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☆ Billionaire Bill Koch Puts Cape Cod Land on the Market for $16 Million
▼ + stars: | 2023-05-31 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, koch

Bill Clark | CQ-Roll Call, Inc. | Getty Images"Speaker McCarthy should pull this bad bill down. Roy and Bishop weren't the only far-right conservatives who implicitly threatened to unseat McCarthy as House speaker if the debt limit bill passed. Under new rules this year, a single Republican lawmaker can bring a no-confidence vote on McCarthy to the floor. But progressive leaders in the House stopped short of urging their like-minded members to oppose the bill. The message from the White House was similarly low-key, with an emphasis on the GOP asks that were not in the bill.

David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.

☆ Japan's Hitachi Astemo flags lapses in quality tests over decades
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged safety tests for 88,000 small cars. Hitachi Astemo, which makes car and railway parts ranging from brake and damping systems to powertrains, worked with customers to redo tests on nearly 24 affected products following an investigation, Chief Executive Brice Koch told reporters. "We have now taken all the relevant measures to improve, to increase the robustness of our system and our company," Koch said, saying he did not expect any impact on growth or costs. The issues included reporting periodic test results to customers without running the actual tests on some products. Employees also ran tests on suspension systems at incorrect temperatures, a spokesperson said.

☆ Lasers on Artemis II will share high-definition video of the moon
▼ + stars: | 2023-05-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —When the crewed Artemis II mission makes its lunar flyby in late 2024, we’ll be able to see video of the moon like never before — and it’s all thanks to lasers. Along for the historic journey to the moon will be the Orion Artemis II Optical Communications System, or O2O — making Artemis II the first crewed lunar flight to demonstrate laser communications technology. This illustration depicts the Orion Artemis II Optical Communications System sending a laser signal from the Orion spacecraft to Earth. Lasers will be able to send back more data at a quicker rate across longer distances, such as when Orion is flying by the moon during Artemis II. “We are thrilled by the promise laser communications will offer in the coming years,” says Badri Younes, deputy associate administrator and program manager for space communications and navigation at NASA headquarters in a statement.

HOUSTON, May 8 (Reuters) - A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The companies had won conditional attachments to a federal case in which the judge has approved a process to auction the shares to pay a $970 million judgment won by miner Crystallex. The six hold arbitration awards or judgments that total about $2.6 billion and wanted those awards to be included in the auction. The proposed auction, which could break up the seventh largest U.S. refiner to pay creditors, took a giant step forward last month with a greenlight from the U.S. Treasury. Washington has since recognized the opposition-led congress as the entity controlling the refining subsidiary, extending protection to prevent its breakup at the hands of Venezuela creditors.

☆ Here are the 5 key takeaways from this year's Milken Global conference
▼ + stars: | 2023-05-05 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +12 min

The pullback by banks is raising the hopes of those in the private credit industry. Some panelists and others who spoke in the hallways of the event suggested that there was a large-scale handoff from private equity to private credit. Many private-equity firms are scrambling to raise private credit funds to take advantage. "I don't think this is the end of private equity, but the environment certainly favors private credit," he said. And that will show up in lower returns for private credit funds, she said.

☆ The Painter Who Inspired a New Ballet
▼ + stars: | 2023-05-03 | by ( Ella Riley-Adams | ) www.nytimes.com time to read: +1 min

In Kylie Manning’s paintings, figures swirl and emerge from broad landscapes. The wall-filling pieces can provoke a physical reaction, akin to looking over the rail of a bridge across a river. But the rest feels less clear: Is there a third figure, head in hands, between the initial two? Manning’s figures aren’t gendered, and she wants viewers to interpret the subjects and settings on their own terms. “It’s about spending time with them, letting them unravel for you like a song,” she says.

☆ DuPont trims revenue forecast on slow electronics recovery, shares fall
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - DuPont de Nemours Inc (DD.N) on Tuesday cut its full-year revenue forecast, citing slower-than-expected recovery in the electronics and industrial markets, sending its shares down nearly 5% in premarket trading. The materials and chemicals maker expects customer utilization in the electronics markets to bottom in the "near-term" and improve only in the third quarter. DuPont cut the top-end of its annual sales forecast to $12.50 billion from $12.90 billion, while retaining the lower end at $12.30 billion. "Within electronics markets, we continue to see weakness and channel inventory destocking in the near-term," Chief Financial Officer Lori Koch said in a statement. "We continue to expect ongoing strength throughout the year in areas such as water, automotive, aerospace and healthcare," Koch said.

Instead, fixed income, which was unpopular when rates were low, is back in favor and seeing strong capital flows into products like bond funds, said fund managers at the Milken Institute Global Conference this week. Attendees also discussed whether federal regulators should raise FDIC deposit insurance after First Republic Bank was seized and sold to JPMorgan, and how markets will react to even higher interest rates and potentially more market volatility. Others warned that companies will soon have to refinance their debt at higher rates, making them less attractive. Instead, thanks to higher interest rates, fixed income is once again playing a bigger role in portfolios. "The Fed has helped us put the income back in fixed income," said Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management.

☆ See the pitch deck a Wharton grad used to raise $30 million to tackle one of healthcare's most expensive problems
▼ + stars: | 2023-04-26 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Digestive health issues are common and costly to treat. The startup said this month that it raised $30 million from investors to scale its platform. Earlier this month, Oshi announced that it raised a $30 million Series B round led by Koch Disruptive Technologies. Oshi Health removed financial details from the pitch deck it used to raise $30 million in Series B before sharing the presentation with Insider. See the presentation Oshi Health used to raise $30 million:

☆ See the 16-slide presentation a startup used to sell CVS and Flare on a new approach to treating digestive issues like IBS
▼ + stars: | 2023-04-19 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Digestive health issues are common and costly to treat. The startup said this month that it raised $30 million from investors to scale its platform. That's what Oshi Health, a startup that offers care for digestive issues, wants to change. Oshi Health removed financial details from the pitch deck it used to raise $30 million in Series B before sharing the presentation with Insider. See the presentation Oshi Health used to raise $30 million:

☆ Elon Musk's $1 million Twitter bounty
▼ + stars: | 2023-04-04 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Elon Musk's $1 million bounty. Twitter CEO Elon Musk has some kind of bounty out for whomever is behind the botnets that he says target certain users and suppresses the reach of their tweets. Million dollar bounty if convicted" in response to a Twitter user who claimed that botnets "silence" certain accounts. Musk and the user were referring to a thread where another user analyzed Twitter's recently open-sourced algorithm. Twitter users called attention to the difficulty in seeing direct messages that mention "gay", "queer", and "trans."

☆ NASA Names Artemis II Crew for Mission to Fly by Moon in 2024
▼ + stars: | 2023-04-03 | by ( Micah Maidenberg | ) www.wsj.com time to read: 1 min

NASA and the Canadian Space Agency selected four astronauts to fly around the moon on a mission that would take people deep into space for the first time in decades. Americans Christina Koch , Victor Glover , and Reid Wiseman , and Canadian Jeremy Hansen , are the quartet chosen for the flight, officials from the two agencies said.

☆ NASA has flown 24 white American men to the moon. Now it's finally sending a woman, a Black astronaut, and a Canadian.
▼ + stars: | 2023-04-03 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

But the next mission, Artemis III, is set to drop two astronauts to the lunar surface. NASA/Ben SmegelskyNASA has promised that the following mission, Artemis III, will land a woman and a person of color on the moon for the first time ever. Those will be the first boots on the lunar surface since the last Apollo moon landing, in 1972. The agency is also working with SpaceX to turn the company's Starship into a lunar lander for the Artemis III moon touchdown. "We need to celebrate this moment in human history, because Artemis II is more than a mission to the moon and back.

☆ Former fighter pilot to be first Canadian to fly to the moon
▼ + stars: | 2023-04-03 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, April 3 (Reuters) - NASA on Monday said Canadian astronaut Jeremy Hansen will join a lunar flyby mission expected to take off for the moon in 2024 as part of an expedition that will make the former fighter pilot the first Canadian to explore beyond earth's orbit. Canadian Prime Minister Justin Trudeau, speaking to reporters in Quebec, said he was extraordinarily excited for Hansen. The mission, Artemis II, will also include the first woman, Christina Koch, and the first African American, Victor Glover, ever assigned as astronauts to a lunar mission. He served as a fighter pilot with the Royal Canadian Air Force between 2004 and 2009, before being picked for an astronaut recruitment program by the Canadian Space Agency. The crew members were announced by NASA and the Canadian Space Agency at an event near NASA's Johnson Space Center in Houston.

☆ NASA unveils the four astronauts who will fly on the Artemis 2 mission around the moon in 2024
▼ + stars: | 2023-04-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

NASA Administrator Bill Nelson, center, stands with the crew of the Artemis II mission, from left: Jeremy Hansen, Victor Glover, Reid Wiseman, and Christina Koch. The National Aeronautics and Space Administration on Monday announced the four astronauts who will fly on the agency's upcoming mission around the moon, currently scheduled for late 2024. Artemis II follows the uncrewed Artemis I mission, which completed a nearly month-long journey around the moon late last year. The Artemis II mission will launch on NASA's Space Launch System rocket, with the Orion capsule carrying the astronauts on a 10-day journey to the moon and back. While Artemis II won't land on the moon, it will make a near pass above the surface and demonstrate the Orion spacecraft's ability to transport people safely.

The 35-year-old man, whose name was given as Philipp F. in accordance with German privacy laws, killed six people and then himself when he opened fire on Thursday evening. The exact motives were still unknown, but officials said the gunman had previously expressed his hatred for Jehovah's Witnesses. According to a briefing given by police and prosecutors in Hamburg on Friday, Philipp F. was the licenced owner of a Heckler & Koch P30 semi-automatic handgun. "Philipp F. supposedly harbours a particular anger towards religious followers especially towards Jehovah's Witnesses and his former employer." When they met Philipp F., he was cooperative and gave no indication of mental health problems.

Eight other people were wounded, including a seven-months pregnant woman who lost her unborn daughter, police and prosecutors said at a news conference. Authorities identified the gunmman only as Philipp F. The 35-year-old, a German citizen and former Jehovah's Witness, began shooting through a window at the hall, where dozens of people were gathered, before entering. Following the previous shootings, Germany introduced stricter gun ownership rules and the government has announced plans to tighten controls further. Jehovah's Witnesses are an international Christian denomination that was founded in the United States in around 1870. The officials said about 50 people were at an event held in the Jehovah's Witness Kingdom Hall in the Alsterdorf district of the city when the shooting started.

The Justice Department’s decision to subpoena government witnesses who would normally testify voluntarily to help build the government’s criminal case was highly unusual, according to a half-dozen legal and animal welfare experts. The inspectors wanted APHIS to take a tougher stance against the company for the mistreatment of the beagles. Yet, this did not happen with any of the agency's inspections of Envigo, public records show. TENSIONS RISETensions between Gibbens and Miller escalated shortly after Envigo appealed some of the findings from the October inspection, emails show. Gibbens told Envigo APHIS would strike the citation because the company ultimately provided the requested information.

☆ Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024
▼ + stars: | 2023-03-06 | by ( David Marchese | ) www.nytimes.com time to read: +23 min

Photo illustration by Bráulio Amado Talk Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024For a good long time during the George W. Bush and Obama presidencies, Paul Ryan was considered one of the intellectual leaders and shining stars of the Republican Party. Get out of this race.” But I don’t think Trump is going to get the nomination. I don’t think we want the lack of liberty that comes with government-made equality. Where I part company with the left is I don’t believe in socialism. I don’t believe in equality of outcomes.

☆ Since David Solomon became Goldman Sachs CEO, more than 80 partners have left. See the running list here.
▼ + stars: | 2023-03-03 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

☆ Lithium-ion battery recycling company Li-Cycle scores $375 million conditional loan from Energy Department for Rochester plant
▼ + stars: | 2023-02-27 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

Battery recycling company Li-Cycle said Monday it's secured a conditional $375 million loan from the Department of Energy to develop a recycling facility for key battery materials near Rochester, New York. The Rochester facility will significantly expand Li-Cycle's reach. "I think of course we need both primary, meaning mine sources, and secondary…every unit counts of lithium, nickel, cobalt. I think with the overlay of the IRA and the overlay of the corporate targets around sourcing for these materials, recycling is going to be very important." Li-Cycle said it expects the loan to close during the second quarter, with the company planning to initiate commissioning of the Rochester facility late this year.

☆ Trump tried to seem unbothered by Ron DeSantis, but he can't stop writing angry Truth Social posts about him
▼ + stars: | 2023-02-20 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

But the former president just can't stop himself from writing Truth Social posts about DeSantis. Trump wrote. The Truth Social spree came after Trump tried to appear unbothered by DeSantis. On February 13, Trump wrote on Truth Social that he doesn't spend much time thinking about his rival at all, as Insider's Kimberly Leonard reported. It's clear Trump sees DeSantis as a real threatDonald Trump and Ron DeSantis.

☆ Bol breaks long-standing world indoor 400m record
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: 1 min

Feb 19 (Reuters) - Netherlands' Femke Bol ran the 400 metres in 49.26 seconds at the Dutch Indoor Championships in Apeldoorn on Sunday to break one of the longest-standing world records in track and field. Bol's time beat the previous record of 49.59 set by Czech athlete Jarmila Kratochvilova on March 7, 1982. When I crossed the line I knew that the record was mine because of the noise that the crowd made." The outdoor 400m world record is 47.60, which was set by German Marita Koch in 1985. Reporting by Aadi Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

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