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Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Analyst Atif Malik's $130 price target, up from $119, implies that the stock could rally 17% from here. The firm upgraded the software giant to a buy rating and hiked its price target to $210 from $155. The investing firm downgraded the online bank to neutral from buy and removed its $44 price target. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet's antitrust issues will limit upside going forward, according to Evercore ISI.

Persons: Atif, Malik, — Lisa Kailai Han, Ben Reitzes, Reitzes, BTIG, Vincent Caintic, Caintic, Lisa Kailai Han, KeyBanc, Justin Patterson, Patterson, GE Vernova, Julian Mitchell nodded, Mitchell, Mark Mahaney, Mahaney, Fred Imbert Organizations: CNBC, ISI, Barclays, GE Vernova, Citi, Oracle Melius Research, Oracle, Ally, Spotify, TAM, GE, General Electric, Electric Utilities, DOJ, Google, Microsoft, TAC Locations: Friday's, MI, United States, U.S

☆ India has a new nuclear-capable ballistic missile submarine. But can it catch up with China?
▼ + stars: | 2024-09-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.

Persons: CNN —, Rajnath Singh, Janes, Arighaat, ”, Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, – Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi

This tapestry hangs in the Cloisters, the Upper Manhattan branch of the Metropolitan Museum of Art. The Metropolitan Museum of ArtBut what are they? The Metropolitan Museum of Art“The unicorn is more of a symbol of that one person that you look for throughout your life,” she said. “All images, be they medieval tapestries or contemporary paintings or photos in the news, communicate best over duration,” Ms. Perratore said. The Metropolitan Museum of ArtUltimately, this exercise was only sort of about the unicorn or medieval art — or art at all.

Persons: You’ll, Karsten Moran, The New York Times It’s, John D, Rockefeller, Julia Perratore, … Karsten Moran, The New York Times …, Christ, Ms, Perratore, ”, he’s, you’ve, There’s, Virgin Mary Organizations: Metropolitan Museum of Art, The New York Times, Rockefeller Jr, The New York Locations: Upper Manhattan, Paris, Brussels

☆ A disappointed Rafael Nadal withdraws from Laver Cup over fitness worries
▼ + stars: | 2024-09-12 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

CNN —Twenty-two-time grand slam singles champion Rafael Nadal has withdrawn from next week’s Laver Cup due to fitness concerns, the tournament announced on Thursday. “I’m really disappointed to share that I won’t be able to compete at the Laver Cup in Berlin next week,” Nadal said in a statement. The Laver Cup has not announced who will replace Nadal to join Alexander Zverev, Carlos Alcaraz, Daniil Medvedev, Casper Ruud and Stefanos Tsitsipas in Bjorn Borg’s Team Europe. Nadal announced in April that he would play in this year’s Laver Cup in Berlin and was still expected to play despite withdrawing from the US Open due to concerns about his fitness. This year, Nadal played in only seven tournaments including the French Open and the Olympics, but has failed to return to the form expected from the former world No.

Persons: Rafael Nadal, week’s, “ I’m, ” Nadal, “, Bjorn, ” Rafael Nadal, Carlos Alcaraz, Clive Brunskill, Novak Djokovic, Nadal, Alexander Zverev, Daniil Medvedev, Casper Ruud, Stefanos Tsitsipas, Roger Federer, Roland Garros, Clay ”, I’ve, ” Spain's Rafael Nadal, Germany's Alexander Zverev, Emmanuel Dunand Organizations: CNN, Laver, Europe, Team Spain, Olympics, Getty Locations: Berlin, Swiss, Paris, AFP

Craig, the former mayor of Manchester, beat out Cinde Warmington, a former health care lobbyist and a member of the state’s Executive Council, in the Democratic primary. Tuesday’s winners will quickly move into a rapid eight-week general election campaign to replace Republican Gov. She held a wide lead in most polls of the GOP primary, allowing her to set her sights early on the general election. Meanwhile, Maggie Goodlander defeated Colin Van Ostern in a contentious and expensive Democratic primary in New Hampshire’s 2nd Congressional District, the AP projected. The winner of the primary will enter the general election as the favorite in the blue-leaning 2nd District.

Persons: Kelly Ayotte, Joyce Craig, Chuck Morse, Craig, Cinde, Chris Sununu, Amy Walter, ”, Warmington, Maggie Goodlander, Colin Van Ostern, Van Ostern, Goodlander, Jake Sullivan, Hillary Clinton, Annie Kuster, who’s Organizations: Associated Press, GOP, Democratic, Republican Gov, Purdue Pharma, Manchester, Congressional District, AP, Biden White House, Justice Department, Council, White House, District Locations: New Hampshire, Northeastern, Manchester, state’s, New Hampshire’s

☆ The strategic way Taylor Swift shut down fan backlash, endorsed Kamala Harris, and won
▼ + stars: | 2024-09-11 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

Last night, left-leaning Swifties everywhere breathed a sigh of relief: Taylor Swift finally endorsed Democratic candidate Kamala Harris for president. Two officials told NBC News they had no idea Swift's endorsement was coming — her running mate, Tim Walz, even found out on live TV — but they were definitely ready for it. (A representative for Swift didn't respond to a request for comment from BI.) Swift didn't officially endorse Biden until October 7, less than one month before the 2020 election. As Swift herself said in her endorsement post, "The simplest way to combat misinformation is with the truth."

Persons: Taylor Swift, Kamala Harris, Harris, Tim Walz, Barack Obama, Hillary Clinton, Joe Biden, Biden, Swift, she's, Walz —, Trump, Brittany Mahomes, Donald Trump, Swift could've, she'd, would've, Swifties Organizations: Service, Democratic, NBC News, Business, Republican Party, BI, Biden, DNC Locations: Vienna

New Hampshire voters will head to the polls Tuesday for a primary that will set up the matchup for one of just two governor’s races in presidential battleground states this year. In addition to North Carolina, New Hampshire is the only other swing state to hold a race for governor this election cycle. “I think that helps people in New Hampshire realize that Kelly Ayotte is a New Hampshire Republican, not a straight party loyalist,” Williams said. In New Hampshire, abortion is banned after fetal viability, or around the 24th week of pregnancy. “We’ve seen in the last few years that governors and state leadership sort of make or break it when it comes to protecting abortion rights,” Levy said.

Persons: Sen, Kelly Ayotte, Chuck Morse, Chris Sununu, Joyce Craig, Cinde Warmington, Amy Walter, Cook, Kamala Harris, Ayotte, Morse, Donald Trump, Trump, didn’t, hasn’t, Chuck Morse’s, he’s, Kelly, ”, Fergus Cullen, Cullen, Trumper, Sununu, Hillary Clinton, Joe Biden, “ She’s, Ryan Williams, “, ” Williams, “ Kelly, she’s, Maya Harvey, Chuck, ” Harvey, Craig, Jon Kiper, Warmington, Joyce Craig’s, Philip Stein, Kelly Ayotte’s, Joyce Craig's, ” Craig, Craig Brown, Craig “, “ It’s, Williams, They’ve, nodded, Neil Gorsuch, Gorsuch, Roe, Wade, Izzi Levy, “ We’ve, ” Levy, Dobbs, we’ve, Jason Osborne Organizations: New, Republican, GOP Gov, Democrats, Manchester, Hampshire, White, Democratic, GOP, New Hampshire Republicans, ” New, Republican Party, New Hampshire Republican, Purdue Pharma, Ayotte, Republicans, Hampshire Democrats, Trump, Democratic Governors Association Locations: New Hampshire, state’s, North Carolina , New Hampshire, Trump, Dover, ” New Hampshire, Manchester, Hampshire, New England, “ New Hampshire

☆ Stock market today: Indexes rise as traders eye debate and upcoming inflation report
▼ + stars: | 2024-09-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Investors are gearing up for August's consumer price index report to release on Wednesday. Tuesday's presidential debate could also impact investor sentiment. This week, investors are bracing for the incoming consumer price index report, scheduled for release on Wednesday morning. Before the inflation print, investors will first tune into Tuesday evening presidential debate between candidates Donald Trump and Kamala Harris. Later in the week, the producer price index and the latest jobless claims will be published on Thursday.

Persons: Stocks, —, Donald Trump, Kamala Harris, David Bahnsen Organizations: Service, Bahnsen Group, Here's

☆ How Wall Street Giants Made Billions Preying on College Students
▼ + stars: | 2024-09-10 | by ( Ryann Liebenthal | ) www.businessinsider.com time to read: +13 min

In 1970 there had been only 18,333 students enrolled at degree-granting for-profit schools, less than a quarter of a percent of the total number of college students. In 2010, Tom Harkin, chair of the Senate's education committee, began a two-year investigation into for-profit schools. But even more shocking, federal money flowing to for-profit schools accounted for 25% of all federal student aid and 47% of eventual loan defaults. Students' money enriched every corner of the for-profit industry except one: quality of instruction. In fact, these for-profit students were actually worse off than if they hadn't gone to school at all.

Persons: Kaplan, bankrolling, —, underperformers, Ashford, Warburg Pincus, Tom Harkin, Harkin, Goldman Sachs, Goldman, Pell Grant, Ryann Liebenthal Harper, Stephanie Riegg Cellini, Cellini, Ryann Liebenthal Organizations: University of, Apollo Group, ITT Tech, Fortune, Federal Family Education, Ashford, University, company's, Ashford University, Bridgepoint Education, New, Defense Department, Bloomberg, Camp Lejeune, Ryann Liebenthal Harper Collins Publishers, Books, HarperCollins Publishers Locations: California, New York City, Bridgepoint, Pell, Vietnam, Iraq, Camp, Oakland , California

☆ Another US amphibious warship is out of commission as mechanical failures continue to plague the Navy's fleet
▼ + stars: | 2024-09-09 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +6 min

Several hours later, the Iwo Jima was spotted coming back to Norfolk . Sailors and Marines wash the flight deck of USS Iwo Jima. A fleet of MV-22 Osprey aircraft is seen on the flight deck of USS Iwo Jima while at anchor at a port in northern Israel. AdvertisementMilitary helicopters are seen on the flight deck of USS Iwo Jima during a NATO exercise. JONATHAN NACKSTRAND/AFP via Getty ImagesSince then, both Franchetti and the current leader of the Marine Corps, Gen. Eric Smith, have tried to present a more unified front on the issue .

Persons: —, Cmdr, David Carter, Carter, AirAssets, Military.com, Dominick A, Boxer, Lisa Franchetti, ACK GUEZ, David Berger, Berger, JONATHAN NACKSTRAND, Eric Smith, Smith Organizations: Service, Navy, Naval Surface Force, Naval, Business, Marine Corps, Iwo Jima, Sailors, Getty, USS Wasp, Iwo, Boxer, Marine, Marines, House Armed Services Committee, Geographic, Forward Deployed Naval Forces, United States Navy Locations: Norfolk, Iwo Jima, Virginia, Iwo, Israel, AFP, Turkey, Sudan, NATO, East Coast, West Coast, Japan

☆ The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
▼ + stars: | 2024-09-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

As November's Election Day draws nearer, so does bitcoin's eventual breakout from this year's narrow trading range, according to Bernstein. "We expect bitcoin to claim back new highs, in case of a Trump win and by Q4, we expect bitcoin to reach close to $80,000-$90,000 range. However, if Harris wins, we expect bitcoin to break the current floor around $50,000 and test the $30,000-$40,000 range, which it was when the bitcoin ETF momentum started in Q4'2023." BTC.CM= YTD mountain Bitcoin year-to-date Standard Chartered has forecast a bitcoin rally to $150,000 if Trump wins. "After last 3 years of regulatory purge, a positive crypto regulatory policy, can spur innovation once again and bring the users back to financial products on the blockchain."

Persons: Bernstein, Donald Trump, Kamala Harris, Gautam Chhugani, Harris, Trump, Gary Gensler, Chhugani, Massachusetts Sen, Elizabeth Warren's, TD Cowen, Joe Biden's Organizations: Trump, Securities, Exchange, Democratic Locations: —, U.S, Q4'2023, Nashville, Massachusetts

☆ Before his death, Steve Jobs told Bob Iger to retire from Disney and try to enjoy the good things in life: report
▼ + stars: | 2024-09-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewBefore dying of pancreatic cancer in October 2011, the late Apple CEO Steve Jobs told his counterpart at Disney, Bob Iger to start planning his retirement. Jobs, Iger wrote in his memoir, played a critical role in Disney's acquisition of Marvel in 2009. In July 2023, Disney said that Iger's tenure as Disney CEO will run through 2026. Advertisement"The person that I think most of, that I was fortunate enough to have observed very closely, is Steve Jobs," Iger said of Jobs in an interview with Time magazine published in April 2023. Jobs, Iger told the magazine, had returned to Apple under "very different circumstances" than when he'd founded it.

Persons: —, Steve Jobs, Bob Iger, Jobs, Iger, Disney didn't, he'd, Ike Perlmutter, Marvel's, we'd, Ike, Steve Organizations: Service, Apple, Disney, New York Times, Business, Iger, Walt Disney Company, Pixar, Marvel, NeXT

☆ This startup ditched plans to go public and sold to a private equity firm for $3 billion. Here's the pitch deck it used.
▼ + stars: | 2024-09-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

European private equity firm Hg expressed interest in buying a majority stake in the enterprise software company. For startups, private equity represents a deep-pocketed buyer willing to move quickly, pay a premium, and potentially help the business by tapping into complementary companies in their portfolio. AuditBoard is the kind of startup that private equity goes gaga over. Bidding warArnold then delivered the pitch deck that he had shown to public market investors just weeks before. Here's the 19-slide pitch deck that AuditBoard used to court a $3 billion buyout from private equity.

Persons: —, Scott Arnold, Morgan Stanley, Arnold, AuditBoard, Corporates, Daniel Kim, Jay Lee, It's, Fortune, Alex Johnson, Johnson, Morgan Stanley's, Roxanne Oulman's, Nic, Humphries — Hg's, Goldman Sachs, Humphries, he's Organizations: Service, Business, Battery Ventures, Tiger Global, Morgan Locations: Silicon Valley, San Francisco, Shutterfly, Paris

☆ Jessica Fern's 'Polysecure' promised a world beyond monogamy. She didn't say it would be easy.
▼ + stars: | 2024-09-05 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

The psychotherapist's 2020 book, "Polysecure," has become the poly bible for an increasingly queer and fluid generation. As consensual nonmonogamy went mainstream, searches for Fern's "Polysecure" spiked. "I've heard authors joke they get a cup of coffee from their book," Fern said. When Jessica Fern and Dave Cooley opened up their relationship, Cooley was surprised at the "searing anguish" he felt about his wife seeing other men. Fern, Cooley, and Fern's partner bought the property together and settled in, planning to live there long term.

Persons: Jessica Fern, Feeld, Lionel Messi, Fern, John, nonmonogamy, Molly Roden Winter's, Miranda July's, I've, Nielsen BookScan, you've, we're, Hannah, Dave Cooley, Cooley, Esther Perel, Dan Savage, Guralnik —, Ross Geller, it's, butch barista, deblasio, Chirlane McCray, Suki Waterhouse, Allison P, Davis, Clinton, isn't, Gilmore, Diego, — they're, Fern disentangled, polyamory, Julia, Apryl, Jessica, John Bowlby, Mary Ainsworth, Fern's polyamorous, she's, It's, Mike Belleme, Tobias, Lindsay, Molly Roden Winter, compersion, Fern's, —, Abby, she'd, Axios they'd, Christopher Gleason, they'd, Gleason, We've, curt, Escher, Franklin Veaux, Eve Rickert's, Rickert, aren't, I'm, Daniel Lavery, " Lavery, polysecurity hasn't, She's, pats, hasn't, polysecurity, Fern isn't, We're, Myers, Briggs, there's Organizations: New York Times, New York Magazine, SUNY, Kinsey Institute, George Mason University Locations: Costa Rica, North Carolina, Russian, Manhattan, Asheville, patrick, Fort Greene, San Francisco, Cooley, Sheepshead Bay , Brooklyn, British, polyworld, Boulder , Colorado, Vancouver, Brooklyn, COVID, Bahamas, Feeld, Fern

☆ Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
▼ + stars: | 2024-09-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering. Competitors Starling and Monzo, meanwhile, took more than three and four years to make their first profit, respectively. Others have managed to hit profitability faster. Zilch also said it topped £100 million ($130 million) in annual revenue run rate, doubling from the run rate it reported last year. Philip Belamant, Zilch's CEO and co-founder, told CNBC Tuesday that, despite the current high-interest rate environment, the firm was able to hit profitability by growing its business rather than cutting back like other fintechs have done.

Persons: Zilch, Starling, Monzo, Philip Belamant Organizations: CNBC

☆ Soaring sports team values create new pressure for owners on taxes, succession
▼ + stars: | 2024-09-03 | by ( Robert Frank | ) www.cnbc.com time to read: +6 min

Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from soaring team values are also facing new pressure from two of the oldest certainties in American wealth: death and taxes. With the average age of team owners rising, and team values skyrocketing into the billions, owners and leagues are increasingly focused on how to ensure smooth ownership transitions to the next generation of buyers. Succession and taxes have become especially important in the National Football League, where the average age of team owners is now over 72 and team values are all surging. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. So owners have to be planning for the potential for more punitive estate taxes in the coming years.

Persons: Ric Tapia, Stephen Amdur, Pillsbury Winthrop Shaw Pittman, Robert Frank, Pat Bowlen, Rob Walton, Bud Adams, Grant Halverson, Amy Adams Strunk, Tom Benson, Gayle, Jonathan Bachman, Joe Robbie, George " Papa Bear, Halas, George Halas, Amdur, That's, Roger Goodell Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, Sports, Pillsbury, National Football League, Former Denver Broncos, Tennessee Titans, Minnesota Vikings, Getty Images Tennessee Titans, Longtime New Orleans Saints, National Basketball, New Orleans Pelicans, New, New Orleans Saints, Mercedes, Benz, Miami Dolphins, NBA, Chicago Bears, Bettmann Locations: Houston, Nashville , Tennessee, New Orleans, New Orleans , Louisiana

☆ Trump lawyers are set to argue in court this week that the hit '80s song 'Electric Avenue' wasn't properly copyrighted
▼ + stars: | 2024-09-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump's lawyers are expected to argue that, for decades, Grant somehow neglected to copyright the sound recording, or "master," for "Electric Avenue." Trump's lawyers acknowledge that Grant copyrighted the sheet music 40 years ago. Trump's side may argue that even Grant has tacitly acknowledged that the sound-recording copyright for "Electric Avenue" was never properly nailed down. Two weeks ago, on August 15, Grant applied to the US Copyright Office "for a sound-recording copyright registration of Electric Avenue," a court filing says. AdvertisementAnd Grant has been deposed by Trump's lawyers, who asked the artist to "explain" the song.

Persons: —, Donald Trump, Eddy Grant, Grant, Joe Biden, Trump, Neil Young's, Isaac Hayes, Hayes, Eddy Grant's, John G, Brett Van Benthysen, Dan Scavino, Van Benthysen, Scavino, weren't Organizations: Service, Trump, Twitter, Business, Trump —, MTV, Electric, Warner Records, Greenheart, US Locations: Manhattan, Barbados, Georgia

☆ The pros and cons of a condensed campaign for Harris: From the Politics Desk
▼ + stars: | 2024-08-23 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, "Meet the Press" moderator Kristen Welker examines whether a shortened campaign calendar will help or hurt Vice President Kamala Harris. Plus, we dive into Robert F. Kennedy's decision to suspend his third-party bid and back former President Donald Trump. I’m speaking, of course, of Donald Trump,” Kennedy added. Still, the initial conservations started earlier, about a week before the Republican convention, with right-wing commentator Tucker Carlson connecting Trump Jr. with Kennedy. From there, Trump Jr. and donor Omeed Malik served as go-betweens to help close the deal.

Persons: Kristen Welker, Kamala Harris, Robert F, Donald Trump, — Harris, Joe Biden’s, Kennedy Jr, Harris, Tim Walz, Vance, Harris ’, Biden, —, Chuck Todd, Hillary Clinton, ” Harris, Alex Seitz, Wald, Read, Matt Dixon, Henry J, Gomez, →, Trump, Katherine Koretski, Ben Kamisar, Garrett Haake, Dasha Burns PHOENIX — Robert F, “, Kennedy, ”, ” Kennedy, Mary Beth Cahill, “ Donald Trump isn’t, he’s, Donald Trump Jr, Tony Fabrizio, Tucker Carlson, Omeed Malik Organizations: NBC, White House, Capitol, Democratic, Trump, → RFK, Democrats, Democratic Party, Democratic National Committee, RFK Jr, GOP, Trump ”, Republican, Trump Jr Locations: Oakland, Iowa, Pennsylvania, Arizona, Ukraine

☆ NBCUniversal is pinning Peacock's streaming success on its $2.45 billion per year NBA deal
▼ + stars: | 2024-08-15 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +7 min

On Jan. 13, NBCUniversal's subscription streaming service Peacock showed its first-ever exclusive NFL playoff game — a 26-7 victory by the eventual Super Bowl-winning Kansas City Chiefs over the Miami Dolphins. For NBCUniversal, obtaining NBA rights helps guarantee sustainability in a fight for eyeballs against streaming behemoths such as Netflix , Amazon Prime Video and Disney +. Beginning with the 2025-26 season, Peacock will have about 50 exclusive national regular-season and postseason NBA games, including national Monday night games and doubleheaders. Having exclusive NBA games is really important for that mission." Discovery decided not to compete with NBCUniversal for NBA rights once the price tag ballooned past $2 billion per year.

Persons: Angela Weiss, Rick Cordella, Peacock, Patrick Mahomes, Kansas City Chiefs Jamie Squire, Cordella, NBCU, they've, David Berson, Jessica Reif Ehrlich, Ehrlich, NBCUniversal, Adam Silver Organizations: NBA, AFP, Getty, Comcast, NBC Sports, Disney, NFL, eventual, Kansas City Chiefs, Miami Dolphins, Nielsen, Research, Peacock, Premier League, WWE, IndyCar, Recreation, Sports, Media, Netflix, Amazon Prime, Paramount, CBS Sports, Skydance Media, Warner Bros . Discovery, Bank of America, NBC, Warner Bros, Discovery, TNT, ABC, ESPN, Hollywood, CNBC Locations: New York, U.S, Peacock

☆ Move over dealmakers: Portfolio-company operators are the rising stars of private equity
▼ + stars: | 2024-08-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.

Persons: —, you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking

☆ The startup landscape for deals is drastically changing
▼ + stars: | 2024-08-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .

Persons: —, You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London

Former President Donald Trump’s campaign on Saturday said that it had been hacked by an Iranian group in June, “which coincides with the close timing of President Trump’s selection of a Vice Presidential nominee,” Steven Cheung, a spokesperson for the Trump campaign, told NBC News. The hack was first reported by Politico and NBC News has not independently verified that the hack took place or where it originated. Politico said that it began receiving emails from an anonymous account sharing internal documents from the Trump campaign in July. The documents included research papers on at least two of the contenders to be Trump’s running mate, including the eventual GOP vice presidential nominee: Ohio Sen. JD Vance. “The Iranians know that President Trump will stop their reign of terror just like he did in his first four years in the White House.

Persons: Donald Trump’s, Trump’s, ” Steven Cheung, Trump, Ohio Sen, JD Vance, ” Cheung, Cheung, ”, Politico, “ Organizations: NBC News, Politico, Democratic, NBC, Microsoft, Islamic Revolutionary Guard Corps, ” Microsoft, United Nations Locations: Iranian, “, United States, New York

The last two races of the Paris Games were a gold rush for the U.S., with both the women and men dominating the 4x400-meter relays Saturday. A three-time gold medalist after wins in the 200-meter and 4x100-meter relay, Thomas helped widen the gap in the third lap that McLaughlin-Levrone created in the second. In the last lap, it came down to a race between two gold medalists: Benjamin and Botswana’s Letsile Tebogo. With the victory, 16-year-old Quincy Wilson — who ran earlier in the week for the U.S. but not in the final — is now the youngest Olympic track-and-field gold medalist ever. He is also the youngest male U.S. Olympic gold medalist in any sport since 1952.

Persons: Sydney McLaughlin, Levrone, Gabby Thomas, Alexis Holmes —, McLaughlin, Thomas, Holmes, Rai Benjamin, Christopher Bailey, Bryce Deadmon, Vernon Norwood, Benjamin, Botswana’s, Tebogo, Quincy Wilson —, Wilson Organizations: Paris Games, Jamaica, Great Britain, American, U.S Locations: Shamier, Netherlands, Great, Tebogo

☆ Attorneys say Austin violated military rules in halting deal for alleged 9/11 conspirators
▼ + stars: | 2024-08-07 | by ( Haley Britzky | ) edition.cnn.com time to read: +8 min

Wednesday’s pretrial hearing, which has been scheduled for months, followed a whiplash decision by Austin to revoke a plea deal that had been announced just two days prior last week. “What he did was illegal,” Eugene Fidell, who teaches military justice at Yale University and co-founded the National Institute of Military Justice, told CNN. But Sowards argued Wednesday that by revoking the deal, Austin was actually doing more harm to the families. While the terms of the pretrial agreement had not been released publicly, among them was the assurance that the detainees would answer questions by 9/11 victim family members. Sowards said family members had already “been submitting questions in good faith,” and expecting answers in return as part of the deal.

Persons: Lloyd Austin, ”, ” Walter Ruiz, Mustafa Ahmed Adam al Hawsawi, Austin, Susan Escallier, Khalid Shaikh Mohammad, Walid Muhammad Salih Mubarak Bin ‘ Attash, Ruiz, “, ” Austin, ” Eugene Fidell, Gary Sowards, Mohammad, ” Sowards, Clayton Trivett, ’ ”, Austin “, Antony Blinken, “ I’m, Sowards, Wells Dixon, Majid Khan, Khan, Dixon, ” Dixon, Eugene Fidell’s Organizations: CNN —, Defense, Guantanamo, Pentagon, White, White House, Yale University, National Institute of Military, CNN, Military Commissions, Austin, Military, Australian, American, ”, Center for Constitutional Rights Locations: Guantanamo, Austin, Belize

☆ Tuesday's analyst calls: Taiwan Semiconductor a buying opportunity, CrowdStrike upgraded
▼ + stars: | 2024-08-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

He increased his price target by $25 to $575, which suggests shares can jump about 20.9% over the next year. Rollins upgraded the stock to neutral from sell and upped his price target from $1.25 to $3.15 per share, which implies roughly 21.6% potential upside. Analyst Rick Wise initiated coverage of GE Healthcare with a buy rating and $100 price target, which suggests 22.7% upside. Analyst Rob Owens upgraded the global cybersecurity company to overweight from neutral and lowered his price target by $20 to $290, which implies 30.6% upside. Its price target of 1,200 Taiwanese dollars implies upside of 36.4%.

Persons: Morgan Stanley, Piper Sandler, Rob Sanderson, Sanderson, — Pia Singh, Michael Rollins, Rollins, Lumen, Rick Wise, Wise, CrowdStrike, Rob Owens, Owens, pare, Price, Charlie Chan, Chan, Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Meta, Citi, Lumen Technologies, GE Healthcare, Delta Air Lines, Microsoft Locations: U.S

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