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☆ Eli Lilly vs. Novo Nordisk: The pros deliver their verdict on the viral weight-loss stocks
▼ + stars: | 2023-12-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

It has been quite a year for both Eli Lilly and Novo Nordisk given the boom in weight-loss drugs. Shares in Eli Lilly are up around 60% year-to-date, while its Danish counterpart Novo Nordisk has seen a gain of around 50%. At present, both Eli Lilly and Novo Nordisk offer weight loss treatments. Novo Nordisk Novo Nordisk's Wegovy recently made headlines for reducing the risk of heart attacks and strokes by 20% in adults with heart disease and obesity. Aside from Eli Lilly and Novo Nordisk, Pfizer , Johnson & Johnson and AstraZeneca are also developing weight-loss drugs.

Persons: Eli Lilly, Stocks, Rahul Ghosh, Rowe Price, TRP's Ghosh, Eli Lilly's, Ghosh, FactSet, Lilly, Novo Nordisk Novo Nordisk's Wegovy, Elizabeth Field, Squawk, What's, it's, Michael Bloom Organizations: Novo Nordisk, Nordisk, CNBC Pro, U.S . Food, Administration, pharma, Novo Nordisk Novo Nordisk's, Heart Association Scientific, Citi, Pfizer, Johnson, AstraZeneca, Barclays Locations: Danish, U.S, Novo

WASHINGTON (AP) — Sen. Tommy Tuberville announced on Tuesday that he's ending his blockade of hundreds of military promotions, following heavy criticism from many of his colleagues in the Senate and clearing the way for hundreds to be approved soon. Tuberville’s blockade of military promotions was over a dispute about a Pentagon abortion policy. Majority Leader Chuck Schumer, D-N.Y., said a vote on the nominations could come quickly, possibly even in the afternoon. There were 451 military officers affected by the holds as of Nov. 27. It’s a stance that has left key national security positions unfilled and military families with an uncertain path forward.

Persons: — Sen, Tommy Tuberville, he’s “, ”, Chuck Schumer, Tuberville, Joe Biden’s, Pat Ryder, “, Critics, Sen, Dan Sullivan, overreach, ” Tuberville, We've, Lolita C, Baldor Organizations: WASHINGTON, Alabama Republican, Pentagon, Biden, GOP, Associated Locations: Alaska

☆ Tom Hanks brings love of space to new immersive London show
▼ + stars: | 2023-12-05 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

[1/3] Tom Hanks poses at "The Moonwalkers: A Journey With Tom Hanks" immersive show at the Lightroom venue in London, Britain in this undated handout photo obtained by Reuters on December 5, 2023. Justin Sutcliffe/Lightroom/Handout via REUTERS Acquire Licensing RightsLONDON, Dec 5 (Reuters) - Archive footage of space rockets taking off beam across giant walls in a new immersive show in London, as Hollywood actor Tom Hanks narrates the story of human voyages to the moon. "The Moonwalkers: A Journey With Tom Hanks" looks at the first moon landings of the Apollo missions from 1969 to 1972 and their successor, NASA's human spaceflight program, Artemis. Hanks played space commander Jim Lovell in the 1995 film "Apollo 13", about the troubled space mission which was forced to abort a planned moon landing after an oxygen-tank explosion. But I think I need a little bit more time up there to ponder the infinite universe.”"The Moonwalkers: A Journey With Tom Hanks" runs December 6 - April 21, 2024.

Persons: Tom Hanks, Justin Sutcliffe, Artemis, Oscar, Hanks, Victor Glover, Jeremy Hansen, Glover, Hansen, Christina Koch, Reid Wiseman, We've, Jim Lovell, I'd, Marie, Louise Gumuchian, Sharon Singleton Organizations: Reuters, REUTERS Acquire, Thomson Locations: London, Britain, Handout, London's King

☆ Tuberville finally caves and lifts hold on the vast majority of military promotions
▼ + stars: | 2023-12-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Republican Sen. Tommy Tuberville announced an end to his hold on hundreds of military promotions. Republicans, Democrats, and military leaders alike have each said he's damaged military readiness. AdvertisementRepublican Sen. Tommy Tuberville announced on Tuesday that he'll lift his hold on promotions for the vast majority of the hundreds of service members. After months of service members getting blocked from receiving promotions, the secretaries of the Navy, Army, and Air Force each spoke out in September against Tuberville. AdvertisementAt the end of November, Tuberville signaled his willingness to end his block except for "woke" service members.

Persons: Sen, Tommy Tuberville, —, Republican Sen, Tuberville, We've, Roe, Wade, he's, we've, Carlos Del Toro, Tuberville's, Chuck Schumer, it's Organizations: Pentagon, Republicans, Democrats, Service, Republican, Republicans aren't, Department of Defense, Navy, Army, Air Force, Tuberville, Tuberville's Republican Locations: Alabama

☆ Danaher's new acquisition is the latest sign the health-care firm is staging a quiet recovery
▼ + stars: | 2023-12-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

And with the company set to close a key acquisition this week, Danaher's stock is set up for a stronger 2024. On Tuesday, Danaher stock fell about 1.75%, to $218.25 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Rainer Blair, Blair, Danaher, Jeff Marks, we've, Danaher's, Jim Cramer's, Jim Cramer, Jim, Igor Golovniov Organizations: British, Danaher, CNBC, Danaher Corporation, Lightrocket, Getty Locations: Danaher, Veralto

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

☆ The workplace is transforming because workers want good jobs, not just jobs
▼ + stars: | 2023-12-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Despite threats to job security such as layoffs, the rise of return-to-office mandates, and the prospect of artificial intelligence taking over jobs, workers have realized what's akin to letting a genie out of the bottle: Their jobs don't have to be just jobs. The push to make jobs back into careers, and good jobs, is just beginning. "And we've also seen just the massive gap between CEO salaries and frontline worker pay." Even so, there's been what Bruno called a "national consciousness raising" around what a quality job is. And thinking toward a future full of quality jobs is a message workers are taking to heart.

Persons: Ingrid Vilorio, She's, Vilorio, It's, Rob Bruno, Bruno, what's, —, Julie Su, Biden, Biden administration's, Su, there's, Zers —, Federal Reserve Banks, Keith Wardrip, Wardrip Organizations: University of Illinois, Workers, Treasury Department, Gallup, United Auto Workers, BI, Federal Reserve, Federal Reserve Bank of Philadelphia Locations: California, University of Illinois Urbana, Champaign, America, Philadelphia, Atlanta

☆ I'm a Gen Zer who found my 9-to-5 soul crushing until work-from-home changed my life
▼ + stars: | 2023-12-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

I'm a Gen Zer who worked at my 9-to-5 before the pandemic, and found the schedule soul-crushing. The shift to remote work suddenly meant I had time to cook, exercise, and socialize. AdvertisementThere's been a whole lot of buzz recently about Gen Zers discovering the bleak realities of a 9-to-5 schedule. I graduated college in 2019, and went almost immediately into a 9-to-5 schedule. Like other Gen Zers, I enjoy getting face time with my coworkers, and, honestly, the free food.

Persons: Zer, —, There's, Zers, Herman Melville's, Scrivener, We've, Nick Bloom, Bloom, I'd, They're, It's, that's Organizations: Service, Business, University of West, Federal Reserve Bank of New, of Labor Statistics, Stanford University, Insider Locations: York City, University of West England, Federal Reserve Bank of New York, New York City, York

☆ The tech powering ChatGPT won't make AI as smart as humans. Others might.
▼ + stars: | 2023-12-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

But the tech powering it has limitations and may struggle to make AI that is as smart as humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This means the public gets to see research faster, but it isn't necessarily reliable. AdvertisementHe gave "kudos" to Dao and Gu "for pushing on alternative sequence architectures for many years now." ChatGPT was a landmark cultural event that sparked an AI boom.

Persons: ChatGPT, —, Bill Gates, abut, Albert Gu, we've, vXumZqJsdb — Albert Gu, Gu, Dao, JAX, Jim Fan Organizations: Service, Google, Carnegie Mellon, Tri Dao, SSM, Nvidia Locations: AGI, Tri, pretraining

☆ Period poverty: How air pollution in Kenya could make periods heavier, more painful and more expensive
▼ + stars: | 2023-12-05 | by ( Elizabeth Wells | Eoin Mcsweeney | ) edition.cnn.com time to read: +13 min

Studies have linked air pollution to an increased risk of endometriosis , a condition that causes tissue like what lines the womb to grow outside of the uterus. Compared with Kenya, women can more easily access anti-inflammatory drugs and birth control commonly used to manage painful periods. She believes that the new research on air pollution should be a major concern for the millions of women struggling to manage their periods in Nairobi. Kenyan Senator Gloria Orwoba is calling for more research on the link between air pollution and women's reproductive health. Now, she tells CNN, targeted government intervention is needed to address the possible effects of air pollution on menstrual cycles.

Persons: Alice Shikuku, Shikuku, Mercy, Audrey Gaskins, we've, Gaskins, Oscar Lee, Lee, Emmie Erondanga, Miss Koch, Erondanga, Wanjiru Kepha, Kepha, Wanjiru, Damaris Atieno, Atieno, Sen, Gloria Orwoba, Orwoba, William Ruto's, she's, I'm Organizations: CNN, US Agency for International Development, Rollins School of Public Health, Emory University, China Medical University, World Health Organization, Miss, Huru International, Kenya, Kenyan, William Ruto's United Democratic Alliance Locations: Nairobi, Kenya, Korogocho, United States, Taiwan, Taichung, Shikuku's, Dandora, Miss Koch Kenya, Mukuru, Miss, Wanjiru Kepha

☆ Goldman Sachs is betting on the small cap rally. Here's how.
▼ + stars: | 2023-12-05 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

Small cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the exchange-traded fund space. One, believe it or not, is small cap core," Brendan McCarthy, the firm's managing director of exchange traded funds, told CNBC's "ETF Edge" on Monday. "This is our first active small cap ETF, and that's very much on the back of investor demand." It's called the Goldman Sachs Small Cap Core Equity ETF and it's up almost 8% since its early October launch date. Meanwhile, the Russell 2000, which tracks small cap stocks, is up more than 7% in that same time frame as of Tuesday's market close.

Persons: we've, Brendan McCarthy, CNBC's, It's, Goldman Sachs, Russell Organizations: Goldman Sachs, Management, Goldman, Core Equity, Federal Signal Corp, Meritage, Innovation

☆ My spouse and I buy gifts for ourselves instead of each other. It's made the holiday season much more enjoyable.
▼ + stars: | 2023-12-05 | by ( Steph Mickelson | ) www.businessinsider.com time to read: +4 min

This article is part of "Better Holidays," a series highlighting different ways to make holiday celebrations easier and memorable. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This will be our 14th Christmas together, and after much fumbling around when getting each other gifts, we've found something that works for us: getting ourselves gifts. We are pretty frugalWhen he's getting me gifts, my husband's frequent lament is: "What do you get the girl who wants nothing?" When I'm getting my husband gifts, he wants specific things that I would not be able to guess.

Persons: —, we've, we'll, I've, you've Organizations: Service

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

☆ The Fed could cut interest rates as early as the first quarter of 2024. Here are 7 quotes from central bankers that hint at what comes next.
▼ + stars: | 2023-12-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Markets are betting the Federal Reserve will cut interest rates as soon as early 2024. AdvertisementWall Street largely anticipates that the Federal Reserve has finished its interest rate-hiking cycle, and markets are betting central bankers will begin easing policy soon. Tom Barkin, Federal Reserve Bank of Richmond president, November 29: "If inflation comes down naturally and smoothly, awesome. Mary Daly, Federal Reserve Bank of San Francisco president, November 30: "I'm not thinking about rate cuts at all right now. John Williams, Federal Reserve Bank of New York president, November 30: "My assessment is that we are at, or near, the peak level of the target range of the federal funds rate."

Persons: Jerome Powell, —, CME's, Christopher Waller, Tom Barkin, Raphael Bostic, Mary Daly, John Williams, Williams Organizations: Federal Reserve, Service, ING, Barclays, Federal Reserve Bank, Richmond, Federal Reserve Bank of Atlanta, Federal Reserve Bank of San Francisco, Federal Reserve Bank of New York, Federal

☆ CD and Savings Rates Today: Uncover Top Rates
▼ + stars: | 2023-12-05 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, —, Cash, we've Organizations: BMO Alto, Customers Bank, CIT Bank, Savings, Bank, Cash, Products, Secure Savings, Mission Valley Bank, Newtek, United States, Federal Credit Union, Technology Credit Locations: —

☆ New supplier and Wall Street numbers show why Apple stock is back near a record
▼ + stars: | 2023-12-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

New data from a major Apple supplier and Wall Street analysts pushed back against bearish calls around softening demand for the tech giant's devices and services. Bank of America analysts, meanwhile, said Tuesday that Apple's App Store revenue continued to increase last month. App Store sales in China rose 8% year-over-year in November, according to BofA, after experiencing 10% year-over-year growth in October. Overall, BofA said App Store revenue surged 11.3% year-over-year in Apple's fiscal 2024 first quarter to date, or about 61 days in. A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023.

Persons: bearish, Foxconn, Apple's, Jim Cramer, Jim, That's, BofA, we've, Jim Cramer's, Aly Song Organizations: Wall Street, Apple . Bank of America, Apple, Wall, Bank of America, U.S, CNBC Locations: China, BofA, Beijing, Apple's, India, Shanghai

☆ How a violent 1800s uprising against machines could foreshadow our future with AI
▼ + stars: | 2023-12-05 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

AdvertisementI asked Merchant for his perspective on how history informs how we should think about AI and labor. AdvertisementTake the clothworkers: skilled weavers made really high quality cloth and framework knitters made stockings that were nice and durable. Just about everyone loses except the factory owners, who profit from churning out more shoddily made stuff at a rate that the skilled workers can't compete with. AdvertisementBased on your understanding of history, what are the chances that AI helps people by lowering the gap between lower skilled and higher skilled workers? Now, as then, the vast, vast majority of the time, AI absolutely cannot replicate a good writer or worker's output.

Persons: —, Insider's Aki Ito, Brian Merchant, Merchant, Aki Ito, Aki, coders, Ian, it's Organizations: Big Tech, Service Locations: England

☆ How my family of 5 spent $7,000 on our first trip to Disney World and Universal, more than double what we'd typically pay for a vacation
▼ + stars: | 2023-12-05 | by ( Mandy Bray | ) www.businessinsider.com time to read: +6 min

Our Disney World and Universal Orlando trip for a family of five cost about $7,000 for six nights. AdvertisementIn July, our family of five checked a Disney World and Universal Studios trip off our bucket list. AdvertisementWe'd book a family suite at a Disney resort againOur kids enjoyed the pools at Disney's All-Star Music Resort. AdvertisementAt about $7,000, our Disney and Universal trip cost more than double what we've spent on other vacations. We won't be annual Disney World trekkers anytime soon, but we'll probably be back.

Persons: —, Mandy Bray, could've, We'd, I'd, Harry Potter, Bourne, we've Organizations: Disney World, Universal Orlando, Disney, Service, Universal Studios, Transportation, Universal Express, Universal, Universal Studios Orlando, Animal Kingdom, Hollywood Studios Locations: Indianapolis, Orlando, Florida, Epcot, National

☆ There's an uptick in Amazon employees quitting right now, blaming a strict RTO mandate, layoffs, and 'lack of respect'
▼ + stars: | 2023-12-05 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Some Amazon employees have noticed an increasing number of Slack messages lately from colleagues who are quitting over the company's strict return-to-office mandate. Many Amazon employees received deadlines for starting to work in offices and the uptick in departures may be related to teams nearing those various deadlines. "This [is] my last day at Amazon," another AWS employee wrote on Friday. However, BI has asked the company for comment on its RTO policy many times in recent months. "Tomorrow is my last day at Amazon," one Amazon employee wrote on Thursday.

Persons: Slack, RTO, Merritt Baer, Brad Glasser, there's, we've, Ashley Stewart Organizations: Business, Amazon, Web Services, BI Locations: RTO

☆ Speaker Mike Johnson frets that high schoolers increasingly identify as LGBTQ in fundraising email: 'We have much to repent for'
▼ + stars: | 2023-12-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Speaker Mike Johnson is fretting about the growing rate of LGBTQ identification among young people. He lamented that high school students increasingly identify as "something other than straight." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a fundraising email sent on Sunday, House Speaker Mike Johnson lamented that growing numbers of young people are identifying as LGBTQ. "1 in 4 high school students identifies as something other than straight," Johnson declared in the email, a copy of which was first obtained by Punchbowl News.

Persons: Mike Johnson, —, Johnson, it's, Sean Hannity, Charles Moran, he's, Moran, we've Organizations: Service, Punchbowl News, Centers for Disease Control, National Republican Campaign Committee, Republicans, Fox News, Republican

☆ US submarines are getting new long-range ship-killer missiles as China's large navy keeps getting bigger
▼ + stars: | 2023-12-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

The US Navy plans to arm submarines with a new version of the Tomahawk missile next fall. It's the latest US anti-ship effort as rival China continues to build up its already large navy. AdvertisementStarting next fall, US submarines will be equipped with a new version of a widely used and powerful cruise missile. Jon Hersey, the program manager for the Tomahawk Weapons System program office, said in a statement reported by Bloomberg. In its latest report on China's military power, the Pentagon said China had 370 ships and submarines, almost 100 more than the US Navy.

Persons: —, Jon Hersey, Nancy Pelosi's, Kenneth Wilsbach, we've Organizations: US Navy, Tomahawk, Service, Maritime, Pentagon, Bloomberg, RTX Corporation, Navy, US Pacific Air Forces, Air Force, Army, Marines Locations: China, Taiwan, Beijing

One year ago, natural pet food brand NUTRO™ announced the start of their Greater Ground™ program whose mission is to encourage growers to adopt healthy soil practices. This aims to raise awareness of the importance of healthy soil and to encourage select growers in their network to implement healthy soil practices by providing training, support, and funding. Because growers can face many barriers in adopting healthy soil practices on their farms, the NUTRO™ Greater Ground program also offers Soil Growth grants which provide financial support to selected growers within their network. These grants help with the transition costs needed to implement healthy soil practices. In the fable, one neighbor helps the other transform their farm using healthy soil practices.

Persons: ™, Alanna McDonald, HFI, McDonald, we've, Arlo, Mars Organizations: Food & Agriculture Organization, United Nations, Mars, Soil Growth, Growth, Schiff Farms Inc, Soil, Insider Studios Locations: North America, mutuality, Delaware

☆ Rizzlers rejoice: The Oxford English Dictionary has announced its word of the year
▼ + stars: | 2023-12-04 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +2 min

The Oxford English Dictionary even declared it 2023's word of the year. 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 . Folks, we've done it again — as a collective, we've pushed the esteemed Oxford English Dictionary into making a slang term its word of the year. AdvertisementAfter over 32,000 people cast votes, the Oxford team picked "rizz" as its final selection.

Persons: It's, —, we've, Kai Cenat, Tom Holland, BuzzFeed, I've Organizations: Oxford, Service, USA Locations: Oxford, rizz

☆ AI Helps Unskilled Employees on the Job, Hurts Experienced Workers
▼ + stars: | 2023-12-04 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

The numbers have prompted AI optimists to predict an economic boom and AI pessimists to worry about a future of fewer jobs. The question isn't how much AI helps out around the office but who it helps — and why. AI, in other words, is raising overall productivity by narrowing the gap between high performers and low performers. Researchers tasked people to write a short story, with and without the help of an AI tool for generating ideas. A few enterprising employers will go all in on hiring job candidates with less experience and boosting their performance with AI.

Persons: I've, optimists, It's, coders, it's, Bolt, it'll, we'll, isn't, We've, there's, Aki Ito Organizations: Software, Management, Law, Business Locations: United States

☆ Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
▼ + stars: | 2023-12-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books. Spotify cut 6% of its workforce, or about 600 employees, at the start of the year. For the team that will remain at Spotify, I know this decision will be difficult for many. Looking AheadThe decision to reduce our team size is a hard but crucial step towards forging a stronger, more efficient Spotify for the future. As we've grown, we've moved too far away from this core principle of resourcefulness.

Persons: Ek, we've, I've, we're, Katarina, Severance, We're, – Daniel Organizations: Spotify

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