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☆ Female Donors Mobilize for Harris, Moving to Stamp Out Opposition
▼ + stars: | 2024-07-22 | by ( Theodore Schleifer | ) www.nytimes.com time to read: +1 min

For decades, Kamala Harris has been bolstered by a tight-knit group of female donors who rose up with her in Democratic politics. Quickly and quietly, her biggest supporters worked to rally support around her, creating enough momentum to effectively stamp out any opposition. On Sunday, when Mr. Biden announced his exit from the race and endorsed Vice President Harris, all the behind-the-scenes maneuvering appeared to pay off. The nation’s highest-ranking female officeholder, Ms. Harris rapidly picked up pivotal endorsements without attracting a single serious challenger. And while some major Democratic donors remained on the hunt for a non-Harris candidate on Monday, their efforts were appearing increasingly futile by the hour.

Persons: Kamala Harris, Biden, Harris, Money, Harris —, Michael R, Reed Hastings, Vinod Khosla —, Donald J, Trump Organizations: Democratic, Bloomberg, New, Silicon Locations: New York

☆ Harris candidacy is opportunity for Dems to recalibrate with Big Tech: Bessemer Venture's Deeter
▼ + stars: | 2024-07-22 | 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 EmailHarris candidacy is opportunity for Dems to recalibrate with Big Tech: Bessemer Venture's DeeterByron Deeter, Bessemer Venture Partners partner, joins 'Closing Bell Overtime' to talk the impact of Biden stepping down on SIlicon Valley support of Trump, tech earnings, and more.

Persons: Harris, Byron Deeter, Biden Organizations: Dems, Big Tech, Bessemer, Bessemer Venture Partners, Trump

☆ Elon Musk reacts to Biden dropping out: 'My smartest friends' are 'excited about Trump'
▼ + stars: | 2024-07-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Joe Biden's dropping out of the election prompted a reaction from Elon Musk, who backs Trump. Musk claims tech industry loyalty is shifting to Republicans, citing individual freedom and merit. Top Silicon Valley investors, including Ben Horowitz and Peter Thiel, are also backing Trump. AdvertisementJust minutes after US President Joe Biden announced he was dropping his campaign for re-election, Elon Musk announced that his Silicon Valley friends had already moved on to the Republican Party. "My smartest friends, including those living in the San Francisco Bay Area who have been lifelong Dems, are excited about Trump/Vance," Musk posted on X.

Persons: Joe Biden's, Elon Musk, Ben Horowitz, Peter Thiel, —, Joe Biden, Vance, Musk Organizations: Trump, Service, Republican Party, Business Locations: San Francisco Bay

☆ Wall Street’s Masters of the Universe Are Masters of None in 2024 Race
▼ + stars: | 2024-07-20 | by ( Maureen Farrell | Rob Copeland | ) www.nytimes.com time to read: +1 min

It’s a bad time to be a finance billionaire. Republicans on Wall Street, who had been largely coalescing around former President Donald J. Trump’s efforts to return to office, suffered outright repudiation this week with his pick of Senator JD Vance of Ohio as a running mate. Mr. Vance, a harsh critic of corporate interests and a former venture capitalist, solidified a feeling in the world of high finance that the balance of power in the party had suddenly shifted westward to Silicon Valley. In choosing Mr. Vance, Mr. Trump brushed off personal entreaties from some of the Republican Party’s biggest donors. While accepting his nomination on Wednesday at the Republican convention in Milwaukee, he said the party was done “catering to Wall Street.”

Persons: Donald J, JD Vance, Vance, Trump, Marco Rubio, Doug Burgum, Tim Scott of, ” Organizations: Washington , D.C, Wall, Republican Locations: Washington ,, Ohio, Silicon Valley, Marco Rubio of Florida, North Dakota, Tim Scott of South Carolina, America, Milwaukee

How did the Democrats lose Silicon Valley? The loudest donors in Silicon Valley are promoting Trump at a time when the tech world as a whole is ascending in Washington, with billionaires using their ballooning wealth and media foothold to exert influence. Their voices are made all the more prominent amid the conspicuous neutrality of Big Tech leaders like the Google C.E.O. Sundar Pichai and the Meta chief Mark Zuckerberg, who are possibly afraid of invoking Trump’s ire and employee backlash. Musk was brushed off by President Biden over his anti-union stance and excluded from an electric vehicle event at the White House in 2021.

Persons: Elon Musk, David Sacks, Marc Andreessen, Trump’s, Sundar Pichai, Mark Zuckerberg, Biden, Tesla Organizations: Elon, Trump, Big Tech, Google, White House Locations: Silicon Valley, Washington

☆ Opinion | J.D. Vance and the Tech-Trad Alliance
▼ + stars: | 2024-07-19 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Just over seven months ago, the talented pseudonymous writer Trace Woodgrains wrote an essay announcing the Republican Party’s doom — not the doom of electoral irrelevance, since the G.O.P. Vance as Donald Trump’s running mate and the recent surge of support for Trump’s campaign from Silicon Valley, Woodgrains reconsidered the durability of his diagnosis. The Vance pick, he wrote, suggests that “the G.O.P. is looking to make an appeal to anti-woke Silicon Valley or finance types to fill the void left by the Republican Party’s competency crisis,” with Vance himself as an exemplar of what a right-leaning counter-elite might look like. suddenly has more support in Silicon Valley than in 2020 or 2016.

Persons: Trace Woodgrains, ”, Woodgrains, Trump, J.D, Vance, Donald Trump’s, it’s, Peter Thiel, it’s Elon Musk, Marc Andreessen, pander, Reed Albergotti, Noah Smith Organizations: Biden, Republican, Cathedral Locations: United States, Silicon Valley

☆ Droughts are threatening California's water supply. The state is racing to save what's left.
▼ + stars: | 2024-07-19 | by ( Leila Jordan | ) www.businessinsider.com time to read: +10 min

In 2012, San Francisco's Public Utilities Commission began developing the Onsite Water Reuse Program to investigate whether water reuse, also known as water recycling, in buildings could be a solution to California's water problem. The adoption of on-site water reuse can also be a sensible decision for developers. Water reuse to overcome hurdlesWhile large plants and on-site water systems in major buildings have been California's more established methods of water reuse, the state's biggest hurdle is retrofitting systems for existing buildings. During times of drought, the state has encouraged water conservation and water recycling, such as the use of recycled water for plants. In 2023, California made progress toward establishing recycled water for direct potable reuse and allowing recycled water to be used in the state's drinking-water supply.

Persons: —, Paula Kehoe, Kehoe, Aaron Tartakovsky, Tartakovsky, Cleantec, They're, Phoenix's Aquacell, Cleantec Erik Porse, Porse, It's Organizations: Infrastructure, Service, Public Utilities Commission, San Francisco Public Utilities Commission, California Institute for Water Resources, Brewing, Texas Locations: California, Silicon, San Francisco, San Francisco's, Beverly Hills, San, Iowa, States, Virginia, Texas, Florida, Hawaii, East Coast, Southern California, In Texas

☆ Silicon Valley remains blue despite VC noise
▼ + stars: | 2024-07-19 | 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 EmailSilicon Valley remains blue despite VC noiseCNBC's Deirdre Bosa joins 'Power Lunch' to discuss which political party is attracting Silicon Valley donors' attention in the upcoming 2024 presidential election.

Persons: Deirdre Bosa

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

Analyst Mauricio Serna also raised his price target to $20 from $13, indicating 57.6% upside potential from where shares closed on Thursday. Barclays also lowered its price target to $47 from $55, indicating 11.4% downside from Thursday's close. Analyst Benjamin Swinburne has a $780 price target on shares, indicating shares could rise 20% from Thursday's close. Cahall raised his price target to $758 from $726, suggesting nearly 18% upside potential from the stock's close price on Thursday. His new price target of $190, up from $107, implies upside of 20% from Thursday's close.

Persons: Morgan Stanley, Mauricio Serna, Serna, — Hakyung Kim, Barclays downgrades Molson Coors, Lauren Lieberman, BUD YTD, Hakyung Kim, Benjamin Swinburne, Swinburne, Doug Anmuth, Anmuth, Wells, Steven Cahall, Cahall, Arm Holdings Morgan Stanley, Lee Simpson, Simpson, GenAI, Fred Imbert Organizations: CNBC, Netflix, Arm Holdings, UBS, Barclays downgrades, Barclays, bearish, Molson Coors, NFLX's, Holdings, ARM Locations: Serna, Thursday's, Wells Fargo

☆ 65-year-old 'never had money' as a kid—and says that helped him become a CEO worth $11 billion
▼ + stars: | 2024-07-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Chaudhry, the 65-year-old founder and CEO of cloud security giant Zscaler, has an estimated net worth of more than $11 billion. Some people get money [and] need to buy five houses and boats and planes and all of this kind of stuff. Some people get money [and] need to buy five houses and boats and planes and all of this kind of stuff. Owning 100% of your company early on allows you to control your own business decisions, which Chaudhry recommends. "Once you raise money, that's not an accomplishment, that's an obligation," he told Ryan Seacrest in a 2019 interview, "because "now you're reporting to whoever you raised money from."

Persons: Jay Chaudhry, he's, Chaudhry, Jyoti, —, SecureIT, I'm, Zscaler, Jay, I've, VCs, Mark Cuban, that's, Ryan Seacrest Organizations: Cuban Locations: India

☆ Pacific Northwest Braces for a Blistering Heat Wave Over the Weekend
▼ + stars: | 2024-07-19 | by ( Christine Hauser | ) www.nytimes.com time to read: +1 min

A dangerous heat wave is expected to affect parts of the Pacific Northwest over the weekend in a region where authorities are still addressing the deadly impact of record-breaking temperatures in 2021. The Weather Service said on Friday that the heat is expected to intensify over the interior Pacific Northwest, possibly reaching as high as 110 degrees Fahrenheit in some locations. In Spokane Valley, Wash., the heat index could reach 104 degrees Fahrenheit on Sunday before a slight dip in the following days. “The average for this time of year is around 83 to 84 degrees,” said Hannah Chandler-Cooley, a Weather Service meteorologist. We have been above average since our heat wave early this month.”

Persons: ”, Hannah Chandler, Cooley Organizations: National Weather Service, Weather Service Locations: Pacific Northwest, Washington , Oregon, Idaho, Spokane Valley, Oregon, Willamette

☆ 'Cobra Kai' is ending after six seasons. Here's when the final episodes will drop.
▼ + stars: | 2024-07-19 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewThe final season of "Cobra Kai" is out now on Netflix, but fans must wait until 2025 to see the story fully wrapped up. After three more seasons as one of Netflix's biggest original shows, the "Cobra Kai" creators announced that the sixth season would be the last. The next episodes of "Cobra Kai" air in NovemberTanner Buchanan, Peyton List, Xolo Maridueña and Mary Mouser reprise their role as karate students Robby Keene, Tory Nichols, Miguel Diaz and Samantha LaRusso in "Cobra Kai" season six. Curtis Bonds Baker / NetflixIn May, Netflix announced that the final season of "Cobra Kai" would be split into three releases across 2024 and 2025. Warning: Spoilers ahead for "Cobra Kai" seasons one to five.

Persons: —, Kai, Josh Heald, Jon Hurwitz, Hayden Schlossberg, Daniel LaRusso, Ralph Macchio, Johnny Lawrence, William Zabka, we've, Tanner Buchanan, Peyton List, Maridueña, Mary Mouser, Robby Keene, Tory Nichols, Miguel Diaz, Samantha LaRusso, Curtis Bonds Baker, dojos, Fang, Terry Silver, Cobra Kai, Daniel, Johnny, Terry, John Kreese, Martin Kove Organizations: Service, Netflix, Business, YouTube Locations: Spain

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Apple, Arm, Meta, Amazon, Hasbro, Coinbase, Broadcom & more
▼ + stars: | 2024-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: UBS upgrades Accenture to buy from neutral UBS said the IT services company has AI optionality. UBS upgrades Wolverine World Wide to buy from neutral UBS said it sees sales growth and margin upside for the footwear manufacturer. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight on Netflix following Thursday's earnings report. Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating following Amazon's Prime Day. UBS upgrades Ameren to buy from neutral UBS upgraded the electric services company and said regulatory risks are "overly discounted."

Persons: Morgan Stanley, Oppenheimer, William Blair, it's, Needham, Coinbase, Wedbush, it's bullish, Barclays downgrades Molson Coors, Cantor Fitzgerald, Cantor, Evercore, JPMorgan, Buck, Melius Organizations: UBS, Accenture, JPMorgan, Netflix, Revenue, Bank of America, 3Q, Nvidia, Meta, NASDAQ, Trump, Vance, Big Tech, Choice, Barclays downgrades, Barclays, TAP, Apple, Services, Broadcom, Broadcom's, Consumer, Hasbro Locations: China, Coinbase

☆ Top Democrat Raskin privately encouraged Biden to reconsider reelection campaign
▼ + stars: | 2024-07-18 | by ( Betsy Klein | Pamela Brown | ) edition.cnn.com time to read: +5 min

He could have made himself not a future president but a future monarch, in effect,” Raskin wrote. Raskin continued, quoting Biden, “’In America,’ you say, ‘genuine leaders — democratic leaders, with a small ‘d’? Everything else pales in comparison to this struggle, even your magnificent policy achievements.”He framed Biden’s choice about the future of his reelection campaign as a political one. They are also political questions because both political leaders and tens of millions of voting citizens have formed judgments based on the events of the last few weeks. Raskin added, ”Your situation is tricky because you are both our star pitcher and our Manager.

Persons: Jamie Raskin, Joe Biden, George Washington, Pedro Martinez, Raskin’s, Biden, “, ” Raskin, “ George Washington, Raskin, ’ ” Raskin, ”, “ Martinez, ” Martinez Organizations: CNN —, Red Sox, New York Times, CNN, America, ”, Continental Army, New York Yankees, Boston Red Sox, Yankees, Caucus Locations: Maryland, Valley Forge , Pennsylvania, Washington, America

☆ Warner Bros Discovery (basically) admits its merger didn't work
▼ + stars: | 2024-07-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

That's basically the pitch the management of Warner Bros. Discovery is floating to investors today, via a story in the Financial Times: "A dramatic plan to split its digital streaming and studio businesses from its legacy television networks." And would the money from those declining networks be enough to service all that debt? Apple, most notably, inquired about buying HBO way back when its parent company was called Time Warner. If WBD can't split the company the way it's supposedly proposing now, it will end up selling off assets (maybe CNN?

Persons: That's, WBD, I've, hasn't, Pimple Popper, HBO hasn't, Jessica Reif Ehrlich, Rich Greenfield, you'll, it's, Time Warner, David Zaslav —, Donald Trump, he's, Zaslav Organizations: Service, Warner Bros, Financial, Business, HBO, Max, CNN, Netflix, Big Tech, Apple, Time, Sun, Paramount

☆ City Council member says Elon Musk's supercomputer factory is causing local 'hysteria': report
▼ + stars: | 2024-07-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewThe Greater Memphis Chamber publicly announced last month that Elon Musk would build xAI's "gigafactory of compute" in the Tennessee city. The planned facility is set to house what Musk intends to be the world's most powerful supercomputer, set to power xAI's chatbot, Grok. AdvertisementOne council member, Pearl Walker, told Forbes that the development caused "hysteria" among Memphis locals. In an open letter shared on X, a group of three Memphis environmental groups also expressed concerns about the factory's impact on the local power supply. Memphis Light, Gas, and Water is trying to prevent the factory from affecting the local power grid, the outlet added.

Persons: —, Elon, Musk, Pearl Walker, Forbes, Walker, xAI, Bernstein, Goldman Sachs, haven't, Ted Townsend, Musk's Organizations: Service, Memphis Chamber, Business, Economic, Tennessee Valley Authority, Memphis City, Forbes, Memphis, The Washington Post, Bernstein Research, Meta, Greater, Greater Memphis Chamber Locations: Memphis, Tennessee, Shelby, Iowa, The, Greater Memphis

☆ The rout in tech stocks is a 'golden buying opportunity' for investors, analyst says
▼ + stars: | 2024-07-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The recent tech sell-off is a "golden buying opportunity," according to Wedbush. The midweek rout in tech stocks was partly triggered by Trump's hawkish comments about Taiwan. But solid earnings results in the second-quarter should spark a rebound in the tech trade, Ives said. AdvertisementThe sell-off in technology stocks represents a "golden buying opportunity" for investors, according to Wedbush analyst Dan Ives. Principal Asset Management's Todd Jablonski said this tech sell-off is simply a small blip in the grand scheme of things.

Persons: Trump's, Ives, —, Dan Ives, Donald Trump's hawkish, Trump, Joe Biden's, it's, Todd Jablonski, Jablonski Organizations: Service, Bloomberg Businessweek, Nasdaq, Trump, Semiconductor Locations: Taiwan, China, Beijing, U.S, 1H2024

☆ Opinion: We’re neglecting pets in disasters with tragic consequences
▼ + stars: | 2024-07-18 | by ( Opinion Robin Chadwin | ) edition.cnn.com time to read: +8 min

In the aftermath of Katrina, the Pets Evacuation and Transportation Standards (PETS) Act of 2006 was passed. However, development and implementation of pet evacuation and sheltering plans during disasters remains widely insufficient, if it is even addressed at all. At least 15 states do not have any provisions for the evacuation, rescue and recovery of pets during disasters, according to Michigan State University’s Animal Law and History Web Center. More commonly, pet owners will sneak back into active evacuation sites to rescue their pets, risking injury and even death. Allowing pet owners to evacuate their animals may prevent significant psychological distress and can strengthen the emotional resiliency of evacuees.

Persons: Robin Chadwin, Gail Chadwin, noncompliance, Justin Sullivan, ” Robin, Hurricane Organizations: CNN, Transportation, Michigan, University’s Animal, Web, Tulane University Hospital, Clinic Locations: Lake County , California, United States, San Francisco, Victoria, Australia, New Orleans , Louisiana, New Orleans

☆ Morgan Stanley says renewable energy stock is 'underappreciated' as powering AI play
▼ + stars: | 2024-07-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Bloom Energy is an up-and-coming artificial intelligence play, according to Morgan Stanley. Analyst Andrew Percoco reiterated his overweight rating on San Jose-based Bloom Energy after it announced a strategic partnership on Tuesday with Nvidia-backed GPU cloud provider CoreWeave. Under the agreement, Bloom Energy will deploy its solid oxide fuel cells to generate power for CoreWeave's data center in Illinois. The analyst's $22 price target implies shares of Bloom Energy can jump nearly 44% from its latest closing price. Bloom Energy and e-commerce giant Amazon last week entered into an agreement with Silicon Valley Power to deploy 20 megawatts of fuel cells for an Amazon data center, Percoco noted.

Persons: Morgan Stanley, Andrew Percoco, Percoco, Bloom Organizations: Bloom Energy, Nvidia, BE, CoreWeave, Intel Locations: Jose, Illinois, Bloom, Santa Clara , California

☆ A rash of tech billionaires are pivoting to Trump — but not because they’re MAGA bros
▼ + stars: | 2024-07-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.

Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, ”, “, Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon

☆ Mark Cuban says Silicon Valley's bet on Trump is a 'Bitcoin play'
▼ + stars: | 2024-07-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says Silicon Valley's support Trump could be a bet on higher Bitcoin prices. The tax cuts, tariffs and uncertainty that comes with a Trump win will push prices, Cuban said. AdvertisementMark Cuban says he has a "contrary opinion" on why Silicon Valley's tech titans have decided to back former President Donald Trump. Cuban explained that the outpouring of support wasn't so much because they saw Trump as a "far stronger proponent of crypto." This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Marc Andreessen, Donald Trump's, Mark Cuban, Trump, —, Donald Trump, Cuban Organizations: Trump, Service, SEC, Business

☆ Trekking Across Switzerland, Guided by Locals’ Hand-Drawn Maps
▼ + stars: | 2024-07-17 | by ( Photographs | Text Ben Buckland | ) www.nytimes.com time to read: +14 min

Trekking Across Switzerland, Guided by Locals’ Hand-Drawn Maps Nostalgic for a time before ubiquitous connectivity, a writer ditched his phone and relied instead on serendipity — and maps made by people he met along the way. So perhaps the most difficult day was also the day I knew for sure that I would make it — that I’d find my way across Switzerland with nothing but the hand-drawn maps of strangers. The map I’m using was drawn by Susana, a Portuguese woman who married into a local family and now runs a mountain refuge near the village of Grindelwald. Days 9 and 10 43 miles, through the original heart of Switzerland and the turquoise lakes of the canton of Glarus. This is the heart of Switzerland — the original cantons that formed the Old Swiss Confederacy, the precursor to the modern-day country.

Persons: Chris, Rocher de Naye, Melanie, Col de Chaude, d’Oex, “, ”, I’ve, ” I’ve, Rudy, Nestor, Dora, haven’t, Sherlock Holmes, Susana, I’m, Simon, he’s, They’re, Kris, Andy Clark, we’ve, it’s, Peter, Andrea, won’t, Jon, you’re Organizations: Sparta —, Restaurant, Energy, Swiss Confederacy Locations: Switzerland, American, Lake Constance, Lake Geneva, Montreux, Caux, Europe, Col, Charlotte, Gstaad, Bernese, xenia, Lenk, Adelboden, Lake, Portuguese, Grindelwald, Meiringen, Engelberg —, Tasmania, Swiss, Danish, Glarus, Schwyz, Liechtenstein

☆ Willow Bay, Bob Iger to take controlling stake in NWSL's Angel City FC at a $250 million valuation
▼ + stars: | 2024-07-17 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world's most valuable women's professional sports team. On Wednesday, Angel City of the National Women's Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million in the club's future growth. Bay will serve on and have full control of the Angel City FC board, the team said. Last year, Angel City FC generated the highest revenue of any women's team in the world.

Persons: Bob Iger, Willow Organizations: Walt Disney Co, Allen & Company Sun Valley Conference, Angel City Football Club, National Women's Soccer League, Angel City FC, ACFC Locations: Sun Valley , Idaho, Willow, Angel City

Andreessen and Horowitz are the latest and most prominent members of the startup investing community to publicly support Trump. Up until now, there have been pockets of vocal Trump support within Silicon Valley, including conservative provocateur Peter Thiel, the pugnacious hosts of the All-In podcast, and Palantir co-founder Joe Lonsdale. WE HAVE A FORMER TECH VC IN THE WHITE HOUSE. Most of the VCs Business Insider spoke to were unanimously against Kahn. "If it is Biden vs. Trump officially, I think many '"never Trumpers" will go with Trump," said a Bay Area VC.

Persons: —, Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Donald Trump, Sen, JD Vance, Peter Thiel's, Steve Case, Andreessen, Horowitz, provocateur Peter Thiel, Palantir, Joe Lonsdale, Elon Musk, who's, Joe Biden, Vance, Trump, IT'S JD VANCE, WE, MAGA, he's, Bradley Tusk, Chuck Schumer, Tusk, Lina Khan, That's, what's, Kahn, Lina Kahn, Khan, Biden, they're, David Hornik Organizations: Service, The Little, Business, Trump, Wall Street, Founder's Fund, TECH, Democratic, Biden, FTC, SEC, Bay, Republican, Sequoia Capital, Lobby Locations: America, Silicon Valley, New York, Delian, San Francisco, Silicon, There's

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