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☆ Shares of this audio pioneer should rebound more than 50%, Rosenblatt predicts
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Sonos is set to rebound roughly 50% as it returns to growth, Rosenblatt Securities says. Analyst Steve Frankel initiated coverage of the audio company with a buy rating and a $20 price target, saying he's expecting demand to pick back up for Sonos audio products. SONO 1D mountain Sonos shares 1-day Sonos shares have sold off this year, plunging 20% while the S & P 500 has rallied 16% during the same period. Regardless, the analyst's $20 price target implies shares will surge 54% from Tuesday's closing price of $12.95. The analyst expects Sonos to continue to face challenges including tough comparisons up ahead but expects demand to improve as the company focuses on innovating new products.

Persons: Steve Frankel, he's, Frankel, Sonos, Bose, Willing, Michael Bloom Organizations: Rosenblatt Securities

Three-quarters of Americans, or 76%, favor allowing the federal health care program for the elderly to negotiate prices for certain prescription drugs. Americans are split on how Biden is handling the issue of prescription drug prices — 48% approve, making it a relative strong point for Biden, but 50% disapprove. Even among the Americans who support allowing Medicare to negotiate drug prices, approval of Biden’s handling of the issue remains relatively tepid. "They kept prescription drug prices high to increase their profits. “Well, we did it.”Ellen Daily, a 73-year-old retiree in Carrollton, Texas, said she strongly favors allowing Medicare to negotiate on drug prices.

Persons: Joe Biden, trumpeting, drugmakers, Biden, it's, Esperanza Baeza, I'm, ”, “, ” Biden, Ellen Daily, Annie Lok, Lok, doesn’t Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, —, Big Pharma, ”, Medicare, Pharmaceutical Research, Manufacturers of America, Services, Republican Locations: Chicago, Baeza, Carrollton , Texas, Queens , New York

☆ Wendy's chief development officer had male mentors make room for her ideas, even when they weren't popular. It's made a big difference.
▼ + stars: | 2023-09-10 | by ( Josée Rose | ) www.businessinsider.com time to read: +14 min

In the latest Equity Talk, Pringle said male mentors made room for her ideas, even if they weren't popular. With growth comes opportunity, she told me, because "new restaurants create the next big promotion." It's working in our restaurants and talking to our crew members and our general managers on what we can do to really create opportunities. You know, new restaurants create the next big promotion — the next DM and GM and director of operations. Those are the things that I see in part of my role as being able to help create growth.

Persons: Abigail Pringle, Pringle, dulce, she's, I'm, Lindsay Radkoski, Lindsay, Suzie, You've, it's, We've, Wendy's, that's, we've, It's, I've, —, Thiti, Zers Organizations: Service, GM, CMO, CSR, Twitter Locations: Wall, Silicon, Wendy's, Canada, Philippines, India, Australia, Puerto Rico, leche, Argentina

☆ Sri Lankan food and chefs finally get global recognition
▼ + stars: | 2023-09-08 | by ( Zinara Rathnayake | ) edition.cnn.com time to read: +9 min

The tourism connectionThe increased visibility of Sri Lankan cuisine has “been a long time coming,” Meewalla says. “This continuous online exposure makes people try out Sri Lankan food in restaurants.”Diverse influencesToday, more and more Sri Lankan chefs across the world are championing Sri Lankan food while defying common misconceptions about the cuisine. “It has helped change the global perception that Sri Lankan food is different from Indian food, and it’s not only a lot of curries paired with rice,” Williams says. Meewella points out that Sri Lankan cuisine is also heavily plant-based with many vegan options, which helps the cuisine stand out and resonate with global audiences. I cannot wait for casual Sri Lankan food to become a nationwide craving across America.”

Persons: Kolamba, Aushi Meewella, ” Meewalla, ”, Meewella, Dhayanie Williams, “ We’ve, it’s, ” Williams, Sam Fore, Bruno Morandi, “, Williams, Brian Senaratne, Curry Bowl’s, We’ve Organizations: CNN, Sri, MasterChef, Masterchef, Bank, Curry Bowl Locations: London’s Soho, Sri Lankan, Sri Lanka, London, Sri, Lankans, Lankan, Kolamba, Tamil, Sri Lankans, American, Lexington , Kentucky, Lexington, Uppuveli, Nadodi, Kuala Lumpur, Zagreb, Croatia, America

☆ VC Ford Smith used psychedelics and biohacking to pull himself out of a deep depression. Here's why he's backing more startups in the space.
▼ + stars: | 2023-09-07 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

His experience inspired him to focus his investment firm on backing psychedelic startups. But VCs, including Smith, are still betting big on startups in the space that seem especially promising. It wasn't until he tried psychedelics — including Ayahuasca, a plant-derived hallucinogenic drink, and iboga, an African root bark — that his mental health finally improved. Energized by his own experience, Smith reworked his cannabis-focused VC firm Ultranative into a one-stop-shop for psychedelic startups. Smith and Ultranative are far from the only investors pumping money into psychedelic startups.

Persons: Ford Smith, wean, South America —, Ayahuasca, Ultranative, Smith, didn't, Lyme, psychedelics, Rick Doblin, he's Organizations: innovating, Venture, Anonymous, Multidisciplinary Association for Psychedelic Studies, pharma, FDA, PsyMed Ventures, Lionheart Ventures, Iter Investments, Neo Kuma Ventures, Therapeutics Locations: Austin, South America, U.S, Oregon, Colorado, psychedelics, Texas, Los Angeles, Massachusetts

This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.

Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago

☆ Russia dominated the first space race, but now it can't even land on the moon. Photos show the US and China are way ahead.
▼ + stars: | 2023-09-02 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

China, Russia, and the US (with its international allies) are all plotting huge new moonshots. Photos of the space efforts of the US, China, and Russia reveal how far behind the former space power has fallen. AdvertisementAdvertisementThe US and China are innovating, while Russia's space tech agesNASA's Space Launch System rocket with the Orion spacecraft aboard, at the Kennedy Space Center in Florida. Berger cited other underlying issues that are stifling Russia's space ambitions, like budget cuts, quality control, and corruption. Western sanctions have harmed Russia's space program in other ways, limiting its access to high-quality microchips, the AP reported.

Persons: Artemis, Russia isn't, hasn't, Russia's Luna, Bill Nelson, Luna, NASA’s, —, Tingshu Wang, Sergei Markov, Russia's, Steve Seipel, Yuri Borisov, Borisov, Bill Ingalls, Eric Berger, Vladimir Putin's, Berger, Xue Lei, landers, Roscosmos, Victoria Samson Organizations: Service, NASA, AP, Soviet Union, Operation, Space Corporation, Politico, New York Times, China National Space Administration, Vostochny, Luna, NASA’s Goddard Space Flight, Arizona State University NASA, Orion, NASA NASA, SpaceX, National Museum, Reuters, Kremlin, Kennedy Space Center, CNN, Russian Soyuz, Baikonur, Future Publishing, Getty, European Space Agency, ESA, Secure, Foundation Locations: Wall, Silicon, China, Russia, Soviet, Soviet Union, China National Space Administration Russia, Russia's Far, India, Russian, Beijing, Ukraine, Florida, Kazakhstan, Washington

☆ Ukraine showed off experimental new land drones, including one mounted with a turret
▼ + stars: | 2023-08-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine shared images of experimental land drones it has been testing. The photos showed one mounted with a camera and what might be a turret and a feed for ammunition:Experimental drones being tested by Ukrainian forces, seen in a photo shared on August 28, 2023 by state-affiliated media. Facebook/@Михайло ФедоровIn a post, Fedorov said that 25 drones had been tested, and shared images of four different types. Most visible have been the aerial drones which both Ukraine and Russia uses for reconnaissance, targeting, to drop bombs, and also exploding drones which detonate on impact. Ukraine has made great strides in the drone market in recent months, with companies expanding their operations to land robots, the platform added.

Persons: Mykhailo Fedorov, Fedorov, Brave1, United24, Михайло Федоров Organizations: Service, Russia, Ukrainian, Facebook, Pentagon's, Innovation Unit Locations: Ukraine, Wall, Silicon, Ukrainian, Russia, Crimea

☆ These four trends are shaping the gun industry
▼ + stars: | 2023-08-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

Here are four trends that are shaping the gun industry today:Market normalizationSeveral companies in the gun market are slowing down production and slashing prices as they combat material cost increases and waning demand for their weapons. Gun sales typically see a spike during presidential elections, Dionisio added. Investors in Biofire include venture capitalist Ron Conway and Peter Thiel's Founders Fund Biofire's smart gun comes as gun manufacturers increasingly look for different materials and technologies to make their products more appealing to consumers. "Smart guns can ensure that guns are accessible by their owners and no one else," said Nick Suplina, senior vice president for law and policy at Everytown, who has tested Biofire's smart gun. First-time gun purchasers during the pandemic, according to the study, were younger than previous, pre-pandemic U.S. gun owners.

Persons: Spencer Platt, Smith, Sturm, NSSF, Rommel Dionisio, Mark Smith, Christopher J, Killoy, Capital's Dionisio, Dionisio, Kai Kloepfer, Kloepfer, Biofire, they'll, Ron Conway, Peter Thiel's, Mark Oliva, Oliva, Nick Suplina, Matthew Miller, NORC, NSSF's Oliva Organizations: Getty, Wesson, Ruger, Company, Smith, Shooting Sports, Aegis Capital, CNBC, Smith & Wesson, Ruger & Company, Fund, Shooting Sports Foundation, Gun Safety, University of Chicago, America Locations: Monroe , Pennsylvania, U.S, Biofire, it's

☆ CNN is launching a live service on Max with new programming as the network reboots its streaming efforts
▼ + stars: | 2023-08-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —CNN is heading to the Max streaming platform. Under previous leadership, CNN launched the standalone streaming service CNN+, which former executives touted as one of the most important moves in the network’s four-decade history. Warner Bros. CNN Max represents a path forward into the future, while also being more aligned with Warner Bros. Discovery’s vision. Discovery said that CNN Max will be available across all its various subscription packages, including its advertiser-supported plans.

Persons: CNN Max, Jake Tapper, ”, “ Anderson Cooper, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield ”, Jim Sciutto, “ Stanley Tucci, Italy ”, “ Anthony Bourdain, Anderson Cooper ”, Chris Wallace, —, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling —, Audie Cornish, David Zaslav, Max, Zaslav, ” JB Perrette, Warner Organizations: New, New York CNN, CNN, Max, Warner Bros ., Warner Bros . Discovery, “ CNN, Nielsen, Warner Bros, HBO, Discovery, CNN International, Netflix, Turner Sports Locations: New York, United States, Italy

☆ Nvidia unveils an update to a new A.I. chip that hasn't even shipped yet — an aggressive move to keep its crown
▼ + stars: | 2023-08-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

"No one is coming for Nvidia on AI, period, any time soon," Stifel analyst Ruben Roy told CNBC in an interview Wednesday. The new version of Grace Hopper primarily delivers improvements in memory capacity and bandwidth compared with the first-generation product. In practice, improving the memory capacity and bandwidth of the Grace Hopper Superchip should help AI applications run more efficiently and smoothly. Volume production of the improved Grace Hopper Superchip is expected in the second quarter of 2024, according to Nvidia. Open-source software Nvidia's closed-source CUDA software platform – along with a library of pre-trained AI models — has helped establish the company's AI dominance.

Persons: it's, Grace Hopper Superchip, Ruben Roy, Grace Hopper, ChatGPT, Roy, Hopper, Nvidia, Pat Gelsinger, Nvidia's, Omniverse, Jim Cramer, Nvidia hasn't, Jim, enabler —, Jim Cramer's, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Club, Devices, CNBC, Microsoft, Bank of America, AMD, Nvidia DGX, Intel, BMW, Computer, Getty Locations: Taipei

☆ Apple sees sales slump continuing, shares drop 2% despite beating sales expectations
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

Executives said iPhone sales would improve in the fourth quarter, but did not say how much. Weaker iPhone sales were balanced by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year. That sales forecast is below analyst expectations of roughly flat fiscal fourth-quarter sales of $90.19 billion, according to Refinitiv data. Apple said iPhone sales were $39.67 billion, below analyst expectations of $39.91 billion, according to Refinitiv data. Mac and iPad sales were $6.84 billion and $5.79 billion, respectively, compared with analyst estimates of $6.62 billion and $6.41 billion, according to Refinitiv data.

Persons: Joshua Roberts, Luca Maestri, Daniel Newman, Maestri, Tim Cook, We've, We're, Cook, Apple, Jeremy Goldman, Stephen Nellis, Yuvraj Malik, Peter Henderson, Matthew Lewis Organizations: Apple Inc, REUTERS, Wall, Apple, Android, Futurum, Reuters, Research, Major League Soccer, Apple Watch, Thomson Locations: Washington , U.S, China, CHINA, San Francisco, Bengaluru

☆ Apple profit tops Wall Street targets, strong services counter weaker iPhone
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. IPhone sales slightly missed analyst estimates, but were made up for by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year. That helped Apple push sales in its greater China region to$15.76 billion, from $14.60 billion in last year's same quarter. Apple said iPhone sales were $39.67 billion, below analyst expectations of $39.91 billion, according to Refinitiv data. Mac and iPad sales were $6.84 billion and $5.79 billion, respectively, compared with analyst estimates of $6.62 billion and $6.41 billion, according to Refinitiv data.

Persons: Joshua Roberts, Tim Cook, We've, We're, Cook, Apple, Stephen Nellis, Yuvraj Malik, Peter Henderson, Matthew Lewis Organizations: Apple Inc, REUTERS, Apple, Reuters, Android, Big Tech, Microsoft, Google, Research, Major League Soccer, Apple Watch, Thomson Locations: Washington , U.S, China, San Francisco, Bengaluru

☆ These Club consumer stocks stand to gain as customers continue to economize
▼ + stars: | 2023-08-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Consumers looking to save money are scaling back on big-ticket discretionary purchases, while spending at Club name Costco Wholesale (COST) continues to thrive. Excluding impacts from changes in gasoline prices and foreign exchange, total company core-comparable sales were up 5% on an annual basis last month. Costco's "stronger than expected results are a signal it continues to take share in this difficult consumer environment," analysts at UBS wrote in a note. This strategy offers higher value proposition to customers, allowing the company to raise prices while still maintaining customer engagement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, BUD, Raymond James, Anheuser, Molson, Elliott, Jim Cramer's, Jim Organizations: Club, Costco Wholesale, Costco, TAG, UBS, Constellation Brands, Modelo Especial, U.S ., Anheuser, Bush Inbev, Molson Coors, TAP, Constellation, Procter & Gamble, Tide, Gillette, Atlantic, Anheuser Bush, Elliott Management, CNBC, Corbis, Getty Locations: U.S, Teterboro , New Jersey

☆ From banking giants to lending up-and-comers — here are the world's top 200 fintech companies
▼ + stars: | 2023-08-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +11 min

Statista identified 40 firms as top digital payments companies. While digital payments is often the area that draws most investor buzz, lending generates more money in financial services. Statista identified 25 fintech companies that fall into the category of top alternate lending firms. They include American small business lending firm Biz2Credit, Irish e-commerce lending company Wayflyer, and Latvian loan refinancing startup Mintos. Digital business solutions

Persons: Monzo, there's, Statista, Afterpay, It's, Binance, eToro, Equity crowdfunding, hasn't, Peter Hazlehurst Organizations: JPMorgan —, Orange, Digital, U.S, SEC, European, Education, Equity, Republic, Tech, Federal Reserve, Bank of England, CNBC, Solaris Locations: fintech, Europe, Nigeria, Orange, Africa, Terra, U.S, Cayman Islands, American, Latvian, U.K

☆ A Florida steakhouse is selling a plant-based steak for a whopping $69
▼ + stars: | 2023-08-02 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

A Florida steakhouse chain is joining the fray by selling a $69 plant-based steak by Chunk Foods. Charley's Steak House is billing itself as the first steakhouse chain in the US to add a plant-based steak to its menu. The plant-based steak is so good that some staffers were fooled during blind taste tests, company Executive Vice President Clark Woodsby told Insider. Last year, Beyond Meat's sales slumped as consumers turned away from plant-based meat substitutes. To date, restaurant diners have experienced plant-based foods at fast-food chains like KFC, Pizza Hut, McDonald's, and Chipotle.

Persons: mignon, Charley's, Clark Woodsby, Mignon, Woodsby, Seth Miller, Miller, Amos Golan, Golan Organizations: Chunk Foods, Service, Chunk, Town, Texas Cattle Company, Foods, Steak, Foods Chunk Locations: Florida, Wall, Silicon, Central Florida, FishBones, Texas, Charley's

Walk into Cesar Villavicencio's three-bedroom apartment in Washington Heights, New York City, and you might think he had two roommates. Villavicencio graduated in 2009, and, like many aspiring Broadway stars, packed his bags for New York City. But in drag, Villavicencio found empowerment that had eluded him. Zachary Green and Lauren Shamo | CNBC Make ItWhen it comes to getting in drag, Villavicencio's costs, just like his income, can be variable. In addition to five weekly shows, Villavicencio performs as Pixie at a residency in Fire Island and at corporate engagements.

Persons: Cesar Villavicencio's, Pixie Aventura, Villavicencio, I'm, Cesar Villavicencio, Zachary Green, Lauren Shamo, John Leguizamo, Vegas Dion, Payless, Cesar Villavicencio Villavicencio, Aventura, let's, I've, he's, Elham, Max, isn't, It's, She's, Pixie Organizations: CNBC, Miami, YouTube, Otterbein University, Salvation Army, Broadway, West, Cornell Medicine, Nursing, New, Fire, Apple, Max Locations: Washington Heights , New York City, Villavicencio, New York, Fire, South Florida, Westerville , Ohio, Columbus, New York City, Aventura, Villavicencio's New York, homebuying

☆ Spotify increases prices for its premium subscription plans
▼ + stars: | 2023-07-24 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Spotify on Monday announced it will increase the price of its Premium subscription offerings as much as $2, which translates to a 20% increase for some plans. In the U.S., Spotify's Premium Individual offering now costs $10.99, up from $9.99, and the price of its Premium Duo plan changed to $14.99, up from $12.99. The company's Premium Family plan is now priced at $16.99, up from $15.99, and the Student offering costs $5.99, up from $4.99. Spotify is also increasing prices across several other countries, including Canada, France, the U.K., Mexico and Australia. "As we continue to grow our platform, we are updating our Premium prices so that we can keep innovating in changing market conditions," the company wrote on its website.

Organizations: Spotify, Monday Locations: U.S, Canada, France, Mexico, Australia

☆ Why Hollywood actors and writers are on strike and how the WGA and SAG-AFTRA walkouts are changing the entertainment industry
▼ + stars: | 2023-07-21 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

The Hollywood writers' strike got a boost when actors joined the picket lines in July. Together, the SAG-AFTRA and WGA strikes have upended development and promotion of new content. Read more about the issues and demands driving the WGA and SAG-AFTRA strikes:When will the SAG-AFTRA and WGA strikes end? Some are predicting that the writers' strike appears to be on course to outlast the previous the 100-day WGA strike of 2007-8, which cost the California economy roughly $2 billion. Read more about how Hollywood companies prepared for the strikes:Getting a job in Hollywood right now: Is anyone still hiring?

Persons: AFTRA, Oppenheimer, Abbott, Fran Drescher, it's, Read, Adam Conover, Ted Sarandos, David Zaslav, picketers, showdowns, Hollywood's, Reed Alexander, Lucia Moses Organizations: Hollywood, SAG, WGA, Writers Guild of America, Alliance, Television Producers, Netflix, Warner Bros, Discovery, Employees, Wall, Big Tech Locations: Los Angeles and New York City, California, Hollywood

We asked top VCs to name the most promising healthtech startups of 2023. VCs nominated startups in their portfolios and companies with which they had no financial ties. It's tough for digital-health startups to raise money these days. But promising startups can still stand out in this environment, as VCs focus on backing upstarts positioned to win big. To identify the most promising startups in healthtech, Insider asked VCs for their recommendations — including firms they'd invested in, and ones they hadn't.

Persons: VCs, upstarts, they'd, Read Organizations: Venture Locations: healthtech

☆ What Meta's Threads app means for Twitter, social media and Meta's own profits
▼ + stars: | 2023-07-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.

Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners

☆ People are having babies later and fertility rates are down. Venture capitalists see an opportunity in these 10 reproductive tech startups.
▼ + stars: | 2023-07-05 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Fertility rates are declining, with those trying for children often needing access to reproductive tech. Insider spoke to seven VCs who named the top startups innovating reproductive and fertility services. "While it is difficult to pin just one number to the size of Europe's reproductive and fertility tech sector, there has definitely been significant growth across the market," said Sasha Astafyeva, partner at Atomico. In 2021, investors poured a record $3.76 billion into reproductive tech startups globally, per Pitchbook data. Insider asked seven VCs about the reproductive and fertility technology startups set to take off.

Persons: Camila Caso, Sasha Astafyeva, Peter Thiel, —, Roe, Wade, Caso Organizations: World Health Organization, Founders Locations: Mexico, Atomico, Europe, Asia

☆ Domino's can find you wherever you are with new Google pin drop tech
▼ + stars: | 2023-06-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Domino's is using Google Maps tech to launch Pinpoint Delivery. Domino's has seen a slowdown in its delivery business due to inflationary pressures on customers. The pizza chain, which bills itself as a tech chain that happens to sell pizza, is leveraging Google Maps technology to deliver pizzas to locations without addresses, such as parks, beaches, and baseball fields. Domino's is leveraging Google Maps tech for Pinpoint Delivery. There's no extra cost for Pinpoint Delivery, which comes as inflationary pressures have hurt Domino's delivery business.

Persons: Domino's, —, Christopher Thomas, Moore, Carl Orsbourn, Sandeep Reddy, Reddy Organizations: Google, Service, Oppenheimer, Commerce, NPD

☆ New details emerge about Amazon's Ring staff spying on customers, and also reveals that 55,000 were hacked in 2019
▼ + stars: | 2023-06-01 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +8 min

It also revealed new details about incidents of Ring employees and contractors spying on customers. The FTC complaint revealed that in between June and August 2017, a male Ring employee viewed "thousands" of videos captured on Ring cameras belonging to "at least 81" women, including Ring customers and employees. More than 55,000 hack victimsPrior to the publication of Wednesday's complaint, public knowledge about Ring employees spying on customers has been known, but vague. The complaint also reveals how many people were the victims of a series of 2019 hacks, which targeted Ring customers in several high profile incidents. Between January 2019 and March 2020, the FTC said in its Wednesday complaint, "more than 55,000 U.S. customers" were the victims of hackers targeting Ring accounts.

Persons: Yarger, Ring, Elisa Jillson, Jillson Organizations: FTC, Morning, Federal Trade Commission, FTC's, Consumer Locations: Ukraine, U.S, Washington ,

☆ Amazon's Ring will pay $5.8 million to settle FTC lawsuit alleging employees and third-party contractors had unrestricted access to customer videos
▼ + stars: | 2023-05-31 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amazon's Ring will pay the FTC $5.8 million to settle a lawsuit claiming privacy violations, according to Wednesday court filings. The FTC alleged Ring employees and third-party contractors had unrestricted access to customers' video recordings. Amazon-owned smart doorbell company Ring agreed to settle a lawsuit filed against the company by the Federal Trade Commission regarding privacy and data security concerns. "Ring promptly addressed these issues on its own years ago, well before the FTC began its inquiry," a Ring spokesperson told Insider. "Only after the supervisor noticed that the male employee was only viewing videos of 'pretty girls' did the supervisor escalate the report of misconduct," the FTC alleged in its complaint, obtained by CNN.

Persons: Brian Huseman Organizations: FTC, Federal Trade Commission, Amazon, CNN, CNBC Locations: Ukraine

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