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☆ Nelson Peltz's Disney proxy fight may hinge on the same investors who doomed his DuPont battle nearly a decade ago
▼ + stars: | 2024-04-02 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Three major Disney investors have a history with Nelson Peltz's proxy fights. BlackRock, Vanguard, and State Street voted against Peltz's firm Trian Partners in a 2015 proxy battle. But in a 2017 fight with P&G, BlackRock and State Street supported Peltz. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe fate of Nelson Peltz's proxy fight with Disney partially relies on three investors — the same investors who doomed his DuPont battle nearly 10 years ago.

Persons: Nelson Peltz's, —, Nelson Organizations: Disney, BlackRock, Vanguard, State Street, Trian Partners, G, Service, DuPont, Business Locations: BlackRock

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The bond sets the money aside — untouchable by either Trump or state officials — while he appeals the case. James' office had pushed back against lowering the bond amount, arguing that should Trump lose on appeal, state officials would need to chase him for whatever money he owes. With the interest stacking up every day, he's betting pretty big on winning this appeal. If Trump loses his appeal, he and his associates will then owe the remaining amount, plus interest.

Persons: —, Donald Trump, Judge Arthur Engoron, Trump, Engoron's, Alina Habba, Letitia James, James Organizations: Service, Insurance Company, Business, Knight Insurance, Trump, Trump Organization Locations: New York, Manhattan, Los Angeles

☆ Abortion and marijuana will be on the ballot this year in a key swing state
▼ + stars: | 2024-04-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Florida voters will have the chance to vote on abortion and recreational marijuana this November. The measures would enshrine abortion access and recreational marijuana use into the state constitution. AdvertisementFlorida voters will now have the chance to decide for themselves if they want abortion rights and recreational marijuana enshrined in the state constitution. The state's Supreme Court, which has a conservative majority, ruled that the two measures could appear on the ballot this November. The first ballot measure would add the right to abortion into the state constitution, mandating that no law can "prohibit, penalize, delay, or restrict" abortion before the fetus is viable outside the womb.

Persons: Ron DeSantis, — Organizations: Service, Business Locations: Florida

☆ Researchers are testing out a highway to charge your EV while you drive
▼ + stars: | 2024-04-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Indiana researchers are testing out a highway that can wirelessly charge electric vehicles. They say their technology is so powerful that it can even charge an electric semitruck. AdvertisementOne of the biggest downsides of owning an electric vehicle is having to stop and charge it, but a group of researchers out of Indiana wants to change that. Highways that can wirelessly charge your EV while you drive, even at high speeds. Engineers at Purdue University and the Indiana Department of Transportation announced last week that they're developing a section of highway that could charge electric vehicles, even electric semitrucks, while they drive at 65 mph.

Persons: — Organizations: Service, Engineers, Purdue University, Indiana Department of Transportation Locations: Indiana

☆ Google will delete billions of browsing records to settle privacy lawsuit: court filing
▼ + stars: | 2024-04-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewGoogle will destroy users' browsing data to settle a $5 billion privacy lawsuit about its "incognito" browsing, according to federal court filings. The 2020 class action lawsuit accused the search engine of collecting millions of users' data without their knowledge while they used incognito mode. Now, Google has agreed to delete billions of data records that are older than nine months, the filing states. Previously, Google had used third-party cookies to collect users' data even when they were on non-Google sites. Related storiesGoogle had known for years that the marketing and branding of its incognito mode was potentially misleading, the lawsuit alleged.

Persons: —, José Castañeda, Lorraine Twohill, Sundar Pichai, David Boies Organizations: Service, Google, Business, Wall Street, Wall Street Journal Locations: California

☆ OpenAI knows you're worried about its new AI model that can copy your voice
▼ + stars: | 2024-03-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

OpenAI's "Voice Engine" tool, which the company says it first developed in late 2022, uses a 15-second audio clip of a real person's voice to create an eerily realistic, human-sounding replica of that voice. AdvertisementOpenAI stressed that its partner organizations must obey strict policies to use Voice Engine, like getting consent from every individual being impersonated and informing listeners that the voice is AI-generated. "We are taking a cautious and informed approach to a broader release due to the potential for synthetic voice misuse," the company wrote. "We hope to start a dialogue on the responsible deployment of synthetic voices, and how society can adapt to these new capabilities." For example, OpenAI suggested establishing a "no-go voice list" to prevent the nonconsensual replication of prominent voices, like politicians or celebrities.

Persons: —, OpenAI, it's Organizations: Service, Business

☆ The hot new government job is AI specialist
▼ + stars: | 2024-03-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

The Biden Administration is beefing up AI staff across the government. All federal agencies are now required to hire a chief AI specialist, Kamala Harris announced. Consider becoming an AI specialist. The Biden administration announced on Thursday that it will be beefing up AI staff across all federal agencies, aiming to hire 100 AI professionals by the summer. And, all federal agencies must hire a chief AI specialist to oversee the ethical and transparent use of AI, the White House's Office of Management and Budget (OMB) said in its announcement.

Persons: Kamala Harris, —, Biden Organizations: Biden, Service, Management, Budget, Business

☆ Missing Baltimore construction workers were migrants from Mexico and Central America: reports
▼ + stars: | 2024-03-27 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Six construction workers are presumed dead after Baltimore's Francis Scott Key Bridge collapsed. They are all migrants from Central America, their coworker told The Baltimore Banner. The workers are presumed dead, and recovery efforts are underway. AdvertisementNew information is emerging about the six construction workers who are presumed dead after Baltimore's Francis Scott Key Bridge collapsed Tuesday morning. The workers were all migrants from Mexico and Central America, according to reports.

Persons: Baltimore's Francis Scott Key, —, Jesus Campos Organizations: Baltimore Banner, Service, Brawner Builders, Business Locations: Central America, Mexico, El Salvador, Guatemala, Honduras

☆ Disney and Florida reach a deal, putting their legal war on hold
▼ + stars: | 2024-03-27 | by ( Grace Eliza Goodwin | Madeline Berg | ) www.businessinsider.com time to read: +4 min

Disney World and Florida have settled their legal dispute. The board of the Central Florida Tourism Oversight District — which was DeSantis hand-picked to take control of Disneyworld's special tax district — agreed on Wednesday to settle the state lawsuit brought by Disney. AdvertisementBut just before DeSantis' allies took over the board, Disney's outgoing board members passed an agreement stripping the board of much of its power, effectively hamstringing DeSantis' incoming board. Related storiesNow, as part of the Disney-proposed settlement, Disney will agree to return power to the DeSantis-appointed board, which can now have a say in development plans and expansion. The settlement also instructs the tourism board to consult with Disney as it reviews and amends planning documents for the Disney World site.

Persons: Disney execs, DeSantis, Ron DeSantis, —, Bob Iger, Disneyworld, hamstringing, Iger, Disney, Charbel Barakat, Disney — I'm, Barakat, Walt, Jeff Vahle, Donald Trump, Nikki Haley, Egan, Jones, Nelson Peltz Organizations: Disney, Florida Gov, Service, Central, Improvement, DeSantis, Walt Disney World, Associated Press Locations: Florida, Central Florida, Reedy, Disney

☆ Big changes could be coming to the way we pay for things
▼ + stars: | 2024-03-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.

Persons: —, Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London

☆ Baltimore bridge collapse would have been much worse if the ship hadn't called in 'mayday'
▼ + stars: | 2024-03-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

The cargo ship that crashed into the Baltimore bridge called in a 'mayday' moments before. Wes Moore said. AdvertisementThe Baltimore bridge collapse could have been deadlier had the crew of the swerving cargo ship not called in a "mayday" before hitting the bridge's support. Maryland Governor Wes Moore told reporters at a news conference Tuesday morning that before the Singapore-tagged Dali cargo ship crashed into Baltimore's Francis Scott Key Bridge, crew members called in a distress signal. The crew told authorities that they had lost power on the ship and were in trouble, Moore told reporters.

Persons: Wes Moore, Moore, —, deadlier, Francis Scott Key, " Moore, Chris Van Hollen, Paul Wiedefeld Organizations: Maryland Gov, Service, Maryland, Amazon, Fedex Locations: Baltimore, Maryland, Singapore, Patapsco

☆ You may have to pay more at checkout when using your Visa or Mastercard
▼ + stars: | 2024-03-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Visa and Mastercard settled with US retailers over credit card swipe fees. The agreement allows retailers to negotiate card fees directly with the credit card companies. AdvertisementAfter nearly two decades of litigation, Visa and Mastercard have reached a massive antitrust settlement with US retailers capping credit card swipe fees. The agreement, which is still subject to court approval, will make Visa and Mastercard transactions cheaper for retailers and for some consumers. Some customers who use certain brands like Chase Sapphire Reserve may see higher fees at checkout, according to Bloomberg.

Persons: — Organizations: Visa, Mastercard, Service, Chase, Bloomberg, Business

☆ It's a date: Trump's first felony trial will be April 15
▼ + stars: | 2024-03-25 | by ( Laura Italiano | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Trump was in court in Manhattan when he learned his hush-money trial date: April 15. AdvertisementA Manhattan judge has set an April 15 date for jury selection in Donald Trump's hush money case, the GOP presidential frontrunner's first of four criminal trials. Trump and his legal team must appear in court each day of the approximately six-week trial on 34 felony counts of falsifying business records. Now the trial date is finally set. Related storiesThe payment was recorded in Trump's business records as routine legal fees paid to his then-personal attorney Michael Cohen.

Persons: Trump, —, Donald Trump's, frontrunner's, Juan Merchan, Stormy Daniels, Michael Cohen, Attorney Alvin Bragg, Daniels, Cohen, Merchan Organizations: Service, GOP, New, Trump, Trump Organization, Manhattan, Attorney Locations: Manhattan, York City, Georgia

☆ Boeing's outgoing CEO says the company needs to 'slow down' after Alaska Airlines incident
▼ + stars: | 2024-03-25 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Boeing CEO Dave Calhoun told CNBC the company needs to slow down and put safety before speed. Calhoun announced Monday he will be stepping down from the planemaker by the end of the year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing has been mired in a quality control crisis, and even the company's outgoing CEO says that it has a culture of rushing production. Boeing CEO Dave Calhoun announced in a letter to staff on Monday that he would be stepping down from the company by the end of the year.

Persons: Dave Calhoun, Calhoun, — Organizations: CNBC, FAA, Service, Boeing, Alaska Airlines Boeing, Max, Business

☆ King Charles said he 'remained in the closest contact' with Kate Middleton while they were in the hospital together
▼ + stars: | 2024-03-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Read previewKing Charles III is staying close with Kate Middleton as both royals grapple with cancer. Just last month, King Charles was diagnosed with cancer after undergoing a prostate procedure. Related storiesThe king and princess were both treated during the same period at The London Clinic in January, according to the BBC. "This of course came as a huge shock," Kate, 42, said in her video message, which was filmed on Wednesday by BBC Studios. AdvertisementThe Buckingham Palace spokesperson added that King Charles is "so proud of Catherine for her courage in speaking as she did," according to People.

Persons: —, Charles III, Kate Middleton, King Charles, Queen Camilla, Kate, Catherine, she's Organizations: Service, Business, London Clinic, BBC, BBC Studios Locations: Buckingham

☆ DoorDash is testing drone delivery at a single Wendy's location in a small Virginia town
▼ + stars: | 2024-03-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

DoorDash is launching a drone delivery pilot program in the US. But the test market is small: just one Wendy's location in the small town of Christiansburg, Virginia. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . DoorDash announced on Thursday that it's launching a drone delivery pilot program in the US, the platform's first in the country. But it'll be starting with a very small test group — just one Wendy's location in the small town of Christiansburg, Virginia.

Persons: DoorDash, —, it'll Organizations: Service, Business Locations: Christiansburg , Virginia, Australia

☆ Billionaire Gautam Adani got rich off coal. Now his company is building a green energy plant the size of Chicago.
▼ + stars: | 2024-03-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Coal billionaire Gautam Adani is building the world's largest power plant, and it's all renewable. Adani's nephew, who's in charge of the project, says there's "no choice" but to go big on green energy. Still, the Adani Group makes 62% of its revenue from fossil fuel. Adani Green Energy Limited (AGEL) is building the solar and wind power plant in a salt desert in the western Indian state of Gujarat. AGEL is the clean energy unit of the Adani Group, the biggest coal miner and importer in India founded by billionaire Gautam Adani in 1988.

Persons: Gautam Adani, who's, Adani Organizations: Adani, Service, Green Energy, Forbes, Business Locations: Belgium, Chile, Switzerland, Chicago, Gujarat, AGEL, India, Asia

☆ Wait, people are still using asbestos? The EPA has finally ordered them to stop.
▼ + stars: | 2024-03-19 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

The EPA announced a ban on the remaining uses of asbestos, a known carcinogen. Some industries still use asbestos in products like car brakes and sheet gaskets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Environmental Protection Agency (EPA) announced on Monday that it was banning all remaining uses of the deadly carcinogen. This story is available exclusively to Business Insider subscribers.

Persons: —, You've Organizations: EPA, Service, Environmental Protection Agency, Toxic, Business

☆ Realtor's settlement means buyers might save money on their new homes, but they'll be doing more work themselves
▼ + stars: | 2024-03-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Buyers' agents will no longer charge 6% commission fees for helping buyers purchase a house. However, the lowered commissions may mean buyers have to do more work themselves. And while the new rules around Realtors' commission fees mean buyers may save thousands of dollars on their homes, they may also end up doing more work themselves to find and purchase new houses. Other sellers, the outlet reported, won't offer any commission to pay a buyer's agent at all in a process called decoupling. If the seller doesn't shell out for the buyers' agent fees, as real estate transactions have typically been structured, this will leave the buyer's agent commission negotiations — and potentially the out-of-pocket payment for their fees — up the the buyer.

Persons: Buyers, —, Robby Braun, Cohen Milstein Sellers, Toll, they're, Toby Schifsky, Kaplan, BI's Grace Eliza Goodwin Organizations: National Association of Realtors, Service, Realtors, Street, Washington Post

☆ Nvidia is kicking off its big AI event at a sports arena. Here's how to watch.
▼ + stars: | 2024-03-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Nvidia CEO Jensen Huang is kicking off the "Woodstock of AI" in a keynote speech Monday. Analysts predict Nvidia will reveal new graphics processing chips that could transform the AI industry. AdvertisementNvidia is kicking of its massive AI event at a California sports arena on Monday. The event has been dubbed the "Woodstock of AI" and Nvidia CEO Jensen Huang is its rockstar headliner. The hype surrounding Huang's speech, and what he will reveal about the future of AI technology, is enormous.

Persons: Jensen Huang, —, Jensen, hough, ike C, penAI's Organizations: Nvidia, Service, rockstar, GPU Technology Conference, Wall Locations: Woodstock, California, San

☆ Sam Altman said he'd 'pick a different name' for OpenAI if he could go back in time
▼ + stars: | 2024-03-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewSam Altman suggested OpenAI may not be the most ideal name for the artificial intelligence company — at least in hindsight. "We started off just thinking we were going to be a research lab and having no idea about how this technology was going to go," Altman told Fridman. "This was before we had any idea about an API or selling access to a chatbot," Altman said on the podcast. But Altman told Fridman that he doesn't really understand what Musk's "real motivations" are. "Speaking of going back with an Oracle, I'd pick a different name," Altman told Fridman.

Persons: —, Sam Altman, OpenAI, Elon Musk, Lex Fridman's, Altman, Fridman, Musk Organizations: Service, Elon, Business, Oracle

☆ Home prices could go down now that the biggest group of real-estate agents agreed to lower commissions
▼ + stars: | 2024-03-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

The National Association of Realtors said it'd reduce commissions as part of a $418 million settlement. Cut commissions could lead to lower home prices but may force some agents out of the industry. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe entire real-estate industry could shift in homeowners' favor, thanks to a settlement by one of the most powerful groups of real-estate agents in the country. In a major win for consumers, it also agreed to amend its rules on commissions, The New York Times, which obtained a copy of the signed agreement, reported.

Persons: — Organizations: National Association of Realtors, Service, New York Times, Business

☆ Tim Cook's comments about iPhone sales in China just cost Apple $490 million
▼ + stars: | 2024-03-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Apple has agreed to pay $490 million to settle a 2019 class-action lawsuit from shareholders. The lawsuit alleged CEO Tim Cook made false comments about China sales in a 2018 earnings call. Apple denied wrongdoing, saying it agreed to the settlement to prevent further litigation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementComments Apple's CEO Tim Cook made years ago have just cost the company a boatload of money.

Persons: Tim Cook, — Organizations: Apple, Service, Reuters, Business Locations: China, California

☆ Elon Musk shared an unverified post about Haiti that his own company had to remove
▼ + stars: | 2024-03-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

X took down a clip Elon Musk shared that purported to show cannibalism in Haiti. Experts have dismissed unverified claims that cannibalism is spreading in Haiti amid its humanitarian crisis. Musk has tied the unverified cannibalism rumors to concerns over immigration. X, formerly known as Twitter, reportedly took down a post that Musk re-shared this week because it violated the platform's rules. The NBC article specifically referred to posts from Musk and conservative personalities promoting unverified claims about cannibalistic gangs in Haiti.

Persons: X, Elon Musk, Musk, — Organizations: Service, Twitter, NBC Locations: Haiti

☆ 'Inception attacks' on Meta VR headsets can trap users in a fake VR environment, researchers found
▼ + stars: | 2024-03-13 | by ( Grace Eliza Goodwin | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Researchers have exposed a potential security vulnerability in Meta's VR headsets, a new study says. The so-called "inception attack" allows an attacker to spy on and control a user's VR environment. The headset also had to be in developer mode, which the researchers said many Meta Quest users keep enabled in order to get third-party apps, adjust resolution, and take screenshots. Researchers created cloned versions of the Meta Quest Browser and VRChat app. AdvertisementTo test the inception attack process with real people, researchers had 27 study participants interact with VR headsets while they carried out the attack.

Persons: —, Mark Zuckerberg, Zuckerberg, what's, Meta Organizations: VR, Service, University of Chicago, Apple Vision Pro, MIT Technology, Meta, Business

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