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☆ Terence Kawaja's adtech-focused investment bank Luma Partners may lose 3 of its partners amid a disagreement over its future direction
▼ + stars: | 2023-05-05 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Luma Partners' three partners are currently planning to exit the company, Insider has learned. It followed a disagreement with Luma Founder and CEO Terence Kawaja about the future vision for the firm. Luma Partners, the adtech-focused investment bank may lose all three of its partners following a disagreement with the company's founder, Terence Kawaja, about the future direction of the firm, Insider has learned. Kawaja's court jester style is in sharp contrast to that of Andersen, Greenbaum, and Filippini who tend to keep a lower profile. For the moment, they remain partners with Luma, which is currently working on a live M&A deal, Andersen said.

☆ Investors see big Novo Nordisk stock boost if obesity drug shows heart benefit
▼ + stars: | 2023-05-03 | by ( Maggie Fick | ) www.reuters.com time to read: +5 min

Demand for the Danish company's weight-loss treatment Wegovy is soaring in the United States, leading it to significantly raise its full-year profit and sales expectations last month. "But most insurance companies (...) may need to see that data, to definitively see the correlation between weight loss and improved outcomes." Less than 15% could put downward pressure on the stock while around 10% would be a major disappointment, some of the investors and analysts said. Booming demand and production issues have caused shortages of Wegovy though, forcing Novo to delay launching the weekly injection in most of Europe. Even with the medical benefit, investors say the company faces a challenge convincing Europe's cost-conscious health authorities to pay for the drug.

☆ Disney has a ‘strong case’ against DeSantis over his ‘retaliatory campaign,’ First Amendment experts say
▼ + stars: | 2023-04-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Disney just cast Ron DeSantis as the villain in a story of good versus evil. DeSantis responded to the lawsuit by issuing a statement through his communications director, Taryn Fenske. “It’s a serious First Amendment case,” Floyd Abrams, the renowned First Amendment attorney of Pentagon Papers fame, told me. The truth is that characterizing Disney as a creepy company that aims to morally bankrupt kids has become a mainstream position in GOP media circles. DeSantis knows this — which is why he was happy to pick this battle with the company.

☆ Wolves earn vital points in battle against drop
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +2 min

Victory put Wolves nine points clear of the bottom three places, joining Palace on 37 points and ended Hodgson’s run of three wins and a draw since returning to Palace in the wake of Patrick Vieira’s sacking last month. But it was largely a nervy night for the fans as Palace threatened to fight their way back into the game and dominated many of the exchanges. But Lokonga was firmly on his feet when he struck a point-blank shot on target five minutes before halftime, only to see the effort saved by diving Wolves keeper Jose Sa. Neves hit the resultant spot kick into the corner of the net to wrap up the win. Writing by Mark Gleeson in Cape Town; Editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

☆ UNEP chief on the $1 billion Green Climate Fund pledge and taking critical action on climate
▼ + stars: | 2023-04-21 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUNEP chief on the $1 billion Green Climate Fund pledge and taking critical action on climateTo mark Earth Day 2023, CNBC's Tania Bryer talks to Under-Secretary-General of the United Nations and Executive Director of the UN Environment Programme, Inger Andersen, about U.S. President Biden's recent $1 billion climate pledge and what more needs to be done globally to accelerate tackling the climate crisis.

SummarySummary Companies Artists' accused companies of misusing works to train AI systemsCompanies said artists failed to identify infringement(Reuters) - Stability AI, Midjourney, and DeviantArt fired back Tuesday at a group of artists who accused them of committing mass copyright infringement by using the artists' work in generative AI systems. The companies asked a San Francisco federal court to dismiss the artists' proposed class action lawsuit, arguing that the AI-created images are not similar to the artists' work and that the lawsuit did not note specific images that were allegedly misused. Representatives for Stability, DeviantArt and the artists did not immediately respond to requests for comment Wednesday. Midjourney's motion said that the lawsuit also does not "identify a single work by any plaintiff" that it "supposedly used as training data." The case is Andersen v. Stability AI Ltd, U.S. District Court for the Northern District of California, No.

☆ Upfront's Mark Suster has become the star of LA's booming startup scene. Not everyone is a fan.
▼ + stars: | 2023-04-18 | by ( Ben Bergman | ) www.businessinsider.com time to read: +29 min

"I have worked with more than 50 VCs and nobody comes close to what it is like to work with Mark Suster," said a founder backed by Suster. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit. If you're going to put him on your board, you're letting the fox guard the henhouse. "If you're going to put him on your board, you're letting the fox guard the henhouse."

The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. "We are finally starting to see the cumulative effects of the relentless rate hikes," said Peter Andersen, founder at Andersen Capital Management. US inflation, Fed rates and marketsMinutes from the U.S. central bank's policy meeting in March will also be watched closely by investors later in the day for further clues on the trajectory of interest rates. The Fed raised rates by 25 bps last month and signaled it was on the verge of pausing further rate hikes. ET, Dow e-minis were up 220 points, or 0.65%, S&P 500 e-minis were up 33 points, or 0.80%, and Nasdaq 100 e-minis were up 130 points, or 0.99%.

☆ US March CPI comes in on the cool side
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +5 min

Year to date, the CPI increased 5.0%, the smallest 12-month gain since May 2021. "The data was a little bit better than what was expected, so that tells me that the bond market is saying that the probability of this next rate hike has decreased just a little bit." "The other number that's important is the PPI number that comes out this week. That will probably change a little bit today as people digest this data, maybe even within the next half an hour or so." It weakens the argument for a pause.”“Futures are going up based on the topline number, that’s what markets are focusing on.”“Inflation is cooling down.

☆ EY calls off plan to split audit, consulting units
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

April 11 (Reuters) - Accounting firm EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses that was meant to address regulatory concerns over potential conflicts of interest. But the plan, code-named "Project Everest", faced resistance from some of EY's partners. The company said its U.S. Executive Committee decided not to move forward with the split. UK auditing and accounting regulator, the Financial Reporting Council, had asked the Big Four firms in 2020 to separate auditing as a standalone business in Britain by June 2024. Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath and Shinjini Ganguli and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ NHL roundup: Claude Giroux reaches 1,000 points in Senators' win
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +5 min

Giroux entered the game with 998 points but reached the milestone before the first intermission. Giroux followed up with a backhand shot at the 9:37 mark for his 34th goal of the season, his 1,001st career point and his 52nd career game-winning goal. Jets 6, Sharks 2Defenseman Erik Karlsson reached 100 points this season but couldn't spark his team to victory as host Winnipeg beat San Jose. Stars 6, Red Wings 1Roope Hintz had a goal and three assists to help Dallas earn a road win over Detroit. Wild 4, Blackhawks 2Marcus Johansson scored two of Minnesota's three goals over the final six minutes in its win over host Chicago.

☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

Kashtanova received a copyright in September, and declared on social media that it meant artists were entitled to legal protection for their AI art projects. Copyright Office suddenly reversed itself, and Kashtanova became the first person in the country to be stripped of legal protection for AI art. A spokesperson for the copyright office declined to comment. Copyright Office, petitioned the U.S. Supreme Court and has a patent case before the U.K. Supreme Court. REUTERS/Shannon Stapleton 1 2 3 4Meanwhile, many artists and companies that own creative content fiercely oppose granting copyrights to AI owners or users.

☆ NHL roundup: Bruins clinch league's best record
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +7 min

Pastrnak took Hampus Lindholm's feed into the offensive zone and finished with the backhand for his 53rd goal of the season. Tyler Bertuzzi scored the lone Bruins goal of regulation, tying the game in the second period. Mario Ferraro had a goal and an assist and Oskar Lindblom and Tomas Hertl also scored for San Jose. Defenseman Henry Thrun, making his NHL debut after starring at Harvard, added two assists, and James Reimer finished with 23 saves. Blues 5, Blackhawks 3Brandon Saad scored one goal and set up another as St. Louis handed host Chicago its seventh straight loss.

☆ NHL roundup: Alex Ovechkin hits 40 goals for record 13th time
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Brad Mills-USA TODAY SportsMarch 22 - On a night he was honored for passing one NHL legend, Washington's Alex Ovechkin made history by eclipsing another. Before the game, Ovechkin was honored in a 20-minute on-ice ceremony for passing Gordie Howe for second place on the all-time NHL goals list on Dec. 23. On Tuesday, Ovechkin scored his 40th goal of the season, passing Wayne Gretzky for the most 40-goal seasons in NHL history with his 13th. Barrett Hayton scored the lone goal for Arizona (27-33-11, 65 points), which saw its four-game winning streak come to an end. Alex Chiasson and Filip Zadina scored regulation goals for the Red Wings, who earned just their third victory in their last 13 games.

International researchers published a pre-print report based on their interpretation of the data on Monday, after leaks of their findings in the media last week and a meeting with the World Health Organization involving both the Chinese and international scientists. The data comprised new sequences of the SARS-CoV-2 virus and additional genomic data based on samples taken from the Huanan market in Wuhan in 2020, according to the international researchers who accessed it. "This adds to the body of evidence identifying the Huanan market as the spillover location of Sars-CoV-2 and the epicentre of the COVID-19 pandemic," said the report. As of March 11, it was no longer accessible on the database, where it was found by the international scientists, their report said. "Other raw sequencing data from environmental samples from the Huanan market exist and could contain further clues," Debarre told Reuters.

☆ Data released by China suggests COVID-19 virus may have come from raccoon dogs and 'strengthens' Wuhan wet-market theory
▼ + stars: | 2023-03-19 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

Newly released genetic data from Wuhan has found raccoon dog DNA blended with the COVID-19 virus. Since the first COVID-19 death in Wuhan on January 11, 2020, the virus has killed 6,873,477 people worldwide. This suggests that the virus may have infected the animals, according to the scientists. "We continue to call on China to be transparent in sharing data and to conduct the necessary investigations and share the results. Since the first COVID-19 death — which was recorded in Wuhan, China, on January 11, 2020 — the virus has killed 6,873,477 people around the world, according to WHO data.

☆ Carlsberg CEO’s big job is to keep glass steady
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 17 (Reuters Breakingviews) - Carlsberg’s (CARLb.CO) new boss is unlikely to tinker with the company’s corporate recipe. The $21 billion Danish brewer on Thursday named Jacob Aarup-Andersen to replace outgoing Chief Executive Cees ’t Hart. A veteran from a rival brewer might have been better placed to introduce new products, and adapt to new industry trends. However, the new boss’s finance pedigree and track record managing businesses suggests that his main job will be to implement the group’s current strategy. It aims to increase revenue by 3% to 5% annually until 2027 and boost operating profit growth above that level.

☆ Indiscriminate selling in the market a reflection of panic following SVB, says G Squared's Victoria Greene
▼ + stars: | 2023-03-15 | 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 EmailIndiscriminate selling in the market a reflection of panic following SVB, says G Squared's Victoria GreenePeter Andersen, chief investment officer with Andersen Capital Management and Victoria Greene, chief investment officer with G Squared Private Wealth, join 'Power Lunch' to discuss rate hike havoc, concerns about additional increases following the collapse of Silicon Valley Bank, and strong stocks in the banking sector.

☆ Denmark investigates yacht linked to Nord Stream blasts
▼ + stars: | 2023-03-09 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +2 min

CHRISTIANSÖ in the Baltic Sea, Denmark March 9 (Reuters) - Danish police have searched for a yacht on a tiny Baltic Sea island near the Nord Stream pipeline blast sites, the local administrator said on Thursday. German authorities confirmed on Wednesday they had raided a ship in January that may have been used to transport explosives used to blow up the pipelines. Authorities in Sweden, Germany and Denmark, who are currently investigating the blasts, say the explosions were deliberate but have not said who might be responsible. Christiansö is part of a small archipelago about 18 km northeast of the Baltic Sea island of Bornholm. The archipelago with just 98 inhabitants is a former naval fortress but remains under administration of the Danish defence ministry.

☆ Tiny Baltic island finds itself 'a pawn' in Nord Stream gas drama
▼ + stars: | 2023-03-09 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +2 min

REUTERS/Tom LittleCHRISTIANSÖ in the Baltic Sea, Denmark, March 9 (Reuters) - Inhabitants of the tiny island of Christiansö in the Baltic Sea found themselves in the glare of global media attention this week after reports alleging a boat moored off the rocky outcrop was used to blow up the Nord Stream gas pipelines. I got calls from 87 different people," island caretaker Soren Thiim Andersen, the highest authority on the island that is Denmark's easternmost point, told Reuters. Andersen told Reuters the Danish police had interviewed local people for information about boats that moored on Christiansö on Sept. 16-18. That our small island could be a pawn in such a big political game. Christiansö is part of a small archipelago about 18 km northeast of the Baltic Sea island of Bornholm.

☆ NHL roundup: Ivan Barbashev nets pair as Knights edge Canadiens
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +4 min

[1/3] Mar 5, 2023; Las Vegas, Nevada, USA; Vegas Golden Knights center Ivan Barbashev (49) celebrates after scoring a goal against the Montreal Canadiens during the first period at T-Mobile Arena. The Lightning didn't register a second-period shot on goal, going to the third period with just four for the game. It marked the sixth time in Carolina franchise history that an opponent went an entire period without a shot on goal. Flyers 3, Red Wings 1Nicolas Deslauriers, Noah Cates and Scott Laughton each scored one goal to lift host Philadelphia past Detroit. Laughton scored an empty-net goal at 18:12 of the third period in his 500th career game to seal the victory.

☆ 'Trauma entrepreneurs' are accused of using tragedy to make a profit – here's how after a recent college shooting
▼ + stars: | 2023-03-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

In the aftermath of the shooting, the MSU community joined together to support. "Unscrupulous businesses" are accused of selling unlicensed MSU items possibly under the guise of donating proceeds. "They were NOT wearing this sweatshirt design. According to the Detroit Free Press, the original sweatshirt design was that of MSU donor recognition coordinator Andersen Herminia Boyer, who made sweatshirts for herself and other members of her alumni group. "Unscrupulous businesses and individuals have engaged in selling unlicensed apparel and other merchandise.

☆ Fears of European industry exodus to U.S. may be overdone
▼ + stars: | 2023-03-03 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +6 min

However, the risks are offset not only by the substantial existing European incentives, but also other factors - such as proximity to European consumers - that many companies cite as critical in their decisions. Think tank Bruegel says EU support is already on a par with, or even larger than, IRA money. Moreover, well over half of the IRA support is for renewable energy production, with local content requirements playing a very limited role. Some executives say rather than providing more subsidies, Europe needs to simply improve the way they are given. The United States is not a panacea for European firms, not least due to questions about what approach the next U.S. administration might take.

☆ NHL roundup: Connor McDavid's historic multi-goal streak hits 5
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +4 min

McDavid has scored two goals in each of the past five games and has an NHL-leading 52 for the season. Klim Kostin and former Maple Leaf Zach Hyman added a goal and an assist for the Oilers, who had lost their previous two games. Mitchell Marner logged a goal and an assist for the Maple Leafs, who had a three-game winning streak end. Owen Tippett and Scott Laughton scored one goal apiece for the slumping Flyers, who have dropped four in a row. Jordan Staal and Martin Necas scored goals for Carolina, which took its second straight loss.

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