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Did the Rock & Roll Hall of Fame (Gasp) Get It Right?
  + stars: | 2023-05-05 | by ( ) www.nytimes.com   time to read: +2 min
Dear listeners,I don’t have much reverence for the Rock & Roll Hall of Fame — a shadowy and arbitrary institution founded by record executives and music industry influencers who have historically hewed to a pretty narrow definition of rock ’n’ roll. However, this year’s inductees, which were announced earlier this week, represent one of the strongest classes in recent memory. “Rock ’n’ roll is not an instrument; rock ’n’ roll is not even a style of music,” he said. “Rock ’n’ roll is a spirit. Rock ’n’ roll is not conforming to the people who came before you, but creating your own path in music and in life.”
In “Common Ground,” Ms. Anderton, 60, makes the point that while Los Angeles may seem like a sprawling breeding ground of American dream houses set in gardens, it has an equally compelling history of shared real estate that continues to this day. Perpetual sunshine has allowed the city’s multifamily housing to be opened to courtyards and parks and festooned with exterior staircases and balconies, breaking the stolid blocks of traditional apartment houses and fostering social connections. As contemporary architects and developers work to relieve Los Angeles of its vicious housing scarcity — almost 42,000 people in the city are currently unhoused — “Common Ground” shows examples of affordable multifamily buildings that look like anything but. Real estate development is never a walk in the park, but because some relief from the city’s draconian restrictions is granted to creators of affordable housing, this area has attracted design innovators working with progressive developers who are committed to righting decades of inequities created by exclusionary housing policies. For this reason, many of the projects that “Common Ground” highlights make the most out of the least: those with oddly shaped lots, peripheral locations and components produced in factories.
And while famous rice dishes such as sushi, fried rice and paella are among the most prominent in the global spotlight, there are so many more rice recipes out there to put on your radar – and seek out on your travels. Wali wa kukaanga, KenyaWali wa kukaanga is Kenya’s answer to fried rice, and translates to just that in Swahili. So it’s no surprise that the Polynesian island country’s most popular rice dish, alaisa fa’apopo, has ties to the coconut, too. Thai fried rice (Khao Pad), ThailandThai fried rice uses the layering of flavors that's characteristic of the country's cuisine. ArenaCreative/Adobe StockWhen it comes to fried rice, the Chinese version tends to steal the spotlight.
Former Facebook chief technical officer Mike Schroepfer is launching a climate venture capital investment firm, Gigascale Capital, on Tuesday. He told CNBC he is personally motivated to fight climate change and believes this is an inflection point in the industry. As Schroepfer started speaking with the community of climate change innovators and entrepreneurs, he was being asked how to hire, how to scale companies and how to solve technical problems. In addition to his philanthropic climate work, Schroepfer invested in more than a dozen climate startups as an angel investor, he said. That combination of growing demand, or market preparedness, and a bubbling pool of innovation, or technological preparedness, activated Schroepfer's "spidey sense," he said.
James Stavridis, a retired Navy Admiral, is leading a new leadership program for Carlyle partners. Now, he's leading a new training course for the firm's partners called the Admiral Leadership Program. James Stavridis, a retired four-star Admiral, served in the Navy for 37 years before joining Carlyle in 2018. Inside Carlyle's first training program for partnersAbout 15 partners at Carlyle, from ESG to credit and tech, are participating in the Navy admiral's leadership program. Anna Tye, a partner on Carlyle's technology investing team, is also part of the leadership program.
The country's antitrust regulator said on Wednesday that Microsoft's commitment to offer access to Activision's multi-billion dollar "Call of Duty" franchise to leading cloud gaming platforms would not effectively remedy its concerns. The gaming company also reported quarterly results on Wednesday, a day earlier than scheduled, beating quarterly bookings estimates although that seemed to do little to allay investor concerns about Britain's move. Europe will decide on the Activision deal by May 22. The CMA said the cloud gaming market was forecast to be worth 11 billion pounds ($13.7 billion) globally by 2026. The CMA said Microsoft had an estimated 60%-70% of global cloud gaming services as well as competitive advantages including owning Xbox, PC operating system Windows and cloud provider Azure.
The country's antitrust regulator said on Wednesday that Microsoft's commitment to offer access to Activision's multi-billion dollar "Call of Duty" franchise to leading cloud gaming platforms would not effectively remedy its concerns. Microsoft announced its Activision bid in January 2022 to boost its firepower in a video gaming market led by Tencent (0700.HK) and Sony (6758.T). Europe will decide on the Activision deal by May 22. The CMA said the cloud gaming market was forecast to be worth 11 billion pounds ($13.7 billion) globally by 2026. The CMA said Microsoft had an estimated 60%-70% of global cloud gaming services as well as competitive advantages including owning Xbox, PC operating system Windows and cloud provider Azure.
A Commodity Futures Trading Commission official said Tuesday that she hopes to find a "path forward" in the regulator's legal battle with crypto exchange Binance, noting that no decision has been taken yet on whether to settle the case or take it to court. Kristin N. Johnson, commissioner at the CFTC, said that the regulator has been in conversations with Binance to address its concerns about the company's conduct. And I want to say that typically, in the context of any litigation, we are always ready to have conversations and typically even ahead of the litigation," Johnson said in an interview with CNBC's Arjun Kharpal Tuesday. "As of the moment, we can conclude that there is not an immediate path forward," she added. Her comments mark a rare statement on the Binance suit to media since the CFTC first announced it was suing the company on Mar.
Corporate Tech Leaders Get Back to Basics
  + stars: | 2023-04-24 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: 1 min
“It’s all about balancing priorities across both keeping the lights on, as well as new innovations, in order to support business needs,” said Sharmeelee Bala, Chief Information Officer at JCPenney. Photo: Krisztian Bocsi/Bloomberg NewsThe era of the unicorn chief information officer is over, executive recruiters say. Many companies are now looking for IT chiefs who can deliver on the basics—including uptime, security and cost optimization—rather than tremendous innovators who can push boundaries and drive major change. To blame are tighter budgets, lower appetite for risk and a realization that some companies haven’t done a great job of keeping their foundational IT investments in order in the first place, recruiters said. The shift is a natural symptom of the economic cycle, they said.
The Food and Drug Administration on Wednesday approved sales without a prescription of the nasal spray Narcan to reverse opioid overdoses, a decision that promises to significantly expand access to the lifesaving treatment. The FDA's decision means people will be able to buy the 4 milligram nasal spray in supermarkets, convenience stores, gas stations, vending machines and online. FDA Commissioner Dr. Robert Califf, in a statement, said the agency is encouraging the company to make the nasal spray available as soon as possible at an affordable price. The nasal spray must be administered as soon as an overdose is suspected. Two nasal spray devices typically come in a single package.
Growth stocks have been enjoying a rebound after a miserable 2022. And the tech sector in particular — a favorite among investors seeking exposure to growth stocks — has been a bright spot amid the banking turmoil. "As a growth manager … one of the things we're trying to think about is, how do you identify good growth businesses?" He said one of the biggest risks of growth investing is paying too much today for future growth. Future growth is very difficult to predict, he said, adding that historical growth isn't particularly indicative of future growth.
NVDA 1Y line Nvidia's business model centers around selling high-performance graphics processing units that are essential for running the algorithms behind artificial intelligence technologies. While Mortimer acknowledged that Nvidia is currently his most expensive holding in the $580 million Guinness Global Innovators Fund, he expects data center and cloud computing sales to continue rising. The fund manager also pointed toward Nvidia's profitability advantage relative to its peers as a reason to own the stock. According to Mortimer, this rare feature gives it an edge over competitors who may struggle with balancing these two factors. Mortimer joined Guinness Global Investors in 2006 and also manages the $3.8 billion Guinness Global Equity Income.
Moderna plans to raise the list price of its vaccine 400% to $130 when the shots are sold on the private market as early as this fall. Moderna CEO Stephane Bancel on Wednesday defended the company's plans to hike the price of its Covid shots fivefold, deflecting pressure at a Senate hearing to abandon the increase while taking barbs over his compensation. Chairman Bernie Sanders, I-Vt., questions Stephane Bancel, CEO of Moderna, during the Senate Health, Education, Labor and Pensions Committee hearing titled Taxpayers Paid Billions For It: So Why Would Moderna Consider Quadrupling the Price of the COVID Vaccine? He told the committee that the Covid vaccine market is changing substantially as the U.S. government stops buying and distributing the shots for the entire country. The Covid vaccine remains Moderna's only product on the market at the moment.
Moderna's CEO, Stephane Bancel, is testifying Wednesday before the Senate health committee on pricing of the company's Covid-19 vaccine. The Boston biotech company plans to charge $130 per dose once the vaccination program moves to the private market as early as this fall. Sen. Bernie Sanders, I-Vt., chair of the health committee, slammed Moderna in a letter to Bancel in January, calling the price hike "outrageous." Learn more and register today: http://bit.ly/3DUNbRoAfter Sanders sent the letter, Moderna said it will create an assistance program to keep the vaccine free for people who are uninsured or underinsured. People who have Medicare, Medicaid or private insurance should still receive the shot at no cost, but Sanders said the price increase "will cost taxpayers billions of dollars."
A federal judge in Texas may try to invoke an obscure 19th-century law called the Comstock Act to roll back mail delivery of the abortion pill mifepristone. His rationale could hinge in part on the Comstock Act. The anti-abortion group's attorneys argued that the Comstock Act and other laws ban mail delivery of mifepristone. The Comstock Act has not been enforced in decades, said Rachel Rebouche, an expert on reproductive health law at Temple University. Congress passed the Comstock Act in 1873 after an anti-vice crusader named Anthony Comstock successfully lobbied lawmakers to declare "obscene" materials as not mailable.
A fungus that is often resistant to drugs has spread at an "alarming rate" through health-care facilities in the U.S., according to the Centers for Disease Control and Prevention. Candida auris is an emerging fungus that is serious and potentially fatal for hospitalized patients, particularly those with multiple medical problems. California, the mid-Atlantic region, the Midwest, Texas and Florida had growing transmission during that time, according to the CDC. The fungus has spread most in long-term care hospitals for people who have serious medical conditions and need ongoing treatment, according to the CDC. A 2021 CDC report found that mortality in two outbreaks of the fungus that was resistant to echinocandins was 30% over 30 days.
Fund manager Ian Mortimer will explain how he selects high-yielding companies and identifies growth stocks while avoiding the hype. He joined Guinness Global Investors in 2006 and manages the Guinness Global Equity Income Fund and the Guinness Global Innovators Fund. Join CNBC Pro Talks on Wednesday, March 22 at 6:30 a.m. GMT / 2:30 p.m. SGT / 2:30 a.m. He joined Guinness Global Investors in 2006 and manages the Guinness Global Equity Income Fund and the Guinness Global Innovators Fund. Join CNBC Pro Talks on Wednesday, March 22 at 6:30 a.m. GMT / 2:30 p.m. SGT / 2:30 a.m.
President Joe Biden on Monday signed legislation requiring the Office of the Director of National Intelligence to declassify information on any possible links between a lab in China and the origins of the Covid-19 pandemic. Director of National Intelligence Avril Haines now has 90 days to declassify all information on possible links between the Wuhan Institute of Virology and the origin of Covid. The Federal Bureau of Investigation has also concluded that the pandemic likely began with a lab incident in Wuhan, China, the agency's director Christopher Wray told Fox News. The pandemic began three years ago in Wuhan, China, though it's still unknown how Covid spread to people. The intelligence community was divided in a 2021 report ordered by Biden that reviewed information on the pandemic's origins.
These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.
Hong Kong CNN —Rapper and entrepreneur Snoop Dogg is expanding his business empire yet again, this time branching out into a line of premium coffee products with beans sourced locally from Indonesia. “My relationship with coffee goes way back,” Snoop Dogg, whose real name is Calvin Broadus, said in the statement. “The many long nights in the studio making hit after hit, coffee provided the fuel which kept us going. Snoop’s coffee beans will be sourced from Gayo, a region in Aceh on the island of Sumatra. In addition to releasing more than a dozen studio albums and receiving multiple Grammy nominations as a rapper, Snoop Dogg has been expanding his business empire.
The Alliance For Hippocratic Medicine wants Judge Kacsmaryk to nullify the FDA's medical approval of mifepristone, which would effectively ban the abortion pill across the US. Senate Judiciary Committee | YouTubeA Texas judge will soon issue a pivotal ruling in a closely watched case challenging the Food and Drug Administration's approval of the abortion pill mifepristone. It's also possible that Kacsmaryk could order the agency to impose tighter restrictions on access to mifepristone but stop short of completely halting sales. Abortion rights groups and legal experts expect the judge will rule against the FDA in some form. Possible injunctionIf Kacsmaryk issues an order to withdraw mifepristone from the market, there are several ways such a ruling could be drafted.
Laurence "Larry" Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Chin | Bloomberg | Getty ImagesAsset managers like BlackRock are not "the environmental police," Larry Fink said in his annual chairman's letter to investors, which was published on Wednesday. In fact, it's hard to find a part of our ecology – or our economy – that's not affected," Fink wrote. Blackrock has customers who want to invest in the energy transition and others who do not, Fink said, and Blackrock serves both types. BlackRock is investing in natural gas pipelines, with efforts made to mitigate methane emissions from those natural gas pipelines, Fink said.
In the short-term, regulators have found a solution for Silicon Valley Bank depositors and, we hope, calmed the fears of a wider run on regional banks. The much admired U.S. system for producing innovation has just received a body blow, and the turmoil that led to the death of Silicon Valley Bank isn't over. Silicon Valley Bank, founded in 1983, was born in a time when Silicon Valley was a synonym for "tech" and "innovation." SVB was the crown jewel of banks and the venture capital industry, not just in Silicon Valley, but globally. It's easy to picture these as large firms, and a tiny handful of famous venture firms have hundreds of employees.
Erin Hooley | Tribune News Service | Getty ImagesSenate Democrats called on Walmart , Costco , Albertsons and Kroger to sell the prescription abortion pill mifepristone and clearly let customers know how to get it at their pharmacies. The companies have not publicly stated yet whether they plan to sell mifepristone at their pharmacies. The 17 senators told Walmart CEO Doug McMillon, Costco CEO Craig Jelinek, Albertsons CEO Vivek Sankaran and Kroger CEO Rodney McMullen that they are frustrated the companies have not yet publicly indicated whether they will sell mifepristone. Major retailers in the U.S. have been thrust in the middle of the nation's deep divisions over abortion as they weigh whether to sell mifepristone. Walgreens has come under fire after it told the GOP attorneys general that it would not sell mifepristone in their states.
The Alliance For Hippocratic Medicine wants Judge Kacsmaryk to nullify the FDA's medical approval of mifepristone, which would effectively ban the abortion pill across the US. But Kacsmaryk asked the attorneys to not to publicize the hearing, citing security concerns. Those present at the Friday conference call included lawyers from the Justice Department, the abortion pill maker Danco Laboratories, and a group that opposes abortion called the Alliance Defending Freedom. A group of physicians who oppose abortion called the Alliance for Hippocratic Medicine asked Kacsmaryk in November to order the Food and Drug Administration to withdraw its approval of the abortion pill mifepristone. The abortion pill has become the central flashpoint in the legal battle over access to abortion in the wake of the Supreme Court's ruling that overturned Roe v. Wade last June.
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