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Read previewUS government officials are skeptical Israel can actually achieve its goals and completely eliminate Hamas in Gaza. He argued that "we have to achieve victory and that means that we have to destroy all these battalions, which we will." The current US view of what victory looks like in this war appears different than that of Israel. "With the question of a strategic endgame, I don't think that's really a question about American influence," he said. "That's a question about Israel's strategy and what Israel chooses to do."
Persons: , Kurt Campbell, Phil McGraw, Phil, Benjamin Netanyahu, Netanyahu, hasn't, Joe Biden, Biden, Khan Younis, State Anthony Blinken, CBS's Margaret Brennan, Blinken, Jake Sullivan, Israel Organizations: Service, CNN, NATO Youth, Business, Israeli, Republican, State, National Locations: Israel, Gaza, Rafah, I'm
Corporate executives and board members have made several notable buys of their own stock in the opening days of May, including a big Wall Street name buying shares of Walt Disney . Director James Gorman bought 20,000 shares of the entertainment company for $2.1 million on May 8, according to securities filings and VerityData. Gorman's buy is something of an outlier among Disney executives this year, as two executive vice presidents have made small sales in 2024. Several other Macerich insiders have also bought shares in May. Pegram also bought shares in March.
Persons: Walt Disney, James Gorman, Gorman, Morgan Stanley, Gorman's, Ali John Mirshekari, Martha Sullivan's, Jackson Hsieh, Macerich, Michael Pegram's, Pegram, , Nick Wells Organizations: Walt, Disney, Sensata, MAC, Caesars Entertainment, Caesars Locations: America
The Biden administration has told Congress that it intends to move forward with a plan for the United States to sell more than $1 billion in new weapons to Israel, according to three congressional aides familiar with the deal. The notification of the sale, which would include new tactical vehicles and ammunition, comes as President Biden has withheld a shipment of bombs to Israel, hoping to prevent U.S.-made weapons from being used in a potential invasion of the southern Gaza city of Rafah. The potential arms transfer illustrated the narrow path the Biden administration is walking with Israel, trying to prevent an assault on Rafah and limit civilian casualties in Gaza but continuing to supply a longtime ally that the president has said has a right to defend itself. One congressional aide said Congress had been aware of the arms deal for months, and suggested that the administration had simply waited for a foreign aid package with more aid for Israel to pass before moving forward with the required congressional notification process. When asked about the package, which was reported earlier by The Wall Street Journal, the State Department referred to recent comments from Jake Sullivan, the White House national security adviser, citing a continued commitment to supply Israel with military assistance to defend itself from threats in the region.
Persons: Biden, Jake Sullivan Organizations: Wall Street Journal, State Department, White House Locations: United States, Israel, Gaza, Rafah
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Disruptor 50 Gecko Robotics disrupts the infrastructure industryHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEV market has 'significant competition' coming from China, says MP Materials CEO James LitinskyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: James Litinsky, Brian Sullivan, Organizations: CNBC Locations: China
Vance, another potential vice presidential pick, and Alabama Sen. Tommy Tuberville joined Trump in the courtroom on Monday. Both Vance and Tuberville spoke to reporters outside of the courthouse and attacked Cohen, trying to undermine his credibility during his first day of testimony. Florida Sen. Rick Scott joined Trump in court last week, and Texas Attorney General Ken Paxton made the trip the week before. In the weeks ahead, more of Trump’s allies are expected to join Trump in court, according to a Trump campaign official. Trump has pleaded not guilty to the 34 felony criminal charges of falsifying business records in the New York case.
Persons: Donald Trump’s, Mike Johnson, Trump, Michael Cohen, , Doug Burgum, Byron Donalds, Cory Mills, Vivek Ramaswamy, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, Tuberville, Cohen, ” Vance, , Nicole Malliotakis, Steve Marshall, Brenna Bird, Florida Sen, Rick Scott, Ken Paxton, Eric Trump, “ It’s, Mark Serrano, Judge Merchan, Donald Trump, ” Serrano, Stormy Daniels, CNN’s Manu Raju, Kristen Holmes Organizations: CNN, Republican, GOP, Trump, , North Dakota Gov, Florida Rep, Alabama, Tuberville , New York, Iowa, Texas Locations: Manhattan, Trump, ,, Florida, Ohio, Tuberville ,, Alabama, New York
CNN —Former President Donald Trump has praised South Dakota Gov. Kristi Noem, who was once seen as a potential running mate and is now facing backlash over revelations in her new book that she shot and killed her 14-month-old dog. “She’s a terrific person,” Trump said in an interview with radio hosts Clay Travis and Buck Sexton that aired Tuesday. CNN previously reported that Noem had already fallen off Trump’s vice presidential candidate shortlist long before the latest controversy began. Trump’s praise also comes amid escalating tensions between Noem and tribal leaders in South Dakota over her previous remarks about Native American communities.
Persons: Donald Trump, Kristi Noem, ” Trump, Clay Travis, Buck Sexton, , , there’s, ” Noem, Joe Biden’s, Noem, Kim Jong Un, Trump’s, James Singer, CNN’s Kit Maher, Kristen Holmes Organizations: CNN, South Dakota Gov, Cricket, White, North, Trump, Biden Locations: North Korean, Manhattan, South Dakota
OpenAI Co-Founder and Chief Scientist leaving company
  + stars: | 2024-05-14 | 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 EmailOpenAI Co-Founder and Chief Scientist leaving companyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC
A Missouri man who crashed a box truck carrying Nazi paraphernalia into White House security barriers last year agreed to plead guilty on Monday to damaging property. The man, Sai Varshith Kandula, faces up to 10 years in prison on the charge. Prosecutors say Mr. Kandula, who was 19 at the time of the incident, caused more than $4,300 in damage to National Park Service property. At about 9:30 p.m., he drove the truck into metal bollards near Lafayette Square, in front of the White House, sending nearby pedestrians running. Then he put the truck in reverse and slammed into the barriers a second time.
Persons: Sai Varshith, Kandula, , Louis Organizations: National Park Service, White, Washington Dulles International Airport Locations: Missouri, House, India, Nazi, St, Lafayette
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLast Call panel talks resurgence of meme stocks and return of 'Roaring Kitty'Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Kitty, Brian Sullivan, Organizations: CNBC
Mr. Biden and Mr. Blinken had warned for months that Congress’s delay in approving critically needed U.S. arms would leave Ukraine’s military vulnerable along an eastern battlefront that has been stalemated for months. The U.S. official declined to draw a direct connection between the delayed aid and Russia’s gains near the city of Kharkiv. Mr. Blinken plans to meet with Ukraine’s president, Volodymyr Zelensky, and other top officials. Mr. Blinken is the first senior Biden official to visit Ukraine since the passage of the congressional aid package. The White House national security adviser, Jake Sullivan, met with Mr. Zelensky in Kyiv in late March, before the aid passed.
Persons: Biden, Blinken, Volodymyr Zelensky, Blinken’s, Jake Sullivan, Zelensky, Sullivan Organizations: U.S, Biden, White House, The Financial Locations: Kharkiv, Ukraine, Russia, Kyiv,
If Israel were to proceed with a major ground operation into Rafah, it would be going against months of warnings from the US to forego a full-scale offensive into the densely populated city. Going “headlong into Rafah” could have dire consequences, Secretary of State Antony Blinken warned on Sunday. “They couldn’t launch an attack of that scale today.”“Their weapons production factories underground have been eliminated. However, the Biden administration has been ramping up the pressure on Israel to start focusing much more in earnest on post-war Gaza plans – so far, to little effect. Blinken publicly called on Israel to engage more seriously on developing a plan for post-war Gaza over the weekend.
Persons: CNN —, Biden, Joe Biden, CNN’s Erin Burnett, Jake Sullivan, Kurt Campbell, ” Campbell, Benjamin Netanyahu’s, , Antony Blinken, “ Israel’s, ” Blinken, Israel, Matt Miller, , Yahya Sinwar, Blinken, “ We’ve Organizations: CNN, Israel, White, State, NATO Youth Summit, Aspen Institute, Press, Hamas, CBS Locations: Rafah, Gaza, Israel
CNN —Cruise, General Motors’ autonomous driving technology subsidiary, will start taking its self-driving vehicles out on public roads again this week. The company had stopped testing last October following an incident in San Francisco in which a pedestrian was badly injured. Last October, a Cruise self-driving car, with no one inside, hit a pedestrian after the person had first been struck by another vehicle. After striking the pedestrian, the Cruise vehicle attempted to pull off to the side of the road to avoid causing an obstruction. About two days later, Cruise announced it was halting all operations nationwide while it investigated the incident and the company’s response to it.
Persons: CNN — Cruise, , Cruise, Quinn Emanuel Urquhart, Sullivan, ” Cruise, Organizations: CNN, Motors, Cruise, California Department of Motor Vehicles Locations: San Francisco, Phoenix , Arizona
"We're like the engine room of the company," Hassabis told CNBC, speaking about his newly integrated AI unit within Google. Last month, Alphabet CEO Sundar Pichai merged Hassabis' DeepMind with Google Brain, a separate AI team, and selected Hassabis to lead the group. DeepMind CEO Demis Hassabis at a 2017 event in China. During his career at DeepMind and then at Google, Hassabis dominated the field of AI. Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.
Persons: He's, Hassabis, Sundar Pichai, It's, Demis Hassabis, Geoffrey Hinton, Hinton, DeepMind, Elon Musk, OpenAI, Satya Nadella, Sam Altman, Justin Sullivan, Critics, they've, ChatGPT, AlphaFold, Eli Lilly Organizations: Google, CNBC, Microsoft, Elixir Studios, Hassabis, Washington Post, Employees, Novartis, TED Locations: China, DeepMind, San Francisco, ChatGPT, LLMs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEntrepreneur talks building $400 thousand wholesale cheesemonger businessHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC
Mercedes employee talks unionization efforts at Alabama plant
  + stars: | 2024-05-13 | 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 EmailMercedes employee talks unionization efforts at Alabama plantHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC Locations: Alabama
President Biden’s national security adviser said on Monday that while the United States was committed to Israel’s defense, Prime Minister Benjamin Netanyahu’s government had still failed to provide the White House with a plan for moving nearly a million Gazans safely out of Rafah before any invasion of the city. In a lengthy presentation to reporters, the adviser, Jake Sullivan, also said Israel had yet to “connect their military operations” to a political plan for the future governance of the Palestinian territory. Mr. Sullivan, who has been at the center of the administration’s response to the Oct. 7 terrorist attack on Israel and its aftermath, described in detail the administration’s objectives in intervening to achieve a cease-fire and a return of hostages, including Americans, still in the hands of Hamas. But beneath repeated expressions of support for Israel, he made clear Mr. Biden’s frustration in dealings with Mr. Netanyahu, after a series of heated conversations between the two men. Mr. Sullivan insisted that the only weapons Mr. Biden was withholding from the Israelis were 2,000-pound bombs, for fear that the U.S. munitions, which can level whole city blocks, would be employed by Israel in its effort to rout Hamas leaders from their tunnel network, deep under the city.
Persons: Biden’s, Benjamin Netanyahu’s, Jake Sullivan, Israel, Sullivan, Netanyahu, Biden Organizations: Israel Locations: United States, Rafah, Israel
CNN —Georgia’s parliament is set to pass a highly controversial so-called “foreign agents” bill that has triggered widespread protests across the former Soviet republic nestled in the Caucasus Mountains. Here’s what you need to know about the proposed law and the uproar it has caused. The bill would require organizations receiving more than 20% of their funding from abroad to register as “agents of foreign influence” or face crippling fines. About 50,000 protesters gathered in Tbilisi to protest the proposed legislation on Sunday. The proposed law is modeled after a similar one in Russia that the Kremlin has used to increasingly snuff out opposition and civil society.
Persons: CNN —, Salome Zourabichvili, Irakli Kobakhidze, Bidzina Ivanishvili, Vano Shlamov, Ivanishvili, they’ve, Georgia’s, Kobakhidze, Mirian, Jake Sullivan, , Dmitry Peskov, , Ursula von der Leyen, Anna Chernova Organizations: CNN, Getty, European, House, Washington, Georgian, EU, Locations: Soviet, Caucasus, Tbilisi, Here’s, Georgian, Georgia, AFP, Russia, Europe, Ukraine, Soviet Union, European Union, Georgia’s, Didn’t Georgia, Anadolu, backsliding, George, Brussels, “ Georgia
Blinken and Sullivan both said Biden made the determination because he didn’t want American weapons used in what he estimates would be a bloody, ill-advised operation. At the same time, they sought to rebut claims from Republicans and pro-Israel Democrats that Biden was leaving Israel to fend for itself. Despite American warnings dating back months about the wisdom of a ground invasion into Rafah, Israel appears poised to continue advancing on the city and has issued evacuation orders for some of the 1.4 million civilians estimated to be sheltering there. That is partly why Biden determined that American weapons should not be used in a Rafah offensive. We treat Israel, one of our closest allies and partners, just as we would treat any other country,” Blinken said on NBC.
Persons: Antony Blinken, Jake Sullivan, Joe Biden, Blinken, Sullivan, Biden, didn’t, Israel, ” Blinken, “ Israel’s, ” Sullivan, ” “, doesn’t, “ We’ve, we’ve, , Benjamin Netanyahu, , that’s Organizations: CNN, Top, White House, Israel Democrats, Hamas, CBS, Ministry, Health, Press, State Department, NBC, Israeli Locations: Rafah, Gaza, Israel
But a review of his activities over the trial’s first four weeks shows that he has done little campaign travel, and held few public campaign events, on days off from court. Trump held no public events on seven of the 12 court-free days. But he has let the majority of the 12 off days pass without doing any public campaign events. No public events; attended Republican National Committee fundraising luncheon at Mar-a-LagoMay 5: Day off court. No public events; attended dinner with NFT buyers at Mar-a-LagoMay 9: CourtMay 10: CourtMay 11: Day off court.
Persons: Donald Trump, , ” Trump, baselessly, Joe Biden, It’s, Trump, Andrzej Duda, New Jersey CNN’s Kate Sullivan Organizations: Washington CNN, Trump, Democratic, Republican National Committee, New, Trump Tower, Bedminster, Republican National, Mar, Miami Locations: Manhattan, Pennsylvania, Florida, North Carolina , Georgia, Ohio , New Hampshire, South Carolina, New York , New Jersey, Georgia, South Carolina , Ohio, New Hampshire, Ohio, Poland, New York City, Wisconsin, Michigan, North Carolina, New Jersey, Miami, Bedminster, New York
Inside Tesla's chaotic month of brutal layoffs
  + stars: | 2024-05-11 | by ( Grace Kay | ) www.businessinsider.com   time to read: +6 min
Several executives at the company have departed and Tesla workers say morale is flagging. AdvertisementTesla faces headwindsAhead of the layoffs, Tesla's delivery numbers slumped, falling below Wall Street's estimates. AdvertisementMore on the EV slowdown:The cuts commenceBefore Musk notified staff of the mass layoff, workers had been wary of impending cuts. Tesla workers hadn't seen such a deep cut since 2022 when Tesla slashed 10% of its salaried staff. In the weeks that followed, Musk cut Tesla's US advertising team and reportedly chose to slash Tesla's entire Supercharging team, as well as its vehicle programs and new product introduction team.
Persons: , Elon, Musk, Tesla, Elon Musk, Omar Marques, they'd, Tesla's, he'd, Justin Sullivan, Tom Zhu Organizations: Service, Business, Tesla, Musk, Bloomberg, Getty Locations: Tesla, Berlin, China —, Fremont, California, China
CNN —About 50,000 opponents of a “foreign agents” bill marched peacefully in heavy rain through the Georgian capital on Saturday, after the United States said the country had to choose between the “Kremlin-style” law and the people’s Euro-Atlantic aspirations. “Georgian parliamentarians face a critical choice – whether to support the Georgian people’s Euro-Atlantic aspirations or pass a Kremlin-style foreign agents’ law that runs counter to democratic values,” he said. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024. Georgian Dream says the bill will promote transparency and Georgian national sovereignty. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024.
Persons: , , Jake Sullivan, Irakli Gedenidze, Nino, Vladimir Putin’s, Reuters Bidzina, Sullivan Organizations: CNN, House, Georgian, European, Reuters, Union, Vladimir Putin’s Kremlin, European Union, EU, NATO Locations: States, backsliding, Georgia, European Union, Tbilisi , Georgia, , Russia, Europe, , Georgian, Tbilisi, United States
Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Activist Commentary: Elliott is a very successful and astute activist investor. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. At the same time, Sensata also noted that Elliott settled for a board seat for Phillip Eyler (president and CEO of Gentherm), effective on July 1. As Sensata sensors are used in both combustion and electric vehicles, the current trend to hybrid gives the company a sort of 2-for-1 demand for its products.
Persons: Elliott, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler, Russell, Sullivan, Eyler, Ken Squire Organizations: Sensata Technologies, Xirgo Technologies, SmartWitness Holdings, 13D Locations: COOs, Cote, Sensata
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCatch Hospitality Group Co-Founder Eugene Remm talks opening new location in MiamiHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Eugene Remm, Brian Sullivan, Organizations: CNBC Locations: Miami
In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.
Persons: , Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London
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