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☆ Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
▼ + stars: | 2024-06-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Krispy Kreme — Shares of the company rose 2% after it was upgraded to overweight at JPMorgan.

Persons: Keith Gill, Gill, Stericycle, CNBC's David Faber, Skydance, Shari Redstone, Jim Anderson, Esam, Dickinson, Edwards, Narendra Modi, Claudia Sheinbaum, Cava, Blackwell, Krispy Kreme, Masimo, Piper, Piper Sandler, Goldman Sachs, Goldman, — CNBC's Sean Colon, Yun Li, Pia Singh, Michelle Fox, Christina Cheddar, Berk Organizations: GameStop, DeepF, AMC, New York Stock Exchange, Waste Management, Spotify, GSK, Court, Paramount Global, Lattice Semiconductor, Company, Bloomberg News, JPMorgan, Nvidia, AMD, Bank of America, Therapeutics, Autodesk Locations: U.S, Swedish, Delaware, Becton, India, Mexico

☆ Stocks making the biggest moves premarket: GameStop, Stericycle, MarineMax, Paramount and more
▼ + stars: | 2024-06-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Waste Management , SteriCycle — Shares of medical waste-disposal company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste Management fell 1.5%. MarineMax — MarineMax, a recreational boat and yacht services company, popped 19% on a report that OneWater Marine is in talks to buy the company for $40 a share in cash. Boston Beer Company — Shares slid 11% after Bloomberg reported that Japanese brewer and distiller Suntory denied it's in talks to buy the Samuel Adams owner. Paramount Global — Shares added more than 6% after Skydance Media revised its buyout offer for Paramount and gave nonvoting shareholders an option to cash out Paramount Class B shares at a roughly 26% premium to Friday's close.

Persons: Keith Gill, Kitty, Stericycle, —, Cava, Rubin, Blackwell, it's, Samuel Adams, Alex Harring, Brian Evans, Michelle Fox Theobald Organizations: GameStop, AMC Entertainment, AMC, Waste Management, Bloomberg, JPMorgan, Nvidia, AMD, Monday, Sunday, Bank of America, Boston Beer, Suntory, Street, Citi, Spotify, GSK, Autodesk — Autodesk, Paramount, Skydance Media Locations: Cava, Taipei, U.S, Delaware

☆ Spotify CEO does damage control after his 'reductive' comments about creators spark backlash
▼ + stars: | 2024-06-03 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Spotify's CEO is clarifying comments he made about content creation after drawing backlash. Daniel Ek said last week the cost of content creation was "close to zero," and people got upset. AdvertisementSpotify's CEO is doing some damage control after upsetting users with "reductive" comments about content creation. "Today, with the cost of creating content being close to zero, people can share an incredible amount of content," he wrote. "This has sparked my curiosity about the concept of long shelf life versus short shelf life.

Persons: Daniel Ek, — Organizations: Service, Business

☆ Monday’s rapid-fire: WM, Becton Dickinson, Boston Beer, Paramount, Spotify
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday’s rapid-fire: WM, Becton Dickinson, Boston Beer, Paramount, SpotifyJim Cramer looks at five stocks outside the CNBC Investing Club’s portfolio.

Persons: Becton Dickinson, Jim Cramer Organizations: Boston Beer, Paramount, CNBC

☆ I tracked all the ads I received in a day — here's what I saw
▼ + stars: | 2024-06-02 | by ( Ana Altchek | ) www.businessinsider.com time to read: +8 min

When my editor asked me to track all the ads I saw in a day, I wasn't sure how it would go. To personalize Google ads, for example, you can go to "My Ad Center" and opt to turn personalized ads on or off in the top-right corner. If you turn them on, Google will use the information it collects about you to give you more personalized ads. I decided to keep personalized ads off for Google because that's how I usually have it. I also found some of the TikTok ads interesting or helpful.

Persons: —, Elon Musk's X, Instagram, I'm, Ana Altchek, I've Organizations: Service, Business, Google, Facebook, YouTube, Urban Outfitters, Netflix, Amazon, Spotify

☆ Opinion: This deal can end the war in Gaza
▼ + stars: | 2024-06-01 | by ( Peter Bergen | ) edition.cnn.com time to read: +8 min

CNN —It’s taken more than half a year, but, finally, President Joe Biden has publicly unveiled an Israeli plan that could end the bloodshed in Gaza. But getting the two sides to actually agree to — and implement — the peace plan is far from a certainty. As the Gaza war continues, Israel’s dreams of normalization with the Arab world will steadily erode. Support for the Gaza war among Americans has dropped from 50% at the beginning of the war in November to 36% in March, according to Gallup. Evan Vucci/APNetanyahu also keeps fighting the Gaza war with no real plan for the “day after,” in short, without a strategy.

Persons: Peter Bergen, ”, Osama bin Laden, CNN — It’s, Joe Biden, Yahya Sinwar, Benjamin Netanyahu, Netanyahu, Biden, Chuck Schumer, Schumer, “, ” Schumer, Harry Truman, Donald, Evan Vucci, Sun Tzu, Max, Tacitus, Israel’s, Benjamin Netanyahu's, Maya Alleruzzo, — Organizations: New, Arizona State University, Apple, Spotify, CNN, Hamas, Politico, Gaza Health Ministry, Gallup, US, Democrat, Israel, American, White, Biden, Israeli, Twitter, Facebook, UN Locations: New America, Gaza, United States, Hiroshima, Nagasaki, Japan, Palestinian, Michigan, Israel, Washington, Tel Aviv, United, Qatar, Egypt

Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, Google found itself in more turmoil, this time over its new AI Overviews feature and a trove of leaked internal documents. Then Josh Batson, a researcher at the A.I. And finally, we take a look at recent developments in A.I. safety, after Casey’s early access to OpenAI’s new souped-up voice assistant was taken away for safety reasons. Guests:Josh Batson, research scientist at AnthropicAdditional Reading:

Persons: Josh Batson, Claude Organizations: Apple, Spotify, Google

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

☆ Lily Allen says her husband, actor David Harbour, controls the apps on her phone
▼ + stars: | 2024-05-27 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

Lily Allen says her husband, David Harbour, has control over the apps she has on her phone. "It has no browsing capability and no social media, but you can still have Uber and Spotify," she told The Sunday Times. AdvertisementLily Allen, 39, says her husband, David Harbour, has control over the apps that she has on her phone. It has no browsing capability and no social media, but you can still have Uber and Spotify," Allen told The Sunday Times. "My husband is the caregiver on it, so he controls what I'm allowed to have as an app on my phone."

Persons: Lily Allen, David Harbour, —, Miquita Oliver, Allen Organizations: Sunday Times, Service, Business

Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, more drama at OpenAI: The company wanted Scarlett Johansson to be a voice of GPT-4o, she said no … but something got lost in translation. Then we talk with Noland Arbaugh, the first person to get Elon Musk’s Neuralink device implanted in his brain, about how his brain-computer interface has changed his life. And finally, the Times’s Karen Weise reports back from Microsoft’s developer conference, where the big buzz was that the company’s new line of A.I. PCs will record every single thing you do on the device. Guests:Noland Arbaugh, the first Neuralink patientKaren Weise, technology correspondent for The New York TimesAdditional Reading:

Persons: Scarlett Johansson, Noland Arbaugh, Elon Musk’s, Karen Weise Organizations: Apple, Spotify, The New York Times

☆ True believers in Spotify's Car Thing are furious it's getting bricked
▼ + stars: | 2024-05-24 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Spotify is bricking Car Thing, its first hardware launch. That's because as of December 9, the streaming platform's Car Thing is being discontinued and getting bricked. Car Thing is a small touchscreen device targeting owners of older cars without infotainment systems. It connects to smartphones and car speakers, enabling drivers to control Spotify with voice recognition and buttons. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Spotify, Service, Business

☆ Opinion | ‘Artificial Intelligence?’ No, Collective Intelligence.
▼ + stars: | 2024-05-24 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

A.I.-generated art has flooded the internet, and a lot of it is derivative, even boring or offensive. called “Spawn” trained on human voices that adds an uncanny yet oddly personal layer to the music. Beyond her music and visual art, Herndon is trying to solve a problem that many creative people are encountering as A.I. baby,” Spawn, on “PROTO”; how A.I. voice imitators grew out of electronic music and other musical genres; why Herndon prefers the term “collective intelligence” to “artificial intelligence”; why an “opt-in” model could help us retain more control of our work as A.I.

Persons: Holly Herndon, Mathew Dryhurst, Jules LaPlace, ”, Herndon, Jordan Meyer, Patrick Hoepner, “, Ezra Klein Organizations: Apple, Spotify, Amazon Music, YouTube Locations: Dryhurst

☆ I cold-emailed Mark Cuban and a Meta exec, and they both responded. Here's how I worded it.
▼ + stars: | 2024-05-23 | by ( Andrew Yeung | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Share genuine gratitudeIt doesn't hurt to include genuine appreciation and praise for the person you're contacting. Do research on the person you're reaching out to. If you have a strong mutual relationship, ask for an in-person meeting. Set aside 20 minutes a week to intentionally expand your network, and you'll find yourself attracting more opportunities, relationships, and wealth.

Persons: —, I've, It's, Mark Cuban, Andrew Yeung Organizations: Service, Business, Spotify, Meta, Google, Silicon, Tech, Fortune, LinkedIn, ABC Company, Facebook, Business Planning, Next Locations: South East

☆ 14 music-tech startups helping to shape the business as it's shaken up by AI
▼ + stars: | 2024-05-23 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Industry professionals (and their lawyers) are scrutinizing how AI models are trained and evaluating new ways to pay creators for derivative work. Entertainment lawyers are busy crafting ways to protect against AI companies exploiting their clients' intellectual property. Still, the music industry is benefiting from the tech revolution in many ways, collecting billions in revenue from streaming apps and other platforms. For our third annual list of impactful music-tech startups, BI looked for companies that are changing the ways music is created, distributed, and consumed in 2024.

Persons: —, We've, Jordan Bradley, Sam Hamad, Gregg Lehrman Organizations: Service, Business, Industry, Entertainment

☆ Billie Eilish and Taylor Swift Race for No. 1
▼ + stars: | 2024-05-23 | by ( Joe Coscarelli | ) www.nytimes.com time to read: +1 min

A cold war between pop music titans — or at least their mobilizing fan bases and record labels — turned into a digital arms race this week as both Taylor Swift and Billie Eilish gunned for the No. 1 spot on next week’s Billboard album chart. But Eilish’s well-reviewed new album, “Hit Me Hard and Soft,” is challenging for No. 1 in its debut, as its 10 songs prove popular on streaming services like Spotify. (Even before those comments, Eilish’s brother and main collaborator, Finneas, had once been heard on a hot mic joking about being “sued by Taylor Swift” after performing with an artist who had criticized her work.)

Persons: —, Taylor Swift, Billie Eilish, Swift, Eilish, Eilish’s, Finneas, “ Organizations: Poets Department, Spotify

☆ Amazon plans to give Alexa an AI overhaul — and a monthly subscription price
▼ + stars: | 2024-05-22 | by ( Kate Rooney | ) www.cnbc.com time to read: +4 min

Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon's plans. Amazon's subscription for Alexa will not be included in the $139 per year Prime offering, and Amazon has not yet nailed down the price point, one source said. The Alexa team worried they had invented an expensive alarm clock, weather machine and way to play Spotify music, one source said. When reached for comment, Amazon pointed to the company's annual shareholder letter released last month. It has undergone a massive reorganization, with much of the team shifting to the artificial general intelligence, or AGI, team, according to three sources.

Persons: OpenAI, Siri, Apple's, Scott Galloway, Alexa, Jeff Bezos, Andy Jassy, Jassy, Alexa didn't Organizations: Alexa, Google, Amazon, Gemini, iPhones, NYU, Spotify Locations: Seattle

☆ Opinion: The International Criminal Court’s threat to Netanyahu
▼ + stars: | 2024-05-21 | by ( Peter Bergen | ) edition.cnn.com time to read: +7 min

Israeli Prime Minister Benjamin Netanyahu would effectively become a pariah who wouldn't be able to travel to most countries if the International Criminal Court were to approve the arrest warrant. Those 124 countries would be duty-bound to arrest Netanyahu were the court to issue an arrest warrant for him. Already France and Belgium have issued statements in support of the ICC‘s requests for Netanyahu’s arrest warrant. In the United States, there has been predictable pushback against the ICC move to try to issue an arrest warrant against Netanyahu. The ICC’s move to seek an arrest warrant for Netanyahu may only harden his resolve to continue the war in Gaza seemingly indefinitely.

Persons: Peter Bergen, ”, Qatar CNN —, Moammar Gadhafi, Vladimir Putin, Benjamin Netanyahu, Netanyahu, Joan Donoghue, Abir, Karim Khan, CNN’s Christiane Amanpour, Yoav Gallant, Khan, Yahya Sinwar, Israel, Israel’s, Mitch McConnell fulminated, Joe Biden, Putin, Putin “, he’s, Republican Sen, Lindsey Graham of, Facebook I’m Organizations: New, Arizona State University, Apple, Spotify, CNN, Doha, Qatar CNN, Israeli, International, ICC, International Court of Justice, BBC, Getty Images, European Union, Republican, Biden, Street, Twitter, Facebook, Global Security, Hamas, The Times Locations: New America, Qatar, Nuremberg, Gaza, Israel, Africa, United States, United Kingdom, Germany, France, Belgium, Ukraine, Lindsey Graham of South Carolina

☆ Opinion | A Conservative Futurist and a Supply-Side Liberal Walk Into a Podcast …
▼ + stars: | 2024-05-21 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

And based on the internal math of the show, George Jetson, the dad, was born in 2022. There were a lot of future-trippers in the 1960s, and most of them would be pretty disappointed by how that future turned out. I’ve been spending a lot of time studying that decade in my work, trying to understand why America is so bad at building today. So Pethokoukis and I are asking similar questions and circling the same period, but from very different ideological vantages. “The two screamingly obvious things that we stopped doing is we stopped spending on science, research and development the way we did in the 1960s,” he tells me, “and we began to regulate our economy as if regulation would have no impact on innovation.”

Persons: ”, George Jetson, He’d, I’ve, James Pethokoukis, “, Ezra Klein Organizations: Apple, Spotify, Amazon Music, YouTube, American Enterprise Institute, Conservative Locations: America

☆ Opinion | The Disastrous Relationship Between Israel, Palestinians and the U.N.
▼ + stars: | 2024-05-17 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

The international legal system was created to prevent the atrocities of World War II from happening again. The United Nations partitioned historic Palestine to create the states of Israel and Palestine, but also left Palestinians with decades of false promises. So what is international law actually for? Aslı Ü. Bâli is a professor at Yale Law School who specializes in international and comparative law. “The fact that people break the law and sometimes get away with it doesn’t mean the law doesn’t exist and doesn’t have force,” she argues.

Persons: “, Ezra Klein, ” Organizations: United Nations, Apple, Spotify, Amazon Music, YouTube, Yale Law School Locations: Palestine, Israel, Gaza, Syria, Yemen, Ethiopia

☆ D1 Capital hikes its bet on this entertainment stock by more than 400%, shifts Big Tech holdings
▼ + stars: | 2024-05-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Dan Sundheim's D1 Capital Partners raised its stake by more than 400% in a live entertainment stock during the first quarter, while reallocating funds across major technology winners. Keeping with the entertainment theme, Sundheim also opened a fresh $151 million position in music streamer Spotify Technology . Meta was the firm's fourth-largest position, totaling $382 million at the end of the period, despite a 37% cut. The hedge fund amassed a fresh $218 million stake in Pfizer during the period, making it the firm's 10 largest holding. D1 Capital also opened a position in UnitedHealth , while trimming Elevance Health and diabetes and medical device maker Insulet .

Persons: Dan Sundheim's, Sundheim, Meta, Philip Morris Organizations: Capital Partners, Entertainment, Spotify, Big Tech, Microsoft, Meta, Philip Morris International, Pfizer, D1, GE Vernova, Royal, Mastercard, Visa Locations: UnitedHealth, Royal Caribbean

☆ Stephen Mandel’s Lone Pine Capital reveals new stakes in AI-related power producers
▼ + stars: | 2024-05-17 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Lone Pine Capital made new bets on some high-performing power producers and one big streaming company in the first quarter, a new Securities and Exchange Commission filing shows. Lone Pine, founded by Stephen Mandel in 1997, added a $446.7 million position in Vistra Corp. and a $161.9 million stake in Constellation Energy in the first quarter. Lone Pine also added new positions in drug and medical supplies distributor McKesson and mobile tech company AppLovin , worth about $368 million and $300 million, respectively. The new additions came as Lone Pine significantly cut its holdings in three big tech companies: Meta Platforms, Taiwan Semiconductor and Amazon . Microsoft is Lone Pine's third-largest position, trailing Taiwan Semiconductor, which Lone Pine reduced by 11%.

Persons: Lone Pine, Stephen Mandel, Mandel, Mark Zuckerberg, Philip Morris, Julian Robertson Organizations: Lone Pine Capital, Securities and Exchange Commission, Vistra Corp, Constellation Energy, Constellation, Taiwan Semiconductor, Microsoft, Meta, Philip Morris International, UnitedHealth Group, GE Aerospace, GE, Cubs Locations: Lone, Vistra, U.S, Greenwich , Connecticut, Meta

Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, OpenAI unveiled GPT-4o, its newest A.I. It has an uncannily emotive voice that everybody is talking about. Then, we break down the biggest announcements from Google IO, including the launch of A.I. overviews, a major change to search that threatens the way the entire web functions. And finally, Kevin and Casey discuss the weirdest headlines from the week in another round of HatGPT.

Persons: OpenAI, Kevin, Casey Organizations: Apple, Spotify, Google

☆ 3 tricks legacy media companies can learn from social-video platforms, per a new Accenture report
▼ + stars: | 2024-05-16 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +5 min

Read previewTraditional media and entertainment companies must undergo "radical levels of reinvention," John Peters, Accenture's lead for media and entertainment clients, told Business Insider. Traditional media companies, like live broadcasting or linear channels, are "seeing viewership migrate away from their platforms," Peters said. Advertisement"They're increasingly moving to social media and social video platforms and video games," Peters said. Here are three things that traditional media companies can learn from social media giants, per the Accenture report. AdvertisementPeters also pointed to events like the annual Academy Awards or live sports as opportunities for media companies to use UGC.

Persons: —, John Peters, Accenture's, Peters, Goldman Sachs, Nikki Mendonca, Mendonca, Elon Organizations: Service, Accenture, Business, Media Industry, Netflix, Hulu, WARC Media, Meta, Media, UGC, Apple, Google, Spotify, Disney Locations: North America, Europe, Asia, America

Thedieck, now 31, is still in the military, and has gotten an awful lot of what he's wanted ever since. Darren Thedieck, age 31, joined the Air Force at age 18. Saving on a military salaryThedieck was interested in saving and investing long before he joined the Air Force. Right now, though, the plan is for that money to provide a financial "cushion" for the family, Thedieck says. Instead of full retirement after military life, both he and Naudia plan to take off in a new direction.

Persons: Darren Thedieck wasn't, he's, Thedieck, He's, Darren Thedieck, Andrea Ferro, Naudia, Denmark —, he'll, — Warren Buffett, Benjamin Graham, Darren, That's, They're Organizations: CNBC, U.S . Air Force, Air Force, titans, Social Security, Service Credit Union, Apple, Disney, Netflix, Spotify, FIRE Locations: Las Vegas, England, South Korea, Germany, Aviano, Italy, Venice, Denmark, United States

☆ YouTube blocks videos of Hong Kong protest song after local court order
▼ + stars: | 2024-05-15 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

CNN —YouTube has blocked access to a popular protest song in Hong Kong, a week after a court in the city granted a government request to ban the anthem. The ballad contains lyrics that reference the phrase “liberate Hong Kong, revolution of our times,” a protest slogan that was already outlawed in 2020. The Hong Kong government and courts had said the phrase had secessionist and subversive connotations. CNN has reached out to the Hong Kong Department of Justice for comment. Hong Kong was promised key freedoms and autonomy to run its own affairs after it was handed over from British rule to China in 1997.

Persons: We’ll, ”, Hong Kong ”, Jeff Paine, Paul Lam, Hong Kong, Hong Kong’s Organizations: CNN, YouTube, Google, ” CNN, Spotify, Hong, Asia Internet Coalition, Meta, Hong Kong Department of Justice, Hong Kong, “, Volunteers, ”, Hong Kong’s Department of Justice Locations: Hong Kong, Beijing, Hong, China

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