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☆ Lyft to pay $10 mln civil penalty over disclosure failures -SEC
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Prior to its public listing in March 2019, a Lyft board director arranged for the sale of $424 million worth of private shares through a special purpose vehicle affiliated with the director, the SEC said in a statement. Lyft did not disclose this information in its SEC filings for 2019, said the regulators, who did not disclose the director's name. Representatives for Lyft, which did not admit or deny the SEC allegations, did not respond immediately to requests for comment. The SEC said that Lyft was required to report details of the transaction because Lyft, which approved sale of the private sales, was a participant in the deal. The director left Lyft's board at the time of the transaction, regulators said.

Persons: Dado Ruvic, Lyft, Chris Prentice, Doina Chiacu, Katharine Jackson, Alexander Smith Organizations: REUTERS, WASHINGTON, Securities, Exchange Commission, SEC, Lyft, Thomson Locations: U.S, New York, Washington

☆ A US interceptor fighter nicknamed the 'Cornfield Bomber' once miraculously landed in one piece in a farm field after its pilot bailed out
▼ + stars: | 2023-09-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

An F-35 that went missing in South Carolina may have flown on autopilot for a time after its pilot ejected, though it's still unclear. In 1970, an aircraft nicknamed the "Cornfield Bomber" pulled off a surprising unmanned landing with only minor damage after it's pilot bailed out. AdvertisementAdvertisementWhile it's currently unclear what happened to the missing jet, it wouldn't be the first time a plane has carried on without its pilot. On February 2, 1970, pilot Maj. Gary Foust ejected from a Convair F-106 Delta Dart interceptor aircraft during a training exercise when the jet had entered a flat spin. After Foust ejected, the aircraft nose-dived before stabilizing, then remained airborne for a time, while Foust drifted around 8,000 feet above the ground in his parachute.

Persons: it's, haven't, Jeremy Huggins, Gary Foust, Foust Organizations: Service, South Carolina, Facebook, Base, NBC News, US Marine Corps, Joint, Charleston, NATO, Convair, Dart, National Museum of, US Air Force, McClellan Air Force Base Locations: South Carolina, Wall, Silicon, South, Soviet, Montana

☆ A missing F-35 stealth fighter may have kept flying after its pilot ejected. A pilotless Soviet jet once flew 500 miles before crashing in NATO territory.
▼ + stars: | 2023-09-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

An F-35 stealth fighter went missing after a pilot ejected during a "mishap" on Sunday afternoon. If it kept flying, as reports indicate it may have, it could echo a Cold War incident involving a Soviet aircraft. Toward the end of the Cold War, for example, one Soviet pilot witnessed his jet fly off without him after he ejected from it and continue flying for over 500 miles. On Sunday afternoon, Joint Base Charleston confirmed a "mishap involving an F-35B Lightning II jet" in which the pilot had to eject. The F-35 is considered to be a highly advanced fifth-generation fighter aircraft known for its high-end capabilities and stealth.

Persons: haven't, Jeremy Huggins, Huggins, Lockheed Martin Organizations: Soviet, Service, Base Charleston, Charleston didn't, Facebook, Charleston, Federal Aviation Administration, Joint Base, NBC News, US Marine Corps, Joint, The New York Times, Belgian, NATO, Convair, Dart, Washington Post, Marine Corps, Lockheed Locations: Wall, Silicon, South Carolina, Lake Moultrie, Lake Marion, Soviet, Belgium, Kortrijk, Poland, East, West Germany, Netherlands, Montana

Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsCompanies Wells Fargo & Co FollowSept 15 (Reuters) - The former head of Wells Fargo's (WFC.N) retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal. Prosecutors had sought a one-year prison term for Tolstedt, but the judge said it would unfairly make Tolstedt appear solely responsible for Wells Fargo's misconduct. That cap remains in place, though Wells Fargo remains the fourth-largest U.S. bank. Wells Fargo has also clawed back tens of millions of dollars of her pay.

Persons: Wells Fargo's, Carrie Tolstedt, Josephine Staton, Wells, Tolstedt, Martin Estrada, Wells Fargo, John Stumpf, Stumpf, Chris Prentice, Jonathan Stempel, Jaiveer Singh, Shounak Dasgupta, Matthew Lewis Organizations: REUTERS, Companies Wells, U.S, San, Wells, Prosecutors, Federal Reserve, Securities and Exchange Commission, Thomson Locations: Wells Fargo Bank, New York City, U.S, Los Angeles, San Francisco, America, Wells, New York, Bengaluru

☆ Ex-Russian general warns 'lies' may obscure the battlefield realities of how Ukraine's troops are gaining ground
▼ + stars: | 2023-09-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

An ex-Russian general said "lies" are obscuring the reality that Ukraine's troops are gaining ground. His Telegram message also said Russian victory is being prevented by "lies" and "false reporting." His points were sharply at odds with the victoriousness and censorship that often characterize Russian war commentary. A Ukrainian soldier of 42nd Separate Mechanized Brigade puts camouflage on a tank's muzzle on September 11, 2023 in Eastern Ukraine, Ukraine. While assuring Russian troops are stronger and will endure, adapt, and win, he added: "Victory is separated from us only by one serious problem of ours - lies.

Persons: Gurulyov, Andrey Gurulyov, Yan Dobronosov, Vladimir Putin's, he'd Organizations: Service, Southern Military, Separate Mechanized Brigade, Getty, Stingers Locations: Russian, Ukraine, Wall, Silicon, Moscow, Orikhiv, Azov, Ukrainian, Eastern Ukraine, Vladimir Putin's United Russia, Russia

☆ A spectacular attack in Crimea is part of Ukraine's effort to 'evict' Putin's navy from a prized Black Sea base, experts say
▼ + stars: | 2023-09-14 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +10 min

The attack also deals a harsh blow to the logistics and operations of Moscow's Black Sea Fleet. If the damage to the base is severe enough, it may impair the Black Sea Fleet's readiness. AdvertisementAdvertisementBeyond Sevastopol, the Black Sea Fleet doesn't have many alternative options when it comes to repairs and upgrades. AdvertisementAdvertisement"At the operational level of war, it appears that part of Ukraine's strategy is to impose cost on Black Sea Fleet operations. REUTERS/Alexey PavlishakIt remains to be seen what specific long-term effects on the Black Sea Fleet arise in the aftermath of the Sevastopol strikes.

Persons: Michael Petersen, Petersen, Ben Hodges, Hodges, Alexey Pavlishak Organizations: Service, Ukraine, Russia Maritime Studies, US Naval War College, Insider, Institute for, Sea, Kyiv, Telegram, REUTERS, US Army, Russia's, Black Locations: Ukraine, Russian, Crimea's Sevastopol, Wall, Silicon, Crimean, Ukrainian, Sevastopol, Moscow, Russia's, Minsk, Rostov, Kyiv, Crimea, Washington, Russia, Sevastopol —, Novorossiysk, US Army Europe

☆ Goldman Sachs fires several executives in transaction banking -memo
▼ + stars: | 2023-09-13 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Sept 13 (Reuters) - Goldman Sachs (GS.N) fired several executives in its transaction banking unit after they violated the firm's communications policy, according to a memo seen by Reuters on Wednesday. Philip Berlinski, the bank's treasurer, will take over day-to-day management of transaction banking alongside Akila Raman and Luc Teboul. The fired executives also failed to cooperate with Goldman Sachs' compliance department. The bank remains strongly committed to the transaction banking business, it said. Goldman Sachs was among the first wave of big banks regulators hit with stiff penalties for such recordkeeping failures.

Persons: Goldman Sachs, Andrew Kelly, Philip Berlinski, Akila Raman, Luc Teboul, Berlinski, Hari Moorthy, Moorthy, Saeed Azhar, Chris Prentice, Leslie Adler, Lananh Nguyen, Josie Kao Organizations: REUTERS, Reuters, FINRA's, Wall Street, Thomson Locations: Manhattan , New York, U.S

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. A lawyer for Stoner Cats did not respond immediately to requests for comment. Stoner Cats is an adult animated series about house cats that become sentient after being exposed to their owner's medical marijuana, which is used to alleviate early Alzheimer's symptoms. The NFTs provided holders with exclusive access to watch "Stoner Cats" online.

Persons: Andrew Kelly, NFTs, Jane Fonda, Mila Kunis, Ashton Kutcher, Seth MacFarlane, Chris Rock, Stoner, Carolyn Welshans, Jonathan Stempel, Chris Prentice, Deepa Babington Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Stoner, U.S, Securities, SEC, Investors, Stoner Cats, Thomson Locations: Washington ,, New York

☆ North Korea's new missile sub looks kind of shoddy, but the US and its allies can't afford to ignore it
▼ + stars: | 2023-09-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

On Friday, North Korea's state media announced the launch of its new "Korean-style" ballistic missile submarine. It's possibly the same Romeo sub that was being reworked when Kim visited the shipyard in July 2019. North Korea acquired some of them from China but also built some of its own. It also shows that North Korea is actively prioritizing new nuclear capabilities for its Navy. Although work would go slowly, it'll give North Korea another way to add to its nuclear strike power.

Persons: Kim Kun, Kim Jong, Kim, Bryan Clark, Tom Shugart, submariner, it's, it'll, Clark Organizations: Service, North, Sinpho, Shipyard, US Navy, Hudson Institute, Reuters, Korean, Navy Locations: Korea, North Korea, Wall, Silicon, South Korea, Japan, Koreans, Soviet Union, China, Korean

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. YieldStreet, a New York investment firm that offers alternative assets to investors, failed to disclose a heightened risk related to the collateral behind one of its securities offerings, the SEC said in a statement. In September 2019, YieldStreet offered securities to finance a loan it made to companies to transport and deconstruct a retired ship. It did not tell investors of a heightened risk that they would not be able to seize the ship if the borrowers stole the funds and defaulted, as they ultimately did. Reporting by Chris Prentice; editing by Jonathan Oatis and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, YieldStreet, Osman Nawaz, Chris Prentice, Jonathan Oatis, Paul Simao Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Yieldstreet Inc, U.S, Securities, YieldStreet, Thomson Locations: Washington ,, New York

☆ A day after the big Tesla upgrade that moved the market, one analyst disagrees. Here's why
▼ + stars: | 2023-09-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Not all analysts on Wall Street are convinced Tesla 's in-house computer technology is enough to push shares higher. The analyst did not provide a forecast price target and said he now expects flat year-over-year automotive sales gross margin in 2024, minus vehicle credits and incentives. What underpinned the Morgan Stanley upgrade on Tesla was optimism toward the company's effort with Dojo, an in-house supercomputer that is meant to train autonomous driving software. Tesla has been on a price-cutting spree for much of 2023, with markdowns to both the Model 3 and Model Y . While the analyst remains "sympathetic" over the long term on Tesla, he said, "We think that there is too much near-term uncertainty post its repeated price cuts."

Persons: Tesla, Morgan Stanley's Adam Jonas, — Needham, Needham, Chris Pierce, Morgan Stanley, Pierce, markdowns, reboots, Michael Bloom

☆ Tesla price cuts will continue as mid- and lower-end EV competition grows, says Chris Pierce
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla price cuts will continue as mid- and lower-end EV competition grows, says Chris PierceNeedham's Chris Pierce joins 'The Exchange' to discuss his hold call for Tesla, Tesla's struggle to beat expectations given ongoing price cuts, and Tesla's EV competition with China.

Persons: Chris Pierce Needham's Chris Pierce, Tesla Locations: China

☆ Putin says the US will be out to get Russia no matter who's elected president in 2024. Tell that to frontrunners like Trump.
▼ + stars: | 2023-09-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Putin says the US will "perceive Russia as an existential enemy" regardless of who wins 2024. But top GOP candidates like Trump and DeSantis are skeptical about US involvement in Ukraine. But plenty of Republican primary candidates, including former President Donald Trump and Florida Gov. Ambassador Nikki Haley participate in the first GOP primary debate on August 23, 2023 in Milwaukee, Wisconsin. Win McNamee/Getty ImagesThe seeming lack of Republican support is mirrored by GOP primary nominee candidates as well, especially the party's clear frontrunner, Trump.

Persons: Putin, Vladimir Putin, Donald Trump, Ron DeSantis, Washington, Vladimir Putin's, Biden, Vivek Ramaswamy, Nikki Haley, Win McNamee, Trump, didn't, could've, DeSantis, Tucker Carlson, Mike Pence, Haley, Taiwan's, we'd Organizations: Trump, Service, Florida Gov, AP, White House, CBS, GOP, CNN, Fox News, European Council, Foreign Relations, Putin, NATO, Republican, ABC News, South Carolina Gov, Ukraine Locations: Russia, Ukraine, Wall, Silicon, Russian, Vladivostok, Milwaukee , Wisconsin, Chinese, Moscow, China, Poland, Baltics

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday said it has charged a former national office leader at audit firm Marcum LLP over quality control failures, the regulator said in a statement. The SEC said Alfonse Gregory Giugliano, a certified public accountant, failed to sufficiently address and remediate deficiencies in the firm's quality control system. In his role as a National Assurance Services Leader, he was aware of numerous deficiencies in Marcum's quality control system, the SEC said. The SEC in June charged marcum with a $10 million penalty for standards violations related to its audit work for hundreds of special purpose acquisition companies, or SPACs.

Persons: Andrew Kelly, Marcum, Alfonse Gregory Giugliano, Giugliano, Nikola, Chris Prentice, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, National Assurance Services Leader, DraftKings Inc, Thomson Locations: Washington ,

Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. A centralized registry would also make it easier for the government to identify repeat offenders and deter potential fraudsters, Goldsmith Romero said. Goldsmith Romero had suggested the registry several years ago while serving as the watchdog of a key 2009 financial crisis bailout program. In Goldsmith Romero's previous role, the government watchdog did launch a database of such financial crimes related to the Troubled Asset Relief Program. Such a centralized database could serve as a model for a larger, national registry that federal regulators could organize and that state regulators could also participate in.

Persons: Andrew Kelly, Christy Goldsmith Romero, Goldsmith Romero, Goldsmith Romero's, Chris Prentice, Leslie Adler Organizations: US, Futures Trading Commission, Washington , D.C, REUTERS, fraudsters, CFTC, Reuters, Troubled Asset, Thomson Locations: Washington ,, U.S

☆ North Korea has a powerful arsenal of weapons and ammo that Russia desperately wants as it eats through its own stockpile battling Ukraine
▼ + stars: | 2023-09-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

US officials believe the two will discuss North Korea giving weapons to Russia for its war in Ukraine. North Korea boast a fearsome artillery and ammo arsenal that would boost Russia's dwindling supply. With a clear need for firepower and a dwindling group of allies to get it from, Russia is turning to North Korea. But most experts assess that there would be a severe response from Seoul and Washington if North Korea followed through on its threats. North Korea leader Kim Jong Un observes artillery fire competition in North Korea.

Persons: Kim Jong, Putin, it's, Kim Jong Un, Vladimir Putin, It's Kim's, Rand, It's, Sergei Shoigu, Kim, Shoigu, John Kirby Organizations: Service, Democratic People's, BBC, Korean People's Army, REUTERS, Rand Corp, International Institute for Stratetic Studies, ROK, DPRK, Russian Defense, North, National Security Locations: Russia, Korea, Ukraine, North Korea, Wall, Silicon, Moscow, Democratic People's Republic of Korea, North, Korean, Seoul, South Korea, Republic of Korea, United States, counterfire, Washington, Pyongyang

☆ Strong housing demand will support prices most in these 6 cities as people move to them in droves, according to John Burns Research — but these 13 cities are most at risk as their populations drain
▼ + stars: | 2023-09-08 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

John Burns Research and Consulting recently published a list of cities and their migration trends. But looking at the demand side of the equation via population trends can give you an idea of where people increasingly desire to live or leave. In a late-August note, Chris Porter and John Burns of John Burns Research and Consulting published a list of cities where they see migration trends rising and falling, citing address change data from the US Postal Service. "We now monitor domestic migration trends in near real time, using postal address change forms that are current within a few months. In the note, they separated the cities into tiers where migration trends are changing most and only slightly.

Persons: John Burns, Chris Porter, Porter, Burns Organizations: John Burns Research, Consulting, Boston, US Postal Service Locations: Denver, Nashville, San Diego

☆ Photo emerges of Su-34 fighter-bomber covered with tires days after Russian bombers were spotted with the same
▼ + stars: | 2023-09-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

A photo surfaced online showing a Russian Su-34 fighter-bomber covered in tires. The photo appeared just days after satellite images showed Russian bombers also covered in tires. The approach comes after drone strikes have bombarded Russian air bases, costing the country both bombers and airlift planes. In the photo, which Insider has been unable to independently verify, the Sukhoi Su-34 fighter-bomber, known to NATO as the Fullback, looks to be exposed in the open but is partially wrapped in a canopy. The image of the Su-34 is similar to satellite images of Tu-95 bombers and Tu-160 heavy bombers shared online last week.

Persons: aren't, Sukhoi Su Organizations: Service, Russian Air Force, Russian, NATO, Aviation, Ilyushin, Ukraine's, Directorate of Intelligence, Russia Locations: Russian, Wall, Silicon, Ukraine, Russia, Pskov, Soviet, Russia's

☆ TIFF 2023: What to watch at the Toronto Film Festival
▼ + stars: | 2023-09-07 | by ( Jenna Zucker | ) www.reuters.com time to read: +3 min

The logo of the Toronto International Film Festival (TIFF) is seen in Toronto, Ontario, Canada September 10, 2021. REUTERS/Mark Blinch/File photo Acquire Licensing RightsTORONTO Sept 7 (Reuters) - The Toronto International Film Festival (TIFF) is back for its 48th edition, welcoming movies from around the world to premiere in Canada. The event comes right after the Venice Film Festival, where actor Adam Driver slammed the streaming sites for their lack of flexibility over the demands of writers and actors guild. Sean Penn and Dakota Johnson are expected at the festival to promote their film "Daddio." Last year, German film "All Quiet on the Western Front" premiered at TIFF and won four Oscars, including best international feature film.

Persons: Mark Blinch, Cameron Bailey, Adam Driver, Driver, Ferrari, Roy Thomson, Peter Street, Nickelback, Sean Penn, Dakota Johnson, Paul Dano, Seth Rogen, Shailene Woodley, Pete Davidson, Paul Giamatti, Hayao Miyazaki, Patricia Arquette's, Kristin Scott Thomas, Anna Kendrick's, Chris Pine's, Michael Keaton's, Knox, Lil Nas, Rustin, Pedro Almodovar, Jane Campion's, Campion, Jenna Zucker, Divya Rajagopal, Denny Thomas, Sandra Maler Organizations: Toronto, Film, REUTERS, Hollywood, Venice Film, Roy Thomson Hall, Royal Alexandra Theatre, Scotiabank Theatre, Wales Theatre, King, University, SAG, TIFF, Thomson Locations: Toronto , Ontario, Canada, Venice, Toronto's, Spanish

☆ Naomi Campbell showcases fast fashion collection with PrettyLittleThing
▼ + stars: | 2023-09-07 | by ( Alex Rees | ) edition.cnn.com time to read: +5 min

On Tuesday night in New York City, Campbell debuted a collection designed with the fast-fashion brand PrettyLittleThing — days before the official beginning of New York Fashion Week’s Spring-Summer 2024 show calendar. Naomi Campbell closes the runway show for her new collection with PrettyLittleThing. Campbell poses for promotional photos wearing looks from her PrettyLittleThing x Naomi Campbell collection. A model walks the runway during PrettyLittleThing x Naomi Campbell at Cipriani 25 Broadway on September 05, 2023 in New York City. Dimitrios Kambouris/Getty ImagesTwo of the collection’s ensembles were created by emerging designers Campbell brought into the fold: Victor Anate and Edvin Thompson.

Persons: Naomi Campbell, Campbell, Evan Agostini, “, Chris Parnell, Davido, Campbell’s, “ I’m, ” Campbell, Women’s, ‘ Let’s, ’, WWD, Cipriani, Dimitrios Kambouris, Victor Anate, Edvin Thompson, haven’t, — Campbell, Winnie Harlow, Alton Mason, Emily Ratajkowski, Halima, Tommy Dorfman, Teyana Taylor, Kola, Julia Fox Organizations: New, New York CNN, New York, Nigerian -, Broadway, “ Locations: New York, New York City, ”, Nigerian - American, chainmail, Halima Aden

☆ US authorities interview Winklevoss over claims against DCG and its CEO -source
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lucas Jackson/file photo Acquire Licensing RightsSept 7 (Reuters) - U.S. authorities are probing claims of fraud that Cameron Winklevoss, the co-founder of crypto firm Gemini Trust Co, has made against the Digital Currency Group (DCG) and its founder Barry Silbert, according to a source familiar with the inquiry. Winklevoss has said that DCG and Silbert misrepresented the financial health of DCG's lending arm Genesis, which filed for bankruptcy in January. Gemini was the largest creditor of the bankrupt firm and is suing DCG and Silbert. Federal prosecutors in New York and investigators from the FBI and the Securities and Exchange Commission asked Winklevoss about his claims during an interview in recent months, the source said. Authorities have not accused DCG or Silbert of any misconduct and investigations do not always lead to charges.

Persons: Cameron Winklevoss, Lucas Jackson, Barry Silbert, Winklevoss, Silbert, Gemini, DCG, Chris Prentice, Jaiveer Singh, Devika Syamnath, Cynthia Osterman Organizations: New York State Department of Financial Services, REUTERS, Gemini Trust, Digital Currency Group, FBI, Securities and Exchange Commission, Bloomberg, SEC, Gemini, Thomson Locations: Manhattan, New York, Bengaluru

☆ UK PM Sunak faces new vote to fill seat after lawmaker accused of groping resigns
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 7 (Reuters) - British Prime Minister Rishi Sunak faces another difficult vote to fill a vacant seat in parliament after a lawmaker who was given an eight-week suspension for groping two men at a London club last year announced he plans to resign. Johnson's initial perceived downplaying of the allegations added to pressure that ultimately led to Johnson's resignation as prime minister. But he lost that appeal on Monday and faced removal by his constituents due to the length of the suspension. The vote to replace him is held on the same day as a by-election to replace former culture minister and Sunak critic Nadine Dorries. Reporting by Muvija M, Alistair Smout and Andrew MacAskill; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Chris Pincher, Boris Johnson, Pincher, Nadine Dorries, energise, Sunak, Muvija M, Alistair Smout, Andrew MacAskill, William James Our Organizations: British, London, Conservative Party, Conservatives, Labour Party, Thomson

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ Texas Gov. Abbott doesn't want to remove his 1,000-foot Rio Grande barrier full of metal blades unless the Supreme Court tells him to
▼ + stars: | 2023-09-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Abbott plans to appeal a federal judge's order to remove a Rio Grande barrier. The judge ruled Texas must get rid of the floating barrier by Sept. 15 — and pay for its removal. Greg Abbott said he'd appeal the decision — and wouldn't get rid of the floating barrier unless SCOTUS tells him to. "Governor Abbott announced that he was not 'asking for permission' for Operation Lone Star, the anti-immigration program under which Texas constructed the floating barrier. "Thus, we intend to seek appropriate legal remedies, which may include seeking injunctive relief requiring the removal of obstructions or other structures in the Rio Grande River."

Persons: Abbott, Greg Abbott, he'd, SCOTUS, Judge David Ezra, Biden's, SUZANNE CORDEIRO Organizations: Texas Gov, Service, Gov, Court, Operation Lone Star, U.S, Supreme, Texas National Guard, Department of Public Safety, Workers, Getty, Star, Justice Department Locations: Rio, Texas, Wall, Silicon, Rio Grande, Austin, Mexico, Eagle Pass , Texas, AFP

☆ Sen. Tuberville slammed poetry by US sailors that is a time-honored tradition
▼ + stars: | 2023-09-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Sen. Tuberville called out "wokeness" in the Navy, saying people are reading "poems on aircraft carriers." But the art form has been a long been a part of military service, especially for sailors. Tuberville faces widespread criticism for blocking hundreds of promotions over the Pentagon's abortion policy. Tuberville's comments on poetry and "wokeness" in the Navy come seemingly out of nowhere — especially considering the art form has a long history for sailors. Sailors assigned to the Los Angeles-class attack submarine USS Albuquerque SSN 706 stand watch as the boat departs Diego Garcia.

Persons: Sen, Tuberville, Tommy Tuberville, We've, Carlos Del Toro, Del Toro, Christine Wormuth, Frank Kendall, Mark Milley, Roe, Wade, John C, Steve Smith, Roosevelt, Champlain, Sailors, Diego Garcia, Jeremy Gross, Smith, it's, Marines I've, Nolan Peterson Organizations: Navy, Service, Alabama Republican, US Navy, Fox, Air Force, Washington Post, Joint Chiefs, Staff, Carrier Air Wing, Nimitz, Stennis, U.S . Navy, Getty, The Washington Post, USS, Marines, US Air Force, Council's Eurasia Locations: Wall, Silicon, Alabama, Yorktown, Los Angeles, Albuquerque, Iraq, Afghanistan

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