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DeSantis' camp on Tuesday announced that it was ousting campaign manager Generra Peck and bringing in two top outside strategists. Replacing Peck, who is now the campaign's chief strategist, is James Uthmeier, previously the governor's chief of staff. Campaign insiders and donors say the replacement of Peck is unlikely to quell anxiety about the direction of DeSantis' campaign. NEW CAMPAIGN MANAGER, SAME STRATEGYUthmeier's appointment had been in the works for weeks, said one person close to the process. "With him, the governor has basically imposed his will in Tallahassee," said another person close to Uthmeier, referring to Florida's capital city.

Persons: Ron DeSantis, Scott Brown, Reba Saldanha, DeSantis, Generra Peck, Peck, James Uthmeier, Donald Trump, Robert Bigelow, Bigelow, James, Uthmeier, Trump, David Polyansky, Marc Reichelderfer, Gram Slattery, Ross Colvin, Alistair Bell Organizations: Republican U.S, REUTERS, Republican, Reuters, Republican Party, Thomson Locations: Florida, Rye , New Hampshire, U.S, Utah, Tallahassee, Iowa

Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. "This is par for the course for DeSantis' campaigns," Ayres said. Republican Senator John McCain, for instance, fired almost all of his senior campaign staff in June 2007 before staging a comeback and ultimately clinching the 2008 Republican nomination.

Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Dan Eberhart, Peck, Uthmeier, DeSantis, Eberhart, Joe Biden, Trump's, Wilbur Ross, Romeo, Robert Bigelow, Bigelow, Trump, David Polyansky, Whit Ayres, Ayres, John McCain, Gram Slattery, Alexandra Ulmer, Tim Reid, Ross Colvin, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Republican, Democratic, Reuters, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles

Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. It is unclear what direction Uthmeier will take the DeSantis campaign as its new manager. "This is par for the course for DeSantis' campaigns," Ayres said.

Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Robert Bigelow, Bigelow, Peck, Joe Biden, Trump, DeSantis, Romeo, David Polyansky, Dan Eberhart, Uthmeier, Eberhart, Wilbur Ross, Whit Ayres, Ayres, Gram Slattery, Alexandra Ulmer, Tim Reid, Scott Malone, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Reuters, Republican, Democratic, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles

☆ DeSantis replaces campaign manager as he scrambles to catch Trump
▼ + stars: | 2023-08-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Ron DeSantis speaks during the Moms for Liberty Joyful Warriors national summit at the Philadelphia Marriott Downtown on June 30, 2023 in Philadelphia, Pennsylvania. Ron DeSantis is replacing his presidential campaign manager as he struggles to close his polling gap with former President Donald Trump and faces growing concerns from top donors. Political strategist David Polyansky, who was working for the pro-DeSantis super political action committee Never Back Down, is being hired as Uthmeier's deputy campaign manager, the campaign confirmed Tuesday. Peck will remain as DeSantis' chief campaign strategist, according to The Messenger, which first reported on the change in management. Uthmeier has no prior experience running a political campaign.

Persons: Ron DeSantis, Donald Trump, Generra Peck, James Uthmeier, David Polyansky, Peck, DeSantis, Uthmeier, shakeup Organizations: Gov, Liberty Joyful Warriors, Philadelphia Marriott Downtown, Florida Gov Locations: Philadelphia , Pennsylvania, Florida

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☆ WeWork says it has ‘substantial doubt’ about its ability to stay in business
▼ + stars: | 2023-08-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

“Substantial doubt exists” about WeWork’s ability to continue to stay in business, due to the company’s losses, projected cash needs, and increased member turnover, according to the company’s second quarter earnings release. WeWork management outlined a plan to improve the company’s financial health, saying that its ability to stay in business is “contingent upon successful execution” over the next 12 months. In the second quarter, the company reported a net loss of $397 million, an improvement compared to its net loss of $635 million in the second quarter last year. The company’s stock plunged more than 20% in after-hours trading on Tuesday. Overall, WeWork’s stock is down 85% since the start of this year.

Persons: David Tolley, WeWork, Adam Neumann, Sandeep Mathrani Organizations: CNN, Sycamore Partners

☆ Middle-income Americans think prosperity is within reach
▼ + stars: | 2023-07-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Santander recently released a quarterly survey of about 2,250 middle-income bank and financial services customers (defined as having household incomes between $47,000 and $142,000.) Illegal child labor is on the rise in a tight job marketUS child labor violations have jumped in recent years. Now, the Department of Labor has announced actions it’s taken so far this year through a new interagency task force on child labor. Between October 1, 2022, and July 20, 2023, the Department of Labor concluded 765 child labor cases, found 4,474 children employed in violation of federal child labor laws and assessed more than $6.6 million in penalties against employers, the agency announced on Thursday. In addition, the Wage and Hour Division of the Labor Department is currently pursuing more than 700 open child labor cases.

Persons: New York CNN —, Tim Wennes, “, ”, Bell, they’re, they’ll, they’ve, That’s, We’re, we’ve, BlackRock, Tupperware, it’s, Labor Julie Su, Jordan Barab, Obama, Barab Organizations: CNN Business, Bell, New York CNN, Federal, Heartland Tri, State Bank of, Federal Deposit Insurance Corporation, First Bank, Spain’s Santander, SC, Santander, New York Stock Exchange, GameStop, AMC, Libra Investment, Department of Labor, Labor, Occupational Safety, Health Administration, Labor Department Locations: New York, PacWest, Banc, California, State Bank of Elkhart , Kansas, America, United States, Santander, Florida, noncompliance, Tupperware

☆ Julian Salisbury was once considered a contender for Goldman Sachs CEO. Now the asset and wealth management CIO is leaving.
▼ + stars: | 2023-07-28 | by ( Emmalyse Brownstein | Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Now, Julian Salisbury is leaving Goldman Sachs after 25 years without a replacement. In a memo Friday, CEO David Solomon thanked Salisbury, chief investment officer of the bank's asset and wealth management division, for his "contributions to Goldman Sachs, our clients and our people." Also leaving the bank is Takashi Murata, co-head of Asia Pacific private investing and global co-head of real estate within Goldman Sachs' asset management unit. Nachmann's memo said Richard Spencer will become EMEA head of Real Estate and Nikhil Reddy will become Asia Pacific head of Real Estate. That's part of the virtuous ecosystem of Goldman Sachs," he added.

Persons: Julian Salisbury, Goldman, Goldman Sachs, David Solomon, Salisbury, Marc Nachmann, Takashi Murata, Jim Garman, Nachmann, Richard Spencer, Nikhil Reddy, Richard, Nikhil, Murata, Solomon Organizations: Goldman, Management, GS, Sixth, Wall Street, Asia Pacific, EMEA Locations: Salisbury, Asia Pacific

☆ Szafnauer to exit misfiring Alpine, Fry joins Williams
▼ + stars: | 2023-07-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

SummaryCompanies Famin to replace Szafnauer as interim Alpine principalTop engineers Permane and Fry also leavingShakeup follows departure of Alpine CEO RossiFry moving to WilliamsSPA-FRANCORCHAMPS, Belgium, July 28 (Reuters) - Otmar Szafnauer will leave Renault-owned Alpine after Sunday's Belgian Grand Prix with Bruno Famin appointed interim principal on another day of upheaval that exposed rifts within the misfiring Formula One team. Alpine Academy director Julian Rouse was named as Permane's interim replacement while Matt Harman leads the technical team at Enstone. Rossi warned in May he would make changes if performances did not improve, and said the buck stopped with Szafnauer. Williams said Fry, who has had senior roles at both McLaren and Ferrari, will start work on Nov. 1. "His knowledge and experience will further strengthen the team's technical capabilities and pursuit of excellence as we build the next chapter of Williams," said principal James Vowles.

Persons: Szafnauer, Permane, Fry, Shakeup, Rossi Fry, Bruno Famin, Alan Permane, Pat Fry, Williams, Julian Rouse, Matt Harman, Aston Martin, Famin, Oscar Piastri, Fernando Alonso, Laurent Rossi, Rossi, it's, James Vowles, Pat, Alan Baldwin, Andrew Cawthorne, Christian Radnedge, Pritha Organizations: Alpine, SPA, Renault, Belgian, Prix, Alpine Academy, Aston, McLaren, Formula, Ferrari, Thomson Locations: Belgium

The official opposition Conservatives, who blame Trudeau for housing shortage and spiking inflation, have consistently been ahead in the polls for over year. "Bringing in fresh energy with new members and new challenges was important for our economic team in particular," Trudeau told reporters after the shuffle. [1/5]Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair GableConservative leader Pierre Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures. "Justin Trudeau may have fired many of his cabinet ministers today, but he's just as out of touch as ever, doubling down on his inflationary, high-spending and high-taxing ways," he said in a statement.

Persons: Justin Trudeau, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Frank Graves, Blair Gable, Pierre Poilievre pounced, Jagmeet Singh, Kurl, Angus Reid, David Ljunggren, Steve Scherer, Ismail Shakil, Paul Simao, Mark Heinrich, Deepa Babington, Mark Porter Organizations: OTTAWA, Canadian, Liberal, Finance, Innovation, Infrastructure, Conservatives, Abacus, Canada's, Rideau Hall, REUTERS, Blair Gable Conservative, New Democrats, New, Angus, Angus Reid Institute, Liberals, Thomson Locations: Ottawa , Ontario, Canada

☆ Elon Musk wants everyone to conduct their entire 'financial world' on X as he doubles down on his vision for an 'everything app'
▼ + stars: | 2023-07-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Elon Musk's grand ambition for X: Make it the place you manage finances and make payments. The billionaire said X users would be able to conduct their "entire financial world" on the app. The shake-up comes as Musk aims to see off a threat from Mark Zuckerberg's Threads. Elon Musk is preparing to transform X, formerly known as Twitter, into a social-media service where users can manage their "entire financial world" as part of his vision for an "everything app." Musk added that in the months to come, new features would be added to X that would give users "the ability to conduct your entire financial world."

Persons: Elon Musk's, Mark Zuckerberg's, Elon Musk, It's, Musk, Twitter, Esther Crawford, Mark Zuckerberg

OTTAWA, July 24 - Canada's Liberal Prime Minister Justin Trudeau is planning to reshuffle his cabinet this week, likely replacing ministers deemed to have struggled in their posts or who are not planning on running again in the next election, two government sources said. It is common for cabinet members to clear their schedules and be called to Ottawa ahead of a reshuffle. Speaking to reporters in Toronto, the 72-year-old minister did not say whether she would stay in government in the meantime, adding only that she would do "whatever the prime minister wants me to do". The most influential ministers including Deputy Prime Minister and Finance Minister Chrystia Freeland, Foreign Minister Melanie Joly, Innovation Minister Francois-Philippe Champagne and Natural Resources Minister Jonathan Wilkinson are expected to keep their jobs. Trudeau won a parliamentary majority in 2015 but was reduced to leading a minority government after elections in 2019 and 2021.

Persons: Justin Trudeau, Trudeau, Carolyn Bennett, Marco Mendicino, Chrystia Freeland, Melanie Joly, Francois, Philippe Champagne, Jonathan Wilkinson, Steve Scherer, David Ljunggren, Deepa Babington, David Holmes Organizations: OTTAWA, Canada's Liberal, Canadian Broadcasting Corp, Mental, Liberal, Monday, Public Safety, Finance, Innovation, Natural Resources, New Democrats, Conservatives, Liberals, Thomson Locations: Ottawa, Toronto

It is the first major piece of the multi-pronged judicial overhaul plan to get this far in the legislative process. The judicial overhaul is a package of bills that each need to pass three votes in the Knesset. Defending his plans, the prime minister has pointed to countries like the United States, where politicians control which federal judges are appointed and approved. Should the overhaul pass, the changes will be the most extreme shakeup to Israel’s judiciary since its founding in 1948. Its executive, the Bar Council, approved the decision to petition the Supreme Court to cancel the reasonableness law if it passes on Monday, the Bar said.

Persons: Benjamin Netanyahu, Netanyahu, Aryeh Deri, Critics, Yoav Gallant, Gallant, Joe Biden, New York Times ’ Thomas Friedman, ” Biden, Friedman, ” Netanyahu, Isaac Herzog –, –, Herzog, ” Organizations: Jerusalem CNN, Sunday, Israeli, Court, Critics, Israel Democracy Institute, Air, New York Times, White, Biden, Israel Bar Association, Bar, Association Locations: Jerusalem, United Kingdom, Canada, Australia, United States, Washington

☆ Israeli startups act to relocate over judicial shakeup, survey finds
▼ + stars: | 2023-07-23 | by ( Emily Rose | ) www.reuters.com time to read: +2 min

JERUSALEM, July 23 (Reuters) - Nearly 70% of Israeli startups have taken action to relocate parts of their business outside Israel, a survey released on Sunday by an Israeli non-profit organisation on the government's planned judicial overhaul found. The survey, completed by professionals representing 521 companies, said 68% of Israeli startup companies "have begun taking active legal and financial steps, like withdrawing cash reserves, changing HQ location outside Israel, relocation of employees and conducting layoffs." Additionally, 22% of companies said they have diversified cash reserves outside Israel and 37% of investors say companies in their portfolios have withdrawn some of their cash reserves and moved them abroad. "Concerning trends like registering a company abroad or launching new startups outside Israel will be hard to reverse," said Start-Up Nation Central CEO Avi Hasson. The survey was released as lawmakers began debating a bill that would prevent the Supreme Court from quashing legislation on the grounds of manifest "unreasonableness".

Persons: Benjamin Netanyahu, Avi Hasson, Emily Rose, Barbara Lewis Organizations: Nation Central, Thomson Locations: Israel, Israeli

☆ Thailand’s political drama raises the stakes
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, July 20 (Reuters Breakingviews) - Investors in Thailand are long used to twists and turns in the country’s politics but a court’s move on Wednesday to suspend the leader of the election-winning Move Forward Party as a lawmaker has raised the stakes. Pita Limjaroenrat's supporters are protesting as it’s now unlikely that the liberal and would-be aggressive reformer of the underperforming $500 billion economy will become the prime minister. It’s not a good outcome, however. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Pita Limjaroenrat's, Pita, It’s, It's, whir, Xavier Niel’s, Una Galani, Thomas Shum Organizations: Reuters, Investors, Party, SETI, Gulf Energy, Asian Development Bank, Twitter, Xavier Niel’s GAM, Commonwealth Games, Thomson Locations: SINGAPORE, Thailand, Asia

☆ Despite shakeup at the Fed, a rate hike in September is likely
▼ + stars: | 2023-07-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Fed Chair Powell has said the Fed still has more work to do, and he himself hasn’t ruled out back-to-back rate hikes. But he also suggested that the Fed prefers to get rate hikes over with as soon as possible. The Fed is overwhelmingly expected to raise its key federal funds rate later this month after it paused in June after 10 straight rate hikes. If core inflation continues to moderate only slightly, Fed officials might just want to get the second rate hike over with. The FOMC next meets on July 25-26, with an announcement on rate hikes due at 2 p.m.

Persons: Louis, James Bullard, Adriana Kugler, Powell, hasn’t, Christopher Waller, ” Waller, ”, weren’t, Kugler, That’s Organizations: DC CNN, Federal Reserve, Fed, Louis Fed, Market Committee, “, New York University Locations: Washington, April’s

SYDNEY, July 14 (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country's central bank through a period of change will be a major priority. Bullock, the first woman to helm the country's central bank, will have the task of leading the bank through its biggest internal shakeup in decades while also maintaining the fight against inflation. "I wasn't sure I would ever be in this position," Bullock said in a 2022 interview with her alma mater. "I never thought that Guy Debelle, who was the deputy governor, would leave the Bank. A review into the central bank published in April recommended sweeping changes including the setup of a separate specialist board to manage monetary policy, less frequent meetings and more public communication.

Persons: Michele Bullock, Philip Lowe, Bullock, Anthony Albanese, Jim Chalmers, Michele, Jonathan Kearns, Bullock's, Guy Debelle, Lowe, Su, Lin Ong, Lewis Jackson, Stella Qiu, Praveen Menon Organizations: SYDNEY, Reserve Bank, University of New, London School of Economics, Challenger, RBC Capital Markets, Thomson Locations: University of New England, Armidale, Sydney, Lincoln

☆ Early Google exec Urs Holzle to step down from executive management role amid cloud shakeup
▼ + stars: | 2023-07-12 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Urs Holzle, Google's senior vice president for technical infrastructure, speaks about the Google Cloud Platform during a conference on June 25, 2014, in San Francisco. 8 Urs Holzle will step back from management after 24 years of leading technical teams, CNBC has learned. Most recently leading technical infrastructure for Google Cloud and reporting directly to CEO Thomas Kurian, Holzle oversaw an organization that consisted of more than 12,000 full-time employees. The move comes amid a shakeup within the company's cloud organization, according to an email from Cloud CEO Thomas Kurian viewed by CNBC. Ben Treynor Sloss, vice president of engineering at Google Cloud, will begin reporting directly to Kurian.

Persons: Urs Holzle, Google's, Thomas Kurian, Holzle, he's, Chris Vonderhaar, Ben Treynor Sloss, Kurian, Jeff Dean, he'd Organizations: Google, CNBC, Cloud, Services, AWS, Center, Amazon, Microsoft Locations: San Francisco, New Zealand

☆ Threads beat ChatGPT to 100 million users but the AI app is way more consequential
▼ + stars: | 2023-07-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Zuck can be happy: Threads reached 100 million users faster than ChatGPT. Mark Zuckerberg had cause to celebrate over the weekend as Meta's newest app, Threads, passed the 100 million user milestone less than a week after its launch. The would-be Twitter competitor is now the fastest-growing app ever, beating ChatGPT, the generative AI chatbot that corporate America hasn't stopped talking about all year. But its leap to 100 million users had a massive jumpstart thanks to its integration with Instagram, whose billion-plus users are actively encouraged to download the new app if they fancy adding a new social-media timesuck onto their devices. ChatGPT, released to the public November 30, surpassed the 100 million user milestone in January.

Persons: Mark Zuckerberg, ChatGPT, America hasn't, Elon, Zuckerberg, Musk's, Insider's Kali Hays, Musk, That's Organizations: America, Twitter Locations: GPT

☆ When a tourist in Bali gets arrested, this is the woman they call
▼ + stars: | 2023-07-08 | by ( Heather Chen | ) edition.cnn.com time to read: +7 min

When it comes to misbehaving tourists in Bali, Niluh Djelantik has seen and heard it all. “There is no shortage of bad tourists in Bali – I’m losing count, to be honest,” she told CNN Travel. “She’s probably the most important person in Bali, after the governor (Wayan Koster),” the woman said. “We will no longer welcome mass tourism,” Bali governor Wayan Koster said at a conference in May. Bali needs tourists and this is about (getting foreigners) to respect our laws… and not take our hospitality for granted.”

Persons: CNN — Influencers, Djelantik, ”, Bali – I’m, – I’ve, ” Djelantik, I’ve, Bali Agung, ” ‘, She’s, Wayan Koster, you’ll, Yuri Chilikin, Mount Agung –, Chilikin, Garry Lotulung, “ Organizations: CNN, CNN Travel, Bali, Tourists, ” CNN, Tourism, Visa Locations: Bali, Bali –, Jakarta, Canggu, Indonesia, Germany, “ Bali, Russian, Mount, Instagram, Mount Agung, Denpasar, Moscow, Russia

☆ The billionaires' beef at Two Sigma seems pretty petty
▼ + stars: | 2023-06-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

ICYMI: This is the last week of 10 Things on Wall Street. Insider's Rebecca Ungarino has more details on how long the beef between Overdeck and Siegel has been brewing behind the scenes. What stands out to me about the drama at Two Sigma is how it all seems to be so petty. The Two Sigma cofounder was included only as an example of the type of managers Haider had eclipsed. The asset manager tapped two internal executives to serve as co-CEOs of the firm, succeeding CEO Jay Wintrob, The Wall Street Journal reports.

Persons: Dan DeFrancesco, I'm, Billy Joel's, —, we've, Goldman, Cofounders David Siegel, John Overdeck, David Siegel, cofounders, Insider's Rebecca Ungarino, Siegel, Rebecca, Haidar Capital's Said Haidar, Haider, Penny, Warren Buffett, Charlie Munger, Scott Olson, Ruobing Su, Michael Broadbery, Goldman Sachs, Maza, Andreessen Horowitz, Seth Klarman, Jay Wintrob, Robert O'Leary, Armen Panossian, Everybody's, they're, Joey Hadden, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Baupost, Oaktree Capital, Street, Wall, LinkedIn Locations: Omaha, New York, London

☆ Zaslav brings in Spielberg, Scorsese, Anderson to help curate TCM film lineup after shakeup
▼ + stars: | 2023-06-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Warner Bros. "This unique arrangement, initiated by David Zaslav, reflects his commitment to honoring the TCM legacy while also involving us on curation and programming." The inclusion of the filmmakers came after Warner Bros. Part of that was a major shakeup at TCM, recognized as a place for preservation of classic films and a carefully curated lineup augmented by guest star introductions. The changes had caused concern among movie buffs and those dedicated to film preservation, who voiced their distress on social media.

Persons: Steven Spielberg, helmer Martin Scorsese, Paul Thomas Anderson, Mike De Luca, Pam Abdy, Mike, Pam, David Zaslav, Charles Tabesh Organizations: Warner Bros, Turner, TCM, Discovery

Now the Trump campaign is advocating for modifications in half a dozen additional states, his co-campaign manager told Reuters. LaCivita confirmed that Nevada - an early primary state with a Trump-friendly state Republican leadership - was one of the campaign's targets. A source close to the Nevada Republican Party told Reuters - prior to the lawsuit - that Trump's campaign was lobbying for a caucus. A source close to the Republican state party in Idaho told Reuters that Trump allies had been lobbying to hold a nominating contest before May. There are an estimated 2,467 delegates up for grabs in the 2024 Republican state-by-state nominating battle.

Persons: Donald Trump, Trump, Chris LaCivita, LaCivita, Joe Biden's shakeup, Biden, Jason Roe, Roe, DESANTIS, Ron DeSantis, You've, DeSantis, Tim Reid, Colleen Jenkins, Alistair Bell Organizations: Reuters, Republican, Trump, Nevada Republican Party, . Idaho Republicans, Democratic National Committee, Black, Republicans, Democratic Party, Republican National Committee, RNC, Florida, Thomson Locations: Michigan, Nevada, Idaho, Carolina, Georgia, Iowa, Virginia, Idaho , Nevada, Alabama, Missouri

☆ Google cuts jobs at Waze as it continues to merge mapping products
▼ + stars: | 2023-06-27 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google is cutting jobs at its Waze mapping service as it merges the unit with its own map products. "We have decided to transition Waze's ads monetization to be managed by the Global Business Organization (GBO), similar to Google Maps," Phillips wrote. "Unfortunately, this will result in a reduction of Waze Ads monetization-focused roles in sales, marketing, operations and analytics." The company hopes to "create a more scalable and optimized Waze Ads product," Phillips wrote, adding that it will "wind down the current Waze Ads product while we focus on building new Waze Ads powered by Google Ads." The Waze unit has more than 500 employees, according to internal documentation viewed by CNBC.

Persons: Chris Phillips, Phillips, Google didn't, it's, Neha Parikh, Waze, didn't Organizations: Google, Geo, CNBC, Global Business Organization

TOKYO, June 27 (Reuters) - State-backed Japan Investment Corp (JIC) sees potential for more mergers and acquisitions in high-end corners of the chipmaking industry following its planned $6.4 billion buyout of materials maker JSR (4185.T), the head of its private equity arm said. "We see potential in some speciality materials markets where JSR can win dominant positions by combining with other materials makers," Ikeuchi said in an interview. "We believe that we can boost Japanese chip materials makers' global competitiveness by spurring industry consolidation," he added. In the chemicals industry, for example, Japan has "too many players making similar products that were once competitive but are now commoditised," Ikeuchi said. JIC, overseen by the powerful trade ministry, was set up in 2018 to invest in Japanese companies to boost the nation's competitiveness.

Persons: Shogo, Ikeuchi, JIC, Makiko Yamazaki, Ritsuko Shimizu, Jamie Freed Organizations: Japan Investment Corp, JIC Capital, Japan, Innovation Network Corp of Japan, Thomson Locations: TOKYO, chipmaking, Japan

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