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☆ Drugmakers bet billions that targeted radiation could become the next cancer breakthrough
▼ + stars: | 2024-09-16 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +9 min

watch nowDrugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. That can allow the treatment to deliver radiation to cancer cells and spare the rest of the body from the level of damage that comes with many cancer drugs. For Pluvicto, patients come in once every six weeks for up to six treatments. One opportunity Bristol Myers Squibb sees is combining radiopharmaceuticals with existing cancer drugs like immunotherapy, said Robert Plenge, Bristol's chief research officer. But she thinks the technology will become an important part of cancer drugs in the next decade.

Persons: Eli Lilly, They've, Michael Schmidt, Schmidt, Franco Origlia, Jacob Van Naarden, Eli Lilly's, Lilly, Biopharma, Van Naarden, Radiopharmaceuticals, Bristol Myers, Ben Hickey, RayzeBio, Hickey, Victor Bulto, Bulto, Timothy Korytko, Ronald Coy, Sharon, Ronald Coy Ronald Coy, Coy, who's, Coy hasn't, she's, we've, Eli Lilly's Van Naarden, Bristol Myers Squibb, Robert Plenge, Susan Galbraith, Galbraith Organizations: Bristol Myers Squibb, AstraZeneca, Guggenheim Securities, Novartis, NSA, Pharmaceutical, Bassett Healthcare Network, Bristol, Fusion Pharmaceuticals, Guggenheim Locations: Aedea Rome, Italy, radiopharmaceuticals, Swiss, FactSet, Bristol, Indiana, U.S, New York, Bassett

☆ At 73, I still have occasional 'shame attacks.' But I'm learning to cope with them better.
▼ + stars: | 2024-09-16 | by ( Louisa Rogers | ) www.businessinsider.com time to read: +5 min

The experience of shame is so intense and visceral that I can't always pinpoint exactly what is going on. "Sweetie, what you're going through is not your fault. It's taken me years to learn, but I know when I'm going through a hard time, I need to be compassionate with myself. Shame feeds off secrecy, and talking to others helps me release itBestselling author Brené Brown maintains what most of us intuitively know: shame is universal. I know I'm not the only person on the planet who experiences it, but when shame consumes me, I feel uniquely worthless.

Persons: —, I'm, Barry, should've, Brené Brown, I've Organizations: Service, Business, TED Locations: Mexico, Guanajuato

☆ 28 of the worst moments on 'Emily in Paris' season 4
▼ + stars: | 2024-09-16 | by ( Amory Rose | ) www.businessinsider.com time to read: 1 min

Emily showed up at Alfie’s gym, leading to him getting punched in the face. Emily surprised Alfie at his boxing gym when she knew he didn't want to see her. STEPHANIE BRANCHU/NETFLIXAt the end of season three, Alfie left Emily at Camille and Gabriel's (almost) wedding after discovering she might still have feelings for Gabriel. At the end of that phone call, Alfie accidentally lets slip that he's near his boxing gym, so Emily jumps at the chance to speak to him in person there. To make matters worse, Emily still asks Alfie to help her with the ad campaign while giving him ice.

Persons: Emily, Alfie, STEPHANIE BRANCHU, Camille, Gabriel's, Gabriel, he's, Ami Organizations: NETFLIX

☆ Taylor Swift endorsed Kamala Harris for president. Donald Trump can't shake it off.
▼ + stars: | 2024-09-16 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewDonald Trump doesn't like Taylor Swift. "I HATE TAYLOR SWIFT!" Donald Trump said he "hates" Taylor Swift on Truth Social on Sunday. "I signed and was responsible for the Music Modernization Act for Taylor Swift and all other Musical Artists. Related storiesIn August, Trump shared AI-generated images to Truth Social that showed Swift and her fans supporting his campaign.

Persons: —, Donald Trump doesn't, Taylor Swift, didn't, Swift, TAYLOR SWIFT, Kamala Harris, Harris, Donald Trump, Trump, Taylor, she'll, he's, Joe Biden, Joe Biden didn't, Crooked Joe Biden, Biden, Melanie Zanona, Mark Burnett, Gareth Cattermole Organizations: Service, Business, Fox & Friends, CNN, Variety, Fox Business, MTV, Trump

☆ Inside Amazon's new AI sales machine: More pressure, more pay, more speed
▼ + stars: | 2024-09-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementThese AWS staffers were asked to find at least one sales opportunity each month for Q, Amazon's AI assistant, and Bedrock, the company's AI platform. AdvertisementMany AWS sales teams have new performance targets tied to AI products. AdvertisementHitting these goals is important for Amazon employees because that can result in higher performance ratings, a key factor in getting a raise or promotion. The "Find One, Launch One, Ramp One" initiative includes AWS sales architects. More pressure but also more rewardsAmazon is also doling out bonuses and other forms of potentially higher pay for AI sales success.

Persons: —, Matt Garman, salespeople, AWS's, Garman, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Service, North, Business, AWS, Messaging, Amazon, Microsoft, Google, BI, there's, Amazon Connect Locations: North America

☆ Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
▼ + stars: | 2024-09-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

In recent months, Saudi Arabia has hosted a flurry of high-profile events, leaders, and dealmaking from the AI world. This year's showcase featured speakers from top AI companies in the West, such as Nvidia, Qualcomm, Google, Microsoft, and OpenAI rival Cohere. Saudi Aramco is working with AI startup Groq to build a new data center in Saudi Arabia. For Saudi Arabia, AI doesn't just present the chance to bet big on tech's latest hype train. Saudi Arabia generated a similar amount of hype around its AI ambitions in March when it held its LEAP conference.

Persons: —, Mohammed bin Salman, Cohere, Saudi Aramco —, Hamad, Mohammed Groq, Groq, Jonathan Ross, doesn't, Adam Selipsky, Arvind Krishna, Abdullah Alswaha, PIF, A16z, Marc Andreessen, Ben Horowitz Organizations: Service, Saudi Arabia's, Business, Global AI, Nvidia, Qualcomm, Google, Microsoft, BlackRock, Cisco, Public Investment Fund, Amazon Web, IBM, Saudi, New York Times, Silicon Locations: Saudi Arabia, Saudi Aramco, Bay

☆ Apple iOS 18 update is live: These are the most important new iPhone security features to protect your private life
▼ + stars: | 2024-09-16 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Apple released the latest version of its iPhone operating system, iOS 18, on Monday, including several new security and privacy features. The rollout comes a week after Apple unveiled new versions of the iPhone, AirPods and Apple Watch. Here's a rundown of some new security and privacy features and how to access them. A new Passwords app to improve on iCloud keychainApple has created a separate app for storing user passwords. AI privacy protectionsSeparately, Apple will soon be launching Apple Intelligence, an artificial intelligence platform developed by Apple.

Persons: Steve Jobs, Apple, Jodi Daniels, Thorin, Klosowski, Daniels Organizations: Apple, Steve, Apple Watch, Red Clover Advisors, Electronic Frontier Foundation, Apple Vision, Apple Intelligence Locations: Cupertino , California, U.S, Keychain

☆ 66-year-old billionaire says there's 1 trait it takes to succeed: 'It doesn't matter how much experience they have'
▼ + stars: | 2024-09-16 | by ( Gili Malinsky | ) www.cnbc.com time to read: 1 min

The 66-year-old co-founded his first company, SecureIT, with his wife in 1996. He then founded three other companies, AirDefense, CipherTrust and CoreHarbor, all of which were ultimately acquired. In 2008, he founded his current venture, cybersecurity company Zscaler, at which he now serves as the CEO. Zscaler has a current market cap of $25.31 billion as of Thursday. When it comes to what traits it takes to succeed, Chaudhry cites one characteristic: passion.

Persons: Jay Chaudhry, Zscaler, Chaudhry Organizations: Forbes

On Friday, Trump told NBC News “I don’t know that much about it. Also on Sunday, Vance once again espoused an unfounded conspiracy theory about Haitian immigrants in Springfield, Ohio, eating pets, disputing claims that the allegations are baseless. “In Springfield, [Ohio], they’re eating the dogs. They’re eating the cats. They’re eating -- they’re eating the pets of the people that live there.

Persons: Ohio GOP Sen, JD Vance, Laura Loomer's, Kamala Harris, Loomer, Harris, Laura, Vance, Donald Trump's, Kristen Welker, Welker, Trump, there’s, ” She’s, Taylor Swift, Travis Kelce, “, they’ve, ”, ” Trump, Don’t, Mike DeWine, Rob, Rue, ‘, DeWine Organizations: Ohio GOP, Sunday, NBC, Republicans, GOP, Radical Left Marxists, Press, Loomer, Trump, Springfield, ”, Ohio's GOP, CBS Locations: Ohio, Springfield , Ohio, what's, Springfield, Philadelphia, “, ”

☆ Turkey's 'balancing act' with BRICS may stoke NATO fears, but the West needn't be too worried, analysts say
▼ + stars: | 2024-09-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Read previewEarlier this month, a spokesperson for Turkey's ruling AK Party said that a process was "underway" for Turkey to join the BRICS group of emerging-market nations. He now appears to be seeking to maintain what experts have dubbed a "balancing act" between its relations with the West, Russia, and China. "Even if Turkey does join BRICS, I do not believe it is going to lead to a fundamental redefinition of Turkey's relationship with the West." Advertisement"Understanding and collaborating with Turkey's perspective can enhance US and NATO relations with Turkey, irrespective of potential administrative changes in Ankara," Can wrote in an article for the Wilson Center. For its part, the US has remained relatively quiet following the news that Turkey's BRICS ambitions may be inching forward, which Aydintaşbaş said was likely a savvy move aimed at avoiding a public dispute.

Persons: —, Omer Celik, Tayyip Erdoğan's, Aydintaşbaş, Erdogan, Bulent Aliriza, Yusuf, Aliriza, there's, Turkey's Organizations: Service, AK Party, Reuters, Business, United, Saudi, NATO, EU, West, Brookings Institution, Russia, China, Eurasia Program, Center for Strategic, International Studies, Middle, Wilson Center, Wilson, of Europe, France Locations: Turkey, Ankara, Turkish, Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, United Arab Emirates, Saudi Arabia, Ukraine, United States, Europe, France, West, Russian, U.S, Washington, Kazan

☆ Elon Musk's battle for free speech is getting expensive
▼ + stars: | 2024-09-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, the seizure indicates that Musk will face significant financial costs to sustain battles over his stated goal of protecting free speech online. Like the US, Brazil has enshrined speech protections in its constitution, but the Brazilian government has wider discretion to ban certain kinds of speech than the US government. The battle between Musk and de Moraes has escalated for months, leading to the seizure of funds from X and SpaceX. It didn't even have a chance to defend itself," The Associated Press reported Brazilian jurist Lênio Streck said on social media.

Persons: —, Elon Musk, Starlink, Alexandre de Moraes, De Moraes, de Moraes, Jair Bolsonaro, Musk, Lord Voldemort, Harry Potter, Rachel Nova Conceicao, Lênio Streck Organizations: Service, Brazil's, X, Brazilian, Business, SpaceX, Musk, Associated Press Locations: Brazilian, Turkey, India, Brazil

☆ Resist the temptation of AI and bet on safe defensive stocks, Wall Street analysts say
▼ + stars: | 2024-09-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

More analysts are recommending "defensive" shares over AI plays as macro conditions change. With some questioning the AI rally, investors could benefit from non-tech growth companies, an analyst said. Similar to BofA's call, Morgan Stanley's Mike Wilson last week called the AI theme "overcooked" and said investors should shift to defensive shares. But in tune with what others had said, Diton also touted that utilities stocks as one meaningful investment to make right now. As bullish on AI as he may be, he warned that the market has become extremely concentrated in tech's leading names, and investors need to diversify.

Persons: —, Morgan Stanley's Mike Wilson, Brad Conger, Hirtle Callaghan, Conger, Morgan Stanley's Wilson, Eric Diton, Diton Organizations: Service, Nvidia, P Global Semiconductor, Bank of America, Vanguard, JPMorgan, Wealth Alliance, Federal Reserve Locations: BlackRock

☆ Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.
▼ + stars: | 2024-09-15 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

AdvertisementIt's a story all too familiar for some older Americans: An unexpected health crisis derails their retirement planning. With insufficient help from health insurance or Social Security, medical bills eat up any savings or income they have. Jones, who gets $2,200 a month in Social Security, has had to take on part-time work, which made her ineligible for some federal assistance. She paid for chemo out of pocket, spending her way through her retirement savings and maxing out her credit cards. Amend said it's crucial for older Americans to believe everything will be OK, noting "your mindset perpetuates what your outcome will be."

Persons: —, Kimberly Mullen, Mullen, She's, she'll, Nancy Altman, Saul Martinez, Karen Knudsen, they've, Uber, Wendy Jones, it's, she's, Jones, Teresa Ghilarducci, , Ghilarducci, Rebecca Buffum, Buffum, I'm, Andrew Whitaker, Marion, Robert Papalia, Papalia, Leonard Bianconi, Bianconi, Gallup, Monique Morrissey, haven't, Harris, Morrissey, Frank, Weeks, he's Organizations: Service, Business, Social Security, American Cancer Society, Social, Walmart, Medicare, New School for Social Research, Schwartz, for Economic, Kaiser Family Foundation, BI, Institute, Biden, American Heart Association Locations: Kentucky, North Carolina

☆ The office market is in trouble. Lower interest rates might not be enough to save it.
▼ + stars: | 2024-09-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Read previewOffices have been the weak spot in the commercial real estate market since the pandemic gave rise to widespread remote work and caused companies to reassess how much space they need. The Federal Reserve's likely interest rate cut, expected at the end of its meeting on September 18, could give office owners some relief with lower interest rates when they refinance. But that doesn't mean they're in the clear, according to commercial real estate experts. Right now, most commercial real estate loans come from small, regional banks, but that could change. AdvertisementYet even with the weakness in the office market, lower interest rates are a net positive for the industry, economist Richard McGahey says.

Persons: —, Lisa Pendergast, Pendergast, Lisa Knee, Knee, It's, Richard McGahey, McGahey Organizations: Service, Business, CRE Finance

☆ A boomer lives on $1,768 monthly Social Security and says she's a few hundred dollars away from losing access to necessities
▼ + stars: | 2024-09-15 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

"Over this past year, because my money has gotten so tight, those friends don't call me anymore," she said. The Huntsville, Alabama resident lives on her $1,768 monthly Social Security checks, according to documents reviewed by Business Insider. Monthly Social Security checks aren't enough for most baby boomers to live on — many have told BI they struggle to afford housing, food, and healthcare. AdvertisementRussell's tight finances contribute to lonelinessRussell retired from her food service broker job six years ago and began collecting Social Security around that time. She pays nearly $900 a month, more than half of her Social Security income, making her severely rent-burdened.

Persons: —, Michelle Russell, Russell, Russell doesn't, Russell didn't, isn't, It's, Pete Organizations: Service, Business, Social Security, Social, Walmart Locations: Huntsville, Alabama

☆ I Joined New York City's Rat Czar to Fight the City's Rodent Invasion
▼ + stars: | 2024-09-15 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.

Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, —, I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem

☆ Why finding a job is so awful right now
▼ + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.

Persons: —, David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon

My mom is a little old-fashioned and has been upset with me for letting my boyfriend significantly influence my financial decisions. She has said multiple times that a man should have no say in my finances until he's put a ring on my finger. One, your mom has hard-won life experiences to offer, and you would be wise to hear her out. Only that we shouldn't reject our parents' advice out of hand simply because they're "old-fashioned" or we think they're "projecting". Instead, it's about nobody having a say over anyone else's finances until they have a genuine stake in them.

Persons: We're, he's, I've, they've, That's Organizations: Service

☆ This 97-year-old has worked at the same hospital for nearly 80 years—her best advice for a long, happy career
▼ + stars: | 2024-09-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Carr started training to become a nurse at Sacred Heart Hospital (now known as St. Luke's Sacred Heart Campus) in Allentown, Pennsylvania during World War II in 1944. All five of Carr's children, and nearly all of her 12 grandchildren, were born at Sacred Heart. Her son-in-law, Vincent Burns, was also born at the hospital — Carr met him hours afterward in the newborn nursery. Photo: St. Luke's University Health NetworkMoments like that have inspired her to continue working at Sacred Heart. Carr's passion is infectious: Her daughter, Grace Loring, worked in the pediatric ward at St. Luke's Sacred Heart Campus for 35 years before retiring.

Persons: Grace Carr, Carr, Edward Carr, Grace, Beth Fogel, Freeland, Edward, Vincent Burns, — Carr, Janet, Carr's, Grace Loring, Loring Organizations: Sacred Heart Hospital, Sacred Heart School of Nursing, U.S, Cadet, Luke's University Health Locations: Allentown , Pennsylvania, Freeland , Pennsylvania, St, Allentown

☆ Insider Today: The unstoppable Sam Altman
▼ + stars: | 2024-09-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

If you're sick of me running the Sunday edition for Matt Turner, I have good news: He's back next week. On the agenda today:This story is available exclusively to Business Insider subscribers. AdvertisementThe first in-person meeting between Vice President Kamala Harris and former President Donald Trump had plenty of fireworks . (JD Vance, Trump's running mate, isn't worried .) AdvertisementBusiness Insider spoke to some middle managers who said the stress was enough for them to consider asking for a demotion.

Persons: —, Matt Turner, He's, Julia Beverly, Getty, Anna Moneymaker, Tyler Le, Kamala Harris, Donald Trump, Harris, — Elon Musk —, Trump, Hillary Clinton, David Muir, Linsey Davis, Taylor Swift, JD Vance, Trump's, isn't, Chelsea Jia Feng, They've, they're, Kiersten, Samantha Lee, aren't, ANDREW CABALLERO, REYNOLDS, Altman's, Sam Altman, Scarlett Johansson, Kevin Cash Organizations: Service, Business, Harris, Trump, ABC, American, Getty, BI, Green Beret, JPMorgan, Bank of America, Getty Images, Apple, Navy

☆ My partner and I went on our first trip together and it caused a big fight. I feared it was the end of our relationship.
▼ + stars: | 2024-09-15 | by ( Edson Montenegro | ) www.businessinsider.com time to read: +5 min

I hadn't cracked the code on what to do when there were rough patches with a partner. But all that changed when I planned and went on my first vacation with my partner to Europe. My partner took care of all the planningOur trip took place across Paris, Marseilles, Madrid, and Seville. AdvertisementWhile my research consisted of watching TikToks, my partner was inadvertently delegated the role of a travel agent. That does not mean that your partner does not like you, that your partner does not appreciate you, or that your relationship is failing.

Persons: —, Lizzie McGuire, Little, Tapas, I'd Organizations: Service, Business Locations: Europe, Paris, Marseilles, Madrid, Seville, Chaumont

☆ 6 major differences between Netflix's 'The Perfect Couple' and the book it's based on — including a dramatically altered ending
▼ + stars: | 2024-09-14 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +7 min

Merritt's death is accidental in the bookMeghann Fahy as Merritt Monaco in "The Perfect Couple." Jack Reynor as Thomas Winbury, Dakota Fanning as Abby Winbury in "The Perfect Couple." The bride-to-be is called Celeste, not AmeliaEve Hewson as Amelia Sacks in "The Perfect Couple." Greer's scandalous past has been invented for the showNicole Kidman as Greer Winbury in "The Perfect Couple." Will, the youngest brother, doesn't exist in the bookSam Nivola as Will Winbury in "The Perfect Couple."

Persons: —, Amelia Sacks, Eve Hewson, Benji Winbury, Billy Howle, Merritt Monaco, Meghann Fahy, Greer Garrison Winbury, Nicole Kidman, Liev Schreiber, Elin Hilderbrand's, Jenna Lamia, Susanne Bier, Hilary Bronwyn Gayle, Lamia, Dakota Fanning, Thomas, Jack Reynor, Abby, Merritt, It's, ingests, Thomas Winbury, Abby Winbury, that's, Greer, Celeste, Amelia Eve Hewson, Celeste Otis, Netflix's, Kidman, That's, Isabel Nallet, Featherleigh Dale, Shooter Dival, Nikki Henry, Donna Lynne Champlin, Greer Winbury, Broderick Graham, Tommy Flanagan, doesn't, Sam Nivola, Will Winbury, Liam Daniel, Winbury, Will, Abby wouldn't, Amelia Organizations: Service, Business, Netflix, London Zoo Locations: Nantucket, British

Below, we've compiled everything you need to know about how to watch UFC 306, including options from around the world. Whether you've never missed a UFC event or you're trying to tune in for the first time, we've got you covered. How to watch UFC 306 in the USUFC 306 is available through ESPN Plus in the US. Check price at ESPNHow to watch UFC 306 everywhere elseIn the UK, you can watch UFC on TNT Sports through Discovery Plus. For the first time ever, a UFC event will be held at the MSG Sphere in Las Vegas, Nevada.

Persons: Sean O'Malley, Merab Dvalishvili, O'Malley, Dvalishvili, Alexa Grasso, Valentina Shevchenko, you've, we've, ExpressVPN, Prelims, Brian Ortega, Diego Lopes, Daniel Zellhuber, Esteban Ribovics, Ronaldo Rodriguez, Osbourne, Irene Aldana, Norma Dumont, Manuel Torres, Ignacio Bahamondes, Yazmin, Ketlen Souza, women's, Edgar Chairez, Kevin Borjas, Raul Rosas Jr Organizations: Business, Noche, UFC, ESPN, TNT, UK, ESPN Plus, TNT Sports, Discovery, & Company, Phish Locations: Riyadh, Canada, Las Vegas , Nevada

☆ The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
▼ + stars: | 2024-09-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Read previewBipartisan momentum is building around a sovereign wealth fund that could help the United States reduce its national debt or fund ambitious projects. And former President Donald Trump recently called for a similar state-owned investment fund to finance "great national endeavors" during a campaign stop at the Economic Club of New York. AdvertisementAlaska's fund offers benefits that mimic a universal basic income — a no-strings-attached, recurring payment distributed to people regardless of socioeconomic status. Federal lawmakers likely see a sovereign wealth fund serving a different purpose, like supporting industries or financing supply chain initiatives. Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.

Persons: —, Joe Biden's, Donald Trump, Sarah Cowan, Winston Ma, Hunt, Ma Organizations: Service, White, Economic, of New, Business, Alaska Permanent Fund, NYU, Unicorns, Fund Locations: United States, of New York, American, Alaska

In Japan, for example, most people are actually quite satisfied with housing costs. In recent years, rising rents and home prices driven by a severe housing shortage — coupled with elevated mortgage rates — have caused Americans' housing costs to soar to near-record levels of unaffordability. Some experts have pointed to Japan, where housing costs are lower than peer countries, as a potential model for solutions the US could adopt. While Japan's abundance of housing isn't entirely a positive story, when it comes to Tokyo, housing experts say there are many lessons the US could learn from its ally. AdvertisementWhile a population slowdown could help moderate housing costs, some experts believe a substantial population decline would have big economic consequences in the long run.

Persons: —, aren't Organizations: Service, Business, Housing, Gallup Locations: Japan, Israel, Turkey, Slovenia, Portugal, United States, Tokyo

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