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Ford Motor Company has agreed to pay $165 million, the second-largest auto penalty ever issued by the National Highway Traffic Safety Administration, to settle charges it failed to comply with federal recall requirements. “The total civil penalty amount of $165 million is second only to the Takata airbag consent order in the agency’s 54-year history,” the NHTSA said in a statement. The Ford penalty stems from a multi-year investigation into the automaker's handling of defective rollover safety cameras on a number of its models, including its popular F-150 trucks and Explorer SUVs. In a statement, Ford said it disagreed with NHTSA's findings but that it was pleased to administratively settle the dispute with the regulator. Power's "initial quality" report earlier this year as a sign the company is making progress on addressing those issues.

Persons: Ford, Sophie Shulman, ” Ford, Jim Farley, Farley Organizations: Ford Motor Company, National, Traffic Safety Administration, NHTSA, Ford, Barclays Locations: J.D

☆ Why the threat of land degradation will shape international cooperation for decades to come
▼ + stars: | 2024-11-15 | by ( ) edition.cnn.com time to read: +5 min

Extraordinary circumstances have degraded 40% of global land iStockCertain places around the world are already experiencing this at an accelerated rate. And that’s just one state; at present rates, land degradation threatens half of the global GDP. The Economics of Land Degradation also estimated that each dollar invested into land restoration will return up to $30 in value. The threat of land degradation is a shared burden. And a decade after the Changwon Initiative was launched, it has successfully defined Land Degradation Neutrality, enabling 129 countries to align with its principles and work towards zero land degradation.

Persons: COP16 Organizations: United Nations Convention, UN, Changwon Initiative Locations: COP16, Riyadh, Saudi Arabia, Egypt, California, United States, Saharan Africa, Canada, Spain, United Kingdom, Sahel, Africa

☆ Maori protesters march on New Zealand capital over contentious bill
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Several rallies against the Treaty Principles Bill are being staged in towns across the country as a nine-day march, or hikoi, moves to Wellington. An estimated 10,000 people marched through Rotorua, about 280 miles north of Wellington, New Zealand police said in a statement. The ACT New Zealand party, a junior partner in the governing center-right coalition government, last week unveiled the bill, which it had promised during last year’s election. Coalition partners the National Party and New Zealand First are only supporting the legislation through the first of three readings. Prime Minister Christopher Luxon reaffirmed on Thursday that his National Party would not support the bill’s progress beyond the first reading.

Persons: Hana, Rawhiti, Clarke, Christopher Luxon Organizations: British Crown, ACT New Zealand, Coalition, National Party, New Locations: New, Wellington, Rotorua, Wellington , New Zealand, Waitangi, New Zealand

☆ Inside the Quest to Make Fusion Energy a Reality
▼ + stars: | 2024-11-15 | by ( Raymond Zhong | ) www.nytimes.com time to read: +15 min

The Quest to Build a Star on Earth Start-ups say we’re closer than ever to near-limitless, zero-carbon energy from fusion. Today’s fusion start-ups aren’t just preparing for this moment in the lab. Such advances helped the Lawrence Livermore National Laboratory produce more fusion energy than the energy in the incoming laser beams, for the briefest of moments, in 2022. They also helped European researchers generate record amounts of fusion energy at a facility in Britain last year. What worries researchers is how much some fusion start-ups are promising, and how soon.

Persons: General Atomics, Lawrence, —, Charles Darwin’s, Lord Kelvin, Darwin, Arthur Eddington, Nicolas Tucat, Bill Gates, Jeff Bezos, Vinod Khosla, Sam Altman, Kitty, presale, Gerald Navratil, Navratil, “, it’s, ”, Robert Goldston, you’ve, David James Bartho, Simon Simard, Tony Stark, Robert Downey Jr, Stark, Bob Mumgaard, Mumgaard, Brandon Sorbom, Sorbom, “ We’re, Dr, Earl Marmar, Thea Energy, Salvador Dalí, Cary Forest, Grant Hindsley, Richard Magee, “ It’s, Jean Paul Allain, there’s, Steven Cowley, Cowley, ” David Gates, you’d, Gates, ” Thea, Thea, Eos Organizations: Nuclear Fusion Facility, Lawrence Livermore National Laboratory, Agence France, Princeton University, University of Sydney, Underwood Archives, Getty, Fairfax Media, Commonwealth Fusion Systems, SPARC, The New York Times, ARC, Commonwealth, The New York, Dawn Princeton Plasma Physics, tokamaks, That’s, Massachusetts Institute of Technology, Energy, Thea, Zap Energy, Helion, Microsoft, General Fusion, West, Technologies, Department of, Princeton Plasma Physics Locations: France, Columbia, Princeton, Harwell , England, Britain, Massachusetts, Russian, Commonwealth, Seattle, Vancouver, Southern California

☆ Jake Paul faces Mike Tyson in boxing event unlike any other
▼ + stars: | 2024-11-15 | by ( Jonny Velasquez | ) edition.cnn.com time to read: +9 min

On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.

Persons: CNN —, Jake Paul, Paul, Mike Tyson, “, ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, ”, they’re, Logan ., ‘, Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, “, MMA Locations: Arlington , Texas, British, Puerto Rican

☆ Trump's plan to build more homes on federal land could push prices higher, UBS says
▼ + stars: | 2024-11-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

Trump's plan to transform federal land into housing will be costly, given minimal existing infrastructure, UBS says. Those policies, plus a set of potentially inflationary proposals, could drive up both home prices and mortgage rates, they say. Trump's plan to transform federal land into more housing seems particularly challenged, the analysts say. The higher rates will likely continue the housing lock-in effect, where existing homeowners prefer to remain locked in at their current lower rates. In prepared remarks on Thursday, Fed Chair Jerome Powell said the US is in no hurry to cut rates, signaling that mortgage rates could stay higher for longer.

Persons: —, Donald Trump's, homeownership, Trump, JD Vance, Vance, homebuyers, Jerome Powell Organizations: UBS, Service, Builders

☆ Pete Hegseth: Trump’s Pentagon pick aims for clash with top military leadership
▼ + stars: | 2024-11-14 | by ( Jeremy Herb | Haley Britzky | ) edition.cnn.com time to read: +13 min

A Princeton and Harvard grad, Hegseth was CEO of the conservative veteran’s advocacy organization, Concerned Veterans for America, beginning in 2006. He has 20 years’ experience in the military, having served in the Army National Guard as an infantry officer from 2002 to 2021 and leaving service as a major, according to military service records. He also worked as a guard at the US military base at Guantanamo Bay, Cuba, from June 2004 to April 2005. Hegseth has been awarded two Bronze Stars from his combat service. In one June interview on Fox, Hegseth bemoaned the state of the US military’s procurement system and the threat posed by China’s growing military.

Persons: Donald Trump’s, Pete Hegseth, Hegseth, CQ Brown, —, “ Fox, ”, Trump, ” John Noonan, ‘ You’ve, Hugh Hewitt, “, they’re, Shawn Ryan, you’ve, ” Hegseth, Brown, Staff —, shouldn’t, Obama, Ben Shapiro, America Allison Jaslow —, who’ve, ” Jaslow, –, Biden, neocon, Hegseth –, neocon ”, he’s, ’, they’ve, Vladimir Putin’s “, Ryan, King, warcrimes, Matthew Golsteyn, Clint Lorance –, Eddie Gallagher, Mark Esper, Gallagher, Golsteyn, Lorance, Jaslow, Tim Parlatore, “ Everyone’s, ” CNN’s Oren Liebermann Organizations: CNN, Fox News, Joint Chiefs, Army National Guard, Star, Pentagon, Trump, Princeton, Harvard grad, Veterans, Republican, Defense Department, Armed, Navy, of Defense, Staff, Air Force, Army Ranger School, Army Special Forces, Naval, Warfare Command, Afghanistan Veterans, Ranger School, Defense, Iraq, Fox, United, “ Fox, ”, warcrimes CNN, United States Senate Locations: China, Ukraine, America, Iraq, Afghanistan, Guantanamo Bay, Cuba, Washington, United States, Washington ,, Trump, Europe, Poland

☆ My medical condition makes it risky for me to work in an office. For now, I'm freelancing from home.
▼ + stars: | 2024-11-14 | by ( Amanda Krebs | ) www.businessinsider.com time to read: +5 min

I have rheumatoid arthritis, which means my immune system attacks my joints. My condition means my immune system attacks my joints, which results in debilitating pain throughout my body if left untreated. To treat it, I have to suppress my immune system with medication, which I need just to physically get out of bed in the morning. AdvertisementI'm more vulnerable to catching upper respiratory illnessesBecause my immune system is suppressed, it means I'm more vulnerable to catching any bug that's going around. Related storiesIt's been almost six years since my last upper respiratory infection, but I still can't breathe as well as I used to.

Persons: —, I've Organizations: Service

☆ The Onion has won the bid for Infowars’ assets
▼ + stars: | 2024-11-14 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

CNN —Satirical news site The Onion won the auction to acquire conspiracy theorist Alex Jones’ Infowars, which was sold off as part of a defamation settlement after he falsely called the Sandy Hook Elementary School massacre a hoax. The Onion’s bid was backed by the families of eight victims of school shooting and one first responder. Jones was previously ordered to pay $1.5 billion to families of the Sandy Hook shooting victims. Jones had used Infowars to spread some of the most disturbing and disgusting lies and conspiracy theories into the public discourse. Though Collins declined to detail the bid amount, he said it was the highest and that the funding came from The Onion itself.

Persons: Alex Jones ’, Jones, Sandy Hook, he’s, motorhome, ”, Ben Collins, ” Alex Jones, David J, Phillip, Collins, “ We’re, Chris Mattei, Alex Jones, Robbie Parker, Emilie, Infowars, Jones ’, Oliver Darcy Organizations: CNN, Elementary, Gun Safety Locations: Sandy, Houston, harm’s

☆ High rates of preterm birth and infant deaths get the US another D+ grade: ‘It’s a travesty’
▼ + stars: | 2024-11-14 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +14 min

Then, less than six hours after giving birth, O’Neil was wheeled through the labor and delivery unit to go home. Racial disparities persist, she added; for Black people, the preterm birth rate is 1.5 times higher than the rate among all other babies. Many of the regions with high preterm birth rates are maternity care deserts, Williams said. The US cities with high preterm birth rates also are “areas where there are many chronic conditions and patients living with a greater number of things like hypertension, diabetes, obesity – those are all drivers of preterm birth as well,” Williams said. “Every pregnant woman who lives in a maternal health care desert should be provided with access to a health care app that is monitored by remote providers.

Persons: CNN —, –, Ashley O’Neil, O’Neil, Jorge, “, ‘, Vinson, ” O’Neil, ”, Amanda Williams, Williams, ” Williams, Gilbert, ‘ We’re, Lori Tremmel Freeman, prematurity, We’re, ” Freeman, Amanda Shafton, ” Shafton, Telehealth, ’ O’Neil, Kolin, Ashley ONeil, I’ll, ’ ” Kolin, don’t, O’Neil’s, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Dimes, United, Detroit, Cleveland, Affordable, Medicaid, National Association of County, City Health, Hospitalist, “, OB, CNN Health Locations: Maryland, ”, United States, Mobile , Alabama, Ramapo , New York, Irvine , California, Gilbert , Arizona, NICU, Kolin

☆ New Zealand MPs disrupt parliament with haka to protest Indigenous treaty bill
▼ + stars: | 2024-11-14 | by ( ) edition.cnn.com time to read: +2 min

REUTERS —New Zealand’s parliament was briefly suspended on Thursday after Maori members staged a haka to disrupt the vote on a contentious bill that would reinterpret a 184-year-old treaty between the British and Indigenous Maori. Rulings by the courts and a separate Maori tribunal have progressively expanded Maori rights and privileges over the decades. Parliament was briefly suspended as people in the gallery joined in, and shouting drowned out others in the chamber. ACT New Zealand leader David Seymour said people who oppose the bill want to “stir up” fear and division. New Zealand's parliament was briefly suspended on Thursday after Maori members staged a haka to disrupt the vote on a contentious bill that would reinterpret a 184-year-old treaty between the British and Indigenous Maori.

Persons: Te, David Seymour Organizations: REUTERS, British Crown, ACT New Zealand, New Zealand’s rugby, Parliament, New, Coalition, National Party Locations: Waitangi, New Zealand, New, Wellington

☆ Elon Musk's 'gamification' of government spending taps into our natural competitive instinct
▼ + stars: | 2024-11-14 | by ( ) www.businessinsider.com time to read: +9 min

AdvertisementIt was perhaps inevitable that Elon Musk — a tech titan and a prolific gamer — would try to turn government spending into a game. It's a natural move for Musk, who came up in the tech world in the early 2000s, as "gamification" took hold. "That's that kind of logic that you end up having if you're not really cautious about how it's designed." AdvertisementFor the government, that might hinge on what counts as waste and whether Musk's leaderboard can get people to agree. Otherwise, Hon said gamification might have short-term benefits but backfire in the long term as important, less-tangible factors are crowded out by overemphasizing one metric.

Persons: Elon Musk, —, Elon, Musk, Jane McGonigal, McGonigal, Adrian Hon, You've, Richard Landers, it's, you've, Landers, Natalia Mehlman Petrzela, " Landers, Jill, It's, Petrzela, Musk's, gamification, he's Organizations: Service, Government Efficiency, University of Minnesota, SXSW, Netflix, Nike, New School Locations: gamification

☆ Investors are pumping money into the Trump trade. Here's how it did last time
▼ + stars: | 2024-11-13 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Wall Street has been pumping money into the Trump trade, but investors should be wary before committing capital based on campaign promises, if history is any indication. From Election Day 2016 through year-end, the asset class outperformed the S & P 500 by 8% on a relative basis. In fact, from Election Day 2016 through Election Day 2020, smallcaps tumbled more than 22%. Expand the timeline to one year out from Election Day, and the ETF underperformed the broader index by 11%. Energy Energy stocks are expected to get a huge boost from Trump, who made energy a focus of his presidential campaign , and promised to "drill, baby, drill."

Persons: Trump, Donald Trump's, elect's, Russell, Biden, Wells, Austin Pickle, —, smallcaps, that's, Fred Imbert Organizations: Bank, Regional Banking, Wells, Investment Institute, Trump, Wells Fargo Investment Institute, Dow Jones, . Energy Energy, Energy Locations: Wells Fargo, that's year's

☆ Trump's Pentagon pick criticized US involvement in Ukraine, said Putin probably wouldn't go 'much further' if he wins
▼ + stars: | 2024-11-13 | by ( Thibault Spirlet | Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump has chosen Pete Hegseth as his defense secretary at a key point in the war in Ukraine. The military veteran and Fox News commentator has mostly aligned with Trump on Ukraine. The choice of Hegseth raised questions about the US approach to the war in Ukraine under a second Trump administration. In an episode of the "Shawn Ryan Show" podcast last week, recorded before Trump's announcement, Hegseth contemplated a scenario where Putin wins in Ukraine. Vance has previously criticized US support for Ukraine, and said: "I don't really care what happens to Ukraine one way or another."

Persons: Donald Trump, Pete Hegseth, Trump, Shawn Ryan, Hegseth, Putin, Joe Biden's, Lloyd Austin, Ukraine Hegseth, Jesse Watters, Joe Biden, NATO Hegseth, Michael Waltz, JD Vance, Marco Rubio, Vance, Alexander Libman, Libman, Anton Barbashin Organizations: Fox, Trump, Fox News, Putin, NATO, Kyiv, Reuters, State, Ukraine, Free University of Berlin, Riddle Russia Locations: Ukraine, Europe, Poland, Afghanistan, Iraq, Hegseth, Ukrainian, Donetsk, Luhansk, Soviet Union, Eastern Europe

☆ I Was Laid Off From Amazon, Rehired, and Quit 3 Months Later
▼ + stars: | 2024-11-12 | by ( Stephanie Ramos | ) www.businessinsider.com time to read: +8 min

AdvertisementA year later, I got the opportunity to return to Amazon as a boomerang employee. I'd always been told that a value at Amazon was to treat "the candidate as a customer," but didn't experience that. Related storiesRTO implementation was inconsistentA few weeks later, in May 2024, I accepted a different offer from Amazon for a Nashville-based role on another team I'd applied for. My layoff should've been the writing on the wall — this place has changed — but I clung to the idea of the Amazon I'd once respected, not wanting to recognize what it had become. The Amazon I joined in 2016 thrummed a "fail fast and often" mentality, encouraging risk-taking that led to delightful innovations.

Persons: I'd, —, he'd, should've, Andy Jassy, Margaret Callahan, Stephanie Ramos, Jane Zhang Organizations: Amazon, Nashville, LinkedIn's, Companies, Technology Locations: Nashville, Atlanta

☆ I helped Tom Cruise and other celebrities divorce, but I've been happily married for 38 years. I've learned that dates — and postnups — can be key to marital bliss.
▼ + stars: | 2024-11-12 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In the 1980s, you still needed grounds for divorce, and hearing about the details of a marriage breakdown felt sexy and salacious. I've helped celebrities like Tom Cruise, Michael Douglas, and Wendy Williams get divorced and worked with billionaires whose divorces were in the headlines. My personal life seems like an oxymoron: I've been happily married to my husband, Piero, for 38 years. From building a life with Piero to helping clients divorce, I've seen marriage at its best and worst.

Persons: Marilyn Chinitz, She's, —, Blank, I've, Tom Cruise, Michael Douglas, Wendy Williams, Piero, you'll, fiancé, wouldn't, Postnups Organizations: Service Locations: London, Stockholm

☆ Russia's inflation is so bad that potatoes cost 64% more than they did at the start of the year
▼ + stars: | 2024-11-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russia's economy faces stress as high interest rates fail to control inflation. Business leaders criticize high rates, warning of potential bankruptcies and an economic slowdown. The data from Rosstat, Russia's federal statistics service, show that food prices have generally risen across the board this year. To tame prices, Russia's central bank has hiked its key interest rate to a record high of 21% last month. High interest rates are irritating business leaders, who are more loudly critiquing the central bank's policies.

Persons: —, It's, Vladimir Putin, Sergei Chemezov, Chemezov Organizations: Business, Service, MMI Locations: Ukraine, Rosstat, Russian, Russia

☆ This Australian quit her job at 24 and started a business out of her parents' garage—now, it brings in over $100 million a year
▼ + stars: | 2024-11-12 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +9 min

Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.

Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney

☆ This open enrollment mistake can cost you and your family thousands, according to a doctor and CFP
▼ + stars: | 2024-11-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Take workplace life insurance policies, which you can often opt into during open enrollment by simply checking a box. "The biggest mistake I see during open enrollment is people not listing beneficiaries or listing minors as beneficiaries on their workplace life insurance," she says. Be smart about beneficiariesIt's easy to gloss over the life insurance portion of the open enrollment. In the event of your death, the payout on your policy — often the equivalent of about a year's salary — will go to whomever you choose during open enrollment. Her advice to parents of small children: Name your spouse as a primary beneficiary and secondarily leave the money to a trust you have set up for your children.

Persons: Carolyn McClanahan Organizations: Planning

☆ Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation
▼ + stars: | 2024-11-11 | by ( Associated Press | ) edition.cnn.com time to read: +1 min

CNN —The U.S. government’s highway safety agency is investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles. The agency says in documents posted on its website Monday that connecting rod bearings on vehicles with 3.5-liter V6 engines can fail, leading to complete engine failure. Honda recalled about 250,000 vehicles in November of 2023 to fix the same problem. The agency said it’s opening a recall query to determine the severity of the problem in vehicles not included in the 2023 recall. In documents explaining the 2023 recall, the automaker said had 1,450 warranty claims due to the bearing problem but no reports of injuries.

Persons: Honda Organizations: CNN, Honda, Acura, National, Traffic, Administration, NHTSA

☆ White House races to dole out funding from key legislation before Trump takes office
▼ + stars: | 2024-11-11 | by ( Arlette Saenz | ) edition.cnn.com time to read: +8 min

CNN —The White House is racing to dole out remaining funds appropriated from key legislation President Joe Biden signed before President-elect Donald Trump takes office in 10 weeks. The implementation efforts reflect one slice of how the Biden administration is working to shore up key initiatives as the second Trump presidency approaches. Speaking to reporters on Monday, the first official day at COP29, Podesta said the Biden administration is “fully committed” to obligating outstanding funding under Biden’s climate law, the Inflation Reduction Act. About $103 billion in Inflation Reduction Act funding, which makes up 92% of the law’s total, has been announced as of late October. While Trump has criticized the CHIPS legislation as “so bad,” it has enjoyed bipartisan support because the plans could create jobs and infuse money into local communities.

Persons: Joe Biden, Donald Trump, Biden, Trump, ramping, White, Natalie Quillian, “, ”, ” Quillian, John Podesta, Podesta, it’s, ” “, Andrew Harnik, Mike Johnson, he’d, Betsy Klein, Ella Nilsen Organizations: CNN, Commerce Department, Law, White House, White, UN, Act, House Republicans, American, Congress, Trump, Semiconductor, The Commerce Department, Polar Semiconductor, Intel, Micron Technology, Samsung, Taiwan Semiconductor Manufacturing Company, Commerce, Louisiana Republican Locations: Ukraine, America, Baku, Azerbaijan, COP29, ”, Washington , DC, New York, Corning, Pennsylvania, Minnesota, Louisiana

☆ Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry
▼ + stars: | 2024-11-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."

Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, —, Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States

☆ Hackers are stealing tickets from Ticketmaster customers' accounts. For many, the troubled platform is their only option.
▼ + stars: | 2024-11-09 | by ( Dan Latu | Palmer Haasch | ) www.businessinsider.com time to read: +9 min

It was a reminder for an Usher concert in Dallas on October 5, synced with her Ticketmaster account. Live Nation, worth about $28 billion as of November 8, has a tight grip on the live-entertainment industry. The Live Nation executive recommended Ticketmaster account holders have a unique password not used for any other platforms. AdvertisementShe figured she would have to rebuy tickets, she added, so was surprised and pleased when Ticketmaster reinstated the tickets. People protesting outside the US Capitol the morning of a Senate Judiciary Committee hearing about the merger of Ticketmaster and Live Nation in 2023.

Persons: concertgoers, —, Jasmine McKenzie, McKenzie, who's, Taylor Swift, Mika City, Don Toliver's, Floyd George, Floyd George ", City, Usher, didn't, hadn't, it's, Swift, Drew Angerer Organizations: Ticketmaster, BI, Service, Justice Department, DOJ, Live, Business, CBS News, Better Business Bureau, BBB, Capitol, Oasis, City Locations: Vashti, Dallas, Los Angeles, Nashville, Charlotte, North Carolina, Grand Prairie , Texas, Houston, North America, United Kingdom

☆ Trump still hasn’t signed ethics agreement required for presidential transition
▼ + stars: | 2024-11-09 | by ( Betsy Klein | Alayna Treene | ) edition.cnn.com time to read: +6 min

As president, Trump repeatedly came under fire from ethics groups for potential conflicts of interest relating to his businesses and brands. A source familiar with the process acknowledged that details are still being worked out with the Biden administration regarding the ethics agreement, which is required by law under the Presidential Transition Act and which applies to all members of the transition team. Updates to that bill requiring the ethics pledge were introduced by Trump ally Sen. Ron Johnson, a Wisconsin Republican, and signed into law by Trump himself in March 2020. The Trump team ignored a pair of key preelection deadlines to unlock transition activities with the Biden administration’s General Services Administration and the White House. The ethics agreement was also due by October 1.

Persons: Donald Trump, Biden, Trump, Trump’s, Sen, Ron Johnson, Valerie Smith Boyd, Boyd, Max Stier, Joe Biden’s, Stier, ” Stier, ”, Jeff Zients, Howard Lutnick, Linda McMahon, Jamie Raskin, ” Raskin, George W, Al Gore’s, CNN’s Arlette Saenz, Fredreka Schouten Organizations: CNN, Trump, Wisconsin Republican, Truth, Biden, Services Administration, White, GSA, Center, Public Service, Public, “, Vance Locations: Wisconsin, Maryland, Florida

☆ Hong Kong: Why Russians with wads of cash flock to Apple stores in this Asian hub
▼ + stars: | 2024-11-09 | by ( Chris Lau | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. “We want to buy as many as possible,” one Russian buyer, Nick Alexenkov, told CNN outside the Apple store in Tsim Sha Tsui, a busy shopping district in Hong Kong. Alexenkov, the iPhone purchaser in Hong Kong, said he expected to turn a profit of up to 25% for each phone despite offering to pay 12% above the retail price to acquire those phones in Hong Kong. A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. A man from Hong Kong, who tried to sell two 1-terabyte Pro Maxes, complained that, at $2,027 each, the Russian buyers weren’t offering enough.

Persons: Nick Alexenkov, Vladimir Putin, ”, Max, Alexenkov, Evgenia Novozhenina Organizations: Hong Kong CNN, Kong’s Apple, CNN, Apple, Mobile, MTS, ” Reuters, Reuters Locations: Hong Kong, Tsim Sha, Ukraine, Russia, Moscow, Eldorado, Russian, Central

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