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Month: December 2023

Apple Explores A.I. Deals With News Publishers

Apple Explores A.I. Deals With News Publishers

Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, according to four people familiar with the discussions.The technology giant has floated multiyear deals worth at least $50 million to license the archives of news articles, said the people with knowledge of talks, who spoke on the condition of anonymity to discuss sensitive negotiations. The news organizations contacted by Apple include Condé Nast, publisher of Vogue and The New Yorker; NBC News; and IAC, which owns People, The Daily Beast and Better…
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Red Sea Shipping Halt Is Latest Risk to Global Economy

Red Sea Shipping Halt Is Latest Risk to Global Economy

The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas war in Gaza — is injecting a new dose of instability into a world economy already struggling with mounting geopolitical tensions.The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the Covid-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.As if that weren’t enough, more volatility lies ahead…
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Israel-Hamas War Live: Latest News and Gaza Updates

Israel-Hamas War Live: Latest News and Gaza Updates

United Nations and other aid workers warned on Saturday that a new U.N. Security Council resolution calling for stepped-up aid for Gaza’s embattled civilians would fail to stop the spiraling humanitarian crisis because it did not demand a full halt to the fighting.The resolution called on the U.N. Secretary General to appoint a special coordinator for aid to Gaza and establish a mechanism to speed up aid delivery in consultation with all relevant parties.But without a cease-fire to accompany the stepped-up assistance, aid officials said they cannot address the insufficient food and fuel entering the territory, the collapse of Gaza’s…
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Bristol Myers to Acquire the Drugmaker Karuna for  Billion

Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion

Bristol Myers Squibb, the global pharmaceutical giant, said on Friday that it would acquire Karuna Therapeutics, which makes drugs to treat schizophrenia and Alzheimer’s, in an all-cash deal valued at $14 billion as it looks to strengthen its pipeline of neuroscience drugs.Bristol Myers said in a statement that it would pay $330 per share in cash, a premium of roughly 53 percent to Karuna’s share price on Thursday.An increasing prevalence of schizophrenia, driven in part by an aging population, has led to a push to make more drugs to treat it. The market for such therapies is estimated to grow…
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No Hit League? The ‘lost art’ of body checking in the NHL

No Hit League? The ‘lost art’ of body checking in the NHL

Seventeen years and more than 1,200 games ago, Andrew Cogliano remembers how difficult it was to traverse the state of California.The Los Angeles Kings, Anaheim Ducks and San Jose Sharks were three of the biggest, heaviest teams in the league. If you had to play all three in succession? Well, good luck. Not only were those teams willing to play a punishing brand of hockey, but they were all highly skilled and generally successful, too.After a few years in Edmonton where he broke into the league, Cogliano was dealt to the Ducks as a free agent in the summer of…
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Substack Says It Will Not Ban Nazis or Extremist Speech

Substack Says It Will Not Ban Nazis or Extremist Speech

Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform.“I just want to make it clear that we don’t like Nazis either — we wish no one held those views,” Hamish McKenzie, a co-founder of Substack, said in a statement. “But some people do hold those and other extreme views. Given that, we don’t think that censorship (including through demonetizing publications) makes the problem go away — in fact, it makes it worse.”The response came…
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Price Increases Cooled in November as Inflation Falls Toward Fed Target

Price Increases Cooled in November as Inflation Falls Toward Fed Target

A closely watched measure of inflation cooled notably in November, good news for the Federal Reserve as officials move toward the next phase in their fight against rapid price increases and a positive for the White House as voters see relief from rising costs.The Personal Consumption Expenditures inflation measure, which the Fed cites when it says it aims for 2 percent inflation on average over time, climbed 2.6 percent in the year through November. That was down from 2.9 percent the previous month, and was less than what economists had forecast. Compared with the previous month, prices overall even fell…
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