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"Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous," Hastings said in an email to the Times. While he's the first to call for Biden to step aside, he's not the first big Democratic donor from Hollywood to express concern. It's unclear if more Hollywood donors will follow Hastings and call for Biden to step aside. We will fight, and we will win," Harris told Biden's campaign staff in a call, according to The Times. A Biden campaign spokesperson did not address Hastings's public call in their statement to BI.
Persons: , Reed Hastings, Joe Biden, Donald Trump, Biden, Hastings, he's, Ari Emmanuel, Tina Brown, Trump, Barack Obama, George Clooney, Julia Roberts, Biden's, Kamala Harris, Karine Jean, Pierre, Harris, Noah Mamet, Obama, Mamet, Nancy Pelosi, Chuck Schumer, Patty Quillin Organizations: Service, Democratic, The New York Times, Trump, Times, Business, Netflix, Endeavor, Aspen Ideas, Hollywood, Hastings, Washington Post, Biden, Press, The Times, Democratic Party Locations: Hollywood, Los Angeles, Chicago, Argentina
Boeing earlier reached a deferred prosecution deal with the DOJ for two fatal crashes in 2018 and 2019. The DOJ now plans to charge Boeing with fraud after officials found Boeing violated that deal. The new plea deal doesn't hold Boeing accountable for the deaths, an attorney for the families told BI. AdvertisementFamilies of the victims of the two fatal Boeing 737 Max crashes are denouncing a plea deal the Justice Department is preparing to offer the airplane manufacturer, an attorney representing some of those families told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Boeing, DOJ, Service, Justice Department, Business, Federal, Bloomberg
Read previewAfter President Joe Biden's disastrous debate performance on Thursday night against former President Donald Trump, The New York Times Editorial Board has declared that it's seen enough: Biden should step aside. "The president appeared on Thursday night as the shadow of a great public servant," the editorial board wrote. The Times' editorial board, which typically leans left on issues, has previously called on Biden to take voters' concerns about age seriously. Related storiesAnd Thursday's debate only cemented those concerns that the editorial board argued won't be dispelled through more public appearances. "That is how much of a danger Mr. Trump poses," the board wrote.
Persons: , Joe Biden's, Donald Trump, it's, Biden, Trump, Mr, aren't Organizations: Service, The New York Times, Business, Times, New York Times, The Times, White, Trump, Republican Locations: United States
Read previewA Delaware judge still wants to consider a $6-billion request in legal fees from lawyers who shot down Elon Musk's multibillion-dollar pay package at Tesla regardless of the recent shareholder vote, court documents show. In January, Chancellor Kathleen McCormick of the Delaware Chancery Court ruled against Elon Musk's pay package that would've awarded the Tesla CEO more than $55 billion in stock at the time. With the outcome, lawyers representing Richard Tornetta, the Tesla shareholder who objected to the compensation plan, argued that they provided a valuable service in getting Musk's package rescinded. But Musk received some good news in June after shareholders voted to re-approve the CEO's pay package and maintain the current board structure with Kimbal and James Murdoch. Chancellor McCormick will have to decide on the fate of the package and whether the plaintiff's attorneys do deserve about $6 billion in legal fees.
Persons: , Elon Musk's, Kathleen McCormick, McCormick, Richard Tornetta, Musk, James Murdoch, doesn't, Chancellor McCormick, James, Park Organizations: Service, Elon, Business, University of California, Tesla Locations: Delaware, Los Angeles
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The high-stakes presidential debate between President Joe Biden and former President Donald Trump wrapped up on Thursday night, and it went horribly for Biden. This story is available exclusively to Business Insider subscribers. However, when asked later in September whether he intends to run for the presidency, Newsom's answer wasn't an outright "no." Representatives for Biden did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Gavin Newsom, Joe Biden, Donald Trump, Biden, Evan Siegfried, Siegfried, Newsom, Newsom's, Will Newsom, Ron DeSantis, DeSantis, Cecilia Vega, Vega, Alex Wagner, Wagner, , , J5G9XGNYWn —, Kamala Harris, Gretchen Whitmer, Sen, Amy Klobuchar, Trump, spokespeople Organizations: Service, GOP, Democratic, Business, Gov, White, Politico, Associated Press, Fox, Biden, MSNBC, J5G9XGNYWn — MSNBC, Business Insider Locations: California, Florida, Michigan, Minnesota
Read previewFormer President Donald Trump, 78, may have lied throughout the first presidential debate of the 2024 election, but the evening still may have provided a lift for his campaign as President Joe Biden, 81, struggled to find his footing during the debate. Trump and Biden had their first face-off on Thursday evening, breaking with election norms by holding a debate months before voters head to the polls in November. CNN's fact-checker, Daniel Dale, estimated that Trump said false or misleading statements 30 times during the debate. Throughout the Thursday debate, Biden's voice sounded raspy as the president struggled at moments to hold in a cough. "That's a question we can't answer because we've never had a debate this early," Siegfried told BI.
Persons: , Donald Trump, Joe Biden, Trump, Biden, Evan Siegfried, Daniel Dale, Robert Hur, he's, Siegfried, Obama White, David Axelrod, we've, Obama, Mitt Romney Organizations: Service, Business, CNN, GOP, Biden, Associated Press, The New York Times, Obama Locations: Mexico, China, Denver
Ari Emanuel, CEO of media conglomerate Endeavor, called for guardrails on artificial intelligence. But he said OpenAI CEO Sam Altman can't be trusted and the government needs to step in. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAri Emanuel, CEO of Endeavor, the sports and entertainment conglomerate, called OpenAI CEO Sam Altman a "con man" who can't be trusted with artificial intelligence.
Persons: Ari Emanuel, Sam Altman, , Altman, Emanuel, Elon Musk Organizations: Endeavor, Aspen Ideas, Service, Ideas, Business
Melania Trump has largely remained out of the public eye since Donald Trump left office. She was absent for the entirety of Trump's hush-money trial and will not be at the debate. Melania Trump will be reportedly be making select appearances during her husband's campaign trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer first lady Melania Trump didn't attend the first 2024 presidential debate, according to multiple reports.
Persons: Melania Trump, Donald Trump, , Melania, Jill Biden Organizations: Service, CNN, ABC News, Trump's, Business Locations: Atlanta, Lago, Manhattan
Read previewAs companies and startups race to implement artificial intelligence into their products, Airbnb CEO Brian Chesky and OpenAI co-founder Sam Altman have a word of caution: Don't leave society behind. "I think that if everyone here could feel like they could participate and they could have their input into it, then I don't think there's a huge thing to fear," Chesky said. A few former board members accused Altman of lying to colleagues and creating a toxic culture through "psychological abuse." While researchers fear that AI will exacerbate the loneliness epidemic, Chesky believes the tool will "help bring people together." "At the end of the day, it's not the technology; it's the people with the technology," Chesky said, referring to those who are building with AI.
Persons: , Brian Chesky, Sam Altman, Chesky, NBC News's Lester Holt, Altman, OpenAI's ChatGPT, ethicists, Sam didn't, Helen Toner, Jan Leike, Leike, it's Organizations: Service, NBC, Aspen Ideas, Business, OpenAI, Rhode Island School of Design
Joe Benarroch was the head of business operations and communications at X. He was fired in June in part for botching the rollout of X's new NSFW policy, sources told FT.Nick Pickles, who was a senior Twitter employee, is taking over Benarroch's role, per the FT report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementX CEO Linda Yaccarino fired her right-hand man, Joe Benarroch, and replaced him with a longtime senior Twitter employee, sources told The Financial Times. Benarroch led comms at the social media company for about a year as the head of global business operations as Twitter transitioned to X after Elon Musk's takeover.
Persons: Joe Benarroch, Nick Pickles, , Linda Yaccarino, Benarroch, Elon, Yaccarino Organizations: Service, Financial Times, Twitter, Wall Street, Business
Read previewThe Titanic may be one of the most popular and identifiable wreckage sites in the history of sea travel. It also may be one of the most overrated, deep-sea explorers told Business Insider. Söhnlein's company, Blue Marble Exploration, recently announced it would venture into Dean's Blue Hole, a site in the Bahamas about 660 feet from the surface. Dean's Blue Hole EyesWideOpen/Getty Images"Dean's Blue Hole is an enigma for geologists studying underwater caverns," Blue Marble Exploration's website says. The company adds that it expects to find "human remains" of people who drowned in the blue hole "due to a variety of misfortunes."
Persons: , James Cameron's, Larry Connor, Karl Stanley, That's, Stanley, Guillermo Söhnlein, OceanGate, Söhnlein, it's, James Cameron, they're, Rush, Nicholas Mevoli Organizations: Service, Business, Titan, Stanley, OceanGate's, Stockton Rush, Stockton, Blue, Blue Marble Exploration, New York Times Locations: Kea, Blue Marble, Bahamas
This story is available exclusively to Business Insider subscribers. AdvertisementLegal experts who spoke to Business Insider said Thomas's latest decision highlighted how inconsistent and even ridiculous this method of interpretation can be. The Supreme Court of 1888 decided that the Constitution was broad enough to cover inventions the Founding Fathers never dreamed of. Gross noted that he expected the outcome the Supreme Court ultimately reached, though he was surprised Justice Samuel Alito, another strict originalist, didn't join Thomas' dissent. AdvertisementRepresentatives for the Supreme Court did not respond to a request for comment from Business Insider.
Persons: , Clarence Thomas, Thomas, Antonin Scalia, John P, Gross, wouldn't, originalists, Carolyn Shapiro, Shapiro, Amy Coney Barrett, Barrett, SCOTUS, Samuel Alito, didn't, Scalia Organizations: Service, Business, University of Wisconsin Law School, Public, originalism, Chicago, Kent College of Law's Institute, AP, CNN Locations: United States
Nvidia recently joined Microsoft and Apple in the multi-trillion dollar valuation club. But Nvidia's brand doesn't have the household familiarity of the iconic Apple logo or Nike swoosh. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's a question best aimed at Nvidia, which recently turned into a multi-trillion dollar company thanks to its valuable chips that are crucial in the artificial intelligence race.
Persons: Organizations: Nvidia, Microsoft, Apple, Nike swoosh . Consulting, Service, Business
OpenAI cofounder Ilya Sutskever left his company in May after a failed attempt to oust Sam Altman. He announced on June 19 that he would start a new AI project called "Safe Superintellgence Inc."Nvidia CEO Jensen Huang said Sutskever's past work sparked the "big bang of deep learning." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia CEO Jensen Huang had high praise for Ilya Sutskever, the OpenAI cofounder who left his company after a chaotic attempt to oust its chief executive, Sam Altman.
Persons: Ilya Sutskever, Sam Altman, Jensen Huang, Organizations: Inc, Nvidia, Service, California Institute of Technology, CNN, Business
Companies are increasingly turning to AI to see if it can improve the customer service experience. CVS plans to use AI so that pharmacy customers don't have to go through a menu option, per The Wall Street Journal. They'll be able to talk to the AI before being directed to a live agent, CVS Health CTO told The Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCVS plans to use artificial intelligence in an effort to improve the customer-service experience, CVS Health Chief Technology Officer Tilak Mandadi told The Wall Street Journal.
Persons: They'll, , Tilak Mandadi, Mandadi, Gen Z Organizations: Street, CVS, Service, CVS Health, Wall Street, Business
The Los Angeles Lakers were on the hunt for a coach after firing Darvin Ham in May. JJ Redick, an NBA veteran, was a top contender for the Lakers coaching job, per ESPN. Sources told The Athletic that Redick impressed Lakers owners and key stakeholders in a recent meeting. AdvertisementThe Los Angeles Lakers have found its new head coach: NBA veteran JJ Redick, according to multiple reports. Redick, a 15-year NBA player-turned-analyst and podcaster, agreed to a four-year contract to lead the Lakers, ESPN first reported.
Persons: Darvin Ham, JJ Redick, Redick, , podcaster Organizations: Los Angeles Lakers, NBA, Lakers, ESPN, Athletic, Service, Business
Read previewWells Fargo may have underestimated just how savvy young professionals could be with a credit card that rewards renters. A Bilt spokesperson told Business Insider that Wells Fargo does not make the numbers publicly available. In an email, a Wells Fargo spokesperson told Business Insider that co-branded credit cards are "one modest piece of the company's overall credit card business strategy, and the BILT credit card is one component of that." The Wells Fargo spokesperson said that "there has been no conversation among decision-makers to exit the BILT agreement. A Bilt spokesperson said the Journal's story is an "inaccurate representation of our strategic partnership with Wells Fargo."
Persons: , Wells, Bilt, Dave Canty, Bilt's, Ankur Jain, Kevin, Amanda Smidt, they've, I've, Amanda, anesthetist, I'm, Wells Fargo, Amanda chimed, Jain Organizations: Service, Bilt Technologies, Business, Alaska Airlines, Virgin Atlantic, Hyatt, Wall Street, Financial Technology Partners, Miami, The Locations: Wells Fargo, San Francisco, Alaska, Wells, Miami, New York
Read previewOceanGate's co-founder said he thinks about the fatal Titan submersible voyage every day, and the incident pushes him to continue pursuing his vision of accessible deep-sea exploration. It's almost in the definition of exploration," he told BI in a recent interview. AdvertisementA communications firm representing OceanGate wrote in a brief email to BI that "OceanGate has suspended all exploration and commercial operations." Last year, Söhnlein told BI of his grand vision to send 1,000 people to a floating colony on Venus. And I think that's just kind of a lesson learned for everybody."
Persons: , Stockton Rush —, Rush, Arnie Weissmann, Guillermo Söhnlein, Söhnlein, didn't, Söhnlein hasn't, OceanGate, you've Organizations: Service, Stockton Rush, Business, US Coast Guard, Travel, BI, Marble Locations: Stockton, submersibles
Read previewAn early passenger on OceanGate's Titan submersible didn't realize how close he was to experiencing the "catastrophic" failure that sealed the vessel's fate in 2023 until a year after the incident. In April 2019, Karl Stanley, a fellow submersible expert, joined his peer, OceanGate CEO Stockton Rush, near the Bahamas to take a dive in an early iteration of the Titan vessel. Stanley, Rush, and two other passengers successfully plunged more than 12,000 feet — a depth that closes in on the Titanic's wreckage, which sits at the bottom of the Atlantic at about 12,500 feet. According to Wired, this defect forced Rush to delay the trip to the Titanic and build another Titan submersible. "I just surfaced from a 4-hour dive," Stanley wrote to BI on Thursday.
Persons: , Karl Stanley, Stanley, Rush, Rush —, he's, Stockton, Guillermo Söhnlein, would've, wasn't, Söhnlein, Karl Organizations: Service, Stockton Rush, Business, Wired, Expeditions, OceanGate Expeditions, AP, BI, Rush, Titan, US Coast Guard, OceanGate Locations: Bahamas, Honduras
Read previewSome institutional Tesla shareholders told Business Insider that approving Elon Musk's record-shattering pay package was a mistake and that they have lingering concerns about Musk's ability to lead the company. Reuters reported that Vanguard, the largest institutional shareholder with a 7% stake in Tesla, voted to approve the pay package. Related storiesIt's unclear how many Tesla shares AkademikerPension owned as of June 14. Shareholders call for board oversightDuring Thursday's shareholder meeting, Musk challenged concerns from institutional shareholders, though he did not name specific investors. The California Public Employees' Retirement System, or CalPERs, which, according to the pension fund, owns about 9.2 million Tesla shares, has also been vocal about striking down Musk's pay package.
Persons: , Elon Musk's, doesn't, Musk's, Tesla, Anders Schelde, James Murdoch, Kimbal, Musk, … they're, Brad Lander, Lander, CalPERS, Marcie Frost, isn't Organizations: Service, Business, Investors, Reuters, Vanguard, York, New, Retirement System, California Public Employees, Tesla Locations: Delaware, Danish, New York, York City, Tesla
Whole Foods CEO Jason Buechel told CNBC that he values flexibility from his employees. Career experts agree that this quality is important as CEOs are always looking for innovation. AdvertisementWhole Foods CEO Jason Buechel told CNBC Make it that his least favorite employee in the workplace is the know-it-all. "Somebody who thinks they know the answer to absolutely everything," Buechel told the outlet. The CEO of Amazon's grocery chain said that being open to other people's ideas is crucial for career growth.
Persons: Jason Buechel, , Buechel, It's Organizations: CNBC, Service, Business
Ye, formerly Kanye West, apparently has an ongoing beef with stairs. One lawsuit against Ye included allegations that the artist is "reportedly" afraid of stairs. Ye also tried to replace the stairs inside his concrete Malibu home with a ramp, per The New Yorker. AdvertisementYe's apparent bad blood with staircases appears to run so deep that the rapper, formerly known as Kanye West, tried to replace the stairs inside a rare Malibu home designed by a famed Japanese architect. The home — one of a handful of residential properties in the US designed by the iconic Japanese architect Tadao Ando — is the subject of an ongoing lawsuit filed by Tony Saxon.
Persons: Ye, , West, Tadao Ando —, Tony Saxon Organizations: Kanye, Service, Business Locations: Japanese, Malibu, Southern California
Former President Donald Trump is a convicted felon after the recent verdict in the hush-money trial. Trump's New York license to carry a concealed weapon was already suspended last year, CNN reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump's New York license to carry a weapon is likely about to be revoked by the New York Police Department, CNN reported. A senior police official told CNN that the NYPD is preparing to strip away the former president's license following his recent conviction in the hush-money trial.
Persons: Donald Trump, Trump's, , Donald Trump's, Trump, Stormy Daniels Organizations: CNN, Service, New York Police Department, Business Locations: York, Manhattan
While Musk hasn't formally endorsed Trump, one reason Silicon Valley heavy-hitters could be gravitating toward a convicted former president is a desire to see less regulation on tech development in America. AdvertisementCuban, a vocal opponent of Trump who has expressed his support for Joe Biden, told Business Insider in an email that he views the support from Silicon Valley and Wall Street billionaires for Trump as "self-serving." "So unless it's very light touch, which is unlikely at this point, the more influence they have over Ai regulation the better the opportunity to advantage themselves." "It's still very early to be imposing regulation," Sacks said. That's not to say every Silicon Valley player investing in AI and Trump hopes to see an unrestrained, Wild West of artificial intelligence development.
Persons: , Donald Trump, Elon Musk, Shaun Maguire, Trump, David Sacks, Biden, Puck, Sacks, hasn't, Mark Cuban, Joe Biden, Cuban, BRENDAN SMIALOWSKI, Maguire, Sacks didn't, Garry Tan, Y, That's, Chamath, Palihapitiya, Musk, Rishi Sunak Organizations: Service, Silicon, Trump, Business, Sequoia Capital, Venture, Wall, acc, Securities and Exchange Commission, and Wildlife Service, British Locations: Russia, Ukraine, San Francisco, America, Silicon Valley, Cuban
Read previewA study found that OpenAI's GPT-4 could perform financial statement analysis and, in some cases, predict a company's future performance better than a human analyst. The analysis didn't include text typically accompanied in quarterly earnings reports, such as the Management Discussion and Analysis (MD&A) section, the study said. AdvertisementWith the data, Muhn told Business Insider that he and his colleagues could grade how financial analysts performed in their forecasts. For example, the study found that analysts achieved a 53% accuracy in one-month forecasts of the direction of future earnings. So, the multibillion-dollar question: Can LLMs replace human financial analysts?
Persons: , Alex Kim, Maximilian Muhn, Valeri Nikolaev —, Muhn, GPT, Kim Organizations: Service, University of Chicago Booth School, Business, Apple, BI
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