Climate change is unleashing a tsunami of infectious diseases–and we have fewer and fewer drugs that can treat them

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A warmer world is creating a fertile environment for the rampant spread of drug resistance.

https://fortune.com/2023/12/11/climate-change-unleashing-tsunami-infectious-diseases-fewer-fewer-drugs-treat-health-environment/


The Air Force will pay experienced pilots an extra $600,000 to stick around

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The Air Force has missed its annual recruiting target for eight years running and is asking Congress for $250 million to fund the new bonus pool.

https://fortune.com/2023/12/11/air-force-pilot-bonuses/


Oklahoma City will vote on a 6-year 1% sales tax to build a $1 billion arena for NBA’s Thunder. One expert calls it ‘by far the worst stadium deal I’ve ever seen’

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"Whoever negotiated this for the city of Oklahoma City should be fired for incompetence," said one economist who studies stadium development.

https://fortune.com/2023/12/11/oklahoma-city-sales-tax-build-arena-nba-thunder/


Elon Musk says he’s prepared to go to prison if U.S. government tries to censor X

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Musk said he was not afraid to die after reinstating Alex Jones to X, who believes the deep state plans to assassinate the tycoon.

https://fortune.com/2023/12/11/elon-musk-alex-jones-government-censorship-prison-assassination/


Fastest growing job in the U.S. pays $103K a year without a college degree

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Wind turbine service technicians: America’s fastest-growing occupation boasts remote working, pays up to $103,000 a year and doesn’t require a college degree.

https://fortune.com/2023/12/11/wind-turbine-technicians-fastest-growing-job-in-america/


Saudi Arabia dives deeper into Western assets as it looks set to become the majority owner of the U.K.’s busiest airport in a $12bn deal

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The Sunday Times of London reports that the PIF could take a 60% share in Heathrow Airport alongside private equity group Ardian.

https://fortune.com/europe/2023/12/11/saudi-arabia-western-assets-majority-owner-uk-heathrow-busiest-airport-12-billion/


Fed expected to keep interest rates unchanged—does that mean rate hikes are over?

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Fed Chair Jerome Powell has recently downplayed the idea that rate reductions are nearing.

https://fortune.com/2023/12/11/fed-expected-to-keep-interest-rates-unchanged-does-that-mean-rate-hikes-are-over/


Goldman Sachs’s chief economist says the market may be getting ahead of itself on rate cuts—and decreases won’t come as soon as people hope

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"The risk of recession is, in my view, quite low. We're at 15% in the next 12 months."

https://fortune.com/2023/12/11/goldman-sachss-chief-economist-jan-hatzius-rate-cut-predictions/


Consumers spent 2023 asking Google why eggs, Taylor Swift tickets and sriracha sauce were so expensive

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In the world of entertainment, “Barbie” dominated Google search's movie trends this year — followed by Barbenheimer co-pilot “Oppenheimer” and Indian thriller "Jawan."

https://fortune.com/2023/12/11/google-year-in-search-2023-why-eggs-taylor-swift-tickets-sriracha-sauce-so-expensive/


Shohei Ohtani’s record $700m contract with the LA Dodgers is boosting his sponsors’ stock prices and expected to have a $437m impact in just one year

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The contract is the biggest ever in the history of North American sports, according to MLB.com.

https://fortune.com/2023/12/11/shohei-ohtani-record-700m-contract-la-dodgers-boosting-sponsors-stock-prices-437m-impact-next-year/


Google antitrust battle with Fortnite-maker Epic Games over Play Store’s 15-30%  commissions is heading to the jury to decide

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The jury's verdict in the case will likely hinge on how the smartphone app market is defined.

https://fortune.com/2023/12/11/google-antitrust-battle-fortnite-epic-games-play-store-commissions-heading-jury-decide/


Mariah Carey’s 1994 hit ‘All I Want for Christmas is You’ is set to top the holiday charts again as its co-writers feud

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“That song is just embedded in history now,” says David Foster, the 16-time Grammy-winning composer and producer.

https://fortune.com/2023/12/11/mariah-carey-1994-hit-all-i-want-for-christmas-is-you-top-holiday-charts-cowriters-feud-walter-afanasieff/


Trump reverses day before expected New York fraud trial appearance and says he won’t testify again because he has nothing more to say

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“I will not be testifying on Monday," Trump wrote in an all-capital-letters, multipart statement on his Truth Social platform less than 20 hours before he was to take the witness stand.

https://fortune.com/2023/12/11/donald-trump-reverses-day-before-expected-new-york-fraud-trial-appearance-wont-testify/


Biden’s economy looks solid but voters are still not feeling 'Bidenomics' as they head into 2024 election season

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Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception.

https://fortune.com/2023/12/11/bidens-economy-looks-solid-voters-not-feeling-bidenomics-2024-election-season/


Rudy Giuliani is about to find out how much he must pay 2 Georgia election workers he falsely accused of election fraud

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The former New York City mayor has already been found liable in the defamation suit brought by Ruby Freeman and her daughter, who were harassed after they became the target of a conspiracy theory spread by Trump and his allies.

https://fortune.com/2023/12/11/rudy-giuliani-jury-pay-georgia-election-workers-falsely-accused-election-fraud/


TikTok is spending $1.5 billion on a joint venture to solve the problem of Indonesia's surprise social media shopping ban

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In September, Jakarta banned social media platforms like TikTok and Facebook from offering e-commerce services on their social media platforms.

https://fortune.com/2023/12/11/tiktok-tokopedia-joint-venture-indonesia-social-media-ecommerce-ban/


Inverse version of Bud Light culture war hits Navy town mulling a military-themed brewery: 'No one is running around the brewing facility with AR-15s'

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Plans for the brewery are drawing opposition over alleged racist and homophobic remarks by an ex-SEAL linked to it.

https://fortune.com/2023/12/10/inverse-version-of-bud-light-culture-war-hits-navy-town-mulling-brewery/


Macy's receives $5.8B buyout offer from investor group as department stores face changing consumer habits

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Arkhouse Management and Brigade Capital Management offered $21 a share for the department store operator, said sources familiar with the matter.

https://fortune.com/2023/12/10/macys-gets-buyout-offer-from-investor-group/


Cigna drops bid to buy Humana, plans $10 billion share buyback

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“We believe Cigna’s shares are significantly undervalued,” said Cigna CEO David Cordani.

https://fortune.com/2023/12/10/cigna-drops-bid-to-buy-humana-plans-10-billion-share-buyback/


With 'The Boy and the Heron,' anime legend Hayao Miyazaki finally tops the North American box office

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Miyazaki's movies have often been huge hits in Japan and Asia, but they've traditionally made less of a mark in North America.

https://fortune.com/2023/12/10/anime-legend-hayao-miyazaki-finally-tops-north-america-box-office/


Pressure on Harvard President Claudine Gay mounts after Penn’s Liz Magill resigns following antisemitism testimony

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“This is as difficult a moment for elite higher education as any moment since the Vietnam War,” said Larry Summers. “Perhaps more difficult.”

https://fortune.com/2023/12/10/harvard-president-claudine-gay-upenn-liz-magill-antisemitism-testimony/


For legacy automakers fearing China’s electric vehicle exports, reducing costs is now ‘more important than anything else’

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Electrical vehicles made in China have a serious cost advantage—and automakers elsewhere are racing for answers.

https://fortune.com/2023/12/10/china-electric-vehicles-go-global-legacy-automakers-race-to-reduce-costs/


Apple says it shut down the Beeper Mini app—which enabled iMessage for Android—to 'protect our users'

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iMessage on Android would "remove an obstacle to iPhone families giving their kids Android phones," an Apple engineer warned several years ago.

https://fortune.com/2023/12/10/apple-beeper-mini-app-imessage-android/


Elon Musk restores X account of conspiracy theorist Alex Jones after posting poll: 'The people have spoken and so it shall be'

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Musk, who has described himself as a free speech absolutist, said the move was about protecting those rights.

https://fortune.com/2023/12/10/elon-musk-alex-jones-x-account-free-speech-social-media-twitter/


As Chinese electric vehicles spread overseas, German car-parts maker says it must ‘adapt in order to survive’—by boosting sales in China

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China’s carmakers are bringing their local suppliers with them as they expand, and ZF Friedrichshafen is going on the offensive.

https://fortune.com/2023/12/10/china-electric-vehicles-exports-germany-car-parts-friedrichshafen/


Here's how to watch Week 14 of the 2023 NFL season and your favorite football teams play online for free—even without a cable subscription.

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Eagles in the spotlight once again.

https://fortune.com/2023/12/10/watch-stream-nfl-football-games-live-online-free-without-cable-2023-season-week-14-what-channel-fox-cbs-abc-nbc-espn/


Many Gen Zers think the best way to build wealth is to be their own boss, Instagram’s year-end trend report finds

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It's a sign of a broken American Dream.

https://fortune.com/2023/12/10/gen-z-says-best-path-build-wealth-self-employment/


Are electrolyte powders good for you? What nutrition experts want you to know before taking any hydration supplement

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Few studies have been conducted on the effects of these electrolyte powders and other hydration supplements.

https://fortune.com/well/article/are-electrolyte-powders-good-for-you/


Marc Andreessen argues MrBeast Feastables and Logan Paul’s Prime are not ‘gimmicks’ but the ‘future of consumer products’

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The YouTube stars’ products, and Kim Kardashian’s Skims, may be the start of a “monster wave,” said the billionaire VC.

https://fortune.com/2023/12/09/marc-andreessen-mrbeast-feastables-logan-paul-prime-future-brands-consumer-products/


Liz Magill, under pressure after antisemitism comments to lawmakers, resigns as University of Pennsylvania president

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Criticism followed her being unable to say that calls on campus for the genocide of Jews would violate the school’s conduct policy.

https://fortune.com/2023/12/09/upenn-president-liz-magill-resigns-under-pressure-after-antisemitism-comments-to-lawmakers/


MLB superstar Shohei Ohtani breaks record with $700 million Dodgers deal: ‘He’s transcended baseball.’

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Ohtani has been likened to the legendary Babe Ruth for his ability to hit home runs and pitch.

https://fortune.com/2023/12/09/mlb-shohei-ohtani-record-baseball-deal-dodgers/


Elon Musk says Ilya Sutskever—the OpenAI chief scientist who helped fire Sam Altman then backtracked—should jump ship for xAI or Tesla

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Musk played a key role in luring Sutskever to OpenAI before starting xAI, the startup behind ChatGPT rival Grok.

https://fortune.com/2023/12/09/elon-musk-says-openai-ilya-sutskever-should-join-xai-or-tesla/


China’s deflation fears intensify as consumer prices fall at steepest pace in three years

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Deflation is dangerous for China because it can lead to a downward spiral of economic activity.

https://fortune.com/2023/12/09/china-deflation-consumer-prices-drop-economy/


Here's how the EU will regulate AI tools like OpenAI's ChatGPT and GPT-4

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Models deemed to pose a “systemic risk," such as GPT-4, would be subject to more rules than less advanced ones.

https://fortune.com/2023/12/09/eu-tech-regulations-ai-openai-chatgpt-gpt-4/


American workers keep proving they don’t need to return to the office to be productive

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The productivity of U.S. workers grew 5.2% in the third quarter, at the fastest pace since 2020.

https://fortune.com/2023/12/09/what-is-fueling-productivity-boom-four-reasons/


Bill Gates thinks he's a better boss than Elon Musk's 'hardcore' approach. Research (kind of) proves him right

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Gates has softened over the years, while Musk appears to only have doubled down.

https://fortune.com/2023/12/09/bill-gates-elon-musk-hardcore-leadership/


The Fed watcher who called the 2007 housing bubble expects interest rates to stay high for ‘much, much, much longer.’ It’s payback for the unsustainable ‘free money era’

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Jim Grant of Grant's Interest Rate Observer believes it will take years to undo the kinks from a decade of ultra-low interest rates.

https://fortune.com/2023/12/09/jim-grant-interest-rates-bubble-capital/


This 55-year-old single mom makes less than $100k per year and is reverse aging without spending millions. Here's her daily routine

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Julie Gibson Clark is aging at 0.665 of a year for every chronological year she lives and ranks no.2 in a global online longevity game.

https://fortune.com/well/article/reverse-aging-habits-daily-routine-single-mom-budget/


House, marriage, kids: Following a traditional 'order' of life milestones could majorly mess up your finances

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Rachel Gottlieb of UBS, co-author of Money and Love, Abby Davisson, and Albion Financial Group's Doug Wells on reprioritizing life's milestones.

https://fortune.com/2023/12/09/buying-house-marriage-kids-best-order/


Joe Biden gives a rare take on interest rates by saying the latest jobs numbers show the economy is in a 'sweep spot' and that rate hikes aren't needed

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The comments marked a rare example of Biden weighing in on central bank policy making.

https://fortune.com/2023/12/08/joe-biden-jobs-numbers-fed-interest-rate-hikes/


'The world is watching': Lawmakers call for ouster of 3 university presidents after their legalistic answers about antisemitism and genocide

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The bipartisan group sent a letter to the governing boards of Harvard, Penn, and MIT.

https://fortune.com/2023/12/08/lawmakers-call-for-ouster-penn-harvard-mit-antisemitism-genocide/


European regulators agree to landmark regulation of AI tools like ChatGPT in what is among the world's first efforts to rein in the cutting-edge tech

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They agreed to limit the use of the technology for surveillance in public spaces with more guardrails.

https://fortune.com/2023/12/08/eu-ai-artificial-intelligence-regulation-chatgpt/


Ryan O'Neal, Oscar-nominated actor who starred in 'Love Story' and 'Paper Moon,' dies at 82

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He was among the biggest movie stars in the 1970s, working with many of the era's most celebrated directors including Peter Bogdanovich and Stanley Kubrick.

https://fortune.com/2023/12/08/ryan-oneal-actory-obituary-love-story-paper-moon-barry-lyndon/


SpaceX passes Arctic military tests, paving the way for new Pentagon contracts

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Starlink passed nine months of testing, showing it can provide “reliable and high-performance communications system in the Arctic."

https://fortune.com/2023/12/08/spacex-arctic-military-tests-pentagon-contracts/


FTC doubles down on oil industry scrutiny as it reviews Chevron-Hess merger

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Chevron proposed to pay $53 billion for Hess and Exxon offered $60 billion for Pioneer Natural Resources. The feds are reviewing both mergers.

https://fortune.com/2023/12/08/ftc-chevron-hess-merger-federal-trade-commission/


'Nudify' apps that use AI to undress women in photos are soaring in popularity, prompting worries about non-consensual porn

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TikTok has blocked the keyword “undress,” a popular search term associated with the services.

https://fortune.com/2023/12/08/ai-pps-undress-women-photos-soaring-in-use/


How to cancel your credit card

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The length of your credit history counts for 15% of your credit score so consider how closing your credit card will affect your score.

https://fortune.com/recommends/credit-cards/how-to-cancel-your-credit-card/


After 2 years fighting its union, Starbucks says it wants to restart bargaining and reach a contract agreement in 2024

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The company is currently in a legal battle with unionized workers, including over pro-Palestine messaging.

https://fortune.com/2023/12/08/starbucks-union-negotiations-2024-contract/


Biden heads to Las Vegas to talk up $8.2 billion in funding to boost languishing high-speed rail projects, including a 218-mile route to California

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The administration hopes the investment will help to boost prospects for a long-discussed project linking Las Vegas to Rancho Cucamonga, just east of Los Angeles.

https://fortune.com/2023/12/08/joe-biden-las-vegas-electric-railroad-project-funding/


FabFitFun, a $1 billion subscription box startup, frantically backpedals after a profane, pro-Elon Musk ad bombs

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The ad offered users a free gift with their first box if they used the code “GoF–kYourself."

https://fortune.com/2023/12/08/fabfitfun-elon-musk-twitter-x-ad-controversy-promo-code/


Elon Musk responds with ‘yes’ after Sam Altman says antisemitism is worse than he thought, ‘particularly on the American left’

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Musk has faced intense backlash after endorsing an antisemitic post last month—and has been hitting back.

https://fortune.com/2023/12/08/elon-musk-sam-altman-antisemitism/


Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

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“The recession that seemed so inevitable at the end of 2022, still hasn’t arrived and may not come any time soon,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

https://fortune.com/2023/12/08/unemployment-rate-november-2023-fed-interest-rates/


Wildest dreams: Taylor Swift’s Eras Tour is the first ever to gross $1 billion in what is yet another untouchable milestone for the superstar singer

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Swift’s blockbuster concert tour, which has attracted more than 4.3 million fans, became the first ever to reach an astounding 10 figures in ticket sales.

https://fortune.com/2023/12/08/did-taylor-swift-eras-tour-make-a-billion-dollars/


Want to build credit without a credit card?

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Credit-builder loans or federal student loans could be a good place to start, since they don’t require a credit check.

https://fortune.com/recommends/credit-cards/how-to-build-credit-without-credit-card/


4 ways to boost your credit score

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Free credit-building platforms can help you improve your credit score without any added cost, whether you’re looking to establish credit for the first time or build up an existing score.

https://fortune.com/recommends/credit-cards/programs-that-help-boost-your-credit-score-for-free/


Millennials and Gen Xers might be the unluckiest caregivers in history. Here’s how their crisis is affecting every workplace

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There are only 4 kinds of people–those who have been caregivers, those who are caregivers, those who will be caregivers, and those who will need caregivers.

https://fortune.com/2023/12/08/millennials-gen-x-unluckiest-caregivers-crisis-workplace-bill-novelli/


How to rebuild credit with a secured credit card

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Secured card requires a deposit as collateral that will also set your credit limit.

https://fortune.com/recommends/credit-cards/what-is-a-secured-credit-card/


El Salvador became the first country to accept Bitcoin as legal tender. Now it’s offering citizenship for a $1 million ‘investment’

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The Central American nation led by Nayib Bukele is partnering with the controversial stablecoin Tether on the initiative.

https://fortune.com/crypto/2023/12/08/el-salvador-bitcoin-tether-nayib-bukele-investment-citizenship/


U.S. lawmakers tried banning Elf Bar and other e-cigarettes imported from China—it didn’t work, and now they’re trying again

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The FDA banned disposable e-cigarettes imported from China, but the company behind Elf Bar—one of the most popular vape brands—is still widely available in many shops.

https://fortune.com/2023/12/08/us-ban-elf-bar-ecigarettes-vape-china/


‘Nudify’ apps that use AI to undress women in photos are soaring in popularity

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The services, many of which only work on women, are part of a worrying trend of non-consensual porn becoming easier to access thanks to AI.

https://fortune.com/2023/12/08/nudify-apps-use-ai-popularity-deepfakes/


Imposing harsh return-to-office mandates on employees was like taking candy from a baby. But CEOs will have to answer to their own bosses–investors

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Investors are keen on understanding how work-from-home policies translate into tangible business outcomes that affect the bottom line.

https://fortune.com/2023/12/08/imposing-harsh-return-to-office-mandates-employees-bosses-investors-careers-work-gleb-tsipursky/


Economy adds 199,000 jobs in November and unemployment rate falls with all eyes on ‘soft landing’

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More workers came off the sidelines as the unemployment rate fell.

https://fortune.com/2023/12/08/job-report-november-199000-hiringnovember-unemployment-rate-soft-landing/


Spotify’s CFO cashed in $9M worth of stock after mass layoffs

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The CFO reshuffle comes after boss Daniel Ek announced the company’s biggest-ever layoffs to return to its roots as a lean and scrappy underdog.

https://fortune.com/2023/12/08/spotify-layoffs-daniel-ek-cfo-paul-vogel-insider-stock-sale/


Elon Musk's Tesla union troubles escalate rapidly in Scandinavia

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A recent poll of 120 Swedish businesses found that over half would stop buying Teslas, and a Danish pension fund said it would ditch Tesla’s stock due to union troubles.

https://fortune.com/europe/2023/12/08/elon-musk-tesla-union-troubles-scandinavia/


'Greedflation' study finds many companies were lying to you about inflation

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Companies like ExxonMobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.

https://fortune.com/europe/2023/12/08/greedflation-study/


Census Bureau wants to shake up how people with disabilities are counted in massive U.S. survey

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Census Bureau officials say the proposed change will align the U.S. with international standards, allowing comparisons among countries.

https://fortune.com/2023/12/08/census-bureau-disabilities-survey-change/


'I believe that we will never see this ever again': High-flying Swiss luxury watch makers grounded as the great pandemic splurge peters out

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Turbocharged demand for timepieces boosted Swiss watch exports to a record $28.5 billion in 2022. Now the main growth is in cheaper timepieces.

https://fortune.com/europe/2023/12/08/swiss-luxury-watches-pandemic-boom-over-2023-rolex-patek-philippe-audemars-pigyet/


NCAA's longstanding practice of making transfers sit out a year challenged on antimonopoly grounds by 7 states

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The lawsuit says the rule “unjustifiably restrains the ability of these college athletes to engage in the market for their labor as NCAA Division I college athletes.”

https://fortune.com/2023/12/08/ncaa-transfer-policy-college-student-athletes-sports-antitrust-lawsuit/


Abbott baby formula aftermath: One dead child and another with brain damage so bad she has constant seizures and crying bouts

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The dangerous bacteria that sparked powdered formula recalls and shortages in 2022 has infected two babies, killing one and causing brain damage in another.

https://fortune.com/well/2023/12/08/abbott-baby-formula-recall-dead-child-brain-damage/


College sports largely applauds NCAA chief's proposal to do the once unthinkable: Let schools pay athletes

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Charlie Baker said he believes about 100 schools might consider opting into a new subdivision that would allow payments.

https://fortune.com/2023/12/08/ncaa-president-charlie-baker-pay-student-athletes-college-sports/


Retail group forced to correct 'inaccurate' report claiming organized retail crime accounts for nearly half of inventory loss

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The revised report also deleted any estimate of organized retail crime's overall impact in dollars.

https://fortune.com/2023/12/08/national-retail-federation-report-inaccurate/


November jobs report to offer latest pivotal clue on whether U.S. economy is pulling off the near-miraculous 'soft landing'

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The jobs report is expected to show that employers added a solid 172,500 jobs, according to a survey of economists, slightly exceeding October's 150,000.

https://fortune.com/2023/12/08/will-economy-pull-off-soft-landing-november-jobs-report/


Binance founder Changpeng Zhao must stay in the U.S. for sentencing,  judge rules

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The ruling means CZ can't go to the UAE prior to his hearing in Seattle in February.

https://fortune.com/crypto/2023/12/07/binance-founder-changpeng-zhao-must-stay-in-the-u-s-for-sentencing-judge-rules/


Amazon sues alleged scammers who stole millions by bribing and hacking their way to refunds for products they never returned

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The scheme involved hacking into Amazon’s internal systems and bribing Amazon employees to approve reimbursements.

https://fortune.com/2023/12/07/amazon-fraud-thieves-refunds-millions-of-dollars/


Penn president's 'permissive approach' to antisemitism prompts donor to withdraw a $100 million gift

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Investment manager Ross Stevens had pledged a stake in his firm to the Ivy League university.

https://fortune.com/2023/12/07/penn-100-million-gift-antisemitism-congressional-hearing/


Electric vehicles from China recalled in Australia due to drivers facing a 'risk of serious injury or death' by electrocution

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Chinese EV makers are expanding abroad but have a long way to go in building trust—and recalls like this, from Great Wall Motor, won’t help.

https://fortune.com/2023/12/07/electric-vehicles-recall-electrocution-risk-great-wall-motor-ora-australia-china/


Elon Musk is so irate at Disney for pulling ads from X that he says CEO Bob Iger 'should be fired immediately'

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In a series of posts, Musk appeared to refer to the box-office performance of some recent Disney films, saying Iger “drops more bombs than a B-52.”

https://fortune.com/2023/12/07/elon-musk-x-bob-iger-fight-disney-pulls-ads/


California faces record $68 billion budget deficit as a slump in hiring and homebuying hits tax collections

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Thanks to rising inflation, fewer people are buying homes and fewer businesses are hiring workers—leading to lower tax collections for the nation's most populous state.

https://fortune.com/2023/12/07/california-record-68-billion-budget-deficit-as-slump-in-hiring-and-homebuying-hits-tax-collections/


MacKenzie Scott donated $2 billion to charity this year—or a total of $16.5 billion since starting her quest to give away everything 'until the safe is empty'

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She’s given to 360 organizations since last December, including numerous legal-aid clinics and community health nonprofits.

https://fortune.com/2023/12/07/mackenzie-scott-donations-charity-giving-pledge-billions/


'We cannot work with both sides': A major Emirati AI company has picked a side in the U.S.-China tech war

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“We need to be very cautious," G42’s CEO said after U.S. intelligence officials raised concerns over the firm's ties to Chinese technology companies.

https://fortune.com/2023/12/07/emirati-ai-company-picks-side-against-china-g24-us-sanctions/


Elon Musk demands his employees work ‘long hours’, but turning staff into workaholics makes them way less productive, Slack's 10,000-person survey finds

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Unless workers choose to stay late because they want to, working overtime often backfires.

https://fortune.com/2023/12/07/workaholics-working-long-hours-productivity-declines-slack/


Ex-NFL team executive is accused of stealing $22 million that he used to splurge on a Tesla, private jet flights, and a Patek Philippe watch

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He also bought a Nissan pickup truck, cryptocurrency, sports memorabilia, a country club membership, and tickets to sporting events, prosecutors allege.

https://fortune.com/2023/12/07/nfl-jacksonville-jaguars-executive-alleged-theft-22-million/


Under fire, Penn and Harvard's presidents walk back their comments about antisemitism and genocide: 'It's evil, plain and simple'

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Asked whether “calling for the genocide of Jews” would violate each university's code of conduct, the two presidents gave responses that set off a firestorm.

https://fortune.com/2023/12/07/penn-harvard-presidents-antisemitism-congressional-hearing-walk-back-comments/


Tesla’s push into supercomputers, potentially worth $500 billion in added market value, just suffered a big blow after its chief departs

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Musk has said the carmaker plans to invest more than $1 billion on Project Dojo by the end of 2024.

https://fortune.com/2023/12/07/tesla-dojo-supercomputer-project-head-departs/


Elon Musk’s SpaceX is now valued at $175 billion in the private market—that’s larger than any IPO valuation in history

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Musk is reportedly in talks to sell hundreds of millions of dollars of SpaceX stock to private investors.

https://fortune.com/2023/12/07/elon-musks-spacex-valued-at-175-billion-larger-than-any-ipo-valuation-in-history/


Sam Altman explains how being fired as OpenAI CEO was a ‘blessing in disguise’

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Trevor Noah implored Altman to “remember that feeling” of being fired since AI will “put many people in a similar position.”

https://fortune.com/2023/12/07/sam-altman-being-fired-as-openai-ceo-blessing-in-disguise/


The bard of the ‘creative class’ has a remote work diagnosis: It’s the era of the ‘meta city’ and London is the super capital of the world

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London and New York are the capitals of the world because of remote working—not in spite of it, a prominent theorist proves with LinkedIn data.

https://fortune.com/2023/12/07/london-new-york-world-capitals-meta-cities-richard-florida/


Ohio woman who threw burrito bowl at Chipotle worker sentenced to work at fast food job: 'This is not Real Housewives'

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“This is not 'Real housewives of Parma.' This behavior is not acceptable,” an Ohio judge said.

https://fortune.com/2023/12/07/chipotle-freakout-sentenced-work-at-fast-food-job/


Elon Musk’s showdown with Nordic labor deepens as a pension fund dumps Tesla shares and postal workers withhold mail

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A Swedish court ruling has effectively halted Tesla deliveries in a major European market.

https://fortune.com/europe/2023/12/07/elon-musk-sweden-labor-union-tesla-court-pension-fund/


The White House threatens to cancel the patents of taxpayer-funded drugs if they’re too expensive for patients to afford

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The move follows a first-ever effort from the White House to negotiate what Medicare pays for medicines.

https://fortune.com/well/2023/12/07/joe-biden-white-house-drug-patents-cancel-price/


Jack Dorsey’s Block opens up preorders for Bitcoin hardware wallet Bitkey in more than 95 countries

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Customers will be able to get their hands on the hardware in early 2024.

https://fortune.com/crypto/2023/12/07/jack-dorseys-block-bitkey-preorders-live-95-countries-bitcoin-hardware-wallet/


Boost your bank balance: SoFi's $300 bonus for new and existing customers

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Learn how SoFi's latest offer benefits new and existing account holders, increasing the welcome bonus for checking and savings accounts to $300.

https://fortune.com/recommends/banking/sofi-direct-deposit-incentive/


Ex-Twitter exec claims Elon Musk's cost-cutting zeal gutted a federal agreement—and says he was fired for sounding the alarm

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Alan Rosa said Twitter unlawfully fired him and denied him severance over his refusal to breach an FTC consent decree.

https://fortune.com/2023/12/07/elon-musk-twitter-lawsuit-employee-ftc-consent-decree/


Swan raises $40 million to build out institutional offerings such as Bitcoin-backed lending

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The company led by Cory Klippsten has quietly become one of the largest in crypto through its Bitcoin-only approach.

https://fortune.com/crypto/2023/12/07/swan-bitcoin-lending-cory-klippsten-institutional-venture/


Being single is so expensive that women’s financial confidence plummets if they’re unmarried, survey says

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Single women are more worried about living paycheck-to-paycheck than anyone else.

https://fortune.com/2023/12/07/single-women-financial-confidence-drops-relationship-status/


Competition cop Lina Khan’s antitrust overreach is hurting U.S. competitiveness–and destroying billions of dollars in value

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Antitrust overreach is hurting America's global competitiveness, with the FTC calculating industry concentration on a purely domestic basis.

https://fortune.com/2023/12/07/lina-khan-antitrust-overreach-ihurting-us-competitiveness-destroying-billions-value-sonnenfeld-tian/


Bill & Melinda Gates Foundation pledges $100 million to expand economic mobility work because too many people are stuck in their careers

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The Gates Foundation is far from alone in this field, which has other large funders including philanthropist MacKenzie Scott and Blue Meridian Partners.

https://fortune.com/2023/12/07/bill-melinda-gates-foundation-100-million-economic-mobility-mackenzie-scott/


Billionaire Ray Dalio says private capital can only realistically finance climate solutions if returns make sense

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Ray Dalio's message is part of a wider pivot in the messaging from the finance industry.

https://fortune.com/2023/12/07/bridgewater-ray-dalio-private-capital-climate-solutions-returns/


AI can now turn a rough sketch of a skyscraper into a detailed rendering in a matter of minutes. A leading architect demonstrates how

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Keith Griffiths, founder of architecture firm Aedas, can use AI to shorten a process that normally takes three weeks to just a few minutes.

https://fortune.com/2023/12/07/ai-sketch-render-skyscraper-architecture-firm-aedas-founder-keith-griffiths/


'This program was always a temporary one': Norfolk Southern spent over $21 million to relocate Ohioans displaced by fiery crash but that's ending

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“We’ll continue keeping our promises and listening to the community,” Norfolk Southern CEO Alan Shaw insisted about East Palestine, Ohio.

https://fortune.com/2023/12/07/norfolk-southern-derailment-ohio-relocation-ending-program-temporary/


New York governor hails 'milestone' of first offshore wind farm, as Danish giant shows America how to do clean energy

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Some Long Island residents at first objected on both environmental and aesthetic grounds to the transmission line running. A judge dismissed their complaint in July.

https://fortune.com/2023/12/07/first-offshore-wind-farm-america-new-york-state-denmark-orsted-eversource-utility/


McDonald's is launching a Starbucks and Dunkin' killer called 'CosMc's' with drinks like the churro frappe, pear-flavored slush and turmeric latte

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The new restaurant format, which will be tested in 10 locations early next year, is named after a space alien character that McDonald's introduced in the 1980s.

https://fortune.com/2023/12/07/mcdonalds-new-restaurant-format-cosmcs-cafe-starbucks-dunkin/


Robinhood launches crypto trading in the EU, adds Solana and other tokens delisted in the U.S.

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The online brokerage had delisted the three cryptocurrencies in the U.S. in June after the SEC named them in its lawsuits against Binance and then Coinbase.

https://fortune.com/crypto/2023/12/07/robinhood-launches-crypto-trading-eu-european-union-solana-polygon-cardano/


'Too many' U.S. Coast Guard employees feel unsafe, internal review finds after recent revelations about rapes and sexual harassment

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The wide-ranging 90-day review, released Wednesday, calls for an end to a “permissive environment” that extends to inappropriate jokes and comments.

https://fortune.com/2023/12/06/coast-guard-safety-rapes-sexual-harassment-academy/


Oregon utility owned by Warren Buffett's Berkshire Hathaway to pay $300 million settlement over 2020 wildfires

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The settlement announced Tuesday comes after the utility lost a similar lawsuit in June for wildfires in other parts of the state.

https://fortune.com/2023/12/06/oregon-utility-pacifcorp-warren-buffett-berkshire-hathaway-settlement-2020-wildfires/


Ancestry’s CEO on how women can get ahead even when the playing field isn’t level

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It’s time to become the beneficiary of your history, Deb Liu says.

https://fortune.com/2023/12/06/ancestry-ceo-deb-liu-career-paypal-ebay-facebook-women-workplace/


Elizabeth Warren and Wall Street just declared a truce: ‘I am not usually holding hands with the CEOs of multibillion-dollar banks’

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The Massachusetts senator known for being tough on the financial industry has a new target in her sights.

https://fortune.com/2023/12/06/elizabeth-warren-wall-street-banks-crypto-regulation-know-your-customer/


A third of women suffer long-term medical consequences after giving birth. These 9 ‘underreported’ health problems are impacting millions

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Nearly 290,000 women around the world die in childbirth each year, and a third of those who survive develop a long-term health issue after pregnancy.

https://fortune.com/well/2023/12/06/health-problems-caused-childbirth-pregnancy-pain-sex-back-incontinence-anxiety-depression-infertility/


Jack Dorsey’s Tidal music to cut 10% of jobs in just the latest round of layoffs in the streaming music industry

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The firings follow similar cuts at streaming leader Spotify, which said this week it’s reducing staff by 17%.

https://fortune.com/2023/12/06/jack-dorsey-tidal-music-layoffs-spotify/


One of Wall Street’s most feared short sellers takes aim at Blackstone Mortgage Trust, warning it could be ‘completely wiped out’ by rising losses

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Muddy Waters believes the ‘perfect macro storm’ of high interest rates and office vacancies is coming for Blackstone Mortgage Trust.

https://fortune.com/2023/12/06/blackstone-muddy-waters-mortgage-trust-short-selling-real-estate/


Pfizer CEO slams Harvard, MIT, and Penn leaders for their ‘despicable’ testimony about antisemitism and genocide

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Two of the university leaders refused to say that calling for the genocide of Jews was against their schools’ policies, saying it depended on the context.

https://fortune.com/2023/12/06/pfizer-ceo-antisemitism-harvard-mit-penn-congressional-testimony/


How to watch or stream the fourth Republican debate live online free without cable

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Trump, once again, will be absent.

https://fortune.com/2023/12/06/watch-stream-fourth-republican-debate-live-online-free-without-cable-2023-what-channel-fox-cbs-abc-nbc-cw/


Biden moves to forgive another $5 billion of student debt: 'I won’t back down'

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The move provides relief to more than 80,000 borrowers.

https://fortune.com/2023/12/06/biden-moves-to-forgive-5-billion-student-debt/


Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers

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The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

https://fortune.com/2023/12/06/sen-robert-menendez-bribery-charges-bank-ceos-cfpb-settlements/


It’s ‘extremely likely’ we’ve seen mortgage rates peak, Capital Economics says, and mortgage demand is starting to recover

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Capital Economics projects 7% mortgage rates in the coming weeks.

https://fortune.com/2023/12/06/mortgage-rates-peak-capital-economics/


What is 'white lung' pneumonia, and why is it reportedly on the rise in kids? What parents need to know

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Likely behind the trending but misleading “white lung” phrase: a fear that cases of pneumonia of an “unknown origin” in China have spread to European countries, and to the U.S.

https://fortune.com/well/2023/12/06/white-lung-pneumonia-syndrome-united-states-china-europe/


Home prices will fall for the first time since 2012, Redfin’s chief economist predicts, but they'll still be ‘out of reach’ for many buyers

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Redfin expects home prices to fall 1% in the second and third quarters of next year and be flat in the first and last quarters, per its 2024 housing market forecast.

https://fortune.com/2023/12/06/redfin-housing-forecast-home-prices-mortgage-rates-sales/


The workout, health, and rest routine Taylor Swift adopted ahead of the hardest tour of her life

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Swift began training six months ahead of The Eras Tour, running on the treadmill and “singing the entire set list out loud” daily.

https://fortune.com/well/2023/12/06/taylor-swift-eras-tour-workout-routine/


AI is so indispensable for this profession that nearly 60% of the workers who use it say they’d rather take a 10% pay cut than go without the technology

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Many market intelligence researchers have become reliant on AI to do their jobs—it could be a sign of what's to come across the economy.

https://fortune.com/2023/12/06/generative-ai-at-work-pay-cut-rather-than-lose-tools/


Jamie Dimon blasts crypto, tells Senate he would ‘close it down’—even as JPMorgan pushes forward with blockchain payments

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The JPMorgan CEO's comments to the Senate are just his latest tirade against crypto. His position is a bit ironic given the bank's own embrace of technology.

https://fortune.com/crypto/2023/12/06/jamie-dimon-crypto-senate-hearing-jpmorgan-blockchain-payments/


Vivek Ramaswamy made a name for himself as the ‘anti-woke CEO’–but the fund manager he co-founded has been marketing funds packed with Democratic-leaning holdings

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Anti-woke and anti-ESG claims are so integral to the wider Ramaswamy brand that they earned him the title 'CEO of Anti-Woke, Inc.' in the media.

https://fortune.com/2023/12/06/vivek-ramaswamy-made-a-name-for-himself-anti-woke-ceo-fund-manager-founded-marketing-funds-democratic-leaning-holdings-republican-candidates-gop-finance-brian-potts/


Is Spotify doomed?

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Tight margins, fights with big tech, and aren't likely to be solved by the group's cull of 1,500 of its workers.

https://fortune.com/europe/2023/12/06/spotify-layoffs-stock-wall-street-business-model-spiral-daniel-ek/


CVS Health overhauls its prescription drug pricing model, which could lead to some savings for customers next year

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The health care giant said Tuesday that it will roll out a new reimbursement model designed to make costs more predictable at the drugstore counter.

https://fortune.com/well/2023/12/06/cvs-health-overhaul-prescription-drug-pricing-model-which-could-lead-to-savings-for-customers-next-year/


Menu items revealed for CosMc's, the new spinoff restaurant from McDonald's

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Unique drinks and sandwiches will apparently live alongside menu favorites.

https://fortune.com/2023/12/06/details-mcdonalds-spin-off-restaurant-cosmcs/


The Sam Altman-backed crypto project Worldcoin announces plans for decentralization as it expands its eye-scanning ambitions

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The company released a new grants program and protocol roadmap on Wednesday.

https://fortune.com/crypto/2023/12/06/worldcoin-decentralization-sam-altman-crypto-orb-eye-scanning/


British American Tobacco says its U.S. cigarette brands are worth $32 billion less and it's basically because of Gen Z

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The maker of Lucky Strikes is taking the non-cash impairment to reflect the diminishing carrying value of the brands over the next 30 years.

https://fortune.com/2023/12/06/british-american-tobacco-writes-off-32-billion-us-cigarettes-smoking-gen-z/


PepsiCo's top designer thinks design is now a competitive advantage

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At the Brainstorm Design conference in Macau, PepsiCo chief design officer Mauro Porcini shared the "baptism of fire" he got upon joining the company in 2012.

https://fortune.com/2023/12/06/pepsico-chief-design-officer-mauro-porcini-competitive-advantage-logo-dispenser-brainstorm-design-macau/


Record-breaking rainfall and December temperatures on par with Florida are shutting down the Pacific Northwest with floods

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The conditions, brought by an atmospheric river, closed rail links, schools and roads in some areas in Washington state.

https://fortune.com/2023/12/06/record-breaking-rainfall-warm-temperatures-shut-down-pacific-northwest-floods/


Biden to sign executive order making it easier for Native Americans to access federal funds

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"Tribal nations still face unacceptable barriers to fully exercising their inherent sovereignty," said Neera Tanden, White House domestic policy adviser.

https://fortune.com/2023/12/06/biden-executive-order-native-american-access-federal-funding-tribal-nations-summit/


Taylor Swift beats out Barbie, King Charles III, and Sam Altman to be named Time Magazine’s person of the year

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“While her popularity has grown across the decades, this is the year that Swift, 33, achieved a kind of nuclear fusion: shooting art and commerce together to release an energy of historic force,” Time said about her selection.

https://fortune.com/2023/12/06/taylor-swift-time-magazine-person-of-the-year-2023/


Elon Musk claims Tesla is ‘quite far advanced’ in developing game-changing low cost EV to be built in Texas

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Tesla is at the trough of its product cycle and badly needs investors to believe respite is right around the corner.

https://fortune.com/2023/12/06/elon-musk-tesla-sandy-munro-cybertruck-texas/


The U.S. economy could face 'a perfect storm' if Basel III Endgame goes into effect. Here’s why

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The capital regulation plan known as Basel III Endgame will increase capital requirements by 20% or more for the eight largest U.S. banks.

https://fortune.com/2023/12/06/us-economy-could-face-perfect-storm-basel-iii-endgame-goes-into-effect-finance-banks-kevin-fromer/


Christie's Asia president doesn't think AI artists are stealing work: 'Do we know any artist that has created a painting fully isolated?'

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"It's just building the same thing in a different way," Frances Belin said Wednesday at Fortune's Brainstorm Design conference in Macau.

https://fortune.com/2023/12/06/christie-asia-pacific-president-ai-art-intellectual-property-brainstorm-design-macau/


Bank of America CEO Brian Moynihan says YOLO spenders aren't wrung out just yet: 'They're in pretty decent shape'

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"The way consumers are spending money is leveling out. But all in all, in pretty decent shape."

https://fortune.com/2023/12/06/bank-of-america-ceo-brian-moynihan-consumers-have-cash-left/


Europe's coffee culture is clashing with vague and heavy-handed deforestation rules, as industry group warns of potential 2025 shortage

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The “EU may not get enough coffee” in 2025 if it doesn't clarify the rules, says the International Coffee Organization's Vanúsia Nogueira.

https://fortune.com/europe/2023/12/06/europe-coffee-shortage-2025-deforestation-rules-regulations-vague-heavy/


Future of Finance: Paolo Ardoino on Tether proving crypto critics wrong and how ‘Bitfinex is a different company compared to Binance’

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Ardoino talked about his early career and why it's mostly been "business as usual" after recently becoming Tether's CEO.

https://fortune.com/crypto/2023/12/06/future-of-finance-tether-bitfinex-paolo-ardoino/


Air France, Lufthansa and Etihad have false environmental ads banned

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The airlines urged customers to "fly more sustainably" with them, but the ASA said there was no evidence they could do so.

https://fortune.com/europe/2023/12/06/air-france-lufthansa-adverts-banned-asa/


Texas high school sends Black student back to suspension over his hairstyle

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Darryl George, 18, had just returned from a month of off-site discipline. He has spent over 80% of his junior year outside of his regular classroom.

https://fortune.com/2023/12/06/texas-high-school-black-student-suspension-hairstyle-darryl-george/


Government accuses JetBlue of trying to have it both ways in arguing Spirit acquisition is crucial but other small carriers could easily replace it

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During closing arguments in its antitrust trial, JetBlue's lawyer says it needs Spirit to be a “viable challenger” to the four major domestic airlines.

https://fortune.com/2023/12/06/jetblue-spirit-antitrust-trial-closing-arguments-airline-industry/


Supreme Court looks like it will punt on a wealth tax while upholding levy on foreign income

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After two hours of arguments, there seemed to be a consensus that "there is room for some narrow ground” to decide the case, as Justice Neil Gorsuch said.

https://fortune.com/2023/12/06/supreme-court-wealth-tax-narrow-ground-charles-kathleen-moore/


'Except for Day One,' Trump says when asked about abusing power. 'After that, I'm not a dictator'

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“Under no circumstances, you are promising America tonight, you would never abuse power as retribution against anybody?" Fox News Sean Hannity asked Trump.

https://fortune.com/2023/12/06/donald-trump-dictator-abuse-power-except-day-one-fox-news-sean-hannity/


Panera is being sued for negligence after a customer drank its caffeinated lemonade that allegedly caused him to die from cardiac arrest

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The family of 21-year-old with a heart condition who died in 2022 after consuming the drink has previously sued the restaurant chain.

https://fortune.com/2023/12/05/panera-sued-caffeinated-lemonade-death-cardiac-arrest/


Wikipedia's most-viewed articles in 2023 reflect the public's new-found obsession with AI and an old one for dead celebrities

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The most popular article was about a certain AI chatbot.

https://fortune.com/2023/12/05/wikipedia-top-articles-page-views-2023/


Colleges could pay student-athletes at least $30,000 under new proposal that would shake up NCAA sports

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The association would create a new tier of NCAA Division I sports where schools would be required to pay at least half their athletes.

https://fortune.com/2023/12/05/ncaa-atheletes-pay-proposal-universities-college/


Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them

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Traditional lenders are joining firms like Affirm, Klarna, and Afterpay in giving customers shorter-term borrowing options.

https://fortune.com/2023/12/05/banks-warning-federal-government-buy-now-pay-later-products/


GM orders workers back in the office 3 days per week, ending a flexible pandemic-era policy of ‘work appropriately’

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Employees must commute into GM Tuesday, Wednesday and Thursday each week if they live within 50 miles of a GM office.

https://fortune.com/2023/12/05/gm-rto-hybrid-mandate-three-days-per-week-mary-barra/


Penn students sue over 'egregious' antisemitism on campus that they claim is 'emboldened' by the administration's 'tolerance and enabling'

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Penn became the third major U.S. college, after NYU and the UC Berkeley, to face lawsuits in the last month over antisemitism.

https://fortune.com/2023/12/05/penn-sued-students-antisemitism-israel-hamas-gaza/


Elon Musk seeks to raise $1 billion for xAI, the ‘rebellious’ competitor to OpenAI

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Musk split with OpenAI years ago and has since become a frequent critic of the company.

https://fortune.com/2023/12/05/elon-musk-xai-fundraising-1-billion/


Self-made millionaire Barbara Corcoran reveals her ‘golden rule’ of real estate investing

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The "Shark Tank" star with a $100 million net worth says paying 20% down is key—and explains why.

https://fortune.com/2023/12/05/barbara-corcoran-golden-rule-of-real-estate-investing/


Billionaires are in the midst of their own Great Wealth Transfer, and it's changing the face of the 10-figure club forever

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Newly-minted billionaires accumulated more wealth from inheritance than from entrepreneurship over the past year.

https://fortune.com/2023/12/05/billionaire-great-wealth-transfer-ubs/


Corporate America's hiring spree is cooling—economists say we should all take that as a good sign

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U.S. job openings dropped to a 32-month low in October, but Indeed Hiring Lab’s director of economic research says the “report should bring abundant holiday cheer.”

https://fortune.com/2023/12/05/jolts-report-labor-market-cooling-economists-say-good-sign/


Alcohol and sodas should be taxed more to encourage healthier lifestyles and save millions of lives each year, WHO says

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Globally, some 2.6 million people die from drinking alcohol each year and more than 8 million die from an unhealthy diet, the group said.

https://fortune.com/2023/12/05/who-higher-taxes-alcohol-sugary-drinks/


Coinbase Wallet lets users send stablecoins for free on messaging apps like WhatsApp and iMessage

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Coinbase Wallet's new feature will make it easer to send USDC at no cost across borders.

https://fortune.com/crypto/2023/12/05/coinbase-wallet-stablecoins-whatsapp-imessage/


'The push for work-life balance is fatally flawed,' according to a 100-page report and survey of 5,000 workers

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Employees don’t necessarily want to work from home; they really just want to have options.

https://fortune.com/2023/12/05/work-life-balance-flawed-employee-choice-remote-work-versus-office/


Meta is divorcing the messenger programs of Facebook and Instagram

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Meta has severed the link between its two biggest products as it fights more EU regulation.

https://fortune.com/2023/12/05/instagram-facebook-messenger-disconnect-meta/


Uber launches program to pick up your packages at brick-and-mortar stores

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Ride share service offers to help when you’re unable to make it out.

https://fortune.com/2023/12/05/uber-store-pick-up-holidays/


Access to modern stoves could be a game-changer for Africa’s economic development–and help cut the equivalent of the carbon dioxide emitted by the world’s planes and ships

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What’s shocking is that the tools to improve the situation are readily available and affordable, say the heads of the IEA and the African Development Bank.

https://fortune.com/2023/12/05/access-modern-stoves-game-changer-africa-economic-developmentand-equivalent-carbon-dioxide-emissions-world-planes-ships-adesina-birol/


How Nestlé's chief designer is trying to keep its brands relevant, 157 years on

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Yet Ximena O'Reilly, global head of design for Nestlé, admits the company can do more to make its products more sustainable.

https://fortune.com/2023/12/05/nestle-global-head-of-design-ximena-oreilly-interview-ai-sustainability-packaging/


Musk's not wrong: People really are less willing to work post-pandemic—and Covid handouts could be the cause

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While Elon Musk has generally blamed the West’s unwillingness to work longer hours on workers’ sheer laziness, the Bank of International Settlements has blamed the phenomenon on Covid handouts.

https://fortune.com/2023/12/05/elon-musk-people-less-willing-work-post-pandemic-worlds-most-senior-central-bankers-blaming-covid-handouts/


Rockstar Games forced to release GTA VI trailer after leak

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The previous Grand Theft Auto game needed just three days to haul in $1 billion in sales, and went on to become the highest grossing entertainment property of all time.

https://fortune.com/2023/12/05/gta-grand-theft-auto-trailer-rockstar-games-leak-youtube/


School children around the world saw an 'unprecedented drop in performance' during the pandemic, global study finds

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“The whole world is struggling with math, and we are not immune from that,” said Peggy Carr, head of the U.S. National Center for Education Statistics.

https://fortune.com/2023/12/05/pandemic-learning-loss-how-bad-math-scores-unprecedented-drop/


Rishi Sunak's government wants to cut immigration by 300,000 in 'future years'—and it's raising the income cap

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Would-be migrants will need to earn £38,700 to qualify for working visas, Home Secretary James Cleverly said. It used to be £26,000.

https://fortune.com/europe/2023/12/05/uk-immigration-300000-new-salary-requirement-rishi-sunak-james-cleverly/


The future of AI is too important to be decided behind closed doors. There is a better way

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IBM, Meta, and others are launching an AI alliance in the wake of OpenAI's drama.

https://fortune.com/2023/12/05/fate-ai-important-closed-doors-ibm-meta-artificial-intelligence-alliance-tech-dario-gil/


Birkenstock’s shares have finally beaten its IPO price—but the class of 2023 is struggling to forge ahead despite market rally

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Birkenstock's shares has crossed its IPO price of $46 just days after matching it.

https://fortune.com/2023/12/05/birkenstock-beat-ipo-price-public-companies/


Project 'Triggerfish': The secret codename behind Alaska Airlines’ $1.9B deal to buy Hawaiian

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The deal was the culmination of six months of negotiations between the two airline CEOs.

https://fortune.com/2023/12/05/project-triggerfish-codename-alaska-airlines-deal-hawaiian/


Fortune/PINC AI Top 15 Health Systems 2023

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Fortune partnered with PINC AI on the 2023 rankings of the 100 Top Hospitals and 15 Top Health Systems in the U.S.

https://fortune.com/article/top-health-systems-2023-pinc-ai/


The stock market is within 'striking distance' of an all-time high, says Wharton Professor Jeremy Siegel, the only thing which will derail it is Jerome Powell

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Professor Jeremy Siegel of the University of Pennsylvania's Wharton Business School cautioned readers about betting big on when rate cuts will happen.

https://fortune.com/2023/12/05/jeremy-siegel-federal-reserve-jerome-powell-rates-calls-dow-all-time-high/


China's credit rating outlook cut to negative by Moody's

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Beijing pushed back soon after the outlook change was announced, saying it was “disappointed” with Moody’s decision.

https://fortune.com/2023/12/05/china-credit-rating-outlook-cut-to-negative-by-moodys/


Premier League hails $8.4 billion auction result as the richest sports media package in UK history

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The price amounts to a 4% increase from the previous cycle, just for the live events, according to the league. The rights run from the 2025 to 2028 seasons.

https://fortune.com/europe/2023/12/05/premier-league-auction-sky-tnt-8-4-billion-richest-uk-history/


GM’s Mary Barra set on ‘righting the ship’ at Cruise as it faces $1.5m fine for alleged coverup of robotaxi accident that got it booted from California

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Cruise has been ordered to appear at a Feb. 6 hearing to determine whether the robotaxi service misled regulators about what happened after one of its driverless cars ran into a pedestrian.

https://fortune.com/2023/12/05/gm-boss-mary-barra-righting-ship-cruise-15-million-fine-covering-up-severity-robotaxi-accident-forced-out-california/


Buffett's Berkshire bribery battle with billionaire Haslam family set for trial after January

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A judge said if Berkshire wanted a decision on its bribery claims in January it would have to forego requesting additional evidence and limit the number of witnesses.

https://fortune.com/2023/12/05/warren-buffett-berkshire-hathaway-pilot-bribery-haslam-billionaire-trial/


Dollar General subsidiaries sued over negligence during Florida man's racist mass shooting

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"At this Dollar General, there was nothing in place to again deter [the shooter] from attacking and killing innocent persons,” the families’ lawsuit said.

https://fortune.com/2023/12/05/florida-dollar-general-racist-mass-shooting-negligence-lawsuit-jacksonville/


Native Americans rip Mattel for Wilma Mankiller Barbie that says 'Chicken' instead of 'Cherokee'

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A Mattel spokesperson said the company is aware of the problem with the syllabary and is “discussing options.” Mattel did not consult with the Cherokee Nation on the doll.

https://fortune.com/2023/12/05/cherokee-barbie-wilma-mankiller-mattel-criticism-backlash-chicken-translation/


Your 'normal' cholesterol level can still be deadly, warns aging expert Dr. Michael Greger. Here's what it should really be

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Average cholesterol values today are regarded as normal based on a sick society, says the bestselling author of 'How Not to Die.'

https://fortune.com/well/2023/12/05/normal-cholesterol-level-deadly-michael-greger-how-not-to-age/


Nvidia is promising to help Japan get the AI chips it needs with a whole network of new plants

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Nvidia's CEO Jensen Huang is promising to do his best to get Japan the AI chips it needs amid a global shortage.

https://fortune.com/2023/12/05/nvidia-promises-japan-ai-chips-new-plant-ceo-jensen-huang/


IBM, Meta and more than 50 others launch alliance to challenge dominant AI players

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The bullied are fighting back. Against whom? “You know who,” Darío Gil, an IBM executive, told Fortune.

https://fortune.com/2023/12/05/ibm-meta-ai-alliance-open-source-closed-development-ai/


Worldwide carbon emissions from fossil fuels will hit a new hit record in 2023 despite push for net zero

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China remains the world’s emissions juggernaut, responsible for 31% of carbon emissions.

https://fortune.com/2023/12/04/carbon-emissions-fossil-fuels-record-2023/


'Screw the haters': George Santos has a new job selling personalized videos for $200 just days after being expelled from Congress

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The price for a personalized video from Santos started at $75 and by Monday evening went as high as $200. He is also selling text messages for $10.

https://fortune.com/2023/12/04/george-santos-expelled-house-member-personalized-videos/


Spotify cancels 2 high-profile podcasts, adding to a list of cutbacks that also includes its third round of job cuts this year

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'Heavyweight' and 'Stolen' are being dumped as the company retreats from in-house podcast productions.

https://fortune.com/2023/12/04/spotify-podcasts-cancelled-heavyweight-stolen/


Millennials are the most housing-obsessed generation, BofA survey shows—it's a sign the prosperity of the boomers has bypassed them

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Almost 60% of millennials think homeownership is more important now than during their parents' generation.

https://fortune.com/2023/12/04/millennials-homeownership-housing-obsessed-boomers-bank-of-america/


Disinformation scholar accuses Harvard of muzzling her work related to Facebook after Mark Zuckerberg donated $500 million to the university

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Harvard ultimately did release an archive of the Facebook Files, though the researcher said it was considerably less ambitious and open than she envisioned.

https://fortune.com/2023/12/04/harvard-whistleblower-lawsuit-disinfo-team-mark-zuckerberg-donation/


Hacker stole data of 6.9 million 23andMe customers and then put it up for sale online

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The compromised data included user ancestry data as well as, for some users, health-related information based on their genetic profiles.

https://fortune.com/2023/12/04/23andme-customer-health-data-hacking/


Bill Gates’ nuclear reactor company signs a clean energy deal with the UAE, as nuclear power takes center stage at COP28

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Gates’ nuclear reactor company signed a memorandum of understanding with the UAE’s state-backed nuclear power company.

https://fortune.com/2023/12/04/bill-gates-nuclear-reactor-company-uae-cop28-climate-change-sustainability/


The ‘Chinese Warren Buffett’ gives a moving eulogy for Charlie Munger, calling him the ‘enlightened’ embodiment of ‘modern-day Confucianism’

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“In our capitalist society, where do virtue, moral responsibility, truth-seeking and public service fit in? Charlie Munger answered these questions,” Li Lu wrote.

https://fortune.com/2023/12/04/chinese-warren-buffett-li-lu-eulogy-charlie-munger/


Depression is costing the global economy a 'profound' $1 trillion per year, warns U.S. Surgeon General

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5 ways workplaces can support employee mental health.

https://fortune.com/well/2023/12/04/depression-costs-global-economy-1-trillion-dollars-per-year-us-surgeon-general/


Older millennials are ‘feeling the hit’ in this housing market, BofA finds—and a lot of it has to do with student debt

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The housing market is uneven, according to the Bank of America Institute, and millennials 35 and older “face a bigger financial burden.”

https://fortune.com/2023/12/04/housing-market-bofa-older-millennials-feeling-the-hit-student-debt-financial-burden/


This cash back credit card from Bank of America pays up to 2% back

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Get 2% back—or more—plus premium travel benefits for a low annual fee.

https://fortune.com/recommends/credit-cards/bank-of-america-premium-rewards-card-review/


Despite hating the economy, the typical American became 30% wealthier during the pandemic

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The typical American household saw its net worth increase from $128,200 to $166,900 between 2019 and 2021.

https://fortune.com/2023/12/04/typical-american-household-net-worth-increased-during-pandemic-pew-research/


No, a fourth stimulus check isn’t coming in December, despite what you read online

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No, you’re not getting a holiday bonus from the government.

https://fortune.com/2023/12/04/will-there-be-fourth-stimulus-check-rumors-irs-debunk/


Harvard alums are making $1 donations in a symbolic protest of school leadership's 'moral failures' in handling anti-Israel protests

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Harvard is the richest university in the U.S. with a $51 billion endowment, the highest credit rating, and a fundraising operation that brings in $1 billion annually.

https://fortune.com/2023/12/04/harvard-university-alumni-pull-donations-israel-palestine-campus-protests/


What are Series I bonds (and why was everyone so crazy about them in 2022)?

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Series I savings bonds are low-risk, modest return securities backed by the full faith of Uncle Sam.

https://fortune.com/recommends/banking/what-are-series-i-bonds/


Why residential conversions can’t save commercial real estate

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Despite return-to-office mandates, occupancy still suffers from a high vacancy rate of 13.3%.

https://fortune.com/2023/12/04/why-residential-conversions-cant-save-commercial-real-estate-housing-return-to-office-chase-garbarino/


Safe investments with high returns: 9 strategies to boost your portfolio

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Bonds and cash are offering high yields thanks to the Fed’s rate hikes. Here’s what you should consider before investing.

https://fortune.com/recommends/investing/safe-investments/


Conservative-backed couple's claim for a $14,729 refund could help Supreme Court kill a wealth tax on billionaires—and throw the entire tax regime into 'chaos'

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The court’s decision to take up the case puts the justices in the middle of the partisan battle over the nation’s tax and budget policies.

https://fortune.com/2023/12/04/conservative-couple-claim-14729-refund-supreme-court-kill-wealth-tax-billionaires-regime-chaos-alito/


Some of the Big 4 consulting giants already think AI could trim years off the path to partner

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At KPMG, for instance, freshly-minted graduates are now doing tax work that was previously reserved for staff with at least three years of experience.

https://fortune.com/2023/12/04/big-4-consulting-giants-pwc-kpmg-ai-trim-years-path-partner/


Spotify to slash headcount after CEO blasts staff for doing 'work around the work'

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The founder is billing the company's biggest ever headcount reduction as a strategic return to the resourcefulness that marked its early days as a startup.

https://fortune.com/europe/2023/12/04/daniel-ek-to-slash-bloated-spotify-headcount-by-17-after-blasting-staff-for-doing-work-around-the-work/


Luxury property billionaire might have seen his fortune become completely worthless overnight after his firm filed for insolvency

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Billionaire real estate mogul Benko has reportedly been trying to sell his yacht amid the collapse of his property empire.

https://fortune.com/2023/12/04/luxury-property-billionaire-rene-benko-signa-insolvency/


Biden budget director warns of 'kneecap' to Ukraine's economy, war effort as American funds run dry

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OMB Director Shalanda Young's letter warns Congress: “If Ukraine’s economy collapses, they will not be able to keep fighting, full stop.”

https://fortune.com/europe/2023/12/04/russia-ukraine-funding-congress-economy-collapse-war-effort/


Panama Canal has gotten so dry and backed up after brutal drought that shippers are paying up to $4m to jump the queue

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They can wait in line for days or weeks, as low water levels limit the number of ships passing through the 50-mile waterway, carrying cars, consumer goods, fruit and fuel.

https://fortune.com/2023/12/04/panama-canal-dry-backed-up-brutal-drought-shippers-paying-4m-jump-queue/


BMW is still recalling air bags with the defect that killed dozens and injured hundreds more and sent Japanese supplier Takata into bankruptcy

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U.S. auto safety regulators say in documents that the recall covers 486 X3, X4 and X5 SUVs from the 2014 model year that are equipped with air bags made by Takata of Japan.

https://fortune.com/2023/12/04/bmw-recalling-air-bags-defect-killed-dozens-injured-hundreds-japanese-supplier-takata-bankruptcy/


Former gang leader who stabbed Derek Chauvin in prison 22 times charged with attempted murder, prosecutors say

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The Bureau of Prisons said employees performed “life-saving measures" on Chauvin after John Turscak stabbed him repeatedly in the prison law library.

https://fortune.com/2023/12/04/derek-chauvin-stabbing-22-times-prison-attempted-murder-charge-inmate/


'No men’s team faces anything remotely similar': Oregon athletes sue over Title IX violations, claiming they practice in a filthy public park

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Many of Oregon's men's teams, including the football team, have state-of-the-art facilities, take chartered flights to games, eat catered food and have other amenities.

https://fortune.com/2023/12/04/university-oregon-lawsuit-title-ix-female-athletes-rowing-beach-volleyball/


76% of economists predict U.S. will avoid recession in 2024 as inflation keeps cooling

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Such predictions imply the belief that the Federal Reserve can pull off the delicate balancing act of slowing the economy just enough through high interest rates to get inflation under control.

https://fortune.com/2023/12/04/business-economists-predict-us-avoid-recession-2024-inflation-keeps-cooling/


OxyContin-maker Purdue Pharma heads to Supreme Court in case over whether $6bn payoff can shield Sackler owners from future lawsuits

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The issue for the justices is whether the legal shield that bankruptcy provides can be extended to people such as the Sacklers, who have not declared bankruptcy themselves.

https://fortune.com/2023/12/04/oxycontin-maker-purdue-pharma-supreme-court-case-6bn-payoff-shield-sackler-owners-future-lawsuits/


New York City is borrowing from the great cities of Europe with America's first congestion pricing plan, charging $15 to most drivers

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Revenue from the tolls, projected to be roughly $1 billion annually, would be used to finance borrowing to upgrade the city’s mass transit systems.

https://fortune.com/2023/12/04/new-york-city-congestion-pricing-plan-how-much-traffic-15-dollars/


Roche pushes to catch up to Novo Nordisk’s Wegovy with $3.1bn deal for obesity drugmaker Carmot

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Though Carmot’s drugs are still in early stages of development, the deal could lead to a competitor to the likes of Wegovy and Eli Lilly & Co.’s Zepbound.

https://fortune.com/europe/2023/12/04/roche-novo-nordisk-wegovy-31-billion-deal-obesity-drugmaker-carmot/


Biden administration likely to scrutinize Alaska Air’s $1.9bn deal to buy Hawaiian Airlines over fears of higher fares

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The Biden administration is already trying to block JetBlue’s proposed $3.8 billion acquisition of Sprit Airlines, which would subsume the nation’s biggest budget carrier.

https://fortune.com/2023/12/04/biden-administration-regulators-scrutinize-alaska-air-19-billion-deal-buy-hawaiian-airlines-fears-higher-fares/


Online therapy providers see booming business from public schools lacking counselors: 'This is how we can prevent people from falling through the cracks'

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Amid a youth mental health crisis, venture capitalists have taken note and are funding a new crop of school teletherapy companies.

https://fortune.com/2023/12/03/online-therapy-providers-schools-mental-health-booming-business/


How Elon Musk, Sam Altman, and Peter Thiel tick differently, according to political scientist Samo Burja: ‘I don’t think Elon’s even listening’

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Burja noted key differences among the three prominent billionaires, including how they respond to the common wisdom.

https://fortune.com/2023/12/03/elon-musk-sam-altman-peter-thiel-mindsets-samo-burja/


Alaska Air agrees to buy struggling Hawaiian Airlines in a $1.9 billion deal

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The deal could provide a valuable lifeline to Hawaiian, whose stock has tumbled more than 52% this year.

https://fortune.com/2023/12/03/alaska-air-agrees-to-buy-hawaiian-airlines-travel/


Beyoncé tops box office with $21 million debut for concert film ‘Renaissance’

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Beyoncé wrote, directed and produced “Renaissance,” which is focused on the tour for her Grammy-winning album.

https://fortune.com/2023/12/03/beyonce-tops-box-office-concert-film-renaissance/


CoreWeave backed by Fidelity and Jane Street at $7 billion valuation as cloud provider bolsters status as one of AI's hottest startups

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The minority stake sale will bolster the Nvidia-backed cloud provider's status as one AI's hottest startups.

https://fortune.com/2023/12/03/coreweave-fidelity-investment-cloud-provider-ai-startup/


Sam Altman sheds light on feud with Elon Musk: 'The closer people are to being pointed in the same direction, the more contentious the disagreements are'

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Since planning OpenAI together, Musk and Altman have grown increasingly at odds and prone to swiping at each other.

https://fortune.com/2023/12/03/sam-altman-elon-musk-openai-ai-tech-feud/


Tesla, Boeing sign on to new Al Gore-backed database showing supplier emissions to build low-emissions supply chains: 'A truthful stocktake'

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The AI-enhanced database, dubbed Climate TRACE, tracks global greenhouse gas emissions down to the individual polluter.

https://fortune.com/2023/12/03/climate-trace-tesla-boeing-environment-supply-chains-al-gore-greenhouse-gas-emissions/


Kiss to live on with digital avatars, with help from George Lucas’ Industrial Light & Magic: ‘We can be forever young and forever iconic’

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“What we’ve accomplished has been amazing, but it’s not enough. The band deserves to live on,” said Kiss frontman Paul Stanley.

https://fortune.com/2023/12/03/kiss-band-to-live-on-with-digital-avatars-rock-music-entertainment/


Surprise: Supposedly irresponsible millennials and Gen Xers are better prepared for retirement than baby boomers, report says

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Younger generations are financially better prepared for retirement, contrary to what many people think.

https://fortune.com/2023/12/03/boomers-retirement-millennials-gen-x-home-ownership-income-financial-assets-401k/


Why a 26-year-old content creator with a six-figure business only spent $75 on her wedding dress

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“My husband and I really just cared about making it a special day that was personal to us,” Salary Transparent Street's Hannah Williams said.

https://fortune.com/2023/12/03/salary-transparent-street-wedding-hannah-williams/


These nine successful CEOs all played sports growing up

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As it turns out, the very same skills which are valued on the pitch are also highly desirable on the c-suite.

https://fortune.com/2023/12/03/sports-ceos-lessons-pitch-to-boardroom/


‘We cannot let China get these chips’: Commerce Secretary Raimondo says more funding needed for AI export controls

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"Protecting our national security matters more than short-term revenue," she told chipmakers, with a call-out to Nvidia.

https://fortune.com/2023/12/02/ai-chip-export-controls-china-nvidia-raimondo/


AI-generated nude images of teen girls spur families to push for protections: ‘We’re fighting for our children’

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The deepfakes problem is getting worse as the technology to produce it becomes more available and easier to use.

https://fortune.com/2023/12/02/ai-generated-nude-images-teen-girls-deepfakes-tech-safety-children-parents/


Amazon will now pay Elon Musk’s SpaceX to get its Project Kuiper satellites into space—and compete against his Starlink service

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Amazon said Friday it's signed a contract with SpaceX for three launches of Project Kuiper satellites.

https://fortune.com/2023/12/02/amazon-spacex-project-kuiper-satellites-starlink-musk-bezos-space-business-rivalry/


Charlie Munger warned a mega-mansion can make you 'less happy.' He lived in the same modest house for seven decades

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The billionaire investor watched rich friends build “really fancy houses," but "in practically every case, they make the person less happy, not happier."

https://fortune.com/2023/12/02/charlie-munger-homes-housing-market-luxury-real-estate-warren-buffett/


One company founder sold her house and plunked down $32K to join a three-year cruise where she would work remotely. Then it was canceled

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"It was really disappointing," said Keri Witman, a would-be passenger of Life at Sea Cruises.

https://fortune.com/2023/12/02/remote-work-cruise-ship-business-travel/


Broadcom CEO tells VMWare workers to 'get butt back to office' after completing a $69 billion merger of the two companies

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Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.

https://fortune.com/2023/12/02/broadcom-ceo-orders-employees-get-butt-back-office-vmware-remote-work/


Franklin Templeton’s Jenny Johnson on Bitcoin ETFs, investing in crypto, and how her firm is harnessing the blockchain

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Franklin Templeton is among the financial giants to have filed an application for a Bitcoin ETF.

https://fortune.com/crypto/2023/12/02/franklin-templeton-jenny-johnson-bitcoin-etfs-crypto-investing-blockchain-technology/


Nobel Prize-winning economist weighs in on how ChatGPT-like tools are transforming the future of work—1 year since its launch

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Chris Pissarides cautions that it will require other factors including greater tech investment and supportive policies before society reaps AI's benefits in earnest.

https://fortune.com/europe/2023/12/02/nobel-prize-economist-christopher-pissarides-chatgpt-workplace-automation-one-year-launch/