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Aura Sells Cybersecurity to Regular People
  + stars: | 2023-07-05 | by ( Kim S. Nash | ) www.wsj.com   time to read: +5 min
Hari Ravichandran, chief executive of Aura, wants families—from children to their grandparents—to take charge of their personal cybersecurity. Ravichandran spoke with WSJ Pro about Aura’s challenges, and how it uses artificial intelligence to make cybersecurity invisible. With cybersecurity, people don’t think about a lot of the basic views from which your data can get exploited. In a grandparent scam, for example, somebody calls pretending to be your grandson or a granddaughter saying, “Hey, I’ve been kidnapped. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors.
Persons: Hari Ravichandran, Aura, , Jeffrey Katzenberg, Robert Downey Jr, Ravichandran, Jack Plunkett, it’s, , I’ve, Kim S, Nash Organizations: Federal Bureau of Investigation, Hollywood, DreamWorks, Southwest Locations: kim.nash
One reason Cuba still needs Beijing’s money is that the Biden administration has kept key Trump sanctions in place. When the two countries signed the 2015 nuclear deal, Iran’s foreign minister at the time, Mohammad Javad Zarif, called it “not a ceiling but a solid foundation. We must now begin to build on it.” Iran’s leaders, like Cuba’s, hoped better relations with the United States would spur Western investment. Mr. Trump canceled the nuclear deal and reimposed harsh sanctions. This isn’t the first time the United States has driven smaller nations into the arms of its superpower adversaries.
Persons: Obama, Conan O’Brien, Andrew Cuomo, Steve Nash, Michael J, Bustamante, , Donald Trump, Evan Ellis, Biden, Mohammad Javad Zarif, , Zarif, Hassan Rouhani, Trump, ” Fredrik Logevall, Ho, Ho Chi Minh, Viet Minh Organizations: University of Miami, White, Wall Street, Cuban, U.S . Army, College, Trump, National Security, Strategic Services, Japan Locations: Cuban, Havana, University of Miami Cuba, Cuba, America, China, Iran, United States, Moscow, Russia, Ho Chi, France, Viet
These themes have become a common thread in his sermons and interviews, especially since Uganda’s Anti-Homosexuality Act was signed into law last month. Nowhere is safe for any queer person living in Uganda,” Joan Amek, co-founder of Rella Women’s Foundation, told CNN. At least 300 human rights violations against suspected homosexuals have been reported in Uganda arising from the Anti-Homosexuality Act of 2023, the SRT told CNN. ‘My life is hell’Nash Wash Raphael, a 30-year-old transgender man, says he was attacked on the night Museveni signed the Anti-Homosexuality Act. The Church of Uganda openly defied the Archbishop of Canterbury, Justin Welby, and supported the Anti-Homosexuality Act, accusing the global head of the Anglican Church of misinterpreting the Bible.
Persons: Canon John Awodi, , Yoweri Museveni, ” Joan Amek, didn’t, , , ” Amek, Joan Amekis, Asuman Basalirwa, , Nash, Raphael, Museveni, Nash Wash Raphael, Fabien Muhire, ” Raphael, couldn’t, We’ve, they’ll, Anglican Church Amek, Amek, of Canterbury, Justin Welby, Welby, Bill Organizations: Uganda CNN, Saints ’ Cathedral, CNN, Rella, Foundation, Bethlehem Feleke, SRT, Anglican Church, Anglican, of Locations: Kampala, Uganda, Rev, Bethlehem, Dubai, Saudi Arabia, Africa, Ugandan
What's more, some showed no signs their weight loss was leveling off, suggesting they could continue to shed pounds. (Both use semaglutide, but Ozempic is marketed as a type 2 diabetes treatment, while Wegovy is primarily for weight loss.) Bank of America's Geoff Meacham said retatrutide "exceeded expectations" for weight loss. "This is important, as while the overall 22.4% weight loss was impressive, looking at men and women separately, weight loss was 21.9% and 28.5%, respectively, with the slope in females not yet plateauing. Schott also described the weight loss as "impressive" and said it will likely compare favorably with Novo's next-generation drug CagriSema, which is expected to show weight loss of more than 25% when it releases its next update.
Persons: Eli Lilly, What's, Lilly, Lilly's, Carter Gould, Gould, orforglipron, Bank of America's Geoff Meacham, retatrutide, Meacham, Chris Schott, Schott, Novo's, Evan David Seigerman, Seigerman, Morgan Stanley, Terence Flynn, — CNBC's Michael Bloom Organizations: American Diabetes Association, Wall, Novo Nordisk, Barclays, Bank of America's, JPMorgan, Lilly, BMO Capital, Indianapolis, ~$ Locations: Novo
CarMax beats profit estimates powered by cost-cuts; shares jump
  + stars: | 2023-06-23 | by ( ) www.reuters.com   time to read: +1 min
Shares of the pre-owned car retailer were up about 8% before the bell. Auto retailer AutoNation (AN.N), in April, missed Wall Street estimates for first-quarter revenue as higher new vehicle and after-sales demand was offset by weakness in used vehicle and customer financial service businesses. On Friday, CarMax reported an adjusted profit of $1.16 per share, compared with average analysts' expectation of 79 cents per share, as per Refinitiv data. Net revenue came in at $7.69 billion, compared with analysts' estimates of $7.53 billion. Reporting by Kannaki Deka and Nathan Gomes in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Bill Nash, CarMax, Kannaki Deka, Nathan Gomes, Shailesh Organizations: CarMax, Auto, Thomson Locations: Bengaluru
John Overdeck and David Siegel created hedge-fund giant Two Sigma, amassing billions in wealth. Here's the relevant section of the filing:There have been a variety of management and governance challenges at the Adviser. These disagreements can affect the Adviser's ability to retain or attract employees (including very senior employees) and could continue to impact the ability of employees to fully implement key research, engineering, or corporate business initiatives. Nor can it agree on the org chart, the management structure, corporate governance, or succession plans. These disagreements might hurt Two Sigma's ability to retain and attract star employees, and those employees' ability to actually implement research, tech, or business initiatives.
Persons: John Overdeck, David Siegel, Juliet Chung, Gregory Zuckerman, Chung, Zuckerman, Jamie Nash, Kleinberg Kaplan, I've Organizations: Sigma, Bloomberg, Wall Street, Management, Management Committee, Chief Investment Officers
LONDON, June 15 (Reuters) - Hawkish central banks have sent a resounding "no" to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. "Markets have been wrong not only in their interpretation of the data but of the central bank reaction," he added. "Even though inflation is coming down, you are still getting that phase were the central banks think they need to talk hawkishly about this." Canada last week restarted rate hikes, Australia has come off a pause and Norway may have to accelerate hikes next week. BofA now expects two 25 bps interest rate hikes from the Fed this year, JPMorgan sees only one more and Morgan Stanley sees none.
Persons: Jason Simpson, Shorter, BofA, Morgan Stanley, Mark Nash, Nash, Kaspar Hense, Michael Michaelides, Shamik, BoE, they're, Dhar, Naomi Rovnick, Dhara Ranasinghe, Conor Humphries Organizations: U.S . Federal Reserve, European Central Bank, Bank of England, State, Bank of Japan, Treasury, JPMorgan, BlueBay Asset Management, BNY Mellon Investment Management, Thomson Locations: U.S, Canada, Australia, Norway, Shamik Dhar
Opinion: This TV mom changed everything
  + stars: | 2023-06-14 | by ( Opinion Raakhee Mirchandani | ) edition.cnn.com   time to read: +7 min
Raakhee Mirchandani Kim Lorraine PhotographyI never searched for either of us on TV. I’m grateful NHIE gave Indian moms — Brown moms, Desi moms, South Asian moms — the crown we deserve. (L to R) Poorna Jagannathan as Nalini Vishwakumar, Maitreyi Ramakrishnan as Devi in episode 410 of "Never Have I Ever." But now, among the cohort of timeless TV mothers, there’s Devi’s mom — and let me tell you: Nalini, as realized by the inimitable Jagannathan, certainly has got it going on. (And anyone with a Brown mom knows the eyes; one look is all it takes.)
Persons: Kalpana Chawla, , Brady, Roseanne, Angela Bower, Clair Huxtable, Aunt Viv, Raakhee Mirchandani Kim Lorraine, Desi, Vishwakumar, Poorna Jagannathan, I’m, NHIE, — Brown, Mindy Kaling, Lang Fisher, Maitreyi Ramakrishnan, Jessica Brooks, , Brown, there’s, Devi, Nalini, wasn’t, Will, Jamie Ryan, Niecy Nash, let’s, She’s, she’s Organizations: CNN, Netflix, Princeton, Twitter, Facebook
Republican hopefuls have alleged, without evidence, that the investigation into Trump, who is running to unseat Biden from the White House in 2024, is politically motivated. As the charges against Trump were unsealed, Biden was in North Carolina, where he was discussing his economic agenda and had plans to meet with military members. BIDEN, TRUMP IN SWING STATENorth Carolina is a key political swing state that Republicans are courting this weekend during a state convention. North Carolina, with 15 electoral votes, is an important political swing state that Trump won, though only with a slim margin, in 2020. He leads the North Carolina Republican field with 44% of the vote, followed by DeSantis at 22%, the poll shows.
Persons: ROCKY, Joe Biden, General Merrick Garland, Department's, Donald Trump, I’m, Biden, White, Olivia Dalton, Garland, Jack Smith, Trump, BIDEN, Jill, Ron DeSantis, DeSantis, Nandita Bose, Jeff Mason, Sarah Lynch, Jarrett Renshaw, Heather Timmons, Alistair Bell, Daniel Wallis, Diane Craft Organizations: Trump, White House, DOJ, Air Force, FBI, TRUMP, Nash Community College, Fort Liberty, Diagnostics, North Carolina Republican, White, Liberty, Thomson Locations: N.C, North Carolina, Carolina, Rocky Mount, Florida, Philadelphia . North Carolina, Fort Bragg
A Delta passenger with a lung condition says the crew gave her an empty oxygen tank on a flight. A Delta passenger with a lung condition is suing the airline, accusing it of giving her insufficient oxygen on a flight and saying she had to be taken to a hospital as a result. She says Delta instead provided her with an oxygen tank that was insufficient to last the 55-minute flight. Nash-Jackson says the cabin crew then gave her a second oxygen tank that turned out to be empty. In May, a Delta passenger filed a complaint to the Department of Transportation after suffering anaphylaxis on a flight.
Persons: Mattie Nash, Jackson, Nash, she'd, Sara Metzger, Metzger Organizations: Morning, Delta, Chicago O'Hare, Nash, Department of Transportation, Twitter Locations: Minnesota, Minneapolis, St.Paul, Chicago, Delta, Atlanta, Portland , Oregon
WASHINGTON, June 9 (Reuters) - U.S. President Joe Biden travels to North Carolina on Friday to tout his economic agenda and pledge support to military families, spending time in a political swing state while Republican presidential candidates woo voters there, too. Biden's trip comes as Republican presidential candidates are converging on North Carolina for the state's Republican convention. The White House has said previously it would not comment on actions taken by the Justice Department. North Carolina is an important political swing state that Trump won, though only with a slim margin in 2020, while still losing the presidency to Biden, who won with 306 electoral votes to Trump's 232. During his trip, Biden will announce a series of executive actions to "increase the economic security of military and veteran spouses, caregivers, and survivors," the White House said.
Persons: Joe Biden, Biden, Jill, Donald Trump, Ron DeSantis, Trump, Jeff Mason, Kim Coghill Organizations: Republican, Nash Community College, Liberty, Florida, Justice Department, Trump, White, Fort Liberty, U.S . Army, Thomson Locations: North Carolina, Rocky Mount, Fort Bragg
Allstate Is No Longer Offering New Policies in California
  + stars: | 2023-06-04 | by ( Ryan Mac | ) www.nytimes.com   time to read: +1 min
California property owners hoping to open new insurance policies are no longer able to do so with one of the nation’s largest homeowner insurance companies. Allstate, the state’s fourth-largest property and casualty insurance provider, has stopped selling new home, condominium or commercial insurance policies in California, according to a company statement, first reported by The San Francisco Chronicle. California’s largest homeowner insurance provider, State Farm, made a similar decision last week, pointing to “rapidly growing catastrophe exposure.” Allstate stopped accepting new policies in the state last year, according to the statement. “We paused new homeowners, condo and commercial insurance policies in California last year so we can continue to protect current customers,” Brittany Nash, an Allstate spokeswoman, said in the statement, which was shared with media outlets. “The cost to insure new home customers in California is far higher than the price they would pay for policies due to wildfires, higher costs for repairing homes and higher reinsurance premiums.”
Persons: , Brittany Nash Organizations: Allstate, San Francisco Chronicle Locations: California
Online consumers alleged "social casino" games developed by the defendants "constitute unlawful gambling under Washington's gambling laws." International Game Technology, based in the U.K., and DoubleDown have denied any liability. Tens of thousands of class members "purchased and lost chips" by wagering at DoubleDown Casino, the plaintiffs' lawyers alleged. Logan said in the latest settlement "many class members stand to receive, individually, hundreds of thousands of dollars." The plaintiffs' lawyers had said they would seek no more than 30% for fees.
Persons: Robert Lasnik, DoubleDown, Lasnik, Todd Logan, Logan, Benson, Jay Edelson, Rafey Balabanian, Cecily Jordan, Tousley Brain Stephens, Jaime Drozd Allen, Davis Wright Tremaine, Lauren Case, Duane Morris, Adam Pankratz, Nash, Smoak, Mike Scarcella, Leigh Jones Organizations: DoubleDown Interactive, Game Technology, District, International Game Technology, U.S, Circuit, Appeals, DoubleDown, Western District of Washington, Technology, Stewart, Thomson Locations: U.S, Washington, Seattle, Edelson, Chicago, Western District
Wrexham embrace surprise American fan base on the road
  + stars: | 2023-05-31 | by ( Amy Tennery | ) www.reuters.com   time to read: +3 min
Instead, the club has become a source of intense fascination for an American fanbase often blithely ignorant of the English Football drama that unfolds each year across the Atlantic. "People are looking for reasons to be excited and feel good. And Wrexham is certainly a feel good story," said Brian Berklich, chief marketing officer at Sports Endeavors, whose Soccer.com is the retail and content partner for the tournament. "There's been a lot of heartbreak and mystery around the club for a good long time now. And what the owners have done is they galvanized the whole town and they've really brought more of a community feel," said Howard.
Persons: Boreham, Rob McElhenney, Ryan Reynolds, Jon Mugar, Mugar, Brian Berklich, Steve Nash, Cesc Fabregas, Mark Howard, Andy Morrell, Lee Trundle, We've, Howard, There's, they've, They've, Amy Tennery, Toby Davis Organizations: Soccer Football, National League, Wrexham, League, English Football League, English Football, Dallas Cowboys, Sports, Spain, Reuters, Chelsea, LA, Manchester United, Thomson Locations: Wrexham, Britain, U.S, American, Cary , North Carolina, TST, Como, Chapel Hill , North Carolina, Los Angeles, New York
Investors are losing hope that the Federal Reserve will pause its interest-rate hikes in June. For example, several market experts have warned the commercial real estate industry is at risk if the Fed keeps raising borrowing costs. "But I do think it's possible they're going to raise a little more. Ed Yardeni, market veteran"The market has been remarkably resilient, mostly because the economy has been remarkably resilient," Yardeni said in a CNBC interview. "So I think they're where they want to be – and I think they're going to keep it here."
Persons: They're, , Mohamed El, David Solomon, Goldman Sachs, Solomon, It's, Jamie Dimon, Dimon, Ed Yardeni, Yardeni, Doom, Roubini, Mark Zandi, Zandi, Mark Nash, Nash Organizations: Federal, Service, Bank, Signature Bank, First Republic, Fed, Erian, Allianz, CNBC's, JPMorgan, CNBC, Bloomberg, NYU Stern, Jupiter Asset Management
Billionaires' Row. C. Taylor Crothers/Contributor/Getty ImagesIn "Sky-High: A Critique of NYC's Supertall Towers from Top to Bottom," out from PA Press on June 27 and with photography by Bruce Katz, writer Eric P. Nash dives into the current state of Manhattan development, in which the supertall reigns supreme. It's a generation of architecture he is less than impressed with. He gamely takes turns explaining New York City's new skyline by plucking out its newest additions and dunking on what architect Steven Holl called "profane spires." Nash argues this moment's infatuation with supertalls has choked resources for civic buildings and affordable low-rise housing, and turned big-name architects' attention away from projects that would benefit a larger population because they lack the prestige that supertalls offer.
We have been saying for some time that these sports organizations need to prohibit Kadyrov’s fighters to perform,” he said. There’s also its decision to allow Russian fighters in general to compete in the world’s premium mixed martial arts organization. Some critics have suggested Russian fighters in general should be suspended, like has happened in some other sports, for the country’s involvement in the invasion of Ukraine. Chris Unger/Zuffa LLC/Getty ImagesUFC’s primary focusThere are 20 active Russian fighters currently competing in their organized events, according to the UFC website. CNN approached all 20 of those Russian fighters, only two responded initially and ultimately none of them agreed to an interview.
The U.S. Food and Drug Administration's (FDA) briefing document highlighted increased risk of diabetes and liver injury from using the obeticholic acid (OCA) oral tablets for the treatment of nonalcoholic steatohepatitis (NASH). "During the course of our review, FDA identified modest benefits and serious risks of OCA for treatment of NASH," the staff said in the document and listed increased risk of sludge formation in the gall bladder and imbalance of certain lipids. The staff asked the regulator's panel of outside advisors, who are meeting on Friday, to consider whether the modest benefits from using the drugs for NASH treatment outweigh the serious risks associated with it. The panel's meeting on Friday is the first such meeting for a NASH treatment. However, due to risks of serious liver injury, FDA restricted its usage in 2021 to primary biliary cholangitis patients with advanced cirrhosis, or severe liver scarring.
And the list of regional banks with sky-high dividends goes on and on. But Goldman Sachs is out Monday with a note from analysts led by Ryan Nash saying that although regional banks as a group yield 6.5% — the most since the Global Financial Crisis of 2008-2009 — not to worry. Examining bank dividends and bank capital "suggests companies should be able to maintain their current payout: Dividend payouts totaled ~40% of EPS in 1Q23 and are expected to remain around those levels for the remainder of 2023 (~39%) and 2024 (~41%) by consensus," Goldman said. KEY (~53%) and TFC (46%) screen as having the highest payouts," as a percentage of earnings in 2023, the investment bank said. Capital One (~24), M & T Bank (~29%) and Zions Bancorp (30%) have among the lowest payout ratios.
Summary King Charles to host reception for world leadersRoyal fans gather on The Mall for coronationAcross Britain, preparations underwayPolls show many apathetic, question cost of lavish eventLONDON, May 5 (Reuters) - King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this weekend, the biggest ceremonial event to be staged in Britain for 70 years. She will be among the world leaders attending the reception at Buckingham Palace on Friday evening which the king and queen will host along with other senior members of the royal family. The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation on Saturday even though both are life-long republicans who do not shy away from making their positions clear. The St Edward's Crown, which weighs about 2.2 kg (4 lb 12 ounces) and dates back to 1661 and the reign of his namesake King Charles II, will be placed on his head during the ceremony. Buckingham Palace said it expected it would provide an economic lift for Britain's struggling economy.
The company has two oral GLP-1 drugs in mid-stage trials, and aims to choose one for a late-stage trial this year. He forecasts GLP-1s or similar drugs topping $100 billion in annual sales early in the 2030s, with Lilly's product accounting for more than $50 billion in sales. Smaller biotechs are also vying for a piece of the obesity market and hope large pharmaceutical companies will pay up for partnerships. "I don't know if it's $90 billion or $80 billion or $50 billion. The current GLP-1 drugs can cause nausea and vomiting.
First Republic's demise was the third regional bank failure since early March, when Silicon Valley Bank and Signature Bank folded within days of each other. There is cautious optimism on Wall Street that First Republic will be the last failure of this period. However, reports from other regional banks weren't nearly as dire, with many reporting that deposits had stabilized and were growing again. However, the failure of First Republic could cause some more turbulence, at least in the short-term, for both deposits and bank stocks. "We don't believe that regional banks are completely out of the woods," Wolfe Research chief investment strategist Chris Senyek said in a note to clients on Monday.
April 26 (Reuters) - Universal Music Group (UMG.AS), the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core profit due to compensation expenses, and reiterated concerns over AI-made music. Core profit, or earnings before interest, taxes, depreciation and amortisation (EBITDA), slumped 43.4% in constant currency to 261 million euros ($288.04 million), due to non-cash, share-based compensation expenses, part of an equity compensation plan announced last year. Excluding these expenses, adjusted EBITDA was 522 million euros, up 13.0% on the same basis, and beating a consensus cited by Credit Suisse which had expected 513 million euros. UMG's CEO, Lucian Grainge, has come under shareholder pressure over an "excessive" $100 million pay deal, The Financial Times reported on Wednesday. Labels now face challenges like slowing global revenue growth in recorded music, particularly in established markets like the U.S, while the emergence of AI-generated music adds to their concerns, as many laws do not currently deem the replication of artists' voices as strictly illegal.
Will the Internet Democratize Art or Destroy It?
  + stars: | 2023-04-21 | by ( Walker Mimms | ) www.nytimes.com   time to read: 1 min
A mock-up of the first page of the Artist’s Contract, written by the gallerist Seth Siegelaub and the lawyer Robert Projansky in 1971.Credit... Seth Siegelaub and Robert Projansky, via Rizzoli and Stichting Egress Foundation, Amsterdam, Estate of Seth Siegelaub and MarjaBloem. Photo: Nash Baker
CNN —One of the buzziest songs recently circulating on TikTok and climbing the Spotify charts featured the familiar voices of best-selling artists Drake and the Weeknd. But there’s a twist: Drake and the Weeknd appear to have had nothing to do with it. The viral track, “Heart on my Sleeve,” comes from an anonymous TikTok user named Ghostwriter977, who claims to have used artificial intelligence to generate the voices of Drake and the Weeknd for the track. The original TikTok video has seemingly been taken down, and the song has since been removed from streaming services including YouTube, Apple Music and Spotify. Taryn Southern’s debut song “Break Free,” which was composed and produced with AI, hit the Top 100 radio charts back in 2018, and VAVA, an AI music artist (i.e.
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