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☆ Arm, a British Chip Designer, Juggles Challenges Before 2023’s Biggest I.P.O.
▼ + stars: | 2023-09-12 | by ( Don Clark | ) www.nytimes.com time to read: +1 min

He reports to Masayoshi Son, the head of SoftBank, which owns Arm and plans to sell a portion of the British company this week in the year’s biggest initial public offering. And Mr. Haas must juggle the demands of more than 200 companies that use Arm’s technology. Ten of the biggest — including Apple, Google, Samsung and Nvidia — have been negotiating for stakes in the highly anticipated Arm offering as artificial intelligence drives explosive demand for more powerful chips. “It’s only going to get more and more complex,” Mr. Haas said in a speech in May at a trade show in Taiwan. How Arm performs will also influence the market for public listings, which has been quiet for much of the year.

Persons: Rene Haas, Masayoshi, Rishi Sunak, Haas, It’s, Mr, “, I’ve Organizations: Officials, Apple, Google, Samsung, Nvidia Locations: British, Beijing, Washington, Taiwan

☆ Satellite Data Yields Clues to Morocco’s ‘Blind Earthquake’
▼ + stars: | 2023-09-12 | by ( Maya Wei-Haas | ) www.nytimes.com time to read: +1 min

Just before sunrise on Monday, a satellite peered down on regions of Morocco that had been damaged by an earthquake Friday night. The data it gathered from 430 miles above Earth is offering scientists critical clues that will help unravel the mechanics behind the quake, including pinning down the specific fault that ruptured. Key data came from Sentinel-1a, one of a group of satellites launched by the European Space Agency that pass around the Earth every 12 days, mapping out the surface. The satellite relies on radar to measure tiny shifts in the ground toward or away from the orbiting craft, said Tim Wright, a geophysicist at the University of Leeds in England. The technique is known as InSAR and allows scientists to compare the data collected before and after the quake to assess the three dimensional movement of the land around a fault with almost millimeter accuracy.

Persons: Tim Wright, Judith Hubbard, Kyle Bradley Organizations: Sentinel, European Space Agency, University of Leeds, Cornell University Locations: Morocco, England

“They have nowhere they can go back to,” Mr. Choula said of his family, who spent Saturday night sleeping in a field with several other families. Some are rallying together to send funds and organize shipments of supplies for survivors while others are heading home to help on the ground. But Mr. Dehy said he had received dozens of calls from Moroccans who want to immediately send help home. For Moroccans watching from afar, “the only thing that helps them is knowing that they helped, that they didn’t just stand idly by,” Mr. Dehy said. Mr. Choula, 41, said he was gathering money to send home.

Persons: Youssef Choula, “, ” Mr, Choula, ”, Latif Dehy, Dehy, —, Ella Williams, Talat N’yakoub, It’s, “ I’ve, Williams Organizations: “, French, of, British Moroccan Society Locations: Gloucestershire, England, Marrakesh, Amizmiz, Moroccan, Avignon, France, Morocco, Europe, Britain, ”

Residents fleeing their homes in Moulay Brahim, a village near the epicenter of the quake, outside Marrakesh, Morocco, on Saturday. “The current tectonic stresses are therefore only part of the story,” Dr. Hubbard said. Historical earthquakes offer few answers to that question, according to Dr. Hubbard. Another challenging detail to study is an earthquake’s depth, Dr. Hubbard said. The shaking from a deeper earthquakes may not be as strong, but it can be felt across a wider swath of the surface, Dr. Hubbard said.

Persons: Judith Hubbard, ” Dr, Hubbard, ”, Jascha Polet Organizations: Saturday, Earthquakes, San, Cornell University, Geological, Seismological, California State Polytechnic University Locations: Moulay Brahim, Marrakesh, Morocco, Africa, Africa’s, Pacific

☆ The Natural-Born Diplomat Behind This Year’s Biggest IPO
▼ + stars: | 2023-09-09 | by ( Asa Fitch | Corrie Driebusch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/arm-ipo-ceo-rene-haas-nvidia-chips-addfbb19

Persons: Dow Jones, rene, haas Organizations: nvidia

The earthquake that struck Morocco on Friday night hit near Marrakesh, a popular tourist destination, sending both residents and visitors scrambling for safety. “We didn’t know if we had to stand up, to sit down, to run,” Mr. Ait Chari said. Ms. Lorang and hundreds of others found refuge in a courtyard, where some brought out rugs and blankets to sleep. “It was very chaotic.”Mr. Ait Chari, the tour guide, said he was supposed to pick up more clients on Sunday but was unsure flights would be maintained. Many people were still in shock, he said, but there had also been “great solidarity,” as residents cleared roads.

Persons: “, Jen Lorang, ” Ms, Lorang, “ I’ve, Mr, Ait, ”, Jean, Baptiste Guinet Organizations: Big, ”, UNESCO, Heritage, Tourism, Organization for Economic Cooperation, Development Locations: Morocco, Marrakesh, Ait Chari, Massachusetts, Seattle, San Francisco, ” Morocco, Agadir, ”, Taroudant

☆ I throw parties at sea for a living. Here's what it's like sailing the world as a cruise director for Royal Caribbean.
▼ + stars: | 2023-09-08 | by ( Claire Turrell | ) www.businessinsider.com time to read: +7 min

I was then promoted to activities manager, and in 2020, I became Royal Caribbean's second-youngest cruise director on Spectrum of the Seas. People may think of a cruise ship as a mode of transportation to a different country, but really, it's another destination. We regularly throw big parties onboard, but one of the most memorable parties was when the Spectrum of the Seas was christened in 2019 by the actress Angelababy in Shanghai. My favorite port is BarcelonaThe cruise port is at the bottom of Las Ramblas, a large boulevard that runs through the city. Do you work on a cruise ship and want to share your story?

Persons: Bonnie Bai, I've, Angelababy, we're, I'm, there's, Lauryn Haas Organizations: Royal Caribbean's, Service, Royal, Royal Caribbean, Entertainment Locations: Barcelona, Wall, Silicon, Dalian, China, Royal Caribbean, Caribbean, Singapore, Shanghai, Champagne, Japan, Osaka, it's, Asia, Thailand, Malaysia, lhaas@insider.com

Weak mobile demand during a global economic slowdown has caused Arm's revenue to stagnate. The future growth driver is to expand market share in the Windows PC market," said Ryuta Makino, a research analyst at Gabelli Funds. ARM China has a history of late payments and presents "significant risks" to Arm's business, the company's IPO filing said. Arm said in the filing that it was owed $386.9 million by Arm China as of the end of March. Arm's chief financial officer has told investors during the marketing of the IPO that the company was not concerned about being paid back.

Persons: Dado Ruvic, Rene Haas, Ryuta Makino, Arm, Echo Wang, Svea, Bayliss, Max Cherney, Greg Roumeliotis, Richard Chang Organizations: REUTERS, Arm Holdings, stagnate, Vision Fund, Apple Inc, Nvidia Corp, Inc, Apple, Windows, Gabelli, Sales, ARM, Arm, Svea Herbst, Thomson Locations: China, United States, Arm China, ARM China, New York, San Francisco

☆ SoftBank’s reduced Arm price tag is still too high
▼ + stars: | 2023-09-05 | by ( Liam Proud | ) www.reuters.com time to read: +7 min

The lesson for SoftBank and Arm is clear: chip investors are laser-focused on medium-term operating profit, not just revenue. Reuters GraphicsThere are three key moving parts to Arm’s valuation. Under SoftBank, Arm’s operating margin has dropped to around 25%, from roughly 40% in 2015 – a consequence of Son’s preference for heavy investments in research. If Arm nabbed the same multiple, its enterprise value would be $33 billion, using the above growth and operating margin. To mimic and sustain Nvidia-esque growth, Arm CEO Rene Haas would have to keep ramping up investments in engineers and sales teams, which would weigh on margins.

Persons: SoftBank, Masayoshi Son, Bernstein, they’ll, Rene Haas, SoftBank’s, it’s, George Hay, Katrina Hamlin, Oliver Taslic Organizations: Reuters, SoftBank, Nvidia, Cadence Design Systems, LSEG, Reuters Graphics, Apple, Devices, Vision Fund, Nasdaq, Thomson Locations: Cambridge, Saudi Arabia

☆ Alfa Romeo will stay in motorsport, yet to decide on F1
▼ + stars: | 2023-09-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

"I feel that I must stay in motorsport and I will stay in motorsport. We don’t want to be full (in) for Alfa Romeo. I will not go to Rally Raid and I will not go on WRC (world rally) for obvious reasons for the story of Alfa Romeo. Alfa are effectively title sponsors of Sauber, who run the team, under a deal driven by the late FIAT Chrysler boss Sergio Marchionne. "It was reasonable, it was sized at the height of Alfa Romeo and Sauber, it was not the dreaming contract.

Persons: Max Verstappen, Jennifer Lorenzini, Romeo, Jean, Philippe Imparato, Imparato, Alfa Romeo, Haas, Ferrari, Sergio Marchionne, Alan Baldwin, Toby Davis Organizations: Prix, Autodromo Nazionale Monza, Prix REUTERS, One, Sauber, Frenchman, Reuters, Audi, Volkswagen, Alfa, WRC, Maserati, FIAT Chrysler, FIA, Formula One Management, Netflix, Vegas, Motorsport, Thomson Locations: Monza, Italy, United States

☆ I left NYC for Tulsa, Oklahoma. I only planned to stay for a year, but I love the lower cost of living and slower pace.
▼ + stars: | 2023-09-01 | by ( Mark Radcliffe | ) www.businessinsider.com time to read: +8 min

Mark Radcliffe spent over 12 years in NYC before moving to Tulsa, Oklahoma, in September 2020. I got his point, but after 12 years in the city, I decided to move to Tulsa, Oklahoma. The $10,000 wasn't my biggest motivation — I wanted to embark on a new adventure with like-minded risk-takers and lower my living expenses. Courtesy of Mark RadcliffeI bought a used piano for the living room, started hosting music-themed cocktail parties and dinners regularly, and built a new community. Tulsa has a more leisurely heartbeat, but it's a place where you always have time to stop and connect with others.

Persons: Mark Radcliffe, jabbing, Billy Joel, I'd, Radcliffe, Alec Baldwin, Brooke Shields, —, You'd, Lauryn Haas Organizations: Service, Madison, Citi, Radcliffe, Labor, New York, Tulsa, lhaas Locations: Tulsa , Oklahoma, Tulsa, Wall, Silicon, New York City, Yorker, New York, York, New England, Maine, Vermont, Atlanta, West, Gotham, New, Laurel Canyon, Los Angeles

☆ At Taser maker Axon, ex-staff say loyalty meant being tased, tattooed
▼ + stars: | 2023-08-30 | by ( Scottsdale | ) www.reuters.com time to read: +34 min

Reuters also interviewed 63 current and former Axon employees, including nine former executives. No one with whom Reuters spoke was aware of deaths or lawsuits stemming from tasings of Axon staff. Axon has faced fewer lawsuits since 2009, the year it introduced a new Taser model with a lower charge. Screenshots from an Axon promotional video show CEO Rick Smith taking a Taser hit in 1993, the year he co-founded the business. And that’s off-putting.”Gorman, the former Axon lawyer, said he “vividly” remembers an executive asking him if he was going to be tased.

Persons: Ross Blank, Blank, Steve Tuttle, Shawn Gorman, ”, Jennifer Chatman, Rick Smith, Andrea James, ” James, Axon’s, tasings, ” Blank, Tuttle, Staff tasings, “, Valencia Gibson, Gibson, Reuters –, Axon’s “, Bro, Josh Isner, Isner, James, –, Ann Rosenthal, Rosenthal, ” Rosenthal, Sigma Chi, Smith, ” Smith, ” Michael Church, Hans Marrero, Marrero, ” Marrero, “ I’m, ’ ” Smith, “ It’s, ” Gibson, ” ‘, impressionable, squinting, Keara, Rylan, Mihir Shah, ” Shah, Mario Barth, “ Willing, It’s, Isaiah Fields, Wayne Guay, Lamar Cousins, Cousins, Kevin De Rosa Jr, De Rosa, ” Isner, Smith’s, De Rosa bellowed, They’re, ” Gorman, You’re, Jeffrey Dastin, Paresh Dave Art, John Emerson, Julie Marquis Organizations: Enterprise Inc, Reuters, Haas School of Business, University of California, Staff, Scottsdale, Yorker, U.S . Securities, Exchange Commission, . Occupational Safety, Health Administration, federal, Safety, Health, Labor, Sigma, Harvard, Sigma Chi, Boston Magazine, Harvard’s Sigma Chi, U.S . Marine Corps, YouTube, Employment, Los, Keara Berlin, ” Employees, Los Angeles Police Department, Wharton School, University of Pennsylvania, strapping, Culture Locations: Berkeley, Rome, United States, Arizona, U.S, Las Vegas, Los Angeles, “, Berlin, Sacramento, San Jose , California, tasings, Mandalay, Scottsdale, wasn’t

☆ Katie Couric, Anna Wintour and Danny DeVito Party Before the U.S. Open
▼ + stars: | 2023-08-29 | by ( Alyson Krueger | ) www.nytimes.com time to read: +1 min

They walked a blue carpet, the same color as the famous courts. Gabriela Hearst, the fashion designer, showed up with Maria Sharapova, the tennis player. Other guests included Mike Tyson, Alec Baldwin, Gayle King, Danny DeVito, Anna Wintour, Vera Wang and Daymond John. “The end of summer always makes me a little blue,” said Katie Couric, who was the M.C. “By the end of August I always feel depressed, but coming to the U.S. Open gives me something to look forward to.”

Persons: Arthur, Gabriela Hearst, Maria Sharapova, Tommy Haas, Lindsey Vonn, Mike Tyson, Alec Baldwin, Gayle King, Danny DeVito, Anna Wintour, Vera Wang, Daymond John, David, Cheryl Scharf, ”, Katie Couric Organizations: U.S ., United States Tennis Association Foundation, U.S Locations: Flushing Meadows Corona Park, Queens, Cheryl Scharf , New York City

☆ Fact Check-Hiroshima and Nagasaki hit by nuclear bombs in 1945, radiation dissipated
▼ + stars: | 2023-08-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Instantly, 78,000 people were killed, a number that increased to 140,000 by the end of 1945, Reuters has reported, citing the Radiation Effects Research Foundation (here). LINGERING HEALTH EFFECTSThe most enduring evidence of the 1945 nuclear explosions in Hiroshima and Nagasaki is the testimonials of survivors (time.com/after-the-bomb/) and (here) and their well-documented health effects due to the blasts. The RERF Life Span Study (here) of long-term health effects has followed 120,000 residents since 1950, including 94,000 blast survivors and 27,000 unexposed people. Further reading about health effects from the bombings can be found (here). Hiroshima and Nagasaki were each bombed with a nuclear weapon in 1945, killing more than 200,000 people, but radiation and radioactive contamination dissipated and decayed quickly.

Persons: Oppenheimer, Jeffrey Hart, RERF’s, ” Hart, Derek Haas, it’s, ” Haas, Haas, RERF, Read Organizations: Reuters, Research, Radiation, Radiation Engineering, University of Texas, ” Locations: Hiroshima, Nagasaki, U.S, Japan, Austin

☆ Norris tops Dutch practice as Ricciardo ruled out
▼ + stars: | 2023-08-25 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

SummaryCompanies Norris tops second session and fastest overallVerstappen quickest in first practiceRicciardo ruled out with broken handLawson to debut as Australian's replacementAug 25 (Reuters) - McLaren's Lando Norris was fastest in Dutch Grand Prix practice on Friday as former team mate Daniel Ricciardo crashed his AlphaTauri and was ruled out of Sunday's race with a broken hand. Norris denied home hero Max Verstappen a perfect Friday by lapping 0.023 faster than the championship-leading Red Bull driver in the day's second session at Zandvoort. Norris then lapped in 1:11.330 in the late afternoon, with double Formula One world champion Verstappen second. The 25-year-old leads Mexican team mate Sergio Perez by 125 points after 12 of 22 races. Perez was fourth on those timesheets, 0.471 slower than his team mate, with Williams' Alex Albon fifth and Norris sixth.

Persons: Norris, Ricciardo, Lawson, McLaren's Lando Norris, Daniel Ricciardo, Liam Lawson, Max Verstappen, Red, Verstappen, we’ve, McLaren, Oscar Piastri, Piastri, AlphaTauri, Sebastian Vettel's, Sergio Perez, Fernando Alonso, Mercedes, Lewis Hamilton, Perez, Williams, Alex Albon, Albon, AlphaTauri's Yuki Tsunoda, Alpine's Pierre Gasly, Red Bull, Haas's Nico Hulkenberg, Guenther Steiner, Aston, Lance, Robert Shwartzman, Carlos Sainz, Sainz, Charles Leclerc 11th, Alan Baldwin, Toby Davis, Ken Ferris Organizations: Bull, Red Bull, Briton, McLaren, Hamilton, Prix, Sky Sports, Ferrari, Thomson Locations: Zandvoort, London

☆ Arm’s changing business model is wildcard for IPO
▼ + stars: | 2023-08-24 | by ( Karen Kwok | ) www.reuters.com time to read: +5 min

The other is royalty revenue, which is linked to how many products containing Arm technology that a customer eventually sells. Rather than selling licenses for specific chip designs and hoping the royalty revenue eventually flows, it is offering so-called total access agreements. First, Amazon’s engineers are more likely to experiment with Arm’s intellectual property and therefore use it in the future, eventually boosting royalty revenue. The company’s revenue fell 1% to $2.7 billion in the financial year to March 31. In the most recent quarter, which ended on June 30, Arm’s revenue fell by more than 2% year-on-year to $675 million.

Persons: Dado Ruvic, Rene Haas, Haas, lumpy, Liam Proud, Oliver Taslic Organizations: REUTERS, Reuters, SoftBank, Apple, Samsung Electronics, Nvidia, Microsoft, Infineon Technologies, U.S, Nasdaq, Thomson Locations: British

☆ I moved from New York City to Paris at age 79. Some people said I was crazy, but I wanted something new for this stage of my life.
▼ + stars: | 2023-08-21 | by ( Mary Jane Wilkie | ) www.businessinsider.com time to read: +7 min

I'd lived in New York City for 35 years, but Paris had been in the back of my mind since 2016. COVID-19 quashed an earlier attempt to leave New York City in March 2020, so almost two years later, I boarded the plane shortly after my 79th birthday. I chose Paris for a few reasonsHaving spent about half of my adult years enjoying New York City, I wanted something else for the penultimate stage of life. The learning continuesThough I sold my New York apartment for a nice price, it wasn't enough for an appropriate place in Paris. The dream of visiting Paris usually includes spending your days going to museums and having coffee at sidewalk cafés.

Persons: Mary Jane Wilkie, I'd, I've, Paris, Charles, carte vitale, Lauryn Haas Organizations: Service, New, Gaulle, Eiffel, Paris, lhaas Locations: NYC, Paris, Wall, Silicon, New York City, COVID, Texas, New Mexico, Colorado, Europe, France, New York, York

☆ Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
▼ + stars: | 2023-08-21 | by ( Santul Nerkar | Don Clark | ) www.nytimes.com time to read: +2 min

Why It MattersThe move will provide Arm’s parent company, SoftBank, with more capital to further invest in start-ups. In the filing, Arm said more than 30 billion Arm-manufactured chips were shipped last fiscal year. But Arm technology is also found in myriad other products, including home appliances, cars and industrial equipment. Arm was a public company until 2016, when SoftBank bought it for $32 billion. SoftBank has taken huge losses since that failed acquisition, posting a $3.3 billion loss in this year’s first quarter.

Persons: Masayoshi Son, SoftBank, Rene Haas Organizations: Apple, Nvidia, Vision

☆ What ARM's expected debut means for the IPO market and SoftBank
▼ + stars: | 2023-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Its debut will be a big deal for an IPO market that's been in the doldrums since 2022, but the company's listing has big implications for SoftBank as well. SoftBank agreed to acquire Arm in 2016 for $32 billion, which at the time was the biggest-ever purchase of a European technology company. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier. SoftBank said its Vision Fund booked an investment gain of 159.8 billion yen, its first gain in five consecutive quarters. In July, the company led a $65 million investment in U.K. insurance technology company Tractable.

Persons: Son, Tomohiro Ohsumi, SoftBank, It's, Rene Haas, Haas, Nvidia SoftBank, Arm, Grace Hopper, Didi, Uber, Yoshimitsu Goto, Leswing Organizations: SoftBank Group Corp, ARM Holdings, Bloomberg, Getty, Apple, reining, Acorn Computers, Acorn, Machines, VLSI Technology, CNBC, ARM, Nvidia, Vision, Investors, AMD, Vision Fund Locations: Tokyo, Cambridge, England, Switzerland, European, Europe, U.S, London, New York

☆ I left NYC and bought a house in Montana. I had a big job title but a terrible bank account — now I'm happier and my money goes further.
▼ + stars: | 2023-08-16 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

I didn't know a single person in Montana, but after I visited Bozeman, something about it felt like home. I had a big title but a terrible bank account and felt trapped. I look back on my life in NYC and see how anxious and exhausted I was. People are aware of you in a way that they aren't in a big city, where you can blend in. Buying a house in MontanaLester with her friends at her house in Montana.

Persons: Shallon Lester, she's, I've, Lester, Christian Dior, I'm, Montana Lester, Shallon Lester I lucked, Montana I've, I'd, Guys I've, haven't, it's, Lauryn Haas Organizations: Service, Lean, lhaas Locations: New York City, Bozeman , Montana, Montana, Wall, Silicon, California, Bozeman, Manhattan, Manhattan . Bozeman, NYC, Bozeman I'm, Los Angeles

☆ Arm IPO depends on more than Big Tech support
▼ + stars: | 2023-08-14 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationLONDON, Aug 14 (Reuters Breakingviews) - Arm is phoning Big Tech friends for help with its initial public offering. Backing from some of the world’s largest technology companies would also provide a useful marketing boost. Investments from big tech companies risk scrutiny from antitrust regulators, who previously blocked chip specialist Nvidia from buying Arm. Reuters Graphics Reuters GraphicsArm and its owner, Japan’s SoftBank Group (9984.T), will therefore need to win over big institutional investors. That’s well below the $60 billion to $70 billion that Bloomberg recently reported Arm is aiming for.

Persons: Dado Ruvic, Rene Haas, Taiwan’s TSMC, Japan’s, Bernstein, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Big Tech, Nvidia, Apple, Google, Microsoft, Investments, U.S . Federal Trade Commission, Reuters Graphics, Cadence Design Systems, Bloomberg, Reuters Graphics Reuters, Intel, Samsung Electronics, Japan’s SoftBank, Nasdaq, Thomson Locations: U.S, ASML, Cambridge

☆ I left Germany and moved to the US for work. Here are the 5 things that shocked me the most about American culture.
▼ + stars: | 2023-08-11 | by ( Emma Brooke | ) www.businessinsider.com time to read: +7 min

Emma Brooke moved from Berlin to New York City in 2022 after working throughout Europe and Japan. After a decade of working all over Europe and in Japan, I moved my job to New York City from Berlin in 2022. But in some ways, the differences have been just as hard to navigate as when I moved to Tokyo. Here are some of the biggest culture shocks I've encountered and how I survived them. Work-life balanceEurope's work culture is the stuff of legend — 30 days of vacation, two-hour lunches, and no emails after 5 p.m.

Persons: Emma Brooke, I've, —, Brooke, Emma Brooke In, I, It's, wasn't, Slack, I'd, Lauryn Haas Organizations: Service, lhaas Locations: Berlin, New York City, Europe, Japan, Wall, Silicon, Tokyo, New York, Emma Brooke In Paris, Manhattan, Brooklyn, Paris

☆ It’s Official: Stores Can No Longer Sell Most Incandescent Lights
▼ + stars: | 2023-08-01 | by ( Hiroko Tabuchi | More About Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

And a few specialized kinds of incandescent bulbs — like those that go inside ovens, and bug lights — are exempt. But most if not all other incandescents will struggle to meet the new efficiency standards, and the same goes for a more recent generation of halogen lights. “Going from an incandescent to an LED is like replacing a car that gets 25 miles per gallon with another one that gets 130 m.p.g.,” he said. With the new rules in place, the Department of Energy expects Americans to collectively save nearly $3 billion a year on their utility bills. In the past, a knock on LEDs was that they were more expensive to buy, but prices for LED bulbs have fallen rapidly to near parity with incandescents.

Persons: ”, Lucas Davis, “ Organizations: “ Energy, Haas School of Business, University of California, Department of Energy, Research, Energy Department Locations: Berkeley

☆ Move Over, Men: Women Were Hunters, Too
▼ + stars: | 2023-08-01 | by ( Katrina Miller | More About Katrina Miller | ) www.nytimes.com time to read: +2 min

The researchers also found that women were more flexible in their approaches to hunting as they aged. Which weapons they chose, the game they chased and who accompanied them during hunts changed with age and the number of children or grandchildren the hunters had. The details about female hunting patterns were not easy to uncover, Ms. Chilczuk said; the reports often prioritized discussions of the male hunters. But the findings, when they emerged, made a certain sense, she added: If hunting was the chief means of survival, why would only men participate? “I always assumed that women did hunt probably more often than was recognized,” she said.

Persons: “, they’re, ”, Scheffler, Chilczuk, Ms, Tammy Buonasera, —, Randy Haas, We’ve Organizations: University of Alaska, Wayne State University Locations: University of Alaska Fairbanks

☆ Bank of America upgrades Hasbro, says new 'Magic: The Gathering' cards will boost earnings
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America thinks Hasbro's dominance in the in-person gameplay sector will be on full display when the company reports earnings on Thursday. The bank upgraded the stock to buy from neutral on Monday, and increased its price target to $85 from $68. "We spoke with several local game stores (LGS), distributors, players, and collectors and were encouraged to hear strong excitement and demand for this set," Haas said. "Collector boxes are currently fetching over $400 on the secondary market and TCGplayer, one of the primary online marketplaces for Magic cards, shows nearly 3x more sell-through than the prior Magic set." HAS YTD mountain Hasbro stock has been little changed from the start of 2023.

Persons: Jason Haas, Haas, — CNBC's Michael Bloom Organizations: of America, Hasbro, FactSet

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