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☆ Illumina CEO Francis DeSouza resigns after battle with Icahn
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

June 11 (Reuters) - Illumina (ILMN.O) Chief Executive Officer Francis DeSouza stepped down on Sunday, the gene-sequencing machine maker said in a statement, ending a battle with activist investor Carl Icahn in which the company's chairman left the company earlier this year. Illumina said it named Senior Vice President and General Counsel Charles Dadswell as interim CEO. Icahn in a tweet said he is happy with the recent changes at Illumina and considers them a "very positive occurrence." Icahn has said he wants former Illumina CEO Jay Flatley to return. Vicki Hollub, for instance, remains Occidental Petroleum's (OXY.N) CEO after the company cut a deal with Icahn over board seats in 2020 and after Icahn cashed out two years later.

Persons: Francis DeSouza, Carl Icahn, Illumina, Charles Dadswell, DeSouza, Icahn, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Anirban Sen, Jason Neely, Jan Harvey, Mark Porter Organizations: LinkedIn, Unilever, U.S . Federal Trade Commission, Thomson Locations: Occidental, Bengaluru, New York

☆ Teens can cash in on summer jobs and expect to be paid more as employers scramble to fill openings this year
▼ + stars: | 2023-06-11 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +3 min

There were 10 million job openings in April, many in sectors ripe for teen employment. Teens in typical summer jobs like lifeguards, camp counselors, waiters, and retail workers should see raises this year. Summer job openings are slightly less than last year, according to Indeed. But overall, summer jobs have positive benefits for teens and the economy, according to the Rhode Island College report. "Teen employment is highly path-dependent — the more teens work today, the more likely they will work tomorrow," the report said.

Persons: —, Paul Harrington, Harrington Organizations: Service, Privacy, Employers, Rhode Island College, Wall Street, New York Times, Times, Bureau of Labor Statistics, Rhode Island

☆ Brands like Sony and Chipotle want to make Hollywood-style content for film and TV, and these advertising pioneers have built a startup to get their messages out
▼ + stars: | 2023-06-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

That belief has taken him from famed ad agency Wieden + Kennedy to talent agency CAA, where he set up its first marketing consultancy. The firm pitches itself as part management consultancy, part brand entertainment production company, and part consumer brand accelerator. "If a great sports movie happens to come from Nike, it's still great entertainment," Goodman said. "If a great sports movie happens to come from Nike, it's still great entertainment," Goodman said. One thing Goodman and Kaplan are not trying to do is compete with brands' ad agency budgets.

Persons: Jae Goodman, John Kaplan, It's, Gibson, Kennedy, Goodman, Chipotle, Stephanie Perdue, Jay, Kaplan, —, Michael Kassan's, Anheuser, it's, Superconnector, it'll Organizations: Superconnector Studios, Sony, CAA, Observatory, Entertainment, Hollywood, HBO Max, Netflix, Procter & Gamble, Imagine Entertainment, Delirio Studios, MTV Documentary, Paramount, HBO, Apple, Management, Sony Pictures Television, McKinsey, Accenture —, Anheuser Busch, InBev, Gibson, Nike, Talent Locations: LA

☆ Paris Diamond League: Two world records broken at an astonishing track and field meet
▼ + stars: | 2023-06-11 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

A week after breaking the women’s 1,500m world record, Kenya’s Faith Kipyegon put her name in the record books again, this time setting a world record in the women’s 5,000m at the Diamond League meet at Stade Charlety. “I didn’t think about the world record, I don’t know how I made it,” Kipyegon, who fell onto the track after the race, exhausted and emotional, said, per World Athletics. When I saw that it was a world record, I was so surprised – I just wanted to improve on my PB, the world record was not my plan. “The world record is not a surprise. World and Olympic champion Ingebrigtsen set a world best 7:54.10, telling reporters afterwards: “Being able to break this mark feels amazing.”“It is my first world best outdoors.

Persons: Kipyegon, Letesenbet Gidey, “, ” Kipyegon, –, Gidey, ”, Ethiopia’s, Qatar’s Saif Saaeed Shaheen, Ethiopia's, Girma, Jeff Pachoud, Norway’s Jakob Ingebrigtsen, Ingebrigtsen Organizations: CNN, Diamond League, Stade Charlety, Athletics, ” Records, Getty Locations: Paris, AFP

☆ Trump set to deliver fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +7 min

"In the end, they're not coming after me, they're coming after you -- and I'm just standing in their way," Trump will say, according to his prepared remarks. The indictment alleges Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. "The weaponization of federal law enforcement represents a mortal threat to a free society," Florida Gov. He said the details of the Trump indictment is "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, Jack Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Kemp, Raffensperger, Burt Jones, Biden, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Georgia Republican, Columbus Convention, Trade Center, America, FBI, DNC, Trump, Republican, Fox News, Gov, Arizona, Georgia Republicans, National Rifle Association, Department, Justice, New, Republicans, Department of Justice, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, State, Miami, Florida, New Jersey, America, New York, Iowa

☆ Trump delivers fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +8 min

They're coming after you — and I'm just standing in their way," Trump said. The indictment alleged that Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. Another person in attendance was the conservative Trump ally Rep. Marjorie Taylor, R-Ga., whom the former president brought onstage for brief remarks. He said the details of the Trump indictment were "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, They're, Biden, Jack Smith, Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Raffensperger, Kemp, Burt Jones, Marjorie Taylor, —, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Biden administration's weaponized Department, Injustice, Georgia Republican, Columbus Convention, Trade Center, Trump, Justice Department, FBI, DNC, Republican, Fox News Saturday, Gov, Army, Arizona, Georgia Republicans, National Rifle Association, New, Republicans, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, Miami, Florida, New Jersey, America, New York, Iowa

We'll also guide you step-by-step on how to use a VPN to watch UFC 289 no matter where you are. How to watch UFC 289 in the USUS viewers can watch the main event of UFC 289 on ESPN+ tonight at 10 p.m. In Canada, UFC 289 will be available as a pay-per-view though several TV providers as well as directly via UFC Fight Pass. Here's the fight card for UFC 289: Nunes vs. AldanaESPNEarly Prelims — 7 p.m. ET on UFC Fight PassDavid Dvorak vs. Stephen Erceg (Flyweight)Diana Belbita vs. Maria Oliveira (Women's strawweight)Prelims — 8 p.m.

Persons: Amanda Nunes, Irene Aldana, We'll, Miesha, Julianna Peña, Nunes, Peña, ExpressVPN, Aldana, David Dvorak, Stephen Erceg, Diana Belbita, Maria Oliveira, Women's, Chris Curtis, Miranda Maverick, Jasmine Jasudavicius, Aiemann, Kyle Nelson, Blake Bilder, Charles Oliveira, Beneil, Mike Malott, Adam Fugitt, Dan, Nate Landwehr, Marc, Andre Barriault, Eryk Anders Organizations: UFC, Rogers Arena, ESPN, BT, Miesha Tate, Amazon, Apple, PlayStation, Samsung, BT Sport, Express, Aldana ESPN Locations: Vancouver, Canada

So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.

Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, —, B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S

☆ German media group Axel Springer eyes AI acquisitions
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 9 (Reuters) - German media giant Axel Springer will establish a dedicated mergers-and-acquisitions team to look at firms specialising in artificial intelligence, CEO Matthias Doepfner said in an internal podcast to employees obtained by Reuters. The M&A competence centre "needs to entirely focus on acquisitions - early-stage acquisitions or later-stage acquisitions in AI companies - that can be, for various reasons, important or attractive for Axel Springer," Doepfner said. But the strategy could also turn up Axel Springer's next StepStone, he added. If the market environment improves, Axel Springer aims to go public with StepStone, a popular online jobs portal, this year. Doepfner said he is particularly interested in AI technology that seeks to disrupt Axel Springer's business models of advertising, e-commerce and journalism.

Persons: Axel Springer, Matthias Doepfner, Doepfner, Axel Springer's, Klaus Lauer, Rachel More, Miranda Murray Organizations: Reuters, Thomson Locations: BERLIN

☆ DeSantis responds to 2nd Trump indictment by promising to 'end weaponization' of DOJ if elected president
▼ + stars: | 2023-06-09 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

DeSantis came to the defense of Trump, his top 2024 rival, after news of the federal indictment. Ron DeSantis promised Thursday evening that if elected president he would overhaul the US Department of Justice in response to news that former President Donald Trump was indicted. With the indictment, Trump became the first former president in US history to face federal criminal charges. The DeSantis administration will bring accountability to the DOJ, excise political bias, and end weaponization once and for all." DeSantis didn't say whether he would pardon Trump if elected, as 2024 challenger and entrepreneur Vivek Ramaswamy did.

Persons: DeSantis, Trump, —, Ron DeSantis, Donald Trump, Hunter, Asa Hutchinson, Hillary Clinton's, Joe Biden, Hunter Biden, Vivek Ramaswamy Organizations: of Justice, Service, Gov, US Department of Justice, Twitter, Biden, Trump, DOJ, Democratic, Fox News, Burisma Holdings, FBI, White, Truth, Fox News Digital Locations: Florida, Arkansas, Trump's, Palm Beach , Florida, Miami

[1/3] Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. REUTERS/Brian SnyderWASHINGTON, June 9 (Reuters) - The indictment of former President Donald Trump on multiple charges related to his handling of classified documents on Thursday has thrust the Justice Department back into the center of the Republican presidential primary campaign. In a video posted on his Truth Social platform on Thursday, he reiterated previous assertions that the Justice Department has been weaponized for political ends. But he has shied away from promoting more aggressive reforms at the Justice Department. In a statement on Thursday night, he lambasted the Justice Department, calling it part of a "federal police state."

Persons: Donald Trump, Brian Snyder WASHINGTON, Joe Biden, DONALD TRUMP Trump, RON DESANTIS, Ron DeSantis, Christopher Wray, MIKE, Mike Pence, NIKKI HALEY Nikki Haley, Trump, Tim Scott, Wray, VIVEK RAMASWAMY, Vivek Ramaswamy, Asa Hutchinson, Gram Slattery, Alistair Bell Organizations: U.S, Republican, REUTERS, Department, Federal Bureau of Investigation, Justice Department, DOJ, Trump, Justice, UN, FBI, SCOTT South, Department of Justice, Fox News, ASA HUTCHINSON Former Arkansas, Thomson Locations: Manchester , New Hampshire, U.S, Florida, Washington, New York, RON DESANTIS Florida, SCOTT South Carolina

☆ Australia recession risk heightens after RBA warns of bumpy path to low inflation
▼ + stars: | 2023-06-09 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

For a year, Reserve Bank of Australia Governor Philip Lowe has been talking of successfully navigating a narrow path to lower inflation while keeping unemployment near 50-year lows. He expects quarterly growth to average just a 0.1% over the next four quarters, with a 50% chance that the economy would enter a recession. Jonathan Kearns, chief economist at investment firm Challenger and a former RBA executive, says the risk of trying to hold on to job gains was that higher inflation expectations hardened and kept the actual inflation rate high. And pushing rates higher is increasing the chance that Australia goes into a recession," said Kearns, who headed the RBA's domestic markets department until earlier this year. A survey of union officials cited by Lowe showed that medium-term inflation expectations have risen to a 3-4% range.

Persons: Philip Lowe, Lowe, Paul Bloxham, HSBC's, Bloxham, Jonathan Kearns, Kearns, Ivan Colhoun, Stella Qiu, Shri Navaratnam Organizations: CBA, HSBC, SYDNEY, Reserve Bank of Australia, Global Commodities, Commonwealth Bank of Australia, Challenger, National Australia Bank, Thomson Locations: Australia, New Zealand

Behind the US, we’re the next largest contributor to the effort to support Ukraine. US President Joe Biden and British Prime Minister Rishi Sunak hold a joint-press conference in the East Room of the White House in Washington, DC. Under former Prime Minister Boris Johnson, the UK pushed European and other Western allies to supply Ukraine with lethal defense systems and tanks. In his news conference on Thursday, Biden also said he was confident that Congress would continue providing support for Ukraine. “The fact of the matter is that I believe we’ll have the funding necessary to support Ukraine as long as it takes,” Biden said.

Persons: Joe Biden, Donald Trump, Ron DeSantis, CNN’s Kaitlan Collins, Rishi Sunak, ” Sunak, Blair, Biden, “, ”, Trump, Sunak, Andrew Caballero, Reynolds, Boris Johnson, Volodymyr Zelensky, Johnson, ” Biden Organizations: CNN —, GOP, Russia, Florida Gov, CNN, NATO, British, White, Getty, Ukraine Locations: CNN — Ukraine, Ukraine, British, America, Washington , DC, AFP, United States, Kyiv, Russia, Nova

☆ Rio Waida: He grew up with the world's best waves but pioneering Indonesian found surfing success the hard way
▼ + stars: | 2023-06-07 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

Aaron Hughes/World Surf LeagueDespite Indonesia’s reputation as an iconic surf destination, Waida is the first person from the southeast Asian country to compete on the Championship Tour. “In Indo, we have the best waves and every day is good waves. I lost a lot before I qualified [for the Championship Tour]. However, disappointing results in Australia at the Rip Curl Pro and the Margaret River Pro saw Waida drop down the rankings. It’s tough, surfing against the best surfers … I have to give everything, there’s no easy road.

Persons: Rio, Waida, ”, “, Kelly Slater, Mick Fanning –, Aaron Hughes, I’ve, ” Waida, Slater, Gabriel Medina, John John Florence, Lisi Niesner, Curl, Margaret River, He’s, …, Brent Bielmann, Waida prioritizes Organizations: CNN, Olympics, Surf, Waida, Indonesia –, Tokyo, Paris, Reuters, Billabong Pro Pipeline, Curl Pro, City El Salvador Pro Locations: Indonesian, Bali, Indonesia, California, Europe, Japan, Australia, Brazil, United States, Hawaii, Curl Pro Portugal, Oahu

☆ The case for a 2023 US recession is crumbling
▼ + stars: | 2023-06-05 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy. But the case for a 2023 US recession is crumbling for a simple reason: America’s jobs market is way too strong. Zandi is growing more confident that 2023 won’t be the year when a downturn will begin. “We’re running out of time for a 2023 recession,” Justin Wolfers, an economics professor at the University of Michigan, told CNN. Friday’s jobs report did offer some conflicting signals, especially in the household survey, which economists put less weight on because it tends to be noisier.

Persons: Mark Zandi, won’t, ” Zandi, “, Justin Wolfers, “ We’ve, payrolls, Wolfers, They’ve, ” Wolfers, ” Macy’s, Zandi, Joe Brusuelas, Morgan Stanley Organizations: New, New York CNN, Federal Reserve, Moody’s, CNN, University of Michigan, Bureau of Labor Statistics, Bank of America, Challenger, RSM Locations: New York, ”

☆ With Robert F. Kennedy Jr. interview, Musk again uses Twitter to promote candidates aligned with his views
▼ + stars: | 2023-06-05 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

On Monday, Musk is set to share an audio chatroom with Robert Kennedy Jr., the anti-vaccine activist and Democratic candidate for president. Instagram’s parent, Meta, has also banned accounts belonging to Kennedy’s anti-vaccine advocacy group. But by putting Kennedy center stage on Twitter, Musk appears poised to promote these views further to his millions of followers. Ron DeSantis, who announced his White House bid with Musk during a Twitter Spaces event last month plagued by technical glitches. That could be the very thing that drives away more moderate candidates from accepting Musk’s “invitation” to appear alongside him.

Persons: Elon Musk, Musk, Robert Kennedy Jr, Kennedy, Anthony Fauci, Instagram, “, Joe Biden, Williamson, Ron DeSantis, Donald Trump, Musk’s Organizations: CNN, Twitter, Democratic, ”, Florida Republican Gov Locations: Nazi Germany, Washington, coronavirus

Mr. Kennedy said he now had “about 50 people” working for his campaign. Instead, he has used his campaign platform — and his famous name — to promote misinformation and ideas that have little traction in his party. Asked during the discussion by David Sacks, a top DeSantis donor who is also close to Mr. Musk, “what happened to the Democratic Party,” Mr. Kennedy spent nine uninterrupted minutes attacking Mr. Biden as a warmonger and claimed that their party was under the control of the pharmaceutical industry. “I think the Democratic Party became the party of war,” Mr. Kennedy said. “I attribute that directly to President Biden.” He added, “He has always been in favor of very bellicose, pugnacious and aggressive foreign policy, and he believes that violence is a legitimate political tool for achieving America’s objectives abroad.”

Persons: “, ”, we’ve, Kennedy, Marianne Williamson, Biden, renominating, David Sacks, ” Mr, Mr Organizations: Democratic, Democratic Party Locations: Mexican, Ukraine, America

☆ 10 Things in Tech: Apple's big metaverse push
▼ + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.

Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai

☆ California law enforcement intercepted a second plane in Sacramento carrying relocated migrants, as DeSantis remains mum about his involvement
▼ + stars: | 2023-06-05 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

A second flight carrying roughly 20 migrants landed in Sacramento on Monday. Monday's revelation comes after 16 migrants from Venezuela and Colombia arrived by plane on Friday and were dropped off at a Catholic church. Ron DeSantis of Florida, who is also a 2024 presidential candidate, has yet to speak publicly about the matter. He and California Attorney General Rob Bonta have already said they think DeSantis is responsible for the flights. On Monday, a sheriff in Texas recommended charges be brought in connection to the Martha's Vineyard flights.

Persons: Ron DeSantis, —, general's, DeSantis, seethe, Charlie Crist, Gavin Newsom, Rob Bonta, Bonta, Karine Jean, Pierre, Newsom, Joe Biden's Organizations: Service, California Department of Justice, Vertol Systems Company, Republican Gov, Democratic, California Gov, Twitter, CNN, White, Democratic Party Locations: Sacramento, Sacramento , California, Florida, California, Venezuela, Colombia, Al Paso , Texas, San Antonio , Texas, Vineyard , Massachusetts, Texas

☆ Elon Musk is set to host anti-vax presidential hopeful Robert F. Kennedy Jr. on Twitter — weeks after Ron DeSantis' campaign launch flopped on the platform
▼ + stars: | 2023-06-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Elon Musk is ready for another conversation with a presidential hopeful. On Monday the billionaire will host anti-vaxxer Robert F. Kennedy Jr. on a Twitter Spaces call. It comes just weeks after Republican candidate Ron DeSantis suffered an embarrassing campaign launch on Twitter. Elon Musk will host outspoken anti-vaxxer Robert F. Kennedy Jr in a virtual call on Twitter as he prepares to take-on President Joe Biden for the Democratic nomination for the 2024 election — weeks after Ron DeSantis' catastrophic campaign launch on the platform. The billionaire Twitter owner will talk to Kennedy — nephew of late president John F. Kennedy — on Monday in a Twitter Spaces event titled "Reclaiming Democracy," marking his second conversation with a presidential candidate on the platform.

Persons: Elon Musk, Robert F, Kennedy Jr, Ron DeSantis, Joe Biden, Kennedy —, John F, Anthony Fauci, Adolf Hitler, Kennedy, Jack Dorsey, Donald Trump, DeSantis, David Saacks Organizations: Republican, Twitter, Democratic, Fox, Florida Gov, Musk

WASHINGTON, June 2 (Reuters) - U.S. President Joe Biden declared a "crisis averted" on Friday in his first address from the White House's Oval Office, touting the passage of a bill to suspend the U.S. debt ceiling and avoid economic catastrophe. JIM WATSON/Pool via REUTERSRepublicans refused to increase the debt ceiling for months, asking Biden and Democrats to cut spending in the 2024 budget in return. The White House asked for a clean debt ceiling deal before starting negotiations. OVAL OFFICE ADDRESSU.S. presidents have generally reserved an address from the Oval Office for the most significant, and dramatic of events: the attacks of Sept. 11, 2001, for example, or the Challenger space shuttle explosion. The White House said Biden was making his remarks there because of the gravity of the situation had the debt ceiling not been raised.

Persons: Joe Biden, Biden, Republican Kevin McCarthy, McCarthy, Donald Trump, JIM WATSON, “, ” Biden, Fitch, Ronald Reagan, George W, Bush, Barack Obama, Jeff Mason, Trevor Hunnicutt, Heather Timmons, Alistair Bell, Diane Craft Organizations: White, Republican, Senate, REUTERS Republicans, Democrat, AAA, Challenger, Union, Capitol, Thomson Locations: Washington , DC, United States, Gulf

WASHINGTON, June 2 (Reuters) - U.S. President Joe Biden declared a "crisis averted" on Friday in his first address from the White House's Oval Office, as he touted the passage of a bill to raise the U.S. debt ceiling and curb spending. [1/5] US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. U.S. presidents have generally reserved an address from the Oval Office for the most significant, and dramatic of events: the attacks of Sept. 11, 2001, for example, or the Challenger space shuttle explosion. The White House said Biden was making his remarks there because of the gravity of the situation had the debt ceiling not been raised. Former President Barack Obama made remarks from the Oval Office in the aftermath of the 2010 BP oil spill in the Gulf Coast.

Persons: Joe Biden, Biden, Kevin McCarthy, JIM WATSON, ” Biden, Ronald Reagan, George W, Bush, Barack Obama, Jeff Mason, Trevor Hunnicutt, Heather Timmons, Alistair Bell, Diane Craft Organizations: White, Senate, REUTERS, Fitch, AAA, Challenger, Union, Capitol, Thomson Locations: Washington , DC, United States, Gulf

☆ Biden to tout bipartisan debt ceiling deal in first Oval Office address
▼ + stars: | 2023-06-02 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

[1/2] U.S. President Joe Biden speaks during debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah Millis/File PhotoWASHINGTON, June 2 (Reuters) - U.S. presidents have generally reserved an address from the White House's Oval Office for the most significant, and dramatic of events: the attacks of Sept. 11, 2001, for example, or the Challenger space shuttle explosion. On Friday, however, President Joe Biden plans to make his first Oval Office speech after more than two years as president about a crisis that was averted. Former President Barack Obama made remarks from the Oval Office in the aftermath of the 2010 BP oil spill in the Gulf Coast. But the Friday night address is his first from the Oval Office, a setting that highlights the power and authority of the presidency, as Biden seeks a second term against a growing field of Republican candidates.

Persons: Joe Biden, Kevin McCarthy, Leah Millis, Biden, Ronald Reagan, George W, Bush, Barack Obama, Jeff Mason, Heather Timmons, Alistair Bell Organizations: U.S, White, REUTERS, WASHINGTON, Challenger, Democrat, Senate, Union, Capitol, Thomson Locations: Washington , U.S, Washington, Gulf

☆ Biden to Deliver Oval Office Address as U.S. Averts Default
▼ + stars: | 2023-06-02 | by ( Michael D. Shear | ) www.nytimes.com time to read: +1 min

Presidents often reserve the Oval Office for addresses to the nation about war, economic crises or natural disasters. President Ronald Reagan delivered somber remarks from the Oval Office about the space shuttle Challenger explosion in 1986. President Donald J. Trump announced pandemic restrictions from the Oval Office in early 2020. Mr. Biden’s decision to use the same venue on Friday underscores how close he believes the two sides had veered toward economic calamity. White House officials were cagey about what Mr. Biden planned to say in his remarks.

Persons: Ronald Reagan, Donald J, Mr, Biden, “ Organizations: Office, Trump, United, ”, Republican Locations: United States

☆ Nearly 4,000 people lost their jobs last month because of AI — the first time that's been cited as a reason, one report says
▼ + stars: | 2023-06-02 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

About 3,900 people lost their jobs because of artificial intelligence in May, a new report found. It's the first time AI is listed as a cause in Challenger, Gray, and Christmas's monthly report. It's the latest piece of evidence that AI will disrupt a significant number of jobs. Some 3,900 of the over 80,000 job cuts that took place in May were attributed to AI, the report found. Outside of the pandemic, the start of 2023 has produced the worst layoff numbers since the 820,000 layoffs that took place to start 2009, per the Challenger report.

Persons: Gray, Britney Nguyen, Tessa, Philip Jansen, Amy Organizations: Morning, Challenger, Google, Disorder, BT Locations: Challenger, British

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