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New York CNN —California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers. The state’s current minimum wage is $15.50 an hour and will increase to $16 an hour on January 1. The new hourly wage for fast food workers will take effect on April 1 of next year. In that period, only the council may set wages for fast food workers. “We are confident that what’s outlined is going to dramatically improve conditions for the state’s half million fast food workers,” Henry said.

Persons: Gavin Newsom, Terry Chea, Newsom, ” Sean Kennedy, Mary Kay Henry, “, ” Henry, Henry, ” Anneisha Williams, Jack, Williams, it’s, “ I’m, …, ” Organizations: New, New York CNN, Service Employees International Union, Employees, California State Capitol, National Restaurant Association, SEIU, CNN Locations: New York, California, Los Angeles , California, Sacramento, Calif

☆ Tech bros keep obsessing about replacing the 'median human' with AI
▼ + stars: | 2023-09-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

He said: "For me, AGI…is the equivalent of a median human that you could hire as a co-worker." "It's interesting to use the term median human — that's importantly different from average human," Henry Shevlin, an AI ethicist and professor at the University of Cambridge, told Insider. How tech bros are defining this idea of median human intellect is open to question. Traditional measurements for comparing AI and human intelligence have tended to focus on capabilities rather than general intellect. But comparing AI with human intelligence at all can be ethically murky and potentially misleading, according to Mittelstadt.

Persons: Sam Altman, Altman, —, …, It's, you'd, Elizabeth Weil, it's, Brent Mittelstadt, Henry Shevlin, Shevlin, Mittelstadt Organizations: Service, Yorker, Twitter, McKinsey, Oxford Internet Institute, University of Cambridge

☆ Wes Anderson Finally Found a Way Into His New Roald Dahl Film
▼ + stars: | 2023-09-27 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +2 min

There’s mischief in every Dahl story, and the voice of the writer is very strong. When I made “Fantastic Mr. Fox” and I was working on the script, we stayed at the house for some time. In those days, that writing hut was still filled with his things and left the way he had it. I remember there’s a portrait of Lucian Freud by Francis Bacon next to a portrait of Francis Bacon by Lucian Freud. It sounds like the kind of set I might expect to see in a Wes Anderson film, filled with these totems and details.

Persons: he’s, Ophelia, Lucy, Theo, Henry Sugar, Ralph Fiennes, Fox ”, Dahl, He’d, Lucian Freud, Francis Bacon, Wes Anderson

McCarthy, though, has stopped short of committing to putting a Senate-passed short-term spending bill on the floor, knowing that doing so could mean a call for his ouster. During a call with the Republican conference Saturday afternoon, McCarthy pushed members to rally around a short-term spending bill that includes funds for border security. That would give House Republicans a position from which to begin negotiations with the Senate. It’s taking away leverage from House Republicans,” said GOP Rep. Garret Graves of Louisiana. But House Republicans marked their bills up at far lower levels after a rebellion from conservatives.

Persons: Kevin McCarthy, McCarthy, ”, Patrick McHenry of, McCarthy’s, ” McCarthy, He’s, Donald Trump, “ Don’t, Andy Biggs, Chuck Schumer, “, Kevin, I’m, Sen, Joe Manchin, I’ve, Chip Roy, It’s, Garret Graves, haven’t, ” Roy, Marc Molinaro, “ I’m, ” Molinaro, Schumer, eying, Mitch McConnell, McConnell, ” Schumer, CNN’s Manu Raju, McHenry, Mike Lawler, Republicans don’t, ” Lawler, Brian Fitzpatrick, Josh Gottheimer Organizations: CNN, Republican, Republicans, Democratic, Senate, Truth, Department of Justice, ” Republican, GOP, Defense, Agriculture, Homeland Security, House Republicans, Saturday, ”, “, House, Biden Locations: Patrick McHenry of North Carolina, Arizona, Ukraine, West Virginia, Texas, State, Garret Graves of Louisiana, New York

☆ Square CEO Alyssa Henry is stepping down, and Jack Dorsey will take over for now
▼ + stars: | 2023-09-18 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +1 min

CNN —Alyssa Henry, the CEO of Square – a unit of Jack Dorsey’s fintech company, Block – will leave her post at the company next month. Henry, who has worked at Block for over nine years, will step down as chief executive of Square on October 2, according to a regulatory filing on Monday. Dorsey, whose current title is Block Head and Chairperson, will take on an additional role of “Square Head,” the filing added. Henry served in various roles at Square and has been effectively leading the company since 2015. Prior to Square, she held roles at Amazon Web Services and Microsoft.

Persons: Alyssa Henry, Jack Dorsey’s fintech, Henry, Dorsey, “ Organizations: CNN, “, Amazon Web Services, Microsoft

Gavin Newsom said Sunday that he plans to sign into law a pair of climate-focused bills intended to force major corporations to be more transparent about greenhouse gas emissions and the financial risks stemming from global warming. Newsom's announcement came during an out-of-state trip to New York’s Climate Week, where world leaders in business, politics and the arts are gathered to seek solutions for climate change. California lawmakers last week passed legislation requiring large businesses from oil and gas companies to retail giants to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel. The goal is to increase transparency and nudge companies to evaluate how they can cut their carbon emissions. Newsom, a Democrat, said he wants California to lead the nation in addressing the climate crisis.

Persons: Gavin Newsom, ”, Sen, Scott Wiener, ” Wiener, Newsom’s, Henry Stern, Newsom Organizations: —, Democrat, Court Locations: — California, New, California, “, Los Angeles, San Francisco

☆ Will Lionel Messi play on Atlanta United’s artificial turf?
▼ + stars: | 2023-09-16 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Sixteen years on, six MLS teams (over 20%) have artificial turf in their home grounds, including Atlanta United’s Mercedes-Benz Stadium, where Inter Miami will play on Saturday with potentially Lionel Messi featuring. “Truth is it’s been a while since I’ve played on artificial turf, but I have no problem adapting myself again,” said Messi. The science is conflicting as to whether artificial turf presents increased health concerns to those playing on it. Lower-extremity injuries, in particular knee and ankle injuries, more commonly occur on artificial turf in comparison to natural grass.”Lower leg injuries suffered on artificial turf aren’t just an issue for NFL players. More than 70,000 fans are expected in Atlanta to watch Atlanta United play Inter Miami, but for his next trick just how will Messi potentially deal with playing on artificial surface?

Persons: CNN —, ”, David Beckham, Atlanta United’s Mercedes, Lionel Messi, Beckham, it’s, I’ve, Messi, Shaun Botterill, Aaron Rodgers ’, Simone Magill –, Megan Briggs, Magill, ” Holly Silvers, Sanjay Gupta, Silvers, Granelli, Alex Slitz, Dr, Andrew Pearle, Rodgers ’, David Bakhtiari, Roger Goodell, he’ll, Gianni Infantino, They’ll, Goodell, “, Thierry Henry, ” Henry, Fred Kfoury III, Germain Organizations: CNN, Major League Soccer, MLS, Atlanta, Benz, Inter Miami, LA Galaxy, Toronto’s BMO, Bodø, Young Boys, Toronto FC, BMO Field, NFL, Orthopaedic Journal, Sports Medicine, soccer, ” Northern Ireland, CORE, CNN Chief, Atlanta United, Hospital for Special Surgery, Green Bay Packers, Twitter, ESPN, FIFA, New York Red Bulls, “, New, Gillette, Paris Saint, US Locations: Europe, Barcelona, Glimt, Norway, Switzerland, Netherlands, Los Angeles, California, New York City, North America, Foxborough, Paris, Atlanta

☆ A fight between fast-food chains and unions in California is over, for now – what to know
▼ + stars: | 2023-09-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Gavin Newsom's office, also creates a nine-person council that will decide on future wage hikes for the fast-food industry in California through 2029. The deal will mean a wage floor of $20 for California workers at fast-food chains with at least 60 locations nationwide, starting April 1. The council will include four representatives from the fast-food industry, four from the workers' side and one neutral party who will serve as chair. But the fast-food industry was attacking the bill before it even made its way to Newsom's desk. Fast-food workers employed by affected restaurants will see pay increases of as much as 25% hit their paychecks starting in April.

Persons: Mario Tama, Gavin Newsom's, Mark Kalinowski, Newsom, Joe Erlinger, Erlinger, Jan, What's, Joe Pawlak, Technomic, they'll, Joe Pawlak Technomic, Pawlak, Mary Kay Henry, it's, Sean Kennedy, Burger Organizations: Getty, Gov, Equity Research, Democrat, FAST, Yum Brands, Restaurant Brands, McDonald's, Citi Research, Service Employees International Union, SEIU, California State, CNBC, Walmart, Target, Food, National Restaurant Association, Delta Airlines, Los Angeles International Airport Locations: Boyle, Los Angeles , California, California, McDonald's U.S, Minnesota, New York, —

☆ N.F.L. Week 2 Predictions: Our Picks Against the Spread
▼ + stars: | 2023-09-14 | by ( Emmanuel Morgan | More About Emmanuel Morgan | ) www.nytimes.com time to read: +2 min

The Falcons’ passing game should toil again, but don’t expect a Packers defense that was 28th against the run in 2022 to contain the rookie top-10 pick Bijan Robinson. Pick: Packers -1.5Las Vegas Raiders at Buffalo Bills, 1 p.m., CBSLine: Bills -9.5 | Total: 47Four careless turnovers from Josh Allen doomed the Bills (0-1) against the Jets’ formidable defense. Against the Titans (0-1), they’ll face a far less potent offense, but one that nevertheless boasts Derrick Henry, one of the best running backs of this era. Henry saw a diminished workload (63 yards on 15 carries) last week in a loss to the Saints, but could feast against the Chargers’ weak linebacker corps. — as Fields opened his second year as the Week 1 starter by passing for just one touchdown and getting sacked four times in a loss to the Packers.

Persons: Desmond Ridder, Bijan Robinson, Pick, Josh Allen, Chandler Jones, Jakobi Meyers, Allen, Stefon Diggs, Brandon Staley’s, J.C, Jackson, Derrick Henry, Henry, Justin Fields’s, Darnell Wright, Fields Organizations: Chicago, Carolina, Falcons, Packers, Las Vegas Raiders, Buffalo Bills, CBS, Bills, Jets, Raiders, Broncos, Los Angeles Chargers, Tennessee Titans, CBS Line, Chargers, Dolphins, Miami, Titans, Chicago Bears, Tampa Bay Buccaneers, Fox Line, Buccaneers, Bears

SACRAMENTO, Calif. (AP) — California lawmakers were scheduled to vote Thursday on whether to give Democratic Gov. Five companies paid roughly $750 million last year to lease areas off the California coast to build wind turbines. The bill before lawmakers Thursday would let the state buy the power. Consumers would not pay it until the wind projects are up and running, likely several years from now. The bill lawmakers approved on Wednesday also includes provisions to fast-track new electric transmission projects.

Persons: Gavin Newsom's, Alex Jackson, ”, Sen, Brian Dahle, ” Scott Wetch, Newsom, Henry Stern, Alice Reynolds, ” Reynolds Organizations: Democratic Gov, American Clean Power Association, Republican, of Water Resources, Democratic, California Public Utilities Commission Locations: SACRAMENTO, Calif, California

☆ Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman's new memoir
▼ + stars: | 2023-09-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and Henry Singleton. When Cooperman was mulling a presidential run, Buffett joked he could "deliver Nebraska" for him. Cooperman shared a trio of messages he received from Buffett in his newly published memoir. Buffett wrote him a note after reading the letter, which Cooperman still keeps framed in his office:Dear Lee,I always enjoy both the quality of your writing and the quality of your thinking. Buffett wrote to Cooperman after his speech to express his agreement:AdvertisementAdvertisementHenry was a manager that all investors, CEOs, would be CEOs, and MBA students should study.

Persons: Warren Buffett, Leon Cooperman, Henry Singleton, Cooperman, Buffett, Goldman Sachs, trumpeted, Dear Lee, Warren, Singleton, Henry, Lee, you've Organizations: Service, Teledyne, Cooperman, Wall, Finance, Philanthropy, Omega Advisors, Business, Loews, Berkshire Locations: Nebraska, Wall, Silicon, Bronx, Iraq, Afghanistan

☆ U.S. food companies go deal hunting as pandemic growth fades
▼ + stars: | 2023-09-08 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

Last month, Campbell Soup (CPB.N) struck a $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O). Reuters GraphicsReuters Graphics Reuters Graphics"Large food companies need to add more new concepts, new flavor profiles and new food items because their old brands - though still growing - are not growing at a meaningful rate," Milani said. Packaged food companies "are now faced with some difficult comparisons on organic (sales) and are seeking some strategic, category-specific M&A targets that will propel them through the next few years," Henry said. "Most of the large cap packaged food companies have ... diligently reduced their debt and improved their balance sheet (through the pandemic)...so they have the risk capacity and risk appetite to pursue large-scale acquisitions," CFRA Research analyst Arun Sundaram said. "These packaged food companies need to continue finding ways to stay relevant ... And so one of the easiest ways to do that is through M&A."

Persons: Brendan McDermid, Campbell, There's, Michael Milani, Baker Tilly, Milani, Kraft Heinz, Sarah Henry, Henry, Mills, Luca Zaramella, Hershey, J.P, Morgan, Arun Sundaram, Deborah Sophia, Arun Koyyur Organizations: Campbell Soup, New York Stock Exchange, REUTERS, Sovos, Unilever, Mars, Reuters Graphics Reuters, Reuters, Logan Capital Management, PepsiCo, Mondelez, Barclays, Hostess Brands, Thomson Locations: New York, U.S, North America, dealmaking, Bengaluru

☆ Reading Sad Books Is Good for Your Kids
▼ + stars: | 2023-09-08 | by ( Craig Fehrman | ) www.nytimes.com time to read: +1 min

Last summer, my wife and I took our kids to Reader’s World, a wonderful bookstore in Holland, Mich. I watched my son and daughter head straight to the children’s section, where they began pulling down options and building small sand castles of books. Eventually Henry, our oldest, brought over a paperback I hadn’t heard of, a novel much thicker than the chapter books he usually read. He climbed into our bed and onto my chest, his small body shaking, his crying so intense he couldn’t speak. Finally, he managed a single sentence: “Dad, why did ‘The Wild Robot’ have to be sad?”

Persons: Henry, he’d Locations: Holland, Mich, Lake Michigan

☆ Actors' strike stalks Venice film festival from start to end
▼ + stars: | 2023-09-08 | by ( Crispian Balmer | ) www.reuters.com time to read: +4 min

Actors went on strike in July, joining writers who had walked off the job in May, to demand that streaming sites and film studios improve their contracts and impose curbs on the use of artificial intelligence. SOLIDARITYVenice's artistic director Alberto Barbera had predicted that the actors of just three of the 23 films in competition would not be able to come to the festival because of the strike. No official reason was given, but one festival insider said she believed it was out of solidarity. Without their actors, the directors did most of the talking and were regularly quizzed about the dispute. Some of the actors who did make it to the festival wore T-shirts promoting the strike, as did the president of the main jury, Oscar-winning director Damien Chazelle.

Persons: Oscar, Jessica Chastain, Chastain, AFTRA, " Chastain, Alberto Barbera, Emma Stone, Michael Fassbender, Bradley Cooper, Maestro, Lea Seydoux, Penelope Cruz, Liam Neeson, Ava DuVernay's, I'm, Sofia Coppola, Priscilla, Wes Anderson, Henry Sugar, Benedict Cumberbatch, Dev Patel, Ben Kingsley, Damien Chazelle, it's, Hanna Rantala, Alison Williams Organizations: Hollywood, Screen Actors Guild, American Federation of Television, Radio Artists, Thomson Locations: Venice, VENICE, Hollywood

Some of them, like “Dune: Part Two," have been postponed until next year due to the ongoing actors and writers strikes. Gillespie’s film features a freewheeling ensemble including Pete Davidson, Anthony Ramos, Seth Rogen, Shailene Woodley, America Ferrera and Nick Offerman. “Fair Play” (in theaters Sept. 29, on Netflix Oct. 13)Hedge funds also play a role in writer-director Chloe Domont’s drama about sexual politics and gender dynamics in the high-charged, male-dominated world of finance. Eight years after the last “Hunger Games” movie (“Mockingjay – Part 2”) a prequel is returning to the science fiction dystopia of Panem. Francis Lawrence’s film, set 64 years before the events of the first “Hunger Games” film, introduces a host of new characters in the lead-up to the 10th Hunger Games.

Persons: ”, Expendables, Gael García Bernal, Roger Ross Williams, Saúl Armendáriz, Williams, Bunny, Craig Gillespie’s, ” Paul Dano, Keith Gill, Pete Davidson, Anthony Ramos, Seth Rogen, Shailene, America Ferrera, Nick Offerman, Chloe Domont’s, Phoebe Dynevor, Alden Ehrenreich, Aristotle, Dante, “ El Conde ”, Flora, Son ”, Henry Sugar ”, “ Carlos ”, “ Dicks, Justine Triet’s, Palme, Sandra Hüller, Martin Scorsese’s, David Grann's, Lily Gladstone, Scorsese, Leonardo DiCaprio, Robert De Niro, Robbie Robertson, Baz Luhrmann’s, Elvis Presley, Sofia Coppola, Priscilla Presley, “ Elvis, ” Jacob Elordi, “ Joan Baez, “ Taylor Swift, Nyad, “ Rustin ”, Colman Domingo, Bayard Rustin, George C, Martin Luther King Jr, Panem, Francis Lawrence’s, Tom Blyth, Rachel Zegler, Peter Dinklage, Viola Davis, ” Ridley Scott, Joaquin Phoenix, Napoleon Bonaparte, Vanessa Kirby, Joséphine Bonaparte, Sly ”, “ Orlando, Maestro ”, “ Leo ” Organizations: GameStop, America, Netflix, Sundance Film, Paramount, Apple, Cannes Film, Hüller, Hunger Locations: Shailene Woodley, Venice, Osage, Washington

☆ A Colorado City Has Been Battling for Decades to Use Its Own Water
▼ + stars: | 2023-09-05 | by ( David Gelles | ) www.nytimes.com time to read: +14 min

The City Council bought about 17,000 acres of farmland 60 miles to the north, near Fort Collins, along with the associated water rights. Today, almost 40 years later, the water Mr. Ethredge secured for his city remains out of reach. The city purchased 17,000 acres of farmland 60 miles north, near Fort Collins, decades ago. The Thornton water treatment plant. ; Thornton Water Project By Leanne AbrahamBack when Mr. Ethredge secured the water rights up north, Thornton planners figured they would need that water by 2000.

Persons: Jack Ethredge, Ethredge, Thornton, Ethredge’s, Mr, “, ”, Jeni Arndt, Thornton’s, Brett Henry, “ We’ve, we’ve, Denver Thornton, Colorado Adams Thornton, Leanne Abraham Back, Fort Collins, Barry Feldman, Feldman, Gary Wockner, “ We’re, we’re, Henry, Barbara Cohen, Ted Leighty, “ Thornton, Maiker, Peter LiFari, Christina Ra, Roger Uthmann, Wockner, Uthmann, ” Thornton, ” Mr Organizations: City Council, Housing, San, Loveland Greeley, Weld County Colorado Larimer Boulder Longmont, Boulder Adams, Denver Thornton Colorado, Greeley Weld, Boulder, Denver, Colorado Adams, Colorado Adams Thornton Denver, Colorado Supreme, Thornton, Home Builders Association of Metro Denver, Maiker Housing Partners, “ Locations: Thornton, Colo, Denver, Fort Collins, “, Rocky, Thornton’s, Colorado, San Luis Valley, Douglas County, In Texas, San Antonio, Collins, Loveland, Loveland Greeley Rocky, Weld County, Denver Thornton Colorado Denver, Greeley, Greeley Weld Larimer, Larimer County, Larimer, Thorton, Laporte

☆ Roald Dahl shouldn't be touched, director Wes Anderson tells Venice
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

[1/5] The 80th Venice Film Festival - Cartier Glory to the Filmmaker 2023 Award - Venice, Italy, September 1, 2023 - Director Wes Anderson receives the Cartier Glory to the Filmmaker 2023 Award. I would say, no," he told reporters at the Venice Film Festival. He's dead," said Anderson, who has had a busy year having just presented his last film "Asteroid City" at the Cannes Film Festival. "Henry Sugar" is the second Dahl book that Anderson has brought to the screen, following his hugely successful 2009 stop-motion animated movie "Fantastic Mr. Fox". It will show on the streamer Netflix, which bought the rights in 2021 to adapt Roald Dahl stories.

Persons: Wes Anderson, Yara, Roald Dahl, Henry Sugar, Puffin, Anderson, I'm, Renoir, Dahl, Fox, Benedict Cumberbatch, Dev Patel, Ben Kingsley, Ralph Fiennes, Rupert Friend, Hanna Rantala, Crispian Balmer, Alison Williams Organizations: Cartier, REUTERS, Venice Film, Cannes Film, Netflix, Thomson Locations: Venice, Italy, U.S, British

☆ Factbox: When is Venice Film Festival 2023 and what can we expect?
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

[1/2] The 79th Venice Film Festival - Awards Ceremony - Venice, Italy, September 10, 2022 - Director Laura Poitras poses with the Golden Lion Award for Best Film. REUTERS/Guglielmo Mangiapane/File Photo Acquire Licensing RightsAug 28 (Reuters) - The Venice International Film Festival is the oldest film festival in the world, with its 80th edition opening this week. WHEN IS THE VENICE FESTIVAL? The festival opens on Aug. 30 with the premiere of Italian World War Two film "Comandante", directed by Edoardo De Angelis. There are several categories making up the official selection of films shown, the top being those competing for the coveted Golden Lion award.

Persons: Laura Poitras, Guglielmo Mangiapane, Edoardo De Angelis, El Conde, Pablo Larrain, Luc Besson, Ferrari, Michael Mann, Nikolaj, Saverio Costanzo, Maestro, Bradley Cooper, Stefano, Allem, Timm Kroger, David Fincher, Bertrand Bonello, Priscilla, Sofia Coppola, Agnieszka Holland, Pietro Castellitto, Ava DuVernay, Matteo Garrone, Giorgio Diritti, Holly, Szumowska, Michal Englert, Michel Franco, Stephane Brize, William Friedkin, Woody Allen's, Roman Polanski, Henry Sugar, Wes Anderson, Harmony Korine, Travis Scott, Crispian Balmer, Mark Heinrich Our Organizations: Golden, Film, REUTERS, Society, Hollywood, Thomson Locations: Venice, Italy, VENICE, Spanish, Chile, Denmark, Austria, Switz, Canada, France

☆ BHP sees China demand bright spots, logs 37% profit drop
▼ + stars: | 2023-08-21 | by ( Melanie Burton | Sameer Manekar | ) www.reuters.com time to read: +4 min

A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. Western demand for commodities on the other hand has been seen hurt by the lagging impact of interest rate hikes. “You can’t deny that commodity prices have come off a fair bit from where they were, (but) they are still pretty healthy, the iron ore price in particular,” Forster said. Inflation is also expected to raise the floor for commodities prices, including copper and iron ore, BHP said, seeing prices for the latter trade around $80-$100 a ton. BHP produces iron ore in Western Australia for $17.79 a ton.

Persons: Dado Ruvic, Mike Henry, BHP, Andy Forster, ” Forster, “ Capex, That’s, Jansen, Henry Organizations: MELBOURNE, BHP Group, BHP, REUTERS, Macquarie, Argo Investments, Oz Minerals Locations: China, India, Australia, Canada, Western Australia

WASHINGTON, Aug 18 (Reuters) - The Biden administration has tightened controls on the export of materials and components for nuclear power plants to China, saying it would ensure the items were used only for peaceful purposes and not the proliferation of atomic weapons. The Nuclear Regulatory Commission (NRC), the federal agency responsible for nuclear energy safety, also requires exporters to get specific licenses to export special nuclear material and source material. That includes different types of uranium as well as deuterium, a hydrogen isotope that, in large amounts, could be used in reactors to make tritium, a nuclear weapons component. China opposes "putting geopolitical interests above nuclear non-proliferation efforts," he said. Two exports to China of the regulated nuclear materials occurred under a general license in the last year.

Persons: Biden, Liu Pengyu, Edwin Lyman, Henry Sokolski, Donald Trump's, Timothy Gardner, Michael Martina, Barbara Lewis Organizations: Industry and Security, Commerce Department, Nuclear Regulatory Commission, NRC, U.S, Nuclear Weapons, Union of, Pentagon, Nonproliferation, Education Center . U.S, Westinghouse, Thomson Locations: China, Washington, Beijing, U.S, United States

☆ Focus: US space startups' latest struggles marked by layoffs, shake-ups
▼ + stars: | 2023-08-15 | by ( Joey Roulette | ) www.reuters.com time to read: +4 min

REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 15 (Reuters) - U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. Those struggles follow the April bankruptcy filing by satellite launch firm Virgin Orbit, which was owned by billionaire Richard Branson. "The focus for investors in this space is very different than what it was a couple years ago. The financial headwinds faced by rocket startups have triggered pain elsewhere as well. It shifted much of its focus to government defense programs as its commercial customers face tight capital markets, CEO Laurienti said.

Persons: Mike Blake, Jeff Bezos, Richard Branson, Joe Laurienti, Caleb Henry, Chris Kemp, Will Marshall, Quilty's Henry, Laurienti, Joey Roulette, Ben Klayman, Matthew Lewis Organizations: REUTERS, Elon, SpaceX, Astra, Labs, Ursa, Reuters, Planet Labs, Thomson Locations: Long Beach , California, U.S, Denver, Washington

Da Ponte denied a Bloomberg report that the payments processor paused development of its stablecoin in February. But da Ponte argues this troubled backdrop is exactly why PayPal is poised to succeed. Then there's the hypothetical digital dollar that would be the Fed's take on a central bank digital currency, or CBDC. "We have a large base of consumers; we have a large base of merchants," da Ponte said of PayPal's "two-sided network." Da Ponte sees PayPal's more than 20-year tenure in the payments space as one of the company's chief advantages in the stablecoin market.

Persons: Jose Fernandez da Ponte, PayPal's, Da Ponte, Paxos, it's, Ponte, stablecoins, Nic Carter, Stablecoins, Carter, Andy Bromberg, Andreessen Horowitz, Bromberg, PYUSD, Jeremy Allaire, Allaire, Patrick McHenry, McHenry Organizations: PayPal, CNBC, Bloomberg, SEC, New, Regulators, Valley Bank, U.S ., U.S, Castle, Ventures, Companies, Eco, Coinbase Ventures, Paypal, Facebook, Financial Services, America Locations: U.S, New York, Bromberg, web3, United States, R, DexTools

☆ On tap next week: Two key inflation reports and 4 Club earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .

Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City

☆ Senators spar over whether CFPB has the power to root out junk fees
▼ + stars: | 2023-07-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

The committee's first hearing comes as the Biden administration takes a range of steps to root out junk fees, which the CFPB says includes credit card late fees, overdraft fees and surcharges on ticket purchases. Among other actions, the agency recently fined Bank of America $150 million for charging its customers multiple overdraft fees. In his testimony, Brian Johnson, managing director of financial regulatory consultancy Patomak Global Partners, said the CFPB "has been the most enthusiastic among regulators" in targeting junk fees. Democrats argued the power to target junk fees fits within the CFPB's core duties. "And let's not forget, these are the same banks that are bankrolling the attacks on the CFPB," Warren added.

Persons: Biden, Sen, Thom Tillis, Brian Johnson, Johnson, Donald Trump, Elizabeth Warren, JP Morgan Chase, Warren, Wells, Michelle Henry, Henry, Raphael Warnock, Warnock Organizations: WASHINGTON, Financial, Biden, Bank of America, prudential, Consumer Protection, Patomak Global Partners, CNBC, Pennsylvania, Georgia Democrat Locations: Wells Fargo, Georgia

☆ Venice film fest attracts top names despite Hollywood strikes
▼ + stars: | 2023-07-25 | by ( Crispian Balmer | ) www.reuters.com time to read: +4 min

Although many stars will miss the traditional red carpet openings for big studio productions, Venice artistic director Alberto Barbera still managed to attract a slew of top movies to the Lido. The world's oldest film festival, regarded as a launchpad for Oscar contenders as awards season approaches, features movies from 55 countries, including 23 titles running for the prestigious Golden Lion award. The SAG-AFTRA guild called the strike this month after failing to reach an agreement with studios on a new three-year contract. Barbera said he hoped stars of smaller independent movies would be able to publicise their work in person regardless of the stoppage. Both Allen, with his French language picture "Coup De Chance", and Polanski, with "The Palace" will show out of competition.

Persons: Bradley Cooper, Karl Lagerfeld, Andrew Kelly, Alberto Barbera, Yorgos Lanthimos, David Fincher, Michael Mann, Sofia Coppola, Ava DuVernay, Wes Anderson, Woody Allen, Roman Polanski, Luc Besson, MeToo, Besson, Oscar, Barbera, Luca Guadagnino, Zendaya, Maestro, Leonard Bernstein, Cooper, Priscilla, Elvis Presley's, Cailee Spaeny, Ferrari, Mann, Adam Driver, Enzo Ferrari, Penelope Cruz, Emma Stone, Mark Ruffalo, Allen, Chance, Polanski, Anderson, Henry Sugar, Roald Dahl, Benedict Cumberbatch, Ralph Fiennes, Dev Patel, Ben Kingsley, Crispian Balmer, Alison Williams Organizations: Metropolitan Museum, Art's, REUTERS, Hollywood, Golden Lion, SAG, Netflix, Lion, Thomson Locations: New York City , New York, U.S, Venice, ., Italian, American, United States

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