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☆ GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares, the agency said on Wednesday. Cohen failed to notify the agency as required when he amassed shares above the $100 million threshold in 2018, the agency said. He had not purchased the shares solely as an investor, but had given bank management input into how to run its business and sought a board seat, according to the FTC. He ultimately reported the transactions to the FTC in 2021. An attorney for Cohen did not immediately respond to a request for comment.

Persons: Ryan Cohen, Wells, Cohen Organizations: GameStop, U.S . Federal Trade Locations: U.S, Wells Fargo

☆ Von der Leyen names European Commission's new top team
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +2 min

European Commission President Ursula von der Leyen attends a press conference, on the day of a European Union leaders summit, in Brussels, Belgium March 22, 2024. EU Commission President Ursula von der Leyen on Tuesday named Spain's ecological transition minister Teresa Ribera as the bloc's next antitrust commissioner while Estonia's Kaja Kallas will be in charge of foreign policy. All commissioners will report to German conservative von der Leyen, who this summer was handed a second term as EU chief executive by member states after her political camp won the most votes in EU elections. A second Trump presidency could sharply alter Western unity on supporting Ukraine against Russia's invasion and up-end EU trade relations with the world's biggest economy. There was some drama on Monday on the next Commission's line-up, when France picked Foreign Minister Stephane Sejourne as its new candidate after the incumbent, Thierry Breton, abruptly quit with tough words for von der Leyen.

Persons: Ursula von der Leyen, Teresa Ribera, Estonia's Kaja, Andrius, Stephane Sejourne, Slovakia's Maros Sefcovic, Ribera, Denmark's, Margrethe Vestager, der Leyen, Trump, Thierry Breton, von der Leyen Organizations: European Union, EU, French, Big Tech, U.S, Ukraine Locations: Brussels, Belgium, China, France

☆ Breton says he is stepping down as France's EU commissioner, citing spat with von der Leyen
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: +1 min

French European Commissioner Thierry Breton on Monday said he would step down as a member of the EU executive body over a rift with Commission President Ursula von der Leyen, alleging that she had asked Paris to withdraw his candidacy. Von der Leyen is finalizing her list of commissioners for her second term leading the governing body, due to be presented to the public this week. In his resignation letter, which Breton posted on X, he said von der Leyen "a few days ago" had asked France to withdraw his name as its pick for the Commission "for personal reasons" in return for an "allegedly more influential portfolio". Von der Leyen's office did not immediately reply to a request for comment. The French presidency did not immediately reply to a Reuters request for comment.

Persons: Thierry Breton, Ursula von der Leyen, Paris, Von der, Breton, von der Organizations: French, Big Tech, Reuters, EU Locations: France

☆ SpaceX Polaris Dawn spacewalk: Why it was a historic milestone
▼ + stars: | 2024-09-14 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —SpaceX’s Polaris Dawn crew is beginning its fifth day in orbit, having marked a few record-setting milestones on a historic journey — including the world’s first commercial spacewalk. Polaris Dawn crew member and SpaceX engineer Sarah Gillis emerges from the SpaceX Crew Dragon capsule during the first commercial spacewalk on Thursday. The Polaris Dawn mission's Crew Dragon capsule is seen Wednesday 870 miles (1,400 kilometers) above Earth — the farthest humans have traveled since the Apollo program over 50 years ago. The riskiest part of the journey may be over, but the Polaris Dawn crew still has a key milestone ahead: coming home. Polaris Dawn mission commander and Shift4 Payments CEO Jared Isaacman is seen anchored to a ladder dubbed the "skywalker" by SpaceX during his spacewalk.

Persons: CNN —, Elon, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Gillis, —, Sarah Gillis, Isaacman, Bill Nelson, “, ” Nelson, Van Allen, mission's, Menon, NASA’s, Isaacman — Organizations: CNN, Polaris, NASA, Hubble, Telescope, Space, SpaceX, Elon Musk’s, Shift4, US Air Force, Polaris Program, International Space, Polaris Dawn Locations: United States, U.S, Florida, West, of Florida

☆ Polaris Dawn spacewalk: Watch live as SpaceX's commercial astronauts attempt mission's historic EVA
▼ + stars: | 2024-09-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Their week-long mission, called Polaris Dawn, is fully private with no NASA involvement — but it's no billionaire joyride. The Polaris Dawn spacewalk planThe spacewalk procedure begins 48 hours before opening the Crew Dragon's hatch, with a "pre-breathe." Polaris Dawn crew members train to recognize symptoms of complications from decompression. The Polaris Dawn crew will have to open Dragon's nosecone with no airlock to keep its cabin pressurized. Polaris Program via XThe risks and stakes are highThe Polaris Dawn spacewalk plan — no airlock, vehicle fully open to space — is not totally unprecedented.

Persons: —, joyride, Elon Musk's, It's, Jared Isaacman, Anna Menon, Sarah Gillis, Scott Poteet, haven't, Leroy Chiao, Chiao, John Kraus, Isaacman, Gillis, — Menon, Poteet, Mike Hopkins, NASA Abhi Tripathi, Tripathi, Menon, Bill Gerstenmaier Organizations: Service, SpaceX, Business, Polaris, NASA, Elon, Air Force, Polaris Program, Space Station, Reuters, UC Berkeley's Space Sciences Laboratory Locations: Mars, West Coast, Hawthorne , California

☆ SpaceX performs historic first spacewalk with Polaris Dawn crew
▼ + stars: | 2024-09-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

SpaceX pulled off its first spacewalk in the early hours of Thursday morning, in a historic first for a company. The marquee event of the private Polaris Dawn mission went smoothly, with two of the crew members — Jared Isaacman and Sarah Gillis — stepping outside of SpaceX's Dragon capsule "Resilience." It's the first time civilians, and not government astronauts, have performed a spacewalk. The spacewalk, otherwise known as an extravehicular activity, or EVA, is seen by SpaceX as a crucial milestone in its goal of sending people to other planets. The mission is also the first to fly employees of the company, represented by mission specialist Gillis and medical officer Anna Menon.

Persons: — Jared Isaacman, Sarah Gillis —, Gillis, Anna Menon Organizations: SpaceX, Polaris, Isaacman

☆ Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple
▼ + stars: | 2024-09-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesA landmark ruling from the European Union's top court means Ireland will receive 13 billion euros ($14.4 billion) in unpaid taxes from Apple — a windfall that Dublin had spent several years fighting to avoid. In a decision the European Court of Justice (ECJ) said was final, the EU's top court on Tuesday ruled that Apple must pay Ireland billions of euros in back taxes. For years, Ireland consistently argued that the iPhone maker should not have to repay unpaid taxes to the country. The decision comes at a time when Ireland is in the unusual position of running a budget surplus of several billion euros, partly due to the strength of corporate tax receipts. Shoppers and staff are seen inside the Apple Store, with its sleek modern interior design and prominent Apple logo on September 10, 2024 in Chongqing, China.

Persons: ECJ, Margrethe Vestager, Apple, Johanna Geron, Aidan Regan, there's, Simon Harris, Sir Keir Starmer, Brian Lawless, Robert Dever, Dever, Alex Cobham, Cobham, Cheng Xin Organizations: Bloomberg, Getty, Apple, Court of Justice, European Union, Reuters, Irish, University College Dublin, CNBC, Ireland's Finance Ministry, Ireland, U.S, England, Masons, Tax Justice Network, UN, Shoppers Locations: Wicklow, Dublin, Ireland, Brussels, Belgium, Farmleigh, Republic of Ireland, Chongqing, China

☆ Meet SpaceX's Polaris Dawn crew: The daring 4 who are in space on the most ambitious private space mission in history
▼ + stars: | 2024-09-11 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

Read previewSpaceX just launched four people on its most daring human spaceflight yet, a mission called Polaris Dawn. Jared Isaacman, mission commanderJared Isaacman at SpaceX in Hawthorne, California. Anna Menon, mission specialist and medical officerAnna Menon is Polaris Dawn's mission specialist and medical officer. Before joining SpaceX, Menon worked at NASA and helped oversee International Space Station operations as a biomedical flight controller. Scott "Kidd" Poteet, mission pilotScott "Kidd" Poteet is the pilot of the Polaris Dawn mission.

Persons: —, They're, Jared Isaacman, bankrolling, SpaceX's, Isaacman, Richard Branson, Jeff Bezos, He's, he's, Jude Children's, Jude, it's, Monica Isaacman, Sarah Gillis, John Kraus, Gillis, Joe Tanner, Tanner, She's, Lewis, Polaris Dawn, Anna Menon, Joe Skipper, Menon, Anil, James, Grace, Anna, Scott, Kidd, Poteet, Scott Poteet Organizations: Service, SpaceX, NASA, Apollo, Business, Draken, Messaging, Polaris, St, Jude Children's Research Hospital, Hubble, New York, Polaris Program, Denver Post, Space, Jude Children's Research, Reuters, he's, US Air Force, US Air Force's Thunderbirds, Spectrum News, Air Force, Polaris Dawn, UNH Locations: Hawthorne , California, Shift4, New Jersey, Boulder , Colorado, Houston, Space City, Monument , Colorado

☆ Apple loses EU court battle over 13 billion euro tax bill in Ireland
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. In 2014, the European Commission, the European Union's executive arm, opened an investigation into Apple's tax payments in Ireland, the tech giant's headquarters in the EU. Apple and Ireland appealed the Commission's decision in 2019, and in 2020 the EU General Court sided with the U.S. tech giant. The EU's second-highest court anulled the Commission's 2016 decision and said that the executive arm did not prove that the Irish government had given Apple a tax advantage.

Organizations: Apple, European Court, Apple Watch, CNBC, European, Reuters, European Commission, EU, The, Ireland, U.S Locations: Ireland, U.S, London, Dublin

☆ SpaceX launches 4 people, including a billionaire, on the most ambitious private human spaceflight yet
▼ + stars: | 2024-09-10 | by ( Morgan Mcfall-Johnsen | Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The Polaris Dawn mission is a fully private spaceflight, commissioned and funded by a billionaire. Godspeed Polaris Dawn crew, may you make history and return safely." High radiation and the first commercial spacewalkOnce they settle into orbit, the Polaris Dawn crew has a five-day agenda packed with experiments and a bold spacewalk plan. AdvertisementA SpaceX Falcon 9 rocket, carrying the crew of the Polaris Dawn Mission, entered space on Tuesday. So the Polaris Dawn crew plans to fly through a belt of intense radiation and monitor their hearts, airways, and eyes along the way.

Persons: —, it's, Elon Musk's, Anna Menon, Sarah Gillis, Scott Poteet, Jared Isaacman, SpaceX Menon, Gillis, Poteet, Isaacman, Frank Messina, SpaceX's, CHANDAN KHANNA, John Kraus, Polaris Dawn, Abhi Tripathi, they're, Tripathi, Starship's, Isaacman haven't Organizations: Service, Polaris, Business, SpaceX, US Air Force, Mission, Polaris Dawn, Apollo, Polaris Program, UC Berkeley's Space Sciences Laboratory, of Liberty Locations: Mars, Cape Canaveral , Florida, Texas

☆ SpaceX’s Polaris Dawn mission just made history. But the riskiest part is still to come
▼ + stars: | 2024-09-10 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

CNN —SpaceX’s Polaris Dawn mission kicked off early Tuesday, launching a four-person crew of civilian astronauts into orbit. The company confirmed that the SpaceX Crew Dragon spacecraft carrying the crew reached its peak altitude of 1,400.7 kilometers (870 miles) at 9:19 p.m. The Polaris Dawn mission also marks the farthest any human has journeyed since the final Apollo mission in 1972 — and the farthest into space a woman has ever traveled. The pre-breathe protocol the Polaris Dawn crew is undergoing is entirely unlike what is carried out on the International Space Station. In this screenshot from video, the Polaris Dawn crew sit in the Dragon capsule shortly after launching towards space on Tuesday.

Persons: CNN —, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Menon, Poteet, Gillis, Isaacman, Rick Mastracchio, Dave Williams, Polaris Dawn crew’s, ” Gillis, “, pressurization, Garrett Reisman Organizations: CNN, SpaceX, Polaris, SpaceX SpaceX, Shift4, US Air Force, NASA, Space Station, Space Locations: —

☆ Google's 2.4 billion euro fine upheld by Europe's top court in EU antitrust probe
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

The European Union flag is seen with Google's logo. Europe's top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. The fine stems from an antitrust investigation by the European Commission, the executive arm of the European Union, which concluded in 2017. Google appealed the decision with the General Court, the EU's second-highest court, which also upheld the fine. Google then brought the case before the European Court of Justice (ECJ), the EU's top court.

Organizations: European Union, Google, CNBC, European Commission, Court of Justice

☆ Polaris Dawn's spacewalk will be historic — and risky. Here's everything to know.
▼ + stars: | 2024-09-10 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Persons: —, joyride, Elon Musk's, It's, Jared Isaacman, Anna Menon, Sarah Gillis, Scott Poteet, haven't, Leroy Chiao, Chiao, John Kraus, Isaacman, Gillis, — Menon, Poteet, Mike Hopkins, NASA Abhi Tripathi, Tripathi, Menon, Bill Gerstenmaier Organizations: Service, SpaceX, Business, Polaris, NASA, Elon, Air Force, Wednesday, Polaris Program, Space Station, Reuters, UC Berkeley's Space Sciences Laboratory Locations: Mars, West Coast, Hawthorne , California

☆ A worker won $600,000 after Twitter said his goodbye messages showed he had resigned. The case holds valuable lessons for staff and employers.
▼ + stars: | 2024-09-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Recently released documents detailed the commission's decision, revealing new details about Rooney's case and Twitter's human-resources practices under Musk's direction. Three days later, he received a second email from HR saying it was acknowledging his "decision to resign and accept the voluntary separation offer." Slack messages could just as easily be used as evidence in a sexual-harassment case, Camfield added. However, employers need to train employees to understand that company policies extend to Slack and that their information is not private, she said.

Persons: —, Gary Rooney, Elon Musk, Musk, Rooney, Robyn Hopper, Stefanie Camfield, Noah Berger, Camfield, hasn't, wasn't, it's, Hopper, Slack, That's Organizations: Service, Twitter, Elon, Business, Workplace Relations, Society for Human Resource Management, Engage, Slack Employers Locations: Dublin, Ireland

☆ OpenSea receives Wells notice from SEC, regulator says NFTs are securities
▼ + stars: | 2024-08-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Crypto marketplace OpenSea has been added to the SEC's list of targets, as the regulator extends its crackdown on the sector. The company's CEO said in a post on X on Wednesday that the U.S. Securities and Exchange Commission issued a Wells notice against OpenSea. A Wells notice is typically one of the final steps before the SEC issues formal charges. The letter, according to the OpenSea chief, alleges that the nonfungible tokens, or NFTs, sold on its platform are securities. In May, investment platform Robinhood announced it received a Wells notice for the company's crypto operations.

Persons: Wells, Devin Finzer, OpenSea, Coinbase, Gary Gensler, Crypto, haven't, Donald Trump, Trump, Gensler Organizations: U.S . Securities, Exchange Commission, OpenSea, SEC, NFTs, CNBC, Ethereum Foundation, Robinhood, Republican Locations: California, U.S

☆ White House launches broad new regulatory effort, as Harris prepares to unveil economic plan
▼ + stars: | 2024-08-12 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden attends a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024. "I think we can all relate to this," White House domestic policy advisor Neera Tanden told reporters Friday. Democratic presidential nominee and Vice President Kamala Harris is preparing to unveil her presidential campaign's first economic policy plans this week. "The CFPB will identify when the use of automated chatbots or automated artificial intelligence voice recordings is unlawful, including in situations in which customers believe they are speaking with a human being," according to a White House fact sheet. The initiative also calls on health insurance companies to allow policyholders to submit claims online.

Persons: Joe Biden, Leah Millis, Neera Tanden, Biden, Kamala Harris, Broad, Harris, Craig Hudson, Tanden, policyholders, Xavier Becerra, Julie Su Organizations: NATO's, Biden, House, Democratic, U.S, Las Vegas Aces, White, Reuters, Consumer Financial Protection Bureau, Federal Communications Commission, Federal Trade, FTC, of Health, Human Services, of Labor Locations: Washington , U.S

☆ Harris VP short list stacked with contenders who can raise big money
▼ + stars: | 2024-07-29 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Both of these lawmakers have two things in common: they are among those being considered to be Vice President Harris' running mate and can help raise a boatload of money for her heading into November. Trump is raising big moneyDespite Harris' momentum, Trump is still raising a lot of money. The Harris campaign figures cannot be independently verified either, until Aug. 20, when her campaign disclose its financials. "Vice President Harris has directed her team to begin the process of vetting potential running mates," the Harris campaign said in response to a request for comment. Shapiro is one of the more moderate contenders to be Harris' running mate.

Persons: Kamala Harris, Vincent Alban, Josh Shapiro, Mike Kempner, Sen, Mark Kelly, Harris, Shapiro, Kelly, Tim Walz, Pete Buttigieg, Joe Biden, Donald Trump, Trump, JD Vance, Mike Belshe, Cantor, Howard Lutnick, Kempner, Kevin Mohatt, Mike Bloomberg, Jennifer Duda, Forbes, Duda, — Harris, luncheons, Amanda Andrade, Kyrsten Sinema, Walz, Sarah Traxler, Nicole Neri, Buttigieg, he's Organizations: West Allis Central High School, Reuters Pennsylvania Gov, Hamptons, CNBC, Minnesota, NBC News, Trump, Republican National Committee, Federal, Commission, U.S, Reuters, Pennsylvania, Bloomberg, New, Republican, Associated Press, Rhoades, Technology Inc, OpenSecrets, Employees, Microsoft, Apple, Federal Communications, National Education Association, International Brotherhood of Electrical Workers and International Brotherhood of Teamsters, Wall Street Democratic, Democratic, PAC Locations: West Allis , Wisconsin, U.S, York, R, Ohio, Silicon Valley, New Jersey, United States, Water, Pennsylvania, Philadelphia , Pennsylvania, California, New York, Israel, Gaza, Arizona, Washington , U.S, Mexico, Minnesota, Minneapolis , Minnesota

☆ An engineer who lived in NASA's Mars simulation for 378 days went through extreme isolation — but still said he'd go to the red planet for real if he could
▼ + stars: | 2024-07-26 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Not just anyone can live on MarsThe CHAPEA crew celebrates the birthday for Ross Brockwell, left, inside the habitat. Luckily for the CHAPEA crew, everyone got along well and became close even before they set foot in the habitat, Brockwell said, which helped reduce the sense of isolation. Homesickness is realThe 1,700-square-foot CHAPEA habitat contains individual living quarters for four volunteer crew members. But you might fall in love with itA CHAPEA crew member participates in a simulated "Marswalk" inside a 1,200-square-foot sandbox to mimic the Martian landscape. Despite the challenges he faced during the simulation, Brockwell would love to visit Mars for real someday.

Persons: —, Ross Brockwell, he'd, Brockwell, Patience, it's, Bill Stafford, wasn't, Gene Kranz's, Scott Kelly, James M Organizations: Service, NASA, Business Locations: Houston

☆ Rats, roaches, and other creatures are winning against climate change, and it's bad news for humans
▼ + stars: | 2024-07-25 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +8 min

In the game of climate change, there are both winners and losers. AdvertisementMany of these climate change "winners" are hardy, fast-breeding scavengers that already live in some of the most degraded habitats on Earth: cities. When it comes to what they eat, they aren't picky, which means they probably don't have to worry about climate change eliminating their food source. If climate change is driving a "ratpocalypse," as some evidence suggests, that could have big consequences for human health. But as climate change raises temperatures and alters precipitation trends, their range is expanding and shifting to new geographic areas.

Persons: Giovanni Strona, Shutterstock, they've, We're, —, they're, They're Organizations: Service, Business, Commission's, Research Centre, Pest Control, South America, AP, CDC Locations: York, Africa, Asia, South America, South, Florida, Texas, Europe, Vermont

☆ Elon Musk, Tucker Carlson, and David Sacks personally lobbied Trump to pick Vance: report
▼ + stars: | 2024-07-16 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewTesla billionaire Elon Musk, former Fox News host Tucker Carlson, and venture capitalist David Sacks personally lobbied Donald Trump to select JD Vance as his running mate, according to Axios. Axios said that a secret lobbying campaign continued into Monday morning, led by key figures such as Musk, Carlson, and Sacks. Tucker Carlson praised JD Vance after he was announced as Trump's VP nominee. Advertisement"When the Twin Towers came down, JD Vance enlisted in the Marine Corps, gung-ho to exact justice on America's enemies," Sacks wrote on X. Representatives for Donald Trump, JD Vance, Elon Musk, Tucker Carlson, and David Sacks did not immediately respond to requests for comment.

Persons: —, Elon Musk, Tucker Carlson, David Sacks, Donald Trump, Vance, Trump, Mike Allen, Doug Burgum, Sen, Marco Rubio —, Axios, Carlson, Sacks, Carlson's, Rupert Murdoch, doesn't, JD Vance, Ivan Apfel, JD, America's Hitler, Sean Hannity Organizations: Service, Fox News, GOP, Business, Truth, CNN, — North Dakota Gov, Trump, Politico, Federal Trade, Big Tech, Marine Corps Locations: Ohio, United States, —, Ukraine, Israel, Europe, American

☆ Elon Musk's X deceives users and breaches online content rules, EU says
▼ + stars: | 2024-07-12 | by ( April Roach | ) www.cnbc.com time to read: +1 min

Elon Musk's X is in breach of EU online content rules as the social media platform uses "dark patterns" to deceive users, the European Commission said Friday. The body's preliminary view, published Friday, is that the platform has broken rules regarding dark patterns, advertising transparency and data access for researchers. X's use of the blue checkmark for "verified accounts" does not correspond to industry practices as anyone can subscribe and obtain a verified status, the commission said. It added that there was evidence of "motivated malicious actors" abusing the verified status to deceive users. If the commission's views are confirmed, X could face a fine of up to 6% of its global annual turnover.

Persons: Elon Musk, Elon Musk's, Thierry Breton Organizations: SpaceX, Tesla, European Commission, Digital Services Locations: Beverly Hills , California

☆ Elon Musk braces for another fight after X gets named and shamed
▼ + stars: | 2024-07-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

European regulators said Elon Musk's X deceives users and breaches EU rules. The European Commission cited issues with data access, advertising transparency, and "dark patterns." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's X deceives its users and breaches online content rules, the European Commission said on Friday. The body said X's blue checkmark system for "verified accounts" deceives users as anyone can pay to obtain verified status.

Persons: Elon Musk's, —, Elon Organizations: Service, European Commission

The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network (DISH.MX) New Tab , opens new tab and an environmental group composed of amateur astronomers and dark-sky enthusiasts. The court in 2022 rejected a separate challenge to SpaceX's plan to deploy satellites at a lower Earth orbit than planned. In late 2022, the FCC approved SpaceX's request to deploy up to 7,500 satellites after the commission in 2018 approved SpaceX plans to deploy up to 4,425 first-generation satellites. The three-judge panel said the FCC "decision to license SpaceX’s Gen2 Starlink satellites was lawful and reasonable." New Tab , opens new tab

Persons: Veronica Gabriela Cardenas, Elon Musk's, Jessica Rosenworcel, David Shepardson, Franklin Paul, Diane Craft Organizations: SpaceX, REUTERS, Federal Communications Commission, U.S, Appeals, District of Columbia, FCC, Elon Musk's SpaceX, Opportunity Fund, Thomson Locations: Brownsville , Texas, U.S, WASHINGTON

☆ ETF Innovators: 11 people disrupting the industry, creating unique products, and delivering mammoth returns
▼ + stars: | 2024-07-11 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

We highlight 11 people disrupting the ETF industry and delivering impressive returns for investors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to PwC, total ETF assets under management have grown by almost 19% a year over the last five years. And asset management giants seem more willing to enter the ETF space, according to Nate Geraci, president of The ETF Store. This story is available exclusively to Business Insider subscribers.

Persons: —, It's, Morningstar, Nate Geraci Organizations: issuances, Service, Securities, Exchange, Business Locations: PwC

☆ Europe has overpromised on artillery shells to Ukraine and is making even less than it admits: investigation
▼ + stars: | 2024-07-08 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewEuropean claims about its capacity to produce artillery shells are wildly overblown, meaning it won't be able to supply Ukraine anywhere near the quantity it has promised, according to a new investigation. The European Commission claimed that, as of January this year, Europe's annual production capacity for 155 mm shells had reached one million shells a year. Related storiesOne source familiar with the industry said Europe would produce less than half a million shells by the end of the year, and said it was poor policy to pretend otherwise. Advertisement155mm shells have been a crucial staple for both sides of the conflict in Ukraine. As of May, Russia was able to produce artillery shells about three times faster than Ukraine's allies were able to, and for a quarter of the cost, Sky News reported.

Persons: —, Thierry Breton, Johanna Bernsel Organizations: Service, European Commission, Business, Internal, Radio Free, Rheinmetall, European, EU, Bloomberg, Sky News Locations: Ukraine, Estonian, Europe, Russia

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