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"The two leaders will highlight a half century trajectory of UAE-U.S. partnership in trade, investment and security," the Emirati ambassador to Washington, Yousef al-Otaiba, posted on X ahead of the visit. Growing investment tiesTrillion-dollar relationshipThe United States and the UAE have a trade and investment partnership that spans more than five decades. In 2023, bilateral trade between the UAE and the U.S. was worth around $31.4 billion, with U.S. exports to the UAE exceeding $24.8 billion, according to the UAE Embassy in Washington, D.C. The UAE, which produces nearly 4% of the world's oil supply, also has investments in the United States that total $1 trillion. The UAE sovereign wealth funds including the Abu Dhabi Investment Authority and Mubadala are major investors in American real estate, infrastructure and technology sectors.

Persons: Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince, Abu, Hannah McKay, Sheikh Mohammed bin Zayed Al Nahyan's, Anwar Gargash, Sheikh Mohammed's, Joe Biden, Kamala Harris, Gargash, Yousef al Organizations: Downing, Getty, United Arab Emirates, Washington , D.C, U.S, UAE, UAE Embassy, Abu, Abu Dhabi Investment Authority Locations: Abu Dhabi, London, England, United States, Washington ,, Dubai, Gaza, UAE, Washington, U.S

☆ Georgia election board requires ballots be hand-counted despite warning from key GOP state officials
▼ + stars: | 2024-09-20 | by ( Marshall Cohen | Jason Morris | ) edition.cnn.com time to read: +5 min

CNN —Allies of former President Donald Trump who control the Georgia State Election Board approved a controversial new rule Friday requiring counties to hand-count the number of ballots cast at polling places on Election Day, despite bipartisan objections from election officials and poll workers. State Election Board member Janelle King, one of the three Republican members of the state election board who was praised by former President Donald Trump last month, told reporters before the meeting that the changes are necessary. “The overwhelming number of election officials that have reached out to me have been opposed to this,” State Election Board chairman John Fervier an independent who opposed the move, said before the vote. The state election board in Georgia does not certify the results of any election. The state election board also investigates election irregularities.

Persons: Donald Trump, Chris Carr, ” Elizabeth Young, Young, Brad Raffensperger, “, ”, we’re, it’s, Janelle King, ” King, John Fervier, Trump, Sara Tindall Ghazal, King, Raffensperger, CNN’s Sara Murray, Mounira Elsamra Organizations: CNN — Allies, Trump, Democratic, GOP, Republican, Georgia, CNN, Board, Peach State Locations: Georgia, ”, Peach

☆ How to take care of leather
▼ + stars: | 2024-09-19 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +9 min

According to textile and cleaning experts we spoke with, taking care of leather goes beyond simply wiping it down occasionally. To help you with your leather pieces, we got advice on how to best care for your leather and insight on what damages it and how to use a leather conditioner. | How to take care of your leather | How to use a leather conditioner | 5 highly rated leather conditioners | Why trust NBC Select? How to take care of your leatherThe good news: Taking care of leather is relatively easy. This non-toxic leather conditioner is free of harsh solvents and silicone and can be used on all leather items.

Persons: ”, Simon Elliott, you’ll, Elliott, Salvador Villarreal, Salvador, Bethany Heitman, TikTok Organizations: NBC, ., Clifton, Salvador Villarreal, Facebook, Twitter Locations: San Diego , California

☆ Where to buy glasses online, according to editors and experts
▼ + stars: | 2024-09-19 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +11 min

SKIP AHEAD How we picked the best online eyeglasses retailers | Where to buy glasses online | Why trust NBC Select? To help guide you through buying glasses online we asked experts what to consider before shopping, and we rounded up some of the best online retailers for eyeglasses. Where to buy glasses onlineWe rounded up some of the most popular online eyeglasses retailers to make your online search for glasses easier. Those nervous about shopping online may find comfort in buying glasses from a known name in the glasses world. For this story, she interviewed two experts on where to buy glasses online.

Persons: Yuna Rapoport, — you’ll, ”, Rapoport, “, —, Thierry Hufnagel, Gucci, Kate Spade, Marc Jacobs, Ban, you’ve, Tom Ford, Versace, Prada, Persol, you’ll, Bethany Heitman, TikTok Organizations: NBC, Eyecare, Burberry, Carrera, Nike, Eyebuydirect, Armani Exchange, ”, Facebook, Twitter Locations: Manhattan

☆ Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977
▼ + stars: | 2024-09-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

"A number of ocean carriers have announced their plans in terms of embargoing export cargo coming to the East Coast from the Midwest," said Rooney. Once the strike is over the Coast Guard would lead the charge in an orderly flow of vessels entering the port." "While the APAC region typically has more options to shift freight to the West Coast, over half of the automotive freight coming in today is heavily dependent on the East Coast. Port of New York/New Jersey has joined other ports that have publicly posted strike contingency plans. The vessels scheduled to come into the East Coast and Gulf ports have been traversing the ocean since early to mid-August.

Persons: Beth Rooney, Rooney, Jim Mancini, CH Robinson, Biden, Taft, Hartley, We've, Harold Daggett Organizations: CNBC, International Longshoreman's Association, ILA, Cruise, United States Maritime Alliance, Port Authority of New, Coast Guard, Maersk, Port, Bloomberg, Getty, Transportation, U.S ., Biden, Logistics Locations: of New York, New Jersey, North America, East, Gulf Coasts, Port Authority of New York, New York, East Coast, Maersk Atlanta, Newark, Newark , New Jersey, US, North, Europe, Oceania, Latin America, Asia, West Coast, Germany, Charleston, Savannah, U.S . West Coast, Port, Houston, Mobile , Alabama

☆ Japan's Nikkei leads Asia-Pacific markets higher as investors digest outsized Fed rate cut
▼ + stars: | 2024-09-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: 1 min

The Hong Kong Monetary Authority is displayed outside Two International Finance Centre in Hong Kong on June 19, 2013. Japan's Nikkei 225 led Asia-Pacific markets higher Thursday, as traders assessed the Federal Reserve's decision to cut interest rates by a half-percentage point. The Fed lowered its benchmark borrowing rate by a half percentage point, bringing its target range to 4.75% to 5%. In lockstep with the Fed, the Hong Kong Monetary Authority cut its interest rate by 50 basis points to 5.25, as the city's currency is pegged to the greenback. Hong Kong markets will return to trade after being closed for a public holiday on Wednesday.

Persons: Hong Organizations: Hong, Hong Kong Monetary Authority, International Finance, Japan's Nikkei, Nikkei, U.S ., Fed Locations: Hong Kong, Asia, Pacific

☆ Nuclear fusion: The US led in this clean energy race for decades. Now China is in position to win
▼ + stars: | 2024-09-19 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +10 min

It’s also here, on an unassuming downtown street, a small start-up called Energy Singularity is working on something extraordinary: nuclear fusion energy. Nuclear fusion, the process that powers the sun and other stars, is painstakingly finicky to replicate on Earth. The Chinese government is pouring money into the venture, putting an estimated $1 billion to $1.5 billion annually into fusion, according to Jean Paul Allain, who leads the US Energy Department’s Office of Fusion Energy Sciences. The US was among the world’s first to move on the futuristic gambit, working on fusion research in earnest since the early 1950s. CNNThe US has been a fusion leader for decades; it was the first nation to apply fusion energy in the real world — in a hydrogen bomb.

Persons: It’s, Lam Yik Fei, Jean Paul Allain, Biden, “, it’s, ” Allain, Andrew Holland, Holland, ”, ” Holland, Damien Jemison, Lawrence, Melanie Windridge, Mikhail Maslov, Allain Organizations: CNN, 6G, Beijing outspends DC, New York Times, US Energy Department’s, Fusion Energy Sciences, Private, Nikkei . Energy, MIT, Fusion Industry Association, Princeton, Physics, American, America, Commonwealth Fusion Systems, ” CNN, China’s National Energy Administration, Lawrence Livermore National Laboratory, Fusion Energy, EAST, UK Atomic Energy Authority Locations: Shanghai, America, China, Beijing, Washington, DC, Japan, Europe, United States, Hefei, Xinhua, Massachusetts, Hiroshima, California, Lawrence Livermore

☆ Hong Kong investigators say Cathay Pacific’s A350 engine defect could cause ‘extensive’ damage
▼ + stars: | 2024-09-19 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Hong Kong aviation investigators say an engine problem that caused Cathay Pacific to ground its entire fleet of Airbus A350 jets for inspection earlier this month could have escalated into “extensive damage.”Cathay canceled dozens of flights in early September, citing the need to inspect its A350 planes after the engine issue forced a Zurich-bound flight to return to Hong Kong shortly after takeoff on September 2. The airline had previously identified an engine component failure on the affected aircraft, though it stopped short of revealing what the problem was. The AAIA recommended the European Union Aviation Safety Agency to require Rolls-Royce, the engine maker behind the popular A350 long-haul jets, to “develop continuing airworthiness information” on the problem. Following the incident, Cathay conducted a thorough inspection of its 48-strong A350 fleet and replaced components on 15 of the planes. CNN has reached out to Cathay and Rolls-Royce for comment.

Persons: Royce Organizations: Hong Kong CNN, Hong, Cathay, Airbus, Accident Investigation, European Union Aviation Safety Agency, Royce, Trent, CNN Locations: Hong Kong, Cathay Pacific, Zurich

☆ Hong Kong central bank cuts interest rate, tracks Fed move
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +1 min

People wearing face masks walk by the Hong Kong Monetary Authority on March 4, 2020 in Hong Kong. HKMA said the U.S. interest rate cut will have a positive impact on the economy of the Asia financial center and will provide some room for easing of local interest rates. "In Hong Kong, our financial and monetary markets have continued to operate in a smooth and orderly manner. "The rate cut cycle has just begun, interest rates will remain at relatively high level in the foreseeble future. The public should carefully assess and continue to manage the interest rate risk when making property purchase, mortgage or other lending decisions," Lee added.

Persons: HKMA, Howard Lee, Lee Organizations: Hong Kong Monetary Authority, Hong, HK, U.S ., U.S . Federal Reserve, Hong Kong Locations: Hong Kong, United States, U.S, Asia

Business vs. personal bank account interest rates at brick-and-mortar banks*Regional differences are possible at Regions Bank. Rates are as of July 22, 2024.Business vs. personal bank account interest rates at online banksPersonal bank accounts at online banks generally pay more than their business banking options. Business vs. personal bank account interest rates at credit unionsCredit unions also tend to offer competitive rates on business and personal bank accounts. Comparing account fees and accessibilityOpening a business bank account involves more documentation than opening a traditional bank account. Business vs. personal banking FAQsWhy might business savings accounts offer different interest rates than personal accounts?

Persons: you'll, Sophia Acevedo, Sophia, Axel Springer, Education Sophia Organizations: U.S . Bank, Business, Regions Bank, American, Consumers Credit Union, Federal Reserve, Finance, Bank, Savings, Education, California State University Fullerton, National Association of Hispanic Journalists, Angeles Locations: Florida, Alabama, U.S, Illinois, Wisconsin, California

☆ A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households
▼ + stars: | 2024-09-19 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The HOMES Act would establish a new federal housing development authority charged with building and rehabilitating more than a million permanently affordable homes. This so-called "social housing" is notably different from traditional public housing, which is entirely reserved for the poorest households. Rent for all tenants in social housing would be capped at 25% of their income. "There is another way: social housing," Ocasio-Cortez and Smith said in their op-ed. And in California, lawmakers introduced a bill to construct mixed-income social housing on government-owned land.

Persons: —, Alexandria Ocasio, Sen, Tina Smith, Cortez, Gianpaolo Baiocchi, Smith, Baiocchi, Emily Gallagher's, Kamala Harris, she's, Donald Trump, Smith —, Harris, Walz Organizations: Service, New, New York Democrat, Minnesota Democrat, Senate, Business, Urban Democracy Lab, New York Times, New York Locations: Alexandria, Cortez, New York, Minnesota, New, California, Vienna

☆ UN members vote to demand Israel end occupation of Palestinian territories within 12 months
▼ + stars: | 2024-09-18 | by ( Christian Edwards | ) edition.cnn.com time to read: +3 min

CNN —United Nations members voted overwhelmingly on Wednesday to demand that Israel end its occupation of Palestinian territories within 12 months. Fourteen countries voted against, including the United States, Hungary, Israel, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, and Tuvalu. In its advisory opinion, the ICJ said Israel should end its occupation “as rapidly as possible.” The UN’s resolution gives a 12-month timeline. During the 1967 war, Israel captured the West Bank, East Jerusalem, the Gaza Strip and the Golan heights from neighboring Arab states. The Palestinians want the West Bank and Gaza for a future state, with East Jerusalem as its capital.

Persons: Riyad Mansour, Danny Danon, Benjamin Netanyahu, Mahmoud Abbas, ” Louis Charbonneau, Israel, ”, Agnes Callamard Organizations: CNN — United Nations, UN, International Court of Justice, West Bank, Assembly, Palestinian, Human Rights Watch, HRW, Amnesty International Locations: Israel, United States, Hungary, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, Tuvalu, East Jerusalem, Palestinian, Palestine, New York, UN, Gaza, Jerusalem

The Tao cafe in Srinagar, capital of the disputed Kashmir region in India, is a bustling place. At outdoor tables shaded by majestic trees, Himalayan trout is served with loaves of fresh bread to the young, affluent Kashmiris who frequent it. They are not sure what place mostly Muslim Kashmir has in an increasingly Hindu-nationalist India. They see themselves as caught between India and Pakistan, the two powers still bitterly at odds over the region. On Wednesday, people began voting in the first election for Kashmir’s regional legislature in a decade.

Persons: it’s, Narendra Modi’s Locations: Srinagar, Kashmir, India, Pakistan

☆ The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn't discussed during the debate
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.

Persons: —, Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas

☆ How to take care of suede
▼ + stars: | 2024-09-17 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +6 min

Experts say that taking care of suede is easier than you might think — as long as you know what to do. SKIP AHEAD How to protect suede | How to clean suede | When to take your suede to a professional cleanerHow to protect suedeThe first step to caring for suede is to learn how to protect it. Suede protector sprays can easily be found at retailers like Amazon, Walmart and Target and must be reapplied regularly to maintain effectiveness. Brushing suede is good for maintenance, but if you spot a stain on your suede, you’ll need to go a step further. Best suede brushesBest suede erasersWhen to take your suede to a professionalOops — you got caught in a rainstorm with your suede boots on or spilled a cup of coffee on your favorite suede armchair.

Persons: suede, it’s, Eric Neuner, Suede, ”, Simon Elliott, They’re, Elliott, Salvador Villarreal, “, Salvador, Bethany Heitman, TikTok Organizations: suede, Walmart, Target, NBC, Clifton, Salvador Villarreal, Facebook, Twitter Locations: San Diego , California

Prosecutors in the Southern District of New York accuse Combs of sex trafficking, racketeering and transportation to engage in prostitution in the indictment unsealed Tuesday. “A year ago Sean Combs stood in Times Square and was handed a key to New York City,” he said. The sex trafficking count mentions “Victim-1,” whose interactions with Combs as described in the indictment mirror those described in Ventura’s lawsuit. According to the indictment, Combs attempted to bribe a member of the hotel security staff who had intervened. Since Ventura’s lawsuit, several others have accused Combs in separate lawsuits of sexual assault or sexual misconduct.

Persons: Sean “ Diddy ” Combs, Combs, ”, Prosecutors, Damian Williams, Williams, “, Sean Combs, he’s, Marc Agnifilo, “ He’s, ” Agnifilo, ” Combs, Kelly, Robert Sylvester Kelly, Mary J, Blige, Usher, Casandra Ventura, Cassie, Ventura, ” Williams, Douglas Wigdor, ” “ Combs Organizations: Prosecutors, of New, Homeland Security, Miami, of, CNN Locations: Southern, Manhattan, New York City, of New York, ”, Ventura, Los Angeles, Miami, U.S

Pop star Demi Lovato is asking her fellow former child stars a tough question: Is the price of fame worth your childhood? In “Child Star,” which debuted Tuesday on Hulu, Lovato interviews fellow celebrities who grew up in the limelight about the highs and lows of fame at a young age. “Child Star” also promises an “intimate look” at child stardom.” Here’s what the actors said about how fame affected them. She also said the amount of work child actors get can depend on how “easy” children and their parents appear. They created a podcast called “Dear Hollywood” analyzing the effect of fame on child development.

Persons: Demi Lovato, Lovato, Drew Barrymore, Christina Ricci, Kenan Thompson, JoJo Siwa, Alyson Stoner, Dan Schneider’s, ”, Nicola Marsh, “ Barney, ” —, Rock ”, Sonny, ” Lovato, “, Demi Lovato’s, Disney Lovato, Nobody, Stoner, Symoné, Thompson, ’ Thompson, Burger, “ Kenan, Kel, “ It’s, ” Thompson, didn’t, Ricci, “ Casper ”, ” Ricci, Cher, Barrymore, “ E.T, Steven Spielberg, ” Barrymore, ” Stoner, Missy Elliott’s, Zack, Cody, Phineas, Ferb, Raven, They’re, ” Siwa, Siwa, JoJo Organizations: Hulu, Kids, Nickelodeon, Apple, Showtime, Disney, Rock, Disney Channel, Protection, “, Black Locations: Europe, Omaha , Nebraska

☆ Zimbabwe to cull 200 elephants to feed people left hungry by drought
▼ + stars: | 2024-09-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Zimbabwe plans to cull 200 elephants to feed communities facing acute hunger after the worst drought in four decades, wildlife authorities said on Tuesday. “We can confirm that we are planning to cull about 200 elephants across the country. We are working on modalities on how we are going to do it,” Tinashe Farawo, Zimbabwe Parks and Wildlife Authority (Zimparks) spokesperson, told Reuters. It follows neighboring Namibia’s decision last month to cull 83 elephants and distribute meat to people impacted by the drought. The numbers are just a drop in the ocean because we are talking of 200 (elephants) and we are sitting on plus 84,000, which is big,” he said.

Persons: El, Tinashe, Farawo, “, ” Organizations: Zimbabwe Parks and Wildlife Authority, Reuters, Zimbabwe, International Trade Locations: Zimbabwe, Africa, Tinashe Farawo, Hwange, Chiredzi, Zambia, Botswana, Angola, Namibia, ’

☆ British e-commerce firm THG to spin off technology platform Ingenuity
▼ + stars: | 2024-09-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

If and when the demerger is approved, THG's group company will consist of only its THG Beauty and THG Nutrition divisions. THG formed THG Ingenuity in 2021 as a separate venture selling e-commerce solutions for retailers. THG's Moulding has previously described THG Ingenuity as a "social media influencer platform" to promote products, including brands sold by THG as well as those sold by other companies, too. The deal at the time gave SoftBank the option to invest an additional $1.6 billion in THG Ingenuity. However, in October 2022, SoftBank ended its investment deal with THG and sold its entire stake in the company to Moulding.

Persons: THG, Matthew Moulding's, SoftBank Organizations: U.K, HMRC, THG Locations: British, THG

☆ Elon Musk has made a nasty mess for X, but it may not matter all that much to him
▼ + stars: | 2024-09-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.

Persons: —, Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa

☆ Asia-Pacific markets trade mixed as investors look ahead to Fed meeting
▼ + stars: | 2024-09-17 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Most Asia-Pacific markets were mixed Tuesday, following a mixed trading session on Wall Street as investors prepare for the Federal Reserve to kick off its monetary loosening cycle. The Fed is expected to announce its first interest rate cut since March 2022, but markets are split over the size of the reduction from the two-day policy meeting which begins Tuesday. U.S. retail sales data is also set to take center stage as investors monitor the health of the consumer in the lead up to the Fed's meeting. Chinese appliance maker Midea Group is slated to debut in Hong Kong, with shares priced at 54.80 Hong Kong dollars apiece, in what would be the city's largest listing in more than three years.

Organizations: Singapore Authority, Port, Federal Reserve, Traders, Midea, Hong Locations: Port, Port of Singapore, Asia, Pacific, Hong Kong

☆ Sam Altman is leaving a key OpenAI board. His departure should satisfy some big critics.
▼ + stars: | 2024-09-17 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI just announced the members of its revamped Safety and Security Committee, and CEO Sam Altman is not on the list. When the group was announced, Altman, Taylor, and five OpenAI technical and policy experts were named to the committee, alongside the independent board members. AdvertisementThe safety committee will "exercise oversight over model launches, including having the authority to delay a release until safety concerns are addressed," the blog post said. OpenAI's troublesLast month, the company battled to stop an AI safety bill in California, saying it would stifle progress and drive companies out of the state. Weeks before that, nine current and former OpenAI employees signed an open letter pointing out the risks of generative AI.

Persons: —, Sam Altman, Bret Taylor, OpenAI's, Altman, Taylor, Zico Kolter, Adam D'Angelo, Paul Nakasone, Nicole Seligman, William Saunders, Daniel Kokotajlo, Weeks Organizations: Service, Security Committee, Business, Carnegie Mellon University, US Army, Sony Corporation, o1, OpenAI, Securities and Exchange Commission Locations: California, NDAs

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

WASHINGTON — To hear Republican nominee Donald Trump and his running mate JD Vance tell it, he wasn’t trying to eliminate the Affordable Care Act as president. “Obamacare was lousy health care. Vance added: “It illustrates Donald Trump’s entire approach to governing, which is to fix problems.”Both Trump and Vance are misrepresenting the facts. As president, Trump fought to repeal and undo the ACA using executive action, legislation and lawsuits. “Which means no actual plan.”“And 45 million Americans are insured through the Affordable Care Act,” she said.

Persons: WASHINGTON, Donald Trump, JD Vance, “, Trump, Sen, Vance, ”, “ Obamacare, It’s, …, ” Trump, Kamala Harris, could’ve, Donald Trump’s, “ Trump, Larry Levitt, Republicans — Sens, Lisa Murkowski, Susan Collins of, John McCain, Arizona —, McCain, ” Levitt, Barack Obama’s, Joe Biden, doesn't, Karoline Leavitt, Leavitt, ” Harris Organizations: ABC, Democratic, Trump, Protection, Republican, American Health Care, Office, House Republicans, Republicans, ACA, Medicare Locations: R, Ohio, Alaska, Susan Collins of Maine, Arizona, Greensboro , North Carolina

Two former high-ranking New York City Fire Department chiefs were indicted by federal prosecutors Monday on charges of pocketing bribes to expedite fire safety reviews. The charges come as Mayor Eric Adams' administration has been under scrutiny from prosecutors from the U.S. Attorney's office in Manhattan. "New Yorkers deserve better," U.S. Attorney Damian Williams said at a press conference where he announced the charges against the former chiefs, Anthony Saccavino and Brian Cordasco. Jocelyn Strauber, head of the New York City Department of Investigation, told reporters all the sites have since been re-inspected. Both are no longer with the FDNY — Saccavino retired in March and Cordasco retired in June.

Persons: Eric Adams, Edward Caban, Damian Williams, Anthony Saccavino, Brian Cordasco, Cordasco, Williams, Jocelyn Strauber, Saccavino, Robert Tucker, Adams, Caban’s, Sheena Wright, Public Safety Philip Banks III, “, ” Williams Organizations: New York, New York City Fire Department, Police, U.S, FDNY, department's, of Fire Prevention, New York City Department of Investigation, Department, FBI, Public Safety Locations: New York City, Manhattan

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