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☆ Chinese hackers targeted Trump and Vance’s phone data
▼ + stars: | 2024-10-25 | by ( Sean Lyngaas | Kristen Holmes | ) edition.cnn.com time to read: +3 min

The Chinese hackers also targeted people affiliated with the Harris-Walz campaign, another source familiar with the matter told CNN. US officials informed the Trump campaign this week that Trump and Vance were among a group of people whose phones were targeted by the Chinese hackers, one of the sources said. In a statement, Trump campaign spokesperson Steven Cheung attacked the Harris campaign for allegedly emboldening China. The activity is part of a much broader Chinese hacking campaign that has infiltrated multiple US telecommunications firms in the last several months. US officials have briefed members of the House and Senate intelligence committees on the Chinese hacking campaign.

Persons: Donald Trump, Vance, Harris, Walz, Trump, Steven Cheung, “, CISA “, ” Sen, Mark Warner, Mark Green Organizations: CNN, Senior Biden, U.S, Government, FBI, Infrastructure Security Agency, The New York Times, Justice Department, Trump, Major, Verizon, Lumen, Typhoon, Virginia Democrat, House Homeland Security, ”, Tennessee Republican Locations: China, People’s Republic of China, Iran, Russia

☆ Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up
▼ + stars: | 2024-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company's smartphone shipments in China grew by 42% year-on-year, as it continues to stage a revival in the world's largest smartphone market. Apple stood at second position by market share in the third quarter, according to International Data Corporation (IDC). In the second quarter, Apple was knocked out of the top five ranking in China by market share. Canalys said Apple was fifth place by market share in China.

Persons: Apple, Tim Cook, Vivo, Xiaomi, Canalys Organizations: Apple, Huawei, IDC, International Data Corporation, Apple Intelligence, Oppo, CNBC Locations: Chongqing, China, Cupertino, U.S

☆ Inside Wall Street's efforts to value OpenAI: Who's involved, how it could work, and what's at stake for the banks
▼ + stars: | 2024-10-25 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.

Persons: Goldman Sachs, Morgan Stanley, —, OpenAI, –, Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley

☆ NASA chief calls for investigation into report that Musk and Putin have spoken regularly
▼ + stars: | 2024-10-25 | by ( Shania Shelton | ) edition.cnn.com time to read: +3 min

CNN —NASA Administrator Bill Nelson on Friday called for an investigation into a Wall Street Journal report that SpaceX founder and Donald Trump ally Elon Musk and Russian President Vladimir Putin have been in “regular contact” since late 2022. Musk also held his own town halls last week in Pennsylvania, where he urged voters to support Trump and promoted several debunked conspiracy theories about the 2020 election. The two have publicly discussed a potential government role for Musk. In recent days, Musk also offered splashy, $1 million daily sweepstakes for swing-state voters that has drawn scrutiny from the US Justice Department. Despite a warning from the Justice Department that the payments might be illegal, Musk’s super PAC awarded two $1 million prizes to registered voters in Michigan and Wisconsin on Thursday.

Persons: Bill Nelson, Donald Trump, Elon Musk, Vladimir Putin, ” Nelson, Semafor’s Burgess Everett, “, Putin, Musk, Xi Jinping, ” Musk, John Kirby, ”, Dmitry Peskov, Tesla, Trump, CNN’s Jackie Wattles Organizations: CNN, NASA, Journal, SpaceX, Department of Defense, White, Putin, National Security, Pentagon, Defense Department, Trump, US Justice Department, Justice Department, Musk’s Locations: Russian, Russia, Taiwan, Butler , Pennsylvania, Pennsylvania, Michigan, Wisconsin

☆ What investors are watching Friday: Emerging markets and a top AI stock
▼ + stars: | 2024-10-25 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.

Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil

The record shows that Mr. Trump often pursues his stated goals, regardless of how plainly they lack legal or moral grounding. For this reason, Americans would be wise to see this language as a genuine threat, not simply Mr. Trump on a tangent. Why You Should Believe Him As president, Mr. Trump repeatedly sought to use the power of government to punish his political opponents. But rules can be rewritten, and Mr. Trump has made clear that he intends to pick officials who will take orders from the Oval Office. Mr. Trump would have broad authority to pursue such a plan, though he’d need Congress to provide a lot of money.

Persons: Donald Trump, Will, Trump, supplicants, ”, Newsmax, Joe Biden, Hillary Clinton, John Kerry, James Comey, Andrew McCabe, Comey’s, Trump’s, Biden, Kamala Harris, Stephen Miller, Jan, Mark Esper, Esper, “, shoplifters, Mark Milley, John Kelly, James Mattis, Gavin, we’re, Gavin Newsom, Hurricane Maria, Hurricane Michael, Mr, Ron DeSantis, Mark Harvey Organizations: U.S, Department, National Guard, Justice Department, Mr, NPR, Fox, Capitol, American, —, Joint Chiefs of Staff, Joint Chiefs, Associated Press, Democratic, Puerto Rico, Florida Panhandle, National Security Council, Politico, Trump, Congress Locations: smithereens, America, New York, Ukraine, Arizona, United States, Erie, Pa, Iran, North Carolina, Coachella, California, Florida, Hurricane, Orange County, Calif, Iowa, Richmond , Va, South Carolina, Russia

☆ As Georgia votes, fears of a return to Moscow’s orbit loom large
▼ + stars: | 2024-10-25 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

Ulf Mauder/picture alliance/Getty ImagesMany observers fear the ruling Georgian Dream party will resort to anything to stay in power. This year, Georgian Dream pushed through a Kremlin-style “foreign agent” law, which critics say aims to shut down watchdogs who call the government to account. She described some of the statements made by Georgian Dream officials as a “copy-paste” of those from Stalin’s show trials. ‘Soviet mentality’A question puzzling many is why the formerly center-left Georgian Dream has made a sudden authoritarian pivot. Joining the EU would require cleaning up the country’s judiciary and giving up power if Georgian Dream is voted out on Saturday.

Persons: Joseph Stalin, Stalin “, ”, Stalin, Stalin’s, Ulf Mauder, Ivanishvili –, –, Vladimir Putin’s, “, everybody’s, ” Natalie Sabanadze, Sabanadze, Vano Shlamov, Ivanishvili, Mikheil Saakashvili, ” Younger, Uriel Sinai, Moscow’s, Davit, Georgia’s, Salome Zourabichvili –, Ivanishvili’s, Bera, ” Ivanishvili, Hillary Clinton, Viktor Orban, Irakli Kobakhidze, Orban, Mirian, Levan Khabeishvili –, Khabeishvili, “ Ivanishvili, He’s, Giorgi Arjevanidze, Sergei Naryshkin Organizations: CNN, Joseph, Joseph Stalin Museum, European Union, Party, Chatham House, Georgian, Getty, Kremlin, Stalin, –, Governance, NATO, EU, Hungary’s, Conservative Political, Georgia’s, Police, Western United National Movement, UNM, Russia’s Foreign Intelligence Service Locations: Gori, Soviet, Caucasus, Georgian, Soviet Union, Georgia, Russia, Everybody’s, London, Chatham, Tbilisi, AFP, Moscow, Georgia’s South Ossetia, Gori ., Abkhazia, Gori , Georgia, Ukraine, Europe, Budapest, Anadolu, Nuremberg, Brussels, Moldova, Belarus

☆ Store closings have hit their highest level in years. Competition and higher prices crushed them
▼ + stars: | 2024-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Around 9,700 stores closed in 2020, according to Coresight. Drug store chains are also shrinking.

Persons: —, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX Organizations: New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi Locations: New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods

☆ How to capitalize on the Tesla volatility by creating a 'synthetic dividend'
▼ + stars: | 2024-10-25 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

Tesla (TSLA) surged more than 20% post earnings as CEO Elon Musk delivered an encouraging forecast and revealed surging sales in his electric vehicle company. This short-covering created a significant increase in volatility making option premiums increase lock-in-step. Volatility is a known characteristic for Tesla as the stock has a beta of 2.29, more than double that of the S & P 500. And Tesla earnings have historically created volatility in the stock. DISCLOSURES: (Long Tesla, sold this put spread, also short TSLA o-t-m calls and put options.)

Persons: Tesla, Elon Musk, Kilburg, YTD Musk Organizations: Shareholders, EV, CNBC, NBC UNIVERSAL Locations: TSLA, Tesla

Kyiv CNN —Russian soldiers have been heard raising concerns about how North Korean soldiers will be commanded and provided with ammunition and military kit, leaked intercepts obtained by the Defense Intelligence of Ukraine and released on Friday show. The intercepts also reveal plans to have one interpreter and three senior officers for every 30 North Korean men, which the Russian soldiers are heard in the audio condemning. Ukrainian President Volodymyr Zelensky said Friday that he received a report on the deployment of North Korean military personnel from Ukraine’s commander-in-chief. “According to intelligence, on October 27-28, Russia will deploy its first North Korean troops in combat zones. The Kremlin had initially dismissed allegations of North Korean troop deployments, but on Thursday at the BRICS summit, Putin did not deny that Pyongyang had sent soldiers to the country.

Persons: ”, “, Volodymyr Zelensky, ” Zelensky, Vladimir Putin, Putin, Zelensky, CNN’s Daria Tarasova, Markina, Niamh Kennedy Organizations: CNN —, Defense Intelligence, “, Battalion, Ukraine’s Defense Intelligence, Korean, Ukraine’s, UN Locations: Ukraine, Russia’s Kursk, Russia’s, Russian, Russia, Korean, Kazan, Pyongyang, North Korea, Moscow

☆ 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

☆ Russia gave Yemen's Houthi rebels satellite data so they could attack Red Sea shipping lanes: report
▼ + stars: | 2024-10-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Houthi rebels used Russian satellite tracking data to hit ships in the Red Sea, The Wall Street Journal reported. AdvertisementHouthi rebels in Yemen used satellite data provided by Russia to target and attack commercial ships in the Red Sea, The Wall Street Journal reported. One of the Journal's sources said that the satellite data was transferred to the Houthis via members of the Iranian Revolutionary Guard Corps embedded with the rebels in Yemen. AdvertisementThe Houthis have for months harassed commercial ships in the Red Sea with drones and missiles, for what they say is retaliation against Israel for its bombardment of Gaza. AdvertisementMeanwhile, the US military has rotated multiple aircraft carrier groups to fend off Houthi attacks in the Red Sea, last week striking several targets in Yemen with B-2 Spirit stealth bombers.

Persons: —, Dmitry Peskov Organizations: Street Journal, Iran's Revolutionary Guard Corps, Service, Iranian Revolutionary Guard Corps, Reuters, Russian Foreign Ministry, Kremlin, Business, US Navy, Health, Israel, Drewry Locations: Red, Yemen, Russia, Israel, Iran, Moscow, Gaza

☆ South and North Korea troops potentially entering Ukraine war unlikely to stoke regional conflict, analysts say
▼ + stars: | 2024-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

South and North Korea troops potentially entering the Russia-Ukraine war is unlikely to stoke a wider conflict between the two Korean countries, experts said. The U.S. on Wednesday confirmed that North Korean troops had been sent to Russia. "The messaging we are seeing is likely intended to deter the actual deployment of North Korean troops to Ukraine from Russia. But that will depend on how the North Korean troops are deployed, she added. "In such a case, South Korean troops would be shooting in self defence, thus limiting the nature of such combat encounters."

Persons: Yonhap, Yoon Seok Yeol, Liang, Nah, Naoko Aoki, Aoki, Pyongyang's Organizations: stoke, Yonhap, NBC News, CNBC, Singapore's, Rajaratnam, of International Studies, Seoul, RAND, North Locations: Korea, South, North Korea, Russia, Ukraine, South Korea, North, Moscow, Pyongyang, Seoul

Juan Diego Reyes for NBC NewsLara Trump, co-chair of the Republican National Committee and daughter-in-law of the former president, was among the speakers. There were no rainbow flags in the half-empty Charlotte ballroom where the Trump UNITY event took place. Headliners have included conservative influencers, Republican officials and Trump family members Lara Trump, Donald Trump Jr. and Marla Maples, the former president’s second wife. Trump has not attended any of the LGBTQ-led Trump UNITY events himself. In his speech on Tuesday, Grenell said that none of the speakers were paid to speak at the Trump UNITY events.

Persons: CHARLOTTE, Donald Trump, “ I’m, ”, Gage West, “, Lara Trump, Juan Diego Reyes, NBC News Lara Trump, didn’t, Trump, influencers, Donald Trump Jr, Marla Maples, Andrew Wheeler, Matthew Whitaker, National Intelligence Ric Grenell, Matt Gaetz, Aaron Schock, Richard Grenell, Trump’s, Grenell, Bill White, ” White, NBC News White, Don Webber, We’ve, ” Webber, ” Don Webber, NBC News Rob Smith, Black, ” Smith, Smith, ” Charles Moran, Rob Smith, “ It’s, ” Moran, Moran, Kamala Harris, Brandon Wolf, Harris, ” Wolf, Biden, Kamala Harris ’, NBC News Harris, Sam Alleman, “ Donald Trump’s, fundraised, Melania Trump Organizations: NBC News, Republican National Committee, RNC, NBC News Trump, Republican, Environmental Protection Agency, National Intelligence, Trump, NBC, Charlotte, ”, Black Trump, Conservative, Gallup, U.S ., Democratic Locations: N.C, Charlotte, Georgia , Wisconsin, Michigan, Congress, Palm, U.S, Philadelphia, Pittsburgh, Arizona, Nevada

Since late August, six of his town halls have been moderated by a prominent woman in politics or media. So far, Trump has partnered on town halls with Sen. Marsha Blackburn of Tennessee; Govs. (A virtual town hall with self-help guru Tony Robbins was canceled this month because of Hurricane Milton.) Former ESPN anchor Sage Steele is one of the women who have moderated recent Trump town halls. Elijah Nouvelage / AFP - Getty ImagesThe town halls have provided memorable and, at times, awkward moments.

Persons: Donald, Harris Faulkner, Kamala Harris, —, “ It’s, ”, “, Donald Trump, ” Trump, Trump, Sen, Marsha Blackburn of, Sarah Huckabee Sanders, Arkansas, Kristi Noem, Rep, Anna Paulina Luna of, Tulsi Gabbard, Sage Steele, Tony Robbins, Susan Walsh, Donald J, ” Huckabee Sanders, JD Vance, Steele, Danica Patrick, Harris, Harris ’, Jabin, Joe Rogan’s, E, Jean Carroll, mispronounced Harris ’, Vance, that’s Kamala Harris, Gretchen Whitmer, Elijah Nouvelage, Huckabee Sanders, pushback, doesn’t, Katie Britt, John Micklethwait, podcaster Patrick Bet, David, Anna Paulina Luna, Win McNamee, ” Steele, shopworn Trump Organizations: Fox News, Univision, Democratic, Trump, ESPN, NBC News, NBC, South Dakota Gov, Washington, Getty, ”, GOP, Bloomberg, Florida Rep Locations: Marsha Blackburn of Tennessee, South Dakota, Anna Paulina Luna of Florida, Hawaii, Hurricane Milton, Trump, Michigan, Flint , Michigan, Ohio, ” Michigan, AFP, Flint, Harris, Noem, Oaks , Pennsylvania, Lancaster , Pennsylvania, United States of America

BEIJING — The United States will judge China “on its actions, not just its words,” U.S. “It’s very important that we have these channels of communication,” Burns said in an exclusive interview in Beijing on Wednesday. “We want to be responsible for our own people, but also for the world as we conduct this relationship,” Burns said. During their summit last year, the two leaders said there should be more people-to-people exchanges between their countries, including in academics, business and tourism. It’s a very challenging relationship,” Burns said.

Persons: China “, China Nicholas Burns, Burns, ” Burns, Joe Biden, Donald Trump, Biden, Xi Jinping, It’s, ” Janis Mackey Frayer, Jennifer Jett Organizations: China, U.S, NBC, Pacific, Ukraine, Chinese Commerce Ministry, United Nations, Biden, Embassy, Foreign Ministry, American Chamber of Commerce Locations: BEIJING, United States, China, U.S, Beijing, People’s Republic of China, Asia, Pacific, South, Taiwan, Washington, South Korea, Japan, Philippines, Russia, Ukraine, Xinjiang, Tibet, Hong Kong, Gaza, Israel, California, Shanghai

Semaglutide, the active ingredient in Ozempic and Wegovy, appeared to reduce the risk of Alzheimer’s disease in people with Type 2 diabetes, according to a study published Thursday in the journal Alzheimer’s & Dementia. Another study, published in August, found that semaglutide appeared to cut the risk of dementia in people with Type 2 diabetes. Type 2 diabetes is a risk factor for dementia and Alzheimer’s. The study found that patients prescribed semaglutide had a significantly lower risk for Alzheimer’s disease than those who had taken one of the seven other diabetes drugs. The biggest difference was seen when comparing patients who took semaglutide to those who took insulin: Semaglutide patients had a 70% lower risk of Alzheimer’s, the study found.

Persons: —, semaglutide, ”, Stephen Salloway, ” Salloway, Rong Xu, liraglutide, Xu, ” Xu, they’re, Salloway, they’ve, Donna Wilcock, there’s, ” Wilcock, Dr, Alberto Espay, Espay, What’s, “, ” Espay Organizations: Alzheimer’s Association, Conference, Novo Nordisk, Warren Alpert Medical, Brown University, Center, Artificial Intelligence, Case Western Reserve University School of Medicine, Drug Administration, ”, Alzheimer’s, Indiana University School of Medicine, University of Cincinnati College of Medicine Locations: Novo, Rhode Island, Ohio

☆ Chinese influence operation targets U.S. down-ballot races, Microsoft says
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

An army of Chinese-controlled social media bots is attempting to influence voters in Alabama, Texas and Tennessee while denigrating Sen. Marco Rubio of Florida, according to research published Wednesday by Microsoft. The troll network has “parroted antisemitic messages, amplified accusations of corruption and promoted opposition candidates,” according to Microsoft. The bots amplified support for Blackburn’s election rival while spreading claims that she took money from pharmaceutical companies. Moore, McCaul and Blackburn are all running for re-election next month. The Microsoft researchers found the influence effort did not result “in high levels of engagement.” The report did not provide any metrics for how many Americans viewed the relevant social media posts.

Persons: denigrating Sen, Marco Rubio, Barry Moore of, Michael McCaul of, Sen, Marsha Blackburn of, Rubio, China “, Moore, McCaul, ”, Madison Green, Israel, —, China — Organizations: Microsoft, China’s Public Security Ministry, Embassy, Blackburn, Senate Intelligence Committee, Moore, Chinese Communist Party, CCP, National Intelligence, Reuters Locations: Alabama , Texas, Tennessee, Marco Rubio of Florida, Barry Moore of Alabama, Michael McCaul of Texas, Marsha Blackburn of Tennessee, Washington, China, U.S, Israel, Russia, Iran

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ North Korea knows its troops could desert in Ukraine. It has chilling ways to keep them in line.
▼ + stars: | 2024-10-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

The US says North Korean troops are in Russia, possibly bound for the war in Ukraine. AdvertisementAny North Korean troops sent to fight in Ukraine would be subject to harsh measures to ensure they don't desert, observers have told Business Insider. On Wednesday, US Defense Secretary Lloyd Austin said "there is evidence" that North Korean troops were training in Russia. Scattered reports have claimed that smaller numbers of North Korean troops are already in Ukraine. Bennett said that the presence of North Korean troops in Ukraine could offer a rare opportunity to reach high-placed North Korean citizens.

Persons: —, Lloyd Austin, Hromadske, Kim Jong Un, Joseph S, Bermudez Jr, Kim Jong, It's, Mark Collins, Kim, Bermudez, They're, Bruce W, Bennett, they've, Kim's, Kim Yo Jong, we've Organizations: North, Service, US, Business, Center for International, Strategic Studies, National Intelligence Service, South, Workers ' Party of Korea, RAND Locations: Russia, Ukraine, North Korea, South Korea North Korea, North Koreans, Pyongyang, Korea, Nazi, Soviet, South Korea

☆ Lila Ibrahim helps run Google's AI 'engine room'
▼ + stars: | 2024-10-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Since its founding in 2010, DeepMind has focused on building AI that might solve some of the world's stickiest problems, as varied as the climate crisis and protein folding. Last year, Google, which acquired DeepMind in 2014, folded the group in with the unit responsible for creating the transformers AI model breakthrough, forming what DeepMind's chief operating officer, Ibrahim, describes as "the engine room of Google in the AI era." As head of operations, Ibrahim is not only helping guide Google DeepMind's pursuit of artificial general intelligence, but she's also led several internal initiatives to use DeepMind's research for consumer applications, including several partnerships to bring AI education to schools. But DeepMind's foundational research remains a key focus of investment for Ibrahim and the company. See Business Insider's full AI Power List

Persons: DeepMind, Ibrahim, she's Organizations: Google

☆ Industrial AI play Dover falls on a noisy quarter. Here's why we'd buy the dip
▼ + stars: | 2024-10-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing. That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered. To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV. Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.

Persons: We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz Organizations: IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club Locations: Dover, Veralto, Europe

☆ Biden makes clear AI can’t launch nukes as he looks to harness new technology’s power
▼ + stars: | 2024-10-24 | by ( Kevin Liptak | ) edition.cnn.com time to read: +3 min

The new national security memorandum, issued in the final months of Biden’s term, seeks to strike a balance between deploying AI’s powerful potential with protecting against some of its fearsome possibilities. For example, the document prohibits use of AI to skirt existing protocols around deploying nuclear weapons. Revealing the new parameters during a speech at the National War College, Biden’s national security adviser Jake Sullivan framed the stakes of managing the rise of AI. Biden administration officials believe rapidly developing AI tools will set off new competition between world powers. While largely developed in the United States, countries like China are swiftly applying the technology in military and civilian settings.

Persons: Joe Biden, Biden, Jake Sullivan, ” Sullivan, It’s, Donald Trump, Kamala Harris, ” Organizations: Washington CNN, National War College, US Locations: China, London, United States, Beijing

☆ US attack submarine crew picks up top award for 'demanding' spy operations
▼ + stars: | 2024-10-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

The USS Washington submarine was awarded the Presidential Unit Citation after a series of secret intel operations. The PUC is the highest unit award in the US Department of Defense. AdvertisementA US attack submarine crew was honored with a top award after running "demanding" secret intelligence-gathering missions. The crew's recent deployment involved "three demanding missions vital to national security that resulted in obtaining sensitive and unique intelligence information," the Navy said. The Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp.

Persons: —, Timothy Poe, Joe Biden, Ace Foster, Rob Gaucher Organizations: USS, intel, PUC, US Department of Defense, Service, Sixth, Submarine Forces Atlantic, Navy, Camp, US Navy, Ace, Department of Defense, Submarine Forces, Huntington Ingalls Industries, General Dynamics ' Locations: USS Washington, Virginia, Russia, Europe, Africa, Washington, Indiana, Beaufort, III Virginia

☆ Here are Oppenheimer's best stock ideas heading into November
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Looking ahead to November, Oppenheimer has updated its top stock ideas list, which features additions such as CarMax , Mastercard and Atlassian . He has an outperform rating on the stock, and his price target implies nearly 26% upside from Wednesday's close. Analyst Ittai Kidron has an outperform rating on the stock, and his $230 target reflects nearly 22% upside, as of Wednesday's close. That implies more than 15% upside from Wednesday's close. Evercore ISI also added Broadcom to its top chip stock picks ahead of its earnings report later in the year.

Persons: Oppenheimer, Michael Wiederhorn, Cigna, Ittai Kidron, Kidron, Atlassian, Morgan Stanley, Rick Schafer, Schafer, Hock Tan Organizations: Dow Jones, Nasdaq, Mastercard, Dick's Sporting Goods, Bloomberg, Humana, Bloomberg News, Broadcom, ISI

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