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☆ Russia-Ukraine war: Exclusive satellite images show destroyed jets and building at Belbek airbase
▼ + stars: | 2024-05-17 | by ( Paul P. Murphy | Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Satellite images exclusively obtained by CNN show three destroyed Russian jets and damaged buildings at Belbek airbase in occupied port city of Sevastopol on Wednesday. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024.

Persons: Mikhail Razvozhaev, “, ” Razvozhaev, Belbek, Dmytro Pletenchuk, ”, Volodymyr Zelensky, don’t, Christopher Cavoli, ” Zelensky, Vladimir Putin, Xi Jinping Organizations: CNN, Ukrainian, ” CNN, Black, NATO, Allied Locations: Sevastopol, Crimea, Russia, Belbek, Russian, Belbek Airbase, Ukrainian, Atesh, Moscow, Ukraine, Azov, Kharkiv, Vovchansk, Ukraine’s, Brussels, Beijing, China

☆ More OpenAI drama: Exec quits over concerns about focus on profit over safety
▼ + stars: | 2024-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —A departing OpenAI executive focused on safety is raising concerns about the company on his way out the door. His resignation followed an announcement by OpenAI Co-Founder and Chief Scientist Ilya Sutskever, who also helped lead the superalignment team, on Tuesday that he would leave the company. The technology will make ChatGPT more like a digital personal assistant, capable of real-time spoken conversations. “i’m super appreciative of @janleike’s contributions to openai’s alignment research and safety culture, and very sad to see him leave,” Altman said. i’ll have a longer post in the next couple of days.”–CNN’s Samantha Delouya contributed to this report.

Persons: Jan Leike, superalignment, OpenAI, “, Leike, ”, Ilya Sutskever, Sutskever, Sam Altman, Altman, Kara Swisher, ” Leike, ” Altman, ” –, Samantha Delouya Organizations: New, New York CNN, OpenAI, CNN Locations: New York, ChatGPT

☆ Live updates: Russia's war in Ukraine, Putin meets Xi, Kharkiv under attack
▼ + stars: | 2024-05-16 | by ( Helen Regan | ) edition.cnn.com time to read: 1 min

Russian President Vladimir Putin is in Beijing for the start of a two-day state visit underlining close alignment with Chinese leader Xi Jinping as Russian troops advance in Ukraine. The visit — Putin’s symbolic first overseas foray since entering a new term as Russia’s president last week – is the latest sign of deepening relations as the two bind their countries closer in the face of heavy frictions with the West. This is the fourth in-person meeting between Xi and Putin since Russia's invasion and Putin’s second visit to Beijing in that time. Russian troops have been pushing into northeastern Ukraine since their surprise assault on May 10 in the border region of Kharkiv. Their advances in the region are Moscow’s most significant since Ukrainian forces recaptured Kharkiv in 2022.

Persons: Vladimir Putin, Xi Jinping, Xi, Putin Locations: Beijing, Ukraine, Kharkiv

☆ Exclusive satellite images show destroyed Russian jets and building at Crimean airbase
▼ + stars: | 2024-05-16 | by ( Paul P. Murphy | Helen Regan | ) edition.cnn.com time to read: +6 min

☆ It was their job to make sure humans are safe from OpenAI's superintelligence. They just quit.
▼ + stars: | 2024-05-15 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

And the fact that there aren't such controls in place yet is a problem OpenAI recognized, per its July 2023 post. Our current techniques for aligning AI, such as reinforcement learning from human feedback , rely on humans' ability to supervise AI," read OpenAI's post. "But humans won't be able to reliably supervise AI systems much smarter than us, and so our current alignment techniques will not scale to superintelligence. AdvertisementLeike — who worked at Google's DeepMind before his gig at OpenAI — had big aspirations for keeping humans safe from the superintelligence we've created. "Maybe a once-and-for-all solution to the alignment problem is located in the space of problems humans can solve.

Persons: —, Sam Altman, Ilya Sutskever, Altman, Sutskever, he's, Jan Leike, Leike, OpenAI, superalignment, we're, Google's DeepMind, OpenAI — Organizations: Service, Business, OpenAI Locations: OpenAI

☆ Trump’s playboy past is in the spotlight. His allies are readying a new fight against pornography
▼ + stars: | 2024-05-15 | by ( Steve Contorno | ) edition.cnn.com time to read: +12 min

A movement to rein in online pornography is rapidly intensifying, fueled by conservative outrage and growing unease over the accessibility of sexual content online, especially for children. Pornography is mentioned on the first page; banning pornography and locking up those who produce it are proposed on Page 5. He was an occasional guest at Hugh Hefner’s famed Playboy Mansion and made cameos in soft-core pornographic films produced by the company – though not in any scenes depicting sexual content or nudity. ‘Sex is the canary in the coal mine’The Supreme Court has deemed previous attempts to curb online pornography unconstitutional on First Amendment grounds. They were designed to protect adults from accessing adult content, which, of course, is their stated aim.

Persons: Donald Trump’s, Trump, “, ”, Terry Schilling, Hugh Hefner’s, Stormy Daniels, Karen McDougal –, McDougal, Daniels, Kevin Roberts, ” Roberts, ” Roberts hasn’t, Ben Carson, Charlie Kirk, Chris LaCivita, Susie Wiles, President Trump, LaCivita, Wiles, Mike Stabile, ” Pornhub, –, Robert Winterton, Pornhub, Solomon Friedman, It’s, ” Schilling, Paul Dans, Stabile, ” Stabile, Schilling, “ It’s, Stuart Brotman, Brotman –, Playboy’s Hefner –, Roberts, ” Brotman, Ben Bull, ” Bull Organizations: CNN, Trump, Heritage Foundation, Playboy, Heritage, Housing, Urban, Free Speech Coalition, US, Apple, Google, Facebook, ”, National Center, Media, Ethical Capital Partners, Republicans, US Department of Justice, University of Tennessee, GOP Locations: Manhattan, Washington, DC, Lake Tahoe, Texas, – Virginia, Montana , North Carolina , Arkansas , Utah , Mississippi, Louisiana, California, Knoxville

☆ Vladimir Putin arrives in China for state visit as Russian troops advance in Ukraine
▼ + stars: | 2024-05-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Russian President Vladimir Putin has arrived in Beijing for the start of a two-day state visit underlining close alignment with Chinese leader Xi Jinping as Russian troops advance in Ukraine. Ahead of the trip, Putin hailed the “unprecedented level of strategic partnership” between the countries in an interview with Chinese state media Xinhua. The two leaders – who declared a “no limits” partnership weeks before the February 2022 invasion – have continued to strengthen their countries’ diplomatic, trade and security ties since Russia’s invasion of Ukraine. Xi hosts Putin in Beijing as the Chinese leader comes under under mounting pressure from the US and Europe to ensure exports from China aren’t propping up Russia’s war effort. This is the fourth in-person meeting between Xi and Putin – known for their personal chemistry – since the invasion and Putin’s second visit to Beijing in that time.

Persons: Vladimir Putin, Xi Jinping, Putin, Volodymyr Zelensky, Russia’s, China’s, –, Xi Organizations: Hong Kong CNN, West, Wednesday, Xinhua, ”, Trade, China aren’t, Kremlin Locations: Hong Kong, Beijing, Ukraine, Kharkiv, Gaza, ” Beijing, United States, Europe, China, Moscow, Harbin, China’s, Heilongjiang, Russia’s

☆ Putin to meet Xi in China as world convulses from global conflicts
▼ + stars: | 2024-05-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.

Persons: Xi Jinping, Vladimir Putin, Putin, –, It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, ”, Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, “, Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore

☆ Here's why UBS' Alli McCartney sees a huge opportunity in semis
▼ + stars: | 2024-05-14 | 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 EmailHere's why UBS' Alli McCartney sees a huge opportunity in semisAlli McCartney, managing director at UBS Alignment Partners, joins 'Money Movers' to discuss why chips will be a crucial driver for equities going forward, what could happen if inflation moderates, and more.

Persons: Alli McCartney Organizations: UBS, UBS Alignment Partners

☆ Why predicted gains for right-wing populists could make Europe vulnerable to attack
▼ + stars: | 2024-05-11 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

CNN —Right-wing populists are set to make unprecedented gains in the elections to the European Parliament taking place next month. Polling data suggests that far-right Members of the European Parliament (MEPs) could have enough seats to, together, block the passage of European Union legislation, creating a massive headache for the union as a whole. “For some countries, that is a six-month process, in others it can take two years,” a senior European Parliament source told CNN. Britain's Nigel Farage used his seat in the European Parliament to promote Brexit. It only becomes an issue if they are working with foreign powers to advance their agenda,” an EU security source told CNN.

Persons: Ursula von der Leyen, Yiannis Kourtoglou, Reuters “, ”, James Shires, you’ll, don’t, Britain's Nigel Farage, SEBASTIEN BOZON, it’s, — Organizations: CNN, Parliament, European, Reuters, “, Brexit, Getty, British, EU, Brussels Locations: Brussels, China, Russia, Strasbourg, AFP, Britain, Ukraine, EU, Europe

☆ Opinion | Is There a Post-Religious Right?
▼ + stars: | 2024-05-10 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

My one-liner “captured a widely shared assumption” that Trump’s rise signaled “the birth of an irreligious right animated by white racial grievance,” he wrote. The old religious right may have suffered a fatal blow in 2016. But what succeeded it was not a post-religious racialist party, as some feared and others hoped. was preparing to establish white supremacy now are more likely to denounce its ambitions as “Christian nationalist.” Whatever else one makes of this charge, it implies an acknowledgment that a post-religious right has failed to materialize. But when Schmitz says a post-religious right has “failed to materialize” I have to strongly disagree.

Persons: Donald Trump, Matthew Schmitz, “, ”, that’s, Schmitz, Mitt Romney, Republican pollster Patrick Ruffini, Vance, George W, Bush, Trump, Norman Vincent Peale Organizations: Republican, Trump, Christian, Republican Party Locations: American, Ohio

☆ 2 OpenAI researchers working on safety and governance have quit
▼ + stars: | 2024-05-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewTwo OpenAI employees who worked on safety and governance recently resigned from the company behind ChatGPT. Daniel Kokotajlo left last month and William Saunders departed OpenAI in February. Kokotajlo, who worked on the governance team, is listed as an adversarial tester of GPT-4, which was launched in March last year. OpenAI also parted ways with researchers Leopold Aschenbrenner and Pavel Izmailov, according to another report by The Information last month. OpenAI, Kokotajlo, and Saunders did not respond to requests for comment from Business Insider.

Persons: —, Daniel Kokotajlo, William Saunders, Saunders, Kokotajlo, overton, Ilya Sutskever, Jan Leike, AGI, It's, Sam Altman, Diane Yoon, Chris Clark, Yoon, Clark, OpenAI, Leopold Aschenbrenner, Pavel Izmailov Organizations: Service, Business, Alignment Locations: OpenAI

☆ Fender benders mean serious high-tech repairs now
▼ + stars: | 2024-05-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Virtually every new vehicle sold in the last few years has sensors and cameras, including radar and sonar, throughout the body of the vehicle. These have made the repair process more complex because, unlike a smashed fender, a sensor or camera can’t just be bolted or welded back on. Some of these systems can cut crash rates in half, said Greg Brannon, director of automotive engineering at AAA. In a crash, these sensors and cameras can be damaged or just knocked out of alignment. Claim adjustors, who often come from the collision repair industry themselves, need to understand all the nuances involved in repairing these automated systems and sensors.

Persons: It’s, ”, Todd Dillender, Greg Brannon, “ They’re, Brannon, “, Hami Ebrahimi, ” Ebrahimi, Ebrahimi, That’s, Dillender, adjuster, Mike Bunda, We’ve Organizations: CNN, Auto, AAA, Systems Locations: United States, Chicago, Seattle, New York

But some of the details Daniels described were so explicit that Judge Juan Merchan cut her off at several points. “How can we come back from this in a way that’s fair to President Trump?” Blanche challenged. “Am I correct that you hate President Trump?” Necheles asked“Yes,” Daniels said. “It’s also cost me a lot of money,” Daniels responded. “You are looking to extort money from President Trump,” Necheles asked.

Persons: Stormy Daniels, Donald Trump, Daniels, Trump, Juan Merchan, Merchan, “, Michael Cohen, Susan Necheles, ” Trump, ”, Trump “, didn’t, ” Daniels, Kaitlan Collins, Gina Rodriguez, Rodriguez, –, Peggy Peterson, David Dennison, Cohen, Jimmy Kimmel, she’s, Susan Hoffinger, Judge, Todd Blanche, Blanche, ” Blanche, CNN Hoffinger, ” Merchan, Necheles didn’t, ” Necheles, “ You’ve, Necheles, “ I’ve, “ It’s, Keith Davidson Organizations: CNN, Trump, AMI, Defense Locations: Trump’s, Las Vegas

☆ U.S. wins global leadership approval over China when a Democrat is president, Gallup analysis shows
▼ + stars: | 2024-05-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Saul Loeb | Afp | Getty ImagesMost countries prefer alignment with the U.S. over China when the White House is occupied by a Democrat, according to Gallup poll data going back to 2007. "Significantly more countries seem to prefer U.S. leadership over Chinese leadership, at least under Democratic administrations," Gallup said in its report released Monday, adding that a Republican executive comes with a "net approval disadvantage." According to Gallup, the "bounce-back" under the Biden administration suggests that the U.S.'s net approval advantage over China is resilient, especially when accounting for more strongly aligned groups. China's favorability peaked in 2007 as it emerged on the global stage, but increased familiarity with Beijing has not boosted its appeal, Gallup said. Meanwhile, U.S. leadership has enjoyed a general net approval rate under the Biden and Obama administrations, compared with net disapproval rates under the Trump and last two years of the Bush leadership, the report showed.

Persons: Xi Jinping, Joe Biden, Saul Loeb, Gallup, Trump, George Bush, Barack Obama, Biden, Obama, Bush Organizations: Afp, Getty, U.S, Democratic, Republican, Gallup, Biden, Trump, Pew Research Locations: Nusa Dua, Indonesian, Bali, China, Beijing, Trump

☆ The likely reason your résumé got rejected
▼ + stars: | 2024-05-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Although the recent grad didn't have tech experience, to Weaver, he'd shown longevity with a company and a desire to take on more responsibility. "The ATS doesn't care. "They don't have time to really parse through a résumé and think if someone may or may not be a fit. Weaver said taking these steps makes it less likely that a résumé will be set aside when a recruiter sorts for certain attributes. Don't fear the etherIt's understandable why people would stress over whether an ATS would block their résumé.

Persons: —, Melissa Weaver, He'd, Weaver, he'd, it's, Mark Jensen, Jensen, Aaron Cleavinger, Cleavinger, you'd Organizations: Service, Business, ATS, Fortune, People, Murdoch

☆ The best cooling mattress toppers for hot sleepers
▼ + stars: | 2024-05-03 | by ( James Brains | Jaclyn Turner | ) www.businessinsider.com time to read: +25 min

The best cooling mattress topper for hot sleepers take it a step further; they're specially designed with cooling properties that promote airflow with moisture-wicking and temperature-regulating features. For this guide, I slept on 15 mattress toppers and interviewed experts to find the best cooling mattress topper. The best cooling mattress toppers for hot sleepersBest overall: Ghostbed Memory Foam Mattress Topper -See at GhostBedBest heat dissipation: Bear Pro Mattress Topper - See at BearBest budget: Lucid Bamboo Charcoal Memory Foam Mattress Topper - See at AmazonBest for back pain: Tempur-Pedic TEMPUR-Adapt Mattress Topper - See at Tempur-PedicBest overallGhostBed Memory Foam Topper The GhostBed Memory Foam Topper, with its unique airflow-promoting design, did an outstanding job of dissipating heat in our tests while providing soothing comfort for side sleepers. Best heat dissipationBear Pro Mattress Topper (Queen) The Bear Pro Mattress Topper is your best bet if you're looking for a plush topper that offers support, pressure relief, and a cool, comfortable night's sleep. Best budgetLucid 3-inch Bamboo Charcoal Memory Foam Mattress Topper The Lucid Bamboo Charcoal Memory Foam Mattress Topper incorporates bamboo and charcoal for its moisture-wicking and odor-neutralizing properties.

Persons: James Brains, it's, Topper, Pedic, Rebecca Robbins, Robbins, you'll, I've Organizations: Business, Bear, Amazon, Shop, Cal, Brigham, Women's Hospital, Harvard Medical School, Garmin Locations: RVs, Tempur, California

☆ 4 ways equity management can help build a foundation for growth
▼ + stars: | 2024-05-02 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

To drive a culture of ownership, companies must build an effective strategy around equity management. Optimize capitalization table managementOne of the core elements of an effective equity management strategy is a transparent and defensible capitalization table. And with a partner to help design or evolve your equity plan management strategy, your organization will be well-prepared for its next stage of growth. Morgan Stanley Smith Barney LLC ("Morgan Stanley") and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.

Persons: Teri McFadden, you've, Morgan Stanley, Mike Jung, Morgan Stanley Smith Barney, SIPC Organizations: Norwest Venture Partners, Circle, Insider Studios, Financial Advisors, Wealth Advisors

☆ 3 reasons your friendship feels 'toxic' — and what you can try before breaking up
▼ + stars: | 2024-05-02 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Strong friendships feel equal, exclusive, and mutually supportive. It's a beautiful experience, but one with under-appreciated complexities, Danielle Bayard Jackson, an author and friendship coach, told Business Insider. So before you dub your bestie a toxic friend, here are three major reasons your relationship feels like it's on the rocks — and what you can try before quiet-quitting the friendship. In her book, Jackson offered ways to start conversations around those issues, as well as advice on when to just walk away. In the book, Jackson described close friendship as creating a "vault" where "each friend contributes private things in an intimate and trustworthy space."

Persons: Danielle Bayard Jackson, —, Jackson, I'm, DINK, it's, It's Organizations: Service

☆ Japan’s ‘Moon Sniper’ returns images after third long, lunar night
▼ + stars: | 2024-05-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

Temperatures during the lunar night can plunge to minus 208 degrees Fahrenheit (minus 133 degrees Celsius), according to NASA. And Moon Sniper wasn’t expected to withstand even one lunar night, which is a period of darkness on the moon lasting about two weeks. Riding out the lunar nightThe mission team communicated with Moon Sniper on April 23 after the lander rode out its third lunar night. From JAXAIn addition to surviving the extreme cold of the lunar night, Moon Sniper has also endured the searing temperatures of the lunar day, which can reach 250 degrees Fahrenheit (121 degrees Celsius), according to NASA. On February 29, after seven days of operating, Odie went to sleep because it wasn’t intended to survive the lunar night.

Persons: CNN —, Smart, SLIM, ’, Moon, ”, Odysseus, Odie ”, Odie, “ Odie, Jack Fischer, Fischer, ” Fischer, “, I’m, Vikram, Artemis, Noah Petro, Artemis III, ” Petro Organizations: CNN, Japan Aerospace Exploration Agency, NASA, JAXA, Reconnaissance, Artemis, Apollo Locations: Japan, Houston, India, China

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Amazon, Tesla, 3M, Pinterest, AMD, Meta and more
▼ + stars: | 2024-05-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Barclays reiterates Advanced Micro Devices as overweight Barclays said the chipmaker is "best positioned" following earnings on Tuesday. JPMorgan reiterates Apple as overweight JPMorgan said it sees an attractive entry point ahead of Apple earnings on Thursday afternoon. JPMorgan upgrades Fifth Third to overweight from neutral JPMorgan said it sees earnings upside for the regional bank. JPMorgan upgrades 3M to overweight from neutral JPMorgan said shares of the company are compelling at current levels. Bank of America reiterates Pinterest as buy Bank of America said it sees "multiple tailwinds to aid growth & margins" following earnings on Tuesday.

Persons: Morgan Stanley, Tesla, JPMorgan, Wedbush, TD Cowen downgrades Skyworks, Cowen, Pinterest, Goldman Sachs, Goldman Organizations: Bank of America, Amazon, Barclays, AMD, JPMorgan, Apple, Nvidia, Seagate, HSBC, Deutsche Bank, Starbucks, Deutsche, Logitech, Meta Locations: China, 3QFY24, Pinner, SiriusXM

☆ German bed pillows give me nightmares. Next time I go to Berlin, I'm bringing my own.
▼ + stars: | 2024-04-26 | by ( Jessica Furseth | ) www.businessinsider.com time to read: +6 min

Read previewI never paid much mind to the pillow I rest my head on at night until I went to Berlin. A classic German bed pillow is a monstrosity measuring 31 by 31 inches (80 by 80 centimeters if you're local). AdvertisementThe first Google result for "German pillows" is "German pillows are a crime against sleep," an article by travel blogger Ryan Murdock who writes: "I've devoted a considerable amount of time to thinking about those giant square pillows. "There's no one size fits all for pillows," said Vuu, author of "Thrive State: Your Blueprint for Optimal Health, Longevity and Peak Performance." Next time I go to Germany, I'm bringing a pillow from home.

Persons: —, Jessica Furseth, Ryan Murdock, I've, Juliane Hedderich, Kien Vuu, Vuu Organizations: Service, Business, Association of, Feather Industry, Wall Street, Health Sciences, UCLA, Health Locations: Berlin, Germany, Italy

☆ Opinion | The Volkswagen Union Win Shows That Labor Is Becoming a Bigger Tent
▼ + stars: | 2024-04-24 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

There’s a vote on whether to join the United Automobile Workers union, giving organized labor its first factorywide foothold at a major foreign automaker in the South. We know now that the pro-union side won with nearly three-quarters of the vote in an election that ended on Friday. I think what we saw in Chattanooga is workers voting on the basis of economics rather than party alignment. If that continues to happen elsewhere, the South could some day become as unionized as the rest of the country. It won’t happen quickly, though, because government officials and corporate groups are likely to continue to fight back.

Persons: —, Donald Trump, Republicans — Organizations: United Automobile Workers, Republicans Locations: Chattanooga , Tenn, Tennessee, Chattanooga

☆ Buy this little-known pharma stock with more than 80% upside ahead, RBC says
▼ + stars: | 2024-04-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Ultragenyx Pharmaceutical has several growth opportunities ahead that could lead its share price to boom over the next year, according to RBC Capital Markets. Analyst Luca Issi initiated research coverage of the pharmaceutical company, which develops treatments for rare and ultra-rare diseases, with an outperform rating and $77 price target. Ultragenyx is forecasting between $500 million and $530 million in revenue for 2024, driven by rare bone disease drug Crysvita, long-chain fatty acid oxidation disorder drug Dojolvi, as well as therapies Mepsevii and Evkeeza. The analyst is also looking ahead to Ultragenyx's treatments for Angelman syndrome, Glycogen storage disease type 1, or GSD1a, plus Wilson's disease as potential opportunities to drive up the stock. Wilson's disease is a rare genetic disorder that prevents the body from eliminating copper, which then leads it to accumulate in the liver, brain and other organs.

Persons: Luca Issi, Issi, Issi's, Issa, GSD1a Organizations: Ultragenyx Pharmaceutical, RBC Capital Markets, U.S . Food, Drug Administration

☆ Global energy transition will require $4 trillion annually by next decade, BlackRock says
▼ + stars: | 2024-04-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersBlackRock estimates that the world's green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in Asia-Pacific. The forecast comes from BlackRock's latest "Investment Institute Transition Scenario," which analyzes how the low-carbon transition is most likely to play out and its potential impact on portfolios. The $4 trillion figure is double previous expectations of $2 trillion annually, and will require increases in both public and private sector capital, according to Michael Dennis, head of APAC Alternatives Strategy & Capital Markets at BlackRock. Last year, $1.8 trillion was invested into projects related to the energy transition, up from $33 billion in 2004 with about $19 trillion invested to date, according to data compiled by BlackRock. "However, while the investment has grown, there's still an $18 trillion gap to get to where we need to by 2030," he added.

Persons: Brendan McDermid, Michael Dennis, Dennis, there's Organizations: Reuters BlackRock, Investment, Capital Markets, BlackRock Locations: BlackRock, New York City, Asia, U.S

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