DIRS.INFO The most relevant business & tech news

☆ September Monthly Meeting: Cramer reveals his outlook for stocks for the end of 2024
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

September Monthly Meeting: Cramer reveals his outlook for stocks for the end of 2024The market has been tough on tech stocks lately, but investors must be in the great secular growth stories. Jim and Jeff Marks explain why and update their positions on every name in the portfolio.

Persons: Cramer, Jim, Jeff Marks

☆ General Mills sells North American yogurt operations in $2 billion deal to focus on stronger brands
▼ + stars: | 2024-09-12 | by ( ) edition.cnn.com time to read: +2 min

CNN —General Mills will sell its North American yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday. Reuters reported in April that General Mills was working with investment bank JPMorgan Chase to attract interest from potential buyers for the business, which houses brands such as Yoplait and Liberté. The North American yogurt business contributed about $1.5 billion to General Mills’ fiscal 2024 net sales. Bloomberg News earlier on Thursday reported that General Mills was in talks to sell the North America yogurt operations to Groupe Lactalis and Sodiaal. In 2021, General Mills sold the European operations of Yoplait to Sodiaal.

Persons: Mills, Lactalis, Sodiaal, Jeff Harmening, Yoplait, General Mills Organizations: CNN, Groupe Lactalis, Canadian, Reuters, JPMorgan Chase, Bloomberg, General, PAI Partners Locations: U.S, Valley , Minnesota, North America, Yoplait, Sodiaal

☆ Women are demanding better menopause care. Online platforms are heeding the call.
▼ + stars: | 2024-09-12 | by ( Heather Lindsey | ) www.businessinsider.com time to read: +9 min

Online platforms reflect a growing demand for menopause care like hormone-replacement therapy. These studies aim to develop a better understanding of women's menopause symptoms like depression, insomnia, and hot flashes, with the goal of developing more helpful treatments. To further address the need for perimenopause and menopause research and medical care, Congress introduced in May the bipartisan Advancing Menopause Care and Mid-Life Women's Health Act. After roughly a year of treatment for her menopause symptoms, Miller is flourishing. "I'm getting my doctorate in higher educational administration, and I would have never been able to navigate such an enormous responsibility without menopause care," Miller said.

Persons: —, Jodi Miller, Miller, Dr, Mary Jane Minkin, Minkin, Neel Shah, Shah, palpitations, Joanna Strober, Midi, Strober, it's, Joe Biden, I'm Organizations: Healthcare, Service, OB, Yale School of Medicine, Health, View Research, Maven Clinic, Health's, women's, National Institutes of Health, Health Initiative, Education, Labor, Pensions, US Locations: Rochester , New York, midlife, India

☆ These mid-tier brands are winning in fashion while luxury struggles
▼ + stars: | 2024-09-12 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewTanking share prices, excess stock flooding outlets, a slowdown in once-reliable China: 2024 has been a tough year for luxury brands. AdvertisementTo find relief from high luxury prices, those consumers are turning to midlevel brands like clothing store Zara and jewelry brand Pandora, which are thriving. "It is acceptable for people to buy accessories with luxury brands and then buy apparel at Zara." Advertisement"With these other product ranges apart from charms, they think they are benefiting from the downtrading of consumers," Sokolova said. The trick for both Zara and Pandora will be maintaining their appeal when aspirational consumers can once again spend on luxury.

Persons: —, Gucci, Claire Tassin, Tassin, Levato, Kering, Louis Vuitton, LVMH, TK, Jelena Sokolova, Michael Kors, Zara, Pandora, it's, Sokolova, It's, Pamela Anderson, Tiffany Organizations: Service, Business, Morning, Brands, Bain & Company, Gucci, Morningstar, Cartier Locations: China, Spanish, Danish, Paris, Morocco, Portugal, Turkey, Europe, Zara

☆ Applying to jobs is tough, try doing it 2,200 times
▼ + stars: | 2024-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, this guy is ready to give up after applying to nearly 2,200 jobs . The big storyNot hiringKevin Cash Ben BoxerHow tough is the current job market? AdvertisementThe job market is in a weird spot these days. On paper — and maybe in another labor market — Kevin appears to be the perfect candidate. It's a tough reality check for employees who previously held all the power in the job market.

Persons: —, Zer, Kevin Cash Ben Boxer, Kevin Cash, Tim Paradis, Kevin, it's, Forget, Tyler Le, we're, duMond, Chip Somodevilla, Alyssa Powell, Harris, Rebecca Zisser, Elon, Apple, Jensen, Goldman Sachs, David Soloman, Huang, Chelsea Jia Feng, Trump, Brian Niccol, We're, Niccol, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Mensa, BI Trump, Oppenheimer, Fed, Twitter, Nvidia, Kroger, London Locations: San Francisco, Austin, New York, London

☆ Why MrBeast could face big business problems and become 'BuzzFeed 2.0,' according to a prominent VC
▼ + stars: | 2024-09-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

You spot an entrepreneur who built a massive audience on social media by posting attention-grabbing content after studying algorithms and trends. Sounds like YouTube's top creator MrBeast (Jimmy Donaldson), right? It also sounds a bit like BuzzFeed cofounder Jonah Peretti, says Sam Lessin, general partner at the VC firm Slow Ventures. Both built large followings on social media by posting viral, general-interest content, Lessin said. "BuzzFeed was wrong to believe that you could growth hack your way to a valuable audience, and that audience, if it was really big, would be really valuable," Lessin said.

Persons: —, They've, MrBeast, Jimmy Donaldson, Jonah Peretti, Sam Lessin, Lessin, BuzzFeed, it's, It's, He's, Rex Woodbury, they're Organizations: Service, VC, Slow Ventures, Business, YouTube, Facebook

Here's a rapid-fire update on all 32 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. AMD shares have caught a bid in recent days, but they're still cheap considering the growth of its AI processors. Broadcom : Investors who don't own any Broadcom yet should consider starting a position here, Jim said. Although it's tempting to offload shares, Jim said to stick with Honeywell for now because there's huge value in individual businesses like aerospace. There's little negative to say about this portfolio stock.

Persons: Jim Cramer's, Jim, Apple, haven't, it's, that's, he'll, Bob Iger, Bob Chapek, Larry Ellison, Biogen, Eli Lilly, Lowe's, Vimal Kapur, We'd, Linde, Lilly, Morgan Stanley, Goldman Sachs, It's, Jensen Huang, Kamala Harris, Republican Donald Trump, CrowdStrike, Palo, — we're, we're, Brian Niccol, Sands, Stanley Black, Decker, Wells, Charlie Scharf's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Abbott Laboratories, Abbott Labs, AMD, Amazon, Web, Broadcom, VMWare, Federal Reserve, Costco Wholesale, Coterra, DuPont, New York Times, Oracle, GE Healthcare, GE, Honeywell, Linde, Microsoft, Nvidia, Republican, Palo Alto Networks, Palo, Procter & Gamble, Procter, Gamble, Constellation Brands, Modelo, Stanley, TJX, Marshalls, Jim Cramer's Charitable, Traders, New York Stock Exchange, AFP, Getty Locations: Nvidia's, San Francisco, China, Dover, United States, industrials, OpenAI, Palo Alto, Wells Fargo

☆ Harris or Trump: Does it matter for China who wins the election?
▼ + stars: | 2024-09-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Casanova's view is shared by other experts who have said that both the Republican and the Democratic presidential nominees — Donald Trump and Kamala Harris — will remain tough on China. U.S. trade ties with China will remain tense no matter who wins the election in November, according to Carlos Casanova, senior economist at Swiss private bank UBP. Stronger tariffs by Harris cannot be ruled out either, given Biden not only retained Trump's tariffs, he piled on more. During the debate, Harris did not give specifics on her China policy, but said that "a policy about China should be in making sure the United States of America wins the competition for the 21st century." So it doesn't matter who wins the election," Casanova told CNBC's "Squawk Box Asia."

Persons: Donald Trump, Kamala Harris —, Carlos Casanova, Trump, Harris, Eswar Prasad, Biden, Casanova, CNBC's, Janet Yellen, Yellen, Marko Papic, it's Organizations: Republican, Democratic, CNBC, U.S, Cornell University, America, BCA Research Locations: Yantai, China, China . U.S, Swiss, U.S, United States, Europe, Beijing

A golden cross is a chart pattern in which a stock's 50-day moving average moves above its 200-day average. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18.

Persons: paring, Cardinal Health's Organizations: Dow Jones, Nasdaq, CNBC Pro, Health, Holdings, MarketAxess Holdings, SBA Communications SBA Communications, SBA Locations: Wednesday's

☆ Mortgage rates fall to lowest level since February 2023
▼ + stars: | 2024-09-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market. The standard, 30-year fixed-rate mortgage averaged 6.20% in the week ended September 12, mortgage financing giant Freddie Mac said Thursday. Mortgage rates started to drop early last month on news affirming lower interest rates in the future, specifically after a weaker-than-expected jobs report for July, and have gradually edged lower since. “Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,” Sam Khater, Freddie Mac’s chief economist, said in a release. The Fed doesn’t directly set mortgage rates, but its action do influence them through movements in bond yields.

Persons: Freddie Mac, ” Sam Khater, Freddie Mac’s, that’s, Lawrence Yun Organizations: Washington CNN —, “, Federal Reserve, Treasury, Las, P Global, Apple, Fed, National Association of Realtors Locations: New York City, San Diego, Las Vegas, America, Los Angeles, Miami

☆ I was 10 weeks pregnant and went on a world cruise. Here's why I'd recommend it.
▼ + stars: | 2024-09-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Kim Budlong, a 40-year-old resident of Lancaster, South Carolina, who went on a world cruise while 10 weeks pregnant. Last year, around the end of March, my husband and I began to make plans to go on the Royal Caribbean Ultimate World Cruise, which has a segment that journeys to the Americas and Antarctica. The Americas segment of the Ultimate World Cruise is 64 nights, but cruises generally have a policy that bars passengers about 23 weeks pregnant or approaching the third trimester. By the time the cruise started, I'd be 10 weeks pregnant. AdvertisementBut, in the end, I would say that going on a cruise while pregnant has my stamp of approval.

Persons: —, Kim Budlong, I'd, There's, there's, you've, would've Organizations: Service, Royal, Business Locations: Lancaster , South Carolina, Americas, Antarctica, Miami, Caribbean, Buenos Aires, Rio de Janeiro, England

☆ Big returns will come from small-caps while the Fed cuts rates, says Goldman's Ashish Shah
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig returns will come from small-caps while the Fed cuts rates, says Goldman's Ashish ShahAshish Shah, Goldman Sachs CIO of public investing, joins 'Squawk Box' to discuss Shah's prediction for the Federal Reserve next week, the opportunity ahead for investors, and the tough part of buying small-cap stocks.

Persons: Goldman's Ashish Shah Ashish Shah, Goldman Sachs Organizations: Federal Reserve

☆ I quit BlackRock after slogging my way to VP in 7 years. I have no regrets.
▼ + stars: | 2024-09-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

I remembered meeting up with friends who didn't work in the industry. AdvertisementLeaving BlackRock for the startup worldI took an 80% pay cut when I quit my job at BlackRock to join Style Theory, a fashion rental startup. Ong took an 80% pay cut when she left BlackRock for Style Theory. One thing that Style Theory offered me was the huge amount of autonomy I had as an employee. After leaving Style Theory, I moved to Singapore just a few months before the COVID-19 pandemic hit.

Persons: —, Jennifer Ong, BlackRock, Ong, Jennifer, I'd Organizations: Service, BlackRock, Business Locations: Singapore

☆ Why Elon Musk Is Really Taking Twitter Out of San Francisco
▼ + stars: | 2024-09-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.

Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland

☆ Lael Wilcox becomes fastest woman to cycle around the world
▼ + stars: | 2024-09-12 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —American Lael Wilcox has broken the world record for the fastest woman to cycle around the world, traversing 21 countries and 18,125 miles in three and a half months. “I had so much fun — felt like I could’ve just kept riding forever,” said Wilcox on Instagram following the conclusion of her journey. The 38-year-old Alaskan is an experienced ultra-endurance cyclist, having become the first woman and first American to win the TransAm, a 4,200-mile race across the US, in 2016. For her around-the-world record attempt, Wilcox began in Chicago before cycling to New York. From hometown Anchorage, Wilcox cycled south to Los Angeles, before finishing along Route 66 to Chicago.

Persons: Lael Wilcox, – Wilcox, Jenny Graham, “, ”, Wilcox, Sam Wasson, Rugile Kaladyte, Vedangi Kulkarni Organizations: CNN, Cycling, Guinness, Sipa, AP Locations: Chicago, Scottish, Instagram, American, New York, Portugal, Netherlands, Germany, Balkans, Turkey, Georgia, Perth, Australia, Brisbane, New Zealand, North America, Anchorage, Wilcox, Los Angeles, Glorieta , New Mexico

☆ Fast food chains in 'tough position' if all they have going for themselves is price: Fmr. Panera CEO
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFast food chains in 'tough position' if all they have going for themselves is price: Fmr. Panera CEORon Shaich, Former Panera Bread CEO and CAVA chairman, joins 'Closing Bell Overtime' to talk McDonald's expanding its $5 meal deal, more chains rolling out value meals, Brian Niccol's approach to Starbucks and more.

Persons: Ron Shaich, Brian Niccol's

Following Donald Trump’s lead, Johnson has tied a six-month funding bill to the SAVE Act, which would overhaul voting laws to require people to show proof of citizenship when registering to vote. Senate Majority Leader Chuck Schumer, D-N.Y., Democrats and some Republicans are pushing for a “clean” funding bill that would keep the government open until December, after the election. The government will shut down at 12:01 a.m. on Oct. 1 unless Republicans and Democrats strike a deal to extend funding. Because of their miniscule majority, House Republicans can only afford four GOP defections if all lawmakers vote. “I’m a firm NO on bankrupting the nation and a YES on election integrity,” Mills said.

Persons: Mike Johnson’s, Donald Trump’s, Johnson, Chuck Schumer, Joe Wilson, Cory Mills, Jim Banks, Matt Rosendale, Andy Biggs of, Tim Burchett, “ I’ve, ” Burchett, ” Mills, Trump, don’t Organizations: WASHINGTON, SAVE, Democrats, Republicans, GOP, CRs, Armed Services, Foreign Affairs Locations: Cory Mills of Florida, Jim Banks of Indiana, Matt Rosendale of Montana, Andy Biggs of Arizona, Tennessee, ”, China

Harris is expected to attend a service at the Memorial plaza at ground zero in New York City, as is Trump, according to a source familiar with his plans. Harris and Biden — and Trump — will then travel to Shanksville, Pennsylvania, home of the Flight 93 memorial. Tim Walz, is expected to commemorate the 9/11 anniversary in his home state. In 2016, Trump and former Secretary of State Hillary Clinton attended a 15th anniversary service, but Clinton departed abruptly and appeared unsteady as she left. Trump, a New York native, did not attend the memorial in 2021, making stops instead at a police station and a firehouse.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karine Jean, Pierre said Biden, Biden —, Trump, Biden, Tim Walz, Hillary Clinton, Clinton, ” Harris, “ Organizations: Pentagon, Minnesota Gov, Democratic, Air Force Locations: New York City, Shanksville , Pennsylvania, Shanksville, York, Asia, Alaska, New York

PHILADELPHIA — Former President Donald Trump found out Tuesday night that he's got a much tougher rival on his hands now. Harris, eager to portray herself as different from both Trump and Biden, reminded him that Biden won't be on the ballot. Trump said Harris has had 3½ years to make the changes she promises to make and argued the Biden-Harris administration squandered progress Trump gave them. Trump and Harris also clashed over the 2020 election, with Trump again falsely claiming that he won. Throughout the debate, Harris needled Trump in ways that undermined his self-image as a popular, strong leader whom American’s adversaries fear.

Persons: Donald Trump, he's, Kamala Harris, Joe Biden, Trump, bristled, Laura Ingraham, Harris, —, ”, “ Trump, Ohio — Trump, Biden, doesn't, “ You’re, You’re, MAGA, ” Harris, Tim Walz, We’re, Sen, JD Vance, Roe, Wade, didn’t, Hannibal Lecter, don’t, “, Chris Christie, Trump “, Christie, Harris needled Trump, Viktor Orbán, He’s, Smart, ” Trump Organizations: PHILADELPHIA, Democratic, Fox News, Trump, ABC, Biden, Former New Jersey Gov, Republican Locations: Ohio, Hungary

☆ Inside the media circus that still surrounds America's presidential debates
▼ + stars: | 2024-09-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

Related storiesThe media center, set in a cavernous convention center hall the size of a football field, could have been anywhere. Shapiro finishing an interview with CNN in the spin room. Rep. Robert Garcia in the spin room. And most of us understand that the spin room is a manifestation of the unholy mixture of news and entertainment that's often inescapable as a national reporter. If you care what Anthony Scaramucci has to say about anything, as the Harris campaign apparently thinks you might, then he's on hand.

Persons: Doug Burgum, Donald Trump's, Burgum, Kamala Harris, It's, Trump, Harris, Bryan Dozier, —, Ronald Reagan's, Robert F, Kennedy Jr, Josh Shapiro, Shapiro, Chip Somodevilla, it's, We're, Robert Garcia, Joe Biden's, Garcia, Matt Slocum, surrogates, Matt Gaetz, Donald Trump, Vivek Ramaswamy, Lindsey Graham of, Anthony Scaramucci, Khizr Khan, Ramaswamy, Sean Hannity, Lindsey Graham, Tim Scott of, Kevin Dietsch Organizations: Service, Pennsylvania Convention Center, GOP, Variety, Pennsylvania Convention, Getty, National Constitution, CNN, Twitter, AP, Star, Democratic, Fox News, Trump Locations: California, Pennsylvania, Florida, Sen, Lindsey Graham of South Carolina, Sens, Tim Scott of South Carolina

The best iPhone 16 Pro Max cases offer rugged protection against drop damage and dynamic, visually appealing designs. AdvertisementWill an iPhone 15 Pro Max case fit an iPhone 16 Pro Max? A case meant for the iPhone 15 Pro Max will not fit the iPhone 16 Pro Max, and vice versa, due to the new model's significantly larger display. Unlike the 6.7-inch display on the iPhone 15 Pro Max, the iPhone 16 Pro Max's display is 6.9 inches. See our guide to the best iPhone 15 Pro Max cases to equip the previous model.

Persons: we've, Max, it's Organizations: Max, Apple, Business Locations: kickstands

☆ I moved from Dubai to the US as a British expat. It's been tough to adjust to credit scores, groceries, and guns the American way.
▼ + stars: | 2024-09-11 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on an interview with Karen Osman, a 45-year-old author based in New York City. We knew we'd have more stability if we moved to New York City. Three months later, we were living in New York City. Apartments in New York City are more expensive than in Dubai. New York City is a writer's paradise.

Persons: —, Karen Osman, it'd, we've, I've Organizations: Service, UAE, Business, Facebook, Social, New, American Museum of, Dubai Locations: New York City, Dubai, We'd, Dubai Marina, New York, UAE, London, Central, Europe

☆ Financials have been on fire lately. These stocks are expected to fly higher from here
▼ + stars: | 2024-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It's also jumped 7% during the third quarter, outperforming the S & P 500's 0.3% increase. The S & P 500 and the Nasdaq Composite are both down more than 2% in September. KKR YTD mountain KKR stock.

Persons: It's, Wells Fargo, Nicholas Watts, there's, Matt O'Connor Organizations: Nasdaq, CNBC, Stock, KKR, Atlantic, Global, LSEG, Deutsche Bank, Bank of America, Deutsche, Berkshire Hathaway Locations: U.S, financials, Wells Fargo, Berkshire

☆ CNBC Daily Open: Lower rates might hurt banks
▼ + stars: | 2024-09-11 | 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. Tough environment for European companiesChina's environment for businesses is so thorny that European companies have grown discouraged with operating in the country, according to the EU Chamber of Commerce. If European companies were to invest in China further, Beijing must act on its pledges to improve the business conditions, the chamber's paper wrote. CNBC Pro looked for companies headquartered overseas, but listed in the U.S. – and may experience over 100% upside, according to analysts.

Persons: Morgan, Dow, First Harris, Kamala Harris, Donald Trump, Taylor Swift, Harris, Cat Lady Organizations: Canary, CNBC, Nasdaq, Japan's Nikkei, U.S ., Trump, EU Chamber of Commerce, Federal Reserve Locations: Wharf, London, United Kingdom, Asia, Pacific, fracking, China, Instagram, Beijing, U.S

☆ This government-backed startup is growing blood to help fight shortages
▼ + stars: | 2024-09-11 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Last month, the American Red Cross declared an emergency blood shortage after its national supply fell by more than 25% in July. Shortages can be dire for patients since doctors have to make tough decisions about who needs blood transfusions the most. McConnell is CEO of a four-year-old startup called Safi Biotherapeutics, which is working to manufacture inexpensive red blood cells at scale. Scientists have already discovered how to grow red blood cells from stem cells, but it's a costly and complex process that typically yields small amounts at a time. Safi's goal is to build on these advancements and produce large quantities of blood that could eventually be used commercially to help care for patients and avoid blood shortages.

Persons: Doug McConnell, McConnell, Safi Organizations: Red Cross, Cross, U.S, Safi, CNBC, U.S . Department of Defense, J2 Ventures, U.S . Food, Drug Administration, FDA Locations: U.S

Search resuls for: "Tough"

25 mentions found