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☆ German powerhouse Thyssenkrupp books $1 billion impairment on struggling steel unit
▼ + stars: | 2024-11-19 | by ( April Roach | ) www.cnbc.com time to read: +1 min

A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. Germany's Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged "gloomy volume" expectations and structural challenges in the sector. The firm said its net loss of 1.5 billion euros in the fiscal year ending Sept. 30 — after deducting minority interest — was mainly due to asset impairments totaling around 1.2 billion euros, of which 1 billion euros were undertaken by its Steel Europe division. "In respect of our main strategic issues, the current fiscal year will be a year of decisions – especially for Steel Europe and Marine Systems," CEO Miguel Lopez said in the firm's Tuesday statement. "In parallel, we are seeking to further improve the performance of all our businesses and better leverage the opportunities presented by the green transformation."

Persons: Ying Tang, Germany's Thyssenkrupp, —, Miguel Lopez Organizations: Getty, Steel Europe, Marine Systems Locations: Duisburg, Germany

☆ Ukraine says Russia's unstoppable hypersonic missiles had another bad night
▼ + stars: | 2024-11-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementUkraine said it destroyed nearly all the hypersonic missiles that Russia fired in a big weekend attack. The Ukrainian military said it destroyed nearly all of the hypersonic missiles Russia launched as part of a massive bombardment over the weekend. The purported success of Ukraine's air defenses during the engagement marks the latest blow to the reputation of Russian hypersonic weapons, which Moscow has touted as highly advanced systems that are basically unstoppable. AdvertisementUkraine has several air-defense systems that it says are capable of taking down Russia's hypersonic missiles, including the French/Italian-made SAMP-T and American-made MIM-104 Patriot battery. The Kiel Institute for the World Economy, a German research institute, notes that data on hypersonic missile interception rates is scarce.

Persons: Vladimir Putin, Gorshkov, SERGEI SUPINSKY, Oleksandr Syrskyi, Syrskyi, Lockheed Martin Organizations: Russia, Russian Ministry of Defense, Russian, NATO, Getty, Kyiv, Kiel Institute Locations: Ukraine, Russia, Moscow, Russian, Kyiv, AFP

☆ RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
▼ + stars: | 2024-11-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Kennedy will likely have some influence over who the president-elect chooses for those roles, health policy experts said. Ultimately, Kennedy's influence over immunization policy could lead to an increase in diseases preventable by vaccines, several health policy experts told CNBC. Investors are already bracing for a crackdown on food policy, with shares of processed food companies, such as Pepsi and Coca-Cola , falling on Friday. Seigerman said "there is little precedent in recent history for HHS policy dictating or affecting FDA regulation or approval of drugs." In 2023, pharmaceutical companies spent nearly $3 billion on advertising for the 10 most promoted drugs.

Persons: Robert F, Kennedy Jr, Thomas Machowicz, Donald Trump, Kennedy, Trump, trifecta, Spokespeople, Brandon Guerrero, Christina House, Gostin, Josh Michaud, Lawrence Gostin, Michaud, he's, Genevieve Kanter, Kanter, Covid, Richard Frank, Frank, Evan Seigerman, Seigerman, Dave Latshaw, Latshaw, Drugmakers, Joe Biden's, Amy Campbell Organizations: Reuters, Department of Health, Human Services, Republican, HHS, Affordable, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, CNBC, CVS, Los Angeles Times, Getty, Health Defense, NBC News, FDA, NPR, Georgetown University, CDC, Vaccines, Children, Kennedy, NIH, University of Southern, Brookings Schaeffer Initiative, Health, pharma, RFK, BMO Capital, Pepsi, Trump, University of Illinois Chicago School of Law Locations: Phoenix , Arizona, U.S, Compton, Huntington Park, Kennedy ., University of Southern California

☆ Ukraine launched its first deep ATACMS strike on Russia after getting US approval
▼ + stars: | 2024-11-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

AdvertisementUkraine fired US-made ATACMS missiles at Russia for the first time, Russia said. It's the first time Ukraine has used the weapons against Russia. Ukraine fired US-supplied ATACMS long-range missiles into Russia for the first time, marking a significant escalation in the war. It comes after President Joe Biden this week authorized the use of the powerful missiles by Ukraine in a major change in US policy. The move seemed a direct response to US approval for Ukraine to use US-made long-range missiles to attack Russia.

Persons: Joe Biden, Vladimir Putin Organizations: Ukraine, Army Tactical Missile Systems, Russian Ministry of Defense, Military Locations: Russia, Ukraine, Russia's Bryansk region, Russia's Bryansk

☆ Nvidia's Blackwell cooling issues were resolved months ago, chip experts say
▼ + stars: | 2024-11-19 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

AdvertisementNvidia's Blackwell chip presents cooling challenges for customers. First, there were chip design issues, which CEO Jensen Huang has since said are fully resolved. "I think the overheating issues have been present for months and they have largely been addressed," Patel told Insider. AdvertisementIn addition to engineering and operational challenges, liquid cooling at scale brings with it a list of environmental concerns. Despite the hard work and environmental strain, of converting to liquid cooling, the incentives are strong.

Persons: Nvidia's Blackwell, Blackwell, Jensen Huang, Dylan Patel, Patel, Meta, Eugene Kim, Semianalysis, Huang Organizations: Nvidia, Blackwell, Semianalysis, BI, Amazon Locations: Semianalysis, Blackwell

☆ With Elon Musk in tow, Trump eyes changes to government policies on AI and its risks
▼ + stars: | 2024-11-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.

Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, ”, Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, “, Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, ”, California

But many Syracuse residents feel that a potential threat to their health is being ignored. “This is morally outrageous.”City officials say that more than 14,000 homes receive water from lead pipes, which comprises about a quarter of residences citywide. In Syracuse, officials say there is no lead in the lake that provides drinking water to residents. That’s faster than EPA guidelines that call for lead pipes to be replaced within a decade. Activists hope Syracuse officials will learn lessons from the Flint water crisis, during which almost 30,000 children drank and bathed in lead-laced water before the EPA stepped in.

Persons: retesting, Maureen Murphy, Mike Groll, ”, Erik Olson, NRDC, Greg Loh, Loh, “ We’ve, ” Loh, Robert Brandt, ” Brandt, Oceanna, Fair, Ella, it’s, Dr, Nicole Brescia, Ella’s, Kyla Guilfoil, Erin McLaughlin, Emily Berk, Elizabeth Chuck Organizations: Syracuse City Hall, Environmental Protection Agency, Centers for Disease Control, CDC, EPA, Natural Resources Defense Council, Syracuse, NBC News, New York State Department of Health, Water, Oceanna, Health Department Locations: SYRACUSE, New York, Flint , Michigan, Syracuse, N.Y, Flint, Michigan, week’s, “, Onondaga County

The Library of Congress said hackers broke into its communications systems and were able to read its email correspondence with congressional offices for most of this year. In a private notification sent Friday to some congressional offices, obtained by NBC News, the Library of Congress said that hackers “accessed email communications between congressional offices and some Library staff, including the Congressional Research Service.” The hackers had access from January until September, the notification said. The Library of Congress, the world’s largest library, offers a dedicated research staff for Congress. Last year, it gave congressional staffers more than 76,000 custom responses to inquiries, according to its most recent annual report. Bill Ryan, director of communications at the Library of Congress, told NBC News in an email that the software vulnerability the hackers used to gain access has been “mitigated.”“The Library has referred the matter to law enforcement and is also conducting its own analysis of the breach,” Ryan said.

Persons: Bill Ryan, ” Ryan, ”, Chuck Schumer Organizations: Congress, NBC News, of Congress, Congressional Research Service, Library of Congress, ., Russian Embassy, Washington , D.C, Embassy Locations: United States, China, Russia, U.S, Russian, Washington ,

☆ Dental supply stock surges on RFK's anti-fluoride stance, activist involvement
▼ + stars: | 2024-11-18 | by ( Alex Harring | ) www.nbcnews.com time to read: +3 min

Monday’s moves come as investors ready for public health changes under a second Trump administration. But the mineral has found itself at the center of a nationwide fight that’s led some local communities to end programs centered on its insertion into public water. Gordon Haskett’s Bilson also pointed out that dental stocks were some of the few “spared” health-focused equities as investors responded to the announcement of Kennedy’s nomination last week. And advertising.”While the market appears to be moving on Kennedy’s nomination, Bilson said that regulatory changes would likely take years to come into effect. He also noted that drinking water should fall more under the Environmental Protection Agency than Health and Human Services.

Persons: Henry Schein, Robert F, Kennedy Jr, Donald Trump’s, Envista, Trump, Kennedy, that’s, Gordon Haskett, ” Don Bilson, Gordon Haskett’s, ”, Gordon Haskett’s Bilson, ” Bilson, “ Drugmakers, Bilson Organizations: Health, Human Services, Trump, RFK, HHS, Pharmaceutical, Environmental Protection Agency Locations: U.S

KYIV, Ukraine — The Ukrainian capital was blanketed by darkness Monday, even as residents were bolstered by a sense that their American allies had — finally — seen the light. "It is excellent news for us and a significant move," Kyiv resident Maryna Vlasenko, 39, told NBC News. She also bemoaned the lengthy process and the continued limits on Ukraine's use of the long-range weapons, however. A charred vehicle sits outside a residential building in Sumy, Ukraine, after a Russian missile strike Sunday. “Ukrainians don’t have the luxury of waiting while Russia continues killing civilians in Mykolaiv, Sumy, and pushing on the eastern front,” he added.

Persons: —, Joe Biden, Donald Trump, Maryna Vlasenko, ” Vlasenko, ”, Kyiv's, Kim Jong, Alfons Cabrera, Volodymyr Zelenskyy, Vlasenko, Dmitry Peskov, Biden, ” Trump’s, Mike Waltz, “, John Hamilton, Michael Bociurkiw, “ They’re, ” Frank Ledwidge, Ledwidge, “ It's, Vladyslav Faraponov, Donald Trump’s, Faraponov, don’t, Daryna Mayer Organizations: Kremlin, NBC, Ukrainian Emergency, Getty, Army Tactical Missile Systems, White, Rossiyskaya Gazeta, Fox &, U.S . Army, Army Tactical Missile, Council’s Eurasia, England’s University of Portsmouth, Institute of American Studies Locations: KYIV, Ukraine, Russia, Russian, Odesa, Kursk, U.S, Moscow, Ukrainian, Sumy, Kyiv, Washington, Florida, AFP, “, British, Mykolaiv, Hong Kong

Beyoncé is expected to perform at the halftime show for the Christmas Day matchup between the Houston Texans and Baltimore Ravens, which will be streaming live on Netflix. The streaming service announced the game's halftime performance in a statement Sunday. The album included contributions from artists including Dolly Parton, Willie Nelson, Miley Cyrus, Post Malone and Shaboozey, among others. The streaming service said it hopes the holiday matchups become a tradition. Netflix said it will livestream the Kansas City Chiefs' game against Pittsburgh Steelers starting at 1 p.m.

Persons: Beyoncé, Netflix livestreams, Cowboy Carter, Dolly Parton, Willie Nelson, Miley Cyrus, Post Malone, Shaboozey, DeVille, Mike Tyson, Jake Paul, “, ” Beyoncé, Bruno Mars Organizations: Houston Texans, Baltimore Ravens, Netflix, Texans, Ravens, NRG, Coldplay, Super, NFL, Kansas City Chiefs, Pittsburgh Steelers Locations: Beyoncé's, Houston, New Orleans, Santa Clara , California

☆ Rain and snow fronts expected before and during Thanksgiving week, forecasters say
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

Multiple weather fronts will push rain and snow into the Midwest, the Southeast, the mid-Atlantic and the Northeast ahead of Thanksgiving week and some of the year's busiest travel days. Rain, snow expected this weekStarting in the Pacific Northwest, a "long duration atmospheric river" was expected to bring 5 inches of rain and at least 3 inches of snow to Oregon and Northern California beginning as early as Monday, federal forecasters and academic researchers said. The rest of the country is likely to get normal precipitation or below-normal rain during that time, the prediction center said. American Airlines said in a statement Thursday that it expects to set a record for passengers served during the holiday span, with nearly 8.3 million expected. It may be too early to tell whether brewing rain and snow systems will thwart travel and spending plans.

Persons: —, Snow Organizations: National Weather Service, NBC, Western, Center, . Federal, Prediction, San, American Airlines, American, National Retail Foundation Locations: Texas, Oklahoma, West Texas, Abilene, Wichita Falls, Midland, Dallas, Fort Worth, Pacific Northwest, Oregon, Northern California, San Diego, Colorado , Kansas , Nebraska, South Dakota, Wyoming, Northwest, Ohio, East Coast, Great, New England, New York , New Jersey, Pennsylvania, U.S, California, Pacific Northwest , Montana , North Dakota, South Dakota , Nebraska , Iowa, Minnesota, Wisconsin, Michigan, San Francisco Bay

☆ Jim Cramer weighs Nvidia stock after report of Blackwell AI chip overheating
▼ + stars: | 2024-11-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday considered the stock of Nvidia in light of a report that the company is having overheating issues with servers for its newest graphics chips that enable advanced artificial intelligence functions. But Cramer wasn't overly concerned, saying he views the stock decline as an investing opportunity. Nvidia stock was down 1.29% by Monday's close, and investors are waiting to see what the $3.4 trillion-dollar company will say in its earnings report on Wednesday. Cramer reiterated his faith in the company and the stock. Cramer also pointed out that Dell CEO Michael Dell, whose company is a major Nvidia customer, posted Monday that Nvidia's servers had started shipping.

Persons: CNBC's Jim Cramer, Cramer, Jensen Huang, Monday's, Michael Dell, he's Organizations: Monday, Nvidia, CNBC, Dell

☆ British Airways says it’s fixing ‘technical issue’ amid flight delays
▼ + stars: | 2024-11-18 | by ( Lauren Kent | ) edition.cnn.com time to read: +1 min

London CNN —British Airways is working to fix a “technical issue,” according to a spokesperson for the airline on Monday, as reports emerged on social media of flight delays and IT issues with the flag carrier. “Our flights are currently operating, but are experiencing delays as our teams work to resolve a technical issue affecting some of our systems,” a British Airways spokesperson said. Heathrow Airport, which is the airline’s main base in London, said it was working with British Airways to provide updates to passengers. “We are aware of a technical issue that British Airways are investigating. All other airlines are operating as normal at Heathrow, the Heathrow Airport spokesperson added.

Persons: ” Organizations: London CNN — British Airways, British Airways, Heathrow Airport, CNN, Heathrow, British Airways ’ Locations: London, United Kingdom, United States

☆ Russia warns U.S. is adding fuel to fire with long-range missile decision
▼ + stars: | 2024-11-18 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Local residents walk past destroyed houses in the city, approximately 10 km from the frontline, on November 16, 2024 in Pokrovsk, Ukraine. Libkos | Getty ImagesThe Kremlin has lashed back against a White House decision to now allow Ukraine to use U.S.-made long-range weapons for limited strikes inside Russian territory. "The issue is not about allowing the Ukrainian regime to strike Russia with these weapons or not. The issue is about making a decision: NATO countries directly participate in the military conflict or not. Ukraine's President Volodymyr Zelenskyy addresses lawmakers as he presents the so-called 'Victory Plan' during a parliament session, amid Russia's attack on Ukraine, in Kyiv, Ukraine October 16, 2024.

Persons: Joe Biden, Biden, Volodymyr Zelenskyy, Dmitry Peskov, Vladimir Putin, Sergei Ilnitsky, Putin, Zelenskyy, Andrii Nesterenko Organizations: Libkos, White, NBC, Artillery Rocket Systems, Ukraine, Ukrainian, Reuters, Commonwealth of Independent States, CIS, Google, Ria Novosti, NATO, Kremlin, Institute for, Tactical Missile Locations: Pokrovsk, Ukraine, Washington, U.S, Moscow, Russian, Russia, NATO, United States, Kursk Oblast, Kyiv

☆ 2 health stocks are buys. They've been beaten up enough on Trump's RFK Jr. pick for HHS
▼ + stars: | 2024-11-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Following Monday's trade, Jim Cramer's Charitable Trust will own 550 shares of DHR, increasing its weighting to roughly 3.6% from 3.4%. Since the election, Danaher shares have fallen from $250 each to $230 while Eli Lilly shares have dropped from $806 to $720. LLY YTD mountain Eli Lilly YTD Eli Lilly shares fell from $903 to $846 after a disappointing third-quarter report where inventory destocking of its fast-selling GLP-1 medications caused the company to miss estimates and lower full-year guidance. But the possible appointment of RFK Jr. has created a whole host of uncertainty for Eli Lilly and the drug stocks at large. If you look out to 2026, Lilly shares are trading at roughly 24 times.

Persons: Jim Cramer's, Donald Trump, Robert F, Kennedy Jr, We're, Danaher, Eli Lilly, Bioprocessing, Eli Lilly's, Lilly, Jim Cramer, Jim Organizations: DHR, Care Sector Fund, Department of Health, Human Services, RFK Jr, National Institutes of Health, HHS, CNBC Locations: Danaher

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ Verily has a December deadline to cut important ties with Google, leaked documents show
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Verily has told employees it ultimately intends to become an independent company. Verily, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google, according to two people familiar with the matter and internal documents reviewed by Business Insider. Related Video How tech layoffs could affect the economyVerily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. "Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. AdvertisementAn internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature.

Persons: Verily, Steven Cooper, Larry Page, Sergey Brin, Waymo Organizations: Google, Staff, Business, Sciences, BI

☆ Blackwell is key to Nvidia's next growth phase. The new AI chip has reportedly hit an overheating snag.
▼ + stars: | 2024-11-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Blackwell chips are key for AI development, promising improved speed over Nvidia predecessors. The chips are also considered a key growth driver for Nvidia, with one analyst previously likening Blackwell to an iPhone moment. Last month, Nvidia CEO Jensen Huang told CNBC that "demand for Blackwell is insane" and separately said that Blackwell is sold out for the next 12 months. AdvertisementNvidia has already delayed shipment of the next-generation AI chips by a quarter after The Information reported in August that it had design flaws. SoftBank is the first customer to use Nvidia's Blackwell chips, the companies said at Nvidia's AI summit in Japan last week.

Persons: Blackwell, Hopper, Jensen Huang, Beth Kindig, Huang, Nvidia's Blackwell Organizations: Nvidia, Companies, CNBC, Amazon Web, Meta, Microsoft, Reuters, Business Locations: TSMC, Japan

☆ Russia's engagement with the Houthis as they lob missiles at ships is getting 'serious,' US official says
▼ + stars: | 2024-11-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementRussia could offer support to the Iran-backed Houthis as they menace key shipping lanes. A senior US State Department official said Moscow is engaging with the rebels at a "serious level." Russia could decide to help the Houthis with their Red Sea attacks and is engaging with the Iran-backed rebels at a "serious level," a senior US State Department official said. "It does seem as though there is a fairly serious level of engagement happening," Lenderking said of the Houthis and Russia. Tehran has provided Moscow with lethal aid, including missiles and drones similar to what it has given the Houthis in previous years.

Persons: Yemen Tim Lenderking, Lenderking, Vladimir Putin, Mohammed Hamoud Organizations: US State Department, State Department, United, Lebanese Hezbollah, US Navy, US Locations: Russia, Iran, Moscow, Yemen, Saudi Arabia, Washington, Ukraine, United Nations, Lebanese, Israel, Tehran, Gulf of Aden, Red

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ What is impoundment? How Trump thinks he can control spending without Congress
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —“Impoundment” is another word that Americans may need to learn in the vernacular of President-elect Donald Trump’s second term. Trump took the time to record a video about impoundment during the Republican primary season, and he promised seizing control over spending from Congress would be a top priority if he was elected. Impoundment occurs when Congress appropriates money that the president then declines to spend. As a result of these standoffs, Congress passed a law to curtail a president’s use of impoundment, particularly for policy reasons. The Impoundment Control Act of 1974 did a lot more than that, however.

Persons: Donald Trump’s, ”, Trump, Thomas Jefferson, Richard Nixon, Nixon, Volodymyr Zelensky, Joe Biden, Trump’s, “, Vivek Ramaswamy, Elon Musk, DOGE –, Ramaswamy, ” Ramaswamy, Matt Gaetz, Jimmy Carter, It’s Organizations: CNN, Senate, Republican, Congress, Congressional Research Service, Office, Capitol, Supreme, overreach, Elon, “ Department, Government, Alcohol, Tobacco, Firearms, Explosives, Ramaswamy, Department of Education, Nuclear Regulatory, Trump, FBI Locations: Mississippi, Louisiana, France, Ukraine, Trump’s, Ohio, Washington

☆ A product manager shares the résumé that got him a $300,000 job at Amazon — and 3 regrets about it, including writing that sounds 'very pompous'
▼ + stars: | 2024-11-18 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

AdvertisementSiddharth Kashiramka joined Amazon in 2022 as a product manager for AI projects. He worked as a product manager at Capital One and was previously a consultant at PwC. Show variety: Throughout the résumé, Kashiramka used a range of keywords, including "leveraged," "delivered," "established," and "collaborated." One page résumé: "I think the résumé should be one page," he said about keeping the document short. Kashiramka is a senior product manager at Amazon's office in Crystal City, Virginia.

Persons: Siddharth Kashiramka, Alicia Tillman, Kashiramka Organizations: Amazon, Capital, Big Tech, ATS, Meta, Google, PwC, Business Locations: Virginia, Seattle, Crystal City , Virginia

☆ Shares of Nvidia and AMD go different ways — here's Jim Cramer's advice on both AI chip stocks
▼ + stars: | 2024-11-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. When asked for comment on The Information report, an Nvidia spokesperson emailed a statement to the Investing Club: "NVIDIA GB200 systems are the most advanced computers ever created. That doesn't seem like the right reason to race out and buy AMD stock Monday, though. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Donald Trump's, Jim, White, doesn't, he's, Michael Dell, Blackwell, AMD's, he'd, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Club, Nvidia, Blackwell, Dell, Investing, NVIDIA, Devices, AMD, IBM, Microsoft, Meta, CVS Health, Netflix, Warner Bros Discovery

☆ Pruna compresses AI models to make them more efficient. Check out the pitch deck the startup used to raise $6.5 million.
▼ + stars: | 2024-11-18 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementPruna AI has secured $6.5 million from EQT Ventures to compress AI models. Paris and Munich-based software startup Pruna AI has secured $6.5 million from EQT Ventures. The startup has developed an optimization tool for compressing AI models so that they require less compute and energy. The startup's customers are midsize to large companies with their own AI models that can rake in huge compute bills. As a result, Charpentier found that there was appetite from investors looking to make AI cheaper and more sustainable.

Persons: Bertrand Charpentier, Charpentier, Carl Svantesson, Roxanne Varza, Hervé Nivon, Olivier Pomel Organizations: EQT Ventures, BI, Paris Locations: Munich, Paris, Daphni

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