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Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicAs the war against Hamas enters a seventh week, Israel finds itself under intense pressure to justify its actions in Gaza, including the raid of Al-Shifa Hospital, which it says is a center of Hamas activity. Hamas and hospital officials deny the accusation. Patrick Kingsley, the Jerusalem bureau chief for The Times, was one of the reporters invited by the Israeli military on an escorted trip into the enclave.

Persons: Patrick Kingsley Organizations: Spotify, Hamas, Shifa, The Times Locations: Israel, Gaza, Al, Jerusalem

Apple | Spotify | Amazon | YouTube Listen and follow ‘Hard Fork’Read the transcript from our interview with Sam Altman. Last week, we interviewed Sam Altman. The board of OpenAI, maker of ChatGPT, fired Altman as chief executive on Friday. On Sunday night, Microsoft hired Altman to lead a new A.I. Today, an update on a crazy weekend in tech, and our interview with Sam Altman.

Persons: Sam Altman, Altman Organizations: Apple, Spotify, YouTube, Microsoft

☆ Volvo’s shares crash to all-time low as China’s Geely cuts stake
▼ + stars: | 2023-11-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value. The transaction reduced Geely’s stake in Volvo Cars by just over 4%. Once the sale is completed on November 21, that stake is expected to amount to 78.7%, Geely said in the statement. The attempt to boost the value of Volvo Cars’ stock — which has fallen almost 23% year-to-date — seems to have backfired, at least in the immediate term. The firm’s shares traded down 11% on the day by 10.21 a.m.

Persons: Geely, carmaker, Jim Rowan, Daniel Donghui Li, ” Organizations: London CNN —, Volvo, Volvo Cars Locations: Swedish

☆ Volvo Cars shares drop to record low as Geely trims stake
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The sale of the 3.4% stake leaves Geely with a holding in Volvo Cars of 78.7%, the Chinese company said in a statement. Proceeds received by Geely Holding are intended to be used to support business development within the group," it added. It allows a wider base of shareholders to invest in Volvo Cars," the Swedish company's CEO Jim Rowan said in a statement. At 0926 GMT, Volvo Cars shares were down 10.9% at 36.38 crowns, having traded as low as 35.25 crowns. Geely Holding has committed to a lock-up period of 90 days for its remaining shareholding, "subject to customary exceptions and waivers" by the bookrunners.

Persons: Aly, China's Geely, bookrunners, Jim Rowan, Goldman Sachs, SEB, Geely, Terje Solsvik, Louise Rasmussen, Mark Potter Organizations: Volvo, Auto Shanghai, REUTERS, Rights, Swedish, HK, Volvo Cars, Geely, BNP, Marie Mannes, Thomson Locations: Shanghai, China, Rights OSLO, Swedish, Oslo, Stockholm

Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’The tech start-up Humane launched a new device, an A.I. pin meant to be worn on our clothing. The pin allows users to take phone calls, catch up on messages and get answers to questions, all without ever looking at a screen. Then, why YouTube is bucking the trend on deepfakes. Plus: We eat a Thanksgiving meal made with meat that was grown in a lab.

Organizations: Apple, Spotify, YouTube

The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board. “The board no longer has confidence in his ability to continue leading OpenAI,” the artificial intelligence company said in a statement. Mira Murati, OpenAI’s chief technology officer, will take over as interim CEO effective immediately, the company said, while it searches for a permanent replacement. While not trained as an AI engineer, Altman, now 38, has been seen as a Silicon Valley wunderkind since his early 20s. Forrester analyst Rowan Curran said Altman's departure, “while sudden,” does not likely reflect problems with OpenAI's business.

Persons: Sam Altman, “, Mira Murati, Altman, what’s, He's, Greg Brockman, Ilya Sutskever, Adam D’Angelo, Tasha McCauley, Helen Toner, Mira, ”, Paul Graham, “ Sam, Graham, ” OpenAI, Elon Musk, Musk, Elon ”, Rowan Curran, ” Curran, Haleluya Hadero, Kelvin Chan, Michael Liedtke, David Hamilton Organizations: Associated Press, OpenAI, Economic Cooperation, Georgetown Center for Security, Emerging Technology, Microsoft Locations: openai, London, Asia, San Francisco, New York

☆ An $8.4 Million Estate Near Savannah Becomes the Area’s Priciest Home—Again
▼ + stars: | 2023-11-16 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A riverfront estate outside Savannah, Ga., has sold for $8.4 million, beating its own record for the priciest sale in the area, according to listing agent Melissa Hall Rowan of Corcoran Austin Hill Realty.

Persons: Melissa Hall Rowan, Corcoran, Hill Organizations: Hill Realty Locations: Savannah, Ga

☆ Top Israeli official has a warning for US universities
▼ + stars: | 2023-11-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Nir Barkat, Israel’s minister of economy and industry, is warning American universities to crack down on antisemitism. “You’re going to see many funders of Ivy League and other universities shy away from that behavior,” he said. The Israeli official said there must be an attitude change and a willingness to “fight them everywhere – including on the campuses.”“Terror is multiplication. You multiply the will to create terror and the ability to create terror,” Barkat said. The Israeli official praised President Joe Biden for “unwavering support,” including his wartime visit to Israel.

Persons: New York CNN — Nir Barkat, ” Barkat, Barkat, “ You’re, ”, Marc Rowan, Jon Huntsman, Dick Wolf, Edgar Bronfman , Jr, Liz Magill, ” Magill, “, Joe Biden Organizations: New, New York CNN, “ Schools, CNN, Ivy League, University of Pennsylvania, FBI, Columbia, Harvard, “, Columbia University, Penn, Israel Locations: New York, Manhattan, United States, Israel, Barkat, Washington

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicTo much of the outside world, Hamas’s decision to murder hundreds of Israelis and trigger a war that has since killed many thousands of its own people looks like a historic miscalculation — one that could soon result in the destruction of Hamas itself. Hamas’s leaders, however, say that it was the result of a deliberate calculation. Ben Hubbard, the Istanbul bureau chief for The New York Times, has been reporting on their decision, and what went into it.

Persons: Ben Hubbard Organizations: Spotify, The New York Times Locations: Istanbul

☆ Edgar Bronfman, Jr., slams UPenn leaders for ‘morally bankrupt’ response to Hamas terror attack on Israel
▼ + stars: | 2023-11-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Private equity executive Edgar Bronfman, Jr., whose family includes well-known supporters of Israel, is calling for the leaders the University of Pennsylvania to step down due to their response to the Hamas terror attacks against Israel, CNN has learned. College campuses have experienced a surge in tensions since the October 7 terror attack by Hamas and as the Israel-Hamas war continues. Last week, UPenn said it alerted the FBI to a series of threatening antisemitic emails sent to university staff. UPenn declined to comment on the Bronfman email. “This blurring of Hate speech as free speech is exactly what the University has enabled – even encouraged,” Bronfman wrote.

Persons: Edgar Bronfman , Jr, Bronfman, Liz Magill, Scott Bok “, “, ”, ” Bronfman, Magill, Marc Rowan, Dick Wolf, Jon Huntsman, Cliff Asness, Bok, UPenn, ” Magill, –, Edgar Bronfman Sr Organizations: New, New York CNN, University of Pennsylvania, CNN, Ivy League, “, Penn, Wharton , New York University, Bard, Harvard, Georgetown . College, FBI, University of Virginia, Waverly Capital, University, Warner Music Group, Seagram, Lauder Institute, Wharton, World Jewish Congress Locations: New York, Israel, Wharton ,, Palestine

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: This episode contains descriptions of injuries and death. As Israel’s war on Hamas enters its sixth week, hospitals in Gaza have found themselves on the front lines. Hospitals have become a refuge for the growing number of civilians fleeing the violence, but one that has become increasingly dangerous as Israel’s military targets what it says are Hamas fighters hiding inside and beneath them. Today, three doctors working in the Gaza Strip describe what the war looks like from inside their hospitals and what they are doing to keep up with the flood of patients. On today’s episode

Organizations: Spotify Locations: Gaza

Apple | Spotify | Amazon Listen and follow ‘Hard Fork’Warning: this episode contains some explicit language. OpenAI has unveiled a new way to build custom chatbots. Kevin shows off a few that he has built — including a custom “Hard Fork” bot and a bot that gives investment advice inspired by his late grandfather. Then, we talk to Lina Khan, the chair of the Federal Trade Commission, about the agency’s approach to regulating A.I. That, and Sam Bankman-Fried’s recent fraud conviction, have us asking, How much damage hath the crypto world wrought?

Persons: OpenAI, Kevin, Lina Khan, Sam Bankman Organizations: Apple, Spotify, Federal Trade Commission

OXFORD, England (AP) — Fans of Philip Pullman have been waiting almost five years for the final instalment in the author’s sextet of books about his intrepid heroine Lyra and her adventures in multiple worlds. “I haven’t got a title yet,” Pullman told The Associated Press in his home city of Oxford, where he was honored Thursday with the Bodley Medal. I haven’t found the right title yet — but I will.”The medal, awarded by Oxford University’s 400-year-old Bodleian Libraries, honors contributions to literature, media or science. Pullman says the next book will be his final foray into Lyra’s world -– though he also said that after the first trilogy, only to be tempted back. “There are other things I want to do,” including a book about words and images and how they work together on the imagination.

Persons: Philip Pullman, Lyra, haven’t, ” Pullman, Bodley, ”, Tim Berners, Lee, Stephen Hawking, Hilary, Kazuo Ishiguro, Zadie Smith, Colm Tóibín, Pullman, Canterbury Rowan Williams, “, Pullman’s, Philip doesn’t, ” Williams Organizations: OXFORD, Associated Press, Oxford, HBO, “ Locations: England, Oxford, Pullman, Canada, United States

☆ Hong Kong finance summit tiptoes around China
▼ + stars: | 2023-11-09 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

HONG KONG, Nov 9 (Reuters Breakingviews) - Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. Hong Kong is hardly a hot destination for financiers right now. Companies raised just $2.7 billion from initial public offerings in Hong Kong in the quarter, a fraction of previous years. Hong Kong officials including John Lee, the territory’s chief executive, have been sanctioned by the U.S.. Follow @peter_tl on XCONTEXT NEWSThe Global Financial Leaders’ Summit was held in Hong Kong from Nov. 6 to Nov. 8.

Persons: Marc Rowan, Colm Kelleher, Morgan Stanley, Goldman Sachs, David Solomon, Jane Fraser, Ken Griffin, Hong, John Lee, Eddie Yue, Kung, Zhang Qingsong, Bob Prince, Mark Wiedman, Apollo’s Rowan, UBS’s Kelleher, Joseph Yam, Una Galani, Thomas Shum Organizations: Reuters, Apollo Global Management, UBS, Monetary Fund, Companies, Citigroup, Citadel, Hong Kong Monetary Authority, Hong Kong’s HK, Exchange, People’s Bank of China, Bridgewater Associates, BlackRock, Goldman, Bank for International, Global, ’, Thomson Locations: HONG KONG, Hong Kong, Europe, U.S, China . Hong Kong, China, People’s Republic, Hong, British, Singapore, BLK.N, ”

☆ 'De-banking' is fueling private credit growth: Apollo CEO Marc Rowan
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'De-banking' is fueling private credit growth: Apollo CEO Marc RowanMarc Rowan, CEO of Apollo Global Management explains why private credit is benefiting from tighter banking regulation, and shares his expectation for a pick up in private equity deals.

Persons: Marc Rowan Marc Rowan Organizations: Apollo Global Management

☆ Private equity superstores overstock the shelves
▼ + stars: | 2023-11-08 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

LONDON, Nov 8 (Reuters Breakingviews) - Private equity investors seem happier these days shopping for returns at specialty shops over supermarkets. U.S. private equity funds raised some $240 billion in the first nine months of 2023, according to research outfit PitchBook, 13% less than a year earlier. New York-based CD&R in August raised $26 billion for its 12th-generation private equity fund while Eurocentric CVC managed an even more eye-popping $29 billion in July. A better explanation, from the consultants who advise LPs on where to put their cash, is that private equity supermarkets may be cannibalising themselves. Until they can prove otherwise, the more scattered private equity superstores risk losing more ground to the specialists.

Persons: Clayton, Blackstone, Steve Schwarzman, Marc Rowan, don’t, Rowan, Rob Lucas, Blackstone’s, they’re, Lucas, Jeffrey Goldfarb, Thomas Shum Organizations: Reuters, Rice, CVC Capital Partners, Apollo Global Management, Blackstone Capital Partners IX, “, IX, CVC, Apollo, Blackstone, U.S, Thomson Locations: Dubilier, New York, Blackstone, Asia, Luxembourg, Europe, Americas

☆ Ranking the biggest winners, and losers, in the current economy
▼ + stars: | 2023-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK 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 . In today's big story, we're ranking how different generations are doing in the current economy. After watching their parents and predecessors (millennials) struggle with finances, Gen Z is taking matters into their own hands. A May survey found more than half of Gen Z respondents had already started investing.

Persons: —, Tom Brady, Brooks Kraft, who's, It's, They've, Gen Zers, Gen Z, Gen, they've, Zers, HENRY, There's, aren't, Jamie Dimon, Dimon, Banks, Goldman Sachs, Joel Saget, Loren Elliott, Andreessen Horowitz, Elon, Barack Obama's, Allen Berezovsky, Getty, Roberto Machado Noa, Rowan Jordan, Tyler Le, Bob Iger's, it's, that's, Scooter Braun's, Camila Sterling, David Bolno, Sterling, Vivek Ramaswamy, Nikki Haley, Chris Christie, Will Smith, LL, Queen Latifah, Remy Ma, Chris Sattlberger, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brooks Kraft LLC, Alpha, Beta, Getty, JPMorgan, Treasury, MDs, AFP, Getty Images Google, Microsoft, Google, US, Disney, Republican, NBC News, CBS, Walt Disney Company, Bayer, Airbus Locations: Ukraine, California, Florida, New York City, San Diego, London, New York

☆ More than 20 members of Congress send letter to UPenn over alleged failure to address antisemitism on campus
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The letter, dated November 1, comes after the college was accused by wealthy donors and alumni of alleged failure to condemn antisemitism and hate following the attack. A similar letter from Norman was sent the same day to other universities such as Yale, Columbia and Harvard. Controversy began when a multiday event took place in September on campus at UPenn called the Palestine Writes Literature Festival. “This is an incredibly challenging moment in the world, and we are feeling its reverberations on our campus,” Magill wrote. “We can and will do better to combat antisemitism and to reject hate in all its forms.”UPenn didn’t immediately respond for comment about the letter.

Persons: Liz Magill, –, Ralph Norman of, Nancy Mace, Nicole Malliotakis, Michael McCaul, Norman, “, ” Norman, UPenn, Marc Rowan, ” Rowan, Magill’s, ” Magill, UPenn didn’t, – CNN’s Matt Egan Organizations: New, New York CNN, University of Pennsylvania, Harvard, Apollo Global Management Locations: New York, Israel, Ralph Norman of South Carolina, South Carolina, Michael McCaul of Texas, Yale, Columbia, UPenn, ”

☆ UPenn notified the FBI about threatening antisemitic emails sent to university staff as wealthy donors threaten to pull funding
▼ + stars: | 2023-11-07 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

The University of Pennsylvania has involved the FBI after some staff received threatening antisemitic emails. AdvertisementAdvertisementThe University of Pennsylvania has notified the FBI about "vile" antisemitic emails sent to its university staff, amid the ongoing Israel-Hamas war and as donors threaten to pull funding. Penn Police also did a sweep of Penn Hillel and Lauder College House, but didn't find a credible threat at that point. AdvertisementAdvertisementPenn Hillel is the building where the activities of international Jewish campus organization Hillel are hosted at UPenn, while Lauder College House is a housing block. Other major donors to the university joined Rowan in pulling funding including former US diplomat Jon Huntsman, and billionaire businessmen Clifford Asness and Ronald Lauder, for whom Lauder College House is named.

Persons: —, Elizabeth Magill, Penn, Penn Hillel, Magill, Hillel, Apollo Global Management Marc Rowan, Scott Bok, Rowan, Jon Huntsman, Clifford Asness, Ronald Lauder, Asness, Bill Ackman, Ackman, Claudine Gay Organizations: University of Pennsylvania, FBI, Service, of Pennsylvania, Penn, Lauder College House, Penn Police, Jewish, Ivy League, Apollo Global Management, Rowan, Ivy League university, Harvard Locations: Israel, UPenn, Penn

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicIn a major new campaign poll from The New York Times and Siena College, former President Donald J. Trump leads President Biden in five of the six battleground states likeliest to decide the 2024 presidential race. Widespread discontent with the state of the country and growing doubts about Biden’s ability to perform his job as president threaten to unravel the diverse coalition that elected him in 2020. Nate Cohn, The Times’s chief political analyst, explains why the results are less a reflection of Trump’s growing strength than they are of Biden’s growing weaknesses.

Persons: Donald J, Trump, Biden, Nate Cohn Organizations: Spotify, The New York Times, Siena College

☆ The Billionaire Donor Taking On His Alma Mater Over Antisemitism
▼ + stars: | 2023-11-04 | by ( Rachel Louise Ensign | ) www.wsj.com time to read: 1 min

When Marc Rowan ’s father died while he was a student at the University of Pennsylvania and the family could no longer afford tuition, the school told him he could finish paying whenever he was able. Rowan sent the university the money a few months after graduation, using his first bonus from his job as a junior investment banker at Drexel Burnham Lambert. Grateful for its generosity, he kept giving to Penn as he climbed to the pinnacle of Wall Street power. He donated $50 million to its Wharton school in 2018, the largest gift the business school had ever received at the time.

Persons: Marc Rowan ’, Rowan, Drexel Burnham Lambert Organizations: University of Pennsylvania, Drexel, Penn, Wharton

☆ Billionaire investor Marc Rowan accused of using Wall Street tactics to 'strong-arm' UPenn into leadership change amid antisemitism row
▼ + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apollo CEO Marc Rowan halted his donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. AdvertisementAdvertisementThe billionaire Marc Rowan was accused by a University of Pennsylvania trustee of using aggressive Wall Street tactics to put pressure on the college over its handling of campus antisemitism. Rowan has contacted "half of Wall Street" to discuss ways major donors can utilize their influence to try and bring about leadership changes at top schools, CNBC reported. Andy Rachleff, a trustee at Penn, told The Wall Street Journal that he saw Rowan's outspoken efforts as an attempt "to strong-arm the university using the classic Apollo playbook."

Persons: Marc Rowan, Penn, Rowan, —, Elizabeth Magill, Magill, Carolyn, Andy Rachleff, Bill Ackman Organizations: Ivy League, Service, University of Pennsylvania, Street Journal, Penn, CNBC, Wharton School's, Advisors, Wall Street Journal, Harvard, Pershing, Capital Management, Cornell Locations: Israel, UPenn, Penn, Gaza, Hamas

☆ Volvo Cars' sales of fully electric vehicles jump in October
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Nov 3 (Reuters) - Volvo Cars' (VOLCARb.ST) sales in October grew 10% from a year earlier to 59,861 cars as fully electric car sales jumped but hybrid models fell, the Sweden-based group said on Friday. Volvo Cars said in a statement sales of fully electric cars rose 29% to account for 18% of all its cars sold in the month. Sales of hybrid cars, however, fell 8%. In total, all recharge models were up 7% to account for 36% of total sales. Volvo Cars said on Friday that sales in the biggest market Europe were up 13% in October.

Persons: China's Geely, Yves Herman, Jim Rowan, BEV, EVs, Anna Ringstrom, Terje Solsvik, Jacqueline Wong Organizations: Volvo, China's, HK, REUTERS, Motors, Ford, Volkswagen, Thomson Locations: STOCKHOLM, Sweden, Brussels, Belgium, Europe, U.S, China

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

☆ Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania, as the school's leadership comes under criticism for whether it's doing enough to fight back against antisemitism following the start of the war between Israel and Hamas. "The Big Short" investor told CNBC's "Squawk Box" on Thursday that, after hearing fellow finance executive Marc Rowan was encouraging donors to close their checkbooks to Penn, he called the university and demanded his family's name be removed from a scholarship. "I do not want my family's name associated with the University of Pennsylvania, ever," Eisman said he told the university. Much of the frustration from donors is tied back to the Palestine Writes Literature Festival that took place on Penn's campus in September. Donors and fellow alumni signed an open letter to the university's leadership before the festival voicing their concerns about the event.

Persons: Steve Eisman, CNBC's, Marc Rowan, Eisman, Neuberger Berman Organizations: University of Pennsylvania, CNBC Locations: Israel, Penn, Palestine

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