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"Ultimately, I don't control what the final language of the total funding bill will be," said Higgins. Higgins voted against the bill, despite securing $2.3 million in federal funding for an emergency operations center at the port in Morgan City, Louisiana. He was one of 20 House members — 15 Republicans and 5 Democrats — who voted against Friday's government funding bill despite securing so-called "earmarks," known officially as congressionally directed spending. Related storiesThe other 30% was contained in a separate funding bill passed roughly two weeks ago, but that bill contained far more earmarks, especially for House members. Nonetheless, 42 House members who secured earmarks voted against it anyway, 40 of whom were Republicans.
Persons: , Clay Higgins, couldn't, Higgins, congressionally, Pramila Jayapal, Mandel Ngan, Marjorie Taylor Greene, Mike Johnson, Pramila, Jayapal, Greene, Lauren Boebert, Brian Babin, Texas Gus Bilirakis, Florida John Curtis of, Florida John Curtis of Utah Mike Ezell, Mississippi Garrett Graves, Louisiana Michael Guest, Mississippi Diana Harshbarger, Tennessee Clay Higgins, Louisiana Trent Kelly, Mississippi Burgess Owens, Utah Mike Rogers, Alabama Chris Smith of, Alabama Chris Smith of New Jersey Greg Steube, Florida Jeff Van Drew, New Jersey Randy Weber of Organizations: Service, Louisiana Republican, Business, Pentagon, State Department, Department of Homeland Security, Democratic, Seattle Public Library, Getty, Republican, Republicans, GOP, Congressional Progressive Caucus, UN Relief and Works Agency, Louisiana, Alabama Chris Smith of New, New Locations: Louisiana, Morgan City , Louisiana, AFP, Marjorie Taylor Greene of Georgia, Gaza, Washington, Colorado, Texas, Florida, Florida John Curtis of Utah, Mississippi, Utah, Alabama, Alabama Chris Smith of New Jersey, New Jersey, New Jersey Randy Weber of Texas
But the transcript of Biden's interview, which was reviewed by NBC News, paints a more nuanced picture on both sides. At one point, Hur acknowledged that some of the questions he would ask would "relate to events that happened years ago." According to the review of the transcript, Biden at times expanded beyond the narrow subject areas of particular questions. In his opening statement, Hur planned to defend his investigation, the final report and his treatment of Biden's age. He also noted that some of the issues he was dealing with as vice president continue today.
Persons: Robert K Hur, Jabin, Robert Hur's, Joe Biden's, Biden, Hur, Beau Biden's, Beau's, Biden Biden, Israel, it's, Joe Biden, Evelyn Hockstein, Jim Jordan, James Comer, Hur's, Bob Bauer, Bauer, Richard Sauber, Joseph R, Beau, Tom Brenner, Beau Biden, I'm, hadn't, Trump, Mandel Ngan, They're, Benjamin Netanyahu, Barack Obama's, Obama, Pope Francis, Francis Organizations: White, Washington , D.C, Washington Post, Getty Images WASHINGTON, NBC, NBC News, Trump, Hamas, Pullman, Reuters, Republican, Capitol, White House, Justice Department, Biden III National Guard / Reserve, New, Penn Biden Center, Chamber, AFP, Getty Locations: Brady, Washington ,, Mongolia, Atlanta , Georgia, U.S, Ohio, Ky, New Castle, New Castle , Delaware, Penn, Virginia, Delaware, State, Israel, Afghanistan, Iran
AI is not ready for primetime
  + stars: | 2024-03-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +7 min
Generative AI tools, including ChatGPT, have been alleged to violate copyright. That’s not stopping Big Tech companies and AI firms, which continue to hook consumers and businesses on new features and capabilities. “Access to major generative AI systems in widespread use is controlled by a few companies,” said Venkatasubramanian, noting that these systems easily make errors and can produce damaging content. He believes bolder reforms may be necessary too, such as taxing AI companies to fund social safety nets. For now, current day generative AI users must understand the limitations and challenges of using products that are still quite far from where they need to be.
Persons: , Taylor Swift, Joe Biden, Mandel Ngan, That’s, OpenAI, Elon Musk, Elon Musk Gonzalo Fuentes, ” Suresh Venkatasubramanian, Venkatasubramanian, ” Arvind Narayanan, CNN he’s, Narayanan, , ChatGPT, Bard –, haven’t, ” Gemini, Brian Fung Organizations: CNN, Chamber, Getty, Big Tech, Microsoft, Google, Reuters, Brown University, , White, Office of Science, Technology, Management, Executive, Princeton, “ Tech Locations: Washington ,, AFP, New Hampshire
Opinion | Fighting Hopelessness in Treating Addiction
  + stars: | 2024-03-09 | by ( ) www.nytimes.com   time to read: +1 min
Thank you, Mr. Kristof, for digging into this crisis and for reporting on this program in Tulsa that has had so much success for women in recovery. My niece was certainly someone who may have survived if she had found a program like this. Instead, she was incarcerated for crimes associated with her drug use, and she found little if any help there. I can’t help wondering what if instead of locking her up, she had been compelled to enter a program like Women in Recovery. The writer is the author of “White Flag,” about her attempt to help her niece.
Persons: Nicholas Kristof, Kristof, Judy L, Mandel Newington, Locations: Tulsa, Conn
CNN —Hamas said Tuesday there could be no “exchange of prisoners” before a ceasefire in Gaza, as it responded to proposals from Egyptian and Qatari mediators. “Any prisoner exchange will not be completed except after the completion of all this.”Hamdan also accused Israel of stalling on reaching an agreement and warned that the negotiations would not be “open-ended” as Israel continues its offensive in Gaza. The response came just hours after US President Joe Biden said a potential ceasefire was “in the hands of Hamas” as he boarded Air Force One at Hagerstown airport. Biden said the “Israelis have been cooperating” and that a ceasefire is necessary. “We need a ceasefire,” he said, calling the deal on the table a “rational offer” and saying the Israelis had agreed to it.
Persons: , Osama Hamdan, ” Hamdan, Hamdan’s, Joe Biden, Biden, Mandel Ngan, Ramadan, Benjamin Netanyahu, it’s, Israel, Kamala Harris Organizations: CNN, Air Force, Hagerstown Regional Airport, Getty, Israel, Hamas, Israeli, Nations, Crisis Locations: Gaza, Beirut, , Israel, Egypt, Qatar, Hagerstown, Hagerstown , Maryland, AFP, Jerusalem, Cairo
Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.
Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora
Supporters of the state laws say they foster free speech, giving the public access to all points of view. One contrarian brief, from liberal professors, urged the justices to uphold the key provision of the Texas law despite the harm they said it would cause. “Social media platforms exercise editorial judgment that is inherently expressive,” Judge Kevin C. Newsom wrote for the panel. To the surprise of many, some prominent liberal professors filed a brief urging the justices to uphold a key provision of the Texas law. In the second case, Miami Herald v. Tornillo, the Supreme Court in 1974 struck down a Florida law that would have allowed politicians a “right to reply” to newspaper articles critical of them.
Persons: Samuel A, Alito Jr, , Scott Wilkens, Ron DeSantis, John Tully, Donald J, Trump, Greg Abbott of, , Ken Paxton, , Andrew S, Oldham, Kevin C, Newsom, Lawrence Lessig, Tim Wu of, Teachout, Mandel Ngan, Richard L, “ Florida’s, Moody, Paxton, Robins, William H, Rehnquist, Pat L, Tornillo, Warren E, Burger Organizations: Facebook, YouTube, Columbia University, Big Tech, The New York Times, Gov, Republican, Computer & Communications Industry, New York Times, Fox News, U.S ., Appeals, Fifth Circuit, ISIS, Harvard, Tim Wu of Columbia, Zephyr, Fordham, Twitter, Manchester Union, Citizens United, Agence France, University of California, Miami Herald, Florida, Representatives, Constitution Locations: Florida, Texas, Greg Abbott of Texas, Ukraine, Los Angeles, Campbell , Calif
The White House has confirmed that Russia is building a new weapon to be put in space. The weapon is thought to be nuclear-related, with the White House saying it would violate the Outer Space Treaty. AdvertisementThe White House confirmed on Thursday that it is monitoring Russia's development of a new weapon to be stationed in space. But the spokesperson also said the weapon would violate the Outer Space Treaty of 1967, of which Russia is still a participant. The treaty specifically bans the stationing of weapons of mass destruction in space, including nuclear arms.
Persons: it's, , It's, John Kirby, Kirby, we've, hasn't, Mike Turner, Hakeem Jeffries, Jake Sullivan, MANDEL NGAN, Jim Himes Organizations: Service, White House, The New York Times, CNN, Center for Strategic, International Studies, US, Intelligence, GOP House, intel, National Security, Getty, Democratic, House Intelligence Locations: Russia, Ukraine, Hill, Washington ,, AFP, Jim Himes of Connecticut
Trump is giving every impression that his second term would be even more aberrant than his first, as he vows to use presidential power to exact retribution against his enemies. While a Biden vs. Trump race would be a rematch of 2020, it would not necessarily be the same. In Trump, voters can pick an ex-president facing 91 criminal charges who has been found liable for fraud, sexual battery and defamation in court. It also offered a potential roadmap to the substance and character of his possible second term. Why the 2020 election lineup may be locked inThe renewed focus on Biden’s age is likely to open another round of speculation about whether he could be replaced on the Democratic ticket.
Persons: Joe Biden, Donald Trump, Biden, Trump, he’s, Vladimir Putin, Nikki Haley’s, crave, Robert F, Kennedy Jr, , “ Donald Trump’s, Putin, ” Biden, Trump’s, , Florida GOP Sen, Marco Rubio, “ Donald Trump, ” Rubio, Charles Michel, Russia, Tucker Carlson, Manuel Balce Ceneta, Michael, He’s, Michael Haley, Nikki Haley, Arizona Sen, John McCain, Robert Hur’s, parry, Mandel Ngan, gaffes —, , Ro Khanna, Jake Tapper, Biden’s missteps, Haley, Nancy Pelosi, he’d, Dean Phillips, Kamala Harris, Harris Organizations: CNN, Oval, Biden, Trump, NATO, White, Florida GOP, Foreign Relations, Union, European Council, GOP, ABC, Getty, ” Democratic, Democratic, Democratic Party Locations: South Carolina, Russia, NATO, Europe, miscalculations, Moscow, Ukraine, Poland, Baltic States, Florida, “ State, Russian, Conway , South Carolina, Africa, Arizona, Vietnam, Egypt, Mexico, AFP, California, reunifying
Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. watch nowHe spoke extensively about the country's mobile manufacturing ecosystem, claiming that 99% of the phones used in India were made within the country. The country exported $11 billion mobile phones last year, and they are likely to rise to between $13 billion and $15 billion in 2024, Vaishnaw said. Apple 's presence in India has grown exponentially since it first started manufacturing in the country in 2017.
Persons: Vaishnaw, Narendra Modi's, Nirmala Sitharaman, CNBC's, Apple, OnePoll, Joe Biden, India's Modi, Narendra Modi, Modi, Mandel Ngan Organizations: Dixon Technologies, Bloomberg, Getty, CNBC, Union, Railways, Communications, Electronics, Technology, CNBC's Sri, Deloitte, India, Apple, Samsung, Micron, U.S, India's, White, Afp Locations: Noida, India, Delhi, Mumbai, Chennai, China, Washington ,
One theme investors heard repeatedly from top execs is that, when it comes to AI, they have to spend money to make money. Last year marked the beginning of the generative AI boom, as companies raced to embed increasingly sophisticated chatbots and assistants across key products. One key priority area, based on the latest earnings calls, is AI models-as-a-service, or large AI models that clients can use and customize according to their needs. Alphabet executives highlighted Vertex AI, a Google product that offers more than 130 generative AI models for use by developers and enterprise clients such as Samsung and Shutterstock. Alphabet executives touted Google's Duet AI, or "packaged AI agents" for Google Workspace and Google Cloud, designed to boost productivity and complete simple tasks.
Persons: Sundar Pichai, Mandel Ngan, Satya Nadella, Mark Zuckerberg, Josh Edelson, Zuckerberg, Nadella, Amy Hood, Pichai, You've, durably, Ruth Porat, Andy Jassy, Jassy, Tim Cook, Cook, Thos Robinson, Microsoft's, Rufus, Bard Organizations: Artificial Intelligence, AFP, Getty, Microsoft, Apple, Nvidia, Meta, Google, Amazon, New York Times, Samsung, GE, Spotify, Pfizer Locations: Washington ,, Menlo Park , California, LLMs, New York City
That dozens of funds — the firm currently has 28 different partner funds that feed data into the strategy plus a waitlist of five other managers — would share their holdings is novel. The average hedge fund was up 7.5%, according to Hedge Fund Research. The managers who have partnered with CenterBook, Stemerman said, have a long time horizon — think months instead of days — on their trades, so the edge isn't lost if CenterBook also makes the same trade in its book. CenterBook, if assets grow as expected, aims to bring on another 10 partner funds this year, the source close to management tells Business Insider. While the manager has only 18 full-time employees, its partner funds have more than 100 investment analysts working at them.
Persons: David Stemerman, Steve Mandel's Lone, Conatus, CenterBook, Stemerman, , tearsheet, hadn't Organizations: Business, Connecticut's, Alpha, CenterBook, Global Alpha, Fund, Citadel, Apple Locations: Charlotte, Lone
The promise of 2% cash back with Costco's Executive membership can be tempting, but it might not be worth the upcharge. They take a look at your profile and tell you that you're a good candidate for the Costco Executive membership. On paper, the $120 Executive Membership sounds like a great deal. Calculating if the $120 Executive Membership is worth the upcharge is simple. But if your annual spend regularly tops $3,000, you're better off with the Executive Membership.
Persons: you've, they'd, Coke, Ngan, I'd Organizations: Costco's, Costco, Afp, Getty, Star
It went across all visual types.”Elizabeth Alexander recites a poem during President Obama's swearing-in ceremonies at the US Capitol on January 20, 2009. She had grown up in DC, and that inauguration day was a homecoming for her. “I’m sure that some people expected too much,” says Wear, the former Obama campaign worker, of Obama’s vision. The fact of the matter is, that (inauguration) day happened, and millions of people were there. We will have a better idea on another inauguration day — in January of 2025.
Persons: Elizabeth Alexander, Barack Hussein Obama, Alexander, ” Alexander, Muhammad Ali, Aretha Franklin, Elie Wiesel, John Lewis, Colin Powell, , , , Obama's, Ron Edmonds, Obama, Obama’s, Martin Luther King Jr, Donald Trump’s, , Trump's, Joe Biden, Jon Cherry, Ed Wolf, Wolf, Barack Hussein Obama —, Barack Obama, Alex Wong, ‘ Hussein, “ Wolf, Clifford L, Alexander Jr, George W, Bush, Laura, Michelle, Tannen Maury, Ronald Reagan, Trump, ” Vivek Ramaswamy, Donald Trump, Alexi J . Rosenfeld, Thomas Sowell, speck, it’s, Shepard, Robert Daemmrich, ” Obama, Michael Wear, John McCain, McCain, ” McCain, we’ve, Mandel Ngan, ” Trump, Nehisi Coates, Coates, Hope ’, ” Coates, , didn’t, ” Wolf, Emmanuel Dunand, “ We’re, hasn’t, Obama — we’re, Rebecca Solnit, John Blake Organizations: CNN, Yale University, Capitol, AP, Confederate, Trump, Rochester Institute of Technology, Metro, Washington, Army, Getty, United, White, Whites, GOP, Republican, Obama, Democratic, Mellon Foundation Locations: Washington ,, America, Russia, Japan, Kenya, American, New York, United States, AFP, Kansas, New York City, Balkans, Minnesota, Arizona, Washington, San Francisco, Michigan, Norfolk , Virginia, Hope
Despite billions leaving the firm, Lone Pine Capital ended strong last year. The manager was down 38% and 42% in its hedge fund and long-only strategy, respectively, last year. Bloomberg reported in August that clients had pulled roughly $3 billion out of the firm in the 12 months leading up to July 2023. The firm's strong 2023 performance bested the average hedge fund, which returned less than 8%, according to Hedge Fund Research. Still, the flagship hedge fund strategy trailed the S&P 500, fellow Tiger Cubs like Tiger Global and Coatue, and other tech investors like Whale Rock and Light Street.
Persons: Cub, Steve Mandel, Pine, Mala Gaonkar's, Peers Organizations: Lone, Lone Pine Capital, Business, Bloomberg, Fund Research, Viking, D1 Capital, Tiger Cubs, Tiger, Nasdaq Locations: Lone Pine, Cypress, Greenwich
A sweeping ruling by the Supreme Court could upend many rules affecting partnerships, multinational companies and bond investors. Photo: mandel ngan/Agence France-Presse/Getty ImagesWASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t.
Persons: mandel ngan, Moore Organizations: Agence France, Getty, WASHINGTON Locations: Moore v .
Jill Biden unveils White House holiday decorations
  + stars: | 2023-11-28 | by ( Christy Choi | Sam Fossum | ) edition.cnn.com   time to read: +3 min
CNN —Complete with 98 Christmas trees, 72 wreaths and 2.8 miles of ribbon, the White House has been transformed into a classic winter wonderland for the holidays. The little engine that could: A vintage toy train chugs around the base of a Christmas tree in the Blue Room. The White House expects some 100,000 people to visit during the holiday season. Decorations in the Vermeil Room celebrate music and performance, complete with a mechanical theater featuring rotating United States Marine Band figures. Evan Vucci/APDeck the halls: The White House's China Room transformed into a dessert shop, tables laden with festive treats.
Persons: Santa Claus, Fraser, Jill Biden, Joy ”, , Biden, It’s, Evan Vucci, children’s, Gerald Ford, Kevin Dietsch, Saint Nick, Mandel Ngan Organizations: CNN, White, National Guard, Historical Association, United States Marine, Santa, Getty Locations: China, Santa, AFP
In late October, House Republicans settled on a little-known congressman as their next leader. AdvertisementMike Johnson has been the speaker of the House for just under a month now following a testy race to succeed ousted former Speaker Kevin McCarthy. Johnson's so-called "laddered" approach has been heavily criticized by congressional Democrats, Republicans, and even the White House, who called it an "unserious proposal." AdvertisementSection 702: FailFBI Director Christopher Wray speaks during the daily press briefing at the White House, Thursday, Aug. 2, 2018, in Washington. AdvertisementWith just over a month left until the authorization expires, though, Johnson's been mum on the topic since becoming speaker.
Persons: Mike Johnson, Kevin McCarthy, , Johnson, here's, Tom Brenner, McCarthy, Biden, Tom Emmer, Elise Stefanik, Steve Scalise, Alex Wong, Volodymyr Zelensky, Mitch McConnell, Chuck Schumer, Mandel Ngan, Michael McCaul, McCaul, Sandy Huffaker, Congress didn't, Christopher Wray, Evan Vucci, Jim Jordan, Johnson's, Patrick McHenry, Win McNamee, who's, he'd, McCarthy's Organizations: Republicans, Business, Service, The Washington, Getty, House Republican, Capitol, House Republicans, Internal Revenue Service, Democratic, White, Congress, Republican, Foreign Affairs Committee, American Farm Bureau Federation, Texas Farm Bureau, Foreign Intelligence, Associated Press, GOP Rep, FBI Locations: Israel, Gaza, Washington , DC, Ukraine, AFP, Mexico, Taiwan, California, Texas, Washington
Trump's legal team argued against his gag order in his upcoming election interference trial. AdvertisementA panel of three judges on Monday appeared highly skeptical of arguments from Donald Trump's legal team seeking to revoke a gag order that bars him from attacking potential witnesses in his election interference criminal case. Depending on "the context," Lauro argued, Trump would be permitted to pressure possible witnesses not to cooperate with prosecutors. The gag order in the election interference case is separate from a gag order in another ongoing civil trial against Trump in New York. He found that Trump violated it earlier in November, though an appeals court on Thursday temporarily lifted the order.
Persons: Trump, , Donald Trump's, John Lauro, Lauro, Patricia Millet, X, Mike Pence, — Lauro, Tanya Chutkan, they've, Sam Bankman, Cornelia Pillard, Laura, Jack Smith, Mark Meadows, weaklings, Chutkan, MANDEL NGAN, Millet, Barack Obama, Joe Biden, Smith, Cecil Woods VanDevender, Bill Barr, We've, Judge Arthur Engoron Organizations: Prosecutors, Service, United States, Appeals, DC Circuit, Trump, US, Capitol, Justice Department, Republican, Getty Locations: New York, FTX, AFP
Biden’s campaign adopted the internet meme ‘Dark Brandon’—a depiction of Biden’s red-laser-eyed alter ego—to reframe the Republican anti-Biden chant of ‘Let’s Go Brandon.’ Photo: mandel ngan/Agence France-Presse/Getty ImagesPresident Biden is struggling to connect with younger voters. The sepia-toned stories he peppers into speeches may not be helping. When Biden traveled to Israel last month, he spoke about his 1973 meeting with then Prime Minister Golda Meir . Following the Supreme Court ruling overturning Roe v. Wade last year, he stressed his work in 1987 to keep conservative Judge Robert Bork off the nation’s high court. Pressed about climate change during a news conference in Vietnam, he pointed to his longstanding commitment to the issue, including his work on it with Sen. Dick Lugar (R., Ind.)
Persons: Brandon ’, , Let’s Go Brandon, , mandel ngan, Biden, Golda Meir, Roe, Wade, Robert Bork, Sen, Dick Lugar Organizations: Republican, Agence France, Getty Locations: Israel, Vietnam, Ind
Wagner left Facebook parent Meta last year, and her work in trust and safety feels like it was from a prior era. One of her first investments was in a startup called Cove, which was founded by former Meta trust and safety staffers. "One thing I would recommend is transparency at a time where third-party access and understanding to what is going on at scale on social platforms is what is needed." Post is an example of the kinds of companies that trust and safety startups are focused on. Fishman said customers are starting to see trust and safety tools as almost an extension of their cybersecurity budgets.
Persons: Joshua Bratt, Lauren Wagner, Wagner, Mandel Ngan, Roblox, Wagner's, Michael Dworsky, it's, Mason Silber, Donald Trump, Manu Aggarwal, Aggarwal, Abhijnan Dasgupta, Sara Ittelson, Ittelson, Cove's Dworsky, they'd, Alex Goldenberg, Noam Bardin, he's, Bardin, that's, Brian Fishman, Cinder, Fishman Organizations: Meta, Facebook, Hamas, Twitter, Radium Ventures, White, AFP, Getty, CNBC, Innovation Labs, Google, Apple, Republican, Everest Group, Accenture, Genpact, Big Tech, Tech, Venture, Accel, European, Digital Services, Defamation League, Network, Research, Rumble Locations: King's Cross, London, Israel, Washington ,, San Francisco, Russia, Ukraine, Georgia, Cinder, who's, ActiveFence
Steve Mandel's Lone Pine Capital opened a huge stake in Meta during the third quarter, regulatory filings show. META YTD mountain Meta shares in 2023 Meta is now the Connecticut-based fund's largest single holding, according to InsiderScore. Lone Pine also opened a big position in Alphabet during the period, valued at slightly more than $400 million. Elsewhere, Lone Pine raised its Amazon stake nearly 12% in the three-month period, after slashing it 26% in the second quarter. Outside of big tech, Lone Pine made some adjustments to financial services stocks.
Persons: Steve Mandel's, Julian Robertson, Mandel's, Lone Pine, Pine, Mandel, Lone, Tempur Sealy Organizations: Steve Mandel's Lone, Steve Mandel's Lone Pine Capital, Meta, Tiger Cubs, Securities and Exchange Commission, Google, Microsoft, Lone Pine, Nvidia, Mastercard, Body, & & $ Locations: Steve Mandel's Lone Pine, Connecticut, Lone, Tempur
(Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Alphabet CEO Sundar Pichai on Tuesday confirmed that Google pays Apple 36% of Safari search revenue, under the terms of a default search agreement that is core to the Justice Department's antitrust claims. Pichai was testifying in a separate lawsuit filed against Google by Epic Games, the maker of Fortnite. The Epic attorney then alleged that Google pays Samsung, Android's largest hardware partner, less than half of what it pays to Apple. Google's TAC costs include all of Google's payments to companies like Apple and Samsung to place its search engine in front of users. Apple, Google and Samsung did not immediately respond to CNBC's request for comment on Pichai's testimony.
Persons: Sundar Pichai, Mandel NGAN, MANDEL NGAN, Pichai, Google's, Kevin Murphy, Murphy, Connolly, John Schmidtlein, Leswing Organizations: Artificial Intelligence, Getty, Google, Apple, Epic Games, Washington , D.C, Samsung, Google's TAC, University of Chicago, Williams, Department, D.C Locations: Washington ,, AFP, Virginia, Washington
Tim Scott drops out of the 2024 presidential race
  + stars: | 2023-11-13 | by ( Nnamdi Egwuonwu | Alex Tabet | ) www.cnbc.com   time to read: +2 min
US Senator from South Carolina Tim Scott speaks during the third Republican presidential primary debate at the Knight Concert Hall at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, on November 8, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Sen. Tim Scott of South Carolina announced Sunday night that he is dropping out of the 2024 presidential campaign. I am suspending my campaign," Scott said in an appearance on former GOP Rep. Trey Gowdy's Fox News program. ""We want to give you ONE LAST CHANCE to donate this weekend and help Tim reach his campaign goal. Scott is dropping out of the presidential race just as former South Carolina Gov.
Persons: South Carolina Tim Scott, Adrienne Arsht, Mandel NGAN, MANDEL NGAN, Sen, Tim Scott of, Scott, Trey Gowdy's, Tim, Nikki Haley, Gowdy Organizations: Republican, Knight, Adrienne, Adrienne Arsht Center, Performing Arts, Getty Images, Tim Scott of South Carolina, GOP, Trey Gowdy's Fox News, South Carolina, PAC, South Carolina Gov Locations: South Carolina, Miami , Florida, AFP, Tim Scott of South, Iowa, Miami
‘Smoke Those Terrorists’: GOP Candidates Offer Advice to Israel at DebateRepublican presidential candidates weighed in on how Israel should handle Hamas, at the third GOP debate held in Miami on Wednesday, advising Benjamin Netanyahu to take all necessary measures to destroy Hamas. Photo: Mandel Ngan/AFP/Getty Images
Persons: Benjamin Netanyahu, Mandel Ngan Organizations: Debate Republican, GOP, Getty Locations: Israel, Miami, AFP
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