CNN is bringing in an ex-chief executive of the BBC and The New York Times in an attempt to turn around a news business that has burned through two executives and lost viewers in the last two years. David Zaslav, CEO of CNN's parent company, Warner Bros. Discovery, announced the appointment of Mark Thompson as chair and CEO on Wednesday. Thompson succeeds Chris Licht, who was ousted in June, and a four-person interim management team.from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/iLraWjH
As the battery materials company, established by former Tesla CEO JB Straubel, aims to increase its operations in the United States, Redwood Materials announced on Tuesday that it has raised more than $1 billion in new capital. The company secured a conditional commitment in February from the US Energy Department for a $2 billion loan to construct a $3.5 billion recycling and remanufacturing plant for electric vehicle battery materials in Nevada.
As a result of their governments' failure to address climate pollution, young people are increasingly suing them in court, and sporadically winning. Their efforts were supported this week by the Committee on the Rights of the Child, a free-standing expert panel that interprets international human rights law. The committee stated that all nations have a legal commitment to safeguard children from environmental deterioration, including by "regulating business enterprises," and to allow their minor people to seek legal action, in a lengthy 20-page study released on Monday.
President Joe Biden is heading to Vietnam next month to meet with General Secretary Nguyen Phu Trong and other Vietnamese leaders, the White House announced on Monday. The president will travel to Hanoi on Sept. 10, tacking on the one-day visit to the Vietnamese capital after attending the annual Group of 20 leaders' summit in India.
The Pentagon plans to field thousands of drones within the next two years to help counter China's numerical edge in personnel and military hardware, a senior US defense official said Monday. "We'll counter the PLA's mass with mass of our own, but ours will be harder to plan for, harder to hit, harder to beat," she said, referring to the Chinese military.
According to data provided on Friday by Goldman Sachs, hedge funds have a record amount of exposure to the seven largest technology companies by market valuation. This is because managers have started investing again in the industry this month. Currently, the top seven U.S. stocks account for around 20% of the hedge funds Goldman Sachs tracks' entire net market value. They have also played a significant role in the expansion of the U.S. equity market this year.