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☆ AppLovin's 300% surge in 2024 leaves ad-tech company with big expectations for earnings
▼ + stars: | 2024-11-04 | by ( Cj Haddad | ) www.cnbc.com time to read: +4 min

AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. The technology helps put more targeted ads on the mobile gaming apps the company owns, and works for other studios that license the software. They said the company's "real opportunity" is to catch the influx in brand advertising towards mobile gaming from more conventional channels like social media or legacy broadcasting. Because of its position in digital advertising, AppLovin faces potential competition from some of the most well-capitalized companies on the planet. In 2022, AppLovin gave up on efforts to buy gaming software developer Unity Software for $20 billion, after Unity shareholders rejected the bid.

Persons: AppLovin, Wells Fargo, FactSet . Oppenheimer, Stifel Nicolaus, Jefferies, Adam Foroughi, could've, Foroughi, mightily, Unity, LightShed's Brandon Ross Organizations: Nvidia, Revenue, FactSet, Wedbush, Google, Facebook, Apple, Orient, Unity Software, Unity Locations: BTIG, AppLovin, U.S

☆ Electric F-150 owners used their trucks to run CPAP machines and a horse hospital amid hurricane power outages
▼ + stars: | 2024-10-02 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Ford F-150 Lightning owners in Florida and South Carolina used their trucks as mobile generators. Courtesy of Justin LongLong, who also hosts the podcast Straight from the Horse Doctor's Mouth, will talk to anyone who will listen about his electric truck's capabilities. Advertisement"So many people were stunned to realize that everything inside the vet clinic was running off my truck," Long said. "I spent a large part of my day just talking about the electric truck and the advantages that come with having one." Meanwhile, in hard-hit South Carolina, Chris Wilson says his electric truck is "literally saving my life."

Persons: Ford, —, Helene, Justin, Long, Justin Long Long, it's, Hurricane Helene, Chris Wilson, Wilson, Chris Wilson's Organizations: Ford, Pro Power, Service, Springhill Equine Veterinary Clinic, Business, nab Locations: Florida, South Carolina, North Central Florida, Springhill, Florida , Georgia, North Carolina, Carolina

The U.S. is in what may end up being its biggest summer wave of Covid, with no end yet in sight. This year’s summer wave also began earlier than last year’s, Jha said. “Besides that, there’s not much that we can sort of put our finger on to say this is what’s driving this summer surge," Pekosz said. Jha said that what happens this winter is impossible to predict but that there could be a silver lining to a large summer wave. “A big summer wave tends to lead to a little bit of a smaller winter wave and vice versa, just because there’s a little bit more immunity in the population,” he said.

Persons: ”, Ashish Jha, “ It’s, ” It's, There's, Maria Van Kerkhove, Van Kerkhove, Rosem Morton, Jha, Andrew Pekosz, “, there’s, Pekosz, Michael Phillips, epidemiologist, ” Phillips Organizations: Brown University School of Public Health, White, Covid, World Health Organization, Centers for Disease Control, The Washington, Getty, Food and Drug Administration, CDC, Johns Hopkins Bloomberg School of Public Health, didn't, NYU Langone Health Locations: U.S, Europe, Washington, Western U.S, Texas, California, Florida, North Carolina, Covid, New York City

☆ Nvidia is no household name — but may soon overtake Microsoft and Apple
▼ + stars: | 2024-05-31 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Nvidia could soon become the world's most valuable company. That's despite the chipmaker being no household name or big consumer brand such as Apple or Amazon. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's now worth more than Amazon (about $1.9 trillion) and Alphabet ($2.1 trillion), and could soon leapfrog Apple ($2.9 trillion) and even Microsoft ($3.1 trillion). This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Nvidia, Service, Apple, Microsoft, Business

☆ AI mania is just 'typical bubble hype' like the crypto craze, says top economist Paul Romer
▼ + stars: | 2024-05-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Right now there's way too much confidence about the future trajectory of AI," Romer said. However, the economist argued there was not enough data available for the tech to keep progressing at the same pace. "It's just a lot of hype, the typical bubble hype where people are trying to cash in on the latest trend." Taken together, Romer and Kaltbaum see AI-linked stocks as hogging the market's gains — rightfully or not — and view the frenzy as a sign of problems ahead.

Persons: —, Paul Romer, Gee, Romer, Gary Kaltbaum, Kaltbaum Organizations: Service, Bloomberg, Business, World Bank, Boston College, Nvidia, Nike, Kaltbaum Capital Management, Fox Business

☆ Ramp: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

When the economic outlook is uncertain, companies keep a closer eye on expenses. Ramp is among the increasing number of expense management software offerings available to companies big and small. Companies save an average of 5% a year on expenses. The company passed $300 million in annualized revenue in 2023 and grew transaction volume sixfold, surpassing $10 billion in accounts payable volume. At a time when many other startups are finding it more challenging to raise capital, Ramp raised $300 million last August from existing investors, including Thrive Capital, Sands Capital and General Catalyst.

Persons: Catalyst Organizations: Companies, Sands Capital

☆ Coups and Climate Change in the African Sahel - The New York Times
▼ + stars: | 2024-02-28 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

On the time scale of human civilization, this might still be true, particularly when it comes to interpersonal violence. But on the time scale of human memory, it isn’t true any longer, particularly when it comes to warfare. By some measures, it’s more conflict ridden than at any point since the end of World War II. Nonstate violence — conflict between nongovernmental armed groups, such as gangs — has more than tripled, according to Sweden’s Uppsala Conflict Data Program, since a low point in 2007. In 2011, when Pinker published “Better Angels,” there were nearly 40,000 deaths from warfare worldwide, Uppsala estimates.

Persons: Steven Pinker’s, ”, —, Pinker Organizations: International Institute for Strategic Studies, Survey Locations: London, Sahel, Uppsala

☆ What you're probably doing wrong if you work from home
▼ + stars: | 2024-02-28 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Alan Hedge, an ergonomics expert, recommends a mix of sitting, standing, and moving. AdvertisementYou might think you're sitting pretty if you get to work from home. "It's critical that you don't just think in terms of time here — that you think in terms of working in a healthy posture," Hedge said. Critically, he said, the regimen results in 16 transitions when people go from sitting to standing and standing to sitting. You need the right products that you're going to work with, and you need the right postures to work in," he said.

Persons: Alan Hedge, —, wasn't, Hedge Organizations: Service, Department, Cornell University, NASA, Workers Locations: MyBioSource

☆ Here are 3 stocks — other than Nvidia — getting an AI premium from Wall Street
▼ + stars: | 2023-12-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Lisa Su, president and CEO of AMD, during an interview with Mad Money, broadcasting from CNBC's San Francisco bureau on November 21, 2019. The big winner for investors this year in the generative AI boom has been Nvidia . Those companies got a boost after announcing enhancements that draw on generative AI. The data center is another source of optimism, and a few cloud service providers are positioned to win business as organizations boost spending on technology to help them run generative AI services. Here are three other stocks gaining momentum due to the generative AI wave:

Persons: Lisa Su, OpenAI Organizations: AMD, Mad, Nvidia, Microsoft, Nasdaq, iShares Semiconductor Locations: CNBC's San Francisco

☆ Carbon Trading Opens Loophole in Paris Climate Accord
▼ + stars: | 2023-12-04 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

When the South American nation of Guyana wanted to sell millions of carbon-offset credits to preserve its rainforests, government officials knew they had a problem: The country’s lush Amazonian forests were actually in good shape. Guyana’s rate of deforestation was already low, meaning its forests wouldn’t yield much under standard methodologies for calculating carbon credits. So its government chose a new method that allows a large adjustment for countries with healthy forests. The change raised the credits that Guyana could issue sixfold. Guyana sold 37.5 million of them last year to U.S. oil giant Hess for at least $750 million, and is now shopping the remaining two thirds to countries facing pressure to comply with the landmark Paris climate accord, officials say.

Persons: Hess Locations: American, Guyana, Paris

"The Compact with Africa conference aims to send this signal: You can count on Germany as a partner". The 4 billion euros would be channelled into the common EU-Africa Initiative for Green Energy. The European Union had already announced it would deliver it 3.4 billion euros in grants. German trade with Africa was 60 billion euros ($65.4 billion) last year, which is a fraction of its trade with Asia but up 21.7% on 2021. Ivory Coast President Alassane Ouattara said the number of German companies had tripled in five years while Morocco's Prime Minister Aziz Akhannouch said German investment had increased sixfold since 2015.

Persons: Olaf Scholz, Emmanuel Macron, Ursula von der Leyen, Liesa, Scholz, Christian Lindner, Alassane Ouattara, Aziz Akhannouch, Andreas Rinke, Sarah Marsh, Riham Alkousaa, David Gregorio Our Organizations: French, REUTERS, Rights, Africa, Africa Initiative for Green Energy, European Union, " Finance, Ivory, Morocco's, Democratic, Thomson Locations: Africa, Berlin, Germany, Europe, China, West, Russia, Asia, Ivory Coast, Morocco, Tunisia, Egypt, Senegal, Guinea, Ghana, Togo, Benin, Burkina Faso, Rwanda, Democratic Republic of Congo, Ethiopia

☆ China's not-so-special economic zone embodies a harsh new reality
▼ + stars: | 2023-11-16 | by ( David Kirton | ) www.reuters.com time to read: +9 min

REUTERS/David Kirton Acquire Licensing RightsSHENZHEN, China, Nov 16 (Reuters) - Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China's economic miracle. Office workers are not the only ones grumbling about the unattractiveness of Qianhai, a special economic zone where Chinese dreams of global financial might and economic prosperity that once seemed inevitable are now darkened by half-empty skyscrapers and shopping malls as well as barely used motorways. And that's before China's tallest skyscraper of over 1,000 metres and a cluster of other towers are completed. With China entering a new era of sluggish growth, Qianhai may never reach the international status to which it aspires. The Qianhai Authority and China's State Council Information Office did not respond to Reuters requests for comment on the local and macro economic challenges.

Persons: David Kirton, Tony Xiong, Qianhai, Knight Frank, Antonio Fatas, Deng Xiaoping's, Xi Jinping, Xi, Zhiwu Chen, incentivised, Witman Hung, I've, Brian Miller, Klaus Zenkel, it's, Bill Deng, Zhang, James Pomfret, Marius Zaharia, David Crawshaw Organizations: REUTERS, Rights, Reuters, Authority, Communist Party, University of Hong, Qianhai Authority, HSBC, UBS, Standard Chartered, Chamber of Commerce, Greater, Thomson Locations: Shenzhen, Guangdong province, China, Rights SHENZHEN, Hong Kong, Beijing, Shanghai, China's, Qianhai, University of Hong Kong, Guangzhou, Hengqin, Macau, Nansha, South China, Greater Bay Area, . Hong Kong

☆ Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation
▼ + stars: | 2023-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday. Discussions with potential customers such as electric vehicle and battery manufacturers are ongoing, Exxon said in a statement. The lithium operation comes as the major oil companies are under pressure to address climate change. Exxon views lithium as a decadeslong investment with high growth potential as the U.S. shifts to electric vehicles, Ammann said. The U.S currently has just one commercial-scale lithium production operation, in Nevada.

Persons: Dan Ammann, Ammann, " Ammann, CNBC's Organizations: Exxon Mobil, Exxon, Shell, BP, CNBC, . Geological Survey, U.S, Li, Department of Energy, Electric, Cox Automotive Locations: Arkansas, U.S, Argentina, Chile, Nevada

☆ Yelp Profit Soared With Help From IRS Guidance on R&D Tax Deductions
▼ + stars: | 2023-11-10 | by ( Jennifer Williams-Alvarez | Mark Maurer | ) www.wsj.com time to read: 1 min

Yelp’s office in San Francisco. The company’s third-quarter earnings included $15 million from a one-time tax adjustment after new IRS guidance. Photo: Jeff Chiu/Associated PressYelp ’s profit rocketed more than sixfold in its latest quarter, and it wasn’t entirely due to restaurant reviews. The surge in earnings was in part the effect of a one-time tax adjustment related to deductions for research and development, following recent guidance from the Internal Revenue Service.

Persons: Jeff Chiu, Yelp Organizations: Associated, Internal Revenue Service Locations: San Francisco

☆ Bob Iger's return as Disney's CEO once sparked hope inside the company. Now, insiders are anxious and losing faith.
▼ + stars: | 2023-11-07 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com time to read: +15 min

"There was a lot of excitement and hope at the return of Bob Iger a year ago," a current Disney staffer told Insider. Uncertainty about the company's future and about who's deciding what on the creative side has left execs in a state of inertia, according to an entertainment lawyer with knowledge of Disney's business. The declining linear TV business culminated in a standoff with Charter Communications over terms for a new contract for carrying Disney's cable channels. And Disney's streaming business, which was supposed to make up for the decline in cable revenues, has lost $11 billion since Disney+ launched in 2019. Churn is a top concern in Disney streaming, some employees said.

Persons: Goofy, what's, Bob Iger, Bob Chapek, He's, confidants, Zenia Mucha, Alan Braverman, Alan Horn, Jayne Parker, Christine McCarthy —, Mickey, Ariel, grumbled, Iger's, It's, he's, Iger, Paul Verna, Chapek, Bob, it's, Ron DeSantis —, Iger —, Nelson Peltz, he'd, hasn't, Verna, Disney, Ike Perlmutter, Peltz, Perlmutter, Ike, Disney's, Paul Singer, Kevin Mayer, Tom Staggs, Puck, Stagg's Blackstone, Intelligence's Verna Organizations: Walt Disney Co, Disney, ABC, Hollywood, CNBC, Writers Guild of America, Wall, Insider Intelligence, Marvel, Lucasfilm, Century Fox, Google, Facebook, Netflix, Communications, Florida Gov, Hulu, ESPN Iger, FX, Geographic, ESPN, Apple, Electronic, Elliott Investment Management, Bloomberg, Mayer Locations: Burbank, Hollywood, Florida's, Iger

Here's how Kurtz built up Mike's Hot Honey from just a hobby into a company poised to bring in more than $40 million over the next year. This might be the life for me'A college-aged Kurtz in Brazil, where he found the inspiration for Mike's Hot Honey. Some like it hotKurtz working at Paulie Gee's in August 2010 with bottle of Mike's Hot Honey in hand. "I'd be in there from midnight till six in the morning just bottling, capping and labeling bottles of Mike's Hot Honey." Over three funding rounds, Mike's Hot Honey raised $12 million.

Persons: Mike Kurtz doesn't, Franzen, Quentin Tarantino's, Kurtz, Raffi Paul, Mickey Todiwala, Larry Raymond, Larry, Mike Kurtz, Paulie Gee's, Paulie Gee, Matt Beaton, Beaton, Beaton's Organizations: CNBC, Foods, UMass Amherst Locations: Brazil, Greenpoint , Brooklyn, New York City, New York, what's, U.S

☆ Elon Musk says Tesla can hit $4 trillion valuation forecast by billionaire investor Ron Baron over the next decade
▼ + stars: | 2023-11-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla's total market capitalization can swell to $4 trillion over the next 10 years, Ron Baron said Wednesday. CEO Elon Musk agrees with the billionaire investor's forecast. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementLegendary growth investor Ron Baron believes that Tesla's total market capitalization could swell to an eye-popping $4 trillion over the next decade – and Elon Musk agrees.

Persons: Ron Baron, Elon Musk, —, –, Baron, Musk, Tesla Organizations: Service, MarketWatch, SpaceX, Big Tech Locations: Refinitiv

☆ 'I believe in the sector': Investing in K-pop? Bernstein analyst is a fan of this stock
▼ + stars: | 2023-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

His pick is K-pop agency Hybe, which he's given an outperform rating and a target price of 350,000 South Korean won ($258) — or around 44% upside from Tuesday's close. Hybe's roster of artists includes BTS — one of the biggest South Korean boy bands. "I believe in the sector for the long-term growth and the macro trend," Suh told CNBC's " Street Signs " on Monday. Suh highlighted that Netflix announced in April that it would invest $2.5 billion in South Korean media over the next four years. So this is the reason why the global leading enterprise entertainment players companies try to diversify their IP portfolio to run their business more sustainably."

Persons: Bokyung Suh, Bernstein, Suh, CNBC's, Ted Sarandos, Sarandos, Hybe Organizations: South Korean, Kosdaq, SM Entertainment, JYP Entertainment, YG Entertainment, Disney, Netflix, Spotify, Hybe, BTS, Pledis Entertainment Locations: South Korea, Korean

☆ China is bitter medicine for Europe’s EV pivot
▼ + stars: | 2023-09-12 | by ( Neil Unmack | ) www.reuters.com time to read: +7 min

LONDON, Sept 12 (Reuters Breakingviews) - China can offer a bitter medicine for Europe’s bold electric vehicle pivot. That has prompted carmakers to develop premium e-cars for richer punters, rather than mass market vehicles. More competition from Chinese carmakers should help bring down prices of electric vehicles in Europe. It will force Western players to keep cutting costs to avoid losing too much market share, boosting overall e-car adoption. Sales of EVs picked up in August, with Jefferies analysts estimating a total market share across Europe of 23%.

Persons: Oliver Zipse, Olaf Scholz, carmakers, Morgan Stanley, Encouragingly, BYD, ”, EVs, Lisa Jucca, Oliver Taslic, Thomas Shum Organizations: Reuters, Volkswagen, European Automobile Manufacturers ’ Association, HK, Norway, BMW, Reuters Graphics, Jato Dynamics, Benchmark Mineral Intelligence, BYD, Renault, UBS reckons, Financial, Electric, European Union, Jefferies, Thomson Locations: China, Europe, Italy, Europe’s, Germany, Norway, Latvia, Bulgaria, Britain, Polo . China, Western, EU

☆ The US needs to get its ballooning debt problems under control to keep the dollar dominant, former IMF official says
▼ + stars: | 2023-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The dollar's dominance is being threatening by growing debt in the US, economist Barry Eichengreen said. High debt caused the downfall of the British sterling as a global currency in the early 1900s, scholars say. Mounting debt was responsible for the British sterling's downfall as the world's top currency in the early 1900s, Eichengreen said. AdvertisementAdvertisement"Thus, whether the dollar retains its global role will depend not simply on US relations with Russia, China, or the BRICS. But a weaker dollar isn't necessarily a bad thing, as US companies with business overseas can be hurt if the dollar is too strong against local currencies.

Persons: Barry Eichengreen, Eichengreen, there's Organizations: Service, International Monetary Fund, Syndicate, UC Berkeley, Congressional, Office Locations: Wall, Silicon, China, Russia

☆ Berkshire posts record operating profit, rising rates boost Buffett's returns
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

"The earnings impact of higher interest rates on investment income is offsetting the economic softness caused by those same rates," he added. Investors closely watch Berkshire because of Buffett's reputation, and because results from the Omaha, Nebraska-based company's operating units often mirror broader economic trends. NOT LOVING VALUATIONSQuarterly operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Berkshire repurchased $1.4 billion of stock in the quarter, down from $4.4 billion from January to March. Overall profit from Berkshire Hathaway Energy, where Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Jim Shanahan, Edward Jones, Buffett, Cathy Seifert, Seifert, PacifiCorp, Jonathan Stempel, Ira Iosebashvili, Angus MacSwan, Jan Harvey, Alistair Bell, Diane Craft Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Berkshire's Clayton Homes, Profit, BNSF, Forbes, Berkshire repurchased, Apple, Berkshire Hathaway Energy, Occidental Petroleum, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Oregon, An Oregon, Occidental, New York

☆ Ford's U.S. sales rose nearly 6% in July, but its EVs are still lagging
▼ + stars: | 2023-08-02 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Sales of Ford's F-Series pickups, an important profit driver, rose 8.2% in the month to 68,536. The Lightning's factory reopened earlier this week. But sales of Ford's other EV, the E-Transit commercial van, rose over 50% to 791 units in July. Sales of the Bronco SUV climbed over 20% in July, to 12,755, and sales of the smaller Ranger and Maverick pickups rose 8.6% and 13.5%, respectively, from a year ago. U.S. sales of all Ford vehicles, including EVs and Lincoln-brand models, totaled 1,181,207 through July, up 9.4% from the same period in 2022.

Persons: Ford, they're Organizations: Ford Motor Co, Ford Motor, Bronco, Detroit, Lightning, Ford Locations: Dearborn , Michigan, U.S, Lincoln

☆ Ford restarts F-150 Lightning production, says demand jumped sixfold after July price cuts
▼ + stars: | 2023-08-01 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Ford Motor said Tuesday the factory that builds its electric F-150 Lightning pickup has reopened after a six-week break for upgrades — and that recent price cuts on the EV have led to a significant increase in demand. Ford is modifying its production mix to increase supplies of the Lightning XLT, he said. The factory has hired about 1,200 new employees to support the production increase, according to Debbie Manzano, Ford's manufacturing director. Ford is also ramping up production at the factories that supply battery packs and electric motors for the Lightning, Manzano said.

Persons: Marin Gjaja, Gjaja, Ford, Debbie Manzano, Manzano Organizations: Ford, Electric Vehicle, Ford Motor, Electric Vehicle Center, Lightning Locations: Dearborn , Michigan

Tom Schroeder, the whistleblower accusing Medtronic of a kickback scheme, left, is interviewed by Morgan Brennan, in Kansas City, Missouri. Schroeder said rumors circulated that Medtronic sales representatives were bribing VA staff to purchase an excessive amount of the company's inventory. The veterans hospital purchased more devices than some of the largest veterans medical facilities, according to data the VA's investigation gathered. Medtronic also said that Schroeder has "admitted under oath that he has no firsthand knowledge of any problematic procedure involving Medtronic devices." Douglas Winger, one of the Medtronic sales representatives named as a defendant in Schroeder's lawsuit, won a Medtronic President's Club award in 2016 for his sales.

Persons: Tom Schroeder, Schroeder, Becton Dickinson, Medtronic, Morgan Brennan, Schroder, Boua Xiong, Robert J, texted, Rick Ament, Ament, filet mignon, …, I'm, Brendan Donelon, Donelon, CNBC Donelon, Xiong, Douglas Winger, Winger, Kim Hodgson, Hodgson, Dole, ProPublica, John Laird Organizations: Inc, CNBC, Dole Veterans Affairs Medical Center, Dole VA, Department of Veterans Affairs, United, VA's, Department of Justice, Covidien, Dole, Medtronic, Society for Vascular, Drug Administration, FDA Locations: Kansas, United States, Kansas City , Missouri, Dublin, Ireland, Medtronic's, Wichita ., Dole, Covidien, Medtronic, Dole VA

☆ French Police Won Authority to Shoot at Drivers, but Got ‘No Training Whatsoever’
▼ + stars: | 2023-06-30 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

For years, French police unions argued that officers should get broader discretion over when to shoot at fleeing motorists. Finally in 2017, after a string of terrorist attacks, the government relented. Eager to be tough on crime and terrorism, lawmakers passed a bill allowing officers to fire on motorists who flee traffic stops, even when the officers are not in immediate danger. Since that law passed, the number of fatal police shootings of motorists has increased sixfold, according to data compiled recently by a team of French researchers and shared with The New York Times. Last year, 13 people were shot dead in their vehicles, a record in a country where police killings are rare.

Persons: Eager, ”, Frédéric Lagache Organizations: Alliance Police, The New York Times

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