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China's decision may escalate trade disputes globally and spur other countries to prioritize research into alternative sources and materials, industry executives said. "We see China's move as a potential catalyst to highlight the urgency of improving (U.S.) graphite supply," said John DeMaio, president of Graphex Group's (6128.HK) graphene division. It has graphite supply deals with Syrah Resources (SYR.AX) and is looking for other sources, DeMaio said. Synthetic graphite could account for nearly two-thirds of the EV battery anode market by 2025, Benchmark Mineral Intelligence estimates. Chief Operating Officer Hans Erik Vatne told Reuters recently that developing synthetic graphite production is costly, but that is the price to pay to reduce reliance on China.

Persons: Fabian Bimmer, John DeMaio, Graphex Group's, DeMaio, Tesla, Hans Erik Vatne, Rob Anstey, Alvin Liu, Akash Sriram, Ernest SCheyder, Nick Carey, Christina Amann, Marie Mannes, Gilles Guillaume, Ilona Wissenbach, Ben Klayman, Josie Kao Organizations: Volkswagen, REUTERS, Syrah Resources, Magnis Energy Technologies, Mineral Intelligence, Reuters, EVs, BMO Capital Markets, BMW, Volvo, Renault, General Motors, Ford, Thomson Locations: Salzgitter, Germany, China, Warren , Michigan, West, U.S, Europe, Oslo, Norway, Bengaluru, Houston, London, Berlin, Stockholm, Paris, Frankfurt

☆ China restricts exports of graphite as it escalates a global tech war
▼ + stars: | 2023-10-20 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

“At the moment both China and Western countries are engaged in a tit for tat, highlighting how protectionist measures often spread. China, which dominates the world’s production and processing of graphite, says export permits will be needed, starting in December, for synthetic graphite material — including high-purity, high-strength and high-density versions — as well as for natural flake graphite. China was the world’s leading graphite producer last year, accounting for an estimated 65% of global production, it said. Gallium, germanium restrictionsThe export curbs were announced as China faces pressure from multiple governments over its commercial and trade practices. In July, Beijing imposed export restrictions on gallium and germanium, two minerals essential for making semiconductors.

Persons: ”, Stefan Legge, carmakers, Ivan Lam Organizations: Hong Kong CNN, Ministry of Commerce, Administration, Customs, “, University of St, Institute for Energy Research, EV, International Energy Agency, Geological Survey, Counterpoint Research, US Department of Energy Locations: China, Hong Kong, United States, University of St Gallen, Switzerland, Washington, DC, Europe, Asia, Beijing, Russia, Ukraine

☆ Beam Therapeutics to cut 20% of workforce as part of restructuring plan
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Companies Beam Therapeutics Inc FollowOct 19 (Reuters) - Beam Therapeutics (BEAM.O) said on Thursday it will focus on developing its experimental sickle cell disease treatments and reduce about 20% of its current workforce, or 100 employees, as part of a restructuring plan. The gene-editing specialist expects to incur one-time expenses of about $6.6 million related to the workforce reduction, which it plans to complete in the fourth quarter. Its experimental sickle cell disease treatments include early-stage candidate BEAM-101, which activates fetal hemoglobin, the dominant form of hemoglobin present in the fetus during gestation. Beam will pause the development of its hepatitis B virus candidate, currently being evaluated in lab studies, and explore partnership opportunities for it. Reporting by Bhanvi Satija and Christy Santhosh in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Beam, David Liu, Feng Zhang, J Keith Joung, Bhanvi Satija, Christy Santhosh, Shilpi Majumdar Organizations: Beam Therapeutics, U.S . Food, Drug Administration, Thomson Locations: Cambridge , Massachusetts, Bengaluru

☆ Hon Hai CEO discusses sales
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHon Hai CEO discusses salesYoung Liu, CEO and chairman of Hon Hai Technology, discusses how the Covid-19 pandemic and geopolitical tensions have affected sales.

Persons: Hai, Young Liu Organizations: Hon, Technology

☆ Hon Hai's 'disruptive business models' will help it compete in the EV market, says CEO
▼ + stars: | 2023-10-19 | 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 EmailHon Hai's 'disruptive business models' will help it compete in the EV market, says CEOYoung Liu, CEO and chairman of Hon Hai Technology, discusses the company's new "3+3" business models, and explains how this will make it competitive in the EV industry.

Persons: Hai's, Young Liu Organizations: Hon, Technology

☆ Hon Hai Chairman says AI factories are 'the way to go' with Nvidia partnership
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHon Hai Chairman says AI factories are 'the way to go' with Nvidia partnershipYoung Liu, CEO and chairman of Hon Hai Technology, discusses the company's partnership with Nvidia to build "AI factories".

Persons: Hai, Young Liu Organizations: Nvidia, Hon, Technology

☆ Fed-up employees might threaten to quit if changes aren't made to their job, but 'thruitting' often does more harm than good
▼ + stars: | 2023-10-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

siraanamwong/Getty ImagesYou're fed up with your job and are finally going to let your manager know it: "Fix this, or I'm leaving." In a bid to keep up with the never-ending stream of workplace trends, let's call this one "thruitting." AdvertisementAdvertisementFor your bookmarksFree tax filing programUS Treasury Secretary Janet Yellen has said tax filing should be simple. SAUL LOEB/AFP via Getty ImagesSee if you're eligible for the IRS' new, free tax filing pilot in 13 states. It's part of the department's attempt to make tax filing simpler and more cost-effective.

Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York

Sharing a stage at Foxconn's annual tech showcase in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies would build these "AI factories" together. And the data centres that produce it are AI factories," Huang said, adding that Foxconn had the expertise and scale to build them globally. Showing a hand-drawn sketch, Huang - sporting his signature black leather jacket - explained how "AI factories" could continuously receive and process data from autonomous electric vehicles to make them smarter. The AI factory would improve the software and update the entire AI fleet," said the Taiwan-born Huang. "In the future, every company, every industry, will have AI factories."

Persons: Foxconn, Liu Young, Jensen Huang, Huang, Orin, Liu, Jun Seki, Terry Gou, Sarah Wu, Ben Blanchard, Christian Schmollinger, Jamie Freed Organizations: Nvidia, EV, Foxconn's Tech, Thomson Locations: TAIPEI, Taipei, Taiwan, China, Foxconn, India, Japan

Sharing a stage at Foxconn's annual Tech Day in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies were building AI factories together. Huang showed a hand-drawn sketch of what the two companies are building, which he called an "AI factory". What Nvidia and Foxconn are building is an entire end-to-end AI system for autonomous electric vehicles, with the AI factory developing the car's software, Huang added. The data would go to the AI factory, the AI factory would improve the software and update the entire AI fleet," he said. "This entire end-to-end system, on the one hand AI factory, on the other end EV fleet, is what Nvidia and Foxconn are building."

Persons: Liu Young, Ann Wang, Foxconn, Jensen Huang, Huang, Liu, Sarah Wu, Ben Blanchard, Christian Schmollinger, Jamie Freed Organizations: Tech Day, REUTERS, Rights, Nvidia, Thomson Locations: Taipei, Taiwan, Rights TAIPEI

☆ Biden snubbed by Middle East allies as Arab world seethes over Gaza hospital blast
▼ + stars: | 2023-10-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

Jordan, Egypt and the Palestinian Authority canceled a planned meeting with Biden less than 24 hours before he was supposed to meet them for a four-way summit in the Jordanian capital, Amman, on Wednesday. The cancellation followed a massive blast in Gaza’s Al-Ahli Baptist Hospital that reportedly killed hundreds of Palestinians. Palestinian officials blamed Israel for the hospital blast, while Israeli officials said it was caused by a misfired Islamic Jihad rocket. Egypt on Wednesday declared three days of mourning for the Gaza hospital victims. Israel ruled Gaza from 1967 to 2005 and it settled Jews there during that period.

Persons: Joe Biden, Biden, Israel, ”, Ayman Safadi, Al, Benjamin Netanyahu, Netanyahu, Israel “, Abdul Khaleq Abdulla, “, Biden’s, King Abdullah, Jordan, Gazans, Olaf Scholz, Abdel Fattah el, Sisi, ” Sisi, Timothy Kaldas, Sisi’s, Sameh Shoukry, CNN’s Christiane Amanpour, ” Shoukry, ” Kaldas, CNN’s Akanksha Sharma, Hamdi Alkhshali, DJ Judd, Eyad Kourdi, Tim Lister, Chloe Liu, Ben Wedeman, Celine Alkhaldi, Abeer Salman Organizations: UAE CNN —, United, United States ’, Palestinian Authority, Ahli Baptist Hospital, Israeli, National Security, CNN, Israel, West Bank, Wednesday, United Arab, Islamic, Tahrir Institute, Middle East Locations: Abu Dhabi, UAE, United States, Israel, Jordan, Egypt, Jordanian, Amman, Gaza’s Al, Ahli, Al Jazeera, Tel Aviv, Washington’s, Gaza, Lebanon, Iraq, Iran, Turkey, Ramallah, United Arab Emirates, Egypt’s Sinai, Washington ,, Europe

☆ Five Eyes intelligence chiefs warn on China's 'theft' of intellectual property
▼ + stars: | 2023-10-18 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +4 min

The officials from the United States, Britain, Canada, Australia and New Zealand - known as the Five Eyes intelligence sharing network - made the comments following meetings with private companies in the U.S. innovation hub Silicon Valley. From quantum technology and robotics to biotechnology and artificial intelligence, China was stealing secrets in various sectors, the officials said. In response, Chinese government spokesman Liu Pengyu said the country was committed to intellectual property protection. The U.S. has long accused China of intellectual property theft and the issue has been a key sore point in U.S.-China relations. "The Chinese government is engaged in the most sustained scaled and sophisticated theft of intellectual property and expertise in human history," said Mike Burgess, the Australian Security Intelligence Organisation's director-general.

Persons: Christopher Wray, Jim Bourg, Wray, Liu Pengyu, Mike Burgess, Burgess, we've, Zeba Siddiqui, Jamie Freed Organizations: Committee, Federal Bureau of Investigation, REUTERS, Rights STANFORD, FBI, Reuters, The, Australian Security Intelligence, Thomson Locations: Washington , U.S, California, China, United States, Britain, Canada, Australia, New Zealand, U.S, Valley . U.S, Washington, The U.S, Australian, Stanford , California

☆ Apple supplier Foxconn says it's 'way too late' to chase dominance in cutting-edge chips
▼ + stars: | 2023-10-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

watch nowApple iPhone supplier Foxconn , officially known as Hon Hai, said its semiconductor strategy is to focus on producing "specialty chips" — not competing in cutting-edge chips. We focus more on specialty technology," Chiang Shang-Yi, chief strategy officer for semiconductor at Hon Hai Technology Group, told CNBC's Emily Tan on Tuesday. Specialty chips are known as semiconductors found in sectors such as automotive and internet of things. And we call it specialty technology – that is not late at all," said Chiang. Chiang Shang-Yi Chief strategy officer for semiconductor"Sometimes we may have to build their cars by their drawings.

Persons: Hai, Chiang Shang, Yi, Emily Tan, Taiwan's, Chiang, Jun Seki, Hai's, Foxconn, Foxtron, – Tesla, Volkswagen –, Young Liu, Liu Organizations: Apple, Hai Technology Group, Samsung, Hai Technology, Yulon, Reuters, CNBC, Volkswagen, Research, Vedanta Locations: South, Foxconn, China, Europe, U.S, India, Karnataka, Beijing, Washington

☆ With a trove of declassified images, the US is shining a light on risky Chinese maneuvers it says could lead to war
▼ + stars: | 2023-10-18 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US has released a trove of declassified photos and videos of Chinese intercepts of US aircraft. Risky intercepts have caused accidents before, and there's growing fear an accident now could lead to war. AdvertisementAdvertisementA Chinese jet during "a coercive and risky" intercept of US plane over the East China Sea in April 2022. AdvertisementAdvertisementA Chinese jet during "a coercive and risky" intercept of a US plane over the South China Sea in June 2022. A Chinese jet conducting "a coercive and risky" intercept of a US plane over the South China Sea in January 2022.

Persons: —, Ely Ratner, That's, Ratner, Iain Huddleston, John Aquilino, Aquilino, Liu Pengyu, Liu, Lloyd Austin, I've, Michael Chase, Chase, Amanda Hsiao, Hsiao, Xi Jinping Organizations: US, Service, US Defense Department, US Air Force, Pacific Command, Pentagon, PLA, Canadian, Canadian Air Division, Canadian NORAD, People's Liberation Army, Embassy, Washington DC, Southern Theater, Maritime, US Defense Department Experts, China, Crisis, US Defense Department China, South China Locations: China, East China, North Korea, South, East, Washington, Beijing

☆ India could account for 20-30% of Hon Hai's manufacturing and sales, says CEO
▼ + stars: | 2023-10-18 | 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 EmailIndia could account for 20-30% of Hon Hai's manufacturing and sales, says CEOYoung Liu, CEO and chairman of Hon Hai Technology, discusses the company's business expansion plans in India.

Persons: Hai's, Young Liu Organizations: Hon, Technology Locations: India

☆ Taiwan’s Foxconn to build ‘AI factories’ with Nvidia
▼ + stars: | 2023-10-18 | by ( Eric Cheung | ) edition.cnn.com time to read: +5 min

Taipei CNN —Taiwan’s Foxconn says it plans to build artificial intelligence (AI) data factories with technology from American chip giant Nvidia, as the electronics maker ramps up efforts to become a major global player in electric car manufacturing. Foxconn Chairman Young Liu and Nvidia CEO Jensen Huang jointly announced the plans on Wednesday in Taipei. The duo said the new facilities using Nvidia’s chips and software will enable Foxconn to better utilize AI in its electric vehicles (EV). Nearly 14 million electric cars will be sold in 2023, it projected. REUTERS/Ann Wang Ann Wang/ReutersDuring last year’s tech day, Liu told reporters that the company hoped to build 5% of the world’s electric cars by 2025.

Persons: Taipei CNN — Taiwan’s Foxconn, Young Liu, Jensen Huang, ” Huang, “, ” Liu, Foxconn, ”, Kylie Huang, Ann Wang Ann Wang, Liu, Chiang Shang, TSMC, Jun Seki, Bill Russo, Automobility, Tesla, ‘ I’m, ’, ” Hanna Ziady Organizations: Taipei CNN, Nvidia, Foxconn, Global, International Energy Agency, Hai Technology Group, Daiwa, Tech, REUTERS, Reuters, Lordstown Motors, General Motors, EV, Nissan Motor, Infineon Technologies Locations: Taipei, Taiwan, Kaohsiung, EVs, Ohio, Chiang, German, Shanghai

“We watched houses dropping as we drove, thinking we could die any minute,” she told CNN. Khan Younis had a population of just over 400,000 before the war. Nardeen Fares, 27, takes a selfie with her husband at Gaza Port, near Gaza City, in the Gaza Strip in May 2023. Over the weekend, concrete slabs were placed at the Egyptian side of the crossing, blocking all gates, a Palestinian border official told CNN Saturday. For my son, my unborn child and myself,” she told CNN.

Persons: CNN — Khulood Khaled, “, ”, ” Khulood, Khan Younis, Dominic Allen, Khan Younis –, Fares, ” Fares, ” She’s, Khan Younis won’t, Nasser, Allen, ” Allen, Antonio Guterres, Brink, Mona Ashour, Hashem Al, Ashour, Antony Blinken, Sameh Shoukry, Israel, Khulood, “ I’m, Kareem Khadder, Abeer Salman, Chloe Liu, Niamh Kennedy Organizations: CNN, United Nations Population Fund, State, CNN Sunday, Nardeen, Israel, Sunday, Nasser Hospital, World Health Organization, United Nations Relief, Works Agency for Palestine Refugees, UN, . Locations: Karama, Gaza, Khan, Palestine, Israel, “, Gaza City, Gaza Port, Kizan, Saudi, Ashour, Palestinian, Egypt’s, Sinai, Egypt, Rafah

☆ Chinese AI startup Baichuan raises $300 mln from Alibaba, Tencent, others
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

HONG KONG/BEIJING, Oct 17 (Reuters) - Chinese artificial intelligence (AI) startup Baichuan has raised $300 million from investors including Chinese tech giants Alibaba (9988.HK) and Tencent (0700.HK), it said on Tuesday. The company said on its WeChat account that the round followed an early $50 million angel round. China's craze over generative AI has triggered a flurry of product and fundraising announcements from startups and tech giants, as the industry races to find a homegrown rival to Microsoft-backed OpenAI's ChatGPT. Shunwei Capital, a venture capital firm chaired by Xiaomi's chief executive Lei Jun, participated in the capital raise, according to a source familiar with the matter. Baidu (9888.HK) on Tuesday unveiled the newest version of its generative AI model, Ernie 4.0, saying its capabilities were on par with OpenAI's pioneering GPT-4 model, but analysts cautioned the launch lacked major highlights versus the previous version.

Persons: Wang Xiaochuan, Baichuan, Lei Jun, Shunwei, Ernie, Josh Ye, Roxanne Liu, Jason Neely, Emelia Organizations: HK, Microsoft, Shunwei, Baidu, Thomson Locations: HONG KONG, BEIJING, Hong Kong, Beijing

[1/8] Police barricade tape is seen at a cordoned-off area after a police operation in Schaerbeek near Brussels, Belgium October 17, 2023. REUTERS/Bart Biesemans Acquire Licensing RightsBRUSSELS, Oct 17 (Reuters) - Belgian police on Tuesday shot and wounded a 45-year-old Tunisian suspected of killing two Swedish football fans in Brussels, Belgian media said. Interior Minister Annelies Verlinden said earlier the wounded man was suspected of being the gunman. The suspected gunman, calling himself Abdesalem Al Guilani, claimed in a video on social media that he was a fighter for Allah. According to a media transcript of the video message recorded by the self-declared perpetrator, he said he had killed Swedes to take revenge in the name of Muslims.

Persons: Bart Biesemans, Annelies Verlinden, Verlinden, Philippe Close, BFM, Alexander De Croo, De Croo, de Croo, Vincent Van Quickenborne, Abdesalem Al Guilani, Philip Blenkinsop, Bart Meijer, Benoit van Overstraeten, Jan Strupczewski, Tassilo Hummel, Zhifan Liu, Ingrid Melander, Gerry Doyle, Christina Fincher, Nick Macfie Organizations: Police, REUTERS, Rights, Belgian, Islamic State, Red Devils soccer, Palestinian, Thomson Locations: Schaerbeek, Brussels, Belgium, Rights BRUSSELS, Belgian, Sweden, Israel

☆ A bigger war in Israel would send oil prices skyrocketing and hurt the economy's chances of avoiding a recession
▼ + stars: | 2023-10-16 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The impact on oil prices would be enormous with one prediction of $150 per barrel. A surge in oil prices could undo the fight against inflation and cause prices to soar again. International Monetary Fund managing director Kristalina Georgieva expressed concern on Thursday over how global oil markets would be impacted by the war. If that were to happen, they predict that oil prices would skyrocket more than 70% to $150 per barrel from just under $90 we have now. An estimated 20-30% of global oil supply passes through the Strait of Hormuz, which is controlled by Iran.

Persons: —, Kristalina Georgieva, Steven Mnuchin, That's, Mnuchin, Mustafa Hassona, there's, Jerome Powell, Liu Jie Organizations: Service, Hamas, Monetary Fund, Bloomberg Economics, Bloomberg, US, Fox Business, Anadolu Agency, Getty, Biden, US Strategic Petroleum Reserve, Strategic Petroleum Reserve Locations: Israel, Iran, Hormuz, Iraq, Kuwait, Abu Nasr, Gaza City, Ukraine, Washington ,, Xinhua

☆ AI models can analyze thousands of words at a time. A Google researcher has found a way to increase that by millions.
▼ + stars: | 2023-10-16 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

A recent research paper revealed a new way to help AI models ingest way more data. Soon, you'll be able to put millions of words into context windows of AI models, researchers say. Bigger AI models can handle more, but only up to about 75,000. Massive context windowsThis Ring Attention method means that we should be able to put millions of words into the context windows of AI models, not just tens of thousands. AdvertisementAdvertisementThis chart shows some of the results of tests from the "Ring Attention" AI research paper.

Persons: you'll, —, Matei Zaharia, Pieter Abbeel, Claude, That's, OpenAI's, Hao Liu, Liu Organizations: Service, Google, UC Berkeley, Databricks, Nvidia Locations: GPT

REUTERS/Wu Hong/Pool/File Photo Acquire Licensing RightsMOSCOW/BEIJING, Oct 16 (Reuters) - Russian President Vladimir Putin will travel to China this week to meet Xi Jinping, the Kremlin chief's first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting? Li was sanctioned by the U.S. in 2018 for an arms deal he secured with Russia in an earlier role. Xi also awarded Putin a friendship medal in 2018, saying that "Putin is my best close friend". Putin said in March that he had invited Xi to his private apartment in the Kremlin.

Persons: Xi Jinping, Vladimir Putin, Wu Hong, Li Shangfu, Li, General Liu Zhenli, Putin, Xi, Alexei Miller, Igor Sechin, Maxim Reshetnikov, Guy Faulconbridge, Alison Williams Organizations: Xiamen International Conference and Exhibition Center, REUTERS, Kremlin, Russia, People's Liberation Army, PLA, U.S . Department of Defence, China, United, Gazprom, Reuters, Thomson Locations: Russian, Xiamen, Fujian Province, China, MOSCOW, BEIJING, Soviet Union, U.S, Russia, Xiapu, Ukraine, United States, India, Moscow, Kremlin, Siberia, Mongolia, Asia, Germany

SHANGHAI (AP) — American Solheim Cup player Angel Yin defeated top-ranked Lilia Vu on the first playoff hole to win the LPGA Shanghai tournament on Sunday for her first tour win. Both Yin and Vu finished at 14-under 274 on the Qizhong Garden Golf Club course forcing a playoff, where Yin made a birdie at the par-4 18th after Vu had narrowly missed her 20-foot birdie putt. It was 25-year-old Yin's first victory in her 159th start and she shared a warm embrace with compatriot Vu on her breakthrough win. Vu shot a 4-under 68, with six birdies and two bogeys, and was the clubhouse leader at 14-under, until Yin birdied the par-5 17th and then made par on the final hole to force a playoff. Two-time defending champion Danielle Kang of the United States shot 71 to finish five strokes back in a tie for 17th at 9 under.

Persons: Angel Yin, Lilia Vu, Vu, Yin, compatriot Vu, “, ” Yin, It’s, Maja Stark, Yin birdied, ” Vu, Choi Hye, Ariya Jutanugarn, Yu Liu, Esther Henseleit, Danielle Kang, ___ Organizations: SHANGHAI, —, Solheim, LPGA Shanghai, United Locations: United States, China, Asia, South Korea, Malaysia, Japan

☆ Rite Aid files for bankruptcy
▼ + stars: | 2023-10-15 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

“It was always a matter of when, not if, Rite Aid would file for bankruptcy,” said Neil Saunders, managing director of GlobalData, in a note to investors. As part of the bankruptcy plan, Rite Aid appointed a new CEO, Jeff Stein, who will also serve as the head of restructuring and a board member. The government accused Rite Aid of missing “obvious red flags” when it filled the prescriptions for addictive pain killers. Rite Aid is a distant third-largest nationwide standalone pharmacy chain in the United States — and the seventh largest pharmacy overall, when taking into account big box chains. Ultimately, in 2017, the companies agreed to a smaller, $4.4 billion deal, in which Walgreens bought just under 2,000 Rite Aid locations, leaving Rite Aid diminished in stature and unable to compete at the scale of its bigger rivals.

Persons: —, ”, Neil Saunders, GlobalData, Jeff Stein, Stein, “, Aid’s, General Merrick Garland, — CNN’s Nathaniel Meyersohn, Juliana Liu Organizations: New, New York CNN — Rite, CVS, Walgreens, Walmart, Target, Costco, US Securities and Exchange Commission, ”, Aid, Rite Aid, Solutions, “, Justice, US Justice Department, US Centers for Disease Control, ., United States — Locations: New York, United States

☆ Esports made their 'tense and exciting' debut at this year's Asian Games
▼ + stars: | 2023-10-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

Esports, or professional video gaming, were an official sport at the Asian Games for the first time. AdvertisementAdvertisementEsports, or competitive video gaming, debuted as an official event at this year's Asian Games in Hangzhou, China that concluded earlier this month. Due to the event's popularity, esports tickets were sold on a lottery basis, with more than five million entering the ballot, according to Hangzhou Asian Games data. We're excited to see the landscape of esports events around the world expand," said John Robinson, president of US esport organization 100 Thieves. The Olympic Esports Series is "a global virtual and simulated sports competition created by the IOC, and in collaboration with International Federations and game publishers."

Persons: —, esports, Chris Liu, Liu, Esports, JADE GAO, John Robinson, Kim Gwanwoo, WANG ZHAO, Matt Woods, AFK, Grant Rousseau, " Rousseau Organizations: Asian Games, of, EA Sports FC Online, Singapore, Service, Professional, EA Sports FC, South Korea, Team Malaysia, China, Xinhua News Agency, South, Associated Press, Fighter, Getty, Olympic, IOC, International Federations, Guardian, Team Falcons Locations: Hangzhou, China, Thailand, Wuxi, esports, Asia, Pacific, US, South Korea, AFP, Los Angeles

☆ 68-year-old engineer spent 50 years at one company and 'always' told his bosses to 'leave me alone': 'Let me learn the job'
▼ + stars: | 2023-10-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Kip Turner, 68, joined AT&T shortly after high school and has been with the company his entire 50-year career. He's also taken on plenty of younger mentees along the way and thinks that, despite today's culture of job-hopping, even today's young grads could build their own 50-year career. 'I have always told my supervisors to leave me alone'Turner says he's never been "especially aggressive" about trying to get promoted. Courtesy of AT&TEven so, Turner applied to plenty of promotions and has been disappointed to not get them. Turner applied and secured the role.

Persons: Kip Turner, Kip Turner wasn't, what's, he's, Turner, He's, mentees, I've Organizations: AT, CNBC Locations: Faulkner County , Arkansas

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