvertisementCopper prices at records are only a taste of what's to come, says top commodities trader Pierre Andurand. Copper is already sitting near record highs, so any quadrupling from current levels would mean a prolonged series of fresh records. It's bad news for a depleting inventory; last year, global copper supply hit its lowest seasonal level since 2008. The supply-demand imbalance is the same thesis for why commodities expert Jeff Currie expects higher prices, though his projection is nowhere near Andurand's — Currie expects copper to hit $15,000 in the coming years, and has called it "the most compelling trade" he's ever seen.

Persons: Pierre Andurand, —, That's, Andurand, BHP's, Jeff Currie, — Currie, I'm, Currie Organizations: Service, Financial Times, Bloomberg

☆ Can Biden Win America’s Green Tech Trade War With China? - The New York Times
▼ + stars: | 2024-05-22 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +3 min

On May 14, President Biden announced a major escalation of the country’s emerging climate trade war with China, raising existing tariffs on Chinese electric vehicles to 100 percent — a unilateral quadrupling. A few days earlier, responding to reports of Biden’s plans, Donald Trump outdid him, promising tariffs of 200 percent should he win the 2024 election. Five years after blasting Trump for imposing tariffs on Chinese exports, Biden raised them — on aluminum, steel, lithium batteries, solar cells and semiconductors, among other products. In 2019, Chinese E.V. Nearly 60 percent of all the world’s E.V.s are now sold in China, which is home to three of the world’s four biggest E.V.

Persons: Biden, Biden’s, Donald Trump outdid, It’s, “, Gaia, David Autor, Tesla, BYD Organizations: Trump, Democratic Locations: China, U.S, Washington, Chinese

☆ Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
▼ + stars: | 2024-05-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

That's due, in part, to new American tariffs on China-made EVs, Tavares said, citing among other reasons as well. The Biden administration on Tuesday announced stiff new tariff rates on billions' worth of Chinese imports, including quadrupling tariffs on imported Chinese electric vehicles, from 25% to 100%. The joint venture's expansion plans include at least six EVs by 2027, according to a presentation by Stellantis and Leapmotor. The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions. Many in and around the automotive industry fear the less-expensive, China-made vehicles will flood the markets, undercutting domestic-produced EVs.

Persons: Carlos Tavares, Zhu Jiangming, EVs, Tavares, Biden, " Tavares, Stellantis Organizations: Stellantis, Leapmotor, Europe —, Asia Pacific Locations: China, Europe, Europe — France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania, East, Africa, India, Asia, South America, U.S, Hangzhou

☆ How Biden’s Trade War With China Differs From Trump’s
▼ + stars: | 2024-05-14 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

Joseph R. Biden Jr. ran for the White House as a sharp critic of President Donald J. Trump’s crackdown on trade with China. In office, though, he has taken Mr. Trump’s trade war with Beijing and escalated it, albeit with a very different aim. Those tariffs were first imposed by Mr. Trump and have been maintained by President Biden. But Mr. Biden’s trade war differs from Mr. Trump’s in important ways. Mr. Trump was trying to bring back a broad swath of factory jobs outsourced to China.

Persons: Joseph R, Biden, Donald J, Trump, Trump’s Organizations: White, Mr Locations: China, Beijing

☆ More people are working well past retirement age. It’s not easy
▼ + stars: | 2024-04-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +11 min

So last October, at the age of 80, Murray ended her retirement and got a job giving out samples at Costco. Forecasters expect that cohort of older , working Americans to double over the next decade. “More people are working at desk jobs that don’t require much physical labor,” said Gal Wettstein, a senior research economist at the Center for Retirement Research at Boston College. “That’s people who are changing jobs, younger workers and non-college educated workers.” Older workers tend not to change jobs, and they’re more likely to have a college degree. The Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older in the workplace.

Persons: Hope Murray, ”, Murray, she’ll, “, Murray isn’t, Gal Wettstein, Monique Morrissey, ” Morrissey, What’s, Heidi Brockway, Brockway, Morrissey, ageism, Bob Vaughn, Wettstein, Vaughn, Mary Susan, they’ve, Mary Susan’s, they’d, They’re, Diane Reiter, ” Reiter, she’s, I’d, She’s Organizations: New, New York CNN, Gas, Costco, ”, Pew Research Center, Center for Retirement Research, Boston College, Economic Policy Institute, Social, Social Security Agency, Social Security, Lawmakers, AARP, Retirement Research, Amazon, Economic, Worker, Brookings Locations: New York, Hollywood, San Diego, Los Angeles, Southeast Florida, Florida, United States, Charlotte , North Carolina, Asheville, Chicago

☆ Ukraine’s Arms Industry Is Growing, but Is It Growing Fast Enough?
▼ + stars: | 2024-04-02 | by ( Lara Jakes | ) www.nytimes.com time to read: +1 min

Ukraine’s military had only one Bohdana artillery cannon in its arsenal when Russia invaded the country two years ago. Now, Ukraine’s arms industry is building eight of the self-propelled Bohdana artillery systems each month, and although officials will not say how many they’ve made in total, the increased output signals a potential boom in the country’s domestic weapons production. Russia’s war machine is already quadrupling weapons production in round-the-clock operations. Ukraine’s forces are losing territory in some key areas, including the strategic eastern town of Avdiivka, where they withdrew from in February. And while European defense firms are gingerly opening operations in Ukraine, major American weapons producers have yet to commit to setting up shop in the middle of a war.

Organizations: NATO Locations: Russia, Ukraine, Kharkiv, Avdiivka, U.S

☆ Top Wall Street analysts pick these 3 stocks for attractive returns
▼ + stars: | 2024-03-31 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.

Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S

☆ Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold
▼ + stars: | 2024-03-30 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.

Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire

☆ Searches for VPNs spike in Texas after Pornhub pulls out of the state
▼ + stars: | 2024-03-15 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

“The apparent spike in VPN searches in Texas shows that these types of age verification laws aren’t just unconstitutional, they’re also silly and ineffective,” Greer said. “Similar search spikes have been reported after other states passed age verification laws, which EFF opposes,” said Hudson Hongo, a spokesperson for the group. It also highlights the running debate in statehouses nationwide about how and whether governments can require websites to perform age verification. It requires adult websites to implement “reasonable age verification” methods to ensure that pornography is not being distributed to minors. The 5th Circuit court’s latest decision formally lifts the injunction against the Texas law.

Persons: Pornhub, “, VPNs, ”, Evan Greer, they’re, ” Greer, Hudson Hongo, ” Pornhub, David Alan Ezra, Ezra, Ken Paxton Organizations: CNN, Texas, Pornhub’s, Google, Texans, Frontier Foundation, EFF, Court, Western, Western District of, Circuit, “ Locations: Texas, China, Russia, Turkey, Montana , Utah, Virginia, statehouses, Western District, Western District of Texas

☆ Live Updates: Biden Budget Underscores Divide With Republicans and Trump
▼ + stars: | 2024-03-11 | by ( Jim Tankersley | ) www.nytimes.com time to read: +6 min

Last week, House Republicans passed a budget proposal outlining their priorities, which are far afield from what Democrats have called for. Mr. Biden has sought to reclaim strength on economic issues with voters who have given him low marks amid rapid inflation. But Mr. Biden has been unwavering in his core economic-policy strategy, and the budget is not expected to deviate from that plan. White House officials, previewing the budget release, said Mr. Biden would propose about $3 trillion in new measures to reduce the budget deficit over the next decade. House Republicans released a budget last week that seeks to reduce deficits much faster — balancing the budget by the end of the decade.

Persons: Biden, Donald J, Trump, ”, “, ” Mr, ” Shalanda Young, Trump’s, Mr, Biden’s, . Young, Jared Bernstein Organizations: Republicans, Democrats, Republican, Tax, White, Budget, Mr, White House Council, Economic Advisers Locations: Israel, Ukraine

☆ Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
▼ + stars: | 2024-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlings thanks to their weight-loss drugs. And it comes despite only 1% of US adults taking weight-loss drugs, according to Bank of America , which predicts that number could rise to 15% by 2035. Weight-loss drugs are also cutting more than just fat. For Wall Street, meanwhile, the equation is much simpler: Getting more people on weight-loss drugs boosts the economy. The trend, which will be powered by cash-rich mega-cap tech companies, is thanks to strong earnings growth, the bank said.

Persons: —, Joe Biden, Donald Trump —, Trump, Zhan, Eli Lilly, Tesla, Hannah Latham, Octavio Jones, Christian Rodriguez, Laura MacPherson, Jenny Chang, Rodriguez, they're, Goldman Sachs, Biden, Barry Sternlicht, Fernando Gutierrez, It's, Elon Musk, TikTok, Pete Ryan, RJ Scaringe, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, pharma, Business, Tesla, Microsoft, JPMorgan, Pfizer, Novo Nordisk, Bank of America, Nvidia, Companies, Fed, Infrastructure Investment, Alpha, Commission, Elon, EV, Nike, Congress, White, Meta, SXSW Locations: China, US, New York, London

☆ Lightbeam.ai helps companies manage AI governance. It just raised $17.8 million with this 16-slide pitch deck.
▼ + stars: | 2024-02-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewLightBeam.ai, a data privacy and security startup, has raised $17.8 million in fresh funds. Founded in 2020, the company wants to help businesses adapt their data security in an increasingly AI-powered world. "In the era of generative AI breakthroughs, organizations are empowered to unlock valuable insights from customer data," Prasad told Business Insider. Advertisement"However, this advancement poses the crucial challenge of ensuring secure and compliant handling of customer data within the evolving landscape of AI governance and privacy regulations." The new funding will go towards scaling the San Francisco-based startup's head count having previously focused predominantly on technology investment.

Persons: —, Priyadarshi Prasad, Prasad Organizations: Service, Business, Vertex Ventures, Dropbox Ventures Locations: Francisco

☆ Fact check: Trump makes false claims in New Hampshire victory speech
▼ + stars: | 2024-01-23 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

CNN —Former President Donald Trump made several false claims in a speech Tuesday night after CNN and other media outlets projected that he would win the Republican presidential primary in New Hampshire. CNN also watched rival candidate Nikki Haley’s Tuesday night speech in New Hampshire; Haley’s claims were either accurate or too general to fact check. He lost the 2020 election fair and square to Joe Biden, by a 306 to 232 margin in the Electoral College, and also lost New Hampshire in that election. Chris Sununu, a supporter of Haley, Trump said that because of Sununu’s incompetence, “in the Republican primary, they accepted Democrats to vote. In fact, I think they had 4,000 Democrats – Democrats before October 6 – they already voted.

Persons: Donald Trump, Nikki Haley’s, Haley’s, dismissively, Joe Biden, “, Biden, ” Howard Gleckman, ‘, ” Gleckman, ” Trump, Hillary Clinton, Chris Sununu, Haley, Trump, –, it’s, Sununu, can’t Organizations: CNN, Republican, Trump, Electoral College, New Hampshire, Brookings Tax, Urban Institute, New Hampshire Trump, Democratic, Republican New Hampshire Gov, – Democrats, GOP, New Hampshire Bulletin Locations: New Hampshire, “, New, Trump’s, Florida, Hampshire

☆ Israel's First International Bank Q3 profit dips, default provision jumps
▼ + stars: | 2023-11-29 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

FIBI, Israel's fifth largest bank, also said on Wednesday it would keep unchanged its dividend policy of paying out 50% of annual net profit. Net profit for the July-September quarter was 455 million shekels ($124 million), down from 467 million shekels a year earlier. FIBI said it had 165 million shekels in credit loss expenses in the quarter, versus 43 million the previous year. FIBI recorded a non-interest financing expense of 1 million shekels in the quarter versus income of 48 million the year before. FIBI said its board approved a dividend distribution of 90 million shekels.

Persons: Baz Ratner, FIBI, Smadar Barber, Steven Scheer, Mark Potter Organizations: International Bank of Israel, REUTERS, Rights, Bank of, Thomson Locations: Jerusalem, Bank of Israel

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