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☆ Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.

Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine

☆ ‘Monster Fracks’ Are Getting Far Bigger. And Far Thirstier.
▼ + stars: | 2023-09-25 | by ( Hiroko Tabuchi | Blacki Migliozzi | ) www.nytimes.com time to read: +23 min

Dallas TEXAS Austin Houston San Antonio Dallas TEXAS Austin Houston San Antonio TEXAS TEXAS Amarillo Lubbock Dallas El Paso TEXAS Austin Houston San Antonio Corpus Christi UNCHARTED WATERS ‘Monster Fracks’ Are Getting Far Bigger. Water wells that supply fracking Nationwide, fracking has used up nearly 1.5 trillion gallons of water since 2011. Now they account for almost two out of every three fracking wells in Texas, the Times analysis found. ‘Monster fracks’ take off in Texas Proportion of fracks Source: FracFocus chemical disclosure database as of Aug. 1, 2023. In 2020, New Mexico halted sales of water supplies to oil and gas companies fracking on state land.

A view shows the placards of the political parties in front of the European Central Bank (ECB) building in Frankfurt, Germany, September 14, 2023. The central bank for the 20 countries that use the euro has already raised interest rates 10 times to record levels but inflation remains well above its 2% target. ECB President Christine Lagarde said last week that policymakers had not discussed the bond-buying schemes at their latest policy meeting. She described the PEPP as the ECB's "first line of defence" to preserve policy transmission - central bank jargon for bond market stability in the most indebted countries. Slovenian central bank governor Bostjan Vasle recently backed selling bonds bought under the ECB's older Asset Purchase Programme, which is less flexible than the PEPP.

Persons: Wolfgang Rattay, Christine Lagarde, Bostjan Vasle, Peter Kazimir, Catherine Evans Organizations: European Central Bank, REUTERS, Central Bank, Reuters, ECB, Thomson Locations: Frankfurt, Germany, Italy, FRANKFURT, Athens, Slovenian, PEPP, Sintra

☆ MTU CFO: will talk to Pratt & Whitney about compensation for 700 mln euro cash flow hit
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsBERLIN, Sept 13 (Reuters) - MTU Aero Engines (MTXGn.DE) will talk to U.S. partner Pratt & Whitney about compensation for an estimated 700 million euro hit to its cash flow caused by problems with its partner's geared turbofan engines, the German aircraft engine maker's chief financial officer said on Wednesday. The problems would not markedly affect the current year but will result in a hit to cash flow of about 700 million euros ($751.45 million), which will be felt mainly in 2024 and 2025, with some spillover in 2026, according to CFO Peter Kameritsch. MTU said in a statement earlier on Wednesday that it is considering leaving the "significant resulting charges" on reported revenue and earnings figures for 2023 out of its current year guidance. ($1 = 0.9315 euros)Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Pratt, Peter Kameritsch, Kameritsch, Lars Wagner, Christina Amann, Miranda Murray, Rachel More, Elaine Hardcastle Organizations: International Paris Air, Le, REUTERS, Rights, Aero, Whitney, German, Pratt & Whitney, RTX Corp, Thomson Locations: Le Bourget, Paris, France

LONDON (AP) — Britain is rejoining the European Union’s $100 billion science-sharing program Horizon Europe, the two sides announced Thursday, more than two years after the country's membership became a casualty of Brexit. British scientists expressed relief at the decision, the latest sign of thawing relations between the EU and its former member nation. Britain is also rejoining Copernicus, the EU space program’s Earth observation component. Relations between Britain and the bloc were severely tested during the long divorce negotiations that followed Britain’s 2016 vote to leave the EU. British scientists, who feared Brexit would hurt international research collaboration, breathed sighs of relief at the Horizon deal.

Persons: Copernicus, ”, Ursula von der Leyen, Rishi Sunak, “, Sunak, Boris Johnson, Johnson, Paul Nurse, Francis Crick, didn’t, Peter Kyle Organizations: EU, Horizon, Northern, Republic of Ireland, Labour Party, Labour Locations: Britain, EU, Northern Ireland, Republic of, Europe

But speaking on Wednesday, the last day before the ECB's self-imposed quiet period, the Dutch, French, German and Slovak central bank chiefs all said the Governing Council's decision was still open. France's Francois Villeroy de Galhau hinted that a fresh rate hike could still come at a later date and argued that the slowdown is not a recession and that the ECB needed to persevere in its fight with inflation. Slovakia's Peter Kazimir, an outspoken policy hawk, was more explicit, arguing that another hike was still needed to tame inflation. He said the ECB could delay a rate rise to one of its autumn meetings or pull the trigger next week. "It would be wrong to bet on a rapid decrease in interest rates after the peak," Nagel told German business daily Handelsblatt.

Persons: Nagel, France's Francois Villeroy de Galhau, Peter Kazimir, Kazimir, Klaas Knot, Bundesbank, Joachim Nagel, " Nagel, Robert Holzmann, Mario Centeno, Akanksha Khushi, Catherine Evans Organizations: Central Bank, ECB, Bloomberg, Reuters Global Markets, Thomson Locations: FRANKFURT, PARIS, Slovak

☆ You Know You’re Getting Old When Your Bartenders Retire
▼ + stars: | 2023-08-31 | by ( Peter Khoury | ) www.nytimes.com time to read: +1 min

You know you’re getting old when your bartenders start retiring on you. Good bartenders are welcome anchors in this ever-changing, once-nocturnal city — particularly for those of us who keep late hours. (I’ve been an editor at The Times for a quarter century, working mostly at night.) He routinely worked Times holiday parties, goodbye parties, promotion parties — all while maintaining his good cheer and crafting tasty Negronis and Manhattans. That “Phantom” thing, which played at the Majestic Theater across 44th Street and closed in April, lasted a mere 35 years.

Persons: I’ve, It’s, Joe, Duffy Organizations: The Times, Heineken, Majestic Theater

☆ Piper Sandler upgrades little-known car wash stock, says shares could climb more than 70%
▼ + stars: | 2023-08-28 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Investors are overlooking the growth potential of car wash chain Mister Car Wash , according to Piper Sandler. Analyst Peter Keith upgraded the stock to overweight from neutral and raised his price target by $3 to $12. "Unit growth slowdown is in the process of happening (due to higher interest rates, a more strained sale leaseback environment, and competitor difficulties operating a car wash chain at scale)," Keith wrote. Shares of Mister Car Wash popped more than 10% early Monday. Despite its pullback, and its valuation reaching an all-time low as a public company, Keith noted that Mister Car Wash is "widely viewed as a top-tier operator" by competitors, suppliers, and landlords in the industry.

Persons: Piper Sandler, Peter Keith, Keith, CNBC's Michael Bloom

☆ The Eternal Search for the ‘Nemesis Bird’
▼ + stars: | 2023-08-26 | by ( Joe Trezza | ) www.nytimes.com time to read: +1 min

In the world of birding, Peter Kaestner stands alone. No one has seen and identified more birds than Mr. Kaestner, a retired U.S. diplomat who aspires to become the first birder to spot 10,000 of the planet’s roughly 11,000 avian species. With 9,697 on his eBird list so far, he is getting close. Yet for all the birds he has looked for and found, there remain a few that he has looked for and not found. “I made four 10-hour trips to twitch it, to no avail,” Mr. Kaester wrote in an email.

Persons: Peter Kaestner, Kaestner, Kaestner’s, “, Mr, Kaester Locations: U.S, Congo, Central, Frankfurt

☆ 5 real-estate investors who 'house hacked' to afford their first properties explain how the strategy works and can help anyone build wealth
▼ + stars: | 2023-08-14 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

If you're looking to get into real estate, house hacking is a strategy worth considering. Insider spoke to investors who used house hacking to get their start and build equity quicker. One strategy that first-time homebuyers looking to break into the market could consider is called "house hacking." Here are five individuals who used house hacking to get their start and build equity quicker while lowering their overall risk. He was bringing in $3,600 per month in rental income, which more than covered his $3,300 mortgage payment.

Persons: it's, Peter Keane, Rivera, Rivera Peter Keane, Keane, Todd Baldwin, Todd Baldwin Seattle, Avery Heilbron, Heilbron, Ali, Josh Lupo, Josh Lupo Ali, they'd, Josh Organizations: Service Locations: Wall, Silicon, America, Seattle, Boston, New York

Going "car-lite" and cutting nonessential car travel can be an affordable, impactful choice. That may sound expensive, but even a used car in the US now costs about $32,000. Even a brand-new, high-end bike costs about 90% less than the average used car. Public transit costs vary, but one household can save $10,000 a year by using public transportation instead of a car. Smart's research shows that families with a car experience an average income growth of 1% every two years.

Persons: Sonja Langford, Charlotte , North Carolina —, Langford, she's, Peter Krull, Krull, Michael Smart, Smart, Langford isn't Organizations: Service, University of North, Transportation, Earth Equity Advisors, Tesla, Rutgers University, Subaru, Charlotte, Bloomberg, Research Locations: Wall, Silicon, Charlotte , North Carolina, University of North Carolina, Asheville , North Carolina, Los Angeles

☆ Amazon CEO Andy Jassy now has 16 direct reports. See the growing and evolving list here, including a newly promoted executive from Alexa.
▼ + stars: | 2023-07-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy recently expanded his group of direct reports. Jassy has added at least 8 new executives to his direct reports since becoming CEO in 2021. Amazon recently created a new AI group that reports to CEO Andy Jassy. In his 2 years since becoming CEO, Jassy has added or replaced at least 8 executives in his top leadership team. (Jassy's direct reports are different from the S-team, a group of more than two dozen most senior decision-makers at Amazon).

Persons: Andy Jassy, Rohit Prasad, Prasad, Doug Herrington, Adam Selipsky, Brian Olsavsky, Jassy, There's, Dave Clark, Jay Carney, Jeff Blackburn, James Hamilton, Mike Hopkins, Eric Remling, Beth, Dave Limp, David Zapolsky, Drew Herdener, WW Communications Eric Rimling, Paul Kotas, Peter Krawiec, Alexa Stacey Pistole, Steve Boom, Steve Schmidt, Eugene Kim Organizations: Amazon, Alexa, Business, Amazon Studios, Amazon Devices, WW Amazon, WW Communications, Amazon Video, Corporate Locations: It's

☆ Fact Check-Surviving cameras do not prove nuclear tests are ‘fake’
▼ + stars: | 2023-07-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Cameras used to film nuclear tests were placed far enough away from the test site or designed to withstand the blast and radiation. However, photography of nuclear tests has been well documented since 1945, with safeguards such as camera distance and special design features to withstand explosions. Footage by the Federal Civil Defense Administration of 1950s nuclear tests is viewable (here). The world’s first nuclear test was conducted by the United States in 1945, known as the Trinity test. It is well documented that cameras or film can survive nuclear tests and is not proof that footage of the tests is fake.

Persons: “, Joe Rogan, Alan Carr, ” Carr, Peter Kuran, ”, Carr, Kuran, Annie, Read Organizations: United, YouTube, Federal Civil Defense Administration, CNN, Los Alamos National Laboratory, Trinity, Atomic Heritage Foundation, White, Missile, Museum, Teapot, Defense Technical, Operation Teapot, Reuters Locations: United States

Copper M&A more than doubled in 2002 to $14.24 billion from the previous year, according to an S&P Intelligence report. "So the large miners are saying it is difficult to build new supply, so let's just buy companies," McDonald said. Copper prices have been gradually losing steam since hitting their strongest levels in over seven months in January when optimism abounded about the reopening of China. The lower copper price presents M&A opportunities for Hudbay, Kukielski said, but it will also get "squeezed" if the price of copper falls below $3.50. With lack of large mines up for grabs, he is expecting that large miners will be looking to expand their production by acquiring smaller mines.

Persons: Lundin, Newmont, Stuart McDonald, Taseko, McDonald, Antaike, Peter Kukielski, Kukielski, Minto Metals, Aaron Colleran, Colleran, David Lennox, Divya Rajagopal, Melanie Burton, Denny Thomas, Marguerita Choy Organizations: TORONTO, Reuters, Nippon Mining, Metals, P Intelligence, Taseko, London Metal Exchange, Reuters Graphics Reuters, Hudbay, Japan's Sumitomo Corp, Minto Metals, Yukon, Royal Bank of Canada, Quantum Minerals, Ivanhoe Mines, Capstone, Barrick Gold, Bloomberg News, Barrick, AIC Mines, AIC, Sydney, Thomson Locations: SYDNEY, Toronto, Chile, Vancouver, Arizona, China, Hudbay, Canada, Yukon, Ivanhoe, Australia, Queensland, Melbourne

CNN —Devastating floods causing havoc across northern India have reached the iconic Taj Mahal in a rare event that experts warn could become a regular occurrence as the climate crisis brings ever more extreme weather. While floods occur regularly in the area during India’s monsoon season from June to September, experts say climate change is increasing their frequency and severity. India, the world’s most populous nation, is one of the countries worst affected by the climate crisis, according to the Intergovernmental Panel on Climate Change (IPCC) – potentially affecting 1.4 billion people nationwide. Ancient Buddhist cave murals and statues along China’s Silk Road, dating back to the 4th century, are under “direct threat” from extreme rainfall brought by climate change, researchers found. And in South Korea, heavy rain has damaged dozens of cultural heritage sites, the country’s Cultural Heritage Administration (CHA) said Tuesday.

Persons: Taj, Taj Mahal, Peter Kalmus, Mahal Organizations: CNN, Survey, India, NASA, Heritage Administration Locations: India, floodwater, Agra, Uttar Pradesh, Asia, South Korea

☆ Expedia CEO Peter Kern on One Key rewards program, summer travel demand, A.I. impact
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpedia CEO Peter Kern on One Key rewards program, summer travel demand, A.I. impactPeter Kern, CEO of Expedia, joins 'Squawk Box' to discuss the company's new One Key rewards program, summer travel demand, the impact of A.I., and more.

Persons: Peter Kern

☆ Opinion | Was the Supreme Court Right to Block Biden’s Student Loan Forgiveness Plan?
▼ + stars: | 2023-07-04 | by ( ) www.nytimes.com time to read: +1 min

How have higher education fees soared so high that so many students are forced to borrow big dollars to pay the bills? Has the quality of our higher education in any way tracked these rising costs? Stephen BlankNew YorkThe writer is a retired professor of international business at Pace University. To the Editor:We should not ignore the impact of the way student loans are structured. The student loan industry is preying upon people for whom borrowing may be the only option to receive a college education.

Persons: Peter Kestenbaum, Stephen Blank Organizations: Stephen Blank New, Pace University Locations: Peter Kestenbaum Philadelphia, Stephen Blank New York

☆ Fireworks cause $59 million of property damage a year. Your insurance policy may cover it
▼ + stars: | 2023-07-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Renphoto | E+ | Getty ImagesWhat homeowners and renters insurance likely coverThe typical homeowners insurance policy has two coverage areas. The second is for liability; this covers you if you're liable for injury or property damage to another person, perhaps a friend or neighbor harmed by an errant firework. Fireworks caused $59 million in direct property damage in 2021, according to the most recent data from the National Fire Protection Association. Homeowners policies generally cover fire damage, whether to the house, patio furniture or other property, Passmore said. Insurance policies generally carry exclusions.

Persons: Robert Passmore, Passmore, they're, Kochenburger, Peter Kochenburger Organizations: National Fire Protection Association, American, Casualty Insurance Association, NFPA, University of Connecticut Locations: U.S

☆ Alan Arkin, Comic Actor With a Serious Side, Dies at 89
▼ + stars: | 2023-06-30 | by ( Robert Berkvist | Peter Keepnews | ) www.nytimes.com time to read: +1 min

His son Matthew Arkin said that Mr. Arkin, who had heart ailments, died at home. Mr. Arkin was not quite a show-business neophyte when he was cast in the 1963 Broadway comedy “Enter Laughing,” Joseph Stein’s adaptation of Carl Reiner’s semi-autobiographical novel about a stage-struck boy from the Bronx. He had toured and recorded with the Tarriers, a folk music group, and he had appeared on Broadway with the Second City, the celebrated improvisational comedy troupe. In a cast that included established professionals like Sylvia Sidney and Vivian Blaine, Mr. Arkin stole the show and won the hearts of the critics. “‘Enter Laughing’ is marvelously funny, and so is Alan Arkin in the principal role,” Howard Taubman wrote in The New York Times.

Persons: Alan Arkin, Matthew Arkin, Mr, Arkin, Joseph Stein’s, Carl Reiner’s, Sylvia Sidney, Vivian Blaine, “, ” Howard Taubman Organizations: Broadway, Calif, Second, The New York Times Locations: San Marcos, Bronx, Second City

☆ Sheldon Harnick, ‘Fiddler on the Roof’ Lyricist, Dies at 99
▼ + stars: | 2023-06-23 | by ( Robert Berkvist | ) www.nytimes.com time to read: +1 min

“Lady Bird: First Lady of the Land,” an opera about Lady Bird Johnson, for which he wrote the libretto and Henry Mollicone wrote the music, had its premiere in Texas in 2016 and has been performed in New York and elsewhere. In an interview with The Times, he said that he had no thoughts of retirement, and that he continued to attend every show on Broadway, as he had for many years. He added that he was working on a new show of his own. “I hope I live long enough to complete it,” he said. “I won’t tell you what idea I have, because you’ll steal it.”Robert Berkvist, a former New York Times arts editor, died in January.

Persons: Harnick, ”, Bizet’s “ Carmen, Jinks, Horse Marines ”, Jack Beeson, Norton Juster, Arnold Black, Bird, Lady Bird Johnson, Henry Mollicone, “, ” Robert Berkvist, Peter Keepnews Organizations: Horse Marines, The Times, New York Times Locations: Texas, New York, “ Dragons

☆ Smaller-than-expected Turkey rate hike hits lira, bonds
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 22 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first rate meeting on Thursday, sending the lira and the country's dollar-denominated sovereign bonds sharply lower. The bank lifted its key rate 650 basis points to 15% compared to the median of 21% expected in a Reuters poll. "On the other hand they are promising more tightening ahead... so you have to give them the benefit of the doubt." "I am more worried about the medium-term outlook which is likely to see further lira depreciation. TIM ASH, EM SENIOR SOVEREIGN STRATEGIST, BLUEBAY ASSET MANAGEMENT"Ouch - disappointing.

Persons: Hafize Gaye Erkan, PIOTR MATYS, Erkan, Erdogan, PETER KISLER, JON HARRISON, Amruta Khandekar, Ali Kucukgocmen, Marc Jones, Libby George, Karin Strohecker, Hugh Lawson Organizations: Thomson

[1/5] Participants react with Pride rainbow flags as they attend the Badilika festival to celebrate the LGBT rights in Nairobi, Kenya, June 11, 2023. Some regional lawmakers frame the issue as an almost existential battle to save African values and sovereignty, which they say have been battered by Western pressure to capitulate on gay rights. Spokespeople for the Kenyan presidency and government didn't respond to requests for comment about the proposed bill. Several called for legislation to strengthen penalties for same-sex acts, including the deputy majority leader, who said gay sex could be punished by hanging. President William Ruto, an evangelical Christian, has criticized a February supreme court decision allowing an LGBT rights group to register as a non-governmental organization.

Persons: Mohamed Ali doesn't, Ali, Weeks, Bill, Yoweri Museveni, Annette Atieno, John Agany, Jacqueline Ngonyani, Ngonyani, Damas Ndumbaro, William Ruto, Peter Kaluma, Uganda's, Kaluma, U.S . State Department didn't, Stella Kachina, Marylize Biubwa, Lorna Dias, Dias, Nuzulack Dausen, Waakhe Simon Wudu, Daphne Psaledakis, Estelle Shirbon, Aaron Ross, Pravin Organizations: REUTERS, Reuters, Kenyan, National Gay, Human Rights Commission, U.S . State Department, East, NAIROBI PRIDE, Gay and Lesbian Coalition of, Thomson Locations: Nairobi, Kenya, Uganda, Tanzania, South Sudan, NAIROBI, East Africa, Juba, United, Africa, Entebbe, Gay and Lesbian Coalition of Kenya, Ruto, Dar es, Washington

☆ Fact Check-Did Biden break Flag Code during White House Pride event? Experts weigh in
▼ + stars: | 2023-06-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

A Reuters photo of the flag display with the Progress Pride flag hanging between two U.S. flags can be seen (here). The Progress Pride flag is a reimagined version of the traditional Pride Flag, with added stripes (white, pink, light blue, black and brown) to represent the Trans community as well as minority or marginalized communities (here), (here). Other critics were less specific, saying the Progress Pride flag was displayed as more prominent overall. Consulted by Reuters Fact Check, vexillologists (flag experts) offered different perspectives on whether the White House display was a violation of the Flag Code. The U.S. flag on top of the White House can be seen in photos from the Pride celebration (here), (here), (here).

Persons: Joe Biden, Charles Spain, observer’s, Peter Keim, ”, Keim, “, Scot Guenter, Guenter, Read Organizations: White, Congressional Research Service, Reuters, Flag Research Center, U.S, ”, FRC, Facebook, Flag Foundation, San Jose State University, American Vexillological Association, NAVA, “, U.S . Locations: U.S, ” Spain, ”, American

☆ Not Your Father’s Pinball Arcade. But Maybe Your Mother’s.
▼ + stars: | 2023-06-09 | by ( Peter Kujawinski | ) www.nytimes.com time to read: +1 min

The store was called Video Hits Plus, with the Plus maybe referring to the basement attractions, which, in addition to the pinball machines, included an air hockey table and a pornographic video section. This was around the time that pinball machines, after nearly dying out in the early 2000s from competition with home gaming consoles, started becoming more popular again. Many of these events were sanctioned by the International Flipper Pinball Association, which ranks players globally. The back of the store housed a selection of pinball machines, and if you bought something, you could play the machines for free. In 2014, James Zespy, the owner of the store, transformed it into a pinball and arcade bar called Logan Arcade.

Persons: Rachel Karlic, Rebecca Hinsdale, Kate Porter, James Zespy Organizations: Western Michigan University, Pinball Association Locations: Chicago, Logan

☆ Priceline joins A.I. chatbot race, signing on with Google to help ease travel booking
▼ + stars: | 2023-06-06 | by ( Seema Mody | ) www.cnbc.com time to read: +2 min

Booking , Expedia and Airbnb are among travel companies looking for ways to ease the booking process and help consumers more swiftly make plans. This tool will help you narrow that down pretty quickly," Priceline CEO Brett Keller told CNBC. The generative AI tools from Google will allow prospective travelers to communicate with a chatbot in a conversational way when making plans and receive personalized hotel bookings. Google Cloud is providing the tools and capabilities to help Priceline collect and scrub data that can then be used to help customers. Earlier this year, Expedia was among the first players to signal its investment in generative AI.

Persons: Brett Keller, Keller, Carrie Tharp, Tharp, Expedia, Peter Kern, Brian Chesky, you'll Organizations: Apple, CNBC, Google

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