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☆ John Oliver was right — the Conservative Party just faced an epic wipeout at the polls
▼ + stars: | 2024-07-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewIt's not quite the "extinction-level event for the Tories" that John Oliver predicted, but the Conservative Party did suffer a bitter defeat in Thursday's UK general election. This story is available exclusively to Business Insider subscribers. At the July 4 polls, the Conservative Party suffered a massive defeat at the hands of its rivals, Labour. UK Prime Minister and Conservative Party leader Sunak conceded defeat to Labour leader Kier Starmer early Friday morning. Representatives for Oliver did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, John Oliver, Oliver, that's, Brexit, David Cameron, Theresa May, Boris Johnson, Liz Truss, Rishi Sunak, weirdos, Conservatives who've, Sunak, Kier Starmer Organizations: Service, Conservative Party, Thursday's, Business, Tories, Conservative, Conservatives, Labour, Prime, Business Insider Locations: Britain

☆ Spain 2 Germany 1: Mikel Merino’s late, late winner dumps out Euro 2024 hosts
▼ + stars: | 2024-07-05 | by ( Dermot Corrigan | ) www.nytimes.com time to read: +18 min

Spain thought they had beaten Germany after Dani Olmo’s 51st-minute finish to a fine team move. Having beaten the hosts in dramatic fashion, some will now consider Spain the favourites to win Euro 2024. Spain had never previously beaten a host nation in a knockout tie at either a World Cup or European Championship. What Germany had to remember was that De la Fuente’s Spain are far more versatile in the way they play. His final game in professional football was mixed.

Persons: Dani Olmo’s, Julian Nagelsmann’s, Florian Wirtz, Manuel Neuer, Mikel Merino, Dermot Corrigan, James McNicholas, Mark Carey, Sebastian Stafford, Bloor, They’d, Merino, tonight’s, Maximilian Mittelstadt, Toni Kroos, Carl Recine, Tom, Marc Cucurella, Kroos, Pedri, Lamine Yamal, …, Martin Rickett, Yamal Pedri, Luis de la Fuente, Anthony Taylor’s, Taylor, Antonio Rudiger, Robin Le Normand, Germany’s Emre, Rodri, Jamal Musiala, Le Normand, Dani Carvajal, Carvajal, Rudiger, Robert Andrich, Alvaro Morata, Unai Simon, Ilkay, Fabian Ruiz, Simon, Nico Williams —, Aymeric Laporte, Jonathan Tah, —, Olmo, Dani Olmo 🇪🇸 h, Bo, ove, Ger, abi l, hal f, sid, bac, dou, tod, tim e, Rea, bui, hal, ed pre, bea Organizations: European, Croatia, Georgia, Olmo, France, Barcelona, UEFA, Manchester City, la, Germany, Sunday, pla, DFB, cri, usu, Spa Locations: Spain, Germany, Stuttgart, tonight’s Portugal, Berlin, Bloor, Real Madrid, Yamal, It’s, Spain’s, goa, abo, Wil

☆ SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
▼ + stars: | 2024-07-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +7 min

The rise of the internet and of Yahoo pushed SoftBank's stock to a peak closing price of 10,111.1 yen on Feb. 18, 2000. After lingering near then-record highs in March 2021, SoftBank's stock fell sharply, alongside other global tech stocks. "Softbank Vision Fund had to write down various investments due to a combination of equity values declining and a tougher private financing environment. Dan Baker, senior equity analyst at Morningstar, said a lot of SoftBank's price appreciation comes down to Arm. Baker said the SOTP valuation remains just under 50% this year, meaning SoftBank's stock does not truly reflect the value of its various businesses and investments.

Persons: Kosuke Okahara, Masayoshi Son, Softbank, SoftBank, Son, Oliver Matthew, Paul Golding, Golding, Dan Baker, I'm, Baker, " Baker, . Organizations: ARM, SoftBank, Bloomberg, Getty, Yahoo, Vision, Vision Fund, Beijing, CNBC, Macquarie U.S, Morningstar, Nikkei Locations: Tokyo, British, Japan, U.S, Alibaba

☆ They set off around the world on a motorcycle and ‘fell off many times.’ Now they’re in the record books
▼ + stars: | 2024-07-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +11 min

We didn’t know whether we’d get to the end.”Record-setting journeyOllie Gamblin and Lavi Scholl have set the record for the youngest duo to circumnavigate the globe by motorbike. Keen to take things further, the couple began planning a cycling trip around the world. The couple, known as “Lavi and Ollie” were loaned a Suzuki V-Strom 1050XT by UK dealership Motorcycle World, and Gamblin says he fell over while riding out of the parking lot. “That was really, really challenging for me,” Scholl says. They plan to head off on a UK-based riding trip so that Scholl can improve her motorcycle skills.

Persons: CNN —, Lavi Scholl, Ollie Gamblin, ”, we’d, Oliver Gamblin, “, Scholl, Gamblin, Keen, Lavi, Ollie ”, Suzuki, Strom 1050XT, Ollie, hadn't, Oliver Gamblin “, “ We’ve, ” Scholl, they’d, Elvis, ” “, Oliver Gamblin Gamblin, who’d Organizations: CNN, CNN Travel, ”, Las Vegas, Guinness World Records, UK, Google, Geographic, YouTube Locations: Morocco, Argentina, Mongolia, Las, Australia, New Zealand, Germany, England, London, “, Russia, Ukraine, France, Spain, Senegal, Brazil, South America, Bolivia, Peru, Chile, Ecuador, Colombia, Panama, North America, Las Vegas, ”, Canada, Seoul, South Korea, Vladivostok, gers, Central Asia, Kazakhstan, Europe, Dover

☆ Former Outback Steakhouse employees share the best things to order — plus what to skip
▼ + stars: | 2024-07-02 | by ( Pascale Mondesir | ) www.businessinsider.com time to read: +7 min

"I don't think I ever had a customer send one back for being too tough, too marbled, or being unsatisfied with it," she told BI. Related stories"I've never had another salad like it — it's sweet, salty, and amazing," Lee told BI. "The best dessert to order from the menu was Thunder and Lightning because it featured chocolate, strawberries, and more chocolate," she told BI. "Most of the customers ordered these three to five times during a shift," he told BI. AdvertisementShe told BI that most of the time, people sent it back to the kitchen.

Persons: —, Eric Bush, Michaela Mutell, Audria Lee, Irene Jiang, Mutell, Lee, Montell, I've, Bush, Oliver Tsang, fryer, Sydney Shrooms, Lee wasn't Organizations: Service, Business, Down, South China Morning, Getty, Sydney, Outback, Toowoomba Locations: American, Texas, New York, South

☆ Gen Z and millennials are going into debt to travel this summer. Remote working may be partly to blame.
▼ + stars: | 2024-07-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

A Forbes Advisor survey of 1,000 Americans who plan to travel in 2024 showed the post-pandemic "revenge travel" boom is in full force, despite rising inflation. The stats weren't surprising to Thomas, who told BI that this new trend could be partly attributed to the rise of remote work. Revenge travel and other loansIt's not just remote and hybrid working that may have contributed to a rise in travel spending. Travel experts previously told BI they had noticed an uptick in clients opting for luxury air travel experiences, from private jets to first-class and premium-class plane tickets. Thomas and financial expert Julie Beckham told BI that young people are likely to be influenced by peers who are showcasing their travel experiences online.

Persons: —, millennials, Zers, Credit Karma, Johannes Thomas, Thomas, Ivan Saprov, Saprov, Oliver Bell, Julie Beckham, Beckham Organizations: Service, Forbes, Business, Credit, Bank of America, BI, KPMG US, Financial Education Development, Rockland Trust Locations: Rockland

☆ England 2 Slovakia 1 – Southgate’s side scrape through, Bellingham to the rescue, tactical questions remain
▼ + stars: | 2024-06-30 | by ( Jacob Whitehead | Oliver Kay | ) www.nytimes.com time to read: +11 min

England edged past Slovakia to reach the Euro 2024 quarter-finals, but only after staring a humiliating defeat in the face. England did get the ball in the net early in the second half, but Phil Foden’s effort was ruled offside. That gave Southgate’s team a lead that they defended successfully for the remainder of extra time to retain their place in the tournament… just. AdvertisementAcross their four matches at this tournament, England showed consistent failings that have not been addressed. Peter RutzlerWas the first half England’s worst of the tournament (so far)?

Persons: Gareth Southgate’s, Ivan Schranz, Jordan Pickford, Phil Foden’s, Declan Rice, Jude Bellingham, —, Harry Kane, Jacob Whitehead, Oliver Kay, Mark Carey, Peter Rutzler, Gareth Southgate, Kyle Walker, Marc Guehi flicked, Cole Palmer, Eberechi Eze, Ivan Toney, Southgate, Carl Recine, Oliver Kay Breaking, Jude Bellingham’s, Marc Guehi, Martin Dubravka, Bellingham, Gareth Southgate England, Kieran Trippier, Trent Alexander, Arnold, Conor Gallagher, Kobbie Mainoo, Ian MacNicol, England —, Toney, Harry Kane’s, underperformance —, Kobbie, Shaun Botterill, John Stones, Ivan Schranz’s, England …, Mainoo Organizations: Slovakia, England, Switzerland, Adidas, Championship, Argentina Locations: Slovakia, England, Ruhr, ignominy, —, Dusseldorf, Bellingham, Martin, Southgate’s, Iceland, Switzerland, Gelsenkirchen

☆ Euro 2024: Germany vs. Denmark suspended after lightning and heavy rain forces players off pitch
▼ + stars: | 2024-06-29 | by ( Sam Joseph | ) edition.cnn.com time to read: +1 min

CNN —The Euro 2024 round of 16 clash between Denmark and host nation Germany was suspended after just over 30 minutes played due to what UEFA described as “adverse weather conditions” at the BVB Stadion in Dortmund. After a loud clap of thunder reverberated around the arena, referee Michael Oliver paused the game and led the players to the touchline. The players, staff and officials spent a few minutes taking shelter in the dugout before being led down the tunnel as lightning illuminated the sky in West Germany. Germany players walk off the pitch after its game against Denmark was suspended due to lightning and heavy rain. After an approximately 25-minute delay, the crowd welcomed the players back onto the pitch with a big cheer, going through a five-minute warmup before the match resumed goalless.

Persons: Michael Oliver, Schmuelgen, hailstones Organizations: CNN, UEFA, Denmark, Reuters Locations: Denmark, Germany, Dortmund, West Germany

☆ Euro 2024 day 16 – Lightning stops play, Italy’s coach goes backwards, five cruel minutes
▼ + stars: | 2024-06-29 | by ( The Athletic Uk Staff | ) www.nytimes.com time to read: +9 min

Lightning stops playAfter several days of hot weather, the skies above Dortmund’s Signal Iduna Park had been gathering throughout the evening. Thunder and lightning could be heard from afar, with the rain arriving after 32 minutes of Germany’s last-16 game against Denmark. Soon after, lightning flashes could be seen from inside the stadium, with two to three ear-splitting cracks of thunder. The suspension lasted for around 24 minutes — with preparations to restart occurring as soon as the lighting had moved out of the area. Players reemerged from their changing rooms five minutes before the resumption, and waited momentarily for groundstaff to test the pitch.

Persons: Michael Oliver, Oliver, Alex Gottschalk, Bjorn Kuipers, Alex Livesey, Jonathan Richter, Jacob Whitehead Italy, Spalletti’s, Luciano Spalletti didn’t, Spalletti, “, That’s, I’ll, ”, Masashi Hara, Italy haven’t, Strikers Gianluca Scamacca, Mateo Retegui, Giacomo Raspadori, ” Spalletti, “ It’s, Gabriele Gravina, James Horncastle, Joachim Andersen, Manuel Neuer, Christian Eriksen’s, Andersen, Thomas Delaney, Robert Andrich, David Raum’s, Kai Havertz, Kasper Schmeichel, Musiala, What’s Organizations: England, Denmark, UEFA, Getty, FC Nordsjaelland, Major League Soccer, International Broadcasting Centre, Fiat, Croatia, Albania, Strikers, Spain, Italian Football, Georgia Locations: Slovakia, Denmark, Switzerland, Italy, Germany, Turkey, Ukraine, France, England, Sweden, Danish, Real Salt, LAFC, Utah, —, ignominy, Korea, Macedonia, Gelsenkirchen, Iserlohn, Gelsenkirchen . Debutants Georgia, Portugal, Spain

☆ Opinion: Dear Joe, it’s time to go
▼ + stars: | 2024-06-28 | by ( Opinion Jay Parini | ) edition.cnn.com time to read: +6 min

CNN —Dear Joe,I write to you urgently, as your old neighbor from Scranton. You, Joe, pushed through the Safer Communities Act, which included the most significant gun control measures in nearly thirty years. But you’re an old man now, like me. You’re a man of huge integrity, Joe, and you must — you MUST — stand down. Be the great man you are, Joe, the one we’ve seen in action and admired for many decades.

Persons: Jay Parini, “ Borges, ”, Jorge Luis Borges, CNN —, Joe, I’ve, Oliver Parini, Mike Pence, you’ve, Donald Trump, Donald, Trump, Vladimir Putin, Benjamin Netanyahu, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Ruth Bader Ginsburg’s, Barack Obama, Don’t, Joe Bader Biden, You’ve, Gretchen Whitmer, Gavin Newsom, Pritzker, Jay Organizations: Middlebury College, CNN, Capitol, White, NATO, Supreme, Michigan Gov, Illinois Gov, Trump, Twitter, Facebook Locations: Scotland, Argentine, Scranton, freefall, Ukraine, Atlanta, You’re, China, Trump, California, Illinois, United States of America

☆ The Bank of Japan has to be careful with rate hikes, economist says
▼ + stars: | 2024-06-27 | 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 EmailThe Bank of Japan has to be careful with rate hikes, economist saysShane Oliver, head of investment strategy and chief economist at AMP, explains what's behind the "dilemma" that the central bank faces.

Persons: Shane Oliver Organizations: of, AMP Locations: of Japan

☆ Rivian investor day focuses on cost reductions, efficiencies and next-generation EVs
▼ + stars: | 2024-06-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Shares of the company remain off by roughly 40% this year amid significant cash burn and slowdown in EV sales. Rivian on Thursday reconfirmed its 2024 guidance that included production of 57,000 vehicles and a path to positive gross profit during the fourth quarter, including regulatory credits. It also outlined longer-term growths, such as plans to achieve positive adjusted earnings before interest, taxes, depreciation and amortization in 2027. Volkswagen is expected to use Rivian's electrical architecture and software stack for vehicles beginning in the second half of the decade, Scaringe said Tuesday. A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.

Persons: RJ Scaringe, Rivian, Scaringe, Oliver Blume Organizations: Rivian Automotive, Volkswagen Group, Volkswagen

☆ 6 signs you'll be a 'late bloomer' in your career — and how to set yourself up for a strong second act
▼ + stars: | 2024-06-27 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

AdvertisementHe said there's no universal age that makes someone a late bloomer. Instead, he defines late bloomers as "people who start doing incredible things after the point when no one expects it." Sometimes, late bloomers would find a way to use their talents in new ways. "We're always keen to compare the late bloomer with the early bloomer," he said. "But I would compare the late bloomer with the person who dies without doing their thing."

Persons: —, Henry Oliver, Jay, Vera Wang, Malcolm X, Margaret Thatcher, Oliver, Margaret Thatcher's, Frank Lloyd Wright, Katharine Graham, Samuel Johnson, bloomers, wasn't, Matthew Stockman, I'm, Audrey Sutherland, She'd, Angelou, Jack Sotomayor, you've, James Baldwin, everything's, it's, Katharine Graham's, Robert R, McElroy, stabler, We're, bloomer Organizations: Service, Business, Washington, Getty, Washington Post Locations: bloomer, Alaska, California, New York

In the biggest shock (by the FIFA world rankings) of Euro 2024 so far, Georgia defeated Portugal 2-0 to secure a place in the knockout stages in what is their major tournament debut. Georgia reached Euro 2024 — their first-ever appearance at a major tournament — after beating Greece in a playoff penalty shootout at the end of March. They had actually finished fourth in their Euro qualifying group, ahead of only Cyprus, but reached the playoffs via the Nations League route topping Group C4. Frustration was understandable, but it consumed him for the rest of the game — right until he was substituted midway through the second half, still without a goal in three appearances at Euro 2024. Going into tonight’s game, he had conceded four goals at Euro 2024 — but that was from 20 shots on target.

Persons: Roberto Martinez, Kvaratskhelia, Georges Mikautadze, Cristiano Ronaldo, —, , Willy Sagnol, ”, Steve Clarke’s, tamely, Giorgi Mamardashvili —, Sagnol, “, Tom Burrows, Ronaldo, Goncalo Ramos, Oliver Kay, Germain, Mikautadze, Diogo Costa, Joao Palhinha, Luis de la Fuente, De la, Antonio Silva, Silva, Pedro Neto, Martinez, Joao Felix, Felix, Francisco Conceicao, Conceicao, Neto, Jay Harris, Giorgi Mamardashvili, Diogo Dalot, Chris Brunskill Organizations: FIFA, Spain, Sunday, Georgia, Greece, Nations League, Athletic, ”, Scotland, Valencia, Ajax, Portugal, Paris Saint, Albania, Wolverhampton Wanderers, Barcelona, Europa League for Locomotive Tbilisi Locations: Georgia, Portugal, Slovenia, Frankfurt, France, Belgium, Turkey, Cologne, Cyprus, Germany, Czech Republic, Romania, Europe, Metz, Paris, Napoli

☆ ‘This isn’t a trial’: Wall Street Journal rips Russia’s secretive Evan Gershkovich prosecution
▼ + stars: | 2024-06-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Early Wednesday morning, at 2am ET, imprisoned Wall Street Journal reporter Evan Gershkovich’s trial commenced before a Russian court on bogus espionage charges. “WSJ Reporter Evan Gershkovich, Falsely Accused of Espionage, Is Indicted in Russia,” the headline read. “This coverage should not read or sound as if this is a legitimate process,” Cherney said, imploring other newsrooms not to legitimize the proceedings or get trapped in bothsidesism while covering the story. It could take weeks or even months for a verdict to be handed down by the Russian court. But Cherney and her colleagues at The Journal are hoping that the U.S. government will succeed in freeing Gershkovich.

Persons: Evan Gershkovich’s, Vladimir Putin, “, Evan, Emma Tucker, Elena Cherney, —, ” Cherney, Gershkovich, Evan Gershkovich, Cherney, ” Organizations: CNN, The, U.S . Locations: Yekaterinburg, Russia, bothsidesism, United States, Gershkovich

☆ Luxury air travel is on the rise. Experts say you don't have to be rich to experience it.
▼ + stars: | 2024-06-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Travel experts told Business Insider they had noticed an uptick in clients opting for luxury air travel experiences, from private jets to first-class and premium-class plane tickets. Oliver Bell, cofounder of luxury travel company Oliver's Travels, said this trend could be partly attributed to "revenge travel," where people are "willing to spend more for incredible experiences" in the aftermath of the pandemic. AdvertisementBut you don't have to be flushed with cash to experience luxury air travel. "A lot of people assume that flying private is only for the rich and famous, the Elon Musk's of the world," Bell said. For example, Surf Air is an LA-based private jet company that offers unlimited private flying memberships for $295 per month or $3,540 annually.

Persons: —, Oliver Bell, Bell, Elon, BI's Alesandra Dubin, Dubin, David Guthrie, it's, George Rose, Martina Coogan, Coogan, Guthrie Organizations: Service, Business, Forbes, Airlines, KLM, United, United Airlines, Delta's Locations: West Coast and Texas, LA, Vegas, Delta, Ireland

☆ Right-wing media figures are desperately pushing conspiracy theories about Biden ahead of the debate
▼ + stars: | 2024-06-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump’s allies in right-wing media have a problem ahead of CNN’s presidential debate: They’ve set the bar too low for President Joe Biden. That might sound like an exaggeration to those who don’t tune in to Fox News or listen to talk radio, but it has been a real and constant theme in the right-wing media universe. That’s a worry for right-wing media figures, which risk seeing their bogus narrative about Biden being ripped up in real time. One such claim boosted by Trump’s media allies is the conspiracy theory — which lacks any evidence — that the president will be on performance-enhancing supplements or drugs during the debate. While it is an absurd accusation, it is one MAGA Media is gleefully pushing, even attempting to do so on CNN’s own air.

Persons: CNN — Donald Trump’s, They’ve, Joe Biden, MAGA, Biden, That’s, Megyn Kelly, ” Kelly, Barack Obama’s, Trump, “, ” Trump, Jesse Watters, ”, Biden “, Sean Hannity, Jake Tapper, Dana Bash, Tapper, Kasie Hunt, Karoline Leavitt, Leavitt, Hunt, ” Hunt Organizations: CNN, MAGA Media, Fox News, Trump, Democratic Locations: Washington

☆ Rivian and VW join up to design vehicle software
▼ + stars: | 2024-06-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Rivian and Volkswagen Group are forming a joint venture to create vehicle software, the two companies announced Tuesday. The two automakers did not provide a name for the new joint venture company or name its leadership team. Rivian’s fundamental vehicle software design is expected to provide the basis for the new company’s software. The technologies designed by the company will include both the user-interface software that runs things like the entertainment system and gauges and deeper vehicle software that interacts with things like the vehicle’s motors. VW already has its own vehicle software subsidiary, Cariad, and that company will continue with its work, VW chief executive Oliver Blume said on a conference call.

Persons: CNN —, RJ Scaringe, that’s, ”, Scaringe, it’s, Oliver Blume, what’s, Blume, ” Scaringe Organizations: CNN, Volkswagen Group, VW, Volkswagen, Porsche’s, Porsche Locations: Georgia, Atlanta

☆ Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation
▼ + stars: | 2024-06-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. "While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump's," the economists wrote. "There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," wrote the group of politically progressive academics. Joseph Stiglitz, who won the Nobel Prize in 2001, led the effort to publish Tuesday's letter. "Nonpartisan researchers, including at Evercore, Allianz, Oxford Economics, and the Peterson Institute, predict that if Donald Trump successfully enacts his agenda, it will increase inflation," the economists wrote.

Persons: Donald Trump, Joe, Donald Trump's, Axios, Trump, Joseph Stiglitz, George Akerlof, Sir Angus Deaton, Claudia Goldin, Sir Oliver Hart, Eric Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund Phelps, Paul Romer, Alvin Roth, William Sharpe, Robert Shiller, Christopher Sims, Robert Wilson Organizations: Federal Reserve Board, Wall Street, Evercore, Allianz, Oxford Economics, Peterson Institute Locations: China

☆ In States That Won’t Pay for Obesity Drugs, ‘They May as Well Have Never Been Created’
▼ + stars: | 2024-06-25 | by ( Oliver Whang | ) www.nytimes.com time to read: +1 min

Joanna Bailey, a family physician and obesity specialist, doesn’t want to tell her patients that they can’t take Wegovy, but she has gotten used to it. Around a quarter of the people she sees in her small clinic in Wyoming County would benefit from the weight-loss medications known as GLP-1s, which also include Ozempic, Zepbound and Mounjaro, she says. The drugs have helped some of them lose 15 to 20 percent of their weight. But most people in the area she serves don’t have insurance that covers the cost, and virtually no one can afford sticker prices of $1,000 to $1,400 a month. “Even my richest patients can’t afford it,” Dr. Bailey said.

Persons: Joanna Bailey, ” Dr, Bailey Organizations: West Virginia —, West Virginia’s Public Employees Insurance Agency Locations: Wyoming, West Virginia

☆ Trade between the US and Germany is growing. Concerns over China might be driving the shift.
▼ + stars: | 2024-06-24 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Trade between the US and Germany was 63.2 billion euros in the first quarter of 2024, edging out the 60 billion euros of trade between China and Germany, according to data from the German government. AdvertisementElectric vehicles are causing riftsAutomobiles are at the center of a new dispute between China and Germany. Nearly a third of German car sales in 2023 came from China, according to Reuters, leaving the industry vulnerable to a trade war. The slump in German exports to China is a sign of vulnerability in trade relations, according to the FT. In 2022, trade between China and Germany was 50 billion euros greater than that between Germany and the US.

Persons: —, Biden, EVs, Robert Habeck, Habeck, Oliver Rakau, Martin Wolf Organizations: Service, Business, European Union, Bloomberg, European Commission, BMW, Porsche, Volkswagen, Reuters, EU, European Union Chamber of Commerce, Atlantic Council, Oxford Economics, US, Trump, Biden Locations: China, Germany, Russia, Ukraine, West, Beijing, European, materializing, Red, Europe, Brussels

☆ Exclusive: London VC fund and Depop-backer Octopus Ventures has made layoffs to its investment staff
▼ + stars: | 2024-06-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewOctopus Ventures, a London-based investment firm, has laid off 8 employees, sources have told Business Insider. Related storiesSeparate from the layoffs, Malcolm Ferguson, who led Octopus Titan VCT, has left the fund to join London firm ETFS Capital. Following the headcount reduction, the investment team across all Octopus funds totals 41 people. Octopus Ventures' portfolio includes Elliptic, Secret Escapes, ManyPets, and Peak.ai. Octopus Ventures serves as the venture arm of Octopus Group.

Persons: —, Malcolm Ferguson, Jo Oliver Organizations: Service, Business, Capital, COVID, Octopus Ventures, Octopus Locations: London

☆ Jeff Bezos is under fire at the Washington Post as patience wears thin among staffers
▼ + stars: | 2024-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —When will Jeff Bezos actually address the upheaval roiling his newsroom? “Will Lewis needs to step down for the good of The Post and the public,” wrote Higham on Facebook. But surely the billionaire understands the dire situation gripping The Post. Staffers at The Post are very much waiting for Bezos to take some meaningful form of action. In the absence of Bezos, the stories raising questions about Lewis’ ethical integrity keep coming.

Persons: Jeff Bezos, Will Lewis, Bezos, Lewis, Robert Winnett, David Maraniss, doesn’t, Scott Higham, Lewis ’, “ Will Lewis, ”, Higham, it’s, He’s, Boris Johnson, Johnson Organizations: New York CNN, Washington Post, The, Facebook, CNN, Financial Times, New York Times Locations: New York, Higham

☆ These Gen Z managers are doing things very differently — and it seems to be paying off
▼ + stars: | 2024-06-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Baker is an example of a Gen Z boss who is setting a new standard for productivity by prioritizing her team's mental health and work-life balance. Related storiesLike Hodgson, Winsbury never worked for anyone else and has never even been to a job interview. "We're also constantly pushing our team to make sure that they are having a life outside of work," Winsbury said. Fellow Gen Zers, he said, can be frustrating to work with because they have been conditioned to be impatient. Hodgson said Gen Zers "get a bad name" for being work-shy, but he doesn't think that's the whole story.

Persons: —, Raven Baker, Baker, X, who's, Raven Baker Oliver Hodgson, Hodgson, he's, Oliver Hodgson, Darren Robinson, Sam Winsbury, Winsbury, it's, We're, Daniel Hambury Jessie Urvater, Margot Adams, Jessie Urvater, Jessie Urvater Michelle Enjoli, Enjoli, Zers, I'm Organizations: Service, Business, Kurogo

☆ Washington Post will not bring in Robert Winnett as its top editor after report raised ethical questions
▼ + stars: | 2024-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Robert Winnett, the British journalist who was slated to take over as executive editor of The Washington Post, will no longer join the newspaper. Washington Post publisher Will Lewis broke the news to newspaper staffers in a memo Friday morning. “It is with regret that I share with you that Robert Winnett has withdrawn from the position of Editor at The Washington Post. After a scathing report from Washington Post staff, Robert Winnett will remain at the Daily Telegraph and will not join the Post as its new editor. Spokespersons for the Telegraph and The Washington Post did not immediately comment.

Persons: Robert Winnett, Will Lewis, Rob, ” Lewis, “, Winnett, ”, Chris Evans, “ I’m, Rob Winnett, ” “, Matt Murray Organizations: CNN, The Washington Post, . Washington Post, The Telegraph Media, Washington Post, Daily Telegraph, LinkedIn, Post, London’s Telegraph, Telegraph Locations: British

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