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☆ Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and more
▼ + stars: | 2024-10-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

United Airlines – The stock soared 11% after the airline posted an earnings and revenue beat for the third quarter and guided for a strong fourth quarter. In addition, United said it is starting a $1.5 billion share buyback, its first since before the Covid pandemic. The firm posted earnings of $1.88 per share, higher than the $1.58 expected by a LSEG analyst poll. J.B Hunt Transport Services – Shares added 3.4% after the company posted a top and bottom line beat. J.B. Hunt posted $1.49 earnings per share on $3.07 billion of revenue in the third quarter.

Persons: United, Morgan Stanley, Novocure, J.B, Hunt, LSEG, Aspen Aerogels, FactSet, Prologis, Hamid Moghadam, —, Alex Harring, Hakyung Kim, Samantha Subin, Pia Singh, Michelle Fox Organizations: Food and Drug Administration, United Airlines, Revenue, Cisco Systems, Citi, Food, ASML, J.B Hunt, Aspen, of Energy, U.S . Bancorp, General Motors, Lithium Americas Corp Locations: Dutch, U.S

☆ Trump embraces the ‘weave,’ while Harris heads to Fox
▼ + stars: | 2024-10-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

She took the rare step of answering questions in the town-hall style radio program — and got some tough ones about her commitment to the Black church and Black voters’ economic problems. On Wednesday, Harris will venture into the lion’s den on Fox News hoping to reach another important group of voters. Trump trails Harris among female voters in most polls and badly needs to narrow that gender gap with 20 days to go. Vice President Kamala Harris participates in an interview with radio host Charlamagne Tha God, in Detroit on October 15, 2024. But Harris hit back on Charlamagne Tha God’s “The Breakfast Club,” saying that Black voters need to think carefully about the future.

Persons: Donald Trump, Kamala Harris, “, ”, Charlamagne, Jacquelyn Martin, Harris, Barack Obama, Trump, ” Harris, Megan Varner, Gabriel Sterling —, —, Jim Crow, John Micklethwait, Scott Olson, “ You’ve, ” Trump, Vladimir Putin, Bob Woodward’s, Kevin Lamarque, Reuters Harris Organizations: CNN, Republican, Economic, of Chicago, Black, White, Fox News, Trump, Metropolitan Library, Peach State, GOP, Bloomberg, Economic Club, Getty, Bloomberg News, Reuters Locations: Washington, Detroit, Atlanta, Georgia, Peach, Chicago, British

☆ GM makes a $625 million lithium-battery move to shore up its EV supply chain
▼ + stars: | 2024-10-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

General Motors is investing $625 million in the electric vehicle supply chain. The funds will help Lithium Americas Corp develop and operate a major lithium mine in Nevada. Despite EV production cuts, GM aims to strengthen the domestic lithium supply chain. AdvertisementDetroit-based automaker General Motors is pumping money into the domestic supply chain for electric vehicle batteries. Related stories"Today's joint venture announcement is a win-win for GM and Lithium Americas," Evans continued.

Persons: —, Jonathan Evans, " Evans, Jeff Morrison, GM's Organizations: Motors, Americas Corp, Service, General Motors, EV, GM, US Department of Energy, DOE, Lithium, Rio Tinto, Street Journal Locations: Nevada, Detroit, Humboldt County , Nevada, Thacker, North America, Lithium Americas, Rio

☆ Security threats to AI models are giving rise to a new crop of startups
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +5 min

The hazards against AI models and the data that train them are growing in the age of large language models. What's emerged is a growing group of startups aimed at tackling security threats related to AI. Credo AI, which has raised $41.3 million in total funding, is an AI governance platform that helps companies adopt AI responsibly by measuring and monitoring its risks. Pappu added that customers may not be aware that the shared information may also be used to train broader AI models. AdvertisementTo address the growing number of security concerns in AI, startups are now applying continuous monitoring to the space.

Persons: —, Ashish Kakran, What's, Kakran, that's, Narayana Pappu, Pappu, Arvind Jain, Lauri Moore, Moore, Arvind Ayyala, Ayyala Organizations: Companies, Service, Thomvest Ventures, Attackers, Bessemer Venture Partners, Haize Labs, Evolution Equity, Moore Strategic Ventures

☆ I broke into venture capital at 22 and became a partner by 28. I learned one easy, surefire way to move up the ranks.
▼ + stars: | 2024-10-15 | by ( Suzanne Reilley | ) www.businessinsider.com time to read: +8 min

Olivia Gaudree started working at Fuel Venture Capital as an intern in her early 20s. She worked her way up the ranks and became a partner in under seven years at 28. AdvertisementThis as-told-to essay is based on a transcribed conversation with Olivia Gaudree, a 28-year-old partner and VP of Operations at Fuel Venture Capital. Networking helped me land my job in venture capitalAt my high school hedge fund internship, I met Maggie Vo, now the managing general partner at Fuel Venture Capital, and got to know her well. Some firms offer entry-level positions within the investment team, but they aren't common.

Persons: Olivia Gaudree, Gaudree, —, Maggie Vo, Maggie, Jeff Randsell, he'd, Merrill Lynch, I'm, I've, it's, It's Organizations: Fuel Venture, Service, Fuel Venture Capital, Business, Florida State University, Thomson Reuters, Networking, Fuel Locations: New York

☆ I have 6 short-term rental properties. People think real estate is passive income, but I disagree.
▼ + stars: | 2024-10-15 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Alongside her partner Philippe, she now has six short-term rental properties. AdvertisementThis as-told-to essay is based on a transcribed conversation with Kerri Gibson, 48, based in Orford, Quebec, about her short-term rental business, Chalets Hygge. Some people consider getting into real estate as a source of passive income, but I wouldn't say it's passive at all. We funded the downpayment through an equity release in the form of a mortgage on our personal home turned short-term rental. Real estate has historically been thought of as passive income, running short-term rentals is not passive.

Persons: Kerri Gibson, Philippe, Gibson, —, I'd, Votre Histoire.co Philippe, We've, COVID, there'll Organizations: Service, Business Locations: Orford , Quebec, Airbnb, CA75,000, CA188,000, Vancouver, Quebec, Montreal, Orford, OTAs

If you travel and you haven't looked at your credit card's transfer partners, you might be missing out. There is no right or wrong way to use points and miles you've earned when you use a credit card, and the options are plentiful. Rewards credit cards allow you to earn points or miles on every purchase rather than giving you cash back immediately. Strategically using credit cards this way is a great way to capitalize on your spending, especially if you love to travel like our family does. My favorite credit cards are the most flexible onesWhile debating what type of credit card to open and use to earn points can be daunting, our family loves using credit cards that give you the most flexibility in redeeming those points.

Persons: haven't, —, you've, I've, Paul into, Paul Organizations: Service, Delta, Venture, Sapphire, Express, Virgin Atlantic, Virgin, KLM Locations: Europe, Minneapolis, St, Paul into Rome, Barcelona

☆ A boba business storm is brewing, and a 'Shang-Chi' star is in the middle of it
▼ + stars: | 2024-10-15 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

"Shang-Chi" star Simu Liu called out two boba tea entrepreneurs who appeared on an episode of "Dragons' Den." They were promoting their new drink, which they said was healthier than regular boba tea. AdvertisementSimu Liu is in the middle of a brewing business feud over a popular Asian drink. When asked if he liked the drink, Liu, who joined the show as a panelist in its 19th season, said, "I thought it was fine." The global boba tea industry — or bubble tea as it is known in Asia — is estimated to be worth billions.

Persons: Liu, —, Chi, Sébastien Fiset, Jess Frenette, Manjit Minhas, there's, Fiset, Bobba, Winniedapoo, boba, Instagram, Frenette, Liu's, it's, Bob Chapek Organizations: Service, Québec, NBC, Ventures, LinkedIn, American Pacific, CBC Gem, Allied Market Research, Business Locations: Markham, Canada, Taiwan, Bobba, Asia —

☆ New dating apps and social-networking startups are gaining steam. Read pitch decks 6 used to raise millions of dollars.
▼ + stars: | 2024-10-15 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

New social-networking and dating startups are coming onto the scene. Here are the pitch decks six startups used while raising Series A and seed rounds. Founders of these startups are tackling problems like loneliness, dating app fatigue, and general dissatisfaction with the current social-media incumbents. Meet 7 VC investors eyeing new social startupsBI spoke with several social-media and dating app founders about how they are raising capital — including the pitch decks they used to raise millions of dollars. Read the pitch decks that helped 6 social-networking and dating startups fundraise millions of dollars:Note: Pitch decks are sorted by investment stage and size of round.

Persons: —, Isabella Epstein's, Tiffany, Daybreak Ventures Rex Woodbury, Catalyst, Mervana Parekh, It's, Marlon Nichols Organizations: Service, IRL, Big Tech, Daybreak Ventures, Business, Tinder, Acrew, Mac Venture

☆ Trump PAC has raised about $7.5 million in crypto donations since early June
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Adam Gray | Afp | Getty ImagesA political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies. The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions. At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Trump said in his keynote that his campaign had raised $25 million from the crypto industry, though he didn't specify the split between digital tokens and dollar donations. Among the new donors is Chase Herro, one of the co-founders of the Trump family's new crypto project World Liberty Financial.

Persons: Eric Trump, Donald Trump, Donald Trump , Jr, Adam Gray, Andreessen Horowitz, Lockheed Martin, David Bailey, bitcoin . Bailey, indoctrinated Trump, Trump, Chase Herro, Mike Belshe, Brian Murray, Craft, David Sacks, Trevor Traina, Bruce Fenton, Gary Cardone, Stuart Alderoty, Alderoty, Sacks, Chris Larsen, Kamala Harris, Forward, Larsen, Gary Gensler, Biden, Marvin Ammori, Tyler, Cameron Winklevoss Organizations: Republican, World Trade, Afp, Getty, Trump, U.S, GOP, PAC, Public Citizen, Lockheed, Duthie Power Services, Esperanza Entertainment, BTC Inc, Liberty Financial, Craft Ventures, Kresus Labs, Chainstone, Cardone Digital Ventures, CNBC, White, SEC, Biden, Harris Locations: New York City, cryptocurrencies, Puerto Rico, bitcoin ., Nashville, bitcoin, XRP, San Francisco, Harris, Bay

☆ AI labs are fragmenting because of ego clashes and commercial pressures. It's about to drive a wave of new startups.
▼ + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

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

☆ Harris PAC's $1 million contribution from Ripple's Chris Larsen shows crypto industry warming to VP
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.

Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York

☆ This startup uses AI to predict wildfires. Check out the 10-slide deck OroraTech used to raise a $27 million Series B.
▼ + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Munich-based startup OroraTech has secured a $27 million Series B funding round. The startup uses AI and thermal data to predict and monitor wildfire risks globally. The startup provides thermal data and insights to customers for a range of use cases — predominantly to predict and monitor the risk of wildfires. AdvertisementOroraTech has gained interest from various stakeholders, including governments and insurance companies. The startup makes its money by charging a monthly subscription to companies that can use its API to stream OroraTech data into their own systems.

Persons: OroraTech, Martin Langer, Langer Organizations: Service, Bayern Kapital, Ananda Impact Ventures, ConActivity, Findus Venture Locations: Munich, Greece

☆ Hotel chains are launching ultra-luxury cruise ships. Here's how the newest entrant plans to compete with Four Seasons and Ritz Carlton.
▼ + stars: | 2024-10-15 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The hotel company plans to venture out to sea with its first luxury cruise ship, set to debut in early 2025. Grupo Vidanta's new cruise arm, VidantaWorld, has some luxe promises for its first floating resort. The 500-foot-long vessel, called Elegant, would have amenities like three pools, 13 restaurants and bars, and an almost one-to-one crew-to-guest ratio.

Persons: — Organizations: Grupo Vidanta, Ritz, Service, Grupo Locations: Mexico, Cabos

☆ The 'godfather' of driverless cars says Tesla has a major advantage in the self-driving race
▼ + stars: | 2024-10-15 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Anthony Levandowski, who co-founded Google's Waymo, says Tesla has a huge advantage in data. Musk has promised self-driving Teslas for the better part of a decade. Likewise, Levandowski said he hoped for "a little more steak and less sizzle" on the substance of Tesla's self-driving technology. Related storiesYet perhaps few people understand the nitty-gritty of self-driving tech better than Levandowski. Uber's advantageWhile Tesla and Waymo compete for tech supremacy, Uber might be the frontrunner in the robotaxi race right now.

Persons: Anthony Levandowski, Google's Waymo, Tesla, Levandowski, —, Elon, that's, Musk, Uber, Donald Trump, That's, a16z, Waymo, Dmitri Dolgov, Ben Thompson, Thompson, Levandowki Organizations: Business, Google, Service, Wall Street, Wayve, General Motors Locations: Pronto

Sean “Diddy” Combs is facing a series of new civil lawsuits filed in federal court Monday. The incidents alleged in the complaints span from 1995 to 2021 and include allegations of sexual assault and rape. The lawsuits, filed Monday, name Combs and his various businesses as defendants and the accusers are seeking unspecified damages. In a filing ahead of last week’s hearing, attorneys for Combs filed a bail appeal in New York’s federal appeals court. In a statement at the time of the settlement, Combs denied all of the allegations.

Persons: Sean “ Diddy ” Combs, Tony Buzbee —, Combs, Buzbee, “ We’re, ” Buzbee, “, Sean Combs, ”, Cassandra, Cassie ” Venture, Ventura, Dawn Richard, Danity Kane Organizations: NBC News, of, NBC, of New, Metropolitan Detention, CNN, Ventura Locations: Southern, of New York, Manhattan, Texas, York, Brooklyn, New York, New, Los Angeles

☆ AI coding startups are becoming a hotspot for VCs. Here are the 12 copilots that have landed funding from funds like a16z, Lightspeed, and Menlo Ventures.
▼ + stars: | 2024-10-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

VCs are investing in generative AI coding and copilot startups. AI coding tools automate coding tasks, allowing developers to focus on creativity. BI has identified which startups in the space have so far raised the most funding from VCs. AdvertisementThe AI revolution shows no signs of slowing down, and some VCs are turning their attention to a new corner of the market: generative AI coding and copilot startups. "I'm really high on AI coding assistants," Menlo Ventures partner Tim Tully recently told Business Insider.

Persons: —, Tim Tully, Kanu Gulati, PitchBook, Elad Gil Organizations: Service, Menlo Ventures, Business, Khosla Ventures, Lightspeed Venture Partners Locations: VCs, Korbit, PitchBook

☆ Stripe, Wise founders want a 'tech renaissance' in Europe to help region rival Silicon Valley
▼ + stars: | 2024-10-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Founders of some of Europe's largest technology unicorns on Monday backed an open letter calling for a "tech renaissance" fueled by the creation of a single pan-European entity to promote startups and innovation in the bloc. But because of that, our startup scene is fragmented," read the open letter, which was published Monday on a newly created website for the EU Inc initiative. This results in "stifled momentum, unrealized potential, and an artificial limit on our startups' chances of success." So-called 28th regimes are proposed legal frameworks within the EU that offer an alternative to member states' own national rules instead of replacing them. The new structure of EU Inc would "standardize investment processes, simplify cross-border operations, and create a unified employee stock options framework" to help European startups scale rapidly and attract more capital, according to a Monday press release.

Persons: Patrick Collison, Hinrikus, Eléonore Crespo, Ilkka Paananen, Miki Kuusi Organizations: EU Inc, Inc, EU, Wolt Locations: Europe, EU, Finnish

☆ 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

☆ Singaporeans are used to paying less than $5 for a meal. This 30-year-old chef charges double, and diners keep coming.
▼ + stars: | 2024-10-14 | by ( Erin Liam | ) www.businessinsider.com time to read: +9 min

She went on to open a hawker stall selling prawn noodles, which later expanded into a casual eatery. When Dave Pynt, the chef-owner of Australian-inspired barbecue restaurant Burnt Ends, visited her school for a guest lecture on wood-fire cooking, she was intrigued. Shifting the focus to local cuisineA bowl of prawn noodles costs between SG$14 to SG$20 at Zhup Zhup. A hawker stall seemed like the perfect sandbox to test her ideas without spending a lot on overhead costs. The challenges of running a hawker businessThree years in, the hawker stall had just managed to earn back its capital.

Persons: Gwyneth Ang, Ang, —, she's, Erin Liam, Dave Pynt, hawker, Erin Liam So, pao, Darren Ang, Pynt, Erin Liam Singapore's, Teo Kay Key, Cherry Tan, Shanice Lim, nasi, Lim Organizations: Michelin, Service, Business, Culinary Institute of America, hawker, Department of Statistics, Institute of Policy Studies, National University of Singapore, Singapore Airlines Locations: Singapore, New Bahru, hawker, Macpherson, Pynt

Actor Simu Liu blasted a pair of Quebec entrepreneurs last week who went on Canada’s version of “Shark Tank” to pitch a drink they say has “transformed” boba tea. Sébastien Fiset and Jess Frenette, founders of a bottled popping boba and alcoholic bubble tea brand called Bobba, were seeking $1 million in exchange for 18% of the company. Their products include cans of alcoholic bubble tea, as well as grab-and-go packets of popping boba. “Dragons, you have probably heard about bubble tea,” Frenette said before Liu quickly interjected with a sarcastic: “I’ve never, has anyone else heard of bubble tea? Not everything has to be traditional.”Fiset responded by saying Bobba’s popping boba makes the drink “not an ethnical product anymore.” Minhas agreed that the popping boba was new, saying she’d never experienced it.

Persons: Simu Liu, Sébastien Fiset, Jess Frenette, CBC’s, ”, Fiset, boba, ” Fiset, Liu, Bobba, “, ” Liu, Let’s, “ Barbie, Frenette, ” Frenette, I’ve, Manjit Minhas, ” Minhas, she’d, Brian Scudamore, ” didn’t Organizations: Bobba’s, Ventures, Bobba Locations: Quebec, —, Canadian, Fiset, Taiwan, Markham, Bobba

☆ Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions
▼ + stars: | 2024-10-13 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —Controversy bubbled for a Canadian drink company after its founders drew the ire of a Marvel superhero on an episode of a “Shark Tank”-style reality series. On a recent episode of CBC’s “Dragons’ Den,” actor Simu Liu appeared as a guest star and prospective investor. The owners of a Quebec-based bubble tea brand called Bobba were featured, seeking funding to grow their brand. Bubble tea is a Taiwanese tea-based drink with tapioca balls that has risen in popularity in recent years. The friction between Liu and Bobba owners Sebastien Fiset and Jess Frenette was visible early in their pitch.

Persons: CBC’s, Simu Liu, Liu, Sebastien Fiset, Jess Frenette, ” Liu, ”, Frenette, Fiset, “, boba, Den, Manjit Minhas, Bobba, Liu “, Frenette’s, Minhas Organizations: CNN, Marvel, Sunday Locations: Canadian, Quebec, Taiwan, Canada, “, Bobba

☆ South Fork Wind offers a glimpse at what's possible as offshore wind power projects struggle to gain traction
▼ + stars: | 2024-10-13 | by ( Pippa Stevens | ) www.cnbc.com time to read: +9 min

Soren Lassen, head of offshore wind research at Wood Mackenzie, said the U.S. offshore wind industry is going through a needed readjustment, and that while the long-term outlook remains intact, progress has been pushed out. South Fork Wind offers tangible evidence that wind projects can work. The company developed the five-turbine Block Island Wind Farm, which is northwest of South Fork Wind, in 2016. The Bureau of Ocean Energy Management first awarded the leases for South Fork Wind in 2013, which where acquired by Deepwater Wind. In September, Skyborn Renewables, a Global Infrastructure Partners portfolio company, acquired Eversource's 50% stake in both South Fork Wind and Revolution Wind.

Persons: Pippa Stevens, Soren Lassen, Wood Mackenzie, –, Orsted, David Hardy, Equinor, Jones, Biden, Avangrid, Wood Mackenzie's Lassen, Lassen Organizations: CNBC GREENPORT, U.S, Wind, CNBC, of Ocean Energy Management, Deepwater, Eversource Energy, Skyborn, Global Infrastructure Partners, CNBC Offshore, Power Authority, Ørsted, New, BP, Dominion Energy, South Brooklyn Marine, Fork, The U.S . Department of, Interior, Maryland –, GE Vernova, American Clean Locations: –, Montauk , New York, U.S, Greenport , New York, East Hampton, East Hampton , New York, Wainscott, Denmark, New York, Atlantic City , New Jersey, New Jersey, Brownsville , Texas, Virginia, Port of Virginia, Connecticut's, of New London, South Carolina , Texas, Rhode Island and Connecticut, The, Maryland, Martha's Vineyard, Nantucket , Massachusetts, Nantucket

☆ A basic income program funded by descendants of slave owners provides $1,000 a month as a form of reparations
▼ + stars: | 2024-10-13 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

Buck and Gracie Close are funding a basic income program for victims of unjust policing. They view the program as a form of reparations for their family's history as slave owners. Small-scale guaranteed basic income programs have sprouted around the country in recent years, inspired in part by the success of pandemic-era cash handouts. These basic income programs offer unrestricted cash payments to specific groups of vulnerable low-income residents for a limited time period. The programs differ from a universal basic income, which would offer regular cash payments to all residents regardless of their financial status.

Persons: Buck, Gracie, —, Buck Close, they've, Maggy Baccinelli, Baccinelli, enslavers Organizations: ACLU, Service, American Civil Liberties Union of Louisiana, Confederate, Herald Locations: Louisiana, North Carolina, Washington, Fort Mills, Rock, South Carolina

☆ Vance says ‘childless cat ladies’ comment was ‘dumb’ but his point stands
▼ + stars: | 2024-10-12 | by ( Kit Maher | Eric Bradner | ) edition.cnn.com time to read: +6 min

Not to have kids because of concerns over climate change? I think the more bizarre thing is our leadership, who encourages young women, and frankly young men, to think about it that way,” Vance said. Vance also claimed a new “pathological frustration with children” exists in American society, citing negative reactions to children on public transportation or restaurants as an example. We want to preserve the right of the states to make these decisions,” Vance said. He added: “I’m OK with the states making these decisions, even if they make decisions that JD Vance or Donald Trump might not make.”

Persons: Vance, Donald Trump, —, “, ” Vance, Tucker Carlson, Kamala Harris, ”, ‘, Carlson, Harris, Alexandria Ocasio, Pete Buttigieg, she’s, ’ Vance, Michael Brown, I’ve, Sophia Nelson, he’d, I’m, ’ ” Vance, Roe, Donald Trump’s, mistrusted, we’ve, Trump, JD Vance Organizations: CNN, Republican, The New York Times, Democratic Party, New York Rep, New York Times, Republicans Locations: Ohio, Alexandria, Cortez, San Francisco, India, California, Alabama

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