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☆ It will be a while before OpenAI turns a profit. In the meantime, Microsoft gets a cut of revenue.
▼ + stars: | 2024-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI is projected to turn a profit in 2029, a new report from The Information says. Microsoft also appears to be on track to get a 20% cut of OpenAI's revenue, per the report. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The report said the company doesn't expect to become profitable until 2029 when revenue is projected to hit $100 billion. According to The Information, OpenAI is currently projecting that its compute costs for model training could hit as high as $9.5 billion a year in 2026.

Persons: —, OpenAI, it's, Kate Leaman, Leaman Organizations: Microsoft, Service, Business Locations: Silicon Valley

☆ Judge's ruling against Google in Epic Games case highlights a shift in antitrust law
▼ + stars: | 2024-10-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

A law professor said the ruling shows how antitrust law is used against Big Tech companies. Management and law experts told Business Insider the ruling highlights how antitrust law is being used against Big Tech companies — and could cost Google billions of dollars in lost revenue. Historically, he said, liberal judges tended to favor antitrust law more than conservative ones. When Epic Games' case against Apple was similarly appealed, the Supreme Court denied requests to hear it, leaving Apple with its partial victory. AdvertisementRepresentatives for Epic Games directed Business Insider to a public thread about the Google ruling, posted on X by the company's CEO, Tim Sweeney.

Persons: —, James Donato's, Peter Cohan, Cohan, Apple, Yvonne Gonzalez Rogers, Eric Chaffee, Chaffee, Alden Abbott, Abbott, Tim Sweeney, Sweeney Organizations: Google, Apple, Big Tech, Service, Management, Epic Games, Northern, Northern District of, Babson College, Case Western Reserve University School of Law, Epic, DOJ, Business, Mercatus Center Locations: California, Northern District, Northern District of California, United States

☆ TikTok's use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
▼ + stars: | 2024-10-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Of the many allegations against TikTok brought by a group of attorneys general, one stands out for its focus on the company's abusive use of its virtual currency. That currency "substantially harms children," and the livestreaming feature "exploits them financially," according to the lawsuit. Through TikTok's system, children buy the virtual tokens — TikTok Coins — with real money, and the company gets 50% of the revenue from the purchases, the lawsuit says. The suit says that TikTok "extracts" a commission of up to 50% from these exchanges without having obtained the necessary license. "If you make it look pretty and joyful and kind of innocent looking … it makes it easier to manipulate the children," Robins said.

Persons: ByteDance, TikTok, Brian Schwalb, Gabriel Robins, Robins, Brooke Erin Duffy Organizations: U.S . House, District of Columbia, TikTok, CNBC, Social, University of Virginia, Federal, D.C, Cornell University's Locations: TikTok, Culver City , California

☆ X Is back up and running in Brazil after it caved and paid a fine — because there are some battles Elon Musk can't win
▼ + stars: | 2024-10-09 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

X can operate in Brazil again, after an August ban over noncompliance with court orders. But its return to Brazil was further delayed after the court said that X had transferred the $5 million to the wrong bank. In X's Wednesday X post, the company said that it would continue to defend free speech "within the boundaries of the law." Related storiesThe country is key to X's business — it's the sixth-largest market globally, with over 21.5 million users, Reuters reported in September. X did not respond to a request for comment sent by Business Insider outside business hours.

Persons: —, Elon, Alexandre de Moraes, X, Musk, de Moraes, De Moraes, Matteo Ceurvels, eMarketer, Axel Springer Organizations: Service, Supreme, Reuters, Associated Press, Business, Business Insider Locations: Brazil, China

☆ Trump versus Harris: What the November election means for defense stocks
▼ + stars: | 2024-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

No matter who voters choose, whether it is former President Donald Trump or Vice President Kamala Harris , Liwag doesn't expect a meaningful shake-up in the outlook for defense stocks. Still, the analyst notes that even cases where an administration cuts defense spending, stocks can still carve out gains. During the Obama administration, the defense budget fell 3.3%, but defense stocks gained 2.1%. The defense stocks Morgan Stanley covers have outperformed the S & P 500 since Russia's invasion of Ukraine, Liwag said. "Historically, the conventional wisdom has been that Republicans are positive for defense spending and defense stocks, while Democrats are negative," Harned said.

Persons: Bernstein, Douglas Harned, Lockheed Martin, Morgan Stanley, Kristine Liwag, Donald Trump, Kamala Harris, Liwag, Bernstein's Harned, Harned, Harris, Wolfe Research's, Tobin Marcus, Marcus, Ronald Epstein, Epstein, Trump, Northrop, Obama, Northrop Grumman, Morgan Stanley's, Michael Ciarmoli, Truist, Leonardo Organizations: P Aerospace, Defense, Industry, L3Harris Technologies, Lockheed, CNBC, " Bank of America, Democratic, Senate, Republican, U.S . House, Trump White House, Republican Senate, Trump, Abrams, Space Force, Northrop Grumman, General Dynamics, Hamas, Dynamics, Northrop, Gulfstream, Leonardo DRS, Moog, Republicans Locations: Ukraine, U.S, Russia, Crimea, Iran, Israel

☆ Anne Hathaway showed Blake Lively just what to do to swerve public backlash
▼ + stars: | 2024-10-09 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

Anne Hathaway apologized to journalist Kjersti Flaa for being difficult in a 2012 interview. AdvertisementAnne Hathaway just gave a masterclass in swerving public backlash — and Blake Lively should take notes, according to PR experts. PR experts told BI that Hathaway's swift response will minimize potential backlash and strengthen her reputation as a relatable and genuine celebrity. Advertisement"A lot of people wouldn't give me roles because they were so concerned about how toxic my identity had become online," Hathaway told Vanity Fair back in March. Blake Lively could learn from Hathaway, experts sayHathaway's response to Flaa was a complete contrast to Blake Lively, who remained silent after her 2016 interview with the same journalist went viral in August.

Persons: Anne Hathaway, Kjersti Flaa, Flaa, Blake Lively, Lively, —, Lively —, Hathaway, Jake Holyoak, Anne, Cindy Ord, Yely, Kopan, Les Misérables, Dave M, Charly Triballeau, It's, Holyoad, Blake, Hathaway's, Zoe Mumba, Mumba, Colleen Hoover's Organizations: Service, Input Communications, Playbill, Forbes, Getty, Hollywood Reporter Locations: Flaa, AFP

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

☆ Left and right prey on weak French government as it prepares 'austerity' budget
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. The budget is being widely previewed as an "austerity" budget that will see the government of new Prime Minister Michel Barnier present tax-hiking and cost-cutting measures that could rile opposition parties on both the left and right, and even the centrists that put him in power. In sum, Barnier's government is a fragile one and vulnerable to predatory challenges from the left and right of the political spectrum. But such a large dose of austerity may make even 1.1% growth difficult to achieve," he said in emailed analysis. "Finally, even if the budget is passed and does not dent economic growth too much, France's fiscal position would still be precarious.

Persons: Michel Barnier, Alain Jocard, Barnier, Antoine Armand, France's, —, La France Insoumise, Remon Haazen, Emmanuel Macron, Macron, Andrew Kenningham, Kenningham, Marine Le Pen, Carsten Nickel, Nickel, Tom Weller, voigt, Benoit Tessier Organizations: French, French National Assembly, EU, Afp, Getty, National Assembly, Finance, European Commission, Republique, La, Populaire, Capital Economics, Republicans, Stade de France, Olympic Games Locations: Paris, France, La France, Europe, French

44 health care workers saw multiple cases of preteen children who had been shot in the head or chest in Gaza. 2 did not Merril Tydings Flight, emergency and critical care nurse, 44 years old, Santa Fe, N.M. “ These people were starving. ” Abeerah Muhammad Emergency and critical care nurse, 33 years old, Dallas, Texas “ Everyone we met showed us pictures of themselves before October. ” Merril Tydings Flight, emergency and critical care nurse, 44 years old, Santa Fe, N.M. “ It is very simple. ” 53 health care workers saw many children suffering from easily preventable infections, some of whom died from them.

Persons: Gaza Daniel Benneworth, Gray, I’ve, ”, Mimi Syed, Khan Younis, “, ” Dr, Mohamad Rassoul Abu, bariatric, Nina Ng, Dr, Mark Perlmutter, Mount, Irfan Galaria, Khawaja Ikram, Israel, Ahlia Kattan, Ndal Farah Anesthesiologist, ” Asma Taha, Nahreen Ahmed, Aman Odeh, Mike Mallah, Deborah Weidner, Tanya Haj, Hassan, ’, Laura Swoboda, Feroze, couldn’t, Mohammed Al, Adam Hamawy, Talal Ali Khan Nephrologist, Arham Ali, Loma, Newborn, ” Monica Johnston Burn, ” Brenda Maldonado, Ayman Abdul, Ghani, Ammar Ghanem, Mohamad Abdelfattah, ventilators, ” Laura Swoboda, Benjamin Netanyahu, Israel’s, Harris, ProPublica, Peter Beinart, Kamala Harris, Ms, it’s Organizations: Nurses, Gaza’s Ministry of Health, West Bank, Mark Perlmutter Orthopedic, “, United, Rights, Oxfam, United States, Israeli Defense Ministry, Committee, UNICEF, Gaza, Hamas, Biden, U.S Locations: Gaza, Ukraine, Haiti, Flint, Mich, Israel, Pittsburgh, Pa, New York City, N.Y, N.C, Chantilly, Va, “, Savannah, Ga, Dallas , Texas, Costa Mesa, Calif, Toledo , Ohio, Santa Fe, Portland, Philadelphia, Austin , Texas, Charleston, S.C, Hartford, Conn, Olympia, Wash, Mequon, Wis, Lathrop, Ohio, South Brunswick, N.J, Oklahoma City, Okla, Loma Linda, Vancouver, Honolulu, Hawaii, Detroit, Tustin, United States, U.S, Al, Lebanese

☆ Italy’s hard-right government set to send sea migrants to Albania in bid to curb arrivals
▼ + stars: | 2024-10-09 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +11 min

However, the court’s decision is non-binding and Italy and Albania are not prohibited by the ruling from going forward with the plans. That’s all, very normal variations during construction.”A general view of the reception center for migrants in Shengjin, Albania, on June 4, 2024. If they do not qualify for asylum, they will be deported to “safe” countries, according to the agreement between Italy and Albania. The cost comes to around 7.5% of what Italy currently spends on its migrant reception centers, Meloni said in June, speaking alongside Rama. Other listed “safe countries” include Egypt, Tunisia and the Ivory Coast, citizens of which make up a large portion of arrivals.

Persons: Rome, It’s, Gjader –, Matteo Piantedosi, There’s, Florion Goga, Piantedosi, Giorgia, Keir Starmer, “, ” Meloni, Meloni, Starmer, Rama, ” Rama, Giorgia Meloni, Adnan Beci, ’ ”, Alketa Misja, ”, ” Gianfranco Schiavone, Schiavone Organizations: Rome CNN, European Union, Court, Justice, Reuters, CNN, United Nations, Refugees, UNHCR, Interior Ministry, Meloni, Amnesty, Italy's, Albania's, Edi, Getty, AP, Migration, United Nations ’ International Organization for Migration, Union Locations: Albania, Italy, European, Albanian, Shengjin, Gjader, Agrigento, Sicily, Catania, Malta, Greece, Spain, Libya, Tunisia, Meloni’s, Rome, Europe, AFP, Italian, Bangladesh, Egypt, Ivory Coast, Afghanistan, Syria, Lezhe, Refoulement, North, Denmark

☆ Kamala Harris wants voters to know she owns a Glock. Talking about guns on the campaign trail is no accident, experts say.
▼ + stars: | 2024-10-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Kamala Harris just told voters what kind of gun she owns. AdvertisementVice President Kamala Harris wants voters to know she's a responsible Glock owner. Although she owns a gun, Harris has been a proponent of safer firearms usage and stricter gun ownership laws. AdvertisementBut gun talk could help move the needle for Harris, especially with undecided voters, Doidge said. Other experts said that leaning into being a gun owner may be a savvy move from Harris' campaign, especially for swing-state voters.

Persons: Kamala Harris, Harris, —, Bill Whitaker, I've, Whitaker, Glock, Oprah Winfrey, Joe Biden, Tim Walz, Trump, Kristin Doidge, Doidge, Georgia Kernell, Jonathan Aronson, Aronson, Guns, Elon Musk, Harris didn't Organizations: Service, Glock, CBS, Pew Research Center, White, NYPD, Loyola Marymount University, UCLA, USC, Trump, Republican National Committee, Business Locations: Austrian, United States, Minnesota, South Carolina, New York, California, Georgia, Trump

☆ Deloitte feels the wrath of Trump world over leaked JD Vance messages
▼ + stars: | 2024-10-08 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

CNN —Trump allies are calling for the federal government to punish Deloitte after an employee at the consulting firm apparently shared his private messages with JD Vance. The Post did not reveal who corresponded with Vance, now Trump’s running mate, and leaked those communications. “Maybe it’s time for the GOP to end Deloitte’s taxpayer funded gravy train?” Trump Jr. wrote on X, noting that Deloitte receives billions of dollars in government contracts. Trump Jr. told CNN he was speaking his mind as a private citizen. Neither Trump nor Vance have publicly threatened Deloitte, and it’s worth noting that Trump Jr. has indicated he does not plan to serve in the federal government.

Persons: CNN —, JD Vance, Donald Trump, Trump, Vance, Donald Trump Jr, ” Trump, Jason Miller, Trump Jr, “, ”, Kamala Harris, ” “, GOP Sen, Eric Schmitt, he’s, ” Jeffrey Sonnenfeld, John Deere, Davidson, ” “ Donald Trump, ” Richard Painter, George W, Bush, ” Painter, Painter, MAGA, Jonathan Gandal, Yale’s, ” Norman Eisen, it’s, ” Eisen Organizations: CNN, CNN — Trump, Deloitte, Washington Post, GOP, Trump, Department of Defense, Internal Revenue Service, Department of Homeland Security, Trump Jr, White, Yale, Leadership, Department, Google, Apple, Harley, US Postal Service, Motors, University of Minnesota, ”, ” Trump Jr, Post, Wall Street, ” “ Deloitte, “ Deloitte, Brookings Institution, DOJ

☆ Kevin O'Leary says the US needs to go 'DEFCON 19 against China' and break the country with heavy tariffs
▼ + stars: | 2024-10-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

"You squeeze them because the Chinese only understand the stick," O'Leary told Fox News on Sunday. Advertisement"Shark Tank" star Kevin O'Leary says the US needs to level the playing field against China by imposing heavy tariffs on the country. I've said it countless times, they understand the stick, they respect the stick, give them the stick," O'Leary added. And just so everybody knows why I'm so biased — they have screwed me over the last 12 years," O'Leary told Varney. But they've really taken advantage of our country," Trump told "Sunday Morning Futures" host Maria Bartiromo in February.

Persons: Kevin O'Leary, O'Leary, Donald Trump, —, Trey Gowdy, Gowdy, I've, NpVH9sFriC — Kevin O'Leary, Stuart Varney, he's, Varney, O'Leary didn't, Donald Trump's, Trump, they've, Maria Bartiromo, John Deere, Joe Biden, Biden, Kamala Harris, Harris, Harris hasn't Organizations: Fox News, Sunday, Service, China, Fox Business, Business Insider, White, Trump Locations: China, America, Mexico, Smithton , Pennsylvania

☆ States sue TikTok over app's effect on kids' mental health
▼ + stars: | 2024-10-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Schwalb's suit alleges a slew of "profound" mental health risks are posed to teens and children by compulsive TikTok use, including depression, anxiety, sleep loss and body dysmorphia. "TikTok knows that its design features make its App more addictive and keep users engaged for longer," the suit in D.C. Superior Court alleges. The complaint also says that in 2019, the company introduced "two new dangerous features": a live-streaming feature called TikTok LIVE and a virtual currency system called TikTok "Coins." TikTok incentivizes users to go LIVE by promising these monetary rewards 'the more popular [their] content becomes.'" The suit says that TikTok "earns substantial revenue" from its Coins, charging commissions of up to 50% on each transaction.

Persons: ByteDance, Brian Schwalb, Schwalb, TikTok Organizations: U.S . House, District of Columbia, CNBC, Washington , D.C, NHL's Washington Capitals hockey, Schwalb, AGs, Senate Locations: TikTok, Culver City , California, New York, California, U.S, D.C, Los Angeles, Washington ,, United States, China, Beijing

☆ Google ordered to open up app store in Epic Games antitrust ruling
▼ + stars: | 2024-10-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

A judge has ordered Google to open up Android to rival third-party app stores. The ruling is part of Epic Games' blockbuster antitrust case against Google. AdvertisementThe judge also ruled that Google must allow competition app stores to access Google Play apps and that it cannot require app makers to use Google Play Billing. Related storiesThe remedies follow a jury's finding last year that Google had violated antitrust policies in its Play Store for Android systems. AdvertisementAnother antitrust blow for GoogleThe Epic Games ruling is Google's latest setback as it faces other antitrust cases affecting different parts of its sprawling business.

Persons: — Organizations: Google, Epic Games, Service, Business, Department of Justice

☆ TikTok star Taylor Rousseau Grigg dies at 25 after revealing health issues, illness
▼ + stars: | 2024-10-07 | by ( ) www.nbcnews.com time to read: +4 min

Taylor Rousseau Grigg, a 25-year-old TikToker who made lifestyle content, has died. Grigg had previously opened up to her 1.4 million TikTok followers about her health. She didn’t find out what was wrong with her until “a few months” prior to posting the 2024 video. Cameron Grigg shared that Taylor Rousseau Grigg would be donating her organs. Taylor Rousseau Grigg was known on TikTok for content about her life, which often featured her marriage, her dog, her faith and the country lifestyle she led.

Persons: Taylor Rousseau Grigg, Cameron Grigg, ”, ” Cameron Grigg, Grigg, haven’t, ” Grigg, “, we’re, Cameron Grigg’s, Taylor, Griggs, “ Taylor, Cameron Locations: Instagram

☆ The Russian arms dealer who was exchanged for Brittney Griner is trying to sell weapons to the Houthis: report
▼ + stars: | 2024-10-07 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +4 min

Viktor Bout is brokering weapons sales to Iran-backed Houthis in Yemen, per The Wall Street Journal. Houthi rebels have been attacking commercial shipping in the Red Sea since last year. AdvertisementThe notorious Russian arms dealer, who was exchanged for US basketball star Brittney Griner two years ago, is trying to sell weapons to the Iran-backed Houthis in Yemen, according to The Wall Street Journal. According to an April Defense Intelligence Agency report, container shipping through the Red Sea has declined massively, alternative shipping routes are increasing voyage costs, and insurance premiums for Red Sea transits have spiked. While the weapons deal reportedly orchestrated by Viktor Bout does not involve anti-ship missiles, it would still represent a notable Russian intervention in the ongoing Red Sea crisis.

Persons: Viktor Bout, Brittney, Houthi, —, Griner, Louise Nevill, Marsh, Antony Blinken, Blinken Organizations: Street, Service, US, Wall Street, Kremlin ultranationalist, Kremlin, Business, April Defense Intelligence Agency, Reuters, Ukraine Locations: Iran, Yemen, Red, Europe, East, Africa, Russia, Moscow, Israel, Gaza

☆ The Western auto industry is now locked in a 'Darwinian' make-or-break battle with China, the chiefs of 2 major automakers warn
▼ + stars: | 2024-10-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Mercedes-Benz CEO Ola Källenius says automakers need to hunker down if they want to beat the Chinese. Ford's CEO, meanwhile, called the Chinese auto industry an "existential threat" after a visit to the country in May. When it comes to competing in the EV market, Western automakers have been left playing a game of catch-up with the Chinese. Chinese automakers like BYD have been expanding into Southeast Asian countries like Thailand, as well as developing markets like Brazil and Mexico. The crippling trade restrictions effectively shut them out of the US auto market.

Persons: Ola Källenius, Källenius, —, Mercedes, isn't, Jim Farley, Farley wasn't, Farley, John Lawler, Lawler Organizations: Mercedes, Benz, Service, Ford, Berlin Global, EV, Källenius, Business Insider, Wall Street, Changan Automobile, Research, BI, European Union, Financial Times Locations: China, Thailand, Brazil, Mexico, Western

☆ Both Democrats and Republicans in North Carolina say misinformation is complicating Hurricane Helene relief efforts
▼ + stars: | 2024-10-07 | by ( Katie Balevic | ) www.businessinsider.com time to read: +6 min

Officials are urging people to stop spreading misinformation amid Hurricane Helene recovery efforts. Both Republicans and Democrats have called out misinformation and false rumors. Donald Trump and Elon Musk have amplified false claims. AdvertisementAs rescue workers respond to the destruction in North Carolina after Hurricane Helene, government officials on both sides of the aisle are calling for a misinformation cease-fire. Republicans have also joined the fight against the false information.

Persons: Helene, Donald Trump, Elon Musk, —, Hurricane Helene, Joe Biden, Musk, Pete Buttigieg, Buttigieg, Trump, Biden, Kamala Harris, Alejandro Mayorkas, Roy Cooper, Kevin Corbin, Corbin, Chris Carlson, Sen, Thom Tillis, Margaret Brennan, Tillis, I've, Panditharatne, that's, X Organizations: Republicans, Democrats, Elon, Service, Carolinas, Federal Emergency Management Agency, FEMA, Brennan Center for Justice, New York University's School of Law, Transportation, Federal Aviation Administration, Washington Post, of Homeland, Post, Department of Public Safety, Democratic Gov, Republican, North Carolina Senate, Facebook, AP, CBS Locations: North Carolina, Hurricane, Florida, New, Asheville, North, Antarctica

☆ Pete Buttigieg says he had a call with Elon Musk to talk about Hurricane Helene because 'the best thing to do is just to pick up the phone'
▼ + stars: | 2024-10-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Pete Buttigieg says he and Elon Musk had a chat about Hurricane Helene relief efforts. That call proved "the best thing to do is just to pick up the phone," Buttigieg said on MSNBC. Buttigieg responded to Musk, writing: "No one is shutting down the airspace and FAA doesn't block legitimate rescue and recovery flights. "And, I think, to me it's an example of how often the best thing to do is just to pick up the phone." Hurricane Helene made landfall in Florida on September 26 and swept through Georgia and the Carolinas, causing widespread damage.

Persons: Pete Buttigieg, Elon Musk, Helene, Buttigieg, —, Tesla, Musk, MSNBC's Jen Psaki, Psaki, Hurricane Helene, didn't Organizations: MSNBC, Service, Elon, SpaceX, Federal Emergency Management Agency, FEMA, Federal Aviation Administration, FAA, Boeing, Department of Transportation, Business Locations: Asheville , North Carolina, Buttigieg, South Carolina, Hurricane, Florida, Georgia, Carolinas

☆ Musk's X paid $5 million in fines to the wrong bank, Brazil's Supreme Court said
▼ + stars: | 2024-10-07 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

X mistakenly transferred $5 million in fines to the wrong bank, said Brazil's Supreme Court. AdvertisementElon Musk's X just botched a $5 million payment in Brazil by transferring it to the wrong bank, according to Brazil's Supreme Court, Reuters reported on Saturday. In late August, Brazil's Supreme Court banned the platform for failing to comply with orders related to content moderation and for not appointing a legal representative in the country. AdvertisementOn Friday, X's legal team submitted documents showing that they paid the fines. X and the Brazil Supreme Court did not respond to requests for comment sent by Business Insider outside business hours.

Persons: X, —, Elon Musk's X, Musk, Alexandre de Moraes, de Moraes, De Moraes Organizations: Service, Reuters, Twitter, Brazil's, Supreme, Business Insider, Citigroup Locations: Brazil

Internet personality Jack Doherty crashed his $200,000 McLaren during a livestream this weekend after appearing to look at his phone while driving in the rain. A YouTuber with nearly 15 million subscribers, Doherty, 20, is known online for his controversial prank videos and wealth flaunting. Doherty also shared clips of the aftermath, including a video of him screaming for help inside the vehicle immediately after the crash. Doherty also shared a clip of the two sitting in a hospital room, where his cameraman was getting stitches on his head. While driving his brand-new convertible for the first time, Doherty joked in the video that he’s going to “crash this car, mark my words.”

Persons: Jack Doherty, Doherty, “, “ Michael, Michael, ”, McLaren, ” Doherty Organizations: McLaren, ”, YouTube, Lamborghini

☆ A couple took 31 trips to Orlando and vacationed at Walt Disney World using government funds, prosecutors say
▼ + stars: | 2024-10-06 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

They took 31 trips to Orlando, where they "spent time at the pool and Disney parks," the DOJ said. AdvertisementAn Army contractor and his girlfriend used government funds to finance personal vacations across the country, including 31 trips to Orlando, federal prosecutors say. A federal judge sentenced Chantelle Boyd, 53, on October 2 to six months of home confinement and two years of supervised release. A judge sentenced Bouchard in August to 12 months and one day in prison, then one year of supervised release. "For many of the trips, Bouchard and Boyd stayed in the same hotel room and spent time at the pool and Disney parks — all during business hours," federal prosecutors said.

Persons: —, Chantelle Boyd, Thomas Bouchard, Boyd, Bouchard, " Bouchard Organizations: Army, DOJ, Service, Justice Department, US Army Natick Contracting, Defense Department, US Attorney's, Massachusetts, Business, The Defense Department, US Army Locations: Orlando, Massachusetts, Maryland , Virginia , Alabama, Clearwater , Florida

☆ ‘Frankly ridiculous’: FEMA administrator slams Trump for boosting false Helene recovery claims
▼ + stars: | 2024-10-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Administrator of the U.S. Federal Emergency Management Agency, Deanne Criswell, speaks during a press briefing at the White House in Washington, U.S., September 26, 2024. Federal Emergency Management Agency administrator Deanne Criswell on Sunday criticized former President Donald Trump for spreading false information about how the Biden administration allocated disaster relief funding for Hurricane Helene recovery. "It's frankly ridiculous and just plain false," Criswell said in an interview on ABC's "This Week." On FEMA's "Rumor Response" webpage, the agency specifically addressed the claim that FEMA disaster relief funding "was diverted to support international efforts or border related issues." The Department of Homeland Security and White House have issued their own statements fact-checking and condemning the false claims.

Persons: Deanne Criswell, Donald Trump, Biden, Helene, Criswell, Trump, Elon Musk, Kamala Harris Organizations: U.S . Federal Emergency Management Agency, White, Federal Emergency Management Agency, Sunday, FEMA, Department of Homeland Security, SpaceX Locations: Washington , U.S

☆ These 2024 Republican candidates disputed the 2020 election results
▼ + stars: | 2024-10-05 | by ( Daniel Dale | ) edition.cnn.com time to read: +43 min

The success of so many 2020 election deniers in Republican primaries this year demonstrates that Trump’s ongoing campaign of election lies continues to have a strong hold on his party. Even four years later, candidates’ views on the 2020 election are relevant in important practical ways. Lake also baselessly advocated the imprisonment of Katie Hobbs, who was Arizona’s election chief during the 2020 election and went on to defeat Lake in the 2022 race for governor. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla/Getty Images/FileSen. Rick Scott voted to object to the congressional count of Biden’s victory in Pennsylvania, though he voted in favor of counting Biden’s victory in Arizona. Pennsylvania: Dave McCormickSenate candidate Dave McCormick of Pennsylvania speaks during the second day of the 2024 Republican National Convention in Milwaukee on July 16, 2024.

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