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☆ Booze sales fall back to earth — except for one retailer
▼ + stars: | 2024-11-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.

Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, ”, Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States

☆ The Rise of GodGPT: Religions Are Using Bots for Spiritual Formation
▼ + stars: | 2024-11-03 | by ( John Brandon | ) www.businessinsider.com time to read: +9 min

"Dealing with social anxiety can be challenging, but there are several approaches that might help," the bot responded. "Cathy represents our innovative approach to leveraging technology in support of spiritual exploration," says Rev. Lorenzo Lebrija, the founding director of TryTank and an Episcopal priest. But they've designed it to help spiritual seekers talk about subjects they feel "vulnerable or defensive" about. John Brandon is a journalist who has published over 15,000 articles on social media, technology, leadership, mentoring, and many other topics.

Persons: Cathy, It's, Lorenzo Lebrija, Lebrija, Andrew Doyle, Jesus, Chatbot Eli, Gita GPT, Father Justin, they've, Elon Musk, Joshua K, Smith, I'm Cathy, Sam Altman, Thomas Telving, Richard Zhang, I've, —, Rev, Doyle, Telving, John Brandon Organizations: TryTank Research, Episcopal, Episcopal Church, of, Gatorade, Google Locations: of Texas

☆ CNBC Daily Open: For Big Tech, beating earnings expectations is not enough
▼ + stars: | 2024-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 12-month inflation rate was 2.1%. The core inflation rate, which excludes food and energy prices, came in at 2.7%. Big Tech drags down marketsMajor U.S. indexes slumped on Thursday, weighed down heavily by losses in Big Tech shares.

Persons: Dow Jones, Europe's, Jesse Pound Organizations: CNBC, U.S . Commerce Department, Big Tech, U.S, Apple, Amazon, Boeing, Bank of America Locations: U.S, Cupertino

☆ DJT shares implode right before the election, losing Trump $2.4 billion in net worth
▼ + stars: | 2024-11-01 | by ( Matt Egan | David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump’s social media stock is plunging just ahead of the election, cutting deeply into his net worth. Truth Social owner Trump Media & Technology Group’s share price plunged another 9% on Friday after tumbling 12% Thursday and 22% Wednesday — Trump Media’s worst one-day loss since going public in March. Trump Media’s shares, which trade under the ticker “DJT,” have become a proxy for how traders think the presidential election will turn out. Trump Media did not release any major news that would explain the nosedive. The enormous gains boosted Trump Media’s value to $10.3 billion as of Tuesday’s close.

Persons: Donald Trump’s, —, Trump, Kamala Harris, ”, Steve Sosnick, ” Sosnick, George Kailas, he’s, ” Kailas, … Organizations: CNN, Truth Social, Trump Media & Technology, Trump, Trump Media’s, Interactive Brokers, Trump Media, ” Trump, Elon Musk, Similarweb, CBS, Paramount Global

☆ Two Washington Post writers who resigned over Bezos’ non-endorsement join The Atlantic
▼ + stars: | 2024-11-01 | by ( Brian Stelter | ) edition.cnn.com time to read: +3 min

New York CNN —Two veteran writers who resigned from The Washington Post over its non-endorsement decision are joining The Atlantic. Robert Kagan and Danielle Allen are coming aboard as contributing writers, The Atlantic’s editor-in-chief Jeffrey Goldberg said Friday. Kagan, a Post opinion editor-at-large and senior fellow at the Brookings Institution, resigned within minutes of learning the news. More than 250,000 Post customers cancelled their subscriptions in the wake of the non-endorsement, according to reporting by NPR and the Post. For The Atlantic, the Post imbroglio is also an opportunity to attract talent.

Persons: Robert Kagan, Danielle Allen, Jeffrey Goldberg, Jeff Bezos, Donald Trump, Bezos, board’s, Kamala Harris, Kagan, “ Bezos, ”, “, Goldberg, Harris, ” Goldberg, Allen, Trump, Barack Obama, ” Allen Organizations: New, New York CNN, The Washington Post, Atlantic, Post, Amazon, Brookings Institution, Trump, NPR, CNN, Harvard University, Washington Locations: New York

☆ CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
▼ + stars: | 2024-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big Tech drags down marketsMajor U.S. indexes slumped on Thursday, weighed down heavily by losses in Big Tech shares. While the company's cloud division missed revenue expectations, it's growing faster than it had in the same period last year. CNBC Pro checked in with Teng again to find out how his picks have performed, and if he has changed his mind on the stocks he's betting on.

Persons: Kevin Teng, Teng Organizations: CNBC, Big Tech, U.S, Japan's Nikkei, CSI, Apple, Amazon, P Global, PMI, Boeing, Wrise Private Singapore Locations: Asia, Pacific, Cupertino, China

☆ 25-year-old spent $300 on a sewing machine in high school—now her seven-figure denim brand is worn by Taylor Swift
▼ + stars: | 2024-11-01 | by ( Nicolas Vega | ) www.cnbc.com time to read: +7 min

Elena Bonvicini didn't set out to start a multimillion-dollar denim brand worn by the likes of Taylor Swift, Gigi Hadid and Kendall Jenner. Even charging her friends and classmates just $10 or $30 for a pair of jeans, Bonvicini turned a nice profit. Elena Bonvicini Founder, EB DenimAt college, Bonvicini worked diligently to expand EB Denim. This exposure also got EB Denim into high-end retailers like REVOLVE and Selfridges. By the time she was a junior, she says EB Denim was bringing in over $1 million in revenue and had a small handful of employees and interns.

Persons: Elena Bonvicini didn't, Taylor Swift, Gigi Hadid, Kendall Jenner, Bonvicini, Elena Bonvicini, EB, Chiara Ferragni, Danielle Bernstein, Kylie Jenner of, —, seamstresses, couldn't, Kylie Jenner, Hailey Bieber, Bella Hadid Organizations: CNBC, Denim, EB, Melrose Trading, Flea, USC Locations: Southern California, Wisconsin, influencers, Kylie Jenner of Italy

☆ Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
▼ + stars: | 2024-11-01 | by ( Shafi Musaddique | Kevin Lim | ) www.cnbc.com time to read: +1 min

The U.S. Federal Reserve's decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. David Sumual, chief economist of Bank Central Asia, said Indonesia is one such country that could take advantage of both short-term and long-term Fed policy. Higher rates in the U.S. have traditionally been a negative for emerging markets as U.S. investors typically send their dollars home in search of decent yields. But on the flipside, when U.S. rates ease, it can boost emerging markets who see renewed flows into their economies. Global commodities (a cornerstone of many emerging markets) also tend to rise in price as the U.S. dollar drops on a more dovish outlook by the Federal Reserve.

Persons: Saurabh Agarwal, Warburg Pincus, CNBC's, David Sumual Organizations: U.S, Federal, Warburg, Bank Central, CNBC, Federal Reserve Locations: Southeast Asia, Asia, Bank Central Asia, Indonesia, U.S

☆ What a Trump or Harris presidency would mean for your tax bill
▼ + stars: | 2024-10-31 | by ( Juliana Kaplan | Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Trump's plans could mean tax hikes for lower earners; Harris' proposals would target higher earners. This is the fourth in a five-part series about the impacts either a Trump or a Harris presidency could have on US consumers. Trump has proposed extending his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." But another part of Trump's tax policy — his plan to levy universal tariffs on all US imports — could end up undercutting this positive impact. AdvertisementTrump has floated lifting the $10,000 cap on the State and Local Tax deduction, known as SALT, from his 2017 tax bill.

Persons: Trump's, Harris, —, you'll, Trump, He's, Garrett Watson, Harris hasn't, she's, Benjamin Page, Biden, Walz, Ernie Tedeschi, Watson, Tedeschi Organizations: Service, Business, Trump, Social Security, Taxation, Economic, Tax Foundation, State and, Urban, Brookings Tax, Yale Budget Lab, White House Council, Economic Advisers, Finance Locations: California , New Jersey, New York, Congress

☆ Harris and Trump's closing arguments and ancient Mayan city discovered: Morning Rundown
▼ + stars: | 2024-10-30 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

And an ancient Mayan city is discovered beneath the jungle. At a rally yesterday in Allentown, Pennsylvania, a majority-Latino city, Trump called to the lectern Puerto Rico’s Republican shadow senator, who proclaimed, “The people of Puerto Rico trust you.”Read more about Trump’s closing arguments. But what does North Korea stand to gain? But actually, an intensified partnership between Russia and North Korea is a likely boon for Kim Jong Un’s nuclear ambitions. Read All About ItStaff Pick: A vast ancient city is found by accidentAerial lidar surveys reveal ancient settlements in the Campeche region of Mexico.

Persons: Kamala Harris, Donald Trump, Harris, Trump, “, Joe Biden, Tony Hinchcliffe, ” Biden, Biden, ”, Hurley, Bryan Birks, Jessica Hurley’s, ’, Becky Munge, Mikhail Metzel, Kim Jong, Luke Auld, Thomas, — Elizabeth Robinson, Elizabeth Robinson Organizations: Republican, Trump, Trump’s New, Trump’s New York City, Puerto, NBC, Medicaid, NBC News, Getty, Pentagon, Cambridge University Press, Tulane University Locations: Trump’s New York, Allentown , Pennsylvania, Puerto Rico, Springfield , Illinois, North Korea, AFP, Russia, Ukraine, “, Europe, Asia, Kursk, Korea, Campeche, Mexico, New Orleans

☆ CNBC Daily Open: Everyone gave Reddit an upvote
▼ + stars: | 2024-10-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. It's not too surprising, then, that the companies behind those services – Snap , Reddit and Alphabet – reported third-quarter results that beat Wall Street's expectations. It's Meta's and Microsoft's turn to report earnings later today. Note: CNBC Daily Open will be on a break Thursday, Oct. 31, for the public holiday in Singapore.

Persons: Rachel Reeves, Reddit, Evan Spiegel, That's, It's, Microsoft isn't, Meta, — CNBC's Julia Boorstin, Jonathan Vanian, Jennifer Elias Organizations: New York Stock Exchange, Inc, CNBC, Finance, Google, Microsoft, Meta Locations: Singapore

☆ CNBC Daily Open: Everyone loves Reddit
▼ + stars: | 2024-10-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jakub Porzycki | Nurphoto | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. It's not too surprising, then, that the companies behind those services – Snap , Reddit and Alphabet – reported third-quarter results that beat Wall Street's expectations. While Snap and Reddit didn't report their advertising top line specifically, there were indications both companies are also doing well in that area. Note: CNBC Daily Open will be on a break Thursday, Oct. 31, for the public holiday in Singapore.

Persons: Jakub Porzycki, Evan Spiegel, That's, Reddit, It's, Microsoft isn't, Meta, — CNBC's Julia Boorstin, Jonathan Vanian, Jennifer Elias Organizations: SNAP, Nurphoto, CNBC, Microsoft, Meta Locations: Singapore

☆ Jim Cramer says Reddit's surge is about 'raw user power,' calls it 'holy grail' for advertisers
▼ + stars: | 2024-10-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Reddit stock skyrocketed more than 40% higher on Wednesday — a stunning market reaction Jim Cramer suggested was warranted given the company's blowout third-quarter earnings results . Cramer touted the social platform for its growth prospects around ad revenues, calling it the "holy grail" for advertisers. "Reddit is a place where advertisers need to be," Steve Huffman, CEO and co-founder of Reddit, said on Tuesday's "Mad Money." Reddit also has a massive amount of user data that it can monetize to train artificial intelligence models. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free .

Persons: Jim Cramer, Reddit, Cramer, Steve Huffman, Cramer's, Jim Cramer's Organizations: Cramer's Charitable Trust, CNBC

☆ Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says
▼ + stars: | 2024-10-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy. The bank pointed to a 20-year stagnation of the industrial economy as production was sent offshore. AdvertisementThe US economy could unlock trillions in value over the next decade if more manufacturing activity comes back to the US, according to Morgan Stanley. The Biden administration, meanwhile, has poured billions into its push to increase chip production in the US and boost the manufacturing and industrial sectors. The cumulative effects could be "pretty profound" across the US economy, Snyder said, with the boost to industry and manufacturing bound to raise GDP.

Persons: Morgan Stanley, —, Chris Snyder, Snyder, Morgan Stanley's, Trump, Biden Organizations: Service, Biden, of Supply Management, Commerce Department, Economic

☆ CNBC Daily Open: Stocks are approaching the hottest period of the year
▼ + stars: | 2024-10-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Oil slump boosts marketsAll major U.S. indexes rose Monday on soft oil prices while investors awaited Big Tech earnings. Japan's Nikkei 225 extended gains to a second day, up 0.7% as the country's jobless rate for September dropped to 2.4% from 2.5% the previous month. [PRO] How to trade Japan's electionAfter Japan voted on Monday, the Nikkei 225 rose on the results.

Persons: Irene, Shigeru Ishiba Organizations: CNBC, Big Tech, Japan's Nikkei, Liberal Democratic Party, Nasdaq, CR Beverage, HSBC, Japan, Nikkei Locations: Lower Manhattan , New York, Asia, Pacific, Japan, U.S, Hong Kong, IPOs

☆ CNBC Daily Open: Stocks are entering the hottest period of the year
▼ + stars: | 2024-10-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Trump accuses Taiwan of stealing businessFormer U.S. President Donald Trump accused Taiwan of stealing the country's chip business, he said on "The Joe Rogan Experience" podcast. Bernstein analyst Stacy Rasgon told CNBC the idea of Taiwan stealing the U.S.'s chip industry is "ridiculous." [PRO] Tech might be in trouble, chart showsThe bursting of the 2000 dot-com bubble was one of the worst moments ever for tech stocks.

Persons: Thomas Schäfer, Trump, Donald Trump, Joe Rogan, Bernstein, Stacy Rasgon Organizations: CNBC, Big Tech, Philips, Volkswagen, U.S, New York Stock Exchange, bourse, Intercontinental Exchange, Tech, Wolfe Research Locations: New York City, China, Germany, Taiwan

☆ CNBC Daily Open: Nasdaq hits all-time high even amid poor earnings growth
▼ + stars: | 2024-10-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: 1 min

In this article TSLAKOMSFTAMZNMETA.DJI.SPX.IXIC.N225JPY=@LCO.1@CL.1 Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange (NYSE) on October 22, 2024 in New York City. Spencer Platt | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? What you need to know todayThe bottom line

Persons: Spencer Platt Organizations: New York Stock Exchange, Getty, CNBC Locations: New York City

☆ CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors
▼ + stars: | 2024-10-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe Nasdaq Composite managed to log a seventh consecutive winning week. Investors also looked ahead to Big Tech earnings coming out this week: shares of Meta , Amazon and Microsoft added as much as 1%. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations, disappointing investors.

Persons: Brendan McDermid, CNBC's Pia Singh, James Quincey, — CNBC's Brian Evans, Pia Singh, Alex Harring Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, Investors, Big Tech, Meta, Microsoft, Dow

☆ I tried Elon Musk's Starlink WiFi on its first Qatar Airways flight. Making video calls at 36,000 feet is a game changer for business and leisure.
▼ + stars: | 2024-10-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.

Persons: Elon Musk's, —, Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian

☆ Xi undercut the West by negotiating a truce in China's long feud with India
▼ + stars: | 2024-10-25 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +6 min

China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.

Persons: China's Xi Jinping, Narendra Modi, that's, —, Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan

☆ Big earnings disappointments spoiled the stock market party this week
▼ + stars: | 2024-10-25 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

A torrent of big-name earnings hit the stock market this week — and the majority did not live up to analysts' muted expectations. Of the S & P 500 companies that have reported so far, about 74% of companies have beaten earnings expectations . But their blended earnings growth rate, which includes the reports already out and estimates for those on the docket, is 3.4%, falling short of the 4.2% estimate. The growth rate of just the companies that have posted so far is 3.1%, according to FactSet. Tech stocks buoyed the market on Friday ahead of their looming earnings reports, lifting the Nasdaq Composite to a record high.

Persons: Philip Morris, ServiceNow, Phillip Colmar, Colmar Organizations: CNBC, MRB Partners, Tech, Nasdaq, Dow Jones Locations: Colmar

☆ CNBC Daily Open: In this time of uncertainty, logic is driving market moves
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Possible S&P 5% pullback Earlier this week, the S&P 500 fell for three consecutive days, the first time since early September. The influence of the meridian sunspot over the rising moon, for instance, could cast a shadow over the S&P and cause it to slip. The bad news is that markets might again be swayed more strongly by emotions – as the word "relief" suggests.

Persons: BTIG, Billy Zhang, John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: CNBC, Google, Microsoft, Wall, Nasdaq, Dow, Boeing, IBM, U.S

☆ CNBC Daily Open: In this time of uncertainty, markets seem to rely on logic
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.

Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China

☆ Exclusive: Maven Clinic is swapping out its finance chiefs as the women's health unicorn looks ahead to an IPO
▼ + stars: | 2024-10-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Maven's chief financial officer has left the women's health unicorn one year after taking the role. AdvertisementMaven Clinic is swapping out its chief financial officers on the heels of a fresh funding round as the women's health startup inches closer to an IPO. Related storiesAs the highest-valued women's health startup, Maven is expected to be a candidate for the next wave of digital health IPOs. The startup's hopeful future exit would be a boon for the women's health market, which remains a small fraction of all healthcare funding. Wrapbook raised a $20 million funding round in September at a valuation of $750 million.

Persons: Maven, —, Kristina Campbell, isn't, Campbell didn't, haven't, Campbell, Wrapbook Organizations: Service, StepStone Group, Business, Sequoia Capital, Catalyst, Lux Capital, Oak HC, SEC

☆ Republican EV attacks are flooding Michigan, putting Democrats on the defensive in a critical battleground
▼ + stars: | 2024-10-24 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

EV supporters point to dozens of new EV and battery plants announced in Michigan in the last two years. Political strategists told Business Insider that the anti-EV messaging was drowning out positive ones in Michigan, putting Democrats on the defensive in a critical battleground. "We've run some advertising trying to make the massive surge of new EV manufacturing at jobs in Michigan famous, because nobody knows about them," Murphy said. But that analysis didn't account for jobs created by new EV and battery manufacturing plants popping up across the country. Democrats are hitting back on Republicans' EV attacks, arguing that the US has to build its own domestic EV manufacturing base to compete with China.

Persons: —, Donald Trump, Mike Rogers, Kamala Harris, EVs, they've, Mike Murphy, Murphy, Biden, Murphy's, Rogers, Harris, Shawn Fain, Trump, Sen, JD Vance, Fain, POLITICO's, Elissa Slotkin Organizations: EV, Service, Michigan Republican, Senate, Trump, Republicans, Biden, Environmental Protection Agency, Washington Post, Policy Institute, United Auto Workers, E News, Republican National Committee, Democratic, Rogers Locations: Michigan, China, North Carolina, Georgia, Europe, South America

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