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☆ WindRunner: Gigantic new aircraft design aims to create the largest plane ever to fly
▼ + stars: | 2024-03-19 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +3 min

Larger wind turbines produce more power than standard ones, but the components are too big to be transported by road. Meet the WindRunner airplane, whose mission will be to deliver gigantic 300-foot-long blades directly to wind farms. So WindRunner will have a cargo bay volume of 272,000 cubic feet, enough to hold three Olympic swimming pools. That’s 12 times the volume of a Boeing 747-400 and – at 356 feet in length, it’s 127 feet longer too. Currently, turbine blades today are ordinarily 230 feet or less (70 meters), but Radia wants to deploy blades of up to 104 meters (341 feet).

Persons: CNN —, Radia, Mark Lundstrum, Energy Ernest Moniz, Malcolm Turnbull, It’s Organizations: CNN, Boeing, FAA, Federal Aviation Administration, Bloomberg, XXL, MIT, Radia, Royce, Energy, Beluga XL, Airbus Locations: Colorado, Ukraine

☆ Election Updates: Five states vote today. Here are the races to watch.
▼ + stars: | 2024-03-19 | by ( Chris Cameron | Jonathan Weisman | ) www.nytimes.com time to read: +7 min

In today’s newsletter, I’m going to tell you about some fascinating primary races that will shed light on some broader trends in U.S. politics. Mike Bost, a Republican and Marine Corps veteran, was first elected to the House in 2014. Don’t say ‘age’Democrats have their own issues that are captured in races in their stronghold of greater Chicago. But to the Democratic establishment, “age” is a word not spoken aloud, not with President Biden in the White House. But similar issues driving their primary fights will play out in swing House districts and swing states across the country.

Persons: Mike Bost, He’d, Darren Bailey, Donald J, J.B, Pritzker, Bailey, Bost, Mike, ”, Trump’s, Matt Gaetz, Trump, Danny Davis, he’s, Melissa Conyears, Ervin, Kina Collins, Biden, Davis, Davis’s, “, Jesús, García, Raymond Lopez of, Lopez, Jennifer Medina, Ruth Igielnik, Krystle Kaul, Jennifer Wexton, Eileen, Jennifer Boysko, Dan Helmer, Helmer, Kaul, Suhas, —, Kaul bristled Organizations: Illinois’s, Congressional, Republican, Marine Corps, State Legislature, Committee, Veterans ’ Affairs, Trump, Trump Republican, Democratic, House, The Chicago Tribune, Congressional District, American Democrats, Chicago, Mexican American, Republicans, Washington , D.C, Virginia, Army, Democrat Locations: Illinois, Lincoln, Washington, Chicago, Lake Michigan, Illinois’s, Chuy, Raymond Lopez of Chicago, García, Mexican, Virginia, exurbs, Washington ,, Virginia’s 10th, America

☆ The CEO of budget airline Ryanair says his potential $109 million bonus is great value for shareholders compared to the money star athletes make
▼ + stars: | 2024-03-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

CEO Michael O'Leary is set for a $109 million bonus dependent on the company's stock price rising. He told the Journal it's "very good value for Ryanair shareholders" compared to star soccer players. AdvertisementThe CEO of ultra-low-cost airline Ryanair told The Wall Street Journal his potential $109 million bonus is "very good value" compared to star athletes. Mbappé, the captain of the French national team and arguably the best soccer player in the world, has agreed to a signing bonus of 150 million euros ($162 million) across five years with Real Madrid, the BBC reported. "The funny thing we've learned over the years is actually the bad publicity sells far more seats than the good," O'Leary told The Journal.

Persons: Michael O'Leary, —, it's, O'Leary Organizations: Ryanair, Europe's, Service, Wall Street, Financial Times, Journal, Real, French national, Real Madrid, BBC Locations: Real Madrid

☆ Uber: Taxi drivers in Australia win $179 million from ride-sharing giant
▼ + stars: | 2024-03-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Uber will pay more than 8,000 taxi and hire car drivers in Australia almost 272 million Australian dollars ($179 million) in compensation for losses they suffered after the ride-sharing giant entered the country in 2012, lawyers representing the drivers said Monday. It has also made “significant contributions to various state-level taxi compensation schemes” in Australia since 2018, according to the company. Uber now teams up with taxi drivers in many countries. “This caused loss of income to authorized taxi drivers and operators, and hire car operators. In a statement on its website, Uber Australia said ride-sharing regulations did not exist anywhere in the world when it launched more than a decade ago.

Persons: London CNN — Uber, Maurice Blackburn, Uber, ” Maurice Blackburn, “, ” Uber, —, ”, Elizabeth O’Shea, Letitia James, Lyft, Dhruv Tikekar Organizations: London CNN, Maurice Blackburn Lawyers, New York Locations: Australia, — Victoria, New South Wales, Queensland, Western Australia, United States, United Kingdom, York

As Mark Robinson completed his rapid six-year rise from conservative internet sensation to the Republican nominee for North Carolina governor, he worked relentlessly to sell his political vision to evangelical Christians. Traveling from church to church and thundering away on social media, he condemned “transgenderism” and “homosexuality” as “filth.” He said Christians should be led by men, not women. And on at least one occasion, he explicitly called to upend American tradition on God’s role in government. “People talk about the separation of church and state,” Mr. Robinson, North Carolina’s lieutenant governor, said in a speech in October. Trying to find it in the writings of any patriot, anywhere, and I cannot.

Persons: Mark Robinson, “ transgenderism, ”, Mr, Robinson, North, “ I’m Organizations: Republican, North Locations: North Carolina, America

☆ A 'server anomaly' that made it look like some advertisers were bidding billions of dollars sent the adtech industry into chaos
▼ + stars: | 2024-03-18 | by ( Lara O'Reilly | ) 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. AdvertisementBusiness Insider confirmed that the cause of the error was a brief "server anomaly" at PubMatic, an adtech company. A PubMatic spokesperson said the anomaly, at one of its US data centers, caused "abnormally high CPMs being passed to the publisher ad server on a limited number of impressions." The PubMatic error occurred in the communication that happened between the SSP and PubMatic's ad server, according to the company. The actual financial impact for individual publishers and adtech companies is likely to be minimal.

Persons: —, Nicolas Schueller, Adomik, Friday's snafu, Kargo, aren't, PubMatic, Scott Messer Organizations: Service, Business, Publishers, CNN, AMC Networks, Fox, The New York Times, Delta Airlines, Comcast Locations: PubMatic, Friday's

☆ I tried the AI robot massage table coming to Equinox. It's impressive, but I still prefer a human.
▼ + stars: | 2024-03-17 | by ( Ana Altchek | ) www.businessinsider.com time to read: +8 min

Equinox is getting an AI massage table this summer and it's the first of its kind to launch in the US. So naturally, I had to test out the new Aescape AI massage that Equinox is adding to its New York City locations in June. It's the first fully automated, customizable massage experience available commercially in the US, with two long robotic arms that massage you in tandem. The table is located in a dimly lit room with a large dresser, mirror, and robotic massage table in the center. Beider also said Aescape's massage table isn't an option for everyone.

Persons: —, I've, It's, Eric Litman, Rachel Beider, Aescape, Ana Altchek, Litman, Molly O'Connor, Frank Sinatra, Beider, didn't, We've, you'll Organizations: Service, Massage, PRESS Locations: Paris, New York City, Colombia, COVID

☆ Celebrities have scored free food, sometimes for life, from places like Dunkin', McDonald's, and more. Here's how.
▼ + stars: | 2024-03-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Brands like Chipotle frequently give celebrities and other influential figures passes for free food, hoping they'll post about it and promote the brand to their millions of followers. McDonald'sMcDonald's has reportedly issued free food cards at the franchisee and corporate level. AdvertisementBerkshire Hathaway CEO Warren Buffett has said he has a McDonald's card good for free food in his hometown of Omaha, Nebraska. AdvertisementBill Gates' McDonald's Gold Card reportedly entitles him to free food for life at any location. Burger KingBurger King started giving celebrities cards for a lifetime of free food in 2006 and had given out around a dozen by 2008, according to Ad Age.

Persons: —, Olivia Rodrigo, Chipotle, Here's, McDonald's McDonald's, Berkshire Hathaway, Warren Buffett, Buffett, Rob Lowe, Lowe, David Peterson, McDonald's, Sen, Mitt Romney, Romney, George Romney, Ray Kroc, Bill Gates, Stephanie Perdue, Perdue, Chris Nikic, Roy Murray, Tony Hawk, Big Sean, Addison Rae, Abby Wambach, Candice Beck, Ozzy Osbourne, Burger, Burger King Burger King, Jennifer Hudson, Hugh Laurie, didn't, George Lucas, Robert Downey Jr, Jay Leno, Burger King, Ed Sheeran, Jack Whitehall, Nando's, Dunkin, Novak, DunKing Ben Affleck, that's Organizations: Service, Business, Berkshire, Wall Street, Brand, Burger King, Ad, BK Locations: Omaha , Nebraska, Santa Barbara, Goleta , California, Santa, Chipotle, Burger

☆ People are using AI to talk to dead celebrities like Marilyn Monroe. Not everyone is excited about it.
▼ + stars: | 2024-03-17 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

South By Southwest attendees got to speak with a Marilyn Monroe AI chatbot. But critics say celebrities who can't consent should not be used in AI recreations. Meta CEO Mark Zuckerberg said previously that he thinks AI celebrities will become popular. AdvertisementLast year, Robin Williams's daughter, Zelda, said that she found AI recreations of her father's voice to be "personally disturbing." AdvertisementSoul Machines partnered with Authentic Brands Group — which acquired the rights to Marilyn Monroe's intellectual property in 2018 — to create the AI Marilyn, according to Deadline.

Persons: Marilyn Monroe, —, Kim Kardashian, Mark Zuckerberg, Meta, Tom Brady, Kendall Jenner, Naomi Osaka, Chris Paul, Charli D'Amelio, Israel Adesanya, Roy Choi, Dwayne Wade, Zuckerberg, Marilyn, Marilyn chatbot, Maureen Lee Lenker, Robin Williams's, Zelda, Williams, Marva Bailer, Bailer, Marilyn Monroe's, Elvis Presley, Muhammad Ali, Shaquille O'Neal, David Beckham Organizations: Southwest, Service, Kanye West, SXSW, Federal Trade Commission, Machine, Machines, Fox News, Authentic, Brands, Fox Locations: United States

☆ Israeli tank 'likely' opened fire on reporters with a heavy machine gun, says report
▼ + stars: | 2024-03-16 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

A UN investigation found that an Israeli tank deliberately targeted identifiable journalists. AdvertisementA UN inquiry found that an Israeli tank killed Reuters journalist Issam Abdallah in southern Lebanon on October 13, 2023. A second report commissioned by Reuters affirmed that the Israeli tank crew "likely" opened machine gun fire on the journalists. AdvertisementThe report states, "It is considered a likely scenario that a Merkava tank, after firing two tank rounds, also used its machine gun against the location of the journalists." While some journalists like Abdallah were directly targeted, many of the slain media professionals were killed during Israeli bombardments.

Persons: Issam Abdallah, —, Abdallah, O'Brien, Israel, Al, Wael Al, Hamza Al, Mustafa Thuraya, Hamza, Dahdouh, Ahmad Hasaballah, RSF, Hamza al, Khan Younis, Wael Organizations: UN, Amnesty International, Service, Israel Defense Forces, Hezbollah, Reuters, Human Rights Watch, Amnesty, Rights Watch, Al, BI, Ministry of Defense, Protect Journalists, International Criminal Locations: Lebanon, Israel, Al Jazeera, Israeli, Khiam, Al Jazeera Gaza, Rafah, Gaza, Al Jazeera's Gaza

☆ 'Nearing exhaustion': Top strategists warn that weaker consumer spending could cause US stocks to run out of steam — but 22 investments can thrive during a market reversal
▼ + stars: | 2024-03-16 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Eight economists, investment chiefs, and strategists that Business Insider recently spoke to credited healthier-than-anticipated consumer balance sheets and spending for the continued expansion. "Either that, or they're going to be maxed out — they can't get any more money. They're not going to have any liquidity to be able to continue to do the things they're going to do." He's also sticking with defensive stocks as consumer spending softens, including those in the consumer staples sector like Clorox (CLX) and Procter & Gamble (PG). Real estate is a "hated asset class" that's negatively correlated with interest rates, Sekera said.

Persons: shouldn't, Kevin Gordon, Charles Schwab, they're, Sue Crotty, Ed Clissold, Ned Davis, Clark Bellin, Bellin, David Rosenberg, They're, Rob Swanke, Swanke, Preston Caldwell, Morningstar's, Dave Sekera, Sekera, Christopher Barto, Gordon, Clissold, He's, Morningstar's Sekera, Crotty, Segal Marco Advisors, She's, Barto, that's Organizations: Business, Consumers, Segal Marco, Ned, Ned Davis Research, Commonwealth Financial Network, Nasdaq, Morningstar, Fort Pitt Capital Group, Procter, Gamble, Federal Reserve, Exxon, APA Corp, Duke Energy, Segal, Energy, Healthcare Locations: Devon, Real, NiSource

☆ A couple bought a $2 million home in New York occupied by a squatter who found loopholes in the law and won't leave
▼ + stars: | 2024-03-16 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

The Landa family attempted to move in but couldn't because of a loophole in New York City's squatters' rights laws. The Landas told WABC 7 that they purchased the home because it's right next door to family members. Related storiesThe couple told WABC 7 that they've had five hearings, but the process keeps getting delayed. Advertisement"It makes me feel completely forgotten in this legal system, unfair, and not able to do anything," Joseph told WABC 7. Advertisement"A revelation will turn this narrative on its head," O'Sullivan told WABC 7.

Persons: Joseph, Susana Landa, hasn't, —, they'd, Susana Landa —, Brett Flores, Flores, It's, Bernard Fernandez, Fernandez, Landa, Joseph Russo, Alex, Susana, they've, Landas, they're, who've, Dennis O'Sullivan, Anthony Mordente, Flores —, Brett Fisher —, O'Sullivan, he'd, Flores hadn't Organizations: Service, Down, Google, Business, WABC, ABC, BI, Trust, The New York State Senate, New, New York Post, Daily Mail, Fox, Queens County Civil Locations: Queens , New York, New York, York City, Queens, New York City

That same day, Mr. Trump’s campaign announced that the former president would appear alongside Mr. Moreno on Saturday in Dayton, widely interpreted as a sign that Mr. Moreno could benefit from an 11th-hour boost. Simultaneously, Mr. Moreno and his backers have portrayed Mr. Dolan as not sufficiently supportive of Mr. Trump. After Mr. Trump overwhelmingly won the former battleground state in 2016 and 2020, Ohioans sent J.D. Image Mr. Moreno has been endorsed by, and campaigned with, several Republicans with ties to Mr. Trump, including Gov. Mr. LaRose and Mr. Moreno have banded together to attack Mr. Dolan as disloyal to Mr. Trump, while both Mr. Dolan and Mr. LaRose have accused Mr. Moreno of shifting his views on everything from gun control to Mr. Trump himself.

Persons: Donald J, Trump’s, Bernie Moreno, Sherrod Brown, Moreno, Matt Dolan, Frank LaRose, Dolan, Mike DeWine, Rob Portman, LaRose, Mr, Trump, Donald Trump, ”, Ryan Stubenrauch, DeWine, Portman, Brown, Ohioans, J.D, Vance, Biden, Moreno’s, “, Mitch McConnell, McConnell, Donald Trump Jr, ” Mr, ” Reagan McCarthy, won’t, Jim Renacci, “ Trump, Katie Smith, they’ll, Kristi Noem, Vivek Ramaswamy, Vance of Ohio, —, Noem, Donald Trump isn’t, Mitzi Baird, ” Ms, Baird, Michael C, Bender Organizations: Republican, Republicans, Democrat, Senate, Mr, Democratic, Cleveland Guardians, Trump, Republican Party —, National Republican Senatorial Committee, Ohio Democratic Party, U.S . Army, Washington , D.C, ”, Lincoln Locations: Ohio, Dayton, Arizona, Cleveland, Washington, G.O.P, battlegrounds, Pennsylvania, Georgia, South Dakota, Cincinnati, Washington ,, Columbus, Elyria, Vermilion

☆ The cost of key US weapons like artillery shells for Ukraine is soaring
▼ + stars: | 2024-03-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The cost to maintain a weapon is more than twice the cost to build it, a GAO official said. Related storiesThe Army estimated that O&S costs for the Excalibur — first deployed in 2007 — had soared 183% since a baseline estimate in 2011. Still, all this does raise the question of whether higher maintenance costs for US military equipment at least partially result from problems with design and manufacturing. "We don't know the specific extent of O&S cost growth due to design problems or poor sustainment management," Maurer said. "In some respects, those problems could lower O&S costs because systems cannot fly, operate, or sail as often as planned.

Persons: —, Ukraine —, Diana Maurer, Maurer, Michael Peck Organizations: US Army, Service, GAO, DOD, Department of Defense, Army, Navy, Air Force, US Navy, Raytheon, YouTube, US, EA, Hornet, Navy Multiband, Tactical Mission, Warfighter, Pentagon, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, China, Forbes

☆ Mainstream G.O.P. Group to Target Bob Good as It Shifts Mission and Members
▼ + stars: | 2024-03-15 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

The Republican Main Street Partnership, a group that supports center-leaning House Republicans, plans to direct half a million dollars into a bid to defeat Representative Bob Good, a hard-right lawmaker from Virginia, making an unusual push to oust a sitting Republican member of Congress. The move is notable not just because the group, through its campaign giving arm, is inserting itself into the kind of intramural fight against an incumbent that it typically avoids. Its Capitol Hill headquarters serve as something of a counterweight to the Conservative Partnership Institute, which operates nearby as the nerve center of the right. But as the Republican Party has veered toward the extreme right, purging itself of what was once a sizable and influential bloc of centrists, the Main Street Partnership has also shed the “moderate” label and changed the nature of its mission. The group has recently expanded its membership to include far more conservatives, and has begun focusing less on centrism and bipartisanship and more on ridding Congress of G.O.P.

Persons: Bob Good, — John J, McGuire, Donald J, Trump, ” Organizations: Republican Main Street, House Republicans, Republican, Navy SEALs, Main, Capitol, Conservative Partnership Institute, Republican Party, centrists Locations: Virginia, G.O.P

☆ The House Races That Tell a Bigger Story
▼ + stars: | 2024-03-15 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

But three heated House primaries in the Land of Lincoln next week illustrate the broader vulnerabilities of both major political parties going into the general election: age, extremism and immigration. In today’s newsletter, I’m going to tell you about some fascinating primary races that will shed light on some broader trends in U.S. politics. Let’s start with Illinois’s 12th Congressional District, in the southern part of the state. Mike Bost, a Republican and Marine Corps veteran, was first elected to the House in 2014. Democrats tried to tar him as “Meltdown Mike,” highlighting his angry outbursts in the State Legislature and warning, “He’d make Washington worse.”Well, those were simpler times.

Persons: Mike Bost, He’d, Darren Bailey, Donald J, J.B, Pritzker Organizations: Illinois’s, Congressional, Republican, Marine Corps, State Legislature, Committee, Veterans ’ Affairs, Trump, Trump Republican, Democratic Locations: Illinois, Lincoln, Washington

What’s next for ByteDance’s U.S. investors? DealBook has spoken with people in the know about what these investors, including financial giants like the Susquehanna International Group, can do, with billions of dollars on the line. Mnuchin, a former Treasury secretary, told Andrew on CNBC on Thursday that he was in talks with a “combination of U.S. investors” about a TikTok deal. He added that he had spoken with some of the investors in ByteDance, TikTok’s Chinese parent, about possibly rolling over their stake. of the video game giant Activision Blizzard, also reportedly has been looking for potential partners for a bid.

Persons: What’s, ”, DealBook, Steven Mnuchin, Andrew, Bill Ford, Bobby Kotick Organizations: ByteDance’s U.S, U.S, Susquehanna International Group, CNBC, Activision Locations: Beijing, China, ByteDance

☆ White House Calls on Republicans to End Biden Impeachment Inquiry
▼ + stars: | 2024-03-15 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

The White House insisted on Friday that House Republicans end their effort to impeach President Biden, declaring that “enough is enough” after their monthslong inquiry failed to turn up promised evidence of high crimes and misdemeanors. “It is obviously time to move on, Mr. Speaker,” Edward N. Siskel, the White House counsel, wrote in a four-page letter to Speaker Mike Johnson. “This impeachment is over. A number of Republicans have cast doubt on the venture, and even some champions of impeachment have now concluded that they could not muster a majority if they sent articles to the floor charging Mr. Biden. The White House hopes to capitalize on Republicans’ disarray, in effect calling their bluff and daring them to put up or shut up, although the hard-liners in the G.O.P.

Persons: Biden, ” Edward N, Siskel, Mike Johnson, “, Hunter Biden Organizations: Republicans, Republican

☆ House GOP Biden inquiry stalls as impeachment becomes less likely
▼ + stars: | 2024-03-15 | by ( Annie Grayer | ) edition.cnn.com time to read: +14 min

Hunter Biden arrives at the Thomas P. O'Neil Jr. House Office Building for a closed door deposition on February 28, in Washington, DC. Abbe Lowell makes a statement to the press following a closed-door deposition before the House Committee on Oversight and Accountability, and House Judiciary Committee in the O'Neill House Office Building on February 28, in Washington, DC. “He was well-prepared for the kind of questions,” Issa recounted of Hunter Biden. GOP focus shifts away from impeachment probeInvestigating the Biden family and going after President Biden was a top priority for House Republicans when they reclaimed the majority and got control of committees. GOP Rep. Ryan Zinke of Montana said the three Republican chairmen leading the impeachment inquiry have the same message: “They say we’re not in a position to go forward on impeachment.”

Persons: Joe Biden, Biden, Hunter Biden, James Comer, Jim Jordan, Comer, Donald Trump, Thomas P, O'Neil Jr, Countess, Merrick, Justice won’t, ” Comer, Mike Johnson, “, Jordan, Johnson, “ I’m, ” Johnson, Ralph Norman of, Troy Nehls, impeaching Biden, We’ve, Let’s, ”, ” Nehls, Alejandro Mayorkas, I’m, Trump, weaponized, ” Jordan, Vernon, Ed Siskel, ” Siskel, Hunter, Mary, ” Hunter, Abbe Lowell, Samuel Corum, Hunter Biden’s, Darrell Issa, ” Issa, Robert Hur, Garret Graves, Chip Roy, Texas, Lisa McClain, Richard Hudson of, it’s, Nick LaLota, ” Norman, Ryan Zinke Organizations: House Republicans, Department of Justice, CNN, Fox News, Merrick Garland’s Department, Justice, Louisiana Republican, ” Staff, GOP, Caucus, Democratic, Homeland, Senate, Trump, White, Getty, Committee, Republican, of, Hunter Biden, Republicans, Internal Revenue Service, Judiciary, House, House Republican, “ Locations: Washington ,, Merrick Garland’s, Louisiana, House, Ralph Norman of South Carolina, Texas, Georgia, Miami, Vernon Hill, Florida, O'Neill, Washington , DC, California, Lisa McClain of Michigan, Richard Hudson of North Carolina, New York, Montana

☆ Your complete investing guide to 'AI Woodstock' next week: 3 buys ahead of the event
▼ + stars: | 2024-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.

Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California

☆ Young Entrepreneurs Find a Way to Indulge Their C.E.O. Dreams
▼ + stars: | 2024-03-15 | by ( Nell Gallogly | ) www.nytimes.com time to read: +1 min

In 2018, Mr. Silva enrolled at the Stanford Graduate School of Business with the goal of starting his own company. “I was going to live the Stanford dream,” he said. Instead of starting a company from scratch — Mr. Silva had co-founded one before business school and even been its chief executive — he could buy one and run it. Mr. Silva, 34, was intrigued. After raising a search fund of more than $30 million from a small group of investors, Mr. Silva bought MásLabor, a Virginia consulting firm specializing in employment visas, in July 2021.

Persons: Edward Silva, Silva, ”, “, —, . Silva, V.C.s Organizations: Stanford Graduate School of Business, Stanford, MásLabor Locations: Virginia

☆ Experts expect these 13 private-equity firms will invest in advertising and marketing companies as deals begin to pick up in 2024
▼ + stars: | 2024-03-14 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

Last year was tepid for M&A in advertising and marketing, but PE buyers remained active. PE firms are interested in areas like digital transformation, social media, and data-powered creative. Experts named 13 PE firms likely to make further investments in the advertising and marketing space in 2024. It was a tepid year for M&A activity in 2023 across most sectors, and advertising and marketing was no exception. Still, private-equity companies remained active in the space and were responsible for 38% of the deals in the media and marketing sector last year, according to the advisory firm Ciesco.

Organizations: Business

☆ As Biden Impeachment Flails, House Republicans Explore Criminal Referrals
▼ + stars: | 2024-03-14 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

Facing the prospect that they may never be able to impeach President Biden, House Republicans are exploring a pivot to a different strategy: issuing criminal referrals against him and those close to him. Despite their subpoenas and depositions, House Republicans have been unable to produce any solid evidence of wrongdoing by Mr. Biden and lack the votes in their own party to charge him with high crimes and misdemeanors, the constitutional standard for impeachment. lawmakers have begun strategizing about making criminal referrals against Mr. Biden, members of his family and his associates, essentially sending letters to the Justice Department urging prosecutors to investigate specific crimes they believe may have been committed. The move would be largely symbolic, but it would allow Republicans in Congress to save face while ending their so far struggling impeachment inquiry. of aligning with former President Donald J. Trump’s vow to prosecute Mr. Biden if he wins the election.

Persons: Biden, Mr, Donald J, Trump’s Organizations: House Republicans, Republicans, Justice Department

☆ A federal climate jobs program could hire 20,000 workers this year
▼ + stars: | 2024-03-14 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

President Joe Biden this month made climate jobs a major focus of his reelection bid. The administration plans to launch the American Climate Corps this summer with about 20,000 workers, but the funding is pieced together from various federal agencies. These prospective voters are also the target hires for the American Climate Corps, which will focus on reducing greenhouse-gas pollution in local communities and making them more resilient to extreme weather. Stevie O'Hanlon, a spokesperson for the Sunrise Movement, which mobilizes young voters focused on the climate, said the launch of the American Climate Corps was a big win. But the chances of Congress approving more funding for the workforce program are slim, given that House Republicans last year tried to block any federal spending for the American Climate Corps.

Persons: Joe Biden, Biden, Trevor Dolan, Dolan, Stevie O'Hanlon, O'Hanlon, Donald Trump hasn't, We've Organizations: Service, Climate Corps, American, Corps, Business, Biden, American Climate Corps, Evergreen, EV, Sunrise Movement, Republicans Locations: Appalachia

☆ A New Surge in Power Use Is Threatening U.S. Climate Goals
▼ + stars: | 2024-03-13 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +14 min

Nathan Howard for The New York TimesIn California, electric vehicles could soon account for 10 percent of peak power demand. AP Photo/Mike StewartIn interviews, utility executives say gas is needed to back up wind and solar power, which don’t run all the time. Gas plants can sometimes be easier to build than renewables, since they may not require new long-distance transmission lines. “It’s going to take a diversified fleet.”Mr. Mitchell noted that Georgia Power was planning a large build-out of solar power and batteries over the next decade and would offer incentives to companies to use less power during times of grid stress. The tech companies and manufacturers that are driving up electricity demand could also play a major role, experts say.

Persons: ”, Daniel Brooks, Nathan Howard, Lauren Justice, Biden’s, “, Tyler H, Norris, Mr, John Wilson, Ken Seiler, Seiler, Devin Hartman, Duke, Kendal Bowman, Duke Energy’s, it’s, we’ve, Georgia Power, It’s, Greg Buppert, Megan Varner, Mike Stewart, Aaron Mitchell, “ It’s, Mitchell, Heather O’Neill, Brian Janous Organizations: Electric Power Research Institute, The New York Times, Duke University, Biden, Utilities, North American Electric Reliability Corporation, Boston Consulting, Dominion Energy, Nationwide, R Street Institute, The New York Times Soaring, Duke Energy, Georgia, Southern Environmental Law Center, AP, Dominion, Georgia Power, Advanced Energy, Microsoft Locations: America, California, Virginia, Georgia, North Carolina, South Carolina , Tennessee, Kansas, Northern Virginia, Arizona, Texas, Illinois, New Jersey, York City, PJM, “ Texas, Ashburn, Va, Dalton , Ga, Dalton, Duke

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