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☆ London stocks hit three-month low dragged by defence stocks; Aston Martin surges
▼ + stars: | 2023-06-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) slipped 0.4%, hitting a three month low as the aerospace and defence sector (.FTNMX502010) lost 2.1% after fighters of the Wagner group attempted a mutiny in Russia over the weekend. "Defence stocks tend to benefit from bad news in terms of geopolitical tensions," said Christopher Peters, trading floor manager at Accendo Markets. Britain's biggest defence company BAE Systems (BAES.L) slumped 3.1%, dropping to the bottom of the FTSE 100. The more domestically-focussed FTSE 250 midcap index (.FTMC) also fell 0.5%, touching a three-month low. Among individual stocks, Cineworld Group (CINE.L) dropped 28.9% after the cinema chain operator said it will file for administration as part of a proposed restructuring plan.

Persons: Russia Cineworld, Aston Martin, carmaker Aston Martin, Wagner, Christopher Peters, JP Morgan, Shashwat Chauhan, Sherry Jacob, Phillips Organizations: Defence, U.S, EV, Lucid, carmaker, Accendo, BAE Systems, Lloyds, Bank of England, Bank for International, Cineworld, Thomson Locations: Russia, Bengaluru

☆ Aston Martin strikes deal with California-based Lucid to help make EVs
▼ + stars: | 2023-06-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

New York CNN —British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the California-based electric luxury car startup. Saudi Arabia’s Public Investment Fund is the largest shareholder in Lucid and the second-largest in Aston Martin, after billionaire chairman Lawrence Stroll. And Lucid will take a 3.7% stake in Aston Martin as part of the newly announced arrangement. Lucid said it was selected by Aston Martin “through a competitive process” in its Monday announcement of the deal. Shares of Aston Martin rose about 11% by midday Monday on news of the deal.

Persons: Aston Martin, Lawrence, Lucid, Aston Martin “, Aston Martin’s Organizations: New, New York CNN, Lucid Group, Aston, Saudi Arabia’s Public Investment Fund, Volvo, Lotus, Mercedes, Benz, Volkswagen Group, BMW, Royce Locations: New York, British, California, Aston Martin

[1/3] A Lucid Air electric vehicle is displayed in Scottsdale, Arizona, U.S., September 27, 2021. REUTERS/Hyunjoo Jin/File PhotoJune 26 (Reuters) - British luxury carmaker Aston Martin (AML.L) has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group (LCID.O) a 3.7% stake in the company in return for access to its "high performance" technology, Aston Martin said on Monday. Subject to shareholder approval, Aston Martin will issue about 28.4 million new ordinary shares to Lucid Group. Smaller carmakers such as Aston Martin are more reliant on partnerships to make the transition. Lucid and Aston Martin have a common shareholder in Saudi Arabia's Public Investment Fund (PIF).

Persons: Hyunjoo Jin, Aston Martin, Lucid, Aston Martin's, PIF, Aby Jose Koilparambil, Rashmi Aich, Barbara Lewis Organizations: REUTERS, Lucid, Mercedes, Benz, Aston, Public Investment Fund, U.S, Tesla Inc, Thomson Locations: Scottsdale , Arizona, U.S, Aston Martin, Saudi, Bengaluru

☆ The Titan tragedy will join the Byford Dolphin accident as one of the most gruesome deep-sea incidents in history
▼ + stars: | 2023-06-24 | by ( Jenny Mcgrath | Chris Panella | ) www.businessinsider.com time to read: +6 min

The Titan tragedy joins the Byford Dolphin accident in history's most gruesome deep-sea incidents. It joins the Byford Dolphin accident of 1983 — another deep-sea chamber compression incident but with a very different set of circumstances that killed five and injured one. The Byford Dolphin incidentOn November 5, 1983, four divers — Edwin Coward, Roy Lucas, Bjørn Bergersen, and Truls Hellevik — returned from a deep-sea commercial mission near the Byford Dolphin oil rig. Graphic showing the layout of the living chambers and the diving bell where the Byford Dolphin accident happened. Unlike the divers near the Byford Dolphin oil rig, the Titan passengers didn't have any excess nitrogen in their blood.

Persons: — Edwin Coward, Roy Lucas, Bjørn Bergersen, Hellevik —, IFLScience, William Crammond, Giertsen, it's, Crammond, Martin Saunders, Stefan Williams, uncrewed submersibles, James Cameron, Cameron, It's, Williams Organizations: Titan, Service, Obscura, Divers Alert, of Forensic Medicine, Science Times, Daily Science, University of Sydney, Good Morning America, ABC News, Eiffel, NBC

☆ Green shoots for the IPO market, but investors ask where are unicorns like Instacart, Klarna
▼ + stars: | 2023-06-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

At the midpoint this would raise $298 million, with a fully diluted market value of $2.1 billion, according to Renaissance Capital. At the midpoint of the proposed range, that would raise $328 million with a market value of $1.5 billion. "The IPO market is definitely opening up," he said. Goldman Sachs' David Kostin has also noted an improved IPO market. The bad news: the stock dropped the day after the IPO to roughly $38 and has remained in that range.

Persons: IPOs, Matt Kennedy, Goldman Sachs, David Kostin, Kostin, Lynn Martin, That's, Santosh Rao, Rao Organizations: NYSE, Insurance, Renaissance, Kodiak Gas Services, Renaissance Capital, Goldman, Foods, CNBC, Manhattan Venture Partners Locations: Renaissance Capital, U.S, Canada, Cava, Fogo, Chao

☆ UBS's size will be taken into account - SNB Vice-Chairman
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: 1 min

ZURICH, June 22 (Reuters) - The Swiss National Bank will consider closely the size of UBS (UBSG.S) following the completion of its takeover of Credit Suisse, the central bank's vice-chairman said on Thursday. "Of course because it is such a big bank it needs to have higher capital requirements," Martin Schlegel told an news conference in Zurich. He also said the size and the importance of UBS, as well as its business model, will be taken into account from a financial stability perspective. Reporting by Noele Illien Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Martin Schlegel, Noele, Tomasz Janowski Organizations: Swiss National Bank, UBS, Credit Suisse, Thomson Locations: ZURICH, Zurich

☆ WBD chief Zaslav contacted filmmakers Scorsese, Spielberg to quell fears around TCM layoffs
▼ + stars: | 2023-06-22 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Warner Bros. The layoffs affected the company's vast portfolio of cable-TV networks including the Discovery Channel, Investigation Discovery and the Food Network. Its offerings are among the movies and shows included on Warner Bros. The shakeup at the network inspired Warner Bros. Scorsese, Spielberg and Anderson added that Zaslav contacted them regarding the restructuring of TCM, adding they each spent time talking with the CEO, individually and as a group, "and it's clear that TCM and classic cinema are very important to him.

Persons: shakeup, David Zaslav, Martin Scorsese, Steven Spielberg, Paul Thomas Anderson, —, Turner, Scorsese, Spielberg, Anderson, Zaslav Organizations: Warner Bros, Discovery, Discovery Channel, Food Network, Turner, TCM

☆ Stocks making the biggest moves midday: Dollar Tree, Amazon, FedEx and more
▼ + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. FedEx — The delivery company fell 1.7% after quarterly revenue missed expectations and announced CFO Mike Lenz would retire on July 31. Adjusted earnings were better than expected at $4.94 per share against the anticipated $4.89, while forward guidance was around flat. Advanced Micro Devices — Shares of the chipmaker pulled back nearly 5%, on track for their biggest intraday loss in two weeks. Dollar Tree — Shares of Dollar Tree popped more than 3% after the discount retailer reiterated its fiscal second-quarter 2023 earnings guidance.

Persons: Mike Lenz, MicroStrategy, Tesla, Rivian, Goldman, OneSpaWorld, Walt Disney, Needham, Laura Martin, Bob Iger, Raymond James, Uniqure, hemophilia, Yun Li, Michelle Fox, Jesse Pound, Sarah Min, Brian Evans Organizations: Federal Trade Commission, Amazon, FedEx, Securities and Exchange Commission, Barclays, GlaxoSmithKline —, Petrobras —, Walt Disney —, AMD Locations: Brooklyn, New York City, bitcoin, Netherlands

☆ Brits are facing a major mortgage crisis as lending rates soar
▼ + stars: | 2023-06-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

U.K. borrowers are facing sharply higher mortgage costs. LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal renewals and the number of products available shrinks, experts warned Monday. Prior to this, Moneyfacts said two-year fixed rates were last above 6% in November 2008. The number of residential mortgage products available has also fallen, from 5,264 on May 1 to 4,683. The average rate for a five-year mortgage is currently 5.67%, according to Moneyfacts.

Persons: Moneyfacts, Martin Stewart, Stewart, Rishi Sunak, ITV's Organizations: LONDON, CNBC Locations: Halifax, United Kingdom, Britain

☆ Martin claims second sprint win at German Grand Prix
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

HOHENSTEIN-ERNSTTHAL, Germany, June 17 (Reuters) - Pramac Racing's Jorge Martin scorched to his second sprint win of the MotoGP season at the German Grand Prix on Saturday to move up to second in the world championship standings, while Ducati's world champion Francesco Bagnaia finished second. Martin took the chequered flag 2.468 seconds ahead of Bagnaia, denying the Italian a fourth sprint win of the season. I'm happy, it's another sprint win and I hope we fight for the win tomorrow." "It was fun in the first laps, I really liked the fight with Jack (Miller), it was intense," overall leader Bagnaia said. MotoGP said no further action would be taken after reviewing the incident, with the Frenchman finishing ahead of the Australian.

Persons: Pramac Racing's Jorge Martin, Francesco Bagnaia, Martin, Bull, Jack Miller, Bagnaia, Miller, Marco Bezzechi, Jack, Jorge, It's, Marc Marquez's, Pramac, Johann Zarco, Brad Binder, jostling, Frenchman, Yamaha's Fabio Quartararo, Aadi Nair, Hugh Lawson Organizations: MotoGP, Honda, Thomson Locations: ERNSTTHAL, Germany, Bagnaia, Nashik, India

☆ BlackRock just set a goal to double its private-markets business. It's on the hunt for deals to make that happen.
▼ + stars: | 2023-06-14 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

BlackRock has set a target to double its revenue in its private-markets business. BlackRock wants to double its private-markets business over the next five years, and it's eyeing more deals to achieve that. An important piece of the puzzle to becoming a one-stop shop for investors is ramping up its private-markets business. BlackRock currently manages $156 billion in assets through its private-markets platform, which gives clients access to private equity, private credit, infrastructure, and real estate. He added that the management team is spending a "good amount of time" looking at deals to bolster its private-markets business, specifically around infrastructure, private credit, and the growth franchises.

Persons: Martin Small, Small, Edwin Conway, Conway, Carlyle, Larry Fink, Fink, BlackRock Organizations: BlackRock, Hudson Yards, Financial Times Locations: London

☆ Fox News thought this was Melania at Trump's court appearance. It's actually his 27-year-old spokeswoman.
▼ + stars: | 2023-06-13 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Some people confused Donald Trump's 27-year-old spokesperson Margo Martin for Melania Trump. The former first lady stayed in New York while Donald Trump appeared in court in Florida. Spectators — and even Fox News — thought Melania Trump was outside his court appearance in Florida to support him on Tuesday. "Apparently it was not Melania," Roberts said on-air. Melania actually stayed in New York City while Trump traveled to Florida for the court appearance, the Daily Mail reported.

Persons: Donald Trump's, Margo Martin, Melania Trump, Donald Trump, —, John Roberts, Martin, Roberts, Melania, Trump Organizations: Service, Fox, Fox News, Daily Mail, Trump, White, CNN Locations: New York, Florida, Miami, New York City

☆ ‘Based on a True Story’ Review: Only Murders on the TV
▼ + stars: | 2023-06-12 | by ( James Poniewozik | ) www.nytimes.com time to read: +1 min

“The great American art form isn’t music or film or television,” says a podcast host in “Based on a True Story,” a new dark comedy on Peacock. “The great American art form is murder. Forget the surfeit of murder podcasts that “Based on a True Story” satirizes, however fitfully. “Based on True Story” is not even the first TV comedy about a fictional murder podcast. (Steve Martin and Martin Short would like a word.)

Persons: ”, “, Steve Martin, Martin, Craig Rosenberg, Kaley, Nathan, Chris Messina, sleuths, Matt, Tom Bateman, Peacock, it’s Locations: Los Angeles

☆ MLB roundup: Andrew McCutchen gets 2,000th, Pirates win
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +13 min

Pittsburgh starter Mitch Keller (8-2) pitched seven innings, allowing one run and a season-low two hits, with seven strikeouts and two walks. Washington starter Trevor Williams (3-4) worked five innings and allowed two runs on seven hits, one walk and six strikeouts. Toronto right-hander Kevin Gausman allowed six runs, seven hits and four walks in 4 2/3 innings before the bullpen locked down the victory. Ian Gibaut (6-1) recorded five outs to earn the victory and Alexis Diaz pitched the ninth inning to earn his 15th save. The Giants erupted for 15 hits, seven for extra bases, and their fourth-most runs of the year to salvage one win in the three-game set.

Persons: Andrew McCutchen, Charles, Read, Marcano, Jack Suwinski, Mitch Keller, David Bednar, Jeff McNeil, Carlos Carrasco, Jorge Soler, Bryan De La Cruz, Luis Robert Jr, Soler, Garrett Cooper, Bryan Hoeing, Puk, Kendall Graveman, Seth Brown, Brent Rooker, Esteury Ruiz, JP Sears, Trevor May, Sam Long, Abraham Toro, Blake Perkins, Nolan Jones, Coco Montes, Ezequiel Tovar, Ryan McMahon, Jake Cronenworth, Fernando Tatis Jr, Blake Snell, McMahon, Tom Cosgrove, Brent, Jones, Enrique Hernandez, Kenley Jansen, Hernandez, Ron Marinaccio, Adam Duvall, Justin Turner, Triston Casas, Chris Martin, DJ LeMahieu, Anthony Volpe, Zach Neto, Shohei Ohtani, Matt Thaiss, Taylor Ward, Logan Gilbert, Griffin Canning, Teoscar Hernandez, Mike Ford, Gilbert, Corbin Carroll, Christian Walker, Kevin Ginkel, Scott McGough, Zach McKinstry, Arizona's Emmanuel Rivera, Jason Foley, Ketel Marte, Carroll, Rivera, Lourdes Gurriel Jr, flied, Walker, Marte, Kerry Carpenter, Geraldo Perdomo, Shane Bieber, Andres Gimenez, Josh Bell, Bieber, Bell, Brandon Bielak, Gimenez, Candelario, Dominic Smith, Washington, Matt Olson's, Atlanta's Bryce Elder, Elder, Trevor Williams, Nick Castellanos, Bryson Stott, Trea Turner, Bryce Harper, Taijuan Walker, Freddie Freeman, Jason Heyward, Caleb Ferguson, Gunnar Henderson, Ramon Urias, Ryan O'Hearn, Kyle Gibson, Salvador Perez, Mike Mayers, Carlos Hernandez, Franco, Shane McClanahan, Harold Ramirez, Robbie Grossman, Marcus Semien, Corey Seager, McClanahan, Matt Chapman, Kevin Gausman, Louie Varland, Donovan Solano, Alex Kirilloff, Trevor Larnach, Royce Lewis, Elly De La Cruz, Louis, De La Cruz, Ian Gibaut, Alexis Diaz, Adam Wainwright, Jordan Hicks, Nolan Arenado, Joc Pederson, Thairo Estrada, Brandon Crawford, shellacking, Pederson, Estrada, Blake Sabol, Michael Conforto, Nico Hoerner, Crawford Organizations: Pittsburgh Pirates, New York Mets, PNC, Pirates, National League Central, Pittsburgh, Mets, Marlins, White Sox, Miami, Chicago, The White Sox, Athletics, Brewers, Oakland, Milwaukee, Rockies, Padres, Colorado, San Diego, San, The Rockies, Brent Honeywell, Red Sox, Yankees, Boston, Triston, Mariners, Angeles, Seattle, Angels, Diamondbacks, Tigers, Detroit, Astros, Cleveland, Houston, Guardians, Nationals, Braves, Washington, Atlanta, House, Phillies, Dodgers, Philadelphia, Los, Orioles, Royals, Baltimore, Kansas City, Rays, Rangers, Tampa Bay, Texas, Blue Jays, Twins, Cavan Biggio, Toronto, Minnesota, Reds, Cardinals, Cincinnati, St, Giants, Cubs, The Giants, Thomson Locations: Pittsburgh , Pennsylvania, USA, Milwaukee, San, Denver, Colorado, San Diego, New York, Bronx, Boston, Anaheim , Calif, Arizona, Walker, Washington, Los Angeles, St . Petersburg, Fla, Texas, Toronto, San Francisco, Chicago, California

☆ Silvio Berlusconi’s memorable quotes and quips
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +4 min

Here are some of his memorable quotes and quips:DEC 2022: Berlusconi tells players of his Monza soccer team he would bring "a bus of whores into the locker room" if they managed to beat a top Serie A rival. FEB 2006: "I am the Jesus Christ of politics," Italian media quoted Berlusconi as telling supporters. Mussolini sent people on holiday in (internal) exile," Berlusconi tells Britain's Spectator magazine, replying "yes" when asked if he thought the World War Two dictator was "benign". You'd be perfect," Berlusconi told German lawmaker Martin Schulz, who was heckling him during his debut at the European Parliament. OCT 2001: Berlusconi causes outcry in the Muslim world when he says the West "should be conscious of the superiority of our civilisation."

Persons: Silvio Berlusconi, Berlusconi, Vladimir Putin, Putin, de Silvio Berlusconi, Remo Casilli, Barack Obama, Christ, Tarja Halonen, Mussolini, Mr Schulz, You'd, Martin Schulz, Josep Pique, Conor Humphries Organizations: Monza, Serie, Food Safety Authority, Britain's Spectator, Rome, Thomson Locations: whores, West, Ukraine, Milan, Abruzzo, Rome, Italie, United States, Finnish, Italy, Spain

☆ BlackRock is on the lookout for deals — and it just scooped up a major lender to European startups to supercharge its private credit business
▼ + stars: | 2023-06-08 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.

Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon

☆ From right-wing backlash to Apple's TV play — these 3 big questions will dominate conversations at the Cannes Lions.
▼ + stars: | 2023-06-08 | by ( Lauren Johnson | Claire Atkinson | ) www.businessinsider.com time to read: +7 min

This year's Cannes Lions ad festival is taking place as advertisers are reeling from major shifts. The Cannes Lions organizers said that none of the three execs have been confirmed as speakers. Generative AI must boost creativity without stealing jobsThe rapid rise of generative AI took the advertising and media worlds by storm. Attendees will also have the opportunity to hobnob with the company that kicked off the generative AI storm last November. Simon Cook, Cannes Lions CEO, told Insider that top executives from ChatGPT developer OpenAI like chief operating officer Brad Lightcap will attend the festival.

Persons: Twitter's Elon Musk, Linda Yaccarino, Oliver Schusser, Michael Kassan, he's, execs, Bud Light, influencer Dylan Mulvaney, Bud, Busch, Fura, Leslie Klein, Sir Martin Sorrell, David Droga, Nick Law, Simon Cook, Brad Lightcap, Huge's, Elon Musk, Ben Hovaness, They've, Jon Williams, Akram Chetibi, Craig Atkinson Organizations: Cannes Lions, Apple, Twitter, Netflix, Hollywood, UTA, Target, Bud Light, Anheuser, Busch, Accenture, Cannes, Apple News, Carlton Hotel, Omnicom Media, Amazon Web Locations: Cannes

☆ Want a Class in Leadership Styles? Look to the N.B.A. Finals.
▼ + stars: | 2023-06-07 | by ( Tania Ganguli | ) www.nytimes.com time to read: +1 min

A few weeks after Caleb Martin joined the Miami Heat, he didn’t yet have much social capital with his teammates. Martin had heard that Butler had an aggressive personality, that he was known to bark at teammates and coaches. But Martin wasn’t thinking about the potential consequences of upsetting Butler during a pickup game on one of those early days. He marched up to Butler and said, “Anything you got a problem with, come say it to me.”For a split second, Martin wondered if his boldness would irritate Butler. “He didn’t view it as disrespectful or nothing like that,” Martin said.

Persons: Caleb Martin, Jimmy Butler, Martin, Butler, ” Martin, It’s Organizations: Miami Heat

☆ Office workers everywhere are about to face their own Uber moment
▼ + stars: | 2023-06-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

In other words, the lessons learned from months or years of experience are baked into an AI tool. The rise of AI tools could help millions of new software developersMicrosoft CEO Satya Nadella for example recently told Time that AI tools could lower the barriers to entry for software developers. This doesn't mean the great software developers won't remain great software developers but the ability for more people to enter the field will increase. That's good news for many wannabe software developers, but it's also bad news for many existing ones. "But for the most part, people in these jobs will just face more competition, similar to taxi drivers as Uber proliferated."

Persons: Uber, —, you'll, Carl Benedikt Frey, Erik Brynjolfsson, Lindsey R, Raymond, Danielle Li, Satya Nadella, it's, Aki Ito, Frey Organizations: Service, Transport, Oxford Martin School, Fortune Locations: London

Brands fearful of right-wing backlash are discussing scaling back their Pride Month activities. Right-wing media personalities have declared a "war on woke," with The Daily Wire's Matt Walsh recently rallying his Twitter followers to "make 'pride' toxic for brands." This month, the LGBTQ+ dating app Taimi initiated an ad campaign that included billboards in states including Florida, Oklahoma, Texas, and others. Those billboards were largely on privately-owned farmland and most of the landowners rejected Taimi's ad campaign, many requesting "no nudity" in the images. The North Face, which debuted its "Summer of Pride" ad campaign starring drag queen Pattie Gonia late last month, is holding firm.

Persons: Bud Light, Matt Walsh, Ross Martin, Martin, Bud Light's, influencer Dylan Mulvaney, Hannah Lewman, Pattie Gonia, rightwing firebrands, Amy Luca, Media.Monks, Brian Stout, It's, We've, Dean Crutchfield, Crutchfield, Mark Borkowski, I've, Mekanism's, There's, Benjamin Cohen Organizations: Target, Daily, Brands, Partners, Gay and Lesbian Alliance, Defamation, Pink Locations: Florida , Oklahoma , Texas, Taimi's

☆ Insider Interview: James Comey explains the rule-bending feds in his new and 'real' mystery novel
▼ + stars: | 2023-06-03 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +15 min

Insider: Let's talk about Benny Dugan, the salty, streetwise investigator who works with prosecutors for the Southern District of New York. And I would say, "What makes you think I'm a good person?" Insider: Correct me if I'm wrong, but don't all the good people get bought up by the end of the book? There are at least 57 FBIs — a New York FBI, a Saint Louis FBI, headquarters, the Washington Field Office. I don't think we've grappled with the implications of that, and whether it fits within our normal Fourth Amendment framework.

Persons: James Comey's, Benny Dugan, Dugan, Smith, —, — relents, Donald Trump, Trump, Comey, Hillary Clinton, Steele, wasn't Comey, Long, Kenneth McCabe, Benny, Kenny, Nora, I've, John le Carré, that's shortsighted, Matt Parker, James Comey, I'm, You've, Martin Scorsese, they've, Mattathias Schwartz Organizations: Wesson, Trump —, FBI, Southern, of, Justice Department, Twitter, US, CIA, New York FBI, Saint Louis FBI, Washington Field Office, State Department, Justice, New Yorker Mafia, La Cosa Nostra, Cosa Nostra, FISA Locations: of New York, Washington, Brooklyn, New York, Manhattan

☆ What It Was Like to Work Closely With Elizabeth Holmes at Theranos
▼ + stars: | 2023-06-02 | by ( Kiera Fields | ) www.businessinsider.com time to read: +9 min

Patrick O'Neill worked closely with the disgraced Theranos CEO Elizabeth Holmes. "Seeing those people be brought to justice is a comfort," he says of Holmes going to jail. I hadn't heard about Theranos before Elizabeth Holmes approached TBWA/Chiat/Day, the ad agency where I was a creative director, in 2012. Working with Holmes closely, I felt like she had to bring herself down to earth to communicate with me. Elizabeth Holmes and the Theranos story are now so well-known that when people ask me what my story is, I have to decide whether I'm going to talk about it.

Persons: Patrick O'Neill, Elizabeth Holmes, Holmes, TBWA, Steve Jobs, I'd, Theranos, Elizabeth, we'd, Apple weren't, We'd, It's, Errol Morris, Martin Schoeller, Elizabeth's, hadn't, I've Organizations: Morning, Starco Brands, Apple, Visa, Olympics, Walgreens, Wall Street, Forbes, Wall Locations: Theranos, Arizona, Silicon

☆ It's becoming clear that AI is going to whack the mediocre middle of office workers
▼ + stars: | 2023-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +7 min

More specifically, AI could disproportionately impact the middle class of white-collar workers — the folks who are mid-career, mid-ability, mid-level, and yes, in some cases, mediocre. In other words, the lessons learned from months or years of experience are baked into an AI tool. Microsoft CEO Satya Nadella for example recently told Time that the same could be true for software developers. This doesn't mean the great software developers won't remain great software developers but the ability for more people to enter the field will increase. That's good news for many wannabe software developers, but it's also bad news for many existing software developers.

Persons: —, Erik Brynjolfsson, Lindsey R, Raymond, Danielle Li, Satya Nadella, it's, Aki Ito, Carl Benedikt Frey, Uber, Frey, Mark Muro, Jacob Zinkula, Richard Baldwin, Aaron Mok Organizations: Service, Fortune, Microsoft, Oxford Martin School, London, BT Group, Workers, Brookings Institution, Geneva Graduate Institute Locations: London, British, Switzerland

☆ A US Navy ship dumped diesel fuel into its own water supply. Years later, sailors were still getting sick.
▼ + stars: | 2023-06-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The USS Boxer dumped fuel into the ocean, which contaminated its own water supply. A Marine veteran from that deployment told Insider they drank and showered in the contaminated water for as long as a few weeks. Boxer's crew soon noticed the smell of fuel in the drinking water, and Marines and sailors told Military.com that Boxer leadership had claimed that the water was safe to drink. The Boxer is not the only US Navy ship to be stricken with contaminated water over the last few years. One sailor aboard the USS Abraham Lincoln told Insider in an interview last year that the ship's water tasted "horrible" and they couldn't "escape it."

Persons: —, Military.com, Boxer, Wally Schirra, Machinist's, Michael Gonzales, Daniel Martin, Martin, it'll, Abraham Lincoln, USS Abraham Lincoln Organizations: US Navy, Service, Naval Surface Force, Navy Locations: Japan

☆ Japan’s largest brewer sets its sights on China — again
▼ + stars: | 2023-05-31 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Japan's Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world's largest beer market. The company divested from China years ago due to the lack of "premiumized products" and "very low" prices at that time, Katsuki said. In 2017, Asahi announced it would sell its nearly 20% stake in China's Tsingtao Brewery to Fosun Group and its subsidiaries. "But with the entry of the international brands and also craft beer, the premium segment in China is now really taking off and growing substantially." "Asahi Super Dry has the largest sales already from the China market now and it's growing double digits every year, so we want to continue to really invest into this premium market," he added.

Persons: We've, Atsushi Katsuki, CNBC's Martin Soong, we're, Katsuki Organizations: Japan's Asahi Group Holdings, Asahi, Fosun Group Locations: China, Tsingtao

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