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The nominating window closes March 14, and it is unclear if it is two or three nominees, Faber said on " Squawk on the Street ." The slate will likely include Jesse Cohn who runs the activist practice at Elliott, according to people familiar with the situation, but Faber said his position hasn't been confirmed. Activist investor Elliott Management has nominated a slate of directors for Salesforce 's board, sources told CNBC's David Faber on Wednesday. Elliott Management unveiled its multibillion-dollar investment in Salesforce in January, and the company said ValueAct Capital CEO Mason Morfit will join its board this month. Dan Loeb's hedge fund, Third Point, has also built a position in the company, CNBC confirmed in February.

☆ Mexican president says Tesla will build a new plant in Mexico
▼ + stars: | 2023-02-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tesla will build a new plant in Monterrey, Mexico, and adhere to a series of commitments to address water scarcity, the nation's president announced at a press conference Tuesday. He said the company will reveal more information about the new plant during its Investor Day event Wednesday. AMLO said he spoke to Tesla CEO Elon Musk on Friday and Monday. "I want to thank Mr. Elon Musk, who was very respectful and understood the importance of addressing the problem of water scarcity," AMLO said. Tesla's Investor Day will be live-streamed on Twitter and YouTube from Texas Wednesday.

☆ EU narrows antitrust case against Apple over rules for music services like Spotify
▼ + stars: | 2023-02-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

The European Union on Tuesday sent Apple an updated list of objections as part of an ongoing antitrust case over its App Store rules for music streaming providers like Spotify . The European Commission, the EU's executive arm, opened an antitrust investigation into Apple in 2020 after Spotify complained about Apple's license agreements in 2019. The agreements mean that app developers have to pay a 30% commission on all subscription fees that come through the App Store. Spotify, a direct competitor of Apple Music, is "by far" the most popular music streaming service in the U.S. and U.K., among other countries, according to a report by economists at the Analysis Group. IPhone users in the U.S. spend 50% more time on Spotify than Apple music, and in the U.K., the gap is even larger, the report said.

☆ Palantir to cut about 2% of employees, roughly 75 jobs
▼ + stars: | 2023-02-27 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Palantir confirmed on Monday that it's cutting about 2% of its workforce as layoffs continue to hammer the tech industry. The layoffs will impact roughly 75 people based on the company's latest SEC report in December, which showed it had 3,838 employees. A spokesperson told CNBC that the company plans to continue hiring in areas of strategic importance. Palantir is the latest tech company to announce layoffs as the industry reckons with a slowdown following over a decade of unbridled growth. In January, Google revealed plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce said it planned to cut 7,000 jobs.

☆ Microsoft brings its A.I. chatbot to Bing app on iPhone and Android
▼ + stars: | 2023-02-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Yusuf Mehdi, Microsoft Corporate Vice President of Modern Life, Search, and Devices speaks during an event introducing a new AI-powered Microsoft Bing and Edge at Microsoft in Redmond, Washington on February 7, 2023. Microsoft on Wednesday announced the preview release of its new Bing and Edge apps for iPhone and Android, which include new features like voice search and access to its AI chatbot. Users will also be able to access updates to Bing through the homepage of the Edge mobile app, Microsoft said. People can ask Bing for suggestions on travel, or ask about the weather or about recent award shows, for example. Similar to the Bing mobile app, answers can be displayed in bullet points, simplified responses or text format.

☆ Elon Musk's lawyer asks court to throw out 'Twitter sitter' deal with SEC
▼ + stars: | 2023-02-21 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

vFollowing Elon Musk's recent victory in a securities fraud trial, the Tesla CEO's lawyer has once again asked an appeals court to throw out his 2018 deal with the Securities and Exchange Commission requiring a company lawyer to review his Tesla-related tweets before sharing them. On Feb. 3, a jury in a in a San Francisco federal court found that Musk and Tesla were not liable in a class-action securities fraud trial stemming from tweets Musk made in 2018. Trading in Tesla was halted after his tweets, and its share price remained volatile for weeks. Musk and the SEC did not immediately respond to requests for comment. Attorneys for the shareholders who sued Musk and Tesla over the take-private related tweets still have time to file for an appeal.

☆ Meta is rolling out a new paid verification subscription service for Instagram and Facebook users
▼ + stars: | 2023-02-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Visitors take photos in front of the Meta (Facebook) sign at its headquarters in Menlo Park, California, on December 29, 2022. Meta is rolling out a new paid verification subscription service called Meta Verified, CEO Mark Zuckerberg announced in an Instagram update Sunday. Meta has historically granted verification to notable users like politicians, executives, members of the press and organizations to signal their legitimacy. The company's new subscription service is similar to Twitter's revamped service called Twitter Blue, which also grants users a verification badge if they pay a monthly fee. Twitter launched its updated Twitter Blue subscription service in December after the company's new owner Elon Musk pulled and delayed the initial launch in November.

☆ U.S. officials address mounting tensions between U.S. and China during Munich Security Conference
▼ + stars: | 2023-02-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

The officials met on the margins of the Munich Security Conference, where leaders from around the world gathered to discuss geopolitical challenges. Blinken said he thinks other countries "appreciate" the fact that the United States has "exposed" China's balloon program. He told NBC there are "various kinds" of lethal aid that China is considering providing, including weapons. Blinken said China has already been aiding Russia in more diplomatic ways, but that sending lethal aid would be a significant escalation. Sen. Lindsey Graham, R-S.C., also appeared at the Munich Security Conference, and he told ABC that if China does provide Russia with lethal aid, the world needs to "come down hard" on China.

☆ Brain implant startup backed by Bezos and Gates is testing mind-controlled computing on humans
▼ + stars: | 2023-02-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +7 min

Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, using his BCI. Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, was the first person in the world to tweet using a BCI device. About 20 months earlier, O'Keefe was implanted with Synchron's BCI. Synchron's technology has caught the attention of its competitors. Source: SynchronIn January, the medical journal JAMA Neurology published the peer-reviewed, long-term safety results from a trial of Synchron's BCI system in Australia.

The documents were publicly released for the first time this week as part of Dominion Voting Systems' $1.6 billion lawsuit against Fox Corp and its cable TV networks. Dominion, Fox Corp and Fox News filed their motions for summary judgment this week, which unveiled evidence from months of discovery and depositions that had been private until this point. Fox News anchors, as well as top Fox Corp brass including Rupert Murdoch and Lachlan Murdoch, were questioned in recent months. In court papers Thursday, Fox Corp said it had "no role in the creation and publication of the challenged statements – all of which aired on either Fox Business Network or Fox News Channel." But he's not going to destroy us," court papers show.

☆ Zillow stock up following fourth-quarter earnings
▼ + stars: | 2023-02-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Shares of Zillow popped more than 3% Wednesday in extended trading after the company released fourth-quarter earnings that beat analysts' expectations on top and bottom lines. The company's Internet, Media and Technology segment's revenue came in at $417 million, a decline of 14% year over year. That segment, which represents the bulk of the company's business, includes various services for agents and consumers. Traffic to Zillow's mobile apps and websites reached 198 million average monthly unique users for the fourth quarter, flat year over year. The company will hold its quarterly call with investors at 5 p.m.

☆ Roblox stock up 24% after fourth-quarter earnings report beats estimates
▼ + stars: | 2023-02-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Shares of Roblox popped 24% Wednesday after the company reported fourth-quarter earnings that beat analysts' expectations on top and bottom lines. Roblox reported $770.1 million in bookings in the year-ago quarter. Roblox reported 58.8 million average daily active users, up 19% from a year earlier. The company reported a net loss of $289.9 million for the quarter, which ended Dec. 31. Roblox reported a net loss of $143.3 million for the same period in 2021.

☆ Founder who sold his startup to Google says the company has lost its mission, is mismanaged and has no sense of urgency
▼ + stars: | 2023-02-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

A former Google employee said the company has lost its way, writing in a recent blog post that Google is inefficient, plagued by mismanagement and paralyzed by risk. Praveen Seshadri joined the company at the start of 2020 when Google Cloud acquired AppSheet, which Seshadri co-founded. Instead of working to serve customers, Seshadri argued most employees ultimately serve other Google employees. Every line of code, every launch, non-obvious decisions, changes from protocol and disagreements are all risks that Googlers have to approach with caution, Seshadri wrote. Seshadri said Google has a chance to turn things around, but he doesn't think that the company can continue to succeed by merely avoiding risk.

☆ Airbnb beats on profit and revenue, stock is up
▼ + stars: | 2023-02-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Here's how the company did:EPS: 48 cents vs. 25 cents expected by analysts, according to Refinitiv. 48 cents vs. 25 cents expected by analysts, according to Refinitiv. Revenue: $1.90 billion vs. $1.86 billion expected by analysts, according to Refinitiv. Revenue for the fourth quarter was up 24% year over year. Average daily rates decreased by 1% from a year ago to $153 in the fourth quarter.

☆ Tesla employees launch New York union campaign
▼ + stars: | 2023-02-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tesla employees in New York have launched a campaign to organize a union with Workers United Upstate New York, according to a release posted to Twitter Tuesday. The union, Tesla Workers United, would be the first for Tesla if it is formed. "We want Tesla to be the company we know it can be," the workers wrote in the release. In 2018, Musk shared a tweet that said employees would lose stock options if they formed a union. The next step for organizers is to collect signatures from employees saying they want a union.

☆ Shares of Palantir pop 19% as it reports first profitable quarter
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Palantir popped more than 19% in extended trading Monday after the company released fourth-quarter earnings that beat analysts' estimates on top and bottom lines. Palantir's revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%. The company also reported its first ever quarter of positive net income on a GAAP basis, at $31 million. Palantir said it expects to report between $503 million and $507 million in revenue during its first quarter, and between 2.18 billion and 2.23 billion for the full year. In 2018, Palantir generated a total of $38 million from its commercial U.S. business, but as of 2022, it generated $335 million, Karp said.

☆ Meta's chief business officer will leave the company after 13 years
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Meta 's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. Levine was named Facebook's chief business officer in the summer of 2021, a few months before it changed its name to Meta to indicate its focus on the yet-to-be-developed metaverse. "I'm grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day."

☆ Twilio to lay off about 1,500 employees, or 17% of its workforce
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Twilio on Monday announced plans to cut around 17% of its workforce, or roughly 1,500 jobs based on the 8,992 employees reported as of Sept. 30, 2022, in a company filing with the Securities and Exchange Commission. Twilio announced the layoffs in a blog post shared on its website. Lawson said Twilio is forming two business units to help the company spend less and become more efficient. One unit, Twilio Data & Applications, will be led by Elena Donio, and the second unit, Twilio Communications, will be led by Khozema Shipchandler. In January, Google revealed plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce said it planned to lay off 7,000 workers.

☆ As new high-altitude objects are shot down over North America, lawmakers say they need more information
▼ + stars: | 2023-02-12 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

A jet flies by a suspected Chinese spy balloon as it floats off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. On Feb. 4, the U.S. military shot down a suspected Chinese spy balloon that had been transiting across the country for several days. The White House announced a second object had been shot down on Friday that was flying over Alaska at about 40,000 feet. Gen. Pat Ryder said Canadian authorities are conducting recovery operations to help both countries learn more about the nature of the object downed in Canada. He said he suspects that since the objects were downed in remote areas, there is not a lot of information to share yet.

☆ Radioligand therapy, a 'game-changer' for cancer treatment, forces manufacturers to race against a ticking clock
▼ + stars: | 2023-02-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +12 min

Ash from the eruption disrupted flights across Europe — including a time-sensitive shipment of experimental radioligand therapy that Sartor was expecting from Norway. Radioligand therapy, also called radionuclide or radiopharmaceutical therapy, is a targeted form of cancer treatment that delivers radiation directly to cancer cells. Once the radioactivity decays, it can no longer kill the cancer cells as effectively, which means radioligand therapy has a limited window of viability. Expensive to produce and ship fastNuclear medicine has been used to treat cancer for decades, and radioligand therapy itself is not new. In 2008, he traveled to a medical conference in Toronto where he heard about radioligand therapy for the first time.

☆ Elon Musk's Neuralink is under investigation for possible unsafe transport of contaminated hardware
▼ + stars: | 2023-02-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +5 min

Elon Musk's brain-computer interface company Neuralink is being investigated by the U.S. Department of Transportation for allegedly packaging and transporting contaminated hardware in an unsafe manner, a DOT spokesperson confirmed to CNBC. PCRM claimed the materials were not properly contained or transported, possibly because Neuralink employees had not received proper safety training. The staffer wrote that if Neuralink employees had not completed the necessary training, UC Davis personnel were "always happy" to package and ship materials. PCRM obtained these records from UC Davis through a public information request. Representatives from UC Davis did not respond to requests for comment.

☆ Uber beats estimates and the stock is up
▼ + stars: | 2023-02-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Uber reported fourth-quarter earnings Wednesday that beat analysts' estimates. Revenue: $8.6 billion vs. $8.49 billion expected by analysts, according to Refinitiv. The company reported an adjusted EBITDA of $665 million, more than the $620 million expected by analysts, according to StreetAccount. Here's how Uber's largest business segments performed in the quarter:Mobility (gross bookings): $14.9 billion vs. 14.8 billion expected by analysts, according to StreetAccountDelivery (gross bookings): $14.3 billion vs. $14.3 billion expected by analysts, according to StreetAccount. There were 2.1 billion trips completed on the platform during the period, up 19% year over year.

☆ Alphabet shares fall 7% following Google's A.I. event
▼ + stars: | 2023-02-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

During the event Wednesday, which was livestreamed from Paris, Google executives discussed some of Bard's capabilities. Shares of Alphabet slid during the event, suggesting that investors were hoping for more in light of growing competition from Microsoft. Google's event took place just one day after Microsoft hosted its own AI event at its headquarters in Redmond, Washington. Microsoft's event centered around new AI-powered updates to the company's Bing search engine and Edge browser. Though Microsoft's latest AI investments increase the pressure on Google search, some analysts say it will take time for Microsoft to see any significant gains.

☆ Zoom to lay off 1,300 employees, or about 15% of its workforce
▼ + stars: | 2023-02-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company's website. Shares of Zoom were up 7% in afternoon trading. Yuan said the cuts will impact every organization across Zoom, and employees who are laid off will be offered up to 16 weeks of salary and health-care coverage. The company's layoff announcement marks the latest round of job cuts in the tech industry, as Dell on Monday announced plans to cut 6,650 jobs. In January, Google revealed plans to lay off more than 12,000 workers, Microsoft disclosed plans to cut 10,000 employees and Salesforce announced plans to lay off 7,000 workers.

☆ Microsoft CEO Nadella calls AI-powered search biggest thing for company since cloud 15 years ago
▼ + stars: | 2023-02-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella said on Tuesday that search powered by artificial intelligence is the biggest thing to happen to his company in the nine years he's been at the helm. "I have not seen something like this since I would say 2007-2008, when the cloud was just first coming out," Nadella told CNBC's Jon Fortt in an interview. Microsoft invited reporters to its headquarters in Redmond, Washington, for an event that centered around new AI-powered updates to the company's Bing search engine and Edge browser. Nadella said search is a very profitable business, so these developments reflect a big opportunity for Microsoft. Microsoft's event Tuesday follows the company's January announcement regarding a multibillion-dollar investment in ChatGPT-maker OpenAI.

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