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☆ From test strips to hotlines, how to protect against fentanyl and treat a drug addiction
▼ + stars: | 2024-01-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

BI spoke to 13 financial professionals about drugs on Wall Street, from cocaine to psychedelics. The conversations come amid a rise in substance abuse and drug overdose deaths. But frequent drug use can lead to addiction, while any drug can lead to death if it is laced with deadly fentanyl. Meanwhile, drug overdose deaths were recently tallied at over 100,000, double where they were in 2015. And overdose deaths can be avoided with tools like fentanyl testing strips.

Persons: — Organizations: Service, Business, Centers for Disease Control, National Institute on Drug

☆ First Prosecution Witness Testifies Against Jimmy Lai in Hong Kong
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Jessie Pang and Edward ChoHONG KONG (Reuters) - The first prosecution witness to testify in a landmark national security case against Hong Kong media tycoon Jimmy Lai said on Wednesday he had been instructed by Lai to call people to join protests in 2019 and draw the attention of western democracies. The witness, Cheung Kim-hung, said Lai believed a proposed law that would allow people in Hong Kong to be sent to China to face trial in courts controlled by the Communist Party would be used to crackdown on the territory's democracy and freedoms. He told the court that the image of Lai "was all along very clear, who pursued democracy, freedom and was anti-totalitarian". Hong Kong officials say Lai will receive a fair trial. Both Chinese and Hong Kong officials have said the national security laws were vital to restoring stability in Hong Kong.

Persons: Jessie Pang, Edward Cho HONG, Jimmy Lai, Lai, Cheung Kim, Cheung, Hong, Apple, Chan Pui, Yeung Ching, kee, Andy Li, Chan, Edward Cho, Dorothy Kam, Greg Torode, Neil Fullick Organizations: Reuters, Hong, Communist Party, Apple, Next Locations: Edward Cho HONG KONG, Hong Kong, China, Beijing, Britain, United States

☆ Weight gain in children and adults linked to 100% fruit juice, study says
▼ + stars: | 2024-01-16 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Drinking a glass or more of 100% fruit juice each day was linked to a small increase in weight in children and adults, according to a new analysis of prior studies. In such a context, fruit juice is a much better choice than soda, for many reasons,” said Katz in an email. How juice impacts the bodyFor some, the concern over 100% fruit juice may be baffling — fruit is healthy, right? Eating a whole apple, for example, doesn’t spike blood sugar levels because fructose, the sugar found naturally in fruits and some vegetables, is released slowly into the blood. In children, each additional serving per day of 100% fruit juice was associated with a 0.03 higher body mass index, or BMI, change, according to the study.

Persons: ”, Walter Willett, Harvard T.H, ” Willett, Tamara Hannon, “ There’s, Hannon, David Katz, “ It’s, Katz, Britt Erlanson, ” Hannon, ” That’s, Vasanti Malik, ” Malik, Malik, “ Organizations: CNN, Harvard, of Public Health, Harvard Medical School, American Academy of Pediatrics, AAP, Riley Hospital for Children, Indiana University School of Medicine, True Health, True Health Initiative, Bank, Getty, BMI, CDC Locations: Chan, Boston, Indianapolis

☆ China takes a 'not that different' stance on Biden and Trump, strategist says
▼ + stars: | 2024-01-16 | 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 EmailChina takes a 'not that different' stance on Biden and Trump, strategist saysVincent Chan, China strategist at Aletheia Capital, says, however, that China may prefer to have Donald Trump "on board again."

Persons: Trump, Vincent Chan, Donald Trump Organizations: China, Biden, Aletheia Locations: China

☆ A woman bought a vintage dress at an antique store. It had a secret pocket with a mysterious note
▼ + stars: | 2024-01-15 | by ( Faith Karimi | ) edition.cnn.com time to read: +8 min

CNN —The Victorian dress in the Maine antique mall was unlike anything Sara Rivers Cofield had seen before. Rivers Cofield had no idea that the dress she bought in December 2013 would unravel a mystery a decade later. Rivers Cofield was baffled, she told CNN. He also emailed Rivers Cofield, who did not know that online sleuths were still working to decipher the codes. But for now, Chan and Rivers Cofield are just glad they’ve unraveled the biggest piece of the dress’s mystery.

Persons: Sara Rivers Cofield, Rivers, Rivers Cofield, Fagan, Bennett, Shakespeare’s, ”, she’d, “, sleuths, Cofield, ” Rivers Cofield, I’m, Wayne Chan, didn’t, ” Chan, Chan, Sara Rivers, “ Bismark, “ Buck ”, he’s, “ I’m, It’s, they’ve Organizations: CNN, University of Manitoba, Army Corps, National Oceanic, Atmospheric Administration Locations: Maine, Calgary, Cuba, Bennett, Rivers, Chesapeake Beach , Maryland, Searsport , Maine, United States, ”, Canadian, Canada, North America, Bismarck, North Dakota, Washington ,, Chan

☆ How This Climate Activist Justifies Political Violence
▼ + stars: | 2024-01-14 | by ( David Marchese | ) www.nytimes.com time to read: +12 min

Photo illustration by Bráulio Amado Talk How This Climate Activist Justifies Political ViolenceWith the 2021 publication of his unsettling book, “How to Blow Up a Pipeline,” Andreas Malm established himself as a leading thinker of climate radicalism. I have engaged in as much militant climate activism as I have had access to in my activist communities and contexts. Like I said, I’ve participated in things that I can’t tell you about because they’ve been illegal and they’ve been militant. I can’t tell you what things I have done, but the things that I do and that any other climate activist should be doing cannot be an individual project. This goes for political violence too, unless you’re a pacifist and you reject every form of political violence — that’s a reasonably coherent philosophical position.

Persons: Bráulio Amado, ” Andreas Malm, Malm’s, Wim Carton, Malm, ”, don’t, Andreas Malm’s, you’ve, Let’s, I’ve, they’ve, dint, Putin, Ugo Amez, “ We’re, —, Biden, radicalize, I’m, Jeremy Chan Organizations: New Yorker, The, The New, ExxonMobil, Aramco, Associated Press, White, optimist Locations: Swedish, New, The New Republic, Malmo, Ukraine, France, United States

☆ Taiwan Fights Onslaught of Chinese Disinformation Ahead of Key Election
▼ + stars: | 2024-01-13 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Taiwan Fights Onslaught of Chinese Disinformation Ahead of Key ElectionIn the run-up to Taiwan’s presidential election, government officials and NGOs say the island has been targeted by thousands of disinformation attacks, which authorities say is an attempt by China to influence the pivotal vote. China has denied it is trying to interfere. Photo Composite: Diana Chan

Persons: Diana Chan Locations: Taiwan, China

Leon Wildes, a prominent immigration lawyer best known for his landmark, yearslong fight in the 1970s to prevent John Lennon from being deported and enable the former Beatle to receive permanent residency in the U.S., has died at age 90. Thanks to Wildes' ingenuity and the shocking twists of politics in the 1970s, Lennon's deportation was delayed and ultimately revoked. His honors included the Edith Lowenstein Memorial Award for excellence in advancing the practice of immigration law and the Elmer Fried Excellence in Teaching Award. He attended Yeshiva College as an undergraduate and became interested in immigration law after working with the Hebrew Immigrant Aid Society in the late 1950s. Wildes published articles in the Cardozo Law Review among other journals and wrote a book on the Lennon case, “John Lennon Vs. the USA,” that came out in 2016.

Persons: Leon Wildes, yearslong, John Lennon, Wildes, Englewood , New Jersey Mayor Michael Wildes —, Dad, Michael Wildes, Weinberg, “, ” Leon Wildes, Alan Kahn, Lennon, Yoko Ono, ”, Kahn, Jack Lemmon, Yoko Moto, Ono, Kyoko Chan Cox, John, Yoko, Richard Nixon, Lennon's, Nixon, Sen, Strom Thurmond, Thurmond, John Mitchell, Richard Kleindienst, J, Edgar Hoover, Fred Astaire, Dick Cavett, Saul Bellow, Stevie Wonder, Bob Dylan, “ Leon, ” Lennon, Nixon's, Mitchell, Sean, Norman Mailer, Gloria Swanson, Barack Obama, Mick Jagger, ” Jagger, ” Wildes, Benjamin N, Edith Lowenstein, Elmer Fried, Alice Goldberg Wildes, “ John Lennon Vs, John Lennon ”, Pennyblackmusic.co.uk Organizations: Lenox Hill Hospital, Englewood , New Jersey Mayor, Wildes, New York University School of Law, American Immigration Lawyers Association, Apple Records, Beatles, South Carolina Republican, Naturalization Service, Los, Nixon, Cardozo School of Law, Yeshiva College, Hebrew Immigrant Aid Society, Cardozo Law, Beatles Fans Locations: U.S, Manhattan, Englewood , New Jersey, Olyphant, England, New York City, Vietnam, Tokyo, British, London, Los Angeles, New York, Norman, Pennsylvania, Chicago

☆ A mysterious note was discovered in the secret pocket of a dress from the 1880s. A decade later, someone finally cracked the code.
▼ + stars: | 2024-01-09 | by ( Kelsey Vlamis | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

An archeologist found a silk dress from the 1800s with a hidden pocket concealing a secret code. "It was a beautiful sort of rust, metallic, bronze silk dress," she told Business Insider, one she'd seen at the shop for years. "For the first time in history, information about the weather could travel faster than the weather itself," Chan wrote. While it's tempting to think Bennet was the owner of the paper, it's not necessarily the case, Rivers Cofield said. AdvertisementWhether the dress's owner sent it out to the laundry or donated it are both possibilities, Rivers Cofield said.

Persons: —, Sara Rivers Cofield, confute, fagan, Rivers, Wayne Chan, Chan, Sara Rivers, Rivers Cofield, Bismark, Leafage, Buck, Bennet Organizations: Service, Calgary Cuba, University of Manitoba's, Earth Observation, National Oceanic, Atmospheric Administration, US Army Signal Corps, NOAA, . Bank Locations: Maine, Calgary, Canada, North Dakota

☆ Wayne LaPierre resigns as NRA leader, days before start of his civil trial
▼ + stars: | 2024-01-05 | by ( Melissa Chan | ) www.cnbc.com time to read: +3 min

Wayne LaPierre resigned as leader of the National Rifle Association on Friday, ending his decadeslong reign over the prominent gun rights group, days before the start of his civil trial in New York. "My passion for our cause burns as deeply as ever," LaPierre said in a statement. The attorney general claims LaPierre spent more than $500,000 of the NRA's assets to fly himself and his family members to the Bahamas. The civil trial in Manhattan is expected to begin Monday and will last for six weeks. The attorney general is seeking both remedies, which Cohen would decide on during a second phase of the trial.

Persons: Wayne LaPierre, LaPierre, Letitia James, Wilson, Woody, Phillips, Joshua Powell, John Frazer, Powell, Joel Cohen, Cohen Organizations: National Rifle Association, NRA, Fox News Digital, New York Locations: New York, Bahamas, Manhattan

☆ Alan Garber is Harvard's interim president after Claudine Gay's resignation. Here's what we know about him.
▼ + stars: | 2024-01-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewFollowing Harvard President Claudine Gay's resignation Tuesday, the prestigious university announced its current provost will take on the role of interim president as the search begins for a new leader. Alan M. Garber, an economist and physician, has served as Harvard's provost and professor of economics, public policy, and healthcare policy for over 12 years. AdvertisementSince joining Harvard's faculty in 2011, Garber has been involved in Jewish clubs and events on campus, including Harvard Chabad and Hillel. Garber's interim stint as Harvard President comes after weeks of controversy surrounding the school's now-former president, Claudine Gay. "It is with a heavy heart but a deep love for Harvard that I write to share that I will be stepping down as president," Gay wrote in her resignation letter.

Persons: —, Claudine Gay's, Alan M, Garber, Alan Garber, Anne Yahanda, Brigham, Harvard Chabad, Hillel, I've, we've, Claudine Gay, Gay, Elizabeth Magill, Sally Kornbluth, Magill, Elise Stefanik, Bill Ackman Organizations: Service, Gay, Business, Harvard, Stanford, Boston's Harvard, Women's, Harvard Gazette, Hamas, Harvard Crimson, University, Harvard Corporation, Harvard Medical School, Harvard's, of Arts and Sciences, Harvard Kennedy School of Government, of Public Health, Stanford University, Department of Veterans Affairs, Health, System, Center for Health, Center for Primary Care, Research, of Pennsylvania, MIT, New York, Corporation Locations: Illinois, Chan

☆ Harvard board accepts Claudine Gay's resignation 'with sorrow.' It says she was subjected to 'deeply personal attacks.'
▼ + stars: | 2024-01-02 | by ( Clementine Fletcher | ) www.businessinsider.com time to read: +5 min

While the Harvard Corporation and faculty members backed Gay, the pressure continued. First and foremost, we thank President Gay for her deep and unwavering commitment to Harvard and to the pursuit of academic excellence. She believes passionately in Harvard's mission of education and research, and she cares profoundly about the people whose talents, ideas, and energy drive Harvard. An economist and a physician, he is a distinguished and wide-ranging scholar with appointments at Harvard Medical School, Harvard's Faculty of Arts and Sciences, the Harvard Kennedy School of Government, and the Harvard T.H. While President Gay has acknowledged missteps and has taken responsibility for them, it is also true that she has shown remarkable resilience in the face of deeply personal and sustained attacks.

Persons: Gay, Claudine Gay's, Alan M, Garber, –, missteps, Provost Garber, of Harvard College Penny Pritzker, Timothy R, Barakett, Kenneth I, Chenault Mariano, Florentino, Tino, Cuéllar Paul J, Finnegan Biddy Martin Karen Gordon Mills Diana L, Nelson Tracy P, Palandjian Shirley M, Tilghman Theodore V, Wells, Jr Organizations: Harvard Corporation, Harvard Community, Harvard, Social Science, of Arts and Sciences –, FAS, Harvard Medical School, Harvard's, of Arts and Sciences, Harvard Kennedy School of Government, of Public Health, of Harvard College Locations: MIT's, Chan

Here are 6 signals investment bankers are watching as they pray for an M&A rebound in 2024. By contrast, activity from private equity firms "was off almost 40%," he said. In 2021, private equity firms transacted $1.5 trillion across 2,869 deals, according to Dealogic. Last year, private equity M&A made up 40% of total activity, according to Goldman Sachs. AI companies, many of which are only now being formed, need to mature, and the winners and losers need to come into focus, bankers said.

Persons: Wall, LSEG, Goldman Sachs, Vito Sperduto, Sperduto, we've, Stephan Feldgoise, Hess, Anthony J, Carfang, Cash, Goldman, Goldman's Feldgoise, Feldgoise, Mark Sorrell, I'm, Harold M, Lambert, Jerome Powell, Greg McBride, McBride, Jonathan Gray, dealmaking, Gray, Rob Chisholm, Chisholm Organizations: Fed, London Stock Exchange, Business, RBC Capital Markets, Conference Board, Conference, Federal, Goldman, Federal Reserve, Private, Bankers, DOJ, FTC, Federal Reserve Board, Bankrate, of Labor Statistics, Cisco, LSEG, Qatalyst Partners, Citi, & $ Locations: LSEG, Ukraine

☆ Hong Kong's property market won't see a strong 'V-shaped' rebound, analyst says
▼ + stars: | 2023-12-28 | 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 EmailHong Kong's property market won't see a strong 'V-shaped' rebound, analyst saysMarcos Chan, head of research at CBRE Hong Kong, says demand for residential property will nevertheless pick up, and a "couple of percentage points up" in prices is possible.

Persons: Marcos Chan Organizations: Hong Locations: Hong Kong

☆ The top 10 people in artificial-intelligence hardware
▼ + stars: | 2023-12-25 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +1 min

Jack Hidary, SandboxAQJack Hidary, the CEO of SandboxAQ. SandboxAQThe intersection of AI and quantum technology isn't talked about as much as buzzy chatbots right now — but it's a future Hidary is trying to prepare us for. His company, SandboxAQ, began life in Alphabet as a research unit nestled in the company's X building, exploring how to run quantum workloads using the same chips as those that power AI. Hidary spun the unit out in early 2022 with a nine-figure round of investment that included the former Alphabet executive chair Eric Schmidt and Marc Benioff, the CEO of Salesforce. See the full list of 100 people who make AI intelligent here.

Persons: Jack Hidary, isn't, Hidary, Eric Schmidt, Marc Benioff

☆ Singapore's 'ice cream uncles' are disappearing. Blame old age and bureaucracy.
▼ + stars: | 2023-12-24 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.

Persons: hawking, —, Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard

☆ GitHub execs say coders are rushing to use its AI coding tool despite copyright concerns
▼ + stars: | 2023-12-19 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +7 min

Last month, the company launched new updates to Copilot Chat, a chat function that can help developers troubleshoot bugs or answer coding questions. Copyright risksIn September, Microsoft announced a policy that it would provide indemnification coverage to copyright claims related to its AI-powered Copilot tools, including GitHub Copilot. If customers don't want their code included in training sets for AI, they can make their GitHub code bases private. "That's part of listening to the community and trying to understand the feedback and how can we help," McKinley said. "Others are experimenting with AI," Shani said.

Persons: GitHub, GitHub's, Shelley McKinley, McKinley, Inbal Shani, Shani, GitHub McKinley, she's, OpenAI, we've, We're Organizations: Business, Microsoft, Northern Locations: GitHub, Northern California

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Mark Zuckerberg cashed in about $190 million of Meta stock in November, marking his first sales in 2 years
▼ + stars: | 2023-12-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg sold about $190 million worth of Meta Platforms stock in November, SEC filings show. Meta shares have surged by 166% this year, virtually erasing losses in 2022. AdvertisementMark Zuckerberg cashed in about $190 million worth of Meta Platforms shares in November, marking his first disposals since 2021, after his company's stock came roaring back this year. Meta shares crashed in 2022, but have virtually erased those losses after a 166% advance this year that has crushed the Nasdaq Composite's 36% gain. AdvertisementZuckerberg and his wife, Priscilla Chan, have vowed to donate 99% of their Meta shares to good causes during their lifetimes.

Persons: Mark Zuckerberg, —, Zuckerberg, WhatsApp, Tesla, Priscilla Chan, Warren Buffett, Bill Gates, Tim Cook, Jeff Bezos Organizations: SEC, Meta, Service, Securities and Exchange Commission, Nasdaq, Bloomberg, Facebook, Big, Nvidia, Apple, Amazon Locations: Big Tech

☆ Minnie Chan: Media groups raise concerns following report of ‘missing’ Hong Kong journalist in China
▼ + stars: | 2023-12-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Press freedom groups are voicing concern for veteran Hong Kong journalist Minnie Chan following a news report that she went missing after traveling to Beijing to cover a security forum in late October. The association, a trade union which advocates for press freedom, called for friends or relatives with information to get in touch. Chan is a highly regarded journalist in Hong Kong and among international audiences who closely follow China news. China ranks 179 out of 180 in the 2023 RSF World Press Freedom Index. It is the world’s largest captor of journalists and press freedom defenders with at least 121 detained, according to the organization.

Persons: Hong, Minnie Chan, “, Chan, ”, Cheng Lei, Haze Fan Organizations: Hong Kong CNN — Press, Protect Journalists, Kyodo, China Morning, Beijing ”, China’s Foreign, Hong Kong Journalists Association, Bloomberg News, China Locations: Hong Kong, Beijing, China, Hangzhou

☆ Former researcher alleges Harvard forced her out to preserve Facebook donations
▼ + stars: | 2023-12-05 | by ( Eamon Javers | ) www.cnbc.com time to read: +13 min

WASHINGTON — Social media researcher Joan Donovan says she knows the exact moment her career began to go off the rails. "I got called into the principal's office and was questioned about why I'm talking about Facebook," Donovan said. In a statement to CNBC, Harvard Kennedy School Director of Public Affairs James Smith disputed Donovan's account of her departure. "The narrative is full of inaccuracies and baseless insinuations, particularly the suggestion that Harvard Kennedy School allowed Facebook to dictate its approach to research." Smith told CNBC that Harvard University and the Kennedy School continue to carry out misinformation and social media research to this day.

Persons: Harvard Kennedy, Joan Donovan, Donovan, John F, Frances Haugen, Haugen, Elliot Schrage, Schrage, Nick Clegg, Clegg, didn't, Douglas Elmendorf, Dean Elmendorf, Sheryl Sandberg, Sandberg, Elmendorf, Mark Zuckerberg, Priscilla Chan –, –, Zuckerberg's, Guillermo S, Hava, Eleanor V, Wikstrom, —, Chan, Public Affairs James Smith, Smith, Kennedy, Chan Zuckerberg, Donovan's Organizations: Harvard, Media Politics, WASHINGTON — Social, Harvard University, Kennedy School of Government, Dean's Council, CNBC, Meta, Facebook, Dean's, Kennedy School, Elmendorf, Harvard's Kennedy School, Twitter, Google, Washington Post, Initiative, Technology, Research, Whistleblower, Massachusetts, U.S . Department of Education's, Civil Rights, Harvard Kennedy School, Public Affairs, School, Kennedy, Media, Politics, Public, Tech, Chan Zuckerberg Initiative Locations: Malden, Harvard, Central, Dean's, FBarchive.org

☆ Evergrande shares rise over 9% as court hearing to wind up property firm is postponed again
▼ + stars: | 2023-12-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 2023. The firm was originally scheduled to face a Hong Kong court hearing on Monday over a petition from a creditor seeking to wind up the company. Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm's court hearing over its possible liquidation was postponed to Jan. 29, 2024. Top Shine, an investor in Evergrande unit Fangchebao, had filed a petition in June 2022 seeking to wind up the property firm. The agency, however, reported that creditors were unlikely to accept Evergrande's new proposal, given low recovery prospects and growing concerns about its future.

Persons: Linda Chan Organizations: Getty, Hong, Bloomberg, Reuters, Hong Kong, Evergrande, New Energy Vehicle Group Locations: NANJING, CHINA, Evergrande, Nanjing, East China's Jiangsu, Hong Kong, Hong Kong's

☆ Evergrande’s Hong Kong court ruling is big reprieve
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 4 (Reuters Breakingviews) - A Hong Kong court on Monday adjourned to next month a hearing over a petition for the liquidation of China Evergrande (3333.HK). It lobs the ball back to Beijing: the judge told Evergrande to hold direct discussion with “relevant authorities” on the revamped terms. Options are limited following the detention of the company’s Chair Hui Ka Yan in September on suspicion of unspecified crimes. It also defers a high-profile test on whether Hong Kong liquidation rulings over mainland companies would be implemented across the border more efficiently following the introduction of a limited mutual recognition pact in 2021. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Evergrande, Hui Ka Yan, Chan Ka, Neiman Marcus, Una Galani, Thomas Shum Organizations: Reuters, Hong, HK, X, Saks, Barclays, Thomson Locations: HONG KONG, Hong Kong, China, Beijing

☆ Former Harvard disinformation scholar says she was pushed out of her job after college faced pressure from Facebook
▼ + stars: | 2023-12-04 | by ( Donie O'Sullivan | Clare Duffy | ) edition.cnn.com time to read: +2 min

CNN —A nationally recognized online disinformation researcher has accused Harvard University of shutting the project she led to protect its relationship with mega-donor and Facebook founder Mark Zuckerberg. The allegations, made by Dr. Joan Donovan, raise questions about the influence the tech giant might have over seemingly independent research. Beginning in 2018, Dr. Donovan worked for the Shorenstein Center at Harvard University’s John F. Kennedy School of Government, and ran its Technology and Social Change Research Project, where she led studies of media manipulation campaigns. But last year Harvard informed Dr. Donovan it was shutting the project down, Donovan claims. The Chan Zuckerberg Initiative is the philanthropy run by Zuckerberg and his wife, Priscilla Chan, who both attended Harvard.

Persons: Mark Zuckerberg, Joan Donovan, Donovan, Harvard University’s John F, Dr, Miguel Cardona, Chan, Chan Zuckerberg, Zuckerberg, Priscilla Chan, ” Libby Liu, Frances Haugen, “ We’ve, ” Liu Organizations: CNN, Harvard University, Meta, Shorenstein, Harvard University’s, Kennedy School of Government, Technology, Research, Harvard, US Education, University, Initiative, The Washington Post, Post, Big Energy, Big Pharma

☆ How 9 hedge funds including Millennium and AQR are thinking about AI — and the 11 experts leading the charge
▼ + stars: | 2023-12-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

And while Wall Street is no stranger to AI and machine learning, recent advances in generative AI have opened up new possibilities. It's still early days, but hedge funds are investing in AI research, human capital, and technology to harness AI's potential and find an investing edge. Millennium Management and ExodusPoint recently hired AI leaders from Bloomberg and Balyasny Asset Management. The executives have worked on Wall Street, in Silicon Valley, and the upper echelons of academia. Here are 11 AI experts to know at some of Wall Street's biggest hedge funds

Persons: It's, ExodusPoint, aren't Organizations: Business, Millennium Management, Bloomberg, Balyasny, Management, Man Locations: Silicon Valley, Wall

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