Solar Panels Aim to Protect Mexican Family Farming

Solar Panels Aim to Protect Mexican Family Farming

SAN MIGEL TOPILEJO, Mexico, Sep 26 (IPS) - Verónica Molina, an indigenous Comcaac woman, first came into contact with solar energy in 2016, when she travelled to India for training on communal photovoltaic facilities. This later enabled her to take part in the installation of the first solar systems and family vegetable gardens in her community, Desemboque del Seri, in northern Mexico.

Read the full story, “Solar Panels Aim to Protect Mexican Family Farming”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37793 [Collection]

‘We Need Competitive Elections so Only Truly Committed States Are Elected to the UN Human Rights Council’

‘We Need Competitive Elections so Only Truly Committed States Are Elected to the UN Human Rights Council’

Sep 26 (IPS) -
 
CIVICUS discusses the upcoming election of new members of the United Nations (UN) Human Rights Council with Madeleine Sinclair, New York Office Director and Legal Counsel at the International Service for Human Rights (ISHR).

Read the full story, “‘We Need Competitive Elections so Only Truly Committed States Are Elected to the UN Human Rights Council’”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37786 [Collection]

Rising Temperatures Devastate Agricultural Eden of India's Kashmir Region

Rising Temperatures Devastate Agricultural Eden of India's Kashmir Region

SRINAGAR, India, Sep 26 (IPS) - Nearly 60 percent of Kashmir's agriculture relies on rainwater for irrigation, but this year the rainfall has been poor and the heat tremendous. With the hottest and driest seasons on record, how are farmers to survive?Abdul Hameed Sheikh sowed his crop, working tirelessly for days in his paddy field.

Read the full story, “Rising Temperatures Devastate Agricultural Eden of India's Kashmir Region”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37782 [Collection]

World Governments, NGOs Announce $350m Investments in Sexual and Reproductive Health Services

World Governments, NGOs Announce $350m Investments in Sexual and Reproductive Health Services

UNITED NATIONS, Sep 26 (IPS) - On the heels of the Summit of the Future and the sidelines of the United Nations High-Level Meeting Week, governments and philanthropies pledged to commit at least USD 350 million to boost family planning, sexual and reproductive health and supplies on the national and global level. As enshrined in the newly-adopted Pact for the Future, seeking new international finance models is critical to solving the issues that the world faces today. The decision to pledge forward is a demonstration of commitment to ongoing health issues.

Read the full story, “World Governments, NGOs Announce $350m Investments in Sexual and Reproductive Health Services”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37781 [Collection]

Dying for a Cause: Environmental Defenders in the Firing Line

Dying for a Cause: Environmental Defenders in the Firing Line

BULAWAYO, Zimbabwe, Sep 26 (IPS) - In 2017, South African activist Nonhle Mbuthuma took a stand against the powerful oil giant Shell, halting their plans to explore the pristine Wild Coast.

Read the full story, “Dying for a Cause: Environmental Defenders in the Firing Line”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37780 [Collection]

Flooding and Armed Conflict Aggravates Sudan’s Cholera Epidemic

Flooding and Armed Conflict Aggravates Sudan’s Cholera Epidemic

UNITED NATIONS, Sep 26 (IPS) - Sudan has been plunged into a deadly cholera outbreak in the midst of the Sudanese Civil War. Sudan is currently home to an approximate 15 million people, many of which have had to bear the brunt of hostilities between warring parties, widespread food insecurity, mass displacement, and extreme weather anomalies. Flooding, in particular, has been very damaging, leading to the collapse of critical infrastructures that ensure sanitation. This has caused the cholera outbreak to become a national concern.

Read the full story, “Flooding and Armed Conflict Aggravates Sudan’s Cholera Epidemic”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37776 [Collection]

Cultivating a Culture of Peace

Cultivating a Culture of Peace

UNITED NATIONS, Sep 26 (IPS) - As global peace hits its lowest point since the Second World War, the International Day of Peace on September 21 offered a critical moment to reflect on and strengthen our peacebuilding efforts.

Read the full story, “Cultivating a Culture of Peace”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37775 [Collection]

Cultivating a Culture of Peace

Cultivating a Culture of Peace

UNITED NATIONS, Sep 26 (IPS) - As global peace hits its lowest point since the Second World War, the International Day of Peace on September 21 offered a critical moment to reflect on and strengthen our peacebuilding efforts.

Read the full story, “Cultivating a Culture of Peace”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37775 [Collection]

Cultivating a Culture of Peace

Cultivating a Culture of Peace

UNITED NATIONS, Sep 26 (IPS) - As global peace hits its lowest point since the Second World War, the International Day of Peace on September 21 offered a critical moment to reflect on and strengthen our peacebuilding efforts.

Read the full story, “Cultivating a Culture of Peace”, on globalissues.org

https://www.globalissues.org/news/2024/09/26/37775 [Collection]

Southwest Airlines to cut service and staffing in Atlanta to slash costsThe changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue.[Collection]

The changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue.https://www.cnbc.com/2024/09/25/southwest-airlines-cut-service-staffing-atlanta.html

Investor Paul Viera doubles his San Antonio Spurs stake in a steep discount dealThe deal for a piece of the Spurs comes as NBA valuations rise on the back of an 11-year, $76 billion media rights deal.[Collection]

The deal for a piece of the Spurs comes as NBA valuations rise on the back of an 11-year, $76 billion media rights deal.https://www.cnbc.com/2024/09/25/investor-paul-viera-doubles-san-antonio-spurs-stake.html

SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limitsThey will pay a combined $9.3 million after the Securities and Exchange Commission charged them for exceeding clients' investment limits over a two-year period.[Collection]

They will pay a combined $9.3 million after the Securities and Exchange Commission charged them for exceeding clients' investment limits over a two-year period.https://www.cnbc.com/2024/09/25/sec-charges-merrill-lynch-harvest.html

Southwest Airlines to cut service and staffing in Atlanta to slash costsThe changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue.[Collection]

The changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue.https://www.cnbc.com/2024/09/25/southwest-airlines-cut-service-staffing-atlanta.html

Novo Nordisk's diabetes drug Ozempic may lower the risk of opioid overdoses, study saysThe results suggest Ozempic could potentially become a new alternative treatment for opioid use disorder, which could help address the ongoing opioid epidemic.[Collection]

The results suggest Ozempic could potentially become a new alternative treatment for opioid use disorder, which could help address the ongoing opioid epidemic.https://www.cnbc.com/2024/09/25/novo-nordisks-ozempic-may-lower-risk-of-opioid-overdoses-study.html

New Starbucks CEO Brian Niccol commits to working with union as talks move forwardWorkers United represents more than 490 of Starbucks' U.S. cafes and more than 10,000 of its employees.[Collection]

Workers United represents more than 490 of Starbucks' U.S. cafes and more than 10,000 of its employees.https://www.cnbc.com/2024/09/25/new-starbucks-ceo-brian-niccol-commits-to-working-with-union.html

Tripling Renewables Powered by State-Owned Power Companies and Utilities

Tripling Renewables Powered by State-Owned Power Companies and Utilities

WASHINGTON DC, Sep 25 (IPS) - The climate community, meeting this week once again on the margins of the UN General Assembly, is continuing to explore ways to triple the world's installed renewable generation capacity by 2030, a target agreed at last year's COP 28 international climate negotiations. Much of this discussion has been about mobilizing finance and otherwise getting the private sector, with its massive resources and competence, to step up to the challenge … and what government policies and incentives are needed to spur more investment.

Read the full story, “Tripling Renewables Powered by State-Owned Power Companies and Utilities”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37766 [Collection]

The Crucial Connection Between Climate Change and Mental Health

The Crucial Connection Between Climate Change and Mental Health

SAINT LUCIA, Sep 25 (IPS) - Climate change is driving a mental health crisis and accelerating eco-anxiety. Dr. Emma Lawrance is leading Climate Cares, Imperial College London, a centre dedicated to research on climate change in mental health. The researcher spoke to IPS about the need to address this growing concern."Young people today are growing up with enormous uncertainty about their future. Climate change is a major driver of that uncertainty, but we weren't talking enough about how the climate crisis impacts mental health," researcher Dr. Emma Lawrance told IPS from her family home in Australia.

Read the full story, “The Crucial Connection Between Climate Change and Mental Health”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37765 [Collection]

Southwest Airlines to cut service and staffing in Atlanta to slash costsThe changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue.[Collection]

The changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue.https://www.cnbc.com/2024/09/25/southwest-airlines-cut-service-staffing-atlanta.html

How birria took over restaurant menus across the countryBirria has become a popular protein option for tacos, quesadillas, grilled cheese and even ramen.[Collection]

Birria has become a popular protein option for tacos, quesadillas, grilled cheese and even ramen.https://www.cnbc.com/2024/09/25/birria-restaurant-menus-across-the-country.html

The UN Needs a Summit for the Present

The UN Needs a Summit for the Present

NEW YORK, Sep 25 (IPS) - The Summit of the Future has now ended, but the real and present world is still on fire.

As the General Assembly, an annual ritual where dozens of heads of state descend on New York, kicks off, key questions about the role and future of the United Nations, a body that was created to maintain international peace and security almost 80 years ago, remain unanswered.

Read the full story, “The UN Needs a Summit for the Present”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37762 [Collection]

UN Charter: the Final Hurdle for Reform of the Security Council

UN Charter: the Final Hurdle for Reform of the Security Council

UNITED NATIONS, Sep 25 (IPS) - When the founding fathers –regrettably, no mothers—created the United Nations 79 years ago, one of the biggest anomalies was bestowing the power of the veto to the five permanent members (P5) of the UN Security Council (UNSC): the US, UK, France, Russia and the Republic of China (later the People's Republic of China).

Read the full story, “UN Charter: the Final Hurdle for Reform of the Security Council”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37760 [Collection]

UN Charter: the Final Hurdle for Reform of the Security Council

UN Charter: the Final Hurdle for Reform of the Security Council

UNITED NATIONS, Sep 25 (IPS) - When the founding fathers –regrettably, no mothers—created the United Nations 79 years ago, one of the biggest anomalies was bestowing the power of the veto to the five permanent members (P5) of the UN Security Council (UNSC): the US, UK, France, Russia and the Republic of China (later the People's Republic of China).

Read the full story, “UN Charter: the Final Hurdle for Reform of the Security Council”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37760 [Collection]

UN Charter: the Final Hurdle for Reform of the Security Council

UN Charter: the Final Hurdle for Reform of the Security Council

UNITED NATIONS, Sep 25 (IPS) - When the founding fathers –regrettably, no mothers—created the United Nations 79 years ago, one of the biggest anomalies was bestowing the power of the veto to the five permanent members (P5) of the UN Security Council (UNSC): the US, UK, France, Russia and the Republic of China (later the People's Republic of China).

Read the full story, “UN Charter: the Final Hurdle for Reform of the Security Council”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37760 [Collection]

UN Charter: the Final Hurdle for Reform of the Security Council

UN Charter: the Final Hurdle for Reform of the Security Council

UNITED NATIONS, Sep 25 (IPS) - When the founding fathers –regrettably, no mothers—created the United Nations 79 years ago, one of the biggest anomalies was bestowing the power of the veto to the five permanent members (P5) of the UN Security Council (UNSC): the US, UK, France, Russia and the Republic of China (later the People's Republic of China).

Read the full story, “UN Charter: the Final Hurdle for Reform of the Security Council”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37760 [Collection]

UN Charter: the Final Hurdle for Reform of the Security Council

UN Charter: the Final Hurdle for Reform of the Security Council

UNITED NATIONS, Sep 25 (IPS) - When the founding fathers –regrettably, no mothers—created the United Nations 79 years ago, one of the biggest anomalies was bestowing the power of the veto to the five permanent members (P5) of the UN Security Council (UNSC): the US, UK, France, Russia and the Republic of China (later the People's Republic of China).

Read the full story, “UN Charter: the Final Hurdle for Reform of the Security Council”, on globalissues.org

https://www.globalissues.org/news/2024/09/25/37760 [Collection]

Jewish employee sues Delta Air Lines over ham sandwich incidentA Jewish Delta employee, Sasi Sheva, accused his employer of antisemitism in a lawsuit last month, claiming his request to take Yom Kippur off was denied and that he was served ham.

A Jewish Delta Air Lines employee is suing his employer for allegedly discriminating against his religious identity, according to a lawsuit.

The lawsuit, filed in August and obtained by Fox News Digital Tuesday, accuses Delta of "engag[ing] in a pattern of intentionally discriminating and retaliating against ethnically Jewish, Hebrew and/or Israeli employees based upon their race and ancestry."

California resident Sasi Sheva is the plaintiff in the case. According to the court filings, Sheva is Israeli and has been employed by Delta for two years.

The lawsuit describes an incident in which Sheva was rushing to a runway due to a last-minute schedule change. According to the document, Delta ignored Sheva's requests for a "safety break" to "obtain a meal which accommodated his vegetarian restrictions due to the unforeseen time changes voiding his break."

STUDY RANKS US STATES WITH MOST FINANCIALLY-DISTRESSED RESIDENTS – SEE THE LIST

"Plaintiff was refused," the suit claims.

Because Sheva was hungry and didn't have a chance to eat, he asked his Delta managers if they could stop in the concourse so he could buy a vegetarian snack. Instead, he was given pork, which Judaism prohibits.

THESE US AIRPORTS RANK HIGHEST FOR CUSTOMER SATISFACTION

"Despite Plaintiff’s employee profile clearly stating he is Hebrew-speaking, Jewish and vegetarian, he was provided with a ham sandwich," the suit states. "Although Defendant does conduct training on cultural sensitivity for different types of passengers for a myriad of customer profiles, such training does not include the cultural and religious needs of Jews."

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The plaintiff then complained to his manager, but the lawsuit says "no action was taken to ensure that such an event did not happen again." Later, Sheva asked for Yom Kippur off, and he was given a hard time, the suit alleges.

"Delta’s Accommodation Manager informed Plaintiff that to begin an accommodation review, he would have to provide a written statement in his own words, identifying the religious belief and practice requiring accommodation and documentation to support his request such as a statement from his religious leader on the letterhead of a religious organization, verifying his status as a practicing member of the religious organization and explaining the religious belief and practice requiring accommodation," the lawsuit claims.

For more Lifestyle articles, visit foxbusiness.com/lifestyle.

"Plaintiff was never before required to engage in such intrusive examination of his private beliefs and practices, nor to his knowledge, was any other Delta employee."

After Sheva provided the necessary documentation and had scheduled a time for the accommodation review, he was reportedly told that there was "nothing [Delta] could do because any accommodation would negate Delta’s seniority system and that the only option was to deal with it on his own.

"Delta’s response was not only non-accommodating but, after imposing unnecessary and unauthorized hardships on Plaintiff’s accommodation application process, Delta’s response was devoid of any attempt to find a mutually acceptable solution," the suit argued.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

A Delta spokesperson declined to comment on the lawsuit when reached by FOX Business but said, "Delta has zero tolerance for discrimination of any kind as part of our deeply-held values as a global airline connecting the world."

https://www.foxbusiness.com/lifestyle/delta-airlines-sued-jewish-employee-over-ham-sandwich-incident

CC Sabathia's passion for golf continues to impact youth through PitCCH In Foundation's annual tournamentCC Sabathia's 4th Annual Golf Tournament, along with title sponsor Kaulig Companies, took place at Alpine Country Club in New Jersey to once again benefit his PitCCH In Foundation.

CC Sabathia is expected to be in the MLB Hall of Fame as early as next year when he hits the ballot for the first time, but he is passionate about another sport these days. 

One that he continues to use to give back to the youth in communities that have embraced him throughout his life. 

Sabathia's 4th Annual Golf Tournament, powered by title sponsor Kaulig Companies, took place at Alpine Country Club in New Jersey on Monday afternoon, where a star-studded group that included current and former New York Yankees, New York Giants and many more showed up for the yearly outing to benefit the former star pitcher's PitCCH In Foundation. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

The PitCCh In Foundation was established in 2008, and since its inception, Sabathia and his wife, Amber, have been impacting youth in Cleveland, New York and California communities that embraced them and their family over the years.

The foundation has three signature programs they provide youth: an All-Star Baseball Clinic, Youth Backpack Program and Field Renovations — all of which help those kids be successful on the field and in the classroom. 

YANKEES GREAT CC SABATHIA GIVES HIS THOUGHTS ON JUAN SOTO RETURNING IN FREE AGENCY: ‘MUST-HAVE ON BOTH SIDES’

But Sabathia’s passion for golf, one that developed only a few years ago, has led to a charity tournament aimed at providing a fun time for not just his friends and those wanting to give back, but kids in the PitCCH In Foundation as well. 

Sabathia spoke to FOX Business at Alpine Country Club before teeing off, where he discussed the importance of this annual tournament. 

"I just think, for me, it’s important to have sustainability in a community with everything I do with PitCCh In and just the follow-up," he explained. "I don’t think anything we do at PitCCh In is just a one-off if you watch and follow what we do. So, for me, it’s important to be in these kids’ lives as much as possible, so that means us with Kaulig Giving and our relationship and making sure that we’re doing everything possible to impact kids’ lives here in New York and in Cleveland and back home in California.

"Growing up, Boys & Girls Club saved my life. So, I want to be that vehicle in someone else’s life, even if it’s one kid. So, I think that’s the reason why nothing we do is a one-off." 

Kaulig, owner of NASCAR's Kaulig Racing and founder and board member at Leaf Home, has worked with Sabathia for years now, especially with their impact in northeast Ohio. He expressed how fulfilling it has been being able to be not just the title sponsor of this event, but everything PitCCh In has done with his Kaulig Giving platform. 

"Working with PitCCh In, working with CC and Amber, it has been amazing," Kaulig said. "They had a camp a couple months ago in Cleveland that I went to and just saw all the kids learning baseball and being able to interact with CC. So, it was really cool."

Tim Clepper, president and CEO of Kaulig Companies, added: "Both Matt and CC are beacons for kids. When kids see them, you guys are in situations and kids look at them and say, ‘I want to be like them. I want that in my life.’"

Sabathia got out on the course Monday along with several New York sports legends, including ex-New York Giants Michael Strahan and Victor Cruz and current New York Yankees Nestor Cortes Jr. and Jazz Chisholm Jr.

A large contingent of PitCCh In kids also showcased their dance moves, interacted with golfers and got a taste of why Sabathia has fallen in love with the sport he says he's doing "pretty much every day." 

And with his own children, Sabathia's oldest son, Carston Sabathia Jr., has fallen in love with the game, too. 

"He just turned 21, and I was down in Houston, and that’s what he wanted to do — go play golf. It’s something we can compete at and something I get four hours with him. I don’t really get a chance to get four hours with a 21-year-old and get to connect with him and get to know what’s going on in his life," Sabathia said. 

Baseball is what made Sabathia the celebrity and legend he is today in his respective communities, and it will continue to be something he uses to impact the next generation.

But golf is also a platform to give his PitCCh In family another avenue to make connections and grow.

Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

https://www.foxbusiness.com/sports/cc-sabathias-passion-golf-continues-impact-youth-through-pitcch-foundations-annual-tournament

Vista, Blackstone buying software maker Smartsheet for about $8.4 billionBlackstone and Vista Equity Partners are acquiring software maker Smartsheet for $8.4 billion in cash, or $56.50 per share; the deal is expected to close in Smartsheet's fiscal fourth quarter.

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash.

Vista and Blackstone said Tuesday that they will pay $56.50 per Smartsheet Inc. share. The agreement includes a 45-day "go-shop" period during which Smartsheet and its advisers seek alternative acquisition proposals from certain third parties and possibly enter into talks with other parties that make alternative offers. Smartsheet's board will have the right to end the deal with Vista and Blackstone to accept a superior proposal. The go-shop period expires on Nov. 8.

MOTEL 6 SOLD TO INDIA-BASED OYO HOTELS FOR $525 MILLION: 'NEW CHAPTER'

"We look forward to partnering closely with Blackstone and Smartsheet to support its ambitious goal of making its platform accessible for every organization, team and worker relying on collaborative work to achieve successful outcomes," Monti Saroya, co-head of Vista’s Flagship Fund and senior managing director, and John Stalder, managing director at Vista, said in a statement.

The announcement comes shortly after the Federal Reserve said that it cut its benchmark interest rate by an unusually large half-point. The central bank’s action lowered its key rate to roughly 4.8%, down from a two-decade high of 5.3%. A rate cut gives more favorable conditions for businesses looking at making acquisitions.

The deal, which was approved by Smartsheet's board, is expected to close in the company's fiscal fourth quarter. It still needs approval from Smartsheet's shareholders.

Once the transaction closes, Smartsheet will become privately held. The Bellevue, Washington company will continue to run under the Smartsheet name and brand.

Shares surged more than 6% in morning trading.

https://www.foxbusiness.com/markets/vista-blackstone-buying-software-maker-smartsheet-about-8-4-billion

LARRY KUDLOW: Trump's new American industrialism ties a bow around all of his pro-growth policiesFOX Business host Larry Kudlow says former President Trump gave an important speech on "his plan for a new American industrialism."

Donald Trump announces his new American industrialism, and that's the subject of "The Riff." On the very same day of the Wall Street Journal editorial that the Biden manufacturing boom never happened, and in fact U.S. industry output has been flat for two years, Mr. Trump gave an important speech in Savannah, Georgia on his plan for a new American industrialism.   

First up, the Journal points out that the ISM purchasing managers for manufacturing has been in almost continuous contraction since the autumn of 2022. Virtually all the manufacturing jobs under Biden-Harris were bounce-backs from the pandemic.  

Jobs and hours worked have declined since October 2022, while real average weekly wages for manufacturing workers are 2.7% lower than in January 2021. All this despite trillions of dollars of Biden-Harris subsidies and tax credits for the Green New Deal.  

TRUMP PROMISES TO HALT TAXES ON SOCIAL SECURITY; CITES ‘INFLATION NIGHTMARE’ FOR SENIORS   

However, overregulation, especially climate-related overregulation, along with ratcheting inflation, suppressed most hard goods industries.  The Biden EPA climate rules threw a wet blanket over paper, cement, glass, steel, iron and chemicals. Add to that burden the problem of soaring electricity prices!

So, along comes Mr. Trump today. Take a listen:  

DONALD TRUMP: "So, as your president, here is the deal that I will be offering to every major company and manufacturer on Earth. I will give you the lowest taxes, the lowest energy costs, the lowest regulatory burden and free access to the best and biggest market on the planet, but only if you make your product here in America." 

He calls that the new American industrialism. He wants to build ships, airplanes, robotics, A.I. and big electricity. Then he talked about the centerpiece of his plan. Roll the tape:  

DONALD TRUMP: "The centerpiece of my plan is for a manufacturing renaissance, which will be a 15% made in America tax rate. … But now we're cutting the business tax from 21% to 15%, which makes us the most competitive tax anywhere on the planet, but only for those who make their product in the USA. See, that's an incentive. … And we're going to continue with the regulatory cuts." 

GET FOX BUSINESS ON THE GO BY CLICKING HERE       

Already, a couple of Republican House members have drawn up legislation for a 15% corporate tax rate, which really would make the U.S. a world-class competitor and Mr. Trump explicitly endorsed a 100% expensing write-off for heavy machinery and other equipment in the first year,  

He wants full expensing for manufacturing investment, and finally, he pledges to cut 10 old regulations for every one new regulation. In his first years, he got it up to seven for one. Now he wants to go to 10 for one.

Trump's new American industrialism is an important thematic name that ties a bow around all of his pro-growth policies. Break a leg, Mr. President. You're coming down the home stretch. 

This article is adapted from Larry Kudlow’s opening commentary on the Sept. 24, 2024, edition of "Kudlow."       

https://www.foxbusiness.com/media/larry-kudlow-trumps-new-american-industrialism-ties-bow-around-all-his-pro-growth-policies

Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'Billionaire David Rubenstein warned that the surging costs of servicing the national debt now exceeding defense spending are a sign "the country is in trouble."

David Rubenstein, the billionaire co-founder of the Carlyle Group, warned that the cost of servicing the federal government's massive debt amid growing budget deficits is pushing the U.S. towards financial trouble.

During an appearance on FOX Business Network's "Cavuto: Coast to Coast" on Tuesday, host Neil Cavuto said that the more than $35 trillion national debt and swelling budget deficits aren't an issue at the front of voters' minds and whether it's "like a grenade that you're taking the cap off."

"It's not, until it is," Rubenstein said of the debt being a problem. "In other words, at some point, people in Congress will say we've got to deal with the debt. And when they finally recognize it's a big problem and a kind of calamity comes about, then people will feel more interested in it."

"Right now, people are more interested in other things, inflation or jobs, but not the debt. But the debt is something that historically, when you're paying more in interest on your debt than your defense budget, the country is in trouble," he added.

NATIONAL DEBT TRACKER: AMERICAN TAXPAYERS (YOU) ARE NOW ON THE HOOK FOR $35,324,636,379,347.22 AS OF 9/24/24

Earlier this year, the federal government's net interest payments on the national debt — essentially the cost of servicing the previously accumulated debt — surpassed federal spending on the Department of Defense as well as Medicare spending.

Through August, the federal government spent $870 billion on debt service in the first 11 months of fiscal year 2024, according to a preliminary estimate by the nonpartisan Congressional Budget Office (CBO). That's $227 billion more, or 35%, than a comparable period a year ago with the increase occurring because of higher interest rates.

ECONOMIST OFFERS BIPARTISAN PLAN TO AVOID FINANCIAL CRISIS BY STABILIZING AMERICA'S SURGING NATIONAL DEBT

For comparison, spending on Medicare totaled $847 billion while the Department of Defense's spending totaled $753 billion in the fiscal year through August. That leaves debt interest as the second-largest expenditure category in the federal budget, trailing only Social Security, which spent a little more than $1.3 trillion in that period.

Cavuto noted that the two leading presidential contenders — former President Trump and Vice President Harris — have each put forward plans calling for tax cuts or expanded tax credits, without offering significant plans to curb budget deficits.

US NATIONAL DEBT TO SURGE TO RECORD LEVELS WITHOUT REFORM, RAISING PROSPECT OF DEBT CRISIS

Rubenstein responded by noting that when Congress "gets around to actually dealing with this next year, you'll have to pay for some of these things."

"We're running about a $2 trillion annual deficit — $2 trillion out of about $6.5 trillion. It's hard to keep doing that and thinking that at some point, something isn't going to go wrong," he explained. "There's an old saying in economics, if something can't keep going on forever, it won't. And I think at some point we just can't keep doing that."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

https://www.foxbusiness.com/politics/billionaire-warns-interest-debt-topping-defense-spending-sign-the-country-trouble

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.[Collection]

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.https://www.cnbc.com/2024/09/24/doj-accuses-visa-of-debit-network-monopoly-that-impacts-price-of-nearly-everything.html

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.[Collection]

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.https://www.cnbc.com/2024/09/24/doj-accuses-visa-of-debit-network-monopoly-that-impacts-price-of-nearly-everything.html

These US states have the worst-behaved drivers: See where your state ranksForbes Advisor and Talker Research recently conducted a survey of which states have the worst-behaved drivers. Tennessee, Ohio and Pennsylvania were found to have well-behaved drivers.

Researchers recently determined which U.S. states have the worst-behaved drivers, and the results may surprise you.

Forbes Advisor published their findings last month, analyzing 19 "bad" driving behaviors to determine how common they were in certain states.

The behaviors included running a red light, eating while driving and texting behind the wheel. Other behaviors were changing lanes without signaling, cutting other drivers off and "honking/cursing/gesturing at another driver in anger."

The study also considered drivers who caused accidents, reported speeding in a school zone and drove under the influence of alcohol or drugs.

STUDY RANKS US STATES WITH MOST FINANCIALLY-DISTRESSED RESIDENTS – SEE THE LIST

The survey was conducted with the help of market research company Talker Research, and researchers collected data from June 24 to July 3. Five thousand Americans were surveyed for the study.

Each participant was at least 18 years old and had a driver's license, and the study's margin of error is ± 1.4 points with 95% confidence.

Here is the ranking from best-behaved to worst-behaved drivers:

THESE US AIRPORTS ARE THE WORST TO FLY OUT OF — SEE THE LIST

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The Aloha State was found to have the worst-behaved drivers, according to the study. A whopping 20% of Hawaiian respondents admitted to changing lanes or turning without signaling. 13% of those surveyed also admitted to speeding 20 miles per hour or more over the speed limit.

"To make matters worse, nearly half (47%) of drivers in Hawaii admitted speeding—less than 10 mph over the limit—in the past month," the survey found.

For more Lifestyle articles, visit foxbusiness.com/lifestyle.

With 8% of Hawaiian respondents admitting to running red lights, the state was tied with Texas and Oregon for that bad habit.

Coming in at second, Oregon's drivers rank worst for refusing to yield to others and speeding in a school zone. Those behaviors were found in 5% and 4% of respondents, respectively.

"It doesn’t help matters that the state’s largest city, Portland, sits at No. 10 on Forbes Advisor’s ranking of the worst U.S. cities to drive in," Forbes Advisor reported. "Dragging down Portland’s standing: virtual buckets of precipitation and sluggish rush-hour traffic."

"Another black mark for Oregon motorists: 45% of drivers say they’ve speeded (less than 10 mph over the speed limit) in the past month," Forbes noted.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Click here to see the full findings.

https://www.foxbusiness.com/lifestyle/us-states-have-worst-behaved-drivers-see-where-your-state-ranks

JP Morgan CEO Jamie Dimon praises Elon Musk's government efficiency commission proposal: 'We really need it'JPMorgan Chase CEO Jamie Dimon expressed support for Elon Musk's call for a government efficiency commission, stating the U.S. "really needs to do it."

JPMorgan Chase CEO Jamie Dimon praised Elon Musk's plan for a government efficiency commission, calling it a "very good idea" while highlighting the need for heightened government accountability.

In an interview with CNBC-TV18 at the India Investor Summit, Prashant Nair brought up Musk's proposal for an efficiency task force to audit the federal government.

"So Elon, this idea about having an efficiency commission, I actually like the idea. I think governments have to become more efficient, more competent and look at when they take money what do they get for it?" Dimon said. "I actually think it's a very good idea."

TRUMP SAYS HE'LL ASK ELON MUSK TO LEAD GOVERNMENT EFFICIENCY COMMISSION IF HE WINS ELECTION

Dimon said the idea reminded him of Al Gore's "Reinventing Government" initiative launched in 1993 to make the federal government "work better."

 "We really need to do it. In America, we will do it, I’m sure," Dimon added. "A lot of the other countries need to do the same thing."

His comment comes less than a month after former President Trump endorsed Musk's proposal for a government efficiency task force, revealing that he would appoint the billionaire entrepreneur to lead the panel if elected president. 

The government efficiency commission would conduct a financial and performance audit of the federal government and would look to track down fraud and improper payments made from government programs. It would then provide recommendations for "drastic reforms" aimed at promoting efficiency, Trump said, with the goal of eliminating fraud and improper payments within six months of the commission being formed.

CEO OF JP MORGAN WARNS OF US ECONOMIC FATE WORSE THAN RECESSION: ‘THE WORST OUTCOME’

The Tesla CEO acknowledged his agreement to serve on the commission, writing on X that, "I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed."

Musk first suggested the creation of a government efficiency commission last month during a conversation he hosted with the former president on X after endorsing him for president. He went on to express an interest in contributing to its efforts and said, "I'd be happy to help out on such a commission." 

Politicians and industry leaders have pushed for government efficiency commissions in the past. Republican President Ronald Reagan established a similar body while he was in office from 1981 to 1989 called the Grace Commission.

But not everyone supports the implementation of the task force. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Everett Kelley, president of the American Federation of Government Employees, a union that represents 750,000 federal workers, accused Trump and Musk of wanting to gut the federal government's nonpartisan civil service to replace fired workers with their allies.

"There's nothing efficient about that," Kelley told Reuters.

Fox Business' Eric Revell contributed to this report.

https://www.foxbusiness.com/media/jp-morgan-ceo-jamie-dimon-praises-elon-musks-government-efficiency-commission-proposal-we-really-need-it

'Stop ripping us off': Senate grills Novo Nordisk CEO on weight loss drug pricingSen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.[Collection]

Sen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.https://www.cnbc.com/2024/09/24/novo-nordisk-ceo-to-testify-at-senate-over-weight-loss-drug-prices.html

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.[Collection]

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.https://www.cnbc.com/2024/09/24/doj-accuses-visa-of-debit-network-monopoly-that-impacts-price-of-nearly-everything.html

National Debt Tracker: American taxpayers (you) are now on the hook for $35,324,636,379,347.22 as of 9/24/24The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.

The national debt — which measures what the U.S. owes its creditors — rose to $35,324,636,379,347.22 as of September 23rd, according to the latest numbers published by the Treasury Department. That is up about $4.9 billion from the figure reported the previous day.

By comparison, just four decades ago, the national debt hovered around $907 billion.

The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the White House. Interest payments on the debt for the government's fiscal year, which begins in October, now exceed the costs of Medicare and the defense budget. 

SOARING DEFICITS TO PUSH PUBLICLY HELD DEBT TO RECORD LEVEL IN 4 YEARS

The latest findings from the Congressional Budget Office indicate that the national debt will grow to an astonishing $54 trillion in the next decade, the result of an aging population and fishing federal health care costs. Higher interest rates are also compounding the pain of higher debt.

Should that debt materialize, it could risk America's economic standing in the world.

"America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation," said Michael Peterson, the CEO of the Peter G. Peterson Foundation that advocates for reducing the federal deficit. "This is not the future any of us want, and it’s no way to run a great nation like ours."

LARGE DEFICITS, HIGH INTEREST RATES MAKING FEDERAL DEBT LESS SUSTAINABLE

The unrelenting increase is what prompted Fitch Ratings to issue a surprise downgrade of the nation's long-term credit score in mid-2023. The agency cut the U.S. debt by one notch, snatching away its pristine AAA rating in exchange for an AA+ grade. In making the decision, Fitch cited alarm over the country's deteriorating finances and expressed concerns over the government's ability to address the ballooning debt burden amid sharp political divisions. 

"This is a warning shot across the U.S. government's bow that it needs to right its fiscal ship," Sean Snaith, an economist at the University of Central Florida, told FOX Business. "You can't just spend trillions of dollars more than you have in revenue every year and expect no ill consequences."

The spike in the national debt follows a burst of spending by President Biden and Democratic lawmakers. 

As of September 2022, Biden had already approved roughly $4.8 trillion in borrowing, including $1.85 trillion for a COVID relief measure dubbed the American Rescue Plan and $370 billion for the bipartisan infrastructure bill, according to the Committee for a Responsible Federal Budget (CRFB), a group that advocates for reducing the deficit.

THE US IS PAYING A RECORD AMOUNT OF INTEREST ON ITS NATIONAL DEBT

While that is about half of the $7.5 trillion that former President Donald Trump added to the deficit while he was in office, it's far more than the $2.5 trillion Trump had approved at that same point during his term. 

Biden has repeatedly defended the spending by his administration and boasted about cutting the deficit by $1.7 trillion. 

"I might note parenthetically: In my first two years, I reduced the debt by $1.7 trillion. No President has ever done that," Biden said recently. 

However, that figure refers to a reduction in the national deficit between fiscal years 2020 and 2022; while the deficit did shrink during that time period, that is largely because emergency measures put into place during the COVID-19 pandemic expired. 

The White House has also tried to blame Republicans for the astronomical rise in debt in recent years.

"This is the trickle-down debt — driven overwhelmingly by repeated Republican giveaways skewed to big corporations and the wealthy," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business after the debt surpassed $34 trillion.

US NATIONAL DEBT TOPS $34T FOR FIRST TIME IN HISTORY

Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive.

That is because as interest rates rise, the federal government's borrowing costs on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB.

CLICK HERE TO READ MORE ON FOX BUSINESS

Payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032. By 2053, the interest payments are projected to surge to $5.4 trillion. To put that into perspective, that will be more than the U.S. spends on Social Security, Medicare, Medicaid and all other mandatory and discretionary spending programs.

"We are clearly on an unsustainable fiscal path," CRFB President Maya MacGuineas said. "We need to do better."

While the debt has been a source of concern among politicians and budget hawks, just how worried should you be about the nation's rapid pace of borrowing? 

Experts say that the higher the debt climbs, the more the U.S. is paying in interest costs each year. Those expenses can eclipse important public investments that fuel economic growth — areas like education, research and development and infrastructure. 

"A nation saddled with debt will have less to invest in its own future," the Peter G. Peterson Foundation said.

A Pew Research Center survey published in 2023 found that 57% of Americans think reducing the budget deficit should be a top priority for the president and Congress — up from just 45% the previous year.

https://www.foxbusiness.com/economy/us-national-debt-tracker

Verizon plan to install 5G poles along popular Jersey Shore beach stirs uproarA push by Verizon Wireless to install 5G cell phone poles along Ocean Avenue in Spring Lake New Jersey has received blowback from residents who want to preserve the beach.

Residents of a Jersey Shore borough and representatives from Verizon Wireless will clash Tuesday evening over a plan to install 5G towers along a popular stretch of beach. 

Officials in Spring Lake will hear public comments on an application from Verizon to install six 5G small cell utility poles along Ocean Avenue as part of a push by the telecommunications giant to expand its 5G network in New Jersey that has many residents in uproar. Locals say construction of the 35-ft. towers would disrupt beach activities and threaten the environment, as well as be an unwanted eyesore on the beloved coastline. 

Verizon argues that additional wireless capacity is needed along the beach and that the 5G towers, which are designed to look like streetlights, will ultimately be a benefit to the borough. 

"Over the summer months there is an exceptional increase of visitors to the Borough's beaches. That increased demand on Verizon Wireless' network far outstrips available capacity which, in turn, has inhibited the ability of residents and visitors to make and receive phone calls or text messages or use their devices to access the internet," Verizon said in an application with Spring Lake to install the 5G towers. "This application will help ameliorate this serious wireless capacity problem." 

VERIZON-FRONTIER DEAL: HOW IT COULD IMPACT CUSTOMERS

Spring Lake Councilman Edwin Hale told FOX Business he is "staying open-minded" about Verizon's proposal, but expects several residents and other officials in the municipality to oppose the plan at Tuesday's Mayor & Council Meeting, which will open at 6 p.m. 

"Tonight's really a test to see what kind of opposition to it our residents have," Hale said.

Verizon did not respond to a request for comment. 

Opponents of Verizon's proposal formed the group Spring Lake Against 5G Towers, which is represented by the Children's Health Defense, a nonprofit led by former independent presidential candidate Robert F. Kennedy Jr. Children's Health Defense is also involved in a similar effort to stop Verizon's 5G towers in nearby Belmar.

VERIZON, AUDI TEAM UP TO BRING 5G TO CAR LINEUP

"One of the things we are concerned about along with the impact to people is the effect to the environment," Children's Health Defense attorney Scott McCollough told NJ.com earlier this year. 

Rep. Chris Smith, a Republican whose district stretches along the Jersey Shore, told FOX Business his office has heard from several constituents who have voiced concerns over "potential detrimental impacts of 5G towers on the aesthetic quality of their neighborhoods, the local environment and wildlife, health and property values." 

"The implementation of 5G is meant to advance telecommunications networks, but it cannot and should not be done at the expense of valued local input or under unreasonable time constraints," Smith said. 

He has introduced legislation, called the Securing Local Communities Input in Broadband Development Act, which aims to reverse federal regulations that critics say unfairly advantage the telecommunications industry against residents in the face of community opposition to infrastructure projects.

FUTURE OF 5G DEVELOPMENT, ROLLOUT LIES WITH WIRELESS COMPANIES, NOT FEDERAL GOVERNMENT: FORMER OFFICIAL

Spring Lake Mayor Jennifer Naughton has said the municipality is in an "open conversation" with Verizon over its application for a waiver that would allow the company to install the 5G towers. Naughton said in June that the council is "adamantly opposed" to poles along Ocean Avenue and Prospect Avenue, although officials are willing to hear proposed alternatives from Verizon, The Coast Star reported

Hale also expressed a willingness to hear about any "other options" that are available to expand Verizon's 5G network while preserving residents' view of the beach.

"Is there a need for the towers in the first place?" Hale said when asked what concerns he and other council members would like to address at Tuesday's meeting. He suggested that alternative plans might involve placing the 5G towers off the ocean-front or perhaps using Cellular on Wheels, or COW vehicles during periods of high demand on Verizon's network.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The councilman observed that Verizon will also need permission from Monmouth County before the project can move forward. 

"My gut feeling is that the municipality and the residents will be opposed to something like this," Hale said. "There may be alternatives to make it less offensive." 

https://www.foxbusiness.com/technology/verizon-plan-install-5g-poles-along-popular-jersey-shore-beach-stirs-uproar

Sam Bankman-Fried's ex-girlfriend, Caroline Ellison, sentenced to 2 years in prisonFormer FTX CEO Sam Bankman-Fried's ex-girlfriend and co-conspirator, Caroline Ellison, was sentenced to 24 months behind bars for her role in the collapse of the crypto empire.

Caroline Ellison, the former girlfriend, employee and co-conspirator of convicted FTX founder and CEO Sam Bankman-Fried, was sentenced to 24 months in prison on Tuesday for her role in defrauding investors and customers of the cryptocurrency platform ahead of its multi-billion-dollar collapse.

U.S. District Judge Lewis Kaplan handed Ellison the two year term behind bars, along with 3 years of supervision. Ellison was also ordered to forfeit around $7.11 billion.

Ellison, who was the CEO of FTX sister company Alameda Research when FTX went bankrupt in Nov. 2022, previously pleaded guilty to two counts of wire fraud and five conspiracy charges and agreed to cooperate with prosecutors. 

She was the government's star witness in its trial against Bankman-Fried, who was convicted earlier this year to 25 years in prison after being convicted last November on similar charges. Bankman-Fried maintains his innocence, and is appealing both his conviction and sentence.

CRYPTO FRAUD LOSSES SURGE TO $5.6B IN 2023: THESE STATES WERE HIT HARDEST

Ellison faced as much as 110 years in prison, but prosecutors had urged the judge to show leniency, even referring to her cooperation as "exemplary." Her defense team asked the judge for no jail time and a supervised release of three years, arguing that she was pivotal to Bankman-Fried's conviction, she was not the lead orchestrator of the crime and has repented.

Ryan Salame, another former high-ranking official at FTX and its sister firm Alameda Research that cooperated with officials, was sentenced earlier this year to seven and a half years in prison after pleading guilty to the federal charges against him.

During Bankman-Fried's criminal trial, Ellison testified that she and other executives committed crimes at FTX and Alameda. Ellison blamed her part in the alleged fraud on Bankman-Fried.

ATM BITCOIN SCAMS ARE ON THE RISE

Ellison admitted that billions of dollars in FTX customers' funds were funneled to Alameda to be used for the hedge fund's investments and to repay its debts. The former Alameda CEO also admitted to sending doctored balance sheets to lenders at Bankman-Fried's direction, which she said made the hedge fund appear less risky than it truly was.

The collapse of FTX has been compared to Enron. The crypto exchange had merged assets with Alameda Research amid cash problems, leading waves of customers to withdraw funds. Bankman-Fried was indicted the next month.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FTX bankruptcy proceedings indicate victims will receive all their money back, though at the value as of Nov. 2022, during crypto winter.

FOX Business' Kelly O'Grady and Suzanne O'Halloran contributed to this report.

https://www.foxbusiness.com/business-leaders/sam-bankman-frieds-ex-girlfriend-caroline-ellison-sentenced

Meta CEO Mark Zuckerberg's net worth hits $200 billionMark Zuckerberg’s net worth has climbed to the eye-popping $200 billion level that just a few other billionaires have achieved, the Bloomberg Billionaires Index showed.

Mark Zuckerberg’s net worth has climbed to a figure that only two other billionaires in the United States have achieved. 

The Bloomberg Billionaires Index pegged the value of the Meta Platforms CEO’s personal fortune at $200 billion as of Monday. That represented a $1.06 billion increase from the prior trading day and a $72.2 billion jump from the start of the year, according to the index.

His net worth put him in the rare company of two other billionaires worth at least $200 billion.

Tesla CEO Elon Musk, the world’s richest person, had a net worth of $265 billion as of Monday, the Bloomberg Billionaires Index showed Tuesday. Amazon founder Jeff Bezos ranked No. 2 at $216 billion. 

SEE META CEO MARK ZUCKERBERG'S BRAND NEW 287-FOOT SUPERYACHT

Much of Zuckerberg’s personal fortune originates from his Meta Platforms holdings.

The corporate parent of Facebook, Instagram, Whatsapp and Threads has seen a nearly 62.5% increase in its stock price year to date. That has helped push its market capitalization to $1.42 trillion as of Tuesday.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

A report from Informa Connect Academy projected earlier this month that Zuckerberg could become a trillionaire by the start of the next decade at his net worth’s yearly average rate of growth. 

ELON MUSK COULD BECOME WORLD'S FIRST TRILLIONAIRE BY 2027

However, the organization identified Musk as the "clear favorite" to amass a 13-figure net worth before any other billionaires. He could achieve that by 2027, Informa Connect Academy said.

Zuckerberg has been a billionaire since 2008, according to reports.

https://www.foxbusiness.com/business-leaders/meta-ceo-mark-zuckerbergs-net-worth-hits-200-billion

'Stop ripping us off': Senate grills Novo Nordisk CEO on weight loss drug pricingSen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.[Collection]

Sen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.https://www.cnbc.com/2024/09/24/novo-nordisk-ceo-to-testify-at-senate-over-weight-loss-drug-prices.html

Boeing sweetens labor proposal in 'best and final' offer as strike enters second weekThe new offer includes higher pay raises, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said on its website.[Collection]

The new offer includes higher pay raises, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said on its website.https://www.cnbc.com/2024/09/23/boeing-labor-proposal-best-and-final-offer-strike.html

Bernie Sanders grills Novo Nordisk CEO on price of Ozempic, other weight-loss drugsSen. Bernie Sanders grilled Novo Nordisk's CEO Lars Jorgensen over the cost of the company's weight loss and diabetes medications, Ozempic and Wegovy.

Sen. Bernie Sanders grilled Novo Nordisk CEO Lars Jorgensen during a Tuesday Senate hearing regarding the cost of its weight-loss drugs in the U.S. 

In opening remarks before the Senate Health, Education, Labor and Pensions Committee, Sanders argued that Novo's Ozempic costs over 15 times more in the U.S. than in Germany and that Wegovy is nearly 15 times more expensive in the U.S. compared to the U.K. Both drugs, which have the same active ingredient but different approved uses, have surged in popularity in the U.S. market. 

Jorgensen said that the risk of lowering list prices is that the pharmacy benefit managers (PBMs) would drop coverage of them. He used Levemir, a long-acting insulin that was discontinued in January, as an example. 

SEEING MORE WEIGHT-LOSS DRUG ADS? HERE'S WHY

Jorgensen said after the company dropped the list price by 65%, PBMs dropped coverage of the product. The drug went from being on 90% of insurance plans to about 35%. 

Sanders argued that he received written commitments from the major PBMs that if "Novo Nordisk, substantially reduced the list for Ozempic and Wegovy, they would not limit coverage. In fact, all of them told me they would be able to expand coverage for these drugs if the list price was reduced." 

Given this, Sanders asked Jorgensen if the company would commit to substantially reducing the list price of these drugs in the U.S. 

FDA APPROVES ELI LILLY'S TIRZEPATIDE FOR WEIGHT LOSS

The chief executive, who took over in 2017, said he'd be happy to "do anything that helps patients," but doesn't know under what conditions these promises were made. 

Almost all U.S. commercial insurance plans cover Ozempic and about half cover Wegovy, according to Jorgensen. He said that 80% of all Americans with insurance have access to these medicines at $25. 

Jorgensen said it's not the company's intention for anyone to pay the list price and that it "is a starting point for negotiations against the PBMs and insurance companies."

Sanders said that "if you are uninsured, you pay the full list price. If you have a large deductible, you pay the full list price. If you have co-insurance, the percentage of the price you pay at the pharmacy counter is based on the list price."

The senator continued, saying that in the best case, the company is charging Americans nearly $600 for Ozempic with all the rebates and all the discounts, which is "over nine times as much as people in Germany pay for the product."  

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Ozempic was approved by federal health officials in 2017 and marketed for medical use in the treatment of Type 2 diabetes "with weight loss as a secondary effect of the drug’s effects and mechanism of action." 

Wegovy was approved in 2021 for chronic weight management in adults who are obese or overweight and have at least one weight-related condition. 

https://www.foxbusiness.com/lifestyle/bernie-sanders-grills-novo-nordisk-ceo-price-ozempic-other-weight-loss-drugs

'Stop ripping us off': Novo Nordisk CEO defends weight loss drug pricing during Senate grillingSen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.[Collection]

Sen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.https://www.cnbc.com/2024/09/24/novo-nordisk-ceo-to-testify-at-senate-over-weight-loss-drug-prices.html

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.[Collection]

Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.https://www.cnbc.com/2024/09/24/doj-accuses-visa-of-debit-network-monopoly-that-impacts-price-of-nearly-everything.html

Olivia Newton-John's widower selling California home he shared with singer: 'It's a beautiful place'Olivia Newton-John's widower opened up about his decision to sell the home he once shared with the late singer, saying he believes it's time for another family to enjoy it.

Olivia Newton-John's widower, John Easterling, has decided to sell the home he once shared with his late wife.

In a recent interview with People, Easterling opened up about the difficult decision to part with the home he and Newton-John lived in together until her death from breast cancer in August 2022, telling the outlet, he "couldn't even think about" selling it within the first year of her death.

"I think I was recognizing that I'm not here very much, and it was just time to let somebody else really enjoy this place," he says. "I mean, we had such a lovely time here, but it was our place, and now I'm recognizing it's time to let somebody else enjoy that peace and serenity and beauty of what this place is." 

Easterling's change of heart occurred after he began traveling, spending a lot of time in Florida, Peru and Australia.

OLIVIA NEWTON-JOHN'S HUSBAND JOHN EASTERLING PAYS TRIBUTE TO LATE 'GREASE' STAR

The 4,450 square foot home, which sits on 12 acres of land in Santa Ynes, was placed on the market in June 2024, and was listed for $8.9 million. Easterling and Newton-John purchased the home together in 2015, with Easterling saying he feels a "very strong presence" of his wife in the home.

"It's a beautiful place," he says. "I'm standing here now just soaking in the wonder of it, but it's just very different now that it's just me. People who are in a similar circumstance, I know would understand."

The home, which features four bedrooms and four full bathrooms, is listed with Carey Kendall of Village Properties, and also features an outdoor kitchen, with a built-in pizza oven, a fireplace, grill, a pool cabana and a four-car garage.

In addition, the home also boasted a barn, stable, arena and pastures, as well as a guest house with two additional bedrooms, two bathrooms, as well as an additional attached two-car garage.

"It'd be such a great place for somebody with a couple of little kids to run around and have fun," he told People.

Some of the features which make it the perfect home for a couple with young children include the outdoor playground which boasts a see-saw, a sandbox, a swing set and a climbing web.

The home features an open floorplan, which connects the great room, kitchen and dining room. The white walls of the great room are accented with vertical grain Douglas fir, and the ceiling is covered in wood paneling. There is also exposed wooden beams and a skylight in the center.

OLIVIA NEWTON-JOHN DEAD AT 73: FROM 'GREASE' TO 'XANADU,' A TIMELINE OF THE MUSIC ICON'S CAREER HIGHLIGHTS

The living room features many sitting areas, including a sectional sofa and a circular table, as well as a fireplace and a light blue grand piano. Just steps away from the piano is the dining area, which features a large wooden table.

Also connected to the dining room is the Chef's kitchen, which boasts all-wood cabinets, and big windows throughout the room looking out onto the massive property outside. It also features two center islands, one which boasts a built-in dining area.

The kitchen has two sinks, a double oven with a five-burner gas cooktop, two dishwashers, a wine refrigerator and plenty of counter space.

Through a set of mahogany doors, guests can access a small sunroom, which looks out onto a large grass field and the pool in the backyard, with beautiful views of the surrounding hills.  

Elsewhere in the home is a sizable-designated office space. The office features multiple areas to sit and work, as well as a door leading to the backyard, built-in shelving taking up the entire back wall, as well as room for multiple sofas and armchairs.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The spacious primary bedroom features a unique mahogany floating wall, which acts as a natural separation between the sleeping and lounging area of the room with the closet and dressing room. 

In addition, a larger walk-in closet is found elsewhere in the room, as well as a spacious ensuite bathroom. The bathroom boasts two vanities, a soaking tub and a standing shower.

Other highlights of the home include a garden and sitting area on the property, which has six planter boxes and a chicken coop, perfect for anyone with a green thumb. The home also has access to the Santa Ynez River, as well as many hiking trails which surround the home.

Easterling and the "Grease" star met in the mid-2000s and dated for a while before getting married in 2008. 

READ MORE FROM FOX BUSINESS

https://www.foxbusiness.com/fox-news-entertainment/olivia-newton-johns-widower-selling-california-home-he-shared-singer-its-beautiful-place

DOJ sues Visa over debit card market monopolyThe Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a monopoly over the U.S. debit card market.

The Justice Department (DOJ) on Tuesday filed a lawsuit against Visa, alleging that the company maintained an illegal monopoly over the U.S. debit card market.

According to the DOJ's complaint, more than 60% of debit card transactions in the U.S. run on Visa's debit network, which allows the company to charge over $7 billion in fees each year for processing those transactions.

It also accuses Visa of illegally maintaining its monopoly power by insulating itself from competition. As an example, the DOJ said Visa uses exclusionary agreements on merchants and banks using its debit card services, which allows it to lock up debit card transaction volumes while it "insulates itself from competition, and smothers smaller, lower-priced competitors."

"We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market," Attorney General Merrick Garland said in a statement. "Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa's unlawful conduct affects not just the price of one thing – but the price of nearly everything."

CREDIT CARD DELINQUENCY RATES HIT WORST LEVEL SINCE 2012 IN NEW FED STUDY

The DOJ's lawsuit also said that Visa "induces would-be competitors to become partners instead of entering the market as competitors by offering generous monetary incentives and threatening punitive additional fees."

It accuses Visa of engaging in a "deliberate and reinforcing course of conduct to cut off competition and prevent rivals from gaining the scale, share, and data necessary to compete for customers' business." The DOJ also noted that Visa uses its scale to leverage both merchants and consumers to build what it refers to as an "enormous moat" around its business.

FOX Business reached out to Visa for comment on the suit.

VISA, MASTERCARD CAN LIKELY HANDLE SWIPE-FEE SETTLEMENT BIGGER THAN $30 BILLION: JUDGE

Visa and rival Mastercard have faced legal scrutiny in recent months. This summer, a federal judge rejected a $30 billion settlement in a lawsuit related to the swipe fees, also known as interchange fees, that the card issuers charge merchants to handle their transactions.

The settlement would have lowered and capped swipe fees, resulting in an estimated savings of $6 billion a year for merchants. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The judge called that amount "paltry" in comparison to the roughly $100 billion in fees they paid to Visa and Mastercard in 2023, and said that the "evidence strongly suggests" that Visa and Mastercard "could withstand a substantially greater judgment."

Visa's stock price slid by more than 4.3% on Tuesday amid reports that the DOJ was preparing to file its lawsuit against the financial services giant.

https://www.foxbusiness.com/markets/doj-sues-visa-over-debit-card-market-monopoly

Stuart Varney: Democrat rule is to blame for New York City's problemsFOX Business' Stuart Varney discusses New York City's immigration problem and crime epidemic as Mayor Eric Adams is 'paralyzed' by several investigations.

During his "My Take," Tuesday, "Varney & Co." host Stuart Varney addressed the crime and immigration problems plaguing New York City as a violent Venezuelan gang terrorizes neighborhoods and the city government is besieged by scandals.

STUART VARNEY: New York City is in very bad shape and that's an understatement.

The latest outrage is about the violent Venezuelan gang Tren de Aragua. In just one year, this gang has become a successful criminal enterprise. 

ILLEGAL IMMIGRANTS MAKE UP 75% OF ARRESTS IN MIDTOWN MANHATTAN, SAY POLICE

They operate from inside city shelters. Dealing drugs, selling illegal guns and organizing prostitution. 

They are armed. They intimidate and terrorize whole neighborhoods. The police department's anti-gang unit is overwhelmed.

Get this. They can't be sent back because Venezuela won't take them, and they are here legally because of a special deal the Biden-Harris team worked out with Venezuela's dictator. 

Plus, of course, New York is a sanctuary city and must accept illegals and pay for them.  

NYC MAYOR ERIC ADAMS HIT WITH FIRST SUBPOENA OVER 2021 CAMPAIGN FINANCES: REPORT

Meanwhile, the city's government is paralyzed. The police chief resigned. The replacement chief just had his home searched by the FBI. 

There are several investigations reaching into the mayor's office relating to foreign money influence and the mayor's chief counsel resigned last month, saying she can't effectively represent him. 

Half the city's bus riders don't pay the fare. The big office buildings in Midtown Manhattan are half empty. 

Tax revenue is way down and crime is way up. It is a litany of problems that make you feel like a break-down is near.

I don't mean to pile on, but it has to be said, the one-party rule is to blame. 

For ten years, Democratic mayors have brought disaster. 

FBI RAIDS HOMES OF TOP AIDES FOR NEW YORK CITY MAYOR ERIC ADAMS

The mayor and the teachers union kept the schools closed for far too long. 

The response to the George Floyd riots was pathetic. The rioters ran amok. 

A demoralized police force lost thousands of experienced officers and a radical D.A. put criminals back on the streets. 

Unfortunately, the Democrats have locked in power for a long time to come.

No wonder remote work looks attractive.

FOR MORE FOX BUSINESS CLICK HERE

https://www.foxbusiness.com/media/stuart-varney-democrat-rule-blame-new-york-citys-problems

Consumer confidence falls, showing largest decline in 3 yearsU.S. consumer confidence declined across all five components of the Consumer Confidence Index in September, resulting in the largest drop in more than three years.

Consumer confidence tumbled in September, marking the sharpest drop in more than three years as Americans grow increasingly concerned about economic conditions – particularly the labor market.

The Conference Board reported Tuesday that its Consumer Confidence Index fell this month to 98.7, down from an upwardly revised August reading of 105.6.

"September's decline was the largest since August 2021 and all five components of the Index deteriorated," Conference Board chief economist Dana Peterson said. "Consumers' assessments of current business conditions turned negative while views of the current labor market situation softened further."

"Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income," Peterson added.

POWELL IS WORRIED ABOUT THE LABOR MARKET: NANCY LAZAR

The Present Situation Index, which gauges consumers' current assessment of the business and labor market, plummeted more than 10 points to 124.3 this month, while the Expectations Index, based on respondents' short-term outlook, declined 4.6 points to 81.7. 

The Conference Board noted that when the Expectations Index falls below a reading of 80, it typically signals a recession is ahead.

Consumers' current view of business conditions also turned negative this month, the report showed. At the same time, respondents' assessments of the labor market deteriorated.

FED'S POWELL: POLICYMAKERS NOTED ‘ARTIFICIALLY HIGH’ JOBS DATA, REVISIONS IN RATE CUT DECISION

Despite inflation easing in August to the lowest level in three years, consumers' average 12-month inflation expectations climbed to 5.2% this month, and the Conference Board reported that respondents' write-in comments were dominated by mentions of inflation and prices.

"The deterioration across the Index's main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings—even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages," Peterson said. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"The proportion of consumers anticipating a recession over the next 12 months remained low but there was a slight uptick in the percentage of consumers believing the economy was already in recession."

https://www.foxbusiness.com/economy/consumer-confidence-falls-largest-decline-3-years

'Stop ripping us off': Novo Nordisk CEO defends weight loss drug pricing during Senate grillingSen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.[Collection]

Sen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.https://www.cnbc.com/2024/09/24/novo-nordisk-ceo-to-testify-at-senate-over-weight-loss-drug-prices.html

Tanzania’s Maasai Women Adopt Climate-Smart Solutions To Tame Drought

Tanzania’s Maasai Women Adopt Climate-Smart Solutions To Tame Drought

MVOMERO, Tanzania, Sep 24 (IPS) - In the scorching sun of Mikese village in Tanzania's eastern Mvomero district, 31-year-old Maria Naeku tirelessly tends to her small vegetable patch. Each time she pulls a weed, the red soil stains her hands as she guides the trickle of water from a maze of pipes through an elevated bed to nurture her plants. In a drought-stricken area, Naeku's small garden is a lifeline for her family, giving them food and income.

Read the full story, “Tanzania’s Maasai Women Adopt Climate-Smart Solutions To Tame Drought”, on globalissues.org

https://www.globalissues.org/news/2024/09/24/37748 [Collection]

Sustainable Peace in Afghanistan Needs Women on the Frontlines

Sustainable Peace in Afghanistan Needs Women on the Frontlines

UNITED NATIONS, Sep 24 (IPS) - Women in Afghanistan have continued to advocate for their rights and have called on the international community to not only stand in solidarity but to take decisive action to prevent the erosion of their rights and presence in public space.

Read the full story, “Sustainable Peace in Afghanistan Needs Women on the Frontlines”, on globalissues.org

https://www.globalissues.org/news/2024/09/24/37747 [Collection]

Trump says he'll hit John Deere with 200% tariffs if it moves production to MexicoFormer President Trump said he'll impose 200% tariffs on John Deere's imported products if it shifts production from the Midwestern U.S. to Mexico as previously announced.

Former President Donald Trump on Monday vowed to impose a 200% tariff on John Deere's imports into the U.S. if the company moves some of its production to Mexico.

John Deere announced earlier this year that it would lay off about 600 employees at three plants effective Aug. 30 as part of a plan to move production of skid steer loaders and compact track loaders to an existing facility in Mexico by the end of 2026. The layoffs impacted facilities in Davenport and Dubuque, Iowa, as well as East Moline, Illinois.

"As you know, they've announced a few days ago that they are going to move a lot of their manufacturing business to Mexico," Trump said at a rally in western Pennsylvania. "I am just notifying John Deere right now that if you do that, we are putting a 200% tariff on everything that you want to sell into the United States."

Trump has previously said he would hit automakers that move production to Mexico with a 200% tariff, though this appears to be the first time he has extended that threat to an agricultural equipment manufacturer.

JOHN DEERE ANNOUNCES MASS LAYOFFS IN MIDWEST AMID PRODUCTION SHIFT TO MEXICO

John Deere explained the decision to shift some production to Mexico as "optimizing our factories for future products, making our operations more efficient and taking advantage of locations in the U.S. and globally, with a growing labor force."

The company recently noted that it has invested more than $2 billion in its U.S. factories since 2019, including a new X9 combine assembly line in East Moline, as well as a new See & Spray line in Des Moines, Iowa, new tractor line assemblies in Waterloo, Iowa, and a new excavator factory in Kernersville, North Carolina.

JOHN DEERE RELEASES STATEMENT REJECTING DEI POLICIES: 'COMMITTED TO OUR CUSTOMERS'

"In order to position our U.S. factories to undertake these highly value-additive activities it is sometimes necessary to move less complex operations, such as cab assembly, to other locations," John Deere said in a post explaining its investments in U.S. manufacturing

"This includes moving the production of some models of our skid steer loaders and compact loaders to our factory in Mexico, a facility that has been an important part of our global operation for nearly 70 years," the company added.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

John Deere has faced some economic headwinds in the last year as high interest rates and lower commodity prices resulted in forecasts suggesting farmer net income will decline 24% in 2024. 

Those challenges have led farmers to delay purchases of new equipment, prompting John Deere to scale back production and optimize its operations to meet current market demands.

Reuters contributed to this report.

https://www.foxbusiness.com/politics/trump-says-hell-hit-john-deere-200-tariffs-moves-production-mexico

Coca-Cola discontinues Spiced flavor months after debutCoca-Cola Spiced, which debuted in February, was the first time the company had launched a new permanent flavor in more than three years. It will now discontinue it.

Coca-Cola announced it is discontinuing production of its Spiced flavor just months after it was introduced to consumers.

The company added the flavor to its North America slate of soft drinks in February, with the company describing the drink as having the "classic taste of Coca-Cola with refreshing bursts of raspberry and a curated blend of warm spiced flavors."

The introduction of Spiced marked the first time the company had launched a new flavor permanently in more than three years.

COCA-COLA RAISES ANNUAL SALES, PROFIT FORECASTS ON STEADY DEMAND

THE COCA-COLA COMPANY: DISCOVER THE EVOLUTION OF THE GLOBAL BEVERAGE ICON

The company is "planning to phase out Coca-Cola Spiced to introduce an exciting new flavor in 2025," a Coca-Cola spokesperson confirmed to FOX Business.

In addition to Coca-Cola Spiced, the brand has sold a slew of temporary flavors in recent years. Flavors like Y3000, Dreamworld, Oreo and K-Wave are among them.

Coca-Cola, which also owns brands like Fanta, Dasani, Minute Maid, Topo Chico and Bodyarmor, sold a total of 33.3 billion unit cases of its various products last year.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Its namesake brand represented 47% of the global volume in 2023, according to the company. In the U.S., 42% of its unit case volumes were Coca-Cola products.

https://www.foxbusiness.com/lifestyle/coca-cola-discontinues-spiced-flavor-months-after-debut

Open AI CEO says AI 'superintelligence' is coming sooner than you thinkTech companies could create an AI superintelligence in "a few thousand days" that would revolutionize the world, Open AI CEO Sam Altman says.

Open AI CEO Sam Altman says the world could be just "a few thousand days" from creating an artificial "superintelligence."

Altman made the assertion in a personal blog post on Monday, declaring that the world is now at the "dawn of the Intelligence Age."

"This may turn out to be the most consequential fact about all of history so far. It is possible that we will have superintelligence in a few thousand days (!); it may take longer, but I’m confident we’ll get there," Altman wrote.

Current AIs, such as ChatGPT, are large language models that analyze troves of data to provide responses and reactions. A "superintelligent" AI, however, would have greater cognitive abilities than any human, as well as the ability to iterate on and improve itself. 

Altman argues it is critical to continue investing in more chips and computing power to establish a widespread infrastructure for such technology.

WHAT IS ARTIFICIAL INTELLIGENCE (AI)?

"If we want to put AI into the hands of as many people as possible, we need to drive down the cost of compute and make it abundant (which requires lots of energy and chips). If we don’t build enough infrastructure, AI will be a very limited resource that wars get fought over and that becomes mostly a tool for rich people," he said.

"We need to act wisely but with conviction. The dawn of the Intelligence Age is a momentous development with very complex and extremely high-stakes challenges. It will not be an entirely positive story, but the upside is so tremendous that we owe it to ourselves, and the future, to figure out how to navigate the risks in front of us," he continued.

Altman's statement comes as a new tech startup co-founded by OpenAI’s former chief scientist Ilya Sutskever announced it has raised $1 billion in cash to help fund the development of a safe artificial intelligence system.

Sutskever co-founded the company, Safe Superintelligence (SSI), with fellow OpenAI veteran Daniel Levy and former Apple AI chief Daniel Gross.

MAN CHARGED FOR USING BOTS TO STREAM AI-GENERATED SONGS FOR $10M IN ROYALTIES

"We've started the world’s first straight-shot SSI lab, with one goal and one product: a safe superintelligence," the company wrote on social media in June.

The company said it plans to achieve its goal through "revolutionary engineering and scientific breakthroughs" without the distraction of "management overhead or product cycles."

ONLINE GRAPHIC DESIGN PLATFORM HIT WITH BACKLASH OVER ‘INSANE’ PRICE HIKES THAT REACH 300%

Investors include venture capitalist firms including Andreessen Horowitz, Sequoia Capital and SV Angel.

Gross told Reuters that it was important to find investors who align with their goal of creating a safe superintelligence.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"It's important for us to be surrounded by investors who understand, respect and support our mission, which is to make a straight shot to safe superintelligence and in particular to spend a couple of years doing R&D on our product before bringing it to market," Gross said told the outlet.

Fox News' Stephen Sorace contributed to this report

https://www.foxbusiness.com/technology/open-ai-ceo-says-ai-superintelligence-coming-sooner-than-you-think