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☆ Having double majors could make you less vulnerable to layoffs and AI
▼ + stars: | 2024-02-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Double majors are less likely to experience "earnings shocks" like job losses, per a new paper. While it’s unclear why graduates with double majors offered workers this protection, the researchers speculated that it had something to do with their diversified skillsets. A University of Pennsylvania research paper from 2021 found that double majors tended to earn more money over the course of their careers — STEM and business double majors saw the biggest income boost. As of 2015, about 13% of Americans between ages 20 and 29 were double majors, per American Community Survey data. Roughly 10% of the individuals analyzed in the working paper were double majors.

Persons: —, Andrew Hanks, ”, ” Bruce Weinberg Organizations: Service, National Bureau of Economic Research, Stanford, Ohio State University, American, Survey, Ohio State, University of Pennsylvania, US Department of Education Locations: Ohio State

☆ SpaceX files to relocate to Texas after Elon Musk's spat with Delaware over pay package
▼ + stars: | 2024-02-15 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +3 min

SpaceX has filed to relocate its business incorporation from Delaware to Texas. The move follows a Delaware judge's decision to void CEO Elon Musk a $55 billion Tesla pay package. AdvertisementSpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported. SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge's decision to void his $55 billion Tesla pay package. "The public vote is unequivocally in favor of Texas," Musk wrote on February 1.

Persons: Elon Musk, —, Musk, B7FLByL2dY — Elon, Tesla, Charles Elson Organizations: SpaceX, Service, Texas, State, Bloomberg, Diamond State, Business, Weinberg, Corporate, University of Delaware, Wall Street Locations: Delaware, Texas, Neuralink, Nevada, it's, Brownsville, Austin, Silicon Valley

☆ How Elon Musk's war on Delaware could change the way corporations make some of their biggest decisions
▼ + stars: | 2024-02-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

It remains to be seen what Tesla will do about Elon Musk's pay just a few weeks after a Delaware judge voided his $56 billion compensation package, the largest CEO pay package in public corporate history. But Musk has already made some big decisions, including a declaration of a war on the state of Delaware. "Never incorporate your company in the state of Delaware" Musk posted on X shortly after the decision. "Put simply, neither the Compensation Committee nor the Board acted in the best interests of the Company when negotiating Musk's compensation plan. But even as those figures have risen, Musk's compensation would be an "outlier among outliers," said Matteo Tonello, managing director at The Conference Board.

Persons: Elon Musk, Tesla, Elon Musk's, Musk, Chancellor Kathaleen McCormick, McCormick, Charles Elson, Todd Maron, Elson, Matteo Tonello Organizations: Elon, Twitter, Fortune, Weinberg, Corporate, Tesla, Company, The Conference Board Locations: Krakow, Poland, Delaware, Texas, Nevada

☆ Tortured Poets’ or Poets? Taylor Swift Meets the Apostrophe Police.
▼ + stars: | 2024-02-07 | by ( Victor Mather | ) www.nytimes.com time to read: 1 min

When Taylor Swift announced at the Grammys that the title of her new album would be “The Tortured Poets Department,” what was your reaction? Her first new album in more than a year. I can’t wait!”Maybe it was: “Ho-hum. “I ruined this album release for my students by making it a lesson on apostrophe usage,” Erin Weinberg, an instructor in the department of English, theater, film and media at the University of Manitoba, wrote on X. (Others opined via Reddit, TikTok and elsewhere.)

Persons: Taylor Swift, “, Shostakovich, ” Erin Weinberg Organizations: Poets Department, University of Manitoba Locations: Reddit

☆ Startup funding is falling in most major cities. So why is Boston pulling ahead?
▼ + stars: | 2024-02-05 | by ( Melia Russell | Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

AdvertisementThe Bay Area took the lion's share of capital raised on Carta in 2023, followed by Boston, then New York. AdvertisementAccording to Carta data, select metro areas saw the total early-stage funding raised decline by at least a third from 2022 to 2023. Yet early-stage funding was only down 24% in Boston, however, the smallest decrease of the metro areas that Carta tracks. According to Carta data, about $2.6 billion of capital raised in biotech flowed to Boston startups last year. Beyond biotechThe Carta data shows Boston also had strong showings across investment in software-as-a-service and hardware.

Persons: —, Zach Weinberg, Roche, Carta, Founders, that's, Rudina Seseri, Seseri, Peter Walker, Michael Greeley, Greeley, Mark Castleman, Castleman, Clement Cazalot, Cazalot, Walker Organizations: Service, Massachusetts Turnpike, Partners, Business, Carta, Boston, East Coast, Companies, Area, Flare Capital Partners, pharma, Intel Ignite, Glasswing Ventures, Founders, Machinery, Pritzker Group, Armory Square Ventures, Way Ventures, Klaviyo's, New York Stock Exchange Locations: Boston, New York City, East, Boston , Cambridge, Newton , Massachusetts, Newark, Jersey City , New Jersey, New York, San Francisco, Bay, France, Copley

☆ Fed will take its time on cuts to avoid 'worst possible outcome,' economist says
▼ + stars: | 2024-01-30 | 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 EmailFed will take its time on cuts to avoid 'worst possible outcome,' economist says"Listen to the Fed, not the market," Carl Weinberg, chief economist at High Frequency Economics, told CNBC on rate cut expectations.

Persons: Carl Weinberg Organizations: CNBC

The first video, released Sunday, showed clips of the three hostages – Noa Argamani, Itai Svirsky and another man, whose family have requested his name be withheld - speaking to a camera. The third video, released later Monday, appeared to show the dead bodies of two of the hostages, Itai Svirsky and the other man. ‘Please know that I love you very much’Hamas and other groups took around 240 hostages into Gaza on October 7. Argamani was seen in a video, released by Hamas at the time, being dragged away on a motorbike. According to his family, one of the hostages released in November contacted his sister to let her know he was alive after memorizing her phone number.

Persons: CNN — Israel, ”, Yoav Gallant, – Noa Argamani, Itai Svirsky, Noa Argamani, Argamani, Daniel Hagari, ” Hagari, “, ” Naama Weinberg, Manu Fernandez, Avinatan, Leora, “ Noa, ” Svirsky, Be’eri, Orit, Rafi – Svirsky’s, –, Aviva Sela, Grace Cabrera, Svirsky Organizations: CNN, Monday, Israeli, Hamas, IDF, Nova, Aviva Locations: Gaza, Israel, Tel Aviv

☆ ‘Nothing is moving:’ Families’ anger grows in Israel as hostages mark 100 days in Hamas captivity
▼ + stars: | 2024-01-14 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +11 min

A hostage release deal agreed between Israel and Hamas in late November ended after six days, with more than 100 freed. Others are angry at what they see as a failure by the Red Cross to help them. Cohen accused the Red Cross of failing in its mission to protect civilians. He was also critical of the Red Cross, which he accused of failing in its mission to protect civilians. “The countries that support the Red Cross should turn off the tap and tell them there’s no more money,” he said Monday.

Persons: There’s, It’s, ” Naama Weinberg, Itai Svirsky, Be’eri, ” Weinberg, “, Itai, Orit, Rafi – Itai’s, Aviva Sela, Grace Cabrera, Weinberg, Dror Weinberg Almog, ”, Saleh, Lianne Kolirin, Svirsky’s, Israel’s, Yahya Sinwar, they’ll, Shai Wenkert, Omer, Ilia Yefimovich, Wenkert, Echoing Weinberg, Benjamin Netanyahu, Clodagh Kilcoyne, Reuters Wenkert, Cross, “ Omer, Kfir Bibas, Bresler, Noa Argamani, ” Bresler, ” Moshe Cohen, Cohen, ’, Moshe Cohen, Argamani, She’s Organizations: CNN, Aviva, IDF, Hamas, Nova, Forum, Reuters, International Committee, Hostage, Nvidia, Ministry of Health, ICRC Locations: Israel, Tel Aviv’s, Lebanon, Arouri, Gaza, Tel Aviv's, Bresler, South America, Mexico, Geneva, Switzerland

Leon Wildes, a prominent immigration lawyer best known for his landmark, yearslong fight in the 1970s to prevent John Lennon from being deported and enable the former Beatle to receive permanent residency in the U.S., has died at age 90. Thanks to Wildes' ingenuity and the shocking twists of politics in the 1970s, Lennon's deportation was delayed and ultimately revoked. His honors included the Edith Lowenstein Memorial Award for excellence in advancing the practice of immigration law and the Elmer Fried Excellence in Teaching Award. He attended Yeshiva College as an undergraduate and became interested in immigration law after working with the Hebrew Immigrant Aid Society in the late 1950s. Wildes published articles in the Cardozo Law Review among other journals and wrote a book on the Lennon case, “John Lennon Vs. the USA,” that came out in 2016.

Persons: Leon Wildes, yearslong, John Lennon, Wildes, Englewood , New Jersey Mayor Michael Wildes —, Dad, Michael Wildes, Weinberg, “, ” Leon Wildes, Alan Kahn, Lennon, Yoko Ono, ”, Kahn, Jack Lemmon, Yoko Moto, Ono, Kyoko Chan Cox, John, Yoko, Richard Nixon, Lennon's, Nixon, Sen, Strom Thurmond, Thurmond, John Mitchell, Richard Kleindienst, J, Edgar Hoover, Fred Astaire, Dick Cavett, Saul Bellow, Stevie Wonder, Bob Dylan, “ Leon, ” Lennon, Nixon's, Mitchell, Sean, Norman Mailer, Gloria Swanson, Barack Obama, Mick Jagger, ” Jagger, ” Wildes, Benjamin N, Edith Lowenstein, Elmer Fried, Alice Goldberg Wildes, “ John Lennon Vs, John Lennon ”, Pennyblackmusic.co.uk Organizations: Lenox Hill Hospital, Englewood , New Jersey Mayor, Wildes, New York University School of Law, American Immigration Lawyers Association, Apple Records, Beatles, South Carolina Republican, Naturalization Service, Los, Nixon, Cardozo School of Law, Yeshiva College, Hebrew Immigrant Aid Society, Cardozo Law, Beatles Fans Locations: U.S, Manhattan, Englewood , New Jersey, Olyphant, England, New York City, Vietnam, Tokyo, British, London, Los Angeles, New York, Norman, Pennsylvania, Chicago

☆ Ghislaine Maxwell had a secret Tumblr account, newly unsealed court records reveal
▼ + stars: | 2024-01-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Ghislaine Maxwell had a secret Tumblr account, an attorney said in a newly unsealed court hearing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementConvicted sex trafficker and Jeffrey Epstein associate Ghislaine Maxwell had a secret Tumblr account. The Terramar Project, an ocean conservation nonprofit run by Maxwell, had a Tumblr account with the username @tmpizzle. The apparent Tumblr account hasn't been mentioned in other court documents reviewed by Business Insider.

Persons: Ghislaine Maxwell, Maxwell, Jeffrey Epstein, —, Virginia Roberts Giuffre, Giuffre, Epstein, Meredith Schultz, Schultz, Loretta Preska's, Martin G, Weinberg, She's, hasn't Organizations: Service, Business, US Locations: Giuffre, Florida, Manhattan

☆ Hedge funds help fill bond-buying void left by central banks
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Weinberg said hedge funds accounted for roughly 40% of turnover in German securities. Other debt agency officials said regulation following the global financial crisis had prompted banks to be more cautious about investing in bonds, which also left hedge funds with greater scope to buy into fixed income markets. UK debt management office head Robert Stheeman said hedge funds had moved into the space left by banks in ensuring liquidity - in other words, the ease of buying and selling an asset. Mercedes Abascal Rojo, head of funding and debt management at the Spanish Treasury, urged the need for caution, however. So far, market functioning has generally been smooth, the debt agency heads said.

Persons: Heiko Becker, Thomas Weinberg, Weinberg, Robert Stheeman, Mercedes Abascal Rojo, Spain's Abascal, Dhara, Barbara Lewis Organizations: European Central Bank, REUTERS, Bank of England, Association for Financial Markets, Spanish Treasury, Thomson Locations: Frankfurt, Germany, Ukraine, Europe's, Brussels, Central, Spain

☆ Holocaust survivor visiting Israel flees for safety as war breaks out
▼ + stars: | 2023-10-22 | by ( Nick Watt | ) edition.cnn.com time to read: +10 min

Los Angeles CNN —“It went from wonderful to horrible in an instant,” Charlotte Hauptman said of that fateful Saturday morning. A photo of Mercedes Virgili, left, and Charlotte Hauptman is seen on Hauptman's phone. The framed photo is on display in the Virgili family home in Secchiano, Italy. Charlotte Hauptman shows off her mother's ring, which was returned to her years after her family traded it for food in Italy. Panic.”Her daughter, Hauptman would later find out, was panicking on the inside.

Persons: Charlotte Hauptman, “, ”, “ I’m, she’d, ” Hauptman, ‘ Heil, “ Let’s, Hauptman, ‘, Myriam Lanternari, Virgilio, Daria Virgili, Charlotte Hauptman's, Elizabeth Weinberg, Wolf, Esther, Charlotte, “ Virgilio Virgili, ” Virgilio, Mercedes, Madonna, “ Virgilio, Mercedes Virgili, Esther Fullenbaum, ’, Charlotte –, He’d, …, Michele Goldman, ’ ”, We’re, “ It’s, Israel Organizations: Los Angeles CNN, CNN, Nazi, Allies, Partisans, Charlotte, Gestapo, IDF Locations: Jerusalem, Southern California, Israel, Italy, Cagli, Italian, Secchiano, Nazi, Hanover, Milan, Calabria, Venice, Charlotte, Auschwitz, Los Angeles, American, San Francisco, America, LA, Gaza, Bethlehem

☆ Hedge funds expected to ramp up returns on higher rates - BNP survey
▼ + stars: | 2023-10-11 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsLONDON, Oct 11 (Reuters) - Investors expect hedge funds to produce higher returns with the prospect of interest rates staying higher for longer, a BNP Paribas [RIC:RIC:BNPPL.UL] investor survey showed on Wednesday. Investors now expect hedge funds to return an average of 9.75% annually within an average of 19 months, up from 6.85%, according to the survey. However, hedge funds themselves think this will take longer, up to 29 months, the survey showed. BNP Paribas said historical evidence shows hedge funds tend to perform well in higher and stable interest rate environments and less so when rates are lower. BNP Capital Introduction Group surveyed 82 hedge fund managers in what it called the "summer" of 2023.

Persons: Carlo Allegri, Michael Oliver Weinberg, “, ”, Weinberg, Nell Mackenzie, Dhara Ranasinghe, Kirsten Donovan Organizations: New York Stock, REUTERS, BNP, RIC, Investors, Group, Thomson Locations: Manhattan, New York City , New York, U.S

A redacted transcript unsealed late on Wednesday showed DuckDuckGo had struck a deal with Apple in 2014 to be shown as an option on Apple devices. Soon after, DuckDuckGo began pressing Apple to be made the default choice for users who wanted to work in privacy mode, which limited data collected on the user. DuckDuckGo has about 2.5% of the search market, he testified. In those meetings, Weinberg said, Apple executives would bring up the concern that its distribution agreements with Google may bar the change. The Justice Department has said that Google, which has some 90% of the search market, pays some $10 billion annually to Apple, other smartphone makers and others to be the default search.

Persons: Eric Gaillard, DuckDuckGo, Gabriel Weinberg, Weinberg, Apple, Apple's John Giannandrea, Bing, Giannandrea, Diane Bartz, Richard Chang, Marguerita Choy Organizations: REUTERS, Rights, Apple, Google, Thomson

☆ Apple considered buying Bing from Microsoft in 2018
▼ + stars: | 2023-10-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Apple executives have said they picked Google because it's the best search engine, not primarily because of Google's payments. The deal with Microsoft wasn't completed and Giannandrea said he believed Apple CEO Tim Cook told Microsoft it wasn't going forward. Google pays Apple as much as $19 billion per year to be the default search engine on Apple products, according to an estimate . Microsoft was interested in Apple paying for improvements to the search engine, Giannandrea said, including expanding it to additional international markets. He also compared Bing and Google search in 2021 to see the progress Microsoft had made and found Google was significantly better at mobile queries.

Persons: Gabriel Weinberg, Apple, Giannandrea, Adrian Perica, Bing, Microsoft wasn't, Tim Cook, Siri, Apple's, John Giannandrea, he's, Cook, Satya Nadella Organizations: Google, Apple, Department, Bing, Microsoft, CNBC, DOJ

☆ DuckDuckGo CEO testified that Apple was 'really serious' about replacing Google as default for private browsing
▼ + stars: | 2023-10-05 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Apple once considered replacing Google as its default search engine in private browsing mode on its products in favor of DuckDuckGo, according to recently unsealed testimony by the rival search CEO. DuckDuckGo first got a response from Apple about its idea to become the default search engine in private browsing in 2016, Weinberg said. DuckDuckGo claims its search engine greatly reduces the amount of tracking that is still possible in other search engines, even while on private browsing mode. DuckDuckGo presented Apple executives with data about what Apple users expect from private browsing mode, which Weinberg said he'd thought "was pretty compelling." DuckDuckGO estimated its market share "would increase multiple times over" just by becoming the default in private browsing mode.

Persons: Gabriel Weinberg, Apple, Weinberg, Apple's, DuckDuckGo, Craig Federighi, he'd, Adler, John Giannandrea, Giannandrea, Apple didn't Organizations: DuckDuckGo Inc, Washington , D.C, Google, CNBC, Department, Apple, Microsoft, Bing, Worldwide Developers Conference, Samsung, Mozilla, Opera, YouTube Locations: Washington ,, Cupertino , California, Cupertino

☆ Apple rejected opportunities to buy Microsoft’s Bing, integrate with DuckDuckGo
▼ + stars: | 2023-10-05 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

But it also shows how Apple has wrestled with Google’s rise and how some at Apple yearned for “optionality.” Apple didn’t immediately respond to a request for comment. (Last week, Nadella testified that he has spent every year of his tenure as CEO trying to persuade Apple to adopt Bing.) He made a similar argument internally about DuckDuckGo, saying in an email that moving ahead with that partnership was “probably a bad idea.” (DuckDuckGo licenses search results from Bing.) Still, Giannandrea testified, some within Apple thought that dealing with Bing in some fashion could yield benefits to Apple. Apple today has the enormous resources to build a true rival to Google, Giannandrea testified.

Persons: Microsoft’s Bing, they’ve, Gabriel Weinberg, John Giannandrea, Apple, Apple didn’t, Laura Jones, Jeff Chiu, Giannandrea, Bing, Tim Cook, Satya Nadella, Nadella, DuckDuckGo, Weinberg, Jakub Porzycki, ” Weinberg, ”, Apple’s, Cook, Bing “, “, Adrian Perica, ” Giannandrea, “ it’s Organizations: CNN, Apple, Google, Microsoft, Cook, Bing, Mozilla, Opera, Samsung Locations: Bing, San Francisco

☆ Walter Isaacson: The UAW strike is about legacy automakers figuring out the transition to EVs
▼ + stars: | 2023-09-27 | 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 EmailWalter Isaacson: The UAW strike is about legacy automakers figuring out the transition to EVsWalter Isaacson, Elon Musk biographer and partner at Perella Weinberg, joins 'Squawk Box' to discuss the state of the UAW strike, the impact of the strike on the auto industry at large, and more.

Persons: Walter Isaacson, EVs Walter Isaacson, Elon Musk, Perella Weinberg Organizations: UAW

☆ How to Take Care of Your Skin in the Fall and Winter
▼ + stars: | 2023-09-25 | by ( Anna Maltby | ) www.nytimes.com time to read: +1 min

As the outside air cools and the heat starts to crank on indoors, you may notice your skin becoming flaky, maybe even a bit itchy. Welcome to fall and winter. When temperatures drop, the air gets drier — both indoors and outdoors — and moisture gets pulled from the lipid barrier. With less hydration, the turnover of skin cells is impaired and they start to clump together, which people can experience as dry, flaky or even scaly skin, Dr. Craiglow said. Some are more susceptible to developing dry skin in cooler weather, particularly older adults and those with eczema, said Dr. Jeffrey Weinberg, a clinical professor of dermatology at the Icahn School of Medicine at Mount Sinai.

Persons: ”, Brittany Craiglow, Craiglow, Jeffrey Weinberg Organizations: Yale School of Medicine, Icahn School of Medicine Locations: Fairfield , Conn, Mount Sinai

“For years, forces behind the scenes have repeatedly attempted to silence my voice and dig my political grave,” Menendez said in a statement. It's a sign, those who know Menendez said, that he won't be going anywhere without a fight, for now. His own biography touts the fact that he wanted to fight corruption early in his political career, testifying against Union City officials and building a reputation as tough. Menendez was appointed to be a U.S. senator in 2006 when the seat opened up after incumbent Jon Corzine became governor. The couple began dating in 2018 and got engaged in 2019 after meeting at an IHOP in Union City, a frequent haunt of Menendez’s.

Persons: — Sen, Bob Menendez's, Menendez, “, ” Menendez, “ Sen, what’s, I’ve, Steve Sweeney, ’ It’s, —, Jon Corzine, hasn't, Bob Menendez, ”, Benjamin Dworkin, Nadine, Alicia Menendez, Rob Menendez, Biden, Loretta Weinberg, he's, Dr, Salomon Melgen, wasn't, He's, Philip R, Sellinger Organizations: Democratic, Union City, U.S . House, Foreign Relations, Republican Party, “, Rowan Institute for Public Policy, Citizenship, Republicans, New Locations: TRENTON, N.J, Union City , New Jersey, U.S, Union City, New Jersey, Florida, Dominican Republic, Egypt

☆ Google's contracts with browser makers blocked us from distribution, says rival search engine DuckDuckGo
▼ + stars: | 2023-09-21 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Google's exclusive contracts proved to be an "obstacle" for DuckDuckGo in pitching browsers on becoming the default search engine for their private browsing modes, DuckDuckGo CEO Gabriel Weinberg testified in federal court on Thursday. DuckDuckGo, known for its privacy-centric search engine that rivals Google's, had at some point pitched its search engine to be the default in private browsing modes of other browsers, Weinberg testified in Washington, D.C., District Court. "We thought it was a great pitch to browsers, honestly," Weinberg said during questioning by an attorney for the Justice Department. DuckDuckGo's own research has found that many consumers aren't aware that private browsing modes do not provide as much tracking protection as they would expect. Weinberg said the company presented that information to browser makers, showing that private browsing can mislead consumers, offering DuckDuckGo as a solution to that problem.

Persons: Gabriel Weinberg, DuckDuckGo, Weinberg Organizations: DuckDuckGo Inc, Washington , D.C, Google's, Google, Department of Justice, Justice Department Locations: Washington ,

“We hit an obstacle with Google's contracts,'' Weinberg said in U.S. District Court in Washington. Google counters that it dominates the internet search market because its product is better than the competition. After a couple years, the company began positioning itself as a search engine that respects people’s privacy by promising not to track what users search for or where they have been. That's loose change for Google's parent company, Alphabet, which generated $283 billion in revenue last year. In court Thursday, Lehman said his best guess is that search engines will shift largely from relying on user data to relying on machine learning.

Persons: Gabriel Weinberg, Weinberg, DuckDuckGo, Edward Snowden, Eric Lehman, Department’s, Lehman, Baidu, Russia’s, Google’s, ’ ’, Judge Amit Mehta, Taylor Swift, Travis Kelce Organizations: WASHINGTON, Google, The U.S . Department of Justice, Apple, Verizon, MIT, Cambridge, Microsoft, NFL Locations: U.S, Washington, The, Pennsylvania

☆ C.E.O. of Google Rival Describes Obstacles to Efforts to Compete
▼ + stars: | 2023-09-21 | by ( Cecilia Kang | More About Cecilia Kang | ) www.nytimes.com time to read: +1 min

Gabriel Weinberg of DuckDuckGo said that Google’s deals to make its search engine the default on browsers and other platforms blocked its ability to compete effectively. DuckDuckGo, with only 2.5 percent of the U.S. market for search, tried to negotiate with other companies to make its privacy-focused search engine a default. But it was continually turned down because of Google’s deals with those tech partners, he said. “We ultimately decided after three years of trying this that it was a quixotic exercise because of the contracts,” Mr. Weinberg said. Executives at Apple, Microsoft and Verizon are also expected to testify in the trial, which could reshape how consumers get information online.

Persons: DuckDuckGo, Gabriel Weinberg, “, ” Mr, Weinberg Organizations: Google, Apple, Microsoft, Verizon Locations: U.S

A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. KEY QUOTE:Weinberg testified that he had pressed particular companies - he did not name them - to use DuckDuckGo as the default and found some interest but ultimately no success because of Google's contracts with the companies. "We ultimately decided, this was after three years of trying this, that this was a quixotic exercise because of the contracts." *The clout in search then makes Google a heavy hitter in the lucrative advertising market, boosting its profits. *DuckDuckGo has around 2.5% of the online search engine market because it has not been able to win a default position on devices made by big companies.

Persons: Paresh Dave, DuckDuckGo, Gabriel Weinberg, Weinberg, Diane Bartz, Kirsten Donovan Organizations: REUTERS, Rights, Google, Apple, Thomson Locations: Mountain View , California, U.S, Washington

☆ Former Bridgewater CEO Dave McCormick would get big money backing for Pennsylvania U.S. Senate run
▼ + stars: | 2023-09-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Dave McCormick, Republican U.S. Senate candidate from Pennsylvania , greets supporters during a campaign event with Sen. Ted Cruz, R-Texas, at Lehigh Valley Sporting Clays in Coplay, Pa., on Tuesday, January 25, 2022. The last time McCormick ran for Senate, his chief rival in the Republican primary was TV host Dr. Mehment Oz. Christian Ferry, who previously worked for Republican Sen. Lindsey Graham and late GOP Sen. John McCain, said, "Every cycle these totals continue to go up." McCormick has reportedly been promised the support of the Senate Leadership Fund, a super PAC aligned with Republican Senate Minority Leader Mitch McConnell of Kentucky. Burch paid approximately $16 million for the estate, according to Newsday.

Persons: Dave McCormick, Sen, Ted Cruz, Dave McCormick's, Tory Burch, McCormick, Goldman Sachs, Lloyd Blankfein, Steven Mnuchin, Gary Cohn, David Solomon, Bob Steel, Perella Weinberg, Mnuchin, Donald Trump, Cohn, Bob Casey, Paul Singer, Steve Schwarzman, Burch, Mnuchin Cohn, Singer, Schwarzman, Steel, Dave, agains Casey, Dina Powell McCormick, Dina, Democrat John Fetterman, Mehment Oz, OpenSecrets . Oz, Donald Trump . Oz, Casey, Oz, Alex Conant, Republican Sen, Marco Rubio, It's, Lindsey Graham, GOP Sen, John McCain, Mitch McConnell of Organizations: Republican U.S, Lehigh Valley, U.S, Senate, Bridgewater Associates, Democratic, Elliot Investment Management, Blackstone, CNBC, Steel, NBC News, Associated Press, McCormick, Keystone, Bush, Treasury, Pennsylvania Senate, Democrat, Republican, GOP, PAC, Bridgewater, Pennsylvania Democratic Party, Fund, Prosperity, that's, Koch Industries, Hamptons, Newsday Locations: Republican, Pennsylvania, Texas, Coplay, Pa, Connecticut, Pittsburgh, Trump, OpenSecrets ., Mitch McConnell of Kentucky, Southampton, Long, , New York, Palm Beach

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