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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSchneider Electric CEO: Go from grid to the chip, from chip to the chillerPeter Herweck, CEO of Schneider Electric, talks about the firm's acquisition of a controlling interest in cooling company Motivair Corp as part of Schneider Electric's data centre push.
Persons: Peter Herweck, Schneider Organizations: Schneider, Schneider Electric, Motivair Corp
Supino: Netflix can rightly claim it won the streaming wars.
  + stars: | 2024-10-17 | 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 EmailSupino: Netflix can rightly claim it won the streaming wars. Peter Supino, Managing Director & Senior Analyst at Wolfe Research, discusses Netflix's subscriber growth and engagement trends. While subscribers are up, he notes that engagement has declined due to the impact of the paid sharing program, which has led some password sharers not to convert to subscriptions.
Persons: Peter Supino Organizations: Netflix, Wolfe Research
Netflix is rolling in cash. What a turnaround!
  + stars: | 2024-10-17 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +4 min
Netflix makes money. Netflix is actually bringing in so much money that it is turning a profit, while its competitors struggle to break even. And Netflix financed all that cash incineration by taking on many billions of dollars in debt. In 2019, Netflix had negative cash flow of $3.3 billion. That doesn't mean Netflix is going to go hog-wild on spending now that its thesis has been borne out.
Persons: , it's, we'll, you've Organizations: Netflix, Service
Plasma exchange therapy is gaining popularity as a wellness trend among longevity-seekers. AdvertisementA medical treatment used for health emergencies and autoimmune disorders is becoming the hot new wellness trend for CEOs, athletes, and other longevity-seekers. He told Business Insider it helps remove toxins, some related to aging, that accumulate over time. Should you get a plasma exchange for longevity? Undergoing plasma treatment at a longevity clinic may not make sense for several reasons.
Persons: , Bryan Johnson, Peter Diamandis, Troy Aikman, Jonathann Kuo, Kuo, Brian Adkins, Adkins, Ryan Marino, Johnson, It's, Marino Organizations: Service, NFL, Extension Health, Conboy, University of California, University of Texas Southwestern Medical Center, Case Western Reserve University School of Medicine Locations: Berkeley, Barre
WASHINGTON — In a combative interview with Fox News, Kamala Harris said in the most emphatic terms to date that, if she wins the election, she would pursue an independent presidency that would not be a repeat of President Joe Biden’s nearly four years in office. “My presidency would not be a continuation of Joe Biden’s presidency,” Harris told interviewer Bret Baier, an anchor with Fox News. “And like every new president that comes to office, I will bring my life experiences and professional experiences” to the job. “I represent a new generation of leadership.”Harris’s declaration comes after she faced criticism over her recent interview on ABC’s “The View,” in which she could not identify any policy differences she’s had with Biden since serving as his vice president. Given Biden’s unpopularity in public opinion polls, Harris’s answer drew criticism that her tenure would be merely a Biden sequel.
Persons: Kamala Harris, Joe Biden’s, , ” Harris, Bret Baier, , ABC’s, Biden Organizations: Fox News Locations: WASHINGTON
The parents of a Massachusetts high school senior are suing his teacher, school district faculty members and a local school committee for punishments he received after he used artificial intelligence tools to research and create an outline for a history class essay. The lawsuit is one of the first of its kind in contesting school discipline over the use of AI to complete academic work. The complaint said the school’s AI policy was added to the Hingham High School student handbook only the year after the plaintiff’s son was punished. “It’s underregulated, especially in a school setting,” Peter Farrell, the family’s lawyer, said about AI in a phone interview. “AI is an output from a machine.”The student’s school district, Hingham Public Schools, said it was unable to provide further details during ongoing litigation and to respect the student’s privacy.
Persons: “ It’s, ” Peter Farrell, , ” Farrell, Farrell, Kareem Abdul, Jabbar, Dale, Jennifer Harris, He’s, ” Adam Nguyen, Ivy Link, Nguyen, Stanford Organizations: Ivy League, National Honor Society, Hingham High School, Hingham Public Schools, Stanford University, ACT, AP U.S, Artificial Intelligence, Ivy, Harvard Law School Locations: Massachusetts, Hingham
LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The weight-loss treatment firm and creator of Zepbound announced Monday that it would commit £279 million ($364 million) to help tackle Britain’s significant health challenges — including obesity. Within that, the five-year trial, conducted in collaboration with Health Innovation Manchester, will also explore how weight-loss drugs impact “participants’ employment status and sick days from work,” the company said in a news release. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.
Persons: Eli Lilly, Zepbound, , Rachel Batterham, Wes Streeting, Streeting, “ It’s, ” Streeting, Peter Verdault, , Dr, Dolly van Tulleken, Eli Lilly’s Organizations: LONDON, U.K, of Health, Social, Department for Science, Innovation, Technology, Labour government’s, Investment, National Health Services, Health Innovation, International Medical, British Health, Social Care, Covid, NHS can’t, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly, Labs Locations: Lilly, British, Europe
Parents in Massachusetts are suing a school over their son being punished for using AI. AdvertisementThe parents of a Massachusetts teenager are suing his high school, claiming their son was unfairly punished for using AI, as educators grapple with how to handle the widespread use of AI. AdvertisementJennifer and Dale Harris filed the lawsuit last month against Hingham High School, its administrators, and the school district, in which they alleged the defendants imposed "arbitrary and capricious" discipline on their child. Harris said that she would like to see the school "put in place an AI policy that makes sense." Matthew Sag, a professor of law in AI, machine learning, and data science at Emory University Law School, told BI that the school handbook's outlined policy is "hopelessly vague and unfair."
Persons: , they'd, Ryan Abbott, Jennifer, Dale Harris, Jennifer Harris, WCVB, WCBV, Harris, Matthew Sag, Sag, John Zerilli, Peter Farrell Organizations: Service, Study.com, University of Surrey, Hingham High School, National Honor Society, ACT, Stanford University, Stanford, Business, Artificial Intelligence, Emory University Law School, University of Edinburgh, Oxford Institute for Locations: Massachusetts, Hingham
Defector, which relies on subscription revenue, was a hit out of the gate. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Defector's revenue is now up to $4.6 million a year, and it's still profitable. Defector thinks it can combat this with gift links that paying subscribers can pass along to their friends.
Persons: Deadspin, , Tom Ley, Meredith DotDash, Jasper Wang, That's Organizations: Service, Media, Twitter, Google, Facebook
UK equities are cheap and aggregate, says strategist
  + stars: | 2024-10-16 | 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 EmailUK equities are cheap and aggregate, says strategistPeter Toogood, chief investment officer at Embark Group, discusses U.K. and European equity markets and the productivity issues affecting them.
Persons: Peter Toogood
The mysterious veil of the Treasury monument in Petra, Jordan, has been lifted once again. Beneath the ancient rock-cut building, archaeologists have uncovered a hidden tomb containing 12 relatively well-preserved human skeletons along with an extensive array of grave offerings. From left: Prof. Richard Bates, excavations at the Treasury. Courtesy of Professor Richard Bates / University of St. AndrewsInside were 12 human skeletons at their original burial site, including one grasping the top part of a broken jug that most likely dates to the first century BC. The discovery could provide new insight into the Treasury, whose purpose remains unknown, as well as the Nabatean people.
Persons: Al Khazneh, ” Richard Bates, Bates, Richard Bates, ” Bates, Steven Spielberg’s, Indiana Jones, Organizations: Treasury, UNESCO, University of St, NBC News, Jordanian Department of Antiquities, American Center of Research, Discovery Locations: Petra, Jordan, Nabatean Kingdom, Andrews, Scotland, American, Amman
Five bays equipped with self-serve kiosks provide entry and exit to the building's automated parking garage. Automated parking is a growing trend in high-end real estate where buildings from New York to Miami now come equipped with kiosks, car lifts and car-parking robots. One of five car lifts inside the automated parking system. The AGVs are essentially free roaming, self-charging, robo-parkers that use vision systems, lifts and lasers to precisely park and retrieve cars. An AGV prepares to park a Ferrari inside the Brickell House's automated parking system.
Persons: Ginger Monteleone, Monteleone, ParkPlus, Peter Manis, Manis, Billionaire Palmer Luckey, Luckey, Palmer Organizations: Brickell House, CNBC, Grand View Research, ParkPlus, Brickell, Ferrari, VR, Anduril Industries, Anduril Industries CNBC Locations: Miami, New York, Manhattan, North America, Brickell, ParkPlus Florida, Newport Beach , California
Why a 'no landing' scenario may take place after all
  + stars: | 2024-10-15 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
A soft landing occurs when economic growth slows just enough to bring down inflation below the Federal Reserve's 2% target without tipping the economy into a recession. She thinks the economy is experiencing a no-landing scenario as it continues to expand without slowing down. "So far, clearly bank earnings are coming in better than expected, both top line and bottom line. "The other thing that that's showing [is] that our call for the 'no landing' is actually playing out." It's not just bank earnings that point to solid economic growth.
Persons: BNY Wealth's Alicia Levine, Levine, It's, Peter Perkins Organizations: JPMorgan Chase, Bank of America, U.S, MRB Partners Locations: U.S, Wells Fargo
As has been the case for previous Woodward books, those who don’t come out well from his reporting publicly dismiss it. Woodward notes that neither Biden nor Trump spoke to him for this book, but he still got great access. It’s clear from a close reading of “War” that almost every top national security official in the Biden administration spoke with him. The Biden administration has halted the shipment of massive 2,000-pound bombs to Israel, but otherwise, the large flow of American weapons to the Jewish state continues. Coats told Woodward, “It’s still a mystery to me how he deals with Putin and what he says to Putin.
Persons: Bob Woodward, Woodward, , Donald Trump, Vladimir Putin, Trump, Putin, Joe Biden, Barack Obama, , Barack, ” Putin, Biden, CNN’s Jim Sciutto, it’s, Bush, ” Woodward, Robert Woodward, Nixon, Richard Nixon, … Trump, ” Biden, Bill Burns, Burns, Eric Green, Green “, ” Green, Here’s, Vadim Ghirda, Russia ”, Benjamin Netanyahu, Brendan Smialowski, Yahya Sinwar, Netanyahu, ” —, ” Netanyahu, Antony Blinken’s, Blinken, hasn’t, Kamala Harris, Defense Lloyd Austin, Jake Sullivan, Harris, “ Tell Bibi, Anna Moneymaker, Joe, “ Bibi, Dan Coats, Coats, “ It’s, , ” Trump Organizations: CNN, Washington Post, New York Times, Trump, White, Biden, United Nations, Pentagon, CIA, National Security, NATO, Ukraine, Turks, Russia, West Bank, Gaza Health Ministry, Israel, UN, Getty, Hamas, US, Brown University, Defense, , Prince George’s Community College, Intelligence Locations: Russian, Ukraine, Crimea, Afghanistan, Gaza, Russia, Woodward, Kyiv, Sweden, Finland, Kursk, Israel, Lebanon, Syria, Yemen, Tel Aviv, AFP, Iran, Rafah, Largo , Maryland, Scranton, Delaware
SpaceX made history as it returned its Super Heavy booster to its launch site in Texas. For Elon Musk, it was a chance to prove the doubters wrong — and he did. SpaceX Starship. Related storiesAnd Musk earned online applause from legions of Starship fans, including Google CEO Sundar Pichai. Wall Street analysts attributed the decline partly to skepticism over Tesla's ability to deliver fully autonomous driving.
Persons: Elon Musk, , SpaceX's, Musk, SERGIO FLORES, Dan Huot, Sundar Pichai, Tesla, Gretchen Newsom, Lex Fridman, Artemis, Peter Thiel Organizations: SpaceX, Super, Service, AFP, Getty, National Press Club, Google, Twitter, eventual, Wall Street, Warner Bros Studios, California Coastal Commission, Federal Emergency Management, Elon Locations: Texas, California
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024. LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. Speaking to CNBC last week, Citi pharmaceuticals analyst Peter Verdault said the body of evidence to support increased use of weight-loss drugs "keeps coming." The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.
Persons: Eli Lilly, Zepbound, Rachel Batterham, Lilly, Wes Streeting, Covid, Streeting, Peter Verdault, Dolly van Tulleken, Eli Lilly's Organizations: LONDON, U.K, Department of Health, Social, Department for Science, Innovation, Technology, Labour government's, Investment, National Health Services, Health Innovation, International Medical, Social Care, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly Locations: Brooklyn, New York, Europe
There is an impending wave of new startups spinning out of larger AI labs, per Air Street Capital's State of AI report. AI labs are fragmenting due to ego clashes, philosophical disagreements, and commercial pressures. But as AI labs work towards the sector's holy grail, known as artificial general intelligence, those personalities have clashed — sometimes leading to a very public parting of ways. They are just some of the examples in a long line of AI labs that have fractured away from their juggernaut predecessors to form new startups. The exception would be if AI labs pivot toward building a niche model within a specific vertical, he said.
Persons: , Ilya Sutskever, Andreessen Horowitz, StabilityAI's, H's cofounders, Sam Altman, Noel Hurley, they're, Nathan Benaich, Samir Kumar, Kumar, Peter J, Liu, Hurley, Benaich Organizations: Service, Sequoia, Black, Labs, TechCrunch, Accel, UiPath, NEA, Founders, Air Street Capital, Literal Labs, Touring Capital, Meta, Google Locations: Capital's, Paris, Sutskever
North Korea destroyed parts of roads and rail lines connecting it with South Korea. It comes after North Korea last week accused South Korea of flying drones over its capital. In response, South Korea fired warning shots within its own border, according to South Korea's Joint Chiefs of Staff. The detonations come after North Korea last week accused South Korea of flying drones over its capital Pyongyang. Howell added that historically, North Korea has stepped up provocations during US election years.
Persons: , Jim Hoare, Kim Jong, Kim Yo Jong, Edward Howell, Howell, ", Hoare, Peter Ward Organizations: North, Service, South Korea's, Chiefs, Staff, Inter, Korean, Office, Bloomberg, Korea, Chatham House, Bloomberg Economics, Sejong Institute, Financial Times Locations: Korea, South Korea, North Korea, South, British, Kaesong, Korean, Pyongyang, North, Seoul
Novelist James Patterson — along with a hardworking group of co-authors — generates multiple books a year. So I think that's kind of cool. I'm going to do a movie about cowboys and circuses! People don't think of them that way. So people ask — "What's the difference between James Patterson working with a group of people to make stuff in the voice of James Patterson and James Patterson using AI for the same thing?"
Persons: James Patterson —, that's, , James Patterson, he's, Tina Brown, Patterson, Bill Clinton, Stephen King, you'd, We'll, Clinton, We're, nobody's, I've, we've, Hillary, don't, Let's, Eric Trump, Bush, John, Grisham, Don, Henley, Joe Walsh Organizations: Service, Hollywood, Clinton, The Eagles Locations: Hollywood
AdvertisementThe acute lack of customers was somewhat surprising, given that Causeway Bay Books is pretty well-known. It all started in Hong KongFor 20 years, Lam founded and managed the original bookstore in Hong Kong — set up in and named after a vibrant district on Hong Kong Island. But the people who go to Causeway Bay Books — whose mainstays are books on politics and history — know what they are looking for. You shouldn't call it Hong Kong but Chinese Hong Kong," Lam said. Although he still misses Hong Kong from time to time, he says it's no longer the place he once knew.
Persons: kee, Lam, , Hong Kong —, Kongers, Xi Jinping's, Ben Cheng, Huileng Tan, Hong Kongers, Taipei —, Wang, boisterously, Hong, China —, Hong Kong's, Zero, Peter Parks, Cheng, it's Organizations: Chinese Communist Party, Service, Taiwan Beer, Congressional, Commission, Taiwan, Fo Guang, New Taiwan, Hong Kongers, National Taiwan Normal University Locations: Lam, Hong Kong, Taipei, Taiwan, China, Beijing, Fo Guang University, Hong, America, AFP
HONG KONG — A pair of giant pandas began their journey Monday from China to the Smithsonian's National Zoo in Washington, where they will begin a 10-year residence in the nation’s capital, weeks before the presidential election. The pair left for the airport from the China Conservation and Research Center's Dujiangyan Panda Base in the country's southwest Sichuan province, the China Wildlife Conservation Association said in a statement. San Francisco Mayor London Breed has also said that the city’s zoo is preparing to receive its first pair of pandas from China. The impending arrival of the National Zoo’s two new bears was announced in May in a video with first lady Jill Biden. The bears are endemic to China and viewed as a national symbol.
Persons: Bao Li, Qing Bao, , , Mei Xiang, Tian Tian, Xiao Qi Ji, Xi Jinping, Joe Biden, Yun Chuan, Xin Bao, San Francisco Mayor London Breed, Jill Biden, Qing, Lun Lun, Yang Yang, Ya Lun, Lun, Nixon’s Organizations: China Conservation, Research, China Wildlife Conservation Association, San Diego Zoo, San Francisco Mayor London, San, U.S, World Wildlife Foundation Locations: HONG KONG, China, Washington, United States, Sichuan, U.S, San Diego, Zoo Atlanta, Beijing, Finland
HONG KONG — China conducted large-scale military drills around Taiwan on Monday in what it said was a warning to “independence forces” on the Beijing-claimed island. The exercises had been expected after Beijing criticized a speech last week by Taiwan President Lai Ching-te. China, which has not ruled out the use of force in achieving its unification goal, views Lai as a separatist and a “troublemaker.” The Chinese military also held two days of “punishment” drills around Taiwan after his inauguration in May. “The existence of the Republic of China is an undeniable fact,” it said in a statement, using the formal name for Taiwan. Lai said in his speech that Taiwan and China were “not subordinate to each other.”“On this land, democracy and freedom are growing and thriving.
Persons: , Lai Ching, Lai, Li Xi, Mao Ning Organizations: Taiwan, Chinese Defense Ministry, ‘ Taiwan, Theater Command, Taiwan’s Ministry of National Defense, Mainland Affairs Council, Chinese Communist Party, Foreign Ministry Locations: HONG KONG — China, Taiwan, Beijing, China, ‘ Taiwan Independence, Republic of China, Taiwan Strait, ” China, People’s Republic of China
Is that what’s going on?”Invoking Trump’s medical history may serve a particular purpose for Harris, reminding voters that they're a generation apart in age and that at 78, Trump is the oldest presidential nominee in U.S. history. Trump told CBS News in August that he would release his medical records. Holding clipboards, Democratic campaign aides approached Harris supporters as they stood in line to enter the arena Sunday, inviting them to knock on doors on her behalf and to staff phone banks. And let’s handle November.”Supporters lined up hours before Harris’ appearance at the East Carolina University basketball arena. A disc jockey kept Harris’ supporters entertained as they waited for her to take the stage, something of a campaign novelty meant to keep the crowd energized throughout.
Persons: Kamala Harris, Donald Trump, Harris, Trump, , Trump hasn’t, ” Harris, ” Steven Cheung, Ronny Jackson, Trump’s, , hasn’t, Barack Obama, Obama, Jimmy Carter, Holding, Chris Schulte, she’s, weaponize, Justice Department “, Harris ’, Tanyetta Hill, they’ve Organizations: CBS, , White, CBS News, White House, Republican, Democratic, Trump, Justice Department, East Carolina University, Commodores, Democratic Party Locations: GREENVILLE, N.C, North Carolina, America, United States, Texas, Carolina, Onslow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina will probably hit its 5% growth target for 2024: Z-Ben AdvisorsPeter Alexander, founder and managing director at Z-ben Advisors, says "really stepping in with some form of fiscal stimulus is a break in the pattern."
Persons: Ben, Peter Alexander Organizations: China, ben Advisors
For God, for country, for rain
  + stars: | 2024-10-14 | by ( Jessica Lucas | ) www.businessinsider.com   time to read: +24 min
It's 9:30 a.m., and Augustus Doricko, the mulleted 24-year-old founder of the cloud-seeding company Rainmaker, is clutching a coffee. There's a long way to go before cloud seeding becomes a viable option for solving one of humanity's many self-made crises. El Segundo, population 17,272, has long been a bastion of American engineering, home to aerospace and defense giants like Boeing and Raytheon. Jett Lara for BIThe burning happens every Friday around 8 p.m. at a bonfire on El Segundo Beach. One of Doricko's goals is to build a church in El Segundo to "share the grace of God with other people."
Persons: Augustus Doricko, Bruno Mars, Doricko, Jessica, I'd, Jesus, He'd, that's, Rainmaker, Lauren Sánchez, Jett Lara, Billy Ray Cyrus, God, Augustus Doricko Doricko's, Cameron Schiller, Augustus, Schiller, El, That's, it's, El Segundo, Elon Musk, Isaiah Taylor, Doricko's, Taylor, Rob Coutts, , Jesus of Nazareth, Zer, he'd, Jason Flynt, Flynt, Terra, Michael Gibson, Sarah Tessendorf's, messaged Gibson, Michael, Gibson, Thiel, Peter Thiel, I'm, Katja Friedrich, Friedrich, Friedrich isn't, Jonathan Jennings, Kaitlyn Suski, dumbbells, Jackson Schultz, Elijah, birdsong, Schultz, We're, coffees, Mankind Organizations: MGM, Association, Aspen Ideas, Global Initiative, BI, El, Boeing, Raytheon, Space Industries, Chevrolet, Stamford Yacht Club, New Zealand, University of California, BI Doricko, drillers, Terra Seco, Thiel Foundation, Terra, tech's, Weather Locations: Vegas, Tennessee, El Segundo, Los Angeles, America, Silicon, Santa Clarita, Rainmaker, Beijing, Colorado, California, Smoky, El Segundo Beach, North Carolina, Texas, Stamford , Connecticut, New, Costa, Berkeley, Christianity, Fort Worth , Texas, Terra Seco, drawdowns, Lake Mead, Las Vegas, Phoenix, Juul, Fresno, San Jose, Dubai, UAE, Midwest, West Texas, New Mexico , Arizona , Nevada, Amsterdam, Milan
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