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☆ Facing Another Boeing Crisis, the F.A.A. Takes a Harder Line
▼ + stars: | 2024-02-05 | by ( Mark Walker | ) www.nytimes.com time to read: +1 min

When a Boeing 737 Max 8 crashed off the coast of Indonesia in 2018, killing all 189 people on board, the Federal Aviation Administration allowed other Max planes to keep flying. Less than five months later, in early 2019, another Max 8 crashed in Ethiopia, killing 157 more people. In early January, when a door panel blew out of a Boeing 737 Max 9 jet, the F.A.A. Within a day, it had grounded scores of similar Max 9 planes. The regulator also opened an investigation into Boeing’s compliance with safety standards and announced an audit of the Max 9 production line.

Persons: Max, ”, William J, McGee Organizations: Boeing, Max, Federal Aviation Administration, American Economic Liberties, Airbus Locations: Indonesia, Ethiopia

☆ The super-rich are buying more ultra-customized Rolls-Royces and Lamborghinis
▼ + stars: | 2024-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +10 min

Lamborghini sold more than 10,000 vehicles last year for the first time ever and Ferrari had a more than 17% increase in revenue. But customers purchasing Lamborghinis, Rolls-Royces and Bentleys have an even wider array of infinitely customizable paint colors and interior materials, to start with, than carmakers offer for less expensive brands. If the customer has a favorite shirt, for example, the car paint could be matched to the fabric color. At Dixon’s Rolls-Royce dealership three quarters of the roughly 90 cars sold each year include some degree of custom options, she said. While she and Rolls-Royce’s design team can provide guidance, in the end, the choices have to be the customer’s.

Persons: Royce, Ferrari, Lamborghini, Bentley, ”, Stephan Winkelmann, Lewis Hamilton, Altrata, Royce Cullinan, Javier Gonzalez Lastra, “, ” Gonzalez Lastra, Pietro Frigerio, Kellyn Dixon, Dixon, Bugatti Chiron, Bugatti, Chiron, Lamborghini’s Winkelmann Organizations: California CNN, Lamborghini, Ferrari, Bentley, Royce, CNN, Ferrari’s, Tema, Volkswagen, Ford, Art Basel Miami Beach, Rolls Royce, Bugatti, Bugatti Bugatti Locations: Irvine, California, Newport Beach , California, Irvine , California, Goodwood

☆ News Outlet Blames Photoshop for Making Australian Lawmaker’s Photo More Revealing
▼ + stars: | 2024-01-31 | by ( Yan Zhuang | ) www.nytimes.com time to read: 1 min

A lawmaker in the Australian state of Victoria sat down to watch the nightly news on Monday, expecting to see herself featured as a prominent opponent of duck hunting. But the member of Parliament, Georgie Purcell, noticed that in one photo used on 9News, the tattoos on her midriff were missing. “I saw the image come up on the screen and I thought, ‘That’s really odd,’ because my stomach is heavily tattooed,” Ms. Purcell said on Wednesday.

Persons: Georgie Purcell, “, ‘, Ms, Purcell Locations: Australian, Victoria

☆ News channel sparks outrage over ‘sexist editing’ of female lawmaker’s image
▼ + stars: | 2024-01-30 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +3 min

CNN —An Australian news channel has apologized after broadcasting an edited picture of a female lawmaker that enlarged her breasts and exposed her midriff. The digitally altered photograph of Victoria state lawmaker Georgie Purcell appeared in a 9News evening bulletin Monday after she criticized the local government for rejecting a ban on duck hunting. But having my body and outfit photoshopped by a media outlet was not on my bingo card. “I would like to sincerely apologise to Georgie Purcell for a graphic error that occurred in last night’s bulletin,” Nailon’s 9News statement read. “Our graphics department sourced an online image of Georgie to use in our story on duck hunting.

Persons: Georgie Purcell, “, ” Purcell, ”, NhnkDRMidc — Georgie Purcell, @georgievpurcell, Purcell, you’ve, Hugh Nailon, Georgie, Ms Purcell unreservedly Organizations: CNN, Animal Justice Party, Photoshop, Adobe Locations: Australian, Victoria, Melbourne

The New York drugmaker also said Tuesday it's reaffirming its forecast for 2024, a month after surprising Wall Street with an initial outlook that missed consensus. In the fourth quarter, Pfizer said it booked 8% operational revenue growth outside its market-leading COVID vaccine, Comirnaty, and treatment, Paxlovid. Comirnaty sales tumbled 53% in the quarter to $5.4 billion, and Pfizer took a $3.1 billion hit from Paxlovid for a revenue reversal. It included sales expectations for its COVID-19 products that fell more than $5 billion short of expectations. The company had previously scaled back its sales expectations for 2023, which sent Pfizer shares plunging and contributed to a rough year for the stock.

Persons: Pfizer, York drugmaker, it's Organizations: Pfizer, Pfizer Inc Locations: York

☆ Ryanair CEO has ‘a lot of confidence’ in Boeing chief David Calhoun
▼ + stars: | 2024-01-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“I have a lot of confidence both personally and professionally in David Calhoun and in Brian West,” Ryanair’s Michael O’Leary said Monday, referring to Boeing’s CEO and chief financial officer respectively. Calhoun — who was appointed to the top job in January 2020 as Boeing was already struggling with quality and safety issues — will unveil the planemaker’s full-year results Wednesday. Ryanair CEO Michael O'Leary, left, voiced strong support for Boeing CEO David Calhoun Monday. Partly because of this, Ryanair expects full-year profit for the current financial year to be at the lower end of a range of €1.85 billion-€1.95 billion ($2 billion-$2.1 billion) — trimming a November forecast of up to €2.05 billion ($2.2 billion). That would still be up from its previous record of €1.45 billion ($1.6 billion) earned in 2018, before the Covid-19 pandemic.

Persons: ”, David Calhoun, Brian West, Michael O’Leary, “, Calhoun —, Dennis Muilenberg, Calhoun, Michael O'Leary, Scott Kirby, Kirby, Max, ” O’Leary, we’ll, O’Leary, ” — Organizations: London CNN, Boeing, Ryanair, Lauda, United, Max, Alaska Airlines, US Federal Aviation Administration, CNBC, United Airlines, Reuters, Airbus Locations: US, Austrian, Alaska, American, Toulouse, United Kingdom, Kiwi.com, Europe

☆ Airlines Hoping for More Boeing Jets Could Be Waiting Awhile
▼ + stars: | 2024-01-25 | by ( Sydney Ember | Santul Nerkar | ) www.nytimes.com time to read: +1 min

Boeing hoped 2024 would be the year it would significantly increase production of its popular Max jets. Since then, details have emerged about the jet’s production at Boeing’s facility in Renton, Wash., that have intensified scrutiny of the company’s quality control. Boeing workers opened and then reinstalled the panel about a month before the plane was delivered to Alaska Airlines. The directive is another setback for Boeing, which had been planning to increase production of its Max plane series to more than 500 this year, from about 400 last year. It also planned to add another assembly line at a factory in Everett, Wash., a major Boeing production hub north of Seattle.

Persons: Max Organizations: Boeing, Federal Aviation Administration, Max, Alaska Airlines, Portland International Locations: Oregon, Renton, Wash, Everett, Seattle

☆ Boeing Faces Backlash From Airline Chiefs
▼ + stars: | 2024-01-24 | by ( Bernhard Warner | More About Bernhard Warner | ) www.nytimes.com time to read: +1 min

Airline bosses on both sides of the Atlantic are lashing out at Boeing over a number of recent safety and production issues — loose bolts, a discarded wrench found under the floorboards, delayed shipments — as the crisis over the aircraft maker’s 737 Max 9 shows little sign of ending soon. Boeing’s stock has fallen nearly 15 percent since Jan. 5, when a door plug flew off a Max 9 during an Alaska Airlines flight shortly after takeoff. The Federal Aviation Administration grounded some Max 9 jets until they were inspected and said it would investigate whether Boeing failed to ensure that the plane was safe. (Here’s an explanation from The New York Times about how the door panel may have flown off that Alaska plane.) Ms. Cantwell said last week that she planned to hold hearings on the Max 9 groundings.

Persons: Max, Dave Calhoun, Maria Cantwell, Cantwell, groundings Organizations: Boeing, Alaska Airlines, Federal Aviation Administration, New York Times, Washington Democrat, Commerce Locations: Alaska, Washington

☆ Alaska Airlines CEO says company found loose bolts on ‘many’ Boeing Max 9s
▼ + stars: | 2024-01-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” scheduled to air Tuesday. The US Federal Aviation Administration urged airlines on Sunday to inspect so-called door plugs on an earlier version of Boeing 737 airplanes. After recent inspections of the newer Max 9s, United Airlines and Alaska Airlines have found loose bolts. NBC asked Minicucci if Boeing has a problem with quality control extending beyond a single plane. We will follow the lead of the FAA and support our customers every step of the way.”The CEO of United Airlines, one of the biggest buyers of Boeing jets, also expressed frustration with the company.

Persons: Ben Minicucci, Lester Holt ”, ” Minicucci, Max, that’s what’s, ”, Minicucci, Stan Deal, “ I’m, Scott Kirby, they’ve, ” CNN’s Chris Isidore, Gregory Wallace, Hanna Ziady Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, NBC, US Federal Aviation Administration, United Airlines, FAA, Airplanes, United, CNBC Locations: New York, Portland , Oregon, Ontario , California, Alaska

☆ BYD: Why Hungary and Mexico could be key to the Chinese carmaker’s global domination
▼ + stars: | 2024-01-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +9 min

The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as the world’s biggest seller of electric vehicles (EVs). 1," a shipping carrier vessel intended to export BYD vehicles, at Yantai port in eastern China's Shandong province in January. BYD Mexico did not respond to a request for comment. “The US government is not going to like that Mexico is creating a back door.”A BYD electric vehicle, operated by Vemo taxi, in Mexico City in November. But as it continues to grow overseas, BYD will have to take a more localized approach, analysts say.

Persons: Warren Buffett, Tesla, BYD, Viktor Orbán’s, Yucatán, what’s, Elon Musk, Tu Le, carmaker, Hungary —, Matthias Schmidt, ”, “, Schmidt, Bill Russo, it’s, Le, Mariceu Ethrall, It’s, “ It’s, ‘ We’re, ’ ”, Stella Li, México, ” Li, Wang Chuanfu, BYD “, Russo, they’ve, ” Russo Organizations: Hong Kong CNN, Xinhua, Getty, CNN, Tesla, BMW, Audi, European Union, Schmidt Automotive Research, EV, European Commission, Bloomberg, BYD, El Locations: Hong Kong, China, Europe, BYD, Shenzhen, Germany, Netherlands, Hungary, Mexico, North America, China's Shandong, Szeged, Komárom, France, Shanghai, Hungarian, United States, Canada, Mexico City, Mexican, Dutch, Rotterdam, California, Brazil, Indonesia, Thailand, Uzbekistan, Macao, Taiwan, Japan, what’s

☆ Friday, Jan. 19, 2024: Cramer breaks down 'powerful move' in this semiconductor holding
▼ + stars: | 2024-01-19 | by ( Delon Thornton | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFriday, Jan. 19, 2024: Cramer breaks down 'powerful move' in this semiconductor holdingJim and Jeff discuss the upgrade of this semiconductor stock. They also dive into this big tech stocks big market move. Finally, they discuss this automaker’s outlook as EV demand declines in the U.S.

Persons: Cramer, Jeff Locations: U.S

☆ Apple risks a hit to its sales after Supreme Court declines to review Epic’s app store case
▼ + stars: | 2024-01-16 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Apple estimated in 2022 that developers generated $1.1 trillion in the App Store that year, making the high court’s decision not to hear the case a major blow to Apple. It also highlights how a lawsuit triggered by “Fortnite”-maker Epic Games appears to have resulted in lasting changes to Apple’s app store, affecting potentially millions of apps across iOS. That court order, first issued by a federal district court in Apple’s landmark antitrust battle against Epic Games, could affect potentially millions of app developers, Apple said in its Supreme Court filings. The lower courts in the Apple case have held that Apple is not a monopolist in app distribution. At the same time, however, a federal jury last month issued a unanimous verdict finding that Google’s app store violates federal antitrust laws.

Persons: “ Fortnite, Apple, Apple didn’t, Tim Sweeney Organizations: CNN, Apple, US, Epic, Epic Games, Google, Android Locations: Apple’s

☆ John Deere, Meet Elon Musk: SpaceX Satellites to Link Farm Giant’s Equipment
▼ + stars: | 2024-01-15 | by ( Bob Tita | Micah Maidenberg | ) www.wsj.com time to read: 1 min

Deere has been investing billions of dollars in building out computer-assisted services for farmers. Photo: Alan Look/Zuma PressDeere said it would tap SpaceX’s satellite fleet to propel the tractor maker’s digital farming push and help automate planting and harvesting in remote locations. The world’s largest farm machinery manufacturer signed a deal with SpaceX’s Starlink business to connect tractors, seed planters, crop sprayers and other equipment in areas that lack adequate internet service, allowing them to use Deere’s digital products.

Persons: Deere, Alan Look, Zuma Press Deere, SpaceX’s Organizations: Zuma Press

☆ John Woo Has Seen a Lot in Hollywood. He’s Finally Back for More.
▼ + stars: | 2023-12-01 | by ( Brandon Yu | ) www.nytimes.com time to read: +1 min

When John Woo was a child, living in the dangerous slums of Hong Kong, he had two sanctuaries: the church and the movie theater. Both provided respite from a world of poverty and intense violence. He’d use a flashlight to illuminate the glass and, shifting the light, project moving images onto the wall. That 1989 film, starring his frequent collaborator Chow Yun-fat, proved a major work that established both Woo’s style and our notion of modern action cinema. And yet, even as his so-called “bullet ballet” films went on to influence an array of popular culture makers, including the Wu-Tang Clan and Quentin Tarantino, Woo said he never particularly cared for action films.

Persons: John Woo, Woo, Oz ”, it’s, Chow Yun, Wu, Wu - Tang Clan, Quentin Tarantino Organizations: Wu - Locations: Hong Kong, Wu - Tang

AbbVie will pay around $10 billion to add a potential blockbuster cancer treatment as cheaper versions of the drugmaker’s all-time best seller, Humira, cut into sales. But company leaders cautioned Thursday that a return on the deal they announced for drug developer ImmunoGen will take time to develop. The deal delivers Elahere, an ImmunoGen ovarian cancer treatment that AbbVie says could eventually reap billions of dollars in annual sales and drive long-term revenue growth. AbbVie has been dealing this year with cheaper competition for its top seller, the autoimmune disease treatment Humira. AbbVie and ImmunoGen said Thursday that the boards of both companies have approved the transaction.

Persons: AbbVie, Elahere, Humira, ImmunoGen Organizations: Food and Drug Administration, Inc Locations: U.S, Waltham , Massachusetts, Chicago , Illinois

☆ How Jewish People Built the American Theater
▼ + stars: | 2023-11-29 | by ( Jesse Green | ) www.nytimes.com time to read: +46 min

Let Us Tell You A Story How Jewish people built the American theater as we know it. The theater, which for many Jews was a major way of becoming American in the first place, seems unable to acknowledge that the danger that American Jews face is not just historical, and not just onstage. (Both of Adler’s parents were Yiddish theater stars — her father, Jacob Adler, was a renowned Shylock in 1903.) Embedding their own observation and experience within Stanislavsky’s, along with the best of Yiddish theater and a generous dollop of Freud, they converted the American theater to Judaism. Sara Krulwich/The New York TimesThe Jewish contribution to the creation of the American theater was built on the acknowledgment of a larger humanity alive within each of us, available to some, with natural empathy and rigorous training.

Persons: Glocca, “, Lerner, Loewe, ”, Isidore Hochberg, Burton Lane, né Burton Levy, William Goldman, “ Killybegs, Sammy Davis Jr, Julie Andrews, Connie Francis, Rosemary Clooney, Tommy Dorsey, Davis, —, Arthur Miller’s “, joyously, Jason Schmidt, Christine Jones, Miller, I’ve, Marilyn Monroe, Robert Brustein, Neil Simon’s, ” Cynthia Ozick, Sholom, Philip Roth, Simon, Leonard Bernstein, Matt Nadel, Bradley, Bernstein, “ Maestro, Shylock, William Shakespeare’s “, Venice ”, Shakespeare, Christopher Marlowe’s, Farah Karim, Cooper, Bard ”, “ Merchant, Tom Stoppard’s, Sara Krulwich, Ansky’s, Stella Adler, Bessie Berger, Clifford Odets’s, Arthur Miller, Elia Kazan, Francis Joseph Bruguière, Billy Rose, Eugene Smith, Roth, Arthur Schnitzler, Juliet Stevenson, Ruth Wolff, Lorraine Hansberry’s, Sidney’s, Alex Edelman’s “, Leo Frank, Bernard B, Frank, Mandy Patinkin, James Lapine, Stephen Sondheim’s, George, Martha Swope, outspokenness, creatives, Oscar Isaac, Sidney, “ Sidney Brustein, Isaac, Stevenson, Robert Icke, Roman Catholic Cooper, Rachel Brosnahan, Maisel, Joan Rivers —, Brosnahan, Sidney Brustein’s, Alec Guinness, Fagin, “ Oliver Twist, I’m, Micaela Diamond, Ben Platt, Lucille, Alfred Uhry, Jason Robert Brown’s, Rivers, Wolff, Robert, Republic ”, isn’t, LEE Strasberg, Konstantin Stanislavsky’s, Fyodor Ivanovich, Strasberg, Israel Strassberg, Zalmon, Srulke, Joseph Stein, Sheldon Harnick, Jerry Bock’s “, Bette Midler, Jackie Hoffman, Photofest Stanislavsky, Theater’s, Isaac Butler, Stanislavsky, Harold Clurman, George Bernard Shaw, Henrik Ibsen, Clurman, Adler, Jacob Adler, Freud, Rebecca Naomi Jones, Ruthie Rivkin, Jerome Weidman, Harold Rome’s “, John Weidman, disown Strasberg, Sanford Meisner, Bobby Lewis, né, Marlon Brando, James Dean, Meisner, Robert Duvall, Lewis, Meryl Streep, Clifford Odets, Jacob Garfinkle, Jules Garfield, Odets, Sam Feinschreiber, Garfield, Ralph Berger, wasn’t, John, Tovah Feldshuh, Golda Meir, William Gibson’s, Aaron Epstein, exigencies, Bessie, Feinschreiber —, loveless, William Fox, Louis B, Mayer, Jack Warner, Marjorie Morningstar ”, Morgenstern, Marjorie, Natalie Wood, Anne Frank ”, Millie Perkins, Audrey Hepburn, Susan Strasberg —, Ibsen, Sholom Aleichem, August Wilson, Daveed Diggs, Thomas Jefferson, Lin, Manuel Miranda’s “ Hamilton ”, Adrian Lester, Emanuel Lehman —, Barbra Streisand, Marmelstein, George Silk, Miller’s, Sophie Okonedo, Elizabeth Proctor, Ben Whishaw, John Proctor, Jan Versweyveld, Don’t, — Bernstein, Stoppard, Schnitzler, Jeanine Tesori, Tony Kushner’s “ Caroline, Sharon D Clarke, Adam Makké, Noah Gellman, Leo, Stoppard —, Hermine, ” Leo Frank, there’s, Matthew Broderick, Eugene Jerome, it’s, Edelman’s, Queens bigots, David Yosef Shimon ben Elazar Reuven Alexander Halevi Edelman, Woody Allen, Joshua Harmon’s, — George Gershwin, Jerome Kern, Richard Rodgers, Porgy, Bess ”, Barns, Alex Edelman, Paula Vogel, Harvey Fierstein, Jordan Taylor Fuller, — that’s, Wendell Pierce, Friedman, Jacobs, Hirschfeld, Gershwin, Rodgers, PAULA VOGEL, BRANDON URANOWITZ, DAVID CROMER, MICAELA DIAMOND, TONY KUSHNER, Diamond, Monica Rich Kosann, Marco Bicego, JESSE EISENBERG, MATTHEW BRODERICK, AMY HERZOG, LESLIE RODRIGUEZ KRITZER, JOEL GREY, Herzog, Michael Kors, Kritzer, Marco, HARVEY FIERSTEIN, LIEV SCHREIBER, ETHAN SLATER, IDINA MENZEL, TINA LANDAU Organizations: Broadway, Broadway’s Lyceum, “, of Venice, New York Times, Defamation League, New York Public Library, Performing, Vandamm, Billy, Billy Rose Theatre Division, Performing Arts, New, Jacobs, Empire State, Nazi, Goyim Defense, The New York Public Library, Roman Catholic, New York City, Street, Moscow Art, Group, Hollywood, Disney, Everett, The New York Times, Philadelphia, Brit, Times Locations: Poland, American, kilts, E.Y, Harburg, Kilkerry, Kildare, Philadelphia, New York, Polish, Massachusetts, Vichy, Biloxi, Venice, Malta, of, ”, Germany, playgoers, Sweden, England, United States, Pittsburgh, Nazi, Brustein’s, Greenwich, Georgia, Gutenberg, “, Atlanta, Republic, New, Konstantin Stanislavsky’s Moscow, Russian, America, Moscow, Stanislavsky’s, Clurman, Eastern Europe, Czech, Austrian, Auschwitz, Heini, Southern, Brighton, Rivers, French Republic, “ Brigadoon

☆ The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start
▼ + stars: | 2023-11-28 | by ( Lingling Wei | Liza Lin | ) www.wsj.com time to read: 1 min

China’s President Xi Jinping met with the heads of American businesses in San Francisco earlier this month. Photo: Jeff Chiu/Associated PressBroadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping ’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For months, Chinese regulators wouldn’t clear the U.S. chipmaker’s bid to buy enterprise software developer VMware, leading Broadcom to put off its date for completion of the deal—first announced in May 2022—three times. Intel’s planned acquisition of Israeli firm Tower Semiconductor , for more than $5 billion, was scuttled in August after Chinese regulators failed to approve it.

Persons: Xi Jinping, Jeff Chiu, Hock Tan, Jinping, Tan, — Organizations: Associated Press Broadcom, VMware, Broadcom, Tower Semiconductor Locations: San Francisco, China, Beijing

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

☆ Elon Musk will meet with Israel’s president amid criticism over antisemitic post
▼ + stars: | 2023-11-27 | by ( Michelle Toh | Alex | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Elon Musk is expected to meet with Israeli President Isaac Herzog on Monday as he continues to battle a firestorm over his public endorsement of an antisemitic conspiracy theory on his social media platform, X. Even before the latest tumult, X had faced criticism for the prevalence of antisemitic discourse on its platform. In September, Musk threatened to sue the ADL for defamation, claiming that the group’s reports have hurt advertising sales on X. X has hit back against similar claims from progressive media watchdog Media Matters, which in an analysis earlier this month also highlighted antisemitic and pro-Nazi content on X. In an interview with CNN’s Wolf Blitzer on Sunday, Herzog spoke of the bittersweet moment seeing freed hostages reunited with their families.

Persons: Hong Kong CNN — Elon Musk, Isaac Herzog, Herzog, ” Musk, Tesla, Whites, ”, Musk, “, —, X, CNN’s Wolf Blitzer, ” Herzog, Blitzer Organizations: Hong Kong CNN, Monday, SpaceX, White, Twitter, Defamation League, Disney, IBM, Fox Sports, European Commission, Center, Media Locations: Hong Kong, Israel

☆ Nissan leads $2.5 billion investment to build two more EVs in UK
▼ + stars: | 2023-11-24 | by ( ) edition.cnn.com time to read: +3 min

London — Nissan will pump 1.12 billion pounds ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country’s auto industry and a UK prime minister desperate to attract foreign investment. In 2021, the company announced a $1.4 billion investment to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Its 2021 battery investment was a show of confidence when other foreign investors were avoiding the UK after Brexit led to years of uncertainty around the country’s trading relationships. The Nissan deal comes just months after India’s Tata Motors said it would invest £4 billion ($5 billion) in a UK electric vehicle battery plant to supply its Jaguar Land Rover factories. The automaker’s latest UK investment comes despite Sunak’s decision in September to delay by five years a ban on sales of new petrol cars.

Persons: Rishi, ” Sunak, ” Nissan’s, Alan Johnson, ”, Makoto Uchida, Brexit, Sunak, India’s Tata Organizations: London, Nissan, Investment, BBC, India’s, India’s Tata Motors, Rover, Industry, Tata Locations: Sunderland, England, Britain, Europe

☆ Elon Musk’s Social-Media Comments Spark Tesla Investor Backlash
▼ + stars: | 2023-11-22 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Elon Musk has said he isn’t antisemitic and criticized media coverage of his actions. Photo: tolga akmen/pool/ShutterstockThe controversy over Elon Musk’s comments on the social-media platform X reached the board of Tesla this week. Several prominent Tesla investors are speaking out after Musk, the car maker’s chief executive, last week called an antisemitic post “the actual truth.”

Persons: Elon Musk, tolga, Elon Musk’s, ”

☆ Sam Altman returns to OpenAI in a bizarre reversal of fortunes
▼ + stars: | 2023-11-22 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +5 min

In its announcement of Altman’s firing, OpenAI claimed that Altman had been insufficiently “candid” with the board. But then hundreds of OpenAI employees, nearly the company’s entire staff, threatened to leave, potentially for Microsoft, if the company’s board didn’t resign and reinstate Altman as CEO. It’s unclear how Shear will be affected by Altman’s return. “We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadella said on X. Publicly, Altman has long cautioned about risks posed by AI, and he has pledged to lawmakers and customers that he would move OpenAI forward responsibly.

Persons: Sam Altman, Bret Taylor, Adam D’Angelo, Larry Summers, “, Altman, Steve Jobs, OpenAI, Kara Swisher, Nadella, Greg Brockman, Altman’s, —, Emmett Shear, didn’t, Shear, …, ” Brockman, Satya Nadella, Jony, CNN’s Juliana Liu, Diksha Madhok Organizations: New, New York CNN, Twitter, Microsoft, CNN, Twitch Locations: New York, OpenAI, Silicon

☆ Tesla launched its own car insurance. These drivers say it's a lemon.
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +20 min

Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.

Persons: Mark Bova, lurched, “ I’m, ” Bova, policyholders “, Elon Musk, Musk, Bova, he’s, Tesla, ”, Musk’s, Virginia –, Phil Fioresi, Tesla’s adjusters, adjusters, ” Zachary Kirkhorn, ” Kirkhorn, Teslas, InsureMyTesla, it’s, It’s, Chanda Santiago, ” Santiago, Lester F, Aponte, haven't, Understaffed, “, —, Policyholders, Jonathan Garcia, Garcia, adjuster, Scott Sawyer, Sawyer, Lauren Lee Sawyer, ” Sawyer, –, Steve Stecklow, Koh Gui Qing, Norihiko, Mike Scarcella, John Emerson, Brian Thevenot Organizations: Green, U.S . Army Special Forces, Tesla Insurance, Tesla, Reuters, Bureau, Twitter, U.S, SpaceX, Ohio Department of Insurance, California Department of Insurance, Data, AAA, The Auto Club Group, Liberty Mutual Insurance Co, Liberty Mutual, Markel, National Insurance Company, State National, State, Facebook, Better, policyholders, Better Business Bureau Locations: Maryland, That’s, California , Utah , Illinois, Virginia, South San Francisco , California, California, Draper , Utah, Texas, policyholders, InsureMyTesla, U.S, Illinois, Colorado, Ohio, Florida , Georgia, Washington, Santiago, Los Angeles, Draper, North Carolina, Riverside , California

☆ AI Mania Powered Stocks This Year. Can Nvidia Spark More Gains?
▼ + stars: | 2023-11-20 | by ( Charley Grant | Gunjan Banerji | ) www.wsj.com time to read: 1 min

There is a lot riding on the earnings report this week from Nvidia , both for the company’s ebullient investors and the entire stock market. Nvidia has been the big winner of the bet that artificial intelligence is the next big thing in tech, the so-called AI trade that surged in popularity after OpenAI’s release of its ChatGPT app. The chip maker’s shares have more than tripled this year, contributing to a sizable portion of the S&P 500’s 18% rise.

Organizations: Nvidia

☆ Stock Market Today: Stock Futures Edge Up to Start the Week
▼ + stars: | 2023-11-20 | by ( ) www.wsj.com time to read: 1 min

Microsoft stock jumped premarket after the software giant said Sam Altman would join to lead a new advanced artificial-intelligence research team. The OpenAI board fired Altman as chief executive last Friday and named a former chief executive of Twitch as interim CEO. The chip maker’s stock rose premarket. U.S. stock futures inched up. Treasury yields inched higher.

Persons: Sam Altman, Altman, Twitch Organizations: Microsoft, Nvidia, greenback, Treasury Locations: Europe, Asia

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