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“We hit an obstacle with Google's contracts,'' Weinberg said in U.S. District Court in Washington. Google counters that it dominates the internet search market because its product is better than the competition. After a couple years, the company began positioning itself as a search engine that respects people’s privacy by promising not to track what users search for or where they have been. That's loose change for Google's parent company, Alphabet, which generated $283 billion in revenue last year. In court Thursday, Lehman said his best guess is that search engines will shift largely from relying on user data to relying on machine learning.

Persons: Gabriel Weinberg, Weinberg, DuckDuckGo, Edward Snowden, Eric Lehman, Department’s, Lehman, Baidu, Russia’s, Google’s, ’ ’, Judge Amit Mehta, Taylor Swift, Travis Kelce Organizations: WASHINGTON, Google, The U.S . Department of Justice, Apple, Verizon, MIT, Cambridge, Microsoft, NFL Locations: U.S, Washington, The, Pennsylvania

☆ I teach dining etiquette to Americans. Many people miss the basics — here are the most common mistakes I see.
▼ + stars: | 2023-09-20 | by ( Alice Draper | ) www.businessinsider.com time to read: +7 min

Jayne Withers teaches classes about dining etiquette to both children and adults in Florida. I always enjoyed teaching, which is probably why I started my etiquette business after decades of working in publishing and wellness. From 2016 to this year, my husband and I ran a restaurant called Sealantro British Cafe, and I used some of the contacts from its mailing list to grow my etiquette business. That's a very common theme, and that's how I started teaching adults. I now teach courses on modern formal dining for adults and college students, dining out for children, business dining, international business etiquette, afternoon-tea etiquette, and etiquette for teenagers.

Persons: Jayne Withers, Jayne, Harry Potter, wasn't, Grandma, I've, Emily, Emily can't Organizations: Cambridge University, Service, Cambridge, galas, Swann School of Protocol, Facebook, Vero Locations: Florida, Wall, Silicon, Preston , England, Cambridge, Dubai, United Arab Emirates, British, America, Caribbean, Paris

☆ She Pioneered Internet Fame, He Helped Draft a Constitution. Now They’re in Love.
▼ + stars: | 2023-09-20 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +2 min

Still, there was an acculturation process — particularly for Mr. Feldman, who is not really the dance-like-no-one-is-watching type. To begin with, Ms. Allison was immersed in a scene, centered on Burning Man, about which Mr. Feldman knew nothing. “Many of Julia’s friends have jobs I didn’t know existed until I met Julia,” Mr. Feldman said. “To say Noah was having trepidation about Burning Man would be a major understatement,” Ms. Allison said. If you’re going to be with me, you have to go to Burning Man.

Persons: Feldman, Allison, Julia, ” Mr, Purple, ”, Noah, Ms, Clifford Geertz, Mr, revel, aren’t, “, Allison’s Locations: Bali, cryptocurrency, Ubud, Cambridge, Boston, Nevada

☆ Countries should mull slavery reparations despite complex legal claims - UN
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

The report stressed, however, that the difficulty in making a legal claim to compensation "cannot be the basis for nullifying the existence of underlying legal obligations". The notion of paying reparations or making other amends for slavery has a long history but the movement has recently gained momentum worldwide amid growing demands from African and Caribbean countries. The EU said in July that Europe's slave-trading past inflicted "untold suffering" on millions of people and hinted at the need for reparations for what it described as a "crime against humanity". The report concluded that states should consider a "plurality of measures" to address the legacies of enslavement and colonialism, including pursuing justice and reparations, and contributing to reconciliation. Reporting by Gabrielle Tétrault-Farber; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Duke, Duchess, Gilbert Bellamy, Antonio Guterres, Gabrielle Tétrault, Farber, Richard Chang Organizations: Protesters, British High Commission, REUTERS, Rights, United Nations, UN, EU, Thomson Locations: United Kingdom, Jamaica, Cambridge, Caribbean, Kingston , Jamaica, Africa

☆ How an Advocate for Menstrual Equity Spends Her Sundays
▼ + stars: | 2023-09-16 | by ( Devorah Lev-Tov | ) www.nytimes.com time to read: +1 min

As a teenager in Portland, Ore., Nadya Okamoto remembers speaking with homeless women near her local bus stop about a little-discussed subject. “I asked them, ‘What’s a challenge that you are dealing with?’ And it was not having access to period products,” she said. At age 16 she founded PERIOD, a nonprofit organization working to end “period poverty” and stigma through policy advocacy and by directly distributing menstrual products. Ms. Okamoto became a highly visible leader, posting candid video diaries on TikTok, where she now has over 4 million followers. She replaced herself as executive director of PERIOD in early 2020, and a wave of criticism on social media pushed her to breaking point.

Persons: Nadya Okamoto, “, ‘, Okamoto Organizations: Harvard Locations: Portland ,, Cambridge

But these solutions may be missing something fundamental, according to Partha Dasgupta, an economist at the University of Cambridge. DealBook spoke with Dasgupta about updating economics to account for nature. “Asset management is a very well understood phenomenon,” Dasgupta said. The services of nature are interconnected, and “they can be brought down like a house of cards,” he said. Policymakers often assume that a few tweaks and some human ingenuity will allow for infinite goods and growth; Dasgupta does not.

Persons: Partha Dasgupta, Dasgupta, DealBook, ” Dasgupta, Biden, ”, “ Organizations: University of Cambridge Locations: British

Prince William will touch down in New York on Monday for a two-day visit – primarily to attend the second Earthshot Prize Innovation Summit. William and Kate visit Câr-Y-Môr Seaweed Farm, a key partner of 2022 Earthshot Prize winner Notpla, in St. Davids, Wales on September 8, 2023. “In addition to unveiling this year’s Earthshot finalists next week, you’re also going to see Prince William sitting down with the UN Secretary-General and other world leaders… This really is the evolution of Prince William as the global statesman,” a close aide said. This trip’s timing also appears to be quite fortuitous, in that it comes weeks after Prince William topped a new poll as America’s most popular public figure. A huge crowd of well-wishers greets the Prince of Wales while in Massachusetts last December.

Persons: London CNN —, Prince William, –, Prince of Wales, William, Kate, Câr, Notpla, Arthur Edwards, Queen Elizabeth II, ”, you’re, “, Joe Biden, Volodymyr Zelensky, King Charles, Biden, Donald Trump, Prince, David L, Ryan, Duke of Cambridge, King, “ You’ve, Andrzej Duda Organizations: CNN’s Royal, London CNN, CNN, UN, Assembly, Royal Foundation, Boston, Gallup, Republicans, Boston Globe, British Locations: London, New York, Singapore, St . Davids , Wales, “, Beantown, Wales, Massachusetts, Boston, Poland, Ukraine, Russian

☆ Ig Nobel prizes go to research into nose hairs, dead spiders and licking rocks
▼ + stars: | 2023-09-15 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +4 min

The scientists who researched these questions are among the winners of this year’s Ig Nobel Prizes – an accolade that has no affiliation to the Nobel Prizes – which aim to “celebrate the unusual, honor the imaginative and spur people’s interest in science, medicine, and technology.”Rice University graduate student Faye Yap with a dead wolf spider for use as a necrobotic gripper. Brandon Martin/Rice UniversityThe Ig Nobel Prize’s 33rd ceremony took place virtually on Thursday night, with prizes awarded by “genuine, genuinely bemused” Nobel laureates over Zoom. Geologist Jan Zalasiewicz won the coveted Chemistry and Geology Prize for his research into why many scientists like to lick rocks. The Medicine Prize was awarded for research into how many nose hairs are in each of a person’s nostrils. The researchers will have the opportunity to meet one another at a companion Ig Nobel Face-to-Face event in Cambridge, Massachusetts in November.

Persons: Faye Yap, Brandon Martin, Jan Zalasiewicz, Zalasiewicz, ”, urologist Seung, Homei, Hiromi Nakamura, Stanley Milgram, Leonard Bickman, Lawrence Berkowitz Organizations: London CNN, ” Rice University, Rice University, Ig, Zimbabwe, Rice University in Texas, Mechanical, Communication, Public Locations: United States, United Kingdom, China, Cambridge , Massachusetts

☆ Arm IPO: China is huge for the SoftBank-owned company. That's a risk for its new investors
▼ + stars: | 2023-09-14 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Arm China is “an entity that operates independently of us and is our single largest customer,” the company said in its prospectus. A complex relationshipIn its filing, Arm said it held just a “4.8% indirect ownership interest in Arm China,” through a 10% non-voting stake in a SoftBank-controlled entity that owns less than half of the Chinese company. Arm has had trouble with Arm China before. Arm China has also been subject to a legal battle with its former CEO, Allen Wu. As of August, the cases had been resolved in favor of Arm China, it said, but the outcome could still be appealed.

Persons: SoftBank, Arm, ” Kirk Boodry, Japan’s SoftBank, Masayoshi Son, David Paul Morris, ”, Kyle Stanford, ” Stanford, Jay Clayton, Ivana Delevska, Spear, …, Allen Wu, Wu, hasn’t, Delevska Organizations: Hong Kong CNN —, Vision Fund, CNN, Nvidia, Bloomberg, Getty, US Securities and Exchange, Spear Invest, “, Arm, Companies, Apple, Google, AMD, Samsung Locations: Hong Kong, British, China, Washington, Beijing, Arm China, Cambridge, United States, United Kingdom, San Jose , California, America, decouple

☆ All eyes are on ARM as the chipmaker prepares to start trading in 2023's biggest IPO. It will be a massive test of confidence in the AI boom.
▼ + stars: | 2023-09-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

ARM is set to return to the public markets with a massive IPO on Thursday. The SoftBank-owned chip designer has built its success offering designs to smartphone makers. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The chip designer, which has been privately owned since being bought for $32 billion by Japanese conglomerate SoftBank in 2016, has priced its shares at $51 . However, a slowdown in the smartphone market, where growth has become increasingly stagnant in recent years, has led ARM to explore new growth opportunities.

Persons: Masayoshi Son Organizations: Service, ARM, NASDAQ, Apple, SEC, Nvidia Locations: Wall, Silicon, Cambridge

The Google sign is reflected in a rain puddle outside their offices in Cambridge, Massachusetts, U.S., June 27, 2017. Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters Breakingviews) - Want to know how to remove Google as the iPhone’s default search tool? According to him, the search engine operated by Alphabet (GOOGL.O) enlists Apple (AAPL.O) to answer the query by directing users to its website. Using Google as the default search engine wasn’t Apple’s “choice,” Dintzer said. Follow @BenWinck on XFollow @thereallsl on XCONTEXT NEWSThe U.S. Department of Justice’s antitrust case against Alphabet’s Google started on Sept. 12.

Persons: John Schmidtlein, Kenneth Dintzer, Google, ” Schmidtlein, Schmidtlein, ” Dintzer, It’s, Tim Cook, Alphabet’s Google, Ben Winck, Lauren Silva Laughlin, Jeffrey Goldfarb, Sharon Lam Organizations: Google, Rights, Reuters, Apple, U.S . Department of, Yahoo, Verizon Communications, Microsoft, Netscape, U.S, U.S . Department, Alphabet’s, Thomson Locations: Cambridge , Massachusetts, U.S, Safari, Japan, Washington, New York

☆ Citigroup CEO Jane Fraser pushes biggest overhaul in almost two decades
▼ + stars: | 2023-09-13 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +3 min

Citigroup CEO Jane Fraser testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington, U.S., September 21, 2022. The bank is also planning to list its Mexican consumer unit, known as Banamex, after a sale process fell through. Scottish-born Fraser is the first woman to lead a Wall Street bank. She spoke in March about her life and career in a wide-ranging interview with Carlyle Group (CG.O) Co-Founder David Rubenstein. Reporting by Tatiana Bautzer; writing by Michelle Price; editing by Lananh Nguyen and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jane Fraser, Elizabeth Frantz, Jane Fraser's, we've, Fraser, Michael Corbat's, Sandy Weill, David Rubenstein, Goldman Sachs, Smith Barney, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Josie Kao Organizations: Citigroup, . House Financial, REUTERS, Citi, JPMorgan Chase &, Bank of America, Banks, Carlyle Group, Cambridge University, Harvard Business School, McKinsey, Thomson Locations: Washington , U.S, U.S, New York, Scottish, Mexico

☆ Fact Check-Sahara dust magnetism is not evidence of chemtrails
▼ + stars: | 2023-09-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The social media post for the clip, as well as another video posted to Twitter here, also claims that the dust’s magnetism is evidence of “chemtrails". However, experts say magnetism is typical of Saharan dust. Saharan dust’s characteristic red colour reflects the presence of small amounts of haematite, a weakly-magnetic mineral, she said. However, air pollution-derived metals are usually present in much lower quantities than the naturally-sourced metal-bearing dust particles, she said. Saharan dust contains naturally magnetic particles, including haematite, which gives the dust its characteristic red colour.

Persons: ”, Barbara Maher, Richard Harrison, Maher Organizations: Facebook, Twitter, Centre, Environmental Magnetism, Lancaster University, University of Cambridge’s Department of Earth Sciences, Aeolian Research Locations: United Kingdom, Europe

☆ Webb telescope spies signs of water on habitable-zone exoplanet
▼ + stars: | 2023-09-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

The Webb telescope, which can detect infrared light invisible to the human eye, searched for exactly what elements are featured in the planet’s atmosphere. On Earth, dimethyl sulfide “is only produced by life,” according to NASA. Hot ocean worldsThe discoveries about its atmospheric composition suggest it could be a “Hycean exoplanet,” a theoretical type of exoplanet that runs hot but is covered in oceans and has a hydrogen-rich atmosphere. There are no confirmed Hycean exoplanets just yet. “This means our work here is but an early demonstration of what Webb can observe in habitable-zone exoplanets.”

Persons: CNN — Waters, James Webb, Webb, Nikku Madhusudhan, Madhusudhan, —, ” Madhusudhan, ”, Savvas Constantinou Organizations: CNN, James Webb Space Telescope, NASA, Hubble, University of Cambridge, Astrophysical

☆ Astronomers aren't crying 'aliens' yet, but NASA's James Webb Space Telescope is making this planet look a lot more habitable
▼ + stars: | 2023-09-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

NASA's James Webb Space Telescope discovered signs of a vast ocean on the planet K2-18 b. Astronomers can't directly look at the surface of the planet, called K2-18 b, but Webb analyzed its atmosphere for hints of what may lie below. That's a strong mark against the molecule's existence on K2-18 b. Confirming these findings requires a lot more observation of K2-18 b. As Blain put it: "K2-18 b is not exactly an Earth twin."

Persons: NASA's James Webb, Webb, James Webb, Madhusudhan, That's, Aaron Gronstal, Doriann Blain, Max Planck, Blain, peered, Webb’s, Crawford, J, Olmsted, haven't, Eliza Kempton, we've, Markus Scheucher, Kempton, I'd, there's, Marianne Guenot Organizations: NASA's James Webb Space Telescope, Service, NASA, University of Cambridge, DMS, Max, Max Planck Institute, Astronomy, Hubble, European Space Agency, CSA, ESA, Cambridge University, Astrophysical Journal, University of Maryland, Jet Propulsion Laboratory Locations: Wall, Silicon

☆ Anduril founder Palmer Luckey says the ChatGPT buzz is making politicians more interested in AI-powered weapons
▼ + stars: | 2023-09-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Palmer Luckey told Breaking Defense the ChatGPT hype is making politicians interested in AI weapons. While Luckey may be best known as the founder of Oculus, in 2017 he created a defense tech startup called Anduril Industries. In a recent interview with Breaking Defense, Luckey said "ChatGPT has probably been more helpful to Anduril with customers and politicians than any technology in the last 10 years." Luckey, who referred to Anduril as an "AI company," clarified to Breaking Defense that ChatGPT wasn't actually powering Anduril's products. It builds military technology including drones, surveillance towers, and underwater vehicles powered by its AI software system, Lattice.

Persons: Palmer Luckey, Luckey, he's, that's, Palmer, ChatGPT, you'll, futher, Anduril, Andreessen Horowitz, Lockheed Martin, Trump, we've Organizations: Breaking Defense, Capitol, Pentagon, Service, Anduril Industries, Defense, Blue Force Technologies, TechCrunch, Founders Fund, Boeing, Lockheed, Department of Defense, Department of Homeland Security, CNBC, Special, Command, US Customs, Protection, Jaan, Skype, Cambridge Centre, Life Locations: Wall, Silicon, Jaan Tallinn

☆ The Fed won't raise interest rates this month but rising oil prices could spur a future increase, top economist Mohamed El-Erian says
▼ + stars: | 2023-09-08 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The Fed won't raise interest rates at its next meeting, but could leave the door open for future increases, Mohamed El-Erian said. A stronger-than-expected US economy and rising oil prices are key reasons why further hikes could be on the table. Over the past six quarters, the Fed has hiked interest rates from near-zero levels to upward of 5% in a bid to cool historically high inflation. Further more, higher oil prices are also adding to the Fed's inflation problem, El-Erian noted. Crude oil prices have creeped back up toward $90 a barrel – the highest level in 2023 – as global producers, including Russia and Saudi Arabia, continue to extend output cuts in order to maintain price stability.

Persons: Mohamed El, Erian, it's Organizations: Service, Queen's College , Cambridge, CNBC, Allianz, Fed Locations: Wall, Silicon, Russia, Saudi Arabia

☆ Israeli Scientists Create Model of Human Embryo Without Eggs or Sperm
▼ + stars: | 2023-09-07 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

REHOVOT, Israel (Reuters) - Scientists in Israel have created a model of a human embryo from stem cells in the laboratory, without using sperm, eggs or a womb, offering a unique glimpse into the early stages of embryonic development. "The question is, when does an embryo model become considered an embryo? At the moment we are really, really far off from that point," said team leader Jacob Hanna. "None of these models fully recapitulate natural human development but each adds to ways in which many aspects of human development can now be studied experimentally," she said. The study raises some ethical questions over the possibility of potential future manipulation in human embryo development, Hanna and others noted.

Persons: Jacob Hanna, Hanna, Magdalena Żernicka, Goetz, Rami Amichay, Ari Rabinovitch, Mark Heinrich Organizations: Israel's Weizmann Institute of Science, International Society for Stem Cell Research, University of Cambridge Locations: REHOVOT, Israel, Boston

☆ US jobless claims hit lowest level since February; productivity strongest in years
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

Initial claims for state unemployment benefits fell 13,000 to 216,000 in the week ended Sept. 2 from a revised 229,000 in the prior week, the Labor Department said on Thursday. That was the lowest since the same level was touched in the week ended Feb. 11 and it marked the fourth straight weekly decline. Economists polled by Reuters had forecast new claims would rise to 234,000 in the latest week. That was the lowest since the same level was hit in the week ended July 15. Overall, the jobless claims figures show the U.S. job market appears in no danger of rolling over in the near term.

Persons: Brian Snyder, Dan Burns, Chizu Nomiyama, Paul Simao Organizations: REUTERS, Labor Department, Reuters, Federal Reserve, Thomson Locations: Cambridge , Massachusetts, U.S

☆ Carlyle weighs options for 'RuneScape' creator Jagex, sources say
▼ + stars: | 2023-09-07 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +1 min

LONDON, Sept 7 (Reuters) - Carlyle (CG.O) is weighing options for its UK video games maker Jagex, a business which could be valued as high as 1 billion pounds ($1.25 billion), two people familiar with the matter told Reuters. The sources cautioned a deal is not certain and subject to market conditions, asking not to be identified because the matter is confidential. Jagex, Morgan Stanley and Aream did not immediately return requests for comment. Carlyle, which has $376 billion under management, bought Jagex from the U.S. holding firm Macarthur Fortune Holding in January 2021 for a reported $530 million. It could fetch up to 15x EBITDA, or between 900 million pounds and 1 billion pounds, in the event of a sale, they added.

Persons: Carlyle, Morgan Stanley, Jagex, Aream, Amy, Jo Crowley, Sharon Singleton Organizations: Reuters, The U.S, Aream, Macarthur Fortune Holding, Financial Times, Thomson Locations: Cambridge

☆ Israeli scientists create model of human embryo without eggs or sperm
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

The Israeli team emphasised that they were a long way from being able to create an embryo from scratch. "The question is, when does an embryo model become considered an embryo? At the moment we are really, really far off from that point," said team leader Jacob Hanna. "None of these models fully recapitulate natural human development but each adds to ways in which many aspects of human development can now be studied experimentally," she said. The study raises some ethical questions over the possibility of potential future manipulation in human embryo development, Hanna and others noted.

Persons: Mehmet Yunus Comar, Jacob Hanna, Hanna, Magdalena Żernicka, Goetz, Rami Amichay, Ari Rabinovitch, Mark Heinrich Our Organizations: Weizmann Institute of Science, Israel's Weizmann Institute of Science, International Society for Stem Cell Research, University of Cambridge, Thomson Locations: Rehovot, Israel, Boston

Arm kicked off its roadshow in Baltimore, where influential asset manager T Rowe Price is headquartered, underscoring the fund manager's significance in big IPOs. Arm disclosed the proposed range would value it at between $48 billion and $52 billion. The valuation that Arm is chasing represents a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from its $100 billion Vision Fund. Jamie Mills O’Brien, portfolio manager at British fund manager Abrdn, said he found SoftBank's valuation ask in the IPO "more palatable than initially discussed." Unlike most loss-making but high-growth tech companies that debut with lofty valuations but later plummet below list price, Arm is profitable.

Persons: Group's, T Rowe Price, SoftBank, Jamie Mills O’Brien, Abrdn, Arm, Dado Ruvic, Sara Russo, Bernstein, Goldman Sachs, JPMorgan Chase, Manya Saini, Pablo Mayo, Arun Koyyur, Nick Zieminski Organizations: Arm Holdings, Rivian Automotive Inc, Sands, Cambridge, Vision, Nvidia Corp, Apple, Nvidia, Devices, Intel, Samsung Electronics, REUTERS, Acorn Computers, Apple Computer, VLSI Technology, London Stock Exchange, Nasdaq, SoftBank, Inc, Reuters, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Pablo Mayo Cerqueiro, Thomson Locations: Baltimore, Arlington , Virginia, England, China, United States, Bengaluru, London, Lincoln

☆ SoftBank’s reduced Arm price tag is still too high
▼ + stars: | 2023-09-05 | by ( Liam Proud | ) www.reuters.com time to read: +7 min

The lesson for SoftBank and Arm is clear: chip investors are laser-focused on medium-term operating profit, not just revenue. Reuters GraphicsThere are three key moving parts to Arm’s valuation. Under SoftBank, Arm’s operating margin has dropped to around 25%, from roughly 40% in 2015 – a consequence of Son’s preference for heavy investments in research. If Arm nabbed the same multiple, its enterprise value would be $33 billion, using the above growth and operating margin. To mimic and sustain Nvidia-esque growth, Arm CEO Rene Haas would have to keep ramping up investments in engineers and sales teams, which would weigh on margins.

Persons: SoftBank, Masayoshi Son, Bernstein, they’ll, Rene Haas, SoftBank’s, it’s, George Hay, Katrina Hamlin, Oliver Taslic Organizations: Reuters, SoftBank, Nvidia, Cadence Design Systems, LSEG, Reuters Graphics, Apple, Devices, Vision Fund, Nasdaq, Thomson Locations: Cambridge, Saudi Arabia

☆ Arm IPO: British chip designer targets valuation of $52 billion. Apple, Google and Nvidia show interest
▼ + stars: | 2023-09-05 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

That could rise to $5.2 billion if the banks underwriting the IPO exercise an option to buy additional shares from SoftBank. In 2020, SoftBank tried to offload Arm to Nvidia for $40 billion, in what would have been the biggest chip deal of all time. The company’s return to the public market is being closely watched as it promises to be the biggest US IPO since 2021. Arm made nearly $2.7 billion in revenue in the fiscal year ended March, according to its prospectus. SoftBank will continue to own approximately 90% of Arm’s shares following the listing, according to the filing.

Persons: SoftBank, Japan’s SoftBank, It’s Organizations: London CNN, Big Tech, Nasdaq, Securities and Exchange Commission, Apple, Google, Nvidia, AMD, Samsung, Intel, Vision, Porsche Locations: British, SoftBank, Cambridge, Frankfurt

☆ One of the world’s oldest synagogues reopens in Egypt
▼ + stars: | 2023-09-04 | by ( Aimee Look | ) edition.cnn.com time to read: +3 min

CNN —Egypt has reopened one of the world’s oldest synagogues and home to the most significant single trove of Jewish manuscripts. A copy of the "Torah scrolls" at the newly restored Ben Ezra Synagogue, Egypt's oldest Jewish temple, after decade-long restoration, in old Cairo, Egypt. It awarded Drops of Milk a grant in 2017 to fund their restoration efforts of the remaining synagogues in Egypt, including Ben Ezra, Bertini said. The Ark and "Menorah" at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt. The "Bimah," also known in Arabic as al-minbar, is pictured at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt.

Persons: Ben Ezra, Mostafa Madbouly, Abraham ibn Ezra, Moses Maimonides, Maimonides, Moses, Amr Abdallah Dalsh, Egypt’s MOTA, Louise Bertini, ARCE, Bertini, “ There’s, Abel Fattah al, Sisi, Khaled Fahmy Organizations: CNN, Ministry of Tourism and Antiquities, Cambridge University Library, Milk Association, American Research Centre, UNESCO, Heritage Locations: Egypt, Egypt's, Cairo

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