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☆ YOLO is dying. That could be bad news for the economy
▼ + stars: | 2024-06-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —YOLO economy, meet the “yo, no” economy. In what was dubbed the YOLO economy (short for “you only live once”), or revenge spending, consumers shelled out for the experiences and goods they had missed. And that may be bad news for the economy. “We are monitoring the issue and engaging with market participants,” a spokesperson for the Securities and Exchange Commission told CNN. Joe Saluzzi, co-founder of Themis Trading, told CNN that the NYSE’s explanation is hard to square with the bizarre trades that hit the tape.

Persons: “ Covid, doesn’t, ” Sameer Samana, “, There’s, ”, that’s, Taylor Swift, It’s, Dow, Jerome Powell, Berkshire Hathaway, Warren Buffett, Joe Saluzzi, Themis Trading, I’m, Saluzzi, ” Read, Matt Egan, Keith Gill —, ” —, Read, Anna Cooban Organizations: CNN Business, Bell, New York CNN, Wells, Investment Institute, Walmart, Target, Employers, TSA, Federal Reserve, New York Stock Exchange, The New York Stock Exchange, ” Intercontinental Exchange, NYSE, ICE, CNN, NYSE Group, Consolidated, CTA, Berkshire Hathaway’s, Berkshire, Securities and Exchange Commission, Themis, GameStop, AMC Entertainment Locations: New York, YOLO, Samana, “, Berkshire

☆ I'm 83 and started doing Pilates 60 years ago. It transformed my body and helped me through aging.
▼ + stars: | 2024-06-04 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

When I started taking Pilates no one thought about diet or exercise. Sometimes, we would smoke cigarettes in the Pilates studio and go for martinis afterward. I found a Pilates studio near my Manhattan home. That's when interest in Pilates started to take off. I began the Physical Mind Institute, then called the Institute for Pilates Certification, to train teachers and meet demand.

Persons: Joan Breibart, Joseph Pilates, Sische Breitbart, I've, Joseph Organizations: Service, Business, Pilates Locations: Europe, Manhattan, barre, Crossfit, New York, Santa Fe , New Mexico

☆ Famed short seller Andrew Left is back shorting GameStop years after taking a hit during meme-stock mania
▼ + stars: | 2024-06-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Andrew Left just placed a fresh bet against GameStop shares amid its latest rally. AdvertisementAndrew Left, the famed short-seller who lost big betting against Gamestop's stunning rally in 2021, is back to shorting the meme stock amid its latest surge. Left, who also shorted Hertz and Tesla competitor Nikola in 2020, told Bloomberg he placed a bet against Gamestop stock on Monday. His latest short comes amid a surge in retail interest in GameStop. Left's firm, Citron Research, stopped publishing notes on its short bets in January 2021, around the time GameStop shares notched their all-time high.

Persons: Andrew Left, —, Nikola, Keith Gill, Kitty, Gill Organizations: GameStop, Service, Gamestop's, Bloomberg, Gamestop, Citron Research

Opinion Guest Essay Why the Pandemic Probably Started in a Lab, in 5 Key Points Illustration by Mike McQuade. Here’s what we now know:1 The SARS-like virus that caused the pandemic emerged in Wuhan, the city where the world’s foremost research lab for SARS-like viruses is located. Wuhan China Taiwan Laos South China Sea Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. Wuhan China East China Sea india Taiwan Myanmar Laos South China Sea philippines Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. In the United States, virologists generally use stricter Biosafety Level 3 protocols when working with SARS-like viruses.

Persons: Mike McQuade, Anthony Fauci, —, Shi Zhengli, Shi’s, Sarah Temmam et, Shi, coronavirus, EcoHealth, Peter Daszak, Biden, Daszak, Baric, Jesse Bloom, Fauci Organizations: Getty Images, National Institute of Allergy, Wuhan Institute of Virology, China East China, U.S, New York, Facebook Locations: United States, Wuhan, China, Yunnan, Southeast Asia, Laos, Yunnan province Taiwan Laos, Laos South China, Thailand, China East China, Taiwan Myanmar Laos South China, Laos philippines Thailand, Taiwan Laos South China, China East, philippines Thailand, Wuhan China Taiwan Laos South China, Wuhan China East China, China Wuhan East China, Covid, MERS

☆ After Trump’s Conviction, a National Enquirer Editor Sends His Regrets
▼ + stars: | 2024-06-02 | by ( Jacob Bernstein | ) www.nytimes.com time to read: 1 min

Even before former President Donald J. Trump was convicted on 34 felony counts of falsifying business records to conceal a sex scandal, a verdict was being delivered on The National Enquirer. The no-holds-barred supermarket tabloid was once famous for publishing salacious stories about celebrities and politicians. “It’s just a tragedy for the paper,” said Barry Levine, the publication’s former executive editor, sitting in the living room of his one-bedroom apartment in Manhattan on a recent morning. Even among those who consider it a guilty pleasure, The Enquirer can hardly be described as a national treasure. But try telling that to Mr. Levine, a swashbuckling journalist who worked there from 1999 until 2016 and whose professional and personal identity was shaped by it.

Persons: Donald J, Trump, “ It’s, ”, Barry Levine, Levine Organizations: National Enquirer Locations: Manhattan

☆ A writer did everything from BASE jumping to scuba-diving with women over 50. She learned 3 things about healthy aging.
▼ + stars: | 2024-06-01 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Some of the women had been adventuring their whole lives, while it took others a little longer — but all of them were active, healthy, and happy. Related storiesPaul shared three things she learned about healthy aging while researching her book. Being in nature has a range of health benefits82-year-old Louise Wholey, who Paul interviewed for her book, scuba diving. Advertisement"You don't have to wing walk, you don't have to scuba dive.

Persons: —, Caroline Paul, Shawn Brokemond, Paul, needn't, Louise Wholey, it's, Heidi, Dacher Keltner Organizations: Service, El, Business, Bloomsbury Publishing, University of Massachusetts, University of California, New Locations: Yosemite, El Capitan, New Yorker

☆ Google’s A.I. Search Leaves Publishers Scrambling
▼ + stars: | 2024-06-01 | by ( Nico Grant | Katie Robertson | ) www.nytimes.com time to read: +1 min

When Frank Pine searched Google for a link to a news article two months ago, he encountered paragraphs generated by artificial intelligence about the topic at the top of his results. That experience annoyed Mr. Pine, the executive editor of Media News Group and Tribune Publishing, which own 68 daily newspapers across the country. In May, Google announced that the A.I.-generated summaries, which compile content from news sites and blogs on the topic being searched, would be made available to everyone in the United States. “It potentially chokes off the original creators of the content,” Mr. Pine said. The feature, AI Overviews, felt like another step toward generative A.I.

Persons: Frank Pine, Mr, Pine Organizations: Google, Media News Group, Tribune Publishing Locations: United States

☆ Trump Family Reacts to Guilty Verdict: Don Jr. Eric Trump Denounce Conviction
▼ + stars: | 2024-05-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Donald Trump is now a convicted felon after a jury found him guilty in the hush-money trial. His two eldest sons immediately took to social media to denounce the verdict. "Such bullshit," Donald Trump Jr. said on X. AdvertisementDonald Trump's eldest sons immediately posted on social media to denounce their father's historic conviction on Friday in the New York hush-money trial. "Such bullshit," Donald Trump Jr. wrote on X, before publishing more posts, criticizing the verdict and baselessly painting the trial as an attempt to interfere with the 2024 election.

Persons: Donald Trump, Donald Trump Jr, —, Donald Trump's Organizations: Service, Business Locations: New

☆ Dinesh D'Souza election fraud film, book '2000 Mules' pulled after defamation suit
▼ + stars: | 2024-05-31 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — The conservative gadfly Dinesh D'Souza's film and book "2000 Mules," which pushes false conspiracies about voter fraud in the 2020 presidential election, has been removed from distribution by its executive producer and publisher, according to an announcement Friday. Salem Media Group 's announcement that it had yanked D'Souza's film and book also apologized to Mark Andrews, a Georgia man falsely accused in "2000 Mules" of ballot stuffing. Former President Donald Trump, who lost to Biden, embraced "2000 Mules," screening the film at his Florida club Mar-a-Lago. "2000 Mules" shows Andrews placing five ballots into a box, as D'Souza says in a voiceover: "What you are seeing is a crime. In its statement Friday announcing it would cease distributing the film and book, Salem Media said, "It was never our intent that the publication of the 2000 Mules film and book would harm Mr.

Persons: Dinesh D'Souza, WASHINGTON —, gadfly Dinesh D'Souza's, Mark Andrews, Andrews, D'Souza, Joe Biden, Donald Trump, Biden, Salem, Mr Organizations: WASHINGTON, Salem Media Group, CNBC, Salem, Media, Mar, Salem Media's, Regnery Publishing, Salem Media Locations: Washington , DC, Georgia, Florida

☆ Elon Musk has been getting Trumpier. A direct line to Trump may be next
▼ + stars: | 2024-05-30 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +9 min

CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.

Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, –, Andrew Harnik, ”, Darrell West, ” West, Herika Martinez, —, Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico

☆ A woman unmasked her catfisher after finding 2 more victims. They were surprised to find the catfisher's true identity.
▼ + stars: | 2024-05-30 | by ( Jane Ridley | ) www.businessinsider.com time to read: +9 min

Read previewScrolling through the profiles on OkCupid, Anna Akbari was drawn to a man who seemed handsome, witty, and highly intelligent. He was a catfisher — a person who fakes their online identity to trick victims into thinking they are someone else. He'd sent her a forged driving license, power points from his supposed job, and even copies of papers he claimed to have written at MIT. "We didn't know who this person was or why they were doing it," Akbari told BI. "Emily was Ethan, and Ethan was Emily," Akbari wrote in the book.

Persons: —, Anna Akbari, They'd, Akbari, — Ethan Schuman, MIT —, Schuman, Ethan, Gchat, — Schuman, he'd, Warren Talmarkes, I'd, didn't, Gina Dallago, She'd, Dallago, Anna, He'd, they'd, Emily Slutsky, who'd, Emily, Slutsky Organizations: Service, Columbia University, MIT, Business, New York University, BI, Skype, Grand, Valentine's, Facebook, Grand Central Publishing, Columbia Locations: Washington, DC, New York, Ireland, Irish, Akbari, New York City, Japan, Columbia, Cork

☆ A national network of local news sites is publishing AI-written articles under fake bylines. Experts are raising alarm
▼ + stars: | 2024-05-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez, Mitch M. Rosenthal — reveals a tiny badge with the words “AI.” These are not real bylines. The outlet, Hoodline, is not the first or only news site to harness AI. Sports Illustrated deleted several articles from its website after they were found to have been published under fake author names. Keeping local news aliveOn Hoodline’s network of local news sites, it is difficult to find an article not written by the software. But the transformation at Hoodline shows that bigger solutions are needed to keep vital local news reporting alive.

Persons: Sarah Kim, Jake Rodriguez, Mitch M, Rosenthal —, ”, Hoodline, ” Zachary Chen, ” Chen, “ Nina, Mark Graham, Peter Adams, “, ” Adams, Chen, Danielle Coffey, ” Coffey, That’s, Felix Simon, ” Simon, Simon, Benjamin Toff, Hoodline San Francisco ’, Nuala, ” Bishari Organizations: CNN, Media, Tech, Gannett, Internet, Wayback Machine, News Literacy, LinkedIn, Media Alliance, News Corp, Reuters Institute for, Journalism, University of Oxford, Research, University of Minnesota, San Francisco Chronicle Locations: embarrassments, San Francisco, Philippines, Hoodline San

☆ Publishers and advertisers demand that Apple's Tim Cook stop the rollout of an anticipated 'web eraser' tool over fears it'll hobble web advertising
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The French group of trade associations fears that Apple's web eraser could represent another example of Big Tech implementing disruptive changes over which media and advertising companies have no control. Apple generates advertising and subscription revenue from its Apple News service, though it makes the majority of its ad revenue from search ads within the Apple App Store. A spokesperson for the NMA said the organization hadn't heard back from Apple since it sent the letter on May 10.

Persons: —, Tim Cook, Apple's Cook, Thierry Breton, Apple, NMA, hadn't Organizations: Service, Apple, Business, Safari, Alliance, SRI, Union des Marques, Big Tech, Google, Facebook, Publishers, Apple News, French Competition Authority, Europe's, UK's News Media Association, Daily Mail, Guardian Locations: France, Europe, Germany

☆ Bloomsbury had its highest sales year ever thanks to Sarah J. Maas
▼ + stars: | 2024-05-29 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewBloomsbury Publishing is crediting fantasy author Sarah J. Maas for its record-setting sales year. AdvertisementAnd the company said that growth comes largely from one author: Sarah J. Maas. Bloomsbury's CEO credits fantasy author Sarah J. Maas with driving the publisher's growthIn a statement on its financial report, Bloomsbury's CEO Nigel Newton pointed to Sarah J. Maas as the source of much of the company's financial achievements for the year. Sarah J. Maas had massive sales over the last year. "Sarah J. Maas is a publishing phenomenon and we are very fortunate to have signed her up with her first book 14 years ago."

Persons: —, Sarah J, Maas, Nigel Newton, Newton, JK Rowling's, Harry Potter, Katherine Rundell's, Bloomsbury Maas, Rebecca Yarros, Carissa Broadbent Organizations: Service, Bloomsbury, Business, New York Times, Marvel, Wings Locations: Bloomsbury, children's

☆ Amazon is winning the biggest dollar share of new retail spending — and by a lot
▼ + stars: | 2024-05-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Amazon is winning the biggest dollar share of new retail spending — both online and brick-and-mortar — and it's not even close. AMZN YTD mountain AMZN stock performance year-to-date. Morgan Stanley said Walmart 's performance this year is "not too shabby" but a distant second to Amazon. Amazon has been benefitting from the consumer's continued shift to buying stuff online, a trend that should benefit AMZN stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: it's, Morgan Stanley, Zev Fima, Amazon's, We've, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Walmart, Management, Deal, CNBC, Getty Locations: America

☆ RFK Jr. super PAC chair to publish tell-all memoir by mother of Hunter Biden's child
▼ + stars: | 2024-05-28 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

The meeting is part of the Republicans' impeachment inquiry into President Joe Biden. The co-chairman of a super PAC supporting Robert F. Kennedy, Jr.'s presidential campaign announced plans Tuesday to publish a tell-all memoir this summer by an Arkansas woman who had a child with Hunter Biden, the youngest son of President Joe Biden. "Out of the Shadows: My Life Inside the Wild World of Hunter Biden" is written by Lunden Roberts, who gave birth to Hunter Biden's daughter in 2018. Roberts' memoir will be published by Skyhorse Publishing, a company whose president, Tony Lyons, is a co-founder of the pro-Kennedy super PAC American Values 2024. Lyons said a press release that Roberts' memoir contains "revelations that could well impact the outcome of the 2024 election."

Persons: Hunter Biden, Joe Biden, Robert F, Kennedy, Jr, Lunden Roberts, Hunter Biden's, Biden —, —, Roberts, Biden, Tony Lyons, AV24, Lyons, Skyhorse, Alex Jones, Sen, Ted Cruz, Donald Trump, Nancy Pelosi Organizations: Skyhorse Publishing, Kennedy, Skyhorse, PAC, CNBC, Democratic, Calif, Republican, NBC Locations: O'Neill, Washington ,, Arkansas, Texas, Iraq

☆ America’s military has the edge in space. China and Russia are in a counterspace race to disrupt it
▼ + stars: | 2024-05-27 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +20 min

Direct-ascent anti-satellite missiles are fired from Earth to take out a satellite target in space. Since then, China is believed by analysts to have conducted multiple, nondestructive missile tests that could advance its ability to target satellites. Illustration by CNNThat’s because the US has done extensive non-offensive testing of technologies to approach and rendezvous with satellites, including close approaches of its own military satellites and several Russian and Chinese military satellites, SWF says. Chance Saltzman explained why the US felt it needed to be able to counter other countries’ space capabilities. Its tenets may be more relevant now than ever – but potentially under greater threat amid a new focus on military and space.

Persons: –, Russia’s, ”, Rajeswari Pillai Rajagopalan, Zang Jihui, Chance Saltzman, ” Saltzman, Juliana Suess, Kamala Harris, Etienne Laurent, SpaceX’s, Tong Zhao, ” Zhao, doesn’t, RUSI’s Organizations: Hong Kong CNN, Russian, CNN, Getty, Sputnik, Center for Security, Strategy, Technology, Observer Research, Foundation, China, US Space Force, Liberation Army, PLA, Space Force, Washington, CNN That’s, Space, China’s PLA, US Space Command, Vandenberg Space Force, Bloomberg, Union of Concerned, Carnegie Endowment, International Peace, Modern Defense Technology ”, United Nations Security, US Locations: Hong Kong, Ukraine, Russia, Germany, Europe, United States, China, Moscow, North Korea, Iran, Beijing, AFP, Soviet, Soviet Union, America, New Delhi, India, CNN China, Washington, Japan, Guam, France, Australia, Israel, Gaza, London, California, Honolulu, Hawaii, powerlines

☆ Opinion | A Chill Has Fallen Over Jews in Publishing
▼ + stars: | 2024-05-27 | by ( James Kirchick | ) www.nytimes.com time to read: +2 min

This month, an account on X with the handle @moyurireads and 360 followers published a link to a color-coded spreadsheet classifying nearly 200 writers according to their views on the “genocide” in Gaza. Much of it revolves around the charge of genocide and seeks to punish Zionists and anyone else who refuses to explicitly denounce the Jewish state for allegedly committing said crime. Over the past several months, a litmus test has emerged across wide swaths of the literary world effectively excluding Jews from full participation unless they denounce Israel. This phenomenon has been unfolding in progressive spaces (academia, politics, cultural organizations) for quite some time. That it has now hit the rarefied, highbrow realm of publishing — where Jewish Americans have made enormous contributions and the vitality of which depends on intellectual pluralism and free expression — is particularly alarming.

Persons: ”, Emily St, John Mandel, Kristin Hannah, Gabrielle Zevin, Israel —, Israel Organizations: Tiger, Elders of Zion, “, Israel, Hadassah, “ Zionists Locations: Gaza, “, Israel

☆ Russia Plans New Offensive in Ukraine’s Northeast, Zelensky Says
▼ + stars: | 2024-05-26 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

President Volodymyr Zelensky of Ukraine said on Sunday that Moscow’s forces were massing for a new ground offensive on the northeast of his country, a day after a Russian missile strike on a hardware superstore in the city of Kharkiv killed at least 16 people and wounded dozens more, according to Ukrainian officials. “Russia is the only source of aggression and constantly tries to expand the war,” Mr. Zelensky said in a speech delivered in English inside the ruins of a publishing house in Kharkiv that was destroyed last week in a Russian strike. “Russia is preparing for offensive actions,” around 60 miles northwest of Kharkiv, he said, adding that Moscow was gathering “another group of troops near our border.” Mr. Zelensky gave no further details about the potential attack. Moscow surprised Ukraine on May 10 when its troops poured across the northeastern border, punching through Ukrainian defenses and seizing villages close to the frontier. That forced the government in Kyiv to rush in reinforcements in a bid to halt the Russian advance.

Persons: Volodymyr Zelensky, Mr, Zelensky Locations: Ukraine, Russian, Kharkiv, Russia, Moscow, Kyiv

☆ Advertisers boost spending at retailers such as Walmart and Amazon as TV shrinks
▼ + stars: | 2024-05-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Global retail media ad spending is expected to more than double from $114.18 billion in 2023 to $233.89 billion in 2027, according to eMarketer. Retail media is expected to represent a larger percentage of digital advertising spending, which has begun to eclipse traditional media spending, growing from 18.9% of that segment in 2023 to 25.7% in 2027, according to eMarketer. "What we hear from brands most directly is they no longer wake up with a recipe to buy X amount of TV, X amount of social, X amount of digital. GSTV screens reach 115 million viewers per month across 49 states. "It's the new TV for mass reach advertising," said Mark Boidman, head of media and entertainment investment banking at Solomon Partners.

Persons: Sean McCaffrey, McCaffrey, Mark Boidman Organizations: Television, Facebook, Walmart, Kroger, WPP, Global, Brands, Solomon Partners Locations: eMarketer, It's

☆ China’s 618 shopping festival begins with biggest-ever Apple price cuts and a boycott
▼ + stars: | 2024-05-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Apple is offering unprecedented price cuts in China as big brands and retailers launch promotions for the annual “618” shopping festival in the face of sluggish consumer demand. The JD.com Inc. headquarters during a ceremony marking company's 20th anniversary and 618 shopping event in Beijing, China, on Sunday, June 18, 2023. The 618 shopping festival, a key barometer of consumption in the country, has seen growing competition by e-commerce sites and retailing brands to offer discounts. One statement, issued by 10 publishing houses in Beijing, said the boycott was a necessary move to “maintain the stability and prosperity” of the book publishing market. Even major state-owned publishing companies voiced opposition to “chaotic” price wars.

Persons: Apple, Alibaba —, Alibaba, Rihanna, iPads, ”, Jefferies Organizations: Hong Kong CNN, Apple, Huawei, Vivo, JD.com, Inc, Bloomberg, Getty, Counterpoint Research, Xiaomi, Shanghai Century Publishing Locations: Hong Kong, China, Shanghai, Beijing

☆ A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats
▼ + stars: | 2024-05-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +13 min

The decision by Microsoft to link executive compensation to successful cybersecurity performance is another is prompting discussions at other firms. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In recent years, many Fortune 500 companies, including Apple, have added bonus pay tied to ESG metrics. The conversations about cybersecurity-linked executive pay have started taking place at other companies since Microsoft made its move, according to Aalap Shah, managing director at executive compensation consultant Pearl Meyer. Madnick's research shows that gaps in corporate culture are often culprits in high-profile hacks, not just the Microsoft example.

Persons: Brad Smith, Charlie Bell, Aalap Shah, Pearl Meyer, It's, I've, Shah, —, Stuart Madnick, Madnick, Ryan Kalember, unavoidability, Jen, Kalember, ransomware, Mike Doonan, Doonan Organizations: Microsoft, U.S, Hill, Google, U.S . Department of Homeland, Initiative, Microsoft Security, Team, Companies, Fortune, Apple, MIT, Infrastructure Security Agency, CNBC, Technology, State Department Locations: China, Russia, cybersecurity, U.S

☆ AstraZeneca targets $80 billion in total revenue by 2030 in 'post-Covid era'
▼ + stars: | 2024-05-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Costfoto | Future Publishing | Getty ImagesLONDON — Pharmaceutical company AstraZeneca on Tuesday said it planned to increase its total revenue to $80 billion by 2030 — up 75% from $45.8 billion in 2023. AstraZeneca will focus on its oncology, biopharmaceuticals and rare diseases businesses and expects to release an additional 20 medicines in the next six years. "Many of them have the potential to be $5 billion drugs," Sarin noted. A company statement detailed that this revenue figure could be hit annually for many of the new medicines in peak years. "For the entire market to get replaced it will take time, but we think we have the technology today to start replacing them," Sarin told CNBC.

Persons: CNBC's Arabile Gumede Organizations: Astrazeneca, Artificial Intelligence, — Pharmaceutical, AstraZeneca, CNBC, U.S . FDA, Pharmaceuticals, Investments Locations: Shanghai, China, Europe, London, Singapore

☆ Gerard Depardieu accused of attacking ‘the king’ of paparazzi at Harry’s Bar in Rome
▼ + stars: | 2024-05-21 | by ( Barbie Nadeau | ) edition.cnn.com time to read: +4 min

Rome CNN —In a scene reminiscent of La Dolce Vita era, French actor Gerard Depardieu has been accused of attacking celebrity photographer Rino Barillari outside Harry’s Bar on the famed Via Veneto in Rome. Piero Lepore, the owner of Harry’s Bar in Rome, confirmed to CNN that the incident happened, but did not cast blame. This sort of thing never happens here,” Lepore told CNN by telephone. “We are used to celebrities and we are used to paparazzi – they can’t survive without each other. Magda Vavrusova’s lawyer, Delphine Meillet, said in a statement to CNN that it was Barillari who had pushed Vavrusova.

Persons: Rome, Rome CNN —, La Dolce, Gerard Depardieu, Rino, Depardieu, Barillari, ”, Magda Vavrusova, Piero Lepore, Federico Fellini, ” –, Paparazzo, ” Lepore, “, Lepore, Magda Vavrusova’s, Delphine Meillet, Meillet, Vavrusova, ” Meillet, University Policlinico Umberto, Sylvester Stallone, Sharon Stone, Liz Taylor, Frank Sinatra, Depardieu’s, –, Charlotte Arnould Organizations: Rome CNN, Via Veneto, Police, CNN, Rome, University, ” CNN, Paris Locations: Harry’s, Rome, Piazza Navona

☆ Giuliani agrees to stop spreading 2020 vote-tampering lies about Georgia election workers
▼ + stars: | 2024-05-21 | by ( Katelyn | ) edition.cnn.com time to read: +2 min

CNN —Rudy Giuliani has agreed to never again publicly accuse two Georgia election workers of tampering with votes in the 2020 election, a false accusation that he has repeated frequently and that led to his bankruptcy. With the agreement, Giuliani is forfeiting a yearslong verbal and legal battle he’s waged with the election workers, Ruby Freeman and her daughter, Shaye Moss. “Today ends his efforts to profit off of lies about these two heroes of American democracy,” the workers’ attorney Michael Gottlieb said in a statement. The trial provided a searing glimpse into the harassment election workers suffered while prominent Trump supporters spread lies about the 2020 election. Giuliani is also in Chapter 11 personal bankruptcy, with Freeman, Moss and others pursuing everything he has of value.

Persons: CNN — Rudy Giuliani, Giuliani, he’s, Ruby Freeman, Shaye Moss, Donald Trump, Freeman, Moss, Michael Gottlieb, Beryl Howell Organizations: CNN, Trump, New Locations: Georgia, New York, Arizona, Washington

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