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Ian Read, chairman and chief executive officer of Pfizer Inc., gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. Activist Starboard Value accused Pfizer of threatening litigation against the company's former CEO and CFO in order to get them to break ranks with the investor's nascent turnaround campaign at the pharmaceutical giant. Pfizer shares slipped overnight as news of the two executive's breakaway emerged, and opened down roughly 2.5% in Thursday morning trading. Starboard's Smith said that when the activist approached the two executives, both expressed "concerns" about Pfizer's direction under Bourla and offered to help Starboard in its turnaround campaign. Starboard's Smith and Bourla are slated to meet in person next week, Smith said, confirming earlier reports.

Persons: Ian Read, Pfizer, Jeff Smith, Frank D'Amelio's, Smith, Albert Bourla, Starboard's Smith Organizations: Pfizer Inc, Economic, Pfizer Locations: Davos, Switzerland

☆ CNBC Daily Open: A dovish Fed is driving markets. Keep an eye out for roadblocks
▼ + stars: | 2024-10-10 | 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. Close to record close for NvidiaNvidia shares have rallied 25% in the last month and are currently trading at $132.11. Former Tata Sons chairman passes awayRatan Tata, the former chairman of the Indian conglomerate Tata Sons, passed away on Wednesday, aged 86. As chairman, Tata was instrumental in spearheading over 60 global acquisitions, helping to grow the group's revenue past $100 billion during his tenure.

Persons: Ian Read, Frank D'Amelio, D'Amelio, Ratan Tata, Tata Organizations: CNBC, Dow Jones, Technology, Nasdaq, Nvidia Nvidia, Nvidia, Microsoft, Mizuho, Pfizer, Guggenheim Securities, Former Tata, Tata Sons, IA Locations: Asia, Pacific, Hong Kong, OpenAI

☆ Suki just raised $70 million for its healthcare AI assistant to beat out rival Abridge. See the 17-slide pitch deck it used.
▼ + stars: | 2024-10-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Suki just raised $70 million in Series D funding led by Hedosophia for its medical AI assistant. It's competing with hot startups like Abridge as VCs scramble to place their bets in healthcare AI. The startup just landed a $70 million Series D round led by Hedosophia, a secretive UK-based VC firm led by Ian Osborne. Suki's biggest competitor is healthcare AI startup Abridge, which raised a $150 million Series C at a $850 million valuation in February and is backed by big names like Lightspeed Venture Partners and CVS Health Ventures. Here's the pitch deck Suki used to raise $70 million from Hedosophia.

Persons: Suki, Hedosophia, —, Punit Singh Soni, It's, Ian Osborne, transcribes, Kleiner Perkins, Abridge, Soni, EHR, he's Organizations: Service, Flare, Breyer Capital, InHealth Ventures, Fund, Suki's, Lightspeed Venture Partners, CVS Health Ventures, Veterans Health Administration Locations: Abridge, Hedosophia

☆ Why investors shouldn’t sweat this inflation report
▼ + stars: | 2024-10-10 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The latest inflation report came in slightly hotter than expected, knocking stock prices lower. But the odds of a quarter-point Fed rate cut in November actually rose after the report came out. "CPI Inflation data was slightly on the hotter side, with commodity prices (outside) energy rising more than expected. The good news is that shelter inflation is pulling back and that's going to pull inflation lower. Investors received fresh labor market data Thursday as well, with initial jobless claims jumping by 33,000 to 258,000.

Persons: Dow Jones, Sonu Varghese, Goldman Sachs, Whitney Watson, Ian Lyngen, Stephen Tusa Organizations: CPI, Reserve, Carson, Investors, BMO Capital Markets, JPMorgan, Honeywell

☆ Former Pfizer CEO, finance chief step back from Starboard's activist campaign
▼ + stars: | 2024-10-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Former Pfizer CEO Ian Read and ex-CFO Frank D'Amelio said Wednesday evening that they would step away from Starboard Value's campaign at the struggling pharmaceutical giant, just days after news of the activist's stake broke. Read and D'Amelio said they were "fully supportive" of Pfizer CEO Albert Bourla in a joint statement made via an investment bank and confirmed to be authentic. The duo had been in contact with a number of directors shortly before news of Starboard's stake broke Sunday evening, according to people familiar with the matter. For executives to join, and then walk away from an activist's campaign is highly unusual. It was also not immediately clear what impact, if any, the breakaway would have on Starboard's campaign.

Persons: Ian Read, Donald Trump, Frank D'Amelio, Read, D'Amelio, Albert Bourla, Jeff Smith, Bourla Organizations: Pfizer, White, Washington , D.C, Guggenheim Securities, dealmaking, CNBC, Autodesk, Wall Street, Corp Locations: Washington ,

CNN —Two federal judges have rejected requests to immediately reopen voter registration in Georgia and Florida as the southeast continues to grapple with significant storm damage ahead of the November election. Brian Kemp and Secretary of State Brad Raffensperger — both of whom are Republicans — argued there would be a significant “administrative burden” on the state’s elections offices if the voter registration deadline were to be extended. Ron DeSantis told reporters that there’s “nothing inhibiting” unregistered voters from registering ahead of the deadline later that day. But we’re not going to change any registration deadline. You can register today, and there doesn’t need to – there’s no reason to open that up,” the governor said.

Persons: Hurricane Helene, Hurricane Milton, Eleanor Ross, Brian Kemp, Brad Raffensperger —, —, Ross, “ Harms, ”, Barack Obama, “, Robert Hinkle, Bill Clinton, Ron DeSantis, ” DeSantis, Ian, Helene, we’re Organizations: CNN, US, NAACP, Georgia Coalition, New Georgia Project, Gov, Hurricane Milton, League of Women Voters, Florida NAACP, ”, Milton, Republican Gov Locations: Georgia, Florida, Hurricane, Atlanta

As Hurricane Milton bears down on Florida, the staff at Sarasota Memorial Hospital are getting ready. The main hospital, Sarasota Memorial, is the largest. Staff at Sarasota Memorial can bring their pets to the hospital's temporary shelter. Courtesy Sarasota Memorial Health Care SystemAt AdventHealth Tampa Emergency Department, Dr. Alex Waldman, 35, is part of the B team. He’s preparing his house for the storm and bolting the hurricane shutters.

Persons: Milton, We’re, ”, David Verinder, Verinder, “ They’re, they’re, Alex Waldman, Waldman, Hurricane Helene, “, Helene, Lee, Monica Collins, Collins, Hurricane Ian, Fort Myers, she’s, Ian, He’s, I’m, I’ve, ” Waldman Organizations: Sarasota Memorial Hospital, Sarasota Memorial Health Care, Sarasota Memorial, Staff, Sarasota, Sarasota Memorial Health, Tampa Emergency Department, Lee Health, Southwest Florida Hospital, Skilled, Children’s, of Southwest, Hurricane Locations: Florida, Sarasota, Tampa, Hurricane, Fort Myers, of Southwest Florida, Miami, Fort

☆ 'Monsters' actor Leslie Grossman says she agrees with Ryan Murphy that 'the show will only benefit' the Menendez brothers
▼ + stars: | 2024-10-09 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

"Monsters" has sparked a debate about whether the true crime drama will help the Menendez brothers. Leslie Grossman told Business Insider "the show will only benefit" Erik Menendez and Lyle Menendez. Advertisement"Monsters: The Lyle and Erik Menendez Story" actor Leslie Grossman told Business Insider that the true crime drama "will only benefit" the brothers, after the Menendez family criticized it. The series dramatizes multiple perspectives on why Lyle Menendez and Erik Menendez killed their parents, José Menendez and Kitty Menendez, in 1989, which culminated in the pair being given life sentences in 1996. Lyle Menendez and Erik Menendez during their trial in 1994.

Persons: Menendez, Leslie Grossman, Erik Menendez, Lyle Menendez, Ryan Murphy's, —, Lyle, Ryan Murphy, Ian Brennan's, José Menendez, Kitty Menendez, Murphy, Grossman, Judalon Smyth, Netflix Grossman, George Gascón's, Gascón, Ted Soqui, Laurie L, Levenson, " Levenson Organizations: Service, Variety, Associated Press, Netflix, Los Angeles District, Los Angeles District Attorney, LA District, Getty, LA

☆ Inside the lives of travel tutors for the wealthy: big paychecks, yacht trips, and very little personal space
▼ + stars: | 2024-10-09 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +9 min

Travel tutors can earn six figures a year, but that price tag comes at a personal cost. For the past 14 years, she's worked with Tutors International, a company offering private travel tutor services. Tutors International, a UK-based company offering these services, advertises positions with salaries ranging from $150,000 to $380,000 annually. AdvertisementBut the hefty paycheck comes with significant caveats, said four current and former travel tutors who spoke with Business Insider. "You're there to do a job, and even though you might become friendly with the family, you're not their friend."

Persons: —, Joanna Dunckley, she's, Dunckley, Adam Caller, We're, Nathaniel Hannan, Hannan, Dunkley, Ian Jones, International's Hannan, International's Dunckley, Chen Junqing, Education's Jones, " Hannan, it's, It's, Bodo Müller, Dunckley's wanderlust Organizations: Service, International, Business, Beacon Education, Harvard Locations: Phnom Penh, Cambodia, Thailand, Spain, Tonga, China

☆ Owners of 'catastrophe bonds' are staring down big losses as Hurricane Milton barrels toward Florida
▼ + stars: | 2024-10-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Hurricane Milton may cause major losses for catastrophe bond investors. AdvertisementThe back-to-back barrage of Hurricanes Helene and Milton could trigger big losses for investors in catastrophe bonds. However, on the other hand, a strong hurricane can trigger various clauses within catastrophe bonds, resulting in big losses for investors. AdvertisementHowever, according to RBC, higher reinsurance rates implemented following Hurricane Ian could soften the blow for cat bond investors, depending on the severity of Hurricane Milton. The potential for massive damage caused by Hurricane Milton, which is considered to be a once-in-a-generation event, is also dragging down global reinsurer stocks.

Persons: Milton, —, Hurricanes Helene, Hurricane Ian, Hurricane Milton, Helene, Hurricane Organizations: Service, Hurricanes, Investors, Swiss Re, Hurricane, Jefferies, RBC, Cat, Swiss Locations: Florida, Hurricane, Artemis, Hurricane Milton, North Carolina, Munich

☆ Why the interest-rate cut isn't delivering the relief consumers were hoping for
▼ + stars: | 2024-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we got our first interest-rate cut, but it doesn't feel like it for many consumers . We finally got an interest-rate cut, but borrowing costs are still high. First off, last month's interest-rate cut wasn't going to provide immediate relief. Yes, the average 30-year fixed mortgage rate has gone up 47 basis points since the Fed cut rates , writes BI's Matthew Fox. So the Fed cut rates but borrowing costs went up?

Persons: —, Milton, Alyssa Powell, isn't materializing, Jennifer Sor, Let's, BI's Matthew Fox, I'm, It's, BI's James Rodriguez, who's, Warren Faidley, Hurricane Milton, Hindenburg, Chelsea Jia Feng, Vinod Khosla, OpenAI, Mark Zuckerbergs, Gen Zers, haven't, Rebecca Zisser, Elon Musk's, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Gas, Hindenburg, Tech, DOJ, Google, Walt Disney World, Hurricane Milton, Federal Reserve, Fed, Treasury, Hurricane, Energy, Futures, Bank of America, Disney Locations: Florida, Warren, Tampa, Chelsea, Robotaxi, Hurricane, New York, London

☆ Why some Florida residents aren’t evacuating ahead of Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Paul P. Murphy | Michelle Krupa | ) edition.cnn.com time to read: +11 min

Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Vivienne Marran, ”, Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, “, Holly Speckhart, Julio Cortez, ‘, Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, –, “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach

Major infrastructure upgrades meant to protect Florida’s Tampa Bay area from flooding are months away from completion, as the vulnerable region braces for what could be the worst hurricane in more than a century, officials said. Hurricane Milton is expected to strike the Tampa area overnight Wednesday and into Thursday morning with life-threatening storm surge of up to 15 feet, said Austen Flannery, a meteorologist with the National Weather Service’s Tampa office. Since then, the region’s population has grown from roughly 400,000 people to 3.8 million, and the number of buildings has either tripled or quadrupled, according to the Tampa Bay Regional Planning Council. The National Weather Service said Tuesday was the last full day for Florida residents to do so. “This is playing out to be one of our worst case scenarios for our area,” said Wren Krahl, the Tampa Bay Regional Planning Council's executive director.

Persons: Hurricane Milton, Austen Flannery, Ian, Helene, ” Flannery, ” Milton, Joshua Cascio, ”, ” Cascio, Cascio, Adam Smith, ” Smith, Dennis Smith, Smith, Ron DeSantis, Flannery, Wren Krahl, “ I’ve Organizations: Hurricane, Weather, National Weather Service, Workers, Florida State University’s Department of Urban, World Bank, Tampa, Tampa Bay Regional Planning, Statewide, Florida Gov, Tampa Bay Regional Locations: Florida’s Tampa Bay, Tampa, ”, Florida, Seminole, Milton, “ Tampa, Miami, Tampa Bay, Milton’s

☆ Saints QB Derek Carr will miss multiple games with an oblique injury: Reports
▼ + stars: | 2024-10-08 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

New Orleans Saints quarterback Derek Carr is expected to miss multiple games with an oblique injury according to NFL Network’s Mike Garafolo and Ian Rapoport. Carr was injured in the fourth quarter of the Saints’ 26-13 loss to the Kansas City Chiefs on Monday night. Carr has completed 70.3% of his passes for New Orleans (2-3) so far this season, the second-best mark of his career. The Saints scored 91 points in the first two weeks of the season but only 67 over the last three. The Saints' next two games are against the Tampa Bay Buccaneers this upcoming Sunday, and the Denver Broncos the following Thursday.

Persons: Derek Carr, Mike Garafolo, Ian Rapoport, Carr, ” Carr, Jake Haener, Haener Organizations: Orleans Saints, NFL, Saints, Kansas City Chiefs, New, Kansas City, Tampa Bay Buccaneers, Denver Broncos Locations: New Orleans, Carr

☆ These are the insurance stocks with the most at risk from Hurricane Milton, according to Piper Sandler
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Piper Sandler said Hurricane Milton could change the insurance market. Piper Sandler said Milton shares similarities with Ian, which resulted in $56 billion in insured losses. "Historically, insurance stocks fall as the hurricane approaches landfall and as it creates damage. Below is a table of estimated insured losses from insurance companies from Hurricane Ian. "The typical rebound in the insurance stocks happens when it becomes clear how large the insurance event was (or was not).

Persons: Piper Sandler, Milton, Paul Newsome, Hurricane Ian —, Newsome, Ian, LSEG, Chubb, — CNBC's Michael Bloom Organizations: Hurricane Ian, Allstate, American International Group, Heritage Insurance, Progressive, Universal Insurance Holdings, Travelers Locations: Florida, Milton, Hurricane, Newsome

☆ Tracking Hurricane Milton’s Storm Surge Risk Across Florida
▼ + stars: | 2024-10-08 | by ( William B. Davis | Judson Jones | ) www.nytimes.com time to read: +4 min

Tracking Hurricane Milton’s Storm Surge Risk Across FloridaAs Hurricane Milton approaches landfall in Florida this week, the National Hurricane Center is releasing a series of data sets to help warn the public of the risks. Storm surge is one of the deadliest aspects of a strong hurricane as it approaches land. Depending on exactly where Milton makes landfall, storm surge will broadly fluctuate. The Florida Keys are forecast to experience strong winds and storm surge mostly below six feet. Wherever Milton makes landfall, storm surge will come ashore, especially just ahead and south of the storm’s center, similar again to what occurred during Ian.

Persons: Milton, Hurricane Helene, Milton ., Hurricane Ian, Robert Weisberg, —, Weisberg, Ian, ” Organizations: Hurricane, National Hurricane, University of South Locations: Florida, Milton, Tampa, Fort Myers, Naples, Tampa Bay ., Tampa Bay, University of South Florida, Clearwater

☆ Hurricane Milton could cause as much as $175 billion in damage, according to early estimates
▼ + stars: | 2024-10-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024. Hurricane Milton's once-in-a-century potential could cause damage of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case scenario, according to leading Wall Street analysts. That would be on top of the carnage already left behind by Hurricane Helene, posing a potential record-breaking path of wreckage. "A 1-in-100 year event is estimated by some to result in $175 [billion] in losses for landfall in the Tampa region, and $70 [billion] in losses in the [Fort] Myers region." The extent of the potential is hard to pin down and will depend on timing and location, with a landfall closer to Fort Myers being less costly.

Persons: Hurricane Milton's, Hurricane Helene, Jefferies, Yaron Kinar, Myers, Fort Myers, Hurricane Ian, Ian Organizations: Hurricane, Street Locations: St, Petersburg , Florida, Hurricane Milton, U.S, Tampa, Fort Myers

☆ The 9 Elements of a Trump Rally
▼ + stars: | 2024-10-08 | by ( Ian Prasad Philbrick | Ashley Wu | ) www.nytimes.com time to read: +89 min

We have some voters, they’re for us, but they’ve never voted and they’re going to want to vote. There’s something wrong with Kamala and I just don’t know what it is, but there is definitely something missing. They’re going to get him in Florida.” It was always… That seemed to be the documents case. That’s great. They’re great.

Persons: there’s, I’m, It’s, Joe Biden, Kamala Harris, “, Trump, we’re, would’ve, Tim Walz, Biden, I’d, Rasmussen, We’re, David, they’re, they’ve, They’ll, You’re, “ You’ll, haven’t, she’s, everyone, David McCormick, Bob Casey, David’s, everybody’s, ”, we’d, Kamala, Oprah, doesn’t, I’ve, we’ve, Joe, Rachel Morin, who’s, that’s, Kamala let, … She’s, can’t, it’s, he’s, He’s, Wall, must’ve, ’ Kamala, Lyin, She’s, Donald Trump, “ I’m, Barack Hussein Obama, …, Obama, Hunter, Uncle Sam, Crooked Joe Biden, document’s, Sam, bah, what’s, David Muir, “ We’re, They’re, won’t, Mike Kelly, Kelly, Mike, Lyin ’ Kamala Harris, El Salvador, you’ve, he’ll, “ You’re, Donald, don’t, Don’t, Crazy Nancy Pelosi, Nancy Pelosi, Billy Graham, Franklin, “ Gee, Lyin ’ Kamala, Elon, Tesla, you’re, God, Sean O’Brien, I’ll, That’s, “ Donald Trump, Alphonse Capone, Alphonse, “ They’re, they’ll, Let’s, should’ve, Emerson, ” David, Dave McCormick, Dave, He’ll, Nick Langworthy, Nick, JD Longo, JD, we’ll, Corey, “ I’ve, Butler, Nobody, Tom, didn’t, Cory, Trumper, There’s, We’ve, “ Kamala, Go, San Francisco Kamala, Ronald Reagan couldn’t, Shawn Fain, It’ll, anybody’s, We’ll, Crooked Joe Organizations: Trump Republicans, Alabama, NFL, United, Democrat, Commonwealth, CPA, Border Patrol, Covid, ISIS, Space Force, Visa, Justice Department, National Guard, Green, Deal, Teamsters, of Police, New York Times, …, Nassau Coliseum, Slippery Rock, ICE, California, we’ll, Trump Reciprocal Trade, teamsters, US Steel, of Education, Black Colleges, Universities, Trump, Washington DC, America Locations: Pennsylvania, Commonwealth, Florida , Georgia, Alabama , Tennessee, Western North Carolina, Delaware, San Francisco, Erie , Pennsylvania, Alabama, Georgia, Wisconsin, United Nations, Iran, Erie County, Mexico, Tijuana, America, South America, Congo, Africa, United States, Asia, Yemen, California, Hollywood, Let’s, North Carolina, Russia, McDonald’s, New York, Ohio, Michigan, . Pennsylvania, Charleroi, Charleroi , Pennsylvania, … Charleroi, Harris, El, West Virginia, ”, China, Iowa, Philadelphia, Detroit, Atlanta, Florida, United States of America, Pennsylvania , Arizona , Wisconsin, Arizona, Slippery, Butler, That’s, San, Saudi Arabia, Japan, Ukraine, Washington

☆ A spacecraft is on its way to an asteroid that NASA slammed in an earlier save-the-Earth test
▼ + stars: | 2024-10-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

The European Space Agency’s Hera spacecraft rocketed away on a two-year journey to the small, harmless asteroid rammed by NASA two years ago in a dress rehearsal for the day a killer space rock threatens Earth. Launched by SpaceX from Cape Canaveral, it’s the second part of a planetary defense test that could one day help save the planet. The 2022 crash by NASA’s Dart spacecraft shortened Dimorphos’ orbit around its bigger companion, demonstrating that if a dangerous rock was headed our way, there’s a chance it could be knocked off course with enough advance notice. Researchers want to know whether Dart — short for Double Asteroid Redirection Test — left a crater or perhaps reshaped the 500-foot (150-meter) asteroid more dramatically. ESA’s Hera mission lifted off on a SpaceX Falcon 9 rocket from Cape Canaveral Space Force Station in Florida on Monday at 10:52am.

Persons: there’s, Dart, Derek Richardson, Richardson, ESA Dart’s wallop, Hera, Ignacio Tanco, ”, “, Ian Carnelli, It’s Organizations: NASA, SpaceX, NASA’s, ” University of Maryland, Cape Canaveral Space Force, ESA Locations: Cape Canaveral, Cape, Florida, Dimorphos, Darmstadt, Germany, Didymos

☆ Meet Jeff Smith, the hedge-fund investor taking on Pfizer
▼ + stars: | 2024-10-07 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

Starboard Value has taken a $1 billion stake in drugmaker Pfizer. The hedge fund, headed by Jeff Smith, has become one of the most feared activist investors. AdvertisementPharmaceuticals giant Pfizer got a wake up call Sunday evening when one of Wall Street's most feared activist investors revealed a stake in the company. AdvertisementPfizer, with a market cap north of $160 billion, is among the largest companies Starboard's Smith has ever targeted. With less than a 10% stake Smith replaced the entire 12-person board and assumed the role of chairman.

Persons: Jeff Smith, —, Smith, Starboard's Smith, Ian Read, Frank D'Amelio, Ken Squire, Paul Singer, Elliott, Carl Icahn, Dan Loeb, Peter Feld, Olive Garden's, Marc Benioff, Brontë Wittpenn, Brontë, Squire, they're, Albert Bourla, Bourla, wagered Organizations: Pfizer, Service, Pharmaceuticals, 13D, Investor, Lazard, Elliott Management, Icahn Enterprises, Cowen Group, AOL, Darden Restaurants, Olive Garden, Longhorn, Darden, Wall, San Francisco, Getty, Smithfield Foods, Bristol, Myers Squibb, Celgene, Autodesk, Starbucks Locations: Olive Garden, Fortune, America, Olive, Washington

☆ Samurai sword master rates samurai movie battles
▼ + stars: | 2024-10-07 | by ( Ian Phillips | David Ibekwe | ) www.businessinsider.com time to read: +1 min

Seki Nobuhide Sensei, a martial arts and katana instructor, rates portrayals of samurai battles in movies and TV shows. He breaks down the differences between samurai and ninja fighting techniques in "The Last Samurai," starring Tom Cruise and Ken Watanabe. He describes how to best anticipate your opponent's moves in "John Wick: Chapter 4," starring Keanu Reeves, Donnie Yen, and Hiroyuki Sanada. He talks about how to battle multiple opponents at once in "Harakiri;" and "Seven Samurai," starring Toshiro Mifune. Seki Nobuhide Sensei is the 22nd headmaster of Asayama Ichiden-ryu.

Persons: Seki Nobuhide Sensei, Tom Cruise, Ken Watanabe, John Wick, Keanu Reeves, Donnie Yen, Hiroyuki Sanada, Hugh Jackman, Uma Thurman, Lucy Liu, David Carradine, Robert Downey Jr, Chris Evans, Jeremy Renner, Toshiro Mifune, James, Roger Moore, Asayama

☆ Netflix released a new documentary about the Menendez Brothers. Here are 7 more TV shows and documentaries about the famous '90s murder trial.
▼ + stars: | 2024-10-07 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Netflix released a documentary this week about Lyle and Erik Menendez with new interviews with the brothers. It arrives after Netflix dramatized the brothers' trial in "Monsters: The Lyle and Erik Menendez Story." AdvertisementNetflix's "Monsters: The Lyle and Erik Menendez Story" and "The Menendez Brothers" are the latest additions to Hollywood's obsession with the Menendez brothers' trial. Even close to 30 years after the Menendez brothers' trial concluded, production studios and streaming services continue to capitalize on viewer interest in the trial. In it, the Menendez brothers, multiple family members, reporters, and attorneys share new insights into the brothers' trial.

Persons: Lyle, Erik Menendez, Menendez, —, Ryan Murphy, Ian Brennan's, Jeffrey Dahmer, Murphy Organizations: Netflix, Service

☆ Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help, sources say
▼ + stars: | 2024-10-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Starboard Value has a roughly $1 billion stake in pharmaceutical giant Pfizer and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter. Starboard believes that Pfizer's current leadership, under CEO Albert Bourla, has stepped away from historically disciplined cost structure and investment in novel drugs. One particularly concerning example to Starboard was Pfizer's acquisition of Global Blood Therapeutics. Pfizer pulled a drug for sickle cell disease it got just two years ago via the roughly $5 billion acquisition. Still, more than $100 billion in shareholder value has evaporated since the Covid-19 pandemic faded largely into the rearview mirror.

Persons: Ian Read, Frank D'Amelio, Albert Bourla, Oxbryta, Read, Jeff Smith, Angelica Peebles Organizations: Pfizer, Blood Therapeutics, Autodesk, Street

☆ A timeline of the Menendez brothers’ murder case and the push to reexamine it
▼ + stars: | 2024-10-06 | by ( Eric Levenson | ) edition.cnn.com time to read: +6 min

CNN —The question for prosecutors reexamining the murder convictions of Lyle and Erik Menendez is not whether they killed their parents, but how culpable they really are. Here’s a look at the timeline of the case over the decades, from the initial shooting to the recent efforts to alter their sentence. July 1993: The Menendez brothers go on trial in a Los Angeles courtroom, each with a separate jury, in a trial televised on Court TV. September 2024: Netflix releases the crime drama “Monsters: The Lyle and Erik Menendez Story,” a nine-episode series co-created by Ryan Murphy and Ian Brennan about the killings. “We may be talking later, but that certainly has increased the attention by the public, and that’s why we’re being public about where we are.”A hearing on the Menendez brothers’ petition is set for November 29.

Persons: Lyle, Erik Menendez, ”, George Gascón, CNN’s Jim Acosta, Jose, Kitty Menendez, Erik, Vince Bucci, Jose Menendez, “, Menendez, “ Menendez, Ryan Murphy, Ian Brennan, ” Murphy, Murphy, Jim Acosta, ’ Organizations: CNN, Beverly Hills, Netflix, Prosecutors, Getty, RCA Records, Court TV, Menudo, Los Angeles County, LA, Attorney Locations: ” Los Angeles County, Beverly, AFP, Los Angeles, Los, “

"We have kind of a two-level house — it's not a two-story, but there are two levels," Smith-Frady told Business Insider. AdvertisementIn May 2024, the average cost of flood insurance in Florida was $781 a year, according to personal-finance company NerdWallet. Advertisement"It basically makes the home a total loss if they don't have flood insurance," Meyer Lucas said. "In Florida, there's really high flood risk, which I think is broadly understood, but that the cost associated with that flood risk is not being captured in home values." "The storms are happening so diversely in so many different areas of the state," D'Amario told Business Insider.

Persons: Helene, —, Hurricane Helene, Alexis Smith, Smith, Frady, Idalia, She's, Katie Mallah, Mallah, Katie Mallah Mallah, it's, Heather Cameron, Cameron, Holly Meyer Lucas, Meyer Lucas, Jon Schneyer, Pete, haven't, Jesse Gourevitch, there's, Ryan D'Amario, D'Amario Organizations: Service, FEMA, Business, Flood Insurance, Hurricanes, Sunshine State, Farmers Insurance, Bankers Insurance, Miami Herald, Capital Economics, Palm, Street Journal, Environmental Defense Fund Locations: Florida, St, Petersburg, Hurricane, Bradenton, North Carolina, Tampa, Sarasota, St . Petersburg, Shore, Shore Acres , Florida, Insurify, Palm Beach, Nature, Appalachia, Gulf

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