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☆ Couple renovating their kitchen find treasure trove of 1,000 silver and gold coins from the 17th-century
▼ + stars: | 2024-04-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

A UK couple found a trove of 17th-century coins during a home renovation. The collection includes Elizabeth I silver shillings and Charles I gold coins. Robert and Betty Fooks were renovating their farmhouse in southern England when they found a valuable collection of 17th-century coins concealed beneath their kitchen. The collection, which includes Elizabeth I silver shillings, Charles I gold unite coins, James I silver sixpence coins, and more, has an estimated value of £35,000, or $43,600. A hoard of 264 coins English gold coins from 1610-1727 was unearthed by an unnamed couple digging up their kitchen floor.

Persons: Elizabeth, Charles I, —, Robert, Betty Fooks, they've, Dukes Auctioneers, James, Duke's Auctioneers, Judith, Holofernes, Caravaggio, Charles Platiau Organizations: Service, Guardian, British Museum, REUTERS Locations: England, West Dorset, people's, underfloors, Paris, France, Toulouse, Baltic, Italian, Italy

☆ Russia recruiting female convicts into the military report says, as the role of women in the Ukraine war expands
▼ + stars: | 2024-04-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Read previewRussia is recruiting female convicts to bolster its war effort in Ukraine, the Kyiv Post reported, citing a Ukrainian intelligence spokesperson. The role of women in the war has expanded rapidly since Russia's full-scale invasion of Ukraine in 2022. The practice of offering convicts freedom in exchange for military service in Ukraine began under Yevgeny Prigozhin, the late founder of the mercenary Wagner Group. Business Insider contacted the Russian Ministry of Defense for comment. Elena Tita/Global Images Ukraine via Getty ImagesUkrainian women have been joining the military in significant numbers since Russia's full-scale invasion in 2022.

Persons: —, Andriy Yusov, Yusov, Yevgeny Prigozhin, Wagner, Vladimir Osechkin, Dmitry Peskov, Vladimir Putin, Elena Tita Organizations: Service, Kyiv Post, Kyiv, Business, Newsweek, UK Ministry of Defence, Russian Ministry of Defense, Getty Images, Ukraine's Ministry of Defense, BBC, CNBC Locations: Russia, Ukraine, Kyiv, Ukrainian, Russian, Zaporizhzhia Oblast

☆ Marjorie Taylor Green mocked by fellow lawmaker calling on her to be appointed as 'Putin's Special Envoy'
▼ + stars: | 2024-04-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Jared Moskowitz mocked MTG, calling to make her "Putin's Special Envoy" to Congress. The move came in response to Greene's amendments that proposed Ukraine aid supporters enlist in the fight against Russia. AdvertisementJared Moskowitz, a Democrat representing Florida's 23rd congressional district, has openly mocked Marjorie Taylor Greene by saying he submitted an amendment appointing her as "Putin's Special Envoy to the United States Congress." Just submitted an amendment to Bill drafting appointing MTG as Putin’s Special Envoy to the United States Congress. https://t.co/Gn8Dd3lZwj — Jared Moskowitz (@JaredEMoskowitz) April 18, 2024Moskowitz submitted the proposal in response to Greene's amendments to the Ukraine aid bill.

Persons: Jared Moskowitz, MTG, Greene, —, Marjorie Taylor Greene, Moskowitz, kTtrCUcglS —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Russia, Service, United States Congress Locations: Ukraine, Florida's

☆ Trump's hush-money trial is set to heat up
▼ + stars: | 2024-04-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, we're looking at the first week of former President Donald Trump's criminal trial and what's at stake. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementFormer President Donald Trump's hush-money trial — the first-ever criminal trial of a former president — got underway this week with jury selection . We did get a preview of Trump's potential defense: " Some accountant " handled the paperwork he's on trial for, Trump told reporters. AdvertisementThe trial is focused on 34 felonies alleging the Trump Organization's business records were falsified to hide other crimes.

Persons: —, Donald Trump's, CHARLY TRIBALLEAU, Drew Angerer, Tyler Le, Trump, Stormy Daniels, Daniels, Zelei, Loretta Mester, John Williams, Rebecca Zisser, David Lieb, Sundar Pichai, Demis, Google's, BI's Ben Bergman, Eddie Mulholland, Alyssa Powell, Samsung execs, Taylor Swift's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Getty, Trump, Cleveland Fed, York Fed, …, Bank of America, Google, Android, Bankers, Jefferies, Investor Conference, Samsung, Korea Economic, Disney, Warner Bros, American Express, Procter, Gamble, Poets Department Locations: Israeli, Iran, Israel, Florida, Korea, New York, London

☆ Taylor Swift fans think 'ThanK you aIMee' on her new album is a thinly veiled Kim Kardashian diss track
▼ + stars: | 2024-04-19 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Fans think "ThanK you aIMee" on "The Tortured Poets Department" is a Kim Kardashian diss track. AdvertisementTaylor Swift's fans originally thought her latest album would mostly be about her ex-boyfriends, but the deluxe edition of "The Tortured Poets Department" appears to feature a thinly veiled diss track about Kim Kardashian. In "ThanK you aIMee," Swift never mentions Kardashian by name, but it's easy to see why fans are speculating. This appears to be the first time Swift has written about KardashianKim Kardashian and Taylor Swift have clashed over "Famous." I DID NOT HAVE TAYLOR SWIFT GAGGING KIM KARDASHIAN ON MY 2024 BINGO CARD OMFG?????

Persons: aIMee, Kim Kardashian, KIM, Swift, Kardashian, —, Taylor Swift's, kim kardashian, taylor, Taylor Swift, Mama Swift, Kim, XLcK1IyW22 — Rebecca Lewis, Qeq8dvh4ZK, Ron, Ye, Kanye, Larry Busacca, Kardashian Kim Kardashian, Christopher Polk, Kardashian didn't, Aimee, TAYLOR SWIFT GAGGING KIM KARDASHIAN Organizations: Department, Service, Getty, Entertainment, Variety, Twitter Locations: North West

US House Speaker Mike Johnson (R-LA) speaks during a news conference following the House Republican caucus meeting at the US Capitol in Washington, DC, on November 29, 2023. Speaker Mike Johnson, facing intense opposition from right-wing members, received crucial help from Democrats to move forward with the votes. Passing this legislation would send a powerful message about the strength of American leadership at a pivotal moment," the White House budget office said in a statement Friday endorsing the House package. But Johnson, who opposed Ukraine aid last year before he became speaker, now says he believes it is "critically important," based on the intelligence and briefings he has since gotten. Democrats praised the move to proceed to House votes, highlighting their party's key role.

Persons: Mike Johnson, Joe Biden, Thomas Massie, Chip Roy, Ralph Norman, Johnson, — Massie, Marjorie Taylor Greene, I'm, Vladimir Putin, Don Beyer, Grace Meng Organizations: Republican, The, Democratic, White House, Administration, Naval Academy, U.S, Democrats, couldn't Locations: Washington ,, Ukraine, Israel, U.S, China, Ky, Texas, Europe, American

☆ A lawyer, a banker and a speech therapist: Meet the 12 jury members of Trump’s hush money trial
▼ + stars: | 2024-04-18 | by ( Rebecca Shabad | ) www.cnbc.com time to read: +3 min

He is married, likes to do "anything outdoorsy," and gets news from The New York Times, Fox News and MSNBC. He gets news from The New York Times, The Wall Street Journal and Google. Juror 5A young woman who is a Harlem resident and works as a teacher. Juror 6A young woman who lives in Chelsea and works as a software engineer. Juror 10A man who works in commerce, reads The New York Times and listens to podcasts on behavioral psychology.

Persons: Donald Trump, Stormy Daniels, Donald, who's Organizations: U.S, Prosecutors, The New York Times, Fox News, MSNBC, Street, Google, Facebook, Wall Street Journal, New York Post, Washington, CNN, New York Times, NBC Locations: Manhattan, New York City, U.S, New York, West Harlem, Trump, Chelsea, Harlem

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. The painting followed me from Amherst to my first job in New York, and on to London and Delhi. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. I’m especially moved by those first moments of validation by which an artist comes out to himself, as it were. It’s this, the inexorability of the correspondence between an artist and the world, that gives those first steps their magical quality.

Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, ”, Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, “, ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, ’, ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, —, Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, ”, Google, Sunday Times, Somerset, Yugoslavia, The, “, . Locations: Delhi, ”, Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, “, East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. No one captured the massive cultural and economic disparities of my life in Delhi (and his in Lahore) like Toor. But quite unbeknown to me, Toor’s life in New York had opened up a new vein of material. Not everyone who sees a Michelangelo can go off and paint a Michelangelo.”THERE ARE SO many ways to begin.

Sophie Kinsella, the best-selling English author of the “Shopaholic” book series, revealed on social media on Wednesday that she had been undergoing treatment for an aggressive and often fatal form of brain cancer. Kinsella said that she had been diagnosed with glioblastoma in 2022, but waited to make the diagnosis public so her children could “ hear and process the news privately and adapt to our ‘new normal.’” She added that her condition was stable after a successful operation and ongoing chemotherapy and radiation at University College Hospital in London. Kinsella, whose real name is Madeleine Wickham, has written a string of hit novels, starting with “Confessions of a Shopaholic” in 2000, about a financial journalist in New York City with a serious shopping addiction. About a decade later, a movie starring Isla Fisher based on the original novel and a sequel was released. Since the smashing success of the first novel, nine sequels following the life of the protagonist Rebecca Bloomwood have been released, earning Kinsella, 54, a loyal following and a reigning position among authors of romantic comedy books.

Persons: Sophie Kinsella, Kinsella, glioblastoma, Madeleine Wickham, Isla Fisher, Rebecca Bloomwood Organizations: University College Hospital Locations: London, New York City

☆ Private equity finds its next bet: college admissions
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.

Persons: New York CNN — It’s, Janet Godwin, “, ” Goodwin, ”, we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, ”, CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, “, Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada

Learn moreThe new drama series Under the Bridge has finally arrived on streaming, and you can watch the first two episodes now. We'll show you everything you need to know about the series, from where to watch Under the Bridge to what time you can expect to see next week's episodes. She becomes invested in the missing-persons-turned-murder case, helmed by Cam Bentland (played by Killers of the Flower Moon star Lily Gladstone). ETWhere to watch Under the Bridge in the USUnder the Bridge premiered on Hulu in the US on April 17. In it, Riley Keough's character can be seen returning to her hometown amid an investigation helmed by Lily Gladstone's character.

Persons: Rebecca Godfrey, Reena, Godfrey, Daisy Jones, Riley Keough, Cam Bentland, Lily Gladstone, Archie Panjabi, Vritika Gupta, Chloe Guidry, John Gotti, VPNs, ExpressVPN, Riley Keough's, Lily Gladstone's Organizations: Business, Hulu, Seven, Disney Locations: Canada, Victoria, ExpressVPN, British Columbia

☆ Health VC firm SpringTide Ventures just closed its second $65 million fund. Here's what a startup needs to get its backing.
▼ + stars: | 2024-04-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewAustin Walters started SpringTide Ventures in 2018 to disrupt healthcare by democratizing access to health innovations. The firm just closed its second $65 million fund to make more of those bets. A tough fundraising environmentAfter closing on its first $20 million fund, which the firm began investing out of in 2019, SpringTide originally set a $100 million target in 2021 for its second fund, Walters said. SpringTide picks a different focus area each time — most recently, home health, where the firm has invested in companies like family primary care startup Nest Health. By solving significant problems with advanced technologies, these companies have natural competitive advantages that allow them to drive outsize returns for the firm, Walters said.

Persons: —, Austin Walters, Walters, Henry Ford, We're, SpringTide, Justin Hackworth Photgraphy SpringTide, OpenLoop, outsize, SpringTidew hasn't, " Walters Organizations: Service, SpringTide Ventures, Tiger Global, Sonic Healthcare, Business, Health, Ally Bank, Troomi Wireless Locations: Boston, San Francisco, Salt Lake City, New York

☆ 5 things that are hard to get even if you're pretty rich
▼ + stars: | 2024-04-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

AdvertisementWealth grants access to a lot, but even the wealthy can't just buy anything. AdvertisementHere are five things that are hard to do even if you're considered rich. The tournament is a favorite of the rich, and wealthy golf fanatics flock to Georgia during the first full week of April to attend. AdvertisementSecuring an apartment in this New York City co-op buildingThe River House sits along the East River of New York City. Its original location in New York City is one of the toughest reservations to secure.

Persons: —, Kevin C, Cox, Warren Buffett, Bill Gates, Stanley Druckenmiller, Atlantide Phototravel, Richard Nixon, Joan Crawford, Diane Keaton, Uma Thurman, Henry Kissinger, Birkin, Carl Juste, Rebecca Zisser, they're, It's, coowner Frank Pellegrino Jr, Delish, Pellegrino, Cartier Cheich, Arnold Jerocki, Cartier, Forbes, Gaston Rahier Organizations: Augusta National, Service, Augusta National Golf, Augusta National Golf Club, National Golf, Bloomberg, Deal, Miami Herald, Tribune, Getty, Business, Google, Town, New York Times, Cartier Locations: Georgia, New York City, Atlantide, East, there's, New York, Paris, Dakar

☆ Sarah J. Maas is the bestselling author of 2024 so far — and other romance and fantasy authors are right behind her
▼ + stars: | 2024-04-17 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewFour months into 2024, Sarah J. Maas is having quite the year. Circana, which tracks book sales, also reported that it's currently the bestselling novel of 2024. Weiss Eubanks/NBCUniversal via Getty ImagesForbes reported on Wednesday that Maas has sold 3.1 million copies of her books in 2024, making her the bestselling author of the year so far. Likewise, Forbes reported that Circana data shows nine of the 10 bestselling books sold in March fell into either the romance or fantasy genres. Publisher's Weekly reported sales of Maas' books increased 86% in the 2022 fiscal year — the same period TikTok experienced massive growth.

Persons: —, Sarah J, Maas, it's, Weiss Eubanks, Getty Images Forbes, Circana, Rebecca Yarros, Yarros, Carissa Broadbent, Jennifer L, Forbes, Bloomsbury TikTok Organizations: Service, Business, The New York Times, Publisher's, Bloomsbury, Getty Images, Wings, New York Times Locations: Tor

☆ Five things that are hard to get even if you're pretty rich
▼ + stars: | 2024-04-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

AdvertisementHere are five things that are hard to do even if you're considered rich. The tournament is a favorite of the rich, and wealthy golf fanatics flock to Georgia during the first full week of April to attend. AdvertisementSecuring an apartment in this New York City co-op buildingThe River House sits along the East River of New York City. The 26-floor Art Deco River House is considered one of the most exclusive places to live in New York City. Its original location in New York City is one of the toughest reservations to secure.

Persons: —, Kevin C, Cox, Warren Buffett, Bill Gates, Stanley Druckenmiller, Atlantide Phototravel, Richard Nixon, Joan Crawford, Diane Keaton, Uma Thurman, Henry Kissinger, Birkin, Carl Juste, Rebecca Zisser, It's, Rao's, Frank Pellegrino Jr, They're, Pellegrino, Cartier Cheich, Arnold Jerocki, Cartier, Gaston Rahier Organizations: Service, Business, Augusta National Golf, Augusta National Golf Club, National Golf, Bloomberg, Miami Herald, Tribune, Getty, Google, Town, New York Times, Forbes, Cartier Locations: Georgia, New York City, Atlantide, East, there's, New York, Paris, Dakar

☆ Biden wants to triple China tariffs on steel, aluminum imports
▼ + stars: | 2024-04-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania. Biden's demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration's recent warnings about China's trade practices are not empty threats. In an interview with CNBC's Sara Eisen, Yellen said that tariffs were not off the table if those overcapacity qualms went unaddressed. As China shrugs off the overcapacity concerns, the Biden administration is doubling down on what it perceives as the threat to global trade. "China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry," National Economic Council Director Lael Brainard said on a call with reporters on Tuesday.

Persons: Joe Biden, Xi Jinping, Janet Yellen, CNBC's Sara Eisen, Yellen, China shrugs, Biden, Lael Brainard Organizations: Economic Cooperation, U.S . Trade, United Steelworkers, Economic Locations: Asia, San Francisco, China, Pennsylvania, Pittsburgh

Berkowitz, 43, is the CEO and co-founder of Insomnia Cookies, a chain of late-night bakeries he started in 2002 as a college side hustle while attending the University of Pennsylvania. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz. His wife Rebecca — who's also responsible for the name "Insomnia Cookies," Berkowitz says — responded with some perspective and optimism. "When I talk about the brand and our journey, [I often say] that Insomnia Cookies is a perseverance story," says Berkowitz. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Seth Berkowitz, Berkowitz, Krispy Kreme, DON'T, Rebecca — who's, —, You've, he'd Organizations: University of Pennsylvania, CNBC, SEC Locations: —, Syracuse , New York, Champaign , Illinois

☆ A popular YouTuber's negative video of Humane's AI Pin raises questions about critical reviews in the age of innovation
▼ + stars: | 2024-04-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a critical tech review that caused a bit of a stir on social media . AdvertisementIn a 25-minute video , Brownlee details all the issues he encountered using the AI device. Earlier this year, a negative video of Fisker's Ocean SUV by Brownlee also made waves on social media . Mario Tama/Getty Images; Chelsea Jia Feng/BICritical reviews in the age of innovation raise some interesting questions. Last week's drop among tech stocks shouldn't scare away investors , according to Wedbush.

Persons: —, Michael Pollan, Roy Rochlin, Marques Brownlee, Brownlee, X, Mario Tama, Chelsea Jia Feng, It's, Insider's Peter Kafka, Peter, Katie Notopolous, Goldman, David Solomon, Kevin Winter, Eric Newcomer, Rebecca Zisser, Caitlin Clark, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, YouTube, Apple, Apple Vision, Humane, America, JPMorgan, National Bureau, Statistics, Amazon Prime, Street Journal, Justice Department, Ticketmaster, United Airlines, Bank of America, The Locations: San Francisco, New York, Tokyo, London, Dublin

☆ Here's the 13-slide pitch deck mental health startup Two Chairs used to raise a $72 million Series C for better patient-therapist matching
▼ + stars: | 2024-04-16 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

Two Chairs just grabbed $72 million of Series C equity and debt funding led by Amplo. Two Chairs was bringing in $68 million in recurring revenue in December, one source told BI. AdvertisementTalk therapy startup Two Chairs is the latest mental-health player to close on a fresh round of venture funding. The company just raised $72 million in Series C equity and debt funding, led by existing investor Amplo, and including Fifth Down Capital and other unnamed investors. The startup secured the debt funding from Bridge Bank.

Persons: Amplo, — Organizations: Service, Fifth Down Capital, Bridge Bank, San Francisco Bay Area, Business Locations: San Francisco Bay, Los Angeles, Seattle, Miami

☆ Sen. Tom Cotton encourages drivers to drag Gaza cease-fire protesters from blocked roads
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Senator Tom Cotton (R-AK) speaks during a Senate Intelligence Committee hearing on worldwide threats to American security, on Capitol Hill in Washington, U.S., March 11, 2024. Sen. Tom Cotton, R-Ark., on Tuesday doubled down on earlier comments encouraging people stuck in traffic caused by cease-fire protests to "take matters into their own hands" and forcibly remove the demonstrators from the roads. Cotton posted a video on X on Tuesday showing people dragging protesters off the roads by their legs and their jacket hoods, tossing them to the curb to let cars through. "How it should be done," the senator wrote in the post. On Monday, traffic came to an hourslong standstill on the Golden Gate Bridge in San Francisco and in major cities including Chicago, Seattle and New York as demonstrators planted themselves on the roads to draw attention to the war in Gaza.

Persons: Tom Cotton, Sen, Cotton, let's Organizations: Intelligence, Capitol, Fox Locations: Washington , U.S, San Francisco, Chicago, Seattle, New York, Gaza, Arkansas

☆ Republican House panel launches probe into Biden's FTC-DOJ task force on corporate pricing
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

"The timing of the Strike Force announcement, in an election year, raises the likelihood that political motivations rather than the interests of American consumers drove the action," House Oversight Committee Chair Rep. James Comer, R-Ky., said in the letter. The Strike Force is jointly led by the FTC and the Department of Justice, which have been at the front lines of the Biden administration's regulatory agenda over the past several years. Comer alleged in the letter that "this pattern" of blaming corporate-pricing practices for inflation "signals that the new FTC-DOJ Strike Force will be used as a political tool." But Biden's logic that companies are the ones responsible for high prices, not his economic agenda, could be taking hold with voters. A March survey found that respondents blamed recent price hikes on "large corporations taking advantage of inflation" more than Democratic policies.

Persons: Lina M, Khan, Bill Nelson, Joe Biden's, Lina Khan, Biden, James Comer, Jonathan Kanter, Comer, —, Biden's Organizations: Commerce, Science, NASA, Capitol, Republican, CNBC, Federal Trade, Strike Force, Force, U.S, FTC, Department of Justice, Biden, Kroger, Albertsons, DOJ Strike Force, Democratic Locations: Washington , U.S, Ky

☆ Second Republican backs effort to oust Speaker Mike Johnson from power
▼ + stars: | 2024-04-16 | by ( Scott Wong | Rebecca Kaplan | ) www.cnbc.com time to read: +6 min

"He should pre-announce his resignation (as Boehner did), so we can pick a new Speaker without ever being without a GOP speaker," Massie wrote on X , referring to former GOP Speaker John Boehner, who resigned in the middle of his term in 2015 while facing a similar conservative rebellion from Massie and others. WASHINGTON — A second House Republican said he will support an effort to oust Speaker Mike Johnson from power over his handling of foreign aid for Ukraine and other issues. Johnson told rank-and-file House Republicans in the room that he won't resign, Massie said, a point he reiterated to reporters. "I stand with the speaker," Trump told reporters when asked about Greene's efforts, adding that he gets along great with both Greene and Johnson. One moderate Republican facing a tough re-election bid this fall, Rep. Mike Lawler, R-N.Y., called Greene and Massie's efforts "idiotic."

Persons: Thomas Massie, Anthony Fauci, Tom Williams, Massie, Johnson, Boehner, John Boehner, Marjorie Taylor Greene, WASHINGTON —, Mike Johnson, Rosie, Greene, Republicans —, —, Kevin McCarthy, Jared Moskowitz, Ralph Norman, Matt Gaetz, Troy Nehls, Jim Jordan, MAGA, Donald Trump, Trump, Mike Lawler, Marc Molinaro, Molinaro, McCarthy, — Kyle Stewart, Syedah Asghar, Lori Rampani, Ryan Nobles, Sahil Kapur Organizations: Capitol Visitor Center, National Institute of Allergy, Inc, Getty, Triple, FISA, GOP, Republicans, Republican, U.S, Capitol, Caucus, MAGA Republicans, New York Republican Locations: Ky, Kentucky, Ukraine, WASHINGTON, DC, Washington , DC, Texas, Ohio, Mar, Israel, Taiwan, Mexico

☆ Healthcare Startup Valuations Are Coming Back to Earth — Except in AI
▼ + stars: | 2024-04-15 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

The frenzy has investors across industries rushing to get into AI deals, including in healthcare. AdvertisementStill, healthcare startups using AI have already raised hundreds of millions of dollars this year, especially to automate tedious administrative tasks for providers and health plans. Andrew Arruda, CEO of Flexpa FlexpaThe AI long-haulNot every startup needs to be an AI startup. AdvertisementPlus, healthcare companies that do want to use AI face higher stakes than other industries, contending with numerous privacy, regulatory, and safety issues, Kong noted. For example — if healthcare AI makes a mistake, could patient health be impacted?

Persons: —, Scott Barclay, Nina Achadijan, Shiv Rao Abridge, VCs, nabbed, CodaMetrix, Aike Ho, Christina Farr, Andrew Arruda, that'll, Flexpa, he's, Flexpa's, Kong, Todd Cozzens, it's Organizations: Service, Business, Insight Partners, ACME Capital, nab, Catalyst, HealthQuest, Transformation Locations: Tech, Kong

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