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☆ IRS set to launch its free tax filing pilot program
▼ + stars: | 2024-01-25 | by ( Katie Lobosco | ) edition.cnn.com time to read: +6 min

Washington CNN —When tax filing season opens on January 29, some taxpayers will have the option of filing their 2023 federal tax returns with a brand new, government-run system. The law required the IRS to complete a cost and feasibility study about developing a free, electronic tax filing system, which it released in May. If the pilot program is successful, Direct File could eventually rival competing services in the private market. This screenshot shows the Internal Revenue Service's free tax filing pilot. It offers step-by-step guidance, in both English and Spanish, to taxpayers filing their federal tax returns by posing questions about their income and tax situations.

Persons: Danny Werfel, haven’t, Biden Organizations: Washington CNN, IRS, Democrat, Congress, Internal Revenue, Social Security, Taxpayers, Republicans Locations: Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming

HOUSTON (AP) — A Texas attorney has been accused of using work-related visits to a county jail to smuggle in legal paperwork laced with ecstasy and synthetic marijuana to inmates over the past several months, authorities announced Monday. Ronald Lewis, 77, was arrested on Friday after arriving at the Harris County Jail in Houston to visit an inmate, Harris County Sheriff Ed Gonzalez said at a news conference. Other attorneys are also suspected of smuggling drug-laced paperwork into the jail but “we don’t think it’s actually widespread,” Gonzalez said. We’re going to make sure we investigate it fully and hold them accountable.”Gonzalez said the county jail is like others around the country that have seen an increase in overdoses. The county jail has had at least 18 inmate deaths this year, some of them believed to be drug-related.

Persons: —, Ronald Lewis, Harris County Sheriff Ed Gonzalez, Lewis, Gonzalez, Jay Wheeler, Wheeler, “ We’re, ” Wheeler, ” Gonzalez, “, “ There’s, ___, Juan, Lozano Organizations: HOUSTON, Harris County Sheriff, State Bar of, Investigations, Security Division, Authorities, Texas Rangers Locations: Texas, Harris, Houston, Harris County, State Bar of Texas

☆ Polimorphic uses AI to cut down on admin faced by local governments. Check out the 16-slide deck it used to raise $5.6 million.
▼ + stars: | 2023-11-06 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Polimorphic, a startup using AI to help improve governmental workflows, has raised $5.6 million from early-stage fund M13. "A lot of services require you to either come in person or mail in PDFs or checks. "We're really focused on helping make that customer service easier, more efficient, but then also magical for constituents," he said. "So when you think about the opportunities AI provides, is the opportunity for governments to be able to provide critical services," he said. Check out the 16-slide pitch deck used to secure the fresh funding.

Persons: it's, Parth Shah, Shah, Latif Peracha, Polimorphic Organizations: Shine Locations: New York

☆ Lumen Technologies tops third-quarter revenue estimates on strong demand
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Telecommunications services firm Lumen Technologies (LUMN.N) beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its services as businesses digitize their operations. The Monroe, Louisiana-based company posted revenue of $3.64 billion for the quarter ended Sept. 30, beating analysts' average estimate of $3.61 billion, according to LSEG data, but fell 17% from a year earlier. The proposed sale of Lumen's EMEA business is expected to close on Wednesday, subject to meeting customary closing conditions, the company said. The company said its long-term debt at the end of the third-quarter was $19.74 billion. Lumen posted a net loss of $78 million for the quarter compared with a reported net income of $578 million a year earlier.

Persons: Lumen, Kate Johnson, Johnson, Jaspreet Singh, Krishna Chandra Organizations: Telecommunications, Lumen Technologies, EMEA, California's Department of Technology, Thomson Locations: Monroe , Louisiana, Bengaluru

☆ How an 11th-century monastery reclaimed artifacts from the US — and discovered a hoard of treasures in the process
▼ + stars: | 2023-10-25 | by ( Christy Choi | ) edition.cnn.com time to read: +11 min

CNN —Hidden under years of dirt and grime in storage rooms, hundreds of precious religious objects have been rediscovered at a monastery in Nepal’s capital, Kathmandu. Until earlier this year, three of the sculptures were more than 7,500 miles away in New York’s Rubin Museum of Art, which specializes in Himalayan art, as well as the Metropolitan Museum of Art. Like many of Nepal’s religious sites, Itumbaha is no stranger to the theft and looting of its relics and architecture. A 14th-century carving religious carving (top) that was returned to Itumbaha by New York's Rubin Museum of Art. But for Itumbaha’s leaders, the process of recovering these objects was not only about addressing historical injustice.

Persons: ”, New York’s Rubin, New York's Rubin, Pranab Joshi, Rubin, Swosti Rajbhandari, Pragya Ji, Jorrit Britschgi, “, ’ ”, Roshan Mishra, Mishra, Nepalis, it’s, —, ” Mishra, they’re, ” Kayastha, ‘, ” “ Rubin, “ Rubin, Riddhi Baba Pradhan, Itumbaha Pradhan Organizations: CNN, New York’s, New York’s Rubin Museum of Art, Metropolitan Museum of Art, New, New York's Rubin Museum of Art, Met, Lumbini Buddhist University, Records, Ithum Conservation Society, Rubin Museum, Lost Arts of Nepal, “ Locations: Nepal’s, Kathmandu, New, Itumbaha, Nepal, Lumbini, Ithum, Kathmandu Valley

☆ At unicorn startup Carta, a culture of absolute fealty to an erratic and vindictive CEO, employees say
▼ + stars: | 2023-10-24 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +17 min

Both men remained valued employees at Carta, with the sales representative even getting promoted just weeks after the alleged "helicopter penis" incident, according to former employees. CEO Henry Ward cofounded Carta, originally called eShares, in 2012 as a service for startups to digitize their paper stock certificates. Today Carta helps startups track their investors, employees manage their equity awards, and venture capitalists administer their funds. The lawsuit says that 10 days after Rogers filed her complaint, Ward "began treating Ms. Rogers in an aggressive and demeaning manner during several meetings." Many of the employees who have spoken out publicly about Carta and Ward have found themselves embroiled in expensive legal battles.

Persons: Lisa Whittaker, Whittaker, Jerry Talton, David Kim, Andrea Lamari, Kim, Henry Ward, Andreessen Horowitz, Ward, Henry, Alex Kurland, Carta, Peter Thiel, Simon Cowell, Talton's, Suzanne Elovic, Elovic, Lamari, Jeff Perry, Perry, salespeople, JT Goodman, Goodman, Goodman didn't, Jeff Perrry, Allie Rogers, Rogers, Rodgers, Rachel Mayes, Ward doesn't, Mayes, Jeff, Jeff Perry countersued, Orrick Herrington, Sutcliffe, Kleiner Perkins, Ellen Pao, Amanda Sheets, Sheets, Pushback, Lindauer, Whitaker, Whittaker wasn't, Barbara Byrne, Byrne, Talton, Joe Osnoss, Osnoss, Heidi Johnson, Johnson Organizations: Carta, UBS, Gold Club, Lightspeed, California Civil Rights Department, Meritech, YouTube, Win, York Stock Exchange, San, San Francisco Superior, San Francisco Superior Court, Barclays, Lehman Brothers, Montana Human Rights Bureau Locations: San Francisco, Brazil, Silicon Valley, California, Palo, Iranian, Lindauer, Silver, Montana

☆ Check out the 17-slide pitch deck energy storage company Skeleton Technologies used to raise $114 million in a mix of debt and equity funding from Siemens and Marubeni
▼ + stars: | 2023-10-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Estonian energy tech company Skeleton Technologies has raised 108 million euros (around $114 million) from multinational Siemens and Japanese conglomerate Marubeni. Skeleton, which was founded back in 2009 in Tallinn, manufactures fast-charging energy storage systems for transport, maritime, the grid, and medical equipment. Its secret sauce is its own material, Curved Graphene, which increases how much energy can be stored in its supercapacitors. The fresh funds, which bring Skeleton's total raised to over 300 million euros (around $316 million), is a mixture of equity and debt. Marubeni, meanwhile, distributes Skeleton's products in Asia and helps it secure customers in the region.

Persons: Taavi Madiberk, Warren Buffet's Berkshire Hathaway, Skeleton's, Madiberk Organizations: Technologies, Siemens, Strategic, Siemens Financial Services, Marubeni Corporation, North America Locations: Tallinn, Germany, Asia, North

casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, ”, “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, —, Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: ”, Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman

☆ Investing in Space: On satellites, the invisible backbone of global industry
▼ + stars: | 2023-10-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a "more balanced demand environment" emerges. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. GPS, geospatial intelligence and satellite communications are the invisible backbone that powers the world's largest industries today." That's the core of Space Capital managing partner Chad Anderson's pitch to new investors about the value of the space industry – and I think the "invisible backbone" element serves as an important reminder. Satellites have been, are, and will continue to be a critical backbone of the world's industries – even if we don't notice.

Persons: CNBC's Michael Sheetz, Chad Anderson's, David Sherry, Sherry, Starlink, We've, Lloyd Organizations: Shipping, Maersk, Space Capital, Starlink, Mitsui, Eastern Pacific Shipping, Polembros Shipping Locations: Danish, Mitsui O.S.K

[1/2] A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada, Dec. 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOct 18 (Reuters) - Bank of Nova Scotia (BNS.TO) on Wednesday announced plans to cut about 2,700 jobs globally - 3% of its workforce - and take a C$590 million ($430.94 million) charge in the fourth quarter, making it the latest Canadian bank to take cost-cutting steps in a challenging environment. Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO) similarly have cut hundreds of jobs in response to rising costs in a high interest rate environment. Scotiabank said the layoffs will result in a restructuring charge and severance provisions of about C$247 million. Analysts said the charge does not come as a surprise amid a review of is strategic direction.

Persons: Carlos Osorio, Scott Thomson, Darko Mihelic, Jaiveer Singh, Balu, Will Dunham, Shilpi Majumdar, Jonathan Oatis Organizations: The Bank of, Scotiabank, REUTERS, Bank of Nova, Wednesday, Royal Bank of Canada, Bank of Montreal, China's, China's Bank of Xi'an, Analysts, RBC Capital, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, China's Bank, Bengaluru, Toronto

☆ Here's the 21-page pitch deck that Slope, a fintech looking to upend B2B payments, used to score $30 million from investors like OpenAI's Sam Altman
▼ + stars: | 2023-10-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Lin Murata worked at the business growing up, doing everything from sales to filing paperwork to working the cash register. "My parents, they're very old school, and all the existing solutions were excruciating to use, and we realized there was a real need for a frictionless B2B payments solution," said Lin Murata. It's a tall order to digitize B2B payments — companies ranging from middle-market companies and mom-and-pop shops have been notoriously hard to penetrate and spur technological change. Of the $125 trillion market for global B2B payments, only a fraction of transactions — less than $6 trillion according to Slope's pitch deck — occur online. The latest investment brings Slope's total funding to $187 million, with $62 million in equity and $125 million in debt capital.

Persons: Lawrence Lin Murata, Lin Murata, Alice Deng, Deng, Sam Altman, OpenAI's Sam Altman Organizations: Union Square Ventures, OpenAI's Locations: China, Brazil, Slope's

☆ Check out the pitch deck that helped Kennek, a London fintech startup that helps digitize private credit providers, raise $12.5 million in seed funding
▼ + stars: | 2023-10-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Kennek, a London fintech startup that helps digitize private credit providers, has raised $12.5 million. Founded in 2021, the company offers a SaaS platform to the non-bank lending space. Kennek, a London-based fintech startup that helps private credit businesses digitize their offerings, has raised $12.5 million in seed funding, the company said Tuesday. Founded in 2021, Kennek was founded by a team of former operators in the banking and credit spaces to provide better digital tooling to the non-bank lending industry. Banks lend less than they used to, which has led to many smaller, alternative credit providers springing up to provide alternatives.

Persons: Kennek, Banks, Xavier De Pauw Locations: London

☆ Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 28 (Reuters) - Cognizant Technology Solutions (CTSH.O) on Thursday named former Wipro (WIPR.NS) chief financial officer Jatin Dalal as its CFO, a week after his resignation from the Indian information technology (IT) major. The pace of executive churn has picked up in the Indian tech industry in recent months. Dalal became Wipro's CFO in 2015, and with CEO Thierry Delaporte steered the company through the pandemic as demand for digital services boomed. "We are pleased to welcome Jatin to Cognizant and confident he will help us achieve our goals as we continue to focus on driving revenue growth," Cognizant CEO Ravi Kumar S said in the statement. Cognizant projected third-quarter revenue above estimates in August as more businesses turned to the IT services provider to digitize their operations.

Persons: Dado Ruvic, Jatin Dalal, Ravi Kumar S, Dalal, Jan Siegmund, Rajesh Gopinathan, Mohit Joshi, Wipro's, Thierry Delaporte, Jatin, Cognizant, Jaspreet Singh, Hritam Mukherjee, Varun Organizations: REUTERS, Technology Solutions, Wipro, Cognizant, Infosys, Indian, Tata Consultancy Services, Tech Mahindra, Thomson Locations: Bengaluru

☆ Peloton zooms after striking global deal with yoga wear maker Lululemon
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsSept 27 (Reuters) - Peloton Interactive (PTON.O) and Lululemon Athletica (LULU.O) said on Wednesday they had entered into a five-year global partnership, sending Peloton's shares up 16.7% in aftermarket trading. Under the deal, Peloton would become the exclusive digital fitness content provider for the apparel maker, developing all content for Lululemon Studio beginning early 2024. The fitness platform provider, once a pandemic darling, has taken a series of measures to cut costs. Shares of Peloton's rival Xponential Fitness (XPOF.N) pared some gains on the news of the company's deal with Lululemon and were last up 3.6% after the bell. Lululemon also said it would discontinue selling its Studio Mirror - an interactive "smart fitness" device that features live, on-demand workouts - which has seen lackluster demand in recent months.

Persons: Carlo Allegri, Lululemon, Shivansh, Pooja Desai Organizations: REUTERS, Lululemon Studio, Lululemon, Thomson Locations: Manhattan, New York City, U.S, Bengaluru

☆ Food-truck owners from marginalized communities are cooking up success with cloud-based POS systems and analytics software
▼ + stars: | 2023-09-26 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +10 min

Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.

Persons: —, IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland

☆ Cramer's week ahead: Earnings from Costco, Paychex and Accenture
▼ + stars: | 2023-09-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday told investors what to look out for in the week ahead, and focused on companies whose earnings reports could lend insight into consumer spending. On Tuesday, Cintas and Costco report earnings. He thinks investors should also pay attention to whether Costco is seeing any kind of consumption slowdown to help gauge consumer spending. Paychex , a payroll processors for small and medium-sized businesses, reports earnings on Wednesday. On Thursday, Cramer will look for the earnings report from Accenture , a company that helps businesses digitize their operations.

Persons: CNBC's Jim Cramer, Cramer Organizations: United Auto Workers, Ford Motor, Costco, Accenture Locations: Cintas

☆ Google and the Department of Defense are building an AI-powered microscope to help doctors spot cancer
▼ + stars: | 2023-09-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +9 min

Zafar turned to his microscope – a canonically beloved tool in pathology that the doctors rely on to help make their diagnoses. It's an artificial intelligence-powered microscope built by Google and the U.S. Department of Defense. The AI-powered tool is called an Augmented Reality Microscope, or ARM, and Google and the Department of Defense have been quietly working on it for years. When a glass slide is prepared and fixed under the microscope, the AI is able to outline where cancer is located. For many smaller health systems, digitization is not yet worth the hassle.

Persons: Niels Olson, Nadeem Zafar, Zafar, Zafar's, Mitre Ashley Capoot, Mitre, it's, Ashley Capoot, CNBC Patrick Minot, Minot, Olson, It's, Aashima Gupta, Gupta Organizations: Microscope, U.S . Department of Defense, Google, CNBC, ARM, Department of Defense, Mitre, Minot, Defense Innovation Unit, U.S . Navy, Naval, Naval Medical Center Locations: Seattle, Mitre, Washington ,, DIU, Guam, U.S, Micronesia, San Diego, Mountain View , California

☆ Microsoft and Paige are building the world's largest AI model for detecting cancer
▼ + stars: | 2023-09-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +6 min

The AI model is training on an unprecedented amount of data that includes billions of images, according to a release . Paige also built an AI model that can help pathologists identify breast cancer, colon cancer and prostate cancer when it appears on the screen. But in order to expand its operations and build an AI tool that can identify more cancer types, Paige turned to Microsoft for help. Over the past year and a half, Paige has been using Microsoft's cloud storage and supercomputing infrastructure to build an advanced new AI model. Paige's original AI model used more than 1 billion images from 500,000 pathology slides, but Fuchs said the model the company has built with Microsoft is "orders of magnitude larger than anything out there."

Persons: Paige, Fuchs, Thomas Fuchs, Andy Moye, ChatGPT, Moye, Desney Tan, Tan Organizations: CNBC, Food and Drug Administration, Memorial Sloan Kettering Cancer Center, Netflix, Microsoft, Microsoft Health Futures, Cornell Locations: New York

☆ Embedded finance, FinOps, and treasury management are grabbing VC attention right now despite a collapse in fintech funding, investors say
▼ + stars: | 2023-08-29 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +6 min

Global VC fintech funding has been cut in half to $23 billion so far this year, per S&P data. Fintech startups focused on solving business issues have remained somewhat resilient. Globally venture capital funding to fintech companies dropped 49% year-on-year to $23 billion in the first half of 2023, according to S&P data. Within that, investment in consumer-facing fintech startups, such as banking and trading apps, has endured an even more torrid year, sliding by 73.8% to $1.9 billion in Q2. Insider spoke to four fintech investors who identified the areas within B2B fintech that are capturing their attention right now.

Persons: Khalil Hefaf, fintech, Hefaf, Uber, Banks, Alix Brunet, Europe's, Weavr, Griffin cofounders Allen Rohner, David Jarvis Griffin, Dan Chaplin, Kaushik Subramanian, Payrails cofounders Emre Talay, Orkhan Abudullayev, Nicolas Thouzeau Payrails, Chaplin Organizations: Target, Mass Mutual Ventures, Griffin, Dawn Capital, Treasury, Payrails, EQT Ventures, London, UBS Locations: Europe, digitize, London, Germany, Payrails

☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
▼ + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."

Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S

☆ I.R.S. Says Cash Influx Has Made Agency Bigger and More Digital
▼ + stars: | 2023-08-16 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

agents who are out to shake down average taxpayers,” Mr. Werfel said. funding is intended to help the agency recover from debilitating budget cuts over the past several years. The agency has been racing to digitize tax forms and reduce hold times that have frustrated taxpayers who try to call the I.R.S. To underscore the idea of a friendlier I.R.S., Mr. Werfel noted that the agency announced last month it would dramatically curb unannounced visits by agents to homes and businesses. agents and taxpayers and help eliminate scams by people who impersonate I.R.S.

Persons: Werfel, Mr, Biden, I.R.S

☆ Clinical data is a goldmine — but Europe's startups are struggling to grow
▼ + stars: | 2023-08-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Big Pharma and biotech companies often outsource clinical trials to external companies. Europe's early-stage clinical trials startups are flush with funds but they're struggling to grow. The fate — and market cap — of a biotech company often lies with a successful clinical trial. The COVID-19 pandemic also spotlighted another promising alternative to carry out these trials — startups. While the US touts around a dozen clinical trials unicorns valued at $1 billion or higher, per Dealroom estimates, Europe's startups are lagging behind.

Persons: BEN, Janssen, Christoph Ruedig, Maya Zlatanova, Europe hasn't, Matt Wilson, Wilson, Christoph Massner, it's, Ruedig Organizations: Big Pharma, pharma, Janssen Pharmaceuticals, Tempus, Venture, Albion VC, US, Earlybird Ventures Locations: Europe, New York, American

☆ How different kinds of investors can approach this August market pullback
▼ + stars: | 2023-08-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.

Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton

Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File photoAug 11 (Reuters) - Universal Music Group (UMG.AS), Sony Music Entertainment (6758.T) and other record labels on Friday sued the nonprofit Internet Archive for copyright infringement over its streaming collection of digitized music from vintage records. Representatives for the Internet Archive did not immediately respond to a request for comment on the complaint. The San Francisco-based Internet Archive digitally archives websites, books, audio recordings and other materials. The Internet Archive is already facing another federal lawsuit in Manhattan from leading book publishers who said its digital-book lending program launched in the pandemic violates their copyrights.

Persons: Dado Ruvic, Frank Sinatra, Ella Fitzgerald, Miles Davis, Billie Holiday, Bing Crosby's, Chuck Berry's, Ellington's, Blake Brittain, David Bario, Diane Craft Organizations: Universal, REUTERS, Universal Music, Sony Music Entertainment, Thomson Locations: Manhattan, San Francisco, Washington

☆ Cognizant projects revenue above estimates, CFO to retire in 2024
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/IllustrationAug 2 (Reuters) - Cognizant Technology Solutions (CTSH.O) forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6% after the bell. The company also said CFO Jan Siegmund would retire in early 2024. The New Jersey-based company expects current-quarter revenue of between $4.89 billion and $4.94 billion, compared with analysts' estimates of $4.86 billion, according to Refinitiv data. The company now expects full-year adjusted profit per share in the range of $4.25 to $4.48, compared with an earlier estimate of between $4.11 and $4.34. The company reported adjusted profit of $1.10 per share, compared with estimates of 99 cents.

Persons: Dado Ruvic, Jan Siegmund, Ravi Kumar S, Jaspreet Singh, Devika Organizations: REUTERS, Technology Solutions, TCS, Accenture, Revenue, Thomson Locations: The New Jersey, Bengaluru

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