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☆ Bankman-Fried circus will be a singular clown show
▼ + stars: | 2023-10-04 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 4 (Reuters Breakingviews) - All eyes are on Sam Bankman-Fried as the cryptocurrency founder’s criminal trial gets underway this week. The high-profile case bears similarities to past scandals such as Enron and Countrywide Financial, when regulation followed investigations. Lawmakers hauled Wall Street analysts up to Capitol Hill to grill them about their “buy” ratings. Importantly, legislators passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, forcing banks to hold more capital, among other stipulations. It also is less prevalent – less than 20% of Americans have invested in crypto, according to the Pew Research Center.

Persons: Sam Bankman, FTX’s, Ken Lay, Arthur Andersen, Dodd, Frank Wall, Tom Brady, Bill Clinton, Fried, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Enron, Countrywide Financial, Countrywide, Bank of America, Lawmakers, Sarbanes, Oxley, Frank Wall Street Reform, Consumer, The Securities, Exchange Commission, Pew Research Center, Louis Federal Reserve, Southern, Thomson Locations: Manhattan, New

☆ Novo Nordisk owner readies for big Wegovy windfall
▼ + stars: | 2023-10-03 | by ( Maggie Fick | ) www.reuters.com time to read: +4 min

COPENHAGEN, Oct 3 (Reuters) - The CEO of Novo Holdings said on Tuesday the controlling shareholder of Danish drugmaker Novo Nordisk (NOVOb.CO) is ready for a huge windfall from the runaway success of weight-loss drug Wegovy. Novo Holdings invests and manages the wealth and assets of the Novo Nordisk Foundation, whose newly bulging coffers could make it a major philanthropist and environmental, social and governance (ESG) investor. He was speaking to a group of journalists in Copenhagen, where the investment company, its owner Novo Nordisk Foundation, and the drugmaker Novo Nordisk are all headquartered. [1/4]Novo Holdings A/S CEO Kasim Kutay speaks at Novo Nordisk Foundation in Hellerup, Denmark, October 3, 2023. Novo Holdings' early-stage investments team now has $200 million to deploy each year, Soren Moller, who heads the seed division, told Reuters.

Persons: Kasim Kutay, Wegovy, Kutay, I've, Morgan Stanley, Ali Withers, Peter Lawaetz Andersen, Andersen, Soren Moller, Maggie Fick, Josephine Mason, Louise Heavens, Catherine Evans Organizations: Novo Holdings, Novo Nordisk, Novo Nordisk Foundation, The Foundation, Holdings, Moelis, REUTERS, Foundation, Norway's Coalition, Reuters, Thomson Locations: COPENHAGEN, Danish, Copenhagen, Novo, United States, Hellerup, Denmark, Shanghai, China, Singapore, Boston, San Francisco

☆ Manchester United and City suffer losses on day of surprises in the Premier League
▼ + stars: | 2023-09-30 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Manchester United’s terrible start to the season continued Saturday as Erik ten Hag’s team fell to a 1-0 home defeat to Crystal Palace in the English Premier League. The defeat to London-based Palace was United’s second successive home defeat and fourth in seven league games, leaving Ten Hag’s team 10th in the league on nine points. It is United’s worst start to a Premier League season after seven games – and the club’s worst in the top-flight since the 1989-90 season, according to Reuters. City had won every league game this season and was expected to beat a Wolves team which had won just once in the league. But Pep Guardiola not only suffered a first league loss of the campaign but the second of the week, following the League Cup defeat to Newcastle on Wednesday.

Persons: Erik, Joachim Andersen’s, Michael Regan, Pep Guardiola, “, ”, Guardiola, Rúben Dias, Julian Álvarez’s, Hwang Hee, chan Organizations: CNN, Manchester, Crystal, English Premier League, Manchester City, Wolverhampton Wanderers, Premier League, Reuters, League, United, Wolves, Newcastle, Molineux Locations: London, Old Trafford, Manchester

☆ Champions City shocked by Wolves, Manchester United lose again
▼ + stars: | 2023-09-30 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

MANCHESTER, England, Sept 30 (Reuters) - Champions Manchester City slipped to a shock first Premier League defeat of the season at Wolverhampton Wanderers on Saturday, while Manchester United's campaign of woe continued with a loss to Crystal Palace. United slumped to their fourth loss of the Premier League season as an early Joachim Andersen strike gave Palace a 1-0 win at Old Trafford. With nine points and a minus four goal difference, this is 10th-placed Manchester United's worst-ever start to a Premier League season after seven games. CITY COME UNSTUCKUnited's rivals City had been having no such bad luck this term and made the trip to Wolverhampton having won all six of their opening league games. Newcastle United also continued their winning streak with a 2-0 victory over Burnley, while West Ham United beat Sheffield United 2-0 at London Stadium.

Persons: Joachim Andersen, Andersen, Sam Johnstone, Erik ten Hag, Ruben Dias, Pedro Neto's, Julian Alvarez, Jose Sa, Hwang Hee, Cunha, Pep Guardiola, Kai Havertz, Martin Odegaard, Ben White, Mikel Arteta's Arsenal, Andoni Iraola's, Thomas Kaminski, Luton's, Villa, Ollie Watkins, Peter Hall, Clare Fallon Organizations: Manchester City, Premier League, Wolverhampton Wanderers, Crystal, Arsenal, Bournemouth, Luton Town, Everton, Old, Brighton & Hove Albion, Manchester, CITY, City, Wolverhampton, Wolves, Newcastle United, League, London, Luton, Aston Villa, City . Newcastle United, Burnley, West Ham United, Sheffield United, Tottenham, Liverpool, Thomson Locations: MANCHESTER, England, Manchester, Old Trafford, Saturday's

☆ Germany hits back at Elon Musk after he wades in on migrant debate
▼ + stars: | 2023-09-30 | by ( Sophie Tanno | ) edition.cnn.com time to read: +3 min

CNN —Germany has hit back at Elon Musk after the billionaire businessman waded into the country’s debate on migration. Musk reshared a post on the platform X, formerly Twitter, that criticized German NGO operations in the Mediterranean for “unloading illegal immigrants” in Italy. The post also called for a victory for the far-right Alternative for Germany (AfD) party in the next elections. “There are currently 8 German NGO ships in the Mediterranean Sea collecting illegal immigrants to be unloaded in Italy. Odd Andersen/AFP/Getty ImagesMusk’s comments come with Berlin locked in a spat with Italy over NGO sea operations.

Persons: Elon Musk, waded, Musk, “, ” Musk, Odd Andersen, Giorgia Meloni, Meloni, Olaf Scholz, ”, ” Meloni Organizations: CNN, Elon, Radio Genoa ”, Foreign, Immigration Authority, Getty, Italian, ”, European Union Locations: Germany, Italy, Eisenhuttenstadt, Berlin, France, Spain, Portugal, Greece, Cyprus, Malta, Croatia, Slovenia, Valletta

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 244.46 points, or 1.2%, at 19,556.15, its lowest closing level since June 23. "Gold is back in the danger zone as Treasury yields rise alongside a stronger (U.S.) dollar," Edward Moya, a senior market analyst at OANDA, said in a note. Energy was a bright spot, rising 0.8%, as the price of oil settled 0.8% higher at $90.39 a barrel. Shares of Westshore Terminals Investment Corp (WTE.TO) ended 10% lower as RBC cut its price target on the stock.

Persons: Chris Helgren, Peter Anderson, Edward Moya, Industrials, Fergal Smith, Khushi Singh, Tasim Zahid, Marguerita Choy Organizations: Toronto Stock Exchange, REUTERS, Energy, Toronto Stock, Andersen Capital Management, Investment Corp, RBC, Thomson Locations: Toronto , Ontario, Canada, Toronto, Bengaluru

☆ Andersen Capital CIO: The market will rally in Q4
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAndersen Capital CIO: The market will rally in Q4Peter Andersen, chief investment officer at Andersen Capital Management, joins 'Power Lunch' to discuss September losses in the market, the impact of rate hikes and inflation, and more.

Persons: Peter Andersen Organizations: Andersen, Andersen Capital Management

☆ The US Air Force is using satellites and dirt runways to prepare its drones for a different kind of war
▼ + stars: | 2023-09-25 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

The war in Ukraine has highlighted how hard air operations are in a large conventional conflict. The US Air Force is already training to keep its drones flying by spreading out and using new tech. In response to that challenge, the Air Force is training to disperse its forces and make targeting harder for enemies. For the US Air Force, fighter pilots have long been that dominant influence. Of 22 Air Force chiefs of staff, the service's highest-ranking uniformed officer, 17 have come from the fighter/attack communities.

Persons: —, Phil Speck, Doniell, Antonio Salfran, Christa Anderson, Stavros Atlamazoglou Organizations: US Air Force, Service, US Air National Guard, Air Force, Cannon Air Force Base, Holloman Air Force Base, Combat Employment, Andersen Air Force Base, Pentagon, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Ukraine, China, Russia, Wyoming, New Mexico, Europe, Guam, East, Africa

☆ Erik Aschengreen, 88, Dies; Historian and Critic Illuminated Danish Dance
▼ + stars: | 2023-09-15 | by ( Alastair Macaulay | More About Alastair Macaulay | ) www.nytimes.com time to read: +2 min

The 1979, 1992, and 2005 festivals of Bournonville’s ballets flooded the Royal Danish Theater in Copenhagen with dance authorities from many countries. Mr. Aschengreen did much to welcome, entertain and enlighten them as a spokesman at many presentations by the Danish company. From 1964 to 2005 Mr. Aschengreen was the dance critic for the Copenhagen-based Berlingske Tidende (now known simply as Berlingske), one of the world’s oldest newspapers still in print. He also taught ballet history at the Royal Danish Ballet School from 1971 to 1993 and dance history at the Danish School of Contemporary Dance from its founding in 1990. He traveled extensively to see international dance and to investigate dance education.

Persons: Erik Bruhn, Peter Martins, Ib Andersen, Nikolaj Hübbe, August Bournonville, Aschengreen, ”, Alexei Ratmansky, Marina Harss, Ratmansky Organizations: Royal Danish Ballet, Royal Danish Theater, New York City Ballet, Berlingske Tidende, University of Copenhagen, Royal Danish Ballet School, Danish School of Contemporary Locations: Danish, America, Denmark, United States, Copenhagen, Ukrainian American

☆ Instant View: US retail sales, produces prices rise; jobless claims lower than forecast
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +5 min

U.S. retail sales also climbed 0.6% last month, against estimates of a 0.2% rise, while initial jobless claims for the latest week fell to 220.000. "We've been waiting to see exactly which of these inflation data trends would kind of knock the market off its axis. "It's likely that while the Federal Reserve won't love the August inflation data, it also is soft enough that they likely won't react to it either. ROBERT PAVLIK, SENIOR PORTFOLIO MANAGER, DAKOTA WEALTH, CONNECTICUT"Most of the rise in prices is coming from energy. "I still believe we have seen the last of the rate hikes, but there is a possibility small that November still has the potential to bring another rate hike.

Persons: Robert Graham, King, King of Prussia, Mark Makela, SAMEER SAMANA, WELLS, We've, haven't, GREG BASSUK, PETER ANDERSEN, ANDERSEN, ROBERT PAVLIK, BRIAN JACOBSEN, MENOMONEE Organizations: REUTERS, Federal Reserve, Reuters, CHARLOTTE, Federal, Global Finance, Markets, Thomson Locations: Prussia, United States, King, King of Prussia , Pennsylvania, U.S, WELLS FARGO, NORTH CAROLINA, BOSTON, DAKOTA, CONNECTICUT, WISCONSIN

[1/5] A view shows a sign for a heavy haulage convoy during transport of a nacelle of a wind turbine near a wind farm, in Biegen, Germany August 31, 2023. REUTERS/Lisi Niesner Acquire Licensing RightsBERLIN, Sept 7 (Reuters) - Germany's wind power expansion is facing an unexpected roadblock: builders need permits to transport the heavy turbines down the country's roads, and they are waiting months to get them. "Assuming nothing changes, it could cost 115 million euros extra by the end of the year," Felix Rehwald, a spokesperson for wind turbine manufacturer Enercon, told Reuters. Transport permits are needed to drive heavy loads over bridges and highways. The cost of applications had jumped to more than 1,000 euros per permit in 2021 from 100 euros, Nordex said.

Persons: Lisi Niesner, Felix Rehwald, Rehwald, Nordex, Kai Westphal, VDMA, Sebastian Steul, Steul, Morten Arnskov Boejesen, Soren Andersen, " Westphal, Johannes Gotfredsen, Toby Sterling, Riham, Thomas Escritt, Alexandra Hudson Organizations: REUTERS, Rights, Reuters, Transport, GmbH, Wednesday, of, of Danish Industry, Danish, Directorate, Alexandra Hudson Our, Thomson Locations: Biegen, Germany, Netherlands, Denmark, of Danish, Copenhagen, Amsterdam

☆ West Ham win spoils Luton's first top-flight home game in 31 years
▼ + stars: | 2023-09-01 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

LUTON, England, Sept 1 (Reuters) - Pacesetters West Ham United claimed a 2-1 Premier League victory at Luton Town thanks to headers by Jarrod Bowen and Kurt Zouma on Friday to spoil the hosts' much-anticipated first top-flight game at their snug Kenilworth Road stadium in 31 years. I don't score many headers," said Bowen, the first West Ham player since 1930 to score in their first three away games. "We showed the character to deal with the atmosphere," West Ham manager David Moyes told the BBC. "Good against a tough team who are going to put teams under a lot of pressure. New signing Ross Barkley launched a left-foot effort moments later that sailed just wide of the West Ham goal.

Persons: Jarrod Bowen, Kurt Zouma, Mads Andersen, Alphonse Areola, Rob Edwards, It's, Bowen, Lucas Paqueta, Thomas Kaminski, West, James Ward, Prowse, Zouma, James, Luton, Edwards, KENNY, Kenny, David Moyes, I've, Ryan Giles, Ross Barkley, Alfie Doughty, Lori Ewing, Ken Ferris Organizations: Ham United, League, Luton Town, Luton, Hatters, Sky Sports, Ward, BBC, West, Thomson Locations: LUTON, England, Kenilworth, West Ham, Ham

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. The S&P 500 communication services (.SPLRCL) and technology (.SPLRCT) sectors led gains among the 11 major S&P sub-indexes, rising 1.2% and 0.8% respectively. Horizon's shares rose 5.8%. Advancing issues outnumbered decliners for a 5.47-to-1 ratio on the NYSE and a 2.95-to-1 ratio on the Nasdaq. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Stocks, Jerome Powell, Peter Andersen, Gina Raimondo, Wang Wentao, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Microsoft, Andersen Capital Management, Traders, U.S, PDD Holdings, Baidu, U.S . Commerce, Intel, Micron, Chinese Commerce, Intel's, Dow Jones, Xpeng, U.S . Federal Trade Commission, Horizon Therapeutics, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

☆ Peter Andersen says he's not making any changes to his portfolio
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeter Andersen says he's not making any changes to his portfolioPeter Andersen, chief investment officer at Andersen Capital Management, joins 'Power Lunch' to discuss the semi-sector, his portfolio moves, and AI.

Persons: Peter Andersen, he's Organizations: Andersen Capital Management

☆ Andersen goal helps Palace snatch 1-1 draw at Brentford
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

LONDON, Aug 26 (Reuters) - Crystal Palace's Joachim Andersen cancelled out Kevin Schade's first-half opener for Brentford in a 1-1 Premier League draw at a rain-soaked Community Stadium on Saturday. Schade opened the scoring for the hosts in the 18th with a fine solo effort, cutting in from the left wing and weaving past two Palace defenders to fire a curling shot into the far corner for his first goal in a Brentford shirt. Palace looked much sharper in the second half and created a flurry of chances, with Brentford goalkeeper Mark Flekken keeping out Odsonne Edouard's free kick before denying Jefferson Lerma and Jordan Ayew minutes later with a double save. The pressure finally paid off for Palace in the 77th minute as Andersen scored following a one-two with Ayew, sliding in to poke a shot under the onrushing Flekken and snatch a share of the spoils as the Brentford players looked on in despair. Reporting by Aadi Nair in Bengaluru, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Palace's Joachim Andersen, Kevin Schade's, Schade, Mark Flekken, Jefferson Lerma, Jordan Ayew, Andersen, Aadi Nair, Pritha Sarkar Organizations: Brentford, League, Thomson Locations: Bengaluru

☆ Fernandes inspires United comeback win, Arsenal held, West Ham go top
▼ + stars: | 2023-08-26 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Erik ten Hag's Manchester United began abysmally against Forest and conceded twice inside the opening five minutes to Steve Cooper's enterprising outfit. United got the quick response they needed however with Marcus Rashford's cut back being touched in by Cristian Eriksen. Dejan Kulusevski sealed the points in the second half for new manager Ange Postecoglou's side. First half I thought we were really good," Australian Postecoglou, who has quickly changed the mood at Spurs, told reporters. Champions Manchester City, who are fifth on six points, visit promoted Sheffield United on Sunday when Newcastle United, on three points, host Liverpool who have four.

Persons: Manchester United's Bruno Fernandes, James Ward, Prowse, Jarrod Bowen, Michail Antonio, West Ham, Erik, Steve Cooper's, Fernandes, Forest, Andre Onana, Willy Boly, United, Marcus Rashford's, Cristian Eriksen, Casemiro, Joe Worrall, Danilo, Rashford, Andreas Pereira, Bukayo Saka, Aaron Ramsdale, Eddie Nketiah, Calvin Bassey cynically, Marco Silva's, Arsenal's, James Maddison, Dejan Kulusevski, Ange Postecoglou's, we've, We've, Sasa Kalajdzic, Crystal Palace's Joachim Andersen, Kevin Schade's, Martyn Herman, Ken Ferris Organizations: Manchester United, Forest, Arsenal, Fulham Flying West Ham, Manchester, Nottingham Forest, Fulham, Premier League, . West Ham United, Brighton & Hove Albion, Tottenham Hotspur, Bournemouth, Hammers, Seagulls, United, Bukayo, Spurs, Everton, Wolverhampton Wanderers, Wolves, Brentford, Manchester City, Sheffield United, Sunday, Newcastle United, Liverpool, Thomson Locations: Brighton, ., West, Portuguese, Forest's, London

☆ The US Air Force is tinkering with an unusual design for its biggest planes as it prepares for a potential long-range war with China
▼ + stars: | 2023-08-20 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US Air Force sees all those qualities as vital for success in a war in the Pacific region. US Air Force/Air Force AssociationThe design blends the wings and the fuselage, "decreasing aerodynamic drag by at least 30% and providing additional lift," the Air Force said in a release. A US Air Force flight engineer guides an R-11 Refueler next to a C-5M cargo plane at Dover Air Force Base in Delaware in March. A C-130 Hercules lands at Northwest Field, next to Andersen Air Force Base on Guam in February 2010. JetZero has already unveiled a Blended Wing design that the company says will provide a midmarket commercial airliner that's more efficient than the planes it seeks to replace.

Persons: Frank Kendall, Kendall, Air and Space Forces Association . Chaudhary, O'Leary, Tom O'Leary, JetZero, Marco Gomez, Ravi Chaudhary, we've, Tom Jones, Albert Miller, Andrew G, Miller, Jones, Chaudhary, Kathleen Hicks Organizations: Pentagon, US Air Force, Service, Air Force, Air and Space Forces Association ., Air Force Association, The Air Force, Dover Air Force Base, Staff, Northrop Grumman, China's, Air Mobility Command, Northwest Field, Andersen Air Force Base, Refueling, KC, Air Force's, Department Locations: Pacific, Wall, Silicon, China, Delaware, Guam

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. 1. pellicle — a thin skin or film:Chestnuts, a holiday favorite, don’t make it easy for us to cook them at home. The pellicle, its sticky inner skin, clings to the nut and can give it a bitter taste. This is achieved less by rethinking motivations than by burrowing into the language, far richer than I imagined. — The Best Coffee Break Is an Affogato (Aug. 11, 2021)The list of the week’s easiest words:

Persons: pellicle, chyme, Jimmy, yecch, ’, Brunie, McDermott, ‘, ”, Forest Simmons, Michael Starbird, Su, dotard, Seana McKenna, Ben Carlson, cortado, Maillard, enby, Taylor Mason, Asia Kate Dillon, —, clayey, bombe Organizations: Charter, Education, Andersen, Russian Locations: New York, Ontario, Copenhagen, Morningside Heights, Manhattan

☆ Andersen: There's a growth sensitivity beginning to emerge with the Fed
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAndersen: There's a growth sensitivity beginning to emerge with the FedMark Andersen, Co-Head of Asset Allocation at UBS Global Wealth Management, discusses how he's investing in the markets.

Persons: Fed Mark Andersen Organizations: Andersen, Fed, UBS Global Wealth Management

☆ B-2 stealth bombers are in Iceland on their first deployment since a fiery mishap grounded the whole fleet
▼ + stars: | 2023-08-16 | by ( David Cenciotti | The Aviationist | ) www.businessinsider.com time to read: +5 min

US Air Force B-2 stealth bombers have returned to Keflavik in Iceland for the first time since 2021. It's the first deployment since B-2 bombers resumed flying after a five-month safety stand down. The deployment is the first one since the stealth bomber fleet returned to normal operations on May 22, 2023, after a five-month safety stand down following the incident in December last year. Two pilots approach a B-2 during Bomber Task Force 24-4 in Keflavik on August 15. A crew chief prepares to marshal a B-2 during Bomber Task Force 24-4 in Keflavik on August 15.

Persons: Heather Salazar, James Hecker, Andrew Kousgaard, Col Kousgaard, Diego Garcia, Northrop Grumman Organizations: US Air Force, Keflavik, Service, 509th Bomb, Whiteman Air Force Base, Whiteman, Alliance ., Bomber, Tech, RAF Fairford, Force, Naval Air Station Keflavik, US Air Forces, US Air Forces Africa, NATO Allied Command, 393rd Bomb Squadron, Whiteman AFB, Libya Air, Allied Force, ISIS, Lajes, Andersen Air Force Base, Raider, US Air Force's, Northrop Locations: Iceland, Wall, Silicon, Missouri, Keflavik, Mississippi, Europe, U.S, Korean, Libya, Serbia, Fairford, Azores, Portugal, Guam, Ocean Territory

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. The Commerce Department's report showed retail sales grew 0.7% last month against expectations of a 0.4% rise, suggesting the U.S. economy remains strong. "The retail sales number might indicate that the Fed would continue to raise rates." Home Depot (HD.N) added 1% after the home improvement chain posted a smaller-than-expected drop in quarterly same-store sales and topped profit estimates. Declining issues outnumbered advancers by a 5.29-to-1 ratio on the NYSE and a 2.90-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Wells, Fitch, jitters, Peter Andersen, JPMorgan Chase, Zions, Wells Fargo, Bilibili, Berkshire Hathaway, Warren Buffett's, Horton, Amruta Khandekar, Shristi, Shashwat Chauhan, Maju Samuel, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Nvidia, UBS, Wells Fargo, PT U.S, Dow, Nasdaq, U.S, Commerce, Andersen Capital Management, Fed, Federal Reserve, JPMorgan, Bank of America, PacWest Bancorp, Western Alliance Bank, Federal Deposit Insurance, Treasury, Alibaba, Dow Jones, General Motors, Berkshire, Warren, Lennar Corp, NYSE, Thomson Locations: New York City, U.S, Boston, China, Beijing, Warren Buffett's Berkshire, homebuilder D.R

☆ Ad verification company DoubleVerify to acquire AI firm Scibids in $125 million deal
▼ + stars: | 2023-07-31 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Ad verification company DoubleVerify plans to acquire adtech firm Scibids for around $125 million. It intends to use Scibids' AI expertise to help advertisers better target and optimize ad campaigns. DoubleVerify, the publicly-listed ad verification company, has entered into an agreement to acquire AI-powered adtech firm Scibids in a cash and stock deal valued at $125 million. The product matches DoubleVerify's media quality and ad performance data with Scibids' AI algorithms to let advertisers improve the performance of their campaigns. Around $66 million of the Scibids purchase price will be paid in cash with the remainder in DoubleVerify common stock.

Persons: DoubleVerify, Mark Zagorski, Zagorski, Scibids, Brian Andersen, Dick Filippini, Mark Greenbaum Organizations: Diageo, Dell, Fortune, Microsoft, Allianz, Spotify, LUMA Partners Locations: Paris, France, DoubleVerify, adtech

☆ Andersen Capital CIO: Hesitant to see if soft-landing will actually happen
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAndersen Capital CIO: Hesitant to see if soft-landing will actually happenPeter Andersen, chief investment officer at Andersen Capital Management, joins 'Power Lunch' to discuss why Anderson's raising cash, the likelihood of a recession, and more.

Persons: Peter Andersen Organizations: Andersen, CIO, Andersen Capital Management

☆ Officials found suspected Chinese malware hidden in various US military systems. Its intended use is disruption rather than surveillance, a 'disturbing' change in intent, experts say.
▼ + stars: | 2023-07-31 | by ( Sebastian Cahill | Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Suspected Chinese malware has been identified in several US military systems. US officials told the Times that investigations into Chinese malware had been underway for several months and that the malicious code had infiltrated US military systems across the country and abroad. Previous cyberattacks typically aimed to surveil US operations, experts told the Times. "China is steadfast and determined to penetrate our governments, our companies, our critical infrastructure," the deputy director of the National Security Agency, George Barnes, said at the Intelligence and National Security Summit earlier this month. Now, experts say this new wave of malicious code has the ability to disrupt US military and civilian operations.

Persons: George Barnes, Rob Joyce, cybersecurity, Antony Blinken, Adam Hodge, Biden Organizations: Service, The New York Times, Microsoft, Andersen Air Force Base, Times, National Security Agency, Intelligence and National Security, NSA, CNN, State Department, House, National Security Locations: China, Wall, Silicon, The, Guam, United States

☆ The Ongoing Mystery of Covid’s Origin
▼ + stars: | 2023-07-25 | by ( David Quammen | ) www.nytimes.com time to read: +5 min

But as the researchers describe it, these apparent contradictions were simply a reflection of their fast-evolving views. It showed that such an RBD had evolved in the wild and might well have gotten into SARS-CoV-2 by recombination, the natural gene-swapping process. The genome was 96.2 percent identical to the SARS-CoV-2 genome as sampled from people during the early days of the pandemic. RaTG13 has attained renown, not just because it constituted strong evidence of SARS-CoV-2’s ancestry in bat viruses but also because the Mojiang mine figures in some of the more lurid scenarios for a lab-leak origin. The inference is that Shi’s team, a year after the mine workers died, may have taken the virus back to Wuhan.

Persons: Andersen, ”, Slack, Matt Wong, ” Andersen, Zhengli Shi, Shi, RaTG13 Organizations: Twitter, Nature, Wuhan Institute of Virology Locations: Houston, Yunnan Province, Wuhan, Tongguan, Mojiang, Yunnan

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