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LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.
Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London
The US Army has been wargaming in the Indo-Pacific, preparing for what a future war might look like. "It is really hard to replicate that other than just training here in the region," Evans said. JPMRC allows the Army to test its combat readiness in the tropical, archipelago environments of the Pacific. Evans explained that nighttime operations remain a top priority for the Army, and JPMRC allows soldiers the opportunity to develop that "perishable skill." Mysti Bicoy"Sustainment is one of the things that we are focusing on in this training because of the disparate nature of the region," Evans explained.
Persons: , Marcus Evans, Mariah Aguilar, wargamed, Evans, JPMRC, Tiffany Banks, USARPAC's, Charles Flynn, John Pershing, Sgt, Mysti, we're Organizations: US Army, Service, Army, US, 25th Infantry Division, U.S, Joint Pacific Multinational Readiness, Troops, Pacific . U.S, Staff, 11th Airborne, sustainment, Pacific, . Air National Guard Locations: Hawaii, Pacific, China, Alaska, Japan, Philippines, Ukraine
It's a modern employer-sponsored health plan designed to help simplify the process of choosing where to receive care by offering members the information they need upfront, enabling them to comparison shop for care. What's different with the Surest health plan? The result, according to a recent study, is that Surest members pay 54% less out of pocket compared to those in traditional plans. "The Surest health plan addresses many of the obstacles that consumers face, including by eliminating complicated math with clear, upfront cost and coverage details," Richards said. People who've tried the Surest plan usually like itConsumers cite ease of use, price clarity, and cost savings as some of the top advantages.
Persons: Surest, Alison Richards, " Richards, coinsurance, Aon, Dan Kueter, who've, It's Organizations: Employers, Insider Studios Locations: It's, Surest, Hawaii
Loop Images | Getty ImagesAt the nation's top schools, including many in the Ivy League, acceptance rates hover near all-time lows. For those willing to pay for a four-year, private college, it should be worthwhile, the sentiment often goes. To get into this elite group of schools, many families look for outside help to get a leg up. The vast majority of students come from New York City private schools with household incomes over $1,500,000 according to Howell's account. However, the wealthiest students hailing form the country's top private schools are primarily competing amongst themselves as schools look to build a diversified class.
Persons: Thomas Howell, Howell, Ivy League — Brown, Hafeez Lakhani, Lakhani, they've, Christopher Rim, Covid, Organizations: Ivy League, Princeton University, Forum Education, Cornell, Dartmouth, Harvard, University of Pennsylvania, Yale, University of Chicago, Massachusetts Institute of Technology, Stanford, Finance, Navy, Command, Rim, Command Education, Test, Christopher, Education, National Association for College, Counseling, National Bureau of Economic Research Locations: York, Columbia, Princeton, Duke, New York, New York City
Ngannou will do so though against a backdrop of unspeakable tragedy following the death earlier this year of his beloved 15-month-old son Kobe. “The best way to pay tribute to him, to honor him, is to do something positive. Cooper Neill/Getty ImagesThis will be the African star’s first MMA fight since 2022. “I’m looking to get back into MMA because, regardless of how I enjoy boxing, I do miss MMA. Francis Ngannou knocks down Tyson Fury during their heavyweight fight at Boulevard Hall on October 28, 2023, in Riyadh, Saudi Arabia.
Persons: Francis Ngannou, Renan Ferreira, , ” Ngannou, Ferreira, Cooper Neill, Ngannou, Tyson Fury, Fury’s, Anthony Joshua, I’ve, It’s, , ” Francis Ngannou, Joel Sagat, , Stipe Miocic, Justin Setterfield, It’s what’s Organizations: CNN, UFC, Professional Fighters League, CNN Sport, Giants, Washington DC, Getty, Hall, Locations: Saudi Arabia, Riyadh, Ngannou, Kobe, Washington, Cameroon, America, Paris, Spain, Gibraltar, AFP, American
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.
Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai
Netflix's new film "Woman of the Hour" is based on a true story about serial killer Rodney Alcala. In real life, Alcala competed on "The Dating Game" and won a date with bachelorette Cheryl Bradshaw. AdvertisementHere's what happened to the real Bradshaw and how she narrowly escaped being one of Alcala's victims. He later got the nickname "The Dating Game Killer." Since appearing on "The Dating Game," Bradshaw has kept a low profile and little is known about where she ended up.
Persons: Rodney Alcala, Alcala, bachelorette Cheryl Bradshaw, Bradshaw, , Anna Kendrick, Sheryl, Daniel Zovatto, Rodney, Cheryl Bradshaw's, Ryan Murphy's, Lyle, Erik Menendez, Tali Shapiro, Shapiro, Michael Metzger, Metzger, Ellen Metzger, I'm, Alcala's, Ellen, Jed Mills, Mills, Ted Soqui, Robin Samsoe, Samsoe, Jill Barcomb, Georgia Wixted, Charlotte Lamb, Jill Parenteau Organizations: Service, ABC, Netflix, ABC News, Alcala, Sunday Telegraph, Getty, California Supreme, Associated Press Locations: Alcala, California, San Quentin, Georgia, New York . California, Corcoran
New York CNN —These past few years, it seems like food companies have been playing some serious mind games with us. As food companies have seen their costs rise substantially over the past few years, many have used two sneaky strategies, dubbed shrinkflation and skimpflation, to avoid having to raise the prices of their goods. Yet when companies simply pass along price increases to consumers, there’s also no shortage of backlash — just ask McDonald’s. So the days of shrinkflation, at least when it comes to food, could be numbered. “I would expect (food companies) to shift their strategy and find a different mind game to play that maybe people are not quite looking out for yet,” Hydock said.
Persons: CNN Business ’, you’ve, there’s, we’re, Burger King, skimpflation, That’s, Berry, Nathaniel Meyersohn, , Chris Hydock, PepsiCo could’ve, Hydock, Robert Moskow, Cowen, Meyersohn, ” Hydock Organizations: CNN Business, New York CNN, Foods, PepsiCo, Tulane University’s Freeman School of Business, CNN Locations: New York
The 50th season of "SNL" premiered last month. Since the first show in 1975, 165 comedians and actors have been a part of "SNL." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here's what all 165 cast members of "SNL," from the original "Not Ready for Primetime Players" to the current cast of season 50, are doing now.
Persons: , Adam Sandler, Forbes, Darcy Schild Organizations: Service, NBC, Studio 8H
CNN —President Joe Biden envisioned a “day after” for Gaza without Hamas in power following Israel’s killing of Hamas leader Yahya Sinwar. This is only half the story, since at times, US officials have suggested Netanyahu had interests in prolonging the war as well. The White House believes that ending the war in Gaza is a precondition for lessening the chances of a disastrous regional war that it dreads. Is really his object to release … Israeli hostages still held in Gaza? If he keeps his word, some analysts will interpret his restraint, such as it is, as an attempt to avoid alienating the possible next president, Harris.
Persons: Joe Biden, Yahya Sinwar, Kamala Harris, Sinwar, Hassan Nasrallah, , Biden, Benjamin Netanyahu, Biden administration’s, Netanyahu, , Israel, , Firas Maksad, Jessica Dean, CNN Max, CNN’s Kayla Tausche, Sean Gallup, he’s, Harris, Donald Trump, ” Harris ’, Trump, Bill Organizations: CNN, , UN, Middle East Institute, Brandenburg, Airport, Getty, White, Democratic, Jewish, Palestinian Youth Movement, U.S . Palestinian Community Network, Anadolu, Trump, White House Locations: , Gaza, Israel, , United States, Washington, Lebanon, Berlin, Schoenefeld, Germany, Europe, Michigan, Wisconsin, U.S, Detroit, Anadolu
CNN —Two athletes died while participating at the World Triathlon Championships in Spain on Thursday, the sport’s governing body has confirmed. “It is with deep sadness that we can inform that two participants (one from Mexico; one from Great Britain) have died at the World Triathlon Torremolinos-Andalucía AG Sprint Distance World Championships, taking place today, October 17,” World Triathlon said in a statement. “Our deepest condolences go to their respective family, friends, National Federations and all the triathlon family. “British Triathlon can confirm that one of our Age-Group Team has sadly passed away whilst competing at the World Championships in Torremolinos, Spain,” it said in a statement. The World Triathlon Championships are being hosted in the municipality of Torremolinos in southern Spain.
Persons: Great Britain –, , Roger Mas Colomber, Roger Mas Colomer, , triathletes Organizations: CNN, Andalucia, Andalucía, National Federations, Spanish Federation, ” CNN, Mexican Triathlon Federation, British, Team, Elite Locations: Spain, Mexico, Great Britain, Torremolinos,
9 Danielle Collins has postponed her retirement from the sport and will be back competing on the WTA Tour in 2025. I will be back on tour in 2025. While there are no guarantees in life, I hope to build on my 2024 momentum and keep playing until there is more certainty around my personal fertility journey. Collins has lost in the opening round of the three tournaments she has played since losing in the quarterfinals of the Paris Olympics, including her home US Open. Collins last played at the Guadalajara Open in September but has been named in the USA’s United Cup team starting on December 27.
Persons: Danielle Collins, Collins, , I’ve, ” Collins, Iga, , Caroline Dolehide, Ben Stiller’s ‘, Gaylord ‘ Greg ’ Focker Organizations: CNN, WTA, American, Miami, Charleston, Paris, United Locations: Flushing Meadows, Guadalajara
Andrew Garfield debuts an unusual red carpet accessory
  + stars: | 2024-10-18 | by ( Leah Dolan | ) edition.cnn.com   time to read: +2 min
CNN —Last night, British actor Andrew Garfield arrived at the London Film Festival premiere of his latest film “We Live in Time” sporting a surprising accessory. Wedged under his arm like a beloved clutch bag on a night out, Pugh’s rigid two-dimensional form topped off Garfield’s outfit perfectly. His black leather Valentino loafers matched his belt, but Garfield wasn’t complete without his 5 foot 4 inches of cardboard. At various points along the red carpet, he gleefully set Pugh down, posing with an arm wrapped around her inanimate waist. His custom Valentino outfit was somewhat overshadowed by his 5 foot 4 inch long cardboard cutout.
Persons: Andrew Garfield, Florence Pugh, Valentino, Alessandro Michele, Valentino loafers, Garfield wasn’t, Pugh, Gareth Cattermole, Pugh —, Garfield, ” It’s, Will Ferrell, Con, Brad Pitt, Michael B, Jordan, Bernie Sanders, Danny DeVitto, Michael Kors Organizations: CNN, London Locations: British
Since the start of October, there's been a notable divergence between the betting markets and the polls. Where do election odds stand in betting markets now? What's going on with the 'Trump whale' in the betting markets? Is the $30 million 'Trump whale' an influence campaign? Because the betting markets are relatively illiquid, a $30 million bet can have a big influence on moving the odds in favor of Trump.
Persons: Harris, , Donald Trump, Kamala Harris, there's, Will Donald Trump, Polymarket, Peter Thiel, ethereum's, Vitalik Buterin, Joe Gebbia, Trump, Kalshi, What's, Michie, Arkham, Adam Cochran, Cochran, Elon Musk, Mitt Romney, Barack Obama Organizations: Trump, Service, Street, Arkham Intelligence, Republican Locations: Polymarket, Crunchbase, Wisconsin , Michigan, Pennsylvania, Nevada
AdvertisementTime’s almost up on the New York Mets’ season. Worse than those numbers, because teams have mounted comebacks facing such deficits, the Mets look like they have run out of gas. “Sean (Manaea) said it the other day,” Mets manager Carlos Mendoza said when asked if his rotation had hit a proverbial wall. “We’ve gone through a lot this year,” Peterson said, “and it’s made us who we are at this point.”The Mets are hoping to keep alive an improbable season that’s included Grimace and OMG. And it hasn’t been just the Mets’ rotation that has seemingly run out of gas in this series.
Persons: Francisco Lindor, Sean, Manaea, Carlos Mendoza, , Mendoza, , You’ve, That’s, there’d, Jose Quintana, Luke Hales, hasn’t, ” Mendoza, Luis Severino, Jack Flaherty, José Buttó, Buttó, It’s, David Peterson, Peterson, “ We’ve, ” Peterson, it’s, Grimace, Dustin Satloff, Lindor, Jose Iglesias, Francisco Alvarez haven’t, Brandon Nimmo, Frank Franklin II Organizations: Citi, what’s, New York Mets, Mets, National League, Los Angeles Dodgers, Dodgers, ” Mets, Athletic, Associated Press Locations: . New York, Quintana, Manaea, Los Angeles, Milwaukee
CNN —America’s largest drug store chain named a new chief executive officer on Friday, with longtime CVS Health executive David Joyner replacing Karen Lynch. In August, rising costs at CVS’ insurance arm Aetna cut into profits, leading to the ousting of then-president Brian Kane. Charles Krupa/AP/FileLower reimbursement rates for prescription drugs have hit retail pharmacies, including Walgreens and Rite-Aid, resulting in flagging profits and forcing drug stores to shutter locations and cut jobs. Meanwhile, rival chain Walgreens is closing 1,200 stores as it faces competition from online pharmacies and larger retailers — another challenge facing drug stores. Our results need to show that more consistently,” a CVS Health spokesperson told CNN in a statement.
Persons: CNN —, David Joyner, Karen Lynch, Brian Kane, Lynch, ” Julie Utterback, Charles Krupa, Joyner, David, Roger Farah Organizations: CNN, CVS Health, CVS, Aetna, Federal Trade Commission, Morningstar, Boston College's, Club, Walgreens, Rite, Locations: Boston
Wiz co-founder discusses the company's expansion into the UK
  + stars: | 2024-10-18 | 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 EmailWiz co-founder discusses the company's expansion into the UKRoy Reznik, co-founder and vice president of research and development at cybersecurity firm Wiz, discusses the company's new office in London and broader expansion in the U.K. market.
Persons: Roy Reznik Locations: London, U.K
Donald Trump on Friday dismissed more questions about whether he would release his current medical records, doubling down on refusing to provide a health update even as Kamala Harris works to sow doubts about his fitness for the presidency. The 78-year-old Republican nominee, when asked if he will release his health records, suggested that he has already shared enough information about his medical status. "Yeah, my health records – I've done five exams over the last four years. Trump told CBS News in August that he would "very gladly" release his medical records, but his campaign has not done so. That same day, Trump campaign spokesman Steven Cheung claimed in a statement that the Republican nominee "has voluntarily released" multiple health reports.
Persons: Donald Trump, Kamala Harris, I've, You've, Trump, Harris, We're, Steven Cheung, Cheung, Dr, Bruce Aronwald, Ronny Jackson of Organizations: Detroit Metropolitan Wayne County Airport, Republican, Democratic, CBS News Locations: Detroit , Michigan, Michigan, Ronny Jackson of Texas, North Carolina, America
Why Uniqlo is thriving right now
  + stars: | 2024-10-18 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +7 min
Uniqlo's parent recently reported record earnings for the third year running, bolstered by strong sales at Uniqlo. Uniqlo consumers are diverse in age and disposable income. Uniqlo thinks of itself as a tech companyTadashi Yanai, CEO of Uniqlo and founder of Fast Retailing, once said, "Uniqlo is not a fashion company — it's a technology company." Cristina Arias/Cover/Getty ImagesThat's why Uniqlo releases new collections seasonally, whereas rivals such as Zara produce about 500 new designs weekly. He thinks Uniqlo comes with "a bit of this myth of the Japanese psyche.
Persons: , Zara, Kate Yuille, Uniqlo.com Amrita Banta, Z, Banta, Martin Roll, Uniqlo, Tadashi Yanai, Toray, Yanai, Cristina Arias, Yuille, that's, Koji Watanabe Organizations: Service, Retailing, M, GU, Research, Strategy, McKinsey Locations: Japan, Zara, Hiroshima, Uniqlo, Uniqlo's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate’s Adam Parker and Morgan Stanley’s Ellen ZentnerTrivariate’s Adam Parker and Morgan Stanley’s Ellen Zentner, join 'Closing Bell' to discuss markets, election uncertainty in the market and earnings season.
Persons: Trivariate’s Adam Parker, Morgan Stanley’s Ellen Zentner Trivariate’s Adam Parker, Morgan Stanley’s Ellen Zentner
One basis point is equal to 0.01%. ET, the 10-year Treasury yield was up less than one basis point at 4.1045%. The yield on the 2-year Treasury yield ticked lower by one basis point to 3.9758%. U.S. Treasury yields held steady on Friday as investors digested the previous day's economic data which signaled economic resilience. Comments are also expected from several Federal Reserve officials including Atlanta Fed President Raphael Bostic and Minneapolis Fed President Neel Kashkari.
Persons: Dow Jones, Raphael Bostic, Neel Kashkari Organizations: U.S, Treasury, Dow, Labor Department, Federal, Atlanta Fed, Minneapolis Fed, European Central Bank, European Union
New York CNN —The National Highway Traffic Safety Administration says it has launched an investigation into the safety of Tesla’s Full Self-Driving feature, or FSD, after at least one fatal accident involving a pedestrian. The investigation is looking into four accidents involving vehicles using the FSD feature. FSD is at the center of Tesla’s plans for future growth and profitability. This is not the first time that the NHTSA has announced it is investigating Tesla’s self-driving features. In February 2023 the agency ordered a recall to change the FSD software on all of the more than 360,000 Teslas then on US roads with the feature.
Persons: , Tesla, Elon Musk, Musk, , FSD Organizations: New, New York CNN, Traffic, Administration, Tesla, NHTSA Locations: New York
China central bank chief flags more interest rate cuts
  + stars: | 2024-10-18 | by ( ) www.cnbc.com   time to read: +1 min
A pedestrian walks past the People's Bank of China headquarters in Beijing, China, on Monday, Feb. 26, 2018. On Oct. 21, the Loan Prime Rate will decrease by 20 to 25 basis points, the official Xinhua news agency quoted Pan as saying. The benchmark seven-day reverse repurchase rate will also be lowered by 20 basis points and the medium-term lending facility rate reduced by 30 basis points, People's Bank of China Governor Pan Gongsheng told a financial forum in Beijing. At the financial forum on Friday, Pan also warned against any illegal fund flows into the stock market. Pan said the two measures were based entirely on market-oriented principles, and the swap facility was not a form of direct financial support from the central bank.
Persons: Pan, Pan Gongsheng Organizations: People's Bank of China, Xinhua Locations: Beijing, China, China's
I spoke to voters and a mayor in Northampton, one of two bellwether counties in Pennsylvania. The mayor told me that politics are local — and the election will likely come down to grocery bills. Both Vice President Kamala Harris and Trump were in Pennsylvania on the same Monday, courting voters at a rally and town hall respectively. There was 46-year-old Michelle Kerns, who said she doesn't think Harris gets enough credit for easing inflation. I heard many iterations of "I'm not following the election" or "I'm sick of talking about it" on Monday afternoon.
Persons: , Barack Obama, Donald Trump, Joe Biden, Kamala Harris, Trump, Salvatore J, Panto, he's, Harris, Alice Tecotzky, Ann Hess, Hess, Vivian M, Michelle Kerns, Kerns, Daryl Thompson, Bob George, Beer, Edward Pyatt, Pyatt, George, didn't, I'm Organizations: Service, Democratic, Walmart, Wall Street Journal, Trump, Easton Locations: Northampton, Pennsylvania, Forks, Palmer, Pennsylvania —, Easton, Bethlehem, Northampton County, Kamala, Forks Township, Palmer Township
"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.
Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut
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