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☆ India eases curfew in violence-hit Manipur
▼ + stars: | 2023-06-18 | by ( Zarir Hussain | ) www.reuters.com time to read: +2 min

GUWAHATI, India, June 18 (Reuters) - Indian authorities said on Sunday they had started to relax a curfew imposed in violence-hit Manipur after 45 days of civil unrest in the north-east state, seeking to reduce anger spilling onto the streets and restore normalcy. Meiteis, the dominant community in the low lands of the state, who account for half of state's population, demand extension of limited affirmative action quotas to them. But Kukis fear it would mean Meiteis would get a greater share in education and government jobs reserved for them. "We believe that if the prime minister takes action, then peace in Manipur can be restored in 24 hours," said Nimaichand Luwang, an opposition lawmaker in Manipur. A senior home ministry official in New Delhi said at least 32,000 security forces will continue to support local police until normalcy is restored.

Persons: Diana Devi, Narendra Modi's, Modi, Nimaichand Luwang, Rupam Jain, Lincoln Organizations: Thomson Locations: GUWAHATI, India, Manipur, Imphal, Myanmar, Meiteis, New Delhi

☆ Indian minister's home set ablaze in violence-hit Manipur state
▼ + stars: | 2023-06-16 | by ( Zarir Hussain | ) www.reuters.com time to read: +1 min

GUWAHATI, India June 16 (Reuters) - A federal Indian minister's house was set on fire by a mob in the remote northeastern state of Manipur, which has been hit by clashes between members of rival ethnic groups for over a month, officials said on Friday. Junior foreign minister R. K. Ranjan Singh's office confirmed that a mob vandalised and set fire to his house in the Manipur capital Imphal. Singh is a federal minister in Prime Minister Narendra Modi's government. Modi's ruling party also governs the state of Manipur. Civil society organisations from the Meitei and Kuki communities said hundreds of people from their communities were injured and homeless.

Persons: Ranjan Singh's, Singh, Narendra Modi's, Rupam Jain, Raju Gopalakrishnan Organizations: Thomson Locations: GUWAHATI, India, Manipur, Imphal, New Delhi, Singh, Kuki

☆ Why Starbucks' Pride decor ignited chaos and confusion this year
▼ + stars: | 2023-06-15 | by ( Gloria Dawson | Katie Hawkinson | ) www.businessinsider.com time to read: +7 min

Some Starbucks employees said they were asked to remove Pride flags and decor. #pridemonth #rainbowcapitalism #shameonstarbucks #starbucks #starbuckssucks #prideflag #pridedecor #starbucksbarista #starbucksstore #targetlgbtq #starbuckslgbtq ♬ Makeba - Jain @sbworkersunited STARBUCKS IS BANNING PRIDE FLAGS ACROSS THE US. Starbucks employees said they got mixed messages about Pride decorSome store employees told Insider they were given various rationales for changes in Pride decor at their stores. A Starbucks store manager in the Midwest said her district manager told her, "We are not allowed to have any decorations that are not Starbucks brand, period. "This year, they told us we can't decorate," Alisha Humphrey, a Starbucks partner in Oklahoma City and Starbucks Workers United organizer, told Insider.

Persons: —, they've, Damon Schnur, Alisha Humphrey, they'd, Elaine Thompson, We're, Gloria Dawson Organizations: Starbucks, Service, Twitter, US Pride, STARBUCKS, PRIDE, Starbucks Workers United, Midwest, Oklahoma Locations: Pride, Ohio, Wisconsin, Oklahoma City

☆ Indian police charge lawmaker with sexual harassment in case brought by female wrestlers
▼ + stars: | 2023-06-15 | by ( Rupam Jain | ) www.reuters.com time to read: +2 min

Public Prosecutor Atul Srivastav read out the charges at a court hearing in the capital New Delhi. A police source said last week more than 155 people have been questioned in the investigations against Brij Bhushan Sharan Singh, a member of parliament from Prime Minister Narendra Modi's party. The investigations followed months of complaints by the country's top wrestlers, including several Olympic and Asian Games medallists. Amid mounting outrage, the wrestlers suspended their protest after Sports Minister Anurag Thakur promised a June 15 deadline to conclude the probe into Singh. Reporting by Rupam Jain; Writing by Raju Gopalakrishnan; editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Brij Bhushan Sharan Singh, Narendra Modi's, Atul Srivastav, Singh, Amit Shah, Anurag Thakur, Rupam Jain, Raju Gopalakrishnan, Shri Navaratnam Organizations: Wrestling Federation of India, Indian, Bharatiya Janata Party, BJP, Games, Sports, Singh, Thomson Locations: Colonelgunj, DELHI, New Delhi

☆ Nine killed in clash in India's Manipur - police
▼ + stars: | 2023-06-14 | by ( Zarir Hussain | ) www.reuters.com time to read: +2 min

GUWAHATI, India, June 14 (Reuters) - At least nine people have been killed in the latest clashes between members of rival ethnic groups in India's northeastern state of Manipur, police said on Wednesday, as security forces pressed on with a hunt for illegal weapons. Federal security force reinforcements have been sent to the state and they have been searching for illegal weapons. Manipur shares a nearly 400-km (250-mile) border with Myanmar and a coup there in 2021 pushed thousands of refugees into the Indian state. Kukis share ethnic lineage with Myanmar’s Chin community and Meiteis feared they would be outnumbered by the arrival of the refugees. Writing by Shilpa Jamkhandikar, Rupam Jain; Editing by Muralikumar Anantharaman, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Narendra Modi's, K Shivakanta Singh, Singh, Myanmar’s Chin, Meiteis, Shilpa Jamkhandikar, Rupam, Muralikumar Anantharaman, Robert Birsel Organizations: Thomson Locations: GUWAHATI, India, Manipur, Kuki, Myanmar, Imphal

☆ Adani offshore deals probe: Context is getting lost in the conversation, investment company says
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdani offshore deals probe: Context is getting lost in the conversation, investment company saysRajiv Jain, GQG Partners chairman and chief investment officer, discusses the Indian markets watchdog's investigation into overseas investments in the Adani group.

Persons: Rajiv Jain, GQG Organizations: GQG Partners

☆ Top Indian wrestler accuses government of silence over sexual harassment probe
▼ + stars: | 2023-06-10 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

[1/7] Indian wrestler Vinesh Phogat poses for a picture, after an interview with Reuters, at her residence in Sonipat, northern state of Haryana, India, June 10, 2023. REUTERS/Anushree FadnavisSONIPAT, India, June 10 (Reuters) - An Olympic wrestler on Saturday criticised the pace of a police inquiry into sexual harassment accusations against the chief of India's national wrestling body. Phogat is one of seven female athletes to have lodged a police case against Singh accusing him of sexually harassing them. Singh, who is also a federal lawmaker from Modi's ruling party, has denied allegations of making sexual advances, groping and threatening female athletes if they refused to meet him alone. Delhi Police have filed two cases against Singh, including one under the Protection of Children from Sexual Offences Act.

Persons: Vinesh, Brij Bhushan Sharan Singh, Narendra Modi's, Singh, Phogat, Modi, It's, Anurag Thakur, Thakur, Amit Shah, Rupam Jain, Amlan Chakraborty, Mike Harrison Organizations: Reuters, REUTERS, Wrestling Federation of India, Delhi Police, Sexual, Commonwealth Games, Olympic, Thomson Locations: Sonipat, Haryana, India, SONIPAT

☆ India rebukes Canada over parade float showing assassination of Indira Gandhi
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, June 8 (Reuters) - India's foreign minister on Thursday hit out at Canada for allowing a float in a parade depicting the 1984 assassination of Indian Prime Minister Indira Gandhi by her bodyguards, perceived to be glorification of violence by Sikh separatists. "I think it is not good for relationships, not good for Canada," he said. Canada's High Commissioner for India also condemned the incident at a parade by Sikh activists in the Canadian city of Brampton. "I am appalled by reports of an event in Canada that celebrated the assassination of late Indian Prime Minister Indira Gandhi," Cameron MacKay said on Twitter. Indira Gandhi was assassinated in 1984 by two Sikh bodyguards after she allowed the storming of the holiest Sikh temple, aimed at flushing out Sikh separatists who demanded an independent homeland to be known as Khalistan.

Persons: Indira Gandhi, Jaishankar, Gandhi, Cameron MacKay, Canada's, Rupam, Peter Graff Organizations: Indian, Sikh, Canada, Canada's, Twitter, Reuters, Thomson Locations: DELHI, Canada, New Delhi, India, Canadian, Brampton, Punjab

☆ See the presentation a health-tech startup used to raise $45 million from investors like OMERS by pitching a new approach to cancer care and surgeries
▼ + stars: | 2023-06-07 | by ( Zachary Tracer | ) www.businessinsider.com time to read: +1 min

Carrum Health aims to help companies provide cancer care and surgeries for workers at a lower cost. The startup builds curated networks of doctors and surgeons who provide the care. Carrum used this presentation to raise a $45 million Series B led by OMERS Growth Equity. Founded in 2014, Carrum is focused on helping companies provide better healthcare for their workers at a lower cost. Read on to see the 17-slide presentation the company used to raise its Series B round and pitch investors on its approach.

Persons: Carrum, Sach Jain, Jain Organizations: OMERS, Equity, Carrum, OMERS Growth Equity Locations: San Francisco

☆ Indian wrestlers suspend protest after promise of swift probe of federation chief
▼ + stars: | 2023-06-07 | by ( Rupam Jain | ) www.reuters.com time to read: +3 min

NEW DELHI, June 7 (Reuters) - India's top wrestlers said they had decided to suspend protests on Wednesday after the country's sports minister promised a swift probe of their federation chief who they accused six months ago of sexually harassing female athletes. The wrestlers have been camping in New Delhi for months seeking the arrest of Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh, who has denied the allegations. Singh, a six-time member of parliament, has been accused of sexually assaulting seven female athletes, including a minor. His lawyer rejected all the allegations levelled by the wrestlers and said Singh was cooperating with the police in the probe. It has also threatened to suspend WFI if it fails to hold a fresh election this month.

Persons: Brij Bhushan Sharan Singh, Singh, Narendra Modi's, Bajrang Punia, Anurag Thakur, Punia, Sakshi Malik, Vinesh Phogat, . Sports Minister Thakur, Joanna Maranhao, Sakshi Dayal, Hritika Sharma, Bill Berkrot, Raju Gopalakrishnan Organizations: Wrestling Federation of India, Narendra Modi's Bharatiya Janata Party, BJP, Sports, Tokyo, . Sports Minister, Rights Alliance, International Olympic Committee, IOC, Thomson Locations: DELHI, New Delhi, Asian

☆ Australian lender Westpac to raise interest rates after cenbank hike
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 6 (Reuters) - Top Australian lender Westpac Banking Corp (WBC.AX) said on Tuesday that it will raise its home loan variable interest rates by 25 basis points (bps), in line with the Reserve Bank of Australia's (RBA) rate hike. In a surprise move, the RBA raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that inflation returns to target. The cash rate now sits at 4.1%, bringing the total RBA hikes in its price battle to a whopping 400 basis points since May last year. Westpac's new home loan rate will be effective from June 20, the bank said in a statement. Westpac is the first of the 'big four' banks to have passed on the central bank's latest rate hike to its customers, with the other three expected to follow suit soon.

Persons: Echha Jain, Savio D'Souza, Eileen Soreng Organizations: Westpac Banking Corp, Reserve Bank of Australia's, Westpac, Thomson Locations: Bengaluru

☆ Student-loan borrowers are about to be thrown back into repayment, and the economy will suffer — especially if Biden's debt cancellation is struck down
▼ + stars: | 2023-06-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Education Secretary Miguel Cardona has confirmed student-loan payments will resume this year. In March 2020, former President Donald Trump first implemented the student-loan payment pause to give borrowers financial relief during the pandemic. 'We're looking at a pretty severe fiscal contraction'Steinbaum previously told Insider that the economy has been "more than fine" without borrowers' student-loan payments. But they're a weight, it's about 20 million student-loan borrowers that haven't been paying, they'll have to begin paying more or less in September," Zandi said. Democratic lawmakers have been sounding the alarm on the harmful impacts a payment resumption would have without Biden's broad debt relief.

Persons: Miguel Cardona, —, It's, Donald Trump, Trump, Joe Biden, — Biden, We're, Cardona, Biden, Kevin McCarthy, Marshall Steinbaum, Steinbaum, Mark Zandi, haven't, Zandi, that's, it's, Ayanna Pressley, Countess, Ro Khanna Organizations: Supreme, Service, Education, Family Institute, University of Utah, Education Department, Moody's, CNBC, Relief, Getty, Democratic, Massachusetts, Twitter Locations: Washington ,

☆ US telecom companies say not in talks with Amazon for wireless services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +3 min

June 2 (Reuters) - Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc (AMZN.O) to offer low-cost wireless services to its Prime members. "AT&T is not in discussions with Amazon to resell wireless services," a company spokesperson said. Verizon spokesperson the company "is not in negotiations with Amazon regarding the resale of (Verizon's) wireless network. Brandon Nispel of KeyBanc Capital Markets said Dish Network, a relatively new entrant in wireless, could be the most likely partner for Amazon. They also rallied in May after a Wall Street Journal report that Dish was in talks to sell its wireless plans through Amazon.

Persons: Christopher Ali, Brandon Nispel, Michael Ashley Schulman, Yuvraj Malik, Aditya Soni, Tanya Jain, Akash Sriram, David Shepardson, Sheila Dang, Nivedita Bhattacharjee Organizations: Major U.S, Amazon.com Inc, Wireless, Bloomberg News, Amazon, Dish Network, Verizon, Mobile, Penn State University, AT, KeyBanc, Journal, U.S, Running, Capital Advisors, Thomson Locations: Major, Bengaluru, Washington, Dallas

☆ Amazon in talks to offer low-cost mobile services - Bloomberg News
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - Amazon.com Inc (AMZN.O) is in talks with several telecom providers to offer low-cost or possibly free mobile phone service to U.S. Prime subscribers, Bloomberg News reported on Friday, citing people familiar with the matter. Talks between Amazon and Dish were reported last week. The reported talks come as Amazon faces a slowdown in new sign-ups for the Prime service, its key loyalty program that offers subscribers faster shipping and video streaming. For telecom companies, a resell partnership with Amazon could serve as a means to attract new users and boost revenue. The details of the potential deals between Amazon and the telecom firms were not immediately known.

Persons: Tanya Jain, Akash Sriram, Yuvraj Malik, Nivedita Bhattacharjee Organizations: Amazon.com Inc, Bloomberg, Verizon Communications, Mobile US Inc, Dish Network Corp, Amazon, T Inc, Verizon, Mobile, Dish Network, Thomson Locations: Bengaluru

☆ US telecom stocks fall on report Amazon in talks for wireless services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through these partnerships. AT&T declined to comment, while T-Mobile said it was not in discussions with Amazon for inclusion of its wireless in Prime service. The details of the potential deals between Amazon and the wireless carriers were not immediately known. Dish's shares were an outlier in telecom stocks with a gain of 22%. The company's shares had also soared in May after a Wall Street Journal report that it was in talks to sell its wireless plans through Amazon.

Persons: Christopher Ali, Brandon Nispel, Yuvraj Malik, Tanya Jain, Akash Sriram, Aditya Soni, Sheila Dang, Nivedita Bhattacharjee Organizations: Verizon Communications Inc, Mobile US Inc, Inc, U.S, Bloomberg News, Amazon, Penn State University, Verizon, Mobile, KeyBanc, Markets, Dish Network Corp, Journal, Thomson Locations: Amazon, Bengaluru, Dallas

☆ Amazon in talks with Verizon, others for low-cost mobile services -Bloomberg News
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - Amazon.com Inc (AMZN.O) is in talks with wireless carriers Verizon Communications (VZ.N), T-Mobile US Inc (TMUS.O) and Dish Network Corp (DISH.O) to offer low cost mobile services in the U.S., Bloomberg News reported on Friday. Bloomberg News also said Amazon has been negotiating to get the lowest possible wholesale prices that would let it offer Prime members wireless plans for $10 a month or possibly for free. Shares of Verizon, T-Mobile and AT&T were down about 6% in premarket trading on Friday. Shares of Dish Network, whose talks with Amazon were earlier reported in the media, were up 9%. Reporting by Tanya Jain, Akash Sriram and Yuvraj Malik in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Tanya Jain, Akash Sriram, Yuvraj Malik, Nivedita Organizations: Amazon.com Inc, Verizon Communications, Mobile US Inc, Dish Network Corp, Bloomberg, T Inc, Verizon, Mobile, Dish Network, Amazon, Thomson Locations: U.S, Bengaluru

☆ GQG adds more Nvidia, considers increasing exposure to Adani, says CIO
▼ + stars: | 2023-06-01 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

[1/2] A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, Chief Investment Officer Rajiv Jain said in an interview that GQG has "meaningfully increased" its position in Nvidia. Jain also said the asset manager is considering raising its exposure to Adani by participating in capital increases the group announced in May. Reporting by Carolina Mandl, in New YorkOur Standards: The Thomson Reuters Trust Principles.

Persons: Ann Wang NEW, Nvidia Corp's, Rajiv Jain, GQG, Jain, Carolina Mandl Organizations: REUTERS, Nvidia, GQG Partners, Thomson Locations: Taipei, Taiwan, Australia, Fort Lauderdale , Florida, New York

☆ How bone carvers in India are keeping a prehistoric art alive
▼ + stars: | 2023-06-01 | by ( Prakhar Deep Jain | Dylan Barth | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.

☆ GQG adds more Nvidia as chipmaker has a 'new leg', says CIO
▼ + stars: | 2023-06-01 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, GQG has "meaningfully increased" its position in Nvidia, Chief Investment Officer Rajiv Jain said in an interview. The chipmaker is likely to give a boost to funds which have invested in it, as Nvidia's shares have more than doubled year to date amid an artificial intelligence boom. Two years ago, concerned about the company's high valuation, GQG had dumped all its Nvidia's shares, just to invest again in the first quarter. "Now Nvidia has gotten a new leg because of the ChatGPT-lead, AI narrative, which is very strong," said Jain, explaining his decision to reinvest.

Persons: Nvidia Corp's, GQG, Rajiv Jain, Jain, Adani, “ There's, Carolina Mandl, Susan Fenton Organizations: YORK, Nvidia, GQG Partners, Adani, Energy, Bloomberg, Thomson Locations: Australia, Fort Lauderdale , Florida, India, Adani, U.S

☆ Modi inaugurates new parliament building as part of New Delhi's makeover
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +3 min

[1/9] A view of India's new parliament building in New Delhi, India, May 27, 2023. Later, the prime minister entered parliament to loud cheers from guests, government officials and lawmakers, with many welcoming him with chant of "Modi, Modi". "To open a new parliament building without the opposition, it does not mean there is a democracy in the country. The triangular-shaped parliament complex is just across from the old, circular heritage building built by British architects Edwin Lutyens and Herbert Baker in 1927, two decades before India's independence. The old parliament will be converted into a museum.

☆ VC firm Sequoia is pulling out all the stops to dominate AI, insiders say. The firm is using everything from 'speed dating' to star studded summits to woo founders.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +10 min

It's just one move of many the VC firm has taken to cement its position in the white-hot AI space. Huang and Grady wrote a public blog post on Sequoia's website inviting AI founders to email them their ideas and pitches directly. But the firm has been louder where it counts, investing in splashy AI startups like Harvey and LangChain. Every member of the firm, from managing partner Roleof Botha on down, has made AI a top priority, with Grady, Huang, and Buhler most prominently involved. Both Huang and Buhler now spend over 90% of their time researching AI companies, versus 50% in previous years, they said.

Catalent, one of the top contract manufacturers for pharmaceutical companies, said a drop in revenue from COVID vaccine manufacturing had coincided with higher-than-expected costs and production challenges at its facilities in Indiana and in Brussels. Adding to woes, its cost-cutting plans have been delayed due to regulatory inspections and subsequent corrective actions, the company said. Despite Friday's gain in shares, Catalent's stock is down 19% since it first disclosed production challenges at its three major production plants in April. Catalent cut its full-year revenue to a range of $4.25 billion to $4.35 billion, from its prior forecast of $4.63 billion to $4.88 billion. It also slashed its annual adjusted net income forecast to between $187 million and $228 million, from between $567 million and $648 million previously.

☆ Catalent cuts annual forecast hurt by operational challenges
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Catalent Inc (CTLT.N) cut its full-year net revenue and profit forecast on Friday, reflecting operational challenges and higher-than-expected costs after it flagged an over $400 million hit to both its annual sales and core profit forecasts earlier this month. The contract drug manufacturer now sees its full-year revenue in the range of $4.25 billion to $4.35 billion compared with its prior forecast of $4.63 billion to $4.88 billion. Catalent said it now sees adjusted net income for the year in the range of $187 million to $228 million, compared with the previous forecast of $567 million to $648 million. Shares of Catalent reversed losses to be up 7.7% at $34.63 before the bell. Reporting by Bhanvi Satija, Sriparna Roy and Pratik Jain in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FDA approves Krystal Biotech's skin-disorder gene therapy
▼ + stars: | 2023-05-19 | by ( Pratik Jain | ) www.reuters.com time to read: +1 min

May 19 (Reuters) - The U.S. Food and Drug Administration on Friday approved Krystal Biotech Inc's (KRYS.O) first-of-its kind topical gene therapy for patients with a genetic skin disorder, sending its shares up 7% in afternoon trading. Patients with the rare dystrophic epidermolysis bullosa disorder suffer from open wounds, causing skin infections and are at an increased risk of vision loss, scarring and skin cancer. The therapy, Vyjuvek, is expected to be available in the United States in the third quarter of 2023, Krystal Biotech CEO Krish Krishnan told Reuters ahead of the FDA decision. Our intent is to provide access to all the patients if possible in the United States," Krishnan said. About 9,000 to 10,000 people suffer from dystrophic epidermolysis bullosa globally, including a U.S. population of about 3,000 patients, according to Krystal Biotech.

May 16 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. "We'll try out a little advertising and see how it goes," said Musk, who is also CEO of Twitter. Last week he announced that NBCUniversal's former advertising head, Linda Yaccarino, will succeed him as Twitter CEO and that he will focus on products and technology at the company. Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/IllustrationOne shareholder asked about rumors that he would step down as Tesla CEO, adding "Say it ain't so."

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