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A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. U.S. officials asked for input in devising a "tamperproof" way to keep systems that might contain up to 256 AI chips from being strung together into a supercomputer. The other primary gift that U.S. officials gave Nvidia, Intel and AMD was hobbling their most capable Chinese competitors. New rules will make it nearly impossible for Moore Threads and Biren, two well-funded Chinese startups founded by Nvidia veterans, to have their designs manufactured using cutting-edge chipmaking technology. That means whatever Nvidia is able to sell to China will likely be Chinese buyers' best legal option.

Persons: Ann Wang, ChatGPT, Thomas Krueger, They're, Moore, Piper Sandler, Dan Hutcheson, Japan's, Clete Willems, Akin Gump, Gregory Allen, David Kanter, Stephen Nellis, Max A, Kenneth Li, Jamie Freed Organizations: REUTERS, FRANCISCO, Biden, Nvidia, Intel, Devices, U.S . Bureau of Industry and Security, U.S . National Security Council, BIS, AMD, Japan's Nikon, U.S, Center for Strategic, International Studies, Real, Thomson Locations: Taipei, Taiwan, China, U.S, Netherlands, Japan, San Francisco

☆ Delta loyalty program backlash: Airline backtracks on some changes after an uproar from customers
▼ + stars: | 2023-10-18 | by ( Gregory Wallace | ) edition.cnn.com time to read: +2 min

CNN —Delta Air Lines is easing off some recent changes to its SkyMiles loyalty program that sparked criticism from frequent flyers. Fundamentally, Wednesday’s announcement keeps in place a significant overhaul announced just last month that transitioned the loyalty program from miles-based to spending-based. But the airline will make it easier for frequent flyers to reach certain rewards thresholds than the original changes. Last month, Delta CEO Ed Bastian pledged modifications to the program, but downplayed customer frustrations. Bastian said Delta gained so many elite status holders that demand for premium services, including lounge access at airports, overwhelmed the company.

Persons: DAL, Ed Bastian, ” Bastian, Bastian, Delta Organizations: CNN, Delta Air Lines, Delta’s, Delta, Rotary Club of Atlanta

☆ Why Fed officials aren’t addressing the Israel-Hamas war the way they did with Ukraine
▼ + stars: | 2023-10-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

Emma Jones, a spokesperson for the Fed, declined to comment on why many Fed officials, who in the past moved swiftly to acknowledge the war in Ukraine, weren’t addressing the war in Israel. There are some Fed officials who are starting to talk about it, though — albeit only when asked questions. Fed officials see little immediate threat to the US economyAtlanta Fed President Raphael Bostic was the first to speak about the war, at the American Bankers Association’s annual conference last Tuesday. That’s probably why more Fed officials were quicker to acknowledge the war in Ukraine, Dorn said. “I don’t think the Fed wants to look like they’re taking sides,” Dorn added — but said Fed officials could easily talk about it without looking partial.

Persons: Chris Waller, ” Waller, Michael Barr, Philip Jefferson, Michelle Bowman, Lorie Logan, Emma Jones, James Dorn, “, ”, Raphael Bostic, Bostic, Neel Kashkari didn’t, aren't, they're, Al Drago, Susan Collins, ” Collins, Patrick Harker, we’ve, Harker, JPMorgan Chase, Jamie Dimon, ” Dorn, Dorn, There’s, Gregory Daco, Daco Organizations: New, New York CNN, Federal Reserve, ”, Dallas Fed, Fed, Cato Institute, CNN, Atlanta Fed, American Bankers, Minot State University, Minneapolis, Federal, Bloomberg, Getty, ” Boston, Wellesley College, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Rystad Energy Locations: New York, Ukraine, Russia, Israel, Waller’s, North Dakota, Delaware, Iran, Lebanon, Syria, United States, That’s, Gaza, Hormuz, EY

☆ US retail sales rose in September for the sixth-straight month
▼ + stars: | 2023-10-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Retail sales, which are adjusted for seasonality but not inflation, grew 0.7% in September from the prior month. Factoring in September’s 0.4% rise in consumer prices, inflation-adjusted retail sales were up 0.3% last month. From a year earlier, retail sales and food services spending were up 3.8% in September, the strongest annual gain since February. Spending grew across most categories last month, with sales at specialty stores advancing the most, by 3%. Excluding sales at gasoline stations, retail sales still advanced 0.7% last month.

Persons: ”, BIll Adams, ’, Adams, US Energy Information Administration “, Liz Ann Sonders, Charles Schwab, Brian Field, Gregory Daco, ” Daco, Joe Biden, Jordan Organizations: DC CNN, Comerica Bank, headwinds, UAW, United Auto Workers, US Energy Information Administration, Hamas, University of, San Francisco Fed, “ Retail, CNN, Employers, Sensormatic Solutions, Services, OPEC Locations: Washington, Israel, Iran

☆ 'Phantom hacker' scams that target seniors' savings are on the rise, FBI says
▼ + stars: | 2023-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

There has been a nationwide increase in "phantom hacker" scams, a type of fraud "significantly impacting senior citizens," who often lose their entire bank, savings, retirement or investment accounts to such crime, according to the FBI. "Phantom hacker" scams are an evolution of tech support scams, a type of cybercrime. As of August 2023, losses from tech support scams were up 40% during the same period in 2022, according to a recent FBI public service announcement. Older adults have generally amassed a larger nest egg than younger age groups, and therefore pose a more lucrative target for criminals. Older adults are also "particularly mindful of potential risks to their life savings," Gregory Nelsen, FBI Cleveland special agent in charge, said in a statement.

Persons: Gregory Nelsen, Nelsen Organizations: FBI, Finance, FTC Labor Department, FBI Cleveland

☆ A New Membership Club Bets on Black Business
▼ + stars: | 2023-10-15 | by ( Brian Josephs | ) www.nytimes.com time to read: +1 min

Marva and Myriam Babel spent much of the past few years thinking about the concept of a space, especially how to sustain one in a gentrifying borough. Now that they have a new one, a membership club in Brooklyn called Babel Loft, they have been mulling over how to fill it. equipment atop white marble, could be a work space during the day and a dance spot by night. Another left turn brings visitors back to the entrance facing the main area, as if they had gone through one rotation of a vinyl record, Marva Babel pointed out. “Every place will be intentional, and that’s a work in progress,” Myriam Babel (pronounced “babble”) said after the tour.

Persons: Marva, Myriam Babel, Dick Gregory, Babel, ” Myriam Babel, “ That’s, ” Locations: gentrifying, Brooklyn, Questlove

☆ Ed Dwight was NASA's first Black astronaut candidate in the 1960s. A new documentary tells his forgotten story.
▼ + stars: | 2023-10-14 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +10 min

Two decades before Bluford's flight, Ed Dwight was an Air Force pilot who trained to be the first Black astronaut. Whitney Young of the National Urban League urged Kennedy to push the Air Force to find and train the first Black astronaut. Dwight said the famed pilot felt slighted and not being included in the decision to train a Black astronaut. "All of a sudden we were able to hire astronauts who didn't look like the classic NASA astronaut," Bolden said. During his flight, Glover had a group call with Dwight, Bluford, Bolden, and other Black astronauts.

Persons: Ed Dwight, Robert Lawrence, NASA didn't, —, Guion Bluford, Bluford, Dwight, Lisa Cortés, hadn't, John F, Kennedy, Whitney Young, Cortés, Dwight wasn't, Chuck Yeager, Yeager, Frederick Gregory, Frederick Douglass, Rosa Park, Ella Fitzgerald, Martin Luther King, Craig F, Walker, Ed, Leland Melvin, Buzz Aldrin, Michael Collins, Bernard Harris , Jr, Arnaldo Tamayo Méndez, Ron McNair, Diego Hurtado de Mendoza, Charles Bolden , Jr, Tamayo Méndez, Gregory, Bolden, McNair, they'll, Charles Bolden, Melvin, de Mendoza, Katherine Johnson, Ed's, kickstart, Victor Glover, George Floyd, who's, Leland D, Victor, Glover Organizations: NASA, Service, Air Force, Black, Atlanta Constitution, National Urban League, Bettmann, Denver's, Denver, Getty, Soviet Union, Space Shuttle Challenger, Space Shuttle Columbia, Space Station, NASA’s Office, Education, Geographic, Disney Locations: Atlanta, Rosa, Cuban, Cuba, United States, Soviet Union

REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Oct 12 (Reuters) - Despite Israeli bombardment that has brought Gaza to the brink of a humanitarian meltdown, U.S. President Joe Biden is facing little pressure at home to rein in Israel's military retaliation for an unprecedented attack by Palestinian Hamas militants. Republicans have shown near-unanimity in backing whatever military action Israel decides to take after suffering the deadliest attack on its soil in decades. Though polls continue to show overwhelming sympathy for Israel among the overall U.S. public, a Gallup survey in March found that Democrats were slightly more favorable toward the Palestinians than Israel. Biden, an avowed lifelong friend of Israel, has pledged to provide Israel with all the assistance it needs. A White House official said Biden's aides have privately discussed their concerns with Israeli counterparts.

Persons: Joe Biden, Benjamin Netanyahu, Jonathan Ernst, Biden, Israel, excoriate, Gregory Meeks, Rashida Tlaib, Karine Jean, Pierre, ”, Antony Blinken, Netanyahu, Washington’s, Khaled Elgindy, Jeremy Ben, Ami, Matt Spetalnick, Patricia Zengerle, Jeff Mason, Simon Lewis, Steve Holland, Gerry Doyle Organizations: Israeli, White, REUTERS, Rights, Israel, Democratic Party, Republicans, Democratic, House Foreign Relations, American, White House Press, Gallup, Biden, AIPAC, Middle East Institute, Reuters, Thomson Locations: Israel, Washington , U.S, Gaza, Palestinian, U.S, New York, Washington, Washington . U.S, Saudi Arabia

☆ This otherworldly image of an alien-like golden crab has won gold in Wildlife Photographer of the Year
▼ + stars: | 2023-10-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

This year's Wildlife Photographer of the Year Grand Title went to a picture of a very strange crab. AdvertisementAdvertisementAn image of a rare golden horseshoe crab gliding close to the sea floor has won Laurent Ballesta the grand prize at the Wildlife Photographer of the Year award. Wildlife Photographer of the Year, developed and produced by the Natural History Museum in London, selected the winning picture from about 50,000 entries. VISHNU GOPAL / Wildlife Photographer of the YearPhotographer Vishnu Gopal followed characteristic footsteps at his campsite into the Brazilian rainforest. Mike Korostelev / Wildlife Photographer of the YearMike Korostelev spent two years visiting Kosi Bay, South Africa, to ingratiate himself with the local hippopotamuses.

Persons: Laurent Ballesta, —, Kathy Moran, Vishnu Gopal, GOPAL, Mike Korostelev, ingratiate, Juan Jésus Gonzales Ahurrada, Juan Jésus Gonzales, didn't, Bertie Gregory, Weddell, Karine Aigner, Karine Organizations: Service, Wildlife, West Texas Locations: London, Pangatalan, Philippines, Bay, South Africa, USA

☆ Inflation held steady in September as housing and gas prices keep going up
▼ + stars: | 2023-10-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

That's the same as the year-over-year increase of 3.7% in August. Core CPI increased 4.1% from September 2022 to September this year. AdvertisementAdvertisementInflation is still elevated and held steady in September, based on Consumer Price Index or CPI data out Thursday. The year-over-year increase in this index had been falling, based on data before Thursday's data release. AdvertisementAdvertisementCore CPI index increased 0.3% from August to September.

Persons: —, Julia Pollak, ZipRecruiter, Pollak, Price, Gregory Daco Organizations: Service, Consumer, Index, CPI, Bureau of Labor Statistics, BLS, payrolls

The stock market got a boost from that drop in longer-term yields, but it also felt a drag from rising shorter-term yields. Yields were mixed after a report showed inflation at the wholesale level was stronger last month than economists expected. Still, with the U.S. government racking up big deficits that require more borrowing, and buyers in shorter supply, the pressure has been mostly upward on Treasury yields. In energy trading, a further pullback in crude oil prices is helping to take some heat off inflation and support Wall Street. Oil prices have given back much of their strong gains from earlier this week, triggered by fighting in Gaza.

Persons: Sydney's, Hang Seng, ” Anderson Alves, ActivTrades, Rubeela Farooqi, ”, Gregory Daco, Brent Organizations: TOKYO, Palestinian, Hamas, Nikkei, U.S, Dow Jones, Nasdaq, Federal Reserve, Treasury, “ Fed, EY, Benchmark, New York Mercantile Exchange, Energy, Exxon Mobil, Natural Resources Locations: Israel, Hong, Shanghai, U.S . Federal, Lebanon, Iran, U.S, Gaza

☆ The world will pay a high price if China cuts off supplies of chipmaking materials
▼ + stars: | 2023-10-11 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, it accounted for 98% of the global production of gallium and 68% of refined germanium production, according to the US Geological Survey (USGS). “Refining technologies and facilities for processing gallium and germanium cannot be built overnight, particularly considering the environmental implications of their extraction and mining,” she wrote in July. Analysts from the think tank said China’s leading position in the aluminum industry has allowed it to establish a dominant share of global gallium production. According to the USGS, Russia, Japan, and Korea produced a combined 1.8% of global gallium in 2022. Last year, the US Defense logistics Agency introduced a program to recycle optical-grade germanium used in weapon systems.

Persons: Hong Kong CNN —, ”, Xiaomeng Lu, Marina Zhang, Zhang, Ewa Manthey, haven’t, Chris Miller, Gregory Allen, Nyrstar, ” Lu, Manthey Organizations: Hong Kong CNN, geotechnology, Eurasia Group, China, Geological Survey, University of Technology, “, ING Group, Center for Strategic, International Studies, Washington, Analysts, Corporation, CNN, Global, Wadhwani Center, AI, Technologies, CSIS, Rostec, Reuters, US Defense, Agency, Commerce Ministry Locations: China, Hong Kong, Beijing, United States, Europe, Japan, University of Technology Sydney, Kazakhstan, Hungary, Germany, Russia, Korea, Teck, American, Netherlands, Australia, ” Lu, Eurasia, Canada

☆ Housing market's sensitivity to rates kept the Fed from hiking further, says Peter Boockvar
▼ + stars: | 2023-10-11 | 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 EmailHousing market's sensitivity to rates kept the Fed from hiking further, says Peter BoockvarGregory Daco, chief economist at EY Parthenon, Peter Boockvar, Bleakley Advisory Group, and CNBC's Steve Liesman join 'The Exchange' to discuss when investors can expect a Fed pivot, economic data showing ongoing disinflation, and the housing markets' sensitivity to rate hikes.

Persons: Peter Boockvar Gregory Daco, Peter Boockvar, Steve Liesman Organizations: Bleakley Advisory

☆ US wholesale inflation heated up last month amid higher gas prices
▼ + stars: | 2023-10-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —Wholesale price increases of US goods and services jumped higher for a third consecutive month, influenced by still-high energy prices, according to data released Wednesday by the Bureau of Labor Statistics. September’s overall increase was driven by a 0.9% gain in goods prices due to higher energy prices and food prices, BLS data shows. Gas prices hit new yearly highs in September, as oil prices pushed past $92 a barrel amid supply cuts and catastrophic flooding in Libya. The higher gas prices seen in August and September may filter through to some products and services but shouldn’t ultimately keep inflation higher in the months to come, said Stuart Hoffman, PNC Financial Services’ senior economic adviser. However, the Israel and Hamas war in the Middle East does add volatility to energy prices, he said.

Persons: Price, ”, Gregory Daco, Jerome Powell, Chris Rupkey, FwdBonds, shouldn’t, Stuart Hoffman, ” Hoffman Organizations: Minneapolis CNN —, Bureau of Labor Statistics, Federal Reserve, PPI, PNC Financial Services Locations: Minneapolis, August’s, Libya, Israel

☆ Alldritt warns France need to increase intensity in World Cup quarter-final
▼ + stars: | 2023-10-11 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

PARIS, Oct 11 (Reuters) - France will need to increase their intensity to match the physical challenge posed by South Africa in Sunday's Rugby World Cup quarter-final, eighthman Gregory Alldritt said on Wednesday. It's up to us to put in more intensity than usual for 80 minutes," Alldritt told a press conference. "As we saw in Marseille last year they're a team that stays in the game for 80 minutes. One of the key battle in the game will be that between the loose forwards and Alldritt praised the opposing trio. "I think they're a reflection of the team, a back row that gives a lot in defence and attack for 80 minutes.

Persons: eighthman Gregory Alldritt, Alldritt, they're, We've, I'm, We're, we're, it'll, Christian Radnedge Organizations: Sunday's Rugby, Stade de France, Springboks, South, Thomson Locations: France, South Africa, Marseille, Paris

☆ Rep. George Santos faces 10 new federal charges, including allegations of stealing donors’ identities, running up fraudulent credit card charges
▼ + stars: | 2023-10-10 | by ( Gregory Krieg | ) edition.cnn.com time to read: +3 min

CNN —Federal prosecutors on Tuesday accused Rep. George Santos of stealing donors’ identities and running up thousands of dollars in fraudulent charges on their credit cards. This fresh round of charges, called a superseding indictment, effectively replaces the earlier case against Santos. In May, Santos, 35, pleaded not guilty to 13 federal charges. Pressed Tuesday on whether he would resign, Santos said: “No, I will not.”“I did not have access to my phone. I have no clue what you guys are talking about,” Santos told CNN’s Manu Raju when asked about the indictment.

Persons: George Santos, Santos, Santos ’, Nancy Marks, “, ” Marks, Marks, ginning, ” “, ” Santos, CNN’s Manu Raju, ” Organizations: CNN, Federal, New York Republican, Republicans, Santos, of New, Representatives, House, New, Congressional Locations: United States, of New York, Long Island, Queens

Another conceded that Kennedy could be a real threat to Trump, particularly when it comes to vaccines. They’re less likely to answer the phone for pollsters.”Trump had initially praised Kennedy after he launched his Democratic primary bid. The Biden campaign declined to comment. Third Way, which has been leading the charge against No Labels for Democrats, has had only informal and indirect contact with the Biden campaign and the president’s top advisers. The DNC’s involvement so far has been participating in a couple of video calls Third Way has hosted with groups of state Democratic Party officials, according to Matt Bennett of Third Way.

Persons: Robert F, Kennedy Jr, Joe Biden, Donald Trump, Biden, Trump, Kennedy, Cornel West, Trump Republicans eyeing, “, ” “, ” Trump, Steven Cheung, “ …, Megyn Kelly, ”, They’re, Kennedy’s, we’re, ” Matt Wilhelm, “ I’m, West’s, George W, Ralph Nader, ” Nader, Nader, “ I’ll, Peter Daou, Daou, Vermont Sen, Bernie Sanders, Sanders, Matt Bennett, “ I’ve, I’ve, Virginia Sen, Joe Manchin, Nancy Jacobson Organizations: CNN, GOP, Democratic, Trump Republicans, Voters, Republican National, RFK, White, Trump, Fox News, “ Granite, New Hampshire House, RNC, Democratic National Committee, Biden, West, Green Party, Green, Washington Post, Democratic Party, Greens, Vermont, West’s Green Party, ” Locations: Ukraine, New Hampshire, West, Virginia

Leaders of the House Foreign Affairs Committee introduced a bipartisan resolution Tuesday, with the backing of nearly 400 lawmakers, expressing support for Israel after a surprise attack over the weekend by Hamas. House Republicans are set to hold a candidate forum Tuesday evening before holding an internal speaker election and chamber-wide vote in the following days. But the conflict in Israel has added urgency to the election, with limited ability to show support or provide aid without a speaker. “Israel is responding to the Hamas terror organization’s unprecedented attack,” Rep. Gregory Meeks, the top Democrat on the foreign affairs committee said. Political Cartoons on Congress View All 254 ImagesThough the legislation has widespread support, its speedy passage likely depends on the quick resolution of the speaker election.

Persons: Israel, Michael McCaul, Kevin McCarthy’s, “, Gregory Meeks, ”, McCaul Organizations: House Foreign Affairs, Israel, ”, Republicans, . House, Iran Locations: United States, Iran, Israel, “ Israel

“I will remain cognizant of the tightening in financial conditions through higher bond yields and will keep that in mind as I assess the future path of policy,” Jefferson said in remarks to the National Association for Business Economics. The remarks by Jefferson and earlier by Dallas Fed president Lorie Logan, one of the Fed system's more influential voices on financial markets, caused investors to undercut the likelihood of further Fed rate increases. "If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the fed funds rate," said Logan, who has been among the more hawkish officials in supporting the need for continued rate increases. Since the Fed last raised its policy interest rate a quarter of a percentage point in July, long-term bond yields have risen a full percentage point, a fast rate of change for a massive market. A rise in the so-called “term premium," if it proves persistent, could put an enduring drag on the economy and perhaps give the Fed less reason to raise its own policy rate.

Persons: Philip Jefferson, ” Jefferson, Jefferson, Lorie Logan, FedWatch, Gregory Daco, Logan, policymaker, Chris Varvares, Howard Schneider, Andrea Ricci, Nick Zieminski Organizations: DALLAS, Federal, Treasury, National Association for Business Economics, Dallas, New York Fed, Fed, P, Thomson Locations: U.S, Jefferson, Israel

☆ UK inquiry starts hearings into Afghan extra-judicial killings' claims
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

An armed police officer patrols near the Ministry of Defence in London, Britain May 11, 2016. REUTERS/Neil Hall/File Photo Acquire Licensing RightsLONDON, Oct 9 (Reuters) - An inquiry investigating allegations that British special forces carried out dozens of extra-judicial killings in Afghanistan a decade ago will begin hearing evidence in public on Monday. The independent inquiry was ordered by Britain's defence ministry last December after a BBC TV documentary reported that soldiers from the elite Special Air Service (SAS) had killed 54 people in suspicious circumstances. "The bereaved families look to the inquiry to fearlessly uncover the truth of the deaths of their loved ones and to ensure that those responsible are held to account." While the hearings will begin in public, some of the evidence relating to special forces will be restricted on national security grounds.

Persons: Neil Hall, Tessa Gregory, Leigh, Charles Haddon, Cave, Mansour Aziz, Leigh Day, Michael Holden, William Maclean Organizations: Ministry of Defence, REUTERS, BBC, Special Air Service, SAS, Thomson Locations: London, Britain, Afghanistan, Haddon

☆ Amgen completes $27.8 bln Horizon Therapeutics deal
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

An Amgen sign is seen at the company's office in South San Francisco, California in this October 21, 2013 photo. Amgen, which has gained Horizon's two key products Tepezza and Krystexxa, said it will provide an updated annual forecast during its third-quarter earnings call. RBC Capital Markets analyst Gregory Renza expects Amgen's updated forecast to weave in revenue from Horizon's drugs, which could partially offset the company's "maturing product line". Tepezza could be a "core driver" for Amgen, Renza said, adding that the drug can bring in $3.9 billion in peak sales. Reporting by Mariam Sunny and Sriparna Roy in Bengaluru; Editing by Anil D'Silva and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Galbraith, Gregory Renza, Renza, Mariam Sunny, Sriparna Roy, Anil D'Silva, Sherry Jacob, Phillips Organizations: Horizon Therapeutics, U.S . Federal Trade Commission, FTC, RBC Capital Markets, Thomson Locations: South San Francisco , California, Bengaluru

☆ Nobel Prize winner Katalin Karikó was 'demoted 4 times' at her old job. How she persisted: 'You have to focus on what's next'
▼ + stars: | 2023-10-06 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +6 min

On Monday, Karikó, along with her collaborator Drew Weissman, won the Nobel Prize in Physiology and Medicine. It's clear, and impressive, that Karikó didn't take those obstacles personally. Suhadolnik didn't receive the news well, she says. If you have a Ph.D. from an American Ivy League [university], that's better compared to if you have a degree from a foreign university." The type of work Karikó does, Feigl-Ding says, doesn't make splashy headlines, because groundbreaking work rarely does.

Persons: Pfizer Covid, Katalin, Drew Weissman, Karikó, didn't, Robert J, Suhadolnik, Susan, Suhadolnik didn't, Gregory Zuckerman's, I'm, wasn't, Eric Feigl, Ding, doesn't, Nobel, Albert Einstein didn't, Ding epidemiologist, Weissman Organizations: Pfizer, Moderna, CNBC, University of Pennsylvania, University of Szeged, Biological Research, Temple University, Uniformed Services University of, Health Sciences, New, Systems Institute, Harvard Medical School, American Ivy League, Universities, Systems, Harvard Medical Locations: Hungary, Philadelphia, Bethesda , Maryland, UPenn, United States, U.S, New England

☆ Amazon launches first internet satellites in bid to compete with SpaceX
▼ + stars: | 2023-10-06 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

Already, SpaceX has more than 4,500 active Starlink satellites in orbit and offers commercial and residential service to most of the Americas, Europe and Australia. The Atlas V rocket carrying Amazon's prototype satellites for Project Kuiper lifted off from Space Launch Complex-41 at Cape Canaveral Space Force Station, Florida. SpaceX has had the clear advantage of using its own Falcon 9 rockets to launch batches of Starlink satellites to orbit. For now, Kuiper satellites are launching on rockets built by United Launch Alliance, a close partner of Blue Origin. In addition to ULA and Blue Origin, Amazon has a Project Kuiper launch contract with European launch provider Arianespace.

Persons: “ We’ve, ”, Rajeev Badyal, Starlink, Kuiper, Elon Musk, “ I’m, Gregory Falco, Brecke Boyd, SpaceX’s, hasn’t, Jeff Bezos Organizations: CNN, Amazon, SpaceX, United Launch Alliance, Kuiper’s, United, Alliance, Atlas V, Cape Canaveral Space Force, United Nations, Cornell University, Federal Communications Commission, National Science Foundation, Wall Street, European Locations: Cape Canaveral , Florida, Americas, Europe, Australia, Florida, Russia, Ukraine, Starlink, ULA

How the $13 trillion economy's slowdown will affect other emerging markets is still an unanswered question for investors. "Lower for longer Chinese growth is shaping a new regime of investments," Amundi's head of emerging markets Yerlan Syzdykov told Reuters. The World Bank trimmed its 2024 China growth forecast to 4.4% from 4.8%. 6/DEVELOPING REFORMThe World Bank, IMF and other multilateral development banks are under pressure to boost lending to poorer countries to fund development and tackle climate change. China and other large emerging economies have long demanded a greater say in the global financial architecture, which is still dominated by parameters set out by the 1944 Bretton Woods meeting, where the IMF and World Bank were established.

Persons: Abdelhak, Joseph Cuthbertson, Syzdykov, Anna Gelpern, Gregory Smith, Smith, Mehmet Simsek, Tayyip Erdogan, Erdogan, drubbing, Timothy Ash, Jorgelina, Rosario, Rachel Savage, Marc Jones, Karin Strohecker, Christina Fincher Organizations: International Monetary Fund, World Bank, Palais des, REUTERS, Federal Reserve, International Monetary, PineBridge Investments, Reuters, Bank, Ukraine, U.S, Kyiv, Paris Club, IMF, American, London, G Investments, JPMorgan, Egypt IMF, Fitch, Reuters Graphics Reuters, Finance, BlueBay Asset Management, Thomson Locations: Palais, Palais des Congres, Marrakech, Morocco, Argentina, Pakistan, Kenya, Egypt, CHINA, China, UKRAINE, Ukraine, Zambia, Sri Lanka, Ghana, Georgetown, Nigeria, TURKEY, Ankara, New York, Washington, London, Woods

☆ After Shunning Scientist, University of Pennsylvania Celebrates Her Nobel Prize
▼ + stars: | 2023-10-04 | by ( Gregory Zuckerman | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: pennsylvania

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