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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Stay away from Unity Software, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Vistra, Novavax, Twilio, H.B. Fuller, Ardagh Metal Packaging, and SoFi.
Persons: Jim Cramer, Fuller Organizations: Unity Software, Packaging
A facial recognition start-up, accused of invasion of privacy in a class-action lawsuit, has agreed to a settlement, with a twist: Rather than cash payments, it would give a 23 percent stake in the company to Americans whose faces are in its database. Clearview AI, which is based in New York, scraped billions of photos from the web and social media sites like Facebook, LinkedIn and Instagram to build a facial recognition app used by thousands of police departments, the Department of Homeland Security and the F.B.I. The litigation has proved costly for Clearview AI, which would most likely go bankrupt before the case made it to trial, according to court documents. The company and those who sued it were “trapped together on a sinking ship,” lawyers for the plaintiffs wrote in a court filing proposing the settlement. “These realities led the sides to seek a creative solution by obtaining for the class a percentage of the value Clearview could achieve in the future,” added the lawyers, from Loevy + Loevy in Chicago.
Persons: Organizations: Facebook, LinkedIn, Department of Homeland Security, New York Times Locations: New York, Chicago, Loevy
In a First, Pope Plans to Attend G7 Summit
  + stars: | 2024-06-13 | by ( Emma Bubola | ) www.nytimes.com   time to read: +1 min
As leaders from the Group of 7 nations gather this week in southern Italy, they will be joined by representatives from countries at the center of international conflict, from developing nations like Brazil and India, and, for the first time, from the Holy See. Pope Francis, the Vatican announced, will take part in a discussion on Friday on the ethical implications of artificial intelligence at a session that is open to envoys from countries that are not G7 members. The Vatican said Pope Francis would also have bilateral conversations with some of the visiting leaders, including President Biden and Turkey’s Recep Tayyip Erdogan. The reports last month prompted a backlash among L.G.B.T.Q. people, toward which the pope had generally adopted a more welcoming approach.
Persons: Pope Francis, Biden, Turkey’s Recep Tayyip Erdogan, Giorgia Meloni, Organizations: Vatican Locations: Italy, Brazil, India
Tens of thousands of patients with attention deficit hyperactivity disorder nationwide could face disruptions to their care after two executives of a major telehealth company that distributed A.D.H.D. The Department of Justice announced on Thursday that the chief executive and the clinical president of Done, the telehealth company, had been arrested and accused of participating in a scheme to distribute Adderall and other stimulants for A.D.H.D. to patients who did not need the medications, and to bill insurers for these drugs. The charges come amid ongoing shortages of Adderall and another stimulant, Vyvanse. said that as many as 50,000 patients across the nation who rely on Done or similar telehealth platforms to obtain stimulant medications may be affected.
Persons: General Merrick B, Garland Organizations: of Justice, Centers for Disease Control
Beyond Wonderland 2024 festival scheduleFive different ticket options are available for Beyond Wonderland at The Gorge. Resale tickets are generally comparable to or slightly cheaper than original tickets. Tickets to Beyond Wonderland at The Gorge 2024 are also available through verified ticket resale vendors like Vivid Seats and StubHub. Resale tickets for Saturday, June 22, begin at $142 on StubHub, with Vivid Seats offering similar prices starting at $164. Prices for two-day (Saturday and Sunday) original tickets for Beyond Wonderland at The Gorge 2024 jump up quite a bit from single-day passes.
Persons: We've, George, There's, Alex Bosi, Alison Wonderland, Cherry, Grayson Rose, Marten Horger, Max Styler, Miss Dre, Pauline Herr, AC Slater, Andy C, Dillon Francis, Dombresky, Gene Farris, Haylee Wood, Jessica Audiffred, Josh Butler, Sam Divine, Shiba, Sullivan King, Zedd Organizations: Business, Insomnia, Tea Party, George, Vivid, Sunday, Adventure, Lines, Discovery, Insomniac Records, Diesel, Shiba San B@B CID Locations: Southern California, West Coast, Southern, Northern California, Eastern Washington, WA, George, Hyperfunk
CNBC's Jim Cramer on Thursday said it's no secret that the market rally has been driven by a handful of tech stocks, and it's not likely to change anytime soon. Cramer said companies like Nvidia , Apple , Microsoft , Alphabet , Amazon , Oracle and now Broadcom have been integral to the rally. But while tech stocks have been shining, Cramer said other sectors can't quite say the same. For instance, Cramer pointed to the banks, which often serve as a bellwether for the market. It's hard to know where the market would be without the tech sector, he added.
Persons: CNBC's Jim Cramer, it's, Cramer, It's, Huntington, Hunt Organizations: Nvidia, Apple, Microsoft, Oracle, Broadcom, Federal Reserve, Trucking, Norfolk, Norfolk Southern and Union Pacific, Molson Coors, Kraft Heinz, PepsiCo Locations: Norfolk Southern
John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Fans wait in line to buy tour merchandise outside Raymond James Stadium in Tampa, Florida, in April 2023. Hector Vivas/TAS23/Getty Images Swift performs "Midnight Rain" in Edinburgh, Scotland, in June 2024. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. John Shearer/TAS23/Getty Images In pictures: Taylor Swift's 'Eras Tour' Prev NextMonitoring stations around the city registered the activity during all three performances.
Persons: London CNN — Taylor Swift, Taylor Swift, Kevin Mazur, Swift, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, Taylor, , , Harry Styles, Callum Harrison, we’ve Organizations: London CNN, British Geological Survey, Murrayfield, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times, Scottish Rugby Locations: Edinburgh, Scottish, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati,
Harry Stebbings is raising a new 20VC fund for early-stage startups, plus Series A and B.Stebbings started with an $8.3 million fund in 2020 and had raised $140 million by 2021. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementHarry Stebbings, the founder of the 20VC podcast, is raising a new fund that could be around $400 million, Business Insider has learned. It's been a meteoric rise for the British podcaster turned VC Stebbings, who began with an $8.3 million fund in 2020 before raising a major $140 million vehicle in 2021. This story is available exclusively to Business Insider subscribers.
Persons: Harry Stebbings, Stebbings, Paul Bonnet, , It's, British podcaster Organizations: DST Global, Service, Business Locations: British, London, New York
“They’re both promising not to tackle the debt,” Ryan said, coming back to the issue that has animated his political career. Trump wants to extend all of the tax cuts, which could further explode the debt without corresponding spending cuts. When Trump and Republicans enacted the current tax structure, they made individual tax cuts temporary and most of the corporate tax cuts permanent. Biden has proposed additional taxes on those making more than $400,000 to address Medicare’s solvency, among other ideas, but does not have a detailed Social Security plan. The dirty little secret in all of this is, Medicare and Social Security are going insolvent on their own.
Persons: Donald Trump, Paul Ryan, he’ll, Trump, , Ryan, Republican –, , ” Ryan, Sen, Mitt Romney, “ They’re, Joe Biden, Biden, Barack Obama, CNN’s Tami Luhby, What’s, won’t, Alan Greenspan, Obama, Republican Sen, Alan Simpson, Erskine Bowles Organizations: CNN, Trump, Republican, Fox News, Social Security, Democrats, Affordable, Biden, Republicans, Democratic, American, Treasury, Medicare, Fox, Federal, White House, National Commission Locations: Wisconsin, Trump, Luhby
Shortly after the announcement that Jerry West, the Hall of Fame basketball player and executive, had died at age 86 on Wednesday, the N.B.A. emailed a statement to the news media from Adam Silver, the league’s commissioner, extolling the virtues of Mr. West as “a basketball genius” who contributed to every facet of the league over a period of more than 60 years. Just above the statement was an image of the league’s iconic logo: A rounded rectangle, blue on one side, red on the other, with a white silhouette of a player dribbling up the middle. In keeping with one of the league’s oddest traditions, no acknowledgment was made that the man dribbling at the top of the statement was, in fact, Mr. West. hired Alan Siegel — the branding expert who created Major League Baseball’s logo — to create a logo for the league in 1969 and he based the image off a photograph of Mr. West, who was a star player for the Los Angeles Lakers at the time.
Persons: Jerry West, Adam Silver, , Alan Siegel Organizations: of Fame, Los Angeles Lakers
A central predicament of President Biden’s campaign is how to persuade voters to abandon Donald Trump. “In 2012 the Obama campaign turned a nice guy, Mitt Romney, into a piece of crap,” Steve Murphy, a co-founder of the Democratic media firm MVAR Media, told me. “You can’t do that to Trump because everybody already knows he’s a piece of crap.”Not only do voters know that Trump is a liar and corrupt, narcissistic and venal; his supporters have repeatedly found ways to slide past his liabilities. In April, before the former president was convicted on 34 felony counts by a New York jury, and again this month, after he was found guilty, YouGov asked voters: “Do you think someone who has been convicted of a felony should be allowed to become president?”
Persons: Biden’s, Donald Trump, Obama, Mitt Romney, Steve Murphy, Trump, YouGov, Organizations: , Democratic, MVAR Media, Trump, New Locations: New York
CNN —Anti-abortion leaders are warning Republicans not to remove a federal abortion ban from the party’s platform at next month’s GOP convention even as their presumptive nominee, Donald Trump, backs away from it. “Our expectation is that the GOP platform will continue to unequivocally call for national protections for unborn children, rooted in the 14th Amendment,” Dannenfelser told CNN in a statement. CNN has asked Trump’s campaign for comment. Trump would not be the first Republican presidential nominee to appear at odds with the party platform on abortion. He insisted, though, there’s not much daylight between the party’s platform and Trump’s latest stance.
Persons: Donald Trump, Marjorie Dannenfelser, Susan B, Anthony Pro, ” Dannenfelser, Ralph Reed, Reed, , , Trump, Roe, John McCain, Mitt Romney, Carol Tobias, I’m, lifers, Wade, Dobbs, Joe Biden, “ Trump, ” Biden, Sarafina Chitika, you’re, Trump’s, Lara Trump, Michael Whatley, Randy Evans, Russell Vought, Ed Martin, Phyllis Schlafly, there’s, ” Reed Organizations: CNN, GOP, and Freedom Coalition, Washington Post, Trump, Republicans, Wade, Republican, , Jackson, Health Organization, US, Democrats, Danbury Institute, Christian, Biden, North Carolina Republican Party, Conservative Locations: Dobbs v, Roe, Texas, Florida, Luxembourg, Milwaukee
TikTok has briefly suspended the account of Hey Jane, a prominent telemedicine abortion service, four times without explanation. The groups and women’s health advocates say these examples, all from recent months, show why they are increasingly confused and frustrated by how major technology platforms moderate posts about abortion services. They say the companies’ policies on abortion-related content, including advertisements, have long been opaque. And when the platforms do restrict the accounts, the companies can be difficult to contact to learn why. Susan B. Anthony Pro-Life America, an organization dedicated to abolishing abortion, said big technology companies had routinely limited its and other groups’ pro-life speech, suspending accounts and blocking ads with little explanation.
Persons: TikTok, Hey Jane, Instagram, Bing, Susan B, Anthony Pro Organizations: America
When The New York Post first reported in 2020 about a laptop once used by Hunter Biden — which the paper said contained incriminating evidence against him and his father, Joseph R. Biden Jr., who was running for president — it set off a firestorm. Many national news outlets raised questions about the existence of the laptop and the claims about its contents, while major social media platforms limited posts about The Post’s coverage. Many of the claims made by The Post in its coverage of the laptop, in which the publication sought to link President Biden to corrupt business dealings, have not been proved. But the laptop had enough incriminating evidence to continue to haunt Hunter Biden. A prosecutor briefly held up the laptop before the jury in Delaware, and an F.B.I.
Persons: Hunter Biden —, Joseph R, Biden, , Hunter Biden Organizations: New York Post, Post Locations: Delaware
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My wife, Kristi, and I were inspired to move to France after watching a documentary about British people who'd relocated there. This story is available exclusively to Business Insider subscribers. Kids start school at 3The education system in France is superior. Do you have an interesting story about living away from your native country that you'd like to share with Business Insider?
Persons: , Phil Coley, Kristi, who'd, Alicia, Haydn, pats, I've, they've Organizations: Service, Business, ex, pats Locations: France, Limoges, It's, , French
Hunter Biden’s ex-wife, his ex-girlfriend, his brother’s widow – with whom he had an affair – and his daughter all testified. Hunter Biden was administratively discharged, which is standard procedure when an officer fails a drug test. Did Joe Biden profit from his son Hunter’s career? It is a trade-off Hunter Biden has been experiencing for years. When Joe Biden was tapped as Barack Obama’s running mate in 2008, they made a point about not consorting with lobbyists.
Persons: CNN — Hunter Biden, Biden, Read, Hunter Biden’s, , Donald Trump’s, That’s, Trump, Hunter Biden, Joe Biden, Volodymyr Zelensky, Joe Biden’s, Hunter, “ dishonorably, “ Hunter Biden ”, Hunter’s, James Biden, Barack Obama’s Organizations: CNN, Trump, Navy Reserve, Republicans Locations: Delaware, New York, Los Angeles, Ukraine, Ukrainian, China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My wife, Kristi, and I were inspired to move to France after watching a documentary about British people who'd relocated there. This story is available exclusively to Business Insider subscribers. Kids start school at 3The education system in France is superior. Do you have an interesting story about living away from your native country that you'd like to share with Business Insider?
Persons: , Phil Coley, Kristi, who'd, Alicia, Haydn, pats, I've, they've Organizations: Service, Business, ex, pats Locations: France, Limoges, It's, , French
Broadly speaking, market observers expect that investors have already priced in how the Fed may proceed with interest rates. So long as this week's Fed meeting sticks to the consensus view, many observers expect stocks will breathe a sigh of relief. "This is one of the busiest of the days on Wednesday," said Art Hogan, chief market strategist at B.Riley Financial. Possibility for surprise Of course, the Fed meeting still has the potential to surprise investors. ET Wednesday while the Fed meeting wraps up at 2:00 p.m. and Powell's press conference starts a half hour later.
Persons: shrugging, Hogan, Dave Sekera, it's, Riley's Hogan, ChairJerome Powell, Powell, hasn't, Brian Nick, Nick, , I'd, Jeff Klingelhofer, Klingelhofer, Joshua Roberts Organizations: Federal Reserve, B.Riley, Morningstar, Fed, Macro, Bureau of Labor Statistics, Nvidia, Thornburg Investment Management, Federal Locations: U.S, Washington ,
In today's big story, we're looking at all the takeaways from Apple's big event , including its friendlier spin on artificial intelligence . Related VideoBut first, it's not AI; it's Apple Intelligence. Apple Intelligence — it's AI, just not that AI — is the company's first big swing in the space. Data is the name of the game when it comes to AI, and Apple's iPhones are full of it. However, the Apple Intelligence news and partnership with OpenAI is what really set the billionaire off.
Persons: , we've, it's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook, Apple, Apple's, Insider's Jordan Hart, Katie Notopoulos, Pro Max, BI's Peter Kafka, Max —, wasn't, Elon Musk, Chelsea Jia Feng, Grzegorz Wajda, Elon, Bernstein, Toni Sacconaghi, Point72, Steve Cohen's, WallStreetBets, Tyler Le, OpenAI, Sarah Friar, Kevin Weil, who's, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, Tech, Apple Intelligence, Washington, Getty, Apple, Pro, Elon, OpenAI, Academy Investment, GameStop, Planet Labs, Oracle Locations: Apple's, Chelsea, Silicon, New York, London
Abbott Laboratories announced Monday it received approval from the U.S. Food and Drug Administration for two new continuous glucose monitoring systems, including one for people who don't have diabetes. A continuous glucose monitor, or a CGM, is a small sensor that pokes through the skin and tracks a person's glucose levels in real time. One of Abbott's new systems, Libre Rio, is for patients with Type 2 diabetes who do not take insulin. Oftentimes, users need a valid CGM prescription to participate in these programs, so Abbott's new over-the-counter offering could be more accessible for some consumers. Abbott competitor Dexcom , which also sells CGM systems, received FDA approval for its first-ever over-the-counter CGM in March.
Persons: Robert B, Ford, Abbott, Abbot, Lingo, Dexcom Organizations: Abbott Laboratories, U.S . Food, Drug Administration, Libre Locations: Vegas, Las Vegas , Nevada, U.S, Libre Rio
If you ask a graduating M.B.A. student, a prep school guidance counselor or the internet how to be hired at the global consulting firm McKinsey, you’re likely to find a list of prestigious “target schools” where it has consistently aimed its recruiting efforts. You know the ones — Harvard, Yale, Stanford. But these days, McKinsey would prefer a different answer. “Exceptional can come from anywhere,” its career website says. “Elite” has never sat well with many American institutions, but the word has taken a particular beating in recent years.
Persons: you’re, , Katy George, Mckinsey’s, Fortune, Donald J, Trump, Organizations: McKinsey, Harvard, Yale, Stanford, , Ivy League Graduates
Justice Samuel A. Alito Jr.’s wife, Martha-Ann, recently told a woman posing as a conservative supporter that she wanted to fly a Catholic flag at the couple’s Virginia home in response to a Pride flag in her neighborhood. “You know what I want?” the justice’s wife said to the woman, Lauren Windsor, who secretly recorded the conversation during a black-tie event last week at the Supreme Court. “I want a Sacred Heart of Jesus flag because I have to look across the lagoon at the Pride flag for the next month.”But Ms. Alito said that after she suggested the Sacred Heart of Jesus flag as a retort to the symbol for L.G.B.T.Q. rights, her husband said, “Oh, please, don’t put up a flag.”She said that she had agreed, for now, but that she had told him that “when you are free of this nonsense,” “I’m putting it up and I’m going to send them a message every day, maybe every week. I’ll be changing the flags.”
Persons: Samuel A, Alito Jr, , Martha, Ann, Lauren Windsor, , Alito, don’t Organizations: Supreme Locations: Virginia
When the popular Academy Museum of Motion Pictures opened in 2021 with exhibits celebrating the diversity of the film industry, the museum was criticized for having largely omitted one group: the Jewish founders of Hollywood. Last month, the museum aimed to correct that oversight by opening a permanent new exhibition highlighting the formative role that Jewish immigrants like Samuel Goldwyn and Louis B. Mayer played in creating the American film industry. But the new exhibition, which turns a sometimes critical eye on Hollywood’s founders, ignited an uproar. An open letter that a group called United Jewish Writers sent to the museum on Monday objected to the use of words including “tyrant,” “oppressive,” “womanizer” and “predator” in its wall text, called the exhibit “antisemitic” and described it as “the only section of the museum that vilifies those it purports to celebrate.”In response to the growing outcry, the Academy Museum said in a statement Monday that it had “heard the concerns from members of the Jewish community” and that it was “committed to making changes to the exhibition to address them.”
Persons: Samuel Goldwyn, Louis B, Mayer, , Organizations: Academy Museum of Motion Pictures, Hollywood, United Jewish Writers, Academy Museum
Foreign de-dollarization efforts are unlikely to spur the greenback's demise. Instead, internal dysfunction could cut into the dollar's dominance, two think tank experts wrote in the FT.That's because the US's global and economic power are the basis for the currency's might. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhile they've grabbed a lot of attention, foreign efforts to advance the trend are questionable at best, Kamin and Sobel wrote. Amplifying de-dollarization is rising trade protectionism and the potential for unilateral financial sanctions.
Persons: , Steven B, Kamin, Mark Sobel, they've, Sobel, bode Organizations: Service, Financial Times Locations: Russia, Ukraine
Most of those efforts failed, but they have fueled harmful rhetoric around drag performers and the art form itself. Barbara Alper/Getty ImagesDrag has become increasingly visible in recent years through mainstream shows like “RuPaul’s Drag Race” and popular public events such as drag brunches, drag bingo and drag queen story hours, in which drag performers read children’s books to young audiences, often at libraries. Pickle reads from a book during the Drag Queen Story Hour program at a Los Angeles library in 2019. These lawmakers falsely claim that drag performers “groom” or sexualize children, of which there is also no evidence. It’s why Alaska Thunderf**k, the blonde bouffanted winner of the second season of “RuPaul’s Drag Race All Stars,” first got into drag – to make art that wasn’t bound by rules.
Persons: Anderson Cooper, twirling, Madonna’s, Papa Don’t, , , Meatball, George Santos, Mo B, Dick, It’s, Joe E, Jeffreys, Barbara Alper, ” Jeffreys, , Larry La Fountain, Stokes, Ann Arbor, von Miramar, you’ve, William Dorsey Swann, Swann, Channing Gerard Joseph, Nino Testa, ” Testa, it’s, ” Julian Eltinge, pansy, weren’t, Joan Jett Blakk, Adam Turner, Blakk, , ” Blakk, I’m, Testa, Devin Antheus, Harry James Hanson, Hanson, Marsha P, Johnson, Sylvia Rivera, ” Antheus, Esther Newton, impersonators, ” Newton, RuPaul Charles, who’d, Monica Beverly Hillz, Kylie Sonique, RuPaul, Sasha Colby, Santiago Felipe, David McNew, Antheus, aren’t, who’ve, we’ll Organizations: CNN, New York University, University of Michigan, New, Princeton University, Texas Christian University, Police, Queens, San Francisco, Stonewall, , Guardian, Broadway, Movement Advancement Locations: Florida, Ann, , Harlem, Washington, America, Fort Worth, New York, San Francisco, Tennessee, Montana, Los Angeles, It’s, Alaska
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