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☆ UniCredit tops profit forecast, buys cloud-based bank
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +1 min

Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million). UniCredit said the purchase of Belgian bank Aion and its cloud-based core banking system Vodeno would add a team of 200 engineers, developers and data scientists. To address this, UniCredit's rival Intesa Sanpaolo for example is partnering with British cloud banking technology provider ThoughtMachine. "The transaction represents one of the first moves by a bank to acquire full ownership of a new technology (without any dependencies from third party core banking providers)," UniCredit said. Net profit in the second quarter rose 5% from the previous three months to 2.7 billion euros, surpassing a 2.4 billion euro average forecast from analysts polled by the bank as revenues held up better than anticipated.

Persons: Andrea Orcel, UniCredit, Banks, Intesa Sanpaolo Organizations: UniCredit, UBS, Banco, Belgian Locations: Belgian, Aion

☆ Read the memo from CrowdStrike explaining how its update broke the world's computers
▼ + stars: | 2024-07-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +11 min

The issue on Friday involved a Rapid Response Content update with an undetected error. Rapid Response Content Testing and DeploymentRapid Response Content is delivered as content configuration updates to the Falcon sensor. This release followed all Sensor Content testing procedures outlined above in the Sensor Content section. Software Resiliency and TestingImprove Rapid Response Content testing by using testing types such as: Local developer testing Content update and rollback testing Stress testing, fuzzing and fault injection Stability testing Content interface testingAdd additional validation checks to the Content Validator for Rapid Response Content. Rapid Response Content DeploymentImplement a staggered deployment strategy for Rapid Response Content in which updates are gradually deployed to larger portions of the sensor base, starting with a canary deployment.

Persons: —, CrowdStrike Organizations: Delta Air Lines, Windows, Linux, IPC

☆ Delta’s CEO went to Paris Olympics as his airline struggles to recover from massive meltdown
▼ + stars: | 2024-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Meanwhile, Bastian traveled to Paris for the Olympics, accordingly, where Delta is a sponsor of the US Olympic Team. Ed remains fully engaged with senior operations leaders.”Delta Air Lines CEO Ed Bastian traveled to Paris Wednesday for the start of the Olympics later this week as the airline works to recover from a five-day service meltdown. Jeenah Moon/Bloomberg/Getty Images/FileBastian flew to Paris on a Delta commercial flight, not a private jet, the airline said. As the official airline of the US Olympic Team, the company is flying athletes, coaches and other support staff to Paris. “Unless you’re going to the Olympics, people aren’t going to Paris… very few are,” Bastian told CNBC.

Persons: Ed Bastian, Delta, Bastian, “ Ed, ”, Ed, CrowdStrike, Jessica McGowan, ” Bastian Organizations: New, New York CNN, Olympics, US Olympic, CNN, Delta Air, Paris Wednesday, Bloomberg, Getty, US Olympic Team, Olympic, Delta, Delta Air Lines, Hartsfield International Airport, CNBC, “ Locations: New York, Paris, Delta, Atlanta

☆ CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
▼ + stars: | 2024-07-24 | by ( Kevin Williams | ) www.cnbc.com time to read: +3 min

Jain's hypothetical seemed prescient when a quality control issue from cybersecurity firm CrowdStrike caused a worldwide IT outage that halted flights and freight, shuttered retail outlets, and caused hospitals to resort to charting on paper. "Insurers have been worried about something like what happened with CrowdStrike since cloud adoption happened," said Dale Gonzales, chief innovation officer at Axio, a cyber security risk analysis company. Fitch estimates that the number of insured losses will not exceed $10 billion, ending somewhere in the mid- to high-single billions and that the industry largely priced those in. The cybersecurity insurance market did get lucky, in some respects, with the CrowdStrike meltdown. "Cyber events that have more of a physical consequence would be much bigger in size or scope in terms of losses," Glombicki said.

Persons: Warren Buffett, Ajit Jain, Jain, CrowdStrike, Dale Gonzales, Gerald Glombicki, Fitch, Glombicki Organizations: Microsoft Corp, Fitch Locations: New Delhi, India, Berkshire, Fitch Rating's, Australia, Pacific Asia, U.S

☆ Nasdaq tracks for worst day since 2022 after Alphabet and Tesla fail to impress Wall Street
▼ + stars: | 2024-07-24 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Tech shares led a selloff Wednesday after lackluster earnings reports from two of the market’s most prominent heavyweights. The Nasdaq Composite declined 3%, on pace for its worst daily percentage decline since December 2022. The electric vehicle maker faces growing competition from established automakers domestically and internationally and a slowdown in EV sales growth. Wall Street has rotated out of the tech bigwigs that led stocks higher over the past year in favor of smaller stocks that have been beaten down by sky-high rates. The Russell 2000, which tracks the performance of US small-cap stocks, is up 9.3% for the month, outperforming the S&P 500’s 0.1% loss.

Persons: didn’t, Russell, cybercriminals, Biden Organizations: New, New York CNN — Tech, Nasdaq, Dow, YouTube, Federal Reserve, Investors, Bloomberg Locations: New York, China

☆ Delta is finally starting emerging from chaos. Why didn’t it learn from Southwest’s meltdown?
▼ + stars: | 2024-07-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

The situation finally appeared to be returning to normal Wednesday: Delta canceled only 51 flights as of 6 am ET, according to tracking service FlightAware, or only about 1% of its schedule. But it could still take days to get all Delta passengers who had been booked on those canceled flights to where they wanted to go. Delta passengers try to find their bags after canceled and delayed flights at Hartsfield-Jackson Atlanta International Airport on Monday. But it’s not like Delta executives were sitting on the sidelines during Southwest’s struggles thinking, “’Well we really are an amazing airline. Travelers wait in line at the Southwest Airlines ticketing counter at Nashville International Airport after the airline canceled thousands of flights in Nashville, Tennessee in December 2022.

Persons: New York CNN — It’s, Delta, Jessica McGowan, Kathleen Bangs, Ed Bastian, it’s, ’ ” Bangs, Seth Herald, We’ve, Chris Perry, Bangs, she’d, aren’t, ” Organizations: New, New York CNN, Delta Air Lines, Delta Connection, Delta, Department of Transportation, Hartsfield, Jackson Atlanta International Airport, CNN, “, Southwest Airlines, Nashville International, Getty, Southwest Locations: New York, Atlanta, Southwest, Nashville , Tennessee, AFP

☆ NASA’s Chandra Observatory just celebrated 25 years in space. Budget cuts could threaten its future
▼ + stars: | 2024-07-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Chandra X-ray Observatory Center/NASASo far, Chandra has taken nearly 25,000 observations of the universe. Chandra X-ray Observatory Center/NASAShortly after launch, the observatory focused on what has become an iconic celestial target: supernova remnant Cassiopeia A. Chandra has returned to this feature again and again, revealing new insights each time. Chandra X-ray Observatory Center/NASA“Before Chandra, it was known that there was a sort of diffuse haze of X-ray emission coming from all directions in the sky. The NASA budget allotment for Chandra will gradually dwindle in the coming years, based on the agency’s budget request released in March. Chandra X-ray Observatory Center/NASADespite 25 years spent in space, Chandra remains in good health and virtually all of the spacecraft’s systems are in good condition, Slane said.

Persons: NASA’s Chandra, Chandra, Subrahmanyan Chandrasekhar, Eileen Collins, ” Collins, ”, Pat Slane, astrophysicists Riccardo Giacconi, Harvey Tananbaum, NASA’s, Slane, Chandra’s, ” Slane, “ Organizations: CNN, NASA, Center, Astrophysics | Harvard & Smithsonian, Hubble, Telescope, Spitzer, Compton Gamma, “ NASA, Chandra Locations: Columbia, Cambridge , Massachusetts, “

☆ Elon Musk is probably getting a little nervous
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla on Tuesday had a lackluster earnings report that revealed the electric vehicle maker once again missed investor expectations. And Elon Musk is probably a little nervous. Advertisement"I want to be clear that was in Tesla's interest, not contrary to Tesla's interest," Musk said. In Q2 earnings, Tesla reported a 7% decrease in year-over-year automotive revenue, which contributed to the company's diminished profits.

Persons: —, Tesla, Elon Musk, Musk, xAI, Gene Munster, Dan Coatsworth, AJ Bell, Musk's, doesn't, Coatsworth Organizations: Service, Business, Deepwater Asset Management, CNBC, Tesla, Reuters

☆ The Solution for High Rents and Home Prices: Fewer Stairs
▼ + stars: | 2024-07-24 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

More specifically, they're taking aim at a widespread rule that requires almost every new apartment building in the US to include at least two separate stairwells. This part of local codes, they say, is an outdated safety measure that really just makes apartment units smaller, more expensive, and darker (yes, darker). City planners there sometimes call these single-stair buildings "Seattle Specials" — they simply wouldn't be possible in pretty much any other city. Almost all of Europe, as well as Asia, Mexico and South America, allows single-stair buildings of six stories or higher. Germany allows single-stair buildings to stretch to about 20 stories, while Switzerland has no such limit.

Persons: Chris Gannon, Gannon, Stephen Smith, Michael Eliason, Eliason, James F, Brian Court, We're, Sean Jursnick, Jursnick Organizations: City Council, Center for, Housel, Miller Hull Partnership, Eliason, City, Fire Protection Association Locations: Texas, Austin, Seattle, New York City, America, California, Minnesota, Washington and Oregon, North America, It's, Union, Seattle's, Hill, Denver, Europe, Asia, Mexico, South America, Germany, Switzerland, Honolulu, California , Oregon, Washington

☆ Cold showers: What the science says about the benefits
▼ + stars: | 2024-07-24 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

This practice is known as cold water immersion, a type of cryotherapy or cold therapy — which can be applied for medical or therapeutic purposes in various ways. In modern times, some people wonder if cold showers, a more accessible form of this trend, could also do the trick. Taking cold showers may have benefits for your mental and cardiovascular health, experts say. But experts have ideas for why cold showers might work, based on what scientific and anecdotal evidence there is, he added. Taking a cold showerIf you want to try taking cold showers and have been cleared by your doctor, start small, experts said.

Persons: ”, Corey Simon, Simon, “, —, Rachelle Reed, Reed, Simon isn’t, ” Reed, Reed can’t Organizations: CNN, Duke University, Duke Aging Locations: Greece, Athens , Georgia, Netherlands

☆ Twice-yearly shot proves successful at preventing HIV infection among women, trial data shows
▼ + stars: | 2024-07-24 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +9 min

CNN —Two shots a year of a drug currently used to treat HIV infections were dramatically effective at preventing infections in a study among young women and adolescent girls in Africa. The twice-yearly injection of the drug lenacapavir can provide total protection against HIV infections, demonstrating 100% efficacy in Phase 3 trial data released by drugmaker Gilead and published Wednesday in the New England Journal of Medicine. The twice-a-year injections of lenacapavir could add another option at preventing HIV infections to the toolbox. The latest Phase 3 findings are part of Gilead’s PURPOSE program, which comprises five HIV prevention trials around the world. “While Gilead awaits additional phase 3 clinical trial data and the potential regulatory filings for HIV prevention administered twice-yearly, it is too early to state the price of lenacapavir for PrEP (prevention).

Persons: drugmaker Gilead, ” Linda, Gail Bekker, Desmond Tutu, “, ”, Dan Barouch, hasn’t, Gilead, Dr, Jason Zucker, Barouch, ” Zucker, Lenacapavir, Gilead spokeperson, lenacapavir, Sanjay Gupta, Daniel O’Day Organizations: CNN, New England, of Medicine, International AIDS, PrEP, University of Cape, International AIDS Society, Center, Virology, Vaccine, Beth Israel Deaconess Medical, United, lenacapavir, Columbia University Irving Medical Center, ”, US Food and Drug Administration, AIDS, CNN Health, People’s Medicines Alliance, Medicines Locations: Africa, Munich, University of Cape Town, South Africa, Uganda, Argentina, Brazil, Mexico, Peru, Thailand, United States, United Kingdom, Germany, Gilead, Europe

☆ Mark Zuckerberg is tired of playing by Apple's rules
▼ + stars: | 2024-07-24 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Read previewMark Zuckerberg sounds tired of having to navigate Apple's restrictions. "One of my formative experiences has been building our services constrained by what Apple will let us build on their platforms," Zuckerberg wrote. Zuckerberg expanded on his critique of Apple in an interview with AI news YouTuber Rowan Cheung, also published Tuesday. "Compared to the Apple approach of coupling your operating system with the device, the Windows approach was a more open ecosystem," he said. AdvertisementAnd Zuckerberg hopes Meta will also be on the winning side.

Persons: —, Zuckerberg, OpenAI, Rowan Cheung, doesn't, David Wehner, Zuck, Meta, I've Organizations: Service, Apple, Business, Meta, Apple Intelligence

☆ A US Air Force B-2 stealth bomber helped sink an old warship in the Pacific with new anti-ship QUICKSINK bombs
▼ + stars: | 2024-07-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA US Air Force B-2 Spirit stealth bomber used a new anti-ship munition to sink a decommissioned warship during a series of recent live-fire drills with partner forces in the Pacific Ocean, the US Navy said this week. US Air Force photo / 1st Lt Lindsey Heflin"This capability is an answer to an urgent need to quickly neutralize maritime threats over massive expanses of ocean around the world at minimal costs," it added. Over the years, the various elements of the US armed forces have been pursuing more and more anti-ship capabilities. AdvertisementIn addition to B-2s dropping QUICKSINK bombs, a US Navy F/A-18F Super Hornet used a Long-Range Anti-Ship Missile, or LRASM, to help sink the Tarawa.

Persons: —, Lindsey Heflin, Royal Netherlands Navy De Zeven, Tromp, Cristian Schrik, John Wade Organizations: Service, Air Force, US Navy, Business, Defense, Research, Engineering, US Air Force, Air Force Research Laboratory, Navy, Ship, Fleet, Malaysian, Royal, Royal Netherlands Navy, US, Task Force Locations: Hawaii, Pacific, Dubuque, South, Royal Netherlands

☆ CrowdStrike says bug in quality control process led to botched update
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +2 min

A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday. "Due to a bug in the Content Validator, one of the two Template Instances passed validation despite containing problematic content data," CrowdStrike said in a statement, referring to the failure of an internal quality control mechanism that allowed the problematic data to slip through the company's own safety checks. CrowdStrike did not say what that content data was, nor why it was problematic. CrowdStrike said it had added a "new check" to its quality control process in a bid to prevent the issue from occurring again. Wednesday's statement was in line with a widely held assessment from cybersecurity experts that something in CrowdStrike's quality control process had gone badly wrong.

Persons: CrowdStrike, George Kurtz Organizations: Rome Fiumicino, Microsoft, U.S . House, Representatives Homeland Locations: Rome, Italy, U.S

☆ How CrowdStrike caused a global IT meltdown and what comes next
▼ + stars: | 2024-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +24 min

But this was not a Microsoft issue. Tom ChittyWe're going to talk more about who CrowdStrike are, I think, you know, some people would probably never have heard of CrowdStrike. Lots and lots and lots of global businesses rely on CrowdStrike for their security. I had first seen that and thought it was a Microsoft issue, the reason why Windows crashed on my PC. It was a CrowdStrike issue.

Persons: Tom Chitty, We'll, I've, Arjun Kharpal, you've, Tom Chitty We're, let's, Arjun Kharpal CrowdStrike, George Kurtz, Kharpal, CrowdStrike, they're, it's, they've, Tom Chitty Well, what's, Arjun Kharpal We'd, Iyou, It's, who've, there's, Ciaran Martin, Patrick Anderson, Arjun, Tom, Tom Chitty We'll Organizations: Microsoft, Industries, CNBC, Netflix, NBC, Sky News, Tom Chitty Airlines, Civil Aviation, CrowdStrike, U.S, Board, U.S . Homeland Security Department, Google, National Cybersecurity Center, Anderson Economic Group, CNN Locations: U.S, beyondthevalley@cnbc.com, CNBC's London, London, Europe, China, Russia, Arjun Kharpal China, Moscow, what's, Michigan

☆ Delta has to manually reset each computer system affected by the mass IT outage
▼ + stars: | 2024-07-23 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

As most airlines began to recover following the technology issues, Delta has struggled to restore operations to full capacity, now resorting to manually resetting each system affected by the meltdown. AdvertisementIt explained that the airline's crew-tracking-related tool, which ensures flights are fully staffed, has needed manual support to repair. The airline with the next highest number of cancellations was United Airlines, with 694 cancellations. AdvertisementSince Friday, Delta has canceled over 5,000 flights, per FlightAware data. Delta canceled 394 flights on Tuesday as of 6.50 a.m.

Persons: —, Delta, Ed Bastian Organizations: Service, Lines, Business, Delta, Microsoft, United Airlines, United, Jackson Atlanta International Airport Locations: Texas, Delta, Delta's, Hartsfield

☆ A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
▼ + stars: | 2024-07-23 | by ( Hugh Son | ) www.cnbc.com time to read: +7 min

Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to be an especially lucrative target for criminals. In early July, Robillard told CNBC she had no idea whether she would ever see her money again. Courtesy: Rana RobillardRobillard says she decided to publicize her story to boost awareness of real estate wire fraud, besides being a last-ditch attempt at getting her money back. "This is not what I thought my public representation would look like, which is that I've lost all this money," Robillard said. While Martinez, California-based Compass Mortgage denies being hacked, it acknowledged that the email with wire directions wasn't from them, according to Robillard.

Persons: Rana Robillard, she'd, Robillard, HackerOne, Fraudsters, Naftali Harris, Harris, Charles Schwab, she's, —, Robillard Robillard, I've, it's, should've, Kristy Aichinger, Aichinger, Kent Donahue, Donahue didn't Organizations: JPMorgan Chase, CNBC, Citigroup, Ally Bank, San, FBI, JPMorgan, Federal Trade Commission, Consumer Financial, Bureau, Chase, FTC, OS National, Opendoor, Robillard, Compass Mortgage Advisors, Mortgage Locations: Oakland, Orinda ,, California, Orinda, San Francisco, Real, Martinez

☆ The best Delta customers can hope for is a simple refund
▼ + stars: | 2024-07-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. The best Delta customers can hope for is a refund. AdvertisementCompensation policies for cancellations and delays are in the fine print of contracts between airlines and customers buying tickets. For airline customers in the US, Green recommended keeping receipts for tickets, cabs to connecting flights, and other expenses that Delta may reimburse for rebooked flights. Ordinary airline customers, he said, ought to consult their travel insurance policies.

Persons: —, They're, Pete Buttigieg, Mary Schiavo, Schiavo, Motley Rice, Justin T, Green, Mark Dombroff, Fox Rothschild, CrowdStrike, Buttigieg, Delta Organizations: Service, Business, Federal Aviation Administration, US Department of Transportation, Transportation, Falcon, Microsoft, Department of, Airlines, Kreindler LLP, Fox, of Transportation's, of Aviation, Protection, Delta Locations: FlightAware, Federal, Europe, Delta

Involuntary bank account closures often occur when a financial institution detects unusual activity in a bank account — or there's no activity at all. Immediate steps to takeBelow, are two immediate steps to take if handling an unexpected bank account closure. Be sure to redirect your paychecks to a different bank account and stop any recurring deposits or online bill payments connected to the closed account. Preventing future account closuresOnce a bank account is closed, it usually can't be reopened. Involuntary bank account closure FAQsWhy would a bank close my account?

Persons: Banks Organizations: Consumer Financial Protection Bureau, Bank

☆ Ukraine takes delivery of another Patriot air-defense system, as Russian attacks ramp up
▼ + stars: | 2024-07-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +1 min

Ukraine's President Volodymyr Zelenskyy said another Patriot system had arrived from Germany. The air-defense system has been a key Ukrainian ask, but allies have been reluctant to give theirs. Zelenskyy also echoed his past concern that Ukraine needs far more as Russian air attacks escalate. AdvertisementUkraine has received another Patriot air-defense system to try to help it combat Russia's air attacks across the country. Ukrainian President Volodymyr Zelenskyy said in an address on Sunday that another Patriot system had arrived from Germany — Ukraine's third one from the country.

Persons: Volodymyr Zelenskyy, Zelenskyy, —, Germany — Organizations: Service, Business Locations: Germany, Ukraine

☆ Caught in the CrowdStrike Outage? Here’s How to Get Compensated.
▼ + stars: | 2024-07-23 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

The global software outage last week caused thousands of travelers flying in the United States and internationally to have their flights delayed, canceled or both. In the days that followed, some airlines were trying to reboot critical computer systems affected by the outage, with many of their passengers still stranded at airports. During a travel meltdown, it may seem nearly impossible for air travelers to find immediate help. Passengers who foot the bill for last-minute lodging and other expenses are entitled to reimbursement if their flights were impacted by an event in the airlines’ control, like the CrowdStrike outage. [Are you seeking compensation from an airline following the Crowdstrike outage?

Locations: United States

☆ Lebanon is 'not tank country' and an Israeli armored assault there exposes it to Hezbollah's firepower
▼ + stars: | 2024-07-23 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Towards the end of their 34-day war in 2006, the Israeli Army sent tanks into southern Lebanon. Advertisement"Out of the 400 tanks involved in the fighting in southern Lebanon, 48 were hit, 40 were damaged, and 20 penetrated. Israeli tanks suffered losses to Hezbollah during their 2006 war in Lebanon. Any cross-border incursion by Israeli armor would undoubtedly have cover and protection from accompanying infantry, artillery, aircraft, and drones. "The idea is that the first missile is taken out by an Israeli tank's Trophy defense system, but (that active protection system) doesn't have time to counter the second missile.

Persons: —, That's, Hassan Nasrallah, Israel, Nicholas Heras, Ryan Bohl, RANE, Nicholas Blanford, Blanford, RANE's Bohl, Spike ATGMs, Heras Organizations: Service, Business, Hezbollah, New Lines Institute, Israeli Army, GALI TIBBON, Getty, East, Hamas, Atlantic Council, Israel, IDF Locations: Israel, Iran, Lebanon, Lebanese, Russian, Wadi Saluki, Wadi Hujeir, GALI, Gaza, North Africa, Iranian

☆ What Delta passengers are entitled to in terms of compensation
▼ + stars: | 2024-07-23 | by ( Marnie Hunter | ) edition.cnn.com time to read: +7 min

And some weary, frustrated passengers were still trying to reconstruct travel plans or abandon them for compensation. Here’s what we know about what they’re entitled to and how passengers can make claims with the airline. What are Delta passengers entitled to? Delta lists a “right to a refund upon request” in a Monday afternoon update on what it’s doing to serve affected customers. Some passengers reported six-hour waits, and many affected passengers had trouble securing food and lodging over the weekend.

Persons: Pete Buttigieg, “, ” Buttigieg, Buttigieg, ”, ” Delta, CNN’s Chris Isidore, Isabel Rosales, Amanda Musa Organizations: CNN, Delta Air Lines, Department of Transportation, Delta, of Transportation, Transportation, Delta’s, Atlanta’s Hartsfield, Jackson, “, ”, USDOT, Baggage Service, Service, Command Locations: Delta, Atlanta

☆ The Greek islands are grappling with a water crisis as tourist season kicks into gear
▼ + stars: | 2024-07-23 | by ( Laura Paddison | Chris Liakos | ) edition.cnn.com time to read: +8 min

CNN —The Greek Islands, known for their idyllic towns, rugged landscapes and sun-baked beaches, are in the grip of a serious crisis. “They combine lack of water resources — shallow aquifers, rare rivers or dams — with a tremendous rise in water demand during summer,” he told CNN. Kottakis blamed the crisis on Leros on a failure to maintain the island’s two desalination units, which are both in disrepair. Tourism is “unsustainable and zero-planned,” which is leading to a tremendous rise in water demand, said Mylopoulos, the university professor. Multiple wildfires raged and at least six tourists, including British TV presenter and doctor Michael Moseley and an American tourist, died as high temperatures scorched the Greek islands.

Persons: ”, Dimitris Lianos, Lianos, what’s, Stelios Misinas, Nikitas Mylopoulos, Kostas Lagouvardos, Panagiotis, Krontiras, ” Kottakis, Timotheos Kottakis, Kottakis, Mylopoulos, Michael Moseley, Vassilis Psomas, ” Krontiras, ” CNN’s Allison Chinchar, Brandon Miller, Sara Tonks Organizations: CNN, Reuters, University of Thessaly, National Observatory of, Farmers, Greek Navy Locations: Crete, Kefalonia, Naxos, Prokopios, Greece, Cycaldes, “, National Observatory of Athens, Panagiotis Krontiras, Tinos, —, Lagouvardos, British, American, Sofiko, Corinth, Greece's Peloponnese

☆ The cofounder of MoviePass is raising $20 million from Amazon and Alphabet for a longevity-focused venture studio
▼ + stars: | 2024-07-23 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

MoviePass ousted Watt, along with its other cofounder Stacy Spikes, from the company two years before filing for bankruptcy. Since then, Watt has been building Share Ventures, a venture studio that's now closed on nearly $20 million of funding from backers including Amazon and Alphabet. Share Ventures has quietly been spinning up those startups and plans to start announcing them in the coming months. Oral health company Feno, one of Share Ventures' portfolio companies, is working on a smart toothbrush powered by AI. Share VenturesAI is supercharging the venture studio modelThreats to the venture capital industry, from high interest rates to the explosion of AI, aren't letting up.

Persons: —, Watt, MoviePass, Stacy Spikes, Spikes, he'd, It's, Smart, that's, they're Organizations: Service, HBO, Business, Share Ventures, Ventures, Oral

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