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AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ Quant prop-trading firm Hudson River Trading hopes to supercharge its trading power by partnering with Google Cloud
▼ + stars: | 2024-07-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

New York-based Hudson River Trading is best known for its market-making capabilities. Hudson River Trading winning any trade over its competitors, like Citadel Securities, Virtu, and Jane Street, comes down to its pricing engine. To help it get there, Hudson River Trading turned to Google Cloud, where its quants have been conducting their research for several months without the constraints of an on-premise environment. "Google Cloud allows us to do that without limits to computing power." Advertisement"In other words, what I'm saying is that we need to predict the future of the stock market," Dunning said.

Persons: —, Jane Street, Iain Dunning, Kevin Lee, Dunning, Ken Griffin's, Italo Brito, Brito Organizations: Service, Hudson, Hudson River Trading, Citadel Securities, Virtu, Business, Trading, Google, Nvidia, HRT, Sigma Locations: New York, Hudson

☆ Quant rundown: Here's how hedge funds like Two Sigma, Renaissance Technologies, and D.E. Shaw did in the first half
▼ + stars: | 2024-07-15 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Big-name quants had a strong close to the first half. Managers such as Two Sigma and Renaissance Technologies had strong returns in June. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Shaw, Renaissance Technologies, and Two Sigma had strong second-quarter closes, bringing year-to-date returns in some funds above those of firms like Citadel and Millennium. This story is available exclusively to Business Insider subscribers.

Persons: quants, —, Shaw Organizations: Sigma, Renaissance Technologies, Service, Citadel, Business Locations: Shaw's Valence, D.E

☆ The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
▼ + stars: | 2024-06-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Beijing has long touted its ambitions for increasing global use of the Chinese yuan — also known as the "renminbi" or "RMB" — in an international financial market where the U.S. dollar is the dominant currency. watch nowLast year, the HKEX announced a "Dual-Counter" program that allows investors to trade Hong Kong-listed securities in Hong Kong dollars or Chinese yuan. The euro was slightly higher at 5.6%, while the U.S. dollar dominated with a nearly 85% share, the data showed. A maturing financial marketDeveloping more Chinese yuan-denominated investment products also requires a maturation of the local financial sector.

Persons: China’s renminbi, Athit Perawongmetha, Bonnie Chan, Chan, We're, SWIFT, Fred Hu, Hu, it's, Patience, Kenny Lam Organizations: Reuters, Hong Kong Exchanges, U.S ., International Monetary Fund, U.S, Primavera Capital, Sigma Asia Locations: U.S, Bangkok, Thailand, Reuters DALIAN, China, Beijing, Russia, Dalian, Hong Kong, Shanghai, Pacific

☆ Bitcoin's recent weakness signals an imminent S&P 500 correction, according to Stifel
▼ + stars: | 2024-06-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's recent weakness could be signaling an upcoming correction in stocks, according to Stifel's chief equity analyst Barry Bannister. On Thursday, the S & P 500 briefly touched 5,500 for the first time after notching its most recent record close earlier in the week. "Weakening bitcoin … signals an imminent S & P 500 summer correction and consolidation phase," he said. "With the S & P 500 now at the very high end (2 sigma) of bitcoin post-peak cycle overlays since 2011, we have yet another strong signal that an imminent S & P 500 correction is possible." "Past bubbles since the 19th century indicate the S & P 500 could well rise to ~6,000 at year-end 2024 and then round trip to near where 2024 began five quarters later, by ~1Q26 (S & P 500 ~4,800)."

Persons: Barry Bannister, Bitcoin, Bannister, CNBC's, it's, Stifel Organizations: Nvidia, Nasdaq

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ Cramer's Lightning Round: Sigma Lithium is 'too dicey'
▼ + stars: | 2024-05-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Arista Networks' year-to-date stock performance. Stock Chart Icon Stock chart icon Sigma Lithium's year-to-date stock performance. Stock Chart Icon Stock chart icon Trump Media & Technology Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Eli Lilly's year-to-date stock performance. Stock Chart Icon Stock chart icon Sony Group's year-to-date stock performance.

Persons: Jayshree, Eli Lilly's, Eli Lilly, it's, Jim Cramer's Organizations: Arista Networks, Arista, Sigma, Trump Media & Technology, Sony

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

☆ Here's how big-name quants like Renaissance Technologies and D.E. Shaw performed in April despite choppy markets
▼ + stars: | 2024-05-15 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Funds like Renaissance Technologies, Two Sigma, and D.E. RenTech founder Jim Simons died last week; the billionaire stepped down as chairman in 2021. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe last full month of returns Renaissance Technologies delivered during its founder's life were strong. The quant giant's two largest funds for outside investors, Renaissance Institutional Equities Fund and Renaissance Institutional Diversified Alpha, did well in April, before the firm lost its founder, 86-year-old billionaire Jim Simons, on Friday.

Persons: Shaw, Jim Simons, —, Simons — Organizations: Renaissance Technologies, Sigma, Service, Renaissance Institutional, Fund, Alpha, Business

☆ John Leguizamo says Disney gave the 'Encanto' cast surprise bonuses because it was such a big hit
▼ + stars: | 2024-05-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

John Leguizamo said that "Encanto" was such a huge success that he received a bonus from Disney. AdvertisementDisney was apparently so pleased with the performance of its 2021 hit animated film "Encanto" that it gave members of the cast bonuses — at least, according to star John Leguizamo. For Leguizamo, one of those was Bruno, the reclusive uncle from "Encanto," a Disney animated film about a Colombian family with magical powers. "It was amazing," Leguizamo told BI. But past the numbers, Leguizamo told Business Insider that "Encanto" was so remarkable because of the specificity of its story.

Persons: John Leguizamo, Leguizamo, Bruno, —, that's, Lin, Manuel Miranda, secluding, didn't Organizations: Disney, Service, Walt Disney, Nielsen, Sigma Locations: Colombian

☆ John Leguizamo on His Best Movie Roles: 'Carlito's Way,' 'Encanto'
▼ + stars: | 2024-05-07 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Before John Leguizamo was an acclaimed writer, director, and film star, he was a young Latino actor just trying to get into audition rooms. On turning down 'Carlito's Way' multiple times and becoming a leading man(L-R) Al Pacino and John Leguizamo in "Carlito's Way." UniversalYou've spoken before about turning down "Carlito's Way" a few times before you eventually made the call to sign on. John Leguizamo as Luigi in "Super Mario Bros." (1993) Warner BrosOn doing too many 'ice movies' and feeling dissed by 'Mr. On 'Sigma male' Bruno and getting a bonus for 'Encanto'Maribel and Bruno (voiced by John Leguizamo) in "Encanto."

Persons: John Leguizamo, Leguizamo, Brando, James Dean, Shakespeare, William Goldman, Benny Blanco, Luigi, Mario, he's, He's, Al Pacino, I've, Benicio, Annabel Jankel, Rocky Morton, Mr, Smith, you've, Wears, Stanley Tucci, Robin Williams, Vince Vaughn, Sid, Sloth, Fox, —, Mike Berg, Peter Ackerman, Chris Wedge, Philip Seymour Hoffman, Ben Stiller, Ray Romano, Denis Leary, Michael Keaton, would've, hadn't, Bruno, Coco, that's, Lin, Manuel Miranda, Spike Lee, Sam, Mel Blanc, I'd Organizations: Broadway, New York Daily News, Warner Bros, Marvel, Sigma, Walt Disney Animation, Disney, Cannes, HBO Locations: Jackson Heights , Queens, Toro, Puerto Rican

☆ How Google Cloud is helping quants like Two Sigma work around the shortage of Nvidia's prized AI chips
▼ + stars: | 2024-05-03 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Google Cloud, one of the fund's cloud providers, developed new technologies that drew a full room of spectators at Google Cloud Next. When Google Cloud clients request GPUs through DWS, the platform requires clients to specify the region, the machine type and count of machines, and runtime duration. Knowing how many resources a given client needs allows Google Cloud to provision capacity more granularly, which "unlocks additional capacity," Mateo said. As a cloud provider for many financial firms, Google Cloud benefits from helping its clients run these models because many research platforms are hosted on Google's public cloud. In addition to Two Sigma, Citadel Securities has its research platform on Google Cloud.

Persons: Alex Hays, Hays, Sigma's Hays, Mateo, Dax, They'd, it's, Cook Organizations: Sigma, Google, Wall Street, Nvidia, prioritizes, Citadel Securities Locations: Las Vegas, Cook

☆ I'm a student at Yale, and we party more than you'd think. Here's what parties at the Ivy League are like.
▼ + stars: | 2024-04-12 | by ( Miles Kirkpatrick | ) www.businessinsider.com time to read: +5 min

Read previewLike most Yale students, I'm swamped. Despite the Ivy League's reputation as one big ivory tower, Yale students still love to throw a good party. Yale isn't a huge party school, but we still have partiesWhen choosing a school, the party scene wasn't very high on my priority list. This wasn't a medieval cloister; it was just what you'd expect from any college despite the Ivy League status. Related storyEven closer to campus is Toad's Place, a club that hosts Yale-only Wednesday night parties and is free on Saturdays with a Yale ID.

Persons: —, I've, aren't, that's Organizations: Service, Yale, Business, Ivy League, Sigma Chi, Chi Psi, Saybrook College, Saybrook

☆ Welcome to the Masters, a staple of the billionaire's social calendar
▼ + stars: | 2024-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.

Persons: —, Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London

☆ D.E. Shaw's quant fund, Valence, started the year strong. Here's how computer-driven hedge funds such as Two Sigma and Renaissance Technologies did in the first quarter.
▼ + stars: | 2024-04-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Shaw's Valence fund led the way for quant hedge funds in the first quarter. Two Sigma's Spectrum fund meanwhile trailed the returns of the average hedge fund. Shaw's Valence fund is leading the way in 2024. Shaw declined to provide the current AUM of the Valence fund, but it was reported in 2020 that the fund managed $6 billion. This story is available exclusively to Business Insider subscribers.

Persons: —, Shaw Organizations: Service, Business Locations: Shaw's Valence, York, Valence

☆ Where Old Vegas is still alive today
▼ + stars: | 2024-03-03 | by ( Matt Villano | ) edition.cnn.com time to read: +11 min

MuseumsMuseums are obvious celebrations of the past, and in Las Vegas, these two museums have direct links to the Vegas of old. At the Neon Museum, Old Vegas is showcased in the form of neon signs. Other attractionsSeveral other sights and destinations around Las Vegas keep the city’s past alive in this modern age. At one point every casino in Las Vegas had a machine like this one; today this is the only coin-operated iteration left. Finally, the most recognizable throwback to Old Vegas might be the neon “Welcome to Fabulous Las Vegas” sign at the south end of the Las Vegas Strip near Mandalay Bay Resort & Casino.

Persons: upstage Travis, Taylor, Usher, Jackie Gaughan, Kenny Epstein, Epstein, Gaughan, “, ”, you’ve, Bugsy Siegel, Meyer Lansky, La Concha, Caesar, Chris Welsch, Frank Sinatra, Dean Martin, Sammy Davis Jr, Sinatra, Hugo’s, El Cortez, Barbara Streisand’s, Bauer, Griffin, Vegas Vickie, Vickie, Derek Stevens, Vic, Betty Willis, YESCO Organizations: CNN, Sin, Bellagio, Vegas, Eiffel, El, Fremont Street, National Register of Historic Places, Casino, Hotel, Museums, Mob Museum, National Museum of, US Post Office, Commerce, Neon Museum, Las, Virgin Hotels, Minneapolis Star Tribune, Italian American, Four Queens Casino, Las Vegas, Sigma Derby, Fremont Locations: Sin City, Las Vegas, Paris, Vegas, Hotel Nevada, Fremont Street, America, Old Vegas, Sahara, Virgin Hotels Las Vegas, Las, Fremont, Mandalay

☆ Comac C919: China’s homegrown passenger aircraft makes international debut
▼ + stars: | 2024-02-19 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.

Persons: Cindy Koh, Shukor Yusof, ”, Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian

☆ Ansel, a health insurance startup that wants to upend the claims industry, just raised $20 million using this 12-slide pitch deck
▼ + stars: | 2024-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewHealth insurance startup Ansel has raised $20 million in new funding. Founded in 2019, Ansel is a platform that provides supplemental health insurance via carriers across 48 US states. This story is available exclusively to Business Insider subscribers. Advertisement"We're focused on making health hardships not become financial burdens," Veer Gidwaney, founder and CEO of Ansel, told Business Insider. The new capital will go towards expanding the company's partnerships with leading insurance providers, developing its tech platform, and scaling its marketing and distribution.

Persons: —, Ansel, Veer Gidwaney, Gidwaney Organizations: Service, Business, Gallup, Nationwide, Portage, Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures Locations: New York City

☆ How $21 billion Balyasny is building an AI equivalent of a senior analyst
▼ + stars: | 2024-01-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Balyasny Asset Management is working to build the AI equivalent of a senior analyst by combining multiple different AI tools, the hedge fund's head of applied AI told Business Insider. Balyasny is working to plug BAM ChatGPT, as it's called, into every internal and third-party dataset at Balyasny. "We're pretty laser-focused right now to move from junior analysts to senior analysts," Flanagan said of the agents' abilities. AdvertisementCharlie Flanagan, head of applied AI, Balyasny Asset Management Balyasny Asset ManagementHedge funds are keen to capitalize on the AI wave sweeping up Wall Street. AdvertisementLooking ahead, Flanagan is encouraging analyst and PM teams to build their own "agents" using AI building blocks created by the Applied AI team.

Persons: we're, Charlie Flanagan, Flanagan, Slack, aren't, Goldman Sachs Organizations: Service, Balyasny, Management, Business, Microsoft, Software, Man, Sigma, Wall, Citadel, BAM, intel Locations: Bridgewater

☆ Walmart and Target borrowing ideas from each other shows we're in a new economic landscape
▼ + stars: | 2023-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at the rising similarities between Target and Walmart. Dominick Reuter/Business InsiderIf imitation is the sincerest form of flattery, Walmart and Target are embarking on some serious tributes to each other. AdvertisementTwo of the country's largest retailers are taking pages from each other's playbooks as they adjust to a changing economic landscape. And Walmart founder Sam Walton openly admitted he stole borrowed plenty of ideas from Sol Price, the originator of the wholesale club model. That's led Walmart to see an increase in higher-income clientele, a trend they're leaning into.

Persons: —, Dominick Reuter, Insider's Dominick Reuter, Dominick, Christina Hennington, it's, Sam Walton, Sol Price, That's, Charlie Flanagan, Management's Bryan Kelly, Li Deng, Mike Schuster, Sam Altman Andrew Caballero, Reynolds, Daniel Ek, Slaven Vlasic, Rebecca Zisser, Elon, Zers, Xochitl Gomez, Alyson Hannigan, Jason Mraz, Charity Lawson, Ariana Madix, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Target, Walmart, AQR, Investments, AQR Capital Management, Vatic Investments, Sigma, Investment, Barclays, ING, MSCI Israel, Tel, Tel Aviv Stock Exchange, Israel Securities Authority, Reuters, Broadcom, VMware, The New York Times, Inc, Adobe, ABC, Major, Baseball, MLB Network Locations: Israel, Tel Aviv, New York City, San Diego, London, New York

☆ 2023 has been an AI feeding frenzy, here are the startups that attracted the most investment this year
▼ + stars: | 2023-12-04 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.

Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook

☆ Stephanie Armour — Senior Special Writer, Healthcare Policy at The Wall Street Journal
▼ + stars: | 2023-12-02 | by ( Stephanie Armour | ) www.wsj.com time to read: +1 min

Stephanie ArmourStephanie Armour is a senior special writer for health policy at The Wall Street Journal, where she covers such topics as the Covid-19 pandemic, the Affordable Care Act, Medicaid and Medicare, congressional health legislation, the opioid epidemic, and state health initiatives. A reporter for more than two decades, she has produced award-winning investigative projects on subjects including food safety, body brokering, and human trafficking. Stephanie also has written for Bloomberg and Bloomberg Businessweek, USA Today, The Des Moines Register, and The Daily Tribune in Ames, Iowa. Her journalism awards include a First Place Headliner Award from the Press Club of Atlantic City, a First Place Sigma Delta Chi Award from the Society of Professional Journalists and a First Place in Consumer Journalism Award from the National Press Club. She lives in Washington D.C. and has a degree in English from the University of Minnesota.

Persons: Stephanie Armour Stephanie Armour, Stephanie Organizations: Wall Street, Affordable, Bloomberg, Bloomberg Businessweek, USA, Des Moines Register, The Daily Tribune, Press, Sigma Delta Chi, Society of Professional Journalists, Consumer, National Press, Washington D.C, University of Minnesota Locations: Ames , Iowa, Atlantic City, Washington

☆ Western lithium, graphite miners boost prices for ESG-friendly supply
▼ + stars: | 2023-11-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLOS ANGELES, Nov 17 (Reuters) - Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China. Lithium, the lightest metal, is used to make a battery's positively charged cathode and prized for its ability to store energy. Miners say the surcharges make investors more comfortable financing new projects, especially as Chinese rivals have been known to sell metals below prevailing market rates. Brazil's Sigma Lithium (SGML.V) has already begun selling its production at prices it says reflects its sustainability. The surcharge talk comes despite recent plunges in a range of lithium prices.

Persons: Ivan Alvarado, Patrice Boulanger, Shaun Verner, Amanda Hall, surcharges, Hugues Jacquemin, Ernest Scheyder, David Gregorio Our Organizations: REUTERS, Washington, China, EV, Panasonic Energy, Miners, Syrah Resources, Department of Energy, Tesla, ESG, Summit, Thomson Locations: Antofagasta region, Chile, China, Los Angeles, Brussels, Beijing, North America, United States, Louisiana, North, South America, Quebec

☆ Investors increase holdings of weight-loss drug makers’ shares in Q3 -filings
▼ + stars: | 2023-11-14 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 14 (Reuters) - Some big investors showed increased appetite for weight-loss drug makers in the third quarter, piling in to shares of Eli Lilly (LLY.N) and Novo Nordisk amid growing demand for their product, securities filings showed on Tuesday. Shares of Eli Lilly rose 14.5% in the third quarter and are up 67% this year. Some investors also bought more American Depositary Receipts of Novo Nordisk, including Fidelity Investments, Lazard Asset Management, T Rowe Price and Soros Fund. Novo Nordisk on Saturday presented data showing that the heart protective benefits of Wegovy are not solely due to weight loss, which could make it easier for healthcare insurance reimbursement in the future. Still, other investors trimmed their exposure to Eli Lilly, such as Wellington Management Group, California Public Employees Retirement System and Bridgewater Associates.

Persons: Eli Lilly, Eli Lilly's Mounjaro, JPMorgan Chase, Eli Lilly's, Rowe Price, Marshall Wace, LSEG, “ Stocks, ”, Vincent Aita, Carolina Mandl, Ira Iosebashvili, Matthew Lewis Organizations: Novo Nordisk, Novo, JPMorgan, Vanguard, Sigma, Tiger Global Management, Coatue Management, U.S . Food, Drug Administration, Novo Nordisk's Wegovy, Bank of America, Fidelity Investments, Lazard Asset Management, Soros Fund, Wellington Management Group, California, Bridgewater Associates, Marshall, Renaissance Technologies, Capital Management, Pfizer, Carolina, Thomson Locations: BlackRock, U.S, New York

☆ 35-year-old CEO of $100 million company: I 'don’t remember' anything I learned in college—here's why it was valuable anyway
▼ + stars: | 2023-11-14 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

College prepared Pinky Cole well to be the CEO of a $100 million company, she says — just not in the way you might think. When I went to college, all the stuff that I learned, I don't remember [any] of it," Cole tells CNBC Make It. And while it's certainly possible to connect with high-powered people without a shared academic experience, college graduates tend to have better career prospects and financial outcomes than high school-only graduates. College graduates earned 75% more last year, on average, according to the San Francisco Fed, a research nonprofit. College graduates also reported a 2% unemployment rate last year, compared with 7% for their counterparts, the National Center for Education Statistics reported.

Persons: Pinky Cole, —, Cole, I've, Clark, Chance, Louis, Cole's, Warren Buffett Organizations: Clark Atlanta University, CNBC, Delta Sigma Theta, Federal Reserve Bank of St, College, San Francisco Fed, National Center for Education Statistics Locations: Atlanta, Georgia , New York, Texas, alma mater

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