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NEW ORLEANS (AP) — A federal appeals court Friday significantly whittled down a lower court's order curbing Biden administration communications with social media companies over controversial content about COVID-19 and other issues. Circuit Court of Appeals in New Orleans on Friday said the White House, the Surgeon General, the Centers for Disease Control and the FBI cannot “coerce” social media platforms to take down posts the government doesn’t like. Even the appeals court’s softened order doesn’t take effect immediately. The administration has 10 days to seek a Supreme Court review. The case was heard by judges Jennifer Walker Elrod and Edith Brown Clement, nominated to the court by former President George W. Bush; and Don Willett, nominated by former President Donald Trump.
Persons: evening's, Joe Biden’s, Hunter, Jeff Landry, , Terry Doughty's, Friday's, Jennifer Walker Elrod, Edith Brown Clement, George W ., Don Willett, Donald Trump, Doughty Organizations: ORLEANS, , Biden, U.S, Circuit, Centers for Disease Control, FBI, Facebook, District, National Institute of Allergy, Infrastructure Agency, State Department, Trump Locations: New Orleans, Louisiana, Missouri, U.S
Top summer movies of 2023, domestic Warner Bros.' "Barbie" — $612.3 millionSony's "Spider-Man: Across the Spider-Verse" — $381.2 millionDisney's "Guardians of the Galaxy Vol. Still, the 2023 summer box office managed to trail pre-pandemic levels by just 5.9%, or a little more than $200 million, according to data from Comscore. "Perhaps the most notable aspect of the summer movie season of '23 was its volatility," said Paul Dergarabedian, senior media analyst at Comscore. "Barbie," a partnership between Warner Bros. and Mattel , generated $612.3 million between its July 21 release and Labor Day, representing 15% of the total summer box office. Warner Bros.
Persons: Barbie, Oppenheimer, Taylor, Swift, Paul Dergarabedian, Tom Cruise, Indiana Jones, Rebecca Ferguson, Denis Villeneuve's Organizations: Warner Bros, Hollywood, Labor, Guardians, DC, Mattel, Angel Studios Locations: Hollywood, U.S, Canada
Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the company said the cost-cutting measures aim to bring down its year-over-year operating expense growth rate. The company added that it expects adjusted third-quarter revenue of between $835 million and $875 million, up from a prior forecast of $815 million. In addition, Roku raised its third-quarter guidance for adjusted EBITDA to a range of negative $40 million to negative $20 million compared to a prior estimate of negative $50 million. Roku expects impairment and restructuring charges in the third quarter of up to $330 million, including a range of $160 million to $200 million related to office facilities, and $45 million to $65 million related to the job cuts.
Persons: Roku, Jim Cramer Locations: San Jose , California
He has also sued, in a separate lawsuit, conspiracy theorist and pillow salesman Mike Lindell. "They had no credible evidence of any 'Antifa conference call;' that Dr. Coomer was part of this purported call; or that Dr. Coomer committed election fraud. Coomer still has ongoing lawsuits against election conspiracy theoristsThe conspiracy theories, Coomer said in his lawsuit, led to "an onslaught of harassment and credible death threats issued against him." Drew Angerer/Getty ImagesCoomer filed his lawsuit separately from Dominion, which has separate pending lawsuits against OAN, Newsmax, Giuliani, and Powell. It was the first settlement from a news organization in a defamation lawsuit filed over 2020 election conspiracy theories.
Persons: OAN, Eric Coomer, Coomer, Donald Trump's, — OAN, Chanel Rion, Herring Networks —, Law360, OAN didn't, Trump's, Sidney Powell, Rudy Giuliani, Newsmax, Mike Lindell, Rion, Trump, OANN, Eric Coomer's, Drew Angerer, Giuliani, Powell Organizations: Dominion, Service, America, Network, Dominion Voting Systems, Court, White, Herring Networks, Inc, dba, News Network, Fox, Dominion Representatives, Coomer, OAN, Twitter, Fox News Locations: Wall, Silicon, Denver County, Colorado, Coomer, Dominion
Weight-loss startup Calibrate has struggled to get patients access to buzzy drugs like Ozempic. Kenyon's startup Calibrate, which she launched in June 2020, is one of the healthcare companies feeding the frenzy. CalibrateThe company is now running up against several massive challenges: Weight-loss drugs are expensive and in short supply, and health insurers are increasingly reluctant to pay for them. Kenyon said about 20% of Calibrate members do not have coverage for weight-loss medications, and around half of those people request refunds from Calibrate. Want to tell us about your experience with Calibrate or weight-loss drugs?
Persons: lightbulb, Isabelle Kenyon, Kenyon, Jenny Craig, OptumRx, She's, she's, Saxenda, , weren't, It's, they've, Holly, hadn't, hasn't, Claire Rosenzweig, Rosenzweig, it's, Andrew Kelly, Shelby Livingston, Rebecca Torrence Organizations: New, Tiger Global, Founders Fund, Optum Ventures, FedEx, Food and Drug Administration, Jefferies, Better Business Bureau, BBB, Better Business, Metropolitan New, Better, Apple, Businessolver, Optum, UnitedHealth, Employees, REUTERS, Madryn Asset Management, SM Ventures, Ventures Locations: America, New York, Danish, GLP, Florida, Metropolitan New York, slivingston@insider.com, rtorrence@insider.com
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 1, 2023. The pan-European STOXX 600 index (.STOXX) rose 0.6% by 0720 GMT, following a three-session losing run. Novo Nordisk (NOVOb.CO) rose 1.6% to hit a record high after the Danish drugmaker launched its weight-loss injection Wegovy in Britain. Novo, with a market capitalisation of $424.7 billion, unseated LVMH (LVMH.PA) as Europe's most valuable listed company on Friday. Shares of German real estate firm Vonovia (VNAn.DE) rose 1.5% after Morgan Stanley upgraded the stock to "equal-weight" from "underweight".
Persons: LVMH, Morgan Stanley, Sruthi Shankar, Eileen Soreng Organizations: REUTERS, Staff, drugmaker Novo, Miners, Reuters, Novo Nordisk, Danish drugmaker, Thomson Locations: Frankfurt, Germany, Asia, China, Danish, Britain, Bengaluru
LONDON, Sept 1 (Reuters) - Chinese battery maker Gotion High Tech (002074.SZ) is buying a 25% stake in Slovak battery maker Inobat and will provide supply chain and technology support as the startup scales up production of electric vehicle batteries, the companies said on Thursday. Inobat said the investment will provide it access to Gotion's research and development, as well as to the Chinese battery maker's raw materials including lithium, and to cell production and recycling capabilities. Gotion said last year that it plans to locate one third of its production capacity outside China by 2025 to meet growing demand from EV makers and energy storage clients. The Chinese battery maker is building a $2.36 billion plant in Michigan and is looking at setting up an EV battery plant in Morocco with a potential investment of up to $6.3 billion. Inobat has signed declarations of intent with the governments of Spain and Serbia to build EV battery plants, though those agreements are not final.
Persons: Inobat, Li Zhen, Northvolt, Gotion, Nick Carey, Simon Cameron, Moore Organizations: Gotion High Tech, Gotion, Volkswagen, Volvo, Reuters, BlackRock, EV, Thomson Locations: Europe, North America, China, Michigan, Morocco, Spain, Serbia
Ukrainian snipers told The Wall Street Journal they are hunting down high-profile Russian targets. Over the course of the war, Russia has lost a number of senior Russian commanders and generals who directed operations from the front line. John Moore/Getty ImagesAlthough they have a common enemy, not all Ukrainian sniper teams are engaged in the same mission. Russian snipers, likewise, carry out similar missions and are considered quite formidable. Other activities like reconnaissance fall within the traditional sniper mission set and can also take priority.
Persons: Carl Court, Mark Milley, Andrei Sukhovetsky, Russia's, John Moore Organizations: Wall Street, Service, Devils, Wall Street Journal, Pentagon, Department of Defense, Ukraine, US, Joint Chiefs of Staff, Russia's 7th Airborne, 28th Brigade, Ukrainian, CNN Locations: Wall, Silicon, Russian, Ukraine, Russia, Zaporizhzhia Oblast, Ukrainian, Bakhmut, Kyiv
CNN —Summer is coming to a close, but Hollywood is still stuck in strike Hell. Now, on the precipice of Labor Day Weekend, a deal is nowhere in sight. Schools are starting back up, the weather is cooling, but Hollywood remains enmeshed in a labor dispute for the ages. A failure to strike a deal soon after Labor Day is not a foregone conclusion, by any means. Both the writers and studios do share one common belief: that the strike has gone on too long.
Persons: scoffed, “ That’s, , it’s Organizations: CNN, Writers Guild of America, Labor, Studio, WGA, Hollywood Locations: Hollywood, Hell, West
Workers at Ford, GM, and Stellantis are fighting the automakers for higher wages. The United Auto Workers union is targeting a 40% wage increase in its ongoing contract negotiations. AdvertisementAdvertisementWorkers at Ford, GM, and Stellantis are fighting for 40% pay increases — but analysts worry that will drive up car prices and ultimately, make it harder for these auto giants to compete with Tesla. The United Auto Workers union fight with Detroit's Big Three carmakers is heating up. Union workers are arguing that they deserve a greater slice of the pie after seeing those COVID-era profits line automaker pockets instead of theirs.
Persons: Detroit's, Kelley, Tesla, Ford Organizations: Ford, GM, United Auto Workers, Morning, Tesla, Dealers, Wedbush Securities, Detroit, Bloomberg Locations: Detroit
Ukrainian snipers are focused on taking out high-profile Russain targets and demoralizing troops. A sniper unit training near Bakhmut calls itself "Devils and Angels," The Wall Street Journal reported. The team of snipers has dubbed itself the "Devils and Angels," according to a report in The Wall Street Journal. The snipers training near Bakhmut told the outlet that in addition to their marksmanship, they're training to be even more elusive in the field. AdvertisementAdvertisementAlso in June a Ukrainian sniper picked off Vladimir Andonov, a Wagner Group member known at "The Executioner" and one of Russian President Vladimir Putin's most notorious mercenary fighters.
Persons: Robert Scales, Bakhmut, Fisher, Mark Cancian, Insider's Ryan Pickrell, Vladimir Andonov, Vladimir Putin's Organizations: Street Journal, Military, Service, Devils, Street, Ukraine Ukrainian, CNN, Center for Strategic, International Studies, Wagner Locations: Wall, Silicon, Ukraine, Zaporizhzhia
Inclusive, global trade is the keyFree trade can help lower the cost of energy transition. Deloitte's outlook showcases a steady hydrogen market growth, from $642 billion in annual revenue in 2030 to $1.4 trillion per year in 2050, in which green hydrogen comprises some 85% of the hydrogen market. Global trade between major regions can represent almost one-fifth of total clean hydrogen volume. The opportunity for developing economiesRegions with high renewable endowment and ample land availability could likely produce cost-competitive green hydrogen in quantities that exceed domestic needs. To find out more, read Deloitte's Green hydrogen: Energizing the path to net zero report.
Organizations: Government, Global, North, Deloitte Global, SAF, Deloitte Investments, Deloitte, Insider Studios, Deloitte Touche Tohmatsu Locations: North Africa, Australia, North America, East, South America, Africa, Japan, Korea, Europe, China, India, Middle East
A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Best Buy is seeing a reversion to pre-pandemic sales levels, as consumers return to more typical spending patterns and feel pressure on their budgets because of inflation. Similar to Home Depot and Lowe's , Best Buy had outsized gains during Covid, fueled by big purchases that people don't frequently repeat. Best Buy has looked to new categories, such as health care, and launched a paid subscription program, My Best Buy, to keep driving growth. Correction: The top tier of the My Best Buy program costs $179.99 per year.
Persons: Corie Barry, buybacks, Matt Bilunas, Barry Organizations: Refinitiv, Gaming Locations: Chicago , Illinois, U.S
Starting Monday, passengers flying on Korean Air may be asked to step on a scale before boarding their flight. Is it reasonable to weigh passengers? "Fuel is 20 times more than the passenger weight," he said. Where airlines weigh passengersAir New Zealand weighed passengers in June for reasons, it said, related to safety and fuel efficiency. Commercial airline seating is based on average passenger weight from the 1950s to 1970s, Hilderman said.
Persons: , Vance Hilderman, Shem Malmquist, Hilderman, we're, Jose Silva, Finnair, Nick Gausling, Gausling, Tigress Osborn, Jodi Jacobson Organizations: Korean, Korean Air, CNBC, Gimpo, Incheon Airport, Bombardier, Embraer, Aviation, Istock, Florida Tech's College of Aeronautics, Transport & Health, RMIT University's School of Engineering, U.S . Federal Aviation Administration, New Zealand, Hawaiian Air, Samoa Air, Reuters, Flyers, European Union Aviation Safety Agency, International Civil Aviation Organization, Romy Group, National Association Locations: Honolulu, American Samoa, United States, Europe
Investors searching for yield and a way to make a positive impact on the environment may want to consider green bonds. BGRN 1Y mountain iShares USD Green Bond ETF 1-year performance Green bonds are considered part of the growing asset class known as GSS+: green, social, sustainability, sustainability-linked and transition bonds, according to Morningstar. What sets green bonds apart Green bonds tend to have longer durations than their general counterparts. The firm's parent company, TIAA, invests in green bonds through its TIAA-CREF Green Bond Fund (TGROX) . "The U.S. plays an important role in the green bond market, without any doubt.
Persons: Kay Haigh, Management's, Green, Morningstar, they've, Shannon Kirwin, Bram Bos, Stephen Liberatore, Liberatore, It's, Goldman's Bos, Bos Organizations: Green Bond, Goldman, Morningstar, Goldman Sachs Asset Management, Green Bond Fund, Federal, Treasury Locations: Goldman Sachs, Nuveen, U.S, Europe
As car companies produce more EVs than ever, these cars are starting to pile up on dealer lots for the first time. AdvertisementAdvertisementOn average, electric cars were selling for around $2,000 over sticker price last year, according to Jessica Caldwell, an automotive analyst for Edmunds. AdvertisementAdvertisementOn average, EVs are still more expensive, on average, than gas-powered cars, with EVs going for about $53,469 in July, says Kelley Blue Book (down from $66,000 a year earlier ). And with help from new federal tax credits, leasing deals abound on electric cars . Even some of the more expensive EVs are dropping in price rapidly, too.
Persons: Elon, Jessica Caldwell, Edmunds, Caldwell, Tesla, Kelley, they've Organizations: Tesla, EV, Shoppers
AdvertisementAdvertisementPicoflares could be the source of the solar wind that's blasting EarthAn animation of the solar wind shows particles streaming from the sun towards Earth. That stream, called the "solar wind," gets supercharged when coronal holes or big solar flares are pointed at our planet. Seeing the sun up close, at smaller scales, could reveal its secretsImages from the Solar Orbiter are the closest ever taken of the sun. "Jets, in general, have previously been observed in the solar corona," Chitta, who led the Solar Orbiter study and a team at Max Planck Institute for Solar System Research, told Space.com. NASA/SDONASA and the ESA launched Solar Orbiter in 2020, with a goal of studying these winds at their source.
Persons: Lakshmi Pradeep Chitta, NASA's Parker, Chitta, Space.com, it's, Andrei Zhukov Organizations: Service, Orbiter, Solar Orbiter, NASA Solar Dynamics, NASA, Lights, EUI Team, ESA, CSL, MPS, UCL, Probe, Jets, Solar, Max Planck Institute, Solar System Research, European Space Agency, Royal Observatory of Locations: Wall, Silicon, Royal Observatory of Belgium, Brussels
Former Treasury chief Larry Summers got panned for posting a graph suggesting US inflation could be tracing the same path now as in the 1970s. Nobel laureate Paul Krugman said the chart was "problematic on many fronts", adding the 1970s story was different. Market veteran Jim Bianco slammed the post as "chart crime", pointing out scale and calculation inconsistencies. In another post, Summers urged the Federal Reserve to reject suggestions that inflation is "securely under control." "Lots of people beating up on Larry Summers over his chart making recent disinflation look just like the mid-70s disinflation, which reaccelerated.
Persons: Larry Summers, Nobel, Paul Krugman, Jim Bianco, Summers, Bianco Organizations: Treasury, Service, Federal Reserve, Bianco Research Locations: Wall, Silicon
Passengers flying with Korean Air in the next few weeks may be asked to take one additional step before boarding – getting on the scale. Korean Air is one of the many airlines around the globe that is required to periodically obtain plane weight data. If a passenger would prefer not to have their weight data collected, Korean Air confirms that they can opt out by letting a staff member know. No one can see your weight, not even us,” a representative from Air NZ, the country’s national carrier, said at the time. Once data is gathered, it helps airlines make decisions about fuel needs and weight distribution on board.
Persons: isn’t, , Organizations: CNN, Korean Air, Gimpo International, Incheon International Airport, country’s Ministry of Land, Infrastructure, Transport, Air, Zealand, JFK, Air NZ Locations: Korean, Auckland, New
The feat comes just days after Russia crash-landed there, and four years after India's first attempt crashed into the lunar south pole. AdvertisementAdvertisementIt was the country's first bid at the lunar south pole, which is especially valuable space real estate because of its frozen-water reserves. Both the US and China also hope to land on the lunar south pole before the end of the decade. AdvertisementAdvertisementThe lunar south pole is uniquely hazardousThe very thing that makes the moon's south pole so desirable — the permanently shadowed regions that harbor water ice — also makes it more difficult to land on. AdvertisementAdvertisementAlso, nobody has ever been to the moon's south pole.
Persons: India's, Robert Braun, Braun, It's, Luna, Kailasavadivoo Sivan, Aijaz, it's, you've, Rajanish, landers Organizations: Service, Space Exploration, Johns Hopkins Applied Physics Laboratory, NASA, Vostochny, Space Corporation, AP, European Space Agency, Space Research Organization, ISRO, India, Soviet Union, Operation, India's Bharatiya Janata Party Locations: Wall, Silicon, Russia, India, Russia's Far, Soviet Union, China, Europe, Ukraine, Bangalore, Mumbai
AdvertisementAdvertisementKorean Air, South Korea's flagship airline, plans to weigh passengers before they board flights, saying local laws demand it. AdvertisementAdvertisementKorea JoongAng Daily reported that the airline told it: "The data collated anonymously will be utilized for survey purposes and doesn't mean overweight passengers will need to pay more." There has been an online backlash to the measure, with some potential passengers raising concerns about their privacy, according to the Korea JoongAng Daily. However, the airline told the newspaper that passengers who feel uncomfortable with the process can communicate their feelings to boarding staff. AdvertisementAdvertisementAir New Zealand, however, is asking passengers to step on the scales as part of a "passenger weight survey" to fulfill a requirement by New Zealand's Civil Aviation Authority.
Organizations: South Korea's, Gimpo Airport, Incheon Airport, Korea's Ministry of Land, Infrastructure, Transport, Ministry of Land, Daily, Korean, Korea Times, Federal Aviation Authority, New Zealand's Civil Aviation Authority Locations: South, Korea, Zealand
The ocean, often likened to the lungs of the planet, is the world's largest natural carbon sink. Now, companies such as Equatic, Captura, Running Tide and a startup called Ebb Carbon are using new technology to restore ocean chemistry and speed up its natural abilities. "We're restoring the balance in the ocean chemistry and enabling the ocean to absorb CO2 and convert it to a safe stable form," said Ben Tarbell, co-founder and CEO of Ebb Carbon. "Right now, there are very large voluntary carbon markets, large corporations willing to pay to remove carbon from the atmosphere to offset emissions in other parts of their business. In addition to Prelude, Ebb Carbon is backed by Evok Innovations, Congruent Ventures and Propeller.
Persons: it's, Ben Tarbell, Tarbell, Gabriel Kra, Lisa Rizzolo Organizations: Ebb, Ventures, Prelude Ventures, Evok, CNBC Locations: Sequim Bay, Washington
CNN —Mothers who followed the Mediterranean diet while pregnant improved their children’s cognitive, social and emotional development at age 2 compared with children whose mothers did not follow the diet, according to a new randomized clinical trial. “No other dietary model possesses such an impressive accrual of scientific evidence as the traditional Mediterranean diet,” said Martínez-González, who is also an adjunct professor of nutrition at the Harvard T.H. The number of low-weight births dropped to 15.6% of the women who attended stress-reduction classes and 14% of the women who ate a Mediterranean diet. The Mediterranean diet focuses on fruits, vegetables, whole grains, beans and seeds, with a few nuts and a heavy emphasis on extra-virgin olive oil. “The first arm (Mediterranean diet) addressed a more physical and direct aspect: the dietary pattern and the supply of interesting nutrients that are known to be beneficial.
Persons: CNN —, , , Miguel Martínez, David Katz, ” Katz, nutritionists, Bayley, Katz, González Organizations: CNN, University of Navarra, Harvard, of Public Health, True Health Initiative Locations: Pamplona, Spain, Chan, Boston, Barcelona
CNN —Former President Donald Trump has attracted a lot of attention for his lead in the polls and the money race, but he’s also already ahead in an essential area that’s gotten less notice: the delegate process. Republicans often point to Jeff Roe, who is leading the pro-DeSantis super PAC, as an expert on the delegate process. The delegate process rivalry between DeSantis and Trump speaks to the overall strategy of many of these campaigns. Trump’s state party advantageIn 2016, the idea that Donald Trump would eventually have deep roots with state Republican party officials seemed outlandish. The Trump campaign denies the former president ever made such a comment.
Persons: Donald Trump, he’s, Ron DeSantis, , Simply, Trump, DeSantis, Chris Christie’s, Sen, Tim Scott’s, Christie, Scott, Trump’s, Chris LaCivita, Susie Wiles, Brian Jack, Texas Sen, Ted Cruz, Jeff Roe, Ken Cuccinelli, LaCivita, Ken Cuccinelli –, Cuccinelli, Cruz, “ There’s, ” LaCivita, “ We’ll, , , ” Cuccinelli Organizations: CNN, Republican, Flordia, Trump, Republican National Committee, New, New Jersey Gov, RNC, Advisers, Republicans, DeSantis, Republican National Convention, GOP, White, Party, Michigan Republican Party, Trump’s Department of Homeland Security Locations: New Jersey, Louisiana, Texas, headwinds, California , Massachusetts , Idaho , Colorado, Nevada, Michigan
The various bundles are now as annoyingly confusing as cable, and cost basically the same. The Financial Times recently reported that a basket of the top US streaming services will cost $87 this fall, compared with $73 a year ago. Cloud promises are being brokenFinally, there's the cloud, which promised cheaper and more secure computing for companies. In the roughly five years since going public, the company has spent about $3 billion on cloud services from Google and AWS. So, cloud services connected to the internet are great for everyone, except Google?
Persons: we're, Uber, Lyft, Steven Levy, Dara Khosrowshahi, Khosrowshahi, Slack, Andreessen Horowitz Organizations: Morning, Netflix, Disney, Wall Street, Paramount, Showtime, Financial Times, Tacoma International, Microsoft, Google, CNBC Locations: New York City, Seattle
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