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A murder charge was filed in New York on Monday night against the man accused of gunning down UnitedHealthcare CEO Brian Thompson last week outside a busy New York City hotel, according to online court documents. After the Pennsylvania court appearance, law enforcement officials told reporters that charges would be filed in New York shortly. Mangione also carried a fake ID with the same name the suspected gunman used at a New York City hostel, police said. An image released by the New York Police Department shows a person of interest sought for questioning in connection with the shooting. Thompson's slaying sent shock waves throughout the corporate and health care worlds, raising questions about appropriate security for top-level executives.

Persons: gunning, Brian Thompson, Luigi Mangione, Mangione, Jessica Tisch, Joseph Kenny, ” Brian Thompson, UnitedHealthcare Thompson, UnitedHealth, Thompson, ”, Paulette Thompson, ” Paulette Thompson, Spencer Platt, Thompson's Organizations: NBC, Law, Police, UnitedHealthcare, New, New York Hilton, Getty Images Police, Greyhound, New York Police Department, University of Pennsylvania, Ivy League, Gilman School, UnitedHealth, Humana, CVS Health Locations: New York, New York City, Pennsylvania, Altoona, Manhattan, Blair, Hollidaysburg, Pa, America, Mount Sinai, Central Park, Minnesota, Hilton, midown Manhattan, Atlanta, Philadelphia, Hawaii, Baltimore

☆ The Omnicom-IPG megamerger signals a new era for the ad industry
▼ + stars: | 2024-12-10 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.

Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, —, Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York

☆ David Zaslav just quieted his Wall Street critics as Warner Bros. Discovery shows it's fine without the NBA
▼ + stars: | 2024-12-10 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The company just negotiated a better-than-anticipated deal with cable giant Comcast. Media analysts widely agreed that WBD underestimated NBC's bid and would see the value of its TV networks take a major hit without the NBA. The consensus wisdom in the media world was that pay-TV providers would play hardball and demand lower affiliate fees for WBD's networks, especially an NBA-less TNT. The Charter deal was heralded as a success, with Zaslav a "clear winner" in the eyes of veteran media analyst Rich Greenfield of LightShed. The terms WBD and Comcast agreed to are remarkably similar to WBD's deal with Charter, and each came together more than a year before key deadlines.

Persons: David Zaslav, Zaslav, WBD, Rich Greenfield, Greenfield, John Malone, Brian Roberts, LightShed's Brandon Ross, they'd, Max, they've Organizations: Warner Bros, NBA, Comcast, Disney's ESPN, Comcast's NBC, Media, Charter, Business, TNT, CNN, HGTV, Company, Amazon Locations: LightShed, Ireland

☆ Scoop: Particle Health lands $10 million in funding after lobbing antitrust lawsuit against medical records giant Epic
▼ + stars: | 2024-12-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Particle Health has raised $10 million from its existing investors, Business Insider has learned. Healthcare startup Particle Health has been battling electronic health records giant Epic Systems all year. The raise comes three months after Particle Health filed an antitrust lawsuit against Epic, alleging Epic has been stifling competition in the emerging "payer platform" market. The cash won't be used for Particle's antitrust lawsuit against Epic, because Particle itself isn't paying for the lawsuit, per two sources. Those actions and others by Epic, Particle's lawsuit claims, have led many Particle customers to drop their contracts and deter prospective customers, leading to a meaningful revenue loss for Particle.

Persons: It's Organizations: Business, Epic Systems, Systems, Health, Epic, Menlo Ventures, Canvas Ventures, Pruven, of, Oracle Health, New Locations: Southern, of New York, New York

☆ After the Omnicom-IPG merger, these are the ad M&A deals industry insiders think could be next
▼ + stars: | 2024-12-10 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry insiders say the Omnicom takeover of Interpublic Group could kick off more M&A. The US ad industry has barely grown over the past few years. AdvertisementSome industry insiders think the Omnicom-IPG tie-up is just the start of a massive reordering of the $70 billion ad agency industry and that it's only a matter of time before other holding companies are forced to acquire or be acquired as they look to bulk up. Private equity has been circlingThe big holding companies could also be a target for private-equity giants. Industry insiders have speculated for months that WPP, which once ranked as No.

Persons: William Ritchie, Ritchie, Andreas Roell, Mark Read, Arthur, Sadoun, Tom Triscari, WPP's, Publicis, Omnicom, Havas, Mark Penn's Stagwell, Bill Koenigsberg, Martin Sorrell, David Morgan, Kepler, Blackstone, who's, Tata, Jay Friedman, They're Organizations: Interpublic, Insiders, WPP, Private, Accenture, Google, WY Partners, FGS, Evros, Publicis Groupe, Lemonade Projects, Vivendi, Horizon Media, Capital, Horizon, Temasek, Apollo, KKR, Industry, IBM, Tata Consultancy Services, Droga5, Goodway Locations: US, London

☆ TikTok says ban would cost U.S. small businesses and creators $1.3B in first month
▼ + stars: | 2024-12-09 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Politics For Cnbc.Com. | ) www.nbcnews.com time to read: +3 min

“Those numbers would only increase if the shutdown extends for more than a month,” said Blake Chandlee, president of global business solutions for TikTok, in that court filing. TikTok and ByteDance plan to ask the Supreme Court to overturn a recent ruling upholding the law, issued by the U.S. Court of Appeals for the District of Columbia Circuit. The injunction, if granted, would allow the app to continue operating until the Supreme Court decides whether to hear the appeal. He said that as of November, more than 7 million U.S. accounts use TikTok to do business. The law TikTok wants blocked for now was passed by Congress and signed by President Joe Biden last spring after concerns about ByteDance’s alleged connections to the Chinese government.

Persons: ”, Blake Chandlee, “, ByteDance, Donald Trump, TikTok, Chandlee, ” Chandlee, Joe Biden, TikTok “ Organizations: Apple, Google, ByteDance, U.S ., Appeals, District of Columbia Circuit, Oxford Economics, Congress, District of Columbia Locations: United States, China, Jan, American, District, People’s Republic of China

☆ Starlink traffic tripled again in 2024 in another win for Elon Musk
▼ + stars: | 2024-12-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Internet traffic from Elon Musk's satellite web service more than tripled in 2024, per Cloudflare data. Global internet traffic from SpaceX's satellite internet service more than tripled in 2024, according to data from IT service provider Cloudflare. Several major cruise companies have begun offering Starlink on their ships, with Carnival Cruises announcing in May that all of its cruise liners are now equipped with Starlink. Traffic in Georgia and Paraguay, where Starlink launched in November and December 2023, has increased by 100 and 900 times this year, respectively. It also almost tripled traffic in 2023.

Persons: Elon, Starlink, Pete Syme, Cloudflare, Elon Musk Organizations: United Airlines, Hawaiian Airlines, Qatar Airways, Carnival Cruises, SpaceX, Elon, NASA Locations: Elon, Chad, Mongolia, Argentina, Georgia, Paraguay

☆ TikTok and its owner ask for temporary block to law that could result in the app’s US ban
▼ + stars: | 2024-12-09 | by ( ) edition.cnn.com time to read: +3 min

Chinese-based ByteDance and its short-video app TikTok asked an appeals court Monday to temporarily block a law that would require parent company ByteDance to divest TikTok by January 19 or face a ban in the United States, pending a review by the US Supreme Court. The Justice Department said the appeals court should quickly deny the TikTok’s request “to maximize the time available for the Supreme Court’s consideration” of petitions from ByteDance and TikTok. TikTok asked the appeals court to decide on the request by December 16. Trump, who unsuccessfully tried to ban TikTok during his first term in 2020, said before the November presidential election that he would not allow the ban on TikTok. Trump’s incoming national security adviser Mike Waltz told Fox Business Network Friday that Trump “wants to save TikTok.

Persons: ”, Donald Trump, ” TikTok, TikTok, —, Joe Biden, Trump, Mike Waltz Organizations: US, Appeals, District of Columbia, TikTok, Justice Department, Fox Business Network Locations: TikTok, United States, ByteDance

☆ Cramer calls analyst downgrade of AMD 'cogent.' But he's not giving up on the stock
▼ + stars: | 2024-12-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

In 2024, AMD expects to generate more than $5 billion in AI chip sales. Meanwhile, Meta Platforms and Microsoft are newer entrants into the custom AI chip game, but they remain buyers of both AMD and Nvidia processors. However, the firm said those companies' capital expenditure requirements for Nvidia's next-generation AI chip platform Blackwell "could also limit share gain opportunities for AMD." Bottom line We're not dismissing Bank of America's concerns about AMD — Jim even called the note "cogent" — but we're also not spooked. 2 merchant player in the AI chip market behind Nvidia, despite custom chips seeing greater interest at places like Amazon.

Persons: Jim Cramer, Amazon's, Trainium, Trainium2, Jim, we're, FactSet, Lisa Su, Jim Cramer's, Lauren Justice Organizations: Wall, Devices, Bank of America, AMD, Analysts, Intel, Web Services, Apple, Nvidia, Google, Club, Broadcom, Microsoft, Meta, Oracle, " Bank of America, Nvidia's, CNBC, Bloomberg, Getty Locations: AMD's, It's, Las Vegas

☆ TikTok says ban would cost U.S. small businesses, creators $1.3 billion in first month
▼ + stars: | 2024-12-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

"Those numbers would only increase if the shutdown extends for more than a month," said Blake Chandlee, president of global business solutions for TikTok, in that court filing. The injunction, if granted, would allow the app to continue operating until the Supreme Court makes a decision to hear the appeal or not. If TikTok is effectively shut down in the United States in January, Chandlee wrote, American small businesses alone would lose more than $1 billion in revenue — even if the prohibitions are lifted after only a month. "Almost two million creators in the United States would suffer almost $300 million in lost earnings, and TikTok itself would lose 29% of our targeted global advertising revenue for 2025," Chandlee wrote. He said that as of November 2024, more than 7 million U.S. accounts use TikTok to do business.

Persons: Blake Chandlee, ByteDance, Donald Trump, TikTok, Chandlee Organizations: Apple, Google, ByteDance, Supreme, U.S ., Appeals, District of Columbia Circuit Locations: Washington , DC, United States, China, U.S, Jan, American

☆ The $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world's largest ad-agency company. Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI. Being big matters as the industry wrestles with disruption from the might of Big Tech players and the advent of artificial intelligence. The $13.25 billion all-stock deal would merge Omnicom's creative and media-buying agencies, such as BBDO and Omnicom Media Group, with IPG's McCann Worldgroup and Mediabrands. The research firm Forrester said last year that the rise of automation could lead to the loss of 33,000 jobs within ad agencies by 2030.

Persons: IPG's McCann Worldgroup, Marcel, Publicis, Simon Nicholls, Martin Sorrell, Omnicom, hasn't, Laura Desmond, Philippe Krakowsky, Wren, Sorrell, John Wren's, Forrester, Simon Francis, Francis, creatives, John Wren, Publicis Groupe's, Maurice Levy, Spencer Platt, it's, Greg Paull, Kennedy Organizations: Industry, Big Tech, Interpublic, Wall Street Journal, Omnicom Media, Groupe, Analysts, WPP, Capital, Adobe, General Motors, Pfizer, Microsoft, Omnicom, Flock Associates, Getty, Publicis Groupe

☆ Comcast shares tumble as executive calls broadband 'intensely competitive'
▼ + stars: | 2024-12-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Comcast shares dropped more than 8% following Watson's remarks at the UBS Global Media and Communications Conference on Monday. Cable broadband growth has been in the midst of an ongoing slump. He also noted that NBCUniversal's marketing of the Summer Olympics helped, too. NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Dave Watson, Watson, NBCUniversal Organizations: Comcast, Comcast Cable, UBS Global Media, Communications Conference, Monday . Cable, Verizon, Mobile, Program, Summer, CNBC, NBC Sports, NBC Olympics, NBC, Games Locations: Lafayette , California, U.S

☆ Exclusive: Read the 9-page memo hyperscaler startup Nscale used to raise a $155 million Series A
▼ + stars: | 2024-12-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

AdvertisementNscale, a London-based startup providing companies with access to data centers and clusters of AI chips, has raised $155 million in fresh funding. The startup, which came out of stealth in May 2024, bills itself as a fully integrated AI infrastructure platform. That includes data centers, software, and graphics processing units, Nscale's founder and CEO Joshua Payne told Business Insider in an interview. "We found the best way to do that was to vertically integrate it, building both data centers, GPUs, and software." BI got an exclusive look at the 9-slide memo the startup used to secure fresh funding.

Persons: Nscale, Joshua Payne, Payne Organizations: BI, Lambda Labs, Partners, Bluesky Asset Management, Florence Capital Locations: London, Nscale, Europe

☆ The Salt Typhoon telecom hack targeted senior American political figures, the White House says
▼ + stars: | 2024-12-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The Salt Typhoon hack is one of the largest attacks on US telecommunications ever, officials say. Senate Intelligence Committee Chairman Mark Warner told The Washington Post that the hack is the "worst telecom hack in our nation's history by far." Senior White House officials on the call said the hack has been ongoing for "likely one to two years." She added that the White House "has made it a priority for the federal government to do everything it can to get to the bottom of this." Neuberger said that White House leaders are meeting three times a week to discuss the hack.

Persons: Anne Neuberger, Mark Warner, Warner, Neuberger, Biden Organizations: Verizon, NSA, Microsoft, White House, Congressional Research Office, Lumen Technologies, NBC, Senate, Washington Post, New York Times, Justice Department, FBI, White Locations: China

☆ Ozempic Scams, Sketchy Weight Loss Products Are Tricking Americans
▼ + stars: | 2024-12-08 | by ( Emily Stewart | ) www.businessinsider.com time to read: +18 min

For people struggling with their weight, these drugs can seem like a miracle. AdvertisementThe marketplace is awash in companies trying to ride the Ozempic wave by selling compounded semaglutide, knockoff drugs, and similar-sounding supplements. Even big-name telehealth companies are sending medications to patients without a lot of supervision. To ward off telehealth companies, Eli Lilly cut the price of Zepbound for certain patients who order directly from the company, though the drug is still pricey. She's switched providers — she's now getting her medication from Hers — and continues to shed weight.

Persons: Kelly, she's, Kelly isn't, semaglutide, Eli Lilly —, John Hertig, Jessica Bartfield, Natalia Mehlman Petrzela, Bartfield, riffing, Jane Fonda, Mehlman Petrzela, it's, She'd, Eric Feinberg, Feinberg, he's, Michael Jabbara, Jabbara, willy, Eli Lilly, they're, Anthony Mahajan, Hertig, that's, Kelly hasn't, She's, hasn't, she'll, Emily Stewart Organizations: Google, Better Business, Novo Nordisk, and Drug Administration, Butler University's College of Pharmacy, Health Sciences, NBC News, FDA, Wake, Weight Management, The New, Coalition, Novo, Visa, WHO, Health Law Alliance, —, Business Locations: Florida, WhatsApp

Let us show you everything you need to know about where to watch a free Abu Dhabi F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Abu Dhabi F1 live streams with a VPNSign up for a VPN if you don't have one. How to watch Abu Dhabi F1 live stream in the USESPN and ESPN+ are both covering the Abu Dhabi Grand Prix. Check price at FuboHow to watch Abu Dhabi F1 live stream in the UKWant a free option?

Persons: we've, Norris, Piastri, Leclerc, Sainz, you'll, Abu, ExpressVPN, it's, FuboTV, There's Organizations: Business, McLaren, Ferrari, Abu, Abu Dhabi, RTL, Abu Dhabi F1, ESPN, Grand Prix, DirecTV, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, DirecTV Stream, Sky Sports, Sky, Premier League Locations: Abu Dhabi, ORF1, Austria, Belgium, Luxembourg, Abu, Grand, TV's

☆ Hegseth and Collins’ push for cutting veterans health benefits alarms servicemembers and veterans groups
▼ + stars: | 2024-12-07 | by ( Natasha Bertrand | Haley Britzky | ) edition.cnn.com time to read: +12 min

He’s also lobbied for policies that would restrict VA care and believes veterans should ask for fewer government benefits. “We want to have full choice where veterans can go wherever they want for care,” Hegseth told Trump on speakerphone as Shulkin listened, according to Shulkin’s 2019 memoir. For Shulkin, a rare “holdover” from President Barack Obama’s administration to Trump’s, this was “the worst-case scenario” for veteran health care, and one he had repeatedly warned Hegseth against. As secretary of defense, Hegseth would oversee the Military Health System, which is separate from the Veterans Health Administration. “If this continues, the Defense Department will eventually be a health care and pension provider that also happens to fight wars,” he wrote.

Persons: Washington CNN — “, Pete Hegseth, Donald Trump, David Shulkin, Trump, He’s, ” Hegseth, Shulkin, Doug Collins, ”, Barack Obama’s, Hegseth, ” Shulkin, Collins, “ Fox, I’ve, Shawn Ryan, Amy McGrath, Sen, Mitch McConnell, hasn’t, “ I’m, it’s, ” McGrath, “, McGrath, there’s, Charles, David Koch, Max Rose, VoteVets, –, ‘, ’ ”, I’m, ’, Hegseth –, America –, Ryan, hadn’t, Kate Kuzminski, ” Kuzminski, ” Rose, Kuzminski Organizations: Washington CNN, Department of Veterans Affairs, Fox News, Veterans, CNN, Marine, Biden, Military Health, Veterans Health Administration, Pentagon, Wall, Defense Department, Army Reserve, Democratic, America, Trump, “, White, White House, American, Center, New, New American Security Locations: speakerphone, Trump’s, Kentucky, America, New American

She reported eating an Egg McMuffin, fries and a Quarter Pounder from McDonald’s. Those health officials, Wise said, gave the first crucial clue. That information was gleaned from interviews that state and local health officials in Colorado did with patients. As the CDC was working with state health officials and sending out questionnaires, it was simultaneously working with McDonald’s. On Oct. 28, health officials ruled out the beef patties served on the Quarter Pounders as a potential source of the E. coli.

Persons: ”, McDonald’s, ” Ben Chapman, “, Matt Wise, Wise, Marion Nestle, “ It’s, ” Wise, patties, ” Nestle, Rachel Molatore, Nestle Organizations: Centers for Disease Control, McDonald’s, NBC News, CDC, NBC, FDA, North Carolina State University, Prevention, New York University, “ Locations: Wisconsin, Colorado, McDonald’s, Utah, Taylor

☆ I saved hundreds of dollars thanks to my local Nextdoor network. I've gotten repair and removal services for free.
▼ + stars: | 2024-12-06 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

I got a giant cabinet removed by a carpenter and my ice maker fixed by an appliance repairer for free. We particularly objected to a giant-size TV and entertainment center made of dark cherry wood in our family room. Courtesy of Jane RidleyStill, I wrote that it was up for grabs to anyone who could remove it for free. AdvertisementI got my ice maker fixed for freeAnother member asked people to send greeting cards to an older neighbor who rarely received any mail. The ice maker on our refrigerator hadn't worked for more than a year.

Persons: I'd, Jane Ridley Still, I've, we'd Organizations: Nextdoor Locations: British

A federal appeals court on Friday upheld a law requiring China-based ByteDance to sell TikTok or face an effective ban in the United States. If ByteDance fails to sell TikTok by Jan. 19, the law would require app store companies, like Apple and Google, and internet hosting providers to stop supporting TikTok, effectively banning the app. "On the merits, we reject each of the petitioners' constitutional claims," the appeals court panel said in its opinion on the decision Friday. President-elect Donald Trump has not yet said whether his administration will enforce the ban when he takes office next month. In a September post on Truth Social, Trump said he wasn't "doing anything with TikTok, but the other side is going to close it up, so if you like TikTok, go out and vote for Trump."

Persons: Joe Biden, Jan, Troy Balderson, Donald Trump, Trump, Vance, Karoline Leavitt Organizations: U.S ., Washington , D.C, Apple, Google, Chinese Communist Party, Social, Trump, CNBC Locations: China, United States, Washington ,, Ohio

☆ Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
▼ + stars: | 2024-12-06 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China's ByteDance to sell TikTok or face an effective U.S. ban. Alongside Meta, Amazon also closed at an all-time high on Friday and is up 49% this year. TikTok said later Friday that it will ask the U.S. Supreme Court to overturn the appeals court decision. In its third-quarter earnings release, Meta reported a 19% increase in year-over-year revenue while warning of a significant acceleration in its infrastructure expenses in 2025.

Persons: Mark Zuckerberg, China's, tech's megacaps, Donald Trump, Zuckerberg, Trump, Joe Biden, TikTok, Meta Organizations: Meta, Inc, Amazon, Apple, Nasdaq, Fox News, Google, U.S ., Washington , D.C, Supreme Locations: Menlo Park , California, Lago, Florida, U.S, Washington ,

☆ As BlackRock storms into the private credit arena, longtime players aren't worried about the space getting too crowded
▼ + stars: | 2024-12-06 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

"The market is proving that private credit has a reason to exist," said Carlyle exec Nicola Falcinelli. Tens of billions poured into private credit funds in the third quarter — and then the world's largest asset manager joined the party. Related Video How Twitter panic took down Silicon Valley BankOther finance giants are trying to get in on the private credit action, State Street is shopping around for a private credit firm, and Citi has linked up with Apollo for a $25 billion credit fund. Singapore sovereign wealth fund Temasek is forming a $7.5 billion private credit platform. "The market is proving that private credit has a reason to exist," said Nicola Falcinelli, the deputy head of European private credit at Carlyle, at Edelman Smithfield's annual investor summit Thursday in London.

Persons: Carlyle, Nicola Falcinelli, Edelman, Donald Trump, Matthew Theodorakis, LaRusse, Putri Pascualy, Pascualy, Blackstone Organizations: HPS, Partners, Bank, Citi, Temasek, Ares Management, Investment Locations: Singapore, Wall, London

☆ Amazon cloud executives share their latest AI strategies, and why choice matters more than owning the top model
▼ + stars: | 2024-12-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon unveiled a new series of AI models called Nova this week. Amazon believes AI models are not in a winner-take-all market. Google has a leading AI model in Gemini, but also provides access to other models through its Vertex cloud service, and Microsoft has a similar offering. As a result, Anthropic, which Menlo Ventures has backed, doubled its share in the AI model market to 24% this year, while OpenAI's share dropped from 50% to 34% year-over-year, according to the report. Having its own advanced, powerful AI models could help Amazon.

Persons: OpenAI, AWS's, Swami Sivasubramanian, Sivasubramanian, Swami Sivasubramanian Noah Berger, Noah Berger, ChatGPT, Andy Jassy, he's, Jassy, Rahul Parthak, Parthak Organizations: Amazon, Services, Companies, Google, Microsoft, Menlo Ventures, AWS

☆ Insurance claim denials: Stories flood social media following UnitedHealthcare CEO shooting
▼ + stars: | 2024-12-06 | by ( Tami Luhby | Clare Duffy | ) edition.cnn.com time to read: +11 min

A major industry group for health insurers criticized some of the social media reactions. “We, at UnitedHealth Group, will continue to be there for those who depend upon us for their health care,” the statement said. Only 43% of adults in the Commonwealth Fund survey said they or their doctor challenged an insurer’s denial of claim. UnitedHealthcare, in particular, has come under public scrutiny as it dramatically increased care denials for its Medicare Advantage enrollees. That far surpassed its competitors, including Humana, whose care denials grew 54% during the same time period.

Persons: Brian Thompson’s, Thompson, Thompson’s, Paulette, ”, Kaye Pestaina, Mike Tuffin, AHIP, “, ” UnitedHealthcare, UnitedHealthcare “, Brian Schmutzler, Taylor Lorenz, you’ve, ” Sara Collins, UnitedHealthcare, ProPublica, Connecticut Sen, Richard Blumenthal, CNN’s Jamie Gumbrecht, Puy Kamp, Daniel Medina Organizations: New, New York CNN, UnitedHealth, . New York police, NBC, CNN, UnitedHealth Group, Police, KFF, The Commonwealth Fund, Court, Commonwealth Fund, Department of Health, Human Services, HHS, Humana Locations: New York, Manhattan, UnitedHealthcare, ., Minnesota, Pennsylvania, enrollees, Connecticut, Majlie

☆ When Brian Thompson Was Killed, the Internet Let Loose on Insurers
▼ + stars: | 2024-12-06 | by ( Scott Nover | ) www.businessinsider.com time to read: +6 min

While the motive behind Thompson's murder remains unknown, the internet treated it as an occasion for ghoulish schadenfreude. What's striking, however, is how the backlash revealed the depth of the bitterness toward health insurers. AdvertisementIn one exchange, a hospital executive acknowledged that many Americans are fed up with health insurers. One day after Thompson's murder, Anthem Blue Cross Blue Shield announced that it was rescinding a controversial plan to limit coverage for anesthesia. An Anthem Blue Cross Blue Shield spokesperson told Business Insider, "It never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services.

Persons: Brian Thompson, ghoulish, Henry Kissinger, it's, didn't, Jill Christensen, UHC, —, Donald Trump, Marianne Udow, Phillips, Axios, Scott Nover Organizations: Facebook, Ivy, LinkedIn, Western Union, Shield, Blue Cross Locations: Midtown Manhattan, TikTok, Washington , DC

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