DIRS.INFO The most relevant business & tech news

☆ Amazon Invests $4 Billion in Anthropic, Deepening Its A.I. Ties
▼ + stars: | 2024-11-22 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +1 min

While Anthropic and OpenAI continue to raise significant sums, some smaller companies have essentially been folded into Google and Microsoft. U.S. regulators are also scrutinizing the multibillion-dollar investments that Microsoft, Amazon and Google are putting into A.I. But the deals are seen as allowing the big companies to form deep ties with their smaller rivals while avoiding most government scrutiny. Like OpenAI, Anthropic is a developer of so-called generative A.I., the technology capable of learning from vast amounts of data to create humanlike text and images. Anthropic has tried to position itself as one of the more responsible actors in the field of A.I.

Persons: OpenAI, Anthropic’s Claude, Anthropic Organizations: Google, Microsoft, The New York Times, The Times Locations: U.S

☆ TJ Maxx says Trump’s tariff ‘chaos’ will help the chain
▼ + stars: | 2024-11-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”

Persons: Donald Trump’s, TJ Maxx, it’s, ”, Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, “ Locations: New York, HomeGoods, East, China, TJX

CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.

Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, ”, Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, ”, Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China

☆ Kendrick Lamar Surprise Releases a New Album, ‘GNX’
▼ + stars: | 2024-11-22 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +1 min

Kendrick Lamar, the rapper laureate and one of the music world’s least predictable stars, released a surprise new album, “GNX,” on Friday. It is the sixth studio album by Lamar, 37, who won the Pulitzer Prize for Music in 2018 and, even before releasing the album, has been having a banner year. On the cover, Lamar slouches against the rear of the vehicle, and the video — with swelling strings and Lamar’s multi-tracked, rapid-fire vocals — shows Lamar with the car in an empty, monumental space. 6,” the latest in a series of tracks with similar titles, which has become a Lamar signature. It is also an implicit rejoinder against Drake, who had released a diss track in May called “The Heart Part 6.”

Persons: Kendrick Lamar, ”, Lamar, Drake, —, “, Lamar slouches Organizations: Music Locations: Lamar

☆ Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
▼ + stars: | 2024-11-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a hard blow to Europe's electrification ambitions. A partner of major European automakers, Northvolt produces lithium-ion batteries for the blooming electric vehicle industry, which has recently been rocked by intensifying competition. "This decisive step will allow Northvolt to continue its mission to establish a homegrown, European industrial base for battery production," said Tom Johnstone, interim chairman of Northvolt's board. "Despite near-term challenges, this action to strengthen our capital structure will allow us to capture the continued market demand for vehicle electrification," he added. The Stockholm-based business has long been regarded as Europe's best hope of building a homegrown EV battery champion.

Persons: Northvolt, Tom Johnstone Organizations: EV Locations: Skelleftea, Sweden, Swedish, U.S, Stockholm

☆ Her ‘Wicked’ duet with Kristin Chenoweth went viral more than a decade ago. It changed her life for good
▼ + stars: | 2024-11-22 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +6 min

CNN —Kristin Chenoweth doesn’t always sing “For Good,” the soaring duet of heavenly harmonies from the musical “Wicked,” at her shows. Sarah Horn is glad she did. In her case, it put her on a path that changed her life, in her words, “for good.”(From left) Beth Behrs, Darren Criss, Kristin Chenoweth and Sarah Horn at the Hollywood Bowl in 2013. (From left) Sarah Horn and her husband Raffaele Cipriano at their wedding in July. Andrea DeLongThe gift of musicHorn first saw the “Wicked” musical in 2004 on Broadway with the original cast of Chenoweth as Glinda and Idina Menzel as Elphaba.

Persons: CNN — Kristin Chenoweth doesn’t, ”, Glinda, Sarah Horn, Chenoweth, Horn, Glee, Darren Criss, they’re, ” Horn, Oz, Jon M, Beth Behrs, Kristin Chenoweth, Milena Kitic, Kitic, Raffaele Cipriano, “, Soprano, Andrea DeLong, Idina Menzel, Elphaba, you’re, could’ve, ” Kristin Chenoweth, ’ ” Chenoweth, I’ve, aren’t Organizations: CNN, Hollywood Bowl, California Baptist University, Branch, Ars Vocalis Academy, , Broadway, Hollywood Locations: Sarah Horn An, China, Texas, North Carolina, Los Angeles, Italy, Orange, Kansas

☆ 41-year-old whose side hustle brings in $600,000 a year: This is the ‘best possible way' to make money
▼ + stars: | 2024-11-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Rutkay is a full-time makeup artist who sometimes works up to 16-hour days on movie and television sets. Her side hustle, Citymouse, sells cross-body diaper bags with changeable straps. I think creating a business that fills a need is the best possible way to grow and sustain a brand — a lot of people can do that. When I started Citymouse, I took a six-week course with a spiritual life coach and realized I felt very badly about my previously failed [side hustles]. I didn't spend money on advertising because I thought if I made a listing with strong SEO, people would magically find it.

Persons: they've, Alexandra Rutkay, Saint Laurent crossbody, Rutkay, David, Citymouse, weren't, She's, she's, I've Organizations: CNBC, Amazon Locations: cnbc.com, New York

☆ Investor focus shifts to rate cut outlook on Thanksgiving week, with Fed minutes and inflation data ahead
▼ + stars: | 2024-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.

Persons: Donald Trump's, —, Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago

☆ Opinion | The Post-Cold War Era Is Finished. Liberalism and Democracy Will Go On.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

To these stark claims, let me add two supplementary comments that qualify the scale and nature of the shift that I’m describing. First: The end of the post-1989 era doesn’t mean the end of liberalism. Well, maybe. But before going all the way to that conclusion, consider first how many people inside the Trump-Vance coalition still consider themselves partisans of liberal values — defenders of free speech and other liberties they deem most threatened by the left, not the right. And then consider the recent argument from Gray’s fellow critic of liberal overreach, Aris Roussinos, pointing out that the version of the liberal order that bestrode the world after 1989 was quite different from the post-World War II liberal order that preceded it — more utopian in its ambition, more culturally comprehensive in its claims, more imperious and imperial and hubristic and therefore, yes, foredoomed.

Persons: Donald Trump, Vladimir Putin’s, John Gray, Trump, JD Vance Organizations: Statesman, Trump, Vance, Aris Roussinos Locations: Ukraine, British, Europe, United States, overreach

☆ 'Wicked' is a prequel to 'The Wizard of Oz.' Here's where it fits in the story's timeline.
▼ + stars: | 2024-11-22 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementThe new "Wicked" movie musical is a prequel to "The Wizard of Oz." Spoilers ahead for "Wicked" movie and Broadway show"Wicked" is a prequel to "The Wizard of Oz," but the story starts halfway through the original 1939 movie. The "Wicked" movie and Broadway show, however, are based on Gregory Maguire's 1995 revisionist novel "Wicked: The Life and Times of the Wicked Witch of the West." Glinda the Good Witch gives Dorothy the Wicked Witch of the East's ruby shoes. AdvertisementThe movie follows the musical and book's plot where Elphaba, the Wicked Witch of the West, didn't start out wicked.

Persons: Oz, Frank L, Baum, Gregory Maguire's, Maguire, Cynthia Erivo, Dorothy Gale, Toto, Glinda, Dorothy, Elphaba, Ariana Grande, didn't Organizations: Broadway Locations: Kansas, Oz, Elphaba's, Munchkinland

☆ 3 job interview red flags, according to a recruiter who’s interviewed ‘thousands’: Showing up very early looks 'too eager'
▼ + stars: | 2024-11-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

When you're doing a job interview, whether virtual or in person, you'll want to follow the appropriate etiquette. Here are Levine's best tips for avoiding her top red flags in a job interview. But "if you show up too early, it's also too eager and might make the interviewer feel rushed," says Levine. "I recommend making sure that you are parked 15 to 20 minutes early in the building" as a precaution, says Levine. If you're online or in person, "don't chew gum, don't have your sunglasses on your head" during the interview, says Levine.

Persons: Emily Levine, Levine, it's Organizations: Group

☆ Elon Musk's Neuralink is hiring technicians to ramp up manufacturing
▼ + stars: | 2024-11-22 | by ( Grace Kay | Hilary Brueck | ) www.businessinsider.com time to read: +5 min

AdvertisementNeuralink, Elon Musk's neurotechnology company, is hiring for multiple manufacturing roles. Neuralink, Elon Musk's brain-computer interface company, is looking to hire manufacturing technicians and microfabrication specialists. Two manufacturing technicians work at the company, based on public LinkedIn profiles, with those employees joining in 2021 and February 2024. A Neuralink recruiter said the company is hiring manufacturing technicians to "boost production." Neuralink also appears to be hiring for manufacturing roles for its surgical robot, a job listing shows.

Persons: Elon Musk's, Elon, Neuralink, Tinglong Dai, Dai, John Donoghue, you'd, wouldn't, Donoghue Organizations: LinkedIn, Johns Hopkins University, Brown University, FDA, Reuters, SpaceX, Austin American, Statesman Locations: California, Texas, Austin, Nevada

☆ Judge considering Sean ‘Diddy’ Combs’ third request for bail
▼ + stars: | 2024-11-22 | by ( Kara Scannell | ) edition.cnn.com time to read: +4 min

It was Combs’ third attempt before a federal judge to seek bail after two other judges found there were no conditions that alleviated concerns Combs was engaging in alleged witness tampering and posed a danger to women. Slavik claimed Combs violated the judge’s order limiting public statements and said Combs admitted it in one message. Earlier this year, CNN acquired and published surveillance footage depicting several different angles of the assault, which were edited together to help more clearly illustrate the incident. Slavik said prosecutors provided Combs’ team with cell phone video of the same assault that is captured on the hotel surveillance video. That was not edited.”Slavik said the government does not have the original surveillance video.

Persons: Sean “ Diddy ” Combs, Arun Subramanian, Combs, Christine Slavik, ” Slavik, Slavik, hasn’t, ” Combs, Marc Agnifilo, Cassie Ventura, Shapiro, ” Shapiro, ”, “ Organizations: NY CNN —, Intercontinental, CNN Locations: York, NY, Slavik, Miami, Manhattan, Los Angeles

☆ Diddy's prosecutors compare him to R. Kelly in fighting his latest bail application
▼ + stars: | 2024-11-22 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Ex-Abercrombie & Fitch CEO Michael Jeffries won bail on sex-trafficking charges, Combs' lawyers noted. On Friday, prosecutors said that Combs' case is more like R. Kelly's than like Jeffries'. Prosecutors compared Sean "Diddy" Combs to sex-trafficking convict R. Kelly during two hours of bail arguments in federal court in Manhattan on Friday. "These cases are much more comparable, your honor," she told US District Court Judge Arun Subramanian. AdvertisementKing Combs, center, son, D'Lila Combs and Jessie Combs, daughters of Sean "Diddy" Combs, leave Manhattan federal court, Friday, Nov. 22 2024, in New York.

Persons: Sean, Diddy, Combs, Michael Jeffries, Jeffries, R, Kelly, King Combs, Janice Combs, Yuki Iwamura Combs, Michael Jeffries —, Keith Raniere, Raniere, Mike Jeffries, Abercrombie &, Rebecca Blackwell, Christy Slavik, Slavik, Arun Subramanian, D'Lila Combs, Jessie Combs, Yuki Iwamura, Marc Agnifilo, I'm, Agnifilo Organizations: Ex, Abercrombie, Fitch, AP, Prosecutors, Abercrombie & Fitch, US, Office Locations: Manhattan, New York, Side, Brooklyn, Chicago

☆ From a call with Putin to an experimental strike, a dramatic week transforms the war in Ukraine
▼ + stars: | 2024-11-22 | by ( Nick Paton Walsh | Analysis Cnn'S International Security Editor | ) edition.cnn.com time to read: +6 min

CNN —It began with a peace move nobody wanted and ended with an experimental missile strike so rare in war Moscow gave a 30-minute heads-up to Washington. The White House publicly authorized Ukraine Sunday to fire missiles it supplied into Russia proper, which it swiftly did Monday. Moscow responded by using an experimental medium-range missile, with hypersonic speeds and a multiple warhead system usually reserved for nuclear payloads, to strike Dnipro Thursday. Similarly, Putin’s decision to launch the Oreshnik missile was likely Moscow stepping up another rung on a carefully prepared ladder of escalation. Yuri Budanov, head of Ukraine’s defense intelligence, said Friday it was a “medium-range ballistic missile, a nuclear weapons carrier.

Persons: Donald Trump’s, Putin, Olaf Scholz, Vladimir Putin, Scholz, Trump, Joe Biden’s, ’, Russia’s, ”, Yuri Budanov, ” Budanov, Biden Organizations: CNN, White House, Ukraine Sunday, Dnipro Thursday, Kremlin, Russia’s, Foundation, NATO, Intermediate Nuclear Forces, US, United Kingdom’s Defence Intelligence Locations: Moscow, Washington, Ukraine, Russia, Germany, Europe, Poland, France, Dnipro, Kyiv, Kharkiv, Kupiansk, Zaporizhzhia, Kursk

☆ China markets are in a goldilocks period, use the 'GARY' strategy: Macquarie Capital
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina markets are in a goldilocks period, use the 'GARY' strategy: Macquarie CapitalEugene Hsiao of Macquarie Capital says that there is no urgency for Chinese policymakers to add any additional stimulus and discusses why he thinks investors should be adopting a "growth at a reasonable yield" strategy in China.

Persons: GARY, Macquarie Capital Eugene Hsiao Organizations: China, Macquarie Capital Locations: China

☆ I changed my retirement plans at 57. Now, I travel full time in an RV with my wife and live off of investments.
▼ + stars: | 2024-11-22 | by ( Chris Mott | ) www.businessinsider.com time to read: +4 min

My wife and I built a slab for our RV on my son's property to be near family when we want. I'd spent years as an executive in Southern California, and I had a retirement plan in place for quite some time. My vision for retirement did not include living in an RV or moving to Washington state. My son's house was a fixer-upper, so we helped out with all sorts of projects to help the kids make it their dream home. AdvertisementIn many ways, we're living out our retirement dreamsOur expenses are lower than they were when we had a house.

Persons: I'd, —, Chris Mott, we'd, we've, I'm, I've Organizations: UFO, Design, Social Locations: Southern California, Vancouver , Washington, Washington, Washington and Oregon, Arizona , New Mexico , Texas , Utah, Nevada, Lake Havasu, Roswell, Texas, Vancouver

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

☆ America's allies in Syria hope they can sway Trump's decisions about US troops there
▼ + stars: | 2024-11-22 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementUS troops remain in Syria to counter ISIS and patrol oil fields in the region. For almost a decade, US troops have been on the ground in Syria to assist Kurdish-led forces in the defeat of the infamous Islamic State. AdvertisementDuring his first term, Trump ordered the withdrawal of US troops partnered with the Kurdish-led Syrian Democratic Forces after ISIS' territorial defeat. Trump then backtracked and kept 900 US troops in Syria. Advertisement"We may have felt frustrated during Trump's first term due to his decision to withdraw American forces from Syria in 2019," Mohamad said.

Persons: Trump, tamp, Donald Trump, specter, Sinam Mohamad, Trump's, Mohamad, Bashar al, Assad, Mohammed A, Salih, Delil SOULEIMAN, Paul Iddon Organizations: ISIS, Syrian Democratic Forces, Office, Syrian Democratic Council, Autonomous Administration, North, Kurdistan Workers ' Party, Trump, Foreign Policy Research Institute, SDF Locations: Syria, Turkey, Kurdish, State, Russia, United States, East Syria, Syrian, Kurdistan, Ankara, America, Jordan, Hol, Afghanistan, Iran, North

☆ 'Wicked' vs. 'Gladiator II': If you see only one movie this weekend, the choice is clear
▼ + stars: | 2024-11-22 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

"Gladiator II" and "Wicked" are facing off at the box office this weekend. Related storiesCritics Score Audience Score "Wicked" 90% 98% "Gladiator II" 72% 84%If time is of the essence, there's no tie-breaker there. AdvertisementRuntime "Wicked" 2h 40m "Gladiator II" 2h 28mIf you want something you can see with the whole family, the choice is clear: "Wicked" is more kid-friendly. 'Gladiator II' has more Paul Mescal in it, thoughPaul Mescal is in "Gladiator II" and not "Wicked." Ultimately, follow your own taste"Wicked" nor "Gladiator II" are both worth the price of theater admission (and maybe even a popcorn and soda).

Persons: there's, Ridley Scott, Russell Crowe, Joaquin Phoenix, Lucius Verus, Paul Mescal, Connie Nielsen, Jon M, Chu, Cynthia Erivo, Ariana Grande, Oz, you've, Glinda, It's, Oscar, Erivo, Pedro Pascal, Denzel Washington, Aidan Monaghan, belting, Ariana, Giles Keyte Organizations: Pictures, Paramount, New York Times, Universal Pictures Locations: Rome

CNN —Nearly six years after actor Jussie Smollett was accused of staging a hate-crime hoax in downtown Chicago and lying to police, an Illinois Supreme Court decision overturned his conviction on Thursday over prosecutorial issues, according to the Associated Press. Brothers Olabinjo Osundairo and Abimbola Osundairo arrive at court for a hearing for actor Jussie Smollett in Chicago on July 14, 2021. Kamil Krzaczynski/ReutersIn a statement thanking fans in 2019, Smollett said he had “been 100% factual and consistent on every level” in response to doubts about his story’s integrity. Smollett told Abimbola Osundairo he was disappointed in the “Empire” team’s reaction to the letter, according to prosecutors. I wouldn’t have had a trial,” Smollett told ET.

Persons: Jussie Smollett, Kim Foxx, –, Nenye, Smollett’s, Joe, ” Uche, “, he’s, ”, CNN’s Laura Coates, Foxx, Dan K, Webb, Smollett, Donald Trump –, Olabinjo, Abimbola Osundairo, Kamil Krzaczynski, Eddie Johnson, ” Johnson, Johnson, Brian CassellaPool, Holliday, ” Smollett, Tonight’s Nischelle Turner, ‘, Chris Boyette, Bill Kirkos, Omar Jimenez, Steve Almasy, Ashley Killough, Christina Maxouris Organizations: CNN, Associated Press, AP, Fox, ”, Chicago, Smollett, Chicago Police Department, Authorities, Reuters, Chicago Police, Chicago police, Police, Chicago Tribune Locations: Chicago, Illinois, Cook, City, MAGA, Cook County

☆ 6 tourists who died are believed to have drunk tainted alcohol in Laos
▼ + stars: | 2024-11-22 | by ( Aditi Bharade | Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementSix tourists who died in Laos are believed to have consumed tainted drinks. Several tourists who died in Vang Vieng, Laos are believed to have drunk tainted alcohol. The Australian Broadcasting Corporation wrote that local authorities in Laos were investigating the case and trying to ascertain where the tainted alcohol came from. It is unclear how the other four tourists could have come into contact with tainted alcohol. November 22, 2.30 a.m. — This story was updated to include comments from the Australian Department of Foreign Affairs and Trade.

Persons: Brit, Holly Bowles, Anthony Albanese, Bowles, Bianca Jones, Simone White, Toan, Nana backpacker, Médecins, Vang Vieng Organizations: Brit, US State Department, Australian, Denmark's Ministry of Foreign Affairs, CNN, Australian Broadcasting Corporation, Associated Press, BBC, US Centers for Disease Control, British Foreign Office, Danish Ministry of Foreign Affairs, Business, Australian Department of Foreign Affairs, Trade Locations: Laos, Danes, Vang Vieng, Thailand, British, London, Asia, Indonesia, Singapore

☆ An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
▼ + stars: | 2024-11-22 | by ( Will Martin | ) www.businessinsider.com time to read: +2 min

AdvertisementEV battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said on Thursday. Northvolt said it had secured an extra $245 million in funding as part of the bankruptcy deal. Northvolt, the battery company founded by two former Tesla executives, has filed for Chapter 11 bankruptcy protection after struggling to ramp up production. AdvertisementFounded in 2016 by Carlsson and Paolo Cerutti, Northvolt aimed to revolutionize battery manufacturing but has struggled in recent months. In June, BMW pulled out of a $2.1 billion order for battery cells for its EVs, citing delays to deliveries.

Persons: Northvolt, Goldman Sachs, Tom Johnstone, Peter Carlsson, Carlsson, Paolo Cerutti, Ford Organizations: EV, Tesla, JPMorgan, Microsoft, BMW Locations: Swedish, Sweden, Skellefteå, Europe

☆ M. Jodi Rell, Former Republican Governor of Connecticut, Dies at 78
▼ + stars: | 2024-11-22 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

M. Jodi Rell, who was the first (and, to date, only) Republican woman to serve as governor of Connecticut, beginning her seven years in office when the incumbent resigned in a corruption scandal, died on Wednesday in Florida. Her family, providing no other details, said she died in a hospital after a brief illness. Mrs. Rell had been the state’s lieutenant governor for more than nine years when, in July 2004, she began completing the term of Gov. Known as a moderate Republican, Mrs. Rell sought bipartisan compromise — a goal that became more important to her, she said, when, five months after becoming governor, she was diagnosed with breast cancer and underwent a mastectomy and reconstructive surgery. She returned to her office in the Capitol in Hartford nine days later.

Persons: Jodi Rell, Rell, John G, Rowland, Dannel P, Malloy Organizations: Republican, Gov, Capitol Locations: Connecticut, Florida, Hartford

☆ Elon Musk Gets a Crash Course in How Trumpworld Works
▼ + stars: | 2024-11-22 | by ( Theodore Schleifer | ) www.nytimes.com time to read: +1 min

For the first 53 years of his life, Elon Musk barely spent any time with Donald J. Trump. Then, beginning on the night of Nov. 5, he spent basically no time without him. And so Mr. Musk, more than any other key player in the presidential transition, finds himself in a cram session to learn the courtier politics of Mr. Trump’s inner circle. For the world’s richest person — not known for his humility or patience — it is a social engineering challenge far trickier and less familiar than heavy manufacturing or rocket science. The answer, as discarded aides from Mr. Trump’s first term will tell you, may depend on Mr. Musk’s ability to placate the boss and keep a relatively low profile — but also to shiv a rival when the time comes.

Persons: Elon Musk, Donald J, —, Trump’s, shiv Organizations: Trump Locations: Washington, Silicon

Search resuls for: "IN"

25 mentions found