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☆ Nvidia’s Rivals Prepare Their AI Assault
▼ + stars: | 2023-12-04 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

AMD CEO Lisa Su has told investors that the company expects $2 billion in revenue from its new AI chips next year. Photo: robyn beck/Agence France-Presse/Getty ImagesNvidia was never going to have the artificial intelligence market all to itself. The past year has certainly made it seem that way, though. Nvidia’s sales have more than doubled—and its market value more than tripled—as major tech companies snapped up the company’s chips to capitalize on the explosive interest in generative AI sparked by the launch of the ChatGPT online chatbot a year ago. Intel and Advanced Micro Devices , two of Nvidia’s largest competitors, have seen their data-center sales shrink lately as the tech giants operating those networks have redirected their spending toward Nvidia’s specialized chip platforms.

Persons: Lisa Su, robyn beck Organizations: Agence France, Nvidia, Intel, Devices

He built not one collection, but three. His high-end main line, which is available at retailers like Mr Porter, includes $2,850 Italian-made melton wool overcoats and $750 jeans with whiskery distress marks at the knees. Then there’s Essentials, the economical label built on $100 hoodies and $95 sweats in colors like sand and slate gray that are sold at Nordstrom and PacSun.

Persons: Mr Porter Organizations: Nordstrom Locations: melton

☆ The Clothes That Unmade George Santos
▼ + stars: | 2023-12-02 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

George Santos exhibited a distinct fashion sense during his months in Congress. Photo: Jabin Botsford/Getty ImagesGeorge Santos knew how to make an exit. “The hell with this place,” the New York Republican declared to a scrum of reporters after his expulsion Friday from the House over allegations that he stole money from his own campaign and committed other misdeeds. He was just the sixth House member expelled and the first who wasn’t a convicted felon or a supporter of the Confederacy.

Persons: George Santos, Jabin Organizations: New York Republican

☆ Maker of Wegovy, Ozempic showers money on U.S. obesity doctors
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +23 min

Novo spent at least $25.8 million over the past decade on U.S. medical professionals to promote its two obesity drugs, Wegovy and Saxenda, the analysis found. Jastreboff has also worked on clinical trials of obesity drugs for Eli Lilly, which markets a Wegovy competitor. Some doctors said Novo’s payments exemplify how the flood of industry money can dominate decision-making about care and coverage. Government pharmacy officer Solaru said her agency concluded that the new obesity drugs could be cost-effective by preventing other weight-related diseases and boosting workplace productivity. In January, the personnel office told its health plans they must cover at least one GLP-1 obesity drug for 8 million workers, retirees and family members.

Persons: Lee Kaplan, Kaplan, ”, gastroenterologist, He’s, Novo, Donna Ryan, Ryan, “, ” Kaplan, ” Novo, Robert Lustig, “ I’m, Lustig, They’re, Ania, ” Jastreboff, Jastreboff, Eli Lilly, Lilly’s Zepbound, Lilly, ” Lilly, Novo’s, Ayana, Sanders, Arthur Kellermann, ” Kellermann, mouthpieces, ’ ”, “ I'm, Jamy Ard, Ard, Dele, ” Solaru, ” Ryan, Scott Kahan, Kahan, Solaru, Christine Gallagher, Wegovy, Rebekah Carl, Carl, Jen Wexler, gaunt, Wexler Organizations: Novo Nordisk, Dartmouth, Nutrition Institute, Massachusetts General Hospital, Harvard Medical School, Reuters, Cambridge, Obesity Society, U.S ., Management, Reuters . Pharmaceutical, ”, U.S, United, National Health Service, University of California, U.S . Food, Drug Administration, Doctors, Wegovy’s, BMI, Yale University’s Center, Weight Management, Wall Street, American Medical Association, Rutgers University’s School of Public Health, Affordable, . Pharmaceutical, Companies, Uniformed Services University of Health Sciences, Wake Forest University, Wake Forest Baptist Health Weight Management, Obesity, Pennington Biomedical Research, U.S . National Institutes of Health, Personnel Management, Coalition, STOP, George Washington University, Novo Locations: CAMBRIDGE, Massachusetts, Boston, U.S, Novo, Danish, United States, Louisiana, San Francisco, Wegovy, Pennington, Baton Rouge , Louisiana, Government, New Columbia , Pennsylvania, Florida

☆ Salesforce Keeps Growth Dreams Alive Enough
▼ + stars: | 2023-11-30 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Salesforce CEO Marc Benioff speaks during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco on Nov. 16. Photo: David Paul Morris/Bloomberg NewsThere was a time—and not very long ago—that Salesforce would have scoffed at 11% growth. That was then. The cloud software giant’s fiscal third-quarter ended October was the third consecutive period showing revenue growing at that pace year over year. The company also used Wednesday’s report to affirm Wall Street’s projection for 10% growth in the current quarter ending in January—9.8% if not rounding.

Persons: Marc Benioff, David Paul Morris Organizations: Economic Cooperation, Bloomberg Locations: Asia, San Francisco, —

☆ US lawmakers seek probe of Chinese drone maker Autel Robotics
▼ + stars: | 2023-11-30 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

An Autel Robotics Dragonfish Pro drone, with an 18-mile range, is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo Acquire Licensing RightsWASHINGTON, Nov 30 (Reuters) - A bipartisan group of 11 U.S. House lawmakers on Thursday asked the Biden administration to investigate and potentially sanction Chinese drone maker Autel Robotics, citing national security concerns. The Pentagon said it would respond to the lawmakers' letter. Another signer of the letter, Republican Representative Elise Stefanik, said, "Autel drones made in Communist China present an unacceptable national security risk and should not be allowed to operate in America." Over 50% of drones sold in the United States are made by DJI, and they are the most popular drones in use by public safety agencies, Republican lawmakers said earlier this year.

Persons: Steve Marcus, Biden, Mike Gallagher, Raja Krishnamoorthi, Autel, Elise Stefanik, Gallagher, Krishnamoorthi, David Shepardson, Chris Reese, Mark Porter Organizations: Las Vegas Convention, REUTERS, Rights, House, Republican, Commerce , Defense, Treasury, Autel Robotics, Technology, Robotics, China's People’s Liberation Army, PLA, Pentagon, Commerce, Commerce Department, U.S . Interior Department, Thomson Locations: Las Vegas , Nevada, U.S, House China, Communist China, America, China, Xinjiang, Ukraine, The U.S, United States

☆ Nashville's real estate boom has builders scrambling and residents facing sky high prices
▼ + stars: | 2023-11-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +6 min

The Nashville building boom is in full effect, despite higher interest rates, higher home prices and a weaker national economy. During the Great Recession after the 2008 financial crisis, workers were looking for an urban vibe but with cheaper housing. While home prices nationally are up 47% from the start of the pandemic, Nashville prices are up 55%, according to ICE Mortgage Technology. "What we're seeing housing prices and rents go to is very foreign to what they would call affordable," said Eldridge. Gallagher has been working in Nashville's commercial real estate sector since moving to the city over a decade ago.

Persons: We've, John Eldridge, Eldridge, John Burns, CNBC he's, haven't, It's, Madison Cartularo, I've, Cartularo, Janelle Gallagher, Nashville . Gallagher, she's, that's, Gallagher, Bill Lee Organizations: Istock, Getty Images Nashville, E3 Construction, John Burns Research, Consulting, CNBC, Nashville, ICE Mortgage Technology, ICE, CBRE Locations: Nashville , Tennessee, Nashville, Los Angeles, Redfin, United States, New Yorker, Tennessee

☆ Why Amazon and Nvidia Need Each Other
▼ + stars: | 2023-11-29 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Nvidia CEO Jensen Huang, right, joined AWS CEO Adam Selipsky at the annual AWS re:Invent conference on Tuesday. Photo: AmazonAmazon needed to put on a good AI show this week. The e-commerce titan also happens to run the world’s largest cloud-computing business. In fact, Amazon’s AWS unit now generates significantly more annual revenue than IBM and Oracle and comes second only to Microsoft in the market for business-focused software and related services. But Amazon has also been perceived as lagging behind its largest cloud rival in the field of generative artificial intelligence, given Microsoft’s aggressive push into the technology since the public launch of ChatGPT almost exactly one year ago.

Persons: Jensen Huang, Adam Selipsky Organizations: Nvidia, AWS, IBM, Oracle, Microsoft

☆ Sen. Marco Rubio: TikTok should be demonetized unless China hands over algorithm
▼ + stars: | 2023-11-29 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Senator Marco Rubio, a Republican from Florida and ranking member of the Senate Intelligence Committee, during a hearing in Washington, D.C., on March 8, 2023. WASHINGTON — Social media giant TikTok should be demonetized in the U.S. unless the Chinese government hands over its algorithm, Sen. Marco Rubio, R-Fla., said Wednesday. "It is time to ban Beijing-controlled TikTok for good," Rubio said in a December 2022 statement on his bill. More than 150 million Americans use TikTok and nearly five million businesses advertise on the platform, according to the company. "What companies in the world is that algorithm going to be beneficial to in the long term?"

Persons: Marco Rubio, Sen, " Rubio, Rubio, TikTok, It's, Mike Gallagher, Raja Krishnamoorthi, Angus King Organizations: Republican, Senate Intelligence, Washington , D.C, WASHINGTON — Social, Summit, BuzzFeed, Financial Times, Chinese Communist Party, Senate, Sen, CNBC PRO Locations: Florida, Washington ,, U.S, Beijing, ByteDance, Taiwan, New York, China, Russia, Maine

☆ Microsoft Needs a Better Seat at OpenAI’s Table
▼ + stars: | 2023-11-28 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

OpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/ShutterstockMicrosoft played a weak hand rather well in the drama that engulfed OpenAI last week. But the tech giant now has a complicated task ahead: It needs to solidify its relationship with the high-profile startup while also showing it can chart its own course in the vital field of artificial intelligence. In the interim, Microsoft announced plans to hire Altman directly, along with any other OpenAI employees who cared to join.

Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo, Satya Nadella’s, Altman Organizations: Microsoft, OpenAI Locations: OpenAI

☆ Suspect arrested in shooting of 3 Palestinian college students in Vermont, police say
▼ + stars: | 2023-11-26 | by ( Elizabeth Wolfe | Celina | ) edition.cnn.com time to read: +5 min

CNN —A suspect has been arrested in the shooting of three Palestinian college students in Burlington, Vermont, in a case that has garnered national attention amid concerns about rising levels of hate crimes since the Israel-Hamas war erupted. Jason J. Eaton, 48, was arrested Sunday afternoon near the scene of the attack, the Burlington Police Department said in a news release. An attorney for the victims’ families, Abed Ayoub, said he believes the students were targeted, in part, because two of them were wearing keffiyehs – traditional Palestinian scarves. ET, police officers responding to reports of a shooting found two of the victims injured at the scene, police said. Students (from left) Tahseen Ahmad, Kinnan Abdalhamid and Hisham Awartani, took this photo shortly before they were shot, a family representative said.

Persons: Jason J, Eaton, Hisham Awartani, Tahseen Ahmad, Jon Murad, Abed Ayoub, ” Ayoub, Hisham Awartani’s, Marwan Awartani, Kinnan Abdalhamid, Miro Weinberger, ” Weinberger, CNN’s Dianne Gallagher, Joe Sutton, Zenebou Sylla, Eva McKend, Khalil Abdallah, Zoe Sottile, Michelle Watson Organizations: CNN, Burlington Police Department, Authorities, ” Authorities, Police, . Police, Brown University, Haverford College, Trinity College in, Institute for Middle, Hamas, Burlington Police, “ CNN, University of Vermont Medical Center, Institute for Middle East, Burlington, FBI Locations: Burlington , Vermont, Israel, Rhode Island, Pennsylvania, Trinity College in Connecticut, Burlington, Albany , New York

☆ Next Year’s Holiday Gift May Be AI in Your Pocket
▼ + stars: | 2023-11-24 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Smartphones and personal computers are about to get a lot smarter. Will that be a good enough reason to buy new ones? A growing number of major technology companies are betting that it will. Generative artificial intelligence has taken the tech world by storm ever since the public launch of the online chatbot called ChatGPT almost exactly a year ago. Major companies like Microsoft , Google, Amazon and Facebook -parent Meta Platforms have already rolled out services enabled by the technology, which can draft emails, create spreadsheets and even allow non-programmers to produce workable computer code.

Organizations: Microsoft, Google, Facebook

☆ The ‘Squid Game’ Reality Show’s Biggest Challenge: Faking Murder
▼ + stars: | 2023-11-22 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

More Netflix viewers watched dubbed versions of the South Korean drama “Squid Game” than subtitled versions. WSJ met one of the show’s English-language voice actors during its first season to see how dubbing foreign content is fueling the streaming giant’s growth. Photo Illustration: Sharon ShiWhen producers set out to adapt the megahit South Korean thriller “Squid Game” into a Netflix reality show, they hewed close to the sinister source material. So is the barbaric game of “red light, green light.” As are the ubiquitous masked guards and the pine-green tracksuits. Even the $4.56 million prize pot on “Squid Game: The Challenge,” which is said to be the biggest reality TV show prize in history, echoes the original’s 45.6 billion won.

Persons: Sharon Shi, M.C, Escher Organizations: Netflix

☆ Nvidia’s AI Boom Almost Blows Past Politics
▼ + stars: | 2023-11-22 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Jensen Huang, co-founder and chief executive officer of Nvidia, last month in Taipei. Photo: i-hwa cheng/Agence France-Presse/Getty ImagesNvidia rules the artificial intelligence world, but that world is getting a little smaller—and more crowded. The chip maker now synonymous with AI reported another quarter of blowout sales and earnings growth late Tuesday. Nvidia’s strong lead in the chips necessary to power generative AI technologies such as ChatGPT is also evident in its surging bottom line. Adjusted operating margins hit a record high of 64% in the fiscal third quarter ended October, far above the company’s average of 38% for the same quarter over the past five years.

Persons: Jensen Huang, hwa cheng Organizations: Nvidia, Agence France, Revenue Locations: Taipei

☆ Ilya Sutskever did not attend OpenAI's party celebrating Sam Altman's return as CEO
▼ + stars: | 2023-11-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

Ilya Sutskever was nowhere to be found Tuesday night at the impromptu party OpenAI staff threw to celebrate the return of Sam Altman as CEO. Sutskever was directly involved in Altman's abrupt removal as CEO last Friday by OpenAI's board, of which Sutskever was a member. With Altman now back leading the company, a new smaller board in place, and additional members imminent, staff are unsure if Sutskever will return at all. Another person familiar with both men thinks it is possible Sutskever could return and mend fences, however unlikely. Greg Brockman, OpenAI's president and another co-founder who quit in solidarity with Altman, is less magnanimous, the person said.

Persons: Ilya Sutskever, Sam Altman, Altman, Alex Weingarten, Willkie Farr, Gallagher, Ilya, Sam, Weingarten, Sutskever, OpenAI's, it's what's, Greg Brockman, Brockman Organizations: The, Business

☆ Inside Pharrell’s Celebrity Auction House Gamble
▼ + stars: | 2023-11-21 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Louis Vuitton’s mammoth monogram luggage already sells for tens of thousands of dollars on the resale market. But you know what makes a trunk even more valuable? If it was previously owned by Pharrell Williams. Late last year, the Grammy winner and men’s creative director of Louis Vuitton added to his already jammed schedule by opening Joopiter, his very own auction house.

Persons: Louis, Pharrell Williams, Louis Vuitton

Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. Citigroup declined to comment on all the personnel moves, and none of the leaders named responded to requests for comment. The full reorganization could involve thousands of layoffs, according to a source familiar with the situation who was not authorized to speak publicly. Preparations for Monday's announcements were communicated verbally in meetings last week, according to another source familiar with the situation. Final announcements related to the overhaul will be made early next year, Fraser said in a memo to employees.

Persons: Jane Fraser, Eduardo Martinez Campos, Andy Sieg, Andrew Kelly, Valentin Valderrabano, Patricia Dorosz, Nacho Gutiérrez, Carmen Haddad, Fahad Aldeweesh, Haddad, Jose Miguel Salvador Nasur, Peter Babej, Ernesto Torres Cantú, Brad Wayman, Chris McCullough, Wayman, Patrick Gallagher, Lucy Baldwin, Sandeep Arora, Fraser, Mark Mason, Tatiana Bautzer, Lananh Nguyen, Andres Gonzalez, Saeed Azhar, Bayliss, Echo Wang, Isla Binnie, Nick Zieminski, Stephen Coates, Marguerita Choy Organizations: Citigroup, Citi, Citi Wealth Services, Citibank, New York Stock Exchange, REUTERS, Svea Herbst, Thomson Locations: Manhattan , New York City, U.S, Europe, Saudi Arabia, Chile, New York, London, Svea

☆ House China cmte. chair Rep. Gallagher on Apple letter: We just want to understand what happened
▼ + stars: | 2023-11-21 | 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 EmailHouse China cmte. chair Rep. Gallagher on Apple letter: We just want to understand what happenedHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) joins 'Squawk Box' to discuss the committee's letter to Apple CEO Tim Cook questioning the reasons behind the cancellation of Jon Stewart's show on the company's streaming platform, the fallout from Chinese President Xi's dinner with top American CEOs, and more.

Persons: Gallagher, Mike Gallagher, Tim Cook, Jon Stewart's, Xi's Organizations: Email, China, Apple Locations: China

[1/5] Taiko Nakamura samples whisky barreled in the year he founded at his distillery in Shizuoka, Shizuoka Prefecture, Japan October 25, 2023. The explosion of craft whisky in Japan follows a boom and bust in the industry. Last week, Sotheby's offered what it claimed was the most valuable collection of Japanese whisky at auction, headlined by a 52-year old bottle that sold for 300,000 pounds ($373,830). Suntory, Japan's biggest and best-known whisky maker, recently invested 10 billion yen ($67 million) to upgrade its distilleries, including its Yamazaki site. "I believe we need to put all our effort into making Japanese whisky that lives up to the quality of the Japanese whiskies made by our predecessors," he said.

Persons: Rocky Swift, Suntory's, Taiko Nakamura, Long, whiskies, Sotheby's, Shinji Fukuyo, Casey Wahl, Kamui, Shizuoka's Nakamura, Miral Organizations: REUTERS, Suntory, trailblazer, Nikka, Asahi Group, Japan's, Japanese distillers, Diageo, IJW Whiskey, Nikkei, Thomson Locations: Shizuoka, Shizuoka Prefecture, Japan, Yamazaki, Scotland, Hong Kong, Japanese, Komasa Kanosuke, Kentucky, Hokkaido, American, Rishiri

☆ OpenAI Glitch Shows Weaknesses in Microsoft’s AI Armor
▼ + stars: | 2023-11-20 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Microsoft may have put out a five-alarm fire around its most important technology move in years. But fires leave scorch marks—and sometimes flare up again. A leadership crisis at Silicon Valley startup OpenAI over the weekend threatened to seriously singe the world’s second-largest company by market value. That is because OpenAI developed the key generative artificial-intelligence technology that has helped power Microsoft’s aggressive move into the field. Microsoft has invested a total of $13 billion into the company and already launched commercial products and services based on its technology, including a chatbot-enabled Bing search engine and a superpowered digital assistant called Copilot that can render emails, spreadsheets and PowerPoint presentations.

Persons: OpenAI Organizations: Microsoft Locations: Silicon

☆ What You Need to Know About the OpenAI Drama
▼ + stars: | 2023-11-20 | by ( ) www.wsj.com time to read: +1 min

News of OpenAI CEO Sam Altman's surprise ouster dominated tech news this past weekend, and it continues to swirl today. Altman and others have also pushed for a new board at OpenAI. Mira Murati, OpenAI's chief technology officer, had briefly held the position after Altman was removed. ... Those clients will need to know that Microsoft’s vital code can’t be scrambled by a Silicon Valley soap opera." Part of the backdrop: investor enthusiasm for the potential of AI technology, which has driven several stocks higher this year.

Persons: Sam Altman's, doesn't, Altman —, Greg Brockman — aren't, Altman, Brockman, OpenAI, Emmett Shear, Mira Murati, Joanna Stern, Heard, Dan Gallagher's Organizations: Microsoft

☆ Continuum Economics: Rate cuts to be market driver in 2024
▼ + stars: | 2023-11-17 | 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 EmailContinuum Economics: Rate cuts to be market driver in 2024Mike Gallagher, director of research at Continuum Economics, expects 10-year U.S. Treasury yields to stabilise.

Persons: Mike Gallagher Organizations: Continuum, Continuum Economics, Treasury

☆ Alex Murdaugh pleads guilty to state financial charges
▼ + stars: | 2023-11-17 | by ( Dianne Gallagher | ) edition.cnn.com time to read: +5 min

Murdaugh was facing dozens of state charges in alleged schemes to defraud victims of millions. Lead prosecutor Creighton Waters said the deal would bring “finality to the matter” and ensure Murdaugh would “stay in state prison for a very long time.” The agreement, if approved, would see Murdaugh spend a total of 27 years in a South Carolina state prison, according to Waters. “Alex Murdaugh’s guilty plea will finally allow his financial victims to begin the process of healing,” Eric “EB” Bland and Ronnie Richter, attorneys for some of the victims, said in a statement. It also only covers the state financial charges and does not address any of the remaining county charges Murdaugh faces. Judge Newman sentenced Murdaugh to two consecutive life sentences in a South Carolina state prison, which Murdaugh is currently serving.

Persons: CNN —, Alex Murdaugh, Creighton Waters, Waters, Murdaugh, Clifton Newman, “, ” “, ” Murdaugh, ”, ” Newman, Newman, “ Alex Murdaugh’s, Eric “ EB, Bland, Ronnie Richter, Judge Newman, Alan Wilson, ” Wilson, Maggie, Paul, Becky Hill Organizations: CNN, Carolina Constitution, South Carolina, Murdaugh Locations: South Carolina, Beaufort County, Murdaugh, Waters, Carolina, Colleton

☆ Xi tells US firms China ready to be partner and friend
▼ + stars: | 2023-11-16 | by ( Michael Martina | ) www.reuters.com time to read: +5 min

Xi received a standing ovation as he entered the room, and two more before and after he took the stage to speak. "Whatever stage of development it may reach, China will never pursue hegemony or expansion, and will never impose its will on others. China does not seek spheres of influence, and will not fight a cold war or a hot war with anyone," Xi said. China and the U.S. reached an agreement to curb fentanyl production in earlier talks between Xi and Biden. Analysts have said Xi's speech alone is unlikely to dramatically alter U.S. business sentiment about China.

Persons: Xi Jinping, Carlos Barria, Xi, Joe Biden, Biden, Tim Cook, Laurence Fink, Broadcom's, Hock Tan, Ray Dalio, Albert Bourla, Gina Raimondo, Mike Gallagher, Gallagher, Gary Dvorchak, Dvorchak, Michael Martina, Valerie Insinna, Stephen Nellis, Lisa Baertlein, Niket, Ethan Wang, Liz Lee, Stephen Coates Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, REUTERS, Apple, BlackRock, Pfizer, SAN FRANCISCO, U.S, Beijing, Congress, Bridgewater Associates, Commerce, U.S . House, Representatives, Muslim, U.S ., Communist Party, Thomson Locations: Asia, San Francisco , California, U.S, China, United States, San Francisco, Beijing, Washington, China . U.S, Iowa

☆ House lawmakers press Apple CEO on reports Jon Stewart’s show was canceled over China concerns
▼ + stars: | 2023-11-15 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

CNN —Did Apple and Jon Stewart part ways over China? The letter also asked Apple to make a public commitment that content potentially viewed as critical of the Chinese Communist Party would be welcome on the company’s services. “If these reports are accurate, it potentially speaks to broader concerns about indirect Chinese Communist Party (CCP) influence over the creative expression of American artists and companies on CCP-related topics,” the committee said in the letter. Representatives for Apple and Stewart did not immediately respond to CNN requests for comment. China represents nearly a fifth of Apple’s sales and is by far the company’s fastest-growing region.

Persons: Jon Stewart, Tim Cook, Jon Stewart ”, —, Mike Gallagher, Raja Krishnamoorthi, Illinois —, Apple, Stewart Organizations: CNN, Chinese Communist Party, Wednesday, Apple, Wisconsin Republican, Communist Party, CCP, Xi Locations: China, Wisconsin, Illinois, People’s Republic of China

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