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☆ Bill Ackman is probably about to get a lot richer. And much louder
▼ + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The funding announced Monday puts a $10 billion price tag on Pershing Square, which manages about $16 billion worth of assets. The benefit of going public is you get to make money, obviously, so it’s not hard to see why Pershing Square would want to do it. For Ackman, in particular, being at the helm of a publicly traded company could be a particularly jarring shift. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes. Many of those followers are the kinds of retail investors Ackman could hope to attract to a publicly traded fund.

Persons: CNN Business ’, Bill Ackman, who’s, Ackman, ”, Lawrence J ., White, “, I’ve, ” White, he’s, I’m, he’ll, —, Elon Musk, Pershing, Musk, ” NYU’s White, Tesla Organizations: CNN Business, New York CNN, Pershing, Securities, Exchange, NYU Stern School of Business, Herbalife, Twitter, Hamas, MIT, Trump, SEC, Bloomberg Locations: New York, Pershing, Israel

☆ 'Am I delusional?': How to get honest answers according to the former CEO of Pizza Hut, Taco Bell and KFC
▼ + stars: | 2024-06-04 | by ( David Novak | ) www.businessinsider.com time to read: +5 min

They recognize an essential truth: delusional people don't learn well. And how can you possibly know where or how to grow and learn if you don't know your starting point? (Surprise, surprise, it really likes information that proves the story right, a problem called confirmation bias.) If you want to see the world the way it really is, you've got to hunt for the truth. Excerpted from "How Leaders Learn: Master the Habits of the World's Most Successful People" by David Novak with Lari Bishop.

Persons: Wendy, I'd, Jeff, Rick, Anne, I'm, Tim Schurrer, David Novak, hemming, hawing, Tim, Andy Pearson, neuroscientists, Clarence Darrow, Darrow, Chase, you've, You've, Lari Bishop, David C Novak Organizations: Service, David Novak Leadership, Harvard Business Review Press Locations: Louisville

☆ A human performance scientist shares the 9 supplements he takes daily for gut, brain, and muscle health
▼ + stars: | 2024-06-04 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +12 min

Read previewA human performance scientist who's coached elite athletes and celebrities, from the LA Clippers to Travis Barker, shared the nine supplements he takes daily for gut, brain, and muscle health with Business Insider. It can involve taking supplements or undergoing medical treatments that might not be backed by robust scientific evidence as an insurance policy. AdvertisementWhether taking collagen supplements supports joint health or improves joint-related conditions such as osteoathritis is a tricky question to answer based on the information currently available. AdvertisementGalpin takes 200 mg a day of magnesium for muscle health, recovery, and sleep. Galpin takes 5,000 International Units daily for muscle, brain, and gut health.

Persons: —, who's, Travis Barker, Andy Galpin, he's, They're, Richard Bloomer, There's, Galpin, it's, Paul T, von Hippel, Harvard T.H, Rami N, It's, Dorin Organizations: Service, LA Clippers, Business, California State University, Fullerton, BI, Memphis University, Harvard Medical School, Harvard Medical, sharaff, Mayo Clinic . Studies, Cleveland Clinic, MD Anderson Cancer Center, University of Texas, Harvard, of Public Health, American Sports, Fitness Association, University of California Irvine School of Medicine, UCI Sleep Disorders, Research Locations: Austin, Chan, Europe, Asia, Mount Sinai

☆ Harvard fellow: CFPB's 'buy now, pay later' regulation isn't enough — nothing 'substantively changes'
▼ + stars: | 2024-06-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Last month, the Consumer Financial Protection Bureau declared that buy now, pay later customers should have the same federal protections as users of credit cards. However, Marshall Lux, a fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School who studies BNPL, says the government's latest guidance is already a few steps behind. In fact, major buy now, pay later providers already provide such safeguards for users. "We've got an industry that's moving at light speed and a regulatory process that takes time," Lux said. More from Personal Finance:25% of consumers recently used a buy now, pay later loanCould buy now, pay later loans affect your credit score?

Persons: Marshall Lux, BNPL, —, PayPal —, We've, Lux, Penny Lee Organizations: Consumer Financial, Bureau, Rahmani Center for Business, Government, Harvard Kennedy School, PayPal, Finance, Financial Technology Association, Zip

☆ Top MBAs are flocking to search funds. One Harvard grad explained why he founded a $530,000 fund to buy tech companies.
▼ + stars: | 2024-06-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.

Persons: —, Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest

☆ Top MBAs are flocking to search funds. One Harvard grad explained why he founded a $600,000 fund to buy tech companies.
▼ + stars: | 2024-06-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

☆ Inside China's plan for AI: shape reality and enforce its power
▼ + stars: | 2024-06-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.

Persons: —, Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago

☆ Online scams might soon just be a battle between AIs
▼ + stars: | 2024-06-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

A Harvard study found that AI phishing scams are as effective as human ones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOnline scams might soon just be a battle between AIs, one launching the attacks and another defending against them. Online scams are only becoming more prevalent, and with new AI technology, Harvard researchers say they could become much more difficult to avoid. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Harvard, Service, AIs, Harvard Business School, Harvard Business, Business

☆ 'Suits' actor Patrick J. Adams says reunion movie is 'possible' and its creator is 'definitely' interested
▼ + stars: | 2024-06-03 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"Suits" actor Patrick J. Adams said a reunion movie is "possible." He said that the show's creator, Aaron Korsh, is "interested" in bringing the original cast back. Adams also pointed out that bringing the show back in some way "depends on a million things." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Suits" actor Patrick J. Adams said that a reunion movie has been discussed, and the show's creator, Aaron Korsh, is "definitely" interested in bringing it to life.

Persons: Patrick J, Adams, Aaron Korsh, —, Mike Ross, Harvey Specter, Gabriel Macht Organizations: Service, Harvard Law, Business Locations: New York

☆ How to find financial happiness if you're suffering from lifestyle creep, according to a Harvard professor
▼ + stars: | 2024-06-02 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Harvard professor Arthur Brooks emphasized curbing bad spending habits for financial happiness. Brooks noted that rising credit card debt is affecting the financial well-being of many Americans. AdvertisementBestselling author and Harvard professor Arthur Brooks believes that achieving financial happiness isn't solved by chasing extra income but by curbing bad spending habits. AdvertisementBorrowing for consumption is the most damaging financial habitBrooks pointed to the recent rise in credit card debt as a factor that affects many people's financial happiness. Credit card debt has become a crisis in the US following the pandemic when many Americans used up their savings.

Persons: Arthur Brooks, Brooks, — Organizations: Service, Harvard Kennedy School, Harvard Business School, JPMorgan Chase, JPMorgan Chase Co

☆ Trump's plan to tax the entire world will result in the type of global trade war not seen since the Great Depression, think tank says
▼ + stars: | 2024-06-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Read previewDonald Trump says his trade policy would be a way to protect the US from exploitation. Yet, by applying a base tariff on virtually all foreign goods, he's starting a "war against trade itself," Alan Wm. Related stories"Economists agree that high tariffs broadened and deepened the Great Depression, when US unemployment reached 25 percent and we nearly lost our democracy," the distinguished visiting fellow wrote. That's why I think we're going to be entering into a trade war next year." For instance, the new 50% tariffs on Chinese semiconductors may seem extreme, but they target a trade that's just below $1 billion a year, he said.

Persons: —, Donald Trump, Alan Wm, Wolff, Trump, Trump's, Kenneth Rogoff, Leland Miller, Biden, Waller, they're Organizations: Service, Peterson Institute for International Economics, Republican, Business, Trump, Peterson Institute, Biden Locations: Britain, China, Beijing, America

☆ Another top proxy advisor has recommended shareholders vote against Elon Musk's $56 billion Tesla pay package
▼ + stars: | 2024-06-01 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Read previewInfluential proxy advisor Institutional Shareholder Services (ISS) has recommended that Tesla shareholders vote against Elon Musk's proposed $56 billion pay package. AdvertisementIt comes after Glass Lewis, another leading proxy advisory firm, also urged Tesla investors to vote against the deal. Tesla was quick to respond to the report in a letter to shareholders titled "What Glass Lewis Got Wrong About Tesla." Related storiesOn the other hand, Glass Lewis urged shareholders to reject the proposed move, saying it offered them "uncertain benefits and additional risk. "ISS and Glass Lewis effectively control the stock market," he added.

Persons: —, Elon Musk's, Musk, Glass Lewis, Tesla, John Thys, Lewis Organizations: Service, Services, ISS, Tesla, Bloomberg, Business, Company, Getty, Harvard Law, Corporate, SpaceX, Boring Company Locations: Texas, Amsterdam, AFP, Tesla, Delaware

☆ Some Gen Z and baby boomers are facing a strange predicament: feeling happy and lonely at the same time
▼ + stars: | 2024-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +12 min

"It's great, but it takes an effort," Samtur told Business Insider. That means that right now, Gen Z and baby boomers, in particular, might be experiencing a strange juxtaposition: They're happy and lonely at the same time. "So people feel maybe a little less happy with their lives in midlife, but it doesn't mean you're also feeling lonely." "Overall, people tended to be more lonely, just persistently lonely, if they had less education, had lower income, and poor health," Graham said. Some Gen Zers pay for social connections through activities like fitness memberships.

Persons: Harry Samtur, Samtur, doesn't, Gen, Eileen Graham, Graham, Donna Basztura, Basztura, —, she's, we've, Batszura, Zers, didn't, Preeti Malani, Joan Hendrix, couldn't, I've, Hendrix Organizations: Service, Business, Northwestern University, Gallup, Harvard Graduate School of Education, University of Michigan Locations: Minnesota, Germany, Australia, midlife, Florida

☆ More than 300 interns at Citadel and Citadel Securities start next week. Here's how Ken Griffin's firms ramped up their program and recruiting.
▼ + stars: | 2024-05-31 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Read previewIn the fierce fight for the best and brightest across finance, tech, and more, Ken Griffin's Citadel and Citadel Securities have expanded their pursuit of the freshest talent. There's a growing awareness from top students about finance beyond the big-name banks, according to Fabian Figi, Citadel Securities' head of campus recruiting. Citadel Securities also holds a Ph.D. summit, where advanced graduate students can present their research to firm leaders. Citadel Securities CEO Peng Zhao. Tina Lu, a former Citadel Securities intern at the Wisconsin bubble, said it's a hallmark of the firm to let people prove themselves.

Persons: —, Ken Griffin's, It's, We've, Matt Mitro, Goldman Sachs, There's, Fabian Figi, Griffin, Citadel's, Figi, Shehan Suresh, Peng Zhao, Suresh, Tina Lu, I've, Lu, Mitro Organizations: Service, Citadel Securities, Business, Citadel, JPMorgan Chase, New, MIT, Stanford, Georgia Tech, University of Texas, Carnegie Mellon, Oxford, Harvard, Ivy League Locations: Wisconsin, New York, Miami, Chicago, Penn, Harvard, Fort Lauderdale

☆ 3 job search tips for new graduates—one is ‘such a superpower,’ says career expert
▼ + stars: | 2024-05-31 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Here are a few other tips from career experts for new grads to consider. Your field might also have all sorts of professional associations — for examples, in accounting there's the American Accounting Association; in dentistry there's the National Dental Association. "And that is such a great way to grow your skills and your network and your reputation," says career coach Phoebe Gavin. Some of these associations may have job boards, but they're also a great way to meet people who could open those kinds of doors down the line. Both those clubs you were in and the professional associations offer good opportunities to contact people for informational interviews.

Persons: you've, Gorick Ng, Phoebe Gavin, It's, they're, Gavin, I'm Organizations: National Center for Education Statistics, Harvard, American Accounting Association, National Dental Association

☆ People's last words are often these 4 phrases: What they teach us about living happy, meaningful lives, from an oncologist
▼ + stars: | 2024-05-31 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Everyone's life is different — yet most people still utter one of four common phrases on their deathbeds, according to Pulitzer Prize-winning author and oncologist Siddhartha Mukherjee. Each of the phrases offers an important lessons for leading a fulfilling and successful life, Mukherjee said during a commencement speech at the University of Pennsylvania last week. The phrases are:I want to tell you that I love you. You're living in a world where love and forgiveness have become meaningless, outdated platitudes ... Just make sure you actually mean words like "love" and "forgiveness" when you use them, said Mukherjee.

Persons: oncologist Siddhartha Mukherjee, Mukherjee, I've, J, Kim Penberthy, Richard Cowden, Cowden Organizations: University of Pennsylvania, Cancer, of Virginia, Harvard's Institute, Quantitative, Harvard Medical School, CNBC

☆ Mediterranean diet helps women live much longer, a large new study finds
▼ + stars: | 2024-05-31 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

CNN —Women who closely followed a Mediterranean diet lived much longer than those who did not, according to a new study that followed more than 25,000 women for 25 years. “In this study, adherence to the Mediterranean diet was a proxy for diet quality. Each increase in the adherence to the Mediterranean diet extended life for women, the new study found. In all that data, however, are few details on the specific ways the Mediterranean diet may affect women, especially long-term. “What might be worth noting is that the adherence measure ‘corrects’ for distortions of the Mediterranean diet,” Katz said.

Persons: CNN —, ”, Samia Mora, David Katz, Katz, ” Katz, It’s, Shafqat Ahmad, Ahmad, “ Organizations: CNN, Brigham, Women’s Hospital, Harvard Medical School, True Health Initiative, JAMA, Uppsala University Locations: Boston, Sweden

☆ Why job skills could make or break your next interview
▼ + stars: | 2024-05-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Nearly half, or 45%, of employers scrapped degree requirements for some roles in the past year, and 72% now prioritize skills over certificates in job candidates, according to the ZipRecruiter survey. The trend, which prioritizes a candidate's practical skills and real-world experience over formal education, appears to be "gaining momentum," according to ZipRecruiter. Meanwhile, hiring managers are being more explicit in job ads about the specific skills they seek in applicants, said Cory Stahle, an economist at the job site Indeed. What this means for job seekers"If the [job ad's] focus is on skills, the focus of your resume should be on skills as well," Stahle said. While skills should be "prominent" in such cases, that doesn't mean applicants should forgo traditional information, Stahle added.

Persons: Cory Stahle, Stahle, Indeed's Stahle Organizations: Getty, Harvard Business School, Glass, USA, Finance, Harvard Locations: U.S

☆ For the first time in 323 years, Yale has elected a woman as its permanent president
▼ + stars: | 2024-05-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

History has been made at Yale University as Maurie McInnis becomes the first woman to be named permanent president of the Ivy League school. She has served as a Yale trustee since 2022 and earned master's degree and doctorate from Yale, per the school's announcement Wednesday morning. Yale has had only one other female leader, the historian Hanna Holborn Gray, who served as interim president from 1977 to 1978. It is the last Ivy League school to name a permanent woman president. In an interview with the Yale Daily News, McInnis expressed her gratitude for being elected president and reiterated her commitment to "tackle the world's most pressing challenges."

Persons: Maurie McInnis, McInnis, Hanna Holborn Gray, Peter Salovey, Joshua Bekenstein, — Organizations: Yale University, Ivy League, Yale, Stony Brook University, University of Texas, University of Virginia, Bain Capital, Yale Corporation, Yale Daily News, Harvard University, University of Pennsylvania, Cornell University, Stony Brook, CNBC Locations: New Haven , Connecticut, Long, New York, Austin, Israel, Stony

☆ Your back and neck pain might have nothing to do with your bad posture, a posture historian says
▼ + stars: | 2024-05-30 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

Experts previously told Business Insider that bad posture can cause neck and back pain, wear and tear on joints and discs, decreased flexibility, and other health issues. A lack of evidenceDespite a lack of solid evidence, many believe that bad posture inevitably causes back pain. Justin Paget/Getty ImagesDespite the general assumption that bad posture leads to a bad back, there's limited science to back that up. Advertisement"There have been a few studies that indicate that there isn't solid scientific evidence to show that a person who slouches more is more likely to have back pain," Linker told BI. While it's easy to blame bad posture for back pain and other spinal health issues, Linker said that it's actually more complicated.

Persons: —, Beth, Pechan, we've, Plato, slouching, Justin Paget, it's Organizations: Service, Business, Getty, Harvard University, Harvard Crimson, Mayo Clinic Locations: Modern America

☆ Kids are starting menstruation earlier, study shows. Here is what that means for their health
▼ + stars: | 2024-05-30 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

CNN —Younger generations are getting their first periods earlier, and the length of time it takes to become regular is changing — which could point to later health problems, according to a new study. But other research has documented the trend in first menstrual cycles starting at earlier ages over time. Earlier periods might be associated with high body mass index, or BMI, during childhood, Wang said. “This implies that childhood obesity, which has been increasing in the US, might be contributing to people getting their periods earlier,” Wang added. Physicians should evaluate children with early periods or a long duration of irregular cycles to make sure there isn’t an underlying problem, Feinberg said.

Persons: CNN —, ”, Zifan Wang, Harvard University’s T.H, Wang, ” Wang, Eve Feinberg, ” Feinberg, Feinberg, Shruthi Mahalingaiah, T.H Organizations: CNN, Harvard University’s, of Public Health, Apple, Apple Health, Northwestern University’s Feinberg School of Medicine, ”, BMI, T.H Chan, Physicians Locations: Chan, Chicago

☆ This retirement planning gap is 'hidden in plain sight,' Harvard professor says
▼ + stars: | 2024-05-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Yet, there's a notable lack of attention and concern given to the social aspect of retirement, experts said. It's a facet of retirement planning that's almost "hidden in plain sight," said Robert Waldinger, a clinical professor of psychiatry at Harvard Medical School. Money is the "obvious" focus when it comes to retirement planning, Waldinger said. Put another way: "Social connections are really good for us" and "loneliness kills," Waldinger explained in a 2015 TED Talk titled "What makes a good life?" "Some people say, 'It's too late for me'" to make new social connections, Waldinger said.

Persons: Jose Luis Pelaez, there's, that's, Robert Waldinger, Waldinger, General, David Sbarra, Sbarra, It's, Yochai Shavit, Shavit, it's Organizations: Social Security, Finances, Allianz Life, Harvard Medical School, Waldinger, Harvard, TED, U.S, Laboratory, University of Arizona, Finance, Stanford University Center, Longevity, CNBC Locations: People

☆ Former Fed Governor Dan Tarullo: The Fed will need to see more progress on inflation before rate cut
▼ + stars: | 2024-05-29 | 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 EmailFormer Fed Governor Dan Tarullo: The Fed will need to see more progress on inflation before rate cutDaniel Tarullo, Harvard Law School professor and former Federal Reserve Governor, joins 'Squawk Box' to discuss the Fed's inflation fight, interest rate path outlook, and more.

Persons: Dan Tarullo, Daniel Tarullo Organizations: Former, Harvard Law School, Federal Reserve

☆ Denmark Made Home Buying Easier. America Should Follow Its Lead.
▼ + stars: | 2024-05-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

When mortgage rates shoot up, as they did over the past two years, many would-be sellers decide they don't want to move after all. AdvertisementAs the Federal Reserve began pushing up borrowing rates in the spring of 2022, hoping to reel in rising inflation, mortgage rates went vertical. So far, this system of pooling together mortgage bonds and selling them to investors is pretty close to the American way of doing things. When US homeowners pay off their mortgages, they have only one option: pony up the amount left on the loan. That's not just good for buyers or sellers or mortgage loan officers — it's good for everyone.

Persons: It's, John Campbell, Danes, Freddie Mac, that's, Will Doerner, —, aren't, pesky, Campbell, Fannie Mae, Banks, Jesper Berg, there's, That's Organizations: Harvard, Federal Reserve, Federal Housing Finance Agency, Homeowners, Danish Financial Supervisory Authority Locations: America, …, Denmark, Zillow, Canada, Australia, Danish

☆ U.S. workers are less satisfied with nearly every aspect of their jobs than they were a year ago, survey finds
▼ + stars: | 2024-05-29 | by ( Alex Koller | ) www.cnbc.com time to read: +4 min

Overall job satisfaction among U.S. employees increased a modest 0.4 percentage points in 2023 from the year prior, according to the Conference Board's annual Job Satisfaction survey released this month. He cited the group's results a year before, when job satisfaction was up overall and for every subcategory. 2023 marks the 13th consecutive year that U.S. job satisfaction climbed incrementally, according to the Conference Board's reporting. Overall job happiness could be a product of workers getting more raises, experiencing more job stability or receiving more benefits, he says. More than 65% of hybrid workers expressed overall job satisfaction, topping the 64% of fully remote and 60% of fully in-person workers who said the same, per the Conference Board's study.

Persons: Allen Schweyer, Schweyer, Julia Pollak, Pollak, you've, Claudia Goldin's Organizations: Conference, Conference Board

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